Document:

Exhibit 4.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIESTA RESTAURANT GROUP, INC.

 

DEBT SECURITIES

 

FORM OF INDENTURE

 

Dated as of [                                    ]

 

[                                    ]

 

Trustee

 

     

     

    

 

CROSS-REFERENCE TABLE*

 

	Trust Indenture	Indenture
	Act Section	Section
	310(a)(1)	7.10
	  (a)(2)	7.10
	  (a)(3)	N.A.
	  (a)(4)	N.A.
	  (a)(5)	7.10
	  (b)	7.10
	  (c)	N.A.
	311(a)	7.11
	  (b)	7.11
	  (c)	N.A.
	312(a)	2.07
	  (b)	13.03
	  (c)	13.03
	313(a)	7.06
	  (b)(1)	7.06
	  (b)(2)	7.07
	  (c)	7.06, 13.02
	  (d)	7.06
	314(a)	N.A.
	  (b)	N.A.
	  (c)(1)	13.04
	  (c)(2)	13.04
	  (c)(3)	N.A.
	  (d)	N.A.
	  (e)	13.05
	  (f)	N.A.
	315(a)	7.01
	  (b)	7.05, 13.02
	  (c)	7.01
	  (d)	7.01
	  (e)	6.11
	316(a) (last sentence)	2.11
	  (a)(1)(A)	6.05
	  (a)(1)(B)	6.04
	  (a)(2)	N.A.
	  (b)	6.07
	  (c)	6.10
	317(a)(1)	6.08
	  (a)(2)	6.09
	  (b)	2.06
	318(a)	13.01
	  (b)	N.A.
	  (c)	12.01

 

N.A. means not applicable.

 

		*	This Cross Reference Table is not part of this Indenture.

 

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TABLE OF CONTENTS

 

	ARTICLE 1. DEFINITIONS AND INCORPORATION  BY REFERENCE	1
	 	 	 
	Section 1.01	Definitions.	1
	 	 	 
	Section 1.02	Other Definitions.	4
	 	 	 
	Section 1.03	Incorporation by Reference of Trust Indenture Act.	4
	 	 	 
	Section 1.04	Rules of Construction.	4
	 	 	 
	ARTICLE 2. THE SECURITIES	5
	 	 	 
	Section 2.01	Form Generally.	5
	 	 	 
	Section 2.02	Securities in Global Form.	5
	 	 	 
	Section 2.03	Title and Terms.	6
	 	 	 
	Section 2.04	Execution, Authentication, Delivery and Dating.	8
	 	 	 
	Section 2.05	Registrar and Paying Agent.	9
	 	 	 
	Section 2.06	Paying Agent to Hold Money in Trust.	9
	 	 	 
	Section 2.07	Holder Lists.	10
	 	 	 
	Section 2.08	Registration, Registration of Transfer and Exchange.	10
	 	 	 
	Section 2.09	Replacement Securities.	12
	 	 	 
	Section 2.10	Outstanding Securities.	12
	 	 	 
	Section 2.11	Treasury Securities.	12
	 	 	 
	Section 2.12	Temporary Securities.	12
	 	 	 
	Section 2.13	Cancellation.	13
	 	 	 
	Section 2.14	Payment of Interest.	13
	 	 	 
	Section 2.15	Persons Deemed Owners.	13
	 	 	 
	Section 2.16	Computation of Interest.	13
	 	 	 
	Section 2.17	CUSIP Numbers.	14
	 	 	 
	ARTICLE 3. REDEMPTION AND PREPAYMENT	14
	 	 	 
	Section 3.01	Right to Redeem; Notices to Trustee.	14
	 	 	 
	Section 3.02	Selection of Securities to Be Redeemed.	14
	 	 	 
	Section 3.03	Notice of Redemption to Holders.	14
	 	 	 
	Section 3.04	Effect of Notice of Redemption.	15
	 	 	 
	Section 3.05	Deposit of Redemption Price.	15
	 	 	 
	Section 3.06	Securities Redeemed in Part.	16
	 	 	 
	ARTICLE 4. COVENANTS	16
	 	 	 
	Section 4.01	Payment of Securities.	16

 

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	Section 4.02	Maintenance of Office or Agency.	16
	 	 	 
	Section 4.03	[Reserved.]	17
	 	 	 
	Section 4.04	Compliance Certificate.	17
	 	 	 
	ARTICLE 5. SUCCESSORS	17
	 	 	 
	Section 5.01	Merger, Consolidation, or Sale of Assets.	17
	 	 	 
	Section 5.02	Successor Company Substituted.	17
	 	 	 
	ARTICLE 6. DEFAULTS AND REMEDIES	18
	 	 	 
	Section 6.01	Events of Default.	18
	 	 	 
	Section 6.02	Acceleration.	19
	 	 	 
	Section 6.03	Other Remedies.	19
	 	 	 
	Section 6.04	Waiver of Past Defaults.	19
	 	 	 
	Section 6.05	Control by Majority.	19
	 	 	 
	Section 6.06	Limitation on Suits.	20
	 	 	 
	Section 6.07	Rights of Holders of Securities to Receive Payment and Convert.	20
	 	 	 
	Section 6.08	Collection Suit by Trustee.	20
	 	 	 
	Section 6.09	Trustee May File Proofs of Claim.	21
	 	 	 
	Section 6.10	Priorities.	21
	 	 	 
	Section 6.11	Undertaking for Costs.	21
	 	 	 
	ARTICLE 7. TRUSTEE	21
	 	 	 
	Section 7.01	Duties of Trustee.	21
	 	 	 
	Section 7.02	Rights of Trustee.	22
	 	 	 
	Section 7.03	Individual Rights of Trustee.	23
	 	 	 
	Section 7.04	Trustee’s Disclaimer.	23
	 	 	 
	Section 7.05	Notice of Defaults.	24
	 	 	 
	Section 7.06	Reports by Trustee to Holders of the Securities.	24
	 	 	 
	Section 7.07	Compensation and Indemnity.	24
	 	 	 
	Section 7.08	Replacement of Trustee.	25
	 	 	 
	Section 7.09	Successor Trustee by Merger, etc.	25
	 	 	 
	Section 7.10	Eligibility; Disqualification.	26
	 	 	 
	Section 7.11	Preferential Collection of Claims Against Company.	26
	 	 	 
	ARTICLE 8. LEGAL DEFEASANCE AND COVENANT DEFEASANCE	26
	 	 	 
	Section 8.01	Option to Effect Legal Defeasance or Covenant Defeasance.	26

 

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	Section 8.02	Legal Defeasance and Discharge.	26
	 	 	 
	Section 8.03	Covenant Defeasance.	27
	 	 	 
	Section 8.04	Conditions to Legal or Covenant Defeasance.	27
	 	 	 
	Section 8.05	Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions.	28
	 	 	 
	Section 8.06	Repayment to Company.	28
	 	 	 
	Section 8.07	Reinstatement.	28
	 	 	 
	ARTICLE 9. AMENDMENT, SUPPLEMENT AND WAIVER	29
	 	 	 
	Section 9.01	Without Consent of Holders of Securities.	29
	 	 	 
	Section 9.02	With Consent of Holders of Securities.	30
	 	 	 
	Section 9.03	Compliance with Trust Indenture Act.	31
	 	 	 
	Section 9.04	Revocation and Effect of Consents.	31
	 	 	 
	Section 9.05	Notation on or Exchange of Securities.	31
	 	 	 
	Section 9.06	Trustee to Sign Amendments, etc.	31
	 	 	 
	Section 9.07	Effect of Supplemental Indentures.	32
	 	 	 
	ARTICLE 10. [RESERVED.]	32
	 	 	 
	ARTICLE 11. [RESERVED.]	32
	 	 	 
	ARTICLE 12. SATISFACTION AND DISCHARGE	32
	 	 	 
	Section 12.01	Satisfaction and Discharge.	32
	 	 	 
	Section 12.02	Application of Trust Money.	33
	 	 	 
	ARTICLE 13. MISCELLANEOUS	33
	 	 	 
	Section 13.01	Trust Indenture Act Controls.	33
	 	 	 
	Section 13.02	Notices.	33
	 	 	 
	Section 13.03	Communication by Holders of Securities with Other Holders of Securities.	34
	 	 	 
	Section 13.04	Certificate and Opinion as to Conditions Precedent.	34
	 	 	 
	Section 13.05	Statements Required in Certificate or Opinion.	34
	 	 	 
	Section 13.06	Rules by Trustee and Agents.	35
	 	 	 
	Section 13.07	No Personal Liability of Directors, Officers, Employees and Stockholders.	35
	 	 	 
	Section 13.08	Governing Law.	35
	 	 	 
	Section 13.09	No Adverse Interpretation of Other Agreements.	35
	 	 	 
	Section 13.10	Successors.	35
	 	 	 
	Section 13.11	Severability.	35
	 	 	 
	Section 13.12	Counterpart Originals.	35
	 	 	 
	Section 13.13	Table of Contents, Headings, etc.	35

 

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EXHIBITS

 

	Exhibit A	FORM OF SECURITY

 

 

 

 

 

 

 

 

 

 

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INDENTURE dated as of [           ] between FIESTA
RESTAURANT GROUP, INC., a Delaware corporation (the “Company”), and [            ], as trustee (the “Trustee”).

 

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

 

For and in consideration of the premises and purchase of the
Securities by the Holders (as defined herein) thereof, it is mutually covenanted and agreed, for the equal and ratable benefit
of the Holders of the Securities of each series thereof as follows:

 

ARTICLE 1.

DEFINITIONS AND INCORPORATION

BY REFERENCE

 

Section 1.01Definitions.

 

“Affiliate” of any specified Person means
any other Person, directly or indirectly, controlling or controlled by or under direct or indirect common control with such specified
Person. For the purposes of this definition, “control” when used with respect to any 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.

 

“Agent” means any Registrar, Paying Agent
or co-registrar.

 

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

 

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

 

“Board Resolution” means a copy of a resolution
duly adopted by the Board of Directors.

 

“Business Day” means each day that is not
a Legal Holiday.

 

“Capital Stock” of any Person means any and
all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated)
equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into such equity.

 

“Code” means the Internal Revenue Code of
1986, as amended.

 

“Company” means Fiesta Restaurant Group,
Inc., and any and all successors thereto.

 

“Company Order” means a written order signed
in the name of the Company by an Officer or, with respect to Sections 2.04, 2.08, 2.09, 2.12 and 9.05, any other employee of the
Company named in an Officers’ Certificate delivered to the Trustee, and delivered to the Trustee.

 

“Corporate Trust Office of the Trustee” shall
be at the address of the Trustee specified in Section 13.02 hereof or such other address as to which the Trustee may give notice
to the Company.

 

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

 

“Depositary” means, with respect to the Securities
issuable or issued in whole or in part in global form, the Person specified pursuant to Section 2.03(a) hereof as the Depositary
with respect to the Securities, and any and all successors thereto appointed as depositary hereunder and having become such pursuant
to the applicable provision of this Indenture.

 

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“Dollars” or “$” means
the lawful currency of the United States of America.

 

“Exchange Act” means the United States Securities
Exchange Act of 1934, as amended.

 

“GAAP” means generally accepted accounting
principles in the United States set forth in the opinions and pronouncements of the Accounting Principles Board of the American
Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such
other statements by such other entity as have been approved by a significant segment of the accounting profession, which are in
effect on the Issue Date.

 

“Global Security” or “Global Securities”
means any Security or Securities, as the case may be, in the form established pursuant to Section 2.02 hereof evidencing all or
a part of a series of Securities issued to the Depositary of such series or its nominee and registered in the name of such Depositary
or nominee.

 

“Government Securities” means (1) direct
obligations of the United States of America for the timely payment of which its full faith and credit is pledged, or (2) obligations
of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America, the timely
payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America.

 

“Guarantee” means any obligation, contingent
or otherwise, of any Person directly or indirectly guaranteeing any indebtedness of any other Person and any obligation, direct
or indirect, contingent or otherwise, of such Person:

 

		(1)	to purchase or pay (or advance or supply funds for the purchase or payment of) such indebtedness of such other Person (whether
arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services,
to take-or-pay or to maintain financial statement conditions or otherwise); or

 

		(2)	entered into for the purpose of assuring in any other manner the obligee of such indebtedness of the payment thereof or to
protect such obligee against loss in respect thereof (in whole or in part);

 

provided, however, that the term “Guarantee”
shall not include endorsements for collection or deposit in the ordinary course of business. The term “Guarantee”
used as a verb has a corresponding meaning.

 

“Holder” means the Person in whose name a
Security is registered on the Registrar’s books.

 

“Indenture” means this Indenture, as amended
or supplemented from time to time.

 

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

 

“Issue Date” means the date on which any
series of Securities is originally issued hereunder.

 

“Legal Holiday” means a Saturday, a Sunday
or a day on which commercial banking institutions are not required to be open in New York City.

 

“Lien” means any mortgage, pledge, security
interest, encumbrance, lien or charge of any kind (including any conditional sale or other title retention agreement or lease in
the nature thereof); provided that in no event shall an operating lease be deemed to constitute a Lien.

 

“Officer” means the Chief Executive Officer
and President, the Vice President, Chief Financial Officer and Treasurer, or any Vice President of the Company.

 

“Officers’ Certificate” means a certificate
signed by two Officers.

 

“Opinion of Counsel” means a written opinion
from legal counsel who is reasonably acceptable to the Trustee. The counsel may be an employee of or counsel to the Company or
the Trustee.

 

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

 

“Preferred Stock,” as applied to the Capital
Stock of any Person, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends
or distributions, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person,
over shares of Capital Stock of any other class of such Person.

 

“Redemption Date,” when used with respect
to any Security to be redeemed, shall mean the date specified for redemption of such Security in accordance with the terms of such
Security and this Indenture.

 

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

 

“Registered Security” means any Security
in the form (to the extent applicable thereto) established pursuant to Section 2.01 hereof which is registered on the books of
the Registrar.

 

“Regular Record Date” for the interest payable
on any Interest Payment Date on the Registered Securities of any series means the date specified for that purpose as contemplated
by Section 2.03(a) hereof.

 

“Responsible Officer,” when used with respect
to the Trustee, means any officer within the Corporate Trust Administration of the Trustee (or any successor group of the Trustee)
with direct responsibility for the administration of the Indenture or any other officer of the Trustee with direct responsibility
for the administration of the Indenture customarily performing functions similar to those performed by any of the above designated
officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred
because of his or her knowledge of and familiarity with the particular subject.

 

“Restricted Subsidiary” means any Subsidiary
of the Company that is not an Unrestricted Subsidiary.

 

“SEC” means the United States Securities
and Exchange Commission.

 

“Securities Act” means the Securities Act
of 1933, as amended.

 

“Securities” has the meaning assigned to
it in the preamble to this Indenture.

 

“Significant Subsidiary” means any Restricted
Subsidiary that would be a “Significant Subsidiary” of the Company within the meaning of Rule 1-02 under Regulation
S-X promulgated by the SEC.

 

“Special Record Date” for the payment of
any Defaulted Interest on the Registered Securities of any issue means a date fixed by the Trustee pursuant to Section 2.14 hereof.

 

“Stated Maturity” means, with respect to
any Security, the date specified in such Security as the fixed date on which the final payment of principal of such security is
due and payable, including pursuant to any mandatory redemption provisions (but excluding any provision providing for the repurchase
of such Security at the option of the Holder thereof upon the happening of any contingency unless such contingency has occurred).

 

“Subsidiary” means, with respect to any Person,
any corporation, association, partnership or other business entity of which more than 50% of the total voting power of shares of
Voting Stock is at the time owned or controlled, directly or indirectly, by:

 

		(3)	such Person;

 

		(4)	such Person and one or more Subsidiaries of such Person; or

 

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		(5)	one or more Subsidiaries of such Person.

 

“TIA” means the Trust Indenture Act of 1939
(15 U.S.C. §§ 77aaa-77bbbb) as amended.

 

“Trustee” means the party named as such above
until a successor replaces it in accordance with the applicable provisions of this Indenture and thereafter means the successor
serving hereunder.

 

[“Unrestricted Subsidiary” means [ ].]

 

“Voting Stock” of a Person means all classes
of Capital Stock of such Person then outstanding and normally entitled (without regard to the occurrence of any contingency) to
vote in the election of directors, managers or trustees thereof.

 

Section 1.02Other Definitions.

 

	Term	 	Defined in 

Section	 
	“Covenant Defeasance”	 	 	8.03	 
	“Defaulted Interest”	 	 	2.14	 
	“Defeased Securities”	 	 	8.01	 
	“Event of Default”	 	 	6.01	 
	“Legal Defeasance”	 	 	8.02	 
	“Paying Agent”	 	 	2.05	 
	“Registrar”	 	 	2.05	 
	“Successor Company”	 	 	5.01	 

 

Section 1.03Incorporation by Reference
of Trust Indenture Act.

 

Whenever this Indenture refers to a provision of the TIA, the
provision is incorporated by reference in and made a part of this Indenture.

 

The following TIA terms used in this Indenture have the following
meanings:

 

“indenture securities” means the Securities;

 

“indenture security holder” means a Holder;

 

“indenture to be qualified” means this Indenture;

 

“indenture trustee” or “institutional
trustee” means the Trustee; and

 

“obligor” on the Securities means the Company
and any successor obligor upon the Securities.

 

All other terms used in this Indenture that are defined by the
TIA, defined by TIA reference to another statute or defined by SEC rule under the TIA have the meanings so assigned to them.

 

Section 1.04Rules of Construction.

 

Unless the context otherwise requires:

 

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

 

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

 

		(c)	“or” is not exclusive;

 

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

 

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		(e)	provisions apply to successive events and transactions; and

 

		(f)	references to sections of or rules under the Securities Act shall be deemed to include substitute, replacement of successor
sections or rules adopted by the SEC from time to time.

 

ARTICLE 2.

THE SECURITIES

 

Section 2.01Form Generally.

 

The Securities of each series shall be substantially in the
form of Exhibit A hereto or in such other form as shall be established by delivery to the Trustee of an Officers’ Certificate
or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other
variations as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification
and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or as may,
consistently herewith, be determined by the Officers executing such Securities as evidenced by their execution of the Securities.

 

The certificated Securities shall be printed, lithographed or
engraved or produced by any combination of these methods or may be produced in any other manner, provided that such method
is permitted by the rules of any securities exchange on which such Securities may be listed, all as determined by the Officers
executing such Securities as evidenced by their execution of such Securities.

 

Section 2.02Securities in Global Form.

 

If Securities of a series are issuable as a Global Security,
as specified as contemplated by Section 2.03(a) hereof, then, notwithstanding clause (11) of Section 2.03(a) hereof and the provisions
of Section 2.03(b) hereof, any such Global Security shall represent such of the outstanding Securities of such series as shall
be specified therein and may provide that it shall represent the aggregate principal amount of outstanding Securities from time
to time endorsed thereon or otherwise notated on the books and records of the Registrar and that the aggregate principal amount
of outstanding Securities represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges
and redemptions. Any endorsement of a Global Security to reflect the aggregate principal amount of any increase or decrease in
the amount of outstanding Securities represented thereby shall be made by the Trustee in such manner and upon instructions given
by the Holder thereof as required by Section 2.08 hereof.

 

Global Securities may be issued in either temporary or permanent
form. Permanent Global Securities will be issued in definitive form.

 

The provisions of the last sentence of Section 2.04 hereof shall
apply to any Security represented by a Global Security if such Security was never issued and sold by the Company, and the Company
delivers to the Trustee the Security in global form together with written instructions (which need not comply with Section 13.04
or 13.05 hereof and need not be accompanied by an Opinion of Counsel) with regard to the reduction in the principal amount of Securities
represented thereby, together with the written statement contemplated by the last sentence of Section 2.04 hereof.

 

Notwithstanding the provisions of Sections 2.14 and 2.15 hereof,
unless otherwise specified as contemplated by Section 2.03(a) hereof, payment of principal of and any interest on any Global Security
shall be made to the Person or Persons specified therein.

 

None of the Company, the Trustee of such series of Securities,
any Paying Agent or Registrar will have any responsibility or liability for any aspect of the records relating to or payments made
on account of beneficial ownership interests of a Global Security or for maintaining, supervising or reviewing any records relating
to such beneficial ownership interests.

 

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Section 2.03Title and Terms.

 

		(a)	The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is                . The Securities
may be issued in one or more series. There shall be established and, subject to Section 2.04 hereof, set forth, or determined in
the manner provided, in an Officers’ Certificate or established in one or more indentures supplemental hereto, prior to the
issuances of Securities of any series, any or all of the following, as applicable:

 

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

 

		(2)	if there is to be a limit, the limit on the aggregate principal amount of the Securities of the series that may be authenticated
and delivered under this Indenture (except for Securities authenticated and delivered on registration of transfer of, or in exchange
for, or in lieu of, other Securities of the series pursuant to Section 2.08, 2.09, 2.12, 3.06 or 9.05 and except for any Securities
that, pursuant to Section 2.02 or 2.04, are deemed never to have been authenticated and delivered hereunder); provided, however,
that unless otherwise provided in the terms of the series, the authorized aggregate principal amount of that series may be increased
before or after the issuance of any Securities of the series by a Board Resolution (or action pursuant to a Board Resolution) to
that effect;

 

		(3)	whether the Securities are senior Securities or subordinated Securities and, if subordinated Securities, the subordination
provisions and the applicable definition of “Senior Indebtedness”;

 

		(4)	whether any Securities of the series are to be issuable initially in temporary global form and whether any Securities of the
series are to be issuable in permanent global form, as Global Securities or otherwise, and, if so, whether beneficial owners of
interests in any such Global Security may exchange those interests for Securities of that series and of like tenor of any authorized
form and denomination and the circumstances under which those exchanges may occur, if other than in the manner provided in Section
2.02, and the initial Depositary for any Global Security or Securities of that series;

 

		(5)	(i) if other than provided herein, the Person to whom any interest on Securities of the series shall be payable, and (ii) the
manner in which any interest payable on a temporary Global Security on any Interest Payment Date will be paid if other than in
the manner provided in Section 2.14;

 

		(6)	the date or dates on which the principal of (and premium, if any, on) the Securities of the series is payable or the method
of determination thereof;

 

		(7)	the rate or rates, or the method of determination thereof, at which the Securities of the series shall bear interest, if any,
the date or dates from which that interest shall accrue, the Interest Payment Dates on which that interest shall be payable and
the Regular Record Date for the interest payable on any Securities on any Interest Payment Date;

 

		(8)	the place or places where, subject to the provisions of Section 4.02, the principal of, premium (if any) and interest on the
Securities of the series shall be payable;

 

		(9)	the period or periods within which, the price or prices (whether denominated in cash, securities or otherwise) at which and
the terms and conditions on which Securities of the series may be redeemed, in whole or in part, at the option of the Company,
if the Company is to have that option, and the manner in which the Company may exercise any such option, if different from those
set forth herein;

 

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		(10)	the obligation, if any, of the Company to redeem, purchase or repay Securities of the series pursuant to any sinking fund or
analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices (whether
denominated in cash, securities or otherwise) at which and the terms and conditions on which Securities of the series shall be
redeemed, purchased or repaid in whole or in part pursuant to that obligation;

 

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

 

		(12)	if other than Dollars, the currency or currencies (including composite currencies) or the form, including equity securities,
other debt securities (including Securities), warrants or any other securities or property of the Company or any other Person,
in which payment of the principal of, premium (if any) and interest on the Securities of the series shall be payable;

 

		(13)	if the principal of, premium (if any) or interest on the Securities of the series are to be payable, at the election of the
Company or a Holder thereof, in a currency or currencies (including composite currencies) other than that in which the Securities
are stated to be payable, the currency or currencies (including composite currencies) in which payment of the principal of, premium
(if any) and interest on the Securities of that series as to which that election is made shall be payable, and the periods within
which and the terms and conditions on which that election is to be made;

 

		(14)	if the amount of payments of principal, premium (if any) and interest on the Securities of the series may be determined with
reference to any commodities, currencies or indices, values, rates or prices or any other index or formula, the manner in which
those amounts shall be determined;

 

		(15)	if other than the entire principal amount thereof, the portion of the principal amount of Securities of the series that shall
be payable on declaration of acceleration of the Stated Maturity thereof pursuant to Section 6.02;

 

		(16)	any additional means of satisfaction and discharge of this Indenture and any additional conditions or limitations to discharge
with respect to Securities of the series pursuant to Article 8 or Article 12 or any modifications of or deletions from those conditions
or limitations;

 

		(17)	any deletions or modifications of or additions to the Events of Default set forth in Section 6.01 or covenants of the Company
set forth in Article 4 pertaining to the Securities of the series;

 

		(18)	any restrictions or other provisions with respect to the transfer or exchange of Securities of the series, which may amend,
supplement, modify or supersede those contained in this Article 2;

 

		(19)	if the Securities of the series are to be convertible into or exchangeable for Capital Stock, other debt securities (including
Securities), warrants, other equity securities or any other securities or property of the Company or any other Person, at the option
of the Company or the Holder or on the occurrence of any condition or event, the terms and conditions for that conversion or exchange;

 

		(20)	if the Securities of the series shall have the benefits of any Guarantee and, if so, the identity of the guarantor or guarantors
and the terms and provisions applicable to any such Guarantee;

 

    7

     

    

 

		(21)	if the Securities shall be secured or unsecured and the terms and provisions applicable to any such security arrangements;
and

 

		(22)	any other terms of the series (which terms shall not be prohibited by the provisions of this Indenture).

 

All Securities of any one series shall be substantially identical
except as to denomination, the rate or rates of interest, if any, Stated Maturity, the date from which interest, if any, shall
accrue and except as may otherwise be provided in or pursuant to an Officers’ Certificate pursuant to this Section 2.03(a)
or in any indenture supplemental hereto.

 

All Securities of any one series need not be issued at the same
time and, unless otherwise provided, a series may be reopened for issuances of additional Securities of such series or for the
establishment of additional terms with respect to the Securities of such series.

 

If any of the terms of the series are established by action
taken pursuant to a Board Resolution, a copy of any appropriate record of such action shall be certified by the Secretary or an
Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate
setting forth the terms of the series.

 

		(b)	Unless otherwise provided as contemplated by Section 2.03(a) hereof with respect to any series of Securities, the Securities
of such series shall be issuable in denominations of $1,000 or integral multiples thereof.

 

Section 2.04Execution, Authentication,
Delivery and Dating.

 

Two Officers shall sign the Securities for the Company by manual
or facsimile signature. If an Officer whose signature is on a Security no longer holds that office at the time a Security is authenticated,
the Security shall nevertheless be valid.

A Security shall not be valid until authenticated by the manual
or facsimile signature of the Trustee. The signature shall be conclusive evidence that the Security has been authenticated under
this Indenture.

 

At any time and from time to time after the execution and delivery
of this Indenture (and subject to delivery of an Officers’ Certificate or a supplemental indenture as set forth in Section
2.03(a) hereof with respect to the initial issuance of Securities of any series), the Company may deliver Securities of any series
executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of
such Securities; and the Trustee in accordance with such Company Order shall authenticate and deliver such Securities. If the forms
or terms of the Securities of the series have been established in or pursuant to one or more Officers’ Certificates as permitted
by Sections 2.01 and 2.03(a) hereof, 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 shall be fully protected in relying upon,
an Opinion of Counsel stating:

 

		(a)	that the form or forms and terms of such Securities have been duly authorized by the Company and established in conformity
with the provisions of this Indenture; and

 

		(b)	that such Securities when authenticated and delivered by the Trustee or its authenticating agent and issued by the Company
in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute legal, valid and binding obligations
of the Company, enforceable in accordance with their terms, subject to customary qualifications and exceptions, including enforceability
exceptions.

 

Notwithstanding the provisions of Section 2.03(a) hereof and
of the preceding paragraph, if all Securities of a series are not to be originally issued at one time, it shall not be necessary
to deliver the Officers’ Certificate or supplemental indenture otherwise required pursuant to Section 2.03(a) hereof and
the Opinion of Counsel required by the preceding paragraph 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.

 

    8

     

    

 

Each Security shall be dated the date of its authentication.

 

No Security shall be entitled to any benefit under this Indenture
or be valid or obligatory for any purpose unless there appears on such Security a certificate of authentication substantially in
the form provided for herein duly executed by the Trustee by manual signature of an authorized signatory, and such certificate
upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered
hereunder. The Trustee’s certificate of authentication shall be in substantially the following form:

 

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

 

[                                   ],

 

as Trustee

 

	By:	 	 
	 	Authorized Officer	 

 

Notwithstanding the foregoing, if any Security 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 2.13 hereof together with a written statement (which need not comply with
Section 13.04 or 13.05 hereof and need not be accompanied by an Opinion of Counsel) stating that such Security 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 2.05Registrar and Paying Agent.

 

The Company shall maintain, with respect to each series of Securities,
an office or agency where such Securities may be presented for registration of transfer or for exchange (“Registrar”)
and an office or agency where Securities may be presented for payment (“Paying Agent”). The Registrar shall
keep a register of the Securities and of their transfer and exchange. The Company may appoint one or more co-registrars and one
or more additional paying agents. 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 without notice to any Holder. The Company
shall notify the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Company fails to
appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Company or any of its Subsidiaries
may act as Paying Agent or Registrar.

 

The Company initially appoints the Trustee to act as the Registrar
and Paying Agent.

 

Section 2.06Paying Agent to Hold Money
in Trust.

 

The Company shall require each Paying Agent other than the Trustee
to agree in writing that the Paying Agent will hold in trust for the benefit of holders of Securities of any series or the Trustee
all money held by the Paying Agent for the payment of principal, premium, if any, or interest on such series of Securities, and
will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee
may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay
all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary)
shall have no further liability for the money. If the Company or a Subsidiary acts as Paying Agent, it shall segregate and hold
in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization
proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Securities.

 

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Section 2.07Holder Lists.

 

The Trustee shall preserve in as current a form as is reasonably
practicable the most recent list available to it of the names and addresses of all Holders of each series of Securities and shall
otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Company shall 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 such
series of Securities and the Company shall otherwise comply with TIA § 312(a).

 

Section 2.08Registration, Registration
of Transfer and Exchange.

 

Upon surrender for registration of transfer of any Securities
of a series at an office or agency of the Company designated pursuant to Section 4.02 hereof for such purpose, the Company shall
execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new
Securities of the same series of any authorized denominations, of a like aggregate principal amount. The Company shall not charge
a service charge for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to pay all
taxes, assessments or other governmental charges that may be imposed in connection with the transfer or exchange of the Securities
from the Holder requesting such transfer or exchange (other than any exchange of a temporary Security for a permanent Security
not involving any change in ownership or any exchange pursuant to Section 2.12, 3.06 or 9.05 hereof, not involving any transfer).

 

Notwithstanding any other provisions (other than the provisions
set forth in the fourth and fifth paragraphs) of this Section 2.08, 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.

 

At the option of the holder of Securities of any series, Securities
of such series may be exchanged for other Securities of the same series of any authorized denomination or denominations of a like
aggregate principal amount and tenor, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities
are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities which
the Holder making the exchange is entitled to receive.

 

Unless otherwise specified as contemplated by Section 2.03(a)
hereof, if the Securities of any series shall have been issued in the form of one or more Global Securities, such series of Securities
in global form will be exchanged for Securities of such series in certificated form only if (i) the Depositary for the Securities
of such 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 ceases to be a clearing agency registered under the Exchange Act and the Company fails within
90 days thereafter to appoint a successor Depositary, (ii) the Company in its sole discretion determines that the Securities of
such series shall no longer be represented by such Global

 

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Security or Securities or (iii) a Default with respect to the
Securities of such series shall have occurred and be continuing. In any such event the Company will execute, and the Trustee, upon
receipt of a Company Order for the authentication and delivery of certificated Securities of such series, will authenticate and
deliver Securities of such series in certificated form and in an aggregate principal amount equal to the principal amount of the
Security or Securities in global form representing such series in exchange for such Security or Securities in global form. In any
such instance, an owner of a beneficial interest in either Global Security will be entitled to physical delivery in certificated
form equal in principal amount to such beneficial interest and to have such Securities registered in its name. Securities so issued
in certificated form will be issued in denominations of $1,000 or any larger amount that is an integral multiple thereof, and will
be issued in registered form only, without coupons.

 

Notwithstanding the foregoing, except as otherwise specified
in the preceding paragraph or as contemplated by Section 2.03(a) hereof, any Global Security shall be exchangeable only as
provided in this paragraph. If the beneficial owners of interests in a Global Security are entitled to exchange such interests
for certificated Securities of such series and of like principal amount and tenor but of another authorized form and denomination,
as specified as contemplated by Section 2.03(a) hereof, then without unnecessary delay but in any event not later than the
earliest date on which such interests may be so exchanged, the Company shall deliver to the Trustee certificated Securities in
aggregate principal amount equal to the principal amount of such Global Security, executed by the Company. On or after the earliest
date on which such interests may be so exchanged, such Global Security shall be surrendered by the Depositary with respect thereto
to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or from time to time in part, for certificated
Securities without charge and the Trustee shall authenticate and deliver, in exchange for each portion of such Global Security,
an equal aggregate principal amount of certificated Securities of the same series of authorized denominations and of like tenor
as the portion of such Global Security to be exchanged which shall be in the form of Securities, or any combination thereof, as
shall be specified by the beneficial owner thereof; provided, however, that notwithstanding the last paragraph of
this Section 2.08, no such exchanges may occur during a period beginning at the opening of business 15 days before any selection
of Securities of that series to be redeemed and ending on the relevant Redemption Date. If a Registered Security is issued in exchange
for any portion of a Global Security after the close of business at the office or agency where such exchange occurs on (i) any
Regular Record Date and before the opening of business at such office or agency on the relevant Interest Payment Date, or (ii) any
Special Record Date and before the opening of business at such office or agency on the related proposed date for payment of Defaulted
Interest (as defined herein), interest or Defaulted Interest, as the case may be, will not be payable on such Interest Payment
Date or proposed date for payment, as the case may be, in respect of such Security, but will be payable on such Interest Payment
Date or proposed date for payment, as the case may be, only to the Person to whom interest in respect of such portion of such Global
Security is payable in accordance with the provisions of this Indenture.

 

Upon the exchange of a Security in global form for Securities
in certificated form, such Security in global form shall be cancelled by the Trustee. All cancelled Securities held by the Trustee
shall be destroyed by the Trustee and a certificate of their destruction delivered to the Company. Securities issued in exchange
for a Security in global form pursuant to this Section 2.08 hereof shall be registered in such names and in such authorized denominations
as the Depositary for such Security in global form, pursuant to instructions from its direct or indirect participants or otherwise,
shall instruct the Trustee in writing. The Trustee shall deliver such Securities as instructed in writing by the Depositary.

 

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

 

Every Security presented or surrendered for registration of
transfer or for exchange shall be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to
the Company and the Registrar duly executed, by the Holder thereof or his attorney duly authorized in writing.

 

The Company shall not be required (i) to issue, register the
transfer of or exchange any Securities of any series during a period beginning at the opening of 15 Business Days before any selection
of Securities of such series to be redeemed and ending at the close of business on the day of the mailing of the relevant notice
of redemption or (ii) to register the transfer of or exchange any Security of any series so selected for redemption, in whole or
in part, except the unredeemed portion of any Security being redeemed in part.

 

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Section 2.09Replacement Securities.

 

If any mutilated Security is surrendered to the Trustee or the
Company and the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Security, the Company shall
issue and the Trustee, upon receipt of a Company Order, shall authenticate a replacement Security if the Trustee’s requirements
are met. If required by the Trustee or the Company, an indemnity bond must be supplied by the Holder that is sufficient in the
judgment of the Trustee and the Company to protect the Company, the Trustee, any Agent and any authenticating agent from any loss
that any of them may suffer if a Security is replaced. The Company may charge for its expenses in replacing a Security.

 

Every replacement Security is an additional obligation of the
Company and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Securities duly
issued hereunder.

 

Section 2.10Outstanding Securities.

 

The Securities of any series outstanding at any time are all
the Securities of such series authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation,
those reductions in the interest in a Global Security effected by the Trustee in accordance with the provisions hereof, and those
described in this Section as not outstanding. Except as set forth in Section 2.11 hereof, a Security does not cease to be outstanding
because the Company or an Affiliate of the Company holds the Security. Subject to the foregoing, only Securities outstanding at
the time of such determination shall be considered in any such determination (including, without limitation, determinations pursuant
to Articles 6 and 9 hereof). In addition, in determining whether the Holders of the requisite principal amount of outstanding Securities
have given or concurred in any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount
of a Security denominated in a foreign currency or currencies shall be the dollar equivalent, as determined on the date of original
issuance of such Security, of the principal amount of such Security.

 

If a Security is replaced pursuant to Section 2.09 hereof, it
ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Security is held by a bona fide
purchaser.

 

If the principal amount of any Security is considered paid under
Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue.

 

If the Paying Agent (other than the Company, a Subsidiary or
an Affiliate of any thereof) holds, on a Redemption Date or maturity date, money sufficient to pay Securities payable on that date,
then on and after that date such Securities shall be deemed to be no longer outstanding and shall cease to accrue interest.

 

Section 2.11Treasury Securities.

 

In determining whether the Holders of the required principal
amount of Securities of any series have concurred in any direction, waiver or consent, Securities of such series owned by the Company,
or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company,
shall be considered as though not outstanding, except that for the purposes of determining whether the Trustee shall be protected
in relying on any such direction, waiver or consent, only Securities of that series that the Trustee knows are so owned shall be
so disregarded.

 

Section 2.12Temporary Securities.

 

Until certificates representing Securities of any series are
ready for delivery, the Company may prepare and the Trustee, upon receipt of a Company Order, shall authenticate temporary Securities.
Temporary Securities shall be substantially in the form of certificated Securities but may have variations that the Company considers
appropriate for temporary Securities and as shall be reasonably acceptable to the Trustee. Without unreasonable delay, the Company
shall prepare and the Trustee shall authenticate definitive Securities of the same series in exchange for temporary Securities.

 

Holders of temporary Securities of any series shall be entitled
to all of the benefits of this Indenture as permanent Securities of the same series.

 

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Section 2.13Cancellation.

 

The Company at any time may deliver Securities to the Trustee
for cancellation. The Registrar and Paying Agent shall forward to the Trustee any Securities surrendered to them for registration
of transfer, exchange or payment. The Trustee and no one else shall cancel all Securities surrendered for registration of transfer,
exchange, payment, replacement or cancellation and shall destroy canceled Securities (subject to the record retention requirements
of the Exchange Act). Certification of the destruction of all canceled Securities shall be delivered to the Company. The Company
may not issue new Securities to replace Securities that it has paid or that have been delivered to the Trustee for cancellation.

 

Section 2.14Payment of Interest.

 

Unless otherwise provided as contemplated by Section 2.03(a)
hereof with respect to any series of Securities, interest on any Security which is payable, and is punctually paid or duly provided
for, on any Interest Payment Date shall be paid to the person in whose name that Security (or one or more predecessor Securities)
is registered at the close of business on the Regular Record Date for such interest.

 

If the Company defaults in a payment of interest on the Securities
of any series which is payable (“Defaulted Interest”), it shall pay the Defaulted Interest in any lawful manner
plus, to the extent lawful, interest payable on the Defaulted Interest, to the Persons who are Holders of the series on a subsequent
Special Record Date, in each case at the rate provided in the Securities of that series and in Section 4.01 hereof. The Company
shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Securities of a series and
the date of the proposed payment. The Company shall fix or cause to be fixed each such Special Record Date and payment date, provided
that no such Special Record Date shall be less than 10 days prior to the related payment date for such Defaulted Interest. At least
15 days before the Special Record Date, the Company (or, upon the written request of the Company, the Trustee in the name and at
the expense of the Company) shall mail or cause to be mailed to Holders of the series a notice that states the Special Record Date,
the related payment date and the amount of such interest to be paid.

 

Subject to the foregoing provisions of this Section 2.14 and
Section 2.08 hereof, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu
of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security.

 

Section 2.15Persons Deemed Owners.

 

Prior to due presentment of a Security for registration of transfer,
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 and (except as otherwise specified as contemplated
by Section 2.03(a) hereof and subject to Sections 2.08 and 2.14 hereof) interest on such Security and for all other purposes whatsoever,
whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall
be affected by notice to the contrary.

 

None of the Company, the Trustee, any Paying Agent or the Registrar
will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership
interests of a Security in global form or for maintaining, supervising or reviewing any records relating to such beneficial ownership
interests.

 

Section 2.16Computation of Interest.

 

Except as otherwise specified as contemplated by Section 2.03(a)
hereof for Securities of any series, (i) interest on any Securities which bear interest at a fixed rate shall be computed on the
basis of a 360-day year comprised of twelve 30-day months and (ii) interest on any Securities which bear interest at a variable
rate shall be computed on the basis of the actual number of days in an interest period divided by 360.

 

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Section 2.17CUSIP Numbers.

 

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

 

ARTICLE 3.

REDEMPTION AND PREPAYMENT

 

Section 3.01Right to Redeem; Notices
to Trustee.

 

Securities of any series which are redeemable before their Stated
Maturity shall be redeemable in accordance with their terms and (except as otherwise specified as contemplated by Section 2.03(a)
hereof for Securities of any series) in accordance with this Article 3. If the Company elects to redeem Securities of any series,
it shall furnish to the Trustee, at least 30 days (or such shorter period as may be acceptable to the Trustee) but not more than
60 days before a Redemption Date, an Officers’ Certificate setting forth (i) the clause of this Indenture pursuant to which
the redemption shall occur, (ii) the Redemption Date, (iii) the principal amount of Securities of such series to be redeemed, (iv)
any other information necessary to identify the Securities of such series to be redeemed and (v) the Redemption Price.

 

Section 3.02Selection of Securities
to Be Redeemed.

 

Unless otherwise specified as contemplated by Section 2.03(a)
hereof with respect to any series of Securities, if less than all of the Securities of a series are to be redeemed or purchased
in an offer to repurchase at any time, the Trustee will select the Securities to be redeemed or purchased among the Holders of
the Securities of that Series in compliance with the requirements of the principal national securities exchange, if any, on which
the Securities are listed or, if the Securities are not so listed, on a pro rata basis, by lot or in accordance with any other
method the Trustee in its sole discretion shall deem to be fair and appropriate. In the event of partial redemption by lot, the
particular Securities to be redeemed shall be selected, unless otherwise provided herein, not less than 30 nor more than 60 days
prior to the Redemption Date by the Trustee from the outstanding Securities not previously called for redemption.

 

The Trustee shall promptly notify the Company in writing of
the Securities selected for redemption and, in the case of any Security selected for partial redemption, the principal amount thereof
to be redeemed. Unless otherwise specified as contemplated by Section 2.03(a) hereof, Securities and portions of Securities selected
will be in amounts of $1,000 or whole multiples of $1,000. Except as provided in the preceding sentence, provisions of this Indenture
that apply to Securities called for redemption also apply to portions of Securities called for redemption.

 

Section 3.03Notice of Redemption to
Holders.

 

Unless otherwise specified as contemplated by Section 2.03(a)
hereof with respect to any series of Securities, at least 30 days but not more than 60 days before a Redemption Date, the Company
shall mail or cause to be mailed a notice of redemption to each Holder whose Securities are to be redeemed at its registered address.

 

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

 

		(a)	the Redemption Date;

 

		(b)	the Redemption Price;

 

		(c)	if less than all the outstanding Securities of any series are to be redeemed, the identification (and in the case of partial
redemption, the principal amount) of the particular Security to be redeemed;

 

		(d)	that, after the Redemption Date upon surrender of such Security, a new Security or Securities in principal amount equal to
the unredeemed portion shall be issued upon cancellation of the original Security;

 

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

 

		(f)	that Securities called for redemption must be surrendered to the Paying Agent to collect the Redemption Price;

 

		(g)	that, unless the Company defaults in making such redemption payment, interest, if any, on Securities called for redemption
ceases to accrue on and after the Redemption Date;

 

		(h)	the paragraph of the Securities and/or Section of this Indenture pursuant to which the Securities called for redemption are
being redeemed;

 

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

 

		(j)	that no representation is made as to the correctness or accuracy of the CUSIP number, if any, listed in such notice or printed
on the Securities.

 

At the Company’s request, the Trustee shall give the notice
of redemption in the Company’s name and at its expense; provided, however, that the Company shall have delivered to the Trustee,
at least 35 days prior to the Redemption Date (or such shorter period as may be acceptable to the Trustee), an Officers’
Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided
in the preceding paragraph.

 

Notwithstanding the foregoing, a redemption notice may be mailed
more than 60 days prior to the Redemption Date if the notice is issued in connection with a defeasance of the Securities or satisfaction
and discharge of this Indenture.

 

Section 3.04Effect of Notice of Redemption.

 

Once notice of redemption is mailed in accordance with Section
3.03 hereof, Securities called for redemption become irrevocably due and payable on the Redemption Date at the Redemption Price;
provided, that a notice of redemption may specify that the redemption provided for therein is conditional upon the satisfaction
of one or more conditions precedent, including the completion of any merger, acquisition or financing transaction.

 

Section 3.05Deposit of Redemption Price.

 

Prior to 12:00 noon (Eastern Standard Time) on the Redemption
Date, the Company shall deposit with the Trustee or with the Paying Agent money sufficient to pay the Redemption Price of and accrued
interest on all Securities of a series to be redeemed on that date. The Trustee or the Paying Agent shall promptly return to the
Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the Redemption
Price of, and accrued interest on, all Securities to be redeemed.

 

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If the Company complies with the provisions of the preceding
paragraph, on and after the Redemption Date, interest shall cease to accrue on the Securities or the portions of Securities called
for redemption. If a Security is redeemed on or after a Regular Record Date but on or prior to the related Interest Payment Date,
then any accrued and unpaid interest shall be paid to the Person in whose name such Security was registered at the close of business
on such Regular Record Date. If any Security called for redemption shall not be so paid upon surrender for redemption because of
the failure of the Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal from the Redemption
Date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at
the rate provided in the Securities and in Section 4.01 hereof.

 

Section 3.06Securities Redeemed in
Part.

 

Upon surrender of a Security that is redeemed in part, the Company
shall issue and, upon the Company’s written request, the Trustee shall authenticate for the Holder at the expense of the
Company a new Security equal in principal amount to the unredeemed portion of the Security surrendered.

 

ARTICLE 4.

COVENANTS

 

Section 4.01Payment of Securities.

 

The Company shall pay or cause to be paid the principal of,
premium, if any, and interest on the Securities on the dates and in the manner provided in the Securities. Principal, premium,
if any, and interest shall be considered paid on the date due if the Paying Agent, if other than the Company or a Subsidiary thereof,
holds as of 12:00 p.m. ( noon) Eastern Standard Time on the due date money deposited by the Company in immediately available funds
and designated for and sufficient to pay all principal, premium, if any, and interest then due.

 

Section 4.02Maintenance of Office or
Agency.

 

The Company shall maintain in each place of payment for any
series of Securities an office or agency (which may be an office of the Trustee or an affiliate of the Trustee, Registrar or co-registrar)
where Securities of a series may be surrendered for registration of transfer or for exchange and where notices and demands to or
upon the Company in respect of the Securities of such series and this Indenture may be served. The Company shall give prompt written
notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall
fail to maintain any such required office or 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.

 

The Company also may from time to time designate one or more
other offices or agencies where the Securities of a series may be presented or surrendered for any or all such purposes and may
from time to time rescind such designations; provided, however, that no such designation or rescission shall in any
manner relieve the Company of its obligation to maintain an office or agency in each place of payment for Securities of any series
for such purposes. The Company shall 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.

 

With respect to any Global Security, and except as otherwise
may be specified for such Global Security as contemplated by Section 2.03(a) hereof, the Corporate Trust Office for the Trustee
shall be the place of payment where such Global Security may be presented or surrendered for payment or for registration of transfer
or exchange, or where successor Securities may be delivered in exchange therefore, provided, however, that any such
payment, presentation, surrender or delivery effected pursuant to the procedures of the Depositary for such Global Security shall
be deemed to have been effected at the place of payment for such Global Security in accordance with the provisions of this Indenture.

 

The Company hereby designates the Corporate Trust Office of
the Trustee as one such office or agency of the Company in accordance with Section 2.04 hereof.

 

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Section 4.03[Reserved.]

 

Section 4.04Compliance Certificate.

 

The Company shall deliver to the Trustee within 120 days after
the end of each fiscal year of the Company following the Issue Date a brief certificate from the principal executive officer, principal
financial officer or principal accounting officer as to his or her knowledge of the Company’s compliance with all conditions
and covenants under this Indenture.

 

ARTICLE 5.

SUCCESSORS

 

Section 5.01Merger, Consolidation,
or Sale of Assets.

 

Unless otherwise specified as contemplated by Section 2.03(a)
hereof, the Company will not, consolidate with or merge with or into or convey, transfer or lease, in one transaction or a series
of transactions, directly or indirectly, all or substantially all of its assets to, any Person; unless:

 

		(1)	the resulting, surviving or transferee Person (the “Successor Company”) shall be a Person organized and
existing under the laws of the United States, any State thereof, the District of Columbia or any territory thereof and the Successor
Company (if not the Company) shall expressly assume, by an indenture supplemental thereto, executed and delivered to the trustee,
in form reasonably satisfactory to the trustee, all of the obligations of the Company under the Securities and this Indenture provided
that in the case where the Successor Company is not a corporation, a co-obligor of the Securities is a corporation;

 

		(2)	immediately after giving pro forma effect to such transaction, no Default or Event of Default shall have occurred and be continuing;
and

 

		(3)	the Successor Company (if other than the Company) shall have delivered to the trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and such supplemental indenture
(if any) comply with the indenture.

 

For purposes of this covenant, the conveyance, transfer or lease
of all or substantially all of the assets of one or more Subsidiaries of the Company, which assets, if held by the Company instead
of such Subsidiaries, would constitute all or substantially all of the assets of the Company on a consolidated basis, shall be
deemed to be the conveyance, transfer or lease, as applicable, of all or substantially all of the assets of the Company.

 

Notwithstanding the foregoing clause (2) of this Section 5.01,
(A) any Restricted Subsidiary may merge, consolidate or amalgamate with or transfer all or part of its properties and assets to
the Company, and (B) the Company may merge, consolidate or amalgamate with an Affiliate incorporated solely for the purpose of
reincorporating the Issuer in another state of the United States, the District of Columbia or any territory of the United States
or may convert into a limited liability company, so long as the amount of indebtedness of the Company and its Restricted Subsidiaries
is not increased thereby. This Article 5 will not apply to a transfer, conveyance or lease of assets between or among the Company
and its Restricted Subsidiaries.

 

Section 5.02Successor Company Substituted.

 

Upon any consolidation or merger, or any conveyance, transfer
or lease in accordance with the provisions of Section 5.01 hereof, the Successor Company formed by such consolidation or into which
the Company is merged or to which such conveyance, transfer or lease is made, shall succeed to, and be substituted for, and may
exercise every right and power of, the Company under this Indenture with the same effect as if such Successor Company had been
named as the Company therein. When a Successor Company assumes all the obligations of its predecessor under this Indenture and
the Securities following a consolidation or merger, or any conveyance, transfer or lease of the assets of the predecessor in accordance
with the foregoing provisions, the predecessor, except in the case of a lease, shall be released from the obligations to pay the
principal of and interest on the Securities.

 

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ARTICLE 6.

DEFAULTS AND REMEDIES

 

Section 6.01Events of Default.

 

Unless otherwise specified as contemplated by Section 2.03(a)
hereof with respect to any series of Securities, an “Event of Default” occurs, with respect to each series of Securities
individually, if:

 

		(a)	the Company defaults in the payment when due of interest on the Securities of such series and such default continues for a
period of 30 days;

 

		(b)	the Company defaults in the payment when due of principal of or premium, if any, on the Securities of such series when the
same becomes due and payable at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration of acceleration
or otherwise;

 

		(c)	the Company fails to comply with any of the provisions of Section 5.01 hereof;

 

		(d)	the Company fails to observe or perform any other covenant or other agreement in this Indenture applicable to such series of
Securities or the Securities of such series for 60 days after notice to the Company by the Trustee or the Holders of at least 25%
in aggregate principal amount of the Securities of such series then outstanding voting as a single class;

 

		(e)	the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary, pursuant to or within the meaning of Bankruptcy
Law:

 

		(i)	commences a voluntary case,

 

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

 

		(iii)	consents to the appointment of a custodian of it or for all or substantially all of its assets, or

 

		(iv)	makes a general assignment for the benefit of its creditors;

 

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

 

		(i)	is for relief against the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary in an involuntary
case;

 

		(ii)	appoints a custodian of the Company or any of its Restricted Subsidiaries or for all or substantially all of the assets of
the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary; or

 

		(iii)	orders the liquidation of the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary;

 

and the order or decree remains unstayed and in effect for 60
consecutive days; or

 

		(g)	any other Event of Default provided with respect to the Securities of that series, which is specified in a supplemental indenture
hereto or an Officers’ Certificate, in accordance with Section 2.03(a) hereof.

 

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Section 6.02Acceleration.

 

If any Event of Default (other than an Event of Default specified
in clause (e) or (f) of Section 6.01 hereof with respect to the Company or any of its Restricted Subsidiaries that is a Significant
Subsidiary) occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding Securities
of that series may declare the principal of and accrued but unpaid interest on all the Securities of that series to be due and
payable immediately. Upon any such declaration, the Securities of that series shall become due and payable immediately. Notwithstanding
the foregoing, if an Event of Default specified in clause (e) or (f) of Section 6.01 hereof occurs and is continuing with respect
to the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary, the principal of and interest on all outstanding
Securities of that series shall be ipso facto immediately due and payable without any declaration or other act on the part of the
Trustee or any Holders of the Securities. The Holders of a majority in aggregate principal amount of the then outstanding Securities
of a series by written notice to the Trustee may on behalf of all of the Holders of such series of Securities rescind an acceleration
and its consequences if all existing Events of Default (except nonpayment of principal, interest or premium that has become due
solely because of the acceleration) have been cured or waived.

 

Section 6.03Other Remedies.

 

If an Event of Default with respect to a series of Securities
occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal, premium, if any, and
interest on the Securities of such series or to enforce the performance of any provision of the Securities of such series or this
Indenture.

 

The Trustee may maintain a proceeding even if it does not possess
any of the Securities of a series or does not produce any of them in the proceeding. A delay or omission by the Trustee or any
Holder of a Security of such series in exercising any right or remedy accruing upon an Event of Default shall not impair the right
or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are cumulative to the extent permitted
by law.

 

Section 6.04Waiver of Past Defaults.

 

Holders of not less than a majority in aggregate principal amount
of the then outstanding Securities of a series by notice to the Trustee may on behalf of the Holders of all of the Securities of
such series waive an existing Default or Event of Default and its consequences hereunder, except a continuing Default or Event
of Default in the payment of the principal of, premium, if any, or interest on, the Securities of that series (including in connection
with an offer to repurchase) (provided, however, that pursuant to Section 6.02 of this Indenture the Holders of a majority in aggregate
principal amount of the then outstanding Securities of a series may rescind an acceleration and its consequences, including any
related payment default that resulted from such acceleration). Upon any such waiver, such Default shall cease to exist, and any
Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall
extend to any subsequent or other Default or impair any right consequent thereon.

 

Section 6.05Control by Majority.

 

Holders of a majority in principal amount of the then outstanding
Securities of any series may direct the time, method and place of conducting any proceeding for exercising any remedy available
to the Trustee or exercising any trust or power conferred on the Trustee. However, the Trustee may refuse to follow any direction
that conflicts with law or this Indenture or that the Trustee determines may be unduly prejudicial to the rights of other Holders
of such Securities or that may involve the Trustee in personal liability.

 

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Section 6.06Limitation on Suits.

 

Except to enforce the right to receive payment of principal,
premium (if any) or interest when due, no Holder of any Security of any series may pursue a remedy with respect to this Indenture
or such series of Securities unless:

 

		(a)	the Holder of a Security of such series has previously given the Trustee written notice of a continuing Event of Default;

 

		(b)	the Holders of at least 25% in principal amount of the then outstanding Securities of such series make a written request to
the Trustee to pursue the remedy;

 

		(c)	the Holder of a Security of such series or Holders of Securities of such series offer and, if accepted, provide to the Trustee
reasonable security or indemnity satisfactory to the Trustee against any loss, liability or expense;

 

		(d)	the Trustee does not comply with the request within 60 days after receipt of the request and the offer of security or indemnity;
and

 

		(e)	during such 60-day period the Holders of a majority in principal amount of the then outstanding Securities of such series do
not give the Trustee a direction inconsistent with the request.

 

A Holder of any Security may not use this Indenture to prejudice
the rights of another Holder or to obtain a preference or priority over another Holder.

 

Section 6.07Rights of Holders of Securities
to Receive Payment and Convert.

 

Notwithstanding any other provision of this Indenture, the Holder
of any Security shall have the right to receive payment of principal of, premium, if any, and interest on such Security, on or
after the respective due dates expressed in such Security (including in connection with an offer to repurchase), or to bring suit
for the enforcement of any such payment on or after such respective dates shall not be impaired or affected without the consent
of such Holder.

 

Section 6.08Collection Suit by Trustee.

 

If an Event of Default specified in Section 6.01(a) or (b) hereof
occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against
the Company for the whole amount of principal of, premium, if any, and interest remaining unpaid on the Securities of any series
and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the
costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents and counsel.

 

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Section 6.09Trustee May File Proofs
of Claim.

 

The Trustee is authorized to file such proofs of claim and other
papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders of the Securities of
any series allowed in any judicial proceedings relative to the Company (or any other obligor upon the Securities of that series),
its creditors or its property and shall be entitled and empowered to collect, receive and distribute any money or other property
payable or deliverable on any such claims and any custodian 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 7.07 hereof. To the extent that the payment
of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due
the Trustee under Section 7.07 hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the
same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other
properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization
or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept
or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or
the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

 

Section 6.10Priorities.

 

If the Trustee collects any money pursuant to this Article 6,
it shall pay out the money in the following order:

 

First: to the Trustee, its agents and attorneys for amounts
due under Section 7.07 hereof, including payment of all compensation, expense and liabilities incurred, and all advances made,
by the Trustee and the costs and expenses of collection;

 

Second: to Holders of Securities for amounts due and
unpaid on the Securities of any series for principal, premium, if any, and interest, ratably, without preference or priority of
any kind, according to the amounts due and payable on the Securities of that series for principal, premium, if any and interest,
respectively; and

 

Third: to the Company or to such party as a court of
competent jurisdiction shall direct.

 

The Trustee may fix a record date and payment date for any payment
to Holders of Securities pursuant to this Section 6.10.

 

Section 6.11Undertaking for Costs.

 

In any suit for the enforcement of any right or remedy under
this Indenture or in any suit against the Trustee for any action taken or omitted by it as a Trustee, a court in its discretion
may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion
may assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in the suit, having due regard
to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by
the Trustee, a suit by a Holder of a Security of any series pursuant to Section 6.07 hereof, or a suit by Holders of more than
10% in principal amount of the then outstanding Securities of any series.

 

ARTICLE 7.

TRUSTEE

 

Section 7.01Duties of Trustee.

 

		(a)	If an Event of Default with respect to the Securities of any series has occurred and is continuing, the Trustee shall exercise
such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent
person would exercise or use under the circumstances in the conduct of such person’s own affairs. Other than with respect
to an Event of Default in the payment when due of interest or an Event of Default in the payment when due of principal of or premium,
the Trustee shall not be deemed to have knowledge of Events of Default unless a Responsible Officer has actual knowledge or receives
written notice of such Event of Default in accordance with Section 13.02 and such notice references the Securities and this Indenture.

 

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		(b)	With respect to the Securities of any series, except during the continuance of an Event of Default with respect to Securities
of such series:

 

		(i)	the duties of the Trustee shall be determined solely by the express provisions of this Indenture and the Trustee need perform
only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall
be read into this Indenture against the Trustee (it being agreed that the permissive right of the Trustee to do things enumerated
in this Indenture shall not be construed as a duty); and

 

		(ii)	in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness
of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of
this Indenture. However, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the
requirements of this Indenture.

 

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

 

		(i)	this paragraph does not limit the effect of paragraph (b) of this Section 7.01;

 

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

 

		(iii)	the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction
received by it pursuant to Section 6.05 hereof.

 

		(d)	Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject
to paragraphs (a), (b), and (c) of this Section 7.01.

 

		(e)	No provision of this Indenture shall require the Trustee to expend or risk its own funds or incur any liability. The Trustee
shall be under no obligation to exercise any of its rights and powers under this Indenture at the request of any Holders, unless
such Holder shall have offered to the Trustee reasonable security or indemnity satisfactory to it against any loss, liability or
expense and then only to the extent required by the terms of this Indenture.

 

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

 

Section 7.02Rights of Trustee.

 

		(a)	The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by the
proper Person. The Trustee need not investigate any fact or matter stated in the document.

 

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

 

		(c)	The Trustee may consult with counsel of its own selection and the advice or opinion of such counsel with respect to legal matters
relating to this Indenture and the Securities shall be full and complete authorization and protection from liability in respect
of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

 

		(d)	The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent
appointed with due care.

 

		(e)	The Trustee shall not be liable for any action it takes or omits to take in good faith that it believes to be authorized or
within the rights or powers conferred upon it by this Indenture.

 

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		(f)	Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company shall be
sufficient if signed by an Officer of the Company.

 

		(g)	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 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.

 

		(h)	The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right
to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent,
custodian and other Person employed to act hereunder.

 

		(i)	The Trustee shall not be liable for any action taken or omitted by it in good faith at the direction of the Holders of not
less than a majority in principal amount of the Securities as to the time, method and place of conducting any proceedings for any
remedy available to the Trustee or the exercising of any power conferred by this Indenture.

 

		(j)	Any action taken, or omitted to be taken, by the Trustee in good faith pursuant to this Indenture upon the request or authority
or consent of any Person who, at the time of making such request or giving such authority or consent, is the Holder of any Security
shall be conclusive and binding upon future Holders of Securities and upon Securities executed and delivered in exchange therefor
or in place thereof.

 

		(k)	In no event shall the Trustee be responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever
(including, but not limited to, lost profits) irrespective of whether the Trustee has been advised of the likelihood of such loss
or damage and regardless of the form of action.

 

		(l)	In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder
arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages,
accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions,
loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee
shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon
as practicable under the circumstances.

 

Section 7.03Individual Rights of Trustee.

 

The Trustee in its individual or any other capacity may become
the owner or pledgee of Securities and may otherwise deal with the Company or any Affiliate of the Company with the same rights
it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest, it must either
eliminate such conflict within 90 days, apply to the SEC for permission to continue as Trustee or resign. Any Agent may do the
same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

 

Section 7.04Trustee’s Disclaimer.

 

The Trustee shall not be responsible for and makes no representation
as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the Company’s use of
the proceeds from the Securities or any money paid to the Company or upon the Company’s direction under any provision of
this Indenture, it shall not be responsible for the use or application of any money received by any Paying Agent other than the
Trustee, and it shall not be responsible for any statement or recital herein or any statement in the Securities or any other document
in connection with the sale of the Securities or pursuant to this Indenture other than its certificate of authentication.

 

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Section 7.05Notice of Defaults.

 

If a Default occurs and is continuing with respect to a series
of Securities and the Trustee has notice of such Default as described in Section 7.01(a) hereof, the Trustee shall mail to holders
of Securities of such series a notice of the Default within 90 days after it occurs; provided, however, that in any event the Trustee
shall not be required to mail such notice until 10 days after a Responsible Officer of the Trustee receives notice of such Default
as described in Section 7.01(a) hereof of such Default. Except in the case of a Default or Event of Default in payment of principal
of, premium, if any, or interest on any Security, the Trustee may withhold the notice if and so long as a committee of its Responsible
Officers in good faith determines that withholding the notice is in the best interests of the Holders of the Securities. In addition,
the Company is required to deliver to the Trustee, within 120 days after the end of each fiscal year, a certificate indicating
whether the signers thereof know of any Default that occurred during the previous year. The Company is required to deliver to the
Trustee, within 30 days after the occurrence thereof, written notice of any event which would constitute certain Defaults, their
status and what action it is taking or proposes to take in respect thereof.

 

Section 7.06Reports by Trustee to Holders
of the Securities.

 

Within 60 days after each January 31 beginning with the January
31 following the date of this Indenture, and for so long as Securities of any series remain outstanding, the Trustee shall mail
to the Holders of the Securities of such series a brief report dated as of such reporting date that complies with TIA § 313(a)
(but if no event described in TIA § 313(a) has occurred within the twelve months preceding the reporting date, no report need
be transmitted). The Trustee also shall comply with TIA § 313(b)(1). The Trustee also shall transmit by mail all reports as
required by TIA § 313(c).

 

A copy of each report at the time of its mailing to the Holders
of Securities shall be mailed to the Company and filed with the SEC and each stock exchange on which the Securities are listed
in accordance with TIA § 313(d). The Company shall promptly notify the Trustee when the Securities are listed on any stock
exchange.

 

Section 7.07Compensation and Indemnity.

 

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

 

The Company shall indemnify the Trustee against any and all
losses, liabilities or expenses incurred by it arising out of or in connection with the acceptance or administration of its duties
under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section
7.07) and defending itself against any claim (whether asserted by the Company or any Holder or any other person) or liability in
connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability
or expense may be attributable to its negligence or bad faith. The Trustee shall notify the Company promptly of any claim for which
it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder.
The Company shall defend the claim and the Trustee shall cooperate in the defense. The Company need not pay for any settlement
made without its consent, which consent shall not be unreasonably withheld.

 

The obligations of the Company under this Section 7.07 shall
survive the satisfaction and discharge of this Indenture.

 

To secure the Company’s payment obligations in this Section
7.07, the Trustee shall have a Lien prior to the Securities on all money or property held or collected by the Trustee, except that
held in trust to pay principal and interest on particular Securities.

 

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When the Trustee incurs expenses or renders services after an
Event of Default specified in Section 6.01(e) or (f) hereof occurs, the expenses and the compensation for the services (including
the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law.

 

The Trustee shall comply with the provisions of TIA § 313(b)(2)
to the extent applicable.

 

Section 7.08Replacement of Trustee.

 

A resignation or removal of the Trustee and appointment of a
successor Trustee shall become effective only upon the successor Trustee’s acceptance of appointment as provided in this
Section 7.08.

 

The Trustee may resign in writing at any time and be discharged
from the trust hereby created by so notifying the Company. The Holders of a majority in principal amount of the then outstanding
Securities of any series may remove the Trustee by so notifying the Trustee and the Company in writing. The Company may remove
the Trustee if:

 

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

 

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

 

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

 

		(d)	the Trustee becomes incapable of acting.

 

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

 

If a successor Trustee does not take office within 60 days after
the retiring Trustee resigns or is removed, the retiring Trustee, the Company, or the Holders of at least 10% in principal amount
of the then outstanding Securities of any series may petition any court of competent jurisdiction for the appointment of a successor
Trustee.

 

If the Trustee, after written request by any Holder who has
been a Holder for at least six months, fails to comply with Section 7.10 hereof, such Holder may petition any court of competent
jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.

 

A successor Trustee shall deliver a written acceptance of its
appointment to the retiring Trustee and to the Company. Thereupon, the resignation or removal of the retiring Trustee shall become
effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor
Trustee shall mail a notice of its succession to Holders. The retiring Trustee shall promptly transfer all property held by it
as Trustee to the successor Trustee, provided all sums owing to the retiring Trustee hereunder have been paid and subject
to the Lien provided for in Section 7.07 hereof. Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the
Company’s obligations under Section 7.07 hereof shall continue for the benefit of the retiring Trustee.

 

Section 7.09Successor Trustee by Merger,
etc.

 

If the Trustee consolidates, merges or converts into, or transfers
all or substantially all of its corporate trust business to, another corporation, the successor corporation without any further
act shall be the successor Trustee.

 

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Section 7.10Eligibility; Disqualification.

 

There shall at all times be a Trustee hereunder that is a corporation
organized and doing business under the laws of the United States of America or of any state thereof that is authorized under such
laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that
has a combined capital and surplus of at least $100 million as set forth in its most recent published annual report of condition.

 

This Indenture shall always have a Trustee who satisfies the
requirements of TIA § 310(a)(1), (2) and (5). The Trustee is subject to TIA § 310(b).

 

Section 7.11Preferential Collection
of Claims Against Company.

 

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

 

ARTICLE 8.

LEGAL DEFEASANCE AND COVENANT DEFEASANCE

 

Section 8.01Option to Effect Legal
Defeasance or Covenant Defeasance.

 

Unless otherwise specified as contemplated by Section 2.03(a)
hereof with respect to Securities of a particular series, the Company may elect, at its option, at any time, to have either Section
8.02 or 8.03 hereof be applied to all outstanding Securities of any series designated pursuant to Section 2.03(a) hereof as being
defeasible (the “Defeased Securities”) in accordance with any additional requirements provided pursuant to Section
2.03(a) hereof and upon compliance with the conditions set forth below in this Article 8. Any such election shall be evidenced
by a Board Resolution set forth in an Officers’ Certificate or in another manner specified as contemplated by Section 2.03(a)
hereof for such Securities.

 

Section 8.02Legal Defeasance and Discharge.

 

Upon the Company’s exercise under Section 8.01 hereof
of the option (if any) to have this Section 8.02 applied to any Securities of any series, the Company shall, subject to the satisfaction
of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its obligations with respect to all
outstanding Defeased Securities 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 the outstanding Defeased Securities, which shall thereafter be deemed to be “outstanding” only for the purposes
of Section 8.05 hereof and the other Sections of this Indenture referred to in (a) and (b) below, and to have satisfied all its
other obligations under such Defeased 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 Defeased Securities to receive solely from the trust
fund under Section 8.04 hereof, and as more fully set forth in such Section, payments in respect of the principal of, premium,
if any, and interest on such Defeased Securities when such payments are due, (b) the Company’s obligations with respect to
such Defeased Securities under Article 2 and Section 4.01 hereof, (c) the rights, powers, trusts, duties and immunities of the
Trustee hereunder and the Company’s obligations in connection therewith and (d) this Article 8. Subject to compliance with
this Article 8, the Company may exercise its option under this Section 8.02 notwithstanding the prior exercise of its option under
Section 8.03 hereof. If the Company exercises its Legal Defeasance option, payment of the Securities of the applicable series may
not be accelerated because an Event of Default with respect thereto.

 

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Section 8.03Covenant Defeasance.

 

Upon the Company’s exercise under Section 8.01 hereof
of the option (if any) to have this Section 8.03 applied to any Securities of any series the Company shall, subject to the satisfaction
of the conditions set forth in Section 8.04 hereof, be released from its obligations under Articles 5, Section 6.01(c), Section
6.01(d) and Sections 6.01(e) and 6.01(f) hereof with respect only to Significant Subsidiaries and such other provisions as may
be provided as contemplated by Section 2.03(a) hereof with respect to Securities of a particular series and with respect to
the outstanding Defeased Securities on and after the date the conditions set forth in Section 8.04 hereof are satisfied (hereinafter,
“Covenant Defeasance”), and the Defeased Securities shall thereafter be deemed not “outstanding”
for the purposes of any direction, waiver, consent or declaration or act of Holders of such Defeased Securities (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 Defeased Securities shall not be deemed outstanding for accounting purposes). For this
purpose, Covenant Defeasance means that, with respect to the outstanding Defeased Securities, 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 a Default or an Event of
Default under Section 6.01 hereof, but, except as specified above, the remainder of this Indenture and such Defeased Securities
shall be unaffected thereby. In addition, upon the Company’s exercise under Section 8.01 hereof of the option applicable
to this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Sections 6.01(c) and (d),
and Sections 6.01(e) and (f) with respect only to Significant Subsidiaries, hereof shall not constitute Events of Default.

 

Section 8.04Conditions to Legal or
Covenant Defeasance.

 

The following shall be the conditions to the application of
either Section 8.02 or 8.03 hereof to a series of outstanding Securities:

 

Unless otherwise specified as contemplated by Section 2.03(a)
hereof with respect to any series of Securities, in order to exercise either Legal Defeasance or Covenant Defeasance:

 

		(a)	the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders, cash, non-callable Government
Securities, or a combination thereof, in such amounts as will be sufficient to pay the principal of, premium, if any, and interest
on the outstanding Securities of such series on the stated date for payment thereof or on the applicable Redemption Date, as the
case may be;

 

		(b)	in the case of an election under Section 8.02 hereof, the Company shall have delivered to the Trustee an Opinion of Counsel
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 this Indenture was first executed, there has been a change in the applicable federal income tax law, in either case
to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the outstanding Securities of
such series 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;

 

		(c)	in the case of an election under Section 8.03 hereof, the Company shall have delivered to the Trustee an Opinion of Counsel
confirming that the Holders of the outstanding Securities of such series will not recognize income, gain or loss for federal income
tax purposes as a result of such Covenant Defeasance and will be subject to federal income tax on the same amounts, in the same
manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; and

 

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		(d)	the Legal Defeasance or Covenant Defeasance, as applicable, shall not result in or constitute a Default or Event of Default
under this Indenture.

 

Section 8.05Deposited Money and Government
Securities to be Held in Trust; Other Miscellaneous Provisions.

 

Subject to Section 8.06 hereof, all money and non-callable Government
Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes
of this Section 8.05, the “Trustee”) pursuant to Section 8.04 hereof in respect of the outstanding Defeased
Securities shall be held in trust and applied by the Trustee, in accordance with the provisions of such Defeased 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 Defeased Securities of all sums due and to become due thereon in respect of principal,
premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law.

 

The Company shall pay and indemnify the Trustee against any
tax, fee or other charge imposed on or assessed against the cash or non-callable Government Securities deposited pursuant to Section
8.04 hereof 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 Defeased Securities.

 

Anything in this Article 8 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 non-callable Government
Securities held by it as provided in Section 8.04 hereof which in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee are in excess of the amount thereof that would
then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance.

 

Section 8.06Repayment to 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 Securities of a series
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 request or (if then held by the Company) shall be discharged from such trust; and the Holder of such
series of Securities shall thereafter 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 8.07Reinstatement.

 

If the Trustee or Paying Agent is unable to apply any cash or
non-callable Government Securities in accordance with Section 8.02 or 8.03 hereof, 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 Defeased Securities shall be revived and reinstated as though no deposit had occurred
pursuant to Section 8.02 or 8.03 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in
accordance with Section 8.02 or 8.03 hereof, as the case may be; provided, however, that, if the Company makes any
payment of principal of, premium, if any, or interest on any Defeased Securities following the reinstatement of its obligations,
the Company shall be subrogated to the rights of the Holders of such Defeased Securities to receive such payment from the money
held by the Trustee or Paying Agent.

 

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ARTICLE 9.

AMENDMENT, SUPPLEMENT AND WAIVER

 

Section 9.01Without Consent of Holders
of Securities.

 

Notwithstanding Section 9.02 hereof, the Company and the Trustee
at any time and from time to time may amend this Indenture or enter into one or more indentures supplemental hereto without the
consent of any Holder of a Security for any of the following purposes:

 

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

 

		(b)	to provide for uncertificated Securities in addition to or in place of certificated Securities (provided that the uncertificated
Securities are issued in registered form for purposes of Section 163(f) of the Code, or in a manner such that the uncertificated
Securities are described in Section 163(f)(2)(B) of the Code);

 

		(c)	to provide for the assumption by a Successor Company of the Company’s obligations to the Holders of the Securities or
a series by a successor pursuant to Article 5;

 

		(d)	to add to the covenants of the Company or any Restricted Subsidiary for the benefit of the Holders of the Securities of any
series or to surrender any right or power herein conferred on the Company or any Restricted Subsidiary;

 

		(e)	to add any additional Events of Default with respect to all or any series of the Securities (and, if any such Event of Default
is applicable to less than all series of Securities, specifying the series to which that Event of Default is applicable);

 

		(f)	to supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the defeasance
and discharge of any series of Securities pursuant to Section 8.02 or 8.03; provided, however, that any such action
shall not adversely affect the interest of the Holders of Securities of that series or any other series of Securities;

 

		(g)	to comply with requirements of the SEC in connection with the qualification of this Indenture under the TIA;

 

		(h)	to add Guarantees with respect to Securities of any series;

 

		(i)	to make changes relating to the transfer and legending of the Securities;

 

		(j)	to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of
one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 7.08 hereof;

 

		(k)	to mortgage, pledge, hypothecate or grant a security interest for the benefit of the Holders of Securities of any series as
additional security for the payment and performance of the Company’s obligations herein in any property or assets;

 

		(l)	to add to, change or eliminate any of the provisions of this Indenture (which addition, change or elimination may apply to
one or more series of Securities), provided that, any such addition, change or elimination (A) shall neither (i) apply to any Security
of any series created prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor (ii)
modify the rights of the Holder of any such Security with respect to such provision or (B) shall become effective only when there
is no such outstanding Security;

 

		(m)	to establish the form and terms of Securities of any series permitted by Sections 2.01 and 2.03(a) hereof, respectively;

 

    29

     

    

 

		(n)	to make any change that does not adversely affect the rights of any Holder; or

 

		(o)	to effect any provision of this Indenture or to make certain changes to this Indenture to provide for the issuance of additional
Securities of an existing or new series.

 

Upon the request of the Company, and upon receipt by the Trustee
of the documents described in Section 7.02 hereof, the Trustee shall join with the Company in the execution of any amended or supplemental
Indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations
that may be therein contained, but the Trustee shall not be obligated to enter into such amended or supplemental Indenture that
affects its own rights, duties or immunities under this Indenture or otherwise.

 

Section 9.02With Consent of Holders
of Securities.

 

Except as provided below in this Section 9.02, the Company and
the Trustee may amend this Indenture with the consent of the Holders of at least a majority in principal amount of the Securities
of each series then outstanding and may amend the Securities of any series with the consent of the Holders of at least a majority
in principal amount of the Securities of such series (in any case including consents obtained in connection with a tender offer
or exchange offer for, or purchase of, such Securities), and, subject to Sections 6.04 and 6.07 hereof and except as otherwise
provided below in this Section 9.02, any existing Default or Event of Default with respect to a particular series of Securities
(other than a Default or Event of Default in the payment of the principal of, premium, if any, or interest on such Securities,
except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of this Indenture
or such Securities may be waived with the consent of the Holders of a majority in principal amount of the then outstanding Securities
of such series voting as a single class (including consents obtained in connection with a tender offer or exchange offer for, or
purchase of, such Securities).

 

Upon the request of the Company, and upon delivery to the Trustee
of evidence satisfactory to the Trustee of the consent of the Holders of Securities as aforesaid, and upon receipt by the Trustee
of the documents described in Section 7.02 hereof, the Trustee shall join with the Company in the execution of such amended or
supplemental Indenture unless such amended or supplemental Indenture directly affects the Trustee’s own rights, duties or
immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter
into such amended or supplemental Indenture.

 

It shall not be necessary for the consent of the Holders of
Securities under this Section 9.02 to approve the particular form of any proposed amendment or waiver, but it shall be sufficient
if such consent approves the substance thereof.

 

After an amendment, supplement or waiver under this Section
9.02 becomes effective, the Company shall mail to the Holders of Securities affected thereby a notice briefly describing the amendment,
supplement or waiver. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair
or affect the validity of any such amended or supplemental indenture or waiver.

 

Notwithstanding anything provided herein or otherwise, without
the consent of each Holder affected, an amendment or waiver under this Section 9.02 may not (with respect to any Securities of
such series held by a non-consenting Holder):

 

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

 

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

 

		(c)	reduce the principal of, premium on or any mandatory sinking fund payment with respect to, or change the Stated Maturity of,
any Security;

 

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		(d)	reduce the premium, if any, payable on the redemption of any Security or change the time at which any Security may or shall
be redeemed;

 

		(e)	make any Security payable in money other than that stated in the Security;

 

		(f)	impair the right of any Holder to receive payment of principal, premium (if any) and interest on any Security on or after the
due date therefor or to institute suit for the enforcement of any payment of principal of, premium (if any) or interest on any
Security pursuant to Sections 6.07 and 6.08, except as limited by Section 6.06;

 

		(g)	make any change in the percentage of principal amount of Securities necessary to waive compliance with certain provisions of
this Indenture pursuant to Section 6.04 or 6.07 or make any change in this sentence of Section 9.02;

 

		(h)	waive a continuing Default or Event of Default in the payment of principal of, premium (if any) or interest on the Securities;

 

		(i)	modify the provisions relating to the ranking or priority of any of the Securities in a manner adverse to the Holder of that
Security; or

 

		(j)	change such other matters as may be specified pursuant to Section 2.03(a) hereof.

 

Section 9.03Compliance with Trust Indenture
Act.

 

Every amendment or supplement to this Indenture or the Securities
of any series shall be set forth in an amended or supplemental Indenture that complies with the TIA as then in effect.

 

Section 9.04Revocation and Effect of
Consents.

 

Until an amendment, supplement or waiver becomes effective,
a consent to it by a Holder of a Security is a continuing consent by the Holder of a Security and every subsequent Holder of a
Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the
consent is not made on any Security. However, any such Holder of a Security or subsequent Holder of a Security may revoke the consent
as to its Securities if the Trustee receives written notice of revocation before the date the waiver, supplement or amendment becomes
effective. An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds every Holder.

 

Section 9.05Notation on or Exchange
of Securities.

 

The Trustee may place an appropriate notation about an amendment,
supplement or waiver on any Security of a series thereafter authenticated. The Company in exchange for all Securities of a series
may issue and the Trustee shall, upon receipt of a Company Order, authenticate new Securities of such series that reflect the amendment,
supplement or waiver. Failure to make the appropriate notation or issue a new Security shall not affect the validity and effect
of such amendment, supplement or waiver.

 

Section 9.06Trustee to Sign Amendments,
etc.

 

The Trustee shall sign any amended or supplemental Indenture
authorized pursuant to this Article 9 if the amendment or supplement does not adversely affect the rights, duties, liabilities
or immunities of the Trustee. In executing any amended or supplemental indenture, the Trustee shall be entitled to receive and
(subject to Section 7.01 hereof) shall be fully protected in relying upon, in addition to the documents required by Section 13.04
hereof, an Officers’ Certificate and an Opinion of Counsel stating that the execution of such amended or supplemental indenture
is authorized or permitted by this Indenture.

 

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Section 9.07Effect of Supplemental
Indentures.

 

Upon the execution of any supplemental indenture under this
Article 9, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this
Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall
be bound thereby, except to the extent otherwise set forth thereon.

 

ARTICLE 10.

[RESERVED.]

 

ARTICLE 11.

[RESERVED.]

 

ARTICLE 12.

SATISFACTION AND DISCHARGE

 

Section 12.01Satisfaction and Discharge.

 

Except as otherwise contemplated by 2.03(a) hereof, this Indenture
will be discharged and will cease to be of further effect with respect to any series of Securities specified by the Company, and
the Trustee, at the expense of the Company, will execute proper instruments acknowledging satisfaction and discharge of this Indenture
as to such series when:

 

		(a)	either:

 

		(i)	all Securities of such series theretofore authenticated and delivered (except lost, stolen or destroyed Securities of such
series that have been replaced or paid and Securities of such series 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) have been
delivered to the Trustee for cancellation; or

 

		(ii)	all Securities of such series that have not been delivered to the Trustee for cancellation (A) have become due and payable,
(B) will become due and payable at their Stated Maturity within one year or (C) if redeemable at the option of the Company, have
been called for redemption or are to be called for redemption within one year under arrangements satisfactory to the Trustee for
the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, and the Company has irrevocably
deposited or caused to be deposited with the Trustee funds in an amount sufficient, without consideration of any reinvestment of
interest, to pay and discharge the entire indebtedness on the such Securities not theretofore delivered to the Trustee for cancellation,
for principal of, premium, if any, and accrued interest on the Securities of such series to the date of maturity or redemption
together with irrevocable instruction from the Company directing the Trustee to apply such funds to the payment thereof at maturity
or redemption, as the case may be;

 

		(b)	the Company has paid or caused to be paid all other sums payable by it under this Indenture; and

 

		(c)	the Company has delivered an Officers’ Certificate and an Opinion of Counsel to the Trustee stating that all conditions
precedent under this Indenture relating to the satisfaction and discharge of this Indenture have been satisfied or waived.

 

Notwithstanding the satisfaction and discharge of this Indenture,
if money shall have been deposited with the Trustee pursuant to subclause (ii) of clause (a) of this Section 12.01, the provisions
of Sections 12.02 and 8.06 hereof shall survive.

 

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Section 12.02Application of Trust Money.

 

Subject to the provisions of Section 8.06 hereof, all money
deposited with the Trustee pursuant to Section 12.01 hereof shall be held in trust and applied by it, in accordance with the provisions
of the Securities of a series and this Indenture, to the payment, either directly or through any Paying Agent (including the Company
acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and 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.

 

If the Trustee or Paying Agent is unable to apply any funds
in accordance with Section 12.01 hereof by reason of any legal proceeding or by reason of any order or judgment of any court or
governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under
this Indenture and the Securities of such series shall be revived and reinstated as though no deposit had occurred pursuant to
Section 12.01 hereof; provided that if the Company has made any payment of principal of, premium, if any, or interest on
any Securities of such series because of the reinstatement of its obligations, the Company shall be subrogated to the rights of
the Holders of Securities of such series to receive such payment from the funds held by the Trustee or Paying Agent.

 

ARTICLE 13.

MISCELLANEOUS

 

Section 13.01Trust Indenture Act Controls.

 

If any provision of this Indenture limits, qualifies or conflicts
with the duties imposed by TIA § 318(c), the imposed duties shall control. If any provision of this Indenture modifies or
excludes any provision of the TIA that may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture
as so modified or excluded, as the case may be.

 

Section 13.02Notices.

 

Any notice or communication by the Company or the Trustee to
the other is duly given if in writing and delivered in Person or mailed by first class mail (registered or certified, return receipt
requested), facsimile or overnight air courier guaranteeing next day delivery, to the others’ address:

 

If to the Company:

 

Fiesta Restaurant Group, Inc.

 

14800 Landmark Boulevard, Suite 500

 

Dallas, Texas 75254

 

Facsimile: (972) 702-9300

 

Attention: General Counsel

 

If to the Trustee:

 

[                                     ]

 

[                                      ]

 

[                                     ]

 

[                                      ]

 

Facsimile: [                                      ]

 

Attention: [                                      ]

 

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

 

Any notice or communication to a Holder shall be mailed by first
class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to its
address shown on the register kept by the Registrar. Any notice or communication also shall be so mailed to any Person described
in TIA § 313(c), to the extent required by the TIA. Failure to mail a notice or communication to a Holder or any defect in
it shall not affect its sufficiency with respect to other Holders.

 

If the Company mails a notice or communication to Holders, it
shall mail a copy to the Trustee and each Agent at the same time.

 

Section 13.03Communication by Holders
of Securities with Other Holders of Securities.

 

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

 

Section 13.04Certificate and Opinion
as to Conditions Precedent.

 

Upon any request or application by the Company to the Trustee
to take any action under this Indenture, the Company shall furnish to the Trustee at the request of the Trustee:

 

		(a)	an Officers’ Certificate in form and substance reasonably satisfactory to the Trustee (which shall include the statements
set forth in Section 13.05 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if any,
provided for in this Indenture relating to the proposed action have been satisfied or waived; and

 

		(b)	an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee (which shall include the statements set
forth in Section 13.05 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been
satisfied or waived.

 

Section 13.05Statements Required in
Certificate or Opinion.

 

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

 

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

 

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

 

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

 

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

 

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.

 

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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 his certificate or opinion or representations is based are erroneous. Any such certificate or Opinion
of Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an
officer or officers of the Company 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.

 

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 13.06Rules by Trustee and Agents.

 

The Trustee may make reasonable rules for action by or at a
meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable requirements for its functions.

 

Section 13.07No Personal Liability
of Directors, Officers, Employees and Stockholders.

 

No director, officer, employee, incorporator or stockholder
of the Company or any shall have any liability for any obligations of the Company under the Securities, this Indenture or for any
claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Security waives
and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities.

 

Section 13.08Governing Law.

 

THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO
CONSTRUE THIS INDENTURE AND THE SECURITIES, WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT
THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

 

Section 13.09No Adverse Interpretation
of Other Agreements.

 

This Indenture may not be used to interpret any other indenture,
loan or debt agreement of the Company or its Subsidiaries or of any other Person. Any such indenture, loan or debt agreement may
not be used to interpret this Indenture.

 

Section 13.10Successors.

 

All agreements of the Company in this Indenture and the Securities
shall bind its successors. All agreements of the Trustee in this Indenture shall bind its successors.

 

Section 13.11Severability.

 

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

 

Section 13.12Counterpart Originals.

 

The parties may sign any number of copies of this Indenture.
Each signed copy shall be an original, but all of them together represent the same agreement.

 

Section 13.13Table of Contents, Headings,
etc.

 

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

 

[Signatures on following page]

 

    35

     

    

 

SIGNATURES

 

Dated as of [             ]

 

FIESTA RESTAURANT GROUP, INC.

 

	 	By:	 	 
	 	 	Name:	 
	 	 	Title:	 

 

Attest:

 

Name:

Title:

 

	[___________________________________]

 

	 	By:	 	 
	 	 	Name:	 
	 	 	Title:	 

 

Attest:

 

Authorized Signatory

Date:

 

    36

     

    

 

EXHIBIT A

 

[Face of Security]

 

CUSIP __________

 

[TITLE OF SECURITIES]

 

No. ___

 

$_________

 

FIESTA RESTAURANT GROUP, INC.

 

promises to pay to ______________ or registered assigns, the
principal sum of _____________

 

 

Interest Payment Dates [ ] and [ ], commencing on [ ]

 

Record Dates: [ ] and [ ]

 

Dated: ___________, ____

 

FIESTA RESTAURANT GROUP, INC.

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

This is one of the Securities referred to in the within-mentioned
Indenture:

 

[__________________________________],

as Trustee

 

	By:	 	 

 

Authorized Signatory

 

    A-1

     

    

 

[Back of Security]

 

[TITLE OF SECURITIES]

 

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

 

[Insert any legend required by the Internal Revenue Code
and the regulations thereunder] 

 

Capitalized terms used herein shall have the meanings assigned
to them in this Indenture referred to below unless otherwise indicated.

 

		1.	Interest.

 

Fiesta Restaurant Group, Inc., a Delaware corporation (herein
the “Company” which term includes any successor Person under the Indenture hereinafter referred to), for value received,
hereby promises to pay to ___________________, or registered assigns, the principal sum of ____________ [Dollars] [if other than
Dollars, substitute other currency units] on __________ , ____________ [if the Security is to bear interest prior to Stated Maturity,
insert — , and to pay interest thereon from __________________ or from the most recent Interest Payment Date to which interest
has been paid or duly provided for], [semiannually] [if other than semi-annual interest at a fixed rate, insert frequency of payment
and payment dates] on and _______________ in each year, commencing _____________, and at the Stated Maturity thereof, at [if the
Security is to bear interest at a fixed rate, insert — the rate of ___% per annum], [if the Security is to bear interest
at a rate determined with reference to one or more formula, refer to description index below] until the principal hereof is paid
or made available for payment] [if applicable, insert — , and (to the extent that the payment of such interest shall be legally
enforceable) at [if the Security is to bear interest at a fixed rate, insert — the rate of % per annum on any overdue principal
and premium and on any overdue installment of interest from the dates such amounts are due until they are paid or made available
for payment]. Interest shall be computed on the basis of [a 360-day year of twelve 30-day months] [if another basis of calculating
interest is to be different, insert a description of such method.]

 

		2.	Method of Payment.

 

The Company will pay interest on the Securities on each [ ]
and [ ] to the Persons who are registered Holders of the relevant Securities at the close of business on the [ ] or [ ] next preceding
the Interest Payment Date, even if such Securities are canceled after such record date and on or before such Interest Payment Date,
except as provided in Section 2.14 of this Indenture with respect to Defaulted Interest. The Securities will be payable as to principal,
premium, if any, and interest at the office or agency of the Company maintained for such purpose in [ ], [if applicable, insert
—; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of
the Person entitled thereto as such address shall appear in the list provided by the Company to the Registrar and provided, further,
that if this Security is a Global Security, payment may be made pursuant to the applicable procedures of the Depositary as permitted
in said Indenture]. Such payment shall be in such coin or currency of [the United States of America] [insert other currency or
currency unit, if applicable] as at the time of payment is legal tender for payment of public and private debts.

 

		3.	Paying Agent and Registrar.

 

Initially, the Trustee under this Indenture, will act as Paying
Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to any Holder. The Company or any of its
Subsidiaries may act in any such capacity.

 

    A-2

     

    

 

		4.	Indenture.

 

This Security is one of a duly authorized issue of Securities
of the Company issued and to be issued in one or more series under an Indenture, dated as of _______________, ____________ (herein
called the “Indenture”), between the Company and ________________, as Trustee (herein called the “Trustee”
which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference
is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company,
the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and
delivered. The terms of the Securities include those stated in this Indenture and those made part of this Indenture by reference
to the Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb). The Securities are subject to all such
terms, and Holders are referred to this Indenture and such Act for a statement of such terms. To the extent any provision of this
Security conflicts with the express provisions of this Indenture, the provisions of this Indenture shall govern and be controlling.

 

		5.	Redemption.

 

[If applicable, insert — The Securities of this series
are subject to redemption upon not less than 30 days notice by mail, [if applicable, insert — (1) on ______________ in any
year commencing with the year _____________ and ending with the year _____________ through operation of the sinking fund for this
series at a Redemption Price equal to 100% of the principal amount, and (2)] at any time [if applicable, insert — on or after
_______________, ______________], as a whole or in part, at the election of the Company, at the following Redemption Prices (expressed
as percentages of the principal amount): if redeemed [if applicable insert — on or before _____________, ___%, and if redeemed]
during the 12-month period beginning of the _____________ years indicated,

 

	
        Year
	Redemption Price	Year	Redemption Price

 

and thereafter at a Redemption Price equal to ________% of the
principal amount, together in the case of any such redemption [if applicable, insert — (whether through operation of the
sinking fund or otherwise)] with accrued interest to the Redemption Date, but interest installments whose stated maturity is on
or prior to such Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record
at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture.]

 

[If applicable, insert — The Securities of this series
are subject to redemption upon not less than 30 days notice by mail, (1) on _____________ in any year commencing with the year
and ending with the year _________ through operation of the sinking fund for this series at the Redemption Prices for redemption
through operation of the sinking fund (expressed as percentages of the principal amount) set forth in the table below, and (2)
at any time [if applicable, insert — on or after ___________], as a whole or in part, at the election of the Company, at
the Redemption Prices for redemption otherwise than through operation of the sinking fund (expressed as percentages of the principal
amount) set forth in the table below: If redeemed during the 12-month period beginning _____________ of the years indicated,

 

	
        Year
	Redemption Price for Redemption Through Operation of the Sinking Fund	Redemption Price for Redemption Otherwise Than Through Operation of the Sinking Fund

 

and thereafter at a Redemption Price equal to ________% of
the principal amount, together in the case of any such redemption (whether through operation of the sinking fund or otherwise)
with accrued interest to the Redemption Date, but interest installments whose stated maturity is on or prior to such Redemption
Date will be payable to the Holders of such securities, or one or more Predecessor Securities, of record at the close of business
on the relevant Record Date referred to on the face hereof, all as provided in the Indenture.]

 

    A-3

     

    

 

[If applicable, insert — The sinking fund for this series
provides for the redemption on in each year beginning with the year ____________ and ending with the year _____________ of [if
applicable, insert — not less than $_________ (“mandatory sinking fund”) and not more than] $ aggregate principal
amount of Securities of this series. Securities of this series acquired or redeemed by the Company otherwise than through [mandatory]
sinking fund payments may be credited against subsequent [if applicable, insert — mandatory] sinking fund payments otherwise
required to be made [if applicable, insert — in the inverse order in which they become due].]

 

[If applicable, insert — The Securities are subject to
redemption, as a whole at any time or in part from time to time, at the sole election of the Company, upon not less than 30 or
more than 60 days notice by mail to the Trustee at a Redemption Price equal to $ .]

 

[If applicable, insert — The Holder of this Security shall
have the right to require the Company to pay this Security in full on __________, __________ by giving the Company or the Registrar
written notice of the exercise of such right not less than 30 or more than 60 days prior to such date.]

 

[If the Security is subject to redemption, insert — In
the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed
portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.]

 

[If applicable, insert — This Security is not subject
to redemption prior to maturity.]

 

		6.	Denominations, Transfer, Exchange.

 

[If applicable, insert — The Securities of this series
are issuable only in registered form without coupons in denominations of $___________ and any integral multiple thereof.] As provided
in the Indenture and subject to certain limitations therein set forth, Securities of this series are ex-changeable for a like aggregate
principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder
surrendering the same. A Holder may register the transfer or exchange of the Security as provided in the Indenture and subject
to certain limitations therein set forth. The Registrar may require a Holder, among other things, to furnish appropriate endorsements
and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture.

 

[If applicable, insert — The Securities of this series
will be represented by one or more Global Securities registered in the name of ___________, (the “Depositary”), or
a nominee of the Depositary. So long as the Depositary, or its nominee, is the registered holder and owner of this Global Security,
the Depositary or such nominee, as the case may be, will be considered the sole owner and holder of the Securities for all purposes
under the Indenture. The Global Security may be transferred, in whole and not in part, only to the Depositary or another nominee
of the Depositary. The Depositary will credit, on its book-entry registration and transfer system, the respective principal amounts
of the Securities represented by such Global Security to the accounts of institutions that have accounts with the Depositary or
its nominee (“participants”). Ownership of beneficial interests in a Global Security will be shown on, and the transfer
of those ownership interests will be effected through, records maintained by the Depositary (with respect to participants’
interests) and such participants (with respect to the owners of beneficial interests in such Global Security).]

 

[If applicable, insert — The Securities represented by
this Global Security are exchangeable for Securities in certificated form of like tenor as such Global Security in denominations
of $1,000 and in any greater amount that is an integral multiple thereof if (i) the Depositary notifies the Company that it is
unwilling or unable to continue as Depositary for this Global Security or if at any time the Depositary ceases to be a clearing
agency registered under the Securities Exchange Act of 1934, as amended, (ii) the Company in its discretion at any time determines
not to have all of the Securities of this series represented by the Global Security and notifies the Trustee thereof, or (iii)
an Event of Default has occurred and is continuing with respect to the Securities. Any Security that is exchangeable pursuant to
the preceding sentence is exchangeable only for Securities of this series.]

 

No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable
in connection therewith.

 

    A-4

     

    

 

		7.	Persons Deemed Owners.

 

The registered Holder of a Security may be treated as its owner
for all purposes.

 

		8.	Amendment, Supplement and Waiver.

 

Except as provided in Section 9.02 of the Indenture, the Company
and the Trustee may amend this Indenture with the consent of the Holders of at least a majority in principal amount of the Securities
of each series then outstanding and may amend the Securities of any series with the consent of the Holders of at least a majority
in principal amount of the Securities of such series (in any case including consents obtained in connection with a tender offer
or exchange offer for, or purchase of, such Securities), and, subject to Sections 6.04 and 6.07 of the Indenture and except as
otherwise provided in Section 9.02 of the Indenture, any existing Default or Event of Default with respect to a particular series
of Securities (other than a Default or Event of Default in the payment of the principal of, premium, if any, or interest on such
Securities, except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of
this Indenture or such Securities may be waived with the consent of the Holders of a majority in principal amount of the then outstanding
Securities of such series voting as a single class (including consents obtained in connection with a tender offer or exchange offer
for, or purchase of, such Securities).

 

Notwithstanding Section 9.02 of the Indenture, the Company and
the Trustee at any time and from time to time may amend this Indenture or enter into one or more indentures supplemental hereto
without the consent of any Holder of a Security for any of the following purposes:

 

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

 

		(b)	to provide for uncertificated Securities in addition to or in place of certificated Securities (provided that the uncertificated
Securities are issued in registered form for purposes of Section 163(f) of the Code, or in a manner such that the uncertificated
Securities are described in Section 163(f)(2)(B) of the Code);

 

		(c)	to provide for the assumption by a Successor Company of the Company’s obligations to the Holders of the Securities or
a series by a successor pursuant to Article 5 of the Indenture;

 

		(d)	to add to the covenants of the Company or any Restricted Subsidiary for the benefit of the Holders of the Securities of any
series or to surrender any right or power herein conferred on the Company or any Restricted Subsidiary;

 

		(e)	to add any additional Events of Default with respect to all or any series of the Securities (and, if any such Event of Default
is applicable to less than all series of Securities, specifying the series to which that Event of Default is applicable);

 

		(f)	to supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the defeasance
and discharge of any series of Securities pursuant to Section 8.02 or 8.03 of the Indenture; provided, however, that
any such action shall not adversely affect the interest of the Holders of Securities of that series or any other series of Securities;

 

		(g)	to comply with requirements of the SEC in connection with the qualification of this Indenture under the TIA;

 

		(h)	to add Guarantees with respect to Securities of any series;

 

		(i)	to make changes relating to the transfer and legending of the Securities;

 

		(j)	to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of
one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 7.08 of the Indenture;

 

    A-5

     

    

 

		(k)	to mortgage, pledge, hypothecate or grant a security interest for the benefit of the Holders of Securities of any series as
additional security for the payment and performance of the Company’s obligations herein in any property or assets;

 

		(l)	to add to, change or eliminate any of the provisions of this Indenture (which addition, change or elimination may apply to
one or more series of Securities), provided that, any such addition, change or elimination (A) shall neither (i) apply to any Security
of any series created prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor (ii)
modify the rights of the Holder of any such Security with respect to such provision or (B) shall become effective only when there
is no such outstanding Security;

 

		(m)	to establish the form and terms of Securities of any series permitted by Sections 2.01 and 2.03(a) of the Indenture, respectively;

 

		(n)	to make any change that does not adversely affect the rights of any Holder; or

 

		(o)	to effect any provision of this Indenture or to make certain changes to this Indenture to provide for the issuance of additional
Securities of an existing or new series.

 

Except as provided in Section 9.02 of the Indenture, the Company
and the Trustee may amend the Indenture with the consent of the Holders of at least a majority in principal amount of the Securities
of each series then outstanding and may amend the Securities of any series with the consent of the Holders of at least a majority
in principal amount of the Securities of such series (in any case including consents obtained in connection with a tender offer
or exchange offer for, or purchase of, such Securities), and, subject to Sections 6.04 and 6.07 of the Indenture and except as
otherwise provided in Section 9.02 of the Indenture, any existing Default or Event of Default with respect to a particular series
of Securities (other than a Default or Event of Default in the payment of the principal of, premium, if any, or interest on such
Securities, except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of
this Indenture or such Securities may be waived with the consent of the Holders of a majority in principal amount of the then outstanding
Securities of such series voting as a single class (including consents obtained in connection with a tender offer or exchange offer
for, or purchase of, such Securities).

 

Notwithstanding anything provided herein or otherwise, without
the consent of each Holder affected, an amendment or waiver under Section 9.02 of Indenture may not (with respect to any Securities
of such series held by a non-consenting Holder):

 

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

 

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

 

		(c)	reduce the principal of, premium on or any mandatory sinking fund payment with respect to, or change the Stated Maturity of,
any Security;

 

		(d)	reduce the premium, if any, payable on the redemption of any Security or change the time at which any Security may or shall
be redeemed;

 

		(e)	make any Security payable in money other than that stated in the Security;

 

		(f)	impair the right of any Holder to receive payment of principal, premium (if any) and interest on any Security on or after the
due date therefor or to institute suit for the enforcement of any payment of principal of, premium (if any) or interest on any
Security pursuant to Sections 6.07 and 6.08, except as limited by Section 6.06;

 

    A-6

     

    

 

		(g)	make any change in the percentage of principal amount of Securities necessary to waive compliance with certain provisions of
this Indenture pursuant to Section 6.04 or 6.07 or make any change in this sentence of Section 9.02;

 

		(h)	waive a continuing Default or Event of Default in the payment of principal of, premium (if any) or interest on the Securities;

 

		(i)	modify the provisions relating to the ranking or priority of any of the Securities in a manner adverse to the Holder of that
Security; or

 

		(j)	change such other matters as may be specified pursuant to Section 2.03(a) hereof.

 

Holders of not less than a majority in aggregate
principal amount of the then outstanding Securities of a series by notice to the Trustee may on behalf of the Holders of all of
the Securities of such series waive an existing Default or Event of Default and its consequences hereunder, except a continuing
Default or Event of Default in the payment of the principal of, premium, if any, or interest on, the Securities of that series
(including in connection with an offer to repurchase) (provided, however, that pursuant to Section 6.02 of the Indenture the Holders
of a majority in aggregate principal amount of the then outstanding Securities of a series may rescind an acceleration and its
consequences, including any related payment default that resulted from such acceleration). Upon any such waiver, such Default shall
cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture;
but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.

 

		9.	Defaults and Remedies.

 

Unless otherwise specified as contemplated by Section 2.03(a)
of the Indenture, with respect to any series of Securities, an “Event of Default” occurs, with respect to each series
of Securities individually, if:

 

		(a)	the Company defaults in the payment when due of interest on the Securities of such series and such default continues for a
period of 30 days;

 

		(b)	the Company defaults in the payment when due of principal of or premium, if any, on the Securities of such series when the
same becomes due and payable at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration of acceleration
or otherwise;

 

		(c)	the Company fails to comply with any of the provisions of Section 5.01 of the Indenture;

 

		(d)	the Company fails to observe or perform any other covenant or other agreement in this Indenture applicable to such series of
Securities or the Securities of such series for 60 days after notice to the Company by the Trustee or the Holders of at least 25%
in aggregate principal amount of the Securities of such series then outstanding voting as a single class;

 

		(e)	the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary, pursuant to or within the meaning of Bankruptcy
Law:

 

		(i)	commences a voluntary case,

 

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

 

		(iii)	consents to the appointment of a custodian of it or for all or substantially all of its assets, or

 

		(iv)	makes a general assignment for the benefit of its creditors;

 

    A-7

     

    

 

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

 

		(i)	is for relief against the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary in an involuntary
case;

 

		(ii)	appoints a custodian of the Company or any of its Restricted Subsidiaries or for all or substantially all of the assets of
the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary; or

 

		(iii)	orders the liquidation of the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary;

 

and the order or decree remains unstayed and in effect for 60
consecutive days; or

 

		(g)	any other Event of Default provided with respect to the Securities of that series, which is specified in a supplemental indenture
hereto or an Officers’ Certificate, in accordance with Section 2.03(a) of the Indenture.

 

If any Event of Default (other than an Event of Default specified
in clause (e) or (f) of Section 6.01 of the Indenture with respect to the Company or any of its Restricted Subsidiaries that is
a Significant Subsidiary) occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then
outstanding Securities of that series may declare the principal of and accrued but unpaid interest on all the Securities of that
series to be due and payable immediately. Upon any such declaration, the Securities of that series shall become due and payable
immediately. Notwithstanding the foregoing, if an Event of Default specified in clause (e) or (f) of Section 6.01 of the Indenture
occurs and is continuing with respect to the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary, the
principal of and interest on all outstanding Securities of that series shall be ipso facto immediately due and payable without
any declaration or other act on the part of the Trustee or any Holders of the Securities. The Holders of a majority in aggregate
principal amount of the then outstanding Securities of a series by written notice to the Trustee may on behalf of all of the Holders
of such series of Securities rescind an acceleration and its consequences if all existing Events of Default (except nonpayment
of principal, interest or premium that has become due solely because of the acceleration) have been cured or waived.

 

		10.	Trustee Dealings with Company.

 

The Trustee, in its individual or any other capacity, may make
loans to, accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company
or its Affiliates, as if it were not the Trustee.

 

		11.	No Recourse Against Others.

 

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

 

		12.	[Reserved.]

 

		13.	Authentication.

 

This Security shall not be valid until authenticated by the
manual signature of the Trustee or an authenticating agent.

 

    A-8

     

    

 

		14.	Abbreviations.

 

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

 

		15.	CUSIP Numbers.

 

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

 

The Company will furnish to any Holder upon written request
and without charge a copy of this Indenture. Requests may be made to:

 

Fiesta Restaurant Group, Inc.

 

14800 Landmark Boulevard, Suite 500

 

Dallas, Texas 75254

 

Facsimile: (972) 702-9300

 

Attention: General Counsel

 

    A-9

     

    

 

 

ASSIGNMENT FORM

 

To assign this Security, fill in the form below:

 

(I) or (we) assign and transfer this Security to:

 

(Insert assignee’s legal name)

 

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

 

 

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

 

and irrevocably

appoint___________________________________________________________________________________________

to transfer this Security on the books of the Company. The agent may substitute another to act for him.

 

Date: ____________

 

Your Signature:

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

 

Signature Guarantee*: __________________________

 

 

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

 

    A-10

     

    

 

SCHEDULE OF EXCHANGES OF INTERESTS IN THE
GLOBAL SECURITY*

 

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

 

	 	Amount of	Amount of	Principal Amount	 
	 	decrease in	increase in	of this Global	Signature of
	 	Principal Amount	Principal Amount	Security following	authorized officer
	 	of this Global	of this Global	such decrease (or	of Trustee or
	Date of Exchange	Security	Security	increase)	Security Custodian

 

*       This schedule
should be included only if the Security is issued in global form. 

 

 

A-11Exhibit 4.1

Execution Version

 

UBER
TECHNOLOGIES, INC.

6.250%
SENIOR NOTES DUE 2028

 

INDENTURE

Dated
as of September 16, 2020

 

U.S.
BANK NATIONAL ASSOCIATION

as Trustee

    	 

    	 

    

TABLE
OF CONTENTS

 

Page

Article
1
 Definitions and Incorporation by Reference

	Section
    1.01.  Definitions	 	 	1
	Section
    1.02.  Other Definitions	 	 	19
	Section
    1.03.  Rules of Construction	 	 	19
	Section
    1.04.  Accounting Terms; GAAP	 	 	20

Article
2
 The Notes

	Section
    2.01.  Form, Dating and Denominations; Legends	 	 	20
	Section
    2.02.  Execution and Authentication; Additional Notes	 	 	21
	Section
    2.03.  Registrar, Paying Agent and Authenticating Agent; Paying Agent to Hold Money in Trust	 	 	22
	Section
    2.04.  Replacement Notes	 	 	22
	Section
    2.05.  Outstanding Notes	 	 	22
	Section
    2.06.  Temporary Notes	 	 	23
	Section
    2.07.  Cancellation	 	 	23
	Section
    2.08.  CUSIP, ISIN, CINS or Other Similar Numbers	 	 	23
	Section
    2.09.  Registration, Transfer and Exchange	 	 	23
	Section
    2.10.  Restrictions on Transfer and Exchange	 	 	26
	Section
    2.11.  Computation of Interest	 	 	28
	Section
    2.12.  Defaulted Interest	 	 	28
	Section
    2.13.  Holder Lists	 	 	28

Article
3
 Redemption and Prepayment

	Section
    3.01.  Election to Redeem; Notices to Trustee	 	 	28
	Section
    3.02.  Selection by Trustee of Notes to be Redeemed	 	 	28
	Section
    3.03.  Notice of Redemption	 	 	29
	Section
    3.04.  Effect of Notice of Redemption	 	 	30
	Section
    3.05.  Deposit of Redemption Price	 	 	30
	Section
    3.06.  Notes Redeemed in Part	 	 	30
	Section
    3.07.  Optional Redemption	 	 	31
	Section
    3.08.  No Mandatory Redemption	 	 	31

Article
4
 Covenants

	Section
    4.01.  Payment of Principal, Premium and Interest	 	 	31
	Section
    4.02.  Maintenance of Office or Agency	 	 	32
	Section
    4.03.  Provision of Financial Information; Reports to Holders	 	 	32
	Section
    4.04.  Corporate Existence	 	 	33
	Section
    4.05.  Money for Notes Payments to Be Held in Trust	 	 	33
	Section
    4.06.  [Reserved]	 	 	34

    	i

    	 

    

	Section
    4.07.  Limitation on Liens	 	 	34
	Section
    4.08.  Limitation on Subsidiary Debt	 	 	35
	Section
    4.09.  Limitation on Sale and Lease-Back Transactions	 	 	37
	Section
    4.10.  Repurchase of Notes Upon a Change of Control Triggering Event	 	 	38
	Section
    4.11.  Additional Guarantees	 	 	39
	Section
    4.12.  Compliance Certificate	 	 	40
	Section
    4.13.  Stay, Extension and Usury Laws	 	 	40
	Section
    4.14.  Limited Conditionality Acquisitions	 	 	40
	Section
    4.15.  Suspension of Guarantees Upon Change in Ratings	 	 	41

Article
5
 Successors

	Section
    5.01.  Consolidation, Merger and Sale of Assets of the Company	 	 	41

Article
6
 Defaults and Remedies

	Section
    6.01.  Events of Default	 	 	42
	Section
    6.02.  Acceleration of Maturity; Rescission	 	 	45
	Section
    6.03.  Other Remedies	 	 	46
	Section
    6.04.  Waiver of Past Defaults and Events of Default	 	 	47
	Section
    6.05.  Control by Majority	 	 	47
	Section
    6.06.  Limitation on Suits	 	 	47
	Section
    6.07.  Rights of Holders to Receive Payment	 	 	48
	Section
    6.08.  Collection Suit by Trustee	 	 	48
	Section
    6.09.  Trustee May File Proofs of Claim	 	 	48
	Section
    6.10.  Priorities	 	 	49
	Section
    6.11.  Undertaking for Costs	 	 	49
	Section
    6.12.  Delay or Omission Not Waiver	 	 	49

Article
7
 Trustee

	Section
    7.01.  Duties of Trustee	 	 	49
	Section
    7.02.  Rights of Trustee	 	 	50
	Section
    7.03.  Individual Rights of Trustee	 	 	52
	Section
    7.04.  Trustee’s Disclaimer	 	 	52
	Section
    7.05.  Notice of Defaults; Reports by Trustee to Holders	 	 	53
	Section
    7.06.  Compensation and Indemnity	 	 	53
	Section
    7.07.  Replacement of Trustee	 	 	54
	Section
    7.08.  Successor Trustee by Consolidation, Merger, Etc	 	 	55
	Section
    7.09.  Eligibility; Disqualification	 	 	55

Article
8
 Amendment, Supplement and Waiver

	Section
    8.01.  Without Consent of Holders	 	 	55
	Section
    8.02.  With Consent of Holders	 	 	56
	Section
    8.03.  Revocation and Effect of Consents	 	 	58
	Section
    8.04.  Notation on or Exchange of Notes	 	 	58
	Section
    8.05.  Trustee to Sign Amendments, Etc	 	 	59

    	ii

    	 

    

Article
9
 Satisfaction and Discharge of Indenture; Defeasance

	Section
    9.01.  Satisfaction and Discharge of Liability on Notes; Defeasance	 	 	59
	Section
    9.02.  Conditions to Defeasance	 	 	61
	Section
    9.03.  Deposited Money and U.S. Government Securities to be Held in Trust; Other Miscellaneous Provisions	 	 	62
	Section
    9.04.  Reinstatement	 	 	62
	Section
    9.05.  Moneys Held by Paying Agent	 	 	62
	Section
    9.06.  Moneys Held by Trustee	 	 	63

Article
10
 Guarantees

	Section
    10.01.  Guarantee	 	 	63
	Section
    10.02.  Severability	 	 	64
	Section
    10.03.  Limitation of Liability	 	 	64
	Section
    10.04.  Contribution	 	 	65
	Section
    10.05.  Subrogation	 	 	65
	Section
    10.06.  Reinstatement	 	 	65
	Section
    10.07.  Benefits Acknowledged	 	 	65

Article
11
 Miscellaneous

	Section
    11.01.  Trust Indenture Act of 1939	 	 	65
	Section
    11.02.  Holder Communications; Holder Actions	 	 	65
	Section
    11.03.  Notices	 	 	66
	Section
    11.04.  Certificate and Opinion as to Conditions Precedent	 	 	68
	Section
    11.05.  Statements Required in Certificate and Opinion	 	 	68
	Section
    11.06.  Rules by Trustee and Agents	 	 	68
	Section
    11.07.  No Personal Liability of Directors, Officers, Employees and Stockholders	 	 	68
	Section
    11.08.  Governing Law; Waiver of Jury Trial	 	 	68
	Section
    11.09.  No Adverse Interpretation of Other Agreements	 	 	69
	Section
    11.10.  Successors	 	 	69
	Section
    11.11.  Separability	 	 	69
	Section
    11.12.  Counterpart Originals	 	 	69
	Section
    11.13.  Table of Contents, Headings, Etc	 	 	69
	Section
    11.14.  USA Patriot Act	 	 	70
	Section
    11.15.  Calculations	 	 	70
	Section
    11.16.  Legal Holidays	 	 	70

 

EXHIBITS

Exhibit
A            FORM OF NOTE

Exhibit
B            FORM OF RESTRICTED LEGEND

Exhibit
C            FORM OF DTC LEGEND

Exhibit
D            FORM OF REGULATION S CERTIFICATE

Exhibit
E            FORM OF RULE 144A CERTIFICATE

Exhibit
F            FORM OF INSTITUTIONAL ACCREDITED INVESTOR CERTIFICATE

Exhibit
G            FORM OF CERTIFICATE OF BENEFICIAL OWNERSHIP

Exhibit
H            FORM OF SUPPLEMENTAL INDENTURE

    	iii

    	 

    

INDENTURE,
dated as of September 16, 2020, among Uber Technologies, Inc., a Delaware corporation, as issuer, the Subsidiaries of the Company
from time to time party hereto and U.S. Bank National Association, a national banking association organized under the laws of
the United States, as Trustee.

Each
party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the Holders of the Notes.

Article
1

Definitions and Incorporation by Reference

Section
1.01.       Definitions.

“Additional
Notes” means any notes issued under this Indenture in addition to the Initial Notes ranking equally and having the same
terms in all respects as the Initial Notes (except the issue date, issue price and the date of the first payment of interest on
the Additional Notes if the Additional Notes are issued after the first payment of interest on the Notes).

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

“Agent”
means any Registrar, co-Registrar, DTC Custodian, or Paying Agent.

“Aggregate
Debt” means the sum of the following as of the date of determination: (1) the then outstanding aggregate principal amount
of Indebtedness of the Company and its Domestic Restricted Subsidiaries, without duplication, incurred after the Existing Notes
Issue Date and secured by Liens not permitted by Section 4.07(a), but including any secured Indebtedness under the Credit
Agreement outstanding on the Existing Notes Issue Date to the extent outstanding at such time; (2) the then outstanding aggregate
principal amount of all Subsidiary Debt incurred after the Existing Notes Issue Date, without duplication, and not permitted by
Section 4.08(b); provided that any such Subsidiary Debt will be excluded from this clause (2) to the extent that such
Subsidiary Debt is included in clause (1) or (3) of this definition; and (3) the then existing Attributable Liens of the Company
and its Domestic Restricted Subsidiaries in respect of sale and lease-back transactions, without duplication, entered into after
the Issue Date pursuant to the last paragraph of Section 4.09; provided that any such Attributable Liens will be excluded
from this clause (3) to the extent that the Indebtedness relating thereto is included in clause (1) or (2) of this definition;
provided further that in no event will the amount of any Indebtedness (including Guarantees of such Indebtedness) be required
to be included in the calculation of Aggregate Debt more than once despite the fact more than one Person is liable with respect
to such Indebtedness and despite the fact such Indebtedness is secured by the assets of more than one Person (for example, and
for avoidance of doubt, in the case where more than one Person has Guaranteed or otherwise become liable for such Indebtedness
or in the case where there are Liens on assets of one or more of the Company and its Domestic Restricted Subsidiaries securing
such Indebtedness or one or more Guarantees thereof, the amount of Indebtedness so Guaranteed or secured shall only be included
once in the calculation of Aggregate Debt).

    	 

    	 

    

“amend”
means amend, modify, supplement, restate or amend and restate, including successively; and “amending” and “amended”
have correlative meanings.

“Applicable
Premium” means, with respect to any Note on any Redemption Date and as calculated by the Company, the greater of:

		(1)	1.0%
                                         of the principal amount of such Note; and

		(2)	the
                                         excess, if any, of (a) the present value at such Redemption Date of (i) the Redemption
                                         Price of such Note that would apply if such Note were redeemed on September 15, 2023
                                         (such Redemption Price (expressed in percentage of principal amount) being set forth
                                         in the table appearing in Section 3.07(b)), plus (ii) all remaining scheduled payments
                                         of interest due on such Note to and including September 15, 2023 (excluding accrued but
                                         unpaid interest, if any, to, but excluding, the Redemption Date), with respect to each
                                         of subclause (i) and (ii), computed using a discount rate equal to the Treasury Rate
                                         as of such Redemption Date plus 50 basis points; over (b) the principal amount of such
                                         Note.

“Applicable
Procedures” means, with respect to any matter at any time relating to a Global Note, the rules, policies and procedures
of the Depositary applicable to such matter.

“Attributable
Liens” means in connection with a sale and lease-back transaction the lesser of (1) the fair market value of the assets
subject to such transactions as determined in good faith by an Officer of the Company and (2) the present value (discounted at
a rate of 10% per annum compounded monthly) of the obligations of the lessee for rental payments during the shorter of the term
of the related lease or the period through the first date on which the Company may terminate the lease.

“Bankruptcy
Law” means Title 11, United States Code, or any similar U.S. Federal or state law or law of any other jurisdiction relating
to bankruptcy, insolvency, winding up, liquidation, reorganization or relief of debtors.

“Board
of Directors” means:

		(1)	with
                                         respect to a corporation, the board of directors of the corporation (including any committee
                                         thereof duly authorized to act on behalf of such board);

		(2)	with
                                         respect to a partnership having only one general partner, the board of directors of the
                                         general partner of the partnership;

		(3)	with
                                         respect to a limited liability company, the conseil de gérance, the conseil d’administration,
                                         the managing member or members or any controlling committee of managing members or other
                                         governing body thereof; and

		(4)	with
                                         respect to any other Person, the board or committee of such Person serving a similar
                                         function.

“Business
Day” means each day that is not a Saturday, Sunday or other day on which banking institutions in New York, New York
or in the place of payment are authorized or required by law to close.

    	2

    	 

    

“Capital
Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of
(or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required
to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations
shall be the capitalized amount thereof determined in accordance with GAAP; provided that, for the avoidance of doubt,
any obligations relating to a lease that was accounted for by such Person as an operating lease as of the Existing Notes Issue
Date and any similar lease entered into after the Existing Notes Issue Date by such Person shall be accounted for as obligations
relating to an operating lease and not as Capital Lease Obligations.

“Capital
Stock” means:

		(1)	in
                                         the case of a corporation, capital stock, shares or share capital;

		(2)	in
                                         the case of an association or business entity, any and all shares, interests, participations,
                                         rights or other equivalents (however designated) of capital stock;

		(3)	in
                                         the case of a partnership or limited liability company, partnership or membership interests
                                         (whether general or limited); and

		(4)	any
                                         other interest or participation that confers on a Person the right to receive a share
                                         of the profits and losses of, or distributions of assets of, the issuing Person;

but shall
not include any debt securities convertible into or exchangeable for any securities otherwise constituting Capital Stock pursuant
to this definition.

“Certificate
of Beneficial Ownership” means a certificate substantially in the form of Exhibit G.

“Certificated
Note” means a Note in registered individual form without interest coupons.

“Change
of Control” means the occurrence of any of the following:

(1)            the
sale, lease, transfer or other conveyance, in one or a series of related transactions, of all or substantially all of the assets
of the Company and its Subsidiaries, taken as a whole, to any Person (other than the Company or any of its Subsidiaries); or

(2)            any
“person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other than
the Company, its Subsidiaries or any employee benefit plan of the Company or its Subsidiaries, has become, and files a Schedule
13D or Schedule TO (or any successor schedule, form or report) pursuant to the Exchange Act disclosing or the Company otherwise
becomes aware that such person or group has become, the direct or indirect “beneficial owner” (as such term is used
in Rules 13d-3 and 13d-5 under the Exchange Act), in a single transaction or in a related series of transactions, by way of merger,
consolidation or other business combination or purchase of beneficial ownership, directly or indirectly, of more than 50% of the
total voting power of the Voting Stock of the Company, unless such beneficial ownership arises solely as a result of a revocable
proxy delivered in response to a public proxy or consent solicitation made pursuant to the applicable rules and regulations under
the Exchange Act and is not also then reportable on Schedule 13D or Schedule 13G (or any successor schedule) under the Exchange
Act; provided, however, that a transaction will not be deemed to involve a Change of Control under this clause (2) if (a)
the Company becomes a direct or indirect wholly owned subsidiary of a holding company, and (b)(i) the direct or indirect holders
of the Voting Stock of such holding company immediately following that transaction are substantially the same as the holders of
the Company’s Voting Stock immediately prior to that transaction or (ii) immediately following that transaction no “person”
or “group” (other than a holding company satisfying the requirements of this sentence) is the beneficial owner, directly
or indirectly, of more than 50% of the Voting Stock of such holding company.

    	3

    	 

    

“Change
of Control Triggering Event” means the occurrence of (1) a Change of Control that is accompanied or followed by a downgrade
of the Notes within the Ratings Decline Period for such Change of Control by each of Moody’s and S&P (or, in the event
Moody’s or S&P or both shall cease rating the Notes (for reasons outside the control of the Company) and the Company
shall select any other nationally recognized rating agency, the equivalent of such ratings by such other nationally recognized
rating agency) and (2) the rating of the relevant Notes on any day during such Ratings Decline Period is below the lower of the
rating by such nationally recognized rating agency in effect (a) immediately preceding the first public announcement of the Change
of Control (or occurrence thereof if such Change of Control occurs prior to public announcement) and (b) on the Issue Date.

“Code”
means the Internal Revenue Code of 1986, as amended.

“Commission”
means the U.S. Securities and Exchange Commission.

“Company”
means Uber Technologies, Inc., a Delaware corporation, until a successor replaces it in accordance with the applicable provisions
of this Indenture and thereafter means the successor serving hereunder and any and all successors thereto hereunder.

“Company
Order” means a written request or order signed in the name of the Company by an Officer and delivered to the Trustee.

    	4

    	 

    

“Consolidated
EBITDA” means, for any Person in such period, Consolidated Net Income for such period plus, without duplication
and to the extent reflected as a charge or otherwise taken into account in the statement of such Consolidated Net Income for such
period, the sum of (a) income tax expense, (b) interest expense, amortization or write-off of debt discount and debt issuance
costs and commissions, discounts and other fees and charges associated with Indebtedness, plus expenses associated with the equity
component of, and any mark-to-market losses with respect to, Convertible Notes, (c) depreciation and amortization expense, (d)
amortization of intangibles (including, but not limited to, goodwill), (e) any extraordinary charges or losses determined in accordance
with GAAP, (f) non-cash stock option and other equity-based compensation expenses and payroll tax expense related to stock option
and other equity-based compensation expenses, (g) any other non-cash charges, non-cash expenses or non-cash losses of the Person
or any of its Restricted Subsidiaries for such period, including any write-down of intangibles (excluding any such charge, expense
or loss incurred in the ordinary course of business that constitutes an accrual of, or a reserve for, cash charges for any future
period), including, for the avoidance of doubt, non-cash foreign currency translation losses and any unrealized losses in respect
of Swap Agreements (including non-cash losses related to currency re-measurement of Indebtedness); provided, however
that cash payments made in such period or in any future period in respect of such non-cash charges, expenses or losses (excluding
any such charge, expense or loss incurred in the ordinary course of business that constitutes an accrual of, or a reserve for,
cash charges for any future period) shall be subtracted from Consolidated Net Income in calculating Consolidated EBITDA in the
period when such payments are made, (h) transition, integration and similar fees, charges and expenses related to acquisitions
or dispositions, (i) restructuring charges or reserves including write-downs and write-offs, including any one-time costs incurred
in connection with acquisitions or dispositions and costs related to the closure, consolidation and integration of facilities,
information technology infrastructure and legal entities, and severance and retention bonuses; (j) the amount of cost savings
and synergies projected by such Person in good faith to be realized as a result of an acquisition, disposition or other corporate
event (including any restructuring or reduction in force), in each case within the four consecutive fiscal quarters following
the consummation of such event (or following the consummation of the squeeze-out merger in the case of an acquisition structured
as a two-step transaction), calculated as though such cost savings and synergies had been realized on the first day of such period
and net of the amount of actual benefits received during such period from such acquisition; provided that (i) an Officer’s
Certificate shall be delivered to the Trustee certifying that such cost savings and synergies are reasonably expected and factually
supportable in the good faith judgment of such Person and (ii) no cost savings or synergies shall be added pursuant to this clause
(j) to the extent duplicative of any expenses or charges otherwise added to Consolidated EBITDA, whether through a pro forma adjustment
or otherwise, for such period (provided that, notwithstanding anything to the contrary, the amount that may be added back
pursuant to clauses (h), (i), (j) and (l) may not in the aggregate for any four fiscal quarter period exceed the greater of (x)
$25,000,000 and (y) 15% of Consolidated EBITDA for such period (determined without giving effect to any such adjustment pursuant
to such clauses (h), (i), (j) and (l))), (k) costs, expenses, settlements and charges related to, arising out of or made in connection
with legal proceedings and regulatory matters (provided that the amount that may be added back pursuant to this clause
(k) may not in the aggregate for any four fiscal quarter period exceed the greater of (x) $25,000,000 and (y) 15% of Consolidated
EBITDA for such period (determined without giving effect to any such adjustment pursuant to this clause (k))), (l) costs, fees,
charges and losses in respect of discontinued operations, (m) adjustments relating to purchase price allocation accounting (including
any write-down of deferred revenue), and (n) fees and expenses directly related to the offering of the Notes or the Existing Notes,
the incurrence of any Indebtedness permitted hereunder, the offering of any Equity Interests by such Person and any acquisition
or disposition transactions, minus, to the extent included in the statement of such Consolidated Net Income for such period
(and without duplication), the sum of (a) interest income, (b) any extraordinary income or gains determined in accordance with
GAAP, and (c) any other non-cash income (excluding any items that represent the reversal of any accrual of, or cash reserve for,
anticipated cash charges in any prior period that are described in the parenthetical to clause (g) above), including for the avoidance
of doubt non-cash foreign currency translation gains (including non-cash gains related to currency re-measurement of Indebtedness),
mark-to-market gains in respect of Convertible Notes and unrealized gains in respect of Swap Agreements, all as determined on
a consolidated basis.

Consolidated
EBITDA shall be calculated after giving effect on a pro forma basis for the applicable Measurement Period to any asset sales or
other dispositions or acquisitions, investment, mergers, consolidations and discontinued operations (as determined in accordance
with GAAP) by such Person and its Restricted Subsidiaries (1) that have occurred during such Measurement Period or at any time
subsequent to the last day of such Measurement Period and on or prior to the date of the transaction in respect of which Consolidated
EBITDA is being determined and (2) that the Company determines in good faith are outside the ordinary course of business, in each
case as if such asset sale or other disposition or acquisition, investment, merger, consolidation or disposed operation occurred
on the first day of such Measurement Period. For purposes of this definition, pro forma calculations shall be made in accordance
with Article 11 of Regulation S-X under the Securities Act; provided that such pro forma calculations may include cost
savings and synergies to the extent permitted by clause (j) above and any adjustments permitted pursuant to clause (m) above relating
to purchase accounting; provided that the Company shall not be required to give pro forma effect to any transaction that
it does not in good faith deem material. Such pro forma calculations shall be made in good faith by a responsible financial or
accounting officer of the Company.

    	5

    	 

    

“Consolidated
Net Income” means, with respect to any Person (the “Measured Person”) for any period, the net income
or loss of such Person and its Restricted Subsidiaries for such period, determined on a consolidated basis in conformity with
GAAP; provided that there shall be excluded (a) the income of any Person that is not a consolidated Restricted Subsidiary
of such Person except to the extent of the amount of cash dividends or similar cash distributions actually paid by such Person
to the Measured Person or, subject to clauses (b) and (c) below, any consolidated Restricted Subsidiary of such Measured Person
during such period, (b) the income of, and any amounts referred to in clause (a) above paid to, any consolidated Restricted Subsidiary
that is not a Guarantor of the Measured Person to the extent that, on the date of determination, the declaration or payment of
cash dividends or similar cash distributions by such Restricted Subsidiary is not permitted without any prior approval of any
Governmental Authority that has not been obtained or is not permitted by the operation of the terms of the organizational documents
of such Restricted Subsidiary, any agreement or other instrument binding upon such Restricted Subsidiary or any law applicable
to such Restricted Subsidiary, unless such restrictions with respect to the payment of cash dividends and other similar cash distributions
have been legally and effectively waived, and (c) the income or loss of, and any amounts referred to in clause (a) above paid
to, any consolidated Restricted Subsidiary that is not wholly owned by the Measured Person to the extent such income or loss or
such amounts are attributable to the noncontrolling interest in such consolidated Restricted Subsidiary.

“Convertible
Notes” means debt securities that are convertible into or exchangeable for any combination of Equity Interests and/or
cash.

“Corporate
Trust Office” means the office of the Trustee at which at any particular time its corporate trust business with respect
to this Indenture shall be administered, which office at the Issue Date is located at the address of the Trustee specified in
Section 11.03 and for Agent services such office shall also mean the office or agency of the Trustee located at the address
of the Trustee specified in Section 11.03, or, in each case, such other address as the Trustee may designate from time to
time by notice to the Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other
address as such successor Trustee may designate from time to time by notice to the Holders and the Company).

“corporation”
includes corporations, associations, companies (including any limited liability company), business trusts and limited partnerships.

“Credit
Agreement” means that certain Term Loan Agreement, dated as of July 13, 2016, between the Company, Morgan Stanley Senior
Funding, Inc., and the financial institutions from time to time party thereto, including any related notes, guarantees, collateral
documents, instruments and agreements executed in connection therewith, as amended, restated, supplemented, modified, renewed,
refunded, replaced (whether at maturity or thereafter) or refinanced from time to time in one or more agreements or indentures
(in each case with the same or new lenders or institutional investors), including any agreement adding or changing the borrower
or guarantor or extending the maturity thereof or otherwise restructuring all or any portion of the Indebtedness thereunder or
increasing the amount loaned or issued thereunder or altering the maturity thereof.

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

    	6

    	 

    

“Default”
means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default.

“Depositary”
means the depositary of each Global Note, which will initially be DTC, or another Person designated as Depositary by the Company,
which Person must be a clearing agency registered under the Exchange Act.

“Derivative
Instrument” with respect to a Person, means any contract, instrument or other right to receive payment or delivery of
cash or other assets to which such Person or any Affiliate of such Person that is acting in concert with such Person in connection
with such Person’s investment in the Notes (other than a Screened Affiliate) is a party (whether or not requiring further
performance by such Person), the value and/or cash flows of which (or any material portion thereof) are materially affected by
the value and/or performance of the Notes and/or the creditworthiness of the Company and/or any one or more of the Guarantors
(the “Performance References”).

“Disqualified
Stock” means, with respect to any Person, any Capital Stock of such Person which, by its terms (or by the terms of any
security into which it is convertible or for which it is putable or exchangeable), or upon the happening of any event, matures
or is mandatorily redeemable (other than as a result of a change of control, fundamental change or asset sale), pursuant to a
sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than as a result of a change
of control, fundamental change or asset sale), in whole or in part, in each case for consideration other than Qualified Stock
prior to the date that is 91 days after the earlier of the final maturity date of the Notes or the date the Notes are no longer
outstanding; provided, however, that if (a) only the portion of such Capital Stock which is required to be redeemed,
is so convertible or exchangeable or is so redeemable at the option of the holder thereof before such date will be deemed to be
Disqualified Stock, and (b) such Capital Stock is issued to any plan for the benefit of employees of the Company or any of its
Subsidiaries or transferred by any such plan to such employees, such Capital Stock shall not constitute Disqualified Stock solely
because it may be required to be repurchased by the Company or any of its Subsidiaries in order to satisfy applicable statutory
or regulatory obligations.

“Domestic
Restricted Subsidiary” means any Domestic Subsidiary of such Person that is a Restricted Subsidiary.

“Domestic
Subsidiary” means, with respect to any Person, any Subsidiary of such Person organized or existing under the laws of
the United States, any state thereof or the District of Columbia, excluding (x) any such Subsidiary substantially all of the assets
of which consist of Equity Interests (or such Equity Interests and obligations owed or treated as owed by such Subsidiaries) in
(i) one or more Subsidiaries that are “controlled foreign corporations” within the meaning of Section 957 of the Code
or (ii) one or more Subsidiaries otherwise described in this clause (x) and (y) any such Subsidiary that is owned (directly or
indirectly) by a Subsidiary that is a “controlled foreign corporation” within the meaning of Section 957 of the Code.

“DTC”
means The Depository Trust Company, a New York corporation, and its successors.

“DTC
Custodian” means the Trustee as custodian with respect to the Global Notes or any successor entity thereto.

“DTC
Legend” means the legend set forth in Exhibit C.

    	7

    	 

    

“Equity
Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any
debt security that is convertible into, or exchangeable for, Capital Stock).

“Equity
Offering” means a public or private offering for cash by the Company, or any direct or indirect parent of the Company,
of Capital Stock or options, warrants or rights with respect to the Capital Stock (in the case of an offering by any direct or
indirect parent of the Company, to the extent such cash proceeds are contributed to the Company), other than (1) public offerings
registered on Form S-8, (2) an issuance to any Subsidiary or other affiliate or (3) Disqualified Stock.

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated
thereunder.

“Existing
Notes Issue Date” means November 7, 2018.

“GAAP”
means generally accepted accounting principles in the United States which are in effect from time to time.

“Global
Note” means a Note in registered global form registered in the name of the Depositary or its nominee, without interest
coupons.

“Governmental
Authority” means the government of the United States of America, any other nation or any political subdivision thereof,
whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including
any supra-national bodies such as the European Union or the European Central Bank).

“Guarantee”
means a guarantee other than by endorsement of negotiable instruments for collection or deposit in the ordinary course of business,
direct or indirect, in any manner including, without limitation, through letters of credit or reimbursement agreements in respect
thereof, of all or any part of any Indebtedness; provided that the term Guarantee shall not include customary indemnification
obligations entered into in connection with any acquisition or disposition of assets or of other entities (other than to the extent
that the primary obligations that are the subject of such indemnification obligation would be considered Indebtedness hereunder);
and “Guaranteed” and “Guaranteeing” shall have correlative meanings. When used as a verb,
“Guarantee” shall have a corresponding meaning. The amount of Indebtedness of another Person Guaranteed by
the specified Person or one or more of such Persons as of any date shall be equal to the lesser of: (a) the principal amount of
such Indebtedness of such other Person and (b) the maximum principal amount of such Indebtedness payable under the Guarantee or
Guarantees (without duplication in the case of one or more Guarantees of the same Indebtedness by Subsidiaries).

“Guarantor”
means any Person that provides a Note Guarantee, either on the Issue Date or after the Issue Date in accordance with the terms
of this Indenture; provided that upon the release and discharge of such Person from its Note Guarantee in accordance with
this Indenture, such Person shall cease to be a Guarantor.

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

    	8

    	 

    

“Indebtedness”
of any specified Person means any indebtedness for borrowed money. For the avoidance of doubt, with respect to any Person, Indebtedness
includes only indebtedness for the repayment of money provided to such Person, and does not include any other kind of indebtedness
or obligation notwithstanding that such other indebtedness or obligation may be evidenced by a note, bond, debenture or other
similar instrument, may be in the nature of a financing transaction, or may be an obligation that under GAAP is classified as
“debt” or another type of liability, whether required to be reflected on the balance sheet of such Person or otherwise.
For the further avoidance of doubt, the inclusion of specific obligations in Section 4.08(b) shall not create any implication
that any such obligations constitute Indebtedness.

The
amount of any Indebtedness outstanding as of any date will be:

(1)            the
accreted value of the Indebtedness, in the case of any Indebtedness that does not require the current payment of interest;

(2)            the
principal amount of the Indebtedness, in the case of any other Indebtedness;

(3)            in
respect of Indebtedness of another Person secured by a Lien on the assets of the specified Person (not otherwise Guaranteed by
the specified Person), the lesser of: (a) the fair value (as determined in good faith by an Officer of the Company) of such assets
at the date of determination and (b) the principal amount of the Indebtedness of the other Person; and

(4)            in
respect of any Indebtedness of another Person Guaranteed by the specified Person or one or more Persons, the lesser of (a) the
principal amount of such Indebtedness of such other Person and (b) the maximum amount of Indebtedness payable under the Guarantee
or Guarantees (without duplication in the case of one or more Guarantees of Indebtedness by Domestic Restricted Subsidiaries).

In
addition, accrual of interest and accretion or amortization of original issue discount will not be deemed to be an incurrence
of Indebtedness for any purpose under this Indenture.

Notwithstanding
the foregoing, Indebtedness shall not include third party obligations included in the Company’s financial statements as
a result of variable interest entity accounting or any Indebtedness among the Company and its Restricted Subsidiaries.

“Indenture”
means this Indenture, as amended or supplemented from time to time in accordance with its terms.

“Initial
Notes” means the $500,000,000 aggregate principal amount of the 6.250% Senior Notes due 2028 of the Company issued pursuant
to this Indenture on the Issue Date.

“Institutional
Accredited Investor” means an institution that is an “accredited investor” (as defined) in Rule 501(a)(1),
(2), (3) or (7) under the Securities Act.

“Institutional
Accredited Investor Certificate” means a certificate substantially in the form of Exhibit F hereto.

“Interest
Payment Date” means January 15 or July 15 of each year, as applicable.

“Investment
Grade” means (1) BBB- or above, in the case of S&P (or its equivalent under any successor rating categories of S&P)
and Baa3 or above, in the case of Moody’s (or its equivalent under any successor rating categories of Moody’s), or
(2) the equivalent to the foregoing in respect of the rating categories of any other Rating Agencies.

    	9

    	 

    

“Issue
Date” means the date of original issuance of the Notes under this Indenture.

“Joint
Venture” means, with respect to any Person, any partnership, corporation or other entity in which up to and including
50% of the Equity Interests is owned, directly or indirectly, by such Person or one or more of its Subsidiaries. A Joint Venture
shall not be treated as a Subsidiary.

“Legal
Holiday” means a Saturday, a Sunday or a day on which banking institutions are not required to be open in the City of
New York.

“Lien”
means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or similar encumbrance; provided
that in no event shall a lease that was, or would have been, accounted for by such Person as an operating lease as of the Existing
Notes Issue Date be deemed to constitute a Lien.

“Limited
Conditionality Acquisition” means any acquisition whose consummation is not conditioned on (a) the availability of,
or on obtaining, third party financing, (b) the receipt of proceeds of any investment or (c) the redemption or repayment of indebtedness
requiring irrevocable notice in advance of such redemption or repayment.

“Long
Derivative Instrument” means a Derivative Instrument (i) the value of which generally increases, and/or the payment
or delivery obligations under which generally decrease, with positive changes to the Performance References and/or (ii) the value
of which generally decreases, and/or the payment or delivery obligations under which generally increase, with negative changes
to the Performance References.

“Measurement
Period” means, at any date of determination, the most recently completed four fiscal quarters of the Company for which
financial statements have been filed with the Commission, or in the event that, at any date of determination, the Company is not
subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, the most recently completed four fiscal quarters
of the Company for which financial statements have been provided pursuant to this Indenture.

“Mission
Bay Campus” means the headquarters of the Company or its Subsidiaries expected to be located at 1515, 1455, 1655 &
1725 Third Street, San Francisco, CA 94158.

“Moody’s”
means Moody’s Investors Service, Inc. and any successor to its rating agency business.

“Net
Short” means, with respect to a Holder or beneficial owner, as of a date of determination, either (i) the value of its
Short Derivative Instruments exceeds the sum of (x) the value of its Notes plus (y) the value of its Long Derivative Instruments
as of such date of determination or (ii) it is reasonably expected that such would have been the case were a Failure to Pay or
Bankruptcy Credit Event (each as defined in the 2014 International Swaps and Derivatives Association, Inc. Credit Derivatives
Definitions) to have occurred with respect to the Company or any Guarantor immediately prior to such date of determination.

“Non-U.S.
Person” means a Person who is not a U.S. Person, as defined in Regulation S.

“Note
Guarantee” means any Guarantee of the obligations of the Company under this Indenture and the Notes by a Guarantor in
accordance with the provisions of this Indenture.

    	10

    	 

    

“Notes”
means the Initial Notes and the Additional Notes, if any, issued by the Company pursuant to this Indenture.

“Offering
Memorandum” means the preliminary offering memorandum, dated as of September 14, 2020, as supplemented by the related
pricing term sheet dated September 14, 2020, relating to the offering and sale of the Notes.

“Officer”
means the Chairman of the Board, the Chief Executive Officer, the President, the Chief Financial Officer, the Chief Accounting
Officer, any Executive Vice President, Senior Vice President or Vice President, the Treasurer or the Secretary, the most senior
financial officer from time to time, or any equivalent, of the Company.

“Officer’s
Certificate” means a certificate signed on behalf of the Company by one Officer of the Company.

“Offshore
Global Note” means a Global Note representing Notes issued and sold pursuant to Regulation S; provided that any
such Regulation S Global Note shall be deemed to be a “temporary global security” for purposes of Rule 904 under Regulation
S until the expiration of the Restricted Period.

“Opinion
of Counsel” means a written opinion from legal counsel delivered to the Trustee, which counsel may be an employee of
or counsel to the Company or any Subsidiary, or other counsel acceptable to the Trustee, which opinion may contain customary exceptions
and qualifications as to the matters set forth therein, that is delivered to the Trustee.

“Permitted
Liens” means:

(1)            Liens
on any assets created solely to secure obligations incurred to finance the refurbishment, improvement or construction of such
asset, which obligations are incurred no later than 12 months after completion of such refurbishment, improvement or construction,
and all renewals, extensions, refinancings, replacements or refundings of such obligations;

(2)            (a)
Liens given to secure the payment of the purchase price or other acquisition, installation or construction costs incurred in connection
with the acquisition (including acquisition through merger or consolidation) of any Principal Property, including capital lease
transactions in connection with any such acquisition and including any purchase money Liens, and (b) Liens existing on any Principal
Property at the time of acquisition (including acquisition through merger or consolidation) thereof or at the time of acquisition
by the Company or any Subsidiary of any Person then owning such property whether or not such existing Liens were given to secure
the payment of the purchase price of the property to which they attach; provided that with respect to clause (a), the Liens
shall be given within 270 days after such acquisition and shall attach solely to the Principal Property acquired or purchased
and any improvements then or thereafter placed thereon and any proceeds thereof;

(3)            Liens
given to secure all or any portion of the payment of or financing of all or any part of the purchase price or other acquisition,
cost of development, installation, construction, alteration, improvement, operation or repair costs incurred in connection with
the acquisition (including acquisition through merger or consolidation) of any Principal Property, including Capital Lease Obligations
in connection with any such acquisition and including any purchase money Liens; provided that the Liens shall be given
(or given pursuant to a firm commitment financing arrangement obtained within such period) within 270 days after the later of
(i) such acquisition and/or the completion of any development, installation, construction, alteration, improvement, operation
or repair, whichever is later, and (ii) the placing into commercial operation of such Principal Property after such acquisition
or completion of any construction, alteration, improvement or repair, and shall attach solely to the Principal Property acquired
or purchased and any additions, accessions or improvements then or thereafter placed thereon and any proceeds thereof;

    	11

    	 

    

(4)            Liens
existing on any Principal Property at the time of acquisition of such Principal Property by the Company or any Subsidiary of the
Company or Liens existing on assets of a Person and its Subsidiaries prior to the time such Person becomes a Subsidiary (including
acquisition through merger or consolidation) or at the time of such acquisition by the Company or any Subsidiary of the Company;
provided that such Liens do not extend to other assets of the Company or its other Subsidiaries;

(5)            Liens
in favor of the Company or a Subsidiary of the Company;

(6)            Liens
on any Principal Property in favor of the United States of America or any State thereof or any political subdivision thereof to
secure progress or other payments or to secure Indebtedness incurred for the purpose of financing the cost of acquiring, constructing,
improving or repairing such Principal Property;

(7)            Liens
in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with
the importation of goods and Liens deemed to exist in connection with investments in repurchase agreements;

(8)            Liens
imposed by law, such as carriers’, warehousemen’s and mechanic’s Liens and other similar Liens arising in the
ordinary course of business;

(9)            Liens
in connection with legal proceedings and Liens arising solely by virtue of any statutory, common law or contractual provision
relating to banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts, securities accounts
or other funds maintained with a creditor depository institution;

(10)          Liens
for taxes, assessments or other governmental charges not yet overdue for a period of more than 30 days or subject to penalties
for non-payment or which are being contested in good faith by appropriate proceedings;

(11)          pledges
and deposits to secure the performance of bids, trade or commercial contracts (including insurance contracts), government contracts,
purchase, construction, sales and servicing contracts (including utility contracts), leases, public, statutory or regulatory obligations,
surety, stay, customs and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary
course of business, deposits as security for contested taxes, import or other customs, duties, liabilities to insurance carriers
or for the payment of rent and Liens to secure letters of credit, Guarantees, bonds or other sureties given in connection with
the foregoing or in connection with workers’ compensation, unemployment insurance or other types of social security or similar
laws and regulations;

    	12

    	 

    

(12)          leases,
subleases, licenses or sublicenses granted to others not interfering in any material respect with the business of the Company
and its Restricted Subsidiaries, taken as a whole;

(13)          Liens
upon specific items of inventory or other goods, documents of title and proceeds of any Person securing such Person’s obligation
in respect of letters of credit or banker’s acceptances issued or created in the ordinary course of business for the account
of such Person to facilitate the purchase, shipment, or storage of such inventory or other goods;

(14)          Liens
on stock, partnership or other Equity Interests in any Joint Venture of the Company or any of its Subsidiaries or in any Subsidiary
of the Company that owns an Equity Interest in a Joint Venture to secure Indebtedness contributed or advanced solely to that Joint
Venture, including, but not limited to, put and call arrangements set forth in the applicable Joint Venture organizational documents
or any related Joint Venture, shareholders, investor rights or similar agreement;

(15)          Liens
and deposits securing netting services, business credit card programs, overdraft protection and other treasury, depository and
cash management services or incurred in connection with any automated clearing-house transfers of funds or other fund transfer
or payment processing services;

(16)          Liens
on, and consisting of, deposits made by the Company to discharge or defease the Notes and this Indenture, or any other Indebtedness;

(17)          Liens
on insurance policies and the proceeds thereof incurred in connection with the financing of insurance premiums;

(18)          Liens
securing Swap Agreements;

(19)          the
interest and title of a lessor or licensor under any lease, license, sublease or sublicense entered into by the Company or any
Restricted Subsidiary in the ordinary course of business and other statutory and common law landlords’ Liens under leases;

(20)          in
connection with the sale of transfer of any assets in a transaction not prohibited hereunder, customary rights and restrictions
contained in agreements relating to such sale or transfer pending the completion thereof;

(21)          Liens
on the Capital Stock of any Unrestricted Subsidiary;

(22)          Liens
securing reimbursement obligations with respect to commercial letters of credit which encumber documents and other property relating
to such letters of credit and products and proceeds thereof;

(23)          Liens
arising from Uniform Commercial Code financing statement filings regarding a lease that was accounted for by such Person as an
operating lease as of the Issue Date entered into by the Company and its Subsidiaries in the ordinary course of business;

(24)          Easements,
rights of way, minor encroachments, protrusions, municipal and zoning and building ordinances and similar charges, encumbrances,
title defects or other irregularities, governmental restrictions on the use of property or conduct of business, and Liens in favor
of Governmental Authorities and public utilities, that do not materially interfere with the ordinary course of business of the
Company and its Subsidiaries, taken as a whole;

(25)          Liens
on earnest money deposits of cash and cash equivalents made in connection with any acquisition;

    	13

    	 

    

(26)          any
extension, renewal, substitution or replacement (or successive extensions, renewals, substitutions or replacements), in whole
or in part, of any Lien referred to in this or the preceding bullet points, or any Liens that secure an extension, renewal, replacement,
refinancing or refunding (including any successive extensions, renewals, replacements, refinancings or refundings) of any Indebtedness
within 12 months of the maturity, retirement or other repayment or prepayment of the Indebtedness (including any such repayment
pursuant to amortization obligations with respect to such Indebtedness) being extended, renewed, substituted, replaced, refinanced
or refunded, which Indebtedness is or was secured by a Lien referred to in this or the preceding bullet points;

(27)          Liens
on any real property, buildings or fixtures located at the company’s Mission Bay Campus that are subject to a sale and leasing
back transaction permitted by Section 4.09;

(28)          Liens
in the nature of the right of setoff in favor of counterparties to contractual agreements not otherwise prohibited hereunder with
the Company or any of its Restricted Subsidiaries in the ordinary course of business; or

(29)          Liens
securing Indebtedness in an aggregate principal amount not to exceed $300.0 million at any time outstanding.

“Person”
means any individual, corporation, partnership, joint venture, association, joint stock company, trust, unincorporated organization,
limited liability company or government or other entity.

“Place
of Payment”, when used with respect to the Notes, means the place or places where the principal of (and premium, if
any) and interest on the Notes are payable as specified as contemplated by Section 4.02.

“Principal
Property” means, with respect to any Person, all of such Person’s interests in any kind of property or asset (including
the Capital Stock in and other securities of any other Person), except if the Board of Directors by resolution determines in good
faith (taking into account, among other things, the materiality of such property to the business, financial condition and earnings
of the Company and its Subsidiaries taken as a whole) such property or asset is not material to the business of the Company and
its Subsidiaries, taken as a whole; provided that in no event shall assets of an Unrestricted Subsidiary constitute Principal
Property.

“Purchase
Money Indebtedness” means Indebtedness incurred to finance the acquisition, construction or improvement of any fixed
or capital asset to the extent incurred prior to or within 270 days following such acquisition, construction or improvement.

“Qualified
Stock” means, with respect to any Person, any Capital Stock of such Person other than Disqualified Stock.

“Rating
Agencies” means (1) S&P and Moody’s or (2) if S&P or Moody’s or both of them are not making ratings
publicly available, a nationally recognized statistical rating organization within the meaning of Section 3(a)(62) under the Exchange
Act, as the case may be, selected by the Company in its discretion, which will be substituted for S&P or Moody’s or
both, as the case may be.

    	14

    	 

    

“Ratings
Decline Period” means, with respect to any Change of Control, the period that (1) begins on the earlier of (a) the date
of the first public announcement of the occurrence of such Change of Control or of the intention by the Company or a stockholder
of the Company, as applicable, to effect such Change of Control or (b) the occurrence of such Change of Control and (2) ends on
the 60th calendar day following consummation of such Change of Control; provided, however, that such period shall
be extended for so long as the rating of the Notes, as noted by the applicable rating agency, is under publicly announced consideration
for downgrade by the applicable rating agency.

“Redemption
Date,” when used with respect to any Note to be redeemed pursuant to Article 3 of this Indenture, means the
date fixed for such redemption pursuant to the terms of such Article 3.

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

“Regular
Record Date” for the interest payable on any Interest Payment Date means the January 1 or July 1 (whether or not a Business
Day) immediately preceding such Interest Payment Date.

“Regulation
S” means Regulation S promulgated under the Securities Act.

“Regulation
S Certificate” means a certificate substantially in the form of Exhibit D hereto.

“Responsible
Officer” means, when used with respect to the Trustee, any officer of the Trustee within the Corporate Trust Division
- Corporate Finance Unit (or any successor unit) of the trustee located at the Corporate Trust Office who has direct responsibility
for the administration of this Indenture and, for the purposes of Section 7.01(c)(2) and the second sentence of Section
7.05 shall also mean any other officer of the Trustee to whom any corporate trust matter is referred because of such officer’s
knowledge of and familiarity with the particular subject.

“Restricted
Legend” means the legend in the form attached as Exhibit B hereto.

“Restricted
Period” means the relevant 40-day distribution compliance period as defined in Regulation S.

“Restricted
Subsidiary” means any Subsidiary that is not an Unrestricted Subsidiary.

“Rule
144” means Rule 144 promulgated under the Securities Act.

“Rule
144A” means Rule 144A promulgated under the Securities Act.

“Rule
144A Certificate” means (i) a certificate substantially in the form of Exhibit E hereto or (ii) a written certification
addressed to the Company and the Trustee to the effect that the Person making such certification (x) is acquiring the Note (or
beneficial interest therein) for its own account or one or more accounts with respect to which it exercises sole investment discretion
and that it and each such account is a qualified institutional buyer within the meaning of Rule 144A, (y) is aware that the transfer
to it or exchange, as applicable, is being made in reliance upon the exemption from the provisions of Section 5 of the Securities
Act provided by Rule 144A, and (z) acknowledges that it has received such information regarding the Company as it has requested
pursuant to Rule 144A(d)(4) or has determined not to request such information.

    	15

    	 

    

“Rule
904” means Rule 904 promulgated under the Securities Act.

“S&P”
means Standard & Poor’s Ratings Services, a division of McGraw Hill Financial, Inc., and any successor to its rating
agency business.

“Screened
Affiliate” means any Affiliate of a Holder (i) that makes investment decisions independently from such Holder and any
other Affiliate of such Holder that is not a Screened Affiliate, (ii) that has in place customary information screens between
it and such Holder and any other Affiliate of such Holder that is not a Screened Affiliate and such screens prohibit the sharing
of information with respect to the Company or its Subsidiaries, (iii) whose investment policies are not directed by such Holder
or any other Affiliate of such Holder that is acting in concert with such Holder in connection with its investment in the Notes,
and (iv) whose investment decisions are not influenced by the investment decisions of such Holder or any other Affiliate of such
Holder that is acting in concert with such Holders in connection with its investment in the Notes.

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder.

“Short
Derivative Instrument” means a Derivative Instrument (i) the value of which generally decreases, and/or the payment
or delivery obligations under which generally increase, with positive changes to the Performance References and/or (ii) the value
of which generally increases, and/or the payment or delivery obligations under which generally decrease, with negative changes
to the Performance References.

“Significant
Subsidiary” means any Restricted Subsidiary that would be a “significant subsidiary” as defined under clauses
(1) or (2) of Rule 1-02(w) of Regulation S-X, promulgated pursuant to the Securities Act, as such Regulation is in effect on the
Issue Date (except, with respect to each test contained therein, substituting 20 percent instead of 10 percent as the applicable
threshold).

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

“Subsidiary”
means, with respect to any specified Person:

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

(2)            any
partnership, joint venture, limited liability company or similar entity of which (x) more than 50% of the capital accounts, distribution
rights, total equity and voting interests or general or limited partnership interests, as applicable, are owned or controlled,
directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof whether
in the form of membership, general, special or limited partnership or otherwise and (y) such Person or any Wholly Owned Subsidiary
of such Person is a controlling general partner or otherwise controls such entity.

    	16

    	 

    

“Supplemental
Indenture” means a supplemental indenture substantially in the form attached as Exhibit H hereto.

“Swap
Agreement” means any agreement with respect to any swap, forward, future or derivative transaction or option or similar
agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities,
or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction
or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on
account of services provided by current or former directors, officers, employees or consultants of the Company or its Subsidiaries
shall be a Swap Agreement.

“Treasury
Rate” means, as of the applicable Redemption Date, the yield to maturity at the time of computation of United States
Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release
H.15 (519) which has become publicly available at least two Business Days prior to the date fixed for prepayment (or, if such
statistical release is no longer published, any publicly available source for similar market data)) most nearly equal to the period
from the Redemption Date to September 15, 2023; provided, however, that if the period from the Redemption Date to
September 15, 2023 is not equal to the constant maturity of a United States Treasury security for which a weekly average yield
is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the
weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the
Redemption Date to September 15, 2023 is less than one year, the weekly average yield on actually traded United States Treasury
securities adjusted to a constant maturity of one year shall be used.

“Trust
Indenture Act” means the Trust Indenture Act of 1939, as amended.

“Trustee”
means U.S. Bank National Association, until a successor replaces it in accordance with the applicable provisions of this Indenture
and thereafter means the successor serving hereunder.

“Unrestricted
Subsidiaries” means, collectively, (a) Aleka Insurance, Inc., (b) Neben, LLC and its Subsidiaries, (c) entities for
which the primary purpose is to operate, commercialize or develop autonomous or self-driving vehicles, or technology related thereto
(including Apparate International C.V., Apparate Canada, Inc., UATC, LLC and their respective Subsidiaries), (d) entities for
which the primary purpose is to operate, commercialize or develop class 6 or above trucking or freight brokerage services, or
technology related thereto (including Uber Freight, LLC and its Subsidiaries), (e) entities for which the primary purpose is to
operate, commercialize or develop food delivery, and logistics services (including UberEATS and UberHealth), or technology related
thereto (including Anderes, LLC and its Subsidiaries), (f) entities for which the primary purpose is to operate, commercial or
develop personal mobility devices (including bikes, scooters and hoverboards), or technology related thereto (including SMB Holding
Corporation, Social Bicycles, LLC and Social Scooters, LLC and their respective Subsidiaries), (g) Lion City Holdings Pte. Ltd.
and its Subsidiaries (including Lion City Rentals Pte. Ltd.), (h) captive financing entities and their respective Subsidiaries,
(i) any entities for which the primary purpose is to own or develop real estate, (j) any entities for which the primary purpose
is to operate, commercialize or develop aerial vehicles, or technology related thereto, (k) any entities for which the primary
purpose is to operate, commercialize or develop a service that provides flexible earnings opportunities for workers by matching
workers with staffing organizations that will employ the worker and with third-party customers that require temporary labor, or
technology related thereto, (l) any entities for which the primary purpose is to operate, commercialize or develop public transit
services and (m) each Subsidiary substantially all of the assets of which consist of Equity Interests in one or more Subsidiaries
described in clauses (a) – (l) of this definition; provided that in each such case that no Person shall be an Unrestricted
Subsidiary unless it is also at such time designated as an “unrestricted subsidiary” under the Credit Agreement; and
provided further that, so long as no Default or Event of Default has occurred and is continuing or shall result therefrom,
the Company shall be permitted to designate any such Unrestricted Subsidiary as a Restricted Subsidiary by written notice to the
Trustee specifying that such Unrestricted Subsidiary shall be deemed a Restricted Subsidiary effective as of the date of such
written notice. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence at the
time of designation of any Indebtedness or Liens of such Subsidiary existing at such time.

    	17

    	 

    

“U.S.
Global Note” means a Global Note that bears the Restricted Legend representing Notes issued and sold pursuant to Rule
144A.

“U.S.
Government Securities” means securities that are

(i)            direct
obligations of the United States of America for the timely payment of which its full faith and credit is pledged; or

(ii)            obligations
of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America, the timely
payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America,

which,
in either case, are not callable or redeemable at the option of the issuers thereof, and shall also include a depository receipt
issued by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such U.S. Government
Securities or a specific payment of principal of or interest on any such U.S. Government Securities held by such custodian for
the account of the holder of such depository receipt; provided that (except as required by law) such custodian is not authorized
to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian
in respect of the U.S. Government Securities or the specific payment of principal of or interest on the U.S. Government Securities
evidenced by such depository receipt.

“U.S.
Person” means a U.S. Person as defined in Rule 902(k) promulgated under the Securities Act.

“Voting
Stock” of any Person as of any date means the Capital Stock of such Person that is at the time ordinarily entitled to
vote in the election of the Board of Directors of such Person.

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

    	18

    	 

    

Section
1.02.       Other Definitions.

	Term
	 	Defined
                                         in Section

	“act”	 	11.02
	“Agent
    Members”	 	2.09(b)
	“Change
    of Control Offer”	 	4.10(a)
	“Change
    of Control Payment”	 	4.10(a)
	“Change
    of Control Payment Date”	 	4.10(a)
	“Covenant
    Defeasance”	 	9.01(b)
	“Default
    Direction”	 	6.01(a)
	“Directing
    Holder”	 	6.01(a)
	“Event
    of Default”	 	6.01
	“Legal
    Defeasance”	 	9.01(b)
	“Note
    Register”	 	2.09(a)
	“Noteholder
    Direction”	 	6.01(a)
	“Paying
    Agent”	 	2.03(a)
	“Position
    Representation”	 	6.01(a)
	“Registrar”	 	2.03(a)
	“Reversion
    Date”	 	4.15(b)
	“Subsidiary
    Debt”	 	4.08(a)
	“Suspension
    Date”	 	4.15(a)
	“Suspension
    Period”	 	4.15(b)
	“Suspended
    Provisions”	 	4.15(a)
	“Verification
    Covenant”	 	6.01(a)

 

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

(1)            a
term has the meaning assigned to it herein, whether defined expressly or by reference;

(2)            unless
otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall
be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP;

(3)            “or”
is not exclusive;

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

(5)            “will”
shall be interpreted to express a command;

(6)            words
used herein implying any gender shall apply to both genders;

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

(8)            “$,”
“U.S. Dollars” and “United States Dollars” each refer to United States dollars, or such other money of
the United States that at the time of payment is legal tender for payment of public and private debts;

(9)            references
to sections of or rules under the Securities Act, the Exchange Act or the Trust Indenture Act will be deemed to include substitute,
replacement of successor sections or rules adopted by the Commission from time to time;

(10)          unless
otherwise provided, references to agreements and other instruments shall be deemed to include all amendments and other modifications
to such agreements or instruments, but only to the extent such amendments and other modifications are not prohibited by the terms
of this Indenture;

    	19

    	 

    

(11)          in
the event that a transaction meets the criteria of more than one category of permitted transactions or listed exceptions, the
Company may classify such transaction as it, in its sole discretion, determines; and

(12)          references
to Sections, Articles or Exhibits are references to Sections, Articles or Exhibits of or to this Indenture unless context otherwise
requires.

Section
1.04.         Accounting
Terms; GAAP. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein
shall be construed, and all computations of amounts and ratios referred to herein shall be made without giving effect to (a) any
change to GAAP occurring after the Existing Notes Issue Date as a result of the adoption of any proposals set forth in the Proposed
Accounting Standards Update, Leases (Topic 840), issued by the Financial Accounting Standards Board on August 17, 2010, or any
other proposals issued by the Financial Accounting Standards Board in connection therewith, in each case if such change would
require treating any lease (or similar arrangement conveying the right to use) as a capital lease where such lease (or similar
arrangement) was not required to be so treated under GAAP as in effect on Issue Date, (b) any election under the Statement of
Financial Accounting Standards No. 159 (ASC 825) (or any similar accounting principle) permitting or requiring a Person to value
its financial liabilities or Indebtedness at the fair value thereof and (c) any treatment of Indebtedness in respect of convertible
debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting
Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein,
and such Indebtedness shall at all times be valued at the full stated principal amount thereof.

Article
2

The Notes

Section
2.01.           Form,
Dating and Denominations; Legends. 

(a)            
The Notes and the Trustee’s or Authenticating Agent’s certificate of authentication will be substantially in
the form attached as Exhibit A. The terms and provisions contained in the form of the Note annexed as Exhibit A constitute, and
are hereby expressly made, a part of this Indenture. The Notes may have notations, legends or endorsements required by law, rules
of or agreements with national securities exchanges to which the Company is subject, or usage. Each Note will be dated the date
of its authentication. The Notes will be issuable in minimum denominations of $2,000 in principal amount and integral multiples
of $1,000 in excess thereof.

(b)            (1)            Except as otherwise provided in Section
2.01(c), Section 2.09(b)(4) or Section 2.10(b)(3) or (c), each Initial Note will bear the Restricted Legend.

(2)           
Each Global Note, whether or not an Initial Note, will bear the DTC Legend.

(c)            (1) If the Company determines (upon the advice of counsel and such other certifications and evidence as the Company may
reasonably require) that a Note is eligible for resale pursuant to Rule 144 (or a successor provision) without the need for current
public information and that the Restricted Legend is no longer necessary or appropriate in order to ensure that subsequent transfers
of such Note (or a beneficial interest therein) are effected in compliance with the Securities Act, or (2) after an Initial
Note is sold pursuant to an effective registration statement under the Securities Act, then, in the case of either (1) or (2),
the Company may either (x) provide the Trustee with a Company Order instructing the Trustee to cancel such Note and authenticate
and deliver to the Holder thereof (or to its transferee) a new Note of like tenor and amount, registered in the name of the Holder
thereof (or its transferee), that does not bear the Restricted Legend, together with an Officer’s Certificate and an Opinion
of Counsel, and the Trustee will comply with such Company Order or (y) in the case of a Global Note, instruct the DTC Custodian
in writing to so surrender any Global Note as to which any of the conditions set forth in clause (1) and (2) have been
satisfied, and, upon such instruction, the DTC Custodian shall so surrender such Global Note for exchange; and any new Global
Note so exchanged therefor shall not bear the Restricted Legend and shall not be assigned a restricted CUSIP number. Any such
exchange with respect to Global Notes shall comply with the Applicable Procedures.

    	20

    	 

    

(d)            
By its acceptance of any Note bearing the Restricted Legend (or any beneficial interest in such a Note), each Holder thereof
and each owner of a beneficial interest therein acknowledges the restrictions on transfer of such Note (and any such beneficial
interest) set forth in this Indenture and in the Restricted Legend and agrees that it will transfer such Note (and any such beneficial
interest) only in accordance with this Indenture and such legend.

Section
2.02.           Execution and Authentication;
Additional Notes. 

(a)            
An Officer shall execute the Notes for the Company by facsimile or manual signature in the name and on behalf of the Company.
If an Officer whose signature is on a Note no longer holds that office at the time the Note is authenticated, the Note will still
be valid.

(b)            
A Note will not be valid until the Trustee or Authenticating Agent manually signs the certificate of authentication on
the Note, with the signature conclusive evidence that the Note has been authenticated under this Indenture.

(c)            
At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Notes executed
by the Company to the Trustee or Authenticating Agent for authentication. The Trustee will authenticate and deliver:

(i)           
Initial Notes for original issue in the aggregate principal amount not to exceed $500,000,000; and

(ii)           
Additional Notes from time to time for original issue in aggregate principal amounts specified by the Company (provided that
if such Additional Notes are not fungible with the Initial Notes for U.S. federal income tax or securities law purposes, then
such Additional Notes will have one or more separate CUSIP numbers);

after
receipt by the Trustee or Authenticating Agent of a Company Order specifying:

(A)           the
amount of Notes to be authenticated and the date on which the Notes are to be authenticated,

(B)           whether
the Notes are to be Initial Notes or Additional Notes,

(C)           whether
the Notes are to be issued as one or more Global Notes or Certificated Notes, and

(D)           other
information the Company may determine to include or the Trustee or Authenticating Agent may reasonably request.

    	21

    	 

    

(d)            
Initial Notes and any Additional Notes will be treated as a single class for all purposes under this Indenture and will
vote together as one class on all matters with respect to the Notes.

Section
2.03.          Registrar, Paying
Agent and Authenticating Agent; Paying Agent to Hold Money in Trust.  (a) The Company may appoint one or more “Registrars”
and one or more “Paying Agents”, and the Trustee may appoint an “Authenticating Agent”,
in which case each reference in this Indenture to the Trustee in respect of the obligations of the Trustee to be performed by
that Agent will be deemed to be references to the Agent. The Company may act as Registrar or (except for purposes of Article
9) Paying Agent. In each case the Company and the Trustee will enter into an appropriate agreement with the Agent implementing
the provisions of this Indenture relating to the obligations of the Trustee to be performed by the Agent and the related rights.
The Company initially appoints the Trustee as Registrar and Paying Agent and to act as DTC Custodian with respect to the Global
Notes.

(b)            
The Company will require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in
trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of and interest
on the Notes and will promptly notify the Trustee of any default by the Company in making any such payment. The Company at any
time may require a Paying Agent to pay all money held by it to the Trustee and account for any funds disbursed, and the Trustee
may at any time during the continuance of any payment default, upon written request to a Paying Agent, require the Paying Agent
to pay all money held by it to the Trustee and to account for any funds disbursed. Upon doing so, the Paying Agent will have no
further liability for the money so paid over to the Trustee.

Section
2.04.          Replacement Notes.
 If a mutilated Note is surrendered to the Trustee or if a Holder claims that its Note has been lost, destroyed or wrongfully
taken, the Company will issue and the Trustee will authenticate a replacement Note of like tenor and principal amount and bearing
a number not contemporaneously outstanding. Every replacement Note is an additional obligation of the Company and entitled to
the benefits of this Indenture. If required by the Trustee or the Company, an indemnity must be furnished that is sufficient in
the judgment of both the Trustee and the Company to protect the Company and the Trustee from any loss they may suffer if a Note
is replaced. The Company may charge the Holder for the expenses of the Company and the Trustee in replacing a Note. In case the
mutilated, lost, destroyed or wrongfully taken Note has become or is about to become due and payable, the Company in its discretion
may pay the Note instead of issuing a replacement Note.

Section
2.05.         Outstanding Notes.
  (a) Notes outstanding at any time are all Notes that have been authenticated by the Trustee except for:

(1)           
Notes cancelled by the Trustee or delivered to it for cancellation;

(2)           
any Note which has been replaced pursuant to Section 2.04 unless and until the Trustee and the Company receive
proof satisfactory to them that the replaced Note is held by a bona fide purchaser; and

(3)           
on or after the maturity date or any Redemption Date in accordance with Article 3 or date for purchase of the
Notes pursuant to an offer to purchase Notes pursuant to Section 4.10, those Notes payable or to be redeemed
or purchased on that date for which the Trustee (or Paying Agent, other than the Company or an Affiliate of the Company) holds
money sufficient to pay all amounts then due.

    	22

    	 

    

(b)            
A Note does not cease to be outstanding because the Company or one of its Affiliates holds the Note; provided that
in determining whether the Holders of the requisite principal amount of the outstanding Notes have given or taken any request,
demand, authorization, direction, notice, consent, waiver or other action hereunder, Notes owned by the Company or any Affiliate
of the Company will be disregarded and deemed not to be outstanding, (it being understood that in determining whether the Trustee
is protected in relying upon any such request, demand, authorization, direction, notice, consent, waiver or other action, only
Notes which the Trustee knows to be so owned will be so disregarded). Notes so owned which have been pledged in good faith may
be regarded as outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with
respect to such Notes and that the pledgee is not the Company or any Affiliate of the Company.

Section
2.06.          Temporary Notes.
 Until definitive Notes are ready for delivery, the Company may prepare and the Trustee will authenticate temporary Notes.
Temporary Notes will be substantially in the form of definitive Notes but may have insertions, substitutions, omissions and other
variations determined to be appropriate by the Officer executing the temporary Notes, as evidenced by the execution of the temporary
Notes. If temporary Notes are issued, the Company will cause definitive Notes to be prepared without unreasonable delay. After
the preparation of definitive Notes, the temporary Notes will be exchangeable for definitive Notes upon surrender of the temporary
Notes at the office or agency of the Company designated for the purpose pursuant to Section 4.02, without charge to
the Holder. Upon surrender for cancellation of any temporary Notes the Company will execute and the Trustee will authenticate
and deliver in exchange therefor a like principal amount of definitive Notes of authorized denominations. Until so exchanged,
the temporary Notes will be entitled to the same benefits under this Indenture as definitive Notes.

Section
2.07.         Cancellation. The
Company at any time may deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder which
the Company may have acquired in any manner whatsoever, and may deliver to the Trustee for cancellation any Notes previously authenticated
hereunder which the Company has not issued and sold. Any Registrar or the Paying Agent will forward to the Trustee any Notes surrendered
to it for transfer, exchange or payment. The Trustee will cancel all Notes surrendered for transfer, exchange, payment or cancellation
and dispose of them in accordance with its normal procedures. The Company may not issue new Notes to replace Notes it has paid
in full or delivered to the Trustee for cancellation.

Section
2.08.         CUSIP, ISIN, CINS
or Other Similar Numbers. The Company in issuing the Notes may use “CUSIP”, “ISIN”, “CINS”
or other similar numbers, and the Trustee will use CUSIP, ISIN, CINS or other similar numbers in notices of redemption or exchange
or in offers to purchase as a convenience to Holders, the notice to state that no representation is made as to the correctness
of such numbers either as printed on the Notes or as contained in any notice of redemption or exchange or offer to purchase. The
Company will promptly notify the Trustee of any change in the CUSIP, ISIN, CINS or other similar numbers.

Section
2.09.         Registration, Transfer
and Exchange.  (a) The Notes will be issued in registered form only, without coupons, and the Company shall cause the
Trustee to maintain a register (the “Note Register”) of the Notes, for registering the record ownership
of the Notes by the Holders and transfers and exchanges of the Notes.

    	23

    	 

    

(b)            (1)            Each Global Note will be registered in the name
of the Depositary or its nominee and, so long as DTC is serving as the Depositary thereof, will bear the DTC Legend. The Company
has entered into a letter of representations with DTC in the form provided by DTC and the Trustee and each Agent are hereby authorized
to act in accordance with such letter and Applicable Procedures. Neither the Trustee nor any Agent shall have responsibility for
any actions taken or not taken by DTC or any Depositary.

(2)           
Each Global Note will be delivered to the Trustee as custodian for the Depositary. Transfers of a Global Note (but not
a beneficial interest therein) will be limited to transfers thereof in whole, but not in part, to the Depositary, its successors
or their respective nominees, (1) except as set forth in Section 2.09(b)(4) and (2) except that transfers of portions
thereof in the form of Certificated Notes may be made upon request of an Agent Member (for itself or on behalf of a beneficial
owner) by written notice given to the Trustee by or on behalf of the Depositary in accordance with customary procedures of the
Depositary and in compliance with this Section 2.09 and Section 2.11.

(3)           
Members of, or direct or indirect participants in, the Depositary (“Agent Members”) will have no rights
under this Indenture with respect to any Global Note held on their behalf by the Depositary, or the Trustee as its custodian,
and the Depositary may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner
and Holder of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, the Depositary or its nominee may grant
proxies and otherwise authorize any Person (including any Agent Member and any Person that holds a beneficial interest in a Global
Note through an Agent Member) to take any action which a Holder is entitled to take under this Indenture or the Notes, and nothing
herein will impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise
of the rights of a Holder of any Note.

(4)           
If (x) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for a Global Note and
a successor depositary is not appointed by the Company within 120 days of the notice or (y) an Event of Default has occurred and
is continuing and the Trustee has received a request from the Depositary, the Trustee will promptly exchange each beneficial interest
in the Global Note for one or more Certificated Notes in authorized denominations having an equal aggregate principal amount registered
in the name of the owner of such beneficial interest, as identified to the Trustee by the Depositary, and thereupon the Global
Note will be deemed canceled. If such Note does not bear the Restricted Legend, then the Certificated Notes issued in exchange
therefor will not bear the Restricted Legend. If such Note bears the Restricted Legend, then the Certificated Notes issued in
exchange therefor will bear the Restricted Legend; provided that any Holder of any such Certificated Note issued in exchange
for a beneficial interest in an Offshore Global Note prior to the expiration of the Restricted Period will have the right upon
presentation to the Trustee of a duly completed Certificate of Beneficial Ownership after the Restricted Period to exchange such
Certificated Note for a Certificated Note of like tenor and amount that does not bear the Restricted Legend, registered in the
name of such Holder.

(c)            
Each Certificated Note will be registered in the name of the Holder thereof or its nominee.

    	24

    	 

    

(d)            
A Holder may transfer a Note (or a beneficial interest therein) to another Person or exchange a Note (or a beneficial interest
therein) for another Note or Notes of any authorized denomination by presenting to the Trustee a written request therefor stating
the name of the proposed transferee or requesting such an exchange, accompanied by any certification, opinion or other document
required by Section 2.10. The Trustee will promptly register any transfer or exchange that meets the requirements
of this Section by noting the same in the register maintained by the Trustee for the purpose; provided that:

(x)            no
transfer or exchange will be effective until it is registered in such register; and

(y)            the
Trustee will not be required (i) to issue, register the transfer of or exchange any Note for a period of 15 days before a selection
of Notes to be redeemed or purchased pursuant to an offer to purchase, (ii) to register the transfer of or exchange any Note so
selected for redemption or purchase in whole or in part, except, in the case of a partial redemption or purchase, that portion
of any Note not being redeemed or purchased, or (iii) if a redemption or a purchase pursuant to an offer to purchase is to occur
after a Regular Record Date but on or before the corresponding Interest Payment Date, to register the transfer of or exchange
any Note on or after the Regular Record Date and before the Redemption Date or date of purchase. Prior to the registration of
any transfer, the Company, the Trustee and their agents will treat the Person in whose name the Note is registered as the owner
and Holder thereof for all purposes (whether or not the Note is overdue), and will not be affected by notice to the contrary.

From
time to time the Company will execute and the Trustee or Authenticating Agent will authenticate Additional Notes as necessary
in order to permit the registration of a transfer or exchange in accordance with this Section.

No
service charge will be imposed in connection with any transfer or exchange of any Note, 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 a transfer
tax or other similar governmental charge payable upon exchange pursuant to Section 2.09(b)(4)).

(e)            (1)            Global Note to Global Note. If a beneficial
interest in a Global Note is transferred or exchanged for a beneficial interest in another Global Note, the Trustee will (x) record
a decrease in the principal amount of the Global Note being transferred or exchanged equal to the principal amount of such transfer
or exchange and (y) record a like increase in the principal amount of the other Global Note. Any beneficial interest in one
Global Note that is transferred to a Person who takes delivery in the form of an interest in another Global Note, or exchanged
for an interest in another Global Note, will, upon transfer or exchange, cease to be an interest in such Global Note and become
an interest in the other Global Note and, accordingly, will thereafter be subject to all transfer and exchange restrictions, if
any, and other procedures applicable to beneficial interests in such other Global Note for as long as it remains such an interest.

(2)           
Global Note to Certificated Note. If a beneficial interest in a Global Note is transferred or exchanged for a Certificated
Note, the Trustee will (x) record a decrease in the principal amount of such Global Note equal to the principal amount of such
transfer or exchange and (y) deliver one or more new Certificated Notes in authorized denominations having an equal aggregate
principal amount to the transferee (in the case of a transfer) or the owner of such beneficial interest (in the case of an exchange),
registered in the name of such transferee or owner, as applicable.

    	25

    	 

    

(3)           
Certificated Note to Global Note. If a Certificated Note is transferred or exchanged for a beneficial interest in
a Global Note, the Trustee will (x) cancel such Certificated Note, (y) record an increase in the principal amount of such Global
Note equal to the principal amount of such transfer or exchange and (z) in the event that such transfer or exchange involves less
than the entire principal amount of the canceled Certificated Note, deliver to the Holder thereof one or more new Certificated
Notes in authorized denominations having an aggregate principal amount equal to the untransferred or unexchanged portion of the
canceled Certificated Note, registered in the name of the Holder thereof.

(4)           
Certificated Note to Certificated Note. If a Certificated Note is transferred or exchanged for another Certificated
Note, the Trustee will (x) cancel the Certificated Note being transferred or exchanged, (y) deliver one or more new Certificated
Notes in authorized denominations having an aggregate principal amount equal to the principal amount of such transfer or exchange
to the transferee (in the case of a transfer) or the Holder of the canceled Certificated Note (in the case of an exchange), registered
in the name of such transferee or Holder, as applicable, and (z) if such transfer or exchange involves less than the entire principal
amount of the canceled Certificated Note, deliver to the Holder thereof one or more Certificated Notes in authorized denominations
having an aggregate principal amount equal to the untransferred or unexchanged portion of the canceled Certificated Note, registered
in the name of the Holder thereof.

Section
2.10.       Restrictions on Transfer
and Exchange.  (a) The transfer or exchange of any Note (or a beneficial interest therein) may only be made in accordance
with this Section and Section 2.09 and, in the case of a Global Note (or a beneficial interest therein), the applicable
rules and procedures of the Depositary. The Trustee shall refuse to register any requested transfer or exchange that does not
comply with the preceding sentence.

(b)            
Subject to Section 2.10(c), the transfer or exchange of any Note (or a beneficial interest therein) of the type set forth
in column A below for a Note (or a beneficial interest therein) of the type set forth opposite in column B below may only be made
in compliance with the certification requirements (if any) described in the clause of this paragraph set forth opposite in column
C below.

	A	B	C
	U.S.
    Global Note	U.S.
    Global Note	(1)
	U.S.
    Global Note	Offshore
    Global Note	(2)
	U.S.
    Global Note	Certificated
    Note	(3)
	Offshore
    Global Note	U.S.
    Global Note	(4)
	Offshore
    Global Note	Offshore
    Global Note	(1)
	Offshore
    Global Note	Certificated
    Note	(3)
	Certificated
    Note	U.S.
    Global Note	(4)
	Certificated
    Note	Offshore
    Global Note	(2)
	Certificated
    Note	Certificated
    Note	(3)

 

(1)           
No certification is required.

(2)           
The Person requesting the transfer or exchange must deliver or cause to be delivered to the Trustee a duly completed Regulation
S Certificate; provided that if the requested transfer or exchange is made by the Holder of a Certificated Note that does
not bear the Restricted Legend, then no certification is required.

    	26

    	 

    

(3)           
The Person requesting the transfer or exchange must deliver or cause to be delivered to the Trustee (x) a duly completed
Rule 144A Certificate, (y) a duly completed Regulation S Certificate or (z) a duly completed Institutional Accredited Investor
Certificate, and/or an Opinion of Counsel and such other certifications and evidence as the Company may reasonably require in
order to determine that the proposed transfer or exchange is being made in compliance with the Securities Act and any applicable
securities laws of any state of the United States; provided that if the requested transfer or exchange is made by the Holder
of a Certificated Note that does not bear the Restricted Legend, then no certification is required. In the event that (i) the
requested transfer or exchange takes place after the Restricted Period and a duly completed Regulation S Certificate is delivered
to the Trustee or (ii) a Certificated Note that does not bear the Restricted Legend is surrendered for transfer or exchange, upon
transfer or exchange the Trustee will deliver a Certificated Note that does not bear the Restricted Legend.

(4)           
The Person requesting the transfer or exchange must deliver or cause to be delivered to the Trustee a duly completed Rule
144A Certificate.

(c)            
No certification is required in connection with any transfer or exchange of any Note (or a beneficial interest therein):

(1)           
after such Note is eligible for resale pursuant to Rule 144 under the Securities Act (or a successor provision) without
the need for current public information; provided that the Company has provided the Trustee with an Officer’s Certificate
to that effect, and the Company may require from any Person requesting a transfer or exchange in reliance upon this clause (1)
an Opinion of Counsel and any other reasonable certifications and evidence in order to support such certificate; or

(2)           
sold pursuant to an effective registration statement.

Any
Certificated Note delivered in reliance upon this Section 2.10(c) will not bear the Restricted Legend.

(d)            
The Trustee will retain copies of all certificates, opinions and other documents received in connection with the transfer
or exchange of a Note (or a beneficial interest therein), and the Company will have the right to inspect and make copies thereof
at any reasonable time upon written notice to the Trustee.

(e)            
Neither the Trustee nor the Registrar shall have any duty to monitor the Company’s compliance with or have any responsibility
with respect to the Company’s compliance with any U.S. Federal or state securities laws in connection with registrations
of transfers and exchanges of the Notes. The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance
with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest
in any Notes (including any transfers between or among Depositary participants or beneficial owners of interests in any Global
Note) other than to require delivery of such certificates and other documentation, as is expressly required by, and to do so if
and when expressly required by, the terms of this Indenture and to examine the same to determine substantial compliance as to
form with the express requirements hereof.

 

(f)            
Each Holder by acceptance of its Notes agrees to indemnify the Trustee against liability that may result from the transfer,
exchange or assignment of such Holder’s interest in the Note in violation of any provision of this Indenture and/or applicable
U.S. Federal and state securities laws.

    	27

    	 

    

Section
2.11.          Computation of Interest.
Interest on the Notes shall be computed on the basis of a 360-day year composed of twelve 30-day months.

Section
2.12.         Defaulted Interest.
If the Company defaults on a payment of interest when due on the Notes, it shall pay the defaulted interest, and, to the extent
lawful, interest on the defaulted interest at a rate per annum of 6.250%, in accordance with the terms hereof, to the Persons
who are Holders on a subsequent special record date fixed by the Company, which date shall be at least five Business Days prior
to the payment date fixed by the Company. At least 10 days before such special record date, the Company shall mail or send to
each Holder (with a copy to the Trustee) a notice that states the special record date, the payment date and the amount of defaulted
interest, and interest payable on defaulted interest, if any, to be paid. The Company may make payment of any defaulted interest
in any other lawful manner not inconsistent with the requirements (if applicable) of any securities exchange on which the Notes
may be listed and, upon such notice as may be required by such exchange, if, after written notice given by the Company to the
Trustee of the proposed payment pursuant to this sentence, such manner of payment shall be deemed practicable by the Trustee.

Section
2.13.          Holder Lists. The
Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and
addresses of the Holders. If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least five Business
Days before each Interest Payment Date, and at such other times as the Trustee may request in writing, a list in such form and
as of such date as the Trustee may reasonably require of the names and addresses of the Holders; provided that, as long
as the Trustee is the Registrar, no such list need be furnished.

Article
3

Redemption and Prepayment

Section
3.01.          Election to Redeem;
Notices to Trustee. If the Company elects to redeem Notes pursuant to this Article 3, at least 10 days prior to
the Redemption Date but not more than 60 days before the Redemption Date, the Company shall notify the Trustee in writing of the
Redemption Date, the principal amount of such Notes to be redeemed and the Redemption Price. Notice given to the Trustee pursuant
to this Section 3.01 may, at the Company’s discretion, state that any such redemption is subject to the
satisfaction of one or more conditions precedent. For the avoidance of doubt, the provisions described in this Article
3 shall not apply to repurchases of Notes by the Company on the open market or in privately negotiated transactions.

Section
3.02.          Selection by Trustee
of Notes to be Redeemed.  If the Company redeems fewer than all of the Notes at any time, the Trustee will select the Notes
to be redeemed by lot, on a ratable basis or by any other method the Trustee deems to be fair and appropriate (or, in the case
of Global Notes, based on the method required by the Depositary or, if it is not so required, a method that most nearly approximates
a pro rata selection as the Trustee deems fair and appropriate), unless otherwise required by law or applicable stock exchange
or depositary requirements.

The
Trustee shall promptly notify the Company of the Notes selected for redemption and, in the case of any partial redemption, the
principal amount thereof to be redeemed.

    	28

    	 

    

The
Company will redeem Notes of $2,000 or less in whole and not in part. For all purposes of this Indenture unless the context otherwise
requires, provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption.

Section
3.03.          Notice of Redemption.
The Company will cause notices of redemption to be mailed by first-class mail (or electronic transmission in the case of Global
Notes) at least 10 but not more than 60 calendar days before the Redemption Date to each Holder of Notes (with a copy to the Trustee)
to be redeemed at its registered address. The Company may provide in the notice that payment of the Redemption Price and performance
of the Company’s obligations with respect to the redemption or purchase may be performed by another Person. Any notice may,
at the Company’s discretion, state that the redemption is subject to the satisfaction of one or more conditions precedent.

The
notice shall identify the Notes to be redeemed (including the CUSIP number(s) thereof) and shall state:

(a)            
the Redemption Date;

(b)            
the Redemption Price;

(c)            
if fewer than all outstanding Notes are to be redeemed, the portion of the principal amount of such Note to be redeemed
and that, after the Redemption Date and upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed
portion will be issued;

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

(e)            
that Notes called for redemption must be surrendered to the Paying Agent to collect the Redemption Price;

(f)            
that unless the Company defaults in making the redemption payment, or any condition to such redemption is not satisfied
or waived, interest on Notes called for redemption ceases to accrue on and after the Redemption Date;

(g)             if
such redemption is conditioned upon the occurrence of one or more conditions precedent, (i) the nature of such
conditions precedent and  (ii) that, in the Company’s discretion, the Redemption Date may be delayed until such time
as any or all such conditions shall be satisfied, or such redemption may not occur and such notice may be rescinded in the
event that any or all such conditions shall not have been satisfied by the Redemption Date, or by the Redemption Date so
delayed;

(h)            
the aggregate principal amount of Notes that are being redeemed;

(i)            
the paragraph of the Notes and/or Section of this Indenture pursuant to which the Notes called for redemption are being
redeemed; and

(j)            
that no representation is made as to the correctness or accuracy of the CUSIP number, if any, listed in such notice or
printed on the Notes.

    	29

    	 

    

At
the Company’s written request, the Trustee shall give the notice of redemption in the Company’s name and at the Company’s
sole expense; provided, however, that the Company has delivered to the Trustee, at least five Business Days prior
to the date on which such notice is to be given (unless a shorter notice shall be agreed to in writing by the Trustee), an Officer’s
Certificate requesting that the Trustee give such notice together with the notice to be given setting forth the information to
be stated in such notice as provided in the preceding paragraph.

If
any condition precedent provided for in the notice of redemption has not been satisfied following delivery of such notice pursuant
to this Section 3.03, the Company shall notify the Trustee in writing prior to the close of business two Business Days prior
to the Redemption Date (or such shorter period as may be acceptable to the Trustee). Upon receipt of such notice by the Trustee,
(i) the notice of redemption shall be rescinded or delayed, and the redemption of the Notes shall be rescinded or delayed
as provided in such notice; and (ii) the Trustee shall deliver such notice to each Holder in the same manner in which the
notice of redemption was given.

Section
3.04.          Effect of Notice
of Redemption. Once the notice of redemption described in Section 3.03 is mailed (or delivered) and any conditions
precedent to such redemption have been satisfied, Notes called for redemption become irrevocably due and payable on the Redemption
Date and at the Redemption Price, including any premium, plus interest accrued to the Redemption Date. Upon surrender to the Paying
Agent, such Notes shall be paid at the Redemption Price, including any premium, plus interest accrued to the Redemption Date;
provided that (a) if the Redemption Date is after a Regular Record Date and on or prior to the Interest Payment Date,
the accrued and unpaid interest shall be payable to the Holder of the redeemed Notes registered on the relevant Regular Record
Date; and (b) if a Redemption Date is a Legal Holiday, payment shall be made on the next succeeding Business Day and no interest
shall accrue for the period from such Redemption Date to such succeeding Business Day. Such notice, if mailed (or delivered) in
the manner provided in Section 3.03, shall be conclusively presumed to have been given whether or not the Holder
receives such notice.

Section
3.05.          Deposit of Redemption
Price.  On or prior to 11:00 A.M., New York City time, on each Redemption Date, the Company shall deposit with the Paying
Agent (or the Trustee) in immediately available funds money sufficient to pay the Redemption Price of, including premium, if any,
and accrued and unpaid interest on all Notes to be redeemed on that date other than Notes or portions thereof called for redemption
on that date which have been delivered by the Company to the Trustee for cancellation.

On
and after any Redemption Date, if money sufficient to pay the Redemption Price of, including premium, if any, and accrued and
unpaid interest on Notes called for redemption shall have been made available in accordance with the immediately preceding paragraph,
the Notes called for redemption will cease to accrue interest and the only right of the Holders of such Notes will be to receive
payment of the Redemption Price of and, subject to Section 3.04(a), accrued and unpaid interest on such Notes to the
Redemption Date. If any Note surrendered for redemption shall not be so paid, interest will be paid, from, and including, the
Redemption Date until such redemption payment is made, on the unpaid principal of the Note and any interest not paid on such unpaid
principal, in each case at the rate and in the manner provided in the Notes.

Section
3.06.          Notes Redeemed in
Part. If any Note is to be redeemed in part only, the notice of redemption that relates to that Note will state the portion
of the principal amount thereof that is to be redeemed. The Company will issue a new Note (or transfer by book-entry) in a principal
amount equal to the unredeemed portion of the original Note in the name of the Holder upon cancellation of the original Note.
Notes called for redemption become due on the Redemption Date for such Notes, subject to the satisfaction of any conditions precedent.
On and after such Redemption Date, unless the Company defaults in payment of the Redemption Price on such Redemption Date, or
any conditions precedent are not satisfied, interest ceases to accrue on the Notes or portions thereof called for such redemption.

    	30

    	 

    

Section
3.07.          Optional Redemption.
Except as set forth below in this Section 3.07 and Section 4.10(e), the Notes may not
be redeemed at the option of the Company.

(a)            
At any time and from time to time prior to September 15, 2023, the Company may redeem some or all of the Notes at a Redemption
Price equal to 100% of the principal amount of the Notes being redeemed plus the Applicable Premium, plus accrued and unpaid interest,
if any, to, but excluding, the Redemption Date.

(b)            
At any time on or after September 15, 2023, the Company may redeem some or all of the Notes at the Redemption Prices (expressed
in percentage of principal amount) set forth below, plus accrued and unpaid interest, if any, to, but excluding, the Redemption
Date, if redeemed during the 12 month period commencing on September 15 of the years set forth below:

	Period
                                         Beginning
	       	Price

	2023	 	103.125%
	2024	 	101.563%
	2025
    and thereafter	 	100.000%

 

(c)           
In addition, at any time prior to September 15, 2023, the Company may redeem up to 40% of the aggregate
principal amount of the outstanding Notes (including Additional Notes, if any) with the net cash proceeds of one or more
Equity Offerings at a Redemption Price (expressed as a percentage of principal amount) of 106.250%, plus accrued and unpaid interest,
if any, to, but excluding, the Redemption Date; provided that (i) at least 60% of the aggregate principal amount of
Notes originally issued on the date of this Indenture remains outstanding after each such redemption, and (ii) notice of any
such redemption is mailed within 180 days of the closing of each such Equity Offering.

(d)           
Any redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of Sections 3.01
through 3.06.

Section
3.08.          No Mandatory Redemption.
 The Company is not required to make any mandatory redemption or sinking fund payments with respect to the Notes.

Article
4

Covenants

Section
4.01.           Payment of Principal,
Premium and Interest. 

(a)            
The Company agrees to pay the principal of (and premium, if any) and interest on the Notes on the dates and in the manner
provided in the Notes and this Indenture. Not later than 11:00 A.M. (New York City time) on the due date of any principal of or
interest on any Notes, or any redemption or purchase price of the Notes, the Company will deposit with the Trustee (or Paying
Agent) money in immediately available funds sufficient to pay such amounts; provided that if the Company or any Affiliate
of the Company is acting as Paying Agent, it will, on or before each due date, segregate and hold in a separate trust fund for
the benefit of the Holders a sum of money sufficient to pay such amounts until paid to such Holders or otherwise disposed of as
provided in this Indenture. In each case the Company will promptly notify the Trustee of its compliance with this paragraph.

    	31

    	 

    

(b)            
An installment of principal or interest will be considered paid on the date due if the Trustee (or Paying Agent, other
than the Company or any Affiliate of the Company) holds on that date money designated for and sufficient to pay the installment.
If the Company or any Affiliate of the Company acts as Paying Agent, an installment of principal or interest will be considered
paid on the due date only if paid to the Holders.

(c)            
The Company agrees to pay interest on overdue principal, and, to the extent lawful, overdue installments of interest at
the rate per annum specified in the Notes and Section 2.13.

(d)            
Payments in respect of the Notes represented by the Global Notes are to be made by wire transfer of immediately available
funds to the accounts specified by the Holders of the Global Notes. With respect to Certificated Notes, the Company will make
all payments by wire transfer of immediately available funds to the accounts specified by the Holders thereof or, if no such account
is specified, by mailing a check to each Holder’s registered address.

Section
4.02.          Maintenance of Office
or Agency. The Company will maintain in the United States of America for Notes an office or agency where Notes may be presented
or surrendered for payment, where Notes may be surrendered for registration of transfer or exchange and where notices and demands
to or upon the Company in respect of the Notes and this Indenture may be served. The Company will give prompt written notice to
the Trustee of the location, and any change in the location, of 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.

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

The
Company hereby initially designates the Corporate Trust Office as the office or agency in the United States of America where Notes
may be surrendered for registration of transfer or exchange or for presentation for payment or repurchase and where notices and
demands to or upon the Company in respect of the Notes and this Indenture may be served; provided that the Corporate Trust
Office shall not be a place for service of legal process on the Company.

Section
4.03.           Provision of Financial
Information; Reports to Holders. 

(a)            
So long as any Notes are outstanding, the Company will file with the Trustee, within 15 days after the Company has filed
the same with the SEC, copies of any annual or quarterly reports (on Form 10-K or Form 10-Q or any respective successor form)
that the Company is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act (excluding any such
information, documents or reports, or portions thereof, subject to confidential treatment and any correspondence with the Commission);
provided that in each case any materials or documents delivered to the Trustee by electronic means or filed pursuant to
the SEC’s “EDGAR” system (or any successor electronic filing system) shall be deemed to be “filed”
with the Trustee as of the time such documents are filed via the “EDGAR” system for purposes of this Section
4.03(a). Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s
receipt of such shall not constitute constructive notice of any information contained therein or determinable from information
contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled
to rely exclusively on an Officer’s Certificate).

    	32

    	 

    

(b)            
The Company is permitted to satisfy its obligations under this Section 4.03 with respect to financial reports
or information relating to the Company by furnishing financial reports or information relating to any parent of the Company; provided
that if and so long as such parent has independent assets or operations, the same is accompanied by consolidating reports
or information (which need not be audited) that explains in reasonable detail the differences between the reports or information
relating to such parent company, on the one hand, and the reports or information relating to the Company and the Restricted Subsidiaries
on a stand-alone basis, on the other hand.

(c)            
At any time when the Company or any parent thereof is not subject to Section 13 or 15(d) of the Exchange Act, the Company
will, so long as the Notes are “restricted securities” under Rule 144 under the Securities Act, furnish to the Holders,
beneficial owners and prospective investors, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4)
under the Securities Act to facilitate the resale of such Notes pursuant to Rule 144A.

Section
4.04.          Corporate Existence.
The Company will do or cause to be done all things necessary to preserve and keep in full force and effect its existence and
the material rights, licenses and franchises of the Company; provided that the Company is not required to preserve any
such right, license or franchise, if the maintenance or preservation thereof is no longer desirable in the conduct of the business
of the Company and its Subsidiaries taken as a whole; and provided further that this Section 4.04 shall
not prohibit any transaction otherwise permitted by Article 5.

Section
4.05.          Money for Notes Payments
to Be Held in Trust.  If the Company shall at any time act as its own Paying Agent with respect to the Notes, it will, on
or before each due date of the principal of (and premium, if any) or interest on any of the Notes, segregate and hold in trust
for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and premium, if any) 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 a Paying Agent for the Notes, it will, prior to 11:00 A.M., New York City time, on each due date of the
principal of (and premium, if any) or interest on the Notes, deposit with the Paying Agent a sum sufficient to pay the principal
(and premium, if any) 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 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 the Paying Agent to pay, to the Trustee all sums held in trust by the Company or the 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 the Paying
Agent; and, upon such payment by the Paying Agent to the Trustee, the Paying Agent shall be released from all further liability
with respect to such money.

    	33

    	 

    

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
(and premium, if any) or interest on the Notes and remaining unclaimed for the earlier of (i) two years after such principal
(and premium, if any) or interest has become due and payable and (ii) such time as the money escheats to the state, may be
repaid to the Company on Company Order, or (if then held by the Company) shall be discharged from such trust; and the Holder of
such Note shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability
of the Trustee or the Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall
thereupon cease.

Section
4.06.           [Reserved]. 

Section
4.07.           Limitation on Liens.

(a)            
The Company will not, and will not permit any of its Domestic Restricted Subsidiaries, to enter into, create, incur or
assume any Lien on any Principal Property, whether now owned or hereafter acquired, in order to secure any Indebtedness, without
effectively providing that the Notes shall be equally and ratably secured until such time as such Indebtedness is no longer secured
by such Lien, except:

(i)           
Liens existing as of the Existing Notes Issue Date (other than Liens securing Indebtedness under the Credit Agreement);

(ii)           
Liens granted after the Issue Date in favor of the holders of the Notes; and

(iii)           
Permitted Liens.

(b)            
Notwithstanding the foregoing, the Company or any Domestic Restricted Subsidiary of the Company may, without equally and
ratably securing the Notes, create or incur Liens which would otherwise be subject to the restrictions set forth in the preceding
paragraph, if after giving effect thereto, Aggregate Debt does not exceed an amount equal to the greater of (a) $5,000.0 million,
and (b) 2.50 times Consolidated EBITDA of the Company for the Measurement Period immediately preceding the date of the creation
or incurrence of the Lien. The Company or any Domestic Restricted Subsidiary of the Company also may, without equally and ratably
securing the Notes, create or incur Liens that extend, renew, substitute or replace (including successive extensions, renewals,
substitutions, replacements or refinancings), in whole or in part, any Lien permitted pursuant to this or the preceding paragraph
or that secure any extension, renewal, replacement, refinancing or refunding (including any successive extensions, renewals, substitutes,
replacements, refinancings or refundings) of any Indebtedness incurred within 12 months of the maturity, retirement or other repayment
or prepayment of the Indebtedness (including any such repayment pursuant to amortization obligations with respect to such Indebtedness)
being extended, renewed, substituted, replaced, refinanced or refunded, which Indebtedness is or was secured by a Lien permitted
pursuant to this or the preceding paragraph.

(c)             For
purposes of this Section 4.07, (i) the creation of a Lien to secure Indebtedness that existed prior to the creation of
such Lien will be deemed to involve Indebtedness in an amount equal to the lesser of (x) the fair value (determined in good
faith by the Company) of the asset subjected to such Lien and (y) the principal amount secured by such Lien, and (ii) in the
event that a Lien meets the criteria of more than one of the types of Permitted Liens or Liens permitted by the
preceding paragraph, the Company, in its sole discretion, will classify, and may reclassify, such Lien and only be required
to include the amount and type of such Lien as a Permitted Lien or a Lien permitted by the immediately preceding paragraph,
and a Lien may be divided and classified and reclassified into more than one of such types of Liens. In addition, for
purposes of calculating compliance with the foregoing covenant, in no event will the amount of any Indebtedness or Liens
securing any Indebtedness be required to be included more than once despite the fact more than one Person is or becomes
liable with respect to such Indebtedness and despite the fact such Indebtedness is secured by the assets of more than one
Person (for example, and for avoidance of doubt, in the case where there are Liens on assets of one or more of the Company
and its Subsidiaries securing any Indebtedness, the amount of such Indebtedness secured shall only be included once for
purposes of such calculations).

    	34

    	 

    

Section
4.08.           Limitation on Subsidiary
Debt. 

(a)            
The Company shall not permit any of its Domestic Restricted Subsidiaries to create, assume, incur, Guarantee or otherwise
become liable for any Indebtedness (any such Indebtedness of a Subsidiary of the Company, “Subsidiary Debt”),
without Guaranteeing the payment of the principal of, premium, if any, and interest on the Notes on an unsecured unsubordinated
basis until such time as such Indebtedness or Guarantee, as the case may be, is no longer outstanding or in effect.

(b)            
The restriction in Section 4.08(a) shall not apply to, and there shall be excluded from Indebtedness in any
computation under such restriction, Subsidiary Debt constituting:

(i)            
Indebtedness of a Person existing at the time such Person is merged into or consolidated with or otherwise acquired by
the Company or any Subsidiary of the Company (or arising thereafter pursuant to contractual commitments entered into prior to
such merger, consolidation or other acquisition of such Person or such Person otherwise becoming a Domestic Restricted Subsidiary
not created in contemplation thereof) or at the time of a sale, lease or other disposition of the properties and assets of such
Person (or a division thereof) as an entirety or substantially as an entirety to any Subsidiary of the Company (or arising thereafter
pursuant to contractual commitments entered into prior to such merger, consolidation or other acquisition of such Person or such
Person otherwise becoming a Domestic Restricted Subsidiary not created in contemplation thereof) and is assumed by such Subsidiary;
provided that any such Indebtedness was not incurred in contemplation thereof and is not Guaranteed by any other Domestic
Restricted Subsidiary of the Company (other than any Guarantee existing at the time of such merger, consolidation or sale, lease
or other disposition of properties and assets and that was not issued in contemplation thereof);

(ii)           
Indebtedness of a Person existing at the time such Person becomes a Subsidiary of the Company; provided that any
such Indebtedness was not incurred in contemplation thereof;

(iii)          
Indebtedness owed to the Company or any Restricted Subsidiary of the Company;

(iv)           Indebtedness constituting Capital Lease Obligations, equipment leases and Purchase Money Indebtedness of the Company or
any Domestic Restricted Subsidiary and any refinancing thereof, provided that the aggregate principal amount of Indebtedness
pursuant to this clause (iv) secured by real property shall not exceed $500.0 million outstanding at any time;

(v)            Indebtedness or Guarantees in respect of netting services, business credit card programs, purchase cards, overdraft protection
and other treasury, depository and cash management services or incurred in connection with any automated clearing-house transfers
of funds or other fund transfer or payment processing services;

    	35

    	 

    

(vi)           Indebtedness or Guarantees arising from the honoring by a bank or other financial institution of a check, draft or similar
instrument drawn against insufficient funds in the ordinary course of business; provided that any such Indebtedness or
Guarantee is extinguished within five Business Days within its incurrence;

(vii)          reimbursement obligations incurred in the ordinary course of business;

(viii)         client advances and deposits received in the ordinary course of business;

(ix)            Indebtedness in respect of the sale and leasing back to the Company or any of its Subsidiaries of any real property, buildings
or fixtures located at the Mission Bay Campus;

(x)             Indebtedness or Guarantees incurred (a) in respect of workers’ compensation claims, payment obligations in connection
with health or other types of social security benefits, unemployment or other insurance obligations, reclamation and statutory
obligations, (b) in connection with the financing of insurance premiums or self-insurance obligations or take-or-pay obligations
contained in supply agreements, and (c) in respect of guarantees, warranty or contractual service obligations, indemnity, bid,
performance, warranty, release, appeal, surety and similar bonds, letters of credit and banker’s acceptances for operating
purposes or to secure any Indebtedness or other obligations referred to in clauses (i) through (vi) or this clause (x), payment
(other than for payment of Indebtedness) and completion guarantees, in each case provided or incurred (including Guarantees thereof)
in the ordinary course of business; or

(xi)            Indebtedness outstanding on the Existing Notes Issue Date not referred to in clause (iii) above (other than Indebtedness
under the Credit Agreement) and any extension, renewal, replacement, refinancing or refunding of any Indebtedness existing on
the Existing Notes Issue Date or referred to in clauses (i) or (ii); provided that any Indebtedness incurred to so extend,
renew, replace, refinance or refund shall be incurred within 12 months of the maturity, retirement or other repayment or prepayment
of the Indebtedness referred to in this clause or clauses (i) and (ii) above and the principal amount of the Indebtedness incurred
to so extend, renew, replace, refinance or refund shall not exceed the principal amount of Indebtedness being extended, renewed,
replaced, refinanced or refunded plus any premium or fee (including tender premiums) or other reasonable amounts payable, plus
all accrued and unpaid interest on such Indebtedness and the amount of fees, expenses and other costs incurred, in connection
with any such extension, renewal, replacement, refinancing or refunding.

(c)            Notwithstanding the foregoing, any Subsidiary of the Company may, create, incur, issue, assume, Guarantee or otherwise
become liable for Indebtedness that would otherwise be subject to the restrictions set forth in Section 4.08(b), without
Guaranteeing the Notes, if after giving effect thereto, Aggregate Debt does not exceed an amount equal to the greater of (a) $5,000.0
million, and (b) 2.50 times Consolidated EBITDA of the Company for the Measurement Period immediately preceding the date of the
creation or incurrence of the Subsidiary Debt. Any Domestic Restricted Subsidiary also may, without Guaranteeing the payment of
the principal of, premium, if any, and interest on the Notes, extend, renew, replace, refinance or refund (including successive
extensions, renewals, substitutions, replacements, refinancings or refundings) any Subsidiary Debt permitted pursuant to this
Section 4.08(c) or Section 4.08(b); provided that any Subsidiary Debt incurred to so extend, renew, replace, refinance
or refund shall be incurred within 12 months of the maturity, retirement or other repayment or prepayment of the Subsidiary Debt
being extended, renewed, replaced, refinanced or refunded (including successive extensions, renewals, substitutions, replacements,
refinancings or refundings) and the principal amount of the Subsidiary Debt incurred to so extend, renew, replace, refinance or
refund shall not exceed the principal amount of Subsidiary Debt being extended, renewed, replaced, refinanced or refunded plus
any premium or fee (including tender premiums) or other reasonable amounts payable, plus all accrued and unpaid interest on such
Subsidiary Debt and the amount of fees, expenses and other costs incurred, in connection with any such extension, renewal, replacement,
refinancing or refunding.

    	36

    	 

    

(d)           
For purposes of this Section 4.08, if any Subsidiary Debt meets the criteria of more than one of the types
of Subsidiary Debt described above, the Company, in its sole discretion, will classify, and may reclassify, such Subsidiary Debt
and only be required to include the amount and type of such Subsidiary Debt in Section 4.08(b) or Section 4.08(c),
and Subsidiary Debt may be divided and classified and reclassified into more than one of the types of Subsidiary Debt described
above. In addition, for purposes of calculating compliance with the foregoing covenant, in no event will the amount of any Subsidiary
Debt be required to be included more than once despite the fact more than one Person is or becomes liable with respect to any
related Indebtedness (for example, and for avoidance of doubt, in the case where more than one Subsidiary incurs Subsidiary Debt
or otherwise becomes liable for such Subsidiary Debt, the amount of such Subsidiary Debt shall only be included once for purposes
of such calculations).

Section
4.09.          Limitation on Sale
and Lease-Back Transactions. The Company will not, and will not permit any of its Domestic Restricted Subsidiaries, to enter
into any sale and lease-back transaction for the sale and leasing back of any Principal Property, whether now owned or hereafter
acquired, unless:

(a)            
such transaction was entered into prior to or within 12 months after the Existing Notes Issue Date;

(b)            
such transaction was for the sale and leasing back to the Company or a Domestic Restricted Subsidiary by the Company or
any Subsidiary of any Principal Property;

(c)            
such transaction involves a lease of a Principal Property executed by the time of or within 18 months (or in the case of
any transaction supported by the credit of an export credit agency, 24 months) after the latest of (i) the acquisition, the
completion of construction or improvement, alteration or repair of such Principal Property, and (ii) the commencement
of commercial operation after the acquisition, completion, improvement, alteration or repair, of such Principal Property;

(d)            
such transaction involves a lease for not more than three years (or which may be terminated by the Company or the applicable
Subsidiary within a period of not more than three years);

(e)            
the Company or the applicable Subsidiary would be entitled to incur Indebtedness secured by a mortgage on the property
to be leased in an amount equal to Attributable Liens with respect to such sale and lease-back transaction without equally and
ratably securing the Notes pursuant to Section 4.07(a);

    	37

    	 

    

(f)            
such transaction involves the sale and leasing back to the Company or any of its Subsidiaries of any real property, buildings
or fixtures located at the Mission Bay Campus; or

(g)            
the Company or the applicable Subsidiary applies an amount equal to the net proceeds from the sale of the Principal Property
to the purchase of another Principal Property or to the retirement or other repayment or prepayment of long-term Indebtedness
within 365 calendar days before or after the effective date of any such sale and lease-back transaction; provided that,
in lieu of applying such amount to such retirement, repayment or prepayment, the Company or any Subsidiary may deliver Notes to
the Trustee for cancellation, such Notes to be credited at the cost thereof to the Company or such Subsidiary.

Notwithstanding
the foregoing, the Company and its Domestic Restricted Subsidiaries may enter into any sale and lease-back transaction which would
otherwise be subject to the foregoing restrictions if after giving effect thereto and at the time of determination, Aggregate
Debt does not exceed an amount equal to the greater of (a) $5,000.0 million, and (b) 2.50 times Consolidated EBITDA of the Company
for the Measurement Period immediately preceding the closing date of the sale and lease-back transaction.

Section
4.10.          Repurchase of Notes
Upon a Change of Control Triggering Event. 

(a)            
If a Change of Control Triggering Event occurs, each Holder of Notes will have the right to require the Company to repurchase
all or any part (in a minimum principal amount of $2,000 and integral multiples of $1,000 in excess thereof) of that Holder’s
Notes pursuant to an offer to repurchase on the terms set forth in this Indenture (a “Change of Control Offer”).
In the Change of Control Offer, the Company will offer a payment in cash equal to 101% of the aggregate principal amount of Notes
repurchased plus accrued and unpaid interest, if any, on the Notes repurchased, to, but excluding, the date of repurchase (the
“Change of Control Payment”). Within 30 days following any Change of Control Triggering Event, the Company
will give a notice to each Holder of Notes describing the transaction or transactions and ratings downgrade that constitute the
Change of Control Triggering Event and offering to repurchase Notes on the date specified in the notice (the “Change
of Control Payment Date”), which date will be no earlier than 30 days and no later than 60 days from the date such notice
is given, pursuant to the procedures required by this Indenture and described in the notice. The Company will comply with the
requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder, if any, to the extent
those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering
Event. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this Section
4.10, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its
obligations under this Section 4.10 by virtue of such conflict.

(b)            
At or prior to 11:00 A.M., New York City time, on the Change of Control Payment Date, the Company will, to the extent lawful,
deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes properly
tendered. On the Change of Control Payment Date, the Company will, to the extent lawful, (i) accept for payment all Notes
or portions of Notes properly tendered pursuant to the Change of Control Offer and (ii) deliver or cause to be delivered to
the Trustee the Notes properly accepted, together with an Officer’s Certificate stating the aggregate principal amount of
Notes or portions of Notes being repurchased by the Company.

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(c)            
The Paying Agent will promptly deliver to each Holder of properly tendered Notes the Change of Control Payment for such
Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note
equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each new Note will
be in a minimum principal amount of $2,000 and integral multiples of $1,000 in excess thereof. The Company will publicly announce
the results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment Date.

(d)             The
Company will not be required to make a Change of Control Offer upon a Change of Control Triggering Event if (i) a third party
makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in Section
4.10 made by the Company and repurchases all Notes properly tendered and not withdrawn under the Change of Control Offer or
(ii) a valid notice of redemption for all of the Notes has been given, or will be given contemporaneously with the Change of
Control Triggering Event, pursuant to the terms under Section 3.07 unless and until such notice has been validly
revoked or there is a default in the payment of the applicable Redemption Price. Notwithstanding anything to the contrary
herein, a Change of Control Offer may be made in advance of a Change of Control Triggering Event or conditional upon the
occurrence of a Change of Control Triggering Event, if a definitive agreement is in place for the Change of Control
Triggering Event at the time the Change of Control Offer is made.

(e)            
In the event that Holders of not less than 90% in aggregate principal amount of the then outstanding Notes accept a Change
of Control Offer and the Company (or any third party making such Change of Control Offer in lieu of the Company as described in
Section 4.10(d)) purchases all of the Notes held by such Holders, the Company will have the right, upon not less than
10 nor more than 60 days’ prior notice, given not more than 30 days following the repurchase pursuant to the Change of Control
Offer described in this Section 4.10, to redeem all of the Notes that remain outstanding following such repurchase
at a Redemption Price equal to the Change of Control Payment, plus to the extent not included in the Change of Control Payment,
accrued and unpaid interest on the Notes that remain outstanding, to, but excluding, the date of repurchase.

Section
4.11.          Additional Guarantees.
In the event any Domestic Subsidiary that is a Wholly Owned Subsidiary of the Company guarantees the obligations of the Company
under the Credit Agreement, such Domestic Subsidiary shall promptly provide a Note Guarantee by executing and delivering to the
Trustee a Supplemental Indenture in the form of Exhibit H hereto.

Notwithstanding
the foregoing, a Note Guarantee of a Guarantor will be automatically released and discharged:

(a)            
in the event that there is a sale, disposition or other transfer (including through merger or consolidation) of all of
the Capital Stock (or any sale, disposition or other transfer of Capital Stock (including through merger or consolidation) following
which the applicable Guarantor is no longer a Subsidiary), or all or substantially all the assets, of the applicable Guarantor
to a Person that is not a Subsidiary of the Company;

(b)            
upon the merger or consolidation of such Guarantor with or into either the Company or any other Guarantor that is the surviving
Person in such merger or consolidation, or upon the liquidation of such Guarantor following the transfer of all or substantially
all of its assets to either the Company or another Guarantor;

    	39

    	 

    

(c)            
in the case of any Subsidiary that after the Issue Date is required to provide a Note Guarantee pursuant to Section
4.08, the release or discharge of the Guarantee by such Subsidiary of all Indebtedness of the Company or any Subsidiary or the
repayment of all the Indebtedness, in each case, which resulted in an obligation to provide a Note Guarantee;

(d)            
if the Company exercises its legal defeasance option or its covenant defeasance option under Section 9.01(b)
or if its obligations under this Indenture are discharged in accordance with the terms under Section 9.01(a); or

(e)            
such Guarantor is also a guarantor or borrower under the Credit Agreement and, at the time of release of its Note Guarantee,
(x) has been released from its Guarantee of, and all pledges and security, if any, granted in connection with the Credit Agreement,
and (y) is not required to become a Guarantor pursuant to Section 4.08.

Section
4.12.           Compliance Certificate.

(a)            
The Company and each Guarantor shall deliver to the Trustee, within 180 calendar days after the end of each fiscal year,
an Officer’s Certificate that need not comply with Section 11.05 as to the signing Officer’s knowledge
of the Company’s and/or such Guarantor’s affairs, as applicable, stating that as to such Officer signing such certificate,
that to the best of his or her knowledge, the Company has kept, observed, performed and fulfilled each and every condition and
covenant contained in this Indenture. Any notice required to be given under this Section 4.12(a) shall be delivered
to the Trustee at its Corporate Trust Office.

(b)            
So long as any of the Notes are outstanding, the Company will deliver to the Trustee, forthwith upon any Officer becoming
aware of any Default or Event of Default that has occurred and is continuing, an Officer’s Certificate specifying such Default
or Event of Default and what action the Company is taking or proposes to take with respect thereto.

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

Section
4.14.           Limited Conditionality
Acquisitions. 

(a)            
In the event that the Company has elected to treat any proposed acquisition as a Limited Conditionality Acquisition, any
condition to incurring Liens and Indebtedness in connection with such Limited Conditionality Acquisition (including any condition
relating to pro forma compliance with any financial covenants or the delivery of financial statements or the absence of a Default
or Event of Default) shall be determined solely as of the date that the definitive documentation relating to such Limited Conditionality
Acquisition is entered into by the Company or any Subsidiary; provided that if the Company has made such an election, in
connection with the calculation of any ratio or basket with respect to the incurrence of any Indebtedness or Liens on or following
such date and prior to the earlier of the date on which such Limited Conditionality Acquisition is consummated or the definitive
agreement for such Limited Conditionality Acquisition is terminated, any such ratio shall be calculated on a pro forma basis assuming
such Limited Conditionality Acquisition and other pro forma events in connection therewith (including any incurrence of Liens
and Indebtedness) have been consummated.

    	40

    	 

    

(b)            
The foregoing provisions shall apply with similar effect during the pendency of multiple Limited Conditionality Acquisitions
such that each of the possible scenarios is separately tested.

Section
4.15.       Suspension of Guarantees
Upon Change in Ratings. If on any date following the Issue Date:

(a)            
 (i) the Notes are rated Investment Grade by either of the Rating Agencies and (ii) no Default or Event of Default
shall have occurred and be continuing, then, at the option of the Company, beginning on such date (the “Suspension Date”)
and subject to the provisions of the following paragraph, the Note Guarantees will be deemed released (the “Suspended
Provisions”). Any Subsidiary Debt incurred prior to or outstanding as of the Suspension Date shall be deemed to have
been incurred in compliance with Section 4.08.

(b)            
In the event that the Notes are no longer rated Investment Grade by either Rating Agency or an Event of Default shall have
occurred and be continuing, the Suspended Provisions will be reinstituted as of and from the date on which the Notes are no longer
rated Investment Grade by either Rating Agency or an Event of Default has occurred and is continuing (any such date, a “Reversion
Date”). The period of time between the Suspension Date and the Reversion Date is referred to as the “Suspension
Period.” Although the Suspended Provisions may be reinstated, no Default or Event of Default will be deemed to have
occurred as a result of a failure to comply with the Suspended Provisions during the Suspension Period.

(c)             The
Company shall provide an Officer’s Certificate to the Trustee indicating the commencement of any Suspension Period or
of a Reversion Date. The Trustee will have no obligation to (i) independently determine or verify if such events have
occurred, (ii) make any determination regarding the impact of actions taken during the Suspension Period on the Company
and its Subsidiaries’ future compliance with their covenants or (iii) notify the holders of the commencement of the
Suspension Period or the Reversion Date.

Article
5

Successors

Section
5.01.          Consolidation, Merger
and Sale of Assets of the Company. 

(a)            
The Company shall not: (1) consolidate or merge with or into another Person (whether or not the Company is the surviving
entity); or (2) sell, assign, transfer, convey, lease or otherwise dispose of all or substantially all of the properties or assets
of the Company and its Subsidiaries, taken as a whole, in one or more related transactions, to another Person, unless:

(i)            
either: (a) the Company is the surviving entity in such consolidation or merger; or (b) the Person formed by or surviving
any such consolidation or merger (if other than the Company) or to which such sale, assignment, transfer, conveyance, lease or
other disposition has been made is a corporation or limited liability company organized or existing under the laws of any state
of the United States or the District of Columbia (the Company or such Person, including the Person to which such sale, assignment,
transfer, conveyance, lease or other disposition has been made, as the case may be, being herein called the “Successor
Company”); provided that at any time the Successor Company is a limited liability company, there shall be a co-issuer
of the Notes that is a corporation that satisfies the requirements of this Section 5.01;

    	41

    	 

    

(ii)           
the Successor Company (if other than the Company) assumes all the obligations of the Company under the Notes and this Indenture
pursuant to a supplemental indenture;

(iii)          
immediately after such transaction, no Default or Event of Default exists and is continuing; and

(iv)          
in any transaction in which the Company is not the Successor Company, the Company or the Successor Company delivers an
Officer’s Certificate and Opinion of Counsel stating that such transaction complies with this Section
5.01 and, if applicable, all conditions precedent in this Indenture to the execution of the supplemental indenture have been satisfied.

(b)            
For purposes of this Section 5.01, the sale, lease, conveyance, assignment, transfer or other disposition of
all or substantially all of the properties and assets of one or more Subsidiaries of the Company, which properties and assets,
if held by the Company instead of such Subsidiaries, would constitute all or substantially all of the properties and assets of
the Company and its Subsidiaries, taken as a whole, shall be deemed to be the sale, lease, conveyance, assignment, transfer or
other disposition of all or substantially all of the properties and assets of the Company.

(c)            
The predecessor company will be released from its obligations under this Indenture and, upon the execution and delivery
of the supplemental indenture referred to above, the Successor Company will succeed to, and be substituted for, and may exercise
every right and power of, the Company under this Indenture, but, in the case of a lease of all or substantially all its assets,
the predecessor will not be so released.

(d)             Notwithstanding
the foregoing, clauses (a) and (b) of this Section 5.01 will not apply to (1) any Subsidiary consolidating with, merging into
or selling, assigning, transferring, conveying, leasing or otherwise disposing of all or part of its properties and assets to
the Company or to another Subsidiary (provided that, in the event that such Subsidiary is a Guarantor, it may
consolidate with, merge into or sell, assign, transfer, convey, lease or otherwise dispose of all or part of its
properties and assets solely to the Company or another Guarantor), (2) the Company merging with an Affiliate solely for
the purpose and with the sole effect of reincorporating the Company in another jurisdiction or (3) a transaction pursuant
to which such Subsidiary that is a Guarantor shall be released from its obligations under this Indenture and the Notes in
accordance with the provisions described in this Section 5.01.

Article
6

Defaults and Remedies

Section
6.01.          Events of Default.

(a)            
Each of the following events shall be an “Event of Default”:

(i)             the Company defaults in payment when due and payable, upon redemption, acceleration or otherwise, of principal of, or premium,
if any, on the Notes;

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(ii)            the Company defaults in the payment when due of interest, on or with respect to the Notes and such default continues for
a period of 30 days;

(iii)           the Company defaults in the performance of, or breaches any covenant or other agreement contained in, this Indenture (other
than a default in the performance or breach of a covenant or agreement which is specifically dealt with in clauses (i) or (ii)
above) and such default or breach continues for a period of 90 days after either the Trustee or Holders of at least 30% in aggregate
principal amount of the outstanding Notes have given the Company (with a copy to the Trustee if given by the Holders) written
notice of the breach in the manner required by this Indenture;

(iv)           (A)
the Company fails to make any payment at maturity, after giving effect to any applicable grace period, on any Indebtedness in
a principal amount in excess of $250 million and continuance of this failure to pay or (B) the Company defaults on any Indebtedness
which default shall have resulted in the acceleration of Indebtedness in a principal amount in excess of $250 million without
such Indebtedness having been discharged or the acceleration having been cured, waived, rescinded or annulled, for a period of,
in the case of clause (A) or (B) above, 30 days or more after the Company receives written notice from the Trustee or the Trustee
receives notice from the Holders of at least 30% in aggregate principal amount of the Notes then outstanding; provided,
however, that if the failure, default or acceleration referred to in clause (A) or (B) above shall cease or be cured, waived,
rescinded or annulled, then the Event of Default (and the consequences thereof) shall be deemed cured, annulled and cease to exist;

(v)            the Company or any Significant Subsidiary:

(A)           
commences a voluntary insolvency proceeding;

(B)           
consents to the entry of an order for relief against it in an involuntary insolvency proceeding or consents to its dissolution
or winding up;

(C)           
consents to the appointment of a Custodian of it or for any substantial part of its property;

(D)           
makes a general assignment for the benefit of its creditors; or

(E)           
generally is not paying its debts as they become due;

provided,
however, that the liquidation of any Restricted Subsidiary into another Restricted Subsidiary, other than as part of a credit
reorganization, shall not constitute an Event of Default under this Section 6.01(a)(v);

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

(A)           
is for relief against the Company or any Significant Subsidiary in an involuntary insolvency proceeding;

(B)           
appoints a Custodian of the Company or any Significant Subsidiary or for any substantial part of their property;

    	43

    	 

    

(C)           
orders the winding up, liquidation or dissolution of the Company or any Significant Subsidiary;

(D)           
orders the presentation of any plan or arrangement, compromise or reorganization of the Company or any Significant Subsidiary;
or

(E)           
grants any similar relief under any foreign laws;

and
in each such case the order or decree remains unstayed and in effect for 60 consecutive days; provided, however, that the
voluntary liquidation of any Restricted Subsidiary into another Restricted Subsidiary, other than as part of a credit reorganization,
shall not constitute an Event of Default under this Section 6.01(a)(vi);

provided,
further, that in the cases of Sections 6.01(a)(v) and (a)(vi), in no event shall any such event or circumstance constitute
an Event of Default if such event or circumstance is a result of a bankruptcy, insolvency, reorganization or other similar proceeding
with respect to such Person or its assets or business that was ongoing or in process at the time such Person became a Subsidiary
of the Company (including any alternative proceedings) or other such proceedings that are in the nature of either a continuation
or extension thereof; or

(vii)          the Note Guarantee of a Significant Subsidiary ceases to be in full force and effect (except as contemplated by the terms
of this Indenture) or any Guarantor denies or disaffirms in writing its obligations under this Indenture or any Note Guarantee,
other than by reason of the release of such Guarantee in accordance with the terms of this Indenture.

However,
a Default under clauses (iii) or (iv) of this Section 6.01(a) shall not constitute an Event of Default until the Trustee or the
Holders of 30% in principal amount of the outstanding Notes notify the Company of the Default and the Company does not cure such
default within the time specified in clauses (iii) and (iv), as applicable, of this Section 6.01(a) after receipt of such notice;
provided that a notice of Default may not be given with respect to any action taken, and reported publicly or to Holders,
more than two years prior to such notice of Default. Any notice of Default, notice of acceleration or instruction to the Trustee
to provide a notice of Default, notice of acceleration or take any other action (a “Noteholder Direction”)
provided by any one or more Holders (each a “Directing Holder”) must be accompanied by a written representation
from each such Holder to the Company and the Trustee that such Holder is not (or, in the case such Holder is DTC or its nominee,
that such Holder is being instructed solely by beneficial owners that have represented to such Holder that they are not) Net Short
(a “Position Representation”), which representation, in the case of a Noteholder Direction relating to the
delivery of a notice of Default (a “Default Direction”) shall be deemed repeated at all times until the resulting
Event of Default is cured or otherwise ceases to exist or the Notes are accelerated. In addition, each Directing Holder must at
the time of providing a Noteholder Direction covenant, provide the Company with such other information as the Company may reasonably
request from time to time in order to verify the accuracy of such Holder’s Position Representation within five Business
Days of request therefor (a “Verification Covenant”). In any case in which the Holder is DTC or its nominee,
any Position Representation or Verification Covenant required hereunder shall be provided by the beneficial owner of the Notes
in lieu of DTC or its nominee. If, following the delivery of a Noteholder Direction, but prior to acceleration of the Notes, the
Company determines in good faith that there is a reasonable basis to believe a Directing Holder was, at any relevant time, in
breach of its Position Representation and provides to the Trustee an Officer’s Certificate stating that the Company has
initiated litigation with a court of competent jurisdiction seeking a determination that such Directing Holder was, at such time,
in breach of its Position Representation, and seeking to invalidate any Event of Default that resulted from the applicable Noteholder
Direction, the cure period with respect to the applicable Default shall be automatically stayed and the cure period with respect
to such Event of Default shall be automatically reinstituted and any remedy stayed pending a final and non-appealable determination
of a court of competent jurisdiction on such matter.

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If,
following the delivery of a Noteholder Direction, but prior to acceleration of the Notes, the Company provides to the Trustee
an Officer’s Certificate stating that a Directing Holder failed to satisfy its Verification Covenant, the cure period with
respect to the applicable Default shall be automatically stayed and the cure period with respect to any Event of Default that
resulted from the applicable Noteholder Direction shall be automatically reinstituted and any remedy stayed pending satisfaction
of such Verification Covenant. Any breach of the Position Representation shall result in such Holder’s participation in
such Noteholder Direction being disregarded; and, if, without the participation of such Holder, the percentage of Notes held by
the remaining Holders that provided such Noteholder Direction would have been insufficient to validly provide such Noteholder
Direction, such Noteholder Direction shall be void ab initio, with the effect that such Event of Default shall be deemed never
to have occurred, acceleration voided and the Trustee shall be deemed not to have received such Noteholder Direction or any notice
of such Default or Event of Default.

For
the avoidance of doubt, the Trustee shall be entitled to conclusively rely on any Noteholder Direction delivered to it in accordance
with this Indenture, shall have no duty to inquire as to or investigate the accuracy of any Position Representation, enforce compliance
with any Verification Covenant, verify any statements in any Officer’s Certificate delivered to it, or otherwise make calculations,
investigations or determinations with respect to Derivative Instruments, Net Shorts, Long Derivative Instruments, Short Derivative
Instruments or otherwise. The Trustee shall have no liability to the Company, any Holder or any other Person in acting in good
faith on a Noteholder Direction.

Section
6.02.           Acceleration of Maturity;
Rescission. 

(a)            
If an Event of Default under this Indenture (other than an Event of Default specified in Sections 6.01(a)(v)
and (a)(vi) with respect to the Company) shall occur and be continuing, either the Trustee or the Holders
of at least 30% in principal amount of outstanding Notes may, subject to the last two paragraphs of Section 6.01, declare the
principal of, premium, if any, and accrued and unpaid interest on such Notes to be immediately due and payable by notice in writing
to the Company and the Trustee (if given by the Holders) specifying the respective Event of Default and that such notice is a
“notice of acceleration”, and the same shall become immediately due and payable. Any time period to cure any alleged
Default or Event of Default may be extended or stayed by a court of competent jurisdiction.

(b)            
If an Event of Default specified in Sections 6.01(a)(v) or (a)(vi) with respect to
the Company occurs and is continuing, then all unpaid principal of, and premium, if any, and accrued and unpaid interest on all
of the outstanding Notes shall ipso facto become and be immediately due and payable without any declaration or other act
on the part of the Trustee or any Holder of the Notes.

(c)            
Notwithstanding the foregoing, if the Company so elects in writing to the Trustee, the sole remedy of the Holders for a
failure to comply with Section 4.03, will for the first 180 days after the occurrence of such failure consist exclusively
of the right to receive additional interest (“Additional Interest”) on the Notes at a rate per annum equal
to 0.25% for the first 180 days after the occurrence of such failure. The Additional Interest will accrue on all outstanding Notes
from and including the date on which such failure first occurs until such violation is cured or waived and shall be payable on
each Interest Payment Date to Holders of record on the Regular Record Date immediately preceding the Interest Payment Date. On
the 181st day after such failure (if such violation is not cured or waived prior to such 181st day), Additional Interest will
cease to accrue and such failure will then constitute an Event of Default without any further notice or lapse of time and the
Notes will be subject to acceleration as provided in Section 6.02.

    	45

    	 

    

(d)            
  (i) If a Default for a failure to report or failure to deliver a required certificate in connection with another default
(the “Initial Default”) occurs, then at the time such Initial Default is cured, such Default for a failure
to report or failure to deliver a required certificate in connection with another default that resulted solely because of that
Initial Default will also be cured without any further action and (ii) any Default or Event of Default for the failure to
comply with the time periods prescribed in Section 4.03 or otherwise to deliver any notice or certificate pursuant
to any other provision of this Indenture shall be deemed to be cured upon the delivery of any such report required by such covenant
or such notice or certificate, as applicable, even though such delivery is not within the prescribed period specified in this
Indenture.

(e)            
At any time after a declaration of acceleration with respect to the Notes, the Holders of a majority in aggregate principal
amount of the then outstanding Notes may rescind and cancel such declaration and its consequences:

(i)            
if the rescission would not conflict with any judgment or decree;

(ii)            if all existing Events of Default have been cured or waived except nonpayment of principal, premium, if any, or accrued
and unpaid interest that has become due solely because of the acceleration;

(iii)           to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal,
which has become due otherwise than by such declaration of acceleration, has been paid;

(iv)           if the Company has paid the Trustee its reasonable compensation and reimbursed the Trustee for its expenses (including
fees and expenses of counsel), disbursements and advances; and

(v)           
in the event of the cure or waiver of an Event of Default under this Indenture of the type described in Section
6.01(a)(iv), the Trustee shall have received an Officer’s Certificate that such Event of Default has been cured or waived.

(f)            
No such rescission shall affect any subsequent Default under this Indenture or impair any right consequent thereto.

Section
6.03.         Other Remedies. If
an Event of Default occurs and is continuing, the Trustee may pursue any available remedy by proceeding at law or in equity to
collect the payment of principal of, or premium, if any, and interest on the Notes, as the case may be, or to enforce the performance
of any provision of the Notes, the Note Guarantee or this Indenture and may take any necessary action requested of it as Trustee
to settle, compromise, adjust or otherwise conclude any proceedings to which it is a party.

    	46

    	 

    

The
Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding.
Any such proceeding instituted by the Trustee may be brought in its own name and as trustee of an express trust, and any recovery
of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements of the Trustee and
its counsel, be for the ratable benefit of the Holders of the Notes in respect of which such judgment has been recovered. A delay
or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair
the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other remedy.
All available remedies are cumulative, to the extent permitted by law.

Section
6.04.          Waiver
of Past Defaults and Events of Default.  Provided the Notes are not then due and payable by reason of a declaration of
acceleration, the Holders of a majority in aggregate principal amount of the issued and then outstanding Notes may on behalf
of the Holders of all the affected Notes waive any existing Default or Event of Default with respect to the Notes, and its
consequences, by providing written notice thereof to the Company and the Trustee, except a Default or Event of Default (1) in
the payment of the principal of, premium, if any, or interest on the Notes or (2) in respect of a covenant or provision
of this Indenture which cannot be modified or amended without the consent of the Holder of each outstanding Note affected. In
the case of any such waiver, the Company, the Trustee and the Holders of the Notes will be restored to their former positions
and rights under this Indenture, respectively, such Default shall cease to exist, and any Event of Default arising therefrom
shall be deemed to have been cured for every purpose of this Indenture; provided that no such waiver shall extend to
any subsequent or other Default or Event of Default or impair any right consequent thereto.

Section
6.05.         Control by Majority.
The Holders of a majority in aggregate principal amount of the then outstanding Notes 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. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, that may involve the
Trustee in personal liability, or that the Trustee determines in good faith may be unduly prejudicial to the rights of Holders
of the affected Notes not joining in the giving of such direction (it being understood that the Trustee does not have an affirmative
duty to ascertain whether or not any such directions are unduly prejudicial to such Holders), and may take any other action it
deems proper that is not inconsistent with any such direction received from Holders of the Notes.

Section
6.06.         Limitation on Suits.
No Holder of Notes will have any right to institute any proceeding with respect to this Indenture, or for any remedy hereunder,
unless:

(a)            
the Trustee has failed to institute such proceeding for 60 days after the Holder has previously given to the Trustee written
notice of a continuing Event of Default with respect to such Notes,

(b)            
the Holders of at least 30% in aggregate principal amount of outstanding Notes have made a written request to the Trustee
to institute such proceeding as Trustee, and offered security or indemnity acceptable to the Trustee; and

(c)            
the Trustee has not received from the Holders of a majority in aggregate principal amount of the outstanding Notes a direction
that is inconsistent with such request.

However,
the Holder of any Note will have an absolute and unconditional right to receive payment of the principal of, and premium, if any,
or interest on, such Note on or after the date or dates they are required to be paid as expressed in such Note and to institute
suit for the enforcement of any such payment.

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Section
6.07.           Rights of Holders
to Receive Payment. Notwithstanding any other provision of this Indenture, the contractual right of any Holder of a Note to
receive payment of the principal of or premium, if any, or interest, if any, on such Note (including in connection with an offer
to purchase) or to bring suit for the enforcement of any such payment, on or after the due date expressed in the Notes shall not
be impaired or affected without the consent of such Holder.

Section
6.08.         Collection Suit by
Trustee. If an Event of Default in payment of principal, premium or interest specified in Section 6.01(a) occurs
and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company (or
any other obligor on the Notes) for the whole amount of unpaid principal and accrued and unpaid interest remaining unpaid, and
such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel.

Section
6.09.          Trustee May File
Proofs of Claim. The Trustee may file such proofs of claim and other papers or documents as may be necessary or advisable
in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.06) and the Holders
allowed in any judicial proceedings relative to the Company (or any other obligor upon the Notes), its creditors or its property
and, unless prohibited by law, shall be entitled and empowered to collect and receive any monies or other property payable or
deliverable on any such claims and to distribute the same after deduction of its charges and expenses to the extent that any such
charges and expenses are not paid out of the estate in any such proceedings and any custodian in any such judicial proceeding
is hereby authorized by each 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
7.06. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel, and any other amounts due the Trustee under Section 7.06 hereof out of the estate in any such proceeding,
shall be unpaid for any reason, payment of the same shall be secured by a lien on, and shall be paid out of, any and all distributions,
dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation
or under any plan of reorganization or arrangement or otherwise. The Trustee may, on behalf of the Holders, vote for the election
of a trustee in bankruptcy or similar official and be a member of a creditors’ committee or other similar committee.

Nothing
herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder
any plan or reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof, or
to authorize the Trustee to vote in respect of the claim of any Holder in any such proceedings. All rights of action and claims
under this Indenture or the Notes may be prosecuted and enforced by the Trustee without the possession of any of the Notes thereof
in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee
of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders in respect of which
such judgment has been recovered.

    	48

    	 

    

Section
6.10.          Priorities. Any
money or property collected by the Trustee pursuant to this Article 6 shall be applied in the following order:

FIRST:
to the Trustee (including any predecessor Trustee) for amounts due under Section 7.06;

SECOND:
to Holders for amounts due and unpaid on the affected Notes for principal, premium, if any, and interest as to each, ratably,
without preference or priority of any kind, according to the amounts due and payable on the affected Notes; and

THIRD:
to the Company.

The
Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.10.

Section
6.11.          Undertaking for Costs.
In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action
taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking
to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’
fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses
made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder pursuant
to Section 6.07 or a suit by Holders of more than 10% in principal amount of the Notes then outstanding.

Section
6.12.          Delay or Omission
Not Waiver. No delay or omission of the Trustee or of any Holder of any Notes to exercise any right or remedy occurring upon
an 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 6 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.

Article
7

Trustee

Section
7.01.         Duties of Trustee.
 The duties and responsibilities of the Trustee are as provided by the Trust Indenture Act and as set forth herein. Whether
or not expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording
protection to the Trustee is subject to this Article.

(a)            
If an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, the Trustee
may exercise such of the rights and powers vested in it under this Indenture, and will use the same degree of care and skill in
its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

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

(1)           
the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and
no implied covenants or obligations shall be read into this Indenture against the Trustee; and

    	49

    	 

    

(2)           
in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness
of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of
this Indenture but, in the case of any such certificates or opinions which by any provision hereof are specifically required to
be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to
the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts,
statements, opinions or conclusions stated therein).

(c)            
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:

(1)           
this paragraph does not limit the effect of clause (b) or (d) of this Section
7.01;

(2)           
the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or Responsible Officers
of the Trustee, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and

(3)           
the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a
direction of the Holders of a majority in aggregate principal amount of the outstanding Notes, determined as provided herein,
relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any
trust or power conferred upon the Trustee, under this Indenture with respect to the Notes.

(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 indemnity satisfactory to it against such risk or liability is
not reasonably assured to it. The Trustee shall not be required to give any bond or surety in respect of the performance of its
powers or duties hereunder.

(e)            
Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct of, affecting the
liability of, or affording protection to, the Trustee shall be subject to the provisions of this Section 7.01.

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

(g)            
The Trustee shall not be responsible for the application of any money by any Paying Agent other than the Trustee.

Section
7.02.           Rights of Trustee.
Subject to Section 7.01:

(a)            
The Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other
evidence of indebtedness or other paper or document (whether in its original or facsimile form) believed in good faith by it to
be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated
in the document.

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(b)            
Any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Order or Officer’s
Certificate, or signed by an Officer, and any resolution of the Board of Directors may be sufficiently evidenced by a board resolution.

(c)            
Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel
and the Trustee will not be liable for any action it takes or omits to take in good faith in reliance on such certificate or opinion.

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

(e)            
The Trustee shall not be liable for any action taken, suffered, or omitted to be taken in good faith and believed by it
to be authorized or within the discretion or rights or powers conferred upon it by this Indenture.

(f)            
The Trustee may consult with counsel of its selection, and the advice of such counsel or any Opinion of Counsel shall be
full and complete authorization and protection from liability in respect of any action taken, omitted or suffered by it hereunder
in good faith and in reliance thereon.

(g)            
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 security
or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by it in compliance
with such request or direction.

(h)            
The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right
to be compensated, reimbursed and indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities
hereunder, and each agent, custodian and other Person employed to act hereunder.

(i)            
The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness
or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts
or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled
to examine the books records, and premises of the Company, personally or by agent or attorney at the sole cost of the Company
and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation.

(j)            
The Trustee shall not be deemed to have notice or be charged with knowledge of any Default or Event of Default unless a
Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of such Default or Event of Default from
the Company or by the Holders of at least 30% of the aggregate principal amount of the outstanding Notes is received by the Trustee
at the Corporate Trust Office of the Trustee, and such notice references the Notes and this Indenture.

    	51

    	 

    

(k)            
The Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of
officers authorized at such time to take specified actions pursuant to this Indenture, which certificate may be signed by any
person authorized to sign a certificate, including any person specified as so authorized in any such certificate previously delivered
and not superseded.

(l)            
Anything in this Indenture notwithstanding, in no event shall the Trustee be liable for special, indirect, punitive or
consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit), even if the Trustee has been
advised as to the likelihood of such loss or damage and regardless of the form of action.

(m)            
The Trustee shall not be responsible or liable for any failure or delay in the performance of its obligations under this
Indenture arising out of or caused, directly or indirectly, by circumstances beyond its control, including, without limitation,
any provision of any law or regulation or any act of any Governmental Authority, acts of God; earthquakes; fire; flood; terrorism;
wars and other military disturbances; sabotage; epidemics; riots; interruptions; loss or malfunctions of utilities, computer (hardware
or software) or communication services or other unavailability of the Federal Reserve Bank wire or facsimile or other wire or
communication facility; accidents; labor disputes; acts of civil or military authority and governmental action.

(n)            
The permissive right of the Trustee to take or refrain from taking action hereunder shall not be construed as a duty. The
Trustee shall have no obligation to pursue any action that is not in accordance with applicable law.

Section
7.03.          Individual Rights
of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may make loans
to, accept deposits from, perform services for or otherwise deal with the Company or any Affiliate thereof with the same rights
it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee is also subject to Section
7.09.

Section
7.04.         Trustee’s Disclaimer.
The recitals contained herein and in the Notes, except the Trustee’s certificates of authentication, shall be taken
as the statements of the Company and the Guarantors, and the Trustee assumes no responsibility for their correctness. The Trustee
makes no representations as to and shall not be responsible for the validity, sufficiency or adequacy of this Indenture or of
the Notes or any Note Guarantee. The Trustee shall not be accountable for the use or application by the Company of Notes or the
proceeds thereof or any money paid to the Company or upon the Company’s direction under any provision of this Indenture.
The Trustee shall not be responsible to make any calculation with respect to any matter under this Indenture. The Trustee represents
that it is duly authorized to execute and deliver this Indenture, authenticate the Notes and perform its obligations hereunder.
The Trustee shall have no duty to monitor or investigate the Company’s compliance with or the breach of, or cause to be
performed or observed, any representation, warranty or covenant made in this Indenture. Under no circumstances shall the Trustee
be liable in its individual capacity for the obligations evidenced by the Notes or the Note Guarantee. The Trustee makes no representation
as to and shall not be responsible for any statement or recital herein or any statement in the Offering Memorandum or any other
document in connection with the sale of the Notes. The Trustee shall not be responsible for and makes no representation as to
any act or omission of any Rating Agency or any rating with respect to the Notes. The Trustee shall have no obligation to independently
determine or verify if any event has occurred or notify the Holders of any event dependent upon the rating of the Notes, or if
the rating on the Notes has been changed, suspended or withdrawn by any Rating Agency. The Trustee shall have no obligation to
independently determine or verify if any Change of Control Triggering Event or any other event has occurred or notify the Holders
of any such event.

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Section
7.05.           Notice of Defaults;
Reports by Trustee to Holders. 

Within
90 days after the occurrence thereof, and if actually known to a Responsible Officer of the Trustee, the Trustee shall give to
the Holders of the Notes notice of each Default or Event of Default known to the Trustee, by transmitting such notice to Holders
at their addresses as the same shall then appear on the Note Register, unless such Default shall have been cured or waived before
the giving of such notice. Except in the case of a Default or Event of Default in payment of the principal of, premium, if any,
or interest on any of the Notes when and as the same shall become payable, or to make any sinking fund payment as to Notes (including
payments pursuant to a redemption or repurchase of the Notes pursuant to the provisions of this Indenture), the Trustee shall
be protected in withholding such notice if and so long as a committee of its Responsible Officers in good faith determines that
withholding the notice is in the interests of Holders. Notice to Holders under this Section will be given in the manner and to
the extent provided in Trust Indenture Act Section 313(c).

Section
7.06.          Compensation and
Indemnity. 

(a)            
The Company shall pay to the Trustee and Agents from time to time such compensation for their services hereunder (which
compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) as shall
be agreed upon in writing. The Company shall reimburse the Trustee and Agents upon request for all reasonable disbursements, expenses
and advances incurred or made by them in connection with the Trustee’s duties under this Indenture, including the reasonable
compensation, disbursements and expenses of the Trustee’s agents and external counsel, except any such expense, disbursement
or advance as may be attributable to its willful misconduct or negligence as finally adjudicated by a court of competent jurisdiction.

(b)            
The Company and the Guarantors, jointly and severally, shall fully indemnify each of the Trustee and its officers, agents
and employees and any predecessor Trustee for, and hold each of them harmless against, any and all loss, damage, claim, liability,
fees, costs, or expense, including, without limitation, reasonable attorneys’ fees and expenses incurred by each of them
in connection with the acceptance or performance of its duties under this Indenture including the reasonable costs and expenses
of defending itself against any claim (whether asserted by the Company, or any Holder or any other Person) or liability in connection
with the exercise or performance of any of its powers or duties hereunder (including, without limitation, settlement costs), and
including reasonable attorneys’ fees and expenses and court costs incurred in connection with any action, claim or suit
brought to enforce the Trustee’s right to compensation, reimbursement or indemnification. The Trustee or Agent shall notify
the Company in writing promptly of any claim of which a Responsible Officer of the Trustee has actual knowledge asserted against
the Trustee or Agent for which it may seek indemnity; provided that the failure by the Trustee or Agent to so notify the
Company shall not relieve the Company of its obligations hereunder. In the event that a conflict of interest exists or potential
harm to the Trustee’s business exists, the Trustee may have separate counsel, which counsel must be reasonably acceptable
to the Company and the Company shall pay the reasonable fees and expenses of such counsel.

(c)            
Notwithstanding the foregoing, the Company need not reimburse the Trustee for any expense or indemnify it against any loss
or liability to have been incurred by the Trustee through its own willful misconduct or negligence as finally adjudicated by a
court of competent jurisdiction.

    	53

    	 

    

(d)            
As security for the performance of the obligations of the Company in this Section 7.06, the Trustee shall
have a claim and lien prior to the Notes upon all property and funds held or collected by the Trustee as such, except funds held
in trust for the payment of principal of (or premium, if any) or interest, if any, on particular Notes.

(e)            
The obligations of the Company under this Section 7.06 to compensate and indemnify the Trustee, Agents
and each predecessor Trustee and to pay or reimburse the Trustee, Agents and each predecessor Trustee for expenses, disbursements
and advances shall be the liability of the Company and the lien provided for under this Section 7.06 and shall
survive the resignation or removal of the Trustee and the satisfaction, discharge or other termination of this Indenture for any
reason, including any termination or rejection hereof under any Bankruptcy Law.

(f)            
In addition to, but without prejudice to its other rights under this Indenture, when the Trustee incurs expenses or renders
services after an Event of Default specified in Section 6.01(a)(v) or Section 6.01(a)(vi) occurs, the
expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to
constitute expenses of administration under any Bankruptcy Law.

(g)            
For purposes of this Section 7.06, the term “Trustee” shall include any predecessor
Trustee; provided, however, that the negligence, willful misconduct or bad faith of any Trustee hereunder shall not affect
the rights or any other Trustee hereunder.

Section
7.07.           Replacement of Trustee.

(a)            
A resignation or removal of the Trustee and appointment of a successor Trustee will become effective only upon the successor
Trustee’s acceptance of appointment as provided in this Section 7.07.

(b)            
The Trustee may resign at any time by so notifying the Company in writing. The Holders of a majority in principal amount
of the outstanding Notes may remove the Trustee by notifying the Company and the removed Trustee in writing and may appoint a
successor Trustee with the Company’s written consent, which consent shall not be unreasonably withheld. The Company may
remove the Trustee at its election if:

(1)           
the Trustee fails to comply with Section 7.09 or in the circumstances described in Trust Indenture Act
Section 310(b);

(2)           
the Trustee is adjudged a bankrupt or an insolvent or an order for relief entered with respect to the Trustee under Bankruptcy
Law;

(3)           
a receiver or other public officer takes charge of the Trustee or its property; or

(4)           
the Trustee otherwise becomes incapable of acting.

(c)            
If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall
promptly appoint a successor Trustee.

(d)            
If a successor Trustee does not take office within 30 days after the retiring Trustee resigns or is removed, the retiring
Trustee, the Company or the Holders of at least 10% in principal amount of the outstanding Notes may petition at the expense of
the Company any court of competent jurisdiction, in the case of the Trustee, for the appointment of a successor Trustee.

    	54

    	 

    

(e)            
If the Trustee fails to comply with Section 7.09, any Holder that satisfies the requirements of Trust Indenture
Act Section 310(b) may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor
Trustee.

(f)            
A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Immediately
following such delivery, the retiring Trustee shall, subject to the lien and its rights under Section 7.06, transfer
all property held by it as Trustee to the successor Trustee, the resignation or removal of the retiring Trustee shall become effective,
and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. A successor Trustee
shall mail or send notice of its succession to each Holder. Notwithstanding replacement of the Trustee pursuant to this Section
7.07, the lien and Company’s obligations under Section 7.06 shall continue for the benefit of the retiring Trustee.

(g)            
The Trustee agrees to give the notices provided for in, and otherwise comply with, Trust Indenture Act Section 310(b).

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

Section
7.09.         Eligibility; Disqualification.
There will at all times be a Trustee hereunder that is a Person organized and doing business under the laws of the United
States of America or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject
to supervision or examination by U.S. Federal or state authorities. This Indenture must always have a Trustee that satisfies the
requirements of Trust Indenture Act Section 310(a), and the Trustee (together with its corporate parent) shall have a combined
capital and surplus of at least $50.0 million as set forth in the most recent applicable published annual report of condition.

Article
8

Amendment, Supplement and Waiver

Section
8.01.         Without Consent of
Holders. The Company, the Guarantors and the Trustee may amend or supplement this Indenture, the Notes or the Note Guarantees
without the consent of any Holder to:

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

(b)            
provide for uncertificated Notes in addition to or in place of certificated Notes;

(c)            
provide for the assumption by a Successor Company or a successor company of a Guarantor, as applicable, of the Company’s
or such Guarantor’s obligations under this Indenture;

(d)            
make any change that would provide any additional rights or benefits to the Holders of the Notes or that does not adversely
affect the legal rights under this Indenture of any such Holder;

    	55

    	 

    

(e)            secure
the Notes in accordance with Section 4.07 or to release collateral in accordance with any security documents entered
into in connection therewith;

(f)            add
a Note Guarantee;

(g)            conform
the text of this Indenture or the Notes to any provision of the section of the Offering Memorandum captioned “Description
of Notes”;

(h)            provide
for the issuance of Additional Notes in accordance with Section 2.02 and other relevant provisions of this Indenture;

(i)            release
a Guarantor from its Note Guarantee; provided that such release is in accordance with the applicable provisions of this
Indenture;

(j)            add
Events of Default for the benefit of the Holders of the Notes;

(k)            add
to, change or eliminate any provision in this Indenture applying to the Notes; provided that the Company concludes in good
faith that such action is necessary or advisable and does not adversely affect the interests of any Holder;

(l)            evidence
and provide for a successor Trustee or to add to or change any provisions to the extent necessary to appoint a separate Trustee
for the Notes;

(m)           supplement
any provisions of this Indenture necessary to discharge and defease the Notes or this Indenture otherwise in accordance with the
defeasance or discharge provisions, as the case may be, of this Indenture, or to make other provisions with respect to matters
or questions arising under this Indenture; provided that such action does not adversely affect the interests of the Holders
of any Notes in any material respect;

(n)            add
to, change or eliminate any provisions of this Indenture in accordance with the Trust Indenture Act or to comply with the provisions
of the DTC or the Trustee with respect to provisions of this Indenture or the Notes relating to transfers or exchanges of Notes
or beneficial interests in the Notes; or

(o)            provide
for amendments, consents or waivers under the Note Guarantees that are administrative or ministerial in nature or the succession
or assumption of obligations under Note Guarantees in connection with a transaction not prohibited by this Indenture.

Section
8.02.          With
Consent of Holders. 

(a)            
The Company, the Guarantors and the Trustee may amend or supplement this Indenture, the Notes or the Note Guarantees provided
hereunder with the consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding (including,
without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, such Notes), and
any existing Default or compliance with any provision of this Indenture or the Notes may also be waived (except a Default in respect
of the payment of principal or interest on the Notes) with the consent of the Holders of a majority in aggregate principal amount
of the then outstanding Notes (including, without limitation, consents obtained in connection with a purchase of, or tender offer
or exchange offer for, the Notes).

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(b)            However, no such amendment, supplement or waiver may, without the consent of each Holder of an outstanding Note affected
thereby:

(1)           
reduce the principal amount of Notes whose Holders must consent to an amendment, supplement or waiver;

(2)           
reduce the principal of or change the fixed maturity of any Note or alter the provisions with respect to the redemption
of the outstanding Notes (other than provisions relating to Section 4.10 except as set forth in this Section
8.02(b));

(3)           
reduce the rate of or change the time for payment of interest on any Note;

(4)           
waive a Default or Event of Default in the payment of principal of, or interest or premium, if any, on the outstanding
Notes (except a rescission of acceleration of the Notes by the holders of a majority in aggregate principal amount of the then
outstanding Notes with respect to a nonpayment default and a waiver of the payment default that resulted from such acceleration);

(5)           
make any Note payable in money other than that stated in the Notes;

(6)           
make any change in the provisions of this Indenture relating to waivers of past Defaults or the rights of Holders of Notes
to receive payments of principal of, or interest or premium, if any, on the Notes or impair the right of any Holder of the Notes
to institute suit for the enforcement of any payment on or with respect to the Notes;

(7)           
waive a redemption payment with respect to any Note issued thereunder (other than a payment required by Section
4.10 except as set forth in this Section 8.02(b));

(8)           
make any change in the ranking or priority of any Note that would adversely affect the Holders of the Notes;

(9)           
adversely affect the ranking of the Note Guarantees or in releasing the Note Guarantees;

(10)          amend, change or modify in any material respect the obligation of the Company to make and consummate a Change of Control
Offer with respect to the Notes in respect of a Change of Control that has occurred; or

(11)          make any change in Sections 8.01 or 8.02.

(c)            
Except as provided in Sections 6.02, 6.04 and 6.07, clause (b) of this
Section 8.02 and the immediately succeeding sentence, the Holders of a majority of the principal amount of then outstanding
Notes may waive future compliance by the Company with any provision of this Indenture. The Holders of at least a majority in principal
amount of then outstanding Notes may waive any past Default under this Indenture, except a failure by the Company to pay the principal
of, or any premium or interest on, any Notes or a provision that cannot be modified or amended without the consent of the Holders
of all outstanding Notes.

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(d)            
In determining whether the Holders of the required principal amount of Notes have concurred in any direction, notice, waiver
or consent, Notes owned by the Company or any Subsidiary, or by any Affiliate of the Company or any Subsidiary, will be considered
as though not outstanding, except that for the purposes of determining whether the Trustee will be protected in conclusively relying
on any such direction, notice, waiver or consent, only Notes that a Responsible Officer of the Trustee knows are so owned will
be so disregarded.

(e)            
It is not necessary for the consent of the Holders under this Section 8.02 to approve the particular form
of any proposed amendment, supplement or waiver, but it is sufficient if such consent approves the substance thereof.

(f)            
After an amendment that requires the consent of the Holders of the Notes becomes effective, the Company shall mail or send
to each registered Holder of the Notes at such Holder’s address appearing in the Note Register a notice briefly describing
such amendment. However, the failure to give such notice to all Holders of the Notes, or any defect therein, shall not impair
or affect the validity of the amendment.

(g)            
Upon the written request of the Company accompanied by a board resolution of the Board of Directors of the Company authorizing
the execution of any such supplemental indenture pursuant to Section 8.01 or this Section 8.02, and upon
the receipt by the Trustee of evidence reasonably satisfactory to the Trustee of the consent of the Holders in the case of a supplemental
indenture pursuant to Section 8.02(a), and upon receipt by the Trustee of the documents described in Section
8.05, the Trustee shall join with the Company in the execution of such supplemental indenture unless such supplemental indenture
adversely affects the Trustee’s own rights, duties or immunities under this Indenture, in which case the Trustee may, but
shall not be obligated to, enter into such supplemental indenture.

Section
8.03.          Revocation and Effect
of Consents. After an amendment, supplement, waiver or other action becomes effective, a consent to it by a Holder of a Note
is a continuing consent conclusive and binding upon such Holder and every subsequent Holder of the same Note or portion thereof,
and of any Note issued upon the transfer thereof or in exchange therefor or in place thereof, even if notation of the consent
is not made on any such Note. However, subject to Section 11.02(d), any such Holder of a Note or subsequent Holder
of a Note may revoke the consent as to its Note if the Trustee receives written notice of revocation before the date the amendment,
supplement or waiver becomes effective. An amendment, supplement or waiver becomes effective in accordance with its terms and
thereafter binds every Holder.

The
Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to consent to
any amendment, supplement, or waiver in accordance with Section 11.02(d).

Section
8.04.          Notation on or Exchange
of Notes.  If an amendment, supplement, or waiver changes the terms of a Note, the Trustee (in accordance with the specific
written direction of the Company) shall request the Holder of the Note (in accordance with the specific written direction of the
Company) to deliver it to the Trustee. In such case, the Trustee shall place an appropriate notation on the Note about the changed
terms and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the Company in exchange for the
Note shall issue and the Trustee shall authenticate a new Note that reflects the changed terms. Failure to make the appropriate
notation or issue a new Note shall not affect the validity and effect of such amendment, supplement or waiver.

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Section
8.05.          Trustee to Sign Amendments,
Etc. The Trustee shall sign any amendment, supplement or waiver authorized pursuant to this Article 8 if
the amendment, supplement or waiver does not affect the rights, duties, liabilities or immunities of the Trustee. If it does affect
the rights, duties, liabilities or immunities of the Trustee, the Trustee may, but need not, sign such amendment, supplement or
waiver. In signing or refusing to sign such amendment, supplement or waiver the Trustee shall be entitled to receive and, subject
to Section 7.01, shall be fully protected in relying upon an Officer’s Certificate and an Opinion
of Counsel stating, in addition to the matters required by Section 11.04, that such amendment, supplement
or waiver is authorized or permitted by this Indenture and constitutes the legal, valid and binding obligation of the Company
and the Guarantors; provided that the legal counsel delivering such Opinion of Counsel may rely on matters of fact set
forth in one or more Officer’s Certificates of the Company.

Article
9

Satisfaction and Discharge of Indenture; Defeasance

Section
9.01.           Satisfaction and
Discharge of Liability on Notes; Defeasance. 

(a)            
This Indenture will be discharged and will cease to be of further effect (except as to rights of registration of transfer
or exchange of Notes which shall survive until all Notes have been canceled) as to all outstanding Notes (and the Company’s
obligations in respect of the Notes will be discharged), when:

(i)           
either:

(A)           
all the Notes that have been authenticated, except lost, stolen or destroyed Notes that have been replaced or paid and
Notes 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, have been delivered to the Trustee for cancellation; or

(B)           
all the Notes that have not been delivered to the Trustee for cancellation have become due and payable by reason of the
giving of a notice of redemption or otherwise or will become due and payable by reason of the giving of a notice of redemption
or otherwise within one year and the Company has irrevocably deposited or caused to be deposited with the Trustee as trust funds
in trust solely for the benefit of the holders of the Notes, cash in U.S. dollars, non-callable U.S. Government Securities or
a combination thereof, in amounts as will be sufficient, without consideration of any reinvestment of interest, in the opinion
of a nationally recognized investment bank, appraisal firm or firm of independent public accountants, to pay and discharge the
entire Indebtedness on the Notes not delivered to the Trustee for cancellation for principal, premium, if any, and accrued and
unpaid interest to the date of maturity or redemption;

(ii)            
in respect of clause (a)(i)(B) of this Section
9.01, no Default or Event of Default has occurred and is continuing under this Indenture on the date of the deposit or will occur
as a result of the deposit (other than a Default or Event of Default resulting from or arising in connection with borrowing of
funds to be applied to such deposit and the grant of any Lien securing such borrowing);

(iii)           the Company has paid or caused to be paid all sums payable by it under this Indenture; and

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(iv)           the Company has delivered irrevocable instructions to the Trustee under this Indenture to apply the deposited money toward
the payment of the Notes issued hereunder at maturity or the Redemption Date, as the case may be.

In
addition, the Company must deliver an Officer’s Certificate and an Opinion of Counsel to the Trustee stating that all conditions
precedent to satisfaction and discharge have been satisfied.

(b)            
The Company may, at its option and at any time, elect to have all of its obligations and the obligations of the Guarantors
released with respect to the outstanding Notes (“Legal Defeasance”). Legal Defeasance means that the Company
and the Guarantors shall be deemed to have paid and discharged the entire Indebtedness represented by the Notes and the related
Guarantees, and this Indenture shall cease to be of further effect as to all outstanding Notes and the related Guarantees, except
for:

(1)           
the rights of Holders of outstanding Notes to receive payments in respect of the principal of, or interest or premium,
if any, on the Notes when such payments are due from the trust referred to in Section 9.02(a);

(2)           
the Company’s obligations with respect to the Notes concerning issuing temporary Notes, registration of Notes, mutilated,
destroyed, lost or stolen Notes and the maintenance of an office or agency for payment;

(3)           
the rights, powers, trusts, duties and immunities of the Trustee, and the obligations of the Company and the Guarantors
in connection therewith; and

(4)           
the Legal Defeasance provisions of this Indenture.

In
addition, the Company may, at its option and at any time, elect to have its obligations and the obligations of the Guarantors
released with respect to (A) their respective obligations under Sections 4.03, 4.04 and 4.07 through 4.12, inclusive,
with respect to the outstanding Notes and (B) the operation of Sections 6.01(a)(iii), (a)(iv), (a)(v), (a)(vi)
and (a)(vii) (only as such clauses, (a)(v), (a)(vi) and (a)(vii) apply to Significant Subsidiaries)
(“Covenant Defeasance”) on and after the conditions in Section 9.02 with respect to Covenant Defeasance
are satisfied, and thereafter any omission to comply with such obligations will not constitute a Default or Event of Default with
respect to the Notes. The Company may exercise its Legal Defeasance option regardless of whether it previously exercised Covenant
Defeasance.

(c)            
If the Company exercises its Legal Defeasance option, payment of the Notes may not be accelerated because of an Event of
Default with respect thereto.

(d)            
Upon satisfaction of the conditions set forth herein and upon request of the Company, the Trustee shall acknowledge in
writing the discharge of those obligations that the Company terminates.

(e)            
Notwithstanding clauses (a) and (b) of this Section 9.01, the Company’s
obligations in Article 2 and Sections 4.01, 4.02, 7.06, 7.07, 9.05
and 9.06 shall survive with respect to the Notes until such time as the Notes have been paid in full. Thereafter,
the Company’s obligations in Sections 7.06, 7.07, 9.05 and 9.06 shall
survive.

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Section
9.02.          Conditions to Defeasance.
In order to exercise either Legal Defeasance or Covenant Defeasance with respect to the Notes:

(a)            
the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders, cash in U.S. dollars,
non-callable U.S. Government Securities, or a combination of cash in U.S. dollars and non-callable U.S. Government Securities
in amounts as will be sufficient, in the opinion of a nationally recognized investment bank, appraisal firm or firm of independent
public accountants delivered to the Trustee, to pay the principal of, or interest and premium, if any, on the outstanding Notes
on the Stated Maturity or on the applicable Redemption Date, as the case may be, and the Company must specify whether the Notes
are being defeased to maturity or to a particular Redemption Date;

(b)            
in the case of Legal Defeasance, the Company has delivered to the Trustee an Opinion of Counsel confirming that (i) the
Company has received from, or there has been published by, the Internal Revenue Service a ruling or (ii) since the Issue Date,
there has been a change in the applicable U.S. federal income tax law, in either case to the effect that, and based thereon such
Opinion of Counsel will confirm that, the Holders of the outstanding Notes will not recognize income, gain or loss for U.S. federal
income tax purposes as a result of such Legal Defeasance and will be subject to U.S. 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;

(c)            
in the case of Covenant Defeasance, the Company has delivered to the Trustee an Opinion of Counsel confirming that the
Holders of the outstanding Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such
Covenant Defeasance and will be subject to U.S. 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;

(d)            
no Default or Event of Default has occurred and is continuing under this Indenture on the date of such deposit (other than
a Default or Event of Default resulting from or arising in connection with the borrowing of funds to be applied to such deposit
and the grant of any Lien securing such borrowings);

(e)            
such Legal Defeasance or Covenant Defeasance will not result in a breach or violation of, or constitute a default under
any material agreement or instrument (other than this Indenture) to which the Company or any Guarantor is a party or by which
the Company or any Guarantor is bound;

(f)            
the Company must deliver to the Trustee an Officer’s Certificate stating that the deposit referred to in clause (a)
was not made by the Company with the intent of preferring the Holders of the Notes over the other creditors of the Company or
any Guarantor or with the intent of defeating, hindering, delaying or defrauding creditors of the Company or any Guarantor or
others; and

(g)            
the Company must deliver to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all
conditions precedent relating to the Legal Defeasance or the Covenant Defeasance of the Notes have been complied with.

Notwithstanding
the foregoing, the Opinion of Counsel required by clauses (b) and (c) of this Section 9.02 with respect to a Legal Defeasance
or a Covenant Defeasance, as applicable, need not be delivered if all the Notes not theretofore delivered to the Trustee for cancellation
(x) have become due and payable or (y) will become due and payable on the maturity date within one year under arrangements satisfactory
to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company.

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If
the funds deposited with the Trustee to effect Covenant Defeasance are insufficient to pay the principal of and interest on the
Notes when due, then the Company’s obligations and the obligations of Guarantors under this Indenture will be revived and
no such defeasance will be deemed to have occurred.

Section
9.03.         Deposited Money and
U.S. Government Securities to be Held in Trust; Other Miscellaneous Provisions. All money and U.S. Government Securities (including
the proceeds thereof) deposited with the Trustee pursuant to Section 9.02(a) in respect of the outstanding Notes shall
be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment,
either directly or through any Paying Agent, to the Holders of such Notes, of all sums due and to become due thereon in respect
of principal, premium, if any, and accrued and unpaid interest, but such money need not be segregated from other funds except
to the extent required by law.

The
Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government
Securities deposited pursuant to Section 9.02(a) or the principal, premium, if any, and interest received in respect thereof
other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes.

Anything
in this Article 9 to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon
a request of the Company any money or U.S. Government Securities held by it as provided in Section 9.02(a) which, in the
opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered
to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect an equivalent Legal
Defeasance or Covenant Defeasance.

Section
9.04.          Reinstatement. If
the Trustee or Paying Agent is unable to apply any money or U.S. Government Securities in accordance with Section
9.01 by reason of any legal proceeding or by reason of any order or judgment of any court or Governmental Authority enjoining,
restraining or otherwise prohibiting such application, the Company’s obligations under this Indenture and the Notes shall
be revived and reinstated as though no deposit had occurred pursuant to this Article 9 until such time as the Trustee
or Paying Agent is permitted to apply all such money or U.S. Government Securities in accordance with Section 9.01;
provided that if the Company has made any payment of principal of, premium, if any, or accrued and unpaid interest on any
Notes because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Notes
to receive such payment from the money or U.S. Government Securities held by the Trustee or Paying Agent.

Section
9.05.          Moneys Held by Paying
Agent.  In connection with the satisfaction and discharge of this Indenture, all moneys then held by any Paying Agent under
the provisions of this Indenture shall, upon written demand of the Company, be paid to the Trustee, or if sufficient moneys have
been deposited pursuant to Section 9.02(a), to the Company upon a request of the Company, and thereupon the Paying
Agent shall be released from all further liability with respect to such moneys.

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Section
9.06.          Moneys Held by Trustee.
Any moneys deposited with the Trustee or any Paying Agent or then held by the Company in trust for the payment of the principal
of, or premium, if any, or interest on any Note that are not applied but remain unclaimed by the Holder of such Note for two years
after the date upon which the principal of, or premium, if any, or interest on such Note shall have respectively become due and
payable shall, subject to applicable abandoned property law, be repaid to the Company upon a request of the Company, or if such
moneys are then held by the Company in trust, such moneys shall be released from such trust; and the Holder of such Note entitled
to receive such payment shall thereafter, as an unsecured general creditor, look only to the Company for the payment thereof,
and all liability of the Trustee or the Paying Agent with respect to such trust money shall thereupon cease. After payment to
the Company or the release of any money held in trust by the Company, Holders entitled to the money must look only to the Company
for payment as general creditors unless applicable abandoned property law designates another Person.

Article
10

Guarantees

Section
10.01.         Guarantee.

(a)            
Each Guarantor, hereby jointly and severally, absolutely, unconditionally and irrevocably Guarantees the Notes and obligations
of the Company hereunder and thereunder, including all obligations under this Indenture, and guarantees to each Holder of a Note
authenticated and delivered by the Trustee, and to the Trustee on behalf of such Holder, that (i) the principal of (and premium,
if any) and interest on the Notes will be paid in full when due, whether at Stated Maturity, by acceleration or otherwise (including,
without limitation, the amount that would become due but for the operation of any automatic stay provision of any Bankruptcy Law),
together with interest on the overdue principal, if any, and interest on any overdue interest, to the extent lawful, and all other
obligations of the Company to the Holders or the Trustee hereunder or thereunder will be paid in full or performed, all in accordance
with the terms hereof and thereof; and (ii) in case of any extension of time of payment or renewal of any Notes or of any
such other obligations, the same will be paid in full when due or performed in accordance with the terms of the extension or renewal,
whether at Stated Maturity, by acceleration or otherwise, subject, however, in the case of clauses (i) and (ii)
above, to the limitations set forth in Section 10.03.

Each
Guarantor hereby agrees that its obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability
of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of Notes with
respect to any provisions hereof or thereof, any release of any other Guarantor, the recovery of any judgment against the Company,
any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense
of a Guarantor.

(b)            
Each Guarantor hereby waives (to the extent permitted by law) the benefits of diligence, presentment, demand for payment,
filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first
against the Company or any other Person, protest, notice and all demands whatsoever and covenants that the Note Guarantee of such
Guarantor shall not be discharged as to the Notes except by complete performance of the obligations contained in such Note, this
Indenture and such Note Guarantee. Each Guarantor acknowledges that the Note Guarantee is a guarantee of payment and not of collection.
Each of the Guarantors hereby agrees that, in the event of a default in payment of principal (or premium, if any) or interest
on such Note, whether at its Stated Maturity, by acceleration, purchase or otherwise, legal proceedings may be instituted by the
Trustee on behalf of, or by, the Holder of such Note, subject to the terms and conditions set forth in this Indenture, directly
against each of the Guarantors to enforce such Guarantor’s Note Guarantee without first proceeding against the Company or
any other Guarantor. Each Guarantor agrees that if, after the occurrence and during the continuance of an Event of Default, the
Trustee or any of the Holders are prevented by applicable law from exercising their respective rights to accelerate the maturity
of the Notes, to collect interest on the Notes, or to enforce or exercise any other right or remedy with respect to the Notes,
such Guarantor will pay to the Trustee for the account of the Holders, upon demand therefor, the amount that would otherwise have
been due and payable had such rights and remedies been permitted to be exercised by the Trustee or any of the Holders.

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(c)            
If any Holder or the Trustee is required by any court or otherwise to return to the Company or any Guarantor, or any custodian,
trustee, liquidator or other similar official acting in relation to either the Company or any Guarantor, any amount paid by any
of them to the Trustee or such Holder, the Note Guarantee of each of the Guarantors, to the extent theretofore discharged, shall
be reinstated in full force and effect. Each Guarantor further agrees that, as between each Guarantor, on the one hand, and the
Holders and the Trustee, on the other hand, (x) subject to this Article 10, the maturity of the obligations guaranteed
hereby may be accelerated as provided in Article 6 for the purposes of the Note Guarantee of such Guarantor,
notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed
hereby, and (y) in the event of any acceleration of such obligations as provided in Article 6, such obligations
(whether or not due and payable) shall forthwith become due and payable by each Guarantor for the purpose of the Note Guarantee
of such Guarantor.

(d)            
Each Note Guarantee shall remain in full force and effect and continue to be effective should any petition be filed by
or against the Company for liquidation or reorganization, should the Company become insolvent or make an assignment for the benefit
of creditors or should a receiver or trustee be appointed for all or any significant part of the Company’s assets, and shall,
to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment
and performance of the Notes are, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or
returned by any obligee on the Notes, whether as a “voidable preference”, “fraudulent transfer” or otherwise,
all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded,
reduced, restored or returned, the Notes shall, to the fullest extent permitted by law, be reinstated and deemed reduced only
by such amount paid and not so rescinded, reduced, restored or returned.

(e)            
The execution by each Guarantor of this Indenture or a Supplemental Indenture evidences the Note Guarantee of such Guarantor,
whether or not the person signing as an officer of such Guarantor still holds that office at the time of authentication of any
Note. The delivery of any Note by the Trustee after authentication constitutes due delivery of the Note Guarantee set forth in
this Indenture on behalf of each Guarantor.

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

Section
10.03.        Limitation
of Liability.  Each Guarantor and by its acceptance hereof each Holder confirms that it is the intention of all such parties
that the guarantee by each such Guarantor pursuant to its Note Guarantee not constitute a fraudulent transfer or conveyance for
purposes of the Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar U.S.
Federal or state law or the provisions of its local law relating to fraudulent transfer or conveyance. To effectuate the foregoing
intention, the Holders and each such Guarantor hereby irrevocably agree that the obligations of such Guarantor under its Note
Guarantee shall be limited to the maximum amount that, after giving effect to all other contingent and fixed liabilities of such
Guarantor, and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect
of the obligations of such other Guarantor under its Note Guarantee or pursuant to its contribution obligations under this Indenture,
will not result in the obligations of such Guarantor under its Note Guarantee constituting such fraudulent transfer or conveyance.

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Section
10.04.        Contribution. In order to provide for just and equitable contribution
among the Guarantors, the Guarantors agree, inter se, that in the event any payment or distribution is made by any Guarantor under
a Note Guarantee, such Guarantor will be entitled to a contribution from any other Guarantor in a pro rata amount based on the
net assets of each Guarantor determined in accordance with GAAP.

Section
10.05.        Subrogation. Each Guarantor shall be subrogated to all rights of
Holders against the Company in respect of any amounts paid by any Guarantor pursuant to the provisions of Section
10.01; provided, however, that if an Event of Default has occurred and is continuing, no Guarantor shall be entitled
to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable
by the Company under this Indenture or the Notes shall have been paid in full.

Section
10.06.        Reinstatement. Each Guarantor hereby agrees (and each Person who
becomes a Guarantor shall agree) that the Note Guarantee provided for in Section 10.01 shall continue to be effective
or be reinstated, as the case may be, if at any time, payment, or any part thereof, of any obligations or interest thereon is
rescinded or must otherwise be restored by a Holder to the Company upon the bankruptcy or insolvency of the Company or any Guarantor.

Section
10.07.        Benefits Acknowledged. Each Guarantor acknowledges that it will receive
direct and indirect benefits from the financing arrangements contemplated by this Indenture and that its respective Note Guarantee
and waiver pursuant to its respective Note Guarantee is knowingly made in contemplation of such benefits.

Article
11

Miscellaneous

Section
11.01.        Trust
Indenture Act of 1939. Except with respect to specific provisions of the Trust Indenture Act expressly referenced in the provisions
of this Indenture, or as otherwise required by the Trust Indenture Act, the Trust Indenture Act shall not be applicable to, and
shall not govern, this Indenture and the Notes; provided that in the event this Indenture has been qualified under the
Trust Indenture Act, the Trust Indenture Act shall be applicable to, and shall govern, this Indenture and the Notes.

Section
11.02.        Holder Communications; Holder Actions.

(a)            
The rights of Holders to communicate with other Holders with respect to this Indenture or the Notes are as provided by
the Trust Indenture Act. Neither the Company nor the Trustee will be held accountable by reason of any disclosure of information
as to names and addresses of Holders made pursuant to the Trust Indenture Act, regardless of the source from which such information
was derived and such disclosure shall not be deemed to be a violation of existing law.

(b)            
Any request, demand, authorization, direction, notice, consent to amendment, supplement or waiver or other action provided
by this Indenture to be given or taken by a Holder (an “act”) may be evidenced by an instrument signed by the
Holder delivered to the Trustee. The fact and date of the execution of the instrument, or the authority of the person executing
it, may be proved in any manner that the Trustee deems sufficient. The Trustee may make reasonable rules for action by or at a
meeting of Holders, which will be binding on all the Holders.

    	65

    	 

    

(c)            
Any act by the Holder of any Note binds that Holder and every subsequent Holder of a Note that evidences the same debt
as the Note of the acting Holder, even if no notation thereof appears on the Note. Subject to Section 11.02(d), a
Holder may revoke an act as to its Notes, but only if the Trustee receives the notice of revocation before the date the amendment
or waiver or other consequence of the act becomes effective.

(d)            
The Company may, but is not obligated to, fix a record date (which need not be within the time limits otherwise prescribed
by Trust Indenture Act Section 316(c)) for the purpose of determining the Holders entitled to act with respect to any amendment
or waiver or in any other regard, except that during the continuance of an Event of Default, only the Trustee may set a record
date as to notices of default, any declaration or acceleration or any other remedies or other consequences of the Event of Default.
If a record date is fixed, those Persons that were Holders at such record date and only those Persons will be entitled to act,
or to revoke any previous act, whether or not those Persons continue to be Holders after the record date. No act will be valid
or effective for more than 90 days after the record date.

Section
11.03.        Notices. Except for notice or communications
to Holders, any notice or communication shall be given in writing (provided, that any communication sent to the Trustee
hereunder must be in the form of a document that is signed manually or by way of a digital signature provided by DocuSign (or
such other digital signature provider as specified in writing to the Trustee by the Company)) and is duly given when received
if delivered in person, when receipt is acknowledged if sent by facsimile, on the next Business Day if timely delivered by a nationally
recognized courier service that guarantees overnight delivery or two Business Days after deposit if mailed by first-class mail,
postage prepaid, addressed as follows:

If to
the Company and/or any Guarantor:

Uber Technologies, Inc.

1455 Market Street, Suite
400

San Francisco, CA 94103

Attn: Nelson Chai

Email: nchai@uber.com

With a copy (which shall
not constitute notice) to:

Covington & Burling
LLP

The New York Times Building,
620 Eighth Avenue

New York, NY 10018

Attn: Brian Rosenzweig

Email: brosenzweig@cov.com

Covington & Burling
LLP

One CityCenter, 850 Tenth
Street, NW

Washington, DC 20001

Attn: Kerry Burke

Email: kburke@cov.com

    	66

    	 

    

If to the Trustee:

U.S. Bank National Association

1 Federal Street

Boston, MA 02110

Attn: Alison D.B. Nadeau

Telephone: (617) 603-6553

Email: Alison.Nadeau@USBank.com

Such
notices or communications shall be effective when actually received and shall be sufficiently given if so given within the time
prescribed in this Indenture.

The
Company, and any Guarantor or the Trustee by written notice to the others may designate additional or different addresses for
subsequent notices or communications.

The
Trustee shall have the right, but shall not be required, to rely upon and comply with instructions and directions sent by email,
facsimile and other similar unsecured electronic methods by persons believed by the Trustee to be authorized to give instructions
and directions on behalf of the Company. The Trustee shall have no duty or obligation to verify or confirm that the person who
sent such instructions or directions is, in fact, a person authorized to give instructions on behalf of the Company; and the Trustee
shall have no liability for any losses, liabilities, costs or expenses incurred or sustained by the Company as a result of such
reliance upon or compliance with such instructions or directions; provided that such reliance was in good faith. Notwithstanding
the foregoing, the Trustee may in any instance and in its sole discretion require that an original document bearing a manual signature
be delivered to the Trustee in lieu of, or in addition to, any such electronic method. The Company agrees to assume all risks
arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including without limitation
the risk of the Trustee acting on unauthorized instructions, and all the risk of interception and misuse by third parties.

Any
notice or communication mailed to a Holder shall be mailed to him by first-class mail, postage prepaid, at his address shown on
the register kept by the Registrar. Notwithstanding any other provision of this Indenture or any Note, where this Indenture or
any Note provides for notice of any event (including any notice of redemption or repurchase) to a Holder of a Global Note (whether
by mail or otherwise), such notice shall be sufficiently given if given to DTC (or its designee) pursuant to the standing instructions
from DTC or its designee, including by electronic mail in accordance with DTC operational arrangements or other applicable Depositary
procedures.

Failure
to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders.
If a notice or communication to a Holder is mailed in the manner provided above, it shall be deemed duly given, whether or not
the addressee receives it.

If
the Company mails a notice or communication to Holders, it will mail a copy to the Trustee and each Agent at the same time.

In
case by reason of the suspension of regular mail service, or by reason of any other cause, it shall be impossible to mail any
notice as required by this Indenture, then such method of notification as shall be made with the approval of the Trustee shall
constitute a sufficient mailing of such notice.

    	67

    	 

    

Section
11.04.        Certificate and Opinion as to Conditions Precedent.

Upon
any request or application by the Company to the Trustee to take any action under this Indenture (other than the authentication
and delivery of the Initial Notes), the Company shall furnish to the Trustee:

(a)            
an Officer’s Certificate (which must include the statements set forth in Section 11.05) stating
that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed
action have been complied with; provided that no Opinion of Counsel shall be required to be delivered in connection
with (1) the original issuance of Notes on the Issue Date under this Indenture, (2) the exchange of the restricted CUSIP
of the restricted securities to an unrestricted CUSIP pursuant to the applicable procedures of the Depositary upon the Notes becoming
freely tradable by non-Affiliates of the Company under Rule 144, or (3) a request by the Company that the Trustee deliver
a notice to Holders under the Indenture where the Trustee receives an Officer’s Certificate with respect to such notice.
With respect to matters of fact, an Opinion of Counsel may rely on an Officer’s Certificate or certificates of public officials;
and

(b)            
an Opinion of Counsel (which must include the statements set forth in Section 11.05) stating that, in the opinion
of such counsel, all such conditions precedent have been complied with.

Section
11.05.   Statements Required in Certificate and Opinion.
Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other
than a certificate provided pursuant to Sections 4.03, 4.10, 4.12, 4.15, 6.01 or 9.02) must include:

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

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

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

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

Section
11.06.        Rules by Trustee and Agents.  The Trustee may make reasonable rules
for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable requirements
for its functions.

Section
11.07.        No Personal Liability of Directors, Officers, Employees and Stockholders.
No director, officer, employee or stockholder of the Company or any of the Guarantors, as such, will have any liability for
any of the Company’s or such Guarantor’s obligations under the Notes or this Indenture or for any claim based on,
in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases
all such liability. The waiver and release are part of the consideration for issuance of the Notes.

 

Section
11.08.        Governing Law; Waiver of Jury Trial.

    	68

    	 

    

THE
INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE, THE NOTES AND THE NOTE GUARANTEES, AND
ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS INDENTURE, THE NOTES OR THE NOTE GUARANTEES, WITHOUT GIVING
EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD
BE REQUIRED THEREBY.

The
Company and the Guarantors HEREBY consent to the non-exclusive jurisdiction of any court of the State of New York or any U.S.
federal court, in each case, sitting in the Borough of Manhattan, The City of New York, New York, United States, and any appellate
court from any thereof.

EACH
PARTY HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF
ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, OR IN CONNECTION WITH THIS INDENTURE.

Section
11.09.        No Adverse Interpretation of Other Agreements.  This Indenture may
not be used to interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any other Person.
Any such indenture, loan or debt agreement may not be used to interpret this Indenture.

Section
11.10.        Successors. All agreements of the Company in this Indenture and the
Notes will bind its successors. All agreements of the Trustee in this Indenture will bind its successors. All agreements of each
Guarantor in this Indenture will bind its successors, except as otherwise provided in Section 4.11.

Section
11.11.        Separability. In case any provision in this Indenture or in the Notes
is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way
be affected or impaired thereby.

Section
11.12.        Counterpart Originals. The parties may execute any number of copies
of this Indenture by manual or facsimile signature. Each signed copy will be an original, but all of them together represent the
same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute
effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture
for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures
for all purposes. Electronic signatures believed by the Trustee to comply with the ESIGN Act of 2000 or other applicable law (including
electronic images of handwritten signatures and digital signatures provided by DocuSign, Orbit, Adobe Sign or any other digital
signature provider acceptable to the Trustee) shall also be deemed original signatures for purposes hereunder.

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

    	69

    	 

    

Section
11.14.        USA Patriot Act. The Company and the Guarantors acknowledge that
in accordance with Section 326 of the U.S.A. PATRIOT Act, the Trustee, like all financial institutions and in order to help fight
the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person
or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that
they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of
the U.S.A. PATRIOT Act.

Section
11.15.        Calculations. The Company shall be responsible for making all calculations
called for under the Notes or this Indenture. The Company shall provide a copy of its calculations to each of the Trustee and
the Paying Agent (if other than the Trustee), and each of the Trustee and the Paying Agent is entitled to rely conclusively upon
the accuracy of such calculations without independent verification.

Section
11.16.        Legal Holidays. In any case an Interest Payment Date, Change of Control
Payment Date, Redemption Date, maturity date or any other date of any payment required to be made on the Notes shall be a Legal
Holiday, then each such payment need not be made on such date, but shall be made on the next succeeding Business Day with the
same force and effect as if made on the date of such payment and no additional interest shall accrue as a result of such delay
in payment.

[Signatures
on following page]

    	70

    	 

    

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

	 	UBER
    TECHNOLOGIES, INC.
	 	 
	 	By: 	/s/
    Nelson Chai
	 	 	Name: Nelson
    Chai
	 	 	Title:   Chief
    Financial Officer

 

[Signature
Page to Indenture]

    	 

    	 

    

GUARANTOR:

 

	 	RASIER,
    LLC
	 	 
	 	By: 	/s/
    Keir Gumbs
	 	 	Name: Keir
    Gumbs
	 	 	Title:   Manager

 

[Signature
Page to Indenture]

    	 

    	 

    

	 	U.S.
    BANK NATIONAL ASSOCIATION, as Trustee
	 	 
	 	By: 	/s/
    Alison D.B. Nadeau
	 	 	Name: Alison D.B. Nadeau
	 	 	Title:   Vice President

 

[Signature
Page to Indenture]

    	 

    	 

    

EXHIBIT
A

[FORM
OF NOTE]

[FACE
OF NOTE]

CUSIP No. [144A: 90353T AG5,
Reg S: U9029Y AF7]

UBER
TECHNOLOGIES, INC.

	No. [__]	[Initially]1 $[_______]

6.250%
Senior Notes due 2028

Uber
Technologies, INC., a Delaware corporation, as issuer (the “Company”,
which term includes any successor under the Indenture hereinafter referred to), for value received, promises to pay to [_______]
[CEDE & CO.]1, or its registered assigns, the principal sum of _________________ DOLLARS ($_______) [(or such other
amount as indicated on the Schedule of Exchanges of Notes attached hereto)]1 on January 15, 2028.

Interest
Rate: 6.250% per annum.

Interest
Payment Dates: January 15 and July 15, commencing on July 15, 2021.

Regular
Record Dates: January 1 and July 1

Reference
is made to the further provisions of this Note set forth on the reverse hereof, which will for all purposes have the same effect
as if set forth at this place.

 

 

1For Global Notes

1For Global Notes

1For Global Notes

    	A-1

    	 

    

IN
WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile
by one of its duly authorized officers.

	 	UBER
    TECHNOLOGIES, INC.
	 	 
	 	By: 	                                           
	 	 	Name:
	 	 	Title:

    	A-2

    	 

    

(Form
of Trustee’s Certificate of Authentication)

This
is one of the 6.250% Senior Notes due 2028 referred to in the within-mentioned Indenture.

	 	U.S.
    BANK NATIONAL ASSOCIATION, as Trustee
	 	 
	 	By: 	                                       
	 	 	Authorized Signatory

 

Dated:

    	A-3

    	 

    

[FORM
OF REVERSE OF NOTE]

UBER TECHNOLOGIES,
INC.

6.250%
SENIOR NOTE DUE 2028

1.            Principal
and Interest.

The
Company promises to pay the principal of this Note on January 15, 2028.

The
Company promises to pay, until the principal hereof is paid or made available for payment, interest on the principal amount set
forth on the face hereof at a rate of 6.250% per annum. Interest will accrue from, and including, the most recent date to which
interest has been paid or, if no interest has been paid, from and including September 16, 2020 to, but excluding, the date on
which interest is paid. Interest shall be payable in arrears on each January 15 and July 15, commencing on July 15, 2021, to the
Holders of record of the Notes at the close of business on the January 1 or July 1 immediately preceding the Interest Payment
Date. Interest will be computed on the basis of a 360-day year composed of twelve 30-day months.

The
Company will pay interest on overdue principal, premium, if any, and, to the extent lawful, interest at the rate per annum specified
in the front page of this Note. Interest not paid when due and any interest on principal, premium or interest not paid when due
will be paid to the Persons that are Holders on a special record date, which will be the 15th day preceding the date fixed by
the Company for the payment of such interest, whether or not such day is a Business Day. At least 15 days before a special record
date, the Company will send to each Holder and to the Trustee a notice that sets forth the special record date, the payment date
and the amount of interest to be paid.

2.            Paying
Agent and Registrar. Initially, U.S. Bank National Association (the “Trustee”) will act as Paying Agent
and Registrar. The Company may change any Paying Agent or Registrar without notice to the Holders. The Company or any of its Subsidiaries
may act as Paying Agent or Registrar, subject to certain exceptions.

3.            Indenture;
Note Guarantees.

The
Company issued the Notes under an Indenture dated as of September 16, 2020 (the “Indenture”) among the Company,
the Guarantors and the Trustee. This is one of the Notes of the Company issued under the Indenture. The terms of the Notes include
those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act. The Notes are subject
to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of all such terms. To
the extent permitted by applicable law, in the event of any inconsistency between the terms of this Note and the terms of the
Indenture, the terms of the Indenture will control. Capitalized and certain other terms used and not otherwise defined herein
have the meanings set forth in the Indenture.

The
Company’s obligations under the Notes are jointly and severally, fully and unconditionally guaranteed, to the extent set
forth in the Indenture, by each of the Guarantors.

4.            Optional
Redemption. This Note is subject to redemption, and may be the subject of an offer to purchase, as further described in the
Indenture.

    	A-4

    	 

    

5.            Denominations,
Transfer, Exchange. The Notes shall be issuable only in fully registered form without coupons in denominations of $2,000 and
any integral multiple of $1,000 in excess thereof. A Holder may transfer or exchange Notes in accordance with the Indenture.

6.            Amendment,
Supplement, Waiver, Etc. Subject to certain exceptions, the Indenture and the Notes may be amended, or default may be waived,
with the consent of the Holders of a majority in principal amount of the outstanding Notes. Without notice to or the consent of
any Holder, the Company and the Trustee may amend or supplement the Indenture or the Notes to, among other things, cure any ambiguity,
defect or inconsistency.

7.            Defaults
and Remedies. If an Event of Default, as defined in the Indenture, occurs and is continuing, the Trustee or the Holders of
at least 30% in principal amount of the Notes may declare all the Notes to be due and payable, subject to the terms of the Indenture.
If a bankruptcy or insolvency default with respect to the Company occurs and is continuing, the Notes automatically become due
and payable. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may require indemnity
satisfactory to it before it enforces the Indenture or the Notes. Subject to certain limitations, Holders of a majority in principal
amount of the Notes then outstanding may direct the Trustee in its exercise of remedies.

8.            Governing
Law. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS NOTE, AND ANY CLAIM, CONTROVERSY OR
DISPUTE ARISING UNDER OR RELATED TO THIS NOTE, WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT
THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

9.            Abbreviations.
Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TENANT (=
tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian),
and U/G/M/A (= Uniform Gifts to Minors Act).

    	A-5

    	 

    

[FORM
OF TRANSFER NOTICE]

FOR VALUE
RECEIVED the undersigned registered holder hereby sell(s), assign(s) and transfer(s) unto

	Insert
    Taxpayer Identification No.
	 
	 
	Please
    print or typewrite name and address including zip code of assignee
	 
	the
    within Note and all rights thereunder, hereby irrevocably constituting and appointing
	 

 

attorney to transfer said Note on
the books of the Company with full power of substitution in the premises.

    	A-6

    	 

    

[THE FOLLOWING PROVISION TO
BE INCLUDED ON ALL CERTIFICATES BEARING A RESTRICTED LEGEND]

In
connection with any transfer of this Note, the undersigned confirms that such transfer is made without utilizing any general solicitation
or general advertising and further as follows:

Check
One

o            (1)
This Note is being transferred to a “qualified institutional buyer” in compliance with Rule 144A under the Securities
Act of 1933, as amended and certification in the form of Exhibit E to the Indenture is being furnished herewith.

o            (2)
This Note is being transferred to a Non-U.S. Person in compliance with the exemption from registration under the Securities Act
of 1933, as amended, provided by Regulation S thereunder, and certification in the form of Exhibit E to the Indenture is being
furnished herewith.

or

o            (3)
This Note is being transferred other than in accordance with (1) or (2) above and documents are being furnished which comply with
the conditions of transfer set forth in this Note and the Indenture.

If
none of the foregoing boxes is checked, the Trustee is not obligated to register this Note in the name of any Person other than
the Holder hereof unless and until the conditions to any such transfer of registration set forth herein and in the Indenture have
been satisfied.

	 	 	 
	Date:  	 	 
	 	 	 
	Seller	 	 
	 	 	 
	By	 	 

 

	 	NOTICE:
The signature to this assignment must correspond with the name as written upon the face of the within-mentioned instrument in
every particular, without alteration or any change whatsoever.

    	A-7

    	 

    

	Signature
    Guarantee:5	 

	 	By	 
	 	To
    be executed by an executive officer

 

 

5Signatures
must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which
requirements include membership or participation in the Securities Transfer Association Medallion Program (“STAMP”)
or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution
for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

    	A-8

    	 

    

OPTION
OF HOLDER TO ELECT REPURCHASE

If you
wish to have all of this Note repurchased by the Company pursuant to Section 4.10 of the Indenture, check the box: o

Date:____________

Your Signature:__________________________

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

Signature Guarantee:1_____________________________

 

1Signatures
must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Trustee, which requirements
include membership or participation in the Securities Transfer Association Medallion Program (“STAMP”) or such
other “signature guarantee program” as may be determined by the Trustee in addition to, or in substitution for, STAMP,
all in accordance with the Securities Exchange Act of 1934, as amended.

    	A-9

    	 

    

SCHEDULE
OF EXCHANGES OF NOTES1

The following
exchanges of a part of this Global Note for Certificated Notes or a part of another Global Note have been made:

	Date of Exchange	 	Amount of 

decrease
 in principal 

amount
 of this Global 

Note	 	 	Amount of 

increase
 in principal 

amount
 of this Global 

Note	 	 	Principal 

amount of
 this Global 

Note
 following such
 decrease (or
 increase)	 	 	Signature of
 authorized 

signatory of
 Trustee	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

1For Global Notes

    	A-10

    	 

    

EXHIBIT
B

[FORM
OF RESTRICTED LEGEND]

THIS NOTE
HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE
OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR
OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER:

(1)
            REPRESENTS THAT:

(A)
            IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED
INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT
DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT,

(B)
            IT IS AN INSTITUTIONAL “ACCREDITED INVESTOR”
(WITHIN THE MEANING OF RULE 501(a) (1), (2), (3) OR (7) UNDER THE SECURITIES ACT) (AN “INSTITUTIONAL ACCREDITED INVESTOR”)
OR

(C)            IT
IS NOT A U.S. PERSON (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT) AND

(2)            AGREES
FOR THE BENEFIT OF THE COMPANY THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS NOTE OR ANY BENEFICIAL INTEREST
HEREIN, EXCEPT IN ACCORDANCE WITH THE SECURITIES ACT AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND
ONLY:

(A)            TO
THE COMPANY OR ANY OF ITS SUBSIDIARIES,

(B)            PURSUANT
TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT,

(C)            TO
A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT,

(D)            IN
AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT,

(E)            IN
A PRINCIPAL AMOUNT OF NOT LESS THAN $100,000, TO AN INSTITUTIONAL ACCREDITED INVESTOR THAT, PRIOR TO SUCH TRANSFER, DELIVERS TO
THE TRUSTEE A DULY COMPLETED AND SIGNED CERTIFICATE (THE FORM OF WHICH MAY BE OBTAINED FROM THE COMPANY) RELATING TO THE RESTRICTIONS
ON TRANSFER OF THIS NOTE, OR

(F)            PURSUANT
TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR ANY OTHER AVAILABLE EXEMPTION
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL IF THE COMPANY SO REQUESTS).

PRIOR
TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (2)(C) ABOVE OR (2)(D) ABOVE, A DULY COMPLETED AND SIGNED CERTIFICATE (THE
FORM OF WHICH MAY BE OBTAINED FROM THE COMPANY) MUST BE DELIVERED TO THE TRUSTEE. PRIOR TO THE REGISTRATION OF ANY TRANSFER IN
ACCORDANCE WITH (2)(E) OR (F) ABOVE, THE COMPANY RESERVES THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS
OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH
THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY RULE 144 EXEMPTION
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

    	B-1

    	 

    

EXHIBIT
C

[FORM
OF DTC LEGEND]

UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
A BENEFICIAL INTEREST HEREIN.

TRANSFERS
OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH
THE TRANSFER PROVISIONS OF THE INDENTURE.

    	C-1

    	 

    

EXHIBIT
D

Regulation
S Certificate

 

	 	_________, 20__

U.S. Bank National Association

as Trustee and Registrar

1 Federal Street

Boston, MA 02110

Phone: (617) 603-6553

Email: Alison.Nadeau@USBank.com

	 	Re:	Uber
                                         Technologies, Inc.

                                         6.250% Senior Notes due 2028 (the “Notes”)

                                         Issued under the Indenture (the “Indenture”) dated as

                                         of September 16, 2020 relating to the Notes

 

Ladies and Gentlemen:

Terms
are used in this Certificate as used in Regulation S (“Regulation S”) under the Securities Act of 1933, as
amended (the “Securities Act”), except as otherwise stated herein.

[CHECK
A OR B AS APPLICABLE.]

		oA.	This Certificate relates
to our proposed transfer of $____ principal amount of Notes issued under the Indenture. We hereby certify as follows:

		1.	The
                                         offer and sale of the Notes was not and will not be made to a person in the United States
                                         (unless such person is excluded from the definition of “U.S. person” pursuant
                                         to Rule 902(k)(2)(vi) or the account held by it for which it is acting is excluded from
                                         the definition of “U.S. person” pursuant to Rule 902(k)(2)(i) under the circumstances
                                         described in Rule 902(h)(3)) and such offer and sale was not and will not be specifically
                                         targeted at an identifiable group of U.S. citizens abroad.

		2.	Unless
                                         the circumstances described in the parenthetical in paragraph 1 above are applicable,
                                         either (a) at the time the buy order was originated, the buyer was outside the United
                                         States or we and any person acting on our behalf reasonably believed that the buyer was
                                         outside the United States or (b) the transaction was executed in, on or through the facilities
                                         of a designated offshore securities market, and neither we nor any person acting on our
                                         behalf knows that the transaction was pre-arranged with a buyer in the United States.

		3.	Neither
                                         we, any of our affiliates, nor any person acting on our or their behalf has made any
                                         directed selling efforts in the United States with respect to the Notes.

    	D-1

    	 

    

		4.	The
                                         proposed transfer of Notes is not part of a plan or scheme to evade the registration
                                         requirements of the Securities Act.

		5.	If
                                         we are a dealer or a person receiving a selling concession, fee or other remuneration
                                         in respect of the Notes, and the proposed transfer takes place during the Restricted
                                         Period (as defined in the Indenture), or we are an officer or director of the Company
                                         (as defined in the Indenture), we certify that the proposed transfer is being made in
                                         accordance with the provisions of Rule 904(b) of Regulation S.

		oB.	This Certificate relates
to our proposed exchange of $____ principal amount of Notes issued under the Indenture for an equal principal amount of Notes
to be held by us. We hereby certify as follows:

		1.	At
                                         the time the offer and sale of the Notes was made to us, either (i) we were not in the
                                         United States or (ii) we were excluded from the definition of “U.S. person”
                                         pursuant to Rule 902(k)(2)(vi) or the account held by us for which we were acting was
                                         excluded from the definition of “U.S. person” pursuant to Rule 902(k)(2)(i)
                                         under the circumstances described in Rule 902(h)(3); and we were not a member of an identifiable
                                         group of U.S. citizens abroad.

		2.	Unless
                                         the circumstances described in paragraph 1(ii) above are applicable, either (a) at the
                                         time our buy order was originated, we were outside the United States or (b) the transaction
                                         was executed in, on or through the facilities of a designated offshore securities market
                                         and we did not pre-arrange the transaction in the United States.

		3.	The
                                         proposed exchange of Notes is not part of a plan or scheme to evade the registration
                                         requirements of the Securities Act.

You
and the Company are entitled to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy
hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered
hereby.

 

	 	Very truly yours,
	 	 
	 	[NAME
    OF SELLER 

(FOR TRANSFERS) OR OWNER 

(FOR EXCHANGES)]
	 	 
	 	By:  	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	Address:	 

 

Date: _________________

    	D-2

    	 

    

EXHIBIT E

 

Rule 144A
Certificate

 

	 	_________, 20__

U.S. Bank National Association

as Trustee and Registrar

1 Federal Street

Boston, MA 02110

Phone: (617) 603-6553

Email: Alison.Nadeau@USBank.com

	 	Re:	Uber
                                         Technologies, Inc.

                                         6.250% Senior Notes due 2028 (the “Notes”)

                                         Issued under the Indenture (the “Indenture”) dated as

                                         of September 16, 2020 relating to the Notes

 

Ladies and Gentlemen:

This Certificate
relates to:

[CHECK
A OR B AS APPLICABLE.]

		oA.	Our proposed purchase of
$____ principal amount of Notes issued under the Indenture.

		oB.	Our proposed exchange of
$____ principal amount of Notes issued under the Indenture for an equal principal amount of Notes to be held by us.

We
and, if applicable, each account for which we are acting in the aggregate owned and invested more than $100,000,000 in securities
of issuers that are not affiliated with us (or such accounts, if applicable), as of _________, 20__, which is a date on or since
close of our most recent fiscal year. We and, if applicable, each account for which we are acting, are a qualified institutional
buyer within the meaning of Rule 144A (“Rule 144A”) under the Securities Act of 1933, as amended (the “Securities
Act”). If we are acting on behalf of an account, we exercise sole investment discretion with respect to such account.
We are aware that the transfer of Notes to us, or such exchange, as applicable, is being made in reliance upon the exemption from
the provisions of Section 5 of the Securities Act provided by Rule 144A. Prior to the date of this Certificate we have received
such information regarding the Company as we have requested pursuant to Rule 144A(d)(4) or have determined not to request such
information.

You
and the Company are entitled to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy
hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered
hereby.

    	E-1

    	 

    

	 	Very truly yours,
	 	 
	 	[NAME
    OF PURCHASER 

(FOR TRANSFERS) OR OWNER 

(FOR EXCHANGES)]
	 	 
	 	By: 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	Address:	 

 

Date: _________________

    	E-2

    	 

    

EXHIBIT
F

Institutional
Accredited Investor Certificate

 

U.S. Bank National Association

as Trustee and Registrar

1 Federal Street

Boston, MA 02110

Phone: (617) 603-6553

Email: Alison.Nadeau@USBank.com

	 	Re:	Uber
                                         Technologies, Inc.

                                         6.250% Senior Notes due 2028 (the “Notes”)

                                         Issued under the Indenture (the “Indenture”) dated as

                                         of September 16, 2020 relating to the Notes

 

Ladies and Gentlemen:

This Certificate
relates to:

[CHECK
A OR B AS APPLICABLE.]

		oA.	Our proposed purchase of
$____ principal amount of Notes issued under the Indenture.

		oB.	Our proposed exchange of
$____ principal amount of Notes issued under the Indenture for an equal principal amount of Notes to be held by us.

We hereby
confirm that:

		1.	We
                                         are an institutional “accredited investor” within the meaning of Rule 501(a)(1),
                                         (2), (3) or (7) under the Securities Act of 1933, as amended (the “Securities Act”)
                                         (an “Institutional Accredited Investor”).

		2.	Any
                                         acquisition of Notes by us will be for our own account or for the account of one or more
                                         other Institutional Accredited Investors as to which we exercise sole investment discretion.

		3.	We
                                         have such knowledge and experience in financial and business matters that we are capable
                                         of evaluating the merits and risks of an investment in the Notes and we and any accounts
                                         for which we are acting are able to bear the economic risks of and an entire loss of
                                         our or their investment in the Notes.

		4.	We
                                         are not acquiring the Notes with a view to any distribution thereof in a transaction
                                         that would violate the Securities Act or the securities laws of any State of the United
                                         States or any other applicable jurisdiction; provided that the disposition of
                                         our property and the property of any accounts for which we are acting as fiduciary will
                                         remain at all times within our and their control.

    	F-1

    	 

    

		5.	We
                                         acknowledge that the Notes have not been registered under the Securities Act and that
                                         the Notes may not be offered or sold within the United States or to or for the benefit
                                         of U.S. persons except as set forth below.

		6.	The
                                         principal amount of Notes to which this Certificate relates is at least equal to $100,000.

We
agree for the benefit of the Company, on our own behalf and on behalf of each account for which we are acting, that such Notes
may be offered, sold, pledged or otherwise transferred only in accordance with the Securities Act and any applicable securities
laws of any State of the United States and only (a) to the Company or any of its Subsidiaries, (b) pursuant to a registration
statement which has become effective under the Securities Act, (c) to a qualified institutional buyer in compliance with Rule
144A under the Securities Act, (d) in an offshore transaction in compliance with Rule 904 of Regulation S under the Securities
Act, (e) in a principal amount of not less than $100,000, to an Institutional Accredited Investor that, prior to such transfer,
delivers to the Trustee a duly completed and signed certificate (the form of which may be obtained from the Trustee) relating
to the restrictions on transfer of the Notes or (f) pursuant to an exemption from registration provided by Rule 144 under the
Securities Act or any other available exemption from the registration requirements of the Securities Act.

Prior
to the registration of any transfer in accordance with (c) or (d) above, we acknowledge that a duly completed and signed certificate
(the form of which may be obtained from the Trustee) must be delivered to the Trustee. Prior to the registration of any transfer
in accordance with (e) or (f) above, we acknowledge that the Company reserves the right to require the delivery of such legal
opinions, certifications or other evidence as may reasonably be required in order to determine that the proposed transfer is being
made in compliance with the Securities Act and applicable state securities laws. We acknowledge that no representation is made
as to the availability of any Rule 144 exemption from the registration requirements of the Securities Act.

We
understand that the Trustee will not be required to accept for registration of transfer any Notes acquired by us, except upon
presentation of evidence satisfactory to the Company and the Trustee that the foregoing restrictions on transfer have been complied
with. We further understand that the Notes acquired by us will be in the form of definitive physical certificates and that such
certificates will bear a legend reflecting the substance of the preceding paragraph. We further agree to provide to any person
acquiring any of the Notes from us a notice advising such person that resales of the Notes are restricted as stated herein and
that certificates representing the Notes will bear a legend to that effect.

We
agree to notify you promptly in writing if any of our acknowledgments, representations or agreements herein ceases to be accurate
and complete.

We
represent to you that we have full power to make the foregoing acknowledgments, representations and agreements on our own behalf
and on behalf of any account for which we are acting.

You
and the Company are entitled to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy
hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered
hereby.

    	F-2

    	 

    

	 	Very truly yours,
	 	 
	 	[NAME
    OF PURCHASER 

(FOR TRANSFERS) OR OWNER 

(FOR EXCHANGES)]
	 	 
	 	By: 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	Address:	 

 

Date: _________________

Upon transfer,
the Notes would be registered in the name of the new beneficial owner as follows:

 

By:  _________________________________

Date:  ________________________________

Taxpayer ID number: ___________________

    	F-3

    	 

    

EXHIBIT
G

[COMPLETE
FORM I OR FORM II AS APPLICABLE.]

[FORM I]

Certificate of Beneficial Ownership

	To:	U.S.
                                         Bank National Association

                                         as Trustee and Registrar

                                         1 Federal Street

                                         Boston, MA 02110

Phone: (617) 603-6553            

Email: Alison.Nadeau@USBank.com

 

OR

[Name of DTC Participant]

	Re:	Uber
                                         Technologies, Inc.

                                         6.250% Senior Notes due 2028 (the “Notes”)

                                         Issued under the Indenture (the “Indenture”) dated as

                                         of September 16, 2020 relating to the Notes

 

Ladies and Gentlemen:

We
are the beneficial owner of $____ principal amount of Notes issued under the Indenture and represented by an Offshore Global Note
(as defined in the Indenture).

We hereby
certify as follows:

[CHECK
A OR B AS APPLICABLE.]

		oA.	We are a non-U.S. person
(within the meaning of Regulation S under the Securities Act of 1933, as amended).

		oB.	We are a U.S. person (within
the meaning of Regulation S under the Securities Act of 1933, as amended) that purchased the Notes in a transaction that did not
require registration under the Securities Act of 1933, as amended.

You
and the Company are entitled to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy
hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered
hereby.

	 	Very truly yours,
	 	 
	 	[NAME
    OF BENEFICIAL OWNER]
	 	 
	 	By: 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	Address:	 

 

Date: _________________

    	G-1

    	 

    

[FORM
II]

Certificate of Beneficial Ownership

	To:	U.S.
                                         Bank National Association as Trustee and Registrar

        1 Federal Street

        Boston, MA 02110

        Phone: (617) 603-6553

        Email: Alison.Nadeau@USBank.com

         

	Re:	Uber
                                         Technologies, Inc.

                                         6.250% Senior Notes due 2028 (the “Notes”)

                                         Issued under the Indenture (the “Indenture”) dated as

                                         of September 16, 2020 relating to the Notes

 

Ladies and Gentlemen:

This
is to certify that based solely on certifications we have received in writing, by tested telex or by electronic transmission from
Institutions appearing in our records as persons being entitled to a portion of the principal amount of Notes represented by an
Offshore Global Note issued under the above-referenced Indenture, that as of the date hereof, $____ principal amount of Notes
represented by the Offshore Global Note being submitted herewith for exchange is beneficially owned by persons that are either
(i) non-U.S. persons (within the meaning of Regulation S under the Securities Act of 1933, as amended) or (ii) U.S. persons that
purchased the Notes in a transaction that did not require registration under the Securities Act of 1933, as amended.

We
further certify that (i) we are not submitting herewith for exchange any portion of such Offshore Global Note excepted in such
certifications and (ii) as of the date hereof we have not received any notification from any Institution to the effect that the
statements made by such Institution with respect to any portion of such Offshore Global Note submitted herewith for exchange are
no longer true and cannot be relied upon as of the date hereof.

You
and the Company are entitled to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy
hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered
hereby.

 

	 	Yours faithfully,
	 	 
	 	[Name
    of DTC Participant]
	 	 
	 	By: 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	Address:	 

 

Date: _________________

    	G-2

    	 

    

EXHIBIT
H

SUPPLEMENTAL
INDENTURE

dated as of __________, 20__

among

Uber Technologies, Inc.,

The Guarantor(s) Party Hereto

and

U.S. Bank National Association,

as Trustee

 

 

6.250%
Senior Notes due 2028

    	H-1

    	 

    

THIS
SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), entered into as of __________, 20__, among Uber
Technologies, INC., a Delaware corporation (the “Company”), [insert each Guarantor executing this Supplemental
Indenture and its jurisdiction of incorporation] (each, an “Undersigned”) and U.S. BANK NATIONAL ASSOCIATION,
as trustee (the “Trustee”).

RECITALS

WHEREAS,
the Company, the Guarantors party thereto and the Trustee entered into the Indenture, dated as of September 16, 2020 (the “Indenture”),
relating to the Company’s 6.250% Senior Notes due 2028 (the “Notes”);

WHEREAS,
as a condition to the Trustee entering into the Indenture and the purchase of the Notes by the Holders, the Company agreed pursuant
to the Indenture to cause its Restricted Subsidiaries to provide Guarantees in certain circumstances.

AGREEMENT

NOW,
THEREFORE, in consideration of the premises and mutual covenants herein contained and intending to be legally bound, the parties
to this Supplemental Indenture hereby agree as follows:

Section
1. Capitalized terms used herein and not otherwise defined herein are used as defined in the Indenture.

Section
2. Each Undersigned, by its execution of this Supplemental Indenture, agrees to be a Guarantor under the Indenture and to be bound
by the terms of the Indenture applicable to Guarantors, including, but not limited to, Article 10 thereof.

Section
3. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE, AND ANY CLAIM, CONTROVERSY
OR DISPUTE ARISING UNDER OR RELATED TO THIS SUPPLEMENTAL INDENTURE, WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS
OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

EACH
OF THE COMPANY, THE UNDERSIGNED AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE INDENTURE,
THE NOTES, THE NOTE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

Section
4. This Supplemental Indenture may be signed in various counterparts that together will constitute one and the same instrument.
The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or portable document format (“PDF”)
transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may
be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile
or PDF shall be deemed to be their original signatures for all purposes. Electronic signatures believed by the Trustee to comply
with the ESIGN Act of 2000 or other applicable law (including electronic images of handwritten signatures and digital signatures
provided by DocuSign, Orbit, Adobe Sign or any other digital signature provider acceptable to the Trustee) shall also be deemed
original signatures for purposes hereunder.

    	H-2

    	 

    

Section
5. This Supplemental Indenture is an amendment supplemental to the Indenture and the Indenture and this Supplemental Indenture
will henceforth be read together.

Section
6. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental
Indenture, the Note Guarantee of the Undersigned or for or in respect of the recitals contained herein, all of which recitals
are made solely by the Company and the Undersigned. All of the provisions contained in the Indenture in respect of the rights,
privileges, immunities, powers, and duties of the Trustee shall be applicable in respect of this Supplemental Indenture as fully
and with like force and effect as though fully set forth in full herein.

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

	 	Uber
    Technologies, INC., as Issuer
	 	 
	 	By: 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	[GUARANTOR]
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	U.S.
    BANK NATIONAL ASSOCIATION, as Trustee
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 

    	H-3

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