Document:

Form of Deposit Agreement

 Exhibit 4.3 
 DEPOSIT AGREEMENT 
 among 

ZIONS BANCORPORATION, 
 ZIONS FIRST NATIONAL BANK, 
 as Depositary, 

and 
 THE HOLDERS
FROM TIME TO TIME OF 
 THE DEPOSITARY RECEIPTS DESCRIBED HEREIN 

Dated as of February 7, 2013 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE I
 DEFINED TERMS
	  			
		
	 Section 1.1. Definitions
	  	 	1	  
		
	 ARTICLE II
 FORM OF RECEIPTS, DEPOSIT OF SERIES G PREFERRED STOCK,
 EXECUTION AND DELIVERY,
TRANSFER, SURRENDER
 AND REDEMPTION OF RECEIPTS
	  			
		
	 Section 2.1. Form and Transfer of Receipts
	  	 	3	  
	 Section 2.2. Deposit of Series G Preferred Stock; Execution and Delivery of Receipts in Respect Thereof
	  	 	4	  
	 Section 2.3. Registration of Transfer of Receipts
	  	 	5	  
	 Section 2.4. Split-ups and Combinations of Receipts; Surrender of Receipts and Withdrawal of Series G Preferred
Stock
	  	 	5	  
	 Section 2.5. Limitations on Execution and Delivery, Transfer, Surrender and Exchange of Receipts
	  	 	6	  
	 Section 2.6. Lost Receipts, etc.
	  	 	6	  
	 Section 2.7. Cancellation and Destruction of Surrendered Receipts
	  	 	7	  
	 Section 2.8. Redemption of Series G Preferred Stock
	  	 	7	  
	 Section 2.9. Receipts Issuable in Global Registered Form
	  	 	8	  
		
	 ARTICLE III
 CERTAIN OBLIGATIONS OF
 HOLDERS OF RECEIPTS AND THE CORPORATION
	  			
		
	 Section 3.1. Filing Proofs, Certificates and Other Information
	  	 	9	  
	 Section 3.2. Payment of Taxes or Other Governmental Charges
	  	 	10	  
	 Section 3.3. Warranty as to Series G Preferred Stock
	  	 	10	  
	 Section 3.4. Warranty as to Receipts
	  	 	10	  
		
	 ARTICLE IV
 THE DEPOSITED SECURITIES; NOTICES
	  			
		
	 Section 4.1. Cash Distributions
	  	 	10	  
	 Section 4.2. Distributions Other than Cash, Rights, Preferences or Privileges
	  	 	11	  
	 Section 4.3. Subscription Rights, Preferences or Privileges
	  	 	11	  
	 Section 4.4. Notice of Dividends, etc.; Fixing Record Date for Holders of Receipts
	  	 	12	  
	 Section 4.5. Voting Rights
	  	 	13	  
	 Section 4.6. Changes Affecting Deposited Securities and Reclassifications, Recapitalizations, etc.
	  	 	13	  
	 Section 4.7. Delivery of Reports
	  	 	14	  
	 Section 4.8. Lists of Receipt Holders
	  	 	14	  

  
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	 ARTICLE V
 THE DEPOSITARY, THE DEPOSITARY’S
 AGENTS, THE REGISTRAR AND THE
CORPORATION
	  			
		
	 Section 5.1. Maintenance of Offices, Agencies and Transfer Books by the Depositary; Registrar
	  	 	14	  
	 Section 5.2. Prevention of or Delay in Performance by the Depositary, the Depositary’s Agents, the Registrar or the
Corporation
	  	 	15	  
	 Section 5.3. Obligations of the Depositary, the Depositary’s Agents, the Registrar and the Corporation
	  	 	15	  
	 Section 5.4. Resignation and Removal of the Depositary; Appointment of Successor Depositary
	  	 	17	  
	 Section 5.5. Corporate Notices and Reports
	  	 	17	  
	 Section 5.6. Indemnification by the Corporation
	  	 	18	  
	 Section 5.7. Fees, Charges and Expenses
	  	 	18	  
		
	 ARTICLE VI
 AMENDMENT AND TERMINATION
	  			
		
	 Section 6.1. Amendment
	  	 	18	  
	 Section 6.2. Termination
	  	 	19	  
		
	 ARTICLE VII
 MISCELLANEOUS
	  			
		
	 Section 7.1. Counterparts
	  	 	20	  
	 Section 7.2. Benefit of this Deposit Agreement
	  	 	20	  
	 Section 7.3. Invalidity of Provisions
	  	 	20	  
	 Section 7.4. Notices
	  	 	20	  
	 Section 7.5. Depositary’s Agents
	  	 	21	  
	 Section 7.6. Appointment of Registrar and Transfer Agent in Respect of the Receipts
	  	 	21	  
	 Section 7.7. Appointment of Calculation Agent
	  	 	22	  
	 Section 7.8. Holders of Receipts Are Parties
	  	 	22	  
	 Section 7.9. Governing Law
	  	 	22	  
	 Section 7.10. Inspection of Deposit Agreement
	  	 	22	  
	 Section 7.11. Headings
	  	 	22	  

  

			
	Exhibit A    	  	Form of Receipt
	Exhibit B	  	Articles of Amendment
	Exhibit C	  	Form of Officer’s Certificate

  
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 DEPOSIT AGREEMENT, dated as of February 7, 2013, among ZIONS BANCORPORATION, a Utah
corporation, ZIONS FIRST NATIONAL BANK, a national banking association formed under the laws of the United States, and the Holders from time to time of the Receipts described herein. 

WHEREAS, it is desired to provide, as hereinafter set forth in this Deposit Agreement, for the deposit of shares of Series G
Preferred Stock of the Corporation from time to time with the Depositary for the purposes set forth in this Deposit Agreement and for the issuance hereunder of Receipts evidencing Depositary Shares in respect of the Series G Preferred Stock so
deposited; and 
 WHEREAS, the Receipts are to be substantially in the form of Exhibit A annexed hereto, with appropriate
insertions, modifications and omissions, as hereinafter provided in this Deposit Agreement; 
 NOW, THEREFORE, in consideration
of the premises, the parties hereto agree as follows: 
 ARTICLE I  

DEFINED TERMS 
 Section 1.1. Definitions. 
 The following definitions shall for all purposes,
unless otherwise indicated, apply to the respective terms used in this Deposit Agreement: 
 “Articles” shall
mean the Articles of Amendment filed with the Utah Division of Corporations and Commercial Code establishing the Series G Preferred Stock as a series of preferred stock of the Corporation, substantially in the form attached hereto as Exhibit B.

 “Corporation” shall mean Zions Bancorporation, a Utah corporation, and its successors. 

“Deposit Agreement” shall mean this Deposit Agreement, as amended or supplemented from time to time in accordance with
the terms hereof. 
 “Depositary” shall mean Zions First National Bank, a national banking association formed
under the laws of the United States, and any successor as Depositary hereunder. 
 “Depositary Shares” shall
mean the depositary shares, each representing one-fortieth of one share of the Series G Preferred Stock, evidenced by a Receipt. 
 “Depositary’s Agent” shall mean an agent appointed by the Depositary pursuant to Section 7.5. 

  
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 “Depositary’s Office” shall mean the principal office of the
Depositary in Salt Lake City, Utah, at which at any particular time its depositary receipt business shall be administered. 

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

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

“Exchange Event” means with respect to any Global Registered Receipt: 

(1) (A) the Global Receipt Depository which is the holder of such Global Registered Receipt or Receipts notifies the
Corporation that it is no longer willing or able to properly discharge its responsibilities under any Letter of Representations or that it is no longer eligible or in good standing under the Exchange Act, and (B) the Corporation has not
appointed a qualified successor Global Receipt Depository within 90 calendar days after the Corporation received such notice, or 
 (2) the Corporation in its sole discretion notifies the Depositary in writing that the Receipts or portion thereof issued or issuable in the form of one or more Global Registered Receipts shall no longer
be represented by such Global Receipt or Receipts. 
 “Global Receipt Depository” means, with respect to any
Receipt issued hereunder, DTC or such other entity designated as Global Receipt Depository by the Corporation in or pursuant to this Deposit Agreement, which entity must be, to the extent required by any applicable law or regulation, a clearing
agency registered under the Exchange Act. 
 “Global Registered Receipts” means a global registered Receipt
registered in the name of a nominee of DTC. 
 “Letter of Representations” means any applicable agreement among
the Corporation, the Depositary and a Global Receipt Depository with respect to such Global Receipt Depository’s rights and obligations with respect to any Global Registered Receipts, as the same may be amended, supplemented, restated or
otherwise modified from time to time and any successor agreement thereto. 
 “Officer’s Certificate” means
a certificate in substantially the form set forth as Exhibit C hereto, which is signed by an officer of the Corporation and which shall include the terms and conditions of the Series G Preferred Stock to be issued by the Corporation and
deposited with the Depositary from time to time in accordance with the terms hereof. 
 “Receipt” shall mean
one of the depositary receipts issued hereunder, substantially in the form set forth as Exhibit A hereto, whether in definitive or temporary form, and evidencing the number of Depositary Shares with respect to the Series G Preferred Stock
held of record by the Record Holder of such Depositary Shares. 
 “Record Holder” or “Holder”
as applied to a Receipt shall mean the person in whose name such Receipt is registered on the books of the Depositary maintained for such purpose. 

  
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 “Registrar” shall mean the Depositary or such other successor bank or trust
company which shall be appointed by the Corporation to register ownership and transfers of Receipts as herein provided and if a successor Registrar shall be so appointed, references herein to “the books” of or maintained by the Depository
shall be deemed, as applicable, to refer as well to the register maintained by such Registrar for such purpose. 

“Securities Act” shall mean the Securities Act of 1933, as amended. 

“Series G Preferred Stock” shall mean the shares of the Corporation’s Series G Fixed/Floating Rate
Non-Cumulative Perpetual Preferred Stock, without par value, with a liquidation preference of $1,000 per share, designated in the Articles and described in the Officer’s Certificate delivered pursuant to Section 2.2 hereof. 

“Three-Month LIBOR” shall have the meaning given to it in the Articles. 

ARTICLE II  

FORM OF RECEIPTS, DEPOSIT OF SERIES G PREFERRED STOCK, 
 EXECUTION AND DELIVERY, TRANSFER, SURRENDER 
 AND REDEMPTION OF RECEIPTS 

Section 2.1. Form and Transfer of Receipts. 

The definitive Receipts shall be substantially in the form set forth in Exhibit A annexed to this Deposit Agreement, with
appropriate insertions, modifications and omissions, as hereinafter provided and shall be engraved or otherwise prepared so as to comply with applicable rules of the New York Stock Exchange Inc. 

Receipts shall be executed by the Depositary by the manual signature of a duly authorized officer of the Depositary; provided, that such
signature may be a facsimile if a Registrar for the Receipts (other than the Depositary) shall have been appointed and such Receipts are countersigned by manual signature by a duly authorized officer of the Registrar. No Receipt shall be entitled to
any benefits under this Deposit Agreement or be valid or obligatory for any purpose unless it shall have been executed manually by a duly authorized officer of the Depositary or, if a Registrar for the Receipts (other than the Depositary) shall have
been appointed, by manual or facsimile signature of a duly authorized officer of the Depositary and countersigned by manual signature by a duly authorized officer of such Registrar. The Depositary shall record on its books each Receipt so signed and
delivered as hereinafter provided. 
 Receipts shall be in denominations of any number of whole Depositary Shares. 

Receipts may be endorsed with or have incorporated in the text thereof such legends or recitals or changes not inconsistent with the
provisions of this Deposit Agreement all as may be required by the Depositary and approved by the Corporation or required to comply with any applicable law or any regulation thereunder or with the rules and regulations of any securities exchange
upon which the Series G Preferred Stock, the Depositary Shares or the Receipts may be listed or to conform with any usage with respect thereto, or to indicate any special limitations or restrictions to which any particular Receipts are subject.

  
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 Title to Depositary Shares evidenced by a Receipt which is properly endorsed or accompanied
by a properly executed instrument of transfer shall be transferable by delivery with the same effect as in the case of a negotiable instrument; provided, however, that until transfer of any particular Receipt shall be registered on the books of the
Depositary as provided in Section 2.3, the Depositary may, notwithstanding any notice to the contrary, treat the Record Holder thereof at such time as the absolute owner thereof for the purpose of determining the person entitled to
distributions of dividends or other distributions or to any notice provided for in this Deposit Agreement and for all other purposes. 
 Section 2.2. Deposit of Series G Preferred Stock; Execution and Delivery of Receipts in Respect Thereof. 
 Subject to the terms and conditions of this Deposit Agreement, the Corporation may from time to time deposit shares of Series G Preferred Stock under this Deposit Agreement by delivery to the
Depositary of a certificate or certificates for such shares of Series G Preferred Stock to be deposited, properly endorsed or accompanied, if required by the Depositary, by a duly executed instrument of transfer or endorsement, in form
satisfactory to the Depositary, together with all such certifications as may be required by the Depositary in accordance with the provisions of this Deposit Agreement and an executed Officer’s Certificate attaching the Articles and all other
information required to be set forth therein, and together with a written order of the Corporation directing the Depositary to execute and deliver to, or upon the written order of, the person or persons stated in such order a Receipt or Receipts
evidencing in the aggregate the number of Depositary Shares representing such deposited Series G Preferred Stock. Each Officer’s Certificate delivered to the Depositary in accordance with the terms of this Deposit Agreement shall be deemed
to be incorporated into this Deposit Agreement and shall be binding on the Corporation, the Depositary and the Holders of Receipts to which such Officer’s Certificate relates. 

The Series G Preferred Stock that is deposited shall be held by the Depositary at the Depositary’s Office or at such other
place or places as the Depositary shall determine. The Depositary shall not lend any Series G Preferred Stock deposited hereunder. 
 Upon receipt by the Depositary of a certificate or certificates for Series G Preferred Stock deposited in accordance with the provisions of this Section, together with the other documents required as
above specified, and upon recordation of the Series G Preferred Stock on the books of the Corporation (or its duly appointed transfer agent) in the name of the Depositary or its nominee, the Depositary, subject to the terms and conditions of
this Deposit Agreement, shall execute and deliver to or upon the order of the person or persons named in the written order delivered to the Depositary referred to in the first paragraph of this Section, a Receipt or Receipts evidencing in the
aggregate the number of Depositary Shares representing the Series G Preferred Stock so deposited and registered in such name or names as may be requested by such person or persons. The Depositary shall execute and deliver such Receipt or
Receipts at the Depositary’s Office or such other offices, if any, as the Depositary may designate. Delivery at other offices shall be at the risk and expense of the person requesting such delivery. 

  
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 Section 2.3. Registration of Transfer of Receipts. 

Subject to the terms and conditions of this Deposit Agreement, the Depositary shall register on its books from time to time transfers of
Receipts upon any surrender thereof by the Holder in person or by duly authorized attorney, properly endorsed or accompanied by a properly executed instrument of transfer. Thereupon, the Depositary shall execute a new Receipt or Receipts evidencing
the same aggregate number of Depositary Shares as those evidenced by the Receipt or Receipts surrendered and deliver such new Receipt or Receipts to or upon the order of the person entitled thereto. 

The Depositary shall not be required (a) to issue, transfer or exchange any Receipts for a period beginning at the opening of
business 15 days next preceding any selection of Depositary Shares and Series G Preferred Stock to be redeemed and ending at the close of business on the day of the mailing of notice of redemption, or (b) to transfer or exchange for
another Receipt any Receipt called or being called for redemption in whole or in part except as provided in Section 2.8. 

Section 2.4. Split-ups and Combinations of Receipts; Surrender of Receipts and Withdrawal of Series G Preferred Stock.

 Upon surrender of a Receipt or Receipts at the Depositary’s Office or at such other offices as it may designate for the
purpose of effecting a split-up or combination of such Receipt or Receipts, and subject to the terms and conditions of this Deposit Agreement, the Depositary shall execute a new Receipt or Receipts in the authorized denomination or denominations
requested, evidencing the aggregate number of Depositary Shares evidenced by the Receipt or Receipts surrendered, and shall deliver such new Receipt or Receipts to or upon the order of the Holder of the Receipt or Receipts so surrendered.

 Any Holder of a Receipt or Receipts may withdraw the number of whole shares of Series G Preferred Stock and all money
and other property, if any, represented thereby by surrendering such Receipt or Receipts at the Depositary’s Office or at such other offices as the Depositary may designate for such withdrawals. Thereafter, without unreasonable delay, the
Depositary shall deliver to such Holder, or to the person or persons designated by such Holder as hereinafter provided, the number of whole shares of Series G Preferred Stock and all money and other property, if any, represented by the Receipt
or Receipts so surrendered for withdrawal, but Holders of such whole shares of Series G Preferred Stock will not thereafter be entitled to deposit such Series G Preferred Stock hereunder or to receive a Receipt evidencing Depositary Shares
therefor. If a Receipt delivered by the Holder to the Depositary in connection with such withdrawal shall evidence a number of Depositary Shares in excess of the number of Depositary Shares representing the number of whole shares of Series G
Preferred Stock to be so withdrawn, the Depositary shall at the same time, in addition to such number of whole shares of Series G Preferred Stock and such money and other property, if any, to be so withdrawn, deliver to such Holder, or subject
to Section 2.3 upon such Holder’s order, a new Receipt evidencing such excess number of Depositary Shares. 
 Except
as provided in Section 6.2, in no event will fractional shares of Series G Preferred Stock (or any cash payment in lieu thereof) be delivered by the Depositary. Delivery of the Series G Preferred Stock and money and other property, if
any, being withdrawn may be made by the delivery of such certificates, documents of title and other instruments as the Depositary may deem appropriate. 

  
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 If the Series G Preferred Stock and the money and other property, if any, being
withdrawn are to be delivered to a person or persons other than the Record Holder of the related Receipt or Receipts being surrendered for withdrawal of such Series G Preferred Stock, such Holder shall execute and deliver to the Depositary a
written order so directing the Depositary and the Depositary may require that the Receipt or Receipts surrendered by such Holder for withdrawal of such shares of Series G Preferred Stock be properly endorsed in blank or accompanied by a
properly executed instrument of transfer in blank. 
 Delivery of the Series G Preferred Stock and the money and other
property, if any, represented by Receipts surrendered for withdrawal shall be made by the Depositary at the Depositary’s Office, except that, at the request, risk and expense of the Holder surrendering such Receipt or Receipts and for the
account of the Holder thereof, such delivery may be made at such other place as may be designated by such Holder. 

Section 2.5. Limitations on Execution and Delivery, Transfer, Surrender and Exchange of Receipts. 

As a condition precedent to the execution and delivery, registration of transfer, split-up, combination, surrender or exchange of any
Receipt, the Depositary, any of the Depositary’s Agents or the Corporation may require payment to it of a sum sufficient for the payment (or, in the event that the Depositary or the Corporation shall have made such payment, the reimbursement to
it) of any charges or expenses payable by the Holder of a Receipt pursuant to Section 5.7, may require the production of evidence satisfactory to it as to the identity and genuineness of any signature, and may also require compliance with such
regulations, if any, as the Depositary or the Corporation may establish consistent with the provisions of this Deposit Agreement and/or applicable law. 
 The deposit of the Series G Preferred Stock may be refused, the delivery of Receipts against Series G Preferred Stock may be suspended, the registration of transfer of Receipts may be refused
and the registration of transfer, surrender or exchange of outstanding Receipts may be suspended (i) during any period when the register of shareholders of the Corporation is closed or (ii) if any such action is deemed necessary or
advisable by the Depositary, any of the Depositary’s Agents or the Corporation at any time or from time to time because of any requirement of law or of any government or governmental body or commission or under any provision of this Deposit
Agreement. 
 Section 2.6. Lost Receipts, etc. 

In case any Receipt shall be mutilated, destroyed, lost or stolen, the Depositary in its discretion may execute and deliver a Receipt of
like form and tenor in exchange and substitution for such mutilated Receipt, or in lieu of and in substitution for such destroyed, lost or stolen Receipt, upon (i) the filing by the Holder thereof with the Depositary of evidence satisfactory to
the Depositary of such destruction or loss or theft of such Receipt, of the authenticity thereof and of such Holder’s ownership thereof and (ii) the Holder thereof furnishing the Depositary with reasonable indemnification satisfactory to
the Depositary. 

  
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 Section 2.7. Cancellation and Destruction of Surrendered Receipts. 

All Receipts surrendered to the Depositary or any Depositary’s Agent shall be cancelled by the Depositary. Except as prohibited by
applicable law or regulation, the Depositary is authorized and directed to destroy all Receipts so cancelled. 

Section 2.8. Redemption of Series G Preferred Stock. 

Whenever the Corporation shall be permitted and shall elect to redeem shares of Series G Preferred Stock in accordance with the
terms of the Articles, it shall (unless otherwise agreed to in writing with the Depositary) give or cause to be given to the Depositary, not less than 30 days and not more than 60 days prior to the Redemption Date (as defined below), notice of
the date of such proposed redemption of Series G Preferred Stock and of the number of such shares held by the Depositary to be so redeemed and the applicable redemption price, which notice shall be accompanied by a certificate from the
Corporation stating that such redemption of Series G Preferred Stock is in accordance with the provisions of the Articles. On the date of such redemption, provided that the Corporation shall then have paid or caused to be paid in full to the
Depositary the redemption price of the Series G Preferred Stock to be redeemed, plus an amount equal to any declared and unpaid dividends thereon (without accumulation of any undeclared dividends) to the date fixed for redemption, in accordance
with the provisions of the Articles, the Depositary shall redeem the number of Depositary Shares representing such Series G Preferred Stock. The Depositary shall mail notice of the Corporation’s redemption of Series G Preferred Stock
and the proposed simultaneous redemption of the number of Depositary Shares representing the Series G Preferred Stock to be redeemed by first-class mail, postage prepaid, not less than 30 days and not more than 60 days prior to the
date fixed for redemption, in accordance with the Articles, of such Series G Preferred Stock and Depositary Shares (the “Redemption Date”), to the Record Holders of the Receipts evidencing the Depositary Shares to be so
redeemed at their respective last addresses as they appear on the records of the Depositary; provided, however, that neither failure to mail any such notice of redemption of Depositary Shares to one or more such Holders nor any defect in any notice
of redemption of Depositary Shares to one or more such Holders shall affect the sufficiency of the proceedings for redemption as to the other Holders. Each such notice shall be prepared by the Corporation and shall state: (i) the Redemption
Date; (ii) the number of Depositary Shares to be redeemed and, if less than all the Depositary Shares held by any such Holder are to be redeemed, the number of such Depositary Shares held by such Holder to be so redeemed; (iii) the
redemption price; (iv) the place or places where Receipts evidencing such Depositary Shares are to be surrendered for payment of the redemption price; and (v) that dividends in respect of the Series G Preferred Stock represented by
such Depositary Shares to be redeemed will cease to accrue on such Redemption Date. In case less than all the outstanding Depositary Shares are to be redeemed, the Depositary Shares to be so redeemed shall be selected either pro rata or by lot or in
such other manner as the Board of Directors of the Corporation or any duly authorized committee of the Board of Directors of the Corporation may determine to be fair and equitable. 

  
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 Notice having been mailed by the Depositary as aforesaid, from and after the Redemption Date
(unless the Corporation shall have failed to provide the funds necessary to redeem the Series G Preferred Stock evidenced by the Depositary Shares called for redemption) (i) declared but unpaid dividends on the shares of Series G
Preferred Stock so called for Redemption shall cease to accrue from and after such date, (ii) the Depositary Shares being redeemed from such proceeds shall be deemed no longer to be outstanding, (iii) all rights of the Holders of Receipts
evidencing such Depositary Shares (except the right to receive the redemption price) shall, to the extent of such Depositary Shares, cease and terminate, and (iv) upon surrender in accordance with such redemption notice of the Receipts
evidencing any such Depositary Shares called for redemption (properly endorsed or assigned for transfer, if the Depositary or applicable law shall so require), such Depositary Shares shall be redeemed by the Depositary at a redemption price per
Depositary Share equal to one-fortieth of the redemption price per share of the Series G Preferred Stock so redeemed plus all money and other property, if any, represented by such Depositary Shares, including all amounts paid by the Corporation
in respect of dividends which on the Redemption Date have been declared on the shares of Series G Preferred Stock to be so redeemed and have not theretofore been paid. 
 If fewer than all of the Depositary Shares evidenced by a Receipt are called for redemption, the Depositary will deliver to the Holder of such Receipt upon its surrender to the Depositary, together with
the redemption payment, a new Receipt evidencing the Depositary Shares evidenced by such prior Receipt and not called for redemption. 
 Section 2.9. Receipts Issuable in Global Registered Form. 
 If the
Corporation shall determine in a writing delivered to the Depositary that the Receipts are to be issued in whole or in part in the form of one or more Global Registered Receipts, then the Depositary shall, in accordance with the other provisions of
this Deposit Agreement, execute and deliver one or more Global Registered Receipts evidencing such Receipts, which (i) shall represent, and shall be denominated in an amount equal to the aggregate number of, the Receipts to be represented by
such Global Registered Receipt or Receipts and (ii) shall be registered in the name of the Global Receipt Depository therefor or its nominee. 
 Notwithstanding any other provision of this Deposit Agreement to the contrary, unless otherwise provided in the Global Registered Receipt, a Global Registered Receipt may only be transferred in whole and
only by the applicable Global Receipt Depository for such Global Registered Receipt to a nominee of such Global Receipt Depository, or by a nominee of such Global Receipt Depository to such Global Receipt Depository or another nominee of such Global
Receipt Depository, or by such Global Receipt Depository or any such nominee to a successor Global Receipt Depository for such Global Registered Receipt selected or approved by the Corporation or to a nominee of such successor Global Receipt
Depository. Except as provided below, owners solely of beneficial interests in a Global Registered Receipt shall not be entitled to receive physical delivery of the Receipts represented by such Global Registered Receipt. Neither any such beneficial
owner nor any direct or indirect participant of a Global Receipt Depository shall have any rights under this Deposit Agreement with respect to any Global Registered Receipt held on their behalf by a Global Receipt Depository and such Global Receipt
Depository may be treated by the Corporation, the Depositary, any Depositary’s Agent and any director, officer, employee or agent of the Corporation, the Depositary or any Depositary’s Agent as the holder of such Global Registered Receipt
for all purposes whatsoever. 

  
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 Unless and until definitive Receipts are delivered to the owners of the beneficial interests
in a Global Registered Receipt, (1) the applicable Global Receipt Depository will make book-entry transfers among its participants and receive and transmit all payments and distributions in respect of the Global Registered Receipts to such
participants, in each case, in accordance with its applicable procedures and arrangements, and (2) whenever any notice, payment or other communication to the Holders of Global Registered Receipts is required under this Deposit Agreement, the
Corporation and the Depositary shall give all such notices, payments and communications specified herein to be given to such holders to the applicable Global Receipt Depository. 

If an Exchange Event has occurred with respect to any Global Registered Receipt, then, in any such event, the Depositary shall, upon
receipt of a written order from the Corporation for the execution and delivery of individual definitive registered Receipts in exchange for such Global Registered Receipt, execute and deliver individual definitive registered Receipts, in authorized
denominations and of like tenor and terms in an aggregate number of Receipts represented thereby equal to the number of Receipts represented by the Global Registered Receipt surrendered in exchange for such Global Registered Receipt. 

Definitive registered Receipts issued in exchange for a Global Registered Receipt pursuant to this Section shall be registered in such
names and in such authorized denominations as the Global Receipt Depository for such Global Registered Receipt shall instruct the Depositary in writing. The Depositary shall deliver such Receipts to the persons in whose names such Receipts are so
registered. 
 Notwithstanding anything to the contrary in this Deposit Agreement, should the Corporation determine that the
Receipts should be issued as a Global Registered Receipt, the parties hereto shall comply with the terms of each Letter of Representations. 
 ARTICLE III  
 CERTAIN OBLIGATIONS OF 

HOLDERS OF RECEIPTS AND THE CORPORATION 
 Section 3.1. Filing Proofs, Certificates and Other Information. 
 Any
Holder of a Receipt may be required from time to time to file such proof of residence, or other matters or other information, to execute such certificates and to make such representations and warranties as the Depositary or the Corporation may
reasonably deem necessary or proper. The Depositary or the Corporation may withhold the delivery, or delay the registration of transfer or redemption, of any Receipt or the withdrawal of the Series G Preferred Stock represented by the
Depositary Shares and evidenced by a Receipt or the distribution of any dividend or other distribution or the sale of any rights or of the proceeds thereof until such proof or other information is filed or such certificates are executed or such
representations and warranties are made. 

  
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 Section 3.2. Payment of Taxes or Other Governmental Charges. 

Holders of Receipts shall be obligated to make payments to the Depositary of certain charges and expenses, as provided in
Section 5.7. Registration of transfer of any Receipt or any withdrawal of Series G Preferred Stock and all money or other property, if any, represented by the Depositary Shares evidenced by such Receipt may be refused until any such
payment due is made, and any dividends or other distributions (including of any liquidation preference) may be withheld or any part of or all the Series G Preferred Stock or other property represented by the Depositary Shares evidenced by such
Receipt and not theretofore sold may be sold for the account of the Holder thereof (after attempting by reasonable means to notify such Holder prior to such sale), and such dividends or other distributions (including of any liquidation preference)
or the proceeds of any such sale may be applied to any payment of such charges or expenses, the Holder of such Receipt remaining liable for any deficiency. 
 Section 3.3. Warranty as to Series G Preferred Stock. 
 The
Corporation hereby represents and warrants that the Series G Preferred Stock, when issued, will be duly authorized, validly issued, fully paid and nonassessable. Such representation and warranty shall survive the deposit of the Series G
Preferred Stock and the issuance of the related Receipts. 
 Section 3.4. Warranty as to Receipts. 

The Corporation hereby represents and warrants that the Receipts, when issued, will represent legal and valid interests in the
Series G Preferred Stock. Such representation and warranty shall survive the deposit of the Series G Preferred Stock and the issuance of the Receipts. 
 ARTICLE IV  
 THE DEPOSITED SECURITIES; NOTICES 

Section 4.1. Cash Distributions. 
 Whenever the Depositary shall receive any cash dividend or other cash distribution on the Series G Preferred Stock, the Depositary shall, subject to Sections 3.1 and 3.2, distribute to Record
Holders of Receipts on the record date fixed pursuant to Section 4.4 such amounts of such dividend or distribution as are, as nearly as practicable, in proportion to the respective numbers of Depositary Shares evidenced by the Receipts held by
such Holders; provided, however, that in case the Corporation or the Depositary shall be required to withhold and shall withhold from any cash dividend or other cash distribution in respect of the Series G Preferred Stock an amount on account
of taxes, the amount made available for distribution or distributed in respect of Depositary Shares shall be reduced accordingly. The Depositary shall distribute or make available for distribution, as the case may be, only such amount, however, as
can be distributed without attributing to any Holder of Receipts a fraction of one cent, and any balance not so distributable shall be held by the Depositary (without liability for interest thereon) and shall be added to and be treated as part of
the next sum received by the Depositary for distribution to Record Holders of Receipts then outstanding. Each Holder of a Receipt shall provide the Depositary with its certified tax identification number on a properly completed Form W-8 or W-9, as
may be applicable. Each Holder of a Receipt acknowledges that, in the event of non-compliance with the preceding sentence, the Internal Revenue Code of 1986, as amended, may require withholding by the Depositary of a portion of any of the
distributions to be made hereunder. 

  
 -10-

 Section 4.2. Distributions Other than Cash, Rights, Preferences or Privileges.

 Whenever the Depositary shall receive any distribution other than cash, rights, preferences or privileges upon the
Series G Preferred Stock, the Depositary shall, at the direction of the Corporation, subject to Sections 3.1 and 3.2, distribute to Record Holders of Receipts on the record date fixed pursuant to Section 4.4 such amounts of the
securities or property received by it as are, as nearly as practicable, in proportion to the respective numbers of Depositary Shares evidenced by such Receipts held by such Holders, in any manner that the Depositary may deem equitable and
practicable for accomplishing such distribution. If in the opinion of the Depositary such distribution cannot be made proportionately among such Record Holders in accordance with the direction of the Corporation, or if for any other reason
(including any requirement that the Corporation or the Depositary withhold an amount on account of taxes) the Depositary deems, after consultation with the Corporation, such distribution not to be feasible, the Depositary may, with the approval of
the Corporation, adopt such method as it deems equitable and practicable for the purpose of effecting such distribution, including the sale (at public or private sale) of the securities or property thus received, or any part thereof, in a
commercially reasonable manner. The net proceeds of any such sale shall, subject to Sections 3.1 and 3.2, be distributed or made available for distribution, as the case may be, by the Depositary to Record Holders of Receipts as provided by
Section 4.1 in the case of a distribution received in cash. The Corporation shall not make any distribution of such securities or property to the Depositary and the Depositary shall not make any distribution of such securities or property to
the Holders of Receipts unless the Corporation shall have provided an opinion of counsel stating that such securities or property have been registered under the Securities Act or do not need to be registered in connection with such distributions.

 Section 4.3. Subscription Rights, Preferences or Privileges. 

If the Corporation shall at any time offer or cause to be offered to the persons in whose names the Series G Preferred Stock is
recorded on the books of the Corporation any rights, preferences or privileges to subscribe for or to purchase any securities or any rights, preferences or privileges of any other nature, such rights, preferences or privileges shall in each such
instance be made available by the Depositary to the Record Holders of Receipts in such manner as the Corporation shall instruct the Depositary in writing, either by the issuance to such Record Holders of warrants representing such rights,
preferences or privileges or by such other method as may be approved by the Depositary in its discretion with the approval of the Corporation; provided, however, that (i) if at the time of issue or offer of any such rights, preferences or
privileges the Depositary determines that it is not lawful or (after consultation with the Corporation) not feasible to make such rights, preferences or privileges available to Holders of Receipts by the issuance of warrants or otherwise, or
(ii) if and to the extent so instructed by Holders of Receipts who do not desire to exercise such rights, preferences or privileges, then the Depositary, in its discretion (with approval of the Corporation, in any case where the Depositary has
determined that it is not feasible to make such rights, preferences or 

  
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privileges available), may, if applicable laws or the terms of such rights, preferences or privileges permit such transfer, sell such rights, preferences or privileges at public or private sale,
at such place or places and upon such terms as it may deem proper. The net proceeds of any such sale shall, subject to Sections 3.1 and 3.2, be distributed by the Depositary to the Record Holders of Receipts entitled thereto as provided by
Section 4.1 in the case of a distribution received in cash. 
 The Corporation shall notify the Depositary whether
registration under the Securities Act of the securities to which any rights, preferences or privileges relate is required in order for Holders of Receipts to be offered or sold the securities to which such rights, preferences or privileges relate,
and the Corporation agrees with the Depositary that it will file promptly a registration statement pursuant to the Securities Act with respect to such securities to which such rights, preferences or privileges relate and use its reasonable best
efforts and take all steps available to it to cause such registration statement to become effective sufficiently in advance of the expiration of such rights, preferences or privileges to enable such Holders to exercise such rights, preferences or
privileges. In no event shall the Depositary make available to the Holders of Receipts any right, preference or privilege to subscribe for or to purchase any securities unless and until such registration statement shall have become effective, or the
Corporation shall have provided to the Depositary an opinion of counsel to the effect that the offering and sale of such securities to the Holders are exempt from registration under the provisions of the Securities Act. 

The Corporation shall notify the Depositary whether any other action under the laws of any jurisdiction or any governmental or
administrative authorization, consent or permit is required in order for such rights, preferences or privileges to be made available to Holders of Receipts, and the Corporation agrees with the Depositary that the Corporation will use its reasonable
best efforts to take such action or obtain such authorization, consent or permit sufficiently in advance of the expiration of such rights, preferences or privileges to enable such Holders to exercise such rights, preferences or privileges.

 Section 4.4. Notice of Dividends, etc.; Fixing Record Date for Holders of Receipts. 

Whenever any cash dividend or other cash distribution shall become payable or any distribution other than cash shall be made, or if
rights, preferences or privileges shall at any time be offered, with respect to the Series G Preferred Stock, or whenever the Depositary shall receive notice of any meeting at which holders of the Series G Preferred Stock are entitled to
vote or of which holders of the Series G Preferred Stock are entitled to notice, or whenever the Depositary and the Corporation shall decide it is appropriate, the Depositary shall in each such instance fix a record date (which shall be the
same date as the record date fixed by the Corporation with respect to or otherwise in accordance with the terms of the Series G Preferred Stock, as identified to the Depositary by the Corporation) for the determination of the Holders of
Receipts who shall be entitled to receive such dividend, distribution, rights, preferences or privileges or the net proceeds of the sale thereof, or to give instructions for the exercise of voting rights at any such meeting, or who shall be entitled
to notice of such meeting or for any other appropriate reasons. 

  
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 Section 4.5. Voting Rights. 

Upon receipt of notice of any meeting at which the holders of the Series G Preferred Stock are entitled to vote, the Depositary
shall, as soon as practicable thereafter, mail to the Record Holders of Receipts a notice prepared by the Corporation which shall contain (i) such information as is contained in such notice of meeting and (ii) a statement that the Holders
may, subject to any applicable restrictions, instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series G Preferred Stock represented by their respective Depositary Shares (including an express indication
that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation) and a brief statement as to the manner in which such instructions may be given. Upon the written request of the Holders of
Receipts on the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted, in accordance with the instructions set forth in such requests, the maximum number of whole shares of Series G Preferred
Stock represented by the Depositary Shares evidenced by all Receipts as to which any particular voting instructions are received. The Corporation hereby agrees to take all reasonable action which may be deemed necessary by the Depositary in order to
enable the Depositary to vote such Series G Preferred Stock or cause such Series G Preferred Stock to be voted. In the absence of specific instructions from Holders of Receipts, the Depositary will vote, to the extent permitted by the
rules of the New York Stock Exchange or any other applicable regulatory body, the Series G Preferred Stock represented by the Depositary Shares evidenced by the Receipts of such Holders proportionately with votes cast pursuant to instructions
received from the other Holders. 
 Section 4.6. Changes Affecting Deposited Securities and Reclassifications,
Recapitalizations, etc. 
 Upon any change in par or stated value, split-up, combination or any other reclassification of
the Series G Preferred Stock or upon any recapitalization, reorganization, merger or consolidation affecting the Corporation or to which it is a party, the Depositary may in its discretion with the approval of, and shall upon the instructions
of, the Corporation, and (in either case) in such manner as the Depositary may deem equitable, (i) make such adjustments as are certified by the Corporation in the fraction of an interest represented by one Depositary Share in one share of
Series G Preferred Stock and in the ratio of the redemption price per Depositary Share to the redemption price per share of Series G Preferred Stock, in each case as may be necessary fully to reflect the effects of such change in par or
stated value, split-up, combination or other reclassification of the Series G Preferred Stock, or of such recapitalization, reorganization, merger or consolidation and (ii) treat any securities which shall be received by the Depositary in
exchange for or upon conversion of or in respect of the Series G Preferred Stock as new deposited securities so received in exchange for or upon conversion or in respect of such Series G Preferred Stock. In any such case, the Depositary
may in its discretion, with the approval of the Corporation, execute and deliver additional Receipts or may call for the surrender of all outstanding Receipts to be exchanged for new Receipts specifically describing such new deposited securities.
Anything to the contrary herein notwithstanding, Holders of Receipts shall have the right from and after the effective date of any such change in par or stated value, split-up, combination or other reclassification of the Series G Preferred
Stock or any such recapitalization, reorganization, merger or consolidation to surrender such Receipts to the Depositary with instructions to convert, exchange or surrender the Series G Preferred Stock represented thereby only into or for, as
the case may be, the kind and amount of shares and other securities and property and cash into which the Series G Preferred Stock represented by such Receipts might have been converted or for which such Series G Preferred Stock might have
been exchanged or surrendered immediately prior to the effective date of such transaction. 

  
 -13-

 Section 4.7. Delivery of Reports. 

The Depositary shall furnish to Holders of Receipts any reports and communications received from the Corporation which are received by
the Depositary and which the Corporation is required to furnish to the holders of the Series G Preferred Stock. 

Section 4.8. Lists of Receipt Holders. 
 Reasonably promptly upon request from time to time by the Corporation, at the sole expense of the Corporation, the Depositary shall furnish to it a list, as of the most recent practicable date, of the
names, addresses and holdings of Depositary Shares of all registered Holders of Receipts. 
 ARTICLE V  

THE DEPOSITARY, THE DEPOSITARY’S 
 AGENTS, THE REGISTRAR AND THE CORPORATION 
 Section 5.1.
Maintenance of Offices, Agencies and Transfer Books by the Depositary; Registrar. 
 Upon execution of this Deposit
Agreement, the Depositary shall maintain at the Depositary’s Office facilities for the execution and delivery, registration and registration of transfer, surrender and exchange of Receipts, and at the offices of the Depositary’s Agents, if
any, facilities for the delivery, registration of transfer, surrender and exchange of Receipts, all in accordance with the provisions of this Deposit Agreement. 
 The Depositary shall keep books at the Depositary’s Office for the registration and registration of transfer, surrender and exchange of Receipts, which books at all reasonable times shall be open for
inspection by the Record Holders of Receipts; provided that any such Holder requesting to exercise such right shall certify to the Depositary that such inspection shall be for a proper purpose reasonably related to such person’s interest as an
owner of Depositary Shares evidenced by the Receipts. 
 The Depositary may close such books, at any time or from time to time,
when deemed expedient by it in connection with the performance of its duties hereunder. 
 The Depositary may, with the approval
of the Corporation, appoint a Registrar for registration of the Receipts or the Depositary Shares evidenced thereby. If the Receipts or the Depositary Shares evidenced thereby or the Series G Preferred Stock represented by such Depositary
Shares shall be listed on one or more national securities exchanges, the Depositary will appoint a Registrar (acceptable to the Corporation) for registration of the Receipts or Depositary Shares in accordance with any requirements of such exchange.
Such Registrar (which may be the Depositary if so permitted by the requirements of any such exchange) may be 

  
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removed and a substitute registrar appointed by the Depositary upon the request or with the approval of the Corporation. If the Receipts, Depositary Shares or Series G Preferred Stock are
listed on one or more other securities exchanges, the Depositary will, at the request of the Corporation, arrange such facilities for the delivery, registration, registration of transfer, surrender and exchange of the Receipts, Depositary Shares or
Series G Preferred Stock as may be required by law or applicable securities exchange regulation. 
 Section 5.2.
Prevention of or Delay in Performance by the Depositary, the Depositary’s Agents, the Registrar or the Corporation. 

Neither the Depositary nor any Depositary’s Agent nor any Registrar nor the Corporation shall incur any liability to any Holder of a
Receipt if by reason of any provision of any present or future law, or regulation thereunder, of the United States of America or of any other governmental authority or, in the case of the Depositary, the Depositary’s Agent or the Registrar, by
reason of any provision, present or future, of the Corporation’s Restated Articles of Incorporation (including the Articles) or by reason of any act of God or war or other circumstance beyond the control of the relevant party, the Depositary,
the Depositary’s Agent, the Registrar or the Corporation shall be prevented or forbidden from, or subjected to any penalty on account of, doing or performing any act or thing which the terms of this Deposit Agreement provide shall be done or
performed; nor shall the Depositary, any Depositary’s Agent, any Registrar or the Corporation incur liability to any Holder of a Receipt (i) by reason of any nonperformance or delay, caused as aforesaid, in the performance of any act or
thing which the terms of this Deposit Agreement provide shall or may be done or performed, or (ii) by reason of any exercise of, or failure to exercise, any discretion provided for in this Deposit Agreement except as otherwise explicitly set
forth in this Deposit Agreement. 
 Section 5.3. Obligations of the Depositary, the Depositary’s Agents, the
Registrar and the Corporation. 
 None of the Depositary, any Depositary’s Agent, any Registrar or the Corporation
assumes any obligation or shall be subject to any liability under this Deposit Agreement to Holders of Receipts other than for its negligence, willful misconduct or bad faith. Notwithstanding anything in this Deposit Agreement to the contrary,
neither the Depositary nor any Depositary’s Agent nor any Registrar nor the Corporation shall be liable in any event for special, punitive, incidental, indirect or consequential losses or damages of any kind whatsoever (including but not
limited to lost profits). 
 None of the Depositary, any Depositary’s Agent, any Registrar or the Corporation shall be
under any obligation to appear in, prosecute or defend any action, suit or other proceeding in respect of the Series G Preferred Stock, the Depositary Shares or the Receipts which in its opinion may involve it in expense or liability unless
indemnity satisfactory to it against all expense and liability be furnished as often as may be required. 
 None of the
Depositary, any Depositary’s Agent, any Registrar or the Corporation shall be liable for any action or any failure to act by it in reliance upon the written advice of legal counsel or accountants, or information from any person presenting
Series G Preferred Stock for deposit, any Holder of a Receipt or any other person believed by it in good faith to be competent to give such information. The Depositary, any Depositary’s Agent, any Registrar and the Corporation may each
rely and shall each be protected in acting upon or omitting to act upon any written notice, request, direction or other document believed by it to be genuine and to have been signed or presented by the proper party or parties. 

  
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 The Depositary will indemnify the Corporation (including each of their officers, directors
and employees) against any liability which may directly arise out of acts performed or omitted by the Depositary or any Depositary Agent due to its or their negligence, willful misconduct or bad faith. 

The Depositary shall not be responsible for any failure to carry out any instruction to vote any of the shares of Series G Preferred
Stock or for the manner or effect of any such vote made, as long as any such action or non-action is not taken in bad faith. The Depositary undertakes, and any Registrar shall be required to undertake, to perform such duties and only such duties as
are specifically set forth in this Deposit Agreement, and no implied covenants or obligations shall be read into this Deposit Agreement against the Depositary or any Registrar. 

The Depositary, any Depositary’s Agents and any Registrar may own and deal in any class of securities of the Corporation and its
affiliates and in Receipts. The Depositary may also act as transfer agent or registrar of any of the securities of the Corporation and its affiliates. 
 The Depositary shall not be under any liability for interest on any monies at any time received by it pursuant to any of the provisions of this Deposit Agreement or of the Receipts, the Depositary Shares
or the Series G Preferred Stock nor shall it be obligated to segregate such monies from other monies held by it, except as required by law. The Depositary shall not be responsible for advancing funds on behalf of the Corporation and shall have
no duty or obligation to make any payments if it has not timely received sufficient funds to make timely payments. 
 In the
event the Depositary believes any ambiguity or uncertainty exists hereunder or in any notice, instruction, direction, request or other communication, paper or document received by the Depositary hereunder, or in the administration of any of the
provisions of this Deposit Agreement, or the Depositary shall deem it necessary or desirable that a matter be proved or established prior to taking, omitting or suffering to take any action hereunder, the Depositary may, in its sole discretion upon
written notice to the Corporation, refrain from taking any action and shall be fully protected and shall not be liable in any way to the Corporation, any Holders of Receipts or any other person or entity for refraining from taking such action,
unless the Depositary receives written instructions or a certificate signed by the Corporation which eliminates such ambiguity or uncertainty to the satisfaction of the Depositary or which proves or establishes the applicable matter to the
satisfaction of the Depositary. The Depositary shall not be liable to the Corporation or any Holder of Receipts for any action taken by it in accordance with the written instruction of the Corporation or the Holders of Receipts. 

  
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 Section 5.4. Resignation and Removal of the Depositary; Appointment of Successor
Depositary. 
 The Depositary may at any time resign as Depositary hereunder by delivering notice of its election to do so
to the Corporation, such resignation to take effect upon the appointment of a successor Depositary and its acceptance of such appointment as hereinafter provided. 
 The Depositary may at any time be removed by the Corporation by notice of such removal delivered to the Depositary, such removal to take effect upon the appointment of a successor Depositary hereunder and
its acceptance of such appointment as hereinafter provided. 
 In case at any time the Depositary acting hereunder shall resign
or be removed, the Corporation shall, within 60 days after the delivery of the notice of resignation or removal, as the case may be, appoint a successor Depositary, which shall be a bank or trust company having its principal office in the
United States of America and having a combined capital and surplus of at least $50,000,000. If no successor Depositary shall have been so appointed and have accepted appointment within 60 days after delivery of such notice, the resigning or
removed Depositary may petition any court of competent jurisdiction for the appointment of a successor Depositary. Every successor Depositary shall execute and deliver to its predecessor and to the Corporation an instrument in writing accepting its
appointment hereunder, and thereupon such successor Depositary, without any further act or deed, shall become fully vested with all the rights, powers, duties and obligations of its predecessor and for all purposes shall be the Depositary under this
Deposit Agreement, and such predecessor, upon payment of all sums due it and on the written request of the Corporation, shall promptly execute and deliver an instrument transferring to such successor all rights and powers of such predecessor
hereunder, shall duly assign, transfer and deliver all right, title and interest in the Series G Preferred Stock and any moneys or property held hereunder to such successor, and shall deliver to such successor a list of the Record Holders of
all outstanding Receipts and such records, books and other information in its possession relating thereto. Any successor Depositary shall promptly mail notice of its appointment to the Record Holders of Receipts. 

Any entity into or with which the Depositary may be merged, consolidated or converted shall be the successor of the Depositary without
the execution or filing of any document or any further act, and notice thereof shall not be required hereunder. Such successor Depositary may authenticate the Receipts in the name of the predecessor Depositary or its own name as successor
Depositary. 
 Section 5.5. Corporate Notices and Reports. 

The Corporation agrees that it will deliver to the Depositary, and the Depositary will, promptly after receipt thereof, transmit to the
Record Holders of Receipts, in each case at the addresses recorded in the Depositary’s books, copies of all notices and reports (including without limitation financial statements) required by law, by the rules of any national securities
exchange upon which the Series G Preferred Stock, the Depositary Shares or the Receipts are listed or by the Corporation’s Restated Articles of Incorporation (including the Articles), to be furnished to the Record Holders of Receipts. Such
transmission will be at the Corporation’s expense and the Corporation will provide the Depositary with such number of copies of such documents as the Depositary may reasonably request. In addition, the Depositary will transmit to the Record
Holders of Receipts at the Corporation’s expense such other documents as may be requested by the Corporation. 

  
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 Section 5.6. Indemnification by the Corporation. 

Notwithstanding Section 5.3 to the contrary, the Corporation shall indemnify the Depositary, any Depositary’s Agent and any
Registrar (including each of their officers, directors, agents and employees) against, and hold each of them harmless from, any loss, damage, cost, penalty, liability or expense (including the reasonable costs and expenses of defending itself) which
may arise out of acts performed, suffered or omitted to be taken in connection with this Deposit Agreement and the Receipts by the Depositary, any Registrar or any of their respective agents (including any Depositary’s Agent) and any
transactions or documents contemplated hereby, except for any liability arising out of negligence, willful misconduct or bad faith on the respective parts of any such person or persons. The obligations of the Corporation set forth in this
Section 5.6 shall survive any succession of any Depositary, Registrar or Depositary’s Agent. 
 Section 5.7.
Fees, Charges and Expenses. 
 The Corporation agrees promptly to pay the Depositary the compensation to be agreed upon
with the Corporation for all services rendered by the Depositary hereunder and to reimburse the Depositary for its reasonable out-of-pocket expenses (including reasonable counsel fees and expenses) incurred by the Depositary without negligence,
willful misconduct or bad faith on its part (or on the part of any agent or Depositary Agent) in connection with the services rendered by it (or such agent or Depositary Agent) hereunder. The Corporation shall pay all charges of the Depositary in
connection with the initial deposit of the Series G Preferred Stock and the initial issuance of the Depositary Shares, all withdrawals of shares of Series G Preferred Stock by owners of Depositary Shares, and any redemption or exchange of
the Series G Preferred Stock at the option of the Corporation. The Corporation shall pay all transfer and other taxes and governmental charges arising solely from the existence of the depositary arrangements. All other transfer and other taxes
and governmental charges shall be at the expense of Holders of Depositary Shares evidenced by Receipts. If, at the request of a Holder of Receipts, the Depositary incurs charges or expenses for which the Corporation is not otherwise liable
hereunder, such Holder will be liable for such charges and expenses; provided, however, that the Depositary may, at its sole option, require a Holder of a Receipt to prepay the Depositary any charge or expense the Depositary has been asked to incur
at the request of such Holder of Receipts. The Depositary shall present its statement for charges and expenses to the Corporation at such intervals as the Corporation and the Depositary may agree. 

ARTICLE VI  

AMENDMENT AND TERMINATION 
 Section 6.1. Amendment. 
 The form of the Receipts and any provisions
of this Deposit Agreement may at any time and from time to time be amended by agreement between the Corporation and the 

  
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Depositary in any respect which they may deem necessary or desirable; provided, however, that no such amendment which shall materially and adversely alter the rights of the Holders of Receipts
shall be effective unless such amendment shall have been approved by the Holders of Receipts representing in the aggregate a majority (or, in the case of amendments relating to or affecting rights to receive dividends or distributions or voting or
redemption rights, at least two-thirds) of the Depositary Shares then outstanding. Every Holder of an outstanding Receipt at the time any such amendment becomes effective shall be deemed, by continuing to hold such Receipt, to consent and agree to
such amendment and to be bound by this Depositary Agreement as amended thereby. In no event shall any amendment impair the right, subject to the provisions of Sections 2.5 and 2.6 and Article III, of any owner of Depositary Shares to surrender
any Receipt evidencing such Depositary Shares to the Depositary with instructions to deliver to the Holder the Series G Preferred Stock and all money and other property, if any, represented thereby, except in order to comply with mandatory
provisions of applicable law or the rules and regulations of any governmental body, agency or commission, or applicable securities exchange. 
 Section 6.2. Termination. 
 This Deposit Agreement may be terminated
by the Corporation at any time upon not less than 60 days prior written notice to the Depositary, in which case, at least 30 days prior to the date fixed in such notice for such termination, the Depositary will mail notice of such termination to the
Record Holders of all Receipts then outstanding. If any Receipts shall remain outstanding after the date of termination of this Deposit Agreement, the Depositary thereafter shall discontinue the transfer of Receipts, shall suspend the distribution
of dividends to the Holders thereof and shall not give any further notices (other than notice of such termination) or perform any further acts under this Deposit Agreement, except that the Depositary shall continue to collect dividends and other
distributions pertaining to Series G Preferred Stock, shall sell rights, preferences or privileges as provided in this Deposit Agreement and shall deliver the number of whole or fractional shares of Series G Preferred Stock and any money
and other property, if any, represented by Receipts upon surrender thereof by the Holders thereof. At any time after the expiration of two years from the date of termination, the Depositary may sell Series G Preferred Stock then held hereunder
at public or private sale, at such places and upon such terms as it deems proper and may thereafter hold the net proceeds of any such sale, together with any money and other property held by it hereunder, without liability for interest, for the
benefit, pro rata in accordance with their holdings, of the Holders of Receipts that have not theretofore been surrendered. After making such sale, the Depositary shall be discharged from all obligations under this Deposit Agreement except to
account for such net proceeds and money and other property, and it obligations to the Corporation under Section 5.3. 

This Deposit Agreement shall terminate automatically if (i) all outstanding Depositary Shares issued hereunder have been redeemed
pursuant to Section 2.8 or (ii) there shall have been made a final distribution in respect of the Series G Preferred Stock in connection with any liquidation, dissolution or winding up of the Corporation and such distribution shall
have been distributed to the Holders of Receipts representing Depositary Shares pursuant to Section 4.1 or 4.2, as applicable. 

  
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 Upon the termination of this Deposit Agreement, the Corporation shall be discharged from all
obligations under this Deposit Agreement except for its obligations to the Depositary, any Depositary’s Agent and any Registrar under Sections 5.6 and 5.7. 
 ARTICLE VII  
 MISCELLANEOUS 

Section 7.1. Counterparts. 
 This Deposit Agreement may be executed in any number of counterparts, and by each of the parties hereto on separate counterparts, each of which counterparts, when so executed and delivered, shall be
deemed an original, but all such counterparts taken together shall constitute one and the same instrument. 
 Section 7.2.
Benefit of this Deposit Agreement. 
 Nothing in this Deposit Agreement expressed and nothing that may be implied from
any of the provisions hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties hereto and the Record Holders any right, remedy or claim under or by reason of this Deposit Agreement or of
any covenant, condition, stipulation, promise or agreement hereof, and all covenants, conditions, stipulations, promises and agreements in this Deposit Agreement contained shall be for the sole and exclusive benefit of the parties hereto and their
successors and of the Record Holders. 
 Section 7.3. Invalidity of Provisions. 

In case any one or more of the provisions contained in this Deposit Agreement or in the Receipts should be or become invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein or therein shall in no way be affected, prejudiced or disturbed thereby. 

Section 7.4. Notices. 
 Any and all notices to be given to the Corporation hereunder or under the Receipts shall be in writing and shall be deemed to have been duly given if personally delivered or sent by mail, or by telegram
or facsimile transmission or electronic mail, confirmed by letter, addressed to the Corporation at 
 Zions Bancorporation

 One South Main Street, Suite 1500 
 Salt Lake City, Utah 84111 
 Attn: Secretary 

Fax: (801) 524-2129 
 or at
any other addresses of which the Corporation shall have notified the Depositary in writing. 
 Any and all notices to be given
to the Depositary hereunder or under the Receipts shall be in writing and shall be deemed to have been duly given if personally delivered or sent by mail, or by facsimile transmission confirmed by letter, addressed to the Depositary at the
Depositary’s Office at 

  
 -20-

 Zions First National Bank 

One South Main Street, Suite 1200 
 Salt Lake City, Utah 84133 
 Attn: Corporate Trust 

Fax: (801) 594-8018 
 or at
any other address of which the Depositary shall have notified the Corporation in writing. 
 Any and all notices to be given to
any Record Holder of a Receipt hereunder or under the Receipts shall be in writing and shall be deemed to have been duly given if personally delivered or sent by mail or facsimile transmission or confirmed by letter, addressed to such Record Holder
at the address of such Record Holder as it appears on the books of the Depositary, or if such Holder shall have timely filed with the Depositary a written request that notices intended for such Holder be mailed to some other address, at the address
designated in such request. 
 Delivery of a notice sent by mail or by facsimile transmission shall be deemed to be effected at
the time when a duly addressed letter containing the same (or a confirmation thereof in the case of a facsimile transmission) is deposited, postage prepaid, in a post office letter box. The Depositary or the Corporation may, however, act upon any
facsimile transmission received by it from the other or from any Holder of a Receipt, notwithstanding that such facsimile transmission shall not subsequently be confirmed by letter or as aforesaid. 

Section 7.5. Depositary’s Agents. 
 The Depositary may from time to time appoint Depositary’s Agents to act in any respect for the Depositary for the purposes of this Deposit Agreement and may at any time appoint additional
Depositary’s Agents and vary or terminate the appointment of such Depositary’s Agents. The Depositary will promptly notify the Corporation of any such action. 
 Section 7.6. Appointment of Registrar and Transfer Agent in Respect of the Receipts. 
 The Corporation hereby appoints the Depositary as registrar and transfer agent in respect of the Receipts and the Depositary hereby accepts such appointments. With respect to the appointments of the
Depositary as registrar and transfer agent in respect of the Receipts, each of the Corporation and the Depositary, in their respective capacities under such appointments, shall be entitled to the same rights, indemnities, immunities and benefits as
the Corporation and Depositary (in its capacity as the Depositary) hereunder, respectively, as if explicitly named in each such provision. 

  
 -21-

 Section 7.7. Appointment of Calculation Agent. 

The Corporation hereby appoints the Depositary as calculation agent solely with respect to calculating the amount of dividends to be paid
with respect to the Series G Preferred Stock, including determining Three-Month LIBOR, if applicable, in the manner and at the times provided in the Articles, and the Depositary hereby accepts such appointment. The Depositary, in its capacity
as the calculation agent, shall communicate in writing such determination of Three-Month LIBOR and its calculation of the amount of such dividends to the Corporation in the manner set forth in Section 7.4 hereof or, alternately, to the
Corporation via electronic mail (at an electronic mail address provided to the Depositary by the Corporation), followed by a telephonic confirmation. With respect to the appointment of the Depositary as calculation agent, each of the Corporation and
the Depositary, in their respective capacities under such appointment, shall be entitled to the same rights, indemnities, immunities and benefits as the Corporation and Depositary (in its capacity as the Depositary) hereunder, respectively, as if
explicitly named in each such provision. In furtherance thereof, the Depositary, as calculation agent, may seek guidance from the Corporation in making any determinations under the terms of the Articles. 

Section 7.8. Holders of Receipts Are Parties. 
 The Holders of Receipts from time to time shall be parties to this Deposit Agreement and shall be bound by all of the terms and conditions hereof and of the Receipts and of the Officer’s Certificate
by acceptance of delivery thereof. 
 Section 7.9. Governing Law. 

This Deposit Agreement and the Receipts and all rights hereunder and thereunder and provisions hereof and thereof shall be governed by,
and construed in accordance with, the laws of the State of New York without giving effect to applicable conflicts of law principles. 
 Section 7.10. Inspection of Deposit Agreement. 
 Copies of this
Deposit Agreement shall be filed with the Depositary and the Depositary’s Agents and shall be open to inspection during business hours at the Depositary’s Office and the respective offices of the Depositary’s Agents, if any, by any
Holder of a Receipt. 
 Section 7.11. Headings. 

The headings of articles and sections in this Deposit Agreement have been inserted for convenience only and are not to be regarded as a
part of this Deposit Agreement or the Receipts or to have any bearing upon the meaning or interpretation of any provision contained herein or in the Receipts. 
 [Remainder of page intentionally left blank; signature page follows.] 

  
 -22-

 IN WITNESS WHEREOF, the Corporation and the Depositary have duly executed this Deposit
Agreement as of the day and year first above set forth, and all Holders of Receipts shall become parties hereto by and upon acceptance by them of delivery of Receipts issued in accordance with the terms hereof. 

 

			
	ZIONS BANCORPORATION
		
	By:	 	 
	 Name:
 Title:
	 	 Alexander J. Hume
 Executive
Vice President and Controller

  

			
	ZIONS FIRST NATIONAL BANK,
as Depositary
		
	By:	 	 
	 Name:
 Title:
	 	 Shelene Brown
 Authorized
Officer

 [Deposit Agreement] 

 EXHIBIT A 
 [FORM OF FACE OF RECEIPT] 
 UNLESS THIS RECEIPT IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO ZIONS BANCORPORATION OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

DEPOSITARY SHARES 

DR 
 DEPOSITARY
RECEIPT FOR DEPOSITARY SHARES, EACH 
 REPRESENTING ONE-FORTIETH OF ONE SHARE OF 

SERIES G FIXED/FLOATING RATE NON-CUMULATIVE PERPETUAL PREFERRED 

STOCK OF ZIONS BANCORPORATION INCORPORATED UNDER THE LAWS OF THE STATE OF UTAH 

CUSIP 989701 859 

Zions First National Bank, as Depositary (the “Depositary”), hereby certifies that Cede & Co. is the registered owner
of             Depositary Shares (“Depositary Shares”), each Depositary Share representing one-fortieth of one share of Series G Fixed/Floating Rate Non-Cumulative Perpetual
Preferred Stock, without par value, with a liquidation preference of $1,000 per share (the “Series G Preferred Stock”), of Zions Bancorporation, a Utah corporation (the “Corporation”), on deposit with the Depositary, subject
to the terms and entitled to the benefits of the Deposit Agreement dated as of February 7, 2013 (the “Deposit Agreement”), among the Corporation, the Depositary and the Holders from time to time of receipts evidencing Depositary
Shares (“Receipts”). By accepting this Receipt, the Holder hereof becomes a party to and agrees to be bound by all the terms and conditions of the Deposit Agreement. This Receipt shall not be valid or obligatory for any purpose or entitled
to any benefits under the Deposit Agreement unless it shall have been executed by the Depositary by the manual signature of a duly authorized officer or, if executed in facsimile by the Depositary, countersigned by a Registrar in respect of the
Depositary Receipts by the manual signature of a duly authorized officer thereof. 
 Dated: 

ZIONS FIRST NATIONAL BANK, 
 as Depositary

  

			
	By:	 	 
		 	Authorized Officer

  
 A-1

 [FORM OF REVERSE OF RECEIPT] 

ZIONS BANCORPORATION 
 The Corporation will furnish without charge to each receiptholder who so requests a copy of the Deposit Agreement and a copy or summary of the Articles of Amendment relating to the Series G Preferred
Stock. Any such request is to be addressed to the Depositary named on the face of this Receipt. 
 The Corporation will furnish
without charge to each receiptholder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof of the Corporation, and the qualifications, limitations
or restrictions of such preferences and/or rights. Such request may be made to the Corporation or to the Registrar. 

EXPLANATION OF ABBREVIATIONS 
 The following abbreviations when used in the form of ownership on the face of this Receipt shall be construed as though they were written out in full according to applicable laws or regulations.
Abbreviations in addition to those appearing below may be used. 
  

							
	 Abbreviation
	  	 Equivalent Phrase
	  	Abbreviation	  	Equivalent Phrase
	JT TEN	  	As joint tenants, with right of survivorship and not as tenants in common	  	TEN BY ENT	  	As tenants by the entireties
	TEN IN COM	  	As tenants in common	  	UNIF GIFT MIN ACT	  	Uniform Gifts to Minors Act

  

											
	 Abbreviation
	  	 Equivalent Word
	  	Abbreviation	  	Equivalent Word	  	Abbreviation	  	Equivalent Word
	ADM	  	Administrator(s), Administratrix	  	EX	  	Executor(s),
Executrix	  	PAR	  	Paragraph
	AGMT	  	Agreement	  	FBO	  	For the benefit of	  	PL	  	Public Law
	ART	  	Article	  	FDN	  	Foundation	  	TR	  	(As) trustee(s),
for, of
	CH	  	Chapter	  	GDN	  	Guardian(s)	  	U	  	Under
	CUST	  	Custodian for	  	GDNSHP	  	Guardianship	  	UA	  	Under agreement
	DEC	  	Declaration	  	MIN	  	Minor(s)	  	UW	  	Under will of, Of
will of, Under
last will &
testament
	EST	  	Estate, of Estate of	  		  		  		  	

  
 A-2

 For value received,
            hereby sell(s), assign(s) and transfer(s) unto 
  

					
		  	  
 INSERT SOCIAL
SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE
	  	
		  	PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE

                    Depositary Shares represented by
the within Receipt, and do(es) hereby irrevocably constitute and appoint                     Attorney to transfer the said Depositary Shares on the
books of the within named Depositary with full power of substitution in the premises. 
 Dated:
                     
 NOTICE: The
signature to the assignment must correspond with the name as written upon the face of this Receipt in every particular, without alteration or enlargement or any change whatsoever. 
 SIGNATURE GUARANTEED 
 NOTICE: If applicable, the signature(s) should be guaranteed by an eligible
guarantor institution (banks, stockbrokers, savings and loan associations, and credit unions with membership in an approved signature guarantee medallion program), pursuant to Rule 17Ad-15 under the Securities Exchange Act of 1934. 

  
 A-3

 EXHIBIT B 
 ARTICLES OF AMENDMENT 

  
 B-1

 EXHIBIT C 
 FORM OF OFFICER’S CERTIFICATE 
 I,
                    [name],
                    [title] of Zions Bancorporation (the “Corporation”), hereby certify that pursuant to the terms of the Articles of
Amendment filed with the Utah Division of Corporations and Commercial Code on February 5, 2013 (the “Articles of Amendment”), and pursuant to resolutions adopted by the Board of Directors of the Corporation (the “Board of
Directors”) on January 25, 2013, the Corporation has established the Series G Fixed/Floating Rate Non-Cumulative Perpetual Preferred Stock, without par value, with a liquidation preference of $1,000 per share (the “Series G
Preferred Stock”), which the Corporation desires to deposit with the Depositary for the purposes of being subject to the terms and conditions of the Deposit Agreement, dated as of February 7, 2013, by and among the Corporation, Zions First
National Bank and the Holders of Receipts issued thereunder from time to time (the “Deposit Agreement”). In connection therewith, the Board of Directors or a duly authorized committee thereof or an authorized officer of the Corporation has
authorized the terms and conditions with respect to the Series G Preferred Stock as described in the Articles of Amendment attached as Annex A hereto. Any terms of the Series G Preferred Stock that are not so described in the Articles of
Amendment and any terms of the Receipts representing such Series G Preferred Stock that are not described in the Deposit Agreement are described below: 
 Aggregate Number of shares of Series G Preferred Stock issued on the day hereof: [—] 
 CUSIP Number for Receipt: 989701 859 
 Denomination of Depositary Share per share of Series G
Preferred Stock: 1/40th of a share of Series G Preferred Stock 
 Redemption Provisions (if different than as set forth in the Deposit
Agreement): N/A 
 Name of Global Receipt Depositary: The Depository Trust Company 
 Name of Registrar and Transfer Agent with Respect to the Receipts: Zions First National Bank 

Name of Registrar and Transfer Agent with Respect to the Series G Preferred Stock: Zions First National Bank 

Name of Calculation Agent: Zions First National Bank 
 Special terms and conditions: None 
 Closing date:
[—] 
 All capitalized terms used but not defined herein shall have such
meaning as ascribed thereto in the Deposit Agreement. 

  
 C-1

 This certificate is dated [—]. 

 

			
		
		 	 
		 	 Name:

Title:

  
 C-2EX-4.1

 Exhibit 4.1 

 
  
  

CARNIVAL CORPORATION 
 As Issuer, 
 CARNIVAL PLC 

As Guarantor, 

and 
 U.S. BANK
NATIONAL ASSOCIATION, 
 As Trustee 
  

 
 SECOND
SUPPLEMENTAL INDENTURE 
 Dated as of February 7, 2013 

 
  

Supplemental to Indenture 
 Dated as of December 6, 2012 
  

 
 Amending Certain
Provisions of the Indenture 
 and 
 Creating a series of Securities 
 designated as 

1.20% Senior Notes Due 2016 

  

							
	 TABLE OF CONTENTS

 
 ARTICLE ONE THE 2016 NOTES
	  			
			
	 Section 101
	 	Provisions Applicable Only to 2016 Notes	  	 	2	  
	 Section 102
	 	Designation of 2016 Notes; Establishment of Form	  	 	2	  
	 Section 103
	 	Amount	  	 	2	  
	 Section 104
	 	Interest	  	 	2	  
	 Section 105
	 	Denominations	  	 	3	  
	 Section 106
	 	Paying Agent and Registrar	  	 	3	  
	 Section 107
	 	Place of Payment	  	 	3	  
	 Section 108
	 	Stated Maturity	  	 	3	  
	 Section 109
	 	Redemption	  	 	4	  
	 Section 110
	 	Repurchase	  	 	4	  
	 Section 111
	 	Payment of Additional Amounts	  	 	4	  
	 Section 112
	 	Other Terms of 2016 Notes	  	 	4	  
	 Section 113
	 	Definitions	  	 	4	  
	 Section 114
	 	Repurchase at the Option of the Holders Upon a Change of Control Triggering Event	  	 	6	  
	 Section 115
	 	Limitation on Liens	  	 	9	  
			
		 	ARTICLE TWO MISCELLANEOUS PROVISIONS	  			
	 Section 201
	 	Integral Part	  	 	10	  
	 Section 202
	 	General Definitions	  	 	10	  
	 Section 203
	 	Adoption, Ratification and Confirmation	  	 	10	  
	 Section 204
	 	Counterparts	  	 	10	  
	 Section 205
	 	Governing Law	  	 	10	  
	 Section 206
	 	Conflict of Any Provision of Indenture with Trust Indenture Act of 1939	  	 	10	  
	 Section 207
	 	Effect of Headings	  	 	10	  
	 Section 208
	 	Severability of Provisions	  	 	11	  
	 Section 209
	 	Successors and Assigns	  	 	11	  
	 Section 210
	 	Benefit of Supplemental Indenture	  	 	11	  
	 Section 211
	 	Acceptance by Trustee	  	 	11	  
			
	 ANNEX A
	 		  	 	A-1	  

  

 CARNIVAL CORPORATION 

SECOND SUPPLEMENTAL INDENTURE 
 SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of February 7, 2013, between Carnival Corporation, a corporation organized and existing under the laws of the
Republic of Panama (the “Company”), Carnival plc, a company incorporated and registered under the laws of England and Wales (the “Guarantor”) and U.S. Bank National Association, a national banking association organized and
existing under the laws of the United States of America (the “Trustee”). 
 WITNESSETH 

WHEREAS, the Company and the Guarantor have heretofore executed and delivered to the Trustee an Indenture, dated as of December 6,
2012, as supplemented by the Supplemental Indenture, dated as of December 6, 2012 (as so supplemented, the “Indenture”), providing for the issuance from time to time of its debentures, notes, bonds or other evidences of indebtedness
(hereinafter called “Securities”) in one or more fully registered series; 
 WHEREAS, Sections 2.1, 3.1
and 9.1(vii) of the Indenture provide that the Company, the Guarantor and the Trustee may from time to time enter into one or more indentures supplemental thereto to establish the form or terms of a new series of Securities; and 

WHEREAS, the Company desires to issue 1.20% Senior Notes Due 2016 (the “2016 Notes”), a new series of Securities, the issuance
of which was authorized pursuant to resolutions adopted by the Offering Committee of the Company and the Guarantor on January 31, 2013; 
 WHEREAS, all things necessary have been done to make this Supplemental Indenture a valid agreement of the Company and the Guarantor, in accordance with their and its terms, and to make the 2016 Notes,
when executed by the Company and the Guarantor and authenticated and delivered hereunder and duly issued by the Company, the valid obligations of the Company and the Guarantor. 
 NOW THEREFORE: 
 In consideration of the promises provided for herein, the Company,
the Guarantor and the Trustee mutually covenant and agree as follows: 

 ARTICLE ONE 
 THE 2016 Notes 
 Section 101 Provisions Applicable Only to 2016 Notes.

 The provisions contained in this Article One shall apply to the 2016 Notes only and not to any other series of Securities
issued under the Indenture and any covenants provided herein are expressly being included solely for the benefit of the 2016 Notes and not for the benefit of any other series of Security issued under the Indenture. These provisions shall be
effective for so long as there remain any 2016 Notes Outstanding. 
 Section 102 Designation of 2016 Notes;
Establishment of Form. 
 There shall be a series of 2016 Notes designated “1.20% Senior Notes Due 2016” of the
Company, guaranteed by the Guarantor, and the form thereof shall be substantially as set forth in Annex A hereto, which is incorporated into and shall be deemed a part of this Supplemental Indenture, with such appropriate insertions,
omissions, substitutions and other variations as are required or permitted by the 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 officer or officers of the Company executing such 2016 Notes, as evidenced by their execution of the 2016 Notes. 

Section 103 Amount. 
 The Trustee shall authenticate and deliver 2016 Notes for original issue in an aggregate principal amount of up to $500,000,000 upon a Company Order for the authentication and delivery of 2016 Notes,
without any further action by the Company. The aggregate principal amount of 2016 Notes that may be authenticated and delivered under the Indenture, as supplemented hereby, is unlimited. The Company may, without the consent of the Holders of the
2016 Notes, issue additional notes having the same ranking and the same interest rate, maturity and other terms as the 2016 Notes. Any additional 2016 Notes, together with the original issuance of 2016 Notes, will constitute a single series of 2016
Notes under the Indenture. No additional 2016 Notes may be issued if an Event of Default has occurred with respect to the 2016 Notes. The Company may not issue new 2016 Notes to replace 2016 Notes that it has paid or delivered to the Trustee for
cancellation. 
 Section 104 Interest 

Outstanding 2016 Notes shall bear interest at the rate of 1.20% per annum, from February 7, 2013 or from the most recent
Interest Payment Date on which interest has been paid or duly provided for, semi-annually on February 5 and August 5 (each, an “Interest Payment Date”) in each year, commencing August 5, 2013, until the principal thereof is
paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name the 2016 Notes (or, one or more
Predecessor Securities) are registered at the close of business on 

  
 2 

 
the Regular Record Date for such interest, which shall be January 20 or July 20 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any
such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name the 2016 Notes (or, one or more Predecessor Securities) are
registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice thereof shall be given to Holders of 2016 Notes of this series not less than 10 days prior to such Special
Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the 2016 Notes of this series may be listed, and upon such notice as may be required by such exchange, all as
more fully provided in said Indenture.
 In accordance with Section 3.10 of the Indenture, interest on the 2016 Notes shall
be computed on the basis of a 360-day year of twelve 30-day months. Each payment of interest on the 2016 Notes shall include interest accrued through the day before the applicable Interest Payment Date for the 2016 Notes. If interest on the 2016
Notes is payable on a Saturday, Sunday or any other day when banks are not open for business in St. Paul, Minnesota or New York, New York, the Company will make the payment on the next Business Day, and no interest will accrue as a result of the
delay in payment. Interest will cease to accrue on a 2016 Note upon its maturity or redemption. 
 Section 105
Denominations. 
 Each 2016 Note shall be in fully registered form without coupons, in a denomination of $2,000 and
integral multiples of $1,000 in excess of $2,000. 
 Section 106 Paying Agent and Registrar. 

The Company initially appoints the Trustee as the Paying Agent and Registrar in connection with the 2016 Notes. 

Section 107 Place of Payment. 
 The Place of Payment for the 2016 Notes and the place or places where the 2016 Notes may be surrendered for registration of transfer, exchange or redemption and where notices may be given to the Company
in respect of the 2016 Notes is at the office of the Trustee in St. Paul, Minnesota or New York, New York and at the agency of the Trustee maintained for that purpose at the office of the Trustee; provided, however, that payment of
interest may be made at the option of the Company by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. 
 Section 108 Stated Maturity. 
 The date on which the principal of the
2016 Notes is due and payable, unless earlier accelerated or redeemed pursuant to the Indenture, shall be February 5, 2016. 

  
 3 

 Section 109 Redemption. 

(a) There shall be no sinking fund for the retirement of the 2016 Notes. 

(b) The Company may redeem each series of 2016 Notes in accordance with and at the redemption prices set forth under the caption
“Optional Redemption” and “Optional Redemption upon Obligation to Pay Additional Amounts” in the 2016 Notes and Section 11.8 of the Indenture, and in accordance with the provisions of the Indenture, including Article XI of
the Indenture. 
 Section 110 Repurchase. 
 The 2016 Notes shall be repurchased by the Company, at the option of the Holder, in accordance with the provisions and at the repurchase price set forth in Section 114 of this Supplemental Indenture.

 Section 111 Payment of Additional Amounts. 

Sections 10.5, 11.8 and 15.2 of the Indenture shall apply to the 2016 Notes. 

Section 112 Other Terms of 2016 Notes 
 The 2016 Notes shall have the other terms and provisions set forth in the form of 2016 Note attached hereto as Annex A to this Supplemental Indenture with the same force and effect as if such terms
and provisions were set forth in full herein, and such other terms and provisions as provided in the Indenture and this Supplemental Indenture. 
 Section 113 Definitions. 
 For the purposes of Sections 114 and 115 of
this Supplemental Indenture, the following definitions shall apply. Any other terms used in such section shall have the meanings set forth in this Supplemental Indenture or the Indenture, as applicable. 

“Carnival Corporation & plc Group” means the Carnival Corporation Group and the Carnival plc Group. 

“Carnival Corporation Group” means the Company and all its Subsidiaries from time to time. 

“Carnival plc Group” means the Guarantor and all its Subsidiaries from time to time. 

“Change of Control” means any “person” or “group” (as such terms are used for the purposes of
Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), other than Permitted Holders (each, a “Relevant Person”) is or becomes the “beneficial owner” (as such term is used in
Rule 13d-3 under the Exchange Act), directly or indirectly of such capital stock of the Company and the Guarantor, in each case as is entitled to exercise or direct the exercise of more than 50 percent of the rights to vote to elect members of

  
 4 

 
the boards of directors of each of the Company and the Guarantor; provided (i) such event shall not be deemed a Change of Control so long as one or more of the Permitted Holders have the
right or ability by voting power, contract or otherwise to elect or designate for election a majority of the boards of directors of the Company or the Guarantor, (ii) for the avoidance of doubt, no Change of Control shall occur solely as a
result of either the Company (or any Subsidiary thereof) or the Guarantor (or any Subsidiary thereof) acquiring or owning, at any time, any or all of the capital stock of each other, and (iii) no Change of Control shall be deemed to occur if
all or substantially all of the holders of the capital stock of the Relevant Person immediately after the event which would otherwise have constituted a Change of Control were the holders of the capital stock of the Company and/or the Guarantor with
the same (or substantially the same) pro rata economic interests in the share capital of the Relevant Person as such shareholders had in the capital stock of the Company and/or the Guarantor, respectively, immediately prior to such event. Any direct
or indirect intermediate holding company whose only asset is capital stock of the Company or the Guarantor shall be deemed not to be a “Relevant Person.” 
 “Change of Control Period” means, in respect of any Change of Control, the period commencing on the Relevant Announcement Date in respect of such Change of Control and ending 60 days
after the occurrence of such Change of Control. 
 “Change of Control Triggering Event” means the occurrence of
both a Change of Control and a Rating Downgrade. 
 “GAAP” means generally accepted accounting principles in
the United States in effect on the original issue date of 2016 Notes. 
 “Indebtedness For Borrowed Money” of
any Person means, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments and (c) all guarantee obligations of such
Person with respect to Indebtedness For Borrowed Money of others. 
 “Permitted Holder” means (i) each of
Marilyn B. Arison, Micky Arison, Shari Arison, Michael Arison or their spouses, the children or lineal descendants of Marilyn B. Arison, Micky Arison, Shari Arison, Michael Arison or their spouses, any trust established for the benefit of (or any
charitable trust or non-profit entity established by) any Arison family member mentioned in this clause (i), or any trustee, protector or similar person of such trust or non-profit entity or any “person” (as such term is used in
Section 13(d) or 14(d) of the Exchange Act), directly or indirectly, controlling, controlled by or under common control with any Permitted Holder mentioned in this clause (i), and (ii) any “group” (within the meaning of
Section 13(d)(3) or Section 14(d)(2) of the Exchange Act) the members of which include any of the Permitted Holders specified in clause (i) above, and that (directly or indirectly) hold or acquire beneficial ownership of capital stock
of the Company and/or the Guarantor (a “Permitted Holder Group”), provided that in the case of this clause (ii), the Permitted Holders specified in clause (i) collectively, directly or indirectly, beneficially own more than 50% on a
fully diluted basis of the capital stock of the Company and the Guarantor held by such Permitted Holder Group. Any one or more persons or group whose acquisition of beneficial ownership constitutes a Change of Control in respect of which a Change of
Control Offer (as defined in Section 114 of this 

  
 5 

 
Supplemental Indenture) is made in accordance with the requirements of Section 114 of this Supplemental Indenture will thereafter, together with its (or their) affiliates, constitute an
additional Permitted Holder or Permitted Holders, as applicable. 
 “Person” means any individual, corporation,
limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 

“Rating Agencies” means each of Moody’s Investors Service, Inc. and Standard & Poor’s Rating Service,
a division of The McGraw-Hill Corporation, or any of their respective successors or any national rating agency substituted for either of them as selected by the Company. 
 “Rating Event” means, in respect of any Change of Control, the condition whereby a Rating Downgrade in respect of such Change of Control shall have occurred. 

“Rating Downgrade” means, in respect of any Change of Control, that the 2016 Notes are, within the Change of Control
Period in respect of such Change of Control, downgraded by both of the Rating Agencies to a non-investment grade credit rating (Ba1/BB+, or equivalent, or lower) and are not, within such Change of Control Period subsequently upgraded to an
investment grade rating (Baa3/BBB-, or equivalent, or better) by both of the Rating Agencies. 
 “Relevant Announcement
Date” means, in respect of any Change of Control, the date which is the earlier of (A) the date of the first public announcement of such Change of Control and (B) the date of the earliest Relevant Potential Change of Control
Announcement, if any, in respect of such Change of Control. 
 “Relevant Potential Change of Control
Announcement” means, in respect of any Change of Control, any public announcement or statement by the Company or the Guarantor or any actual or potential bidder or any advisor acting on behalf of any actual or potential bidder of any action
or actions which could give rise to such Change of Control, provided that within 180 days following such announcement or statement such Change of Control shall have occurred. 
 “Security Interest” means a mortgage, pledge, lien, charge, assignment, hypothecation or security interest or any other agreement or arrangement having a similar effect. 

Section 114 Repurchase at the Option of the Holders Upon a Change of Control Triggering Event. 

If a Change of Control Triggering Event occurs, unless the Company has exercised its right to redeem the 2016 Notes in accordance with
the 2016 Notes, the Supplemental Indenture and the Indenture, Holders of 2016 Notes will have the right to require the Company to repurchase all or any part equal to $2,000 or an integral multiple of $1,000 in excess thereof of the 2016 Notes
pursuant to the offer described below (the “Change of Control Offer”). In the Change of Control Offer, the Company will be required to offer payment in cash equal to 101% of the aggregate principal amount of 2016 Notes repurchased plus
accrued and 

  
 6 

 
unpaid interest, if any, on the 2016 Notes repurchased, to the date of purchase (the “Change of Control Payment”). 

Within 30 days following any Change of Control Triggering Event, the Company will be required to mail a notice to Holders of 2016 Notes
describing the transaction or transactions that constitute the Change of Control Triggering Event and offering to repurchase the 2016 Notes on the date specified in the notice, which date will be no earlier than 30 days and no later than 60 days
from the date such notice is mailed (the “Change of Control Payment Date”), pursuant to the procedures described below. 
 Such notice shall state: 
 (1) that the Change of Control Offer is
being made pursuant to this Section 114 and that all 2016 Notes tendered and not withdrawn will be accepted for payment; 
 (2) the purchase price (including the amount of accrued interest) and the Change of Control Payment Date; 
 (3) that any 2016 Note not tendered will continue to accrue interest; 
 (4) that, unless the Company defaults in making payment therefor, any 2016 Note accepted for payment pursuant to the Change of Control Offer shall cease to accrue interest after the Change of Control
Payment Date; 
 (5) that Holders electing to have a 2016 Note purchased pursuant to a Change of Control Offer
will be required to surrender the 2016 Note, with the form entitled “Option of Holder to Elect to Purchase” on the reverse of the 2016 Note completed, to the Paying Agent at the address specified in the notice prior to the close of
business on the third Business Day prior to the Change of Control Payment Date; 
 (6) that Holders will be
entitled to withdraw their election if the Paying Agent receives, not later than the second Business Day prior to the Change of Control Payment Date, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of
2016 Notes the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such 2016 Note purchased; and 
 (7) that Holders whose 2016 Notes are purchased only in part will be issued new 2016 Notes in a principal amount equal to the unpurchased portion of the 2016 Notes surrendered (equal to $2,000 and
integral multiples of $1,000 in excess thereof). 
 If mailed prior to the date of consummation of the Change of Control, the
notice will state that the Change of Control Offer is conditioned on the consummation of the Change of Control on or prior to the Change of Control Payment Date, provided that a Change of Control Offer may only be made in advance of a Change
of Control Triggering Event and be conditional on such Change of Control Triggering Event if a definitive agreement is in place for 

  
 7 

 
the Change of Control Triggering Event at the time such conditional Change of Control Offer is made. 
 On the Change of Control Payment Date, the Company will be required to: 
 (a)
accept for payment all 2016 Notes or portions of 2016 Notes properly tendered pursuant to the Change of Control Offer; 
 (b)
deposit with the paying agent an amount equal to the Change of Control Payment in respect of all 2016 Notes or portions of 2016 Notes properly tendered; and 
 (c) deliver or cause to be delivered to the Trustee the 2016 Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of 2016 Notes or portions of 2016
Notes being purchased. 
 The Paying Agent will promptly mail to each Holder of 2016 Notes so tendered the Change of Control
Purchase Price for such 2016 Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book entry) to each Holder a new 2016 Note equal in principal amount to any unpurchased portion of the 2016 Notes surrendered, if
any; provided that each such new 2016 Note will be in a principal amount of $2,000 and integral multiples of $1,000 in excess thereof. 
 The Company will publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment Date. 

The Company will not be required to make a Change of Control Offer if (i) a third party makes such an offer in the manner, at the
times and otherwise in compliance with the requirements that the Company would have been required to meet had the Company made such an offer, and (ii) such third party purchases all 2016 Notes properly tendered and not withdrawn under its
offer. In addition, the Company will not repurchase any 2016 Notes if there has occurred and is continuing on the Change of Control Payment Date an Event of Default under the Indenture, other than a default in the payment of the Change of Control
Payment upon a Change of Control Triggering Event. 
 The Company must comply with the requirements of Rule 14e-1 under the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the offer or repurchase of the 2016 Notes
as a result of a Change of Control Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with this Section 114 or the 2016 Notes, the Company will be required to comply with the applicable securities
laws and regulations and will not be deemed to have breached its obligations under this Section 114 or the 2016 Notes by virtue of such conflicts. 

  
 8 

 Section 115 Limitation on Liens. 

(a) Neither the Company nor the Guarantor will create or incur, or suffer to be created or incurred or come to exist any Security
Interest in respect of Indebtedness For Borrowed Money on any vessel or other of its respective properties or assets of any kind, real or personal, tangible or intangible, included in the consolidated balance sheet of the Carnival
Corporation & plc Group in accordance with GAAP, nor shall the Company permit any member of the Carnival Corporation & plc Group to do any of the foregoing, unless the Company makes or causes to be made effective provisions whereby
either (i) the 2016 Notes will be secured by a Security Interest on such vessels, properties or assets equally and ratably with (or prior to) all other Indebtedness For Borrowed Money thereby secured or (ii) the 2016 Notes will be secured
by a Security Interest on other vessels, properties or assets with a book value at least equal to the principal amount of the 2016 Notes that ranks prior to all other Indebtedness For Borrowed Money thereby secured. The foregoing restriction does
not apply to any Security Interest in respect of Indebtedness For Borrowed Money up to an amount not greater than 40% of the amount of the total assets of the Carnival Corporation & plc Group as shown in the Carnival Corporation &
plc Group’s most recent consolidated balance sheet (excluding for these purposes the value of any intangible assets). 

(b) Any Security Interest granted to the holders of the 2016 Notes under clauses (i) or (ii) of paragraph (a) above will
terminate automatically when any other Indebtedness For Borrowed Money that causes such Security Interest to be granted ceases to be secured by any vessels, assets or properties of the Carnival Corporation & plc Group. In addition, such
Security Interests shall terminate automatically upon (i) payment in full of the principal of and premium on (if any), together with accrued and unpaid interest on, the 2016 Notes and all other obligations under the Indenture or this
Supplemental Indenture, in respect of the 2016 Notes, that are due and payable at or prior to the time such principal and premium on (if any), together with accrued and unpaid interest, is paid or (ii) the Company shall have exercised its
option to satisfy and discharge all the Securities of the Indenture under Article IV of the Indenture. To the extent that the 2016 Notes are secured by a Security Interest on vessels, properties or assets of Carnival Corporation & plc Group
equally and ratably with other Indebtedness for Borrowed Money, then the collateral release provisions of the security documents for the 2016 Notes will be substantially the same as those set forth in the security documents for the other
Indebtedness for Money Borrowed. 
 Upon receipt of an Officers’ Certificate and an Opinion of Counsel certifying that all
conditions precedent under the this Supplemental Indenture, the Indenture, and security documents, if any, to the release of the Security Interest have been met and any necessary or proper instruments of termination, satisfaction or release prepared
by the Company, the Trustee shall execute, deliver or acknowledge (at the Company’s expense) such documents, instruments or releases to evidence the release of any Security Interest for the benefit of the Holders of the 2016 Notes permitted to
be released pursuant to this Section 115(b). 

  
 9 

 ARTICLE TWO 
 MISCELLANEOUS PROVISIONS 
 Section 201 Integral Part. 

This Supplemental Indenture constitutes an integral part of the Indenture, except that Article One shall relate only to the 2016 Notes.

 Section 202 General Definitions. 
 For all purposes of this Supplemental Indenture, capitalized terms used herein without definition shall have the meanings specified in the Indenture. 

Section 203 Adoption, Ratification and Confirmation. 

The Indenture, as supplemented and amended by this Supplemental Indenture, is in all respects hereby adopted, ratified and confirmed, and
this Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided. The provisions of this Supplemental Indenture shall, subject to the terms hereof, supersede the provisions of the
Indenture to the extent the Indenture is inconsistent herewith. 
 Section 204 Counterparts. 

This Supplemental Indenture may be executed in any number of counterparts, each of which when so executed shall be deemed an original;
and all such counterparts shall together constitute but one and the same instrument. 
 Section 205 Governing Law.

 THIS SUPPLEMENTAL INDENTURE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL
PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK IN ACCORDANCE WITH THE LAWS OF SAID STATE. 
 Section 206 Conflict of Any Provision of Indenture with Trust Indenture Act of 1939. 
 If and to the extent that any provision of this Supplemental Indenture limits, qualifies or conflicts with a provision required under the terms of the Trust Indenture Act of 1939, as amended, such Trust
Indenture Act provision shall control. 
 Section 207 Effect of Headings. 

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

  
 10 

 Section 208 Severability of Provisions. 

In case any provision in this Supplemental Indenture or in the 2016 Notes 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 209 Successors and Assigns. 
 All covenants and agreements in this Supplemental Indenture by the parties hereto shall bind their respective successors and assigns and inure to the benefit of their respective successors and assigns,
whether so expressed or not. 
 Section 210 Benefit of Supplemental Indenture. 

Nothing in this Supplemental Indenture, express or implied, shall give to any Person, other than the parties hereto, any Security
Registrar, any Paying Agent and the Holders of the 2016 Notes, any benefit or any legal or equitable right, remedy or claim under this Supplemental Indenture. 
 Section 211 Acceptance by Trustee. 
 The Trustee accepts the
amendments to the Indenture effected by this Supplemental Indenture and agrees to execute the trusts created by the Indenture as hereby amended, but only upon the terms and conditions set forth in this Supplemental Indenture and the Indenture.
Without limiting the generality of the foregoing, the Trustee assumes no responsibility for the correctness of the recitals contained herein, which shall be taken as the statements of the Company and except as provided in the Indenture the Trustee
shall not be responsible or accountable in any way whatsoever for or with respect to the validity or execution or sufficiency of this Supplemental Indenture and the Trustee makes no representation with respect thereto. 

[Signature page follows.] 

  
 11 

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

					
	CARNIVAL CORPORATION
		
	By:	 	 /s/ Joshua Weinstein

		 	Name:	 	Joshua Weinstein
		 	Title:	 	Vice President & Treasurer

  
  

					
	CARNIVAL PLC
		
	By:	 	 /s/ Joshua Weinstein

		 	Name:	 	Joshua Weinstein
		 	Title:	 	Vice President & Treasurer

  
 [Second Supplemental
Indenture] 

  

					
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ Donald T. Hurrelbrink

		 	Name:	 	Donald T. Hurrelbrink
		 	Title:	 	Vice President

  
 [Second Supplemental
Indenture] 
  

 ANNEX A 
  

[FORM OF FACE OF SECURITY] 
 [UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. EXCEPT AS
OTHERWISE PROVIDED IN SECTION 2.5 OF THE INDENTURE, THIS SECURITY MAY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY TO ANOTHER NOMINEE OF THE DEPOSITORY OR TO A SUCCESSOR DEPOSITORY OR TO A NOMINEE OF SUCH SUCCESSOR DEPOSITORY.]1 

CARNIVAL CORPORATION  
 1.20% Senior Notes Due 2016 
  

							
	$U.S.             	  	 	No.	  	  	 
		  	 	CUSIP:	  	  	143658AZ5
		  	 	ISIN:	  	  	143658AZ51

 CARNIVAL CORPORATION, a corporation duly organized and existing under the laws of the Republic of Panama (herein called
the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), and CARNIVAL PLC, a company incorporated and registered under the laws of England and Wales (herein called the
“Guarantor,” which term includes any successor corporation under the Indenture hereinafter referred to) for value received, hereby promise to pay to
                        , or registered assigns, the principal sum of
                             Dollars on February 5, 2016, and to pay interest thereon from
February 7, 2013 or from the most recent Interest Payment Date on which interest has been paid or duly provided for, semi-annually on February 5 and August 5 in each year, commencing August 5, 2013, at the rate of 1.20% per
annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name
this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular 
  

 

	1 	 Insert paragraph if a Global Security and DTC is the Depository. 

 
Record Date for such interest, which shall be January 20 or July 20 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such
interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or, one or more Predecessor Securities) is registered
at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice thereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date,
or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully
provided in said Indenture. This Security has the benefit of unconditional guarantees by the Guarantor, as more fully described on the reverse hereof. 
 Payment of the principal of (and premium, if any, on) and any such Interest on this Security will be made at the office or agency of the Trustee maintained for that purpose in either the City of New York,
the State of New York, or the City of St. Paul, the State of Minnesota, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that
at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been
executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

[Signature page follows.] 

 IN WITNESS WHEREOF, Carnival Corporation and Carnival plc have caused this Instrument to be
signed by, in each case, a duly authorized officer thereof, manually or in facsimile. 
  
 Dated:             , 201_ 
  

			
	CARNIVAL CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	CARNIVAL PLC
		
	By:	 	 
		 	Name:
		 	Title:

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

 

			
	 U.S. BANK NATIONAL ASSOCIATION,
     As Trustee

		
	By:	 	 
		 	Authorized Officer

  

 [FORM OF REVERSE SIDE OF SECURITY] 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture (the “Base Indenture”), dated as of December 6, 2012, as amended and supplemented by the Supplemental Indenture (the “Supplemental Indenture”), dated as of December 6,
2012 and the Second Supplemental Indenture dated as of February 7, 2013 (the “Second Supplemental Indenture”) (the Base Indenture, as amended and supplemented by the Supplemental Indenture and the Second Supplemental Indenture, the
“Indenture”), each among the Company, the Guarantor and U.S. Bank National Association, as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture with respect to the series of which
this Security is a part), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Guarantor, the
Trustee and the Holders of the Securities and of the tame upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the Series designated on the face hereof. The Company may from time to time, without the
consent of the Holders of Securities, issue additional securities having the same terms and conditions as the Securities in all respects, except for the original issue date, issue price and the first interest payment date. Any such additional
securities will, together with the Securities, constitute a single series of the Securities under the Indenture. 
 Paying
Agent and Registrar 
 Initially, the Trustee will be the Paying Agent and Registrar with respect to this Security. The
Company reserves the right at any time to vary or terminate the appointment of any Paying Agent or Registrar, to appoint additional or other Paying Agents and other Registrars and to approve any change in the office through which any Paying Agent or
Registrar acts; provided that there will at all times be a Paying Agent in the City of New York. 
 Guarantees

 Carnival plc irrevocably, unconditionally, and absolutely guarantees, jointly and severally and on a continuing basis, to
each Holder of Securities, until final and indefeasible payment of the amounts referred to in clause (i) below have been made: (i) the due and punctual payment of principal of and interest on the Securities at any time outstanding and the
due and punctual payment of all other amounts payable, and all other amounts owing, by the Company to the Holders of the Securities under the Indenture and the Securities (including, without limitation, any Additional Amounts which may be owing to
any of the Holders of Securities pursuant to the terms of Section 10.5 of the Indenture), in each case when and as the same shall become due and payable, whether at maturity, by acceleration, by redemption or otherwise and all other monetary

 
obligations of the Company thereunder, all in accordance with the terms and provisions thereof and (ii) the punctual and faithful performance, keeping, observance and fulfillment by the
Company of all duties, agreements, covenants and obligations of the Company under the Indenture and the Securities. 
 The
Guarantees constitute guarantees of payment, performance and compliance and not merely of collection. The obligation of the Guarantor to make any payments may be satisfied by causing the Company or any other Person to make such payments.
Further, the Guarantor agrees to pay any and all costs and expenses (including reasonable attorney’s fees) incurred by the Trustee or any Holder of Securities in enforcing any of their respective rights under the Guarantees. 

Additional Amounts 
 The Company will pay to the Holders such Additional Amounts as may become payable under Section 10.5 of the Indenture. 
 The Guarantor will pay to the Holders such Guarantor Additional Amounts as may become payable under Section 15.2 of the Indenture. 

Optional Redemption 
 The Securities will be redeemable at any time and from time to time, as a whole or in part, at the option of the Company, on at least 30 days, but not more than 60 days, prior notice mailed to
the registered address of each Holder of Securities to be redeemed, at a redemption price equal to the greater of (i) 100% of the principal amount of Securities to be redeemed and (ii) the sum of the present values of the Remaining
Scheduled Payments, as defined below, discounted to the redemption date, on a semi-annual basis, assuming a 360-day year consisting of twelve 30-day months, at the Treasury Rate, as defined below, plus 15 basis points, plus, in either case, accrued
interest to the date of redemption that has not been paid (such redemption price, the “Redemption Price”). 

“Comparable Treasury Issue” means, with respect to the Securities, the United States Treasury security selected by
an Independent Investment Banker as having a maturity comparable to the remaining term (“Remaining Life”) of the Securities being redeemed that would be utilized, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of comparable maturity to the Remaining Life of such Securities. 

“Comparable Treasury Price” means, with respect to any redemption date for the Securities: (1) the average of two
Reference Treasury Dealer Quotations for that redemption date, after excluding the highest and lowest of four of such Reference Treasury Dealer Quotations; or (2) if the Trustee obtains fewer than four Reference Treasury Dealer Quotations, the
average of all quotations obtained by the Trustee. 

 “Independent Investment Banker” means one of the Reference Treasury
Dealers, to be appointed by the Company. 
 “Reference Treasury Dealer” means each of Goldman, Sachs &
Co., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and one other primary U.S. government securities dealer in the United States (each, a “Primary Treasury Dealer”) as selected by the Company, and
their respective successors; provided, however, that if any of the foregoing ceases to be a primary U.S. government securities dealer, the Company will substitute therefor another primary U.S. government securities dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date,
the average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue, expressed in each case as a percentage of its principal amount, quoted in writing to the Trustee by such Reference Treasury Dealer at
3:00 p.m., New York City time, on the third business day preceding such redemption date. 
 “Remaining
Scheduled Payments” means, with respect to each Security to be redeemed, the remaining scheduled payments of the principal thereof and interest thereon that would be due after the related redemption date but for such redemption;
provided, however, that, if such redemption date is not an interest payment date with respect to such Security, the amount of the next succeeding scheduled interest payment thereon will be deemed to be reduced by the amount of interest
accrued thereon to such redemption date. 
 “Treasury Rate” means, with respect to any redemption date for the
Securities: (1) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is
published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury debt securities adjusted to constant maturity under the caption “Treasury Constant
Maturities,” for the maturity corresponding to the Comparable Treasury Issue; provided that if no maturity is within three months before or after the maturity date for the Securities, yields for the two published maturities most closely
corresponding to the Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from those yields on a straight line basis, rounding to the nearest month; or (2) if that release, or any successor
release, is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that redemption date. The Treasury Rate will be calculated on the third business day preceding the redemption date. 

Any redemption or notice of any redemption may, at the Company’s discretion, be subject to one or more conditions precedent,
including, but not limited to, 

 
completion of an equity offering or Change of Control, issuance of indebtedness or other transaction or event. Notice of any redemption in respect thereof will be given prior to the completion
thereof and may be partial as a result of only some of the conditions being satisfied. The Company may provide in such notice that payment of the redemption price and the performance of its obligations with respect to such redemption may be
performed by another person. 
 On and after the redemption date, interest will cease to accrue on the Securities or any portion
thereof called for redemption, unless the Company defaults in the payment of the Redemption Price. On or before the redemption date, the Company shall deposit with a paying agent, or the Trustee, money sufficient to pay the Redemption Price of and
accrued interest on the Securities to be redeemed on such date. If the Company elects to redeem less than all of the Securities, then the Trustee will select the particular Securities to be redeemed by such method as the Trustee deems fair and
appropriate. To the extent consistent with the terms set forth above, the redemption provisions set forth in Article XI of the Indenture shall apply to any such optional redemption. 

Optional Redemption upon Obligation to pay Additional Amounts 

The Securities are redeemable in accordance with Section 11.8 of the Indenture. 

Repurchase at Option of Holder 
 Upon the occurrence of a Change of Control Triggering Event, and subject to certain conditions set forth in the Indenture, the Company will be required to offer to purchase all of the outstanding
Securities at a purchase price equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, thereon to the date of repurchase, as set forth in Section 114 of the Second Supplemental Indenture. 

Additional Covenants 
 The Base Indenture, the Supplemental Indenture and the Second Supplemental Indenture contain certain covenants for the benefit of Holders of the Securities that, among other things, limit the
ability of the Company and Guarantor to create liens and to consolidate, merge or sell all or substantially all of their assets. The limitations are subject to a number of important qualifications and exceptions set forth in the Base Indenture, the
Supplemental Indenture and the Second Supplemental Indenture. 
 Acceleration 

If an Event of Default with respect to the Securities of this series shall occur and be continuing, the principal of the Securities of
this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

 Modification and Waiver 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and
obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the holders of a Majority in principal amount of the
Outstanding Securities of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Outstanding Securities of each series, on behalf of the Holders of all
Outstanding Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security
shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange or in lieu hereof, whether or not notation of such consent or waiver is
made upon this Security. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall
alter or impair the obligation of the Company, which is absolute and unconditional, to pay the amount of principal of (and premium, if any, on) and interest on this Security herein provided, and at the times, place and rate, and in the coin or
currency, herein prescribed. 
 Transfer 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration
of transfer at the office or agency of the Company in any place where the principal of (and premium, if any, on) and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to
the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series of like tenor, of authorized denominations and for the same aggregate
principal amount, will be issued to the designated transferee or transferees. 
 The Securities of this series are issuable only
in registered form without coupons in minimum denominations of $2,000 and integral multiples of $1,000 in excess of $2,000. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are
exchangeable for a like aggregate principal amount of Securities of this series of like tenor of different authorized denominations as requested by the Holder surrendering the same. 

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

 Prior to due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent
shall be affected by notice to the contrary. 
 Definitions 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

Governing Law 
 THIS SECURITY SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 Requests for Copies of the Indenture 
 The Company will furnish to any
Holder upon written request and without charge to the Holder a copy of the Indenture. Requests may be made to Carnival Corporation, 3655 N.W. 87th Avenue, Miami Florida 33178-2428, Attention Investor Relations. 

 OPTION TO ELECT REPAYMENT 

If you want to elect to have this Security repaid by the Company pursuant to Section 114 of the Second Supplemental Indenture upon a
Change of Control Triggering Event, check the following box:  ̈ 
 If you want to
elect to have only part of this Security repaid by the Company pursuant to Section 114 of the Second Supplemental Indenture, state the amount (in denominations of $2,000 and integral multiples of $1,000 in excess thereof):
$                         
  

							
		 		 	
				
	Dated:
                            	 		 	Signed:	 	 
		 		 		 	 (Sign exactly as your name appears
 on the other side of this Security)

		 		 		 	
		 		 	
				
		 		 	Signature Guarantee:    	 	 
		 		 		 	 Participant in a recognized Signature
 Guarantee Medallion Program (or other
 signature guarantor program reasonably

acceptable to the Trustee)

		 		 		 	

  
  

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL SECURITY2 

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

									
	 Date of Exchange
	 	 Amount of decrease in
principal amount of
this
Global Security
	 	
Amount of increase
in principal amount of this
Global Security
	 	 Principal amount of this
Global Security
following
such decrease
 (or increase)
	 	 Signature of

authorized signatory
 of Trustee or Custodian

  
  

 

	2 	This schedule should be included only if the Security is a Global Security. 

 ASSIGNMENT FORM 
 For each Security fill in the form below: 
 Assign and transfer this Security to 

 
  

 
  
 (Transferee’s soc. sec. or tax ID no.) 
  

 
  

 
  

 
 (Print or type assignee’s
name, address and zip code) 
 I irrevocably appoint
                                         
    agent to transfer this Security on the books of the Company. The agent may substitute another to act for him. 
 Date:
                                         
    
  

			
	
		
	Your Signature:	 	 
		 	
		
	 	 	 

 (Sign exactly as your name appears on the other side of this Security)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00212-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00212-of-00352.parquet"}]]