Document:

Form of Subordinated Indenture

 Exhibit 4.2 
  

AVIALL, INC. 
 as Company, 
  
 THE SUBSIDIARY GUARANTORS, 
 named herein, 
  
 AND 
  
                                       
  , 
 as Trustee 
  

  
 INDENTURE 
  
 DATED AS OF 
  
                     , 2004 
  

  
 DEBT SECURITIES 
 (SUBORDINATED DEBT) 

 Reconciliation and tie between Trust Indenture Act of 1939 
 and Indenture, dated as of                     ,
2004 
  

						
	SECTION OF
TRUST INDENTURE
ACT OF 1939

	 	 	 	  	SECTION(S) OF
INDENTURE

	ss.310(a)	(1)	 	 	  	609
	(a)	(2)	 	 	  	609
	(a)	(3)	 	 	  	Not Applicable
	(a)	(4)	 	 	  	Not Applicable
	(b)	 	 	 	  	608,610
	ss.311(a)	 	 	 	  	613
	(b)	 	 	 	  	613
	(c)	 	 	 	  	Not Applicable
	ss.312(a)	 	 	 	  	701, 702(a)
	(b)	 	 	 	  	702(b)
	(c)	 	 	 	  	702(c)
	ss.313(a)	 	 	 	  	703(a)
	(b)	 	 	 	  	703(b)
	(c)	 	 	 	  	703(c)
	(d)	 	 	 	  	703(d)
	ss.314(a)	 	 	 	  	704,1005
	(b)	 	 	 	  	Not Applicable
	(c)(1)	 	 	 	  	103
	(c)(2)	 	 	 	  	103
	(c)(3)	 	 	 	  	Not Applicable
	(d)	 	 	 	  	Not Applicable
	(e)	 	 	 	  	103
	ss.315(a)	 	 	 	  	601(a)
	(b)	 	 	 	  	602
	(c)	 	 	 	  	601(b)
	(d)	 	 	 	  	601(c)
	(d)	(1)	 	 	  	601(a)(1)
	(d)	(2)	 	 	  	601(c)(2)
	(d)	(3)	 	 	  	601(c)(3)
	(e)	 	 	 	  	513
	ss.316(a)	(1)(A)	 	 	  	502,511
	(a)	(1)(B)	 	 	  	512
	(a)	(2)	 	 	  	Not Applicable
	(a)	(last sentence)	 	 	  	101
	(b)	 	 	 	  	508
	ss.317(a)	(1)	 	 	  	503
	(a)	(2)	 	 	  	504
	(b)	 	 	 	  	1003
	ss.318(a)	 	 	 	  	108

  

 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. 
  

 II 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	PAGE

		
	 ARTICLE ONE
  
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	 
			
	 SECTION 101.
	  	DEFINITIONS	  	1
	 Act
	  	2
	 Additional Amounts
	  	2
	 Affiliate
	  	2
	 Agent Members
	  	2
	 Authenticating Agent
	  	2
	 Authorized Newspaper
	  	2
	 Board of Directors
	  	2
	 Board Resolution
	  	2
	 Business Day
	  	3
	 Capital Stock
	  	3
	 Capitalized Lease Obligation
	  	3
	 Commission
	  	3
	 Common Stock
	  	3
	 Company
	  	3
	 Company Request and Company Order
	  	3
	 Conversion Event
	  	3
	 Corporate Trust Office
	  	3
	 Defaulted Interest
	  	3
	 Depositary
	  	3
	 Dollar or $
	  	3
	 Event of Default
	  	3
	 Exchange Rate
	  	4
	 Holder
	  	4
	 Indebtedness
	  	4
	 Indenture
	  	4
	 Interest
	  	4
	 Interest Payment Date
	  	4
	 Interest Swap and Hedging Obligation
	  	4
	 Judgment Currency
	  	4
	 Junior Security
	  	4
	 Maturity
	  	4
	 Obligor
	  	5
	 Officers’ Certificate
	  	5
	 Opinion of Counsel
	  	5
	 Original Issue Discount Security
	  	5
	 Outstanding
	  	5
	 Paying Agent
	  	6
	 Payment Default
	  	6
	 Payment Notice
	  	6
	 Person
	  	6
	 Place of Payment
	  	6

  

 i 

					
	 Predecessor Security
	  	6
	 Redemption Date
	  	6
	 Redemption Price
	  	6
	 Regular Record Date
	  	6
	 Required Currency
	  	6
	 Responsible Officer
	  	6
	 Securities
	  	7
	 Security Custodian
	  	7
	 Security Register and Security Registrar
	  	7
	 Senior Indebtedness
	  	7
	 Significant Subsidiary
	  	7
	 Special Record Date
	  	7
	 Stated Maturity
	  	7
	 Subsidiary
	  	7
	 Subsidiary Guarantee
	  	7
	 Subsidiary Guarantor
	  	8
	 Trustee
	  	8
	 Trust Indenture Act
	  	8
	 United States
	  	8
	 United States Alien
	  	8
	 U.S. Government Obligations
	  	8
	 Vice President
	  	8
	 Wholly Owned Subsidiary
	  	8
	 Yield to Maturity
	  	8
			
	 SECTION 102.
	  	INCORPORATION BY REFERENCE OF TRUST INDENTURE ACT	  	9
			
	 SECTION 103.
	  	COMPLIANCE CERTIFICATES AND OPINIONS	  	9
			
	 SECTION 104.
	  	FORM OF DOCUMENTS DELIVERED TO TRUSTEE	  	10
			
	 SECTION 105.
	  	ACTS OF HOLDERS; RECORD DATES	  	10
			
	 SECTION 106.
	  	NOTICES, ETC., TO TRUSTEE, COMPANY AND SUBSIDIARY GUARANTORS	  	11
			
	 SECTION 107.
	  	NOTICE TO HOLDERS; WAIVER	  	11
			
	 SECTION 108.
	  	CONFLICT WITH TRUST INDENTURE ACT	  	12
			
	 SECTION 109.
	  	EFFECT OF HEADINGS AND TABLE OF CONTENTS	  	12
			
	 SECTION 110.
	  	SUCCESSORS AND ASSIGNS	  	12
			
	 SECTION 111.
	  	SEPARABILITY CLAUSE	  	12
			
	 SECTION 112.
	  	BENEFITS OF INDENTURE	  	12
			
	 SECTION 113.
	  	GOVERNING LAW	  	12

  

 ii 

					
			
	 SECTION 114.
	  	LEGAL HOLIDAYS	  	13
			
	 SECTION 115.
	  	CORPORATE OBLIGATION	  	13
			
	 SECTION 116.
	  	COUNTERPART ORIGINALS	  	13
			
	 SECTION 117.
	  	NO PERSONAL LIABILITY OF DIRECTORS, OFFICERS, EMPLOYEES AND STOCKHOLDERS	  	13
		
	 ARTICLE TWO
  
 SECURITY FORMS
	  	 
			
	 SECTION 201.
	  	FORMS GENERALLY	  	13
			
	 SECTION 202.
	  	FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION	  	14
		
	 ARTICLE THREE
  
 THE SECURITIES
	  	 
			
	 SECTION 301.
	  	AMOUNT UNLIMITED; ISSUABLE IN SERIES	  	14
			
	 SECTION 302.
	  	DENOMINATIONS	  	17
			
	 SECTION 303.
	  	EXECUTION, AUTHENTICATION, DELIVERY AND DATING	  	17
			
	 SECTION 304.
	  	TEMPORARY SECURITIES	  	18
			
	 SECTION 305.
	  	REGISTRATION, REGISTRATION OF TRANSFER AND EXCHANGE	  	19
			
	 SECTION 306.
	  	MUTILATED, DESTROYED, LOST AND STOLEN SECURITIES	  	22
			
	 SECTION 307.
	  	PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED	  	23
			
	 SECTION 308.
	  	PERSONS DEEMED OWNERS	  	24
			
	 SECTION 309.
	  	CANCELLATION	  	24
			
	 SECTION 310.
	  	COMPUTATION OF INTEREST	  	24
			
	 SECTION 311.
	  	CUSIP NUMBERS	  	24
			
	 SECTION 312.
	  	PERIODIC OFFERING OF SECURITIES	  	25
		
	 ARTICLE FOUR
  
 SATISFACTION AND DISCHARGE
	  	 
			
	 SECTION 401.
	  	SATISFACTION AND DISCHARGE OF INDENTURE	  	25
			
	 SECTION 402.
	  	APPLICATION OF TRUST MONEY	  	27

  

 iii 

					
			
	 SECTION 403.
	  	DISCHARGE OF LIABILITY ON SECURITIES OF ANY SERIES	  	27
			
	 SECTION 404.
	  	REINSTATEMENT	  	28
		
	 ARTICLE FIVE
  
 REMEDIES
	  	 
			
	 SECTION 501.
	  	EVENTS OF DEFAULT	  	28
			
	 SECTION 502.
	  	ACCELERATION OF MATURITY; RESCISSION AND ANNULMENT	  	30
			
	 SECTION 503.
	  	COLLECTION OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY TRUSTEE	  	31
			
	 SECTION 504.
	  	TRUSTEE MAY FILE PROOFS OF CLAIM	  	31
			
	 SECTION 505.
	  	TRUSTEE MAY ENFORCE CLAIMS WITHOUT POSSESSION OF SECURITIES OR COUPONS	  	32
			
	 SECTION 506.
	  	APPLICATION OF MONEY COLLECTED	  	32
			
	 SECTION 507.
	  	LIMITATION ON SUITS	  	33
			
	 SECTION 508.
	  	UNCONDITIONAL RIGHT OF HOLDERS TO RECEIVE PRINCIPAL PREMIUM AND INTEREST	  	34
			
	 SECTION 509.
	  	RESTORATION OF RIGHTS AND REMEDIES	  	34
			
	 SECTION 510.
	  	RIGHTS AND REMEDIES CUMULATIVE	  	34
			
	 SECTION 511.
	  	DELAY OR OMISSION NOT WAIVER	  	34
			
	 SECTION 512.
	  	CONTROL BY HOLDERS	  	34
			
	 SECTION 513.
	  	WAIVER OF PAST DEFAULTS	  	35
			
	 SECTION 514.
	  	UNDERTAKING FOR COSTS	  	35
			
	 SECTION 515.
	  	WAIVER OF STAY OR EXTENSION LAWS	  	36
		
	 ARTICLE SIX
  
 THE TRUSTEE
	  	 
			
	 SECTION 601.
	  	CERTAIN DUTIES AND RESPONSIBILITIES	  	36
			
	 SECTION 602.
	  	NOTICE OF DEFAULTS	  	37
			
	 SECTION 603.
	  	CERTAIN RIGHTS OF TRUSTEE	  	37

  

 iv 

					
			
	 SECTION 604.
	  	NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OF SECURITIES	  	38
			
	 SECTION 605.
	  	MAY HOLD SECURITIES	  	38
			
	 SECTION 606.
	  	MONEY HELD IN TRUST	  	39
			
	 SECTION 607.
	  	COMPENSATION AND REIMBURSEMENT	  	39
			
	 SECTION 608.
	  	DISQUALIFICATION; CONFLICTING INTERESTS	  	39
			
	 SECTION 609.
	  	CORPORATE TRUSTEE REQUIRED; ELIGIBILITY	  	40
			
	 SECTION 610.
	  	RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR	  	40
			
	 SECTION 611.
	  	ACCEPTANCE OF APPOINTMENT BY SUCCESSOR	  	41
			
	 SECTION 612.
	  	MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS	  	42
			
	 SECTION 613.
	  	PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY AND SUBSIDIARY GUARANTORS	  	42
			
	 SECTION 614.
	  	APPOINTMENT OF AUTHENTICATING AGENT	  	43
		
	 ARTICLE SEVEN
  
 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	  	 
			
	 SECTION 701.
	  	COMPANY TO FURNISH TRUSTEE NAMES AND ADDRESSES OF HOLDERS	  	44
			
	 SECTION 702.
	  	PRESERVATION OF INFORMATION; COMMUNICATIONS TO HOLDERS	  	45
			
	 SECTION 703.
	  	REPORTS BY TRUSTEE	  	45
			
	 SECTION 704.
	  	REPORTS BY COMPANY	  	45
		
	 ARTICLE EIGHT
  
 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
	  	 
			
	 SECTION 801.
	  	MERGER, CONSOLIDATION AND SALE OF ASSETS	  	45
			
	 SECTION 802.
	  	SUCCESSOR PERSON SUBSTITUTED	  	47
		
	 ARTICLE NINE
  
 SUPPLEMENTAL INDENTURES
	  	 
			
	 SECTION 901.
	  	SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF HOLDERS	  	47
			
	 SECTION 902.
	  	SUPPLEMENTAL INDENTURES WITH CONSENT OF HOLDERS	  	48

  

 v 

					
			
	 SECTION 903.
	  	EXECUTION OF SUPPLEMENTAL INDENTURES	  	49
			
	 SECTION 904.
	  	EFFECT OF SUPPLEMENTAL INDENTURES	  	50
			
	 SECTION 905.
	  	CONFORMITY WITH TRUST INDENTURE ACT	  	50
			
	 SECTION 906.
	  	REFERENCE IN SECURITIES TO SUPPLEMENTAL INDENTURES	  	50
		
	 ARTICLE TEN
  
 COVENANTS
	  	 
			
	 SECTION 1001.
	  	PAYMENT OF PRINCIPAL, PREMIUM AND INTEREST	  	50
			
	 SECTION 1002.
	  	MAINTENANCE OF OFFICE OR AGENCY	  	50
			
	 SECTION 1003.
	  	MONEY FOR SECURITIES PAYMENTS TO BE HELD IN TRUST	  	51
			
	 SECTION 1004.
	  	EXISTENCE	  	52
			
	 SECTION 1005.
	  	STATEMENT BY OFFICERS AS TO DEFAULT	  	52
			
	 SECTION 1006.
	  	WAIVER OF CERTAIN COVENANTS	  	52
			
	 SECTION 1007.
	  	ADDITIONAL AMOUNTS	  	53
		
	 ARTICLE ELEVEN
  
 REDEMPTION OF SECURITIES
	  	 
			
	 SECTION 1101.
	  	APPLICABILITY OF ARTICLE	  	53
			
	 SECTION 1102.
	  	ELECTION TO REDEEM; NOTICE TO TRUSTEE	  	53
			
	 SECTION 1103.
	  	SELECTION BY TRUSTEE OF SECURITIES TO BE REDEEMED	  	54
			
	 SECTION 1104.
	  	NOTICE OF REDEMPTION	  	54
			
	 SECTION 1105.
	  	DEPOSIT OF REDEMPTION PRICE	  	55
			
	 SECTION 1106.
	  	SECURITIES PAYABLE ON REDEMPTION DATE	  	55
			
	 SECTION 1107.
	  	SECURITIES REDEEMED IN PART	  	55
			
	 SECTION 1108.
	  	PURCHASE OF SECURITIES	  	55
		
	 ARTICLE TWELVE
  
 SINKING FUNDS
	  	 
			
	 SECTION 1201.
	  	APPLICABILITY OF ARTICLE	  	56

  

 vi 

					
			
	 SECTION 1202.
	  	SATISFACTION OF SINKING FUND PAYMENTS WITH SECURITIES	  	56
			
	 SECTION 1203.
	  	REDEMPTION OF SECURITIES FOR SINKING FUND	  	56
		
	 ARTICLE THIRTEEN
  
 SUBORDINATION
	  	 
			
	 SECTION 1301.
	  	APPLICABILITY OF ARTICLE	  	57
			
	 SECTION 1302.
	  	SECURITIES SUBORDINATE TO SENIOR INDEBTEDNESS OF THE COMPANY	  	57
			
	 SECTION 1303.
	  	PAYMENT OVER OF PROCEEDS UPON DISSOLUTION, ETC	  	57
			
	 SECTION 1304.
	  	NO PAYMENT WHEN SENIOR INDEBTEDNESS OF THE COMPANY IN DEFAULT	  	58
			
	 SECTION 1305.
	  	PAYMENT PERMITTED IF NO DEFAULT	  	59
			
	 SECTION 1306.
	  	SUBROGATION TO RIGHTS OF HOLDERS OF SENIOR INDEBTEDNESS OF THE COMPANY	  	59
			
	 SECTION 1307.
	  	PROVISIONS SOLELY TO DEFINE RELATIVE RIGHTS	  	60
			
	 SECTION 1308.
	  	TRUSTEE TO EFFECTUATE SUBORDINATION	  	60
			
	 SECTION 1309.
	  	NO WAIVER OF SUBORDINATION PROVISIONS	  	60
			
	 SECTION 1310.
	  	NOTICE TO TRUSTEE	  	61
			
	 SECTION 1311.
	  	RELIANCE ON JUDICIAL ORDER OR CERTIFICATE OF LIQUIDATING AGENT	  	61
			
	 SECTION 1312.
	  	TRUSTEE NOT FIDUCIARY FOR HOLDERS OF SENIOR INDEBTEDNESS OF THE COMPANY	  	62
			
	 SECTION 1313.
	  	RIGHTS OF TRUSTEE AS HOLDER OF SENIOR INDEBTEDNESS OF THE COMPANY; PRESERVATION OF TRUSTEE’S RIGHTS	  	62
			
	 SECTION 1314.
	  	ARTICLE APPLICABLE TO PAYING AGENTS	  	62
			
	 SECTION 1315.
	  	DEFEASANCE OF THIS ARTICLE THIRTEEN	  	62
		
	 ARTICLE FOURTEEN
  
 LEGAL DEFEASANCE AND COVENANT DEFEASANCE
	  	 
			
	 SECTION 1401.
	  	OPTION TO EFFECT DEFEASANCE OR COVENANT DEFEASANCE	  	62
			
	 SECTION 1402.
	  	LEGAL DEFEASANCE AND DISCHARGE	  	63

  

 vii 

					
			
	 SECTION 1403.
	  	COVENANT DEFEASANCE	  	63
			
	 SECTION 1404.
	  	CONDITIONS TO LEGAL OR COVENANT DEFEASANCE	  	64
			
	 SECTION 1405.
	  	DEPOSITED CASH AND U.S. GOVERNMENT OBLIGATIONS TO BE HELD IN TRUST; OTHER MISCELLANEOUS PROVISIONS	  	65
			
	 SECTION 1406.
	  	REPAYMENT TO COMPANY	  	65
			
	 SECTION 1407.
	  	REINSTATEMENT	  	65
		
	 ARTICLE FIFTEEN
  
 SUBSIDIARY GUARANTEES
	  	 
			
	 SECTION 1501.
	  	APPLICABILITY OF ARTICLE	  	66
			
	 SECTION 1502.
	  	SUBSIDIARY GUARANTEE	  	66
			
	 SECTION 1503.
	  	EXECUTION AND DELIVERY OF SUBSIDIARY GUARANTEES	  	67
			
	 SECTION 1504.
	  	RELEASE OF SUBSIDIARY GUARANTORS	  	68
			
	 SECTION 1505.
	  	ADDITIONAL SUBSIDIARY GUARANTORS	  	68
		
	 ARTICLE SIXTEEN
  
 SUBORDINATION OF SUBSIDIARY GUARANTEES
	  	 
			
	 SECTION 1601.
	  	APPLICABILITY OF ARTICLE	  	69
			
	 SECTION 1602.
	  	SUBSIDIARY GUARANTEES SUBORDINATE TO SENIOR INDEBTEDNESS OF SUBORDINATE GUARANTORS	  	69
			
	 SECTION 1603.
	  	PAYMENT OVER OF PROCEEDS UPON DISSOLUTION, ETC	  	69
			
	 SECTION 1604.
	  	NO PAYMENT WHEN SENIOR INDEBTEDNESS OF SUCH SUBSIDIARY GUARANTOR IN DEFAULT	  	70
			
	 SECTION 1605.
	  	PAYMENT PERMITTED IF NO DEFAULT	  	71
			
	 SECTION 1606.
	  	SUBROGATION TO RIGHTS OF HOLDERS OF SENIOR INDEBTEDNESS OF SUCH SUBSIDIARY GUARANTOR	  	71
			
	 SECTION 1607.
	  	PROVISIONS SOLELY TO DEFINE RELATIVE RIGHTS	  	71
			
	 SECTION 1608.
	  	TRUSTEE TO EFFECTUATE SUBORDINATION	  	72
			
	 SECTION 1609.
	  	NO WAIVER OF SUBORDINATION PROVISIONS	  	72

  

 viii 

					
			
	 SECTION 1610.
	  	NOTICE TO TRUSTEE	  	72
			
	 SECTION 1611.
	  	RELIANCE ON JUDICIAL ORDER OR CERTIFICATE OF LIQUIDATING AGENT	  	73
			
	 SECTION 1612.
	  	TRUSTEE NOT FIDUCIARY FOR HOLDERS OF SENIOR INDEBTEDNESS OF SUCH SUBSIDIARY GUARANTOR	  	73
			
	 SECTION 1613.
	  	RIGHTS OF TRUSTEE AS HOLDER OF SENIOR INDEBTEDNESS OF SUCH SUBSIDIARY GUARANTOR; PRESERVATION OF TRUSTEE’S RIGHTS	  	73
			
	 SECTION 1614.
	  	ARTICLE APPLICABLE TO PAYING AGENTS	  	74

  

 ix 

 INDENTURE, dated as of
                    , 2004 between Aviall, Inc., a corporation duly organized and existing under the laws of the State of Delaware (herein
called the “Company”), having its principal office at 2750 Regent Boulevard, DFW Airport, Texas 75261, the Subsidiary Guarantors (as defined herein) and
                     , as Trustee (herein called the “Trustee”). 
  
 RECITALS OF THE COMPANY 
 AND THE SUBSIDIARY GUARANTORS 
  
 The Company has duly
authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its secured and unsecured subordinated debentures, notes or other evidences of indebtedness (herein called the “Securities”), to be
issued in one or more series, either with or without the benefit of Subsidiary Guarantors (as defined herein), as in this Indenture provided. This Indenture does not limit the aggregate principal amount of Securities that may be issued hereunder.

  
 This Indenture is subject to the provisions of the Trust
Indenture Act and the rules and regulations of the Commission promulgated thereunder that are required to be part of this Indenture and, to the extent applicable, shall be governed by such provisions. 
  
 All things necessary to make this Indenture a valid agreement of the Company,
in accordance with its terms, have been done. 
  
 NOW, THEREFORE,
THIS INDENTURE WITNESSETH: 
  
 For and in consideration of the
premises and the purchase of the Securities by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities or of series thereof, as follows: 
  
 ARTICLE ONE 
  
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
  

	SECTION 101.	 	DEFINITIONS. 

  
 For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 
  
 (1) the capitalized and other terms defined in this Article
have the meanings assigned to them in this Article and include the plural as well as the singular; 
  
 (2) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting
principles in the United States, 
  
 and, except as otherwise
herein expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting principles as are generally accepted in the United States at the date
of such computation; and 
  

 1 

 (3) the words “herein”, “hereof” and “hereunder” and other
words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 
  
 Certain terms, used principally in Article Six, are defined in Section 102. 
  
 “Act”, when used with respect to any Holder, has the meaning specified in Section 105. 
  
 “Additional Amounts” means any additional amounts that are required
by the express terms of a Security or by or pursuant to a Board Resolution, under circumstances specified therein or pursuant thereto, to be paid by the Company with respect to certain taxes, assessments or other governmental charges imposed on
certain Holders and that are owing to such Holders. 
  
 “Affiliate” of any specified Person means: 
  
 (a) any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. 
  
 (b) any other Person who is a director or officer of: (1) such specified Person, (2) any Subsidiary of such specified Person, or (3) any Person described
in clause (a) above. 
  
 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 Members” has the meaning specified in Section 203. 
  
 “Authenticating Agent” means any Person, which may include the Company, authorized by the Trustee to act on behalf of the Trustee pursuant to
Section 614 to authenticate Securities of one or more series. 
  
 “Authorized Newspaper” means a newspaper, in the English language or in an official language of the country of publication, customarily published on each Business Day, whether or not published on Saturdays, Sundays or holidays,
and of general circulation in the place in connection with which the term is used or in the financial community of such place. Where successive publications are required to be made in Authorized Newspapers, the successive publications may be made in
the same or in different newspapers in the same city meeting the foregoing requirements and in each case on any Business Day. 
  
 “Board of Directors” means, with respect to the Company, either the board of directors of the Company or any duly authorized committee of that
board or, with respect to any Subsidiary Guarantor, either the board of directors of such Subsidiary Guarantor or any duly authorized committee of that board. 
  

“Board Resolution” means, with respect to the Company or a Subsidiary Guarantor, a copy of a resolution certified by the Secretary or an
Assistant Secretary of the Company or such Subsidiary Guarantor, as the case may be, to have been duly adopted by its Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. 

 

 2 

 “Business Day”, when used with respect to any Place of Payment, means each Monday, Tuesday,
Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place of Payment are authorized or obligated by law or executive order to close. 
  
 “Capital Stock” means, with respect to any Person, any and all shares, interests, rights to purchase (other than
convertible or exchangeable Indebtedness), warrants, options, participations or other equivalents of or interests (however designated) in stock issued by that Person. 
  
 “Capitalized Lease Obligation” means rental obligations under a lease that are required to be capitalized for
financial reporting purposes in accordance with generally accepted accounting principles, and the amount of Indebtedness represented by such obligations shall be the capitalized amount of such obligations, as determined in accordance with generally
accepted accounting principles. 
  
 “Commission” means
the Securities and Exchange Commission, as from time to time constituted, created under the Securities Exchange Act of 1934, as amended, or, if at any time after the execution of this instrument such Commission is not existing and performing the
duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time. 
  
 “Common Stock” means the common stock, par value $0.01 per share, of the Company as the same exists at the date of execution and delivery of
this Indenture or other capital stock of the Company into which such common stock is converted, reclassified or changed from time to time. 
  
 “Company” means the Person named as the “Company” in the first paragraph of this Indenture until a successor Person shall have become
such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person. 
  
 “Company Request” and “Company Order” mean, respectively, a written request or order signed in the name of the Company by its Chairman
of the Board, its President or a Vice President and delivered to the Trustee. 
  
 “Conversion Event” has the meaning specified in Section 501. 
  
 “Corporate Trust Office” means the principal office of the Trustee in
                    ,
                    , at which at any particular time its corporate trust business shall be principally administered, which office at the date
hereof is that indicated in the introductory paragraph of this Indenture. 
  
 “Defaulted Interest” has the meaning specified in Section 307. 
  
 “Depositary” means, with respect to the Securities of any series issuable or issued in whole or in part in global form, the Person designated as
Depositary by the Company pursuant to Section 301 with respect to the Securities of such series until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Depositary” shall
mean or include each Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Securities of any series shall mean the Depositary with respect to the
Securities of that series. 
  
 “Dollar” or “$”
means a dollar or other equivalent unit in such coin or currency of the United States as at the time shall be legal tender for the payment of public and private debts. 
  
 “Event of Default” has the meaning specified in Section 501. 
  

 3 

 “Exchange Rate” has the meaning specified in Section 501. 
  
 “Holder”, when used with respect to any Security, means the Person
in whose name the Security is registered in the Security Register. 
  
 “Indebtedness” of any Person, unless otherwise provided with respect to the Securities of a series, means, without duplication, the following (whether currently outstanding or hereafter incurred or created): (i) all liabilities
and obligations, contingent or otherwise, of any such Person (a) in respect of borrowed money (whether or not the recourse of the lender is to the whole of the assets of such Person or only to a portion thereof), (b) evidenced by bonds, notes,
debentures or similar instruments, (c) representing the balance deferred and unpaid of the purchase price of any property or services, except such as would constitute trade payables to trade creditors in the ordinary course of business that are not
more than 90 days past their original due date, (d) evidenced by bankers’ acceptances or similar instruments issued or accepted by banks, (e) for the payment of money relating to a Capitalized Lease Obligation or (f) evidenced by a letter of
credit or a reimbursement obligation of such Person with respect to any letter of credit; (ii) all net obligations of such Person under Interest Swap and Hedging Obligations; (iii) all liabilities of others of the kind described in the preceding
clause (i) or (ii) that such Person has guaranteed or that is otherwise its legal liability and all obligations to purchase, redeem or acquire any Capital Stock; and (iv) any and all deferrals, renewals, extensions, refinancings, refundings (whether
direct or indirect) of, or amendments, modifications or supplements to, any liability of the kind described in any of the preceding clauses (i), (ii) or (iii), or this clause (iv), whether or not between or among the same parties. 
  
 “Indenture” means this instrument as originally executed or as it
may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of particular series of Securities established hereunder and the
provisions of the Trust Indenture Act that are deemed to be a part of and govern this instrument. 
  
 “Interest”, when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest
payable after Maturity. 
  
 “Interest Payment Date”,
when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security. 
  
 “Interest Swap and Hedging Obligation” means any obligation of any Person pursuant to any interest rate swap agreement, interest rate cap
agreement, interest rate collar agreement, interest rate exchange agreement, currency exchange agreement or any other agreement or arrangement designed to protect against fluctuations in interest rates or currency values, including, without
limitation, any arrangement whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a fixed or floating rate of interest on a stated notional amount in exchange for
periodic payments made by such Person calculated by applying a fixed or floating rate of interest on the same notional amount. 
  
 “Judgment Currency” has the meaning specified in Section 506. 
  
 “Maturity”, when used with respect to any Security, means the date on which the principal of such Security or an
installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 
  

 4 

 “Obligor,” unless otherwise provided with respect to the Securities of a series, means the
Company, any Subsidiary Guarantor with respect to such Securities and any successor obligor upon the Securities of such series. 
  
 “Officers’ Certificate” means a certificate signed by the Chairman of the Board, the President or a Vice President, and by the Treasurer,
the Controller, the Secretary or an Assistant Treasurer, Assistant Controller or Assistant Secretary, of the Company, or a Subsidiary Guarantor, as the case may be, and delivered to the Trustee, which certificate shall comply with Section 103
hereof. 
  
 “Opinion of Counsel” means a written opinion
of counsel, who shall be reasonably satisfactory to the Trustee and may be counsel for or an employee of the Company, any Subsidiary of the Company, or the Trustee, rendered, if applicable, in accordance with Section 314(c) of the Trust Indenture
Act, which opinion shall comply with Section 103 hereof. 
  
 “Original Issue Discount Security” means (a) any Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502
and (b) any other Security deemed to be an original issue discount for United States federal income tax purposes. 
  
 “Outstanding”, when used with respect to Securities of a series, means, as of the date of determination, all Securities of such series
theretofore authenticated and delivered under this Indenture, EXCEPT: 
  
 (i) Securities theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; 
  
 (ii) Securities for whose payment or redemption money in the necessary amount has been theretofore irrevocably deposited with the Trustee
or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Securities; PROVIDED that, if such Securities are to be redeemed,
notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 
  
 (iii) Securities with respect to which the Company has elected its option under Article Fourteen hereunder (subject to the exceptions
described therein); and 
  
 (iii) Securities
which have been paid pursuant to Section 306 or in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented
to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in whose hands such Securities are valid obligations of the Company; 
  
 PROVIDED HOWEVER that in determining whether the Holders of the requisite principal amount of the Outstanding Securities have given any
request, demand, authorization, direction, notice, consent or waiver hereunder, (a) the principal amount of an Original Issue Discount Security that shall be deemed to be Outstanding for such purposes shall be the principal amount thereof that would
be due and payable as of the date of such determination upon acceleration of the Maturity thereof pursuant to Section 502, (b) the principal amount of a Security denominated in a foreign currency shall be the U.S. dollar equivalent, 

  

 5 

 
determined by the Company on the date of original issuance of such Security, of the principal amount (or, in the case of an Original Issue Discount Security,
the U.S. dollar equivalent, determined on the date of original issuance of such Security, of the amount determined as provided in (a) above), of such Security and (c) Securities owned by the Company, or any Subsidiary Guarantor or any other obligor
upon the Securities or any Affiliate of the Company, a Subsidiary Guarantor or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such
request, demand, authorization, direction, notice, consent or waiver or upon any such determination as to the presence of a quorum, only Securities which the Trustee knows to be so owned shall be so disregarded. Securities 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 Securities and that the pledgee is not the Company, a Subsidiary Guarantor or
any other obligor upon the Securities or any Affiliate of the Company or of such other obligor. 
  
 “Paying Agent” means any Person, which may include the Company, authorized by the Company to pay the principal of (and premium, if any) and
interest on or Additional Amounts with respect to any one or more series of Securities on behalf of the Company. 
  
 “Payment Default” has the meaning specified in Section 1302(a). 
  
 “Payment Notice” has the meaning specified in Section 1302(b). 
  
 “Person” means any individual, corporation, partnership, limited
liability company, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof or any other entity of any kind. 
  
 “Place of Payment”, when used with respect to the Securities of any
series, means the place or places where the principal of (and premium, if any) and interest on and any Additional Amounts with respect to the Securities of that series are payable as contemplated by Section 301. 
  
 “Predecessor Security” of any particular Security means every
previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu of a
mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
  
 “Redemption Date”, when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to 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 the Security and this Indenture. 
  
 “Regular Record Date” for the interest payable on any Interest Payment Date on the Securities of any series means
the date specified for that purpose as contemplated by Section 301. 
  
 “Required Currency” has the meaning specified in Section 506. 
  
 “Responsible Officer,” when used with respect to the Trustee, means any Vice President, the Secretary, any Assistant Secretary, the Treasurer, and Assistant Treasurer, the Cashier, any Assistant Cashier, any
Trust Officer or Assistant Trust Officer or any other officer of the Trustee customarily 

  

 6 

 
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 knowledge of and familiarity with the particular subject. 
  
 “Securities” has the meaning stated in the first recital of this Indenture and more particularly means any Securities authenticated and
delivered under this Indenture. 
  
 “Security Custodian”
means, with respect to Securities of a series issued in global form, the Trustee for Securities of such series, acting in its capacity as custodian with respect to the Securities of such series, or any successor entity thereto. 
  
 “Security Register” and “Security Registrar“ have the
respective meanings specified in Section 305. 
  
 “Senior
Indebtedness” of a Person, unless otherwise provided with respect to the Securities of a series or any guarantee, means on the date of determination (i) in respect of a series of Securities, any Indebtedness that in the instrument evidencing
the same or the assumption or guarantee thereof (or related documents to which the Company is a party) is expressly designated by the Company as senior to such series, and (ii) any modifications, refunding, deferrals, renewals or extensions of any
such Indebtedness or securities, notes or other evidences of Indebtedness issued in exchange for such Indebtedness; PROVIDED HOWEVER that in no event shall “Senior Indebtedness” include (a) Indebtedness of the Company owed or owing to any
Subsidiary of the Company or any officer, director or employee of the Company or any Subsidiary of the Company, (b) Indebtedness to trade creditors or (c) any liability for taxes owed or owing by the Company or any Subsidiary Guarantor. 

 
 “Significant Subsidiary” means, at any date of determination,
any Subsidiary that represents 10% or more of the Company’s total consolidated assets at the end of the most recent fiscal quarter for which financial information is available or 10% or more of the Company’s consolidated net revenues or
consolidated operating income for the most recent four quarters for which financial information is available. 
  
 “Special Record Date” for the payment of any Defaulted Interest on the Securities of any series means a date fixed by the Trustee pursuant to
Section 307. 
  
 “Stated Maturity”, when used with
respect to any Security or any installment of principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable.

  
 “Subsidiary” means a corporation or other business
entity of which the Company owns or controls (either directly or through one or more other Subsidiaries) more than 50% of the issued share capital or other ownership interests, in each case having ordinary voting power to elect or appoint directors,
managers or trustees of such corporation or other business entity (whether or not capital stock or other ownership interests or any other class or classes shall or might have voting power upon the occurrence of any contingency). 
  
 “Subsidiary Guarantee” means a full and unconditional guarantee by
a Subsidiary Guarantor of the obligations of the Company with respect to the Securities of a series, which guarantee shall be on the basis, and subject to the terms and conditions, as may be specified as contemplated by Section 301 in connection
with the issuance of the Securities of such series. 
  

 7 

 “Subsidiary Guarantor” in respect of a series of Securities means (i) each Subsidiary that (a)
is designated a Subsidiary Guarantor in any indenture supplemental with respect to any series of Securities and (b) provides a Subsidiary Guarantee with respect to that series of Securities, (ii) any other Subsidiary that executes a Subsidiary
Guarantee with respect to a series of Securities in accordance with the provisions thereof and (iii) each successor and assign to (i) and (ii), to the extent specified in the Subsidiary Guarantees, in each case until such Subsidiary Guarantor ceases
to be a Subsidiary Guarantor in accordance with the terms hereof. 
  
 “Trustee” means the Person named as the “Trustee” in the first paragraph of this Indenture until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter
“Trustee” shall mean or include each Person who is then a Trustee hereunder, and if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any series shall mean the Trustee with
respect to Securities of that series. 
  
 “Trust Indenture
Act” means the Trust Indenture Act of 1939, as amended, as in force at the date as of which this instrument was executed, except as provided in Section 905. 
  
 “United States” means the United States of America (including the states and the District of Columbia) and its
“possessions”, which include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands. 
  
 “United States Alien” means any Person who, for United States federal income tax purposes, is a foreign corporation, a non-resident alien
individual, a non-resident alien or foreign fiduciary of an estate or trust, or a foreign partnership. 
  
 “U.S. Government Obligations” has the meaning specified in Section 401. 
  
 “Vice President”, when used with respect to the Company or the Trustee, means any vice president, whether or not
designated by a number or a word or words added before or after the title “vice president”. 
  
 “Wholly Owned Subsidiary” means a corporation all the outstanding voting stock (other than any directors’ qualifying shares) of which is
owned, directly or indirectly, by the Company or by one or more other Wholly Owned Subsidiaries, or by the Company and one or more other Wholly Owned Subsidiaries. For the purposes of this definition, “voting stock” means stock which
ordinarily has voting power for the election of directors, whether at all times or only so long as no senior class of stock has such voting power by reason of any contingency. 
  
 “Yield to Maturity”, when used with respect to any Original Issue Discount Security, means the yield to maturity,
if any, set forth on the face thereof. 
  

 8 

	SECTION 102.	 	INCORPORATION BY REFERENCE OF TRUST INDENTURE ACT. 

  
 Whenever this Indenture refers to a provision of the Trust Indenture Act, the provision is incorporated by reference in and made a part of this Indenture.
The following Trust Indenture Act terms used in this Indenture have the following meanings: 
  
 “Bankruptcy Act” means the Bankruptcy Act or Title 11 of the United States Code. 
  
 “indenture securities” means the Securities. 
  
 “indenture security holder” means a Holder. 
  
 “indenture to be qualified” means this Indenture. 
  
 “obligor” on the indenture securities means the Company or any other obligor on the Securities. 
  
 All terms used in this Indenture that are defined by the Trust Indenture Act,
defined by Trust Indenture Act reference to another statute or defined by Commission rule under the Trust Indenture Act and not otherwise defined herein have the meanings assigned to them therein. 
  

	SECTION 103.	 	COMPLIANCE CERTIFICATES AND OPINIONS. 

  
 Except as otherwise expressly provided by this Indenture, upon any application or request by the Company or any Subsidiary Guarantor to the Trustee to
take any action under any provision of this Indenture, the Company or the Subsidiary Guarantor, as appropriate, shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any (including any covenants the
compliance with which constitutes a condition precedent), provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if
any (including any covenants the compliance with which constitutes a condition precedent) have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by
any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. 
  
 Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include 
  
 (1) a statement that each Person signing such certificate or
opinion has read such covenant or condition and the definitions herein relating thereto; 
  
 (2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in
such certificate or opinion are based; 
  
 (3) a
statement that, in the opinion of each such Person, such Person has made such examination or investigation as is necessary to enable such Person to express an informed opinion as to whether or not such covenant or condition has been complied with;
and 
  
 (4) a statement as to whether, in the
opinion of each such Person, such condition or covenant has been complied with. 
  

 9 

	SECTION 104.	 	FORM OF DOCUMENTS DELIVERED TO TRUSTEE. 

  
 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. 
  
 Any certificate or opinion of an officer of the Company or a Subsidiary Guarantor 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 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 or a Subsidiary Guarantor stating
that the information with respect to such factual matters is in the possession of the Company or such Subsidiary Guarantor, 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 105.	 	ACTS OF HOLDERS; RECORD DATES. 

  
 (1) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken
by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing. Except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments or record thereof or both are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments and any such record (and the action embodied therein and
evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent, or the holding of any Person of a
Security, shall be sufficient for any purpose of this Indenture and (subject to Section 601) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. 
  
 (2) The fact and date of the execution by any Person of any
such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such
instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The
fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 
  
 (3) The principal amount and serial numbers of Securities
held by any Person, and the date of holding the same, shall be proved by the Security Register. 
  

 10 

 (4) Any request, demand, authorization, direction, notice, consent, waiver or other Act
of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or
suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security. Any Holder or subsequent Holder may revoke the request, demand, authorization, direction, notice, consent or
other Act as to his Security or portion of his Security; PROVIDED HOWEVER that such revocation shall be effective only if the Trustee receives the notice of revocation before the date the Act becomes effective. 
  
 The Company may set in advance a record date for purposes of determining the
identity of Holders of Securities entitled to vote or consent to any action by vote or consent authorized or permitted under this Indenture. If a record date is fixed, those Persons who were Holders of Outstanding Securities at the close of business
on such record date (or their duly designated proxies), and only those Persons, shall be entitled with respect to such Securities to take such action by vote or consent or to revoke any vote or consent previously given, whether or not such Persons
continue to be Holders after such record date. Promptly after any record date is set pursuant to this paragraph, the Company, at its own expense, shall cause notice thereof to be given to the Trustee in writing in the manner provided in Section 106
and to the relevant Holders as set forth in Section 107. 
  

	SECTION 106.	 	NOTICES, ETC., TO TRUSTEE, COMPANY AND SUBSIDIARY GUARANTORS. 

  
 Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this Indenture to be
made upon, given or furnished to, or filed with, 
  
 (1) the Trustee by any Holder or by the Company or by any Subsidiary Guarantor shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing to or with the Trustee at its Corporate Trust Office, Attention:
Corporate Trust Administration, or 
  
 (2) the
Company or any Subsidiary Guarantor by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the Company addressed to it at
the address of its principal office specified in the first paragraph of this Indenture or at any other address previously furnished in writing to the Trustee by the Company and, in the case of a Subsidiary Guarantor, at the address previously
provided by the Subsidiary Guarantor, to the Trustee, Attention: Corporate Secretary. 
  

	SECTION 107.	 	NOTICE TO HOLDERS; WAIVER. 

  
 Where this Indenture provides for notice to Holders of Securities of any event, such notice shall be sufficiently given (unless otherwise herein expressly
provided) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at the address of such Holder as it appears in the Security Register, not later than the latest date, and not earlier than the earliest date,
prescribed for the giving of such notice. 
  
 In case by reason of
the suspension of regular mail service, or by reason of any other cause it shall be impracticable to give such notice to Holders of Securities by mail, then such notification as shall be made with the approval of the Trustee shall constitute a
sufficient notification for every purpose 

  

 11 

 
hereunder. In any case in which notice to Holders of Securities is given by mail, neither the failure to mail such notice, nor any defect in any notice so
mailed, to any particular Holder of a Security, shall affect the sufficiency of such notice with respect to other Holders of Securities. 
  
 Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before
or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such
waiver. 
  

	SECTION 108.	 	CONFLICT WITH TRUST INDENTURE ACT. 

  
 If any provision hereof limits, qualifies or conflicts with any provision of the Trust Indenture Act or another provision hereof which is required to be
included in this Indenture by any of the provisions of the Trust Indenture Act, such provision of the Trust Indenture Act shall control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act which may be so
modified or excluded, the former provision shall be deemed to apply to this Indenture as so modified or to be excluded. 
  

	SECTION 109.	 	EFFECT OF HEADINGS AND TABLE OF CONTENTS. 

  
 The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 
  

	SECTION 110.	 	SUCCESSORS AND ASSIGNS. 

  
 All covenants and agreements in this Indenture by the Company or any Subsidiary Guarantor shall bind its successors and assigns, whether so expressed or
not. 
  

	SECTION 111.	 	SEPARABILITY CLAUSE. 

  
 In case any provision in this Indenture or in the Securities or the Subsidiary Guarantees 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 112.	 	BENEFITS OF INDENTURE. 

  
 Nothing in this Indenture or in the Securities or the Subsidiary Guarantees, express or implied, shall give to any Person, other than the parties hereto
and their successors hereunder, any Authenticating Agent, Paying Agent and Security Registrar, and the Holders and holders of any Senior Indebtedness of the Company or a Subsidiary Guarantor, any benefit or any legal or equitable right, remedy or
claim under this Indenture. 
  

	SECTION 113.	 	GOVERNING LAW. 

  
 This Indenture, any Subsidiary Guarantees and the Securities shall be governed by and construed in accordance with the laws of the State of New York, but
without giving effect to applicable principles of conflicts of law to the extent the application of the laws of another jurisdiction would be required thereby. 
  

 12 

	SECTION 114.	 	LEGAL HOLIDAYS. 

  
 In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Security shall not be a Business Day at any Place of Payment, then
(notwithstanding any other provision of this Indenture or of the Securities) payment of principal and interest (and premium and Additional Amounts, if any) need not be made at such Place of Payment on such date, but may be made on the next
succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity, PROVIDED that no interest shall accrue with respect to such payment for the period
from and after such Interest Payment Date, Redemption Date or Stated Maturity, as the case may be. 
  

	SECTION 115.	 	CORPORATE OBLIGATION. 

  
 No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of
the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company’s obligations on the Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or
other writing delivered in connection herewith. 
  

	SECTION 116.	 	COUNTERPART 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 117.	 	NO PERSONAL LIABILITY OF DIRECTORS, OFFICERS, EMPLOYEES AND STOCKHOLDERS 

  
 No past, present or future director, officer, employee, incorporator or stockholder of the Company or any Subsidiary Guarantor, as such, shall have any
liability for any obligations of the Company or the Subsidiary Guarantors under the Securities of any series, any guarantee of securities or for any claims based on, in respect of, or by reason of, such obligations or their creation. 
  
 ARTICLE TWO 
  
 SECURITY FORMS 
  

	SECTION 201.	 	FORMS GENERALLY. 

  
 The Securities of each series and, if applicable, the Subsidiary Guarantees to be endorsed thereon, shall be in fully registered form and in substantially
such form or forms (including temporary or permanent global form) as shall be established by or pursuant to a Board Resolution 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 or Subsidiary Guarantees, as evidenced by their execution of the Securities. If temporary Securities of any series are issued in global form as
permitted by Section 304, the form thereof shall be established as provided in the preceding sentence. A copy of the Board Resolution establishing the form or forms of Securities of any series (or any such temporary global Security), including a
copy of the approved form of Securities, 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 Company Order 

  

 13 

 
contemplated by Section 303 for the authentication and delivery of such Securities (or any such temporary global Security). 
  
 The definitive Securities shall be printed, lithographed or engraved on steel
engraved borders or may be produced in any other manner, all as determined by the officers executing such Securities, as evidenced by their execution thereof. 
  

	SECTION 202.	 	FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION. 

  
 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 SIGNATORY”.

  
 ARTICLE THREE

  
 THE SECURITIES 
  

	SECTION 301.	 	AMOUNT UNLIMITED; ISSUABLE IN SERIES. 

  
 The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 
  
 The Securities may be issued in one or more series. There shall be
established in or pursuant to a Board Resolution, and set forth in an Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series, 
  
 (1) the title of the Securities of the series (which shall
distinguish the Securities of the series from all other Securities); 
  
 (2) if the Securities of the series will not have the benefit of the Subsidiary Guarantees of the Subsidiary Guarantors, the terms of the Subsidiary Guarantees, including the circumstances in which such Subsidiary
Guarantees may be released; 
  
 (3) any limit
upon the aggregate principal amount of the Securities of the series which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of,
other Securities of the series pursuant to Section 304, 305, 306, 906 or 1107 and except for any Securities which, pursuant to Section 303, are deemed never to have been authenticated and delivered hereunder); 
  
 (4) if applicable, 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, and, if so, whether beneficial owners of interests in any such global Security may 

  

 14 

 
exchange such interests for Securities of such series and of like tenor of any authorized form and denomination and the circumstances under which any such
exchanges may occur, if other than in the manner provided in Section 203, the Depositary for any global Security or Securities of such series, the form of legend or legends that shall be borne by any such global security and any transfer of such
global security in whole or in part; 
  
 (5) the
Person to whom any interest in a Security of a series shall be payable, if other than 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 payment.

  
 (6) 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 304; 
  
 (7) 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, 
  
 (8) the rate or rates
(which may be fixed or variable), or the method of determination thereof, at which the Securities of the series shall bear interest, if any, whether and under what circumstances Additional Amounts with respect to such Securities shall be payable,
the date or dates from which such interest shall accrue, the Interest Payment Dates on which such interest shall be payable and, if other than as set forth in Section 101, the Regular Record Date for the interest payable on any Securities on any
Interest Payment Date; 
  
 (9) the place or
places where, subject to the provisions of Section 1002, the principal of (and premium, if any), any interest on and any Additional Amounts with respect to the Securities of the series shall be payable; 
  
 (10) the period or periods within which, the price or prices
(whether denominated in cash, securities or otherwise) at which and the terms and conditions upon 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 must exercise any such option, if different from those set forth herein; 
  
 (11) the obligation, if any, of the Company to redeem or purchase 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 upon which Securities of the series shall be
redeemed or purchased in whole or in part pursuant to such obligation; 
  
 (12) the denomination in which any Securities of that series shall be issuable, if other than denominations of $1,000 and any integral multiple thereof; 
  
 (13) the currency or currencies (including composite currencies) if other than Dollars, 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 (and premium, if any), any interest on and any
Additional Amounts with respect to the Securities of the series shall be payable; 
  
 (14) if the principal of (and premium, if any) or interest on or any Additional Amounts with respect to the Securities of the series are
to be payable, at the election of the 

  

 15 

 
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 (and premium, if any) and interest on, and any Additional Amounts with respect to, Securities of such series as to which such election is made shall be
payable, and the periods within which and the terms and conditions upon which such election is to be made; 
  
 (15) if the amount of payments of principal of (and premium, if any), any interest on and any Additional Amounts with respect to 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 such amounts shall be determined; 
  
 (16) if other than the entire principal amount thereof, the
portion of the principal amount of Securities of the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502; 
  
 (17) any additional means of satisfaction and discharge of this Indenture with respect to Securities of the
series pursuant to Section 401, any additional conditions to discharge pursuant to Section 401 or 403 and the application, if any, of Section 403; 
  
 (18) any deletions or modifications of or additions to the definitions set forth in Section 101, the Events of Default set forth in
Section 501 or covenants of the Company set forth in Article Ten pertaining to the Securities of the series; 
  
 (19) if the Securities of the series are to be convertible into or exchangeable for Common Stock (or cash in lieu thereof), equity
securities, other debt securities (including Securities), warrants or any other securities or property of the Company or any other Person, at the option of the Company or the Holder or upon the occurrence of any condition or event, the terms and
conditions for such conversion or exchange; and 
  
 (20) any other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture). 
  
 All Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in or pursuant to the
Board Resolution referred to above and (subject to Section 303) set forth, or determined in the manner provided, in the Officers’ Certificate referred to above or in any such indenture supplemental hereto. 
  
 At the option of the Company, interest on the Securities of any series that
bears interest may be paid by mailing a check to the address of any Holder as such address shall appear in the Security Register. 
  
 If any of the terms of the series are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action together
with such Board Resolution 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. 
  

 16 

	SECTION 302.	 	DENOMINATIONS. 

  
 The Securities of each series shall be issuable in such denominations as shall be specified as contemplated by Section 301. In the absence of any such
provisions with respect to the Securities of any series, the Securities of such series denominated in Dollars shall be issuable in denominations of $1,000 and any integral multiple thereof. Unless otherwise provided as contemplated by Section 301
with respect to any series of Securities, any Securities of a series denominated in a currency other than Dollars shall be issuable in denominations that are the equivalent, as determined by the Company by reference to the noon buying rate in The
City of New York for cable transfers for such currency, as such rate is reported or otherwise made available by the Federal Reserve Bank of New York, on the applicable issue date for such Securities, of $1,000 and any integral multiple thereof.

  

	SECTION 303.	 	EXECUTION, AUTHENTICATION, DELIVERY AND DATING. 

  
 The Securities shall be executed on behalf of the Company by its Chairman of the Board, its President, its Treasurer or one of its Vice Presidents, under
its corporate seal reproduced thereon or affixed thereto attested by its Secretary or one of its Assistant Secretaries. The signature of any of these officers on the Securities may be manual or facsimile. 
  
 Securities bearing the manual or facsimile signatures of individuals who were
at any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at
the date of such Securities. 
  
 At any time and from time to time
after the execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the Company and, if applicable, having endorsed thereon the Subsidiary Guarantees to the Trustee for authentication, together with a
Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order shall authenticate and deliver such Securities as in this Indenture provided and not otherwise. 
  
 If the form or terms of the Securities of the series have been established in
or pursuant to one or more Board Resolutions or any other method permitted by Sections 201 and 301, in authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee
shall be entitled to receive, and (subject to Section 601) shall be fully protected in relying upon, an Opinion of Counsel stating, 
  
 (a) if the form of such Securities has been established by or pursuant to Board Resolution as permitted by Section 201, that such form has
been established in conformity with the provisions of this Indenture; 
  
 (b) if the terms of such Securities have been established by or pursuant to Board Resolution as permitted by Section 301, that such terms have been established in conformity with the provisions of this Indenture; and

  
 (c) that such Securities, when authenticated
and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute legal, valid and binding obligations of the Company, enforceable in accordance with their terms,
except as such enforcement is subject to the effect of (i) bankruptcy, insolvency, fraudulent conveyance, reorganization or other laws relating to or 

  

 17 

 
affecting creditors’ rights and (ii) general principles of equity (regardless of whether such enforcement is considered in a proceeding in equity or at
law). 
  
 If such form or terms have been so established, the Trustee shall not be
required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not
reasonably acceptable to the Trustee. 
  
 Notwithstanding the
provisions of Section 301 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 Officer’s Certificate otherwise required pursuant to Section 301 or
the Company Order and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior to the 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. 
  
 Each Security shall be dated the date of its authentication. 
  
 No Security or Subsidiary Guarantee 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 executed by the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder. Notwithstanding the
foregoing, if any Security shall have been 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 309 together with a written
statement (which need not comply with Section 103 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 304.	 	TEMPORARY SECURITIES. 

  
 Pending the preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate and
deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities and, if applicable, having endorsed thereon the
Subsidiary Guarantees in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as the officers of the Company executing such Securities and, if applicable, Subsidiary
Guarantees may determine, as evidenced by their execution of such Securities and Subsidiary Guarantees. 
  
 If temporary Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without unreasonable delay.
After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at the office or agency
of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series, the Company shall execute and the Trustee shall authenticate and deliver in
exchange therefor a like principal amount of definitive Securities of the same series of authorized denominations. Until so exchanged, the temporary Securities and, if applicable, having endorsed thereon the Subsidiary Guarantees executed by the
Subsidiary Guarantor of any series 

  

 18 

 
shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series. 
  

	SECTION 305.	 	REGISTRATION, REGISTRATION OF TRANSFER AND EXCHANGE. 

  
 The Company shall cause to be kept for each series of Securities at one of the offices or agencies maintained pursuant to Section 1002 a register (the
register maintained in such office and in any other office or agency of the Company in a Place of Payment being herein sometimes collectively referred to as the “Security Register”) in which, subject to such reasonable regulations as it
may prescribe, the Company shall provide for the registration of Securities and of transfers of Securities of such series. The Trustee is hereby initially appointed “Security Registrar” for the purpose of registering Securities and
transfers of Securities as herein provided. 
  
 Except as set
forth in Section 203 or as may be provided pursuant to Section 301, upon surrender for registration of transfer of any Security of any series at the office or agency in a Place of Payment for that series, the Company shall execute, if applicable,
the Subsidiary Guarantors shall execute the Subsidiary Guarantees endorsed thereon 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 and of like
tenor, of any authorized denominations and of a like aggregate principal amount. 
  
 At the option of the Holder, Securities of any series (except a Security in global form) may be exchanged for other Securities of the same series and of like tenor, of any authorized denominations and of a like
aggregate principal amount, 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, if applicable, the Subsidiary Guarantors shall execute the
Subsidiary Guarantees endorsed thereon and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. 
  
 All Securities, and, if applicable, the Subsidiary Guarantees endorsed thereon issued upon any registration of transfer or
exchange of Securities shall be the valid obligations of the Company, and, if applicable, the respective Subsidiary Guarantors evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities and Subsidiary
Guarantees surrendered upon such registration of transfer or exchange. 
  
 Every Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the
Company and the Security Registrar duly executed, by the Holder thereof or his attorney duly authorized in writing. 
  
 No service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchange pursuant to Section 304, 906 or 1107 not involving any transfer. 
  
 The Company shall not be required (i) to issue, register the transfer of or
exchange Securities of any series during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of Securities of such series selected for redemption 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 so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 
  

 19 

 The following provisions of this Section 305 shall apply only to Securities of a series issued in global
form: 
  
 If Securities of a series are issuable in global form,
as contemplated by Section 301, then, notwithstanding clause (10) of Section 301 and the provisions of Section 302, any such 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 amount of Outstanding Securities from time to time endorsed thereon and that the aggregate amount of Outstanding Securities represented thereby may from time to time be reduced to reflect exchanges. Any
endorsement of a Security in global form to reflect the amount, or 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 such Person or
Persons as shall be specified in such Security or in a Company Order to be delivered to the Trustee pursuant to Section 303 or Section 304. Subject to the provisions of Section 303 and, if applicable, Section 304, the Trustee shall deliver and
redeliver any Security in permanent global form in the manner and upon instructions given by the Person or Persons specified in such Security or in the applicable Company Order. With respect to the Securities of any series that are represented by a
Security in global form, the Company authorizes the execution and delivery by the Trustee of a letter of representation or other similar agreement or instrument in the form customarily provided for by the Depositary appointed with respect to such
global Security. Any Security in global form may be deposited with the Depositary or its nominee, or may remain in the custody of the Security Custodian therefor pursuant to a FAST Balance Certificate Agreement or similar agreement between the
Trustee and the Depositary. If a Company Order pursuant to Section 303 or 304 has been, or simultaneously is, delivered, any instructions by the Company with respect to endorsement or delivery or redelivery of a Security in global form shall be in
writing but need not comply with Section 103 and need not be accompanied by an Opinion of Counsel. 
  
 Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under this Indenture with respect to any Security issued
in global form held on their behalf by the Depositary, or the Security Custodian as its custodian, or under such global Security, and the Depositary may be treated by the Company, the Security Custodian and any agent of the Company or the Trustee as
the absolute owner of such global Security for all purposes whatsoever. Notwithstanding the foregoing, (i) the registered holder of a Security of any series issued in global form may grant proxies and otherwise authorize any Person, including Agent
Members and Persons that may hold interests through Agent Members, to take any action that a Holder of such series is entitled to take under this Indenture or the Securities of such series and (ii) nothing herein shall prevent the Company, the
Security Custodian or any agent of the Company or the Security Custodian, from giving effect to any written certification, proxy or other authorization furnished by the Depositary or shall impair, as between the Depositary and its Agent Members, the
operation of customary practices governing the exercise of the rights of a beneficial owner of any Security. 
  
 Notwithstanding any other provision of this Section 305, except as otherwise specified as contemplated by Section 301, any permanent global Security shall
be exchangeable only as provided in this paragraph. If the beneficial owners of interests in a permanent global Security are entitled to exchange such interest for Securities of such series and of like tenor and principal amount of another
authorized form and denomination, as specified as contemplated by Section 301, 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
definitive Securities of that series in an aggregate principal amount equal to the principal amount of such permanent global Security, executed by the Company. On or after the earliest date on which such interests may be so exchanged, such permanent
global Security shall be surrendered from time to time in accordance with instructions given to the 

  

 20 

 
Trustee and the Depositary (which instructions shall be in writing but need not comply with Section 103 or be accompanied by an Opinion of Counsel) by the
Depositary or such other depositary as shall be specified in the Company Order with respect thereto to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or in part, for definitive Securities of the same series
without charge and the Trustee shall authenticate and deliver, in exchange for each portion of such permanent global Security, a like aggregate principal amount of other definitive Securities of the same series of authorized denominations and of
like tenor as the portion of such permanent global Security to be exchanged; PROVIDED HOWEVER that no such exchanges may occur during a period beginning at the opening of business 15 days before any selection of Securities of that series is to be
redeemed and ending on the relevant Redemption Date. Promptly following any such exchange in part, such permanent global Security marked to evidence the partial exchange shall be returned by the Trustee to the Depositary or such other depositary
referred to above in accordance with the instructions of the Company referred to above. If a definitive Security is issued in exchange for any portion of a permanent 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, 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 for payment, as the case may be, only to the Person to whom interest in respect of such portion of such permanent global Security is payable in accordance with the provisions of this Indenture.

  
 Notwithstanding any other provision of this Section 305,
except as otherwise specified as contemplated by Section 301, transfers of a Security issued in global form shall be limited to transfers of such global Security in whole, but not in part, to the Depositary, its successors or their respective
nominees. Interests of beneficial owners in a Security issued in global form may be transferred in accordance with the rules and procedures of the Depositary. Securities of any series shall be transferred to all beneficial owners of a global
Security of such series in exchange for their beneficial interests in that global Security if, and only if, either (1) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for the global Security of such
series and a successor Depositary is not appointed by the Company within 90 days of such notice, (2) an Event of Default has occurred with respect to such series and is continuing and the Security Registrar has received a request from the Depositary
or the holders of not less than 25% of the Securities of such series to issue Securities of such series in lieu of all or a portion of that global Security (in which case the Company shall deliver Securities of such series within 30 days of such
request) or (3) the Company determines not to have the Securities of such series represented by a global Security. 
  
 In connection with any transfer of a portion of the beneficial interest in a global Security of any series to beneficial owners pursuant to this Section
305, the Security Registrar shall reflect on its books and records the date and a decrease in the principal amount of the global Security of that series in an amount equal to the principal amount of the beneficial interest in the global Security of
that series to be transferred, and the Company shall execute, and the Trustee upon receipt of a Company Order for the authentication and delivery of Securities of that series shall authenticate and deliver, one or more Securities of the same series
of like tenor and amount. 
  
 In connection with the transfer of
all the beneficial interests in a global Security of any series to beneficial owners pursuant to this Section 305, the global Security shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and the Trustee
shall authenticate and deliver, to each beneficial owner identified by the Depositary in exchange for its beneficial interest in the 

  

 21 

 
global Security, an equal aggregate principal amount of Securities of that series of authorized denominations. 
  
 Neither the Company nor the Trustee will have any responsibility or liability
for any aspect of the records relating to, or payments made on account of, Securities of any series by the Depositary, or for maintaining, supervising or reviewing any records of the Depositary relating to such Securities. Neither the Company nor
the Trustee shall be liable for any delay by the related global Security Holder or the Depositary in identifying the beneficial owners, and each such Person may conclusively rely on, and shall be protected in relying on, instructions from such
global Security Holder or the Depositary for all purposes (including with respect to the registration and delivery, and the respective principal amounts, of the Securities to be issued). 
  
 The provisions of the last sentence of Section 303 shall apply to any Security in global form 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 103 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 303. 
  
 Notwithstanding the provisions of Sections 201 and 307, unless otherwise specified as contemplated by Section 301, payment of principal of (and premium,
if any) and interest on and any Additional Amounts with respect to any Security in permanent global form shall be made to the Person or Persons specified therein. 
  
 Global securities may be issued in either temporary or permanent form. Permanent global Securities will be issued in
definitive form. 
  

	SECTION 306.	 	MUTILATED, DESTROYED, LOST AND STOLEN SECURITIES. 

  
 If any mutilated Security is surrendered to the Trustee, together with, in appropriate cases, such security or indemnity as may be required by the Trustee
to save each of the Company, the Trustee and any agent of either of them harmless, the Company shall execute, if applicable, the Subsidiary Guarantors shall execute the Subsidiary Guarantors endorsed thereon and the Trustee shall authenticate and
deliver in exchange therefor a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 
  
 If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security and (ii)
such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a protected purchaser, the
Company shall execute, if applicable, the Subsidiary Guarantors shall execute the Subsidiary Guarantees endorsed thereon and upon its request the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security, a new
Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 
  
 In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion may,
instead of issuing a new Security, pay such Security. 
  
 Upon the
issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in 

  

 22 

 
relation thereto and any other expenses (including the fee and expenses of the Trustee) connected therewith. 
  
 Every new Security of any series issued pursuant to this Section in lieu of
any destroyed, lost or stolen Security, and, if applicable, the Subsidiary Guarantees endorsed thereon shall constitute an original additional contractual obligation of the Company, and, if applicable, the respective Subsidiary Guarantors, whether
or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of that series duly issued hereunder.

  
 The provisions of this Section are exclusive and shall
preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 
  

	SECTION 307.	 	PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED. 

  
 Except as otherwise provided 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. Unless otherwise provided with
respect to the Securities of any series, payment of interest shall be made by the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register, at the expense of the
Company. 
  
 Any interest on any Security of any series which is
payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such
Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below: 
  
 (1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Securities of such series (or their
respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the
amount of Defaulted Interest proposed to be paid on each Security of such series and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be
paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to
such Defaulted Interest as in this Clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed
payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause
notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder of Securities of such series at his address as it appears in the Security Register, not less
than 10 days prior to such Special Record Date. The Trustee may, in its discretion, in the name and at the expense of the Company, cause a similar notice to be published at least once in an Authorized Newspaper, but such publication shall not be a
condition precedent to the 

  

 23 

 
establishment of such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so
mailed, such Defaulted Interest shall be paid to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable
pursuant to the following clause (2). 
  
 (2) The
Company may make payment of any Defaulted Interest on the Securities of any series in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be
required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this Clause, such manner of payment shall be deemed practicable by the Trustee. 
  
 Subject to the foregoing provisions of this Section, each Security delivered
under this Indenture, upon registration of transfer of, 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 308.	 	PERSONS DEEMED OWNERS. 

  
 Prior to due presentment of a Security for registration of transfer, the Company, the Subsidiary Guarantors, the Trustee and any agent of the Company, the
Subsidiary Guarantors 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 premium, if any) and (subject to Sections 305 and 307)
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, and Subsidiary Guarantor or the Trustee shall be affected by notice to the
contrary. 
  

	SECTION 309.	 	CANCELLATION. 

  
 All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if
surrendered to any Person other than the Trustee, be delivered to the Trustee. All Securities so delivered shall be promptly cancelled by the Trustee. The Company may at any time deliver to the Trustee for cancellation any Securities previously
authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any
Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be disposed of as directed by a Company Order. 
  

	SECTION 310.	 	COMPUTATION OF INTEREST. 

  
 Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on
the basis of a year of twelve 30- day months. 
  

	SECTION 311.	 	CUSIP NUMBERS. 

  
 The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP”
numbers in notices of redemption as a convenience to Holders; PROVIDED that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of a
redemption and that reliance 

  

 24 

 
may be placed only on the other identification numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission
of such numbers. 
  

	SECTION 312.	 	PERIODIC OFFERING OF SECURITIES 

  
 Notwithstanding any contrary provision herein, if all Securities of a series are not to be originally issued at one time, it shall not be necessary for
the Company to deliver to the Trustee an Officers’ Certificate, Board Resolution, supplemental indenture, Opinion of Counsel or Company Order otherwise required pursuant to Sections 201, 301 and 303 at or prior to the time of authentication of
each Security of such series if such documents are delivered to the Trustee or its agent at or prior to the authentication upon original issuance of the first Security of such series to be issued; PROVIDED HOWEVER that any subsequent request by the
Company to the Trustee to authenticate Securities of such series upon original issuance shall constitute a representation and warranty by the Company and its counsel that as of the date of such request, the statements made in the Officers’
Certificate and opinions made in the Opinion of Counsel delivered pursuant to Section 103 and 303, respectively, were true and correct as if made on such date. 
  

An Officers’ Certificate, supplemental indenture or Board Resolution delivered by the Company to the Trustee in the circumstances set forth in the
immediately preceding paragraph may provide that Securities which are the subject thereof will be authenticated and delivered by the Trustee or its agent on original issue from time to time upon the written order of a person or persons designated in
such Officers’ Certificate, supplemental indenture or Board Resolution (any such telephonic instructions to be confirmed promptly in writing by such person or persons) and that such person or persons are authorized to determine, consistent with
such Officers’ Certificate, supplemental indenture or Board Resolution, such terms and conditions of the Securities as are specified in such Officers’ Certificate, supplemental indenture or Board Resolution. 
  
 ARTICLE FOUR 
  
 SATISFACTION AND DISCHARGE 
  

	SECTION 401.	 	SATISFACTION AND DISCHARGE OF INDENTURE. 

  
 This Indenture shall upon Company Request cease to be of further effect with respect to Securities of a series, and the Trustee, at the expense of the
Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to Securities of such series, when 
  
 (1) either 
  
 (A) all Securities of such series theretofore authenticated and delivered (other than (i) Securities which have been destroyed, lost or
stolen and which have been replaced or paid as provided in Section 306, and (ii) Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or
discharged from such trust, as provided in Section 1003) have been delivered to the Trustee for cancellation; or 
  
 (B) with respect to all Outstanding Securities of such series not theretofore delivered to the Trustee for cancellation, the Company has
deposited or caused to be deposited with the Trustee as trust funds, under the terms of an irrevocable escrow agreement in form and substance satisfactory to the Trustee, money or U.S. Government 

  

 25 

 
Obligations maturing as to principal and interest in such amounts and at such times as will (together with the income to accrue thereon and without
consideration of any reinvestment thereof) be sufficient to pay and discharge (with such delivery in trust to be for the stated purpose of paying and discharging) the entire indebtedness on all Outstanding Securities of such series not theretofore
delivered to the Trustee for cancellation for principal (and premium and Additional Amounts, if any) and interest to the Stated Maturity or any Redemption Date contemplated by the penultimate paragraph of this Section, as the case may be; or

  
 (C) the Company has properly fulfilled such
other means of satisfaction and discharge as is specified, as contemplated by Section 301, to be applicable to the Securities of such series; 
  
 (2) the Company or Subsidiary Guarantor has paid or caused to be paid all other sums payable hereunder by the Company with respect to the
Outstanding Securities of such series; 
  
 (3)
the Company or Subsidiary Guarantor has complied with any other conditions specified pursuant to Section 301 to be applicable to the discharge of Securities of such series pursuant to this Section 401; 
  
 (4) the Company has delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture with respect to the Outstanding Securities of such series have been
complied with; and 
  
 (5) if the conditions set
forth in Section 401(1)(A) have not been satisfied, and unless otherwise specified pursuant to Section 301 for the Securities of such series, the Company has delivered to the Trustee an Opinion of Counsel to the effect that the Holders of Securities
of such series will not recognize income, gain or loss for United States federal income tax purposes as a result of such deposit, satisfaction and discharge and will be subject to United States federal income tax on the same amount and in the same
manner and at the same time as would have been the case if such deposit, satisfaction and discharge had not occurred. 
  
 For the purposes of this Indenture, “U.S. Government Obligations” means direct non-callable obligations of, or non-callable obligations the
payment of principal of and interest on which is guaranteed by, the United States of America, or to the payment of which obligations or guarantees the full faith and credit of the United States of America is pledged, or beneficial interests in a
trust the corpus of which consists exclusively of money or such obligations or a combination thereof. 
  
 If any Outstanding Securities of such series are to be redeemed prior to their Stated Maturity, whether pursuant to any optional redemption provisions or
in accordance with any mandatory sinking fund requirement, the trust agreement referred to in subclause (B) of clause (1) of this Section shall provide therefor and the Company shall make such arrangements as are satisfactory to the Trustee for the
giving of notice of redemption by the Trustee in the name, and at the expense, of the Company. 
  
 Notwithstanding the satisfaction and discharge of this Indenture with respect to the Outstanding Securities of such series pursuant to this Section 401, the obligations of the Company to the Trustee under Section 607,
the obligations of the Trustee to any Authenticating Agent under Section 614 and, 

  

 26 

 
except for a discharge pursuant to subclause (A) of clause (1) of this Section, the obligations of the Trustee under Section 402 and the last paragraph of
Section 1003 shall survive. 
  

	SECTION 402.	 	APPLICATION OF TRUST MONEY. 

  
 Subject to the provisions of the last paragraph of Section 1003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and
applied by it, in accordance with the provisions of the Securities, and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons
entitled thereto, of the principal (and premium, if any) and interest and Additional Amounts for the payment of which such money has been deposited with the Trustee. 
  

	SECTION 403.	 	DISCHARGE OF LIABILITY ON SECURITIES OF ANY SERIES. 

  
 If this Section is specified, as contemplated by Section 301, to be applicable to Securities of any series, the Company shall be deemed to have paid and
discharged the entire indebtedness on all the Outstanding Securities of such series, the obligation of the Company under this Indenture and the Securities of such series to pay the principal of (and premium, if any) and interest on and any
Additional Amounts with respect to Securities of such series, shall cease, terminate and be completely discharged and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging such satisfaction and discharge, when

  
 (1) the Company has complied with the
provisions of Section 401 (other than any additional conditions specified pursuant to Sections 301 and 401(3) and except that the Opinion of Counsel referred to in Section 401(5) shall state that it is based on a ruling by the Internal Revenue
Service or other change since the date hereof under applicable Federal income tax law) with respect to all Outstanding Securities of such series, 
  
 (2) the Company has delivered to the Trustee a Company Request requesting such satisfaction and discharge, 
  
 (3) the Company has complied with any other conditions
specified pursuant to Section 301 to be applicable to the discharge of Securities of such series pursuant to this Section 403, and 
  
 (4) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the discharge of the indebtedness on the Outstanding Securities of such series have been complied with. 
  
 Upon the satisfaction of the conditions set forth in this Section with respect to all the Outstanding Securities of any series, the terms and conditions
of such series, including the terms and conditions with respect thereto set forth in this Indenture, shall no longer be binding upon, or applicable to, the Company; PROVIDED HOWEVER that, the Company shall not be discharged from any payment
obligations in respect of Securities of such series which are deemed not to be Outstanding under clause (iii) of the definition thereof if such obligations continue to be valid obligations of the Company under applicable law or pursuant to Section
305 or 306; and PROVIDED FURTHER that the obligations of the Company to the Trustee under Section 607, the obligations to any Authenticating Agent under Section 614 and the obligations of the Company under Sections 305, 306, 404, 610(e), 701, 1001
and 1002 and the obligations of the Trustee under Section 402 and the last paragraph of Section 1003 shall survive. 
  

 27 

	SECTION 404.	 	REINSTATEMENT. 

  
 If the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations deposited with respect to Securities of any series in
accordance with Section 401 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 with respect to the Securities of such series and the Securities of such series shall be revived and reinstated as though no deposit had occurred pursuant to Section 401 until such time as the Trustee or Paying Agent is permitted to apply
all such money or U.S. Government Obligations in accordance with Section 401; PROVIDED HOWEVER that if the Company has made any payment of principal of (or premium, if any), or interest on or any Additional Amounts with respect to any Securities
because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying Agent. 

 
 ARTICLE FIVE 
  
 REMEDIES 
  

	SECTION 501.	 	EVENTS OF DEFAULT. 

  
 “Event of Default”, wherever used herein with respect to Securities of any series, means any one of the following events (whatever the reason
for such Event of Default and whether it shall be occasioned by the provisions of Article Thirteen or be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or
regulation of any administrative or governmental body), unless it is either inapplicable to a particular series or it is specifically deleted or modified in or pursuant to the supplemental indenture or Board Resolution establishing such series of
Securities or in the form of Security for such series: 
  
 (1) default in the payment of any interest on or any Additional Amounts with respect to any Security of that series when such interest or Additional Amounts become due and payable, and continuance of such default for a period of 30
consecutive days; or 
  
 (2) default in the
payment of the principal of (or premium, if any, on) any Security of that series when due and payable, whether at its Maturity or otherwise; or 
  
 (3) default in the deposit of any mandatory sinking fund payment, when and as due by the terms of a Security of that series and
continuance of such default for a period of 30 days; or 
  
 (4) default in the performance or breach of any covenant or warranty of the Company in this Indenture (other than a covenant or warranty a default in whose performance or whose breach is elsewhere in this Section
specifically dealt with or which has expressly been included in this Indenture solely for the benefit of one or more series of Securities other than that series), and continuance of such default or breach for a period of 90 days after there has been
given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of all Outstanding Securities a written notice specifying such default or breach and requiring
it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 

  

 28 

 (5) the entry by a court having jurisdiction in the premises of (A) a decree or order for
relief in respect of the Company in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or (B) a decree or order adjudging the Company a bankrupt or insolvent, or
approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State law, or appointing a custodian, receiver, liquidator, assignee, trustee,
sequestrator or other similar official of the Company or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order for relief or any such other decree or order
unstayed and in effect for a period of 90 consecutive days; or 
  
 (6) the commencement by the Company of a voluntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be
adjudicated a bankrupt or insolvent, or the consent by it to the entry of a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or
other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by it, of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State law, or the
consent by it to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or of any substantial part of its property, or the
making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by the Company in furtherance of any such action; or

  
 (7) In the event the Subsidiary Guarantors
have issued Subsidiary Guarantees with respect to the Securities of such series, the Subsidiary Guarantee of any Subsidiary Guarantor is held by a final non-appealable order or judgment of a court of competent jurisdiction to be unenforceable or
invalid or ceases for any reason to be in full force and effect (other than in accordance with the terms of this Indenture) or any Subsidiary Guarantor or any Person acting on behalf of any Subsidiary Guarantor denies or disaffirms such Subsidiary
Guarantor’s obligations under its Subsidiary Guarantee (other than by reason of a release of such Subsidiary Guarantor from its Subsidiary Guarantee in accordance with the terms of this Indenture); or 
  
 (8) any other Event of Default provided with respect to
Securities of that series. Notwithstanding the foregoing provisions of this Section 501, if the principal of (and premium, if any) or any interest on, or Additional Amounts with respect to, any Security is payable in a currency or currencies
(including a composite currency) other than Dollars and such currency (or currencies) is (or are) not available to the Company for making payment thereof due to the imposition of exchange controls or other circumstances beyond the control of the
Company (a “Conversion Event”), the Company will be entitled to satisfy its obligations to Holders of the Securities by making such payment in Dollars in an amount equal to the Dollar equivalent of the amount payable in such other
currency, as determined by the Company by reference to the noon buying rate in The City of New York for cable transfers for such currency (“Exchange Rate”), as such Exchange Rate is certified for customs purposes by the Federal Reserve
Bank of New York on the date of such payment, or, if such rate is not then available, on the basis of the most recently available Exchange Rate. Notwithstanding the foregoing provisions of this Section 501, any payment made under such circumstances
in Dollars where the required payment is in a currency other than Dollars will not constitute an Event of Default under this Indenture. 
  

 29 

	SECTION 502.	 	ACCELERATION OF MATURITY; RESCISSION AND ANNULMENT. 

  
 If an Event of Default with respect to any Securities of any series at the time Outstanding occurs and is continuing, then in every such case the Trustee
or the Holders of not less than 25% in principal amount of the Outstanding Securities of (i) the series affected by such default (in the case of an Event of Default described in clause (1), (2), (3) or (7) of Section 501) or (ii) all series of
Securities (subject to the immediately following sentence, in the case of an Event of Default described in clause (4) of Section 501) may declare the principal amount (or, if any such Securities are Original Issue Discount Securities, such portion
of the principal amount as may be specified in the terms of that series) of all of the Securities of the series affected by such default or all series, as the case may be, to be due and payable immediately, by a notice in writing to the Company (and
to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) shall become immediately due and payable. If an Event of Default described in clause (5) or (6) of Section 501 shall occur, the principal
amount of the Outstanding Securities of all series (or, if any such Securities are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of that series) shall become and be immediately due and
payable without any declaration or other act on the part of the Trustee or any Holder. 
  
 At any time after such a declaration of acceleration with respect to Securities of any series (or of all series, as the case may be) has been made and before a judgment or decree for payment of the money due has been
obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the Outstanding Securities of that series (or of all series, as the case may be), by written notice to the Company and the Trustee, may
rescind and annul such declaration and its consequences if 
  
 (1) the Company, or, if applicable, any Subsidiary Guarantor has paid or deposited with the Trustee a sum sufficient to pay 
  
 (A) all overdue interest on, and any Additional Amounts with respect to, all Securities of that series (or of all series, as the case may
be), 
  
 (B) the principal of (and premium, if
any, on) any Securities of that series (or of all series, as the case may be) which have become due otherwise than by such declaration of acceleration and interest thereon at the rate or rates prescribed therefor in such Securities (in the case of
Original Issue Discount Securities, the Securities’ Yield to Maturity), 
  
 (C) to the extent that payment of such interest is lawful, interest upon overdue interest and any Additional Amounts at the rate or rates prescribed therefor in such Securities (in the case of Original Issue Discount
Securities, the Securities’ Yield to Maturity), and 
  
 (D) all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; 
  
 and 
  
 (2) all Events of Default with respect to Securities of that
series (or of all series, as the case may be), other than the non-payment of the principal of Securities of that series (or of all 

  

 30 

 
series, as the case may be) which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 512.

  
 No such rescission shall affect any subsequent default or impair any right
consequent thereon. 
  

	SECTION 503.	 	COLLECTION OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY TRUSTEE. 

  
 The Company covenants that if 
  
 (1) default is made in the payment of any installment of interest on, or any Additional Amounts with respect to, any Security of any
series when such interest or Additional Amounts shall have become due and payable and such default continues for a period of 30 days, or 
  
 (2) default is made in the payment of the principal of (or premium, if any, on) any Security at the Maturity thereof, 
  
 the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of
such Securities, the whole amount then due and payable on such Securities for principal (and premium, if any) and interest and Additional Amounts and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue
principal (and premium, if any) and on any overdue interest and Additional Amounts, at the rate or rates prescribed therefor in such Securities (or in the case of Original Issue Discount Securities, the Securities’ Yield to Maturity), and, in
addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 
  
 If the Company fails to pay such amounts forthwith upon such demand, the
Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company
or any other obligor upon such Securities and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 
  
 If an Event of Default with respect to Securities of any series occurs and is
continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and
enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 
  

	SECTION 504.	 	TRUSTEE MAY FILE PROOFS OF CLAIM. 

  
 In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial
proceeding relative to the Company, a Subsidiary Guarantor or any other obligor upon the Securities or the property of the Company, a Subsidiary Guarantor or of such other obligor or their creditors, the Trustee (irrespective of whether the
principal (or lesser amount in the case of Original Issue Discount Securities) of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on
the Company for the payment of overdue principal (and premium, if any), 

  

 31 

 
interest or any Additional Amounts) shall be entitled and empowered, by intervention in such proceeding or otherwise, 
  
 (i) to file and prove a claim for the whole amount of
principal (or lesser amount in the case of Original Issue Discount Securities) (and premium, if any) and interest and any Additional Amounts owing and unpaid in respect of the Securities and to file such other papers or documents as may be necessary
or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and

  
 (ii) 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 such charges and expenses are not paid out of the estate in any such proceeding; 
  
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar
official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any
amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607. 
  
 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 any Subsidiary Guarantee 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; PROVIDED HOWEVER that the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official. 
  

	SECTION 505.	 	TRUSTEE MAY ENFORCE CLAIMS WITHOUT POSSESSION OF SECURITIES OR COUPONS. 

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

	SECTION 506.	 	APPLICATION OF MONEY COLLECTED. 

  
 Subject to Article Thirteen, any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates
fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any), interest or any Additional Amounts, upon presentation of the Securities, and the notation thereon of the payment if only partially paid
and upon surrender thereof if fully paid: 
  
 FIRST: To the payment of all amounts due the Trustee under Section 607; 
  
 SECOND: To the payment of the amounts then due and unpaid for principal of (and premium, if any) and interest on and any Additional
Amounts with respect to the Securities in 

  

 32 

 
respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due
and payable on such Securities for principal (and premium, if any), interest and Additional Amounts, respectively; and 
  
 THIRD: The balance, if any, to the Person or Persons entitled thereto. 
  
 To the fullest extent allowed under applicable law, if for the purpose of obtaining judgment against the Company in any
court it is necessary to convert the sum due in respect of the principal of (or premium, if any) or interest on or any Additional Amounts with respect to the Securities of any series (the “Required Currency”) into a currency in which a
judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the
Judgment Currency on the New York Business Day next preceding that on which final judgment is given. Neither the Company nor the Trustee shall be liable for any shortfall nor shall it benefit from any windfall in payments to Holders of Securities
under this Section caused by a change in exchange rates between the time the amount of a judgment against it is calculated as above and the time the Trustee converts the Judgment Currency into the Required Currency to make payments under this
Section to Holders of Securities, but payment of such judgment shall discharge all amounts owed by the Company on the claim or claims underlying such judgment. 
  

	SECTION 507.	 	LIMITATION ON SUITS. 

  
 Subject to Section 508, no Holder of any Security of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to
this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 
  
 (1) an Event of Default with respect to Securities of such series shall have occurred and be continuing and such Holder has previously
given written notice to the Trustee of such continuing Event of Default; 
  
 (2) the Holders of not less than 25% in principal amount of the Outstanding Securities of that series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its
own name as Trustee hereunder; 
  
 (3) such
Holder or Holders have offered to the Trustee indemnity satisfactory to the Trustee against the costs, expenses and liabilities that might be incurred in compliance with such request; 
  
 (4) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to
institute any such proceeding; and 
  
 (5) no
direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities of that series; 
  
 it being understood and intended that no one or more of such Holders of Securities of such
series shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders of Securities of such series, or to obtain or to seek to
obtain priority or preference over any other of such Holders of Securities of such 

  

 33 

 
series or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all of such Holders of
Securities of such series. 
  

	SECTION 508.	 	UNCONDITIONAL RIGHT OF HOLDERS TO RECEIVE PRINCIPAL PREMIUM AND INTEREST. 

  
 Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive
payment of the principal of (and premium, if any) and (subject to Section 307) interest on and any Additional Amounts with respect to such Security on the Stated Maturity or Maturities expressed in such Security (or, in the case of redemption, on
the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired or affected without the consent of such Holder. 
  

	SECTION 509.	 	RESTORATION OF RIGHTS AND REMEDIES. 

  
 If the Trustee or any Holder of any Security has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has
been discontinued or abandoned for any reason, then and in every such case the Company, the Subsidiary Guarantors, the Trustee and the Holders shall, subject to any determination in such proceeding, be restored severally and respectively to their
former positions hereunder, and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 
  

	SECTION 510.	 	RIGHTS AND REMEDIES CUMULATIVE. 

  
 Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of
Section 306, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in
addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other appropriate right or remedy. 
  

	SECTION 511.	 	DELAY OR OMISSION NOT WAIVER. 

  
 No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default shall impair any
such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be
deemed expedient, by the Trustee or by the Holders, as the case may be. 
  

	SECTION 512.	 	CONTROL BY HOLDERS. 

  
 With respect to Securities of any series, the Holders of a majority in principal amount of the Outstanding Securities of such series shall have the right
to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, relating to or arising under an Event of Default described in clause (1), (2), (3)
or (7) of Section 501, and with respect to all Securities, the Holders of a majority in principal amount of all Outstanding Securities shall have the right to direct the time, method and place of conducting any remedy available to the Trustee, or
exercising any trust or power conferred on the Trustee, relating to or 

  

 34 

 
arising under an Event of Default described in clause (4), (5) or (6) of Section 501, PROVIDED HOWEVER that in each such case 
  
 (1) such direction shall not be in conflict with any rule of
law or with this Indenture, 
  
 (2) the Trustee
may take any other action deemed proper by the Trustee which is not inconsistent with such direction; 
  
 (3) such Holders shall have offered to the Trustee indemnity satisfactory to the Trustee against the costs, expenses and liabilities that
might be incurred in compliance with such request; and 
  
 (4) the Trustee need not take any action which might involve it in personal liability or be unduly prejudicial to the Holders not joining in such direction. 
  

	SECTION 513.	 	WAIVER OF PAST DEFAULTS. 

  
 The Holders of a majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of all the Securities of such
series waive any past default hereunder with respect to such series and its consequences, except a default 
  
 (1) in the payment of the principal of (or premium, if any) or interest on, or any Additional Amounts with respect to, any Security of
such series, or 
  
 (2) in respect of a covenant
or provision hereof which under Article Nine cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series affected. 
  
 Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have
been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 
  

	SECTION 514.	 	UNDERTAKING FOR COSTS. 

  
 All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its
discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to
pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or
defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Company or any Subsidiary Guarantor, to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of
Holders, holding in the aggregate more than 10% in principal amount of the Outstanding Securities of any series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of (or premium, if any) or interest on, or
any Additional Amounts with respect to, any Security on or after the Stated Maturity or Maturities expressed in such Security (or, in the case of redemption, on or after the Redemption Date). 
  

 35 

	SECTION 515.	 	WAIVER OF STAY OR EXTENSION LAWS. 

  
 The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or
take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company and the Subsidiary 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 hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution
of every such power as though no such law had been enacted. 
  
 ARTICLE SIX 
  
 THE TRUSTEE 
  

	SECTION 601.	 	CERTAIN DUTIES AND RESPONSIBILITIES. 

  
 (a) Except during the continuance of an Event of Default with respect to the Securities of any series, 
  
 (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 
  

(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 shall not be required to confirm or investigate the accuracy of
mathematical calculations or other facts stated therein. 
  
 (b) In case an Event of Default has occurred and is continuing with respect to the Securities of any series, 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 their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. 
  
 (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 Subsection shall not be construed to limit the effect of Subsection (a) of this Section; 
  
 (2) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it shall be proved that
the Trustee was negligent in ascertaining the pertinent facts; 
  
 (3) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders of a 

  

 36 

 
majority in principal amount of the Outstanding Securities of any series or of all series, determined as provided in Section 511, relating to the time,
method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such series; and 
  
 (4) 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 assured to it. 
  
 (d) Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of
or affording protection to the Trustee shall be subject to the provisions of this Section. 
  

	SECTION 602.	 	NOTICE OF DEFAULTS. 

  
 Within 90 days after the occurrence of any default hereunder with respect to the Securities of any series, the Trustee shall give notice of such default
hereunder known to the Trustee to all Holders of Securities of such series in the manner provided in Section 107, unless such default shall have been cured or waived; PROVIDED HOWEVER that, except in the case of a default in the payment of the
principal of (or premium, if any) or interest on, or any Additional Amounts with respect to, any Security of such series or in the payment of any sinking fund installment with respect to Securities of such series, the Trustee shall be protected in
withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the interest of the
Holders of Securities of such series; PROVIDED FURTHER that in the case of any default of the character specified in Section 501(4) with respect to Securities of such series, no such notice to Holders shall be given until at least 30 days after the
occurrence thereof. For the purpose of this Section, the term “default” means any event, act or condition which is, or after notice or lapse of time or both would become, an Event of Default with respect to Securities of such series.

  

	SECTION 603.	 	CERTAIN RIGHTS OF TRUSTEE. 

  
 Subject to the provisions of Section 601: 
  
 (a) the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper party
or parties; 
  
 (b) any request or direction of
the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 
  
 (c) whenever in the administration of this Indenture the
Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action 

  

 37 

 
hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officers’
Certificate; 
  
 (d) the Trustee may consult with
counsel and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 
  
 (e) the Trustee shall be under no obligation to exercise any
of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs,
expenses and liabilities which might be incurred by it in compliance with such request or direction; 
  
 (f) the Trustee 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, coupon, 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; 
  
 (g) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents
or attorneys and, except for any Affiliates of the Trustee, the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; and 
  
 (h) the Trustee shall not be deemed to know of any Event of
Default unless the Trustee shall have received notice thereof as provided in Section 106 hereof or a trust officer of the Trustee shall have actual knowledge thereof. 
  

	SECTION 604.	 	NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OF SECURITIES. 

  
 The recitals contained herein and in the Securities and the Subsidiary Guarantees, except the Trustee’s certificates of authentication, shall be
taken as the statements of the Company or the Subsidiary Guarantors, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture, the
Securities or the Subsidiary Guarantees endorsed thereon. The Trustee shall not be accountable for the use or application by the Company of Securities or the proceeds thereof. 
  

	SECTION 605.	 	MAY HOLD SECURITIES. 

  
 The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the Company or any Subsidiary Guarantor, in its
individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 608 and 613, may otherwise deal with the Company and any Subsidiary Guarantor with the same rights it would have if it were not Trustee,
Authenticating Agent, Paying Agent, Security Registrar or such other agent. 
  

 38 

	SECTION 606.	 	MONEY HELD IN TRUST. 

  
 Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no
liability for interest on any money received by it hereunder except as otherwise agreed with the Company or any Subsidiary Guarantor, as the case may be. 
  

	SECTION 607.	 	COMPENSATION AND REIMBURSEMENT. 

  
 The Company agrees: 
  
 (1) to pay to the Trustee from time to time compensation agreed to with the Trustee for all services rendered by it hereunder (which
compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 
  
 (2) to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in
accordance with any provision of this Indenture (including the compensation and the reasonable expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance resulting from its negligence or bad faith; and

  
 (3) to indemnify the Trustee and each of its
directors, officers, employees, agents and/or representatives for, and to hold each of them harmless against, any loss, liability or expense (including taxes, other than taxes based upon or determined or measured by the income of the Trustee)
incurred without negligence or bad faith on each of their part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending themselves against any claim or
liability in connection with the exercise or performance of any of the Trustee’s powers or duties hereunder. 
  
 As security for the performance of the obligations of the Company under this Section, the Trustee shall have a lien prior to the Securities upon all
property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of, premium, if any, or interest, if any, on, or any Additional Amounts with respect to, particular Securities. 
  

	SECTION 608.	 	DISQUALIFICATION; CONFLICTING INTERESTS. 

  
 (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any
series, it shall, within 90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign with respect to the Securities of that series in the manner and with the effect hereinafter specified in
this Article. 
  
 (b) In the event that the
Trustee shall fail to comply with the provisions of Subsection (a) of this Section with respect to the Securities of any series, the Trustee shall, within 10 days after the expiration of such 90-day period, transmit by mail to all Holders of
Securities of that series, as their names and addresses appear in the Security Register, notice of such failure. 
  
 (c) For the purposes of this Section, the term “conflicting interest” shall have the meaning specified in Section 310(b) of the
Trust Indenture Act and the Trustee shall comply with Section 310(b) of the Trust Indenture Act; PROVIDED that there shall be excluded from the 

  

 39 

 
operation of Section 310(b)(1) of the Trust Indenture Act with respect to the Securities of any series any indenture or indentures under which other
securities, or certificates of interest or participation in other securities, of the Company are outstanding, if the requirements for such exclusion set forth in Section 310(b)(1) of the Trust Indenture Act are met. For purposes of the preceding
sentence, the optional provision permitted by the second sentence of Section 310(b)(9) of the Trust Indenture Act shall be applicable. 
  

	SECTION 609.	 	CORPORATE TRUSTEE REQUIRED; ELIGIBILITY. 

  
 There shall at all times be a Trustee hereunder which shall be a corporation organized and doing business under the laws of the United States of America,
any State thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus (together with that of its parent) of at least $50,000,000 and subject to supervision or examination
by Federal or State (or District of Columbia) authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section,
the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with
the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 
  
 The Indenture shall always have a Trustee who satisfies the requirements of Sections 310(a)(1), 310(a)(2) and 310(a)(5) of the Trust Indenture Act.

  

	SECTION 610.	 	RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR. 

  
 (a) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective
until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 611. 
  
 (b) The Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the
Company. If the instrument of acceptance by a successor Trustee required by Section 611 shall not have been delivered to the resigning Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 
  
 (c) The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal
amount of the Outstanding Securities of such series, delivered to the Trustee and to the Company. 
  
 (d) If at any time: 
  
 (1) the Trustee shall fail to comply with Section 608(a) after written request therefor by the Company or by any Holder who has been a
bona fide Holder of a Security for at least six months, or 
  
 (2) the Trustee shall cease to be eligible under Section 609 and shall fail to resign after written request therefor by the Company or by any such Holder of Securities, or 

  

 40 

 (3) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or
insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then, in any
such case, (i) the Company by a Board Resolution may remove the Trustee with respect to all Securities, or (ii) subject to Section 513, any Holder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and
all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees. 
  
 (e) If the Trustee shall resign, be removed or become
incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the Securities of one or more series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to
the Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the
Securities of any particular series) and such successor Trustee or Trustees shall comply with the applicable requirements of Section 611. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the
Company and accepted appointment in the manner required by Section 611, any Holder who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated, petition any court
of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 
  
 (f) The Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series and
each appointment of a successor Trustee with respect to the Securities of any series by mailing written notice of such event by first-class mail, postage prepaid, to all Holders of Securities of such series as their names and addresses appear in the
Security Register. Each notice shall include the name of the successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office. 
  

	SECTION 611.	 	ACCEPTANCE OF APPOINTMENT BY SUCCESSOR. 

  
 (a) In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed
shall execute, acknowledge and deliver to the Company, the Subsidiary Guarantors and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such
successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee shall,
upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and
money held by such retiring Trustee hereunder. 
  
 (b) In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company, the Subsidiary Guarantors, the retiring Trustee and each successor Trustee with respect to the
Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and
confirm to, and to vest in, each successor Trustee all the rights, powers, 

  

 41 

 
trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates,
(2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the
Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or
facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall
be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture, the resignation or removal of the retiring
Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to
the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all
property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates. 
  
 (c) Upon request of any such successor Trustee, the Company and the Subsidiary Guarantors shall execute any
and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may be. 
  
 (d) No successor Trustee shall accept its appointment unless
at the time of such acceptance such successor Trustee shall be qualified and eligible under this Article. 
  

	SECTION 612.	 	MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS. 

  
 Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation
shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall have been authenticated, but not delivered, by the
Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself
authenticated such Securities. 
  

	SECTION 613.	 	PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY AND SUBSIDIARY GUARANTORS. 

  

If and when the Trustee shall be or become a creditor of the Company, any Subsidiary Guarantor or any other obligor upon the Securities, the Trustee
shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Company, such Subsidiary Guarantor or any such other obligor. 
  

 42 

	SECTION 614.	 	APPOINTMENT OF AUTHENTICATING AGENT. 

  
 The Trustee may appoint an Authenticating Agent or Agents (with respect to one or more series of Securities) which shall be authorized to act on behalf of
the Trustee to authenticate Securities issued upon original issue and upon exchange, registration of transfer or partial redemption or pursuant to Section 306, and Securities so authenticated shall be entitled to the benefits of this Indenture and
shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of
authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each
Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia having a combined capital and
surplus of not less than $50,000,000 or equivalent amount expressed in a foreign currency and subject to supervision or examination by Federal or State (or District of Columbia) authority or authority of such country. If such Authenticating Agent
publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed
to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent
shall resign immediately in the manner and with the effect specified in this Section. 
  
 Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such
Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible
under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent. 
  
 An Authenticating Agent for any series of Securities may resign at any time by giving written notice thereof to the Trustee and to the Company. The
Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time
such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee for such series of Securities may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall mail
written notice of such appointment by first-class mail, postage prepaid, to all Holders as their names and addresses appear in the Security Register. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested
with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section.

  
 The Trustee agrees to pay to each Authenticating Agent from
time to time reasonable compensation for its services under this Section, and the Trustee shall be entitled to be reimbursed for such payments, subject to the provisions of Section 607. 
  

 43 

 If an appointment is made with respect to one or more series pursuant to this Section, the Securities of
such series may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication in the following form: 
  
 “This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.

  

			
	 [NAME OF TRUSTEE],
AS TRUSTEE

		
	By	 	 
	 	 	

	 	 	AS AUTHENTICATING AGENT
		
	By	 	 
	 	 	

	 	 	“AUTHORIZED SIGNATORY”

  
 Notwithstanding
any provision of this Section 614 to the contrary, if at any time any Authenticating Agent appointed hereunder with respect to any series of Securities shall not also be acting as the Security Registrar hereunder with respect to any series of
Securities, then, in addition to all other duties of an Authenticating Agent hereunder, such Authenticating Agent shall also be obligated: (i) to furnish to the Security Registrar promptly all information necessary to enable the Security Registrar
to maintain at all times an accurate and current Security Register; and (ii) prior to authenticating any Security denominated in a foreign currency, to ascertain from the Company the units of such foreign currency that are required to be determined
by the Company pursuant to Section 302. 
  
 ARTICLE SEVEN

  
 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

  

	SECTION 701.	 	COMPANY TO FURNISH TRUSTEE NAMES AND ADDRESSES OF HOLDERS. 

  
 With respect to each series of Securities, the Company will furnish or cause to be furnished to the Trustee: 
  
 (a) semi-annually, not more than 15 days after each Regular
Record Date relating to that series (or, if there is no Regular Record Date relating to that series, on January 1 and July 1), a list, in such form as the Trustee may reasonably require, of the names and addresses of the Holders of that series as of
such dates, and 
  
 (b) at such other times as
the Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a list of similar form and content, such list to be dated as of a date not more than 15 days prior to the time such list is furnished; PROVIDED,
that so long as the Trustee is the Security Registrar, the Company shall not be required to furnish or cause to be furnished such a list to the Trustee. The Company shall otherwise comply with Section 310(a) of the Trust Indenture Act. 

 

 44 

	SECTION 702.	 	PRESERVATION OF INFORMATION; COMMUNICATIONS TO HOLDERS. 

  
 (a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders of each series
contained in the most recent list furnished to the Trustee as provided in Section 701 and the names and addresses of Holders of each series received by the Trustee in its capacity as Security Registrar, if applicable. The Trustee may destroy any
list furnished to it as provided in Section 701 upon receipt of a new list so furnished. The Trustee shall otherwise comply with Section 310(a) of the Trust Indenture Act. 
  
 (b) Holders of Securities may communicate pursuant to Section 312(b) the Trust Indenture Act with other
Holders with respect to their rights under this Indenture or under the Securities. 
  
 (c) Every Holder of Securities, by receiving and holding the same, agrees with the Company, each Subsidiary Guarantor and the Trustee that
neither the Company, any Subsidiary Guarantor nor the Trustee nor any agent of either of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders in accordance with Section
702(b), regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 702(b). The Company, the Trustee, the Security
Registrar and any other Person shall have the protection of Section 312(c) of the Trust Indenture Act. 
  

	SECTION 703.	 	REPORTS BY TRUSTEE. 

  
 The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to the Trust
Indenture Act at the times and in the manner provided pursuant thereto. A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange upon which any Securities are listed, with the
Commission and with the Company and with the Subsidiary Guarantors. The Company will notify the Trustee when any Securities are listed on any stock exchange. 
  

	SECTION 704.	 	REPORTS BY COMPANY. 

  
 The Company shall file with the Trustee, within 15 days after the Company is required to file the same with the Commission, copies of the annual reports
and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) which the Company may be required to file with the Commission
pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as amended, and shall otherwise comply with Section 314(a) of the Trust Indenture Act. 
  
 ARTICLE EIGHT 
  
 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 
  

	SECTION 801.	 	MERGER, CONSOLIDATION AND SALE OF ASSETS. 

  
 (1) The Company shall not merge, consolidate or amalgamate with or into any other Person (other than a merger of a Wholly Owned Subsidiary into the
Company) or sell, transfer, assign, lease, 

  

 45 

 
convey or otherwise dispose of all or substantially all of its property in any one transaction or series of transactions unless: 
  
 (a) the Company shall be the surviving Person (the
“Surviving Person”) or the Surviving Person (if other than the Company) formed by such merger, consolidation or amalgamation or to which such sale, transfer, assignment, lease, conveyance or disposition is made shall be a corporation
organized and existing under the laws of the United States of America, any State thereof or the District of Columbia; 
  
 (b) the Surviving Person (if other than the Company) expressly assumes, by supplemental indenture in form reasonably satisfactory to the
Trustee, executed and delivered to the Trustee by such Surviving Person, the due and punctual payment of the principal of, and premium, if any, and interest on, all the Securities, according to their tenor, and the due and punctual performance and
observance of all the covenants of this Indenture to be performed by the Company; 
  
 (c) in the case of a sale, transfer, assignment, lease, conveyance or other disposition of all or substantially all the Property of the
Company, such Property shall have been transferred as an entirety or virtually as an entirety to one Person; 
  
 (d) immediately before and after giving effect to such transaction or series of transactions on a pro forma basis (and treating, for
purposes of this clause (d) below, any Indebtedness that becomes, or is anticipated to become, an obligation of the Surviving Person as a result of such transaction as having been incurred by the Surviving Person at the time of such transaction or
series of transactions), no Event of Default shall have occurred and be continuing; and 
  
 (e) the Company shall deliver, or cause to be delivered, to the Trustee, in form and substance reasonably satisfactory to the Trustee, an
Officers’ Certificate and an Opinion of Counsel, each stating that such transaction and the supplemental indenture, if any, in respect thereto comply with this covenant and that all conditions precedent herein provided for relating to such
transaction have been satisfied. 
  
 (2) The Company shall
not permit any Subsidiary Guarantor to merge, consolidate or amalgamate with or into other Person (other than a merger of a Wholly Owned Subsidiary into the Company or a Subsidiary Guarantor) or sell, transfer, assign, lease, convey or otherwise
dispose of all or substantially all its property in any one transaction or series of transactions unless: 
  
 (a) the Surviving Person (if not such Subsidiary Guarantor) formed by such merger, consolidation or amalgamation or to which such sale,
transfer, assignment, lease, conveyance or disposition is made shall be a corporation organized and existing under the laws of the United States of America, any State thereof or the District of Columbia; 
  
 (b) the Surviving Person (if other than such Subsidiary
Guarantor) expressly assumes, by supplemental indenture in form reasonably satisfactory to the Trustee, executed and delivered to the Trustee by such Surviving Person, the due and punctual performance and observance of all the obligations of such
Subsidiary Guarantor under its Subsidiary Guarantee; 
  

 46 

 (c) in the case of a sale, transfer, assignment, lease, conveyance or other disposition
of all or substantially all the property of such Subsidiary Guarantor, such property shall have been transferred as an entirety or virtually as an entirety to one Person; 
  
 (d) immediately before and after giving effect to such transaction or series of transactions on a pro forma
basis (and treating, for purposes of this clause (d), any Indebtedness that becomes, or is anticipated to become, an obligation of the Surviving Person, the Company as a result of such transaction or series of transactions as having been Incurred by
the Surviving Person, the Company at the time of such transaction or series of transactions), no Event of Default shall have occurred and be continuing; and 
  
 (e) the Company will deliver, or cause to be delivered, to the Trustee, in form and substance reasonably
satisfactory to the Trustee, an Officers’ Certificate and an Opinion of Counsel, each stating that such transaction and such Subsidiary Guarantee, if any, in respect thereto comply with this covenant and that all conditions precedent herein
provided for relating to such transaction have been satisfied. 
  

	SECTION 802.	 	SUCCESSOR PERSON SUBSTITUTED. 

  
 The Surviving Person shall succeed to, and be substituted for, and may exercise every right and power of the Company under this Indenture (or of the
Subsidiary Guarantor under the Subsidiary Guarantee, as the case may be), PROVIDED that the predecessor Company in the case of: 
  
 (a) a sale, transfer, assignment, conveyance or other disposition (unless such sale, transfer, assignment conveyance or other disposition
is of all the assets of the Company or such Subsidiary Guarantor, as applicable, as an entirety or virtually as an entirety), or 
  
 (b) a lease 
  
 shall not be released from any of the obligations or covenants under this Indenture. 
  
 ARTICLE NINE 
  
 SUPPLEMENTAL INDENTURES 
  

	SECTION 901.	 	SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF HOLDERS. 

  
 Notwithstanding any other provision of this Indenture, the Company and the Trustee may amend or supplement this Indenture without the consent of any
holder to: 
  
 (1) cure any ambiguity, omission,
defect or inconsistency; or 
  
 (2) provide for
the assumption by a Surviving Person of the obligations of the Company under this Indenture; or 
  
 (3) add to the covenants of the Company for the benefit of the Holders of all or any series of Securities (and if such covenants are to be
for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit of such series), to convey, transfer, assign, mortgage or pledge any property to or with the Trustee or 

  

 47 

 
otherwise secure any series of the Securities or to surrender any right or power herein conferred upon the Company; or 
  
 (4) add any additional Events of Default with respect to all
or any series of the Securities (and, if such Event of Default is applicable to less than all series of Securities, specifying the series to which such Event of Default is applicable); or 
  
 (5) change or eliminate any of the provisions of this
Indenture, PROVIDED HOWEVER that any such change or elimination shall become effective only when there is no Security Outstanding of any series created prior to the execution of such supplemental indenture which is adversely affected by such change
in or elimination of such provision; or 
  
 (6)
establish the form or terms of Securities of any series as permitted by Sections 201 and 301; or 
  
 (7) 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 401; PROVIDED HOWEVER that any such action shall not adversely affect the interest of the Holders of Securities of such series or any other series of Securities in any material respect; or

  
 (8) 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 611(b); or 
  
 (9) secure the securities or any Subsidiary Guarantee pursuant to the terms thereof; or 
  
 (10) add additional Subsidiary Guarantees or release
Subsidiary Guarantors from Subsidiary Guarantees as provided by the terms of this Indenture; or 
  
 (11) make a change that does not adversely affect the rights of any Holder; or 
  
 (12) surrender any right conferred to the Company under this
Indenture; or 
  
 (13) comply with any
requirement of the Commission in connection with the qualification of this Indenture under the Trust Indenture Act. 
  

	SECTION 902.	 	SUPPLEMENTAL INDENTURES WITH CONSENT OF HOLDERS. 

  
 With the consent of the Holders of at least a majority in principal amount of the Outstanding Securities of all series affected by such supplemental
indenture (acting as one class), by Act of said Holders delivered to the Company, the Subsidiary Guarantors and the Trustee, the Company, when authorized by a Board Resolution, the Subsidiary Guarantors, when authorized by their respective Board
Resolutions and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the
rights of the Holders of Securities of such series under 

  

 48 

 
this Indenture; PROVIDED HOWEVER that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security of any particular
series affected thereby, 
  
 (1) change the
Stated Maturity of the principal of, or any installment of principal of or interest on, any Security, or reduce the principal amount thereof or the rate of interest thereon, any Additional Amounts with respect thereto or any premium payable upon the
redemption thereof, or change any obligation of the Company to pay Additional Amounts (except as contemplated by Section 801(1) and permitted by Section 901(2)), or reduce the amount of the principal of an Original Issue Discount Security that would
be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502, or change any Place of Payment where, or the coin or currency or currencies (including composite currencies) in which, any Security or any premium
or any interest thereon or Additional Amounts with respect thereto is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the
Redemption Date), or 
  
 (2) reduce the
percentage in principal amount of Outstanding Securities, the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this
Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, or 
  
 (3) modify any of the provisions of this Section, Section 512 or Section 1006, except to increase any such percentage or to provide with
respect to any particular series the right to condition the effectiveness of any supplemental indenture as to that series on the consent of the Holders of a specified percentage of the aggregate principal amount of Outstanding Securities of such
series (which provision may be made pursuant to Section 301 without the consent of any Holder) or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security
affected thereby, PROVIDED HOWEVER that this clause shall not be deemed to require the consent of any Holder with respect to changes in the references to “the Trustee” and concomitant changes in this Section and Section 1006, or the
deletion of this proviso, in accordance with the requirements of Sections 611(b) and 901(8). 
  
 A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been included solely for the benefit of one or more particular series of Securities, or which
modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series. 
  
 It shall not be necessary for any Act of Holders under this Section to
approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 
  

	SECTION 903.	 	EXECUTION OF SUPPLEMENTAL INDENTURES. 

  
 In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the
trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or
permitted by this 

  

 49 

 
Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties,
immunities or liabilities under this Indenture or otherwise. 
  

	SECTION 904.	 	EFFECT OF SUPPLEMENTAL INDENTURES. 

  
 Upon the execution of any supplemental indenture under this Article, 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. 
  

	SECTION 905.	 	CONFORMITY WITH TRUST INDENTURE ACT. 

  
 Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect. 

 

	SECTION 906.	 	REFERENCE IN SECURITIES TO SUPPLEMENTAL INDENTURES. 

  
 Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if required
by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee
and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. 
  
 Failure to make the appropriate notation shall not affect the validity or
enforceability of such supplemental indenture. 
  
 ARTICLE TEN

  
 COVENANTS 
  

	SECTION 1001.	 	PAYMENT OF PRINCIPAL, PREMIUM AND INTEREST. 

  
 The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of (and premium, if any),
interest on and any Additional Amounts with respect to the Securities of that series in accordance with the terms of the Securities of such series and this Indenture. 
  

	SECTION 1002.	 	MAINTENANCE OF OFFICE OR AGENCY. 

  
 The Company will maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series may be presented or
surrendered for payment, where Securities of that series may be surrendered for registration of transfer or exchange (if applicable) and where notices and demands to or upon the Company or any Subsidiary Guarantor in respect of the Securities of
that series or any Subsidiary Guarantee 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. 
  

 50 

 The Company may also from time to time designate one or more other offices or agencies where the
Securities of one or more series may be presented or surrendered for any or all 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 will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of
any such other office or agency. 
  

	SECTION 1003.	 	MONEY FOR SECURITIES PAYMENTS TO BE HELD IN TRUST. 

  
 If the Company shall at any time act as its own Paying Agent with respect to any series of Securities, it will, on or before each due date of the
principal of (and premium, if any) or interest on or any Additional Amounts with respect to any of the Securities of that series, 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 or any Additional Amounts so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act. 
  
 Whenever the Company shall have one or more Paying Agents for any series of
Securities, the Company will, on or before each due date of the principal of (and premium, if any) or interest on any Securities of that series, deposit with a 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 will cause each Paying Agent for any series of
Securities other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will: 
  
 (1) hold all sums held by it for the payment of the
principal of (and premium, if any), interest on or any Additional Amounts with respect to Securities of that series in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as
herein provided; 
  
 (2) give the Trustee notice
of any default by the Company (or any other obligor upon the Securities of that series) in the making of any payment of principal (and premium, if any), interest on or any Additional Amounts with respect to the Securities of that series; and

  
 (3) at any time during the continuance of any
such default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. 
  
 The Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company
Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which sums were held by the Company or such Paying Agent; and,
upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 
  
 Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of (and premium, if any)
or interest on or any Additional Amounts 

  

 51 

 
with respect to any Security of any series and remaining unclaimed for two years (or such shorter period of time as may be provided in the applicable
abandoned property law for return of such monies to the Company) after such principal (and premium, if any) or interest or Additional Amounts have become due and payable shall, unless otherwise required by mandatory provisions of applicable escheat,
or abandoned or unclaimed property law, be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to
the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; PROVIDED HOWEVER that the Trustee or such Paying
Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in an Authorized Newspaper in The Borough of Manhattan, The City of New York and in such other Authorized Newspapers as the
Trustee shall deem appropriate, 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 publication, any unclaimed balance of such money then remaining will,
unless otherwise required by mandatory provisions of applicable escheat, or abandoned or unclaimed property law, be repaid to the Company. 
  

	SECTION 1004.	 	EXISTENCE. 

  
 Subject to Article Eight, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence. 
  

	SECTION 1005.	 	STATEMENT BY OFFICERS AS TO DEFAULT. 

  
 The Company will deliver to the Trustee, within 120 days after the end of each fiscal year of the Company ending after the date hereof so long as any
Security is outstanding hereunder, an Officers’ Certificate, complying with Section 314(a) of the Trust Indenture Act, stating that a review of the activities of the Company during such year and of performance under this Indenture has been made
under the supervision of the signers thereof and whether or not to the best of their knowledge, based upon such review, the Company is in default in the performance, observance or fulfillment of any of its covenants and other obligations under this
Indenture, and if the Company shall be in default, specifying each such default known to them and the nature and status thereof. One of the officers signing the Officers’ Certificate delivered pursuant to this Section 1005 shall be the
principal executive, financial or accounting officer of the Company or such Subsidiary Guarantor. 
  
 For purposes of this Section, such compliance shall be determined without regard to any period of grace or requirement of notice provided under this
Indenture. 
  

	SECTION 1006.	 	WAIVER OF CERTAIN COVENANTS. 

  
 The Company may omit in any particular instance to comply with any covenant or condition set forth in Section 1004, or any covenant added for the benefit
of any series of Securities as contemplated by Section 301 (unless otherwise specified pursuant to Section 301) if before or after the time for such compliance the Holders of a majority in principal amount of the Outstanding Securities of all series
affected by such omission (acting as one class) shall, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such covenant or condition, but no such waiver shall extend to or affect such covenant or
condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect.

  

 52 

	SECTION 1007.	 	ADDITIONAL AMOUNTS. 

  
 If the Securities of a series expressly provide for the payment of Additional Amounts, the Company will pay to the Holder of any Security of such series
Additional Amounts as expressly provided therein. Whenever in this Indenture there is mentioned, in any context, the payment of the principal of or any premium or interest on, or in respect of, any Security of any series or the net proceeds received
from the sale or exchange of any Security of any series, such mention shall be deemed to include mention of the payment of Additional Amounts provided for in this Section to the extent that, in such context, Additional Amounts are, were or would be
payable in respect thereof pursuant to the provisions of this Section and express mention of the payment of Additional Amounts (if applicable) in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions hereof
where such express mention is not made. 
  
 If the Securities of a
series provide for the payment of Additional Amounts, at least 10 days prior to the first Interest Payment Date with respect to that series of Securities (or if the Securities of that series will not bear interest prior to Maturity, the first day on
which a payment of principal and any premium is made), and at least 10 days prior to each date of payment of principal and any premium or interest if there has been any change with respect to the matters set forth in the below-mentioned
Officers’ Certificate, the Company shall furnish the Trustee and the Company’s principal Paying Agent or Paying Agents, if other than the Trustee, with an Officers’ Certificate instructing the Trustee and such Paying Agent or Paying
Agents whether such payment of principal of and any premium or interest on the Securities of that series shall be made to Holders of Securities of that series who are United States Aliens without withholding for or on account of any tax, assessment
or other governmental charge described in the Securities of that series. If any such withholding shall be required, then such Officers’ Certificate shall specify by country the amount, if any, required to be withheld on such payments to such
Holders of Securities and the Company will pay to such Paying Agent the Additional Amounts required by this Section. The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless against any loss, liability or
expense reasonably incurred without negligence or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished pursuant to this Section 1007. 

 
 ARTICLE ELEVEN 
  
 REDEMPTION OF SECURITIES 
  

	SECTION 1101.	 	APPLICABILITY OF ARTICLE. 

  
 Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with the terms of the series and (except as
otherwise specified as contemplated by Section 301 for Securities of any series or as otherwise may conflict with the terms hereof) in accordance with this Article. 
  

	SECTION 1102.	 	ELECTION TO REDEEM; NOTICE TO TRUSTEE. 

  
 Unless otherwise provided with respect to the Securities of a series as contemplated by Section 301, the election of the Company to redeem any Securities
shall be evidenced by a Board Resolution. In case of any redemption at the election of the Company, the Company shall, at least 45 days prior to the Redemption Date (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee
of such Redemption Date and of the principal amount of Securities of such series to be redeemed. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the 

  

 53 

 
terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with
such restriction. 
  

	SECTION 1103.	 	SELECTION BY TRUSTEE OF SECURITIES TO BE REDEEMED. 

  
 If less than all the Securities of any series are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days prior
to the Redemption Date by the Trustee, from the Outstanding Securities of such series not previously called for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of
portions (equal to the minimum authorized denomination for Securities of that series or any integral multiple thereof) of the principal amount of Securities of such series of a denomination larger than the minimum authorized denomination for
Securities of that series or of the principal amount of global Securities of such series. 
  
 The Trustee shall promptly notify the Company and the Security Registrar in writing of the Securities selected for redemption and, in the case of any Securities selected for partial redemption, the principal amount
thereof to be redeemed. 
  
 For all purposes of this Indenture,
unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which has
been or is to be redeemed. 
  

	SECTION 1104.	 	NOTICE OF REDEMPTION. 

  
 Notice of redemption shall be given in the manner provided in Section 107 to each Holder of Securities to be redeemed not less than 30 nor more than 60
days prior to the Redemption Date. 
  
 All notices of redemption
shall state: 
  
 (1) the Redemption Date,

  
 (2) the Redemption Price, 
  
 (3) 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 amounts) of the particular Securities to be redeemed, 
  
 (4) that on the Redemption Date the Redemption Price will become due and payable upon each such Security to be redeemed and, if
applicable, that interest thereon will cease to accrue on and after said date, 
  
 (5) the place or places where such Securities are to be surrendered for payment of the Redemption Price, 
  
 (6) that the redemption is for a sinking fund, if such is
the case, and 
  
 (7) the “CUSIP”
number, if applicable. 
  
 A notice of redemption as contemplated
by Section 107 need not identify particular Securities to be redeemed. Notice of redemption of Securities to be redeemed at the election of the Company shall be 

  

 54 

 
given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company. 
  

	SECTION 1105.	 	DEPOSIT OF REDEMPTION PRICE. 

  
 On or before 11:00 a.m., New York, New York time, on any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the
Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest
on, and any Additional Amounts with respect to, all the Securities which are to be redeemed on that date. 
  

	SECTION 1106.	 	SECURITIES PAYABLE ON REDEMPTION DATE. 

  
 Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the
Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security for
redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest (and any Additional Amounts) to the Redemption Date; PROVIDED HOWEVER that installments of interest whose
Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and
the provisions of Section 307. 
  
 If any Security called for
redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security or, in the case of Original Issue
Discount Securities, the Securities’ Yield to Maturity. 
  

	SECTION 1107.	 	SECURITIES REDEEMED IN PART. 

  
 Any Security which is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so requires,
due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), and the Company shall execute, if applicable, the
Subsidiary Guarantors shall execute the Subsidiary Guarantee endorsed thereon and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of the same series and Stated Maturity,
of any authorized denomination as requested by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered. 
  

	SECTION 1108.	 	PURCHASE OF SECURITIES. 

  
 Unless otherwise specified as contemplated by Section 301, the Company and any Affiliate of the Company may at any time purchase or otherwise acquire
Securities in the open market or by private agreement. Such acquisition shall not operate as or be deemed for any purpose to be a redemption of the indebtedness represented by such Securities. Any Securities purchased or acquired by the Company may
be delivered to the Trustee and, upon such delivery, the indebtedness represented thereby shall be deemed to be satisfied. Section 309 shall apply to all Securities so delivered. 
  

 55 

 ARTICLE TWELVE 
  
 SINKING FUNDS 
  

	SECTION 1201.	 	APPLICABILITY OF ARTICLE. 

  
 The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of a series except as otherwise specified for
Securities of such series or otherwise in conflict with the terms hereof. 
  
 The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum
amount provided for by the terms of Securities of any series is herein referred to as an “optional sinking fund payment”. Unless otherwise provided by the terms of Securities of any series, the cash amount of any sinking fund payment may
be subject to reduction as provided in Section 1202. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series. 
  

	SECTION 1202.	 	SATISFACTION OF SINKING FUND PAYMENTS WITH SECURITIES. 

  
 The Company (1) may deliver Outstanding Securities of a series (other than any previously called for redemption), and (2) may apply as a credit Securities
of a series which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in
satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series; PROVIDED that such Securities have
not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking
payment shall be reduced accordingly. 
  

	SECTION 1203.	 	REDEMPTION OF SECURITIES FOR SINKING FUND. 

  
 Not less than 45 days prior (unless a shorter period shall be satisfactory to the Trustee) to each sinking fund payment date for any series of Securities,
the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by
payment of cash and the portion thereof, if any, which is to be satisfied by delivery of or by crediting Securities of that series pursuant to Section 1202 and will also deliver to the Trustee any Securities to be so delivered. Not less than 30 days
before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 1103 and cause notice of the redemption thereof to be given in the name of and
at the expense of the Company in the manner provided in Section 1104. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 1106 and 1107. 
  

 56 

 ARTICLE THIRTEEN 
  

SUBORDINATION 
  

	SECTION 1301.	 	APPLICABILITY OF ARTICLE. 

  
 Unless otherwise provided with respect to the Securities of any series or pursuant to the Board Resolution or supplemental indenture establishing such
series of Securities, the provisions of this Article shall be applicable to each series of Securities. 
  

	SECTION 1302.	 	SECURITIES SUBORDINATE TO SENIOR INDEBTEDNESS OF THE COMPANY. 

  
 The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agrees, that, to the extent and in the
manner hereinafter set forth in this Article (subject to the provisions of Article Four and Article Fourteen), the payment of the principal of (and premium, if any) and interest and any Additional Amounts on each and all of the Securities of such
series are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness of the Company. 
  
 No provisions of this Article Twelve shall prevent the occurrence of any Event of Default. 
  

	SECTION 1303.	 	PAYMENT OVER OF PROCEEDS UPON DISSOLUTION, ETC. 

  
 In the event of (1) any insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding
in connection therewith, relative to the Company or to its creditors, as such, or to its assets, or (2) any liquidation, dissolution or other winding up of the Company, whether voluntary or involuntary and whether or not involving insolvency or
bankruptcy, or (3) any assignment for the benefit of creditors or any other marshalling of assets and liabilities of the Company, then and in any such event specified in (1), (2) or (3) above (each such event, if any, herein sometimes referred to as
a “Proceeding”) the holders of Senior Indebtedness of the Company shall be entitled to receive payment in full of all amounts due or to become due on or in respect of all Senior Indebtedness of the Company, or provision shall be made for
such payment in cash or cash equivalents or otherwise in a manner satisfactory to the holders of Senior Indebtedness of the Company, before the Holders of the Securities are entitled to receive any payment or distribution of any kind or character,
whether in cash, property or securities (including any payment or distribution which may be payable or deliverable by reason of the payment of any other Indebtedness of the Company subordinated to the payment of the Securities, such payment or
distribution being hereinafter referred to as a “Junior Subordinated Payment”), on account of principal of (or premium, if any) or interest on the Securities or on account of any purchase or other acquisition of Securities by the Company
or any Subsidiary of the Company (all such payments, distributions, purchases and acquisitions, other than the payment or distribution of stock or securities of the Company referred to in the second succeeding paragraph, herein referred to,
individually and collectively, as a “Securities Payment”), and to that end the holders of Senior Indebtedness of the Company shall be entitled to receive, for application to the payment thereof, any Securities Payment which may be payable
or deliverable in respect of the Securities in any such Proceeding. 
  
 In the event that, notwithstanding the foregoing provisions of this Section, the Trustee or the Holder of any Security shall have received any Securities Payment before all Senior Indebtedness of the Company is paid in full or payment
thereof provided for in cash or cash equivalents or otherwise in a 

  

 57 

 
manner satisfactory to the holders of Senior Indebtedness of the Company, and if such fact shall, at or prior to the time of such Securities Payment, have
been made known to the Trustee or, as the case may be, such Holder, then and in such event such Securities Payment shall be paid over or delivered forthwith to the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee, agent or
other Person making payment or distribution of assets of the Company for application to the payment of all Senior Indebtedness of the Company remaining unpaid, to the extent necessary to pay all Senior Indebtedness of the Company in full, after
giving effect to any concurrent payment or distribution to or for the holders of Senior Indebtedness of the Company. 
  
 For purposes of this Article only, the words “any payment or distribution of any kind or character, whether in cash, property or securities”
shall not be deemed to include a payment or distribution of stock or securities of the Company provided for by a plan of reorganization or readjustment authorized by an order or decree of a court of competent jurisdiction in a reorganization
proceeding under any applicable bankruptcy law or of any other corporation provided for by such plan of reorganization or readjustment which stock or securities are subordinated in right of payment to all then outstanding Senior Indebtedness of the
Company to substantially the same extent as the Securities are so subordinated as provided in this Article. The consolidation of the Company with, or the merger of the Company into, another Person or the liquidation or dissolution of the Company
following the conveyance or transfer of all or substantially all of its properties and assets as an entirety to another Person upon the terms and conditions set forth in Article Eight shall not be deemed a Proceeding for the purposes of this Section
if the Person formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer such properties and assets as an entirety, as the case may be, shall, as a part of such consolidation, merger,
conveyance or transfer, comply with the conditions set forth in Article Eight. 
  

	SECTION 1304.	 	NO PAYMENT WHEN SENIOR INDEBTEDNESS OF THE COMPANY IN DEFAULT. 

  
 In the event that any Senior Payment Default (as defined below) shall have occurred and be continuing, then no Securities Payment shall be made unless and
until such Senior Payment Default shall have been cured or waived or shall have ceased to exist or all amounts then due and payable in respect of Senior Indebtedness of the Company shall have been paid in full, or provision shall have been made for
such payment in cash or cash equivalents or otherwise in a manner satisfactory to the holders of Senior Indebtedness of the Company; provided, however, that nothing in this Section shall prevent the satisfaction of any sinking fund payment in
accordance with Article Twelve by delivering and crediting pursuant to Section 1202 Securities which have been acquired (upon redemption or otherwise) prior to such Senior Payment Default. 
  
 “Senior Payment Default” means any default in the payment of
principal of (or premium, if any) or interest on any Senior Indebtedness of the Company when due, whether at the Stated Maturity of any such payment or by declaration of acceleration, call for redemption or otherwise. 
  
 In the event that any Senior Nonmonetary Default (as defined below) shall
have occurred and be continuing, then, upon the receipt by the Company and the Trustee of written notice of such Senior Nonmonetary Default from any holder, or agent for the holders, of the Senior Indebtedness of the Company which is the subject of
such Senior Nonmonetary Default, no Securities Payment shall be made during the period (the “Payment Blockage Period”) commencing on the date of such receipt of such written notice and ending on the earlier of (i) the date on which such
Senior Nonmonetary Default shall have been cured or waived or shall have ceased to exist or all Senior Indebtedness of the Company the subject of such Senior Nonmonetary Default shall have been discharged; (ii) the 179th day after the date 

  

 58 

 
of such receipt of such written notice; and (iii) the date on which the Payment Blockage Period shall have been terminated by written notice to the Company
or the Trustee from the agent for the Senior Indebtedness of the Company initiating the Payment Blockage Period; provided, however, that nothing in this Section shall prevent the satisfaction of any sinking fund payment in accordance with Article
Twelve by delivering and crediting pursuant to Section 1202 Securities which have been acquired (upon redemption or otherwise) prior to the date of such receipt of such written notice. No more than one Payment Blockage Period may be commenced with
respect to the Securities during any 360-day period and there shall be a period of at least 181 consecutive days in each 360-day period when no Payment Blockage Period is in effect. For all purposes of this paragraph, no Senior Payment Default or
Senior Nonmonetary Default that existed or was continuing on the date of commencement of any Payment Blockage Period shall be, or be made, the basis for the commencement of a subsequent Payment Blockage Period, whether or not within a period of 360
consecutive days, unless such Senior Payment Default or Senior Nonmonetary Default shall have been cured for a period of not less than 90 consecutive days. 
  
 “Senior Nonmonetary Default” means the occurrence or existence and continuance of any event of default with respect to any Senior Indebtedness
of the Company, other than a Senior Payment Default, permitting the holders of such Senior Indebtedness of the Company (or a trustee or agent on behalf of the holders thereof) to declare such Senior Indebtedness of the Company due and payable prior
to the date on which it would otherwise become due and payable. 
  
 In the event that, notwithstanding the foregoing, the Company shall make any Securities Payment to the Trustee or any Holder prohibited by the foregoing provisions of this Section, and if such fact shall, at or prior to the time of such
Securities Payment, have been made known to the Trustee or, as the case may be, such Holder, then and in such event such Securities Payment shall be paid over and delivered forthwith to the Company. 
  
 The provisions of this Section shall not apply to any Securities Payment with
respect to which Section 1303 would be applicable. 
  

	SECTION 1305.	 	PAYMENT PERMITTED IF NO DEFAULT. 

  
 Nothing contained in this Article or elsewhere in this Indenture or in any of the Securities shall prevent (a) the Company, at any time except during the
pendency of any Proceeding referred to in Section 1303 or under the conditions described in Section 1304, from making Securities Payments, or (b) the application by the Trustee of any money deposited with it hereunder to Securities Payments or the
retention of such Securities Payment by the Holders, if, at the time of such application by the Trustee, it did not have knowledge that such Securities Payment would have been prohibited by the provisions of this Article. 
  

	SECTION 1306.	 	SUBROGATION TO RIGHTS OF HOLDERS OF SENIOR INDEBTEDNESS OF THE COMPANY. 

  
 Subject to the payment in full of all amounts due or to become due on or in respect of Senior Indebtedness of the Company, or the provision for such
payment in cash or cash equivalents or otherwise in a manner satisfactory to the holders of Senior Indebtedness of the Company, the Holders of the Securities shall be subrogated to the rights of the holders of such Senior Indebtedness of the Company
to receive payments and distributions of cash, property and securities applicable to the Senior Indebtedness of the Company until the principal of (and premium, if any) and interest on the Securities shall be paid in full. For purposes of such
subrogation, no payments or distributions to the holders of the Senior 

  

 59 

 
Indebtedness of the Company of any cash, property or securities to which the Holders of the Securities or the Trustee would be entitled except for the
provisions of this Article, and no payments over pursuant to the provisions of this Article to the holders of Senior Indebtedness of the Company by Holders of the Securities or the Trustee, shall, as among the Company, its creditors other than
holders of Senior Indebtedness of the Company and the Holders of the Securities, be deemed to be a payment or distribution by the Company to or on account of the Senior Indebtedness of the Company. 
  

	SECTION 1307.	 	PROVISIONS SOLELY TO DEFINE RELATIVE RIGHTS. 

  
 The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders
of Senior Indebtedness of the Company on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior
Indebtedness of the Company and the Holders of the Securities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness of the Company, is intended
to rank equally with all other general obligations of the Company), to pay to the Holders of the Securities the principal of (and premium, if any) and interest on the Securities as and when the same shall become due and payable in accordance with
their terms; or (b) affect the relative rights against the Company of the Holders of the Securities and creditors of the Company other than the holders of Senior Indebtedness of the Company; or (c) prevent the Trustee or the Holder of any Security
from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness of the Company to receive cash, property and securities
otherwise payable or deliverable to the Trustee or such Holder. 
  

	SECTION 1308.	 	TRUSTEE TO EFFECTUATE SUBORDINATION. 

  
 Each Holder of a Security by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or
appropriate to effectuate the subordination provided in this Article and appoints the Trustee his attorney-in-fact for any and all such purposes. 
  

	SECTION 1309.	 	NO WAIVER OF SUBORDINATION PROVISIONS. 

  
 No right of any present or future holder of any Senior Indebtedness of the Company to enforce subordination as herein provided shall at any time in any
way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms, provisions and covenants of this
Indenture, regardless of any knowledge thereof any such holder may have or be otherwise charged with. 
  
 Without in any way limiting the generality of the foregoing paragraph, the holders of Senior Indebtedness of the Company may, at any time and from time to
time, without the consent of or notice to the Trustee or the Holders of the Securities, without incurring responsibility to the Holders of the Securities and without impairing or releasing the subordination provided in this Article or the
obligations hereunder of the Holders of the Securities to the holders of Senior Indebtedness of the Company, do any one or more of the following: (i) change the manner, place or terms of payment or extend the time of payment of, or renew or alter,
Senior Indebtedness of the Company, or otherwise amend or supplement in any manner Senior Indebtedness of the Company or any instrument evidencing the same or any agreement under which Senior Indebtedness of the Company is outstanding; (ii) sell,
exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Indebtedness of the 

  

 60 

 
Company; (iii) release any Person liable in any manner for the collection of Senior Indebtedness of the Company; and (iv) exercise or refrain from exercising
any rights against the Company and any other Person. 
  

	SECTION 1310.	 	NOTICE TO TRUSTEE. 

  
 The Company shall give prompt written notice to the Trustee of any fact known to the Company which would prohibit the making of any payment to or by the
Trustee in respect of the Securities. Notwithstanding the provisions of this Article or any other provision of this Indenture, the Trustee shall not be charged with knowledge of the existence of any facts which would prohibit the making of any
payment to or by the Trustee in respect of the Securities, unless and until the Trustee shall have received written notice thereof from the Company or a holder of Senior Indebtedness of the Company or from any trustee therefor; and, prior to the
receipt of any such written notice, the Trustee, subject to the provisions of Section 601, shall be entitled in all respects to assume that no such facts exist; provided, however, that if the Trustee shall not have received the notice provided for
in this Section at least three Business Days prior to the date upon which by the terms hereof any money may become payable for any purpose (including, without limitation, the payment of the principal of (and premium, if any) or interest on any
Security), then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power and authority to receive such money and to apply the same to the purpose for which such money was received and shall not be affected by any
notice to the contrary which may be received by it within three Business Days prior to such date. 
  
 Subject to the provisions of Section 601, the Trustee shall be entitled to rely on the delivery to it of a written notice by a Person representing himself
to be a holder of Senior Indebtedness of the Company (or a trustee therefor) to establish that such notice has been given by a holder of Senior Indebtedness of the Company (or a trustee therefor). In the event that the Trustee determines in good
faith that further evidence is required with respect to the right of any Person as a holder of Senior Indebtedness of the Company to participate in any payment or distribution pursuant to this Article, the Trustee may request such Person to furnish
evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness of the Company held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and any other facts
pertinent to the rights of such Person under this Article, and if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment. 
  

	SECTION 1311.	 	RELIANCE ON JUDICIAL ORDER OR CERTIFICATE OF LIQUIDATING AGENT. 

  
 Upon any payment or distribution of assets of the Company referred to in this Article, the Trustee, subject to the provisions of Section 601, and the
Holders of the Securities shall be entitled to rely upon any order or decree entered by any court of competent jurisdiction in which such Proceeding is pending, or a certificate of the trustee in bankruptcy, receiver, liquidating trustee, custodian,
assignee for the benefit of creditors, agent or other Person making such payment or distribution, delivered to the Trustee or to the Holders of Securities, for the purpose of ascertaining the Persons entitled to participate in such payment or
distribution, the holders of the Senior Indebtedness of the Company and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this
Article. 
  

 61 

	SECTION 1312.	 	TRUSTEE NOT FIDUCIARY FOR HOLDERS OF SENIOR INDEBTEDNESS OF THE COMPANY. 

  
 The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness of the Company and shall not be liable to any such holders
if it shall in good faith mistakenly pay over or distribute to Holders of Securities or to the Company, a Subsidiary Guarantor or to any other Person cash, property or securities to which any holders of Senior Indebtedness of the Company shall be
entitled by virtue of this Article or otherwise. 
  

	SECTION 1313.	 	RIGHTS OF TRUSTEE AS HOLDER OF SENIOR INDEBTEDNESS OF THE COMPANY; PRESERVATION OF TRUSTEE’S RIGHTS. 

  
 The Trustee in its individual capacity shall be entitled to all the rights
set forth in this Article with respect to any Senior Indebtedness of the Company which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness of the Company, and nothing in this Indenture shall deprive the
Trustee of any of its rights as such holder. 
  
 Nothing in this
Article shall apply to claims of, or payments to, the Trustee under or pursuant to Section 607. 
  

	SECTION 1314.	 	ARTICLE APPLICABLE TO PAYING AGENTS. 

  
 In case at any time any Paying Agent other than the Trustee shall have been appointed by the Company and be then acting hereunder, the term
“Trustee” as used in this Article shall in such case (unless the context otherwise requires) be construed as extending to and including such Paying Agent within its meaning as fully for all intents and purposes as if such Paying Agent were
named in this Article in addition to or in place of the Trustee; provided, however, that Section 1313 shall not apply to the Company, any Subsidiary Guarantor or any Affiliate of the Company if it or such Subsidiary Guarantor or Affiliate acts as
Paying Agent. 
  

	SECTION 1315.	 	DEFEASANCE OF THIS ARTICLE THIRTEEN. 

  
 The subordination of the Securities of a series provided by this Article Thirteen is expressly made subject to the provisions for defeasance or covenant
defeasance in Article Fourteen hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such defeasance or covenant defeasance, the Securities of such series then outstanding shall thereupon cease to be subordinated
pursuant to this Article Thirteen. 
  
 ARTICLE FOURTEEN 

 
 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 
  

	SECTION 1401.	 	OPTION TO EFFECT DEFEASANCE OR COVENANT DEFEASANCE. 

  
 The Company may, as its option and at any time, elect to have either Section 1402 or 1403 hereof be applied to all outstanding Securities of a series upon
compliance with the conditions set forth in this Article Fourteen. 
  

 62 

	SECTION 1402.	 	LEGAL DEFEASANCE AND DISCHARGE. 

  
 Upon the Company’s exercise under Section 1401 hereof of the option applicable to this Section 1402, the Company shall, subject to the satisfaction
of the conditions set forth in Section 1404 hereof, be deemed to have been discharged from its obligations with respect to all outstanding Securities of a series on the date the conditions set forth below are satisfied (hereafter, “Legal
Defeasance”) and each Subsidiary Guarantor shall be released from all of its obligations under its Guarantee. For this purpose, Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness
represented by such outstanding series of Securities, which shall thereafter be deemed to be “outstanding” only for the purpose of Section 1405 hereof and the other Sections of this Indenture referred to in (a), (b), (c) and (d) below, and
to have satisfied all its other obligations under such Securities and this Indenture (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following provisions
which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of outstanding Securities to receive solely from the trust fund described in Section 1404 hereof, and as more fully set forth in such Section, payments
in respect of the principal of, premium, if any, or interest and Additional Amounts, if any, on such Securities when such payments are due, (b) the Company’s obligations with respect to such Securities under Section 304, 305, 306 and Sections
1002 and 1003 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 Fourteen. If the Company exercises under Section 1401 hereof the
option applicable to this Section 1402, subject to the satisfaction of the conditions set forth in Section 1404 hereof, payment of the series of Securities affected by such exercise may not be accelerated because of an Event of Default. Subject to
compliance with this Article Fourteen, the Company may exercise its option under this Section 1402, notwithstanding the prior exercise of its option under Section 1403 hereof. 
  

	SECTION 1403.	 	COVENANT DEFEASANCE. 

  
 Upon the Company’s exercise under Section 1401 hereof of the option applicable to this Section 1403, the Company shall, subject to the satisfaction
of the conditions set forth in Section 1404 hereof, be released from its obligations under the covenants provided pursuant to Sections 901(3) or 901(4), with respect to the applicable series of Securities on and after the date the conditions set
forth in Section 1404 hereof are satisfied (hereinafter, “Covenant Defeasance”) and each Subsidiary Guarantor shall be released from all of its obligations under its Guarantee with respect to such covenants in connection with such
outstanding series of Securities and the series of Securities shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in
connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Securities shall not be deemed outstanding for accounting purposes). For this purpose, Covenant
Defeasance means that, with respect to the outstanding series of Securities, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in the covenants provided pursuant to Sections
901(3) or 901(4), 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 an Event of Default under Section 501 hereof, but, except as specified above, the remainder of this Indenture and such series of Securities shall be unaffected thereby. If the Company exercises under Section 1401 hereof the
option applicable to this Section 1403, subject to the satisfaction of the conditions set forth in Section 1404 hereof, payment of the applicable series of Securities may not be accelerated because of certain Events of Default specified in the
applicable indenture supplement. 
  

 63 

	SECTION 1404.	 	CONDITIONS TO LEGAL OR COVENANT DEFEASANCE. 

  
 The Legal Defeasance or the Covenant Defeasance option with respect to a series of Securities may be exercised only if: 
  
 (a) the Company irrevocably deposits in trust (the
“defeasance trust”) with the Trustee money or U.S. Government Obligations for the payment of principal of, premium, if any, and interest on such outstanding Securities to their Stated Maturity or the next date of redemption,
as the case may be; 
  
 (b) the Company delivers
to the Trustee a certificate from a nationally recognized firm of independent certified public accountants expressing their opinion that the payments of principal, premium, if any and interest, when due and without reinvestment on the deposited U.S.
Government Obligations plus any deposited money without investment will provide cash at such times and in such amounts as will be sufficient to pay principal, premium, if any, and interest, if any, when due on all such series of Securities to their
Stated Maturity or the next date of redemption, as the case may be. 
  
 (c) 91 days pass after such deposit is made and during such 91-day period no Event of Default described in Section 501(5) or (6) shall occur with respect to the Company or any other Person making such deposit and be
continuing at the end of the period; 
  
 (d) no
Event of Default has occurred and is continuing on the date of such deposit and after giving effect thereto; 
  
 (e) such deposit does not constitute a default under any other agreement or instrument binding on the Company; 
  
 (f) the Company delivers to the Trustee an Opinion of
Counsel to the effect that the defeasance trust does not constitute, or is qualified as, a regulated investment company under the Investment Company Act of 1940; 
  
 (g) in the case of Legal Defeasance, the Company delivers to the Trustee an Opinion of Counsel stating that:

  
 (i) the Company has received from the
Internal Revenue Service a ruling, or 
  
 (ii)
since the date of this Indenture there has been a change in the applicable Federal income tax law, to the effect, in either case, that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the Securities will not recognize
income, gain or loss for Federal income tax purposes as a result of such Legal Defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same time as would have been the case if such Legal Defeasance had
not occurred; 
  
 (h) in the case of the Covenant
Defeasance option, the Company delivers to the Trustee an Opinion of Counsel to the effect that the Holders of the affected series of Securities will not recognize income, gain or loss for Federal income tax purposes as a result of such Covenant
Defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same time as would have been the case if such Covenant defeasance had not occurred; and 
  

 64 

 (i) the Company delivers to the Trustee an Officer’s Certificate and an Opinion of
Counsel, each stating that all conditions precedent to the Legal Defeasance or Covenant Defeasance have been complied with as required by this Indenture. 
  

	SECTION 1405.	 	DEPOSITED CASH AND U.S. GOVERNMENT OBLIGATIONS TO BE HELD IN TRUST; OTHER MISCELLANEOUS PROVISIONS. 

  
 (a) Subject to Section 1406, all money and U.S. Government
Obligations (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 1405, the “Trustee”) pursuant to Section 1404 hereof in respect of the
outstanding Securities shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as Paying
Agent) as the Trustee may determine, to the Holders of all sums due and to become due thereon in respect of principal, premium, if any, and interest but such cash and securities need not be segregated from other funds except to the extent required
by law. 
  
 (b) The Company shall pay and
indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or U.S. Government Obligations deposited pursuant to Section 1404 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 Securities. 
  
 (c) Anything in this Article Fourteen 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 U.S. Government Obligations held by it as provided in Section 1404 hereof which, in the opinion of a nationally recognized firm of independent certified public accountants of recognized international
standing expressed in a written certification thereof delivered to the Trustee (which may be the certification delivered under Section 1404(b) hereof), 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 1406.	 	REPAYMENT TO COMPANY. 

  
 Any money or U.S. Government Obligations deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the
principal, premium, if any, or interest on any Security and remaining unclaimed for two years after such principal, 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 shall thereafter, as an unsecured creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such cash and securities, 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 cash and securities 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 cash and securities then remaining shall be repaid to the Company. 
  

	SECTION 1407.	 	REINSTATEMENT. 

  
 If the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations in accordance with Section 1402 or 1403 hereof, as the case may
be, by reason of any order or judgment of 

  

 65 

 
any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this
Indenture and such Securities shall be revived and reinstated as though no deposit had occurred pursuant to Section 1402 or 1403 hereof until such time as the Trustee or Paying Agent is permitted to apply all such cash and securities in accordance
with Section 1402 or 1403 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 such Security following the reinstatement of its obligations, the Company
shall be subrogated to the rights of the Holders to receive such payment from the cash and securities held by the Trustee or Paying Agent. 
  
 ARTICLE FIFTEEN 
  
 SUBSIDIARY GUARANTEES 
  

	SECTION 1501.	 	APPLICABILITY OF ARTICLE. 

  
 If the Company elects to issue any series of Securities with the benefit of a Subsidiary Guarantee, the election shall be evidenced in or pursuant to a
Board Resolution or supplemental indenture establishing such series of Securities pursuant to Section 301, the provisions of this Article shall be applicable to each series of Securities except as otherwise specified in or pursuant to the Board
Resolution or supplemental indenture establishing such series pursuant to Section 301. 
  

	SECTION 1502.	 	SUBSIDIARY GUARANTEE. 

  
 If the Company elects to issue any Series of Securities with the benefit of a Subsidiary Guarantee, each Subsidiary Guarantor will jointly and severally,
fully and unconditionally guarantee to each Holder of a Security authenticated and delivered by the Trustee, the due and punctual payment of the principal of (and premium, if any) and interest on such Security when and as the same shall become due
and payable, whether at the Stated Maturity, by acceleration, call for redemption, offer to purchase or otherwise, in accordance with the terms of such Security and of this Indenture, and each Subsidiary Guarantor will similarly guarantee to the
Trustee the payment of all amounts owing to the Trustee in accordance with the terms of this Indenture. In case of the failure of the Company punctually to make any such payment, each Subsidiary Guarantor hereby will jointly and severally agree to
cause such payment to be made punctually when and as the same shall become due and payable, whether at the Stated Maturity or by acceleration, call for redemption, offer to purchase or otherwise, and as if such payment were made by the Company.

  
 Each Subsidiary Guarantors will jointly and severally agree
that its obligations hereunder shall be absolute, unconditional, irrespective of, and shall be unaffected by, the validity, regularity or enforceability of such Security or this Indenture, the absence of any action to enforce the same or any
release, amendment, waiver or indulgence granted to the Company or any guarantor or any consent to departure from any requirement of any other guarantee of all or any of the Securities of such series or any other circumstances which might otherwise
constitute a legal or equitable discharge or defense of a surety or guarantor; PROVIDED HOWEVER that, notwithstanding the foregoing, no such release, amendment, waiver or indulgence shall, without the consent of such Subsidiary Guarantor, increase
the principal amount of such Security, or increase the interest rate thereon, or alter the Stated Maturity thereof. Each of the Subsidiary Guarantors hereby waives the benefits of diligence, presentment, demand for payment, any requirement that the
Trustee or any of the Holders protect, secure, perfect or insure any security interest in or other lien on any property subject thereto or exhaust any right or take any action against the Company or any other Person or any collateral, 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, 

  

 66 

 
protest or notice with respect to such Security or the indebtedness evidenced thereby and all demands whatsoever, and covenants that this Subsidiary
Guarantee will not be discharged in respect of such Security except by complete performance of the obligations contained in such Security and in such Subsidiary Guarantee. Each Subsidiary 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 Securities of a series, to collect interest on the Securities of a
series, or to enforce or exercise any other right or remedy with respect to the Securities of a series, such Subsidiary Guarantor agrees to 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. 
  
 Each Subsidiary Guarantor shall be subrogated to all rights of the Holders of the Securities upon which its Guarantee is endorsed against the Company in
respect of any amounts paid by such Subsidiary Guarantor on account of such Security pursuant to the provisions of its Subsidiary Guarantee or this Indenture; PROVIDED HOWEVER that no Subsidiary Guarantor shall be entitled to enforce or to receive
any payments arising out of, or based upon, such right of subrogation until the principal of (and premium, if any) and interest on all Securities of the relevant series issued hereunder shall have been paid in full. 
  
 Each Subsidiary Guarantor that makes or is required to make any payment in
respect of its Subsidiary Guarantee shall be entitled to seek contribution from the other Subsidiary Guarantors to the extent permitted by applicable law; PROVIDED HOWEVER that no Subsidiary Guarantor shall be entitled to enforce or receive any
payments arising out of, or based upon, such right of contribution until the principal of (and premium, if any) and interest on all Securities of the relevant series issued hereunder shall have been paid in full. 
  
 Each Subsidiary 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 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 Securities of a series, is, pursuant to applicable
law, rescinded or reduced in amount, or must otherwise be restored or returned by any Holder of the Securities, 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 Securities 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. 
  

	SECTION 1503.	 	EXECUTION AND DELIVERY OF SUBSIDIARY GUARANTEES. 

  
 If Subsidiary Guarantees are endorsed on the Securities, such Subsidiary Guarantees shall include the terms of the Subsidiary Guarantee set forth in
Section 1502. If the Company elects to issue any series of Securities with the benefit of a Subsidiary Guarantee, each of the Subsidiary Guarantors hereby agrees to execute its Subsidiary Guarantee, to be endorsed on each Security authenticated and
delivered by the Trustee. 
  
 If the Company elects to issue any
Series of Securities with the benefit of a Subsidiary Guarantee, the Subsidiary Guarantee shall be executed on behalf of each respective Subsidiary Guarantor by any of such Subsidiary Guarantor’s Chairman of the Board, Vice Chairman of the
Board, Chief 

  

 67 

 
Executive Officer, President or one of its Vice Presidents. The signature of any of these persons on the Subsidiary Guarantee may be manual or facsimile.

  
 A Subsidiary Guarantee bearing the manual or facsimile
signature of individuals who were at any time the proper officers of a Subsidiary Guarantor shall bind such Subsidiary Guarantor, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and
delivery of the Security on which such Subsidiary Guarantee is endorsed or did not hold such offices at the date of such Subsidiary Guarantee. 
  
 The delivery of any Security by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Subsidiary Guarantee
endorsed thereon on behalf of the Subsidiary Guarantors and shall bind each Subsidiary Guarantor notwithstanding the fact that Subsidiary Guarantee does not bear the signature of such Subsidiary Guarantor. Each of the Subsidiary Guarantors hereby
jointly and severally agrees that its Subsidiary Guarantee set forth in Section 1502 shall remain in full force and effect notwithstanding any failure to endorse a Subsidiary Guarantee on any Security. 
  

	SECTION 1504.	 	RELEASE OF SUBSIDIARY GUARANTORS. 

  
 Unless otherwise specified pursuant to Section 301 with respect to a series of Securities, each Subsidiary Guarantee will remain in effect with respect to
the respective Subsidiary Guarantor until the entire principal of, premium, if any, and interest on the Securities to which such Subsidiary Guarantee relates shall have been paid in full or otherwise discharged in accordance with the provisions of
such Securities and this Indenture and all amounts owing to the Trustee hereunder have been paid; PROVIDED HOWEVER that if (i) such Subsidiary Guarantor ceases to be a Subsidiary in compliance with the applicable provisions of this Indenture or (ii)
all or substantially all of the assets of such Subsidiary Guarantor or all of the Capital Stock of such Subsidiary Guarantor is sold (including by issuance, merger, consolidation or otherwise) by the Company or any Subsidiary in a transaction
complying with the requirements of this Indenture, then, upon delivery by the Company of an Officer’s Certificate and an Opinion of Counsel stating that all conditions precedent herein provided for relating to the release of such Subsidiary
Guarantor from its obligations under its Subsidiary Guarantee and this Article Fifteen have been complied with, such Subsidiary Guarantor or the Person acquiring such assets (in the event of a sale or other disposition of all or substantially all of
the assets of such Subsidiary Guarantor) shall be released and discharged of its obligations under its Subsidiary Guarantee and under this Article Fifteen without any action on the part of the Trustee or any Holder, and the Trustee shall execute any
documents reasonably required in order to acknowledge the release of such Subsidiary Guarantor from its obligations under its Subsidiary Guarantee endorsed on the Securities of a series and under this Article Fifteen. 
  

	SECTION 1505.	 	ADDITIONAL SUBSIDIARY GUARANTORS. 

  
 Unless otherwise specified pursuant to Section 301 with respect to a series of Securities, the Company will cause any Subsidiary of the Company that
becomes a Subsidiary after the date the Securities of a series are first issued hereunder to become a Subsidiary Guarantor as soon as practicable after such Subsidiary becomes a Subsidiary. The Company shall cause any such Subsidiary to become a
Subsidiary Guarantor with respect to the Securities by executing and delivering to the Trustee (a) a supplemental indenture, in form and substance satisfactory to the Trustee, which subjects such Person to the provisions (including the
representations and warranties) of this Indenture as a Subsidiary Guarantor and (b) an Opinion of Counsel to the effect that such supplemental indenture has been duly authorized and executed by such Person and such supplemental indenture and such
Person’s obligations under its Subsidiary Guarantee and this Indenture constitute the legal, valid, binding and enforceable obligations 

  

 68 

 
of such Person (subject to such customary exceptions concerning creditors’ rights and equitable principles as may be acceptable to the Trustee in its
discretion). 
  
 ARTICLE SIXTEEN 
  
 SUBORDINATION OF SUBSIDIARY GUARANTEES 
  

	SECTION 1601.	 	APPLICABILITY OF ARTICLE. 

  
 Unless otherwise provided with respect to the Securities of any series in or pursuant to the Board Resolution or supplemental indenture establishing such
series of Securities pursuant to Section 301, the provisions of this Article shall be applicable to each series of Securities. 
  

	SECTION 1602.	 	SUBSIDIARY GUARANTEES SUBORDINATE TO SENIOR INDEBTEDNESS OF SUBORDINATE GUARANTORS. 

  
 Each Subsidiary Guarantor covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants
and agrees, that, to the extent and in the manner hereinafter set forth in this Article (subject to the provisions of Article Four and Article Fifteen), the Subsidiary Guarantee of such Subsidiary Guarantor is hereby expressly made subordinate and
subject in right of payment to the prior payment in full of all Senior Indebtedness of such Subsidiary Guarantor. 
  
 No provision of this Article Sixteen shall prevent the occurrence of any Event of Default. 
  

	SECTION 1603.	 	PAYMENT OVER OF PROCEEDS UPON DISSOLUTION, ETC. 

  
 In the event of (a) any insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding
in connection therewith, relative to any Subsidiary Guarantor or to its creditors, as such, or to its assets, or (b) any liquidation, dissolution or other winding up of any Subsidiary Guarantor, whether voluntary or involuntary and whether or not
involving insolvency or bankruptcy, or (c) any assignment for the benefit of creditors or any other marshalling of assets and liabilities of any Subsidiary Guarantor, then and in any such event specified in (a), (b) or (c) above (each such event, if
any, herein sometimes referred to as a “Guarantor Proceeding”) the holders of Senior Indebtedness of such Subsidiary Guarantor shall be entitled to receive payment in full of all amounts due or to become due on or in respect of all Senior
Indebtedness of such Subsidiary Guarantor, or provision shall be made for such payment in cash or cash equivalents or otherwise in a manner satisfactory to the holders of Senior Indebtedness of such Subsidiary Guarantor, before the Holders of the
Securities are entitled to receive any payment or distribution of any kind or character, whether in cash, property or securities (including any payment or distribution which may be payable or deliverable by reason of the payment of any other of such
Subsidiary Guarantor subordinated to the payment of the Securities, such payment or distribution being hereinafter referred to as a “Guarantor Junior Subordinated Payment”), on account of the Subsidiary Guarantee of such Subsidiary
Guarantor (all such payments, other than the payment or distribution of stock or securities of a Subsidiary Guarantor referred to in the second succeeding paragraph, herein referred to, individually and collectively, as a “Guarantee
Payment”), and to that end the holders of Senior Indebtedness of such Subsidiary Guarantor shall be entitled to receive, for application to the payment thereof, any Guarantee Payment which may be payable or deliverable in respect of such
Subsidiary Guarantor’s Subsidiary Guarantee in any such Guarantor Proceeding. 
  

 69 

 In the event that, notwithstanding the foregoing provisions of this Section, the Trustee or the Holder of
any Security shall have received any Guarantee Payment before all Senior Indebtedness of such Subsidiary Guarantor is paid in full or payment thereof provided for in cash or cash equivalents or otherwise in a manner satisfactory to the holders of
Senior Indebtedness of such Subsidiary Guarantor, and if such fact shall, at or prior to the time of such Guarantee Payment, have been made known to the Trustee or, as the case may be, such Holder, then and in such event such Guarantee Payment shall
be paid over or delivered forthwith to the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee, agent or other Person making payment or distribution of assets of such Subsidiary Guarantor for application to the payment of all
Senior Indebtedness of such Subsidiary Guarantor remaining unpaid, to the extent necessary to pay all Senior Indebtedness of such Subsidiary Guarantor in full, after giving effect to any concurrent payment or distribution to or for the holders of
Senior Indebtedness of such Subsidiary Guarantor. 
  
 For purposes
of this Article only, the words “any payment or distribution of any kind or character, whether in cash, property or securities” shall not be deemed to include a payment or distribution of stock or securities of a Subsidiary Guarantor
provided for by a plan of reorganization or readjustment authorized by an order or decree of a court of competent jurisdiction in a reorganization proceeding under any applicable bankruptcy law or of any other corporation provided for by such plan
of reorganization or readjustment which stock or securities are subordinated in right of payment to all then outstanding Senior Indebtedness of such Subsidiary Guarantor to substantially the same extent as the Subsidiary Guarantees are so
subordinated as provided in this Article. The consolidation of a Subsidiary Guarantor with, or the merger of a Subsidiary Guarantor into, another Person or the liquidation or dissolution of such Subsidiary Guarantor following the conveyance or
transfer of all or substantially all of its properties and assets as an entirety to another Person upon the terms and conditions set forth in Article Eight shall not be deemed a Guarantor Proceeding for the purposes of this Section if the Person
formed by such consolidation or into which such Subsidiary Guarantor is merged or the Person which acquires by conveyance or transfer such properties and assets as an entirety, as the case may be, shall, as a part of such consolidation, merger,
conveyance or transfer, comply with the conditions set forth in Article Eight. 
  

	SECTION 1604.	 	NO PAYMENT WHEN SENIOR INDEBTEDNESS OF SUCH SUBSIDIARY GUARANTOR IN DEFAULT. 

  

In the event that any Senior Payment Default shall have occurred and be continuing, then no Guarantee Payment shall be made unless and until such
Senior Payment Default shall have been cured or waived or shall have ceased to exist or all amounts then due and payable in respect of the relevant Senior Indebtedness of the Company shall have been paid in full, or provision shall have been made
for such payment in cash or cash equivalents or otherwise in a manner satisfactory to the holders of such Senior Indebtedness. 
  
 In the event that any Senior Nonmonetary Default shall have occurred and be continuing, then, upon the receipt by the Company and the Trustee of written
notice of such Senior Nonmonetary Default from any holder, or agent for the holders, of the Designated Senior Indebtedness which is the subject of such Senior Nonmonetary Default, no Guarantee Payment shall be made during the applicable Payment
Blockage Period. No more than one Payment Blockage Period may be commenced with respect to the Subsidiary Guarantees during any 360-day period and there shall be a period of at least 181 consecutive days in each 360-day period when no Payment
Blockage Period is in effect. For all purposes of this paragraph, no Senior Payment Default or Senior Nonmonetary Default that existed or was continuing on the date of commencement of any Payment Blockage Period shall be, or be made, the basis for
the commencement of a subsequent Payment Blockage Period, whether or not within a period of 360 

  

 70 

 
consecutive days, unless such Senior Payment Default or Senior Nonmonetary Default shall have been cured for a period of not less than 90 consecutive days.

  
 In the event that, notwithstanding the foregoing, a Subsidiary
Guarantor shall make any Guarantee Payment to the Trustee or any Holder prohibited by the foregoing provisions of this Section, and if such fact shall, at or prior to the time of such Guarantee Payment, have been made known to the Trustee or, as the
case may be, such Holder, then and in such event such Guarantee Payment shall be paid over and delivered forthwith to the Company. 
  
 The provisions of this Section shall not apply to any Guarantee Payment with respect to which Section 1603 would be applicable. 
  

	SECTION 1605.	 	PAYMENT PERMITTED IF NO DEFAULT. 

  
 Nothing contained in this Article or elsewhere in this Indenture or in any of the Subsidiary Guarantees shall prevent (a) a Subsidiary Guarantor, at any
time except during the pendency of any Guarantor Proceeding referred to in Section 1403 or under the conditions described in Section 1404, from making Guarantee Payments, or (b) the application by the Trustee of any money deposited with it hereunder
to Guarantee Payments or the retention of such Guarantee Payment by the Holders, if, at the time of such application by the Trustee, it did not have knowledge that such Guarantee Payment would have been prohibited by the provisions of this Article.

  

	SECTION 1606.	 	SUBROGATION TO RIGHTS OF HOLDERS OF SENIOR INDEBTEDNESS OF SUCH SUBSIDIARY GUARANTOR. 

  
 Subject to the payment in full of all amounts due or to become due on or in respect of Senior Indebtedness of a Subsidiary
Guarantor, or the provision for such payment in cash or cash equivalents or otherwise in a manner satisfactory to the holders of Senior Indebtedness of such Subsidiary Guarantor, the Holders of the Securities shall be subrogated to the rights of the
holders of such Senior Indebtedness of such Subsidiary Guarantor to receive payments and distributions of cash, property and securities applicable to the Senior Indebtedness of such Subsidiary Guarantor until the principal of (and premium, if any)
and interest on the Securities shall be paid in full. For purposes of such subrogation, no payments or distributions to the holders of the Senior Indebtedness of a Subsidiary Guarantor of any cash, property or securities to which the Holders of the
Securities or the Trustee would be entitled except for the provisions of this Article, and no payments over pursuant to the provisions of this Article to the holders of Senior Indebtedness of a Subsidiary Guarantor by Holders of the Securities or
the Trustee, shall, as among a Subsidiary Guarantor, its creditors other than holders of Senior Indebtedness of such Subsidiary Guarantor and the Holders of the Securities, be deemed to be a payment or distribution by such Subsidiary Guarantor to or
on account of the Senior Indebtedness of such Subsidiary Guarantor. 
  

	SECTION 1607.	 	PROVISIONS SOLELY TO DEFINE RELATIVE RIGHTS. 

  
 The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders on the one hand and the holders
of Senior Indebtedness of a Subsidiary Guarantor on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Subsidiary Guarantees is intended to or shall (a) impair, as among a Subsidiary Guarantor, its creditors
other than holders of Senior Indebtedness of such Subsidiary Guarantor and the Holders of the Securities, the obligation of such Subsidiary Guarantor, which is absolute and unconditional (and which, subject to the rights under this Article of the
holders of Senior Indebtedness of such Subsidiary Guarantor, is intended to rank equally with all other general obligations of such Subsidiary Guarantor), to guarantee payment to 

  

 71 

 
the Holders of the Securities of the principal of (and premium, if any) and interest on the Securities as and when the same shall become due and payable in
accordance with their terms; or (b) affect the relative rights against a Subsidiary Guarantor of the Holders of the Securities and creditors of such Subsidiary Guarantor other than the holders of Senior Indebtedness of such Subsidiary Guarantor; or
(c) prevent the Trustee or the Holder of any Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness of a
Subsidiary Guarantor to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder. 
  

	SECTION 1608.	 	TRUSTEE TO EFFECTUATE SUBORDINATION. 

  
 Each Holder of a Security by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or
appropriate to effectuate the subordination provided in this Article and appoints the Trustee his attorney-in-fact for any and all such purposes. 
  

	SECTION 1609.	 	NO WAIVER OF SUBORDINATION PROVISIONS. 

  
 No right of any present or future holder of any Senior Indebtedness of a Subsidiary Guarantor to enforce subordination as herein provided shall at any
time in any way be prejudiced or impaired by any act or failure to act on the part of such Subsidiary Guarantor or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by such Subsidiary Guarantor with the terms,
provisions and covenants of this Indenture, regardless of any knowledge thereof any such holder may have or be otherwise charged with. 
  
 Without in any way limiting the generality of the foregoing paragraph, the holders of Senior Indebtedness of a Subsidiary Guarantor may, at any time and
from time to time, without the consent of or notice to the Trustee or the Holders of the Securities, without incurring responsibility to the Holders of the Securities and without impairing or releasing the subordination provided in this Article or
the obligations hereunder of the Holders of the Securities to the holders of Senior Indebtedness of such Subsidiary Guarantor, do any one or more of the following: (i) change the manner, place or terms of payment or extend the time of payment of, or
renew or alter, Senior Indebtedness of such Subsidiary Guarantor, or otherwise amend or supplement in any manner Senior Indebtedness of such Subsidiary Guarantor or any instrument evidencing the same or any agreement under which Senior Indebtedness
of such Subsidiary Guarantor is outstanding; (ii) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Indebtedness of such Subsidiary Guarantor; (iii) release any Person liable in any manner
for the collection of Senior Indebtedness of such Subsidiary Guarantor; and (iv) exercise or refrain from exercising any rights against such Subsidiary Guarantor and any other Person. 
  

	SECTION 1610.	 	NOTICE TO TRUSTEE. 

  
 Each Subsidiary Guarantor shall give prompt written notice to the Trustee of any fact known to such Subsidiary Guarantor which would prohibit the making
of any payment to or by the Trustee in respect of its Subsidiary Guarantee. Notwithstanding the provisions of this Article or any other provision of this Indenture, the Trustee shall not be charged with knowledge of the existence of any facts which
would prohibit the making of any payment to or by the Trustee in respect of the Subsidiary Guarantees, unless and until the Trustee shall have received written notice thereof from a Subsidiary Guarantor or a holder of Senior Indebtedness of such
Subsidiary Guarantor or from any trustee therefor; and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Section 601, shall be entitled in all respects to assume that no such facts exist; PROVIDED HOWEVER
that if the Trustee shall not have received the notice provided for in this Section at least three Business Days prior to the date upon 

  

 72 

 
which by the terms hereof any money may become payable for any purpose (including, without limitation, the payment of the principal of (and premium, if any)
or interest on any Security), then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power and authority to receive such money and to apply the same to the purpose for which such money was received and shall not
be affected by any notice to the contrary which may be received by it within three Business Days prior to such date. 
  
 Subject to the provisions of Section 601, the Trustee shall be entitled to rely on the delivery to it of a written notice by a Person representing himself
to be a holder of Senior Indebtedness of a Subsidiary Guarantor (or a trustee therefor) to establish that such notice has been given by a holder of Senior Indebtedness of such Subsidiary Guarantor (or a trustee therefor). In the event that the
Trustee determines in good faith that further evidence is required with respect to the right of any Person as a holder of Senior Indebtedness of a Subsidiary Guarantor to participate in any payment or distribution pursuant to this Article, the
Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness of such Subsidiary Guarantor held by such Person, the extent to which such Person is entitled to participate in
such payment or distribution and any other facts pertinent to the rights of such Person under this Article, and if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of
such Person to receive such payment. 
  

	SECTION 1611.	 	RELIANCE ON JUDICIAL ORDER OR CERTIFICATE OF LIQUIDATING AGENT. 

  
 Upon any payment or distribution of assets of a Subsidiary Guarantor referred to in this Article, the Trustee, subject to the provisions of Section 601,
and the Holders of the Securities shall be entitled to rely upon any order or decree entered by any court of competent jurisdiction in which such Guarantor Proceeding is pending, or a certificate of the trustee in bankruptcy, receiver, liquidating
trustee, custodian, assignee for the benefit of creditors, agent or other Person making such payment or distribution, delivered to the Trustee or to the Holders of Securities, for the purpose of ascertaining the Persons entitled to participate in
such payment or distribution, the holders of the Senior Indebtedness of such Subsidiary Guarantor and other indebtedness of such Subsidiary Guarantor, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all
other facts pertinent thereto or to this Article. 
  

	SECTION 1612.	 	TRUSTEE NOT FIDUCIARY FOR HOLDERS OF SENIOR INDEBTEDNESS OF SUCH SUBSIDIARY GUARANTOR. 

  
 The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness of a Subsidiary Guarantor
and shall not be liable to any such holders if it shall in good faith mistakenly pay over or distribute to Holders of Securities or to the Company, a Subsidiary Guarantor, or to any other Person cash, property or securities to which any holders of
Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article or otherwise. 
  

	SECTION 1613.	 	RIGHTS OF TRUSTEE AS HOLDER OF SENIOR INDEBTEDNESS OF SUCH SUBSIDIARY GUARANTOR; PRESERVATION OF TRUSTEE’S RIGHTS. 

  
 The Trustee in its individual capacity shall be entitled to all the rights
set forth in this Article with respect to any Senior Indebtedness of a Subsidiary Guarantor which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness of such Subsidiary Guarantor, and nothing 

  

 73 

 
in this Indenture shall deprive the Trustee of any of its rights as such holder. Nothing in this Article shall apply to claims of, or payments to, the
Trustee under or pursuant to Section 607. 
  

	SECTION 1614.	 	ARTICLE APPLICABLE TO PAYING AGENTS. 

  
 In case at any time any Paying Agent other than the Trustee shall have been appointed by the Company and be then acting hereunder, the term
“Trustee” as used in this Article shall in such case (unless the context otherwise requires) be construed as extending to and including such Paying Agent within its meaning as fully for all intents and purposes as if such Paying Agent were
named in this Article in addition to or in place of the Trustee; PROVIDED HOWEVER that Section 1613 shall not apply to the Company, any Subsidiary Guarantor or any Affiliate of the Company if it or such Subsidiary Guarantor or Affiliate acts as
Paying Agent. 
  
 *    
*     * 
  
 This instrument may be executed in
any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
  
 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of the day and year first above
written. 
  

			
	AVIALL, INC.
		
	By:	 	 
	 	 	

	Name:	 	 
	 	 	

	Title:	 	 
	 	 	

  

			
	TRUSTEE
	
	

		
	By:	 	 
	 	 	

	Name:	 	 
	 	 	

	Title:	 	 
	 	 	

  

 74 

			
	 SUBSIDIARY GUARANTORS:

	
	

		
	By:	 	 
	 	 	

	Name:	 	 
	 	 	

	Title:	 	 
	 	 	

  

			
	
	

		
	By:	 	 
	 	 	

	Name:	 	 
	 	 	

	Title:	 	 
	 	 	

  

 75Securities Purchase Agreement

 Exhibit 4.1 
  

SECURITIES PURCHASE AGREEMENT 
  
 SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of February 24, 2004, by and among BUCA, Inc., a Minnesota corporation
with headquarters located at 1300 Nicollet Mall, Suite 5003, Minneapolis, Minnesota 55403 (the “Company”), and the investors listed on the Schedule of Investors attached hereto as Exhibit A (individually, an
“Investor” and collectively, the “Investors”). 
  
 WHEREAS: 
  
 A. The
Company and each Investor is executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506
of Regulation D (“Regulation D”) as promulgated by the United States Securities and Exchange Commission (the “Commission”) under the Securities Act. 
  
 B. Each Investor, severally and not jointly, wishes to purchase, and the Company wishes to sell, upon the terms and
conditions stated in this Agreement, that aggregate number of shares of the Common Stock, par value $.01 per share, of the Company (the “Common Stock”), set forth opposite such Investor’s name in column two (2) on the Schedule
of Investors in Exhibit A (which aggregate amount for all Investors together shall be 3,300,000 shares of Common Stock and shall collectively be referred to herein as the “Common Shares”). 
  
 C. The Common Shares issued pursuant to this Agreement are collectively are
referred to herein as the “Securities.” 
  
 NOW,
THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration the receipt and adequacy of which are hereby acknowledged, the Company and the Investors agree as follows: 
  
 ARTICLE I 
 DEFINITIONS 
  
 1.1 Definitions. In addition to the terms defined elsewhere in this Agreement, the following terms have the meanings indicated: 
  
 “8-K Filing” has the meaning set forth in Section 4.5. 
  
 “Advice” has the meaning set forth in Section 6.5. 

 “Affiliate” means any Person that, directly or indirectly through one or more
intermediaries, controls or is controlled by or is under common control with a Person, as such terms are used in and construed under Rule 144 under the Securities Act. 
  
 “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in the City
of New York, New York or the city of Minneapolis, Minnesota are authorized or required by law to remain closed. 
  
 “Closing” means the closing of the purchase and sale of the Securities pursuant to Section 2.1. 
  
 “Closing Date” means the date and time of the Closing and
shall be 10:00 a.m., New York City Time, on February 26, 2004 (or such other date and time as is mutually agreed to by the Company and each Investor). 
  
 “Commission” has the meaning set forth in the preamble hereto. 
  
 “Common Shares” means an aggregate of 3,300,000 shares of Common Stock, which are being issued and sold by
the Company to the Investors at the Closing. 
  
 “Common
Stock” means the common stock of the Company, par value $0.01 per share. 
  
 “Company Counsel” means Faegre & Benson LLP, counsel to the Company. 
  
 “Convertible Securities” means any stock or securities (other than Options) convertible into or exercisable or exchangeable for Common
Stock. 
  
 “Credit Agreement” has the meaning set
forth in Section 3.1(a). 
  
 “Disclosure
Materials” has the meaning set forth in Section 3.1(g). 
  
 “Effective Date” means the date that the Registration Statement is first declared effective by the Commission. 
  
 “Effectiveness Period” has the meaning set forth in Section 6.1. 
  
 “Eligible Market” means any of the New York Stock Exchange, the American Stock Exchange, the NASDAQ
National Market or the NASDAQ SmallCap Market. 
  
 “Event” has the meaning set forth in Section 6.1. 
  
 “Event Payments” has the meaning set forth in Section 6.1. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
  
 “Excluded Events” has the meaning set forth in Section 6.1. 
  

 -2- 

 “Filing Date” means March 29, 2004. 
  
 “Indemnified Party” has the meaning set forth in Section
6.4. 
  
 “Indemnifying Party” has the meaning
set forth in Section 6.4. 
  
 “Intellectual
Property Rights” has the meaning set forth in Section 3.1. 
  
 “Lead Investor” means Smithfield Fiduciary LLC. 
  
 “Lead Investor Counsel” means Schulte Roth & Zabel LLP, counsel to the Lead Investor. 
  
 “Lien” means any lien, charge, claim, security interest,
encumbrance, right of first refusal or other restriction. 
  
 “Losses” means any and all losses, claims, damages, liabilities, settlement costs and expenses, including, without limitation, costs of preparation and reasonable attorneys’ fees. 
  
 “Material Adverse Effect” has the meaning set forth in
Section 3.1. 
  
 “Material Permits” has
the meaning set forth in Section 3.1. 
  
 “Options” means any rights, warrants or options to subscribe for or purchase Common Stock or Convertible Securities. 
  
 “Person” means any individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited
liability company, or joint stock company.  
  
 “Proceeding” means an action, claim, suit, investigation or proceeding (including, without limitation, an investigation or partial proceeding, such as a deposition), whether commenced or threatened in writing. 

  
 “Prospectus” means the prospectus included in
the Registration Statement (including, without limitation, a prospectus that includes any information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated under the
Securities Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Registrable Securities covered by the Registration Statement, and all other amendments and supplements to the
Prospectus including post effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such Prospectus. 
  
 “Registrable Securities” means any Common Stock issued or issuable pursuant to the Transaction Documents, together with any securities
issued or issuable upon any stock split, dividend or other distribution, recapitalization or similar event with respect to the foregoing. 
  

 -3- 

 “Registration Statement” means each registration statement required to be filed under
Article VI, including (in each case) the Prospectus, amendments and supplements to such registration statement or Prospectus, including pre- and post-effective amendments, all exhibits thereto, and all material incorporated by reference or deemed to
be incorporated by reference in such registration statement. 
  
 “Related Person” has the meaning set forth in Section 4.6. 
  
 “Required Effectiveness Date” means May 26, 2004 or, if the Registration Statement is subject to a full review by the Commission, June 25, 2004. 
  
 “Rule 144,” “Rule 415,” and “Rule
424” means Rule 144, Rule 415 and Rule 424, respectively, promulgated by the Commission pursuant to the Securities Act, as such Rules may be amended from time to time, or any similar rule or regulation hereafter adopted by the Commission
having substantially the same effect as such Rule. 
  
 “SEC Reports” has the meaning set forth in Section 3.1. 
  
 “Securities” means the Common Shares. 
  
 “Securities Act” has the meaning set forth in the preamble hereto. 
  
 “Shares” means shares of the Company’s Common Stock. 
  
 “Subsidiary” means any “Significant Subsidiary” of the Company as such term is defined in
Regulation S-X. 
  
 “Trading Day” means (a) any
day on which the Common Stock is listed or quoted and traded on its primary Trading Market, or (b) if the Common Stock is not then listed or quoted and traded on any Trading Market, then any Business Day. 
  
 “Trading Market” means the Nasdaq National Market or any
other Eligible Market, or any national securities exchange, market or trading or quotation facility on which the Common Stock is then listed or quoted. 
  
 “Transaction Documents” means this Agreement, the schedules and exhibits attached hereto, and the Transfer Agent Instructions.

  
 “Transfer Agent” means Wells Fargo Bank,
N.A., or any successor transfer agent for the Company. 
  
 “Transfer Agent Instructions” means, with respect to the Company, the Irrevocable Transfer Agent Instructions, in the form of Exhibit E, executed by the Company and delivered to and acknowledged in writing by the
Transfer Agent 
  

 -4- 

 ARTICLE II 
 PURCHASE AND SALE 
  
 2.1
Closing. Subject to the terms and conditions set forth in this Agreement, at the Closing the Company shall issue and sell to each Investor, and each Investor shall, severally and not jointly, purchase from the Company, such number of Common
Shares set forth opposite such Investor’s name on Exhibit A hereto under the headings “Common Shares.” The date and time of the Closing and shall be 10:00 a.m., New York City Time, on the Closing Date. The Closing shall take
place at the offices of Lead Investor Counsel or at such other location or time as the parties may agree. 
  
 2.2 Closing Deliveries. 
  
 (a) At the Closing, the Company shall deliver or cause to be delivered to each Investor the following: 
  
 (i) one or more stock certificates, free and clear of all restrictive and
other legends (except as expressly provided in Section 4.1(b) hereof, evidencing such number of Company Shares equal to the number of Shares set forth opposite such Investor’s name on Exhibit A hereto under the heading
“Common Shares,” registered in the name of such Investor; 
  
 (ii) a legal opinion of Company Counsel, covering the matters identified in Exhibit C in a manner reasonably satisfactory to the Investors, executed by such counsel and addressed to the Investors; and 
  
 (iii) duly executed Transfer Agent Instructions acknowledged by the Transfer
Agent. 
  
 (b) At the Closing, each Investor shall deliver or
cause to be delivered to the Company the purchase price set forth opposite such Investor’s name on Exhibit A hereto under the heading “Purchase Price” in United States dollars and in immediately available funds, by wire
transfer to an account designated in writing to such Investor by the Company for such purpose. 
  
 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES 
  
 3.1 Representations and Warranties of the Company. The Company hereby represents and warrants to the Investors as
follows (which representations and warranties shall be deemed to apply, where appropriate, to each subsidiary of the Company): 
  
 (a) Subsidiaries. The Company has no direct or indirect Subsidiaries other than those listed in Schedule 3.1(a) hereto. Except as disclosed
in Schedule 3.1(a) hereto, the Company owns, directly or indirectly, all of the capital stock or comparable equity interests of each Subsidiary free and clear of any Lien, other than a pledge of all such equity interests to the Company’s
lenders pursuant to that certain Revolving Credit and Term Loan Agreement, dated as of September 30, 2002, by and among the Company and the Guarantors and the Lenders named therein, as amended 
  

 -5- 

 on November 4, 2003 (the “Credit Agreement”). All the issued and outstanding shares of capital stock or
comparable equity interest of each Subsidiary are validly issued and are fully paid, non-assessable and free of preemptive and similar rights. 
  
 (b) Organization and Qualification. Each of the Company and the Subsidiaries is an entity duly incorporated or organized, validly existing and in
good standing under the laws of the jurisdiction of its incorporation or organization (as applicable), with the requisite legal authority to own and use its properties and assets and to carry on its business as currently conducted. Neither the
Company nor any Subsidiary is in violation of any of the provisions of its respective certificate or articles of incorporation, bylaws or other organizational or charter documents. Each of the Company and the Subsidiaries is duly qualified to do
business and is in good standing as a foreign corporation or other entity in each jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, except where the failure to be so qualified or
in good standing, as the case may be, could not reasonably be expected to, individually or in the aggregate, (i) materially and adversely affect the legality, validity or enforceability of any Transaction Document, (ii) have or result in a material
adverse effect on the results of operations, assets, business or financial condition of the Company and the Subsidiaries, taken as a whole on a consolidated basis, or (iii) materially and adversely impair the Company’s ability to perform fully
on a timely basis its obligations under any of the Transaction Documents (any of (i), (ii) or (iii), a “Material Adverse Effect”). 
  
 (c) Authorization; Enforcement. The Company has the requisite corporate authority to enter into and to consummate the transactions contemplated by
each of the Transaction Documents to which it is a party and otherwise to carry out its obligations hereunder and thereunder. The execution and delivery of each of the Transaction Documents to which it is a party by the Company and the consummation
by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary action on the part of the Company and no further consent or action is required by the Company, its Board of Directors or its shareholders. Each of
the Transaction Documents to which it is a party has been (or upon delivery will be) duly executed by the Company and is, or when delivered in accordance with the terms hereof, will constitute, the valid and binding obligation of the Company
enforceable against the Company in accordance with its terms, except as may be limited by (i) applicable bankruptcy, insolvency, reorganization or other laws of general application relating to or affecting the enforcement of creditors rights
generally, and (ii) the effect of rules of law governing the availability of specific performance and other equitable remedies. 
  
 (d) No Conflicts. The execution, delivery and performance of the Transaction Documents to which it is a party by the Company and the consummation
by the Company of the transactions contemplated hereby and thereby do not, and will not, (i) conflict with or violate any provision of the Company’s or any Subsidiary’s certificate or articles of incorporation, bylaws or other
organizational or charter documents, (ii) conflict with, or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or
cancellation (with or without notice, lapse of time or both) of, any agreement, credit facility, debt or other instrument (evidencing a Company or Subsidiary 
  

 -6- 

 debt or otherwise) or other understanding to which the Company or any Subsidiary is a party or by which any property or
asset of the Company or any Subsidiary is bound, or affected, except to the extent that such conflict, default, termination, amendment, acceleration or cancellation right could not reasonably be expected to have a Material Adverse Effect, or (iii)
result in a violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental authority to which the Company or a Subsidiary is subject (including federal and state securities laws and
regulations and the rules and regulations of any self-regulatory organization to which the Company or its securities are subject), or by which any property or asset of the Company or a Subsidiary is bound or affected, except to the extent that such
violation could not reasonably be expected to have a Material Adverse Effect. 
  
 (e) Issuance of the Securities. The Securities are duly authorized and, when issued and paid for in accordance with the Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free
and clear of all Liens (except for restrictions under applicable securities laws) and shall not be subject to preemptive or similar rights of shareholders. 
  
 (f) Capitalization. The aggregate number of shares and type of all authorized, issued and outstanding classes of capital stock, options and other
securities of the Company (whether or not presently convertible into or exercisable or exchangeable for shares of capital stock of the Company) is set forth in Schedule 3.1(f) hereto. All outstanding shares of capital stock are duly
authorized, validly issued, fully paid and nonassessable and have been issued in compliance with all applicable securities laws. Except as disclosed in Schedule 3.1(f) hereto, the Company has not issued any other options, warrants, script
rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities, rights or obligations convertible into or exercisable or exchangeable for, or entered into any agreement giving any Person any right to subscribe
for or acquire, any shares of Common Stock, or securities or rights convertible or exchangeable into shares of Common Stock. Except as set forth on Schedule 3.1(f) hereto, and except for customary adjustments as a result of stock dividends,
stock splits, combinations of shares, reorganizations, recapitalizations, reclassifications or other similar events, there are no anti-dilution or price adjustment provisions contained in any security issued by the Company (or in any agreement
providing rights to security holders) and the issuance and sale of the Securities will not obligate the Company to issue shares of Common Stock or other securities to any Person (other than the Investors) and will not result in a right of any holder
of securities to adjust the exercise, conversion, exchange or reset price under such securities. To the knowledge of the Company, except as specifically disclosed in the SEC Reports or in any Schedule 13G or Schedule 13G/A filed by any Person
reporting its beneficial ownership of shares of the Company’s Common Stock, no Person or group of related Persons beneficially owns (as determined pursuant to Rule 13d-3 under the Exchange Act), or has the right to acquire, by agreement with or
by obligation binding upon the Company, beneficial ownership of in excess of 5% of the outstanding Common Stock, ignoring for such purposes any limitation on the number of shares of Common Stock that may be owned at any single time. 
  
 (g) SEC Reports; Financial Statements. The Company has filed all
reports required to be filed by it under the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof, for the twelve months preceding the date hereof (the foregoing materials (together with any materials filed 
  

 -7- 

 by the Company under the Exchange Act, whether or not required, including the Company’s Current Report on Form 8-K
furnished to the Commission on February 9, 2004) being collectively referred to herein as the “SEC Reports” and, together with this Agreement and the Schedules to this Agreement, the “Disclosure Materials”) on a
timely basis or has received a valid extension of such time of filing and has filed any such SEC Reports prior to the expiration of any such extension. As of their respective dates, the SEC Reports complied in all material respects with the
requirements of the Securities Act and the Exchange Act and the rules and regulations of the Commission promulgated thereunder, and none of the SEC Reports, when filed, contained any untrue statement of a material fact or omitted to state a material
fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. As of their respective dates, the financial statements of the Company included in
the SEC Reports comply in all material respects with applicable accounting requirements and the rules and regulations of the Commission with respect thereto as in effect at the time of filing. Such financial statements have been prepared in
accordance with United States generally accepted accounting principles applied on a consistent basis during the periods involved (“GAAP”), except as may be otherwise specified in such financial statements or the notes thereto, and
fairly present in all material respects the financial position of the Company and its consolidated subsidiaries as of and for the dates thereof and the results of operations and cash flows for the periods then ended, subject, in the case of
unaudited statements, to normal, year-end audit adjustments. Except as set forth in Schedule 3.1(g), the Company is not required to file any agreement, note, lease, mortgage, deed or other instrument entered into prior to the date hereof and
to which the Company is a party or by which the Company is bound which has not been previously filed as an exhibit to its filings with the Commission under the Exchange Act. 
  
 (h) Material Changes. Since the date of the latest audited financial statements included within the SEC Reports,
except as specifically disclosed in the SEC Reports or in Schedule 3.1(h) hereto, (i) there has been no event, occurrence or development in the Company’s business that, individually or in the aggregate, has had or that could reasonably
be expected to result in a Material Adverse Effect, (ii) the Company has not incurred any material liabilities other than (A) trade payables and accrued expenses incurred in the ordinary course of business consistent with past practice and (B)
liabilities not required to be reflected in the Company’s financial statements pursuant to GAAP or required to be disclosed in filings made with the Commission, (iii) the Company has not altered its method of accounting or the identity of its
auditors, except as disclosed in its SEC Reports, (iv) the Company has not declared or made any dividend or distribution of cash or other property to its shareholders, in their capacities as such, or purchased, redeemed or made any agreements to
purchase or redeem any shares of its capital stock (except for repurchases by the Company of shares of capital stock held by employees, officers, directors, or consultants pursuant to an option of the Company to repurchase such shares upon the
termination of employment or services), and (v) the Company has not issued any equity securities to any officer, director or Affiliate, except pursuant to existing Company stock-based plans. 
  
 (i) Absence of Litigation. Except as disclosed in the Company’s
SEC Reports, there is no action, suit, claim, or proceeding, or, to the Company’s knowledge, inquiry or investigation, before or by any court, public board, government agency, self-regulatory organization or body 
  

 -8- 

 pending or, to the knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries that
could reasonably be expected to, individually or in the aggregate, have a Material Adverse Effect. 
  
 (j) Compliance. Except as set forth in Schedule 3.1(j) hereto, neither the Company nor any Subsidiary, except in each case as could not,
individually or in the aggregate, reasonably be expected to have or result in a Material Adverse Effect, (i) is in default under or in violation of (and no event has occurred that has not been waived that, with notice or lapse of time or both, would
result in a default by the Company or any Subsidiary under), nor has the Company or any Subsidiary received written notice of a claim that it is in default under or that it is in violation of, any indenture, loan or credit agreement or any other
agreement or instrument to which it is a party or by which it or any of its properties is bound (whether or not such default or violation has been waived), (ii) is in violation of any order of any court, arbitrator or governmental body, or (iii) is
or has been in violation of any statute, rule or regulation of any governmental authority. 
  
 (k) Title to Assets. The Company and the Subsidiaries have good and marketable title in fee simple to all real property owned by them that is material to the business of the Company and the Subsidiaries and
good and marketable title in all personal property owned by them that is material to the business of the Company and the Subsidiaries, in each case free and clear of all Liens, except for (i) Liens that do not, individually or in the aggregate, have
or result in a Material Adverse Effect and (ii) first priority mortgages on all real property owned by the Company and the Subsidiaries granted to the Lenders named in the Credit Agreement. Any real property and facilities held under lease by the
Company and the Subsidiaries are held by them under valid, subsisting and enforceable leases of which the Company and the Subsidiaries are in material compliance. 
  
 (l) No General Solicitation; Placement Agent’s Fees. Neither the Company, nor any of its affiliates, nor any
Person acting on its or their behalf, has engaged in any form of general solicitation or general advertising (within the meaning of Regulation D) in connection with the offer or sale of the Securities. The Company shall be responsible for the
payment of any placement agent’s fees, financial advisory fees, or brokers’ commissions (other than for persons engaged by any Investor or its investment advisor) relating to or arising out of the issuance of the Securities pursuant to
this Agreement. The Company shall pay, and hold each Investor harmless against, any liability, loss or expense (including, without limitation, reasonable attorney’s fees and out-of-pocket expenses) arising in connection with any such claim for
fees arising out of the issuance of the Securities pursuant to this Agreement. The Company acknowledges that it has engaged Banc of America Securities LLC as placement agent (the “Agent”) in connection with the sale of the
Securities. Other than the Agent, the Company has not engaged any placement agent or other agent in connection with the sale of the Securities. 
  
 (m) Private Placement. Neither the Company nor any Person acting on the Company’s behalf and with its authorization has sold or offered to
sell or solicited any offer to buy the Securities by means of any form of general solicitation or advertising. Neither the Company nor any of its Affiliates nor any Person acting on the Company’s behalf and with its authorization has, directly
or indirectly, at any time within the past six months, made any offer or sale of any security 
  

 -9- 

 or solicitation of any offer to buy any security under circumstances that would (i) eliminate the availability of the
exemption from registration under Regulation D under the Securities Act in connection with the offer and sale by the Company of the Securities as contemplated hereby or (ii) cause the offering of the Securities pursuant to the Transaction Documents
to be integrated with prior offerings by the Company for purposes of any applicable law, regulation or shareholder approval provisions, including, without limitation, under the rules and regulations of any Trading Market. The Company is not required
to be registered as, and is not an Affiliate of, an “investment company” within the meaning of the Investment Company Act of 1940, as amended. The Company is not required to be registered as, a United States real property holding
corporation within the meaning of the Foreign Investment in Real Property Tax Act of 1980. 
  
 (n) Form S-3 Eligibility. The Company is eligible to register the Common Shares for resale by the Investors using Form S-3 promulgated under the Securities Act. 
  
 (o) Listing and Maintenance Requirements. The Company has not, in the
twelve months preceding the date hereof, received notice (written or oral) from any Trading Market on which the Common Stock is or has been listed or quoted to the effect that the Company is not in compliance with the listing or maintenance
requirements of such Trading Market. The Company is in compliance with all such listing and maintenance requirements. 
  
 (p) Registration Rights. Except as described in Schedule 3.1(p), the Company has not granted or agreed to grant to any Person any rights
(including “piggy-back” registration rights) to have any securities of the Company registered with the Commission or any other governmental authority that have not been satisfied or waived. 
  
 (q) Application of Takeover Protections. There is no control share
acquisition, business combination, poison pill (including any distribution under a rights agreement) or other similar anti-takeover provision under the Company’s charter documents or the laws of its state of incorporation that is or could
become applicable to any of the Investors as a result of the Investors and the Company fulfilling their obligations or exercising their rights under the Transaction Documents, including, without limitation, as a result of the Company’s issuance
of the Securities and the Investors’ ownership of the Securities. 
  
 (r) Disclosure. Except for any information to be publicly disclosed by the Company concurrently with the press release to be issued in accordance with Section 4.5 hereof, the Company confirms that neither it nor any officers,
directors or Affiliates, has provided any of the Investors or their agents or counsel with any information that constitutes or might constitute material, nonpublic information (other than the existence and terms of the issuance of Securities, as
contemplated by this Agreement). The Company understands and confirms that each of the Investors will rely on the foregoing representations in effecting transactions in securities of the Company. All disclosure provided by the Company to the
Investors regarding the Company, its business and the transactions contemplated hereby, including the Schedules to this Agreement, furnished by or on the behalf of the Company are true and correct in all material respects and do not contain any
untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made 
  

 -10- 

 therein, in the light of the circumstances under which they were made, not misleading. To the Company’s knowledge,
no event or circumstance has occurred or information exists with respect to the Company or any of its Subsidiaries or its or their business, properties, operations or financial conditions, which, under applicable law, rule or regulation, requires
public disclosure or announcement by the Company but which has not been so publicly announced or disclosed. The Company acknowledges and agrees that no Investor makes or has made any representations or warranties with respect to the transactions
contemplated hereby other than those specifically set forth in the Transaction Documents. 
  
 (s) Acknowledgment Regarding Investors’ Purchase of Securities. Based upon the assumption that the transactions contemplated by this Agreement are consummated in all material respects in conformity with
the Transaction Documents, the Company acknowledges and agrees that each of the Investors is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated hereby and
thereby. The Company further acknowledges that no Investor is acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to this Agreement and the transactions contemplated hereby and any advice given by any
Investor or any of their respective representatives or agents in connection with the Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to the Investors’ purchase of the Securities. The Company
further represents to each Investor that the Company’s decision to enter into this Agreement has been based solely on the independent evaluation of the transactions contemplated hereby by the Company and its representatives. 
  
 (t) Patents and Trademarks. The Company and the Subsidiaries have, or
have rights to use, all patents, patent applications, trademarks, trademark applications, service marks, trade names, copyrights, licenses and other similar rights that are necessary or material for use in connection with their respective businesses
as described in the SEC Reports and which the failure to so have does not have a Material Adverse Effect (collectively, the “Intellectual Property Rights”). Neither the Company nor any Subsidiary has received a written notice that
the Intellectual Property Rights used by the Company or any Subsidiary violates or infringes upon the rights of any Person, except for matters which could not reasonably be expected to have a Material Adverse Effect. To the knowledge of the Company,
all such Intellectual Property Rights are enforceable and there is no existing infringement by another Person of any of the Intellectual Property Rights, except for matters which could not reasonably be expected to have a Material Adverse Effect.

  
 (u) Insurance. The Company and the Subsidiaries are
insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses and location in which the Company and the Subsidiaries are engaged. Neither the Company nor
any Subsidiary has any knowledge that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a
significant increase in cost. 
  

 -11- 

 (v) Regulatory Permits. The Company and the Subsidiaries possess all certificates, authorizations
and permits issued by the appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses as described in the SEC Reports, except where the failure to possess such permits does not, individually
or in the aggregate, have or result in a Material Adverse Effect (“Material Permits”), and neither the Company nor any Subsidiary has received any written notice of proceedings relating to the revocation or modification of any
Material Permit. 
  
 (w) Transactions With Affiliates and
Employees. Except as set forth or incorporated by reference in the Company’s Annual Report on Form 10-K for the year ended December 29, 2002, none of the officers, directors or employees of the Company is presently a party to any
transaction that would be required to be reported on Form 10-K with the Company or any of its Subsidiaries (other than for ordinary course services as employees, officers or directors), including any contract, agreement or other arrangement
providing for the furnishing of services to or by, providing for rental of real or personal property to or from, or otherwise requiring payments to or from any such officer, director or employee or, to the Company’s knowledge, any corporation,
partnership, trust or other entity in which any such officer, director, or employee has a substantial interest or is an officer, director, trustee or partner. 
  

(x) Internal Accounting Controls. The Company and the Subsidiaries maintain a system of internal accounting controls sufficient to provide
reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally
accepted accounting principles and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management’s general or specific authorization, and (iv) the recorded accountability for assets is compared with
the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. 
  
 (y) Sarbanes-Oxley Act. The Company is in compliance with applicable requirements of the Sarbanes-Oxley Act of 2002 and applicable rules and
regulations promulgated by the Commission thereunder, except where such noncompliance would not have, individually or in the aggregate, a Material Adverse Effect. 
  
 3.2 Representations and Warranties of the Investors. Each Investor hereby, as to itself only and for no other
Investor, represents and warrants to the Company as follows: 
  
 (a) Organization; Authority. Such Investor is an entity duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization with the requisite power and authority to enter into and to
consummate the transactions contemplated by the Transaction Documents and otherwise to carry out its obligations hereunder and thereunder. The purchase by such Investor of the Securities hereunder has been duly authorized by all necessary action on
the part of such Investor. This Agreement has been duly executed and delivered by such Investor and constitutes the valid and binding obligation of such Investor, enforceable against it in accordance with its terms, except as may be limited by (i)
applicable bankruptcy, insolvency, 
  

 -12- 

 reorganization or other laws of general application relating to or affecting the enforcement of creditors rights
generally, and (ii) the effect of rules of law governing the availability of specific performance and other equitable remedies. 
  
 (b) No Public Sale or Distribution; Investment Intent. Such Investor is (i) acquiring the Common Shares in the ordinary course of business for its
own account and not with a view towards, or for resale in connection with, the public sale or distribution thereof, except pursuant to sales registered under the Securities Act or under an exemption from such registration and in compliance with
applicable federal and state securities laws, and such Investor does not have a present arrangement to effect any distribution of the Securities to or through any person or entity; provided, however, that by making the representations
herein, such Investor does not agree to hold any of the Securities for any minimum or other specific term and reserves the right to dispose of the Securities at any time in accordance with or pursuant to a registration statement or an exemption
under the Securities Act. 
  
 (c) Investor Status. At the
time such Investor was offered the Securities, it was, and at the date hereof it is, an “accredited investor” as defined in Rule 501(a) under the Securities Act. Such Investor has not been formed solely for the purpose of acquiring the
Securities. 
  
 (d) Experience of such Investor. Such
Investor, either alone or together with its representatives has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities,
and has so evaluated the merits and risks of such investment. Such Investor is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment. 
  
 (e) Access to Information. Such Investor acknowledges that it has
reviewed the Disclosure Materials and has been afforded: (i) the opportunity to ask such questions as it has deemed necessary of, and to receive answers from, representatives of the Company concerning the terms and conditions of the offering of the
Securities and the merits and risks of investing in the Securities; (ii) access to information (other than material non-public information) about the Company and the Subsidiaries and their respective financial condition, results of operations,
business, properties, management and prospects sufficient to enable it to evaluate its investment; and (iii) the opportunity to obtain such additional information that the Company possesses or can acquire without unreasonable effort or expense that
is necessary to make an informed investment decision with respect to the investment. Neither such inquiries nor any other investigation conducted by or on behalf of such Investor or its representatives or counsel shall modify, amend or affect such
Investor’s right to rely on the truth, accuracy and completeness of the Disclosure Materials and the Company’s representations and warranties contained in the Transaction Documents. 
  
 (f) No Governmental Review. Such Investor understands that no United
States federal or state agency or any other government or governmental agency has passed on or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities nor have such authorities
passed upon or endorsed the merits of the offering of the Securities. 
  

 -13- 

 (g) No Conflicts. The execution, delivery and performance by such Investor of this Agreement and
the consummation by such Investor of the transactions contemplated hereby will not (i) result in a violation of the organizational documents of such Investor or (ii) conflict with, or constitute a default (or an event which with notice or lapse of
time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which such Investor is a party, or (iii) result in a violation of any law,
rule, regulation, order, judgment or decree (including federal and state securities laws) applicable to such Investor, except in the case of clauses (ii) and (iii) above, for such that are not material and do not otherwise affect the ability of such
Investor to consummate the transactions contemplated hereby. 
  
 (h) No Legal, Tax or Investment Advice. Such Investor understands that nothing in this Agreement or any other materials presented by or on behalf of the Company to the Investor in connection with the purchase of the Securities
constitutes legal, tax or investment advice. Such Investor has consulted such legal, tax and investment advisors as it, in its sole discretion, has deemed necessary or appropriate in connection with its purchase of the Securities. Such Investor
understands that the Agent has acted solely as the agent of the Company in this placement of the Securities, and that the Agent makes no representation or warranty with regard to the merits of this transaction or as to the accuracy of any
information such Investor may have received in connection therewith. Such Investor acknowledges that he has not relied on any information or advice furnished by or on behalf of the Agent. 
  
 (i) Reliance on Exemptions. Such Investor understands that the Securities are being offered and sold to it in
reliance on specific exemptions from the registration requirements of the federal and state securities laws and that the Company is relying upon the truth and accuracy of, and such Investor’s compliance with, the representations, warranties,
agreements, acknowledgments and understandings of such Investor set forth herein in order to determine the availability of such exemptions and the eligibility of such Investor to acquire the Securities. 
  
 (j) Transfer or Resale. Such Investor understands that except as
otherwise provided in this Agreement, the Securities have not been registered under the Securities Act or any state securities or blue sky laws, and may not be offered for sale, sold, assigned or transferred unless subsequently registered thereunder
or pursuant to an available exemption from such registration. 
  

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 ARTICLE IV 
 OTHER AGREEMENTS OF THE PARTIES 
  
 4.1 Transfer Restrictions. 
  
 (a) The Investors
covenant that the Securities will only be disposed of pursuant to an effective registration statement under, and in compliance with the requirements of, the Securities Act or pursuant to an available exemption from the registration requirements of
the Securities Act, and in compliance with any applicable state securities laws. In connection with any transfer of Securities other than pursuant to an effective registration statement or to the Company, or pursuant to Rule 144(k), except as
otherwise set forth herein, the Company may require the transferor to provide to the Company an opinion of counsel selected by the transferor, the form and substance of which opinion shall be reasonably satisfactory to the Company, to the effect
that such transfer does not require registration under the Securities Act. 
  
 (b) The Investors agree to the imprinting, so long as is required by this Section 4.1(b), of the following legend on any certificate evidencing Securities: 
  
 THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN COMPLIANCE WITH APPLICABLE STATE SECURITIES LAWS OR
BLUE SKY LAWS. 
  
 Certificates evidencing Securities shall not be required to
contain such legend or any other legend (i) after a transfer pursuant to a Registration Statement that is effective under the Securities Act covering the resale of such Securities, (ii) following any sale of such Securities pursuant to Rule 144,
(iii) if such Securities are eligible for sale under Rule 144(k), or (iv) if such legend is not required under applicable requirements of the Securities Act (including controlling judicial interpretations and pronouncements issued by the Staff of
the Commission). The Company shall cause its counsel to issue the legal opinion included in the Transfer Agent Instructions to the Transfer Agent on the Effective Date. Following the Effective Date or at such earlier time as a legend is no longer
required for certain Securities, the Company will no later than three Trading Days following the delivery by an Investor to the Transfer Agent (with a copy to the Company) at the following address of a legended certificate representing such
Securities and an opinion of counsel to the extent required by Section 4.1(a), deliver or cause to be delivered to such Investor a certificate representing such Securities that is free from all restrictive and other legends. The Company may not make
any notation on its records or give instructions to the Transfer Agent that enlarge the restrictions on transfer set forth in this Section. The Transfer Agent shall be contacted at: 
  
 Wells Fargo Bank, N.A. 
 Shareowner Services 
 161 North Concord Exchange 
  

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 South St. Paul, MN 55075 
 Attention: John Baker 
 Phone: (612) 552-6975 
 Fax: (651) 450-4078 
  
 (c) The Company will not object to and shall permit (except as prohibited by
law) an Investor to pledge or grant a security interest in some or all of the Securities in connection with a bona fide margin agreement or other loan or financing arrangement secured by the Securities, and if required under the terms of such
agreement, loan or arrangement, the Company will not object to and shall permit (except as prohibited by law) such Investor to transfer pledged or secured Securities to the pledges or secured parties. Except as required by law, such a pledge or
transfer would not be subject to approval of the Company, no legal opinion of the pledgee, secured party or pledgor shall be required in connection therewith, and no notice shall be required of such pledge. Each Investor acknowledges that the
Company shall not be responsible for any pledges relating to, or the grant of any security interest in, any of the Securities or for any agreement, understanding or arrangement between any Investor and its pledgee or secured party. At the
appropriate Investor’s expense, the Company will execute and deliver such reasonable documentation as a pledgee or secured party of Securities may reasonably request in connection with a pledge or transfer of the Securities, including the
preparation and filing of any required prospectus supplement under Rule 424(b)(3) of the Securities Act or other applicable provision of the Securities Act to appropriately amend the list of Selling Shareholders thereunder. Provided that the Company
is in compliance with the terms of this Section 4.1(c), the Company’s indemnification obligations pursuant to Section 6.4 shall not extend to any Proceeding or Losses arising out of or related to this Section 4.1(c). 
  
 4.2 Furnishing of Information. As long as any Investor owns
Securities, but for a period not exceeding two years from the date hereof, the Company covenants to timely file (or obtain extensions in respect thereof and file within the applicable grace period) all reports required to be filed by the Company
after the date hereof pursuant to the Exchange Act. Upon the reasonable request of any Investor, the Company shall deliver to such Investor a written certification of a duly authorized officer as to whether it has complied with the preceding
sentence. The Company further covenants that it will take such further action as any holder of Securities may reasonably request to satisfy the provisions of this Section 4.2. 
  
 4.3 Integration. The Company shall not, and shall use its reasonable best efforts to ensure that no Affiliate thereof
shall, sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in Section 2 of the Securities Act) that would be integrated with the offer or sale of the Securities in a manner that would require
the registration under the Securities Act of the sale of the Securities to the Investors or that would be integrated with the offer or sale of the Securities for purposes of the rules and regulations of any Trading Market. 
  
 4.4 Reservation of Securities. The Company shall maintain a reserve
from its duly authorized shares of Common Stock for issuance pursuant to the Transaction Documents in such amount as may be required to fulfill its obligations in full under the Transaction Documents. In the event that at any time the then
authorized shares of Common Stock are insufficient for the Company to satisfy its obligations in full under the Transaction Documents, the Company shall promptly take such actions as may be required to increase the number of authorized shares.

  

 -16- 

 4.5 Securities Laws Disclosure; Publicity. The Company shall, on or before 8:30 a.m., New York
time, on the first Trading Day following execution of this Agreement, issue a press release acceptable to the Lead Investor disclosing all material terms of the transactions contemplated hereby. On the Closing Date, the Company shall file a Current
Report on Form 8-K (a copy of which will be provided to the Lead Investor for their review as early as practicable prior to its filing) with the Commission (the “8-K Filing”) describing the material terms of the transactions
contemplated by the Transaction Documents and including as exhibits to such Current Report on Form 8-K this Agreement, in the form required by the Exchange Act. Notwithstanding the foregoing, the Company shall not publicly disclose the name of any
Investor (except as disclosed in the Registration Statement), or include the name of any Investor in any press release without the prior written consent of such Investor. The Company shall not, and shall use its reasonable best efforts to cause each
of its Subsidiaries and its and each of their respective officers, directors, employees and agents not to, provide any Investor with any material nonpublic information regarding the Company or any of its Subsidiaries from and after the issuance of
the above referenced press release without the express written consent of such Investor. 
  
 4.6 Use of Proceeds. The Company intends to use the net proceeds from the sale of the Securities for partial repayment of the term loan under the Credit Agreement and for general corporate purposes. The Company
also may use a portion of the net proceeds, currently intended for general corporate purposes, to acquire or invest in technologies, products or services that complement its business, although the Company has no present plans or commitments and is
not currently engaged in any material negotiations with respect to these types of transactions. Pending these uses, the Company intends to invest the net proceeds from this offering in short-term, interest-bearing, investment-grade securities, or as
otherwise pursuant to the Company’s customary investment policies. 
  
 4.7 Delivery of Prospectus. If a suspension described in Section 6.1(e) is not then in effect, an Investor may sell the Securities under the Registration Statement, provided, that if such delivery is required pursuant to the
Securities Act such Investor arranges for delivery of a current Prospectus to the transferee of such Securities. Upon receipt of a request therefor, the Company will provide an adequate number of current Prospectuses to the Investor. 
  
 4.8 Additional Issuances of Securities. 
  
 (a) For purposes of this Section 4.8, the following definitions shall apply.

  
 (i) “Common Stock
Equivalents” means, collectively, Options and Convertible Securities. 
  
 (ii) “Convertible Securities” means any stock or securities (other than Options) convertible into or exercisable or
exchangeable for Common Stock. 
  

 -17- 

 (iii) “Options” means any rights, warrants or options to subscribe for
or purchase Common Stock or Convertible Securities. 
  
 (iv) “Trading Day” means any day on which the Common Stock is traded on the Trading Market; provided that “Trading Day” shall not include any day on which the Common Stock is scheduled to trade on such exchange or
market for less than 4.5 hours or any day that the Common Stock is suspended from trading during the final hour of trading on such exchange or market (or if such exchange or market does not designate in advance the closing time of trading on such
exchange or market, then during the hour ending at 4:00 p.m., New York City Time). 
  
 (b) From the date hereof until the date that is 30 Trading Days following the Effective Date, the Company will not, directly or indirectly, offer, sell, grant any option to purchase, or otherwise dispose of (or
announce any offer, sale, grant or any option to purchase or other disposition of) any of its or its Subsidiaries’ equity or equity equivalent securities, including without limitation any debt, preferred stock or other instrument or security
that is, at any time during its life and under any circumstances, convertible into or exchangeable or exercisable for Common Stock or Common Stock Equivalents. 
  

(c) The restrictions contained in subsection (b) of this Section 4.8 shall not apply (1) in connection with any employee benefit plan which has been
approved by the Board of Directors of the Company, pursuant to which the Company’s securities may be issued to any employee, officer or director for services provided to the Company or any of its Subsidiaries, or pursuant to the exercise of any
securities of the Company issued thereunder; (2) pursuant to a bona fide firm commitment underwritten public offering with a nationally recognized underwriter which generates gross proceeds to the Company in excess of $30,000,000 (other than an
“at-the-market offering” as defined in Rule 415(a)(4) under the 1933 Act and “equity lines”); (3) upon conversion of any Options or Convertible Securities that are outstanding on the day immediately preceding the Closing Date,
provided, that the terms of such Options or Convertible Securities are not amended, modified or changed on or after the Closing Date; or (4) in connection with any bona fide strategic transaction or acquisition by the Company, whether through
an acquisition for stock or a merger, of any business, assets or technologies the primary purpose of which is not to raise equity capital. 
  
 ARTICLE V 
 CONDITIONS 
  
 5.1 Conditions Precedent to the Obligations of the Investors. The
obligation of each Investor to acquire Securities at the Closing is subject to the satisfaction or waiver by such Investor, at or before the Closing, of each of the following conditions: 
  
 (a) Representations and Warranties. The representations and warranties of the Company contained herein shall be true
and correct in all material respects as of the date when made and as of the Closing as though made on and as of such date; and 
  

 -18- 

 (b) Performance. The Company and each other Investor shall have performed, satisfied and complied
in all material respects with all covenants, agreements and conditions required by the Transaction Documents to be performed, satisfied or complied with by it at or prior to the Closing. 
  
 5.2 Conditions Precedent to the Obligations of the Company. The obligation of the Company to sell the Securities at
the Closing is subject to the satisfaction or waiver by the Company, at or before the Closing, of each of the following conditions: 
  
 (a) Representations and Warranties. The representations and warranties of the Investors contained herein shall be true and correct in all material
respects as of the date when made and as of the Closing Date as though made on and as of such date; and 
  
 (b) Performance. The Investors shall have performed, satisfied and complied in all material respects with all covenants, agreements and conditions
required by the Transaction Documents to be performed, satisfied or complied with by the Investors at or prior to the Closing. 
  
 ARTICLE VI 
 REGISTRATION RIGHTS 
  
 6.1 Shelf Registration. 
  
 (a) As promptly as possible, and in any event on or prior to the Filing
Date, the Company shall prepare and file with the Commission a “Shelf” Registration Statement covering the resale of all Registrable Securities for an offering to be made on a continuous basis pursuant to Rule 415. The Registration
Statement shall be on Form S-3 (except if the Company is not then eligible to register for resale the Registrable Securities on Form S-3, in which case such registration shall be on another appropriate form in accordance with the Securities Act and
the Exchange Act and as consented to by the Investors) and shall contain (except if otherwise directed by the Investors or the Commission) the “Plan of Distribution” attached hereto as Exhibit D. The Company shall only be obligated
to include an Investor as a selling shareholder in the registration statement if such Investor has completed the Questionnaire in the form of Exhibit B-2. Each Investor included in such Registration Statement shall promptly advise the Company
of any change to the approved plan of distribution or any change in the information relating to the Investor included in the Registration Statement which would require the Company to file a pre- or post-effective amendment to the Registration
Statement or amend or supplement the Prospectus. 
  
 (b) The
Company shall use its reasonable best efforts to cause the Registration Statement to be declared effective by the Commission as promptly as possible after the filing thereof, but in any event prior to the Required Effectiveness Date, and shall use
its reasonable best efforts to keep the Registration Statement continuously effective under the Securities Act until the earlier of the date that all Registrable Securities covered by such Registration Statement have been sold or can be sold
publicly under Rule 144(k) (the “Effectiveness Period”). 
  

 -19- 

 (c) The Company shall notify each Investor in writing promptly (and in any event within three Business
Days) after receiving notification from the Commission that the Registration Statement has been declared effective. 
  
 (d) Should an Event (as defined below) occur, then upon the occurrence of such Event, and on every monthly anniversary thereof commencing with the second
month anniversary thereof (i.e., not for the first month and with all monthly amounts prorated for partial months) until the applicable Event is cured, as partial relief for the damages suffered therefrom by the Investors (which remedy shall not be
exclusive of any other remedies available under this Agreement, at law or in equity), the Company shall pay to each Investor an amount in cash, as liquidated damages and not as a penalty, equal to 1% of (i) the number of Securities held by such
Investor as of the date of such Event, multiplied by (ii) the purchase price paid by such Investor for such Securities then held,. The payments to which an Investor shall be entitled pursuant to this Section 6.1(d) are referred to herein as
“Event Payments”. Any Event Payments payable pursuant to the terms hereof shall apply on a pro-rata basis for any portion of a month prior to the cure of an Event. In the event the Company fails to make Event Payments in a timely
manner, such Event Payments shall bear interest at the rate of 1% per month (prorated for partial months) until paid in full. All pro rated calculations made pursuant to this paragraph shall be based upon the actual number of days in such pro rated
month. 
  
 For such purposes, each of the following shall constitute an
“Event”: 
  
 (i) the Registration Statement is not
filed on or prior to the Filing Date or is not declared effective on or prior to the Required Effectiveness Date; provided, however, that such dates shall be extended due to delays directly caused by Investors or Investors’ representatives;

  
 (ii) except (A) as provided for in Section 6.1(e), (B)
if the Company is involved in a “Rule 13e-3 transaction” as defined in Rule 13e-3 under the Exchange Act, or (C) a merger or consolidation of the Company or a sale of more than one-half of the assets of the Company in one or a series of
related transactions, unless following such transaction or series of transactions, the holders of the Company’s securities prior to the first such transaction continue to hold at least 50% of the voting rights and equity interests of the
surviving entity or acquirer (clauses (B) and (C), collectively, the “Excluded Events”), after the Effective Date and during the Effectiveness Period, an Investor is not permitted to sell Registrable Securities under the
Registration Statement (or a subsequent Registration Statement filed in replacement thereof) for any reason (other than the fault of such Investor) for five or more Trading Days (whether or not consecutive) in any 12-month period; 
  
 (iii) except as a result of the Excluded Events, during the Effectiveness
Period, the Common Stock is not listed or quoted, or is suspended from trading, on an Eligible Market for a period of five Trading Days (which need not be consecutive Trading Days) in any 12-month period; 
  
 (iv) the Company fails for any reason to deliver a certificate evidencing
any Securities to an Investor within three Trading Days after delivery of such certificate is required pursuant to any Transaction Document (provided that any payment required under this subsection (iv) shall only be made to the affected Investor);
or 
  

 -20- 

 (v) during the Effectiveness Period, any of the Common Shares are not listed on an Eligible Market.

  
 (d) Notwithstanding anything in this Agreement to the
contrary, after 60 consecutive days of continuous effectiveness of the initial Registration Statement filed and declared effective pursuant to this Agreement, the Company may, by written notice to the Investors, suspend sales under a Registration
Statement after the Effective Date thereof and/or require that the Investors immediately cease the sale of shares of Common Stock pursuant thereto and/or defer the filing of any subsequent Registration Statement if (i) the Company becomes aware of
any event which causes the Prospectus included in the Registration Statement as then in effect to include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not misleading and (ii) the Board of Directors determines in good faith that the disclosures of such event would be detrimental to the Company (other than as relating solely to the
price of the Common Stock). Upon receipt of such notice, each Investor shall immediately discontinue any sales of Registrable Securities pursuant to such registration until such Investor has received copies of a supplemented or amended Prospectus or
until such Investor is advised in writing by the Company that the then-current Prospectus may be used and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. In
no event, however, shall this right be exercised to suspend sales beyond the period during which (in the good faith determination of the Company’s Board of Directors) the failure to require such suspension would be materially detrimental to the
Company. The Company’s rights under this Section 6(e) may be exercised for a period of no more than 20 days at a time and not more than three times in any twelve-month period, without such suspension being considered as part of an Event
Payment determination. Immediately after the end of any suspension period under this Section 6(e), the Company shall take all necessary actions (including filing any required supplemental prospectus) to restore the effectiveness of the
applicable Registration Statement and the ability of the Investors to publicly resell their Registrable Securities pursuant to such effective Registration Statement. 
  
 (e) The Company shall not, from the date hereof until the Effective Date of the Registration Statement, prepare and file
with the Commission a registration statement relating to an offering for its own account or the account of others under the Securities Act of any of its equity securities, other than a registration statement on Form S-4 or S-8 or their equivalents
relating to equity securities to be issued solely in connection with an acquisition of any entity or business or equity securities to be issued solely in connection with stock option or other employee benefit plans. 
  
 (g) It shall be a condition precedent to the obligations of the Company to
take any action pursuant to this Section 6.1 that each Investor shall furnish to the Company the legal name of such Investor, the number of shares of Common Stock of the Company beneficially owned by such Investor for the purpose of completing the
Registration Statement and any additional information relating to such Investor that is required by the Commission. 
  

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 6.2 Registration Procedures. In connection with the Company’s registration obligations
hereunder, the Company shall: 
  
 (a) Not less than three Trading
Days prior to the filing of a Registration Statement or any related Prospectus or any amendment or supplement thereto (including any document that would be incorporated or deemed to be incorporated therein by reference), furnish to each Investor and
the Lead Investor Counsel copies of all such documents proposed to be filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Investors and Lead Investor Counsel. The
Company shall reflect in each such document when so filed with the Commission such comments as the Investors and Lead Investor Counsel may reasonably and promptly propose. 
  
 (b) (i) Subject to Section 6.1(e), prepare and file with the Commission such amendments, including post-effective
amendments, to each Registration Statement and the Prospectus used in connection therewith as may be necessary to keep the Registration Statement continuously effective, as to the applicable Registrable Securities for the Effectiveness Period and
prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Registrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required
Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424; (iii) respond as promptly as reasonably possible, and in any event within 12 Trading Days (except to the extent that the Company reasonably requires
additional time to respond to accounting comments), to any comments received from the Commission with respect to the Registration Statement or any amendment thereto and as promptly as reasonably possible provide the Lead Investor Counsel true and
complete copies of all correspondence from and to the Commission relating to the Registration Statement; and (iv) comply in all material respects with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all
Registrable Securities covered by the Registration Statement during the applicable period in accordance with the intended methods of disposition by the Investors thereof set forth in the Registration Statement as so amended or in such Prospectus as
so supplemented. 
  
 (c) Notify the Lead Investor Counsel as
promptly as reasonably possible, and (if requested by the Lead Investor Counsel confirm such notice in writing no later than two Trading Days thereafter, of any of the following events: (i) the Commission notifies the Company whether there will be a
“review” of any Registration Statement; (ii) the Commission comments in writing on any Registration Statement (in which case the Company shall deliver to the Lead Investor Counsel a copy of such comments and of all written responses
thereto); (iii) any Registration Statement or any post-effective amendment is declared effective; (iv) the Commission or any other Federal or state governmental authority requests any amendment or supplement to any Registration Statement or
Prospectus or requests additional information related thereto; (v) the Commission issues any stop order suspending the effectiveness of any Registration Statement or initiates any Proceedings for that purpose; (vi) the Company receives notice of any
suspension of the qualification or exemption from qualification of any Registrable Securities for sale in any jurisdiction, or the initiation or threat of any Proceeding for such purpose; or (vii) the financial statements included in any
Registration Statement become ineligible for inclusion therein or any statement made in any Registration 
  

 -22- 

 Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference is untrue in any
material respect or any revision to a Registration Statement, Prospectus or other document is required so that it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary
to make the statements therein, in the light of the circumstances under which they were made, not misleading. 
  
 (d) Use its reasonable best efforts to avoid the issuance of or, if issued, obtain the withdrawal of (i) any order suspending the effectiveness of any
Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, as soon as possible. 
  
 (e) If requested by an Investor, provide such Investor and the Lead Investor
Counsel, without charge, at least one conformed copy of each Registration Statement and each amendment thereto, including financial statements and schedules, and all exhibits to the extent requested by such Person (including those previously
furnished or incorporated by reference) promptly after the filing of such documents with the Commission. 
  
 (f) Promptly deliver to each Investor, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each
amendment or supplement thereto as such Persons may reasonably request. The Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Investors in connection with the offering and sale of
the Registrable Securities covered by such Prospectus and any amendment or supplement thereto to the extent permitted by federal and state securities laws and regulations. 
  
 (g) (i) In the time and manner required by each Trading Market, prepare and file with such Trading Market an additional
shares listing application covering all of the Registrable Securities; (ii) take all steps necessary to cause such Registrable Securities to be approved for listing on each Trading Market as soon as possible thereafter; (iii) provide to the Lead
Investor Counsel evidence of such listing; and (iv) except as a result of the Excluded Events, during the Effectiveness Period, maintain the listing of such Registrable Securities on each such Trading Market or another Eligible Market. 

 
 (h) Prior to any public offering of Registrable Securities, use its
reasonable best efforts to register or qualify or cooperate with the selling Investors and Lead Investor Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable
Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Investor requests in writing, to keep each such registration or qualification (or exemption therefrom) effective for so long as
required, but not to exceed the duration of the Effectiveness Period, and to do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of the Registrable Securities covered by a
Registration Statement; provided, however, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation or as a dealer in securities in any jurisdiction in which it is
not so qualified or to subject itself to taxation in respect of doing business in any jurisdiction in which it is not otherwise so subject. 
  

 -23- 

 (i) Cooperate with the Investors to facilitate the timely preparation and delivery of certificates
representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by this Agreement and under law, of all restrictive legends, and to enable such
Registrable Securities to be in such denominations and registered in such names as any such Investors may reasonably request. 
  
 (j) Upon the occurrence of any event described in Section 6.2(c)(vii), but subject to Section 6.1(e) hereof, as promptly as reasonably possible,
prepare a supplement or amendment, including a post-effective amendment, to the Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other
required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the
statements therein, in the light of the circumstances under which they were made, not misleading. 
  
 (k) Cooperate with any reasonable due diligence investigation undertaken by the Investors in connection with the sale of Registrable Securities,
including, without limitation by making available documents and information; provided that the Company will not deliver or make available to any Investor material, nonpublic information unless such Investor specifically requests in advance to
receive material, nonpublic information in writing and executes an appropriate form of confidentiality agreement. 
  
 (l) Comply with all rules and regulations of the Commission applicable to the registration of the Securities. 
  
 6.3 Registration Expenses. The Company shall pay all fees and expenses
incident to the performance of or compliance with Article VI of this Agreement by the Company, including without limitation (a) all registration and filing fees and expenses, including without limitation those related to filings with the Commission,
any Trading Market and in connection with applicable state securities or Blue Sky laws, (b) printing expenses (including without limitation expenses of printing certificates for Registrable Securities), (c) messenger, telephone and delivery
expenses, (d) fees and expenses of all other Persons retained by the Company in connection with the consummation of the transactions contemplated by this Agreement, and (e) all listing fees to be paid by the Company to the Trading Market.

  
 6.4 Indemnification 
  
 (a) Indemnification by the Company. The Company shall,
notwithstanding any termination of this Agreement, indemnify and hold harmless each Investor, the officers, directors, partners, members, agents and employees of each of them, each Person who controls any such Investor (within the meaning of Section
15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors, partners, members, agents and employees of each such controlling Person 
  

 -24- 

 (each, an “Investor Indemnified Person”), to the fullest extent permitted by applicable law, from and against
any and all Losses, as incurred, arising out of or relating to (i) any misrepresentation or breach of any representation or warranty made by the Company in the Transaction Documents or any other certificate, instrument or document contemplated
hereby or thereby, (ii) any breach of any covenant, agreement or obligation of the Company contained in the Transaction Documents or any other certificate, instrument or document contemplated hereby or thereby, (iii) any cause of action, suit or
claim brought or made against such Indemnified Party (as defined in Section 6.4(c) below) by a third party (including for these purposes a derivative action brought on behalf of the Company), arising out of or resulting from (x) execution, delivery,
performance or enforcement of the Transaction Documents or any other certificate, instrument or document contemplated hereby or thereby, (y) any transaction financed or to be financed in whole or in part, directly or indirectly, with the proceeds of
the issuance of the Securities, or (z) the status of Indemnified Party as a holder of the Securities, or (iv) any untrue or alleged untrue statement of a material fact contained in the Registration Statement, any Prospectus or any form of Company
prospectus or in any amendment or supplement thereto or in any Company preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements
therein (in the case of any Prospectus or form of prospectus or supplement thereto, in the light of the circumstances under which they were made) not misleading, except to the extent, but only to the extent, that (A) such untrue statements, alleged
untrue statements, omissions or alleged omissions are based solely upon information regarding such Investor furnished in writing to the Company by such Investor for use therein, or to the extent that such information relates to such Investor or such
Investor’s proposed method of distribution of Registrable Securities, or (B) in the case of an occurrence of an event of the type specified in Section 6.2(c)(v)-(vii), the use by such Investor of an outdated or defective Prospectus after
the Company has notified such Investor in writing that the Prospectus is outdated or defective and prior to the receipt by such Investor of the Advice contemplated in Section 6.5. The Company’s indemnification obligations under this
Section 6.4(a) shall not apply to any Losses to the extent such Losses resulted directly from the gross negligence or willful misconduct of any Investor Indemnified Person or any Losses to the extent such Losses resulted directly from any
representation or warranty made by any Investor contained in any of the Transaction Documents being untrue or incorrect in any material respect. The Company shall notify the Investors promptly of the institution of any Proceeding of which the
Company is aware in connection with the transactions contemplated by this Agreement. 
  
 (b) Indemnification by Investors. Each Investor shall, severally and not jointly, indemnify and hold harmless the Company, its directors, officers, agents and employees, each Person who controls the Company
(within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act), and the directors, officers, agents or employees of such controlling Persons, to the fullest extent permitted by applicable law, from and
against all Losses (as determined by a court of competent jurisdiction in a final judgment not subject to appeal or review) arising solely out of any untrue statement of a material fact contained in the Registration Statement, any Prospectus, or any
form of prospectus, or in any amendment or supplement thereto, or arising solely out of any omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus or form of prospectus or
supplement thereto, in the light of the circumstances under which they were made) not misleading to the extent, but only to the 
  

 -25- 

 
extent, that such untrue statement or omission is contained in any information so furnished by such Investor to the Company specifically for inclusion in
such Registration Statement or such Prospectus or to the extent that (i) such untrue statements or omissions are based solely upon information regarding such Investor furnished to the Company by such Investor expressly for use therein, or to the
extent that such information relates to such Investor or such Investor’s proposed method of distribution of Registrable Securities and was reviewed and expressly approved by such Investor expressly for use in the Registration Statement, such
Prospectus or such form of Prospectus or in any amendment or supplement thereto or (ii) in the case of an occurrence of an event of the type specified in Section 6.2(c)(v)-(vii), the use by such Investor of an outdated or defective Prospectus
after the Company has notified such Investor in writing that the Prospectus is outdated or defective and prior to the receipt by such Investor of the Advice contemplated in Section 6.5. In no event shall the liability of any selling Investor
hereunder be greater in amount than the dollar amount of the net proceeds received by such Investor upon the sale of the Registrable Securities giving rise to such indemnification obligation. 
  
 (c) Conduct of Indemnification Proceedings. If any Proceeding shall be
brought or asserted against any Person entitled to indemnity hereunder (an “Indemnified Party”), such Indemnified Party shall promptly notify the Person from whom indemnity is sought (the “Indemnifying Party”) in
writing, and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all fees and expenses incurred in connection with defense thereof;
provided, that the failure of any Indemnified Party to give such notice shall not relieve the Indemnifying Party of its obligations or liabilities pursuant to this Agreement, except (and only) to the extent that it shall be finally determined by a
court of competent jurisdiction (which determination is not subject to appeal or further review) that such failure shall have proximately and materially adversely prejudiced the Indemnifying Party. 
  
 An Indemnified Party shall have the right to employ separate counsel in any
such Proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (i) the Indemnifying Party has agreed in writing to pay such fees and expenses;
or (ii) the Indemnifying Party shall have failed promptly to assume the defense of such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding; or (iii) the named parties to any such Proceeding
(including any impleaded parties) include both such Indemnified Party and the Indemnifying Party, and such Indemnified Party shall have been advised by counsel that a conflict of interest is likely to exist if the same counsel were to represent such
Indemnified Party and the Indemnifying Party (in which case, if such Indemnified Party notifies the Indemnifying Party in writing that it elects to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying Party shall not
have the right to assume the defense thereof and such counsel shall be at the expense of the Indemnifying Party). It being understood, however, that the Indemnifying Party shall not, in connection with any one such Proceeding be liable for the fees
and expenses of more than one separate firm of attorneys at any time for all Indemnified Parties, which firm shall be appointed by a majority of the Indemnified Parties; provided, however, that in the case a single firm of attorneys would be
inappropriate due to actual or potential differing interests of conflicts between such 

  

 -26- 

 
Indemnified Parties and any other party represented by such counsel in such Proceeding or otherwise, then the Indemnifying Party shall be liable for the fees
and expenses of one additional firm of attorneys with respect to such Indemnified Parties. The Indemnifying Party shall not be liable for any settlement of any such Proceeding effected without its written consent, which consent shall not be
unreasonably withheld. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, effect any settlement of any pending Proceeding in respect of which any Indemnified Party is a party, unless such settlement includes an
unconditional release of such Indemnified Party from all liability on claims that are the subject matter of such Proceeding. 
  
 All fees and expenses of the Indemnified Party (including reasonable fees and expenses to the extent incurred in connection with investigating or
preparing to defend such Proceeding in a manner not inconsistent with this Section) shall be paid to the Indemnified Party, as incurred, within ten Trading Days of written notice thereof to the Indemnifying Party (regardless of whether it is
ultimately determined that an Indemnified Party is not entitled to indemnification hereunder; provided, that the Indemnifying Party may require such Indemnified Party to undertake to reimburse all such fees and expenses to the extent it is finally
judicially determined that such Indemnified Party is not entitled to indemnification hereunder). 
  
 (d) Contribution. If a claim for indemnification under Section 6.4(a) or (b) is unavailable to an Indemnified Party (by reason of
public policy or otherwise), then each Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such Losses, in such proportion as is appropriate to
reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such
Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact,
has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or
omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in Section 6.4(c), any reasonable attorneys’ or other reasonable fees or expenses incurred by such
party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. 
  
 The parties hereto agree that it would not be just and equitable if
contribution pursuant to this Section 6.4(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph.
Notwithstanding the provisions of this Section 6.4(d), no Investor shall be required to contribute, in the aggregate, any amount in excess of the amount by which the proceeds actually received by such Investor from the sale of the Registrable
Securities subject to the Proceeding exceeds the amount of any damages that such Investor has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 
  

 -27- 

 The indemnity and contribution agreements contained in this Section are in addition to any liability that
the Indemnifying Parties may have to the Indemnified Parties. 
  
 6.5 Dispositions. Each Investor agrees that it will comply with the prospectus delivery requirements of the Securities Act as applicable to it in connection with sales of Registrable Securities pursuant to the Registration Statement.
Each Investor further agrees that, upon receipt of a notice from the Company of the occurrence of any event of the kind described in Sections 6.2(c)(v), (vi) or (vii), such Investor will discontinue disposition of such
Registrable Securities under the Registration Statement until such Investor’s receipt of the copies of the supplemented Prospectus and/or amended Registration Statement contemplated by Section 6.2(j), or until it is advised in writing
(the “Advice”) by the Company that the use of the applicable Prospectus may be resumed, and, in either case, has received copies of any additional or supplemental filings that are incorporated or deemed to be incorporated by
reference in such Prospectus or Registration Statement. The Company may provide appropriate stop orders to enforce the provisions of this paragraph. 
  
 6.6 No Piggyback on Registrations. Neither the Company nor any of its security holders (other than the Investors in such capacity pursuant hereto)
may include securities of the Company in the Registration Statement other than the Registrable Securities [and the securities held by the Persons listed in Schedule 3.1(p), and the Company shall not after the date hereof enter into any
agreement providing any such right to any of its security holders. 
  
 6.7 Piggy-Back Registrations. If at any time during the Effectiveness Period there is not an effective Registration Statement covering all of the Registrable Securities and the Company shall determine to prepare and file with the
Commission a registration statement relating to an offering for its own account or the account of others under the Securities Act of any of its equity securities, other than on Form S-4 or Form S-8 (each as promulgated under the Securities Act) or
their then equivalents relating to equity securities to be issued solely in connection with any acquisition of any entity or business or equity securities issuable in connection with stock option or other employee benefit plans, then the Company
shall send to each Investor written notice of such determination and if, within ten days after receipt of such notice, any such Investor shall so request in writing, the Company shall include in such registration statement all or any part of such
Registrable Securities such Investor requests to be registered; provided, however, that nothing herein shall prevent the Company from, at any time, abandoning or delaying any such registration initiated by it. If any registration pursuant to this
Section 6.7 shall be underwritten in whole or in part, the Company may require that the Registrable Securities requested for inclusion pursuant to this Section 6.7 be included in the underwriting on the same terms and conditions as the securities
otherwise being sold through the underwriters. 
  
 6.8
Cut-Back. If an offering covered by a request for registration under Section 6.7 is underwritten in whole or in part and the managing underwriter of such offering advises the Company 

  

 -28- 

 
that in its opinion the total number of securities proposed to be sold in such offering exceeds the maximum number of securities which can be marketed at a
price reasonably related to the then current market value of such securities and without materially and adversely affecting such offering, then the number of securities to be sold by each prospective seller (other than the Company) in the offering
shall be reduced as follows: first, the number of securities proposed to be registered by Persons other than the Company having no registration rights or rights to registration subordinate, by their terms, to those of the Registrable Securities
shall be reduced, pro rata (or on such other basis as provided in any agreement between such Persons and the Company), to zero, if necessary; second, the number of Registrable Securities proposed to be registered, together with the securities
proposed to be registered by Persons having registration rights equal to those of the Registrable Securities, shall be reduced, pro rata, to zero, if necessary; and third, the number of the remaining securities proposed to be registered may be
reduced, if necessary. 
  
 ARTICLE VII 
 MISCELLANEOUS 
  
 7.1 Termination. This Agreement may be terminated by the Company or any Investor (with respect to such Investor), by written notice to the other
parties, if the Closing has not been consummated by the third Business Day following the date of this Agreement; provided that no such termination will affect the right of any party to sue for any breach by the other party (or parties). 

 
 7.2 Fees and Expenses. At the Closing, the Company shall pay to the
Lead Investor an aggregate of $25,000 for the Lead Investor Counsel legal fees and expenses incurred in connection with its due diligence and the preparation and negotiation of the Transaction Documents. In lieu of the foregoing payment, the Lead
Investor may retain such amount at the Closing or require the Company to pay such amount directly to Lead Investor Counsel. Except as expressly set forth in the Transaction Documents to the contrary, each party shall pay the fees and expenses of its
advisers, counsel, accountants and other experts, if any, and all other expenses incurred by such party incident to the negotiation, preparation, execution, delivery and performance of this Agreement. The Company shall pay all Transfer Agent fees,
stamp taxes and other taxes and duties levied in connection with the sale and issuance of their applicable Securities. 
  
 7.3 Entire Agreement. The Transaction Documents, together with the Exhibits and Schedules thereto, contain the entire understanding of the parties
with respect to the subject matter hereof and supersede all prior agreements and understandings, oral or written, with respect to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules. At or after
the Closing, and without further consideration, the Company and each Investor will execute and deliver to the other party such further documents as may be reasonably requested in order to give practical effect to the intention of the parties under
the Transaction Documents. 
  
 7.4 Notices. Any and all
notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and shall be deemed given and effective on the earliest of (a) the date of transmission, if such notice or communication is delivered
via facsimile at the 

  

 -29- 

 
facsimile number specified in this Section prior to 6:30 p.m. (Minneapolis, Minnesota time) on a Trading Day, (b) the next Trading Day after the date of
transmission, if such notice or communication is delivered via facsimile at the facsimile number specified in this Section on a day that is not a Trading Day or later than 6:30 p.m. (Minneapolis, Minnesota time) on any Trading Day, (c) the Trading
Day following the date of deposit with a nationally recognized overnight courier service, or (d) upon actual receipt by the party to whom such notice is required to be given. The addresses and facsimile numbers for such notices and communications
are those set forth on the signature pages hereof, or such other address or facsimile number as may be designated in writing hereafter, in the same manner, by any such Person. 
  
 7.5 Amendments; Waivers. No provision of this Agreement may be waived or amended except in a written instrument
signed, in the case of an amendment, by the Company and each of the Investors or, in the case of a waiver, by the party against whom enforcement of any such waiver is sought. No waiver of any default with respect to any provision, condition or
requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of either party to
exercise any right hereunder in any manner impair the exercise of any such right. Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively to the rights of Investors
under Article VI may be given by Investors holding at least a majority of the Registrable Securities to which such waiver or consent relates. 
  
 7.6 Construction. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed to limit or
affect any of the provisions hereof. The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rules of strict construction will be applied against any party. 
  
 7.7 Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of the parties and their successors and permitted assigns. The Company may not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Investors. Any Investor may assign its rights
under this Agreement to any Person to whom such Investor assigns or transfers any Securities, provided such transferee agrees in writing to be bound, with respect to the transferred Securities, by the provisions hereof that apply to the
“Investors.” Notwithstanding anything to the contrary herein, Securities may be assigned to any Person in connection with a bona fide margin account or other loan or financing arrangement secured by such Securities. 
  
 7.8 No Third-Party Beneficiaries. This Agreement is intended for the
benefit of the parties hereto and their respective successors and permitted assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other Person, except that each Indemnified Party is an intended third party
beneficiary of Section 6.4 and (in each case) may enforce the provisions of such Sections directly against the parties with obligations thereunder. 
  

 -30- 

 7.9 Governing Law; Venue; Waiver of Jury Trial. THE CORPORATE LAWS OF THE STATE OF MINNESOTA SHALL
GOVERN ALL ISSUES CONCERNING THE RELATIVE RIGHTS OF THE COMPANY AND ITS SHAREHOLDERS. ALL QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK. THE COMPANY AND INVESTORS HEREBY IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS SITTING IN THE CITY OF NEW YORK, BOROUGH OF MANHATTAN FOR THE ADJUDICATION OF ANY DISPUTE
BROUGHT BY THE COMPANY OR ANY INVESTOR HEREUNDER, IN CONNECTION HEREWITH OR WITH ANY TRANSACTION CONTEMPLATED HEREBY OR DISCUSSED HEREIN (INCLUDING WITH RESPECT TO THE ENFORCEMENT OF ANY OF THE TRANSACTION DOCUMENTS), AND HEREBY IRREVOCABLY WAIVE,
AND AGREE NOT TO ASSERT IN ANY SUIT, ACTION OR PROCEEDING BROUGHT BY THE COMPANY OR ANY INVESTOR, ANY CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF ANY SUCH COURT, OR THAT SUCH SUIT, ACTION OR PROCEEDING IS IMPROPER. EACH PARTY
HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF PROCESS AND CONSENTS TO PROCESS BEING SERVED IN ANY SUCH SUIT, ACTION OR PROCEEDING BY MAILING A COPY THEREOF VIA REGISTERED OR CERTIFIED MAIL OR OVERNIGHT DELIVERY (WITH EVIDENCE OF DELIVERY) TO SUCH
PARTY AT THE ADDRESS IN EFFECT FOR NOTICES TO IT UNDER THIS AGREEMENT AND AGREES THAT SUCH SERVICE SHALL CONSTITUTE GOOD AND SUFFICIENT SERVICE OF PROCESS AND NOTICE THEREOF. NOTHING CONTAINED HEREIN SHALL BE DEEMED TO LIMIT IN ANY WAY ANY RIGHT TO
SERVE PROCESS IN ANY MANNER PERMITTED BY LAW. THE COMPANY AND INVESTORS HEREBY WAIVE ALL RIGHTS TO A TRIAL BY JURY. 
  
 7.10 Survival. The representations and warranties, agreements and covenants contained herein shall survive the Closing. 
  
 7.11 Execution. This Agreement may be executed in two or more
counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need
not sign the same counterpart. In the event that any signature is delivered by facsimile transmission, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same
force and effect as if such facsimile signature page were an original thereof. 
  
 7.12 Severability. If any provision of this Agreement is held to be invalid or unenforceable in any respect, the validity and enforceability of the remaining terms and provisions of this Agreement shall not in
any way be affected or impaired thereby and the parties will attempt to agree upon a valid and enforceable provision that is a reasonable substitute therefor, and upon so agreeing, shall incorporate such substitute provision in this Agreement.

  

 -31- 

 7.13 Rescission and Withdrawal Right. Notwithstanding anything to the contrary contained in (and
without limiting any similar provisions of) the Transaction Documents, whenever any Investor exercises a right, election, demand or option owed to such Investor by the Company under a Transaction Document and the Company does not timely perform its
related obligations within the periods therein provided, then, prior to the performance by the Company of the Company’s related obligation, such Investor may rescind or withdraw, in its sole discretion from time to time upon written notice to
such Seller, any relevant notice, demand or election in whole or in part without prejudice to its future actions and rights. 
  
 7.14 Replacement of Securities. If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company
shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of
such loss, theft or destruction and the execution by the holder thereof of a customary lost certificate affidavit of that fact and an agreement to indemnify and hold harmless the Company for any losses in connection therewith. The applicants for a
new certificate or instrument under such circumstances shall also pay any reasonable third-party costs associated with the issuance of such replacement Securities. 
  
 7.15 Remedies. In addition to being entitled to exercise all rights provided herein or granted by law, including
recovery of damages, each of the Investors and the Company will be entitled to seek specific performance under the Transaction Documents. The parties agree that monetary damages may not be adequate compensation for any loss incurred by reason of any
breach of obligations described in the foregoing sentence and hereby agrees to waive in any action for specific performance of any such obligation (other than in connection with any action for temporary restraining order) the defense that a remedy
at law would be adequate. 
  
 7.16 Payment Set Aside. To
the extent that the Company makes a payment or payments to any Investor hereunder or any Investor enforces or exercises its rights hereunder or thereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part
thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company by a trustee, receiver or any other person under any
law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived
and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred. 
  
 7.17 Adjustments in Share Numbers and Prices. In the event of any stock split, subdivision, dividend or distribution payable in shares of Common
Stock (or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly shares of Common Stock), combination or other similar recapitalization or event occurring after the date hereof, each reference
in any Transaction Document to a number of shares or a price per share shall be amended to appropriately account for such event. 
  

 -32- 

 7.18 Independent Nature of Investors’ Obligations and Rights. The obligations of each
Investor under any Transaction Document are several and not joint with the obligations of any other Investor, and no Investor shall be responsible in any way for the performance of the obligations of any other Investor under any Transaction
Document. The decision of each Investor to purchase Securities pursuant to this Agreement has been made by such Investor independently of any other Investor and independently of any information, materials, statements or opinions as to the business,
affairs, operations, assets, properties, liabilities, results of operations, condition (financial or otherwise) or prospects of the Company or of the Subsidiary which may have been made or given by any other Investor or by any agent or employee of
any other Investor, and no Investor or any of its agents or employees shall have any liability to any other Investor (or any other person) relating to or arising from any such information, materials, statements or opinions. Nothing contained herein
or in any Transaction Document, and no action taken by any Investor pursuant thereto, shall be deemed to constitute the Investors as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the
Investors are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Document. Each Investor acknowledges that no other Investor has acted as agent for such Investor in
connection with making its investment hereunder and that no other Investor will be acting as agent of such Investor in connection with monitoring its investment hereunder. Each Investor shall be entitled to independently protect and enforce its
rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Investor to be joined as an additional party in any proceeding for such purpose.

  
 [SIGNATURE PAGES TO FOLLOW] 
  

 -33- 

 IN WITNESS WHEREOF, the parties hereto have caused this Securities Purchase Agreement to be duly executed
by their respective authorized signatories as of the date first indicated above. 
  

					
	 	 	BUCA, INC.
			
	 	 	 By:
	 	  

	 	 	 Name:
	 	 Greg A. Gadel

	 	 	 Title:
	 	 Executive Vice President,
 Chief Financial Officer, Secretary and Treasurer

		
	 	 	 Address for Notice:

		
	 	 	 1300 Nicollet Mall

	 	 	 Minneapolis, Minnesota 55403

		
	 	 	 Facsimile No.: (612) 225-3523

	 	 	 Telephone No.: (612) 225-3423

	 	 	 Attn: Greg A. Gadel

		
	 With a copy to:
	 	 Faegre & Benson LLP

	 Facsimile:
	 	 (612) 766-1600

	 Telephone:
	 	 (612) 766-7212

	 Attn:
	 	 Douglas P. Long

 Investor Signature Page 
  
 By its execution and delivery of this signature page, the undersigned Investor hereby joins in and agrees to be bound by the
terms and conditions of the Securities Purchase Agreement dated as of                     , 2004 (the “Purchase Agreement”) by and
among BUCA, Inc. and the Investors (as defined therein), as to the number of shares of Common Stock set forth below, and authorizes this signature page to be attached to the Purchase Agreement or counterparts thereof. 
  

			
	 Name of Investor:

	
	  

		
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

	
	 Address:

	  

	  

	
	 Telephone No.:

	
	 Facsimile No.:

	
	 Number of Shares:

	
	 Aggregate Purchase Price: $

  
 Agreed to and accepted this 
      day of
                    , 2004 
  

			
	BUCA, INC.
		
	 By:
	 	  

	 	 	 Name:

 Exhibits: 
  

	A	Schedule of Investors 

  

	B	Instruction Sheet For Investors 

  

	C	Opinion of Company Corporate Counsel 

  

	D	Plan of Distribution 

  

	E	Company Transfer Agent Instructions

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