Document:

Form of Subordinated Indenture

 Exhibit 4.7 
  

MOLINA HEALTHCARE, INC. 
  
 as Issuer 
  
 and 
  
 [TRUSTEE], 
  
 as Trustee 
  
 INDENTURE 
  
 Dated as of
                    , 200     
  
 Providing for the Issuance 
  
 of 
  
 Subordinated Debt Securities 

 MOLINA HEALTHCARE, INC. 
 Reconciliation and tie between Trust Indenture Act of 1939 
 and Indenture dated as of
                     , 200     
  

					
	 TRUST INDENTURE ACT SECTION

	  	 INDENTURE SECTION

	 Section 310
	 	(a) (1)	  	607
	 	 	(a) (2)	  	607
	 	 	(a) (3)	  	613
	 	 	(a) (4)	  	Not Applicable
	 	 	(b)	  	608, 612
	 Section 311
	 	(a)	  	614
	 	 	(b)	  	614
	 Section 312
	 	(a)	  	701
	 	 	(b)	  	701
	 	 	(c)	  	701
	 Section 313
	 	(a)	  	702
	 	 	(b)	  	702
	 	 	(c)	  	702
	 	 	(d)	  	702
	 Section 314
	 	(a)	  	703
	 	 	(a) (4)	  	1006
	 	 	(b)	  	Not Applicable
	 	 	(c) (1)	  	102
	 	 	(c) (2)	  	102
	 	 	(c) (3)	  	Not Applicable
	 	 	(d)	  	Not Applicable
	 	 	(e)	  	102
	 Section 315
	 	(a)	  	602
	 	 	(b)	  	601
	 	 	(c)	  	602
	 	 	(d)	  	602
	 	 	(e)	  	513
	 Section 316
	 	(a) (last sentence)	  	101 (“Outstanding”)
	 	 	(a) (1) (A)	  	502, 512
	 	 	(a) (1) (B)	  	513
	 	 	(b)	  	508
	 	 	(c)	  	104
	 Section 317
	 	(a) (1)	  	503
	 	 	(a) (2)	  	504
	 	 	(b)	  	1003
	 Section 318
	 	(a)	  	113

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

  
 TABLE OF CONTENTS

  

					
	 	  	 	  	Page

		
	ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  	1
			
	 Section 101.
	  	Definitions	  	1
			
	 Section 102.
	  	Compliance Certificates and Opinions	  	11
			
	 Section 103.
	  	Form of Documents Delivered to Trustee	  	11
			
	 Section 104.
	  	Acts of Holders	  	12
			
	 Section 105.
	  	Notices, Etc., to Trustee and Company	  	14
			
	 Section 106.
	  	Notice to Holders; Waiver	  	14
			
	 Section 107.
	  	Effect of Headings and Table of Contents	  	15
			
	 Section 108.
	  	Successors and Assigns	  	15
			
	 Section 109.
	  	Separability Clause	  	15
			
	 Section 110.
	  	Benefits of Indenture	  	15
			
	 Section 111.
	  	Governing Law	  	16
			
	 Section 112.
	  	Legal Holidays	  	16
			
	 Section 113.
	  	Conflict of Any Provision of Indenture with Trust Indenture Act	  	16
			
	 Section 114.
	  	No Recourse against Others	  	16
			
	 Section 115.
	  	Waiver of Trial by Jury	  	16
		
	ARTICLE II SECURITIES FORMS	  	17
			
	 Section 201.
	  	Forms of Securities	  	17
			
	 Section 202.
	  	Form of Trustee’s Certificate of Authentication	  	17
			
	 Section 203.
	  	Securities Issuable in Global Form	  	17
			
	 Section 204.
	  	Form of Legend for Book-Entry Securities	  	18
		
	ARTICLE III THE SECURITIES	  	19
			
	 Section 301.
	  	Amount Unlimited; Issuable in Series	  	19
			
	 Section 302.
	  	Denominations	  	23
			
	 Section 303.
	  	Execution, Authentication, Delivery and Dating	  	23
			
	 Section 305.
	  	Registration, Registration of Transfer and Exchange	  	28
			
	 Section 306.
	  	Mutilated, Destroyed, Lost and Stolen Securities	  	32
			
	 Section 307.
	  	Payment of Interest; Interest Rights Preserved; Optional Interest Reset	  	33

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page

			
	 Section 308.
	  	Optional Extension of Maturity	  	36
			
	 Section 309.
	  	Persons Deemed Owners	  	37
			
	 Section 310.
	  	Cancellation	  	37
			
	 Section 311.
	  	Computation of Interest	  	38
			
	 Section 312.
	  	Currency and Manner of Payments in Respect of Securities	  	38
			
	 Section 313.
	  	Appointment and Resignation of Successor Exchange Rate Agent	  	41
			
	 Section 314.
	  	CUSIP Numbers	  	42
		
	ARTICLE IV SATISFACTION AND DISCHARGE	  	42
			
	 Section 401.
	  	Satisfaction and Discharge of Indenture	  	42
			
	 Section 402.
	  	Application of Trust Funds	  	44
		
	ARTICLE V REMEDIES	  	44
			
	 Section 501.
	  	Events of Default	  	44
			
	 Section 502.
	  	Acceleration of Maturity; Rescission and Annulment	  	45
			
	 Section 503.
	  	Collection of Indebtedness and Suits for Enforcement by Trustee	  	46
			
	 Section 504.
	  	Trustee May File Proofs of Claim	  	47
			
	 Section 505.
	  	Trustee May Enforce Claims Without Possession of Securities or Coupons	  	48
			
	 Section 506.
	  	Application of Money Collected	  	48
			
	 Section 507.
	  	Limitation on Suits	  	48
			
	 Section 508.
	  	Unconditional Right of Holders to Receive Principal, Premium and Interest and Additional Amounts, if Any	  	49
			
	 Section 509.
	  	Restoration of Rights and Remedies	  	49
			
	 Section 510.
	  	Rights and Remedies Cumulative	  	49
			
	 Section 511.
	  	Delay or Omission Not Waiver	  	50
			
	 Section 512.
	  	Control by Holders of Securities	  	50
			
	 Section 513.
	  	Undertaking for Costs	  	50
			
	 Section 514.
	  	Waiver of Past Defaults	  	50
			
	 Section 515.
	  	Waiver of Usury, Stay or Extension Laws	  	51

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page

		
	ARTICLE VI THE TRUSTEE	  	51
			
	 Section 601.
	  	Notice of Defaults	  	51
			
	 Section 602.
	  	Certain Rights of Trustee	  	52
			
	 Section 603.
	  	Not Responsible for Recitals or Issuance of Securities	  	53
			
	 Section 604.
	  	May Hold Securities	  	54
			
	 Section 605.
	  	Money Held in Trust	  	54
			
	 Section 606.
	  	Compensation and Reimbursement	  	54
			
	 Section 607.
	  	Corporate Trustee Required; Eligibility	  	55
			
	 Section 608.
	  	Resignation and Removal; Appointment of Successor	  	55
			
	 Section 609.
	  	Acceptance of Appointment by Successor	  	56
			
	 Section 610.
	  	Merger, Conversion, Consolidation or Succession to Business	  	57
			
	 Section 611.
	  	Appointment of Authenticating Agent	  	58
			
	 Section 612.
	  	Conflicting Interests	  	60
			
	 Section 613.
	  	Appointment of Co-Trustee	  	60
			
	 Section 614.
	  	Preferential Collection of Claims Against Company	  	61
			
	 Section 615.
	  	Trustee’s Application for Instructions from the Company	  	61
		
	ARTICLE VII HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	  	61
			
	 Section 701.
	  	Disclosure of Names and Addresses of Holders	  	61
			
	 Section 702.
	  	Reports by Trustee	  	62
			
	 Section 703.
	  	Reports by Company	  	62
			
	 Section 704.
	  	Calculation of Original Issue Discount	  	63
		
	ARTICLE VIII CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER	  	63
			
	 Section 801.
	  	Company May Consolidate, Etc., Only on Certain Terms	  	63
			
	 Section 802.
	  	Successor Person Substituted	  	64
			
	 Section 803.
	  	Officers’ Certificate and Opinion of Counsel	  	64
		
	ARTICLE IX SUPPLEMENTAL INDENTURES	  	65
			
	 Section 901.
	  	Supplemental Indentures Without Consent of Holders	  	65
			
	 Section 902.
	  	Supplemental Indentures with Consent of Holders	  	66
			
	 Section 903.
	  	Execution of Supplemental Indentures	  	68
			
	 Section 904.
	  	Effect of Supplemental Indentures	  	68

  

 -iii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page

			
	 Section 905.
	  	Conformity with Trust Indenture Act	  	68
			
	 Section 906.
	  	Reference in Securities to Supplemental Indentures	  	68
			
	 Section 907.
	  	Effect on Senior Indebtedness	  	68
		
	ARTICLE X COVENANTS	  	68
			
	 Section 1001.
	  	Payment of Principal, Premium, if any, and Interest	  	68
			
	 Section 1002.
	  	Maintenance of Office or Agency	  	69
			
	 Section 1003.
	  	Money for Securities Payments to be Held in Trust	  	71
			
	 Section 1004.
	  	Corporate Existence	  	72
			
	 Section 1005.
	  	Additional Amounts	  	72
			
	 Section 1006.
	  	Statement as to Compliance	  	73
			
	 Section 1007.
	  	Waiver of Certain Covenants	  	73
			
	 Section 1008.
	  	Statement by Officers as to Default	  	73
		
	ARTICLE XI REDEMPTION OF SECURITIES	  	74
			
	 Section 1101.
	  	Applicability of Article	  	74
			
	 Section 1102.
	  	Election to Redeem; Notice to Trustee	  	74
			
	 Section 1103.
	  	Selection by Trustee of Securities to be Redeemed	  	74
			
	 Section 1104.
	  	Notice of Redemption	  	74
			
	 Section 1105.
	  	Deposit of Redemption Price	  	76
			
	 Section 1106.
	  	Securities Payable on Redemption Date	  	76
			
	 Section 1107.
	  	Securities Redeemed in Part	  	77
		
	ARTICLE XII SINKING FUNDS	  	77
			
	 Section 1201.
	  	Applicability of Article	  	77
			
	 Section 1202.
	  	Satisfaction of Sinking Fund Payments with Securities	  	78
			
	 Section 1203.
	  	Redemption of Securities for Sinking Fund	  	78
		
	ARTICLE XIII REPAYMENT AT THE OPTION OF HOLDERS	  	78
			
	 Section 1301.
	  	Applicability of Article	  	78
			
	 Section 1302.
	  	Repayment of Securities	  	79
			
	 Section 1303.
	  	Exercise of Option	  	79
			
	 Section 1304.
	  	When Securities Presented for Repayment Become Due and Payable	  	79

  

 -iv- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page

			
	 Section 1305.
	  	Securities Repaid in Part	  	80
		
	ARTICLE XIV DEFEASANCE AND COVENANT DEFEASANCE	  	81
			
	 Section 1401.
	  	Applicability of Article; Company’s Option to Effect Defeasance or Covenant Defeasance	  	81
			
	 Section 1402.
	  	Defeasance and Discharge	  	81
			
	 Section 1403.
	  	Covenant Defeasance	  	82
			
	 Section 1404.
	  	Conditions to Defeasance or Covenant Defeasance	  	82
			
	 Section 1405.
	  	Deposited Money and Government Obligations to Be Held in Trust; Other Miscellaneous Provisions	  	84
			
	 Section 1406.
	  	Reinstatement	  	85
		
	ARTICLE XV MEETINGS OF HOLDERS OF SECURITIES	  	85
			
	 Section 1501.
	  	Purposes for Which Meetings May Be Called	  	85
			
	 Section 1502.
	  	Call, Notice and Place of Meetings	  	85
			
	 Section 1503.
	  	Persons Entitled to Vote at Meetings	  	86
			
	 Section 1504.
	  	Quorum; Action	  	86
			
	 Section 1505.
	  	Determination of Voting Rights; Conduct and Adjournment of Meetings	  	87
			
	 Section 1506.
	  	Counting Votes and Recording Action of Meetings	  	88
		
	ARTICLE XVI SUBORDINATION OF SECURITIES	  	88
			
	 Section 1601.
	  	Agreement to Subordinate	  	88
			
	 Section 1602.
	  	Distribution on Dissolution, Liquidation and Reorganization; Subrogation of Securities	  	89
			
	 Section 1603.
	  	No Payment on Securities in Certain Circumstances	  	90
			
	 Section 1604.
	  	Payments on Securities Permitted	  	92
			
	 Section 1605.
	  	Authorization of Holders to Trustee to Effect Subordination	  	92
			
	 Section 1606.
	  	Notices to Trustee	  	92
			
	 Section 1607.
	  	Trustee as Holder of Senior Indebtedness	  	93
			
	 Section 1608.
	  	Modifications of Terms of Senior Indebtedness	  	93
			
	 Section 1609.
	  	Reliance on Judicial Order or Certificate of Liquidating Agent	  	93
		
	EXHIBIT A – FORMS OF CERTIFICATES	  	 

  

 -v- 

 INDENTURE, dated as of
                    , 200_, between MOLINA HEALTHCARE, INC., a Delaware corporation (hereinafter called the “Company”), having its
principal office at One Golden Shore Drive, Long Beach, California, 90802, and [TRUSTEE], a                     , as Trustee (hereinafter
called the “Trustee”). 
  
 RECITALS OF THE COMPANY

  
 WHEREAS, the Company deems it desirable to issue from time to
time for its lawful purposes subordinated debt securities (hereinafter called the “Securities”) evidencing its unsecured and subordinated indebtedness, which may or may not be convertible into or exchangeable for any securities of any
Person (including the Company), and has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of the Securities, to be issued in one or more series, unlimited as to principal amount, to bear such
rates of interest, to mature at such times and to have such other provisions as provided in this Indenture; 
  
 WHEREAS, this Indenture is subject to the provisions of the Trust Indenture Act of 1939, as amended, that are required to be part of this Indenture and
shall, to the extent applicable, be governed by such provisions; and 
  
 WHEREAS, all things necessary to make this Indenture a valid and legally binding agreement of the Company, in accordance with its terms, have been done; 
  
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
  
 For and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is mutually
covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities and coupons, or of a series thereof, as follows: 
  
 ARTICLE I 
  
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
  
 Section 101. Definitions. 
  
 (a) For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires or unless such
definition is changed or amended in a supplement or amendment to this Indenture: 
  
 (1) the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular;

  
 (2) all other terms used herein which are
defined in the TIA, either directly or by reference therein, have the meanings assigned to them therein, and the terms “cash transaction” and “self-liquidating paper”, as used in TIA Section 311, shall have the meanings
assigned to them in the rules of the Commission adopted under the TIA; 

 (3) all accounting terms not otherwise defined herein have the meanings assigned to them
in accordance with generally accepted accounting principles, and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean
such accounting principles as are generally accepted in the United States at the date of such computation; and 
  
 (4) the words “herein”, “hereof” and “hereunder” and other words of similar import refer to this Indenture
as a whole and not to any particular Article, Section or other subdivision. 
  
 (b) Certain terms, used principally in Article III, Article V and Article VI, are defined in those Articles. 
  
 (c) Other terms are defined as follows: 
  
 “Act”, when used with respect to any Holder, has the meaning specified in Section 104. 
  
 “Additional Amounts” means any additional amounts which are
required by a Security or by or pursuant to a Board Resolution, under circumstances specified therein, to be paid by the Company in respect of certain taxes imposed on certain Holders and which are owing to such Holders. 
  
 “Affiliate” of any specified Person means any other Person directly
or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the
management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the
foregoing. 
  
 “Authenticating Agent” means any Person
appointed by the Trustee to act on behalf of the Trustee pursuant to Section 611 to authenticate Securities. 
  
 “Authorized Newspaper” means a newspaper, in the English language or in an official language of the country of publication, customarily
published on each Business Day, whether or not published on Saturdays, Sundays or holidays, and of general circulation in each place in connection with which the term is used or in the financial community of each such place. Where successive
publications are required to be made in Authorized Newspapers, the successive publications may be made in the same or in different newspapers in the same city meeting the foregoing requirements and in each case on any Business Day. 
  
 “Bearer Security” means any Security established pursuant to
Section 201 which is payable to bearer or that is otherwise not a Registered Security. 
  
 “Board of Directors” means the board of directors of the Company, or the executive committee or any committee of that board duly authorized to act hereunder. 
  

 2 

 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary or any Vice President of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. 
  
 “Business Day”, when used with respect to any Place of Payment or
any other particular location referred to in this Indenture or in the Securities, means, unless otherwise specified with respect to any Securities pursuant to Section 301, each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day
on which banking institutions in that Place of Payment or other location are authorized or obligated by law or executive order to close. 
  
 “Clearstream” means Clearstream Banking societe anonyme or its successor. 
  
 “Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the
Exchange Act, or, if at any time after execution of this Indenture such Commission is not existing and performing the duties now assigned to it under the TIA, then the body performing such duties at such time. 
  
 “Common Depositary” has the meaning specified in Section 304.

  
 “Company” means the Person named as the
“Company” in the first paragraph of this Indenture until a successor corporation shall have become such pursuant to the applicable provisions of this Indenture, and thereafter, “Company” shall mean such successor corporation.

  
 “Company Request” and “Company Order”
mean, respectively, a written request or order signed in the name of the Company by the Chairman, the President, the Chief Executive Officer, the Chief Financial Officer or a Vice President, and by the Treasurer, an Assistant Treasurer, the
Controller or an Assistant Controller, the Secretary or an Assistant Secretary, of the Company, and delivered to the Trustee. 
  
 “Conversion Date” has the meaning specified in Section 312(d). 
  
 “Conversion Event” means the cessation of use of (1) a Foreign Currency both by the government of the country
which issued such Currency and by a central bank or other public institutions of or within the international banking community for the settlement of transactions, (2) the euro for the settlement of transactions by public institutions of or
within the European Communities or (3) any currency unit (or composite currency) other than the euro for the purposes for which such currency unit was established. 
  
 “Corporate Trust Office” means the office of the Trustee at which, at any particular time, its corporate trust
business shall be principally administered, which office at the date hereof is located at [Address], New York, New York [Zip Code]. 
  
 “Corporation” includes corporations, associations, limited liability companies, companies and business trusts. 
  
 “Coupon” means any interest coupon appertaining to a Bearer
Security. 
  

 3 

 “Currency” means any currency or currencies, composite currency or currency unit or currency
units, including, without limitation, the euro, issued by the government of one or more countries or by any reorganized confederation or association of such governments. 
  
 “Default” means any event which is, or after notice or passage of time or both would be, an Event of Default.

  
 “Defaulted Interest” has the meaning specified in
Section 307(a). 
  
 “Depository Participant” means,
with respect to the Depositary Trust Company (the “Depository”) or its nominee, an institution that has an account therewith. 
  
 “Dollar” or “$” means a dollar or other equivalent unit in such coin or currency of the United States of America as at the time shall
be legal tender for the payment of public and private debts. 
  
 “Dollar Equivalent of the Currency Unit” has the meaning specified in Section 312(g). 
  
 “Dollar Equivalent of the Foreign Currency” has the meaning specified in Section 312(f). 
  
 “Election Date” has the meaning specified in Section 312(h).

  
 “Euroclear” means Morgan Guaranty Trust Company of
New York, Brussels Office, or its successor as operator of the Euroclear System. 
  
 “European Communities” means the European Union, the European Coal and Steel Community and the European Atomic Energy Community. 
  
 “Event of Default” has the meaning specified in Section 501. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended. 
  
 “Exchange Date” has the meaning specified
in Section 304. 
  
 “Exchange Rate Agent” means,
with respect to Securities of or within any series, unless otherwise specified with respect to any Securities pursuant to Section 301, a New York Clearing House bank designated pursuant to Section 301 or Section 313. 
  
 “Exchange Rate Officer’s Certificate” means a certificate
setting forth (1) the applicable Market Exchange Rate or the applicable bid quotation and (2) the Dollar or Foreign Currency amounts of principal (and premium, if any) and interest, if any (on an aggregate basis and on the basis of a
Security having the lowest denomination principal amount determined in accordance with Section 302 in the relevant Currency), payable with respect to a Security of any series on the basis of such Market Exchange Rate signed by the Chief
Financial Officer, the Treasurer, the Controller, any Vice President or any Assistant Treasurer or Assistant Controller of the Company. 
  

 4 

 “Foreign Currency” means any Currency, including, without limitation, the euro, issued by the
government of one or more countries other than the United States or by any recognized confederation or association of such governments. 
  
 “Government Obligations” means, unless otherwise specified with respect to any series of Securities pursuant to Section 301, securities
which are: 
  
 (1) direct obligations of the
government which issued the Currency in which the Securities of a particular series are payable, or 
  
 (2) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of such government which issued the
Currency in which the Securities of such series are payable, the payment of which is unconditionally guaranteed by such government, 
  
 which, in either case, are full faith and credit obligations of such government payable in such Currency and are not callable or redeemable at the option of the issuer
thereof, and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of any such Government Obligation held by such
custodian for the account of the holder of a depository receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount
received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of the Government Obligation evidenced by such depository receipt. 
  
 “Holder” means, in the case of a Registered Security, the Person in whose name a Security is registered in the
Security Register and, in the case of a Bearer Security, the bearer thereof and, when used with respect to any coupon, shall mean the bearer thereof. 
  
 “Indenture” means this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures
supplemental hereto entered into pursuant to the applicable provisions hereof, and shall include the terms of particular series of Securities established as contemplated by Section 301; provided, that, if at any time more than one Person is
acting as Trustee under this instrument, “Indenture” shall mean, with respect to any one or more series of Securities for which such Person is Trustee, this instrument as originally executed or as it may from time to time be supplemented
or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of the or those particular series of Securities for which such Person is Trustee established as
contemplated by Section 301, exclusive, however, of any provisions or terms which relate solely to other series of Securities for which such Person is not Trustee, regardless of when such terms or provisions were adopted, and exclusive of any
provisions or terms adopted by means of one or more indentures supplemental hereto executed and delivered after such Person had become such Trustee but to which such Person, as such Trustee, was not a party. 
  
 “Indexed Security” means a Security as to which all or certain
interest payments and/or the principal amount payable at Maturity are determined by reference to prices, changes in prices, or differences between prices, of securities, Currencies, intangibles, goods, articles or 

  

 5 

 
commodities or by such other objective price, economic or other measures as are specified in Section 301 hereof. 
  
 “Interest”, when used with respect to an Original Issue Discount
Security which by its terms bears interest only after Maturity, shall mean interest payable after Maturity, and, when used with respect to a Security which provides for the payment of Additional Amounts pursuant to Section 1005 or otherwise,
includes such Additional Amounts. 
  
 “Interest Payment
Date”, when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security. 
  
 “Market Exchange Rate” means, unless otherwise specified with respect to any Securities pursuant to Section 301, (1) for any
conversion involving a currency unit on the one hand and Dollars or any Foreign Currency on the other, the exchange rate between the relevant currency unit and Dollars or such Foreign Currency calculated by the method specified pursuant to
Section 301 for the Securities of the relevant series, (2) for any conversion of Dollars into any Foreign Currency, the noon (New York City time) buying rate for such Foreign Currency for cable transfers quoted in New York City as
certified for customs purposes by the Federal Reserve Bank of New York and (3) for any conversion of one Foreign Currency into Dollars or another Foreign Currency, the spot rate at noon local time in the relevant market at which, in accordance
with normal banking procedures, the Dollars or Foreign Currency into which conversion is being made could be purchased with the Foreign Currency from which conversion is being made from major banks located in either New York City, London or any
other principal market for Dollars or such purchased Foreign Currency, in each case determined by the Exchange Rate Agent. Unless otherwise specified with respect to any Securities pursuant to Section 301, in the event of the unavailability of
any of the exchange rates provided for in clauses (1), (2) and (3) of this definition, the Exchange Rate Agent shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York as
of the most recent available date, or quotations from one or more major banks in New York City, London or another principal market for the Currency in question, or such other quotations as the Exchange Rate Agent shall deem appropriate. Unless
otherwise specified by the Exchange Rate Agent, if there is more than one market for dealing in any Currency by reason of foreign exchange regulations or otherwise, the market to be used in respect of such Currency shall be that upon which a
non-resident issuer of securities designated in such Currency would purchase such Currency in order to make payments in respect of such securities. 
  
 “Maturity”, when used with respect to any Security, means the date on which the principal of such Security or an installment of principal
becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, notice of redemption, notice of option to elect repayment, notice of exchange or conversion or otherwise. 
  
 “Officers’ Certificate” means a certificate signed by the
Chairman, the President, the Chief Executive Officer, the Chief Financial Officer and by the Treasurer, the Controller, an Assistant Treasurer, the Assistant Controller, the Secretary or an Assistant Secretary of the Company and delivered to the
Trustee. 
  

 6 

 “Opinion of Counsel” means a written opinion of counsel, who may be counsel for the Company or
who may be an employee of or other counsel for the Company. 
  
 “Original Issue Discount Security” means any Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to
Section 502. 
  
 “Outstanding”, when used with
respect to Securities or any series of any Securities, means, as of the date of determination, all Securities or all Securities of such series, as the case may be, theretofore authenticated and delivered under this Indenture, except: 
  
 (1) Securities theretofore cancelled by the Trustee or
delivered to the Trustee for cancellation; 
  
 (2) Securities, or portions thereof, for whose payment or redemption or repayment at the option of the Holder money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in
trust or set aside and segregated in trust by the Company (if the Company shall act as Paying Agent) for the Holders of such Securities and any coupons appertaining thereto, provided that, if such Securities are to be redeemed, notice of such
redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 
  
 (3) Securities, except to the extent provided in Sections 1402 and 1403, with respect to which the Company has effected defeasance
and/or covenant defeasance as provided in Article XIV; and 
  
 (4) Securities which have been paid pursuant to Section 306 or in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, other than any such Securities
in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in whose hands such Securities are valid obligations of the Company; 
  
 provided that, in determining whether the Holders of the requisite principal amount of the
Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder or are present at a meeting of Holders for quorum purposes, and for the purpose of making the calculations required by TIA
Section 313, (i) the principal amount of an Original Issue Discount Security that may be counted in making such determination or calculation and that shall be deemed to be Outstanding for such purpose shall be equal to the amount of
principal thereof that would be (or shall have been declared to be) due and payable, at the time of such determination, upon a declaration of acceleration of the Maturity thereof pursuant to Section 502, (ii) the principal amount of any
Security denominated in a Foreign Currency that may be counted in making such determination or calculation and that shall be deemed Outstanding for such purpose shall be equal to the Dollar equivalent, determined as of the date such Security is
originally issued by the Company as set forth in an Exchange Rate Officer’s Certificate delivered to the Trustee, of the principal amount (or, in the case of an 

  

 7 

 
Original Issue Discount Security or Indexed Security, the Dollar equivalent as of such date of original issuance of the amount determined as provided in
clause (i) or clause (iii) of this definition, respectively) of such Security, (iii) the principal amount of any Indexed Security that may be counted in making such determination or calculation and that shall be deemed outstanding for
such purpose shall be equal to the principal face amount of such Indexed Security at original issuance, unless otherwise provided with respect to such Security pursuant to Section 301, and (iv) Securities owned by the Company or any other
obligor upon the Securities or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in making such calculation or in relying
upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Securities so owned which have been pledged in good
faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or
any Affiliate of the Company or of such other obligor. 
  
 “Paying Agent” means any Person (including the Company acting as Paying Agent) authorized by the Company to pay the principal of (or premium, if any) or interest, if any, on any Securities or coupons on behalf of the Company.

  
 “Person” means any individual, corporation,
partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
  
 “Place of Payment” means, when used with respect to the Securities of or within any series, the place or places
where the principal of (and premium, if any) and interest, if any, on such Securities are payable as specified and as contemplated by Sections 301 and 1002. 
  
 “Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the
same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security or a
Security to which a mutilated, destroyed, lost or stolen coupon appertains shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security or the Security to which the mutilated, destroyed, lost or stolen coupon
appertains. 
  
 “Redeemable Capital Stock” means, with
respect to any series of Securities, any class or series of capital stock that, either by its terms of any security into which it is convertible or exchangeable or by contract or otherwise, is, or upon the happening of an event or passage of time
would be, or required to be redeemed prior to the Maturity of such series of Securities or is redeemable at the option of the holder thereof at any time prior to the Maturity of such series of Securities, or is convertible into or exchangeable for
debt securities at any time prior to such Maturity. 
  
 “Redemption Date”, when used with respect to any Security to be redeemed, in whole or in part, means the date fixed for such redemption by or pursuant to this Indenture. 
  

 8 

 “Redemption Price”, when used with respect to any Security to be redeemed, means the price at
which it is to be redeemed pursuant to this Indenture. 
  
 “Registered Security” means any Security that is registered in the Security Register. 
  
 “Regular Record Date” for the interest payable on any Interest Payment Date on the Registered Securities of or within any series means the date
specified for that purpose as contemplated by Section 301, whether or not a Business Day. 
  
 “Repayment Date” means, when used with respect to any Security to be repaid at the option of the Holder, the date fixed for such repayment by or pursuant to this Indenture. 
  
 “Repayment Price” means, when used with respect to any Security to
be repaid at the option of the Holder, the price at which it is to be repaid by or pursuant to this Indenture. 
  
 “Responsible Officer” shall mean, when used with respect to the Trustee, any officer within the corporate trust department of the Trustee,
including any vice president, assistant vice president, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons who at the time shall be such officers,
respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this Indenture. 
  
 “Security” or “Securities” has the meaning stated in the
first recital of this Indenture and, more particularly, means any Security or Securities authenticated and delivered under this Indenture; provided, that, if at any time there is more than one Person acting as Trustee under this Indenture,
“Securities” with respect to the Indenture as to which such Person is Trustee shall have the meaning stated in the first recital of this Indenture and shall more particularly mean Securities authenticated and delivered under this
Indenture, exclusive, however, of Securities of any series as to which such Person is not Trustee. 
  
 “Security Register” and “Security Registrar” have the respective meanings specified in Section 305. 
  
 “Senior Indebtedness” means the principal of (and premium, if any)
and unpaid interest on (a) indebtedness of the Company (including indebtedness of others guaranteed by the Company), whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed, unless in
the instrument creating or evidencing the same or pursuant to which the same is outstanding it is provided that such indebtedness is not senior or prior in right of payment to the Securities, and (b) renewals, extensions, modifications and
refundings of any such indebtedness. Notwithstanding the foregoing, “Senior Indebtedness” shall not include (1) indebtedness evidenced by the Securities outstanding on the date hereof or thereafter created; (2) indebtedness of
the Company that is expressly subordinated in right of payment to any Senior Indebtedness of the Company or the Securities; (3) indebtedness of the Company that by operation of law is subordinate to any general unsecured obligations of the
Company; (4) indebtedness of the Company to the extent incurred in violation of any covenant of this Indenture; (5) any liability for federal, state or local taxes or other taxes, owed or owing by the Company; (6) indebtedness for
goods, materials or services purchased in the ordinary 

  

 9 

 
course of business or indebtedness consisting of trade account payables or other current liabilities (other than the current portion of long-term
indebtedness which would constitute Senior Indebtedness but for the operation of this clause (6)); (7) amounts owed by the Company for compensation to employees or for services rendered to the Company, (8) indebtedness of the Company to
any Subsidiary or any other Affiliate of the Company or any such Affiliate’s Subsidiaries; (9) Redeemable Capital Stock of the Company; (10) amounts owing under leases and (11) indebtedness which when incurred and without any
respect to any election under Section 111(b) of Title 11 of the United States Code is without recourse to the Company. 
  
 “Special Record Date” for the payment of any Defaulted Interest on the Registered Securities of or within any series means a date fixed by the
Trustee pursuant to Section 307. 
  
 “Stated
Maturity”, when used with respect to any Security or any installment of principal thereof or interest thereon, means the date specified in such Security or a coupon representing such installment of interest as the fixed date on which the
principal of such Security or such installment of principal or interest is due and payable, as such date may be extended pursuant to the provisions of Section 308. 
  
 “Subsidiary” means any corporation of which at the time of determination the Company, directly and/or indirectly
through one or more Subsidiaries, owns more than 50% of the shares of Voting Stock. 
  
 “Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939 as in force at the date as of which this Indenture was executed, except as provided in Section 905. 
  
 “Trustee” means the Person named as the “Trustee” in the
first paragraph of this Indenture until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder;
provided, that if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any series shall mean only the Trustee with respect to Securities of that series. 
  
 “United States” means, unless otherwise specified with respect to
any Securities pursuant to Section 301, the United States of America (including the states and the District of Columbia), its territories, its possessions and other areas subject to its jurisdiction. 
  
 “United States Person” means, unless otherwise specified with
respect to any Securities pursuant to Section 301, an individual who is a citizen or resident of the United States, a corporation, partnership or other entity created or organized in or under the laws of the United States or an estate the
income of which is subject to United States federal income taxation regardless of its source or a trust whose administration is subject to the primary supervision of a United States court and which has one or more United States persons who have the
authority to control all of its decisions. 
  
 “Valuation
Date” has the meaning specified in Section 312(c). 
  

 10 

 “Vice President” when used with respect to the Company or the Trustee, means any vice
president, whether or not designated by a number or a word or words added before or after the title “vice president”. 
  
 “Voting Stock” means stock of the class or classes having general voting power under ordinary circumstances to elect at least a majority of the
board of directors, managers or trustees of a corporation (irrespective of whether or not at the time stock of any other class or classes shall have or might have voting power by reason of the happening of any contingency). 
  
 “Yield to Maturity” means the yield to maturity, computed at the
time of issuance of a Security (or, if applicable, at the most recent redetermination of interest on such Security) and as set forth in such Security in accordance with generally accepted United States bond yield computation principles. 

 
 Section 102. Compliance Certificates and Opinions. 
  
 (a) Upon any application or request by the Company to the
Trustee to take any action under any provision of this Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action
have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of
such documents is specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. 
  
 (b) Every certificate or opinion with respect to compliance with a condition or covenant provided for in
this Indenture (other than pursuant to Section 1006) shall include: 
  
 (1) a statement that each individual signing such certificate or opinion has read such condition or covenant and the definitions herein relating thereto; 
  
 (2) a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinions contained in such certificate or opinion are based; 
  
 (3) a statement that, in the opinion of each such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such condition or covenant
has been complied with; and 
  
 (4) a statement
as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 
  
 Section 103. Form of Documents Delivered to Trustee. 
  
 (a) In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not
necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion as to some 

  

 11 

 
matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion with respect to such matters in one or
several documents. 
  
 (b) Any certificate or
opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon an Opinion of Counsel, or a certificate or representations by counsel, unless such officer knows, or in the exercise of reasonable care should know, that
the opinion, certificate or representations with respect to the matters upon which his certificate or opinion is based are erroneous. Any such Opinion of Counsel or certificate or representations may be based, insofar as it relates to factual
matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company stating that the information as to such factual matters is in the possession of the Company unless such counsel knows, or in the exercise of
reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 
  
 (c) Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions
or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
  
 Section 104. Acts of Holders. 
  
 (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken
by Holders of the Outstanding Securities of all series or one or more series, as the case may be, may be embodied in and evidenced by one or more instruments of substantially similar tenor signed (which may be electronically signed) by such Holders
in person or by agents duly appointed in writing. If Securities of a series are issuable as Bearer Securities, any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by
Holders of Securities of such series may, alternatively, be embodied in and evidenced by the record of Holders of Securities of such series voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Holders
of Securities of such series duly called and held in accordance with the provisions of Article XV, or a combination of such instruments and any such record. Except as herein otherwise expressly provided, such action shall become effective when such
instrument or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are
herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments or so voting at any such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any
Person of a Security, shall be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company and any agent of the Trustee or the Company, if made in the manner provided in this Section. The record of any meeting
of Holders of Securities shall be proved in the manner provided in Section 1506. 
  
 (b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such
execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution
is by a signer acting in a capacity other than his individual 

  

 12 

 
capacity, such certificate or affidavit shall also constitute sufficient proof of authority. The fact and date of the execution of any such instrument or
writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee deems reasonably sufficient. 
  
 (c) The principal amount and serial numbers of Registered Securities held by any Person, and the date of holding the same, shall be proved
by the Security Register. 
  
 (d) The principal
amount and serial numbers of Bearer Securities held by any Person, and the date of holding the same, may be proved by the production of such Bearer Securities or by a certificate executed, as depositary, by any trust company, bank, banker or other
depositary, wherever situated, if such certificate shall be deemed by the Trustee to be satisfactory, showing that at the date therein mentioned such Person had on deposit with such depositary, or exhibited to it, the Bearer Securities therein
described; or such facts may be proved by the certificate or affidavit of the Person holding such Bearer Securities, if such certificate or affidavit is deemed by the Trustee to be satisfactory. The Trustee and the Company may assume that such
ownership of any Bearer Security continues until (1) another certificate or affidavit bearing a later date issued in respect of the same Bearer Security is produced, or (2) such Bearer Security is produced to the Trustee by some other
Person, or (3) such Bearer Security is surrendered in exchange for a Registered Security, or (4) such Bearer Security is no longer Outstanding. The principal amount and serial numbers of Bearer Securities held by any Person, and the date
of holding the same, may also be proved in any other manner that the Trustee deems sufficient. 
  
 (e) If the Company shall solicit from the Holders of Registered Securities any request, demand, authorization, direction, notice, consent,
waiver or other Act, the Company may, at its option, in or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or
other Act, but the Company shall have no obligation to do so. Notwithstanding TIA Section 316(c), such record date shall be the record date specified in or pursuant to such Board Resolution, which shall be a date not earlier than the date 30
days prior to the first solicitation of Holders generally in connection therewith and not later than the date such solicitation is completed. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or
other Act may be given before or after such record date, but only the Holders of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of
Outstanding Securities have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the Outstanding Securities shall be computed as of such record date; provided
that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than 180 days after the record date. 
  
 (f) Any request, demand, authorization, direction, notice,
consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of
anything done, omitted or suffered to be done by the 

  

 13 

 
Trustee, any Security Registrar, any Paying Agent, any Authenticating Agent, or the Company in reliance thereon, whether or not notation of such action is
made upon such Security. 
  
 Section 105. Notices, Etc., to
Trustee and Company. 
  
 (a) Any request,
demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with, 
  
 (1) the Trustee by any Holder or by the Company shall be
sufficient for every purpose hereunder if made, given, furnished or filed in writing ( which may be via facsimile) to or with the Trustee at its Corporate Trust Office, Attention: Corporate Trust Administration, or at any other address previously
furnished in writing by the Trustee to the Holders or the Company, or 
  
 (2) the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the Company
addressed to it at the address of the Company’s principal office specified in the first paragraph of this Indenture or at any other address previously furnished in writing to the Trustee by the Company. 
  
 Section 106. Notice to Holders; Waiver. 
  
 (a) Where this Indenture provides for notice of any event to
Holders of Registered Securities by the Company or the Trustee, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, or by email, to each such Holder affected by
such event, at his physical address or email address as such address appears in the Security Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to
Holders of Registered Securities is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders of Registered
Securities or the sufficiency of any notice to Holders of Bearer Securities given as provided herein. Any notice mailed to a Holder in the manner herein prescribed shall be conclusively deemed to have been received by such Holder, whether or not
such Holder actually receives such notice. 
  
 (b) In case, by reason of the suspension of or irregularities in regular mail service or by reason of any other cause, it shall be impracticable to mail notice of any event to Holders of Registered Securities when such notice is required to
be given pursuant to any provision of this Indenture, then any manner of giving such notice as shall be satisfactory to the Trustee shall be deemed to be sufficient giving of such notice for every purpose hereunder. 
  
 (c) Except as otherwise expressly provided herein or
otherwise specified with respect to any Securities pursuant to Section 301, where this Indenture provides for notice to Holders of Bearer Securities of any event, such notice shall be sufficiently given to Holders of Bearer Securities if
published at least twice in an Authorized Newspaper in The City of New York and in such other city or cities as may be specified in such Securities on a Business Day, the first such publication to be not earlier than the earliest date, and not later
than the latest date, 

  

 14 

 
prescribed for the giving of such notice. Any such notice shall be deemed to have been given on the date of the first such publication. 
  
 (d) If by reason of the suspension of publication of any
Authorized Newspaper or Authorized Newspapers or by reason of any other cause it shall be impracticable to publish any notice to Holders of Bearer Securities as provided above, then such notification to Holders of Bearer Securities as shall be given
with the approval of the Trustee shall constitute sufficient notice to such Holders for every purpose hereunder. Neither the failure to give notice by publication to any Holder of Bearer Securities as provided above, nor any defect in any notice so
published, shall affect the sufficiency of such notice with respect to other Holders of Bearer Securities or the sufficiency of any notice to Holders of Registered Securities given as provided herein. 
  
 (e) Any request, demand, authorization, direction, notice,
consent or waiver required or permitted under this Indenture shall be in the English language, except that any published notice may be in an official language of the country of publication. 
  
 (f) Where this Indenture provides for notice in any manner,
such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such
filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 
  
 Section 107. Effect of Headings and Table of Contents. 
  
 The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 
  
 Section 108. Successors and Assigns. 
  
 All covenants and agreements in this Indenture by the Company shall bind its
successors and assigns, whether so expressed or not. 
  
 Section
109. Separability Clause. 
  
 In case any provision in this
Indenture or in any Security, or coupon 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 110. Benefits of Indenture. 
  
 Nothing in this Indenture or in the Securities, or coupons, express or
implied, shall give to any Person, other than the parties hereto, any Security Registrar, any Paying Agent, any Authenticating Agent and their successors hereunder and the Holders any benefit or any legal or equitable right, remedy or claim under
this Indenture. 
  

 15 

 Section 111. Governing Law. 
  
 This Indenture, the Securities, and coupons shall be governed by and construed in accordance with the law of the State of
New York. This Indenture is subject to the provisions of the Trust Indenture Act that are required to be part of this Indenture and shall, to the extent applicable, be governed by such provisions. 
  
 Section 112. Legal Holidays. 
  
 In any case where any Interest Payment Date, Redemption Date, Repayment Date,
sinking fund payment date, Stated Maturity or Maturity of any Security shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or any Security or coupon other than a provision in the
Securities of any series which specifically states that such provision shall apply in lieu of this Section), payment of principal (or premium, if any) or interest, if any, need not be made at such Place of Payment on such date, but may be made on
the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date, Redemption Date, Repayment Date or sinking fund payment date, or at the Stated Maturity or Maturity; provided that no
interest shall accrue on the amount so payable for the period from and after such Interest Payment Date, Redemption Date, Repayment Date, sinking fund payment date, Stated Maturity or Maturity, as the case may be. 
  
 Section 113. Conflict of Any Provision of Indenture with Trust Indenture
Act. 
  
 If and to the extent that any provision of this
Indenture limits, qualifies or conflicts with any provision (an “incorporated provision”) required by or deemed to be included in this Indenture by operation of the TIA, such imposed duties or incorporated provisions shall control. If any
provision of this Indenture modifies or excludes any provision of the TIA that may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or excluded, as the case may be. 
  
 Section 114. No Recourse against Others. 
  
 A director, officer, employee or stockholder, as such, of the Company shall
not have any liability for any obligations of the Company under the Securities, or this Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder by accepting any of the Securities waives and
releases all such liability. 
  
 Section 115. Waiver of Trial
by Jury. 
  
 The Company, the Trustee, and Holders hereby
irrevocably and unconditionally waive the right to trial by jury in connection with any claim arising out of or relating to the Securities and under this Indenture. 
  

 16 

  
 ARTICLE II 
  
 SECURITIES FORMS 
  
 Section 201. Forms of Securities. 
  
 (a) The Registered Securities, if any, of each series, the Bearer Securities, if any, of each series and
related coupons shall be in substantially the forms as shall be established in one or more indentures supplemental hereto or approved from time to time by or pursuant to a Board Resolution in accordance with Section 301, shall have such
appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture or any indenture supplemental hereto, and may have such letters, numbers or other marks of identification or designation and such
legends or endorsements placed thereon as the Company, as the case may be, may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as may be required to comply with any law or with any rule or regulation made
pursuant thereto or with any rule or regulation of any stock exchange on which the Securities may be listed, or to conform to usage. 
  
 (b) Unless otherwise specified as contemplated by Section 301, Bearer Securities shall have interest coupons attached. 
  
 (c) The definitive Securities and coupons shall be printed,
lithographed or engraved or produced by any combination of these methods on a steel engraved border or steel engraved borders or may be produced in any other manner, all as determined by the officers executing such Securities or coupons, as
evidenced by their execution of such Securities or coupons. 
  
 Section 202. Form of Trustee’s Certificate of Authentication. 
  
 Subject to Section 611, the Trustee’s certificate of authentication shall be in substantially the following form: 
  
 This is one of the Securities of the series designated herein and referred to in the within-mentioned Indenture. 
  

			
	 [TRUSTEE]

	 as Trustee

		
	By	 	 
	 	 	Authorized Signatory

  
 Dated: 
  
 Section 203. Securities Issuable in Global Form. 
  
 (a) If Securities of or within a series are issuable in
global form, as specified as contemplated by Section 301, then, notwithstanding clause (8) of Section 301(b) and the provisions of Section 302, any such Security shall represent such of the Outstanding Securities of 

  

 17 

 
such series as shall be specified therein and may provide that it shall represent the aggregate amount of Outstanding Securities of such series from time to
time endorsed thereon and that the aggregate amount of Outstanding Securities of such series represented thereby may from time to time be increased or decreased to reflect exchanges. Any endorsement of a Security in global form to reflect the
amount, or any increase or decrease in the amount, of Outstanding Securities represented thereby shall be made by the Trustee in such manner and upon instructions given by such Person or Persons as shall be specified therein or in the Company Order
to be delivered to the Trustee pursuant to Section 303 or Section 304. Subject to the provisions of Section 303 and, if applicable, Section 304, the Trustee shall deliver and redeliver any Security in permanent global form in the
manner and upon instructions given by the Person or Persons specified therein or in the applicable Company Order. If a Company Order pursuant to Section 303 or Section 304 has been, or simultaneously is, delivered, any instructions by the
Company with respect to endorsement, delivery or redelivery of a Security in global form shall be in writing but need not comply with Section 102 and need not be accompanied by an Opinion of Counsel. 
  
 (b) The provisions of Section 303(h) shall apply to any
Security represented by a Security in global form if such Security was never issued and sold by the Company and the Company delivers to the Trustee the Security in global form together with written instructions (which need not comply with
Section 102 and need not be accompanied by an Opinion of Counsel) with regard to the reduction in the principal amount of Securities represented thereby, together with the written statement contemplated by the last sentence of Section 303.

  
 (c) Notwithstanding the provisions of
Section 307, unless otherwise specified as contemplated by Section 301, payment of principal of (and premium, if any) and interest, if any, on any Security in permanent global form shall be made to the Person or Persons specified therein.

  
 (d) Notwithstanding the provisions of
Section 309 and except as provided in Subsection (c) of this Section, the Company, the Trustee and any agent of the Company and the Trustee shall treat as the Holder of such principal amount of Outstanding Securities represented by a
permanent global Security (1) in the case of a permanent global Security in registered form, the Holder of such permanent global Security in registered form, or (2) in the case of a permanent global Security in bearer form, Euroclear or
Clearstream. 
  
 Section 204. Form of Legend for Book-Entry
Securities. 
  
 Any Global Security authenticated and
delivered hereunder shall bear a legend (which would be in addition to any other legends required in the case of a restricted Security) in substantially the following form: 
  
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER
THAN SUCH 

  

 18 

 
DEPOSITORY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
  
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TRUST COMPANY TO THE
ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT AND ANY CERTIFICATE ISSUED IN EXCHANGE FOR THIS CERTIFICATE IS REGISTERED IN THE NAME OF CEDE & CO., OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  
 ARTICLE III 
  
 THE SECURITIES 
  
 Section 301. Amount Unlimited; Issuable in Series. 
  
 (a) The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 

 
 (b) The Securities shall be subordinated in right of
payment to Senior Indebtedness as provided in Article XVI. The Securities shall rank equally and pari passu and may be issued in one or more series. There shall be established in one or more Board Resolutions or pursuant to authority granted by one
or more Board Resolutions and, subject to Section 303, set forth, or determined in the manner provided, in an Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any
series, any or all of the following, as applicable (each of which (except for the matters set forth in clauses (1), (2) and (15) of this Section 301(b)), if so provided, may be determined from time to time by the Company with respect
to unissued Securities of the series and set forth in such Securities of the series when issued from time to time): 
  
 (1) the title of the Securities of the series, including CUSIP Numbers (which shall distinguish the Securities of such series from all
other series of Securities); 
  
 (2) any limit
upon the aggregate principal amount of the Securities of the series that may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of,
other Securities of the series pursuant to Section 304, 305, 306, 906, 1107 or 1305) and whether any series may be reopened for additional Securities of that series; in the event that such series of Securities may be reopened from time to time
for issuances of additional Securities of such series, the terms thereof shall indicate whether any such additional Securities shall have the same terms as the prior Securities of such series or whether the Company may establish additional or
different terms with respect to such additional Securities; 
  

 19 

 (3) the date or dates, or the method by which such date or dates will be determined or
extended, on which the principal (and premium, if any,) of the Securities of the series shall be payable; 
  
 (4) the rate or rates at which the Securities of the series shall bear interest, if any, or the method by which such rate or rates shall
be determined, the date or dates from which such interest shall accrue or the method by which such date or dates shall be determined, the Interest Payment Dates on which such interest shall be payable and the Regular Record Date, if any, for the
interest payable on any Registered Security on any Interest Payment Date, or the method by which such date shall be determined, and the basis upon which interest shall be calculated if other than on the basis of a 360-day year of twelve 30-day
months; 
  
 (5) the place or places, if any,
other than or in addition to the Borough of Manhattan, The City of New York, where the principal of (and premium, if any) and interest, if any, on Securities of the series shall be payable, where any Registered Securities of the series may be
surrendered for registration of transfer, where Securities of the series may be surrendered for exchange, where Securities of the series that are convertible or exchangeable may be surrendered for conversion or exchange, as applicable, and where
notices or demands to or upon the Company in respect of the Securities of the series and this Indenture may be served; 
  
 (6) the period or periods within which, or the date or dates on which, the price or prices at which, the Currency or Currencies in which,
and other terms and conditions upon which Securities of the series may be redeemed, in whole or in part, at the option of the Company, if the Company is to have that option; 
  
 (7) the obligation, if any, of the Company to redeem, repay or purchase Securities of the series pursuant to
any sinking fund or analogous provision or at the option of a Holder thereof, and the period or periods within which or the date or dates on which, the price or prices at which, the Currency or Currencies in which, and other terms and conditions
upon which Securities of the series shall be redeemed, repaid or purchased, in whole or in part, pursuant to such obligation; 
  
 (8) if other than denominations of $1,000 and any integral multiple thereof, the denomination or denominations in which any Registered
Securities of the series shall be issuable and, if other than denominations of $5,000 and any integral multiple thereof, the denomination or denominations in which any Bearer Securities of the series shall be issuable; 
  
 (9) if other than the Trustee, the identity of each Security
Registrar and/or Paying Agent; 
  
 (10) if other
than the principal amount thereof, the portion of the principal amount of Securities of the series that shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502 or the method by which such portion shall
be determined; 
  

 20 

 (11) if other than Dollars, the Currency or Currencies in which payment of the principal
of (or premium, if any) or interest, if any, on the Securities of the series shall be made or in which the Securities of the series shall be denominated and the particular provisions applicable thereto in accordance with, in addition to or in lieu
of any of the provisions of Section 312; 
  
 (12) whether the amount of payments of principal of (or premium, if any) or interest, if any, on the Securities of the series may be determined with reference to an index, formula or other method (which index, formula or method may be
based, without limitation, on one or more Currencies, commodities, equity indices or other indices), and the manner in which such amounts shall be determined; 
  

(13) whether the principal of (or premium, if any) or interest, if any, on the Securities of the series are to be payable, at the
election of the Company or a Holder thereof, in a Currency other than that in which such Securities are denominated or stated to be payable, the period or periods within which (including the Election Date), and the terms and conditions upon which,
such election may be made, and the time and manner of determining the exchange rate between the Currency in which such Securities are denominated or stated to be payable and the Currency in which such Securities are to be so payable, in each case in
accordance with, in addition to or in lieu of any of the provisions of Section 312; 
  
 (14) provisions, if any, granting special rights to the Holders of Securities of the series upon the occurrence of such events as may be
specified; 
  
 (15) any deletions from,
modifications of or additions to the Events of Default or covenants or other provisions (including any deletions from, modifications of or additions to any of the provisions of Section 1007) of the Company with respect to Securities of the
series, whether or not such Events of Default or covenants or other provisions are consistent with the Events of Default or covenants or other provisions set forth herein; 
  
 (16) whether Securities of the series are to be issuable as Registered Securities, Bearer Securities or
both, any restrictions applicable to the offer, sale or delivery of Bearer Securities, whether any Securities of the series are to be issuable initially in temporary global form and whether any Securities of the series are to be issuable in
permanent global form with or without coupons and, if so, whether beneficial owners of interests in any such permanent global Security may exchange such interests for Securities of such series and of like tenor of any authorized form and
denomination and the circumstances under which any such exchanges may occur, if other than in the manner provided in Section 305, whether Registered Securities of the series may be exchanged for Bearer Securities of the series (if permitted by
applicable laws and regulations), whether Bearer Securities of the series may be exchanged for Registered Securities of such series, and the circumstances under which and the place or places where any such exchanges may be made and if Securities of
the series are to be issuable in global form, the identity of any initial depository therefor; 
  

 21 

 (17) the date as of which any Bearer Securities of the series and any temporary global
Security representing Outstanding Securities of the series shall be dated if other than the date of original issuance of the first Security of the series to be issued; 
  
 (18) the Person to whom any interest on any Registered Security of the series shall be payable, if other
than the Person in whose name such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, the manner in which, or the Person to whom, any interest on any Bearer Security
of the series shall be payable, if otherwise than upon presentation and surrender of the coupons appertaining thereto as they severally mature, and the extent to which, or the manner in which, any interest payable on a temporary global Security on
an Interest Payment Date will be paid if other than in the manner provided in Section 304; 
  
 (19) the applicability, if any, of Sections 1402 and 1403 to the Securities of the series and any provisions in modification of, in
addition to or in lieu of any of the provisions of Article XIV; 
  
 (20) if the Securities of such series are to be issuable in definitive form (whether upon original issue or upon exchange of a temporary Security of such series) only upon receipt of certain certificates or other
documents or satisfaction of other conditions, then the form and/or terms of such certificates, documents or conditions; 
  
 (21) whether, under what circumstances and the Currency in which, the Company will pay Additional Amounts as contemplated by
Section 1005 on the Securities of the series to any Holder who is not a United States person (including any modification to the definition of such term) in respect of any tax, assessment or governmental charge and, if so, whether the Company
will have the option to redeem such Securities rather than pay such Additional Amounts (and the terms of any such option); 
  
 (22) the designation of the initial Exchange Rate Agent, if any; 
  
 (23) if the Securities of the series are to be convertible into or exchangeable for any securities of any
Person (including the Company), the terms and conditions upon which such Securities of the series will be so convertible or exchangeable (including, without limitation, the initial conversion price or rate, the conversion period, the conversion
agent, if any, adjustments of the applicable conversion price or rate and any requirements with respect to the reservation of shares or Securities for purposes of conversion); 
  
 (24) if the Securities of the series are to be issued upon the exercise of warrants, the time, manner and
place for such Securities to be authenticated and delivered; and 
  
 (25) any other terms of the series (which terms shall not be inconsistent with the requirements of the TIA). 
  

 22 

 (c) All Securities of any one series and the coupons appertaining to any Bearer
Securities of such series shall be substantially identical except, in the case of Registered Securities, as to denomination and except as may otherwise be provided in or pursuant to such Board Resolution (subject to Section 303) and set forth
in such Officers’ Certificate or in any such indenture supplemental hereto. Not all Securities of any one series need to be issued at the same time and, unless otherwise provided, a series may be reopened, without the consent of the Holders,
for issuances of additional Securities of such series or to establish additional terms of such series of Securities (which additional terms shall only be applicable to unissued or additional Securities of such series). 
  
 (d) If any of the terms of the Securities of any series are
established by action taken pursuant to one or more Board Resolutions, a copy of an appropriate record of such action(s) shall be certified by the Secretary or an Assistant Secretary or any Vice President of the Company and delivered to the Trustee
at or prior to the delivery of the Officers’ Certificate setting forth the terms of the Securities of such series. 
  
 Section 302. Denominations. 
  
 The Securities of each series shall be issuable in such denominations as shall be specified as contemplated by Section 301. In the absence of any
such provision with respect to Securities of any series, the principal, premium and interest and Additional Amounts with respect to the Securities shall be payable in Dollars. With respect to Securities of any series denominated in Dollars, in the
absence of any such provisions with respect to the Securities of any series, the Registered Securities of such series, other than Registered Securities issued in global form (which may be of any denomination) shall be issuable in denominations of
$1,000 and any integral multiple thereof, and the Bearer Securities of such series, other than Bearer Securities issued in global form (which may be of any denomination), shall be issuable in a denomination of $5,000 and any integral multiple
thereof. 
  
 Section 303. Execution, Authentication, Delivery
and Dating. 
  
 (a) The Securities and any
coupons appertaining thereto shall be executed on behalf of the Company by its Chairman, its President or Chief Executive Officer, under its corporate seal reproduced thereon or a facsimile or copy thereof and attested by its Secretary or one of its
Assistant Secretaries or Vice Presidents. The signature of any of these officers on the Securities and coupons may be manual or facsimile signatures of the present or any future such authorized officer and may be imprinted or otherwise reproduced on
the Securities. 
  
 (b) Securities or coupons
bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the
authentication and delivery of such Securities or did not hold such offices at the date of such Securities or coupons. 
  
 (c) At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any
series, together with any coupon appertaining thereto, executed by the Company, to the Trustee for authentication, together with a 

  

 23 

 
Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order shall authenticate and deliver
such Securities; provided, that, in connection with its original issuance, no Bearer Security shall be mailed or otherwise delivered to any location in the United States; and provided further that, unless otherwise specified with respect to any
series of Securities pursuant to Section 301, a Bearer Security may be delivered in connection with its original issuance only if the Person entitled to receive such Bearer Security shall have furnished a certificate in the form set forth in
Exhibit A-1 to this Indenture or such other certificate as may be specified with respect to any series of Securities pursuant to Section 301, dated no earlier than 15 days prior to the earlier of the date on which such Bearer Security is
delivered and the date on which any temporary Security first becomes exchangeable for such Bearer Security in accordance with the terms of such temporary Security and this Indenture. If any Security shall be represented by a permanent global Bearer
Security, then, for purposes of this Section and Section 304, the notation of a beneficial owner’s interest therein upon original issuance of such Security or upon exchange of a portion of a temporary global Security shall be deemed to be
delivery in connection with its original issuance of such beneficial owner’s interest in such permanent global Bearer Security. Except as permitted by Section 306, the Trustee shall not authenticate and deliver any Bearer Security unless
all appurtenant coupons for interest then matured have been detached and cancelled. If all the Securities of any series are not to be issued at one time and if the Board Resolution or supplemental indenture establishing such series shall so permit,
such Company Order may set forth procedures acceptable to the Trustee for the issuance of such Securities and determining the terms of particular Securities of such series, such as interest rate, maturity date, date of issuance and date from which
interest shall accrue. In authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to TIA Sections 315(a) through
315(d)) shall be fully protected in relying upon, 
  
 (1) an Opinion of Counsel stating, 
  
 (i) that the form or forms of such Securities and any coupons have been established in conformity with the provisions of this Indenture; 
  
 (ii) that the terms of such Securities and any coupons have been established in conformity with the provisions of this Indenture; and

  
 (iii) that such Securities, together with
any coupons appertaining thereto, when completed by appropriate insertions and executed and delivered by the Company to the Trustee for authentication in accordance with this Indenture, authenticated and delivered by the Trustee in accordance with
this Indenture and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute legal, valid and binding obligations of the Company, enforceable in accordance with their terms, subject to
applicable bankruptcy, insolvency, reorganization and other similar laws of general applicability relating to or affecting the enforcement of creditors’ rights, to general equitable principles and to such other qualifications as such counsel
shall conclude do not materially affect the rights of Holders of such Securities and any coupons; 
  

 24 

 (2) an Officers’ Certificate stating, to the best of the knowledge of the signers of
such certificate, that no Event of Default with respect to any of the Securities shall have occurred and be continuing; and 
  
 (3) an executed supplemental indenture (if any). 
  

(d) Notwithstanding the provisions of Section 301 and of this Section 303, if all the Securities of any series are not to be
issued at one time, it shall not be necessary to deliver an Officers’ Certificate otherwise required pursuant to Section 301 or the Company Order, Opinion of Counsel or Officers’ Certificate otherwise required pursuant to Subsection
(c) of this Section at the time of issuance of each Security of such series, but such order, opinion and certificates, with appropriate modifications to cover such future issuances, shall be delivered at or before the time of issuance of the
first Security of such series. 
  
 (e) The
Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner
which is not reasonably acceptable to the Trustee. Notwithstanding the generality of the foregoing, the Trustee will not be required to authenticate Securities denominated in a Foreign Currency if the Trustee reasonably believes that it would be
unable to perform its duties with respect to such Securities. 
  
 (f) Each Registered Security shall be dated the date of its authentication and each Bearer Security shall be dated as of the date specified as contemplated by Section 301. 
  
 (g) No Security or coupon shall be entitled to any benefit
under this Indenture or be valid or obligatory for any purpose unless there appears on such Security or Security to which such coupon appertains a certificate of authentication substantially in the form provided for herein duly executed by the
Trustee or an Authenticating Agent by manual signature of an authorized signatory, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder and
is entitled to the benefits of this Indenture. 
  
 (h) Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in
Section 310 together with a written statement (which need not comply with Section 102 and need not be accompanied by an Opinion of Counsel) stating that such Security has never been issued and sold by the Company, for all purposes of this
Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 
  

Section 304. Temporary Securities. 
  
 (a) Pending the preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall
authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities 

  

 25 

 
in lieu of which they are issued, in registered form, or, if authorized, in bearer form with one or more coupons or without coupons, and with such
appropriate insertions, omissions, substitutions and other variations as the officers executing such Securities may determine, as conclusively evidenced by their execution of such Securities. Such temporary Securities may be in global form.

  
 (b) Except in the case of temporary
Securities in global form (which shall be exchanged in accordance with Section 304(c) or as otherwise provided in or pursuant to a Board Resolution), if temporary Securities of any series are issued, the Company will cause definitive Securities
of that series to be prepared without unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the
temporary Securities of such series at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series (accompanied by any
non-matured coupons appertaining thereto), the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Securities of the same series of authorized denominations; provided, that,
no definitive Bearer Security shall be delivered in exchange for a temporary Registered Security; and provided further that a definitive Bearer Security shall be delivered in exchange for a temporary Bearer Security only in compliance with the
conditions set forth in Section 303. Until so exchanged, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series. 
  
 (c) (1) Unless otherwise provided in or pursuant to a Board
Resolution, this Section 304(c) shall govern the exchange of temporary Securities issued in global form. 
  
 (2) If temporary Securities of any series are issued in global form, any such temporary global Security shall, unless otherwise provided
therein, be delivered to the London office of a depositary or common depositary (the “Common Depositary”), for the benefit of Euroclear and Clearstream, for credit to the respective accounts of the beneficial owners of such Securities (or
to such other accounts as they may direct). 
  
 (3) Without unnecessary delay but in any event not later than the date specified in, or determined pursuant to the terms of, any such temporary global Security (the “Exchange Date”), the Company shall deliver to the Trustee
definitive Securities, in aggregate principal amount equal to the principal amount of such temporary global Security, executed by the Company. On or after the Exchange Date, such temporary global Security shall be surrendered by the Common
Depositary to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or from time to time in part, for definitive Securities without charge, and the Trustee shall authenticate and deliver, in exchange for each portion
of such temporary global Security and upon receipt of the Company Order described in Section 303, an equal aggregate principal amount of definitive Securities of the same series of authorized denominations and of like tenor as the portion of
such temporary global Security to be exchanged. The definitive Securities to be delivered in exchange for any such temporary global Security shall be in bearer form, registered form, permanent global bearer form or permanent global registered form,
or any combination thereof, as specified as contemplated by Section 301, and, if any 

  

 26 

 
combination thereof is so specified, as requested by the beneficial owner thereof; provided, that, unless otherwise specified in such temporary global
Security, upon such presentation by the Common Depositary, such temporary global Security is accompanied by a certificate dated the Exchange Date or a subsequent date and signed by Euroclear as to the portion of such temporary global Security held
for its account then to be exchanged and a certificate dated the Exchange Date or a subsequent date and signed by Clearstream as to the portion of such temporary global Security held for its account then to be exchanged, each in the form set forth
in Exhibit A-2 to this Indenture or in such other form as may be established pursuant to Section 301; and provided further that definitive Bearer Securities shall be delivered in exchange for a portion of a temporary global Security only
in compliance with the requirements of Section 303. 
  
 (4) Unless otherwise specified in such temporary global Security, the interest of a beneficial owner of Securities of a series in a temporary global Security shall be exchanged for definitive Securities of the same
series and of like tenor following the Exchange Date when the account holder instructs Euroclear or Clearstream, as the case may be, to request such exchange on his behalf and delivers to Euroclear or Clearstream, as the case may be, a certificate
in the form set forth in Exhibit A-1 to this Indenture (or in such other form as may be established pursuant to Section 301), dated no earlier than 15 days prior to the Exchange Date, copies of which certificate shall be available from the
offices of Euroclear and Clearstream, the Trustee, any Authenticating Agent appointed for such series of Securities and each Paying Agent. Unless otherwise specified in such temporary global Security, any such exchange shall be made free of charge
to the beneficial owners of such temporary global Security, except that a Person receiving definitive Securities must bear the cost of insurance, postage, transportation and the like in the event that such Person does not take delivery of such
definitive Securities in person at the offices of Euroclear or Clearstream. Definitive Securities in bearer form to be delivered in exchange for any portion of a temporary global Security shall be delivered only outside the United States.

  
 (5) Until exchanged in full as hereinabove
provided, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of the same series and of like tenor authenticated and delivered hereunder, except that, unless
otherwise specified as contemplated by Section 301, interest payable on a temporary global Security on an Interest Payment Date for Securities of such series occurring prior to the applicable Exchange Date shall be payable to Euroclear and
Clearstream on such Interest Payment Date upon delivery by Euroclear and Clearstream to the Trustee of a certificate or certificates in the form set forth in Exhibit A-2 to this Indenture (or in such other forms as may be established pursuant
to Section 301), for credit without further interest thereon on or after such Interest Payment Date to the respective accounts of the Persons who are the beneficial owners of such temporary global Security on such Interest Payment Date and who
have each delivered to Euroclear or Clearstream, as the case may be, a certificate dated no earlier than 15 days prior to the Interest Payment Date occurring prior to such Exchange Date in the form set forth in Exhibit A-1 to this Indenture (or
in such other forms as may be established pursuant to Section 301). Notwithstanding anything to the contrary herein contained, the certifications made pursuant to this clause (5) of Section 304(c) shall 

  

 27 

 
satisfy the certification requirements of clauses (3) and (4) of this Section 304(c) and of Section 303(c) of this Indenture and the
interests of the Persons who are the beneficial owners of the temporary global Security with respect to which such certification was made will be exchanged for definitive Securities of the same series and of like tenor on the Exchange Date or the
date of certification if such date occurs after the Exchange Date, without further act or deed by such beneficial owners. Except as otherwise provided in this clause (5) of Section 304(c), no payments of principal (or premium, if any) or
interest, if any, owing with respect to a beneficial interest in a temporary global Security will be made unless and until such interest in such temporary global Security shall have been exchanged for an interest in a definitive Security. Any
interest so received by Euroclear and Clearstream and not paid as herein provided shall be returned to the Trustee prior to the expiration of two years after such Interest Payment Date in order to be repaid to the Company. 
  
 Section 305. Registration, Registration of Transfer and Exchange.

  
 (a) The Company shall cause to be kept at the
Corporate Trust Office of the Trustee or in any office or agency of the Company in a Place of Payment a register for each series of Securities (the registers maintained in such office or in any such office or agency of the Company in a Place of
Payment being herein sometimes referred to collectively as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Registered Securities and of
transfers of Registered Securities. The Security Register shall be in written form or any other form capable of being converted into written form within a reasonable time. The Trustee, at its Corporate Trust Office, is hereby initially appointed
“Security Registrar” for the purpose of registering Registered Securities and transfers of Registered Securities on such Security Register as herein provided. In the event that the Trustee shall cease to be Security Registrar, it shall
have the right to examine the Security Register at all reasonable times. 
  
 (b) Upon surrender for registration of transfer of any Registered Security of any series at any office or agency in a Place of Payment for the register and transfer of Securities that series, the Company shall
execute, and the Trustee shall authenticate and deliver, subject to the terms and conditions of this Article III, in the name of the designated transferee or transferees, one or more new Registered Securities of the same series, of any
authorized denominations and of a like aggregate principal amount, and tenor. 
  
 (c) At the option of the Holder, Registered Securities of any series may be exchanged for other Registered Securities of the same series, of any authorized denomination and of a like aggregate principal amount,
containing identical terms and provisions, upon surrender of the Registered Securities to be exchanged at such office or agency. Whenever any Registered Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall
authenticate and deliver, the Registered Securities which the Holder making the exchange is entitled to receive. Unless otherwise specified with respect to any series of Securities as contemplated by Section 301, Bearer Securities may not be
issued in exchange for Registered Securities. 
  

 28 

 (d) If (but only if) expressly permitted in or pursuant to the applicable Board
Resolution and (subject to Section 303) set forth in the applicable Officers’ Certificate, or in any indenture supplemental hereto, delivered as contemplated by Section 301, at the option of the Holder, Bearer Securities of any series
may be exchanged for Registered Securities of the same series of any authorized denomination and of a like aggregate principal amount and tenor, upon surrender of the Bearer Securities to be exchanged at any such office or agency, with all unmatured
coupons and all matured coupons in default thereto appertaining. If the Holder of a Bearer Security is unable to produce any such unmatured coupon or coupons or matured coupon or coupons in default, any such permitted exchange may be effected if the
Bearer Securities are accompanied by payment in funds acceptable to the Company in an amount equal to the face amount of such missing coupon or coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee
if there is furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to any Paying Agent any such missing coupon in respect of
which such a payment shall have been made, such Holder shall be entitled to receive the amount of such payment; provided, that, except as otherwise provided in Section 1002, interest represented by coupons shall be payable only upon
presentation and surrender of those coupons at an office or agency located outside the United States. Notwithstanding the foregoing, in case a Bearer Security of any series is surrendered at any such office or agency in a permitted exchange for a
Registered Security of the same series and like tenor after the close of business at such office or agency on (i) any Regular Record Date and before the opening of business at such office or agency on the relevant Interest Payment Date, or
(ii) any Special Record Date and before the opening of business at such office or agency on the related proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered without the coupon relating to such Interest
Payment Date or proposed date for payment, as the case may be, and interest or Defaulted Interest, as the case may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of the Registered
Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. 
  
 (e) Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee
shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. 
  
 (f) Notwithstanding the foregoing, except as otherwise specified as contemplated by Section 301: 
  
 (1) Each global Security authenticated under this Indenture
shall be registered in the name of the Depositary designated for such global Security or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefor, and each such global Security shall constitute a single Security
for all purposes of this Indenture. 
  
 (2)
Notwithstanding any other provision in this Indenture, no global Security may be exchanged in whole or in part for Securities registered, and no transfer of a global Security in whole or in part may be registered, in the name of any Person other
than the Depositary for such global Security or a nominee thereof unless (A) such Depositary (i) has 

  

 29 

 
notified the Company that it is unwilling or unable to continue as Depositary for such global Security or (ii) has ceased to be a clearing agency
registered under the Exchange Act, and in either case the Company has not appointed a successor Depositary within 90 days of receipt of such notice or cessation, as the case may be, [(B) there shall have occurred and be continuing an Event of
Default with respect to such global Security or] (C) there shall exist such circumstances, if any, in addition to or in lieu of the foregoing as have been specified for this purpose as contemplated by Section 301. Notwithstanding the
foregoing, the Company may at any time in its sole discretion determine that Securities issued in the form of a global Security shall no longer be represented in whole or in party by such global Security, and the Trustee, upon receipt of a Company
Order therefor, shall authenticate and deliver definitive Securities in exchange in whole or in part for such Global Security. 
  
 (3) Subject to clause (2) above, any exchange or transfer of a global Security for other Securities may be made in whole or in part,
and all Securities issued in exchange for a global Security or any portion thereof shall be registered in such names as the Depositary for such global Security shall direct. 
  
 (4) Every Security authenticated and delivered upon registration of transfer of, or in exchange for or in
lieu of, a global Security or any portion thereof, whether pursuant to this Section, Section 304, 306, 906 or 1107 or otherwise, shall be authenticated and delivered in the form of, and shall be, a global Security, unless such Security is
registered in the name of a Person other than the Depositary for such global Security or a nominee thereof. 
  
 (5) If any beneficial owner of an interest in a permanent global Security is entitled to exchange such interest for Securities of such
series and of like tenor and principal amount of another authorized form and denomination, as specified as contemplated by Section 301 and provided that any applicable notice provided in the permanent global Security shall have been given, then
without unnecessary delay but in any event not later than the earliest date on which such interest may be so exchanged, the Company shall deliver to the Trustee definitive Securities in aggregate principal amount equal to the principal amount of
such beneficial owner’s interest in such permanent global Security, executed by the Company. On or after the earliest date on which such interests may be so exchanged, such permanent global Security shall be surrendered by the Common Depositary
or such other depositary as shall be specified in the Company Order with respect thereto to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or from time to time in part, for definitive Securities without charge
and the Trustee shall authenticate and deliver, in exchange for each portion of such permanent global Security, an equal aggregate principal amount of definitive Securities of the same series of authorized denominations and of like tenor as the
portion of such permanent global Security to be exchanged which, unless the Securities of the series are not issuable both as Bearer Securities and as Registered Securities, as specified as contemplated by Section 301, shall be in the form of
Bearer Securities or Registered Securities, or any combination thereof, as shall be specified by the beneficial owner thereof; provided, that, no such exchanges may occur during a period beginning at the opening of business 15 days before any
selection of Securities to be redeemed and ending on the relevant Redemption Date if the Security for which exchange is requested may be among those selected for redemption; and provided further that no Bearer Security delivered in exchange for a
portion of a permanent global Security shall be mailed or otherwise delivered to any location in the United States. If a Registered Security is issued in 

  

 30 

 
exchange for any portion of a permanent global Security after the close of business at the office or agency where such exchange occurs on (1) any
Regular Record Date and before the opening of business at such office or agency on the relevant Interest Payment Date, or (2) any Special Record Date and before the opening of business at such office or agency on the related proposed date for
payment of Defaulted Interest, interest or Defaulted Interest, as the case may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of such Registered Security, but will be payable on
such Interest Payment Date or proposed date for payment, as the case may be, only to the Person to whom interest in respect of such portion of such permanent global Security is payable in accordance with the provisions of this Indenture. 

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

 
 (h) Every Registered Security presented or surrendered
for registration of transfer or for exchange shall (if so required by the Company or the Security Registrar) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar, duly
executed by the Holder thereof or his attorney duly authorized in writing. 
  
 (i) No service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed
in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 304, 906, 1107 or 1305 not involving any transfer. 
  
 (j) The Company shall not be required (1) to issue, register the transfer of or exchange any Security
if such Security may be among those selected for redemption during a period beginning at the opening of business 15 days before, and ending at the close of business on (i) if such Securities are issuable only as Registered Securities, the day
of the mailing of the relevant notice of redemption and (ii) if such Securities are issuable as Bearer Securities, the day of the first publication of the relevant notice of redemption or, if such Securities are also issuable as Registered
Securities and there is no publication, the mailing of the relevant notice of redemption, or (2) to register the transfer of or exchange any Registered Security so selected for redemption in whole or in part, except, in the case of any
Registered Security to be redeemed in part, the unredeemed portion thereof, or (3) to exchange any Bearer Security so selected for redemption except that such a Bearer Security may be exchanged for a Registered Security of that series and like
tenor, provided that such Registered Security shall be simultaneously surrendered for redemption, or (4) to issue, register the transfer of or exchange any Security which has been surrendered for repayment at the option of the Holder, except
the portion, if any, of such Security not to be so repaid. 
  
 (k) Each Holder of a Security agrees to indemnify the Company and the Trustee against any liability that may result from the transfer, exchange or assignment of such 

  

 31 

 
Holder’s Security in violation of any provision of this Indenture and/or applicable United States Federal or state securities law. 
  
 (l) The Trustee shall have no obligation or duty to monitor,
determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among Depository
Participants or beneficial owners of interests in any Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of
this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 
  
 Section 306. Mutilated, Destroyed, Lost and Stolen Securities. 
  
 (a) If any mutilated Security or a Security with a mutilated coupon appertaining to it is surrendered to the
Trustee or the Company, together with, in proper cases, such security or indemnity as may be required by the Company or the Trustee to save each of them or any agent of either of them harmless, the Company shall execute and the Trustee shall
authenticate and deliver in exchange therefor a new Security of the same series and of like tenor and principal amount, and bearing a number not contemporaneously outstanding, with coupons corresponding to the coupons, if any, appertaining to the
surrendered Security. 
  
 (b) If there shall be
delivered to the Company and to the Trustee (1) evidence to their satisfaction of the destruction, loss or theft of any Security or coupon, and (2) such security or indemnity as may be required by them to save each of them and any agent of
either of them harmless, then, in the absence of notice to the Company or the Trustee that such Security or coupon has been acquired by a bona fide purchaser, the Company shall execute and upon Company Order the Trustee shall authenticate and
deliver, in lieu of any such destroyed, lost or stolen Security or in exchange for the Security to which a destroyed, lost or stolen coupon appertains (with all appurtenant coupons not destroyed, lost or stolen), a new Security of the same series
and of like tenor and principal amount and bearing a number not contemporaneously outstanding, with coupons corresponding to the coupons, if any, appertaining to such destroyed, lost or stolen Security or to the Security to which such destroyed,
lost or stolen coupon appertains. 
  
 (c)
Notwithstanding the provisions of the Sections 306(a) and (b), in case any such mutilated, destroyed, lost or stolen Security or coupon has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new
Security, with coupons corresponding to the coupons, if any, appertaining to such mutilated, destroyed, lost or stolen Security or to the Security to which such mutilated, destroyed, lost or stolen coupon appertains, pay such Security or coupon;
provided, that, payment of principal of (and premium, if any) and interest, if any, on Bearer Securities shall, except as otherwise provided in Section 1002, be payable only at an office or agency located outside the United States and, unless
otherwise specified as contemplated by Section 301, any interest on Bearer Securities shall be payable only upon presentation and surrender of the coupons appertaining thereto. 
  

 32 

 (d) Upon the issuance of any new Security under this Section, the Company may require the
payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 
  
 (e) Every new Security of any series, together with its
coupons, if any, issued pursuant to this Section in lieu of any mutilated, destroyed, lost or stolen Security, or in exchange for a Security to which a mutilated, destroyed, lost or stolen coupon appertains, shall constitute an original additional
contractual obligation of the Company, whether or not the mutilated, destroyed, lost or stolen Security and its coupons, if any, or the mutilated, destroyed, lost or stolen coupon shall be at any time enforceable by anyone, and shall be entitled to
all the benefits of this Indenture equally and proportionately with any and all other Securities of that series and their coupons, if any, duly issued hereunder. 
  
 (f) The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights
and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities or coupons. 
  
 Section 307. Payment of Interest; Interest Rights Preserved; Optional Interest Reset. 
  
 (a) Except as otherwise specified with respect to a series
of Securities in accordance with the provisions of Section 301, interest, if any, on any Registered Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name
that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 1002; provided,
that, each installment of interest, if any, on any Registered Security may at the Company’s option be paid by (1) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to
Section 309, to the address of such Person as it appears on the Security Register or (2) transfer to an account located in the United States maintained by the payee. 
  
 (b) Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any
series, payment of interest, if any, may be made, in the case of a Bearer Security, by transfer to an account located outside the United States maintained by the payee. 
  
 (c) Unless otherwise provided as contemplated by Section 301, every permanent global Security will
provide that interest, if any, payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of
permitting each of Euroclear and Clearstream to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. 
  
 (d) In case a Bearer Security of any series is surrendered in exchange for a Registered Security of such
series after the close of business (at an office or agency in a Place of Payment for such series) on any Regular Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer
Security shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be 

  

 33 

 
payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the
Holder of such coupon when due in accordance with the provisions of this Indenture. 
  
 (e) Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, any
interest on any Registered Security of any series that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered
Holder thereof on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or (2) of this Subsection: 

 
 (1) The Company may elect to make payment of any
Defaulted Interest to the Persons in whose names the Registered Securities of such series (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which
shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Registered Security of such series and the date of the proposed payment (which shall not be less
than 20 days after such notice is received by the Trustee), and at the same time the Company shall deposit with the Trustee an amount of money in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant
to Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements
satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the
Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of
the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special
Record Date therefor to be given in the manner provided in Section 106, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so
given, such Defaulted Interest shall be paid to the Persons in whose names the Registered Securities of such series (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer
be payable pursuant to the following clause (2) of this Subsection. In case a Bearer Security of any series is surrendered at the office or agency in a Place of Payment for such series in exchange for a Registered Security of such series after
the close of business at such office or agency on any Special Record Date and before the opening of business at such office or agency on the related proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered without
the coupon relating to such proposed date of payment and Defaulted Interest will not be payable on such proposed date of payment in respect of the Registered Security issued in 

  

 34 

 
exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture.

  
 (2) The Company may make payment of any
Defaulted Interest on the Registered Securities of any series in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such
exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee. 
  
 (f) The provisions of this Section 307(f) may be made applicable to any series of Securities pursuant
to Section 301 (with such modifications, additions or substitutions as may be specified pursuant to such Section 301). The interest rate (or the spread or spread multiplier used to calculate such interest rate, if applicable) on any
Security of such series may be reset by the Company on the date or dates specified on the face of such Security (each an “Optional Reset Date”). The Company may exercise such option with respect to such Security by notifying the Trustee of
such exercise at least 45 but not more than 60 days prior to an Optional Reset Date for such Security. Not later than 40 days prior to each Optional Reset Date, the Trustee shall transmit, in the manner provided for in Section 106, to the
Holder of any such Security a notice (the “Reset Notice”) indicating whether the Company has elected to reset the interest rate (or the spread or spread multiplier used to calculate such interest rate, if applicable), and if so
(1) such new interest rate (or such new spread or spread multiplier, if applicable) and (2) the provisions, if any, for redemption during the period from such Optional Reset Date to the next Optional Reset Date or if there is no such next
Optional Reset Date, to the Stated Maturity of such Security (each such period a “Subsequent Interest Period”), including the date or dates on which or the period or periods during which and the price or prices at which such redemption may
occur during the Subsequent Interest Period. 
  
 (g) Notwithstanding the foregoing, not later than 20 days prior to the Optional Reset Date, the Company may, at its option, revoke the interest rate (or the spread or spread multiplier used to calculate such interest rate, if applicable)
provided for in the Reset Notice and establish a higher interest rate (or a spread or spread multiplier providing for a higher interest rate, if applicable) for the Subsequent Interest Period by causing the Trustee to transmit, in the manner
provided for in Section 106, notice of such higher interest rate (or such spread or spread multiplier providing for a higher interest rate, if applicable) to the Holder of such Security. Such notice shall be irrevocable. All Securities with
respect to which the interest rate (or the spread or spread multiplier used to calculate such interest rate, if applicable) is reset on an Optional Reset Date, and with respect to which the Holders of such Securities have not tendered such
Securities for repayment (or have validly revoked any such tender) pursuant to Section 307(h), will bear such higher interest rate (or such spread or spread multiplier providing for a higher interest rate, if applicable). 
  
 (h) The Holder of any such Security may have the option to
elect repayment by the Company of the principal of such Security on each Optional Reset Date at a price equal to the principal amount thereof plus interest accrued to such Optional Reset Date. In order to obtain repayment on an Optional Reset Date,
the Holder must follow the procedures set forth in Article XIII for repayment at the option of Holders except that the period for delivery or 

  

 35 

 
notification to the Trustee shall be at least 25 but not more than 35 days prior to such Optional Reset Date and except that, if the Holder has tendered any
Security for repayment pursuant to the Reset Notice, the Holder may, by written notice to the Trustee, revoke such tender or repayment until the close of business on the tenth day before such Optional Reset Date. 
  
 (i) Subject to the foregoing provisions of this Section and
Section 305, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such
other Security. 
  
 Section 308. Optional Extension of
Maturity. 
  
 (a) The provisions of this
Section 308 may be made applicable to any series of Securities pursuant to Section 301 (with such modifications, additions or substitutions as may be specified pursuant to such Section 301). The Stated Maturity of any Security of such
series may be extended at the option of the Company for the period or periods specified on the face of such Security (each an “Extension Period”) up to but not beyond the date (the “Final Maturity”) set forth on the face of such
Security. The Company may exercise such option with respect to any Security by notifying the Trustee of such exercise at least 45 but not more than 60 days prior to the Stated Maturity of such Security in effect prior to the exercise of such option
(the “Original Stated Maturity”). If the Company exercises such option, the Trustee shall transmit, in the manner provided for in Section 106, to the Holder of such Security not later than 40 days prior to the Original Stated Maturity
a notice (the “Extension Notice”) indicating (i) the election of the Company to extend the Stated Maturity, (ii) the new Stated Maturity, (iii) the interest rate (or spread, spread multiplier or other formula used to
calculate such interest rate, if applicable), if any, applicable to the Extension Period and (iv) the provisions, if any, for redemption during such Extension Period. Upon the Trustee’s transmittal of the Extension Notice, the Stated
Maturity of such Security shall be extended automatically and, except as modified by the Extension Notice and as described in this Section 308(b), such Security will have the same terms as prior to the transmittal of such Extension Notice.

  
 (b) Notwithstanding the foregoing, not later
than 20 days before the Original Stated Maturity of such Security, the Company may, at its option, revoke the interest rate (or spread, spread multiplier or other formula used to calculate such interest rate, if applicable) provided for in the
Extension Notice and establish a higher interest rate (or spread, spread multiplier or other formula used to calculate such higher interest rate, if applicable) for the Extension Period by causing the Trustee to transmit, in the manner provided for
in Section 106, notice of such higher interest rate (or spread, spread multiplier or other formula used to calculate such interest rate, if applicable) to the Holder of such Security. Such notice shall be irrevocable. All Securities with
respect to which the Stated Maturity is extended will bear such higher interest rate. 
  
 (c) If the Company extends the Stated Maturity of any Security, the Holder will have the option to elect repayment of such Security by the
Company on the Original Stated Maturity at a price equal to the principal amount thereof, plus interest accrued to such date. In order to obtain repayment on the Original Stated Maturity once the Company has extended the Stated Maturity thereof, the
Holder must follow the procedures set forth in Article XIII for 

  

 36 

 
repayment at the option of Holders, except that the period for delivery or notification to the Trustee shall be at least 25 but not more than 35 days prior
to the Original Stated Maturity and except that, if the Holder has tendered any Security for repayment pursuant to an Extension Notice, the Holder may by written notice to the Trustee revoke such tender for repayment until the close of business on
the tenth day before the Original Stated Maturity. 
  
 Section
309. Persons Deemed Owners. 
  
 (a) Prior
to due presentment of a Registered Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Registered Security is registered as the owner of such Registered
Security for the purpose of receiving payment of principal of (and premium, if any) and (subject to Sections 305 and 307) interest, if any, on such Registered Security and for all other purposes whatsoever, whether or not such Registered
Security be overdue, and none of the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 
  
 (b) Title to any Bearer Security and any coupons appertaining thereto shall pass by delivery. The Company, the Trustee and any agent of
the Company, or the Trustee may treat the bearer of any Bearer Security and the bearer of any coupon as the absolute owner of such Security or coupon for the purpose of receiving payment thereof or on account thereof and for all other purposes
whatsoever, whether or not such Security or coupon be overdue, and none of the Company, the Trustee nor any agent of the Company, or the Trustee shall be affected by notice to the contrary. 
  
 (c) None of the Company, the Trustee, any Paying Agent or
the Security Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Security in global form or for maintaining, supervising or reviewing any
records relating to such beneficial ownership interests. 
  
 (d) Notwithstanding the foregoing, with respect to any global Security, nothing herein shall prevent the Company, the Trustee, or any agent of the Company, or the Trustee, from giving effect to any written
certification, proxy or other authorization furnished by any depositary, as a Holder, with respect to such global Security or impair, as between such depositary and owners of beneficial interests in such global Security, the operation of customary
practices governing the exercise of the rights of such depositary (or its nominee) as Holder of such global Security. 
  
 Section 310. Cancellation. 
  
 (a) All Securities and coupons surrendered for payment, redemption, repayment at the option of the Holder, registration of transfer or
exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee, and any such Securities and coupons and Securities and coupons surrendered directly to the Trustee for
any such purpose shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and
may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation 

  

 37 

 
any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by
the Trustee. If the Company shall so acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the
Trustee for cancellation. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. Cancelled Securities and coupons held by the Trustee
shall be disposed of by the Trustee in its customary manner unless by a Company Order the Company directs that cancelled Securities be returned to the Company. 
  

Section 311. Computation of Interest. 
  
 Except as otherwise specified as contemplated by Section 301 with respect to Securities of any series, interest, if any, on the Securities of each
series shall be computed on the basis of a 360-day year of twelve 30-day months. 
  
 Section 312. Currency and Manner of Payments in Respect of Securities. 
  
 (a) Unless otherwise specified with respect to any Securities pursuant to Section 301, with respect to Registered Securities of any
series not permitting the election provided for in Subsection (b) of this Section or the Holders of which have not made the election provided for in Subsection (b) of this Section, and with respect to Bearer Securities of any series,
except as provided in Subsection (d) of this Section, payment of the principal of (and premium, if any) and interest, if any, on any Registered or Bearer Security of such series will be made in the Currency in which such Registered Security or
Bearer Security, as the case may be, is payable. The provisions of this Section 312 may be modified or superseded with respect to any Securities pursuant to Section 301. 
  
 (b) It may be provided pursuant to Section 301 with respect to Registered Securities of any series that
Holders shall have the option, subject to Subsection (d) and (e) of this Section, to receive payments of principal of (or premium, if any) or interest, if any, on such Registered Securities in any of the Currencies which may be designated
for such election by delivering to the Trustee a written election with signature guarantees and in the applicable form established pursuant to Section 301, not later than the close of business on the Election Date immediately preceding the
applicable payment date. If a Holder so elects to receive such payments in any such Currency, such election will remain in effect for such Holder or any transferee of such Holder until changed by such Holder or such transferee by written notice to
the Trustee (but any such change must be made not later than the close of business on the Election Date immediately preceding the next payment date to be effective for the payment to be made on such payment date and no such change of election may be
made with respect to payments to be made on any Registered Security of such series with respect to which an Event of Default has occurred or with respect to which the Company has deposited funds pursuant to Article IV or XIV or with respect to
which a notice of redemption has been given by the Company or a notice of option to elect repayment has been sent by such Holder or such transferee). Any Holder of any such Registered Security who shall not have delivered any such election to the
Trustee of such series of Registered Securities not later than the close of business on the applicable Election Date will be paid the amount due on the applicable payment date in 

  

 38 

 
the relevant Currency as provided in Subsection (a) of this Section. The Trustee shall notify the Exchange Rate Agent as soon as practicable after the
Election Date of the aggregate principal amount of Registered Securities for which Holders have made such written election. 
  
 (c) Unless otherwise specified pursuant to Section 301, if the election referred to in Subsection (b) of this Section has been
provided for pursuant to Section 301, then, unless otherwise specified pursuant to Section 301, not later than the fourth Business Day after the Election Date for each payment date for Registered Securities of any series, the Exchange Rate
Agent will deliver to the Company a written notice specifying the Currency in which Registered Securities of such series are payable, the respective aggregate amounts of principal of (and premium, if any) and interest, if any, on the Registered
Securities to be paid on such payment date, specifying the amounts in such Currency so payable in respect of the Registered Securities as to which the Holders of Registered Securities of such Series shall have elected to be paid in another Currency
as provided in Subsection (b) of this Section. If the election referred to in Subsection (b) of this Section has been provided for pursuant to Section 301 and if at least one Holder has made such election, then, unless otherwise
specified pursuant to Section 301, on the second Business Day preceding such payment date the Company will deliver to the Trustee for such series of Registered Securities an Exchange Rate Officer’s Certificate in respect of the Dollar or
Foreign Currency payments to be made on such payment date. Unless otherwise specified pursuant to Section 301, the Dollar or Foreign Currency amount receivable by Holders of Registered Securities who have elected payment in a Currency as
provided in Subsection (b) of this Section shall be determined by the Company on the basis of the applicable Market Exchange Rate in effect on the second Business Day (the “Valuation Date”) immediately preceding each payment date, and
such determination shall be conclusive and binding for all purposes, absent manifest error. 
  
 (d) If a Conversion Event occurs with respect to a Foreign Currency in which any of the Securities are denominated or payable other than
pursuant to an election provided for pursuant to Subsection (b) of this Section, then with respect to each date for the payment of principal of (and premium, if any) and interest, if any, on the applicable Securities denominated or payable in
such Foreign Currency occurring after the last date on which such Foreign Currency was used (the “Conversion Date”), the Dollar shall be the currency of payment for use on each such payment date. Unless otherwise specified pursuant to
Section 301, the Dollar amount to be paid by the Company to the Trustee and by such Trustee or any Paying Agent to the Holders of such Securities with respect to such payment date shall be, in the case of a Foreign Currency other than a
currency unit, the Dollar Equivalent of the Foreign Currency or, in the case of a currency unit, the Dollar Equivalent of the Currency Unit, in each case as determined by the Exchange Rate Agent in the manner provided in Subsection (f) or
(g) of this Section. 
  
 (e) Unless
otherwise specified pursuant to Section 301, if the Holder of a Registered Security denominated in any Currency shall have elected to be paid in another Currency as provided in Subsection (b) of this Section, and a Conversion Event occurs
with respect to such elected Currency, such Holder shall receive payment in the Currency in which payment would have been made in the absence of such election; and if a Conversion Event occurs with respect to the Currency in which payment would have
been made in the absence of 

  

 39 

 
such election, such Holder shall receive payment in Dollars as provided in Subsection (d) of this Section. 
  
 (f) The “Dollar Equivalent of the Foreign
Currency” shall be determined by the Exchange Rate Agent and shall be obtained for each subsequent payment date by converting the specified Foreign Currency into Dollars at the Market Exchange Rate on the Conversion Date. 
  
 (g) The “Dollar Equivalent of the Currency Unit”
shall be determined by the Exchange Rate Agent and subject to the provisions of Subsection (h) of this Section shall be the sum of each amount obtained by converting the Specified Amount of each Component Currency into Dollars at the Market
Exchange Rate for such Component Currency on the Valuation Date with respect to each payment. 
  
 (h) For purposes of this Section 312, the following terms shall have the following meanings: 
  
 A “Component Currency” shall mean any currency which, on the
Conversion Date, was a component currency of the relevant currency unit, including, but not limited to, the euro. 
  
 A “Specified Amount” of a Component Currency shall mean the number of units of such Component Currency or fractions thereof which were
represented in the relevant currency unit, including, but not limited to, the euro, on the Conversion Date. If after the Conversion Date the official unit of any Component Currency is altered by way of combination or subdivision, the Specified
Amount of such Component Currency shall be divided or multiplied in the same proportion. If after the Conversion Date two or more Component Currencies are consolidated into a single Currency, the respective Specified Amounts of such Component
Currencies shall be replaced by an amount in such single Currency equal to the sum of the respective Specified Amounts of such consolidated Component Currencies expressed in such single Currency, and such amount shall thereafter be a Specified
Amount and such single Currency shall thereafter be a Component Currency. If after the Conversion Date any Component Currency shall be divided into two or more currencies, the Specified Amount of such Component Currency shall be replaced by amounts
of such two or more currencies, having an aggregate Dollar Equivalent value at the Market Exchange Rate on the date of such replacement equal to the Dollar Equivalent of the Specified Amount of such former Component Currency at the Market Exchange
Rate immediately before such division, and such amounts shall thereafter be Specified Amounts and such currencies shall thereafter be Component Currencies. If, after the Conversion Date of the relevant currency unit, including, but not limited to,
the euro, a Conversion Event (other than any event referred to above in this definition of “Specified Amount”) occurs with respect to any Component Currency of such currency unit and is continuing on the applicable Valuation Date, the
Specified Amount of such Component Currency shall, for purposes of calculating the Dollar Equivalent of the Currency Unit, be converted into Dollars at the Market Exchange Rate in effect on the Conversion Date of such Component Currency. 

 
 “Election Date” shall mean the Regular Record Date for the
applicable series of Registered Securities or at least 16 days prior to Maturity, as the case may be, or such other prior 

  

 40 

 
date for any series of Registered Securities as specified pursuant to clause 13 of Section 301 by which the written election referred to in
Section 312(b) may be made. 
  
 (i) All
decisions and determinations of the Exchange Rate Agent regarding the Dollar Equivalent of the Foreign Currency, the Dollar Equivalent of the Currency Unit, the Market Exchange Rate and changes in the Specified Amounts as specified above shall be in
its sole discretion and shall, in the absence of manifest error, be conclusive for all purposes and irrevocably binding upon the Company, the Trustee and all Holders of such Securities denominated or payable in the relevant Currency. The Exchange
Rate Agent shall promptly give written notice to the Company and the Trustee of any such decision or determination. 
  
 (j) In the event that the Company determines in good faith that a Conversion Event has occurred with respect to a Foreign Currency, the
Company will immediately give written notice thereof to the Trustee and to the Exchange Rate Agent (and such Trustee will promptly thereafter give notice in the manner provided for in Section 106 to the affected Holders) specifying the
Conversion Date. In the event the Company so determines that a Conversion Event has occurred with respect to the euro or any other currency unit in which Securities are denominated or payable, the Company will immediately give written notice thereof
to the Trustee and to the Exchange Rate Agent (and such Trustee will promptly thereafter give notice in the manner provided in Section 106 to the affected Holders) specifying the Conversion Date and the Specified Amount of each Component
Currency on the Conversion Date. In the event the Company determines in good faith that any subsequent change in any Component Currency as set forth in the definition of Specified Amount above has occurred, the Company will similarly give written
notice to the Trustee and the Exchange Rate Agent. 
  
 (k) The Trustee of the appropriate series of Securities shall be fully justified and protected in conclusively relying and acting upon information received by it from the Company and the Exchange Rate Agent and shall not otherwise have any
duty or obligation to determine the accuracy or validity of such information independent of the Company or the Exchange Rate Agent. 
  
 Section 313. Appointment and Resignation of Successor Exchange Rate Agent. 
  
 (a) Unless otherwise specified pursuant to Section 301, if and so long as the Securities of any series
(1) are denominated in a Foreign Currency or (2) may be payable in a Foreign Currency, or so long as it is required under any other provision of this Indenture, then the Company will maintain with respect to each such series of Securities,
or as so required, at least one Exchange Rate Agent. The Company will cause the Exchange Rate Agent to make the necessary foreign exchange determinations at the time and in the manner specified pursuant to Section 301 for the purpose of
determining the applicable rate of exchange and, if applicable, for the purpose of converting the issued Foreign Currency into the applicable payment Currency for the payment of principal (and premium, if any) and interest, if any, pursuant to
Section 312. 
  
 (b) No resignation of the
Exchange Rate Agent and no appointment of a successor Exchange Rate Agent pursuant to this Section shall become effective until the acceptance of appointment by the successor Exchange Rate Agent as evidenced by a written 

  

 41 

 
instrument delivered to the Company and the Trustee of the appropriate series of Securities accepting such appointment executed by the successor Exchange
Rate Agent. 
  
 (c) If the Exchange Rate Agent
shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of the Exchange Rate Agent for any cause, with respect to the Securities of one or more series, the Company, by or pursuant to a Board Resolution,
shall promptly appoint a successor Exchange Rate Agent or Exchange Rate Agents with respect to the Securities of that or those series (it being understood that any such successor Exchange Rate Agent may be appointed with respect to the Securities of
one or more or all of such series and that, unless otherwise specified pursuant to Section 301, at any time there shall only be one Exchange Rate Agent with respect to the Securities of any particular series that are originally issued by the
Company on the same date and that are initially denominated and/or payable in the same Currency). 
  
 Section 314. CUSIP Numbers. 
  
 The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall indicate the
“CUSIP” numbers of the Securities in notices of redemption as a convenience to Holders; provided that, any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as
contained in any notice of redemption and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company will
promptly notify the Trustee of any change in the “CUSIP” numbers. 
  
 ARTICLE IV 
  
 SATISFACTION AND
DISCHARGE 
  
 Section 401. Satisfaction and Discharge of
Indenture. 
  
 (a) Unless otherwise specified
pursuant to Section 301, this Indenture shall upon Company Request cease to be of further effect with respect to any series of Securities specified in such Company Request (except as to any surviving rights of registration of transfer or
exchange of Securities of such series expressly provided for herein or pursuant hereto and any right to receive Additional Amounts, as provided in Section 1005), and the Trustee, upon receipt of a Company Order, and at the expense of the
Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture as to such series when 
  
 (1) either 
  
 (i) all Securities of such series theretofore authenticated and delivered and all coupons, if any, appertaining thereto (other than
(A) coupons appertaining to Bearer Securities surrendered for exchange for Registered Securities and maturing after such exchange, whose surrender is not required or has been waived as provided in Section 305, (B) Securities and
coupons of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 306, (C) coupons appertaining to Securities called for 

  

 42 

 
redemption and maturing after the relevant Redemption Date, whose surrender has been waived as provided in Section 1106, and (D) Securities and
coupons of such series for whose payment money has theretofore been deposited with the Trustee or any Paying Agent in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as
provided in Section 1003) have been delivered to the Trustee for cancellation; or 
  
 (ii) all Securities of such series and, in the case of subclause (A) or (B) of this clause (ii), any coupons appertaining
thereto not theretofore delivered to the Trustee for cancellation, 
  
 (A) have become due and payable, or 
  
 (B) will become due and payable at their Stated Maturity within one year, or 
  
 (C) redeemable at the option of the Company, are to be called for redemption within one year under arrangements satisfactory to the
Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, and the Company, in the case of subclause (A), (B) or (C) of this clause (ii), has irrevocably deposited or caused to be
deposited with the Trustee as trust funds in trust for such purpose an amount in the Currency in which the Securities of such series are payable, sufficient to pay and discharge the entire indebtedness on such Securities and such coupons not
theretofore delivered to the Trustee for cancellation, including the principal (and premium, if any) and interest, if any, to the date of such deposit (in the case of Securities which have become due and payable) or to the Stated Maturity or
Redemption Date, as the case may be; 
  
 (2) the
Company has paid or caused to be paid all other sums payable hereunder by the Company; and 
  
 (3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the satisfaction and discharge of this Indenture as to such series have been complied with. 
  
 (b) Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee and any predecessor
Trustee under Section 606, the obligations of the Company to any Authenticating Agent under Section 611 if money shall have been deposited with the Trustee pursuant to clause (1) of Section 401(a), the obligations of the Trustee
under Section 402 and Section 1003(d) and the obligations of the Company and the Trustee with respect to Securities of such series under Sections 305, 306, 1002 and 1005, with respect to the payment of Additional Amounts, if any, with
respect to any rights of Holders to require the Company to repay such Securities as contemplated by Section 1301 and with respect to any rights of Holders to convert or exchange such Securities into other Securities, shall 

  

 43 

 
survive such satisfaction and discharge. These obligations shall continue to be governed and construed in accordance with Section 111. 
  
 Section 402. Application of Trust Funds. 
  
 Subject to the provisions of Section 1003(d), all money deposited with
the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities, the coupons and this Indenture, to the payment, either directly or through any Paying Agent (including the
Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest, if any, for whose payment such money has been deposited with or received by the Trustee, but
such money need not be segregated from other funds except to the extent required by law. 
  
 ARTICLE V 
  
 REMEDIES 

 
 Section 501. Events of Default. 
  
 (a) “Event of Default”, wherever used herein with
respect to any particular series of Securities, means any one of the following events as such events may be otherwise amended in accordance with Section 301 (whatever the reason for such Event of Default and whether or not it shall be voluntary
or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 
  
 (1) default in the payment of any interest upon, or any Additional Amount payable in respect of, any
Security of that series or of any coupon appertaining thereto, when such interest or coupon becomes due and payable, and continuance of such default for a period of 30 days; or 
  
 (2) default in the payment of the principal of (or premium, if any, on) any Security of that series at its
Maturity; or 
  
 (3) default in the deposit of
any sinking fund payment, when and as due by the terms of any Security of that series; or 
  
 (4) default in the performance, or breach, of any covenant or agreement of the Company in this Indenture with respect to any Security of
that series (other than a covenant or agreement a default in whose performance or whose breach is elsewhere in this Section specifically dealt with), and continuance of such default or breach for a period of 60 days after there has been given, by
registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of that series a written notice specifying such default or breach and
requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 
  

 44 

 (5) the Company pursuant to or within the meaning of any Bankruptcy Law: 
  
 (i) commences a voluntary case or proceedings, 

 
 (ii) consents to the entry of an order for relief
against it in an involuntary case or proceedings, 
  
 (iii) consents to the appointment of a Custodian of it or for all or substantially all of its property, 
  
 (iv) makes a general assignment for the benefit of its creditors, or 
  
 (v) issues a public announcement admitting its inability to pay its debts generally as they become due; or

  
 (6) a court of competent jurisdiction enters
an order or decree under any Bankruptcy Law that: 
  
 (i) is for relief against the Company in an involuntary case, 
  
 (ii) appoints a Custodian of the Company or for all or substantially all of its property, or 
  
 (iii) orders the winding-up or liquidation of the Company. 
  
 (iv) and the order or decree remains unstayed and in effect for 90 days; or 
  
 (7) any other Event of Default provided with respect to
Securities of that series. 
  
 (b) The term
“Bankruptcy Law” means title 11, U.S. Code, as amended from time to time, or any similar foreign, Federal or State law for the relief of debtors. The term “Custodian” means any custodian, receiver, trustee, assignee, liquidator
or other similar official under any Bankruptcy Law. 
  
 Section
502. Acceleration of Maturity; Rescission and Annulment. 
  
 (a) If an Event of Default (other than an Event of Default specified in clauses (5) and (6) of Section 501(a) with respect to the Company) with respect to Securities of any series at the time
Outstanding occurs and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of that series may declare the principal (or, if any Securities are Original Issue
Discount Securities or Indexed Securities, such portion of the principal amount as may be specified in the terms of that series) plus accrued and unpaid interest of all the Securities of that series to be due and payable immediately, by a notice in
writing to the Company (and to the Trustee if given by the Holders), 

  

 45 

 
and upon any such declaration such principal amount plus accrued and unpaid interests or specified portion thereof shall become immediately due and payable.
If an Event of Default specified in clauses (5) and (6) of Section 501(a) with respect to the Company occurs, the amounts described above with respect to the Outstanding Securities of all series shall ipso facto become and be
immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. Upon payment of such principal and interest, all of the Company’s obligations under the Securities of such Series and this Indenture,
other than obligations under Section 606, shall terminate. 
  
 (b) At any time after such a declaration of acceleration with respect to Securities of any series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as
hereinafter provided in this Article, the Holders of a majority in principal amount of the Outstanding Securities of that series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if:

  
 (1) the Company has paid or deposited with
the Trustee a sum sufficient in cash to pay all principal, interest and Additional Amounts which have become due other than by such declaration of acceleration, interest or any such overdue amounts, and amounts owing the Trustee; 
  
 (2) all Events of Default with respect to Securities of that
series, other than the nonpayment of the principal of (or premium, if any) or interest on Securities of that series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 514; and

  
 (3) such rescission would not conflict with
any judgment or decree of a court of competent jurisdiction. 
  
 No such rescission shall affect any subsequent default or impair any right consequent thereon. 
  
 Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee. 
  
 (a) The Company covenants that if: 
  
 (1) default is made in the payment of any installment of interest or Additional Amounts on any Security of
any series and any related coupon when such interest or Additional Amounts becomes due and payable and such default continues for a period of 30 days, or 
  
 (2) default is made in the payment of the principal of (or premium, if any, on) any Security of any series at its Maturity, 
  
 then the Company will, upon demand of the Trustee, pay to the Trustee, for the benefit of the
Holders of Securities of such series and coupons, the whole amount then due and payable on such Securities and coupons for principal (and premium, if any) and interest, if any, with interest upon any overdue principal (and premium, if any) and, to
the extent that payment of such interest shall be legally enforceable, upon any overdue installments of interest, if any, at the rate or rates 

  

 46 

 
borne by or provided for in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of
collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 
  
 (b) If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust,
may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce the same against the Company or any other obligor upon Securities of such series and
collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities of such series, wherever situated. 
  
 (c) If an Event of Default with respect to Securities of any
series occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series and any related coupons by such appropriate judicial proceedings as the Trustee
shall deem necessary to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy.

  
 Section 504. Trustee May File Proofs of Claim.

  
 (a) In case of the pendency of any
receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company, or any other obligor upon the Securities or the property of the Company, or of such other
obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities of any series shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made
any demand on the Company for the payment of any overdue principal, premium, if any, or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise: 
  
 (1) to file and prove a claim for the whole amount of principal (and premium, if any, or in the case of
Original Issue Discount Securities or Indexed Securities, such portion of the principal as may be provided for in the terms thereof) and interest, if any, owing and unpaid in respect of the Securities and to file such other papers or documents as
may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial
proceeding, and 
  
 (2) to collect and receive
any moneys or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator (or other similar official) in any such judicial proceeding is hereby
authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 606. 
  

 47 

 (b) Nothing herein contained shall be deemed to authorize the Trustee to authorize or
consent to or accept or adopt on behalf of any Holder, any plan of reorganization, arrangement, adjustment or composition affecting the Securities or coupons or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the
claim of any Holder of a Security or coupon in any such proceeding. 
  
 Section 505. Trustee May Enforce Claims Without Possession of Securities or Coupons. 
  
 All rights of action and claims under this Indenture or the Securities or coupons may be prosecuted and enforced by the Trustee without the possession of
any of the Securities or coupons or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall,
after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities and coupons in respect of which such judgment
has been recovered. 
  
 Section 506. Application of Money
Collected. 
  
 Any money collected by the Trustee pursuant to
this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any) or interest, if any, upon presentation of the Securities or
coupons, or both, as the case may be, and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 
  
 First: To the payment of all amounts due the Trustee and any predecessor Trustee under Section 606; 
  
 Second: To the payment of the amounts then due and unpaid
upon the Securities and coupons for principal (and premium, if any) and interest, if any, in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the aggregate
amounts due and payable on such Securities and coupons for principal (and premium, if any) and interest, if any, respectively; and 
  
 Third: To the payment of the remainder, if any, to the Company. 
  
 Section 507. Limitation on Suits. 
  
 No Holder of any Security of any series or any related coupon shall have any right to institute any proceeding, judicial or
otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 
  
 (a) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that
series; 
  

 48 

 (b) the Holders of not less than 25% in principal amount of the Outstanding Securities of
that series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 
  

(c) such Holder or Holders have offered to the Trustee reasonable indemnity satisfactory to it against the costs, expenses and
liabilities to be incurred in compliance with such request; 
  
 (d) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and 
  
 (e) no direction inconsistent with such written request has been given to the Trustee during such 60-day
period by the Holders of a majority in principal amount of the Outstanding Securities of that series; 
  
 it being understood and intended that no one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the
rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of
all such Holders. 
  
 Section 508. Unconditional Right of
Holders to Receive Principal, Premium and Interest and Additional Amounts, if Any. 
  
 Notwithstanding any other provision in this Indenture, the Holder of any Security or coupon shall have the right which is absolute and unconditional to receive payment of the principal of (and premium, if any) and
(subject to Sections 305 and 307) interest, if any, and Additional Amounts, if any, on such Security or payment of such coupon on the respective due dates expressed in such Security or coupon (or, in the case of redemption, on the Redemption
Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 
  
 Section 509. Restoration of Rights and Remedies. 
  
 If the Trustee or any Holder of a Security or coupon has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding
has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case the Company, the Trustee and the Holders of Securities and coupons shall, subject to any determination
in such proceeding, be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 
  
 Section 510. Rights and Remedies Cumulative. 
  
 Except as otherwise provided with respect to the replacement or payment of
mutilated, destroyed, lost or stolen Securities or coupons in the last paragraph of Section 306(f), no right or remedy herein conferred upon or reserved to the Trustee or to the Holders of Securities or coupons is intended to be exclusive of
any other right or remedy, and every right and remedy 

  

 49 

 
shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or
in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
  
 Section 511. Delay or Omission Not Waiver. 
  
 No delay or omission of the Trustee or of any Holder of any Security or
coupon to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to
the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders of Securities or coupons, as the case may be. 
  
 Section 512. Control by Holders of Securities. 
  
 With respect to any series, the Holders of not less than a majority in principal amount of the Outstanding Securities of
such series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series,
provided that 
  
 (a) such direction shall not be
in conflict with any rule of law or with this Indenture, 
  
 (b) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, and 
  
 (c) the Trustee need not take any action which might involve it in personal liability or be unjustly prejudicial to the Holders of
Securities of such series not consenting. 
  
 Section 513.
Undertaking for Costs. 
  
 All parties to this Indenture
agree that in any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as a Trustee, a court in its discretion may require the filing by any party litigant in
the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorney’s fees and expenses, against any party litigant in the suit, having due regard to the merits and
good faith of the claims or defenses made by the party litigant, provided that this Section 513 shall not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 508 hereof, or a suit by Holders of more than 10% in principal
amount of the then Outstanding Securities. 
  
 Section 514.
Waiver of Past Defaults. 
  
 (a) The
Holders of not less than a majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of all the Securities of such series and any related coupons waive any past default hereunder with respect to such
series and its consequences, except a default 
  

 50 

 (1) in the payment of the principal of (or premium, if any) or interest, if any, or
Additional Amounts on any Security of such series or any related coupons, or 
  
 (2) in respect of a covenant or provision hereof which under Article IX cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series affected. 
  
 (b) Upon any such waiver, such default shall cease to exist,
and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.

  
 Section 515. Waiver of Usury, Stay or Extension Laws.

  
 The Company covenants (to the extent that it may lawfully do
so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury or other law wherever enacted, now or at any time hereafter in force, which may
affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede the
execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 
  
 ARTICLE VI 
  
 THE TRUSTEE 
  
 Section 601. Notice of Defaults. 
  
 Within five
days after the earlier of receipt from the Company of notice of the occurrence of a Default or Event of Default hereunder or the date such occurrence hereunder actually becomes known to a Responsible Officer of the Trustee, the Trustee shall
transmit to all Holders of Securities of such series, in the manner and to the extent provided in TIA Section 313(c), notice of such Default hereunder known to the Trustee, unless such Default shall have been cured or waived; provided, that,
except in the case of a Default in the payment of the principal of (or premium, if any) or interest, if any, on any Security of such series, or in the payment of any sinking or purchase fund installment with respect to the Securities of such series,
the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determines that the withholding of
such notice is in the interests of the Holders of the Securities and coupons of such series; and provided further that in the case of any Default or breach of the character specified in clause (4) of Section 501(a) with respect to the
Securities and coupons of such series, no such notice to Holders shall be given until at least 60 days after the occurrence thereof unless otherwise specified in accordance with Section 301. 
  

 51 

 Section 602. Certain Rights of Trustee. 
  
 (a) Subject to the provisions of TIA Sections 315(a) through
315(d): 
  
 (1) The Trustee undertakes to perform
such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee. 
  
 (2) The Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon or other paper or document (whether in its original or facsimile form) believed by it to be genuine and to
have been signed or presented by the proper party or parties. 
  
 (3) Any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order (other than delivery of any Security, together with any coupons appertaining thereto,
to the Trustee for authentication and delivery pursuant to Section 303 which shall be sufficiently evidenced as provided therein) and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution. 
  
 (4) The Trustee shall not be liable for any error of
judgment made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts. 
  
 (5) The Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the
direction of the Holders of a majority in principal amount of the Outstanding Securities of any series, determined as provided in Sections 101 and 104. 
  
 (6) Whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to
taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon a Board Resolution, an Opinion of Counsel or an Officers’
Certificate. 
  
 (7) The Trustee may consult with
counsel of its choosing and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

  
 (8) The Trustee shall be under no obligation
to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders of Securities of any series or any related coupons pursuant to this Indenture, unless such Holders shall have offered to the
Trustee security or indemnity reasonably satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 
  
 (9) The Trustee shall not be bound to make any investigation
into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon or other paper or document, but the Trustee, in its discretion, may
make such further inquiry or 

  

 52 

 
investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be
entitled to examine the books, records and premises of the Company, personally or by agent or attorney but in the case of any certificate or opinion specifically required by the Indenture to be delivered to the Trustee, the Trustee shall have a duty
to examine the same to determine whether they conform to the Indenture requirements. 
  
 (10) The Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents
or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder. 
  
 (11) The Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and
believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture other than any liabilities arising out of the negligence of the Trustee. 
  
 (12) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without
limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to act hereunder. 
  
 (13) The Trustee may request that the Company deliver an
Officers’ Certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign
an Officers’ Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded. 
  
 (b) The Trustee shall not be required to expend or risk its own funds or otherwise incur any financial liability in the performance of any
of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.

  
 Section 603. Not Responsible for Recitals or Issuance of
Securities. 
  
 The recitals contained herein and in the
Securities, except the Trustee’s certificate of authentication, and in any coupons shall be taken as the statements of the Company, and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. The
Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities or coupons, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities
and perform its obligations hereunder and that the statements made by it in a Statement of Eligibility on Form T-1 supplied to the Company are true and accurate, subject to the qualifications set forth therein. Neither the Trustee nor any
Authenticating Agent shall be accountable for the use or application by the Company of Securities or the proceeds thereof. 
  

 53 

 Section 604. May Hold Securities. 
  
 The Trustee, any Paying Agent, Security Registrar, Authenticating Agent or any other agent of the Company, in its individual
or any other capacity, may become the owner or pledgee of Securities and coupons and, subject to TIA Sections 310(b) and 311, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Paying Agent, Security
Registrar, Authenticating Agent or such other agent. 
  
 Section
605. Money Held in Trust. 
  
 Money held by the Trustee in
trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed with the Company. 
  
 Section 606. Compensation and Reimbursement. 
  
 (a) The Company agrees: 
  
 (1) to pay to the Trustee from time to time such
compensation for all services rendered by it hereunder as shall be agreed upon in writing from time to time (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

 
 (2) except as otherwise expressly provided herein, to
reimburse each of the Trustee and any predecessor Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable
compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as shall be determined to have been caused by its own negligence or willful misconduct; and 
  
 (3) to indemnify each of the Trustee and any predecessor
Trustee for, and to hold it harmless against, any and all loss, damage, claims, liability or expense incurred without negligence or bad faith on its own part, arising out of or in connection with the acceptance or administration of the trust or
trusts hereunder, including the costs and expenses of defending itself against any claim (whether asserted by the Company or any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties
hereunder. 
  
 (b) As security for the
performance of the obligations of the Company under this Section, the Trustee shall have a claim prior to the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of
(or premium, if any) or interest, if any, on particular Securities or any coupons. 
  
 (c) When the Trustee incurs expenses or renders services after an Event of Default specified in clause (5) or (6) of
Section 501(a) occurs, the expenses and compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 
  

 54 

 Section 607. Corporate Trustee Required; Eligibility. 
  
 There shall at all times be a Trustee hereunder which shall be eligible to
act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or the requirements of Federal, State,
Territorial or District of Columbia supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most
recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

  
 Section 608. Resignation and Removal; Appointment of
Successor. 
  
 (a) No resignation or removal
of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 609. 
  
 (b) The Trustee may resign at any time with respect to the
Securities of one or more series by giving written notice thereof to the Company. 
  
 (c) The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal
amount of the Outstanding Securities of such series delivered to the Trustee and to the Company. 
  
 (d) If at any time: 
  
 (1) the Trustee shall fail to comply with the provisions of TIA Section 310(b) after written request therefor by the Company or by
any Holder of a Security who has been a bona fide Holder of a Security for at least six months, or 
  
 (2) the Trustee shall cease to be eligible under Section 607 and shall fail to resign after written request therefor by the Company
or by any Holder of a Security who has been a bona fide Holder of a Security for at least six months, or 
  
 (3) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its
property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then, in any such case, (i) the Company by or pursuant
to a Board Resolution may remove the Trustee and appoint a successor Trustee with respect to all Securities, or (ii) subject to TIA Section 315(e), any Holder of a Security who has been a bona fide Holder of a Security for at least six
months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees. 
  

 55 

 (e) If an instrument of acceptance by a successor Trustee shall not have been delivered
to the Trustee within 30 days after the giving of a notice of resignation or the delivery of an Act of removal, the Trustee resigning or being removed or any Holder who has been a bona fide Holder of Securities for at least six months, may petition
at the expense of the Company any court of competent jurisdiction for the appointment of a successor Trustee. 
  
 (f) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any
cause with respect to the Securities of one or more series, the Company, by or pursuant to a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being understood that
any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time, except as provided in Section 613, there shall be only one Trustee with respect to the Securities of any
particular series). If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a majority in
principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee with respect
to the Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the Company or the Holders of
Securities and accepted appointment in the manner hereinafter provided, any Holder of a Security who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated,
petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to Securities of such series. 
  
 (g) The Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series and
each appointment of a successor Trustee with respect to the Securities of any series in the manner provided for notices to the Holders of Securities in Section 106. Each notice shall include the name of the successor Trustee with respect to the
Securities of such series and the address of its Corporate Trust Office. 
  
 Section 609. Acceptance of Appointment by Successor. 
  
 (a) In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee shall
execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any
further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute
and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee, and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee
hereunder, subject nevertheless to its claim, if any, provided for in Section 606. 
  

 56 

 (b) In case of the appointment hereunder of a successor Trustee with respect to the
Securities of one or more (but not all) series, the Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor
Trustee shall accept such appointment and which 
  
 (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that
or those series to which the appointment of such successor Trustee relates, 
  
 (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the
retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and 
  
 (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or
facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall
be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring
Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to
the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all
property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates. 
  
 (c) Upon request of any such successor Trustee, the Company shall execute any and all instruments for more
fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in Subsection (a) or (b) of this Section, as the case may be. 
  
 (d) No successor Trustee shall accept its appointment unless
at the time of such acceptance such successor Trustee shall be qualified and eligible under this Article. 
  
 Section 610. Merger, Conversion, Consolidation or Succession to Business. 
  
 Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder,

  

 57 

 
provided such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on
the part of any of the parties hereto. In case any Securities or coupons shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt
such authentication and deliver the Securities or coupons so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities or coupons. In case any Securities or coupons shall not have been authenticated by
such predecessor Trustee, any such successor Trustee may authenticate and deliver such Securities or coupons, in either its own name or that of its predecessor Trustee, with the full force and effect which this Indenture provides for the certificate
of authentication of the Trustee. 
  
 Section 611. Appointment
of Authenticating Agent. 
  
 (a) At any time
when any of the Securities remain Outstanding, the Trustee may appoint an Authenticating Agent or Agents with respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities of such
series issued upon exchange, registration of transfer or partial redemption thereof, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the
Trustee hereunder. Any such appointment shall be evidenced by an instrument in writing signed by a Responsible Officer of the Trustee, a copy of which instrument shall be promptly furnished to the Company. Wherever reference is made in this
Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent
and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be reasonably acceptable to the Company and, except as may otherwise be provided pursuant to Section 301, shall at
all times be a bank or trust company or corporation organized and doing business and in good standing under the laws of the United States of America or of any State or the District of Columbia, authorized under such laws to act as Authenticating
Agent, having a combined capital and surplus of not less than $50,000,000 and subject to supervision or examination by Federal or State authorities. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or
the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its
most recent report of condition so published. In case at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the
effect specified in this Section. 
  
 (b) Any
corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any
corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or
filing of any paper or further act on the part of the Trustee or the Authenticating Agent. 
  

 58 

 (c) An Authenticating Agent for any series of Securities may at any time resign by giving
written notice of resignation to the Trustee for such series and to the Company. The Trustee for any series of Securities may at any time terminate the agency of an Authenticating Agent by giving written notice of termination to such Authenticating
Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee for such
series may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall give notice of such appointment to all Holders of Securities of the series with respect to which such Authenticating Agent will serve in the
manner set forth in Section 106. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as
an Authenticating Agent herein. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 
  
 (d) The Company agrees to pay to each Authenticating Agent from time to time reasonable compensation including reimbursement of its
reasonable expenses for its services under this Section. 
  
 (e) If an appointment with respect to one or more series is made pursuant to this Section, the Securities of such series may have endorsed thereon, in addition to or in lieu of the Trustee’s certificate of
authentication, an alternate certificate of authentication substantially in the following form: 
  
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	 [                                      
                                        
      ]

	 as Trustee

  

			
		
	By	 	 
	 	 	as Authenticating Agent

  

			
		
	By	 	 
	 	 	Authorized Signatory

  

 59 

 Section 612. Conflicting Interests. 
  
 The Trustee shall comply with the provisions of Section 310(b) of the Trust Indenture Act. [Disclosure of any Senior
Indenture entered into between the Company and the Trustee.] 
  
 Section 613. Appointment of Co-Trustee. 
  
 (a) For the purpose of meeting any legal requirements of any jurisdiction in which the Company may at the time be located in connection with the enforcement of any right or the taking of any action on behalf of the
Holders of any Securities issued hereunder, the Trustee shall have the power and may execute and deliver all instruments necessary to appoint one or more Persons to act as a co-trustee or co-trustees, or separate trustee or separate trustees, such
powers, duties, obligations, rights and trusts as the Trustee may consider necessary or desirable. Each co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as a trustee under Section 607. The Trustee
shall promptly notify the Holders and the Company of the appointment of a co-trustee or separate trustee under this section. 
  
 (b) Every separate trustee and co-trustee shall, to the extent permitted by law, be appointed and act subject to the following provisions
and conditions: 
  
 (1) all rights, powers,
duties and obligations conferred or imposed upon the Trustee shall be conferred or imposed upon and exercised or performed by the Trustee and such separate trustee or co-trustee jointly (it being understood that such separate trustee or co-trustee
is not authorized to act separately without the Trustee joining in such act), except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed the Trustee shall be incompetent or unqualified to
perform such act or acts, in which event such rights, powers, duties and obligations shall be exercised and performed singly by such separate trustee or co-trustee, but solely at the direction of the Trustee; 
  
 (2) no trustee hereunder shall be personally liable by
reason of any act or omission of any other trustee hereunder; 
  
 (3) the Trustee may at any time accept the resignation of or remove any separate trustee or co-trustee; 
  
 (4) any notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate trustees and
co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Indenture and the conditions of this Article VI. Each separate trustee and co-trustee, upon its
acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Trustee or separately, as may be provided therein, subject to all the provisions of this Indenture,
specifically including every provision of this Indenture relating to the conduct of, affecting the liability of, or affording protection or rights (including the rights to compensation, reimbursement and indemnification hereunder) to, the Trustee.
Every such instrument shall be filed with the Trustee; and 
  

 60 

 (5) any separate trustee or co-trustee may at any time constitute the Trustee its agent
or attorney-in-fact with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Indenture on its behalf and in its name for the purposes of enforcing any rights or taking any other action on
behalf of the Holders of any Securities issued hereunder. 
  
 Section 614. Preferential Collection of Claims Against Company. 
  
 If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Securities), the Trustee shall be subject to and shall take all actions necessary to comply with the provisions of
the Trust Indenture Act regarding the collection of claims against the Company (or any such other obligor). 
  
 Section 615. Trustee’s Application for Instructions from the Company. 
  
 Any application by the Trustee for written instructions from the Company may, at the option of the Trustee, set forth in
writing any action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action shall be taken or such omission shall be effective. The Trustee shall not be liable for any action taken by, or
omission of, the Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than five Business Days after the date any officer of the Company actually receives
such application, unless any such officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective date in the case of an omission), the Trustee shall have received written instructions in
response to such application specifying the action to be taken or omitted. 
  
 ARTICLE VII 
  
 HOLDERS’ LISTS
AND REPORTS BY TRUSTEE AND COMPANY 
  
 Section 701. Disclosure
of Names and Addresses of Holders. 
  
 (a)
The Company will furnish or cause to be furnished to the Trustee: 
  
 (1) semiannually, not later than 15 days after each Regular Record Date for Securities of each series at the time Outstanding, a list in such form as the Trustee may reasonably require, of the names and addresses of
the Holders of Registered Securities as of such Regular Record Date, or if there is no Regular Record Date for interest for such series of Securities, semiannually, upon such dates as are set forth in the Board Resolution, Officers’
Certificates indenture supplemental hereto authorizing such series, and 
  
 (2) at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the
time such list is furnished; 
  
 provided, that, so long as the Trustee is the
Security Registrar, no such list shall be required to be furnished. 
  

 61 

 (b) The Trustee shall preserve, in as current a form as is reasonably practicable, the
names and addresses of Holders contained in the most recent list furnished to the Trustee as provided in Section 701 and the names and addresses of Holders received by the Trustee in its capacity as Security Registrar. The Trustee may destroy
any list furnished to it as provided in Section 701 upon receipt of a new list so furnished. 
  
 (c) The rights of the Holders to communicate with other Holders with respect to their rights under this Indenture or under the Securities,
and the corresponding rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act. 
  
 (d) Every Holder of Securities or coupons, by receiving and holding the same, agrees with the Company and the Trustee that neither the
Company nor the Trustee nor any Authenticating Agent nor any Paying Agent nor any Security Registrar shall be held accountable by reason of the disclosure of any information as to the names and addresses of the Holders of Securities in accordance
with TIA Section 312, regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under TIA Section 312(b). 

 
 Section 702. Reports by Trustee. 
  
 Within 60 days after May 15 of each year commencing with the first
May 15 after the first issuance of Securities pursuant to this Indenture, the Trustee shall transmit by mail to all Holders of Securities as provided in TIA Section 313(c) a brief report dated as of such May 15 if required by TIA
Section 313(a). 
  
 A copy of each such report shall, at the
time of such transmission to Holders, be filed by the Trustee with each stock exchange, if any, upon which the Securities are listed, with the Commission and with the Company. The Company will promptly notify the Trustee of the listing or de-listing
of the Securities on any stock exchange. 
  
 Section 703.
Reports by Company. 
  
 (a) The Company
will: 
  
 (1) file with the Trustee, within 15
days after the Company is required to file the same with the Commission, copies of the annual reports and of the information, documents, and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by
rules and regulations prescribe) which the Company may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934; or, if the Company is not required to file information,
documents or reports pursuant to either of such Sections, then it will file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic
information, documents and reports which may be required pursuant to Section 13 of the Securities Exchange Act of 1934 in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in
such rules and regulations; 
  

 62 

 (2) file with the Trustee and the Commission, in accordance with rules and regulations
prescribed from time to time by the Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants of this Indenture as may be required from time to time by such rules and
regulations; and 
  
 (3) transmit by mail to the
Holders of Securities, within 30 days after the filing thereof with the Trustee, in the manner and to the extent provided in TIA Section 313(c), such summaries of any information, documents and reports required to be filed by the Company
pursuant to clauses (1) and (2) of this Section 703(a) as may be required by rules and regulations prescribed from time to time by the Commission. 
  
 (b) Delivery of such reports, information and documents to the Trustee pursuant to Section 703(a) of
this Section is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s
compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 
  
 Section 704. Calculation of Original Issue Discount. 
  
 Upon request of the Trustee, the Company shall file with the Trustee promptly at the end of each calendar year 
  
 (a) a written notice specifying the amount of original issue
discount (including daily rates and accrual periods), if any, accrued on Outstanding Securities as of the end of such year and 
  
 (b) such other specific information relating to such original issue discount as may then be relevant under the Internal Revenue Code of
1986, as amended from time to time. 
  
 ARTICLE VIII 
  
 CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER 
  
 Section 801. Company May Consolidate, Etc., Only on Certain Terms.

  
 The Company shall not consolidate with or merge with or into
any other Person or convey or transfer its properties and assets substantially as an entirety to any Person, unless: 
  
 (a) either the Company shall be the continuing corporation, or the corporation (if other than the Company) formed by such consolidation or
into which the Company is merged or the Person which acquires by conveyance or transfer the properties and assets of the Company substantially as an entirety shall expressly assume, by an indenture supplemental hereto, executed and delivered to the
Trustee, in form satisfactory to the Trustee, all of the obligations of the Company under this Indenture and on all the Securities; 
  

 63 

 (b) immediately after giving effect to such transaction, no Default or Event of Default
shall have occurred and be continuing; and 
  
 (c) the Company and the successor Person have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that such consolidation, merger, conveyance or transfer and such supplemental indenture comply with
this Article and that all conditions precedent herein provided for relating to such transaction have been complied with. 
  
 Section 802. Successor Person Substituted. 
  
 (a) Upon any consolidation or merger, or any conveyance or transfer of the properties and assets of the Company substantially as an
entirety in accordance with Section 801, the successor corporation formed by such consolidation or into which the Company is merged or the successor Person to which such conveyance or transfer is made shall succeed to, and be substituted for,
and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor had been named as the Company herein; and in the event of any such conveyance or transfer (except by a lease), the Company shall be
discharged from all its obligations and covenants under this Indenture and the Securities and coupons and may be dissolved and liquidated. 
  
 (b) Such successor entity thereupon may cause to be signed, and may issue either in its own name or in the name of the Company, any or all
of the Securities issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon the order of such successor entity, instead of the Company, and subject to all the terms, conditions and
limitations prescribed in this Indenture, the Trustee shall authenticate and shall deliver any Securities which previously shall have been signed and delivered by the officers of the Company to the Trustee for authentication, and any Securities
which such successor entity thereafter shall cause to be signed and delivered to the Trustee for that purpose. All the Securities of any series so issued shall in all respects have the same legal rank and benefit under this Indenture as the
Securities of such series theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Securities had been issued at the date of the execution hereof. 
  
 (c) In case of any such merger in which the Company is not
the surviving corporation or any such consolidation, sale, lease, assignment, transfer or conveyance, such changes in phraseology and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate.

  
 Section 803. Officers’ Certificate and Opinion of
Counsel. 
  
 Any consolidation, merger, sale, conveyance,
assignment, transfer or lease permitted under Section 801 is also subject to the condition that the Trustee shall have received an Officers’ Certificate and an Opinion of Counsel to the effect that any such consolidation, merger, sale,
conveyance, transfer, assignment or lease, and the assumption by any successor Person and any such supplemental indenture, comply with the provisions of this Article and that all conditions precedent herein provided for relating to such transaction
have been complied with. 
  

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 ARTICLE IX 
  
 SUPPLEMENTAL INDENTURES 
  
 Section 901. Supplemental Indentures Without Consent of Holders.

  
 Without the consent of any Holders of Securities or coupons,
the Company when authorized by or pursuant to a Board Resolution, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes:

  
 (a) to evidence the succession of another
Person to the Company and the assumption by any such successor of the covenants of the Company herein and in the Securities contained; or 
  
 (b) to add to the covenants of the Company for the benefit of the Holders of all or any series of Securities (and if such covenants are to
be for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit of such series) or to surrender any right or power herein conferred upon the Company; or 
  
 (c) to add any additional Events of Default for the benefit
of the Holders of all or any series of Securities (and if such Events of Default are to be for the benefit of less than all series of Securities, stating that such Events of Default are expressly being included solely for the benefit of such
series); provided, that, in respect of any such additional Events of Default such supplemental indenture may provide for a particular period of grace after default (which period may be shorter or longer than that allowed in the case of other
defaults) or may provide for an immediate enforcement upon such default or may limit the remedies available to the Trustee upon such default or may limit the right of the Holders of a majority in aggregate principal amount of that or those series of
Securities to which such additional Events of Default apply to waive such default; or 
  
 (d) to add to or change any of the provisions of this Indenture to provide that Bearer Securities may be registrable as to principal, to
change or eliminate any restrictions on the payment of principal of or any premium or interest on Bearer Securities, to permit Bearer Securities to be issued in exchange for Registered Securities, to permit Bearer Securities to be issued in exchange
for Bearer Securities of other authorized denominations or to permit or facilitate the issuance of Securities in uncertificated form; provided that any such action shall not adversely affect the interests of the Holders of Securities of any series
or any related coupons in any material respect; or 
  
 (e) to change or eliminate any of the provisions of this Indenture; provided that any such change or elimination shall become effective only when there is no Security Outstanding of any series created prior to the execution of such
supplemental indenture which is entitled to the benefit of such provision; or 
  
 (f) to secure the Securities pursuant to the requirements of such indenture supplement, if applicable; or 
  

 65 

 (g) to establish the form or terms of Securities of any series and any related coupons as
permitted by Sections 201 and 301, including the provisions and procedures relating to Securities convertible into or exchangeable for any securities of any Person (including the Company); or 
  
 (h) to evidence and provide for the acceptance of
appointment hereunder by a successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts
hereunder by more than one Trustee; or 
  
 (i) to
close this indenture with respect to the authentication and delivery of additional series of Securities, to cure any ambiguity, to correct or supplement any provision herein which may be inconsistent with any other provision herein, or to make any
other provisions with respect to matters or questions arising under this Indenture; provided that such action shall not adversely affect the interests of the Holders of Securities of any series or any related coupons in any material respect; or

  
 (j) to supplement any of the provisions of
this Indenture to such extent as shall be necessary to permit or facilitate the defeasance and discharge of any series of Securities pursuant to Sections 401, 1402 and 1403; provided that any such action shall not adversely affect the interests
of the Holders of Securities of such series and any related coupons or any other series of Securities in any material respect; or 
  
 (k) to comply with the requirements of the Commission in order to effect or maintain the qualification of this Indenture under the TIA.

  
 Section 902. Supplemental Indentures with Consent of
Holders. 
  
 (a) With the consent of the
Holders of not less than a majority in principal amount of all Outstanding Securities affected by such supplemental indenture, with each series voting separately, by Act of said Holders delivered to the Company and the Trustee, the Company, when
authorized by or pursuant to a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this
Indenture which affects such series of Securities or of modifying in any manner the rights of the Holders of Securities of such series under this Indenture; provided, that, no such supplemental indenture shall, without the consent of the Holder of
each Outstanding Security of such series affected thereby: 
  
 (1) change the Stated Maturity of the principal of (or premium, if any, on) or any installment of principal of or interest on, any Security, subject to the provisions of Section 308; or reduce the principal
amount thereof (or premium, if any) or the rate of interest (or change the manner of calculation of interest) thereon, or any Additional Amounts with respect thereto, or any premium payable upon the redemption thereof, or change any obligation of
the Company to pay Additional Amounts pursuant to Section 1005 (except as contemplated by Section 801(a) and permitted by Section 901(a)), or reduce the amount of the principal of an Original Issue Discount Security or Indexed
Security that would be due and payable upon a declaration of acceleration of the 

  

 66 

 
Maturity thereof pursuant to Section 502 or the amount thereof provable in bankruptcy pursuant to Section 504, or adversely affect any right of
repayment at the option of the Holder of any Security, or change any Place of Payment where, or the Currency in which, any Security or any premium or interest or Additional Amount thereon is payable, or impair the right to institute suit for the
enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption or repayment at the option of the Holder, on or after the Redemption Date or the Repayment Date, as the case may be), or adversely affect any
right to convert or exchange any Security as may be provided pursuant to Section 301 herein, or 
  
 (2) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for
any such supplemental indenture, or the consent of whose Holders is required for any waiver with respect to such series (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in
this Indenture, or reduce the requirements of Section 1504 for quorum or voting, or 
  
 (3) modify any of the provisions of this Section, Section 514 or Section 1007, except to increase any such percentage or to
provide that certain other provisions of this Indenture that affect such series cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby, or 
  
 (4) modify any of the provisions of this Indenture relating
to the subordination of the Securities or the definitions related thereto as they affect subordination in a manner adverse to the Holders, or 
  
 (5) cause the Securities to be expressly subordinated to other indebtedness of the Company. 
  
 (b) It shall not be necessary for any Act of Holders under
this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 
  

(c) A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been
included solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under
this Indenture of the Holders of Securities of any other series. 
  
 (d) The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Persons entitled to consent to any indenture supplemental hereto. If a record date is fixed, the Holders at the
close of Business on such record date, or their duly designated proxies, and only such Persons, shall be entitled to consent to such supplemental indenture, whether or not such Holders remain Holders after such record date; provided that unless such
consent shall have become effective by virtue of the requisite percentage having been obtained prior to the date which is 90 days after such record date, any such consent 

  

 67 

 
previously given shall automatically and without further action by any Holder be cancelled and of no further effect. 
  
 Section 903. Execution of Supplemental Indentures. 
  
 In executing, or accepting the additional trusts created by, any supplemental
indenture permitted by this Article or the modification thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and shall be fully protected in relying upon (subject to the provisions of Article VI hereof), an
Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s
own rights, duties or immunities under this Indenture or otherwise. 
  
 Section 904. Effect of Supplemental Indentures. 
  
 Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of
Securities theretofore or thereafter authenticated and delivered hereunder and of any coupon appertaining thereto shall be bound thereby. 
  
 Section 905. Conformity with Trust Indenture Act. 
  
 Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect. 

 
 Section 906. Reference in Securities to Supplemental Indentures.

  
 Securities of any series authenticated and delivered after the
execution of any supplemental indenture pursuant to this Article may, and shall, if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so
determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in
exchange for Outstanding Securities of such series. 
  
 Section
907. Effect on Senior Indebtedness. 
  
 No supplemental
indenture shall adversely affect the rights of any holder of Senior Indebtedness under Article XVI without the consent of such holder. 
  
 ARTICLE X 
  
 COVENANTS 
  
 Section 1001. Payment of Principal, Premium, if any, and Interest. 
  
 The Company covenants and agrees for the benefit of the Holders of each series of Securities that it will duly and punctually pay the principal of (and premium, if any) and interest 

  

 68 

 
and Additional Amounts, if any, on the Securities of that series in accordance with the terms of such series of Securities, any coupons appertaining thereto
and this Indenture. Any interest due on Bearer Securities on or before Maturity, other than Additional Amounts, if any, payable as provided in Section 1005 in respect of principal of (or premium, if any, on) such a Security, shall be payable
only upon presentation and surrender of the several coupons for such interest installments as are evidenced thereby as they severally mature. Unless otherwise specified with respect to Securities of any series pursuant to Section 301, at the
option of the Company, all payments of principal may be paid by check to the registered Holder of the Registered Security or other person entitled thereto against surrender of such Security or wire transfer to an account in the United States
maintained by the Payee. 
  
 Section 1002. Maintenance of
Office or Agency. 
  
 (a) If Securities of a
series are issuable only as Registered Securities, the Company shall maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series may be presented or surrendered for payment, where Securities of
that series may be surrendered for registration of transfer or exchange, where Securities of that series that are convertible or exchangeable may be surrendered for conversion or exchange, as applicable, and where notices and demands to or upon the
Company in respect of the Securities of that series and this Indenture may be served. If Securities of a series are issuable as Bearer Securities, the Company will maintain: 
  
 (1) in the Borough of Manhattan, The City of New York, an office or agency where any Registered Securities
of that series may be presented or surrendered for payment, where any Registered Securities of that series may be surrendered for registration of transfer, where Securities of that series may be surrendered for exchange, where Securities of that
series that are convertible or exchangeable may be surrendered for conversion or exchange, as applicable, and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served and where
Bearer Securities of that series and related coupons may be presented or surrendered for payment in the circumstances described in the clause(2) of this Subsection (and not otherwise), 
  
 (2) subject to any laws or regulations applicable thereto, in a Place of Payment for that series which is
located outside the United States, an office or agency where Securities of that series and related coupons may be presented and surrendered for payment; provided, that, if the Securities of that series are listed on the Luxembourg Stock Exchange or
any other stock exchange located outside the United States and such stock exchange shall so require, the Company will maintain a Paying Agent for the Securities of that series in Luxembourg or any other required city located outside the United
States, as the case may be, so long as the Securities of that series are listed on such exchange, and 
  
 (3) subject to any laws or regulations applicable thereto, in a Place of Payment for that series located outside the United States an
office or agency where any Registered Securities of that series may be surrendered for registration of transfer, where Securities of that series may be surrendered for exchange, where Securities of that series 

  

 69 

 
that are convertible or exchangeable may be surrendered for conversion or exchange, as applicable and where notices and demands to or upon the Company in
respect of the Securities of that series and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of each such office or agency. 
  
 (b) If at any time the Company shall fail to maintain any
such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, except that Bearer Securities of
that series and the related coupons may be presented and surrendered for payment at the offices specified in the Security, in London, England, and the Company hereby appoints the same as its agent to receive such respective presentations,
surrenders, notices and demands, and the Company hereby appoints the Trustee its agent to receive all such presentations, surrenders, notices and demands. 
  
 (c) Unless otherwise specified with respect to any Securities pursuant to Section 301, no payment of principal, premium or interest
on Bearer Securities shall be made at any office or agency of the Company in the United States or by check mailed to any address in the United States or by transfer to an account maintained with a bank located in the United States; provided, that,
if the Securities of a series are payable in Dollars, payment of principal of (and premium, if any) and interest, if any, on any Bearer Security shall be made at the office of the Company’s Paying Agent in the Borough of Manhattan, The City of
New York, if (but only if) payment in Dollars of the full amount of such principal, premium or interest, as the case may be, at all offices or agencies outside the United States maintained for such purpose by the Company in accordance with this
Indenture, is illegal or effectively precluded by exchange controls or other similar restrictions. 
  
 (d) The Company may from time to time designate one or more other offices or agencies where the Securities of one or more series may be
presented or surrendered for any or all of such purposes, and may from time to time rescind such designations; provided, that, no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or
agency in accordance with the requirements set forth above for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such
other office or agency. Unless otherwise specified with respect to any Securities pursuant to Section 301 with respect to a series of Securities, the Company hereby designates as a Place of Payment for each series of Securities the office or
agency of the Company in the Borough of Manhattan, The City of New York, and initially appoints the Trustee at its Corporate Trust Office as Paying Agent in such city and as its agent to receive all such presentations, surrenders, notices and
demands. 
  
 (e) Unless otherwise specified with
respect to any Securities pursuant to Section 301, if and so long as the Securities of any series 
  
 (1) are denominated in a Currency other than Dollars, 
  
 (2) may be payable in a Currency other than Dollars, or 
  

 70 

 (3) so long as it is required under any other provision of the Indenture, 
  
 the Company will maintain with respect to each such series of Securities, or as so required,
at least one Exchange Rate Agent. 
  
 Section 1003. Money for
Securities Payments to be Held in Trust. 
  
 (a) If the Company or any Subsidiary or any Affiliate of any of them shall at any time act as Paying Agent with respect to any series of any Securities and any related coupons, it will, on or before each due date of the principal of (or
premium, if any) or interest, if any, on any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum in the Currency in which the Securities of such series are payable (except as otherwise
specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) sufficient to pay the principal of (and premium, if any) and interest, if any, on Securities
of such series so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act. 
  
 (b) Whenever the Company shall have one or more Paying
Agents for any series of Securities and any related coupons, it will, on or before each due date of the principal of (or premium, if any) or interest, if any, on any Securities of that series, deposit with a Paying Agent a sum (in the Currency
described in Section 1003(a)) sufficient to pay the principal (or premium, if any) or interest, if any, so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest and (unless
such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 
  
 (c) The Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose,
pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Company or
such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such sums. 
  
 (d) Except as otherwise provided in the Securities of any series, any money deposited with the Trustee or
any Paying Agent, or then held by the Company, in trust for the payment of the principal of (or premium, if any) or interest, if any, on any Security of any series and remaining unclaimed for two years after such principal, premium or interest has
become due and payable shall be paid to the Company upon Company Request or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the
Company for payment of such principal, premium or interest on any Security, without interest thereon, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall
thereupon cease; provided, that, the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in an Authorized Newspaper in each Place of Payment for such series,
or mailed to each 

  

 71 

 
Holder of Registered Securities of such series, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less
than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Company. 
  
 Section 1004. Corporate Existence. 
  
 Subject to Article VIII, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect its corporate
existence and material rights and franchises (charter and statutory); provided, that, neither the Company shall be required to preserve any such right or franchise if it shall determine that the preservation thereof is no longer necessary or
desirable in the conduct of the business of the Company; and provided further, that the foregoing shall not prohibit a sale, transfer or conveyance of a Subsidiary or any of its assets in compliance with the terms of the Indenture. 
  
 Section 1005. Additional Amounts. 
  
 (a) If any Securities of a series provide for the payment of
Additional Amounts, the Company will pay to the Holder of a Security of such series or any coupon appertaining thereto Additional Amounts as may be specified as contemplated by Section 301. Whenever in this Indenture there is mentioned, in any
context, the payment of the principal of (or premium, if any) or interest, if any, on any Security of any series or payment of any related coupon or the net proceeds received on the sale or exchange of any Security of any series, such mention shall
be deemed to include mention of the payment of Additional Amounts provided by the terms of such series established pursuant to Section 301 to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof
pursuant to such terms and express mention of the payment of Additional Amounts (if applicable) in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such express mention is not made.

  
 (b) Except as otherwise specified as
contemplated by Section 301, if the Securities of a series provide for the payment of Additional Amounts, at least 10 days prior to the first Interest Payment Date with respect to that series of Securities (or if the Securities of that series
will not bear interest prior to Maturity, the first day on which a payment of principal and any premium is made), and at least 10 days prior to each date of payment of principal, premium or interest if there has been any change with respect to the
matters set forth in the below-mentioned Officers’ Certificate, the Company will furnish the Trustee and the Company’s principal Paying Agent or Paying Agents, if other than the Trustee, with an Officers’ Certificate instructing the
Trustee and such Paying Agent or Paying Agents whether such payment of principal, premium or interest on the Securities of that series shall be made to Holders of Securities of that series or any related coupons who are not United States persons
without withholding for or on account of any tax, assessment or other governmental charge described in the Securities of the series. If any such withholding shall be required, then such Officers’ Certificate shall specify by country the amount,
if any, required to be withheld on such payments to such Holders of Securities of that series or related coupons and the Company will pay to the Trustee or such Paying Agent the Additional Amounts required by the terms of such Securities. In the
event that the Trustee or any Paying Agent, as the case may be, shall not so receive the 

  

 72 

 
above-mentioned certificate, then the Trustee or such Paying Agent shall be entitled (1) to assume that no such withholding or deduction is required
with respect to any payment of principal of (or premium, if any) or interest with respect to any Securities of a series or related coupons until it shall have received a certificate advising otherwise and (2) to make all payments of principal
of (or premium, if any) and interest with respect to the Securities of a series or related coupons without withholding or deductions until otherwise advised. The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them
harmless against, any loss, liability or expense reasonably incurred without negligence or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished
pursuant to this Section. 
  
 Section 1006. Statement as to
Compliance. 
  
 The Company will deliver to the Trustee,
within 120 days after the end of each fiscal year, a brief certificate from the principal executive officer, principal financial officer or principal accounting officer as to his or her knowledge of the Company’s compliance with all conditions
and covenants under this Indenture and, if the Company is in default, specifying all such defaults and the nature and status thereof of which he or she may have knowledge. For purposes of this Section 1006, such compliance shall be determined
without regard to any period of grace or requirement of notice under this Indenture. 
  
 Section 1007. Waiver of Certain Covenants. 
  
 With respect to the Securities of any series, the Company may omit in any particular instance to comply with any term, provision or condition specified pursuant to Section 301 as being subject to this
Section 1007, if before or after the time for such compliance the Holders of at least a majority in principal amount of all Outstanding Securities of such series affected by such term, provision or condition, by Act of such Holders, waive such
compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall
become effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect. 
  
 Section 1008. Statement by Officers as to Default. 
  
 The Company shall deliver to the Trustee, as soon as possible and in any event within 10 days after the Company becomes
aware of the occurrence of any Event of Default or an event which, with notice or the lapse of time or both, would constitute an Event of Default, an Officers’ Certificate setting forth the details of such Event of Default or default and the
action which the Company proposes to take with respect thereto. 
  

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 ARTICLE XI 
  
 REDEMPTION OF SECURITIES 
  
 Section 1101. Applicability of Article. 
  
 Securities of any series which are redeemable before their Stated Maturity
shall be redeemable in accordance with their terms and (except as otherwise specified as contemplated by Section 301 for Securities of any series) in accordance with this Article. 
  
 Section 1102. Election to Redeem; Notice to Trustee. 
  
 The election of the Company to redeem any Securities shall be evidenced by or pursuant to a Board Resolution. In case of any
redemption at the election of the Company of less than all of the Securities of any series, the Company shall, at least 60 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify
the Trustee in writing of such Redemption Date and of the principal amount of Securities of such series to be redeemed. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms
of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction. 
  
 Section 1103. Selection by Trustee of Securities to be Redeemed. 
  
 (a) If less than all the Securities of any series issued on
the same day with the same terms are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series issued on such date
with the same terms not previously called for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities
of that series or any integral multiple thereof) of the principal amount of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of that series. 
  
 (b) The Trustee shall promptly notify the Company and the
Security Registrar (if other than itself) in writing of the Securities selected for redemption and, in the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed. 
  
 (c) For all purposes of this Indenture, unless the context
otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security which has been or is to be
redeemed. 
  
 Section 1104. Notice of Redemption.

  
 (a) Notice of redemption shall be given in
the manner provided in Section 106, not less than 30 days nor more than 60 days prior to the Redemption Date, unless a shorter period is specified by the terms of such series established pursuant to Section 301, to each 

  

 74 

 
Holder of Securities to be redeemed, but failure to give such notice in the manner herein provided to the Holder of any Security designated for redemption as
a whole or in part, or any defect in the notice to any such Holder, shall not affect the validity of the proceedings for the redemption of any other such Security or portion thereof. 
  
 (b) Any notice that is mailed to the Holders of Registered Securities in the manner herein provided shall be
conclusively presumed to have been duly given, whether or not the Holder receives the notice. All notices of redemption shall state: 
  
 (1) the Redemption Date, 
  
 (2) the Redemption Price and the amount of accrued interest, if any, to the Redemption Date payable as provided in Section 1106,

  
 (3) if less than all the Outstanding
Securities of any series are to be redeemed, the identification (and, in the case of partial redemption, the principal amount) of the particular Securities to be redeemed, 
  
 (4) in case any Security is to be redeemed in part only, the notice which relates to such Security shall
state that on and after the Redemption Date, upon surrender of such Security, the Holder will receive, without a charge, a new Security or Securities of authorized denominations for the principal amount thereof remaining unredeemed, 
  
 (5) that on the Redemption Date, the Redemption Price and
accrued interest, if any, to the Redemption Date payable as provided in Section 1106 will become due and payable upon each such Security, or the portion thereof, to be redeemed and, if applicable, that interest thereon shall cease to accrue on
and after said date, 
  
 (6) the Place or Places
of Payment where such Securities, together in the case of Bearer Securities with all coupons appertaining thereto, if any, maturing after the Redemption Date, are to be surrendered for payment of the Redemption Price and accrued interest, if any,

  
 (7) that the redemption is for a sinking
fund, if such is the case, 
  
 (8) that, unless
otherwise specified in such notice, Bearer Securities of any series, if any, surrendered for redemption must be accompanied by all coupons maturing subsequent to the Redemption Date or the amount of any such missing coupon or coupons will be
deducted from the Redemption Price, unless security or indemnity satisfactory to the Company, the Trustee for such series and any Paying Agent is furnished, 
  
 (9) if Bearer Securities of any series are to be redeemed and any Registered Securities of such series are not to be redeemed, and if such
Bearer Securities may be exchanged for Registered Securities not subject to redemption on this Redemption Date pursuant to Section 305 or otherwise, the last date, as determined by the Company, on which such exchanges may be made, and

  

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 (10) the CUSIP number of such Security, if any. 
  
 (c) Notice of redemption of Securities to be redeemed shall
be given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company. 
  
 Section 1105. Deposit of Redemption Price. 
  
 On or prior to any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying
Agent, which it may not do in the case of a sinking fund payment under Article XII, segregate and hold in trust as provided in Section 1003) an amount of money in the Currency in which the Securities of such series are payable (except as
otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) sufficient to pay on the Redemption Date the Redemption Price of, and (unless otherwise
specified pursuant to Section 301) accrued and unpaid interest, if any, on, all the Securities or portions thereof which are to be redeemed on that date. 
  

Section 1106. Securities Payable on Redemption Date. 
  

(a) Notice of redemption having been given as aforesaid, the Securities of any series so to be redeemed shall, on the Redemption Date,
become due and payable at the Redemption Price therein specified in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if
applicable, as provided in Sections 312(b), 312(d) and 312(e)) (together with accrued interest, if any, to the Redemption Date), and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued
interest, if any) such Securities shall if the same were interest-bearing cease to bear interest and the coupons for such interest appertaining to any Bearer Securities so to be redeemed, except to the extent provided below, shall be void. Upon
surrender of any such Security for redemption in accordance with said notice, together with all coupons, if any, appertaining thereto maturing after the Redemption Date, such Security shall be paid by the Company at the Redemption Price, together
with accrued interest, if any, to the Redemption Date; provided, that, installments of interest on Bearer Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable only at an office or agency located outside the United
States (except as otherwise provided in Section 1002) and, unless otherwise specified as contemplated by Section 301, only upon presentation and surrender of coupons for such interest; and provided further that installments of interest on
Registered Securities whose Stated Maturity is prior to (or, if specified pursuant to Section 301, on) the Redemption Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the
close of business on the relevant Record Dates according to their terms and the provisions of Section 307. 
  
 (b) If any Bearer Security surrendered for redemption shall not be accompanied by all appurtenant coupons maturing after the Redemption
Date, such Security may be paid after deducting from the Redemption Price an amount equal to the face amount of all such missing coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there be
furnished to them such security or indemnity as they 

  

 76 

 
may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to the Trustee or any Paying Agent
any such missing coupon in respect of which a deduction shall have been made from the Redemption Price, such Holder shall be entitled to receive the amount so deducted; provided, that, interest represented by coupons shall be payable only at an
office or agency located outside the United States (except as otherwise provided in Section 1002) and, unless otherwise specified as contemplated by Section 301, only upon presentation and surrender of those coupons. 
  
 (c) If any Security called for redemption shall not be so
paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate of interest set forth in such Security or, in the case of an Original Issue Discount Security, at
the Yield to Maturity of such Security. 
  
 Section 1107.
Securities Redeemed in Part. 
  
 Any Registered Security
which is to be redeemed only in part (pursuant to the provisions of this Article or of Article XII) shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written
instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing) and the Company shall execute and the Trustee shall authenticate and deliver to the Holder of
such Security without service charge a new Security or Securities of the same series, of any authorized denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of
the Security so surrendered. However, if less than all the Securities of any series with differing issue dates, interest rates and stated maturities are to be redeemed, the Company in its sole discretion shall select the particular Securities to be
redeemed and shall notify the Trustee in writing thereof at least 45 days prior to the relevant redemption date. 
  
 ARTICLE XII 
  
 SINKING FUNDS 
  
 Section 1201. Applicability of
Article. 
  
 (a) The provisions of this
Article shall be applicable to any sinking fund for the retirement of Securities of a series except as otherwise specified as contemplated by Section 301 for Securities of such series. 
  
 (b) The minimum amount of any sinking fund payment provided
for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of such Securities of any series is herein referred to as
an “optional sinking fund payment”. If provided for by the terms of any Securities of any series, the cash amount of any mandatory sinking fund payment may be subject to reduction as provided in Section 1202. Each sinking fund payment
shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series. 
  

 77 

 Section 1202. Satisfaction of Sinking Fund Payments with Securities. 
  
 Except as otherwise specifically contemplated by Section 301 for
Securities of such series, the Company may, in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of a series, (a) deliver Outstanding Securities of such series (other than any previously called
for redemption) together in the case of any Bearer Securities of such series with all unmatured coupons appertaining thereto and (b) apply as a credit Securities of such series which have been redeemed either at the election of the Company
pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, as provided for by the terms of such Securities; provided that such Securities so delivered or
applied as a credit have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the applicable Redemption Price specified in such Securities for redemption through operation of the sinking
fund and the amount of such mandatory sinking fund payment shall be reduced accordingly. 
  
 Section 1203. Redemption of Securities for Sinking Fund. 
  
 Not less than 60 days prior to each sinking fund payment date for Securities of any series, the Company will deliver to the Trustee an Officers’
Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by payment of cash in the Currency in which the
Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) and the portion thereof, if any, which
is to be satisfied by delivering and crediting Securities of that series pursuant to Section 1202, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and will also deliver to the Trustee any
Securities to be so delivered and credited. If such Officers’ Certificate shall specify an optional amount to be added in cash to the next ensuing mandatory sinking fund payment, the Company shall thereupon be obligated to pay the amount
therein specified. Not less than 30 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 1103 and cause notice of the
redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 1104. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated
in Sections 1106 and 1107. 
  
 ARTICLE XIII 
  
 REPAYMENT AT THE OPTION OF HOLDERS 
  
 Section 1301. Applicability of Article. 
  
 Repayment of Securities of any series before their Stated Maturity at the
option of Holders thereof shall be made in accordance with the terms of such Securities and (except as otherwise specified by the terms of such series established pursuant to Section 301) in accordance with this Article. 
  

 78 

 Section 1302. Repayment of Securities. 
  
 Securities of any series subject to repayment in whole or in part at the
option of the Holders thereof will, unless otherwise provided in the terms of such Securities, be repaid at the Repayment Price thereof, together with interest, if any, thereon accrued to the Repayment Date specified in or pursuant to the terms of
such Securities. The Company covenants that on or before the Repayment Date it will deposit with the Trustee or with a Paying Agent (or, if the Company or any Subsidiary or any Affiliate of any of them is acting as Paying Agent, segregate and hold
in trust as provided in Section 1003) an amount of money in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable,
as provided in Sections 312(b), 312(d) and 312(e)) sufficient to pay the Repayment Price of, and (unless otherwise specified pursuant to Section 301) accrued interest on, all the Securities or portions thereof, as the case may be, to be repaid
on such date. 
  
 Section 1303. Exercise of Option.

  
 Securities of any series subject to repayment at the option of
the Holders thereof will contain an “Option to Elect Repayment” form on the reverse of such Securities. To be repaid at the option of the Holder, any Security so providing for such repayment, with the “Option to Elect Repayment”
form on the reverse of such Security duly completed by the Holder (or by the Holder’s attorney duly authorized in writing), must be received by the Company at the Place of Payment therefor specified in the terms of such Security (or at such
other place or places of which the Company shall from time to time notify the Holders of such Securities) not earlier than 45 days nor later than 30 days prior to the Repayment Date. If less than the entire Repayment Price of such Security is to be
repaid in accordance with the terms of such Security, the portion of the Repayment Price of such Security to be repaid, in increments of the minimum denomination for Securities of such series, and the denomination or denominations of the Security or
Securities to be issued to the Holder for the portion of such Security surrendered that is not to be repaid, must be specified. Any Security providing for repayment at the option of the Holder thereof may not be repaid in part if, following such
repayment, the unpaid principal amount of such Security would be less than the minimum authorized denomination of Securities of the series of which such Security to be repaid is a part. Except as otherwise may be provided by the terms of any
Security providing for repayment at the option of the Holder thereof, exercise of the repayment option by the Holder shall be irrevocable unless waived by the Company. 
  
 Section 1304. When Securities Presented for Repayment Become Due and Payable. 
  
 (a) If Securities of any series providing for repayment at
the option of the Holders thereof shall have been surrendered as provided in this Article and as provided by or pursuant to the terms of such Securities, such Securities or the portions thereof, as the case may be, to be repaid shall become due and
payable and shall be paid by the Company on the Repayment Date therein specified, and on and after such Repayment Date (unless the Company shall default in the payment of such Securities on such Repayment Date) such Securities shall, if the same
were interest-bearing, cease to bear interest and the coupons for such interest appertaining to any Bearer Securities so to be repaid, except to the extent provided below, shall 

  

 79 

 
be void. Upon surrender of any such Security for repayment in accordance with such provisions, together with all coupons, if any, appertaining thereto
maturing after the Repayment Date, the Repayment Price of such Security so to be repaid shall be paid by the Company, together with accrued interest, if any, to the Repayment Date; provided, that, coupons whose Stated Maturity is on or prior to the
Repayment Date shall be payable only at an office or agency located outside the United States (except as otherwise provided in Section 1002) and, unless otherwise specified pursuant to Section 301, only upon presentation and surrender of
such coupons; and provided further that installments of interest on Registered Securities, whose Stated Maturity is prior to (or, if specified pursuant to Section 301, on) the Repayment Date shall be payable (but without interest thereon,
unless the Company shall default in the payment thereof) to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and the provisions
of Section 307. 
  
 (b) If any Bearer
Security surrendered for repayment shall not be accompanied by all appurtenant coupons maturing after the Repayment Date, such Security may be paid after deducting from the amount payable therefor as provided in Section 1302 an amount equal to
the face amount of all such missing coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there be furnished to them such security or indemnity as they may require to save each of them and any
Paying Agent harmless. If thereafter the Holder of such Security shall surrender to the Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been made as provided in the preceding sentence, such Holder shall
be entitled to receive the amount so deducted; provided, that, interest represented by coupons shall be payable only at an office or agency located outside the United States (except as otherwise provided in Section 1002) and, unless otherwise
specified as contemplated by Section 301, only upon presentation and surrender of those coupons. 
  
 (c) If any Security surrendered for repayment shall not be so repaid upon surrender thereof, the Repayment Price shall, until paid, bear
interest from the Repayment Date at the rate of interest set forth in such Security or, in the case of an Original Issue Discount Security, at the Yield to Maturity of such Security. 
  
 Section 1305. Securities Repaid in Part. 
  
 Upon surrender of any Registered Security which is to be repaid in part only, the Company shall execute and the Trustee
shall authenticate and deliver to the Holder of such Security, without service charge and at the expense of the Company, a new Registered Security or Securities of the same series, of any authorized denomination specified by the Holder, in an
aggregate principal amount equal to and in exchange for the portion of the principal of such Security so surrendered which is not to be repaid. 
  

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 ARTICLE XIV 
  
 DEFEASANCE AND COVENANT DEFEASANCE 
  
 Section 1401. Applicability of Article; Company’s Option to Effect
Defeasance or Covenant Defeasance. 
  
 If pursuant to
Section 301 provision is made for either or both of (a) defeasance of the Securities of or within a series under Section 1402 or (b) covenant defeasance of the Securities of or within a series under Section 1403, then the
provisions of such Section or Sections, as the case may be, together with the other provisions of this Article (with such modifications thereto as may be specified pursuant to Section 301 with respect to any Securities), shall be applicable to
such Securities and any coupons appertaining thereto, and the Company may at its option by Board Resolution, at any time, with respect to such Securities and any coupons appertaining thereto, elect to have Section 1402 (if applicable) or
Section 1403 (if applicable) be applied to such Outstanding Securities and any coupons appertaining thereto upon compliance with the conditions set forth below in this Article. 
  
 Section 1402. Defeasance and Discharge. 
  
 (a) Upon the Company’s exercise of the above option applicable to this Section with respect to any
Securities of or within a series, the Company shall each be deemed to have been discharged from its obligations with respect to such Outstanding Securities and any coupons appertaining thereto on the date the conditions set forth in
Section 1404 are satisfied (hereinafter, “defeasance”). For this purpose, such defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Outstanding Securities and any
coupons appertaining thereto, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1405 and the other Sections of this Indenture referred to in clauses (a) and (b) of this Section 1402,
and to have satisfied all its other obligations under such Securities and any coupons appertaining thereto and this Indenture insofar as such Securities and any coupons appertaining thereto are concerned (and the Trustee, at the expense of the
Company, shall execute proper instruments acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder: 
  
 (1) the rights of Holders of such Outstanding Securities and any coupons appertaining thereto to receive,
solely from the trust fund described in Section 1404 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any) and interest, if any, on such Securities and any coupons appertaining thereto when
such payments are due, 
  
 (2) the obligations of
the Company with respect to such Securities under Sections 304, 305, 306, 1002 and 1003 and with respect to the payment of Additional Amounts, if any, on such Securities as contemplated by Section 1005 with respect to the rights, if any,
of the holders of such Securities to require the Company to repay such Securities as contemplated by Article XIII and with respect to the rights, if any, of holders to convert or exchange such Securities into other Securities, 
  

 81 

 (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder, and

  
 (4) subject to compliance with this Article
XIV, the Company may exercise its option under this Section 1402 notwithstanding the prior exercise of its option under Section 1403 with respect to such Securities and any coupons appertaining thereto. 
  
 Section 1403. Covenant Defeasance. 
  
 Upon the Company’s exercise of the above option applicable to this
Section with respect to any Securities of or within a series, the Company shall each be released from its obligations under any other covenant specified pursuant to Section 301, with respect to such Outstanding Securities and any coupons
appertaining thereto on and after the date the conditions set forth in Section 1404 are satisfied (hereinafter, “covenant defeasance”), and such Securities and any coupons appertaining thereto shall thereafter be deemed to not be
“Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection with any applicable covenant, but shall continue to be deemed “Outstanding” for
all other purposes hereunder. For this purpose, such covenant defeasance means that, with respect to such Outstanding Securities and any coupons appertaining thereto, the Company may omit to comply with and shall have no liability in respect of any
term, condition or limitation set forth in any such Section or such other covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such Section or such other covenant or by reason of reference in any such Section
or such other covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under clauses (4) or (7) of Section 501(a) or otherwise except as
specified in accordance with Section 301, as the case may be, but, except as specified above, the remainder of this Indenture and such Securities and any coupons appertaining thereto shall be unaffected thereby. 
  
 Section 1404. Conditions to Defeasance or Covenant Defeasance.

  
 The following shall be the conditions to application of
Section 1402 or Section 1403 to any Outstanding Securities of or within a series and any coupons appertaining thereto: 
  
 (a) The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee satisfying the
requirements of Section 607 who shall agree to comply with the provisions of this Article XIV applicable to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely
to, the benefit of the Holders of such Securities and any coupons appertaining thereto, (1) an amount (in such Currency in which such Securities and any coupons appertaining thereto are then specified as payable at Stated Maturity), or
(2) Government Obligations applicable to such Securities and coupons appertaining thereto (determined on the basis of the Currency in which such Securities and coupons appertaining thereto are then specified as payable at Stated Maturity) which
through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment of principal of (and premium, if any) and interest, if any, on such
Securities and any coupons appertaining thereto, money in an amount, or (3) a combination thereof in an amount, 

  

 82 

 
sufficient, in the opinion of a nationally recognized firm of independent public accountants or nationally recognized independent investment banking firm
expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or other qualifying trustee) to pay and discharge, (i) the principal of (and premium, if any) and interest,
if any, on such Outstanding Securities and any coupons appertaining thereto on the Stated Maturity of such principal or installment of principal or interest and (ii) any mandatory sinking fund payments or analogous payments applicable to such
Outstanding Securities and any coupons appertaining thereto on the day on which such payments are due and payable in accordance with the terms of this Indenture and of such Securities and any coupons appertaining thereto. 
  
 (b) Such defeasance or covenant defeasance shall not result
in a breach or violation of, or constitute a default under, this Indenture or any other material agreement or instrument to which the Company is a party or by which it is bound. 
  
 (c) No Default or Event of Default with respect to such Securities and any coupons appertaining thereto
shall have occurred and be continuing on the date of such deposit or, insofar as clauses (5) and (6) of Section 501(a) are concerned, at any time during the period ending on the 91st day after the date of such deposit (it being
understood that this condition shall not be deemed satisfied until the expiration of such period). 
  
 (d) In the case of an election under Section 1402, the Company shall have delivered to the Trustee an Opinion of Counsel stating that
(1) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (2) since the date of execution of this Indenture, there has been a change in the applicable Federal income tax law, in either
case to the effect that, and based thereon such opinion shall confirm that, the Holders of such Outstanding Securities and any coupons appertaining thereto will not recognize income, gain or loss for Federal income tax purposes as a result of such
defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such defeasance had not occurred. 
  
 (e) In the case of an election under Section 1403, the Company shall have delivered to the Trustee an
Opinion of Counsel to the effect that the Holders of such Outstanding Securities and any coupons appertaining thereto will not recognize income, gain or loss for Federal income tax purposes as a result of such covenant defeasance and will be subject
to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred. 
  

(f) The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent to the defeasance under Section 1402 or the covenant defeasance under Section 1403 (as the case may be) have been complied with and an Opinion of Counsel to the effect that either (i) as a result of a deposit
pursuant to Subsection (a) of this Section and the related exercise of the Company’s option under Section 1402 or Section 1403 (as the case may be), registration is not required under the Investment Company Act of 1940, as
amended, by the Company, with respect to the trust funds representing such deposit or by the trustee for such trust funds or (ii) all necessary registrations under said Act have been effected. 
  

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 (g) Notwithstanding any other provisions of this Section, such defeasance or covenant
defeasance shall be effected in compliance with any additional or substitute terms, conditions or limitations which may be imposed on the Company in connection therewith pursuant to Section 301. 
  
 Section 1405. Deposited Money and Government Obligations to Be Held in
Trust; Other Miscellaneous Provisions. 
  
 (a) Subject to the provisions of Section 1003(d), all money and Government Obligations (or other property as may be provided pursuant to Section 301) (including the proceeds thereof) deposited with the Trustee (or other qualifying
trustee, collectively for purposes of this Section 1405, the “Trustee”) pursuant to Section 1404 in respect of any Outstanding Securities of any series and any coupons appertaining thereto shall be held in trust and applied by
the Trustee, in accordance with the provisions of such Securities and any coupons appertaining thereto and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the
Trustee may determine, to the Holders of such Securities and any coupons appertaining thereto of all sums due and to become due thereon in respect of principal (and premium, if any) and interest, if any, but such money need not be segregated from
other funds except to the extent required by law. 
  
 (b) Unless otherwise specified with respect to any Security pursuant to Section 301, if, after a deposit referred to in Section 1404(a) has been made, (1) the Holder of a Security in respect of which such deposit was made is
entitled to, and does, elect pursuant to Section 312(b) or the terms of such Security to receive payment in a Currency other than that in which the deposit pursuant to Section 1404(a) has been made in respect of such Security, or
(2) a Conversion Event occurs as contemplated in Section 312(d) or 312(e) or by the terms of any Security in respect of which the deposit pursuant to Section 1404(a) has been made, the indebtedness represented by such Security and any
coupons appertaining thereto shall be deemed to have been, and will be, fully discharged and satisfied through the payment of the principal of (and premium, if any) and interest, if any, on such Security as the same becomes due out of the proceeds
yielded by converting (from time to time as specified below in the case of any such election) the amount or other property deposited in respect of such Security into the Currency in which such Security becomes payable as a result of such election or
Conversion Event based on the applicable Market Exchange Rate for such Currency in effect on the second Business Day prior to each payment date, except, with respect to a Conversion Event, for such Currency in effect (as nearly as feasible) at the
time of the Conversion Event. 
  
 (c) The Company
shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the Government Obligations deposited pursuant to Section 1404 or the principal and interest received in respect thereof other than any such
tax, fee or other charge which by law is for the account of the Holders of such Outstanding Securities and any coupons appertaining thereto. 
  
 (d) Anything in this Article XIV to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon
Company Request any money or Government Obligations (or other property and any proceeds therefrom) held by it as provided in Section 1404 which, in the opinion of a nationally recognized firm of independent public 

  

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accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be
deposited to effect a defeasance or covenant defeasance, as applicable, in accordance with this Article. 
  
 Section 1406. Reinstatement. 
  
 If the Trustee or any Paying Agent is unable to apply any money in accordance with Section 1405 by reason of any order or judgment of any court or
governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations, under this Indenture and such Securities and any related coupons shall be revived and reinstated as though no deposit had
occurred pursuant to Section 1402 or 1403, as the case may be, until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 1405; provided, that, if the Company makes any payment of
principal of (or premium, if any) or interest, if any, on any such Security or any related coupon following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities and any related coupons
to receive such payment from the money held by the Trustee or Paying Agent. 
  
 ARTICLE XV 
  
 MEETINGS OF HOLDERS
OF SECURITIES 
  
 Section 1501. Purposes for Which Meetings May
Be Called. 
  
 If Securities of a series are issuable as
Bearer Securities, a meeting of Holders of Securities of such series may be called at any time and from time to time pursuant to this Article to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be made, given or taken by Holders of Securities of such series. 
  
 Section 1502. Call, Notice and Place of Meetings. 
  
 (a) The Trustee may at any time call a meeting of Holders of Securities of any series for any purpose specified in Section 1501, to
be held at such time and at such place in the Borough of Manhattan, The City of New York or in London as the Trustee shall determine. Notice of every meeting of Holders of Securities of any series, setting forth the time and the place of such
meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in Section 106, not less than 21 nor more than 180 days prior to the date fixed for the meeting. 
  
 (b) In case at any time the Company, pursuant to a Board
Resolution, or the Holders of at least 10% in principal amount of the Outstanding Securities of any series, shall have requested the Trustee to call a meeting of the Holders of Securities of such series for any purpose specified in
Section 1501, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have made the first publication of the notice of such meeting within 21 days after receipt of such
request or shall not thereafter proceed to cause the meeting to be held as provided herein, then the Company or the Holders of Securities of such series in the amount above specified, as the case may be, may determine the 

  

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time and the place in the Borough of Manhattan, The City of New York or in London for such meeting and may call such meeting for such purposes by giving
notice thereof as provided in Subsection (a) of this Section. 
  
 Section 1503. Persons Entitled to Vote at Meetings. 
  
 To be entitled to vote at any meeting of Holders of Securities of any series, a Person shall be (a) a Holder of one or more Outstanding Securities of such series, or (b) a Person appointed by an instrument in writing as proxy for
a Holder or Holders of one or more Outstanding Securities of such series by such Holder or Holders. The only Persons who shall be entitled to be present or to speak at any meeting of Holders of Securities of any series shall be the Persons entitled
to vote at such meeting and their counsel, any representatives of the Trustee and its counsel and any representatives of the Company and its counsel. 
  
 Section 1504. Quorum; Action. 
  
 (a) The Persons entitled to vote a majority in principal amount of the Outstanding Securities of a series shall constitute a quorum for a
meeting of Holders of Securities of such series; provided, that if any action is to be taken at such meeting with respect to a consent or waiver which this Indenture expressly provides may be given by the Holders of not less than a specified
percentage in principal amount of the Outstanding Securities of a series, the Persons entitled to vote such specified percentage in principal amount of the Outstanding Securities of such series shall constitute a quorum. In the absence of a quorum
within 30 minutes of the time appointed for any such meeting, the meeting shall, if convened at the request of Holders of Securities of such series, be dissolved. In any other case the meeting may be adjourned for a period of not less than 10
days as determined by the chairman of the meeting prior to the adjournment of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may be further adjourned for a period of not less than 10 days as determined
by the chairman of the meeting prior to the adjournment of such adjourned meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 1502(a), except that such notice need be given only once not less than
five days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of any adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding Securities of such
series which shall constitute a quorum. 
  
 (b)
Subject to Subsection (a) of this section, at the reconvening of any meeting adjourned for lack of a quorum the Persons entitled to vote 25% in principal amount of the Outstanding Securities at the time shall constitute a quorum for the taking
of any action set forth in the notice of the original meeting. 
  
 (c) Except as limited by the proviso to Section 902, any resolution presented to a meeting or adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted by the affirmative vote of
the Holders of not less than a majority in principal amount of the Outstanding Securities of that series; provided, that except as limited by the proviso to Section 902, any resolution with respect to any request, demand, authorization,
direction, notice, consent, waiver or other action which this Indenture expressly provides may be made, given or taken by the Holders of a specified percentage, which is less than a majority, in 

  

 86 

 
principal amount of the Outstanding Securities of a series may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is
present as aforesaid by the affirmative vote of the Holders of not less than such specified percentage in principal amount of the Outstanding Securities of that series. 
  
 (d) Any resolution passed or decision taken at any meeting of Holders of Securities of any series duly held
in accordance with this Section shall be binding on all the Holders of Securities of such series and the related coupons, whether or not present or represented at the meeting. 
  
 (e) Notwithstanding the foregoing provisions of this Section 1504, if any action is to be taken at a
meeting of Holders of Securities of any series with respect to any request, demand, authorization, direction, notice, consent, waiver or other action that this Indenture expressly provides may be made, given or taken by the Holders of a specified
percentage in principal amount of all Outstanding Securities affected thereby, or of the Holders of such series and one or more additional series: 
  
 (1) there shall be no minimum quorum requirement for such meeting; and 
  
 (2) the principal amount of the Outstanding Securities of such series that vote in favor of such request,
demand, authorization, direction, notice, consent, waiver or other action shall be taken into account in determining whether such request, demand, authorization, direction, notice, consent, waiver or other action has been made, given or taken under
this Indenture. 
  
 Section 1505. Determination of Voting
Rights; Conduct and Adjournment of Meetings. 
  
 (a) Notwithstanding any provisions of this Indenture, the Company may make such reasonable regulations as it may deem advisable for any meeting of Holders of Securities of a series in regard to proof of the holding of Securities of such
series and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the
conduct of the meeting as it shall deem appropriate. Except as otherwise permitted or required by any such regulations, the holding of Securities shall be proved in the manner specified in Section 104 and the appointment of any proxy shall be
proved in the manner specified in Section 104 or by having the signature of the Person executing the proxy witnessed or guaranteed by any trust company, bank or banker authorized by Section 104 to certify to the holding of Bearer
Securities. Such regulations may provide that written instruments appointing proxies, regular on their face, may be presumed valid and genuine without the proof specified in Section 104 or other proof. 
  
 (b) The Company shall, by an instrument in writing appoint a
temporary chairman of the meeting, unless the meeting shall have been called by Holders of Securities as provided in Section 1502(b), in which case the Holders of Securities of the series calling the meeting shall in like manner appoint a
temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a 

  

 87 

 
majority in principal amount of the Outstanding Securities of such series represented at the meeting. 
  
 (c) At any meeting each Holder of a Security of such series
or proxy shall be entitled to one vote for each $1,000 principal amount of the Outstanding Securities of such series held or represented by him; provided, that, no vote shall be cast or counted at any meeting in respect of any Security challenged as
not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote, except as a Holder of a Security of such series or proxy. 
  
 (d) Any meeting of Holders of Securities of any series duly
called pursuant to Section 1502 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting, and the meeting
may be held as so adjourned without further notice. 
  
 Section
1506. Counting Votes and Recording Action of Meetings. 
  
 The vote upon any resolution submitted to any meeting of Holders of Securities of any series shall be by written ballots on which shall be subscribed the signatures of the Holders of Securities of such series or of their representatives by
proxy and the principal amounts and serial numbers of the Outstanding Securities of such series held or represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting
for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in duplicate of all votes cast at the meeting. A record, at least in duplicate, of the proceedings of each meeting of Holders
of Securities of any series shall be prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having
knowledge of the fact, setting forth a copy of the notice of the meeting and showing that said notice was given as provided in Section 1502(a) and, if applicable, Section 1504. Each copy shall be signed and verified by the affidavits of
the permanent chairman and secretary of the meeting and one such copy shall be delivered to the Company and another to the Trustee to be preserved by the Trustee, the former to have attached thereto the ballots voted at the meeting. Any record so
signed and verified shall be conclusive evidence of the matters therein stated. 
  
 ARTICLE XVI 
  
 SUBORDINATION OF
SECURITIES 
  
 Section 1601. Agreement to Subordinate.

  
 Except as otherwise specified pursuant to Section 301,
the Company, for itself, its successors and assigns, covenants and agrees, and each Holder of Securities by his acceptance thereof, likewise covenants and agrees, that the payment of the principal of (and premium, if any) and interest, if any, on
each and all of the Securities is hereby expressly subordinated, to the extent and in the manner hereinafter set forth, in right of payment to the prior payment in full of all Senior Indebtedness. 
  

 88 

 Section 1602. Distribution on Dissolution, Liquidation and Reorganization; Subrogation of
Securities. 
  
 (a) Except as otherwise
specified pursuant to Section 301, upon any distribution of assets of the Company upon any dissolution, winding up, liquidation or reorganization of the Company, whether in bankruptcy, insolvency, reorganization or receivership proceedings or
upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the Company or otherwise (subject to the power of a court of competent jurisdiction to make other equitable provision reflecting the rights
conferred in this Indenture upon the Senior Indebtedness and the holders thereof with respect to the Securities and the holders thereof by a lawful plan of reorganization under applicable bankruptcy law): 
  
 (1) the holders of all Senior Indebtedness shall be entitled
to receive payment in full of the principal thereof (and premium, if any) and interest due thereon before the Holders of the Securities are entitled to receive any payment upon the principal (or premium, if any) or interest, if any, on indebtedness
evidenced by the Securities; 
  
 (2) any payment
or distribution of assets of the Company of any kind or character, whether in cash, property or securities, to which the Holders of the Securities or the Trustee would be entitled except for the provisions of this Article XVI shall be paid by the
liquidating trustee or agent or other person making such payment or distribution, whether a trustee in bankruptcy, a receiver or liquidating trustee or otherwise, directly to the holders of Senior Indebtedness or their representative or
representatives or to the trustee or trustees under any indenture under which any instruments evidencing any of such Senior Indebtedness may have been issued, ratably according to the aggregate amounts remaining unpaid on account of the principal of
(and premium, if any) and interest on the Senior Indebtedness held or represented by each, to the extent necessary to make payment in full of all Senior Indebtedness remaining unpaid, after giving effect to any concurrent payment or distribution to
the holders of such Senior Indebtedness; and 
  
 (3) in the event that, notwithstanding the foregoing, any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities, shall be received by the Trustee or the Holders of the Securities
before all Senior Indebtedness is paid in full, such payment or distribution shall be paid over, upon written notice to the Trustee, to the holder of such Senior Indebtedness or their representative or representatives or to the trustee or trustees
under any indenture under which any instrument evidencing any of such Senior Indebtedness may have been issued, ratably as aforesaid, for application to payment of all Senior Indebtedness remaining unpaid until all such Senior Indebtedness shall
have been paid in full, after giving effect to any concurrent payment or distribution to the holders of such Senior Indebtedness. 
  
 (b) Subject to the payment in full of all Senior Indebtedness, the Holders of the Securities shall be subrogated to the rights of the
holders of Senior Indebtedness to receive payments or distributions of cash, property or securities of the Company applicable to Senior Indebtedness until the principal of (and premium, if any) and interest, if any, on the Securities 

  

 89 

 
shall be paid in full and no such payments or distributions to the Holders of the Securities of cash, property or securities otherwise distributable to the
holders of Senior Indebtedness shall, as between the Company, its creditors other than the holders of Senior Indebtedness, and the Holders of the Securities be deemed to be a payment by the Company to or on account of the Securities. It is
understood that the provisions of this Article XVI are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities, on the one hand, and the holders of the Senior Indebtedness, on the other hand. Nothing
contained in this Article XVI or elsewhere in this Indenture or in the Securities is intended to or shall impair, as between the Company, its creditors other than the holders of Senior Indebtedness, and the Holders of the Securities, the obligation
of the Company, which is unconditional and absolute, to pay to the Holders of the Securities the principal of (and premium, if any) and interest, if any, on the Securities as and when the same shall become due and payable in accordance with their
terms, or to affect the relative rights of the Holders of the Securities and creditors of the Company other than the holders of Senior Indebtedness, nor shall anything herein or in the Securities prevent the Trustee or the Holder of any Security
from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article XVI of the holders of Senior Indebtedness in respect of cash, property or securities of the
Company received upon the exercise of any such remedy. Upon any payment or distribution of assets of the Company referred to in this Article XVI, the Trustee, subject to the provisions of Section 601, shall be entitled to rely upon a
certificate of the liquidating trustee or agent or other person making any distribution to the Trustee for the purpose of ascertaining the Persons entitled to participate in such distribution, the holders of Senior Indebtedness and other
indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article XVI. 
  
 (c) The Trustee, however, shall not be deemed to owe any fiduciary duty to the holders of Senior
Indebtedness. The Trustee shall not be liable to any such holder if it shall pay over or distribute to or on behalf of Holders of Securities or the Company moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of
this Article XVI. 
  
 (d) If the Trustee or
any Holder of Securities does not file a proper claim or proof of debt in the form required in any proceeding referred to above prior to 30 days before the expiration of the time to file such claim in such proceeding, then the holder of any Senior
Indebtedness is hereby authorized, and has the right, to file an appropriate claim or claims for or on behalf of such Holder of Securities. 
  
 Section 1603. No Payment on Securities in Certain Circumstances. 
  
 (a) Except as otherwise specified pursuant to Section 301, 
  
 (1) Upon the maturity of any Senior Indebtedness by lapse of
time, acceleration (unless waived, rescinded or annulled) or otherwise, or upon any payment default (with or without the giving of notice or lapse of time or both, in accordance with the terms of the instrument governing such Senior Indebtedness,
and without any waiver or forgiveness) with respect to any Senior Indebtedness, all amounts payable thereon shall first be paid in full, or such Senior Indebtedness, before any payment is made, directly or indirectly by set off or otherwise, on
account of principal of, or interest on, the 

  

 90 

 
Securities of such series or to acquire any of the Securities of such series or on account of the redemption provisions of the Securities of such series.

  
 (2) Upon a default with respect to any Senior
Indebtedness (other than under circumstances when the terms of clause (1) of this Section are applicable), as such default is defined therein or in the instrument under which it is outstanding, permitting the holders to accelerate the maturity
thereof, upon written notice thereof given to the Company and the Trustee by or on behalf of holders of such Senior Indebtedness (“Default Notice”), then, unless and until such default shall have been cured or waived by the holders of such
Senior Indebtedness or shall have ceased to exist, no direct or indirect payment shall be made by the Company with respect to the principal of, or interest on, the Securities of such series and the coupons, if any, appertaining thereto or to acquire
any of such Securities or on account of the redemption provisions of the Securities of such series and the coupons, if any, appertaining thereto; provided, that this clause (2) shall not prevent the making of any payment (which is not otherwise
prohibited by clause (1) of this Section) for more than 179 days after the Default Notice shall have been given unless the Senior Indebtedness in respect of which such event of default exists has been declared due and payable in its entirety,
in which case no such payment may be made until such acceleration has been rescinded or annulled or such Senior Indebtedness has been paid in full. 
  
 (3) If, notwithstanding the foregoing provisions of this Section, any payment on account of principal of, or interest on, the Securities
of such series or of any coupon appertaining thereto shall be received by the Trustee, by and Holder or by any Paying Agent (or, if the Company is acting as its own Paying Agent, money for any such payment is segregated and held in trust), then,
unless and until such payment is no longer prohibited by this Section, such payment (subject to the provisions of Section 1603) shall be held in trust for the benefit of the holders of Senior Indebtedness and, upon notice to the Trustee or such
Paying Agent from the representative of the holders of the Senior Indebtedness and pursuant to the directions of such representative, shall be paid over or delivered to the holders of Senior Indebtedness or their representative(s), ratably according
to the aggregate amount remaining unpaid on account of the principal of and interest on the Senior Indebtedness held or represented by each, or application to the payment or prepayment of all Senior Indebtedness remaining unpaid to the extent
necessary to pay all Senior Indebtedness in full in accordance with its terms, after giving effect to any concurrent payment or distribution or provision therefor to or for the holders of Senior Indebtedness. Promptly after becoming aware thereof,
the Company shall give written notice to the Trustee of any event prohibiting payments on account of principal of, or interest on, the Securities of any series and any coupons appertaining thereto and, in such event, shall provide to the Trustee, in
the form of an Officers’ Certificate, the names and addresses of the holders of such Senior Indebtedness and their representative(s), if any, the amount of the Senior Indebtedness held by each such holder, any information necessary to calculate
the daily or other increase in Senior Indebtedness held by such holders and any other information which the Trustee may reasonably request to comply with this Article. Subject to the provisions of Section 1602 hereof, in the event that the
Trustee or the Paying Agent reasonably determines that additional evidence is required with respect to any person as a holder of Senior Indebtedness to 

  

 91 

 
participate in any payment or distribution pursuant to this Article, the Trustee or the Paying Agent, as the case may be, may request that such person
furnish evidence to its reasonable as to the extent such person is entitled to participate in such payment or distribution and as to other facts pertinent to the rights of such persons under this Article and if such evidence is not furnished, the
Trustee or the Paying Agent, as the case may be, may defer any payment to such person pending judicial determination as to the right of such person to receive such payment. 
  
 Section 1604. Payments on Securities Permitted. 
  
 (a) Nothing contained in this Indenture or in any of the Securities shall, 
  
 (1) affect the obligation of the Company to make, or prevent
the Company from making, at any time except as provided in Sections 1602 and 1603, payments of principal of (or premium, if any) or interest, if any, on the Securities, or 
  
 (2) prevent the application by the Trustee of any moneys deposited with it hereunder to the payment of or on
account of the principal of (or premium, if any) or interest, if any, on the Securities, unless the Trustee shall have received at its Corporate Trust Office written notice of any event prohibiting the making of such payment more than two Business
Days prior to the date fixed for such payment. 
  
 Section 1605.
Authorization of Holders to Trustee to Effect Subordination. 
  
 Each Holder of Securities by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article XVI and appoints the
Trustee his attorney-in-fact for any and all such purposes. 
  
 Section 1606. Notices to Trustee. 
  
 Notwithstanding the provisions of this Article XVI or any other provisions of this Indenture, neither the Trustee nor any Paying Agent (other than the Company) shall be charged with knowledge of the existence of any Senior Indebtedness or
of any event which would prohibit the making of any payment of moneys to or by the Trustee or such Paying Agent, unless and until the Trustee or such Paying Agent shall have received (in the case of the Trustee, at its Corporate Trust Office)
written notice thereof from the Company or from the holder of any Senior Indebtedness or from the trustee for any such holder, together with proof satisfactory to the Trustee of such holding of Senior Indebtedness or of the authority of such
trustee; provided, that if at least two Business Days prior to the date upon which by the terms hereof any such moneys may become payable for any purpose (including, without limitation, the payment of either the principal (or premium, if any) or
interest, if any, on any Security) the Trustee shall not have received with respect to such moneys the notice provided for in this Section 1606, then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power
and authority to receive such moneys and to apply the same to the purpose for which they were received, and shall not be affected by any notice to the contrary, which may be received by it within two Business Days prior to such date. The Trustee
shall be entitled to rely on the delivery to it of a written notice by a Person representing himself to be a holder of Senior Indebtedness 

  

 92 

 
(or a trustee on behalf of such holder) to establish that such a notice has been given by a holder of Senior Indebtedness or a trustee on behalf of any such
holder. In the event that the Trustee determines in good faith that further evidence is required with respect to the right of any Person as a holder of Senior Indebtedness to participate in any payment or distribution pursuant to this Article XVI,
the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness held by such Person, the extent to which such Person is entitled to participate in such payment or
distribution and any other facts pertinent to the rights of such Person under this Article XVI and, if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to
receive such payment. 
  
 Section 1607. Trustee as Holder of
Senior Indebtedness. 
  
 (a) The Trustee in
its individual capacity shall be entitled to all the rights set forth in this Article XVI in respect of any Senior Indebtedness at any time held by it to the same extent as any other holder of Senior Indebtedness and nothing in Section 613 or
elsewhere in this Indenture shall be construed to deprive the Trustee of any of its rights as such holder. 
  
 (b) Nothing in this Article XVI shall apply to claims of, or payments to, the Trustee under or pursuant to Section 606. 

 
 Section 1608. Modifications of Terms of Senior Indebtedness.

  
 Any renewal or extension of the time of payment of any Senior
Indebtedness or the exercise by the holders of Senior Indebtedness of any of their rights under any instrument creating or evidencing Senior Indebtedness, including, without limitation, the waiver of default thereunder, may be made or done all
without notice to or assent from the Holders of the Securities or the Trustee. No compromise, alteration, amendment, modification, extension, renewal or other change of, or waiver, consent or other action in respect of, any liability or obligation
under or in respect of, or of any of the terms, covenants or conditions of any indenture or other instrument under which any Senior Indebtedness is outstanding or of such Senior Indebtedness, whether or not such release is in accordance with the
provisions of any applicable document, shall in any way alter or affect any of the provisions of this Article XVI or of the Securities relating to the subordination thereof. 
  
 Section 1609. Reliance on Judicial Order or Certificate of Liquidating Agent. 
  
 Upon any payment or distribution of assets of the Company referred to in this
Article XVI, the Trustee and the Holders of the Securities shall be entitled to rely upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization,
dissolution, winding up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, liquidating trustee, custodian, receiver, assignee for the benefit of creditors, agent or other person making such payment or
distribution, delivered to the Trustee or to the Holders of Securities, for the purpose of ascertaining the persons entitled to participate in such payment or distribution, the holders of Senior Indebtedness and other indebtedness of the Company,
the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article XVI. 
  

 93 

 This Indenture may be executed in any number of counterparts, each of which so executed shall be deemed
to be an original, but all such counterparts shall together constitute but one and the same Indenture. 
  
 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and their respective corporate seals to be hereunto affixed and
attested, all as of the day and year first above written. 
  

			
	 MOLINA HEALTHCARE, INC.

		
	 By
	 	 
	 Name:
	 	 
	 Title:
	 	 
	
	 [TRUSTEE],
 as Trustee

	 
		
	 By
	 	 
	 Name:
	 	 
	 Title:
	 	 

  

 94 

  
 EXHIBIT A 
  
 FORMS OF CERTIFICATES 
  

 A-1 

  
 EXHIBIT A-1 
  
 FORM OF CERTIFICATE TO BE GIVEN BY PERSON ENTITLED 
 TO RECEIVE BEARER SECURITY OR TO OBTAIN INTEREST 
 PAYABLE PRIOR TO THE EXCHANGE DATE 
  
 CERTIFICATE

  
 [Insert title or sufficient description of Securities to be
delivered] 
  
 This is to certify that, as of the date hereof, and
except as set forth below, the above-captioned Securities held by you for our account (i) are owned by person(s) that are not citizens or residents of the United States, domestic partnerships, domestic corporations or any estate the income of
which is subject to United States federal income taxation regardless of its source or a trust whose administration is subject to the primary supervision of a United States court and which has one or more United States persons who have the authority
to control all of its decisions (“United States person(s)”), (ii) are owned by United States person(s) that are (a) foreign branches of United States financial institutions (financial institutions, as defined in United States
Treasury Regulations Section 1.165-12(c)(1)(v) are herein referred to as “financial institutions”) purchasing for their own account or for resale, or (b) United States person(s) who acquired the Securities through foreign
branches of United States financial institutions and who hold the Securities through such United States financial institutions on the date hereof (and in either case (a) or (b), each such United States financial institution hereby agrees, on
its own behalf or through its agent, that you may advise Molina Healthcare, Inc. or its agent that such financial institution will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the United States Internal Revenue
Code of 1986, as amended, and the regulations thereunder), or (iii) are owned by United States or foreign financial institution(s) for purposes of resale during the restricted period (as defined in United States Treasury Regulations
Section 1.163-5(c)(2)(i)(D)(7)), and, in addition, if the owner is a United States or foreign financial institution described in clause (iii) above (whether or not also described in clause (i) or (ii)), this is to further certify that
such financial institution has not acquired the Securities for purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions. 
  
 As used herein, “United States” means the United States of America
(including the states and the District of Columbia); and its “possessions” include Puerto Rico, the U. S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands. 
  
 We undertake to advise you promptly by tested telex on or prior to the date
on which you intend to submit your certification relating to the above-captioned Securities held by you for our account in accordance with your Operating Procedures if any applicable statement herein is not correct on such date, and in the absence
of any such notification it may be assumed that this certification applies as of such date. This certificate excepts and does not relate to [U. S.
$]                                 of such interest in the above-captioned
Securities in respect of which we are not able to certify and as to which we understand an exchange for an interest in a Permanent 

  

 A-1-1 

 
Global Security or an exchange for and delivery of definitive Securities (or, if relevant, collection of any interest) cannot be made until we do so certify.

  
 We understand that this certificate may be required in
connection with certain tax legislation in the United States. If administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this
certificate or a copy thereof to any interested party in such proceedings. 
  
 Dated:
                                        

 [To be dated no earlier than the 15th day 
 prior to
(i) the Exchange Date or (ii) the 
 relevant Interest Payment Date occurring 
 prior to the Exchange Date, as applicable] 
 [Name of Person Making Certification] 
  

			
		
	 	 	 
	 	 	(Authorized Signatory)
	 Name:
	 	 
	 Title:
	 	 

  

 A-1-2 

  
 EXHIBIT A-2 
  
 FORM OF CERTIFICATE TO BE GIVEN BY EUROCLEAR AND 
 CLEARSTREAM BANKING SOCIETE ANONYME IN CONNECTION 
 WITH THE EXCHANGE OF A PORTION OF A TEMPORARY GLOBAL 
 SECURITY OR TO OBTAIN INTEREST PAYABLE PRIOR TO THE EXCHANGE DATE 

 
 CERTIFICATE 
  
 [Insert title or sufficient description of Securities to be delivered] 
  
 This is to certify that, based solely on written certifications that we have
received in writing, by tested telex or by electronic transmission from each of the persons appearing in our records as persons entitled to a portion of the principal amount set forth below (our “Member Organizations”) substantially in the
form attached hereto, as of the date hereof,
[U.S.$]                                       
      principal amount of the above-captioned Securities (i) is owned by person(s) that are not citizens or residents of the United States, domestic partnerships, domestic corporations or any estate the income of
which is subject to United States Federal income taxation regardless of its source or a trust whose administration is subject to the primary supervision of a United States court and which has one or more United States persons who have the authority
to control all of its decisions (“United States person(s)”), (ii) is owned by United States person(s) that are (a) foreign branches of United States financial institutions (financial institutions, as defined in U.S. Treasury
Regulations Section 1.165-12(c)(1)(v) are herein referred to as “financial institutions”) purchasing for their own account or for resale, or (b) United States person(s) who acquired the Securities through foreign branches of
United States financial institutions and who hold the Securities through such United States financial institutions on the date hereof (and in either case (a) or (b), each such financial institution has agreed, on its own behalf or through its
agent, that we may advise Molina Healthcare, Inc. or its agent that such financial institution will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended, and the regulations
thereunder), or (iii) is owned by United States or foreign financial institution(s) for purposes of resale during the restricted period (as defined in United States Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and, to the further
effect, that financial institutions described in clause (iii) above (whether or not also described in clause (i) or (ii)) have certified that they have not acquired the Securities for purposes of resale directly or indirectly to a United
States person or to a person within the United States or its possessions. 
  
 As used herein, “United States” means the United States of America (including the states and the District of Columbia); and its “possessions” include Puerto Rico, the U.S. Virgin Islands, Guam,
American Samoa, Wake Island and the Northern Mariana Islands. 
  
 We further certify that (i) we are not making available herewith for exchange (or, if relevant, collection of any interest) any portion of the temporary global Security representing the above-captioned Securities excepted in the
above-referenced certificates of Member Organizations and (ii) as of the date hereof we have not received any notification from any of our Member Organizations to the effect that the statements made by such Member Organizations 

  

 A-2-1 

 
with respect to any portion of the part submitted herewith for exchange (or, if relevant, collection of any interest) are no longer true and cannot be relied
upon as of the date hereof. 
  
 We understand that this
certification is required in connection with certain tax legislation in the United States. If administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize
you to produce this certificate or a copy thereof to any interested party in such proceedings. 
  
 Dated:
                                        

 [To be dated no earlier than the Exchange 
 Date or the
relevant Interest Payment Date 
 occurring prior to the Exchange Date, as 
 applicable] 
  

			
	 [Morgan Guaranty Trust Company of New York,
 Brussels Office,] as Operator of the Euroclear System
 [Clearstream Banking societe anonyme]

		
	 By
	 	 

  

 A-2-2Second Supplemental Indenture

 EXHIBIT 4.1 
  
 EXECUTION COPY 
  
 SONIC AUTOMOTIVE, INC. (A DELAWARE CORPORATION), AS ISSUER,

  
 AND 
  
 U.S. BANK NATIONAL
ASSOCIATION, AS TRUSTEE 
  
 SECOND SUPPLEMENTAL INDENTURE, 
 DATED AS OF NOVEMBER 23, 2005 
 TO THE INDENTURE, DATED AS OF MAY 7, 2002, 
 AMONG THE ISSUER, THE TRUSTEES AND

 THE GUARANTORS SET FORTH THEREIN 
  
 4.25% CONVERTIBLE SENIOR SUBORDINATED NOTES DUE 2015 

 Table of Contents 
  

					
	 	 	 	  	Page

	 ARTICLE ONE DEFINITIONS
	  	2
			
	 SECTION 1.1.
	 	Certain Terms Defined in the Base Indenture.	  	2
			
	 SECTION 1.2.
	 	Definitions.	  	2
		
	 ARTICLE TWO FORM AND TERMS OF THE NOTES
	  	13
			
	 SECTION 2.1.
	 	Form of Face of Note.	  	13
			
	 SECTION 2.2.
	 	Form of Reverse of Note.	  	18
			
	 SECTION 2.3.
	 	Applicability of Provisions Regarding Form of Subsidiary Guarantee.	  	26
			
	 SECTION 2.4.
	 	Applicability of Provisions Regarding Form of Legend for Global Securities.	  	26
			
	 SECTION 2.5.
	 	Applicability of Provisions Regarding Form of Trustee’s Certificate of Authentication.	  	26
			
	 SECTION 2.6.
	 	Execution, Authentication, Delivery and Discharge.	  	26
			
	 SECTION 2.7.
	 	Registration, Registration of Transfer and Exchange.	  	27
			
	 SECTION 2.8.
	 	Satisfaction and Discharge.	  	29
			
	 SECTION 2.9.
	 	Events of Default.	  	30
			
	 SECTION 2.10.
	 	Notice of Default and Merger, Conversion, Consolidation or Succession to Business.	  	38
			
	 SECTION 2.11.
	 	Applicability of Provisions Regarding Appointment of Authenticating Agent.	  	38
			
	 SECTION 2.12.
	 	Consolidation, Merger, Sale or Conveyance.	  	38
			
	 SECTION 2.13.
	 	Supplemental Indentures.	  	39
			
	 SECTION 2.14.
	 	Application of Certain Sections of the Base Indenture Regarding Covenants of the Company.	  	43
			
	 SECTION 2.15.
	 	Provision of Financial Statements.	  	44
			
	 SECTION 2.16.
	 	Statement by Officers as to Default	  	44
			
	 SECTION 2.17.
	 	Redemption and Repurchases of Notes.	  	45
			
	 SECTION 2.18.
	 	Subordination of the Notes.	  	55

  

 i 

 Table of Contents 
  
 (continued) 
  

					
	 	 	 	  	Page

	 SECTION 2.19.
	 	Application of the Article of the Indenture Regarding Subsidiary Guarantee.	  	62
			
	 SECTION 2.20.
	 	Application of the Article of the Indenture Regarding Defeasance and Covenant Defeasance.	  	62
			
	 SECTION 2.21.
	 	Applicability of the Article of the Indenture Regarding Sinking Funds.	  	63
			
	 SECTION 2.22.
	 	Conversion.	  	63
		
	ARTICLE THREE MISCELLANEOUS	  	83
			
	 SECTION 3.1.
	 	Independence of Covenants.	  	83
			
	 SECTION 3.2.
	 	Schedules and Exhibits.	  	84
			
	 SECTION 3.3.
	 	Counterparts.	  	84
			
	 SECTION 3.4.
	 	Ratification.	  	84
			
	 SECTION 3.5.
	 	Construction.	  	84
			
	 SECTION 3.6.
	 	Effectiveness.	  	84

  

 ii 

 SECOND SUPPLEMENTAL INDENTURE 
  
 SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), dated as of November 23, 2005 among
SONIC AUTOMOTIVE, INC., a Delaware corporation (the “Company”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States, as Trustee (the
“Trustee”). 
  
 RECITALS OF THE COMPANY

  
 WHEREAS, the Company, the Trustee and the Guarantors executed
and delivered an Indenture, dated as of May 7, 2002 (the “Base Indenture,” and as supplemented by this Second Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to
time of Securities to be issued in one or more series as provided in the Indenture; 
  
 WHEREAS, the issuance and sale of up to $160,000,000 aggregate principal amount of a new series of the Company’s 4.25% Convertible Senior Subordinated Notes due November 30, 2015 (the
“Notes”) has been authorized by resolutions adopted by the Board of Directors of the Company as of July 20 and July 21, 2005, a unanimous written consent of the Board of Directors dated September 21, 2005 and a
unanimous written consent of a pricing committee of the Board of Directors dated November 15, 2005; 
  
 WHEREAS, the Company desires to issue and sell up to $160,000,000 aggregate principal amount of the Notes on the date hereof; 
  
 WHEREAS, Section 901 of the Base Indenture provides that without the
consent of any Holders, the Company, when authorized by a Board Resolution, the Guarantors, when authorized by their respective Board Resolutions, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental
to the Base Indenture to, among other things, (a) add to the covenants of the Company for the benefit of the Holders of all or any series of Securities, (b) to add additional Events of Default for the benefit of the Holders of all or any
series of Securities, (c) to establish the form or terms of any series of Securities, and (d) to cure any ambiguity, to correct or supplement any provision herein, which may be inconsistent with any other provision in the Base Indenture,
or to make any other provisions with respect to matters or questions arising under the Base Indenture; 
  
 WHEREAS, the Company and the Guarantors desire to (a) add covenants of the Company and additional Events of Default for the benefit of the Holders of
the Notes (except as may be provided in a future supplemental indenture to the Indenture (a “Future Supplemental Indenture”), (b) establish the form and terms of the Notes and (c) provide whether certain Articles of the
Indenture will apply to the Notes (except as may be provided in a Future Supplemental Indenture); and 
  
 WHEREAS, all things necessary to make this Second Supplemental Indenture a valid supplement to the Base Indenture according to its terms and the terms of
the Base Indenture have been done; 

 NOW, THEREFORE, for and in consideration of the premises stated herein and the purchase of the Notes by
the Holders thereof, the parties hereto hereby enter into this Second Supplemental Indenture, for the equal and proportionate benefit of all Holders of the Notes, as follows: 
  
 ARTICLE ONE 
  
 DEFINITIONS 
  
 SECTION 1.1. Certain Terms Defined in the Base Indenture. 
  

Except as may be provided in a Future Supplemental Indenture with respect to the Notes, all capitalized terms used but not defined in this Second
Supplemental Indenture shall have the meanings ascribed to such terms in the Base Indenture, as amended hereby; provided, however, that any term defined in the Base Indenture that is also defined in this Second Supplemental Indenture shall
for all purposes of this Second Supplemental Indenture and all matters relating to the Notes, have the meaning set forth in this Second Supplemental Indenture. 
  

SECTION 1.2. Definitions. 
  
 (a) Except as may be provided in a Future Supplemental Indenture with respect to the Notes, and no other class or series of Securities issued pursuant to
the Indenture, Section 101 of the Indenture shall be amended (i) by adding the following new definitions if such definitions are not contained in the Base Indenture and (ii) if the terms set forth below are found in the Base
Indenture, by replacing the terms and their meanings set forth in the Base Indenture with those set forth below: 
  
 “Affiliate” of any specified person means any other person, directly or indirectly, controlling or controlled by or under direct or
indirect common control with such specified person. For the purposes of this definition, “control” when used with respect to any specified person means the power to direct or cause the direction of the management and policies of such
person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
  
 “Bankruptcy Law” means Title 11 of the United States
Bankruptcy Code, as amended from time to time, or any similar United States federal or state law or foreign law relating to bankruptcy, insolvency, receivership, winding up, liquidation, reorganization or relief of debtors or any amendment to,
succession to or change in any such law. 
  
 “Board of
Directors” means either the board of directors of the Company or any duly authorized committee of such board. 
  
 “Business Day” means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which commercial banks are
authorized or required by law, regulation or executive order to close in The City of New York. 
  

 -2- 

 “Capital Lease Obligation” of any Person means any obligation of such Person and its
Subsidiaries on a Consolidated basis under any capital lease of real or personal property, which in accordance with GAAP, is required to be recorded as a capitalized lease obligation. 
  
 “Capital Stock” for any corporation means any and all shares, interests, rights to purchase, warrants,
options, participations or other equivalents of or interests in (however designated) stock issued by that corporation. 
  
 A “Change of Control” means the occurrence at such time after the original issuance of the Notes of any of the following: 
  
 (a) a “person” or “group” within the meaning of
Section 13(d)(3) of the Exchange Act, other than the Company, any Subsidiary, a Smith Holder(s), or any employee benefit plans of the Company, a Smith Holder(s) or any Subsidiary, files a Schedule TO or any schedule, form or report under the
Exchange Act disclosing that such person or group has become the direct or indirect “beneficial owner,” as defined in Rule 13d-3 under the Exchange Act, of shares of Class A Common Stock representing more than 50% of the voting power
of the Company’s Capital Stock entitled to vote generally in the election of directors; or 
  
 (b) the first day on which a majority of the members of the Board of Directors does not consist of Continuing Directors; or 
  
 (c) the Company’s shareholders approve any plan or proposal for the
Company’s liquidation or dissolution; or 
  
 (d) a
consolidation, merger or binding share exchange, or any conveyance, transfer, sale, lease or other disposition of all or substantially all of the Company’s properties and assets to another person, other than: 
  

	 	(i)	any transaction (A) that does not result in any reclassification, conversion, exchange or cancellation of outstanding shares of the Company’s Capital Stock; and
(B) pursuant to which holders of the Company’s Capital Stock immediately prior to the transaction have the entitlement to exercise, directly or indirectly, 50% or more of the total voting power of all shares of Capital Stock entitled to
vote generally in elections of directors of the continuing or surviving or successor person immediately after giving effect to such issuance; or 

  

	 	(ii)	any merger, share exchange, transfer of assets or similar transaction solely for the purpose of changing the Company’s jurisdiction of incorporation and resulting in a
reclassification, conversion or exchange of outstanding shares of common stock, if at all, solely into shares of common stock, ordinary shares or American Depositary Shares of the surviving entity or a direct or indirect parent of the surviving
corporation; or 

  

 -3- 

	 	(iii)	any consolidation or merger with or into any of the Company’s Subsidiaries, so long as such merger or consolidation is not part of a plan or a series of transactions designed
to or having the effect of merging or consolidating with any other person; or 

  
 (e) the occurrence of any transaction which would be a “going private transaction” with respect to the Class A Common Stock under Rule 13e-3 of the Exchange Act, or any transaction which would cause the
Class A Common Stock to be beneficially owned by 300 or fewer persons. 
  
 “Class A Common Stock” means the Company’s Class A Common Stock, par value $.01 per share, or any successor common stock thereto. 
  
 “close of business” means 5:00 p.m. (New York City time).

  
 “Code” means the Internal Revenue Code of
1986, as amended from time to time. 
  
 “Company”
means Sonic Automotive, Inc., a corporation incorporated under the laws of Delaware, until a successor Person shall have become such pursuant to the applicable provisions hereof, and thereafter “Company” shall mean such Successor Person.
All references to the Company exclude, unless otherwise expressly stated or the context otherwise requires, its Subsidiaries. 
  
 “Company Notice” means a notice to Holders delivered pursuant to Section 1109 or Section 1110. 
  
 “Consolidated Net Income (Loss)” of any Person means, for
any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period on a Consolidated basis as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (or loss), by
excluding, without duplication, (i) all extraordinary gains or losses net of taxes (less all fees and expenses relating thereto), (ii) the portion of net income (or loss) of such Person and its Subsidiaries on a Consolidated basis
allocable to minority interests in unconsolidated Persons or Subsidiaries to the extent that cash dividends or distributions have not actually been received by such Person or one of its Consolidated Subsidiaries, (iii) net income (or loss) of
any Person combined with such Person or any of its Subsidiaries on a “pooling of interests” basis attributable to any period prior to the date of combination, (iv) any gain or loss, net of taxes, realized upon the termination of any
employee pension benefit plan, (v) gains or losses, net of taxes (less all fees and expenses relating thereto), in respect of dispositions of assets other than in the ordinary course of business, (vi) the net income of any Subsidiary to
the extent that the declaration of dividends or similar distributions by that Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree,
order, statute, rule or governmental regulation applicable to that Subsidiary or its stockholders, (vii) any restoration to net income of any contingency reserve, except to the extent provision for such reserve was made out of income accrued at
any time following the Issue Date, or (viii) any net gain arising from the acquisition of any securities or extinguishment, under GAAP, of any Indebtedness of such Person. 
  

 -4- 

 “Consolidation” means, with respect to any Person, the consolidation of the accounts of
such Person and each of its Subsidiaries if and to the extent the accounts of such Person and each of its Subsidiaries would normally be consolidated with those of such Person, all in accordance with GAAP meaning. The term
“Consolidated” shall have a similar meaning. 
  
 “Continuing Directors” means any member of the Board of Directors who (i) was a member of the Board of Directors on the date of original issuance of the Notes; or (ii) was nominated for election to the Board of
Directors with the approval of, or whose election to the Board of Directors was ratified by, at least a majority of the Continuing Directors who were members of the Board of Directors at the time of such nomination or election. 
  
 “Conversion Agent” means any Person (including the Company)
authorized by the Company to receive Notes (and related documentation) upon conversion thereof, and shall initially be the Trustee. 
  
 “Conversion Price” as of any date means $1,000 divided by the Conversion Rate as of such date. 
  
 “Conversion Settlement Date” means (A) with respect to
the Conversion Settlement Distribution (other than any Additional Shares which may be issuable pursuant to Section 1701(c)), the third Business Day immediately following the Cash Settlement Averaging Period, and (B) with respect to any
Additional Shares which may be issuable, the later of (i) the fifth Business Day following the effective date of any Change of Control transaction and (ii) the third Business Day immediately following the Cash Settlement Averaging Period.

  
 “Designated Senior Indebtedness” means
(i) all Senior Indebtedness under the Floor Plan Facilities, the Revolving Facility or the Mortgage Facility and (ii) any other Senior Indebtedness which at the time of determination has an aggregate principal amount outstanding of at
least $25 million and which is specifically designated in the instrument evidencing such Senior Indebtedness or the agreement under which such Senior Indebtedness arises as “Designated Senior Indebtedness” by the Company. 
  
 “Event of Default” has the meaning specified in
Section 501. 
  
 “Ex-Dividend Date” means
the first date upon which a sale of the Class A Common Stock does not automatically transfer the right to receive the relevant distribution from the seller of the common stock, regular way on the relevant exchange or in the relevant market for
the common stock, to its buyer. 
  
 “Family Controlled
Entity” means (i) any not-for-profit corporation if at least 80% of its board of directors is composed of Smith Holders and/or Descendants; (ii) any other corporation if at least 80% of the value of its outstanding equity is owned
directly or indirectly by one or more Smith Holders; (iii) any partnership if at least 80% of the value of the partnership interests is owned directly or indirectly by one or more Smith Holders; (iv) any limited liability or similar
company if at least 80% of the value of the Company is owned directly or indirectly by one or more Smith Holders; and (v) any trusts created for the benefit of any of the persons listed in clauses (i) to (v) of this definition,
including any Smith Holders. 
  

 -5- 

 “Floor Plan Facilities” means an agreement from any bank(s) or asset-based lender(s)
pursuant to which the Company or any of its Subsidiaries incurs Indebtedness all of the net proceeds of which are used to purchase, finance or refinance vehicles and/or vehicle parts and supplies to be sold in the ordinary course of business of the
Company and its Subsidiaries and which may not be secured except by a Lien that does not extend to or cover any property other than the property of the dealership(s), which use the proceeds of the Floor Plan Facilities. 
  
 “Fundamental Change” means either a Change of Control or a
Termination of Trading. 
  
 “Future Supplemental
Indenture” has the meaning assigned to it in the recitals. 
  
 “Generally Accepted Accounting Principles” or “GAAP” means generally accepted accounting principles in the United States, consistently applied, which (i) for the purpose of determining compliance with
the covenants contained in this Second Supplemental Indenture were in effect as of the Issue Date and (ii) for purposes of complying with the reporting requirements contained in this Second Supplemental Indenture are in effect from time to
time. 
  
 “Global Note” means a Note that
evidences all or part of the Notes and bears the legend set forth in Section 2.1 of this Second Supplemental Indenture. 
  
 “Holder” or “Noteholder” means any holder of any Notes. 
  
 “Indebtedness” means, with respect to any Person, without duplication, 
  

	 	(i)	all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services, excluding any trade payables and other accrued current liabilities
arising in the ordinary course of business, but including, without limitation, all obligations, contingent or otherwise, of such Person in connection with any letters of credit issued under letter of credit facilities, acceptance facilities or other
similar facilities, 

  

	 	(ii)	all obligations of such Person evidenced by bonds, notes, or other similar instruments, 

  

	 	(iii)	all indebtedness created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even if the rights and remedies
of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property), but excluding trade payables arising in the ordinary course of business, 

  

 -6- 

	 	(iv)	all obligations of such Person under Interest Rate Agreements, Currency Hedging Agreements or Commodity Price Protection Agreements of such Person, 

  

	 	(v)	all Capital Lease Obligations of such Person, 

  

	 	(vi)	all Indebtedness referred to in clauses (i) through (v) above of other Persons and all dividends of other Persons, the payment of which is secured by (or for which the
holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien, upon or with respect to property, including, without limitation, accounts and contract rights owned by such Person, even though such Person has
not assumed or become liable for the payment of such Indebtedness, 

  

	 	(vii)	all Guaranteed Debt of such Person, 

  

	 	(viii)	all Redeemable Capital Stock issued by such Person valued at the greater of its voluntary or involuntary maximum fixed repurchase price plus accrued and unpaid dividends,

  

	 	(ix)	Preferred Stock of any Subsidiary of the Company, and 

  

	 	(x)	any amendment, supplement, modification, deferral, renewal, extension, refunding or refinancing of any liability of the types referred to in clauses (i) through
(ix) above. 

  
 For purposes hereof, the
“maximum fixed repurchase price” of any Redeemable Capital Stock which does not have a fixed repurchase price shall be calculated in accordance with the terms of such Redeemable Capital Stock as if such Redeemable Capital Stock were
purchased on any date on which Indebtedness shall be required to be determined pursuant to this Indenture, and if such price is based upon, or measured by, the Fair Market Value of such Redeemable Capital Stock, such Fair Market Value to be
determined in good faith by the board of directors of the issuer of such Redeemable Capital Stock. 
  
 “Interest” means interest payable on each Note pursuant to Section 1 of the Notes. 
  
 “Interest Payment Date” means May 31 and
November 30 of each year, commencing May 31, 2006. 
  
 “Interest Record Date” means May 15 and November 15 of each year. 
  
 “Issue Date” means the date hereof. 
  
 “Last Reported Sale Price” means, with respect to the Class A Common Stock or the Capital Stock of any Subsidiary on any date, the
closing sale price per share (or, if no closing sale price is reported, the average of the bid and asked prices or, if more than one in either case, 
  

 -7- 

 the average of the average bid and the average asked prices) on such date as reported for composite transactions by the
principal United States national or regional securities exchange on which the Class A Common Stock or the Capital Stock of such Subsidiary is traded or, if the Class A Common Stock or the Capital Stock of such Subsidiary is not listed on a
United States national or regional securities exchange, as reported by Nasdaq National Market. The last reported sale price will be determined without reference to after-hours or extended market trading. If the Class A Common Stock or the
Capital Stock of such Subsidiary is not listed for trading on a United States national or regional securities exchange and not reported by the Nasdaq National Market on the relevant date, the “Last Reported Sale Price” shall be the last
quoted bid price for the Class A Common Stock or the Capital Stock of such Subsidiary in the over-the-counter market on the relevant date as reported by the National Quotation Bureau or similar organization. If the Class A Common Stock or
the Capital Stock of such Subsidiary is not so quoted, the “Last Reported Sale Price” shall be the average of the midpoint of the last bid and asked prices for the Class A Common Stock or the Capital Stock of such Subsidiary on the
relevant date from each of at least three independent nationally recognized investment banking firms selected by the Company for this purpose. 
  
 “Market Disruption Event” means (i) a failure by the Exchange to open for trading during its regular trading session or
(ii) the occurrence or existence, at any time during the regular trading session (without regard to after hours or any other trading outside of the regular trading session hours), on any trading day for the Class A Common Stock, of any
material suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the stock exchange or otherwise) in the Class A Common Stock or in any options, contracts or future contracts relating to the
Class A Common Stock. 
  
 “Maturity” means,
when used with respect to the Notes, the date on which the principal of the Notes becomes due and payable as therein provided or as provided in this Indenture, whether at Stated Maturity, the purchase date and whether by declaration of acceleration,
conversion, optional or mandatory redemption, required repurchase or otherwise. 
  
 “Mortgage Facility” means the Master Loan Agreement between Toyota Motor Credit Corporation and Sonic Automotive, Inc., dated December 31, 2002, and as such agreement, in whole or in part, may
have been or may be further amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified from time to time, including, without limitation, any successive renewals, extensions, substitutions,
refinancings, restructurings, replacements, supplementations or other modifications of the foregoing. 
  
 “Outstanding Notes” means the Company’s outstanding (a) 8.625% Senior Subordinated Notes due 2013 and (b) 5.25%
Convertible Senior Subordinated Notes due 2009. 
  
 “Pari
Passu Indebtedness” means any Indebtedness of the Company that is pari passu in right of payment to the Notes, including without limitation, the Outstanding Notes. 
  
 “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 including any syndicate or group that would be deemed a “person” under Section 13(d)(3) of the Exchange
Act. 
  

 -8- 

 “Preferred Stock” means, with respect to any Person, any Capital Stock of any class or
classes, however designated, which is preferred as to the payment of dividends or distributions, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over the Capital Stock of any other
class in such Person. 
  
 “Record Date” shall
mean, with respect to any dividend, distribution or other transaction or event in which the holders of the Class A Common Stock have the right to receive any cash, securities or other property or in which the Class A Common Stock (or other
applicable security) is exchanged for or converted into any combination of cash, securities or other property, the date fixed for determination of stockholders entitled to receive such cash, securities or other property (whether such date is fixed
by the Board of Directors or by statute, contract or otherwise). 
  
 “Redeemable Capital Stock” means any Capital Stock that, either by its terms or by the terms of any security into which it is convertible or exchangeable or otherwise, 
  

	 	(1)	is or upon the happening of an event or passage of time would be, required to be redeemed prior to the final Stated Maturity of the principal of the Notes, 

 

	 	(2)	is redeemable at the option of the holder thereof at any time prior to such final Stated Maturity (other than upon a Change in Control of the Company in circumstances where the
holders of the Notes would have similar rights), or 

  

	 	(3)	is convertible into or exchangeable for debt securities at any time prior to any such Stated Maturity at the option of the holder thereof. 

  
 “Redemption Date” means, when used with respect to any Note
to be redeemed pursuant to any provision in this Indenture, the date fixed for such redemption by or pursuant to this Indenture. 
  
 “Revolving Facility” means the Second Amended and Restated Credit Agreement dated as of February 5, 2003 between Sonic Automotive,
Inc. and Ford Motor Credit Company, DaimlerChrysler Services North America, LLC, Toyota Motor Credit Corporation, Bank of America, NA., Merrill Lynch Capital Corporation and JPMorgan Chase Bank, as amended by the First Amendment to Credit Agreement
dated March 26, 2004, and as such agreement, in whole or in part, may have been or may be further amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified from time to time, including,
without limitation, any successive renewals, extensions, substitutions, refinancings, restructurings, replacements, supplementations or other modifications of the foregoing. 
  
 “Senior Indebtedness” means the principal of, premium, if any, and interest (including interest, to the
extent allowable, accruing after the filing of a petition initiating any proceeding under any state, federal or foreign bankruptcy law) on any Indebtedness of the 
  

 -9- 

 Company (other than as otherwise provided in this definition), whether outstanding on the Issue Date or thereafter
created, incurred or assumed, and whether at any time owing, actually or contingent, unless, in the case of any particular Indebtedness, the instrument creating or evidencing the same or pursuant to which the same is outstanding expressly provides
that such Indebtedness shall not be senior in right of payment to the Notes. Notwithstanding the foregoing, “Senior Indebtedness” shall (x) include the Floor Plan Facilities, the Revolving Facility and the Mortgage Facility to the
extent the Company is a party to them and (y) not include: 
  

	 	(i)	Indebtedness evidenced by the Outstanding Notes; 

  

	 	(ii)	Indebtedness that is subordinate or junior in right of payment to any Indebtedness of the Company; 

  

	 	(iii)	Indebtedness, which when incurred and without respect to any election under Section 1111(b) of Title 11 United States Code, is without recourse to the Company;

  

	 	(iv)	Indebtedness which is represented by Redeemable Capital Stock; 

  

	 	(v)	any liability for foreign, federal, state, local or other taxes owed or owing by the Company to the extent such liability constitutes Indebtedness; 

  

	 	(vi)	Indebtedness of the Company to a Subsidiary or any other Affiliate of the Company or any of such Affiliate’s Subsidiaries; 

  

	 	(vii)	to the extent it might constitute Indebtedness, amounts owing for goods, materials or services purchased in the ordinary course of business or consisting of trade accounts payable
owed or owing by the Company, and amounts owed by the Company for compensation to employees or services rendered to the Company; 

  

	 	(viii)	that portion of any Indebtedness, which at the time of issuance is issued in violation of this Indenture; and 

  

	 	(ix)	Indebtedness evidenced by any guarantee of any Subordinated Indebtedness or Pari Passu Indebtedness. 

  
 “Senior Representative” means any agent, indenture trustee or other trustee or representative for any
Senior Indebtedness of the Company. 
  
 “Significant
Subsidiary” means, at any particular time, any Subsidiary that would constitute a “significant subsidiary” within the meaning of Article 1 of Regulation S-X promulgated under the Securities Act as in effect on the date of the
Indenture. 
  
 “Smith Holders” means
(i) Mr. O. Bruton Smith and his guardians, conservators, committees, or attorneys-in-fact; (ii) lineal descendants of Mr. Smith (a “Descendant”) and their respective guardians, conservators, committees or
attorneys-in-fact; and (iii) each Family Controlled Entity. 
  

 -10- 

 “Stated Maturity” means, when used with respect to the Notes, November 30, 2015.

  
 “Stock Price” means the price per share of
the Class A Common Stock paid in connection with a Change of Control transaction pursuant to which Additional Shares are issuable as set forth in Section 1701(c) hereof, which shall be equal to (i) if Holders of the Class A
Common Stock receive only cash in such Change of Control transaction, the cash amount paid per share of the Class A Common Stock and (ii) in all other cases, the average of the Last Reported Sale Prices of the Class A Common Stock on
the five Trading Days prior to, but not including, the effective date of such Change of Control transaction. 
  
 “Subordinated Indebtedness” means Indebtedness of the Company subordinated in right of payment to the Notes. 
  
 “Subsidiary” means any person of which at least a majority
of the outstanding Voting Stock shall at the time directly or indirectly be owned or controlled by the Company or by one or more Subsidiaries or by the Company and one or more Subsidiaries. 
  
 “Termination of Trading” means the occurrence, at any time,
of the Class A Common Stock (or other common stock into which the Notes are then convertible) being neither listed for trading on a U.S. national securities exchange nor quoted on the Nasdaq National Market. 
  
 “Trading Day” means a day during which (i) trading in
the Class A Common Stock generally occurs, (ii) there is no Market Disruption Event and (iii) a last reported sale price for the Class A Common Stock (other than a last reported sale price as referred to in the last sentence of
such definition) is provided on the New York Stock Exchange or, if our Class A Common Stock is not listed on the New York Stock Exchange, on the principal other U.S. national or regional securities exchange on which our Class A Common
Stock is then listed or, if our Class A Common Stock is not listed on a U.S. national or regional securities exchange, on the principal other market on which our Class A Common Stock is then traded (the “Exchange”).

  
 “Trading Price” of the Notes on any date of
determination means the average of the secondary market bid quotations obtained by the trustee for $5.0 million principal amount of the Notes at approximately 3:30 p.m., New York City time, on such determination date from three independent
nationally recognized securities dealers we select; provided that if three such bids cannot reasonably be obtained by the trustee, but two such bids are obtained, then the average of the two bids shall be used, and if only one such bid can
reasonably be obtained by the trustee, that one bid shall be used. If the Trustee cannot reasonably obtain at least one bid for $5.0 million principal amount of the Notes from a nationally recognized securities dealer, then the Trading Price per
$1,000 principal amount of Notes shall be deemed to be less than 103% of the product of the Last Reported Sale Price of the Class A Common Stock and the Conversion Rate. 
  

 -11- 

 “Voting Stock” of a Person means Capital Stock of such Person of the class or classes
pursuant to which the holders thereof have the general voting power under ordinary circumstances to elect at least a majority of the board of directors, managers or trustees of such Person (irrespective of whether or not at the time Capital Stock of
any other class or classes shall have or might have voting power by reason of the happening of any contingency). 
  
 (b) Other definitions used and defined in this Second Supplemental Indenture: 
  

			
	 Term

	  	 Defined in Section
 (of this Second
Supplemental
Indenture)

	 “105% exception”
	  	2.17
	 “Accepted Purchase Shares”
	  	2.22
	 “Acquisition Value”
	  	2.22
	 “Additional Shares”
	  	2.22
	 “Adjustment Event”
	  	2.22
	 “Base Indenture”
	  	Recitals
	 “cash”
	  	2.17
	 “Cash Amount”
	  	2.22
	 “Cash Settlement Averaging Period”
	  	2.22
	 “Company”
	  	Preamble
	 “Consolidated”
	  	definition of
Consolidation
	 “control,” “controlling” and “controlled”
	  	definition of
Affiliate
	 “Conversion Date”
	  	2.22
	 “Conversion Notice”
	  	2.22
	 “Conversion Obligation”
	  	2.22
	 “Conversion Rate”
	  	2.22
	 “Conversion Settlement Distribution”
	  	2.22
	 “Conversion Value”
	  	2.22
	 “Current Dividend Rate”
	  	2.22
	 “Daily VWAP”
	  	2.22
	 “Descendant”
	  	definition of Smith
Holders
	 “Determination Date”
	  	2.22
	 “effective date”
	  	2.22
	 “Exchange”
	  	definition of
Trading Day
	 “Exchange Property”
	  	2.22
	 “Event of Default”
	  	2.9
	 “Ex-Date”
	  	2.22
	 “Fundamental Change Repurchase Date”
	  	2.17
	 “Fundamental Change Repurchase Notice”
	  	2.17
	 “Fundamental Change Repurchase Price”
	  	2.17
	 “herein” and “hereof”
	  	3.5
	 “Indenture”
	  	2.23
	 “Initial Dividend Rate”
	  	2.22
	 “Initial Period”
 “maximum fixed repurchase price”
	  	2.18
definition of
Indebtedness
	 “Market Disruption Event”
	  	2.22
	 “Non-Electing Share”
	  	2.22
	 “Non-Payment Default”
	  	2.18
	 “Note Register”
	  	2.7
	 “Note Registrar”
 “Noteholder”
 “Notes”
	  	2.7
definition of Holder
Recitals
	 “Offer Expiration Time”
	  	2.22
	 “Payment Blockage Period”
	  	2.18
	 “Payment Default”
	  	2.18
	 “Permitted Junior Securities”
	  	2.18
	 “Prospectus Supplement”
	  	2.15
	 “Public Acquirer Change of Control”
	  	2.22
	 “Public Acquirer Common Stock”
	  	2.22
	 “Redemption Price”
	  	2.17
	 “Repurchase Date”
	  	2.17
	 “Repurchase Notice”
	  	2.17
	 “Repurchase Price”
	  	2.17
	 “Second Supplemental Indenture”
	  	Preamble
	 “Spin-Off”
	  	2.22
	 “Successor Person”
	  	2.12
	 “Trustee”
	  	Preamble
	 “Valuation Period”
	  	2.22

  

 -12- 

 ARTICLE TWO 
  
 FORM AND TERMS OF THE NOTES 
  
 SECTION 2.1. Form of Face of Note. 
  
 Except as may be provided in a Future Supplemental Indenture, with respect to the Notes and no other class or series of Securities issued pursuant to the
Indenture, Section 202 of the Base Indenture shall be replaced in its entirety with the following: 
  
 The form of the face of any Notes authenticated and delivered hereunder and of the Trustee’s Certificate of Authentication shall be substantially as
follows: 
  
 [Legend if Note is a Global Note] 
  

 -13- 

 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME
OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY OR A SUCCESSOR DEPOSITARY. TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”) OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE INDENTURE. 
  
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE COMPANY
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT AND ANY SUCH 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. 
  
 THE OBLIGATIONS EVIDENCED
HEREBY ARE SUBORDINATE IN THE MANNER AND TO THE EXTENT SET FORTH IN ARTICLE TWELVE OF THE INDENTURE TO THE OBLIGATIONS (INCLUDING INTEREST) OWED BY THE COMPANY TO ALL SENIOR INDEBTEDNESS; AND EACH HOLDER HEREOF BY ITS ACCEPTANCE HEREOF, SHALL BE
BOUND BY THE PROVISIONS OF THE SUBORDINATION AS SET FORTH IN SAID ARTICLE TWELVE OF THE INDENTURE. 
  

 -14- 

 SONIC AUTOMOTIVE, INC. 
  
 4.25% CONVERTIBLE SENIOR SUBORDINATED NOTE DUE 2015 
  
 CUSIP NO. [            ] 
  

			
	No.         	  	$            

  
 Sonic Automotive,
Inc., a Delaware corporation (herein called the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co. or registered
assigns, the principal sum of $             United States dollars, or such other principal amount (which, when taken together with the principal amounts of all other Notes then
Outstanding, shall not exceed $160,000,000 less the principal amount of Notes redeemed by the Company in accordance with the Indenture) as may be set forth on the Note Register on Appendix A hereto in accordance with the Indenture, on
November 30, 2015, at the office or agency of the Company referred to below. 
  
 Interest Payment Dates: May 31 and November 30 of each year, commencing May 31, 2006. 
  
 Interest Record Date: May 15 and November 15 of each year. 
  
 Reference is hereby made to the further provisions of this Note 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 duly executed by the Trustee referred to on the reverse hereof or by the authenticating agent appointed as provided in the Indenture by manual signature of an
authorized signer, this Note shall not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose. 
  

 -15- 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed by the manual or facsimile
signature of its authorized officers. 
  

			
	Sonic Automotive, Inc.
		
	By:	 	  

	Name:	 	 
	Title:	 	 

  

			
	Attest:	 	  

	Name:	 	 
	Title:	 	 

  

 -16- 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
  
 This is one of the 4.25% Convertible Senior Subordinated Notes due 2015, referred to in the within-mentioned Second
Supplemental Indenture. 
  

			
	U.S. Bank National Association,
	    as Trustee
		
	By:	 	  

	 	 	 
	 	 	Authorized Signer

  
 Dated:    

  

 -17- 

 SECTION 2.2. Form of Reverse of Note. 
  
 Except as may be provided in a Future Supplemental Indenture applicable to
the Notes, the provisions of Section 203 of the Base Indenture are amended (with respect to the Notes only) in its entirety and restated as follows: 
  
 The form of the reverse of the Notes shall be substantially as follows: 
  
 Sonic Automotive, Inc. 
 4.25% Convertible Senior Subordinated Note due 2015 
  
 This Note is one
of a duly authorized issue of Notes of the Company designated as its 4.25% Convertible Senior Subordinated Notes due 2015 (herein called the “Notes”), limited in aggregate principal amount of up to $160,000,000, issued under and
subject to the terms of an indenture, dated as of May 7, 2002, among the Company, the Guarantors (as defined in the Base Indenture), if any (to the extent party thereto), and the U.S. Bank National Association, as trustee (herein called the
“Trustee,” which term includes any successor trustee under the Indenture) (the “Base Indenture,” and as supplemented by a “Second Supplemental Indenture,” dated as of November 23, 2005 between
the Company and the Trustee, the “Indenture”), to which Indenture and all indentures supplemental thereto relating to the Notes reference is hereby made for a statement of the respective rights, limitations of rights, duties,
obligations and immunities thereunder of the Company, the Trustee and the Holders of the Notes, and of the terms upon which the Notes are, and are to be, authenticated and delivered. To the extent permitted by applicable law, in the event of any
inconsistency between the terms of this Note and the terms of the Indenture, the terms of the Indenture shall control. Capitalized terms used but not defined herein have the meanings assigned to them in the Indenture unless otherwise indicated.

  
 1. Interest 
  
 The Notes will initially bear interest on the principal amount thereof at a
rate of 4.25% per year. Interest shall be payable semiannually in arrears on May 31 and November 30 of each year, commencing May 31, 2006, which interest rate shall be increased by 0.50% for all periods beginning after
November 30, 2010. 
  
 Interest shall be payable on each
Interest Payment Date to the person in whose name the Note is registered at the close of business on the preceding Interest Record Date. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months. 
  
 The Company shall pay Interest to the Noteholder of record on the Interest
Record Date even if the Company elects to redeem or Noteholders elect to require the Company to repurchase the Notes on a date that is after an Interest Record Date, but on or prior to the corresponding Interest Payment Date. In that instance, the
Company shall pay accrued and unpaid Interest on the Notes being redeemed to, but not including, the Redemption Date, the Repurchase Date or the Fundamental Change Repurchase Date, as the case may be, to the Noteholder of record on the Interest
Record Date. 
  

 -18- 

 If the principal amount of any Note, or any accrued and unpaid Interest on the Note, is not paid when due
(whether upon acceleration pursuant to Section 502 of the Indenture, upon the date set for payment of the Redemption Price pursuant to the terms of this Note, upon the date set for payment of the Repurchase Price or Fundamental Change
Repurchase Price pursuant to the terms of this Note, upon the Stated Maturity of the Notes or, upon the Interest Payment Dates), then in each such case the overdue amount shall, to the extent permitted by law, bear cash interest at the rate of
1% per annum, compounded semiannually, which interest shall accrue from the date such overdue amount was originally due to the date payment of such amount, including interest thereon, has been made or duly provided for. All such interest shall
be payable in cash on demand, but if not so demanded shall be paid quarterly to the Holders on the last day of each quarter. 
  
 2. Method of Payment 
  
 Except as provided below, the Company shall pay Interest, on (i) the Global Note, to DTC, or its nominee, as the case may be, as the registered owner
thereof, in immediately available funds, (ii) any certificated Note having an aggregate principal amount of $2,000,000 or less, by check mailed to the Holder of such Note and (iii) any certificated Note having an aggregate principal amount
of more than $2,000,000, by wire transfer in immediately available funds if requested by the Holder of any such Note at least five business days prior to the relevant Interest Payment Date. 
  
 At Stated Maturity, the Company shall pay Interest on certificated Notes at
the Company’s office or agency maintained for that purpose, which initially shall be the office of the Trustee located in the Borough of Manhattan, The City of New York. 
  
 Subject to the terms and conditions of the Indenture, the Company shall make payments in cash in respect of Redemption
Prices, Repurchase Prices, Fundamental Change Repurchase Prices and at Stated Maturity to Holders who surrender Notes to a Paying Agent to collect such payments in respect of the Notes. The Company shall pay cash amounts in money of the United
States that at the time of payment is legal tender for payment of public and private debts. However, the Company may make such cash payments by check payable in such money. 
  
 3. Redemption of Notes at the Option of the Company 
  
 No sinking fund is provided for the Notes. The Notes are redeemable for cash at the option of the Company, in whole or in
part, at any time or from time to time on or after November 30, 2010 upon not less than 30 nor more than 60 days’ notice by mail for a redemption price (the “Redemption Price”) equal to 100% of the principal amount of the
Notes to be redeemed plus accrued and unpaid Interest on those Notes up to, but excluding, the Redemption Date. 
  
 If less than all of the Notes are to be redeemed, the Trustee shall select the Notes or portions thereof to be redeemed by lot, on a pro rata basis or by
another method the Trustee considers fair and appropriate. If a portion of a Holder’s Notes is selected for partial redemption and that Holder converts a portion of his Notes, the converted portion will be deemed to be of the portion selected
for redemption. 
  

 -19- 

 In the event of redemption of this Note in accordance with the Indenture in part only, a new Note or
Notes for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. 
  
 The Company may not redeem the Notes if it has failed to pay any Interest on the Notes when due and such failure to pay is continuing. 
  
 4. Purchase by the Company at Option of the Holder 
  
 Subject to the terms and conditions of the Indenture, the Company shall
become obligated to repurchase, at the option of the Holder, all or any portion of the Notes held by such Holder on November 30, 2010 in integral multiples of $1,000 at a Repurchase Price equal to 100% of the principal amount of the Notes to be
redeemed plus accrued and unpaid Interest, if any, on those Notes up to, but excluding, the Repurchase Date. To exercise such right, a Holder shall deliver to the Paying Agent a Repurchase Notice containing the information set forth in the
Indenture, at any time from the opening of business on the date that is 20 Business Days prior to such Repurchase Date until the close of business on the Repurchase Date, and shall deliver the Notes to the Paying Agent as set forth in the Indenture.

  
 At the option of the Holder and subject to the terms and
conditions of the Indenture, the Company shall become obligated to repurchase the Notes held by such Holder after the occurrence of a Fundamental Change for a Fundamental Change Repurchase Price as described in the Indenture. 
  
 Holders have the right to withdraw any Repurchase Notice or Fundamental
Change Repurchase Notice, as the case may be, by delivering to the Paying Agent a written notice of withdrawal in accordance with the provisions of the Indenture. 
  
 If cash sufficient to pay the Repurchase Price or Fundamental Change Repurchase Price, as the case may be, of all Notes or
portions thereof to be purchased as of the Repurchase Date or the Fundamental Change Repurchase Date, as the case may be, is deposited with the Paying Agent, Interest shall cease to accrue on such Notes (or portions thereof) on and following such
Repurchase Date or Fundamental Change Repurchase Date, and the Holder thereof shall have no other rights as such other than the right to receive the Repurchase Price or Fundamental Change Repurchase Price upon surrender of such Note. 
  
 5. Conversion 
  
 Subject to the occurrence of certain events and in compliance with the provisions of the Indenture (including, without
limitation, the conditions to conversion of this Indenture set forth in Section 1701 thereof) or at any time after October 31, 2010, a Holder is entitled, at such Holder’s option, to convert the Holder’s Note (or any portion of
the principal amount thereof that is $1,000 or an integral multiple of $1,000), into cash or a combination of cash and fully paid and nonassessable shares of Class A Common Stock, if any, at the Conversion Rate in effect at the time of
conversion in accordance with the terms of the Indenture. 
  
 The
Company shall notify Holders of any event triggering the right to convert the Notes if required in the Indenture. 
  

 -20- 

 A Note in respect of which a Holder has delivered a Repurchase Notice or Fundamental Change Repurchase
Notice, as the case may be, exercising the option of such Holder to require the Company to purchase such Note, may be converted only if such Repurchase Notice or Fundamental Change Repurchase Notice, as the case may be, is withdrawn in accordance
with the terms of the Indenture. 
  
 The initial Conversion Rate
is 41.4185 shares of Class A Common Stock per $1,000 principal amount, subject to adjustment in certain events described in the Indenture. The Conversion Rate shall not be adjusted for any accrued and unpaid Interest. 
  
 In addition, following certain corporate transactions as set forth in
Section 1701(b) of the Indenture that are effective prior to November 30, 2010, and 10% or more of the consideration for the Class A Common Stock in the corporate transaction consists of consideration other than common stock traded or
scheduled to be traded immediately following such transaction on a U.S. national securities exchange or the Nasdaq National Market, a Holder who elects to convert its Notes in connection with such corporate transaction shall be entitled to receive
Additional Shares of Class A Common Stock upon conversion. Notwithstanding the previous sentence, in the case of a Public Acquirer Change of Control, the Company may, in lieu of increasing the Conversion Rate by Additional Shares, elect to
adjust the Conversion Rate and Conversion Obligation such that from and after the effective date of such Public Acquirer Change of Control, Holders of the Notes shall be entitled to convert their Notes into a number of shares of Public Acquirer
Common Stock, as determined pursuant to Section 1701(d) of the Indenture. 
  
 To surrender a Note for conversion, a Holder must (1) complete and manually sign the Conversion Notice attached hereto (or complete and manually sign a facsimile of such notice) and deliver such notice to the
Conversion Agent, (2) surrender the Note to the Conversion Agent if required, (3) furnish appropriate endorsements and transfer documents, (4) if required by Section 1702(g) of the Indenture, pay Interest and (5) pay any
transfer or similar tax, if required. 
  
 No fractional shares of
Class A Common Stock shall be issued upon conversion of any Note. Instead of any fractional share of Class A Common Stock that would otherwise be issued upon conversion of such Note, the Company shall pay cash in lieu of a fractional share
as provided in the Indenture. 
  
 In the event that the Company
(i) is a party to a consolidation, merger or combination, (ii) reclassifies the Class A Common Stock or (iii) sells or conveys all or substantially all of its property or assets to any Person, and as a result of any such event
the Holders of Class A Common Stock would be entitled to receive Exchange Property for their Class A Common Stock, upon conversion of the Notes after the effective date of such event, the Conversion Obligation and the Conversion Settlement
Distribution shall be based on the applicable Conversion Rate and the Exchange Property, in each case in accordance with the Indenture. 
  
 6. Subordination 
  
 To the extent provided in the Indenture, the Notes are subordinated to Senior Indebtedness, as defined in the Indenture, of the Company. The Company
agrees, and each Noteholder by accepting a Note agrees, to the subordination provisions contained in the Indenture and authorizes the Trustee to give it effect and appoints the Trustee as attorney-in-fact for such purpose. 
  

 -21- 

 7. Paying Agent, Conversion Agent and Registrar 
  
 Initially, the Trustee shall act as Paying Agent, Conversion Agent and Registrar. The Company may appoint and change any
Paying Agent, Conversion Agent or Registrar without notice, other than notice to the Trustee. The Company or any of its Subsidiaries or any of their Affiliates may act as Paying Agent, Conversion Agent or Registrar. 
  
 8. Form, Exchange and Transfer 
  
 The Notes are in fully registered form, without coupons, in denominations of
$1,000 of principal amount and integral multiples of $1,000. A Holder may transfer or exchange Notes in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents
and to pay any taxes and fees required by law or permitted by the Indenture. The Registrar need not transfer or exchange any Notes selected for redemption (except, in the case of a Note to be redeemed in part, the portion of the Note not to be
redeemed) for a period of 15 days before the mailing of a notice of redemption of Notes to be redeemed or any Notes in respect of which a Repurchase Notice or Fundamental Change Repurchase Notice has been given and not withdrawn (except, in the case
of a Note to be purchased in part, the portion of the Note not to be purchased). 
  
 9. Persons Deemed Owners 
  
 The registered
Holder of this Note may be treated as the owner of this Note for all purposes. 
  
 10. Amendment; Waiver 
  
 Subject to certain
exceptions set forth in the Indenture, (i) the Indenture or the Notes may be amended with the written consent of the Holders of at least a majority in aggregate principal amount of the outstanding Notes and (ii) certain Events of Defaults
may be waived with the written consent of the Holders of a majority in aggregate principal amount of the outstanding Notes. The Company and the Trustee may also amend the Indenture or the Notes without the consent of any Noteholder for certain items
specified in the Indenture. 
  
 Certificated Notes shall be
transferred to all beneficial holders in exchange for their beneficial interests in the Global Note, if any, if (x) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary or if it ceases to be a clearing
agency registered under the Exchange Act and a successor Depositary is not appointed by the Company within 90 days, (y) the Company decides to discontinue use of the system of book-entry transfer through the Depositary (or any successor
depositary) or (z) there shall have occurred and be continuing an Event of Default and the Note Registrar has received a request from the Depositary. Upon any such issuance, the Trustee is required to register such certificated Notes in the
name of, and cause the same to be delivered to, such Person or Persons (or the nominee of any thereof). 
  

 -22- 

 Notes in certificated form are issuable only in registered form without coupons in denominations of
$1,000 and any integral multiple thereof. As provided in the Indenture and subject to certain limitations therein set forth, the Notes are exchangeable for a like aggregate principal amount of Notes of a differing authorized denomination, as
requested by the Holder surrendering the same. 
  
 No service
charge shall be made for any registration of transfer or exchange of Notes, 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 Note 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 Note is registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither the Company, the Trustee nor any such
agent shall be affected by notice to the contrary. 
  
 11. Defaults and
Remedies 
  
 If any Event of Default with respect to the
Notes shall occur and be continuing, the principal amount of the Notes and any accrued and unpaid Interest, on all the Notes may be declared due and payable in the manner and with the effect provided in the Indenture. 
  
 12. Trustee Dealings with the Company 
  
 Subject to certain limitations imposed by the Trust Indenture Act, the
Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of the Notes and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the
Company or its Affiliates with the same rights it would have if it were not Trustee. 
  
 13. Calculations in Respect of Notes 
  
 The
Company or its agents shall be responsible for making all calculations called for under the Notes including, but not limited to, determinations of the market prices for the Notes and of the Class A Common Stock and the amounts of Interest
accrued on the Notes. The Company shall make all calculations in good faith and using commercially reasonable standards, and absent manifest error, such calculations will be final and binding on Holders of the Notes. The Company or its agents shall
be required to deliver to the Trustee and the Conversion Agent a schedule of its calculations and each of the Trustee and the Conversion Agent shall be entitled to conclusively rely upon the accuracy of such calculations without independent
verification. The Trustee will forward such calculations to any Holder upon the request of such Holder. 
  
 14. No Recourse Against Others 
  
 A director, officer, employee or shareholder, as such, of the Company shall not have any liability for any obligations of the Company under the Notes or the Indenture or for any claim based on, in respect of or by reason of such obligations
or their creation. By accepting a Note, each Noteholder waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Notes. 
  

 -23- 

 15. Authentication 
  
 This Note shall not be valid until an authorized signatory of the Trustee manually signs the Trustee’s Certificate of Authentication on the other
side of this Note. 
  
 16. Copy of Indenture 
  
 The Company shall furnish to any Noteholder upon written request and without
charge a copy of the Indenture, which has in it the text of this Note in larger type. Requests may be made to: 
  
 Sonic Automotive, Inc. 
 6415 Idlewild Road,
Suite 109 
 Charlotte, North Carolina 28212 
 Attn: General Counsel 
  
 THE
LAWS OF THE STATE OF NEW YORK SHALL GOVERN THE INDENTURE AND THIS NOTE. 
  

 -24- 

 CONVERSION NOTICE 
  

To convert this Note into Class A Common Stock of the Company, check the box: 
  
 [            ]

  
 To convert only part of this Note, state the principal amount to be converted
(which must be $1,000 or an integral multiple of $1,000): 
  
 $                     
  

If you want the stock certificate made out in another person’s name, fill in the form below: 
  

 (Insert
other person’s soc. sec. or tax ID no.) 
  
  

  

  

  

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

  

							
	 Date:
	 	  

	 	 Your Signature:
	 	  

  
  

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

 -25- 

 SECTION 2.3. Applicability of Provisions Regarding Form of Subsidiary Guarantee. 
  
 Except as may be provided in a Future Supplemental Indenture, with respect
to the Notes and no other class or series of Securities issued pursuant to the Indenture, Section 204 of the Base Indenture shall not apply. 
  
 SECTION 2.4. Applicability of Provisions Regarding Form of Legend for Global Securities. 
  
 Except as may be provided in a Future Supplemental Indenture, with respect
to the Notes and no other class or series of Securities issued pursuant to the Indenture, Section 205 of the Base Indenture, shall not apply. 
  
 SECTION 2.5. Applicability of Provisions Regarding Form of Trustee’s Certificate of Authentication. 
  
 Except as may be provided by a Future Supplemental Indenture, for the sole
benefit of the Holders of the Notes, Section 206 of the Base Indenture, shall not apply to the Notes. 
  
 SECTION 2.6. Execution, Authentication, Delivery and Discharge. 
  
 Except as may be provided in a Future Supplemental Indenture, with respect to the Notes and no other class or series of
Securities issued pursuant to the Indenture, Section 303 of the Base Indenture shall be replaced in its entirety with the following: 
  
 Section 303. Execution, Authentication, Delivery and Discharge. 
  
 The Notes shall be executed on behalf of the Company by one of its Chairman of the Board, its President, its Chief Executive
Officer, its Chief Financial Officer or one of its Vice Presidents attested by its Secretary or one of its Assistant Secretaries. The signatures of any of these officers on the Notes may be manual or facsimile. 
  
 Notes bearing the manual or facsimile signatures of individuals who were at
any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices at the date
of such Notes. 
  
 At any time and from time to time after the
execution and delivery of this Indenture, the Company may deliver Notes executed by the Company to the Trustee (with or without Guarantees, if applicable, endorsed thereon) for authentication, together with a Company Order for the authentication and
delivery of such Notes; and the Trustee in accordance with such Company Order shall authenticate and make available for delivery such Notes as provided in this Indenture and not otherwise. 
  
 Each Note shall be dated the date of its authentication. 
  

 -26- 

 No Note endorsed thereon shall be entitled to any benefit under this Indenture or be valid or obligatory
for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein duly executed by the Trustee by manual signature of an authorized officer, and such certificate upon any Note shall be
conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture. 
  
 In case the Company, pursuant to Article Eight, shall, in a single transaction or through a series of related transactions,
be consolidated or merged with or into any other Person or shall sell, assign, convey, transfer, lease or otherwise dispose of all or substantially all of its properties and assets to any Person, and the successor Person resulting from such
consolidation or surviving such merger, or into which the Company shall have been merged, or the successor Person which shall have participated in the sale, assignment, conveyance, transfer, lease or other disposition as aforesaid, shall have
executed an indenture supplemental hereto with the Trustee pursuant to Article Eight, any of the Notes authenticated or delivered prior to such consolidation, merger, sale, assignment, conveyance, transfer, lease or other disposition may, from time
to time, at the request of the successor Person, be exchanged for other Notes executed in the name of the successor Person with such changes in phraseology and form as may be appropriate, but otherwise in substance of like tenor as the Notes
surrendered for such exchange and of like principal amount; and the Trustee, upon Company Request of the successor Person, shall authenticate and deliver Notes as specified in such request for the purpose of such exchange. If Notes shall at any time
be authenticated and delivered in any new name of a successor Person pursuant to this Section 303 in exchange or substitution for or upon registration of transfer of any Notes, such successor Person, at the option of the Holders but without
expense to them, shall provide for the exchange of all Notes at the time Outstanding for Notes authenticated and delivered in such new name. 
  
 The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Notes on behalf of the Trustee. Unless limited by the terms of
such appointment, an authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as
any Note Registrar or Paying Agent to deal with the Company and its Affiliates. 
  
 If an officer whose signature is on a Note no longer holds that office at the time the Trustee authenticates such Note such Note shall be valid nevertheless. 
  
 SECTION 2.7. Registration, Registration of Transfer and Exchange.

  
 Except as may be provided in a Future Supplemental Indenture,
with respect to the Notes and no other class or series of Securities issued pursuant to the Indenture, Section 305 of the Base Indenture shall be replaced in its entirety with the following: 
  
 Section 305. Registration, Registration of Transfer and Exchange.

  
 The Company shall cause the Trustee to keep, so long as it is
the Note Registrar, at the Corporate Trust Office of the Trustee, or such other office as the Trustee may designate, a 
  

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 register (the register maintained in such office or in any other office or agency designated pursuant to
Section 1002 being herein sometimes referred to as the “Note Register”) in which, subject to such reasonable regulations as the Note Registrar may prescribe, the Company shall provide for the registration of Notes and of
transfers of Notes. The Trustee shall initially be the “Note Registrar” for the purpose of registering Notes and transfers of Notes as herein provided. The Company may change the Note Registrar or appoint one or more co-Note
Registrars without notice. 
  
 Upon surrender for registration of
transfer of any Note at the office or agency of the Company designated pursuant to Section 1002, the Company shall execute, and the Trustee shall (in accordance with a Company Order for the authentication of such Notes) authenticate and make
available for delivery, in the name of the designated transferee or transferees, one or more new Notes of the same series of any authorized denomination or denominations, of a like aggregate principal amount. 
  
 Furthermore, any Holder of the Global Note shall, by acceptance of such
Global Note, agree that transfers of beneficial interests in such Global Note may be effected only through a book-entry system maintained by the Holder of such Global Note (or its agent), and that ownership of a beneficial interest in a Note shall
be required to be reflected in a book entry. 
  
 At the option of
the Holder, Notes may be exchanged for other Notes of any authorized denomination or denominations, of a like tenor and aggregate principal amount, upon surrender of the Notes to be exchanged at such office or agency. Whenever any Notes are so
surrendered for exchange, the Company shall execute, and the Trustee shall (in accordance with a Company Order for the authentication of such Notes) authenticate and make available for delivery, Notes of the same series, which the Holder making the
exchange is entitled to receive. 
  
 All Notes issued upon any
registration of transfer or exchange of Notes shall be the valid obligations of the Company, evidencing the same Indebtedness, and entitled to the same benefits under this Indenture, as the Notes surrendered upon such registration of transfer or
exchange. 
  
 Every Note presented or surrendered for registration
of transfer, or for exchange, purchase by the Company, conversion or redemption, shall (if so required by the Company or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the
Note Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing. 
  
 No service charge shall be made to a Holder for any registration of transfer, exchange or redemption of Notes, except for any tax or other governmental
charge that may be imposed in connection therewith, other than exchanges pursuant to Sections 303, 304, 305, 306, 906, 1110 or 1113 not involving any transfer. 
  

The Company shall not be required to make, and the Note Registrar need not register, transfers or exchanges of Notes selected for redemption (except,
in the case of Notes to be redeemed in part, the portion thereof not to be redeemed) or any Notes in respect of which a Repurchase Notice or Fundamental Change Repurchase Notice has been given and not 
  

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 withdrawn by the Holder thereof in accordance with the terms of this Indenture (except, in the case of Notes to be
purchased in part, the portion thereof not to be purchased) or any Notes for a period of 15 days before the mailing of a notice of redemption of Notes to be redeemed. 
  
 Certificated Notes shall be transferred to all beneficial holders in exchange for their beneficial interests in the Global
Note, if any, if (x) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary or if it ceases to be a clearing agency registered under the Exchange Act and a successor Depositary is not appointed by the
Company within 90 days, (y) the Company decides to discontinue use of the system of book-entry transfer through the Depositary (or any successor depositary) or (z) there shall have occurred and be continuing an Event of Default and the
Note Registrar has received a request from the Depositary. Upon any such issuance, the Trustee is required to register such certificated Notes in the name of, and cause the same to be delivered to, such Person or Persons (or the nominee of any
thereof). 
  
 No Note Registrar shall be required to make
registrations of transfer or exchange of Notes during any periods designated in the text of the Notes or in this Indenture as periods during which such registration of transfers and exchanges need not be made. 
  
 Every Note shall be subject to the restrictions set forth in this
Section 305, and the Holder of each Note, by such Holder’s acceptance thereof (or interest therein), agrees to be bound by such restrictions on transfer. 
  
 Except as provided in the preceding paragraph, any Note authenticated and delivered upon registration of transfer of, or in
exchange for, or in lieu of, any Global Note, whether pursuant to this Section 305, Section 304, 308, 906, 1110 or 1113 or otherwise, shall also be a Global Note and bear the legend specified in Section 202. 
  
 SECTION 2.8. Satisfaction and Discharge. 
  
 Except as may be provided in a Future Supplemental Indenture, with respect
to the Notes and no other class or series of Securities issued pursuant to the Indenture, Article Four of the Base Indenture shall be replaced in its entirety with the following: 
  
 ARTICLE FOUR 
  
 SATISFACTION AND DISCHARGE 
  
 Section 401. Satisfaction and Discharge of Indenture. 
  
 When (i) the Company delivers to the Trustee all Notes then Outstanding (other than Notes replaced pursuant to
Section 306) for cancellation or (ii) all Notes then Outstanding have become due and payable and the Company irrevocably deposits with the Trustee, the Paying Agent (if the Paying Agent is not the Company or any of its Affiliates) or the
Conversion Agent cash or, if expressly permitted by the terms of the Notes or the Indenture, Class A Common Stock sufficient to pay all amounts due and owing on all Notes then Outstanding (other than Notes replaced pursuant to
Section 306), and if in either case the Company pays all other sums payable hereunder by the Company, then this Indenture shall, subject to Section 607, cease 
  

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 to be of further effect. The Trustee shall join in the execution of a document prepared by the Company acknowledging
satisfaction and discharge of this Indenture on demand of the Company accompanied by an Officers’ Certificate and Opinion of Counsel and at the cost and expense of the Company. 
  
 Section 402. Repayment to the Company. 
  
 The Trustee and the Paying Agent shall return to the Company upon written request any money or securities held by them for
the payment of any amount with respect to the Notes that remains unclaimed for two years, subject to applicable unclaimed property law. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as
general creditors unless an applicable abandoned property law designates another person and the Trustee and the Paying Agent shall have no further liability to the Holders with respect to such money or securities for that period commencing after the
return thereof. 
  
 SECTION 2.9. Events of Default.

  
 Except as may be provided in a Future Supplemental Indenture,
with respect to the Notes and no other class or series of Securities issued pursuant to the Indenture, Article Five of the Base Indenture shall be replaced in its entirety with the following: 
  
 ARTICLE FIVE 
  
 REMEDIES 
  
 Section 501. Events of Default. 
  
 “Event of Default,” wherever used herein, means any one of the following events (whatever the reason for such Event of Default and
whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 
  
 (a) there shall be a default in the payment of any interest on any Note when
it becomes due and payable, and such default shall continue for a period of 30 days (whether or not prohibited by the subordination provisions of this Indenture); 
  
 (b) there shall be a default in the payment of the principal of (or premium, if any) on any Note at its Maturity (upon
acceleration, conversion, optional or mandatory redemption, if any, required repurchase or otherwise, whether or not prohibited by the subordination provisions of this Indenture); 
  
 (c) there shall be a default in the Company’s obligation to exchange the Notes for cash or a combination of cash and
common stock, as applicable, upon exercise of a Holder’s conversion right and such default continues for a period of ten calendar days; 
  
 (d) (i) there shall be a default in the performance, or breach, of any other covenant or agreement of the Company under this Indenture (other than a
default in the performance, or breach, of a covenant or agreement, which is specifically dealt with in clause 
  

 -30- 

 (a), (b) or in clause (ii), (iii) or (iv) of this clause (d)) and such default or breach shall continue
for a period of 60 days after written notice has been given by certified mail, (x) to the Company by the Trustee or (y) to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the Notes then
Outstanding; (ii) there shall be a default in the performance or breach of the provisions of Article Eight; (iii) the Company shall have failed to repurchase any Notes required to be repurchased upon a Fundamental Change in accordance with
the provisions of Section 1110; (iv) the Company shall have failed to provide notice of the occurrence of a Fundamental Change as required by Section 1109; or (v) there shall have been a default by the Company in the performance
of its obligations, including delivery of the settlement amount upon conversion of the Notes under Article Seventeen hereof; 
  
 (e) one or more defaults, individually or in the aggregate, shall have occurred under any of the agreements, indentures or instruments under which the
Company or any of its Subsidiaries then has outstanding Indebtedness in excess of $35 million in principal amount, individually or in the aggregate, and either (i) such default results from the failure to pay such Indebtedness at its stated
final maturity or (ii) such default or defaults resulted in the acceleration of the maturity of such Indebtedness, unless such failure is cured or waived or such acceleration is rescinded, stayed or annulled within 30 days after written notice
to the Company from the Trustee or to the Company and the Trustee from the Holders of at least 25% in principal amount of the Outstanding Notes has been received by the Company; 
  
 (f) one or more final judgments, orders or decrees (not subject to appeal) of any court or regulatory or administrative
agency for the payment of money in excess of $35 million, either individually or in the aggregate (exclusive of any portion of any such payment covered by insurance, if and to the extent the insurer has acknowledged in writing its liability
therefor), shall be rendered against the Company or any of its Significant Subsidiaries or any of their respective properties and shall not be discharged or fully bonded and there shall have been a period of 60 consecutive days during which a stay
of enforcement of such judgment or order, by reason of an appeal or otherwise, shall not be in effect; 
  
 (g) any holder or holders of at least $35 million in aggregate principal amount of Indebtedness of the Company or any Subsidiary of the Company after a
default under such Indebtedness shall notify the Trustee of the intended sale or disposition of any assets of the Company or any Subsidiary of the Company that have been pledged to or for the benefit of such holder or holders to secure such
Indebtedness or shall commence proceedings, or take any action (including by way of setoff), to retain in satisfaction of such Indebtedness or to collect on, seize, dispose of or apply in satisfaction of Indebtedness, assets of the Company or any of
its Subsidiaries (including funds on deposit or held pursuant to lockbox and other similar arrangements), unless such default is cured, rescinded or waived within 10 days after written notice to the Company from the Trustee or the Holders of at
least 25% in principal amount of the then Outstanding Notes has been received by the Company, and which default (a) results from the failure to pay such Indebtedness at its stated final Maturity or (b) resulted in the acceleration of the
Maturity of such Indebtedness; 
  
 (h) there shall have been the
entry by a court of competent jurisdiction of (i) a decree or order for relief in respect of the Company or any of its Significant Subsidiaries in an involuntary case or proceeding under any applicable Bankruptcy Law or (ii) a decree or
order 
  

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 (1) adjudging the Company or any of its Significant Subsidiaries bankrupt or insolvent; (2) seeking
reorganization, arrangement, adjustment of or composition of or in respect of the Company or any of its Significant Subsidiaries under any applicable federal or state law; (3) appointing a custodian, receiver, liquidator, assignee, trustee,
sequestrator (or other similar official) of the Company or any of its Significant Subsidiaries or of any substantial part of their respective properties; or (4) ordering the winding up or liquidation of their respective affairs, and any such
decree or order for relief shall continue to be in effect, or any such other decree or order shall be unstayed and in effect, for a period of 60 consecutive days; or 
  
 (i) (i) the Company or any of its Significant Subsidiaries commences a voluntary case or proceeding under any
applicable Bankruptcy Law or any other case or proceeding to be adjudicated bankrupt or insolvent, (ii) the Company or any of its Significant Subsidiaries consents to the entry of a decree or order for relief in respect of the Company or such
Significant Subsidiary in an involuntary case or proceeding under any applicable Bankruptcy Law or to the commencement of any bankruptcy or insolvency case or proceeding against it, (iii) the Company or any of its Significant Subsidiaries files
a petition or answer or consent seeking reorganization or relief under any applicable federal or state law, (iv) the Company or any of its Significant Subsidiaries (1) consents to the filing of such petition or the appointment of, or
taking possession by, a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or such Significant Subsidiary or of any substantial part of their respective properties, (2) makes an assignment for
the benefit of creditors or (3) admits in writing its inability to pay its debts generally as they become due or (v) the Company or any of its Significant Subsidiaries takes any corporate action in furtherance of any such actions
delineated in this paragraph (i). 
  
 Section 502.
Acceleration of Maturity; Rescission and Annulment. 
  
 If
an Event of Default (other than an Event of Default specified in Sections 501(h) and (i)) shall occur and be continuing with respect to this Indenture, the Trustee or the Holders of not less than 25% in aggregate principal amount of the Notes then
Outstanding may, and the Trustee at the request of such Holders shall, declare all unpaid principal of, premium, if any, and accrued and unpaid interest on all Notes to be due and payable immediately, by a notice in writing to the Company (and to
the Trustee if given by the Holders of the Notes). Upon any such declaration, such principal, premium, if any, and accrued and unpaid interest shall become due and payable immediately. If an Event of Default specified in clause (h) or
(i) of Section 501 occurs and is continuing, then all the Notes shall ipso facto become and be due and payable immediately in an amount equal to the principal amount of the Notes, together with accrued and unpaid interest, if any,
to the date the Notes become due and payable, without any declaration or other act on the part of the Trustee or any Holder. Thereupon, the Trustee may, at its discretion, proceed to protect and enforce the rights of the Holders of the Notes by
appropriate judicial proceedings. 
  

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 After a declaration of acceleration with respect to the Notes, but before a judgment or decree for
payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in aggregate principal amount of the Notes then Outstanding, by written notice to the Company and the Trustee, may rescind
and annul such declaration and its consequences if: 
  
 (a) the
Company has paid or deposited with the Trustee a sum sufficient to pay 
  

	 	(i)	all sums paid or advanced by the Trustee under this Indenture and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel,

  

	 	(ii)	all overdue interest on all the Notes then Outstanding, 

  

	 	(iii)	the principal of and premium, if any, on any Notes then Outstanding which have become due otherwise than by such declaration of acceleration and interest thereon at the rate borne
by the Notes, and 

  

	 	(iv)	to the extent that payment of such interest is lawful, interest upon overdue interest at the rate borne by the Notes; 

  
 (b) the rescission would not conflict with any judgment or decree of a court
of competent jurisdiction; and 
  
 (c) all Events of Default,
other than the nonpayment of principal of, premium, if any, and interest on the Notes, which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 513. No such rescission shall affect any
subsequent Default or impair any right consequent thereon. 
  
 Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee. 
  
 The Company covenants that if: 
  
 (a) default is made in the payment of any interest on any Note when such interest becomes due and payable and such default continues for a period of 30
days, or 
  
 (b) default is made in the payment of the principal
of, or premium, if any, on any Note at the Stated Maturity thereof or otherwise, 
  
 the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Notes, the whole amount then due and payable on such Notes for principal and premium, if any, and interest, with interest upon the overdue
principal and premium, if any, and, to the extent that payment of such interest shall be legally enforceable, upon overdue installments of interest, at the rate borne by the Notes; and, in addition thereto, such further amount as shall be sufficient
to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 
  
 If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an
express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid and may prosecute such proceeding to judgment or final decree, and may enforce the same against the Company or any other obligor upon the Notes and
collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon the Notes, wherever situated. 
  

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 If an Event of Default occurs and is continuing, the Trustee may in its discretion proceed to protect and
enforce its rights and the rights of the Holders under this Indenture by such appropriate private or judicial proceedings as the Trustee shall deem most effectual to protect and enforce such rights, whether for the specific enforcement of any
covenant or agreement in this Indenture or in aid of the exercise of any power granted herein or therein, or to enforce any other proper remedy, subject however to Section 512. No recovery of any such judgment upon any property of the Company
shall affect or impair any rights, powers or remedies of the Trustee or the Holders. 
  
 Section 504. Trustee May File Proofs of Claim. 
  
 In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the
Notes or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Notes shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of
whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise, 
  
 (a) to file and prove a claim for the whole amount of principal of, premium,
if any, and interest owing and unpaid in respect of the Notes and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and 
  
 (b) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; 
  
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or similar official
in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay the Trustee any amount due it
for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607. 
  
 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of
any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
  
 Section 505. Trustee May Enforce Claims without Possession of
Notes. 
  
 All rights of action and claims under this
Indenture or the Notes may be prosecuted and enforced by the Trustee without the possession of any of the Notes or the 
  

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 production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought
in its own name and as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable
benefit of the Holders of the Notes in respect of which such judgment has been recovered. 
  
 Section 506. Application of Money Collected. 
  
 Any money collected by the Trustee pursuant to this Article or otherwise on behalf of the Holders or the Trustee pursuant to this Article or through any proceeding or any arrangement or restructuring in anticipation
or in lieu of any proceeding contemplated by this Article shall be applied, subject to applicable law, in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal, premium,
if any, or interest, upon presentation of the Notes and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 
  
 FIRST: To the payment of all amounts due the Trustee under Section 607; 
  
 SECOND: Subject to Article Twelve, the payment of the amounts then due and unpaid upon the Notes for principal, premium, if
any, and interest, in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Notes for principal, premium, if any, and
interest; and 
  
 THIRD: The balance, if any, to the Person or
Persons entitled thereto, including the Company; provided that all sums due and owing to the Holders and the Trustee have been paid in full as required by this Indenture. 
  
 Section 507. Limitation on Suits. 
  
 No Holder of any Notes shall have any right to institute any proceeding, judicial or otherwise, with respect to the Notes or
this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 
  
 (a) the Holders of not less than 25% in aggregate principal amount of the Notes then Outstanding shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 
  
 (b) such Holder or Holders have offered to the Trustee a reasonable indemnity against the costs, expenses and liabilities to be incurred in compliance
with such request; 
  
 (c) the Trustee for 15 days after its
receipt of such notice, request and offer (and if requested, provision) of indemnity has failed to institute any such proceeding; and 
  
 (d) no direction inconsistent with such written request has been given to the Trustee during such 15-day period by the Holders of a majority in principal
amount of the Notes then Outstanding; 
  

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 it being understood and intended that no one or more Holders shall have any right in any manner whatever by virtue of, or
by availing of, any provision of this Indenture or any Note to affect, disturb or prejudice the rights of any other Holders, or to obtain or to seek to obtain priority or preference over any other Holders or to enforce any right under this Indenture
or any Note, except in the manner provided in this Indenture and for the equal and ratable benefit of all the Holders. 
  
 Section 508. Unconditional Right of Holders to Receive Principal, Premium and Interest. 
  
 Notwithstanding any other provision in this Indenture, the Holder of any
Note shall have the right based on the terms stated herein, which is absolute and unconditional, to receive payment of the principal of, premium, if any, and (subject to Section 307) interest on such Note on the respective Stated Maturities
expressed in such Note (or, in the case of redemption or repurchase, on the Redemption Date or the repurchase date) and to institute suit for the enforcement of any such payment on or after the due date of such payment, and such rights shall not be
impaired without the consent of such Holder. 
  
 Section 509.
Restoration of Rights and Remedies. 
  
 If the Trustee or
any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every
such case the Company, any other obligor on the Notes, the Trustee and the Holders shall, subject to any determination in such proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all rights and
remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 
  
 Section 510. Rights and Remedies Cumulative. 
  
 No right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every
right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy
hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
  
 Section 511. Delay or Omission Not Waiver. 
  
 No delay or omission of the Trustee or of any Holder of any Note to exercise any right or remedy accruing upon any Event of Default shall impair any such
right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed
expedient, by the Trustee or by the Holders, as the case may be. 
  

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 Section 512. Control by Holders. 
  
 The Holders of not less than a majority in aggregate principal amount of the
Notes then Outstanding shall have the right to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee; provided that:

  
 (a) such direction shall not be in conflict with any rule of
law or with this Indenture (including, without limitation, Section 507), expose the Trustee to personal liability, or be unduly prejudicial to Holders not joining therein; and 
  
 (b) subject to the provisions of Section 315 of the Trust Indenture Act, the Trustee may take any other action deemed
proper by the Trustee, which is not inconsistent with such direction. 
  
 Section 513. Waiver of Past Defaults. 
  
 Subject to Sections 508 and 902 hereof, the Holders of not less than a majority in aggregate principal amount of the Notes then Outstanding, by notice to the Trustee (and without notice to any other Noteholder), may waive any existing or
past Default and its consequences except (1) an Event of Default described in clauses (a), (b) and (c) of Section 501 or (2) an Event of Default in respect of a provision that under Section 902 cannot be amended without
the consent of each Noteholder affected. When a Default is waived, it is deemed cured, but no such waiver shall extend to any subsequent or other Default or impair any consequent right. 
  
 Section 514. Undertaking for Costs. 
  
 All parties to this Indenture agree, and each Holder of any Note by his acceptance thereof shall be deemed to have agreed,
that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party
litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the
merits and good faith of the claims or defenses made by such party litigant, but the provisions of this Section 514 shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the
aggregate more than 10% in principal amount of the Notes then Outstanding, or to any suit instituted by any Holder for the enforcement of the payment of the principal of, premium, if any, or interest on, any Note on or after the respective Stated
Maturities expressed in such Note (or, in the case of redemption, on or after the Redemption Date). 
  
 Section 515. Waiver of Stay, Extension or Usury Laws. 
  
 The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in
any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury or other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Company from paying all or any portion
of the principal of, premium, if any, or interest on the Notes contemplated herein or in the Notes or which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly
waives all benefit or 
  

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 advantage of any such law, and covenants that it will not hinder, delay or impede the execution of any power herein
granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 
  
 Section 516. Remedies Subject to Applicable Law. 
  
 All rights, remedies and powers provided by this Article Five may be exercised only to the extent that the exercise thereof does not violate any
applicable provision of law in the premises, and all the provisions of this Indenture are intended to be subject to all applicable mandatory provisions of law, which may be controlling in the premises and to be limited to the extent necessary so
that they will not render this Indenture invalid, unenforceable or not entitled to be recorded, registered or filed under the provisions of any applicable law. 
  

SECTION 2.10. Notice of Default and Merger, Conversion, Consolidation or Succession to Business. 
  
 Except as may be provided in a Future Supplemental Indenture, with respect
to the Notes and no other class or series of Securities issued pursuant to the Indenture, Section 602 of the Base Indenture shall be amended by replacing the number “30” with the number “90”, and Section 612 of the Base
Indenture shall be amended by replacing the word “night” where it appears in the second paragraph of such section with the word “right.” 
  
 SECTION 2.11. Applicability of Provisions Regarding Appointment of Authenticating Agent. 
  
 Except as may be provided in a Future Supplemental Indenture, with respect
to the Notes and no other class or series of Securities issued pursuant to the Indenture, Section 614 of the Base Indenture shall not apply to the Notes. 
  

SECTION 2.12. Consolidation, Merger, Sale or Conveyance. 
  
 Except as may be provided in a Future Supplemental Indenture, with respect to the Notes and no other class or series of
Securities issued pursuant to the Indenture, Article Eight of the Base Indenture shall be replaced in its entirety with the following: 
  
 ARTICLE EIGHT 
  
 CONSOLIDATION, MERGER, SALE OR CONVEYANCE 
  
 Section 801. Company May Consolidate, etc., Only on Certain Terms. 
  
 The Company shall not consolidate with or merge with or into any other Person or convey, transfer, sell, lease or otherwise dispose of all or
substantially all of its assets to another Person, unless: 
  

	 	(a)	the resulting, surviving or transferee person (the “Successor Company”) and, if any resulting Conversion Obligation relates to Public Acquirer Common Stock that is
not issued by such 

  

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 Successor Person, such public acquirer, will be a corporation organized and existing under the laws of
the United States of America, any State thereof or the District of Columbia and the Successor Company (if not the Company) and the public acquirer, as applicable, will expressly assume, by an indenture supplemental hereto, executed and delivered to
the Trustee, in form reasonably satisfactory to the Trustee, all obligations of the Company under the Notes and this Indenture; 
  

	 	(b)	immediately after giving effect to such transaction, no Default shall have occurred and be continuing; and 

  

	 	(c)	the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger, or transfer and such
supplemental indenture (if any), comply with this Article Eight. 

  
 For purposes of the foregoing, the transfer (by lease, assignment, sale or otherwise) of the properties and assets of one or more Subsidiaries (other than to the Company or another Subsidiary), which, if such assets
and the assets of each other Subsidiary of the Company were owned by the Company, would constitute all or substantially all of the properties and assets of the Company, shall be deemed to be the transfer of all or substantially all of the properties
and assets of the Company. 
  
 Section 802. Successor
Substituted. 
  
 Upon any consolidation or merger, or any
assignment, conveyance, transfer, sale, lease or disposition of all or substantially all of the properties and assets of the Company in accordance with Section 801, the successor Person formed by such consolidation or into which the Company is
merged or the successor Person to which such assignment, conveyance, transfer, sale, lease or disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture and/or the Notes,
as the case may be, with the same effect as if such successor had been named as the Company herein and/or in the Notes, as the case may be, and the Company shall be discharged from all obligations and covenants under this Indenture and the Notes;
provided that in the case of a transfer by lease or a sale of substantially all of the assets of the Company that results in the sale, assignment, conveyance, transfer or other disposition of assets constituting or accounting for less than
95% of the Consolidated assets, consolidated revenues or Consolidated Net Income (Loss) of the Company, the Company or other appropriate predecessor, if any, shall not be released from the payment of principal and interest on the Notes. 

 

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 SECTION 2.13. Supplemental Indentures. 
  
 Except as may be provided in a Future Supplemental Indenture, with respect
to the Notes and no other class or series of Securities issued pursuant to the Indenture, Article Nine of the Base Indenture shall be replaced in its entirety with the following: 
  
 ARTICLE NINE 
  
 SUPPLEMENTAL INDENTURES 
  
 Section 901. Supplemental Indentures and Agreements without Consent of Holders. 
  
 Without the consent of any Holders, the Company and any other obligor under the Notes when authorized by a Board Resolution,
and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto or agreements or other instruments with respect to this Indenture or the Notes in form and substance satisfactory to the Trustee, for any
of the following purposes: 
  
 (a) add guarantees with respect to
the Notes or to secure the Notes; 
  
 (b) remove any guarantee
added to the Notes pursuant to clause (a) above, unless such guarantee is required pursuant to Section 801(a); 
  
 (c) provide for the assumption by a successor Person of the Company’s obligations to the Holders of Notes in the case of a merger, consolidation,
conveyance, transfer, sale, lease or other disposition pursuant to Article Nine hereof; 
  
 (d) surrender any right or power herein conferred upon the Company; 
  
 (e) add to the covenants or Events of Default of the Company for the benefit of the Holders of Notes; 
  
 (f) cure any ambiguity or to correct or supplement any provision herein,
which may be inconsistent with any other provision herein or, which is otherwise defective; 
  
 (g) comply with the requirements of the Commission in order to effect or maintain the qualification of this Indenture or any supplemental indenture related to the Notes under the Trust Indenture Act; 
  
 (h) establish the form of Notes if issued in definitive form (substantially
in the form of Article Two); 
  
 (i) evidence and provide for the
acceptance of the appointment under this Indenture of a successor Trustee in accordance with the terms of this Indenture; 
  
 (j) provide for uncertificated Notes in addition to or in place of certificated Notes; provided, however, that uncertificated Notes may only
be issued in registered form for purposes of Section 163(f) of the Code or in a manner such that uncertificated Notes are described in Section 163(f)(2)(B) of the Code; 
  
 (k) to conform, as necessary, this Indenture and the Notes to the “Description of Notes” as set forth in the
prospectus supplement of the Company dated November 18, 2005 relating to the offering of the Notes (“Prospectus Supplement”); 
  

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 (l) provide for conversion rights of Holders of Notes if any reclassification or change of the
Class A Common Stock or any consolidation, merger, sale, lease or other disposition of all or substantially all of the Company’s assets occurs; 
  
 (m) change the Conversion Rate in accordance with this Indenture; provided, however, that any increase in the Conversion Rate other than
pursuant to Article Seventeen shall not adversely affect the interests of the Holders of securities (after taking into account U.S. federal income tax and other consequences of such increase); or 
  
 (n) add or modify any other provisions herein with respect to matters or
questions arising hereunder, which the Company and the Trustee may deem necessary or desirable and, which in the good faith opinion of the Board of Directors of the Company (as evidenced by a Board Resolution) and the Trustee, which change
individually or in the aggregate with all other such changes, shall not adversely affect the interests of the Holders of Notes in any material respect. 
  
 Section 902. Supplemental Indentures and Agreements with Consent of Holders. 
  
 Except as provided below in this Section 902 and in Section 901, this Indenture or the Notes may be amended,
modified or supplemented, and noncompliance in any particular instance with any provision of this Indenture or the Notes may be waived, in each case with the written consent of the Holders of at least a majority in aggregate principal amount of the
Notes at the time outstanding. 
  
 Without the written consent or
the affirmative vote of each Holder of Notes affected thereby, an amendment, supplement or waiver under this Section 902 may not: 
  
 (a) reduce the principal amount of or change the Stated Maturity of any Note, or the payment date of any installment of Interest payable on any Note;

  
 (b) reduce or alter the manner of calculation or rate of
accrual of Interest or extend the time for payment of Interest on any such amount of any Note; 
  
 (c) reduce the Redemption Price, Repurchase Price or Fundamental Change Repurchase Price of, any Note or change the time at which or circumstances under which the Notes may or shall be redeemed or repurchased;

  
 (d) impair the right of any Holder to institute suit for the
enforcement of any payment on or with respect to, or conversion of, any Note; 
  
 (e) change the currency of payment of such Notes or Interest, Redemption Price, Fundamental Change Repurchase Price or Repurchase Price thereon; 
  
 (f) adversely affect the right of the Holders of the Notes to convert any Note as provided in Article Seventeen or reduce
the number of shares of common stock or any other property receivable upon conversion as provided in Article Seventeen, except as otherwise permitted pursuant to Article Eight or Article Seventeen hereof; 
  

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 (g) modify the redemption provisions of Article Eleven in a manner adverse to the Holders of the Notes;

  
 (h) reduce the percentage of the aggregate principal amount of
the outstanding Notes the consent of whose Holders is required for a quorum, if any such supplemental indenture entered into in accordance with this Section 902 or the consent of whose Holders is required for any waiver provided for in this
Indenture; 
  
 (i) change the Company’s obligation to
maintain an office or agency in the places and for the purposes specified in this Indenture; or 
  
 (j) modify any of the provisions of this Section 902, or reduce the percentage of the aggregate principal amount of outstanding Notes required to
amend, modify or supplement the Indenture or the Notes or waive an Event of Default, except to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each outstanding Note affected
thereby. 
  
 Upon the written request of the Company, accompanied
by a copy of Board Resolutions authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of Holders as aforesaid, the Trustee shall join with the Company in the execution of such
supplemental indenture. 
  
 A Future Supplemental Indenture which
changes or eliminates any covenant or other provision of the Base Indenture which has been expressly included solely for the benefit of one or more particular series of Securities (other than the Notes) under the Indenture, or which modifies the
rights of the holders of Securities (other than the Notes) with respect to such covenant or provision shall be deemed not to affect the rights of the Noteholders. 
  
 Upon a Company Request accompanied by a copy of a Board Resolution authorizing the execution of any such Future Supplemental
Indenture, and upon the filing with the Trustee of evidence of the consent of Holders as aforesaid, the Trustee shall join with the Company in the execution of such Future Supplemental Indenture. 
  
 It shall not be necessary for the consent of the Holders under this
Section 902 to approve the particular form of any proposed amendment, but it shall be sufficient if such consent approves the substance thereof. 
  
 Section 903. Execution of Supplemental Indentures and Agreements. 
  
 In executing, or accepting the additional trusts created by, any supplemental indenture, agreement, instrument or waiver
permitted by this Article Nine or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Trust Indenture Act Sections 315(a) through 315(d) and Section 603(a) hereof) shall
be fully protected in relying upon, an Opinion of Counsel and an Officers’ Certificate stating that the execution of such supplemental indenture, agreement or instrument (a) is authorized or permitted by this Indenture and (b) does
not violate the provisions of any agreement or instrument evidencing any other Indebtedness of the Company or any Subsidiary of the Company. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture, agreement or
instrument, which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
  

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 Section 904. Effect of Supplemental Indentures. 
  
 Upon the execution of any supplemental indenture under this Article, this
Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Notes theretofore or thereafter authenticated and delivered hereunder shall be bound
thereby. 
  
 Section 905. Conformity with Trust Indenture
Act. 
  
 Every supplemental indenture executed pursuant to
this Article Nine shall conform to the requirements of the Trust Indenture Act as then in effect. 
  
 Section 906. Reference in Notes to Supplemental Indentures. 
  
 Notes authenticated and delivered after the execution of any supplemental indenture pursuant to this Article Nine may, and
shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Notes so modified as to conform, in the opinion of the Trustee and
the Board of Directors, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Notes then Outstanding. 
  
 Section 907. Notice of Supplemental Indentures. 
  
 Promptly after the execution by the Company and the Trustee of any
supplemental indenture pursuant to the provisions of Section 902, the Company shall give notice thereof to the Holders of each Note then Outstanding affected, in the manner provided for in Section 106, setting forth in general terms the
substance of such supplemental indenture. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. 
  
 Section 908. Effect of Indenture. 
  
 To the extent permitted by applicable law, in the event of any inconsistency
between the terms of this Indenture and the terms of the Base Indenture, the terms of this Indenture shall control. 
  
 SECTION 2.14. Application of Certain Sections of the Base Indenture Regarding Covenants of the Company. 
  
 The provisions of Section 1006, 1007, 1008 and 1009 of the Base
Indenture shall not apply to the Notes or the Holders. 
  

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 SECTION 2.15. Provision of Financial Statements. 
  
 Except as may be provided in a Future Supplemental Indenture, with respect
to the Notes and no other class or series of Securities issued pursuant to the Indenture, new Sections 1010 and 1011 shall be added to the Indenture as follows: 
  

Section 1010. Provision of Financial Statements. 
  

Whether or not the Company is subject to Section 13(a) or 15(d) of the Exchange Act, if the Company makes filings under the Exchange Act with the
Commission of annual reports, quarterly reports and other documents, the Company shall within 15 days of each filing, file with the Trustee copies of the annual reports, quarterly reports and other documents, which the Company filed with the
Commission pursuant to Sections 13(a) or 15(d) of the Exchange Act if the Company were subject to either of such Sections. 
  
 Section 1011. Waiver of Certain Covenants. 
  
 The Company may omit in any particular instance to comply with any covenant or condition set forth in Sections 1004, 1010 and 1012, if, before or after
the time for such compliance, the Holders of not less than a majority in aggregate principal amount of the Notes at the time Outstanding shall, by Act of such Holders, waive such compliance in such instance with such covenant or provision, but no
such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such covenant or
condition shall remain in full force and effect. 
  
 SECTION 2.16.
Statement by Officers as to Default 
  
 Except as may be
provided in a Future Supplemental Indenture, with respect to the Notes, a new Section 1012 shall be added to the Indenture as follows: 
  
 Section 1012. Statement by Officers as to Default. 
  

(a) The Company will deliver to the Trustee, on or before a date not more than 120 days after the end of each fiscal year of the Company ending after
the date hereof, and 60 days after the end of each fiscal quarter ending after the date hereof, a written statement signed by two executive officers of the Company one of whom shall be the principal executive officer, principal financial officer or
principal accounting officer of the Company, as to compliance herewith, including whether or not, after a review of the activities of the Company during such year and of the Company’s performance under this Indenture, to the best knowledge,
based on such review, of the signers thereof, the Company has fulfilled all of its respective obligations and is in compliance with all conditions and covenants under this Indenture throughout such year and, if there has been a Default specifying
each Default and the nature and status thereof and any actions being taken by the Company with respect thereto. 
  
 (b) When any Default or Event of Default has occurred and is continuing, or if the Trustee or any Holder or the trustee for or the holder of any other
evidence of Indebtedness of the Company gives any notice or takes any other action with respect to a claimed default, the 
  

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 Company shall deliver to the Trustee by registered or certified mail or facsimile transmission followed by an originally
executed copy of an Officers’ Certificate specifying such Default, Event of Default, notice or other action, the status thereof and what actions the Company is taking or proposes to take with respect thereto, within five Business Days after the
occurrence of such Default or Event of Default. 
  
 SECTION 2.17.
Redemption and Repurchases of Notes. 
  
 Except as may be
provided in a Future Supplemental Indenture, with respect to the Notes and no other class or series of Securities issued pursuant to the Indenture, Article Eleven of the Base Indenture shall be replaced in its entirety with the following:

  
 ARTICLE ELEVEN 
  
 REDEMPTION AND REPURCHASES 
  
 Section 1101. Company’s Right of Redemption. 
  
 Prior to November 30, 2010, the Notes shall not be redeemable at the
Company’s option. On or after November 30, 2010, the Company, at its option, may redeem the Notes for U.S. legal tender (“cash”) at any time, in whole or in part, at a redemption price (the “Redemption
Price”) equal to 100% of the principal amount of the Notes redeemed, plus any accrued and unpaid Interest on the Notes redeemed up to, but not including, the Redemption Date, provided, that if the Redemption Date is on a date that is
after an Interest Record Date and on or prior to the corresponding Interest Payment Date, the Redemption Price shall be 100% of the principal amount of the Notes redeemed, but shall not include accrued and unpaid Interest. Instead, the Company shall
pay such accrued but unpaid Interest on the Interest Payment Date to the Holder of record on the corresponding Interest Record Date. Notwithstanding the foregoing, the Company may not redeem the Notes if it has failed to pay any Interest on the
Notes when due and such failure is continuing. 
  
 Section 1102. Applicability of Article. 
  
 Redemption of Notes at the election of the Company or otherwise, as permitted or required by any provision of this Indenture, shall be made in accordance with such provision and this Article Eleven. 
  
 Section 1103. Election to Redeem; Notice to Trustee. 

 
 If the Company elects to redeem Notes pursuant to this Section 1103,
it shall notify the Trustee in writing of such election together with the Redemption Date, the Conversion Rate, the principal amount of Notes to be redeemed and the Redemption Price. 
  
 The Company shall give the notice to the Trustee provided for in this Section 1103 by a Company Order and an
Officers’ Certificate, at least 30 days, but not more than 60 days before the Redemption Date (unless a shorter notice shall be satisfactory to the Trustee). 
  

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 Section 1104. Selection by Trustee of Notes to Be Redeemed. 
  
 If less than all of the outstanding Notes are to be redeemed, the Trustee
shall select the Notes to be redeemed by lot, on a pro rata basis or by another method the Trustee considers fair and appropriate (so long as such method is not prohibited by the rules of any stock exchange or quotation association on which the
Notes are then traded or quoted). The Trustee may select for redemption portions of the principal amount of Notes that have denominations larger than $1,000. 
  
 Notes and portions of Notes that the Trustee selects shall be in principal amounts of $1,000 or an integral multiple of $1,000. Provisions of this
Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption. The Trustee shall notify the Company promptly of the Notes or portions of the Notes selected to be redeemed and, in the case of any Notes
selected for partial redemption, the method it has chosen for the selection of the Note. 
  
 Following a notice of redemption, Notes and portions of Notes are convertible, pursuant to Section 1701(a)(2), by the Holder until the close of business on the second Business Day prior to the Redemption Date. If
any Note selected for partial redemption is converted in part before termination of the conversion right with respect to the portion of the Note so selected, the converted portion of such Note shall be deemed (so far as may be) to be from the
portion selected for redemption. Notes that have been converted during a selection of Notes to be redeemed may be treated by the Trustee as outstanding for the purpose of such selection. 
  
 Section 1105. Notice of Redemption. 
  
 At least 30 days, but not more than 60 days before a Redemption Date, the Company shall mail a notice of redemption
(substantially in the form of Exhibit A) by first-class mail, postage prepaid, to each Holder of Notes to be redeemed. 
  
 The notice shall identify the Notes to be redeemed and shall state (along with any other information the Company wishes to include): 
  

	 	(i)	the Redemption Date; 

  

	 	(ii)	the Redemption Price; 

  

	 	(iii)	the Conversion Rate; 

  

	 	(iv)	the name and address of the Paying Agent and Conversion Agent; 

  

	 	(v)	that Notes may be converted at any time before the close of business on the second Business Day prior to the Redemption Date; 

  

	 	(vi)	that Notes called for redemption and not converted shall be redeemed on the Redemption Date; 

  

	 	(vii)	that Holders who want to convert their Notes must satisfy the requirements set forth in the Notes; 

  

 -46- 

	 	(viii)	that Notes called for redemption must be surrendered to the Paying Agent (by effecting book-entry transfer of the Notes or delivering certificated Notes, together with necessary
endorsements, as the case may be) to collect the Redemption Price; 

  

	 	(ix)	if fewer than all of the outstanding Notes are to be redeemed, the certificate numbers, if any, and principal amounts of the particular Notes to be redeemed;

  

	 	(x)	that, unless the Company defaults in making payment of such Redemption Price and Interest, the Notes called for redemption shall cease to accrue Interest from and after the
Redemption Date; and 

  

	 	(xi)	the “CUSIP,” “ISIN” or other similar number(s), as the case may be, of the Notes being redeemed. 

  
 At the Company’s election, notice of redemption of Notes to be redeemed
shall be given by the Company or, at the Company’s written request, by the Trustee in the Company’s name and at the Company’s expense; provided that the Company makes such request at least seven Business Days (or such shorter
period as may be satisfactory to the Trustee) prior to the date by which such notice of redemption must be given to Holders in accordance with this Section 1105. 
  
 Section 1106. Deposit of Redemption Price. 
  
 Prior to 10:00 a.m. (New York City time), on the Redemption Date, the Company shall deposit with the Paying Agent (or if the
Company or a Subsidiary or an Affiliate of either of them is the Paying Agent, shall segregate and hold in trust) money sufficient to pay the Redemption Price of all Notes to be redeemed on that date other than Notes or portions of Notes called for
redemption, which on or prior thereto have been delivered by the Company to the Trustee for cancellation or have been converted. The Paying Agent shall promptly mail or deliver to Holders of Notes so redeemed payment in an amount equal to the
Redemption Price of the Notes purchased from each such Holder. The Paying Agent shall promptly return to the Company any money not required for that purpose because of conversion of Notes pursuant to Article Seventeen. If such money is then held by
the Company or a Subsidiary or an Affiliate of either in trust and is not required for such purpose it shall be discharged from such trust. 
  
 Section 1107. Effect of Notice of Redemption. 
  
 Once notice of redemption is given, Notes called for redemption become due and payable on the Redemption Date and at the Redemption Price stated in the
notice except for Notes that are converted in accordance with the terms of this Indenture. Upon surrender to the Paying Agent, such Notes shall be paid at the Redemption Price stated in the notice and from and after the Redemption Date (unless the
Company shall default in the payment of the Redemption Price) such Notes shall cease to bear Interest and the rights of the Holders therein shall terminate (other than the right to receive the Redemption Price). 
  

 -47- 

 If any Note called for redemption shall not be so paid upon surrender thereof for redemption, the
principal and premium, if any, shall, until paid, bear interest from the Redemption Date at the rate borne by such Note. 
  
 Section 1108. Notes Redeemed in Part. 
  
 Upon surrender of a Note that is redeemed in part, the Company shall execute and the Trustee shall, without charge, authenticate and deliver to the Holder
a new Note in an authorized denomination equal in principal amount to the unredeemed portion of the Note surrendered. 
  
 Section 1109. Repurchase of Notes by the Company at Option of the Holder. 
  
 (a) On November 30, 2010 (the “Repurchase Date”), each Holder shall have the option to require the
Company to repurchase Notes for which that Holder has properly delivered and not withdrawn a written Repurchase Notice (as described below) at a repurchase price in cash equal to 100% of the principal amount of those Notes on those Notes, plus
accrued and unpaid Interest, if any to, but not including, such Repurchase Date (the “Repurchase Price”); provided that if the Repurchase Date is on a date that is after an Interest Record Date and on or prior to the
corresponding Interest Payment Date, the Repurchase Price shall be 100% of the principal amount of the Notes repurchased but shall not include accrued and unpaid Interest. Instead, the Company shall pay such accrued and unpaid Interest, on the
Interest Payment Date, to the Holder of Record on the corresponding Interest Record Date. Not later than 20 Business Days prior to any Repurchase Date, the Company shall mail a Company Notice (substantially in the form of Exhibit B) by first class
mail to the Trustee and to each Holder (and to beneficial owners if required by applicable law). The Company Notice shall include a form of Repurchase Notice to be completed by a Holder and shall state: 
  

	 	(i)	the Repurchase Price and the Conversion Rate; 

  

	 	(ii)	the name and address of the Paying Agent and the Conversion Agent; 

  

	 	(iii)	that Notes as to which a Repurchase Notice has been given may be converted if they are otherwise convertible only in accordance with Article Seventeen hereof and the terms of the
Notes if the applicable Repurchase Notice has been withdrawn in accordance with the terms of this Indenture; 

  

	 	(iv)	that Notes must be surrendered to the Paying Agent (by effecting book-entry transfer of the Notes or delivering certificated Notes, together with necessary endorsements, as the case
may be) to collect payment; 

  

	 	(v)	that the Repurchase Price for any Note as to which a Repurchase Notice has been given and not withdrawn shall be paid promptly following the later of the Business Day immediately
following the Repurchase Date and the time of surrender of such Note as described in clause (iv) above; 

  

 -48- 

	 	(vi)	the procedures the Holder must follow to exercise its right to require the Company to repurchase such Holder’s Notes under this Section 1109 and a brief description of
that right; 

  

	 	(vii)	briefly, the conversion rights, if any, that exist at the date of the Company Notice or as a result of the Company Notice with respect to the Notes; 

  

	 	(viii)	the procedures for withdrawing a Repurchase Notice; 

  

	 	(ix)	that, unless the Company defaults in making payment on Notes for which a Repurchase Notice has been submitted, Interest on such Notes shall cease to accrue from and after the
Repurchase Date; and 

  

	 	(x)	the “CUSIP,” “ISIN” or other similar number(s), as the case may be, of the Notes. 

  
 At the Company’s request, the Trustee shall give such Company Notice to each Holder in the Company’s name and at
the Company’s expense; provided, however, that, in all cases, the text of such Company Notice shall be prepared by the Company. 
  
 (b) A Holder may exercise its rights specified in Section 1109(a) upon delivery to the Paying Agent of a written notice of repurchase (a
“Repurchase Notice”) substantially in the form of Exhibit B during the period beginning at any time from the opening of business on the date that is 20 Business Days prior to the relevant Repurchase Date until the close of business
on such Repurchase Date, stating: 
  

	 	(i)	if certificated Notes have been issued, the certificate number(s) of the Notes, which the Holder shall deliver to be repurchased (or, if certificated Notes have not been issued for
such Note, the Repurchase Notice shall comply with the appropriate Depositary procedures for book-entry transfer), 

  

	 	(ii)	the portion of the principal amount of the Note, which the Holder shall deliver to be repurchased, which portion must be in principal amounts of $1,000 or an integral multiple of
$1,000, and 

  

	 	(iii)	that such Note shall be repurchased by the Company as of the Repurchase Date pursuant to the terms and conditions specified in Section 4 of the Notes and in this Indenture.

  

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 The delivery of such Note (together with all necessary endorsements) to the Paying Agent at any time
after delivery of the Repurchase Notice by book-entry transfer or by delivery of certificated Notes at the offices of the Paying Agent shall be a condition to receipt by the Holder of the Repurchase Price therefor; provided, however,
that such Repurchase Price shall be so paid pursuant to this Section 1109 only if the Note (together with all necessary endorsements) so delivered to the Paying Agent shall conform in all respects to the description thereof in the related
Repurchase Notice. 
  
 The Company shall repurchase from the
Holder thereof, pursuant to this Section 1109, a portion of a Note, if the principal amount of such portion is $1,000 or an integral multiple of $1,000. Provisions of this Indenture that apply to the repurchase of all of a Note also apply to
the repurchase of such portion of such Note. 
  
 Any repurchase by
the Company contemplated pursuant to the provisions of this Section 1109 shall be consummated by the delivery of the consideration to be received by the Holder promptly following the later of the Business Day immediately following the
Repurchase Date and the time of delivery of the Note (together with all necessary endorsements or notifications of book-entry transfer). 
  
 Notwithstanding anything herein to the contrary, any Holder delivering to the Paying Agent the Repurchase Notice contemplated by this Section 1109
shall have the right to withdraw such Repurchase Notice by delivery of a written notice of withdrawal to the Paying Agent in accordance with Section 1111 at any time prior to the close of business on the Repurchase Date. 
  
 The Paying Agent shall promptly notify the Company of the receipt by it of
any Repurchase Notice or written notice of withdrawal thereof. 
  
 Section 1110. Repurchase of Notes at Option of the Holder Upon a Fundamental Change. 
  
 (a) If a Fundamental Change occurs, each Holder shall have the right, at such Holder’s option, to require the Company to repurchase for cash all of
such Holder’s Notes not previously called for redemption by the Company, or any portion thereof that is equal to or an integral multiple of $1,000 principal amount, at a repurchase price equal to 100% of the principal amount of those Notes,
plus accrued and unpaid Interest on those Notes (the “Fundamental Change Repurchase Price”) to, but not including, the date that is 30 days following the date of the notice of a Fundamental Change mailed by the Company pursuant to
Section 1110(b) (the “Fundamental Change Repurchase Date”), subject to satisfaction by or on behalf of the Holder of the requirements set forth in Section 1110(c); provided that if the Fundamental Change Repurchase
Date is on a date that is after an Interest Record Date and on or prior to the corresponding Interest Payment Date, the Fundamental Change Repurchase Price shall be 100% of the principal amount of the Notes repurchased, but shall not include accrued
and unpaid Interest. Instead, the Company shall pay such Interest, on the Interest Payment Date to the Holder of Record on the corresponding Interest Record Date which may or not be the same person who is paid the Fundamental Change Repurchase
Price. 
  

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 (b) No later than 15 days after the occurrence of a Fundamental Change, the Company shall mail a Company
Notice of the Fundamental Change (substantially in the form of Exhibit C) by first class mail to the Trustee and to each Holder (and to beneficial owners if required by applicable law). The Company Notice shall include a form of Fundamental Change
Repurchase Notice to be completed by the Holder and shall state: 
  

	 	(i)	briefly, the events causing a Fundamental Change and the date of such Fundamental Change; 

  

	 	(ii)	the date by which the Fundamental Change Repurchase Notice pursuant to this Section 1110 must be delivered to the Paying Agent in order for a Holder to exercise the repurchase
rights; 

  

	 	(iii)	the Fundamental Change Repurchase Date; 

  

	 	(iv)	the Fundamental Change Repurchase Price; 

  

	 	(v)	the name and address of the Paying Agent and the Conversion Agent; 

  

	 	(vi)	the Conversion Rate; 

  

	 	(vii)	that the Notes as to which a Fundamental Change Repurchase Notice has been given may be converted if they are otherwise convertible pursuant to Article Seventeen hereof only if the
Fundamental Change Repurchase Notice has been withdrawn in accordance with the terms of this Indenture; 

  

	 	(viii)	that the Notes must be surrendered to the Paying Agent (by effecting book-entry transfer of the Notes or delivering certificated Notes, together with necessary endorsements, as the
case may be) to collect payment; 

  

	 	(ix)	that the Fundamental Change Repurchase Price for any Note as to which a Fundamental Change Repurchase Notice has been duly given and not withdrawn shall be paid promptly following
the later of the Business Day immediately following the Fundamental Change Repurchase Date and the time of surrender of such Note as described in clause (viii); 

  

	 	(x)	briefly, the procedures the Holder must follow to exercise rights under this Section 1110; 

  

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	 	(xi)	briefly, the conversion rights, if any, that exist on the Notes at the date of the Company Notice and as a result of such Fundamental Change; 

  

	 	(xii)	the procedures for withdrawing a Fundamental Change Repurchase Notice; 

  

	 	(xiii)	that, unless the Company defaults in making payment of such Fundamental Change Repurchase Price on Notes for which a Fundamental Change Repurchase Notice is submitted, Interest on
such Notes shall cease to accrue from and after the Fundamental Change Repurchase Date; and 

  

	 	(xiv)	the “CUSIP,” “ISIN” or other similar number(s), as the case may be, of the Notes. 

  
 At the Company’s request, the Trustee shall give such Company Notice to each Holder in the Company’s name and at
the Company’s expense; provided, however, that, in all cases, the text of such Company Notice shall be prepared by the Company. 
  
 (c) A Holder may exercise its rights specified in this Section 1110 upon delivery of a written notice of repurchase (a “Fundamental Change
Repurchase Notice”) to the Paying Agent at any time on or prior to the close of business on the Fundamental Change Repurchase Date, stating: 
  

	 	(i)	if certificated Notes have been issued, the certificate number(s) of the Notes, which the Holder shall deliver to be repurchased (or, if certificated Notes have not been issued, the
Fundamental Change Repurchase Notice shall comply with the appropriate Depositary procedures for book-entry transfer); 

  

	 	(ii)	the portion of the principal amount of the Note, which the Holder shall deliver to be repurchased, which portion must be $1,000 or an integral multiple of $1,000; and

  

	 	(iii)	that such Note shall be repurchased pursuant to the applicable provisions of the Notes and this Indenture. 

  
 The delivery of such Note (together with all necessary endorsements) to the
Paying Agent with the Fundamental Change Repurchase Notice at the offices of the Paying Agent shall be a condition to the receipt by the Holder of the Fundamental Change Repurchase Price therefor; provided, however, that such Fundamental
Change Repurchase Price shall be so paid pursuant to this Section 1110 only if the Note (together with all necessary endorsements) so delivered to the Paying Agent shall conform in all respects to the description thereof set forth in the
related Fundamental Change Repurchase Notice. 
  
 The Company
shall repurchase from the Holder thereof, pursuant to this Section 1110, a portion of a Note if the principal amount of such portion is $1,000 or an integral multiple of $1,000. Provisions of this Indenture that apply to the repurchase of all
of a Note also apply to the repurchase of such portion of such Note. 
  

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 Any repurchase by the Company contemplated pursuant to the provisions of this Section 1110 shall be
consummated by the delivery of the Fundamental Change Repurchase Price promptly following the later of the Business Day following the Fundamental Change Repurchase Date or the time of delivery of such Note (together with all necessary endorsements
or notifications of book-entry transfer). 
  
 Notwithstanding the
foregoing, Holders shall not have the right to require the Company to repurchase the Notes upon a Change of Control described in clauses (a) and (d) of the definition thereof if (1) the last reported sale price of the Class A
Common Stock for any five trading days within the 10 consecutive trading days ending immediately before the later of the Fundamental Change or the announcement thereof, equals or exceeds 105% of the conversion price per share of Class A Common
Stock in effect on each of those trading days (this clause being referred to as the “105% exception”), or (2) more than 90% of the consideration (excluding cash payments for fractional shares or made in connection with the
exercise of dissenters’ rights) in the transaction or transactions constituting such Change of Control consists of shares of common stock traded or to be traded immediately following such Change of Control on a U.S. national securities exchange
or the Nasdaq National Market, and, as a result of such transaction or transactions, the Notes become convertible into such common stock (excluding cash payments for fractional shares). 
  
 Notwithstanding anything herein to the contrary, any Holder delivering to the Paying Agent the Fundamental Change Repurchase
Notice contemplated by this Section 1110(c) shall have the right to withdraw such Fundamental Change Repurchase Notice by delivery of a written notice of withdrawal to the Paying Agent in accordance with Section 1111 at any time prior to
the close of business on the Fundamental Change Repurchase Date. 
  
 The Paying Agent shall promptly notify the Company of the receipt by it of any Fundamental Change Repurchase Notice or written withdrawal thereof. 
  
 Section 1111. Effect of Repurchase Notice or Fundamental Change Repurchase Notice. 
  
 (a) Upon receipt by the Paying Agent of the Repurchase Notice or Fundamental
Change Repurchase Notice specified in Section 1109 or Section 1110, as applicable, the Holder of the Note in respect of which such Repurchase Notice or Fundamental Change Repurchase Notice, as the case may be, was given shall (unless such
Repurchase Notice or Fundamental Change Repurchase Notice, as the case may be, is withdrawn as specified in Section 1111(b)) thereafter be entitled solely to receive the Repurchase Price or Fundamental Change Repurchase Price, as the case may
be, with respect to such Note whether or not the Note is, in fact, properly delivered. Such Repurchase Price or Fundamental Change Repurchase Price shall be paid to such Holder, subject to receipt of funds and/or securities by the Paying Agent,
promptly following the later of (x) the Business Day following the Repurchase Date or the Fundamental Change Repurchase Date, as the case may be, with respect to such Note (provided the conditions in Section 1109 or
Section 1110, as applicable, have been satisfied) and (y) the 
  

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 time of delivery of such Note to the Paying Agent by the Holder thereof in the manner required by Section 1109 or
Section 1110, as applicable. Notes in respect of which a Repurchase Notice or Fundamental Change Repurchase Notice has been given by the Holder thereof may not be converted pursuant to and to the extent permitted by Article Seventeen hereof on
or after the date of the delivery of such Repurchase Notice or Fundamental Change Repurchase Notice unless such Repurchase Notice or Fundamental Change Repurchase Notice has first been validly withdrawn as specified in Section 1111(b). If the
Paying Agent holds money sufficient to pay the Fundamental Change Repurchase Price of the Notes, which Holders have elected to require the Company to repurchase on the Business Day following the Fundamental Change Repurchase Date, in accordance with
the terms of this Indenture, then, immediately after the Fundamental Change Repurchase Date, such Notes will cease to be outstanding and Interest, if any, on the Notes will cease to accrue, whether or not the Notes are transferred by book-entry or
delivered to the Paying Agent. Thereafter, all other rights of the Holders shall terminate, other than the right to receive the Fundamental Change Repurchase Price upon book-entry transfer of the Notes or delivery of the Notes. 
  
 (b) A Repurchase Notice or Fundamental Change Repurchase Notice may be
withdrawn by means of a written notice of withdrawal delivered to the office of the Paying Agent in accordance with the Repurchase Notice or Fundamental Change Repurchase Notice, as the case may be, at any time (i) in the case of the Repurchase
Notice, if received by the Paying Agent prior to the close of business on the Repurchase Date or (ii) in the case of the Fundamental Change Repurchase Notice, if received by the Paying Agent prior to the close of business on the Fundamental
Change Repurchase Date, as the case may be, specifying: 
  

	 	(i)	the principal amount, if any, of such Note which remains subject to the original Repurchase Notice or Fundamental Change Repurchase Notice, as the case may be, and which has been or
shall be delivered for purchase by the Company, 

  

	 	(ii)	if certificated Notes have been issued, the certificate number, if any, of the Note in respect of which such notice of withdrawal is being submitted (or, if certificated Notes have
not been issued, that such withdrawal notice shall comply with the appropriate Depositary procedures for book-entry transfer), and 

  

	 	(iii)	the principal amount of the Note with respect to which such notice of withdrawal is being submitted. 

  
 Section 1112. Deposit of Repurchase Price or Fundamental Change Repurchase Price. 
  
 Prior to 10:00 a.m. (local time in The City of New York) on the Business Day
following the Repurchase Date or the Fundamental Change Repurchase Date, as the case may be, the Company shall deposit with the Paying Agent (or, if the Company or a Subsidiary or an Affiliate of either of them is acting as the Paying Agent, shall
segregate and hold in trust as provided in Section 606) an amount of cash in immediately available funds sufficient to pay the aggregate Repurchase Price or Fundamental Change Repurchase Price, as the case may be, of all the Notes or portions
thereof, which are to be purchased as of the Repurchase Date or Fundamental Change Repurchase Date, as the case may be. 
  

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 Section 1113. Notes Purchased in Part. 
  
 Any certificated Note, which is to be purchased only in part shall be
surrendered at the office of the Paying Agent (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or such
Holder’s attorney duly authorized in writing) and the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Note, without service charge, a new Note or Notes, of any authorized denomination as requested by
such Holder in aggregate principal amount equal to, and in exchange for, the portion of the principal amount of the Note so surrendered which is not purchased. 
  

Section 1114. Covenant to Comply with Securities Laws upon Purchase of Notes. 
  
 When complying with the provisions of Section 1109 or Section 1110
hereof (provided that such offer or purchase constitutes an “issuer tender offer” for purposes of Rule 13e-4 (which term, as used herein, includes any successor provision thereto) under the Exchange Act at the time of such offer or
purchase), and subject to any exemptions available under applicable law, the Company shall (i) comply with Rule 13e-4 and Rule 14e-1 (or any successor provision) and any other applicable tender offer rules under the Exchange Act, (ii) file
the related Schedule TO (or any successor schedule, form or report) under the Exchange Act, and (iii) otherwise comply with all Federal and state securities laws so as to permit the rights and obligations under Section 1109 and
Section 1110 to be exercised in the time and in the manner specified in Section 1109 and Section 1110. 
  
 Section 1115. Repayment to the Company. 
  
 The Trustee and the Paying Agent shall return to the Company any cash that remains unclaimed as provided in the terms of the Notes, together with
interest, if any, thereon (subject to the provisions of Section 606 of this Indenture), held by them for the payment of the Repurchase Price or Fundamental Change Repurchase Price, as the case may be. 
  
 SECTION 2.18. Subordination of the Notes. 
  
 Except as may be provided in a Future Supplemental Indenture, with respect
to the Notes and no other class or series of Securities issued pursuant to the Indenture, Article Twelve of the Base Indenture shall be replaced in its entirety with the following: 
  

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 ARTICLE TWELVE 
  
 SUBORDINATION OF THE NOTES 
  
 Section 1201. Notes Subordinate to Senior Indebtedness. 
  
 The Company covenants and agrees, and each Holder of a Note, by his acceptance thereof, likewise covenants and agrees, that,
to the extent and in the manner hereinafter set forth in this Article, the Indebtedness represented by the Notes and the payment of the principal of, premium, if any, and interest on, the Notes are hereby expressly made subordinate and subject in
right of payment as provided in this Article to the prior payment in full of all Senior Indebtedness. 
  
 This Article Twelve shall constitute a continuing offer to all Persons who, in reliance upon such provisions, become holders of, or continue to hold
Senior Indebtedness; and such provisions are made for the benefit of the holders of Senior Indebtedness; and such holders are made obligees hereunder and they or each of them may enforce such provisions. 
  
 Section 1202. Payment Over of Proceeds Upon Dissolution, etc.

  
 In the event of (a) any insolvency or bankruptcy case or
proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding in connection therewith, relative to the Company or its assets, or (b) any liquidation, dissolution or other winding up of the Company, whether
voluntary or involuntary, or whether or not involving insolvency or bankruptcy, or (c) any assignment for the benefit of creditors or any other marshaling of assets or liabilities of the Company, then and in any such event: 
  

	 	(1)	the holders of Senior Indebtedness shall be entitled to receive payment in full of all amounts due on or in respect of Senior Indebtedness before the Holders of the Notes are
entitled to receive any payment or distribution of any kind or character (excluding securities of the Company or any other corporation that are equity securities or are subordinated in right of payment to all Senior Indebtedness, that may be
outstanding, to substantially the same extent as, or to a greater extent than, the Notes are so subordinated as provided in this Article (“Permitted Junior Securities”)) on account of the principal of, premium, if any, or interest
on the Notes or on account of the purchase, redemption, other acquisition of, or in respect of, the Notes (other than amounts previously set aside with the Trustee, or payments previously made, in either case, pursuant to the provisions of
Section 401 of this Indenture); and 

  

	 	(2)	any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities (excluding Permitted Junior Securities), by setoff or
otherwise, to which the Holders or the Trustee would be entitled but for the provisions of this Article shall be paid by the liquidating trustee or agent or other Person making such payment or distribution, whether a trustee in bankruptcy, a
receiver or liquidating trustee or otherwise, directly to the holders of Senior Indebtedness or their representative or representatives or to the trustee or trustees under any indenture under which any instruments evidencing any of such Senior
Indebtedness may have been issued, ratably according to the aggregate amounts remaining unpaid on account of the Senior Indebtedness held or represented by each, to the extent necessary to make 

  

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 payment in full, of all Senior Indebtedness remaining unpaid, after giving effect to any concurrent
payment or distribution to the holders of such Senior Indebtedness; and 
  

	 	(3)	in the event that, notwithstanding the foregoing provisions of this Section 1202, the Trustee or the Holder of any Note shall have received any payment or distribution of
assets of the Company of any kind or character, whether in cash, property or securities (excluding Permitted Junior Securities), in respect of principal of, premium, if any, and interest on the Notes before all Senior Indebtedness is paid in full,
then and in such event such payment or distribution (excluding Permitted Junior Securities) shall be paid over or delivered forthwith to the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee, agent or other Person making
payments or distributions of assets of the Company for application to the payment of all Senior Indebtedness remaining unpaid, to the extent necessary to pay all Senior Indebtedness in full after giving effect to any concurrent payment or
distribution to or for the holders of Senior Indebtedness. 

  
 The consolidation of the Company with, or the merger of the Company with or into, another Person or the liquidation or dissolution of the Company following the sale, assignment, conveyance, transfer, lease or other
disposal of its properties and assets substantially as an entirety to another Person upon the terms and conditions set forth in Article Eight shall not be deemed a dissolution, winding up, liquidation, reorganization, assignment for the benefit of
creditors or marshaling of assets and liabilities of the Company for the purposes of this Section 1202 if the Person formed by such consolidation or the surviving entity of such merger or the Person, which acquires by sale, assignment,
conveyance, transfer, lease or other disposal of such properties and assets substantially as an entirety, as the case may be, shall, as a part of such consolidation, merger, sale, assignment, conveyance, transfer, lease or other disposal, comply
with the conditions set forth in Article Eight. 
  
 Section 1203. Suspension of Payment When Designated Senior Indebtedness in Default. 
  
 (a) Unless Section 1202 shall be applicable, upon the occurrence and during the continuance of any default in the payment of any Designated Senior
Indebtedness beyond any applicable grace period (a “Payment Default”) and after the receipt by the Trustee from a Senior Representative of any Designated Senior Indebtedness of written notice of such default, no payment (other than
amounts previously set aside with the Trustee or payments previously made, in either case, pursuant to Section 401 of this Indenture) or distribution of any assets of the Company or any of its Subsidiaries of any kind or character (excluding
Permitted Junior Securities) may be made by the Company on account of the principal of, premium, if any, or interest on, the Notes, or on account of the purchase, redemption, other acquisition of, or in respect of, the Notes unless and until such
Payment Default shall have been cured or waived or shall have ceased to exist or such Designated Senior Indebtedness shall have been discharged or paid in full, after which the Company shall (subject to the other provisions of this Article Twelve)
resume making any and all required payments in respect of the Notes, including any missed payments. 
  

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 (b) Unless Section 1202 shall be applicable, (1) upon the occurrence and during the continuance
of any nonpayment default with respect to any Designated Senior Indebtedness pursuant to which the maturity thereof may then be accelerated immediately (a “Non-payment Default”) and (2) after the receipt by the Trustee and the
Company from a Senior Representative of written notice of such Non-payment Default, no payment (other than any amounts previously set aside with the Trustee, or payments previously made, in either case, pursuant to the provisions of Section 401
of this Indenture) or distribution of any assets of the Company of any kind or character (excluding Permitted Junior Securities) may be made by the Company or any of its Subsidiaries on account of the principal of, premium, if any, or interest on,
the Notes, or on account of the purchase, redemption, conversion or other acquisition of, or in respect of, the Notes for the period specified below (“Payment Blockage Period”). 
  
 (c) The Payment Blockage Period shall commence upon the receipt of notice of
the Non-payment Default by the Trustee and the Company from a Senior Representative and shall end on the earliest of (i) the 179th day after such commencement, (ii) the date on which such Non-payment Default (and all other Non-payment
Defaults as to which notice is given after such Payment Blockage Period is initiated) is cured, waived or ceases to exist or on which such Designated Senior Indebtedness is discharged or paid in full, or (iii) the date on which such Payment
Blockage Period (and all Non-payment Defaults as to which notice is given after such Payment Blockage Period is initiated) shall have been terminated by written notice to the Company or the Trustee from the Senior Representative initiating such
Payment Blockage Period, after which, in the case of clauses (i), (ii) and (iii), the Company shall promptly resume making any and all required payments in respect of the Notes, including any missed payments. In no event will a Payment Blockage
Period extend beyond 179 days from the date of the receipt by the Company and the Trustee of the notice initiating such Payment Blockage Period (such 179-day period referred to as the “Initial Period”). Any number of notices of
Non-payment Defaults may be given during the Initial Period; provided that during any period of 365 consecutive days only one Payment Blockage Period, during which payment of principal of, premium, if any, or interest on, the Notes may not be
made, may commence and the duration of such period may not exceed 179 days. No Non-payment Default with respect to any Designated Senior Indebtedness that existed or was continuing on the date of the commencement of any Payment Blockage Period will
be, or can be, made the basis for the commencement of a second Payment Blockage Period, whether or not within a period of 365 consecutive days, unless such default has been cured or waived for a period of not less than 90 consecutive days. The
Company shall deliver a notice to the Trustee promptly after the date on which any Non-payment Default is cured or waived or ceases to exist or on which the Designated Senior Indebtedness related thereto is discharged or paid in full, and the
Trustee is authorized to act in reliance on such notice. 
  
 (d)
In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Note prohibited by the foregoing provisions of this Section 1203, then and in such event such payment shall be paid over
and delivered forthwith to a Senior Representative of the holders of the Designated Senior Indebtedness or as a court of competent jurisdiction shall direct. 
  

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 Section 1204. Payment Permitted if No Default. 
  
 Nothing contained in this Article, elsewhere in this Indenture or in any of
the Notes shall prevent the Company, at any time except during the pendency of any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Company
referred to in Section 1202 or under the conditions described in Section 1203, from making payments at any time of principal of, premium, if any, or interest on the Notes. 
  
 Section 1205. Subrogation to Rights of Holders of Senior Indebtedness. 
  
 After the payment in full, the Holders of the Notes shall be subrogated to
the rights of the holders of such Senior Indebtedness to receive payments and distributions of cash, property and securities applicable to the Senior Indebtedness until the principal of, premium, if any, and interest on, the Notes shall be paid in
full. For purposes of such subrogation, no payments or distributions to the holders of Senior Indebtedness of any cash, property or securities to which the Holders of the Notes or the Trustee would be entitled except for the provisions of this
Article, and no payments over pursuant to the provisions of this Article to the holders of Senior Indebtedness by Holders of the Notes or the Trustee, shall, as among the Company, its creditors other than holders of Senior Indebtedness, and the
Holders of the Notes, be deemed to be a payment or distribution by the Company to or on account of the Senior Indebtedness. 
  
 Section 1206. Provisions Solely to Define Relative Rights. 
  
 The provisions of this Article are intended solely for the purpose of defining the relative rights of the Holders of the
Notes on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Notes is intended to or shall (a) impair, as among the Company, its creditors other than
holders of Senior Indebtedness and the Holders of the Notes, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Notes the principal of, premium, if any, and interest on, the Notes as and when the same
shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company or the Holders of the Notes and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the
Trustee or the Holder of any Note from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness (1) in any case,
proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshaling of assets and liabilities of the Company referred to in Section 1202, to receive, pursuant to and in accordance with such
Section 1202, cash, property and securities otherwise payable or deliverable to the Trustee or such Holder, or (2) under the conditions specified in Section 1303, to prevent any payment prohibited by such Section 1303 or enforce
their rights pursuant to Section 1303(d). 
  

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 Section 1207. Trustee to Effectuate Subordination. 
  
 Each Holder of a Note by his acceptance thereof authorizes and directs the
Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article and appoints the Trustee his attorney-in-fact for any and all such purposes, including, in the event of any
dissolution, winding-up, liquidation or reorganization of the Company whether in bankruptcy, insolvency, receivership proceedings, or otherwise, the timely filing of a claim for the unpaid balance of the indebtedness of the Company owing to such
Holder in the form required in such proceedings and the causing of such claim to be approved. 
  
 Section 1208. No Waiver of Subordination Provisions. 
  
 (a) No right of any present or future holder of any Senior Indebtedness to enforce subordination as herein provided shall at any time in any way be
prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms, provisions and covenants of this Indenture,
regardless of any knowledge thereof any such holder may have or be otherwise charged with. 
  
 (b) Without limiting the generality of subsection (a) of this Section 1208, the holders of Senior Indebtedness may, at any time and from time to time, without the consent of or notice to the Trustee or the
Holders of the Notes, without incurring responsibility to the Holders of the Notes and without impairing or releasing the subordination provided in this Article or the obligations hereunder of the Holders of the Notes to the holders of Senior
Indebtedness, do any one or more of the following: (1) change the manner, place or terms of payment or extend the time of payment of, or renew or alter, Senior Indebtedness or any instrument evidencing the same or any agreement under which
Senior Indebtedness is outstanding; (2) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Indebtedness; (3) release any Person liable in any manner for the collection or payment of
Senior Indebtedness; and (4) exercise or refrain from exercising any rights against the Company and any other Person; provided, however, that in no event shall any such actions limit the right of the Holders of the Notes to take any
action to accelerate the Maturity of the Notes pursuant to Article Five of this Indenture or to pursue any rights or remedies hereunder or under applicable laws if the taking of such action does not otherwise violate the terms of this Article.

  
 Section 1209. Notice to Trustee. 
  
 (a) The Company shall give prompt written notice to the Trustee of any fact
known to the Company, which would prohibit the making of any payment to or by the Trustee in respect of the Notes. Notwithstanding the provisions of this Article or any other provision of this Indenture, the Trustee shall not be charged with
knowledge of the existence of any facts, which would prohibit the making of any payment to or by the Trustee in respect of the Notes, unless and until the Trustee shall have received written notice thereof from the Company or a holder of Senior
Indebtedness or from a Senior Representative or any trustee, fiduciary or agent therefor; and, prior to the receipt of any such written notice, the Trustee shall be entitled in all respects to assume that no such facts exist; provided,
however, that if the Trustee shall not have received the notice provided for in this Section 1209 by noon, New York City time, on the Business Day prior to the date upon which by the terms hereof any money may become payable for any purpose

  

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 (including, without limitation, the payment of the principal of, premium, if any, or interest on any Note), then,
anything herein contained to the contrary notwithstanding, but without limiting the rights and remedies of the holders of Senior Indebtedness, a Senior Representative or any trustee, fiduciary or agent thereof, the Trustee shall have full power and
authority to receive such money and to apply the same to the purpose for which such money was received and shall not be affected by any notice to the contrary, which may be received by it after such date; nor shall the Trustee be charged with
knowledge of the curing of any such default or the elimination of the act or condition preventing any such payment unless and until the Trustee shall have received an Officers’ Certificate to such effect. 
  
 (b) The Trustee shall be entitled to rely on the delivery to it of a written
notice to the Trustee and the Company by a Person representing himself to be a Senior Representative or a holder of Senior Indebtedness (or a trustee, fiduciary or agent therefor) to establish that such notice has been given by a Senior
Representative or a holder of Senior Indebtedness (or a trustee, fiduciary or agent therefor); provided, however, that failure to give such notice to the Company shall not affect in any way the ability of the Trustee to rely on such notice.
In the event that the Trustee determines in good faith that further evidence is required with respect to the right of any Person as a holder of Senior Indebtedness to participate in any payment or distribution pursuant to this Article, the Trustee
may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and any
other facts pertinent to the rights of such Person under this Article, and if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment.

  
 Section 1210. Reliance on Judicial Orders or
Certificates. 
  
 Upon any payment or distribution of assets
of the Company referred to in this Article, the Trustee and the Holders of the Notes shall be entitled to rely upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation,
reorganization, dissolution, winding up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee for the benefit of creditors, agent or other person making such
payment or distribution, or a certificate of a Senior Representative, delivered to the Trustee or to the Holders of Notes for the purpose of ascertaining the Persons entitled to participate in such payment or distribution, the holders of Senior
Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article; provided that the foregoing shall apply
only if such court has been fully apprised of the provisions of this Article. 
  
 Section 1211. Rights of Trustee as a Holder of Senior Indebtedness; Preservation of Trustee’s Rights. 
  
 The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any Senior Indebtedness, which may at
any time be held by it, to the same extent as any other holder of Senior Indebtedness, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. Nothing in this Article shall apply to claims of, or payments to, the
Trustee under or pursuant to Section 607. 
  

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 Section 1212. Article Applicable to Paying Agents. 
  
 In case at any time any Paying Agent other than the Trustee shall have been
appointed by the Company and be then acting under this Indenture, the term “Trustee” as used in this Article shall in such case (unless the context otherwise requires) be construed as extending to and including such Paying Agent
within its meaning as fully for all intents and purposes as if such Paying Agent were named in this Article in addition to or in place of the Trustee; provided, however, that Section 1211 shall not apply to the Company or any Affiliate
of the Company if it or such Affiliate acts as Paying Agent. 
  
 Section 1213. No Suspension of Remedies. 
  
 Nothing contained in this Article shall limit the right of the Trustee or the Holders of Notes to take any action to accelerate the Maturity of the Notes pursuant to Article Five of this Indenture or to pursue any rights or remedies
hereunder or under applicable law, subject to the rights, if any, under this Article of the holders, from time to time, of Senior Indebtedness to receive the cash, property or securities receivable upon the exercise of such rights or remedies.

  
 Section 1214. Trustee’s Relation to Senior
Indebtedness. 
  
 With respect to the holders of Senior
Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall
be read into this Article against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall in good faith
mistakenly (absent negligence or willful misconduct) pay over or deliver to Holders, the Company or any other Person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article or otherwise. 
  
 SECTION 2.19. Application of the Article of the Indenture Regarding
Subsidiary Guarantee. 
  
 The provisions of Article Thirteen
of the Base Indenture shall not apply to the Notes, and the Notes shall not be deemed guaranteed by any Guarantor. 
  
 SECTION 2.20. Application of the Article of the Indenture Regarding Defeasance and Covenant Defeasance. 
  
 The provisions of Article Fifteen of the Base Indenture shall not apply to
the Notes. 
  

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 SECTION 2.21. Applicability of the Article of the Indenture Regarding Sinking Funds. 

 
 The provisions of Article Sixteen of the Base Indenture shall not apply
to the Notes. 
  
 SECTION 2.22. Conversion. 
  
 Except as may be provided in a Future Supplemental Indenture, with respect
to the Notes and no other class or series of Securities issued pursuant to the Indenture, a new Article Seventeen shall be added to the Indenture as follows: 
  
 ARTICLE SEVENTEEN 
  
 CONVERSION OF THE NOTES 
  
 Section 1701. Conversion Privilege. 
  
 (a) Subject to and upon compliance with the provisions of this Article Seventeen, a Holder of a Note shall have the right, at such Holder’s option, to convert all or any portion (if the portion to be converted is
$1,000 principal amount or an integral multiple thereof) of such Note prior to the close of business on the Business Day immediately preceding Stated Maturity into cash and shares of Class A Common Stock, if any, at the Conversion Rate (the
“Conversion Obligation”) in effect on the date of conversion only as follows: 
  

	 	(1)	prior to October 31, 2010, during the five Business Days after any five consecutive Trading Day period in which the Trading Price per $1,000 original principal amount of the
Notes (as determined following a request by a Noteholder in accordance with the procedures described below) was less than 103% of the product of the Last Reported Sale Price of the Class A Common Stock and the current Conversion Rate of the
Notes for such Trading Day; 

  

	 	(2)	at any time prior to the close of business on the second Business Day immediately preceding the Redemption Date, if the Company has called the Notes for redemption pursuant to
Article Eleven hereof, even if the Notes are not otherwise convertible at that time; or 

  

	 	(3)	as provided in clause (b) of this Section 1701. 

  
 The Company or, at its option, the Conversion Agent on behalf of the Company, shall determine during the time period specified in Section 1701(a)(1),
following a request by a Noteholder in accordance with the procedures described below, whether the Notes shall be convertible as a result of the occurrence of an event specified in Section 1701(a)(1) and, if the Notes shall be so convertible,
the Company or the Conversion Agent, as applicable, shall promptly deliver to the Trustee and Conversion Agent or the Company, as applicable, written notice thereof. Whenever the Notes shall become convertible pursuant to this Section 1701 (as
determined in accordance with this Section 1701), the Company or, at the Company’s request, the Trustee in the name and at the expense of the Company, shall promptly notify the Holders of 
  

 -63- 

 the event triggering such convertibility in the manner provided in Section 106, and the Company shall also promptly
disseminate a press release through Dow Jones & Company, Inc. or Bloomberg Business News or any successors to those businesses and publish such information on the Company’s Website or through another public medium the Company may use
at that time. Any notice so given shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice. 
  
 The Trustee shall have no obligation to determine the Trading Price of the Notes unless the Company has requested such determination; and the Company
shall have no obligation to make such request unless a Noteholder delivers written notice to the Company at the address or telecopier number set forth in Section 105 stating that such Noteholder is requesting that the Trustee make such
determination as set forth in Section 1701(a)(1), with such notice being accompanied with reasonable evidence that (x) the Person is a Noteholder as of the date the notice is delivered and (y) the Trading Price per $1,000 original
principal amount of Notes would be less than 103% of the product of the Last Reported Sale Price of the Class A Common Stock and the Conversion Rate of the Notes. At such time, the Company will be required to instruct the Trustee to determine
the Trading Price of the Notes beginning on the next Trading Day and on each successive Trading Day until the Trading Price per $1,000 original principal amount of Notes is greater than or equal to 103% of the product of the Last Reported Sale Price
of the Class A Common Stock and the Conversion Rate of the Notes. If at any point after the Trading Price condition has been met, the Trading Price per $1,000 original principal amount of Notes is greater than 103% of the product of the Last
Reported Sale Price of the Class A Common Stock and the Conversion Rate for such day, the Company shall notify Holders of the Notes. 
  
 The Trustee shall be entitled at its sole discretion to consult with the Company and to request the assistance of the Company in connection with the
Trustee’s duties and obligations pursuant to Section 1701(a) hereof, and the Company agrees, if requested by the Trustee, to cooperate with, and provide assistance to, the Trustee in carrying out its duties under this Section 1701;
provided, however, that nothing herein shall be construed to relieve the Trustee of its duties pursuant to Section 1701(a) hereof. 
  
 (b) In the event that: 
  
 (1) (A) the Company distributes to all holders of Class A Common Stock rights or warrants entitling them to purchase, for a
period expiring within 60 days after the date of such distribution, Class A Common Stock at less than the Last Reported Sale Price of the Class A Common Stock on the Trading Day immediately preceding the announcement date for such
distribution; or (B) the Company distributes to all Holders of Class A Common Stock assets (including cash), debt securities or rights, warrants or options to purchase the Company’s securities, which distribution has a per share value
as determined by the Board of Directors exceeding 10% of the Last Reported Sale Price of the Class A Common Stock on the Trading Day immediately preceding the announcement date of such distribution, then, in either case, the Notes may be
surrendered for conversion at any time on and after the date that the Company gives notice to the Holders of such distribution, which shall be not less than 20 Business Days prior to the Ex-Dividend Date for such distribution, until the earlier of
the close of 
  

 -64- 

 business on the Business Day immediately preceding the Ex-Dividend Date or the date the Company announces
that such distribution shall not take place, even if the Notes are not otherwise convertible at such time; provided that no Holder of a Note shall have the right to convert if the Holder may otherwise participate in such distribution without
conversion in respect of Notes held by such Holder; or 
  
 (2) a Change of Control occurs pursuant to clause (a), clause (c), clause (d) or clause (e) of the definition thereof, then the Notes may be surrendered for conversion at any time from and after the date which is 15 days prior to
the anticipated effective date of such transaction until and including the date which is 15 days after the actual effective date of such transaction (or, if such transaction also constitutes a Change of Control pursuant to which Holders have a right
to require the Company to repurchase the Notes pursuant to Section 1110, until the applicable Fundamental Change Repurchase Date). The Company shall notify Holders at the time the Company publicly announces the Change of Control transaction
giving rise to the above-conversion right (but in no event less than 15 days prior to the anticipated effective date of such transaction). If the Company engages in any reclassification of the Class A Common Stock (other than a subdivision or
combination of its outstanding Class A Common Stock, or a change in par value, or from par value to no par value, or from no par value to par value) or is party to a consolidation, merger, binding share exchange or transfer of all or
substantially all of its assets pursuant to which Holders of Class A Common Stock would be entitled to receive cash, securities or other property, then at the effective time of such transaction, to the extent that it constitutes a Change of
Control as described in this paragraph as giving rise to a conversion right, the Conversion Obligation and the Conversion Settlement Distribution shall be based on the applicable Conversion Rate and the kind and amount of cash, securities or other
property that a holder of one share of the Class A Common Stock would have received in such transaction (such property, collectively, the “Exchange Property”). In addition, if a Holder converts Notes following the effective
time of any such transaction, any amounts of the Conversion Settlement Distribution to be settled in shares of Class A Common Stock shall be paid in such Exchange Property rather than shares of Class A Common Stock. If the transaction also
constitutes a Change of Control, (A) a Holder can require the Company to repurchase all or a portion of its Notes pursuant to Section 1110 or, (B) if such Holder elects, instead, to convert all or a portion of its Notes, such Holder
shall receive Additional Shares upon conversion pursuant to Section 1701(c), in each case, subject to the terms and conditions set forth in Section 1701(c). 
  
 (c) If and only to the extent a Holder timely elects to convert Notes during the period specified in
Section 1701(b)(2) above on or prior to November 30, 2010, and 10% or more of the consideration for the Class A Common Stock in the corporate transaction consists of consideration other than common stock traded or scheduled to be
traded immediately following such transaction on a U.S. national securities exchange or the Nasdaq National Market, the Conversion Rate for the Notes surrendered for conversion shall be increased by an additional number of shares of Class A
Common Stock (the “Additional Shares”) as described below; provided that if the Stock Price paid in connection with such transaction is greater than $80.00 or less than $19.79 (subject in each case to adjustment as described
below), no Additional Shares shall be added to the 
  

 -65- 

 Conversion Rate. Notwithstanding this Section 1701(c), if the Company elects to adjust the
Conversion Rate pursuant to Section 1701(d), the provisions of Section 1701(d) shall apply in lieu of the provisions of this Section 1701(c). The Company shall notify Holders, at least 20 days prior to the anticipated effective date
of such corporate transaction causing any increase of the Conversion Rate pursuant to this Section 1701(c), whether the Company elects to increase the Conversion Rate as described above or to adjust the Conversion Rate pursuant to
Section 1701(d). 
  
 The number of Additional Shares to be
added to the Conversion Rate as described in the immediately preceding paragraph shall be determined by reference to the table attached as Schedule I hereto, based on the effective date of such Change of Control transaction and the Stock Price paid
per share of Class A Common Stock in connection with such transaction; provided that if the Stock Price is between two Stock Price amounts in the table or such effective date is between two effective dates in the table, the number of
Additional Shares shall be determined by a straight-line interpolation between the number of Additional Shares set forth for the higher and lower Stock Price amounts and the two dates, as applicable, based on a 365/366-day year. The
“effective date” with respect to a Change of Control transaction means the date that a Change of Control becomes effective. 
  
 With respect to any Notes tendered for conversion to which Additional Shares apply, any shares of Class A Common Stock to be delivered upon
conversion of such Notes pursuant to Section 1702 shall be delivered to Holders who elect to convert their Notes on the later of (i) the fifth Business Day following the effective date and (2) the third Business Day following the
final day of the Cash Settlement Averaging Period. 
  
 The Stock
Prices set forth in the first row of the table in Schedule I hereto shall be adjusted as of any date on which the Conversion Rate of the Notes is adjusted pursuant to Section 1704. The adjusted Stock Prices shall equal the Stock Prices
applicable immediately prior to such adjustment multiplied by a fraction, the numerator of which is the Conversion Rate immediately prior to the adjustment giving rise to the Stock Price adjustment and the denominator of which is the Conversion Rate
as so adjusted. The number of Additional Shares shall be adjusted consistent with the procedures for adjusting the Conversion Rate as set forth in Section 1704. Notwithstanding anything to the contrary herein, the maximum amount of Additional
Shares is 9.1121 per $1,000 principal amount of Notes, subject to adjustments consistent with the procedures for adjusting the Conversion Rate as set forth in Section 1704. 
  
 Notwithstanding the foregoing, in no event shall the total number of shares of Class A Common Stock issuable upon
conversion of the Notes exceed 50.5305 per $1,000 principal amount of Notes, subject to adjustments consistent with the procedures for adjusting the Conversion Rate as set forth in Section 1704. 
  
 (d) Notwithstanding the provisions of Section 1701(c), in the case of a
Change of Control that would lead to the issuance of Additional Shares as set forth in clause (c) above that is also a Public Acquirer Change of Control, the Company may, at its option and in lieu of increasing the Conversion Rate by Additional
Shares as described in Section 1701(c), elect to adjust the Conversion Rate and the related Conversion Obligation such that from and after the effective date of such Public Acquirer Change of Control, Holders of Notes shall be entitled to
convert 
  

 -66- 

 their Notes (subject to the satisfaction of the conditions to conversion set forth in Section 1701(a)) into a number
of shares of Public Acquirer Common Stock. The Conversion Rate following the effective date of such transaction will be a number of shares of Public Acquirer Common Stock equal to the product of the Conversion Rate in effect immediately before the
Public Acquirer Change of Control, times the average of the quotients obtained, for each Trading Day in the 20 consecutive Trading Day period ending on the Trading Day immediately preceding the effective date of such Public Acquirer Change of
Control (the “Valuation Period”), of: 
  

	 	(i)	the Acquisition Value of the Company’s Class A Common Stock on each such Trading Day in the Valuation Period, divided by 

  

	 	(ii)	the Last Reported Sale Price of the Public Acquirer Common Stock on each such Trading Day in the Valuation Period. 

  
 The “Acquisition Value” of the Class A Common Stock
means, for each Trading Day in the Valuation Period, the value of the consideration paid per share of Class A Common Stock in connection with such Public Acquirer Change of Control, as follows: 
  

	 	(i)	for any cash, 100% of the face amount of such cash; 

  

	 	(ii)	for any Public Acquirer Common Stock, 100% of the Last Reported Sale Price of such Public Acquirer Common Stock on such Trading Day; and 

  

	 	(iii)	for any other securities, assets or property, 100% of the fair market value of such security, asset or property on such Trading Day, as determined by two independent nationally
recognized investment banks selected by the Company for this purpose. 

  
 “Public Acquirer Change of Control” means a Change of Control pursuant to clause (a), (c) or (d) of the definition thereof set forth above and the acquirer, the Person formed by or surviving
the merger or consolidation or any entity that is a direct or indirect “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of more than 50% of such Person’s or Acquirer’s Voting Stock has a class of common stock
traded on a U.S. national securities exchange or quoted on the Nasdaq National Market or which shall be so traded or quoted when issued or exchanged in connection with such Change of Control (the “Public Acquirer Common Stock”);
provided that if there is more than one of such entity, the relevant entity shall be such entity with the most direct beneficial ownership to such acquirer’s or Person’s Capital Stock. 
  
 Upon a Public Acquirer Change of Control, if the Company so elects, Holders
may convert their Notes (subject to the satisfaction of the conditions to conversion set forth in Section 1701(a)) at the adjusted Conversion Rate described above, but shall not be entitled to the increased Conversion Rate described in
Section 1701(c). The Company shall notify Holders of its election in its notice to Holders pursuant to Section 1701(b)(2) above. Holders may convert their Notes upon a Public Acquirer Change of Control during the period specified in
Section 1701(b)(2). In addition, Holders can also, subject to certain conditions, require the Company to repurchase all or a portion of their Notes as described in Section 1110. 
  

 -67- 

 After any adjustment of the Conversion Rate in connection with a Public Acquirer Change of Control, the
Conversion Rate shall be subject to further similar adjustments in the event that any of the events described in Section 1704 occur thereafter. 
  
 (e) In addition, on or after October 31, 2010, to (and including) the close of business on the Business Day immediately preceding November 30,
2015, Holders may convert the Notes into cash and shares of Class A Common Stock, regardless of the foregoing circumstances described in 1701(a) – (d). 
  
 Section 1702. Conversion Procedure; Conversion Rate; Fractional Shares. 
  
 (a) Subject to Section 1701 and the Company’s rights under
Section 1703, each Note shall be convertible at the office of the Conversion Agent into a combination of cash and fully paid and nonassessable shares (calculated to the nearest 1/100th of a share) of Class A Common Stock, if any, at a rate
(the “Conversion Rate”) equal to, initially, 41.4185 shares of Class A Common Stock for each $1,000 principal amount of Notes. The Conversion Rate shall be adjusted in certain instances as provided in Section 1704 hereof,
but shall not be adjusted for any accrued and unpaid Interest, if any. Upon conversion, no payment shall be made by the Company with respect to any accrued and unpaid Interest, if any; provided that if a Conversion Date with respect to any
Note occurs between an Interest Record Date for the payment of Interest, but prior to the corresponding Interest Payment Date, Interest will be paid to the Holder of record of such Note on such Interest Record Date. Instead, unless otherwise
specified in the proviso to the prior sentence, such amount shall be deemed paid by the applicable Conversion Settlement Distribution delivered upon conversion of any Note. In addition, no payment or adjustment shall be made in respect of dividends
on the Class A Common Stock with a record date prior to the Conversion Date. The Company shall not issue any fraction of a share of Class A Common Stock in connection with any conversion of Notes, but instead shall, subject to
Section 1703 hereof, make a cash payment (calculated to the nearest cent) equal to such fraction multiplied by the Last Reported Sale Price of the Class A Common Stock on the Trading Day prior to the Conversion Date. 
  
 (b) Before any Holder of a Note shall be entitled to convert the same into a
combination of cash and Class A Common Stock, if any, such Holder shall (1) in the case of Global Notes, comply with the procedures of the Depositary in effect at that time for converting a beneficial interest in a Global Note, and in the
case of certificated Notes, surrender such Notes, duly endorsed to the Company or in blank, at the office of the Conversion Agent, and (2) give written notice to the Company in the form on the reverse of such certificated Note (the
“Conversion Notice”) at said office or place that such Holder elects to convert the same and shall state in writing therein the principal amount of Notes to be converted and the name or names (with addresses) in which such Holder
wishes the certificate or certificates for Class A Common Stock included in the Conversion Settlement Distribution, if any, to be registered. 
  
 Before any such conversion, a Holder also shall pay all taxes or duties, if any, as provided in Section 1706 and any amount payable pursuant to
Section 1702(g). 
  
 If more than one Note shall be
surrendered for conversion at one time by the same Holder, the number of full shares of Class A Common Stock, if any, that shall be deliverable 
  

 -68- 

 upon conversion as part of the Conversion Settlement Distribution shall be computed on the basis of the aggregate
principal amount of the Notes (or specified portions thereof to the extent permitted thereby) so surrendered. 
  
 (c) A Note shall be deemed to have been converted as of the close of business on the date (the “Conversion Date”) that the Holder has
complied with Section 1702(b). 
  
 (d) The Company shall, on
the Conversion Settlement Date, (i) pay the cash component (including cash in lieu of any fraction of a share to which such Holder would otherwise be entitled) of the Conversion Obligation determined pursuant to Section 1703 to the Holder
of a Note surrendered for conversion, or such Holder’s nominee or nominees, and (ii) issue, or cause to be issued, and delivered to the Conversion Agent or to such Holder, or such Holder’s nominee or nominees, certificates for the
number of full shares of Class A Common Stock, if any, to which such Holder shall be entitled as part of such Conversion Obligation. The Company shall not be required to deliver certificates for shares of Class A Common Stock while the
stock transfer books for such stock or the security register are duly closed for any purpose, but certificates for shares of Class A Common Stock shall be issued and delivered as soon as practicable after the opening of such books or security
register, and the Person or Persons entitled to receive the Class A Common Stock as part of the applicable Conversion Settlement Distribution upon such conversion shall be treated for all purposes as the record holder or holders of such
Class A Common Stock, as of the close of business on the applicable Conversion Settlement Date. 
  
 (e) In case any Note shall be surrendered for partial conversion, the Company shall execute and the Trustee shall authenticate and deliver to or upon the
written order of the Holder of the Note so surrendered, without charge to such Holder (subject to the provisions of Section 1706 hereof), a new Note or Notes in authorized denominations in an aggregate principal amount equal to the unconverted
portion of the surrendered Notes. 
  
 (f) By delivering the
combination of cash and shares of Class A Common Stock, if any, together with a cash payment in lieu of any fractional shares to the Conversion Agent or to the Holder or such Holder’s nominee or nominees, the Company shall have satisfied
in full its Conversion Obligation with respect to such Note, and upon such delivery, accrued and unpaid Interest, if any, with respect to such Note shall be deemed to be paid in full rather than canceled, extinguished or forfeited, and such amounts
shall no longer accrue. 
  
 (g) If a Noteholder delivers a
Conversion Notice after the Interest Record Date for a payment of Interest, but prior to the corresponding Interest Payment Date, such Noteholder must pay to the Company, at the time such Noteholder surrenders Notes for conversion, an amount equal
to the Interest, that has accrued and shall be paid on the related Interest Payment Date. The preceding sentence shall not apply if (1) the Company has specified a Redemption Date that is after an Interest Record Date, but on or prior to the
corresponding Interest Payment Date, (2) the Company has specified a Fundamental Change Repurchase Date during such period referred to in clause (1) of this paragraph or (3) to the extent of any overdue Interest if any overdue
Interest exists at the time of conversion with respect to the Notes converted. 
  

 -69- 

 Section 1703. Payment Upon Conversion. 
  
 (a) Upon conversion of Notes, the Company shall deliver to Holders
surrendering Notes for conversion, for each $1,000 principal amount of Notes, a settlement amount (the “Conversion Settlement Distribution”) on the Conversion Settlement Date consisting of: 
  

	 	(ii)	cash amount (the “Cash Amount”) equal to the lesser of $1,000 and the Conversion Value; and 

  

	 	(iii)	to the extent the Conversion Value exceeds $1,000, a number of shares equal to the sum of, for each day of the 25 Trading Day Cash Settlement Averaging Period, the greater of
(i) zero and (ii) (A) 4% of the difference between (x) the applicable Conversion Rate on such date multiplied by the Daily VWAP of the Class A Common Stock for such day and (y) $1,000, divided by (B) the Daily VWAP
of the Class A Common Stock for such day. 

  
 The “Conversion Value” means the product of (1) the applicable Conversion Rate and (2) the average of the Daily VWAP prices of the Class A Common Stock for the 25 consecutive Trading Days during the Cash
Settlement Averaging Period. 
  
 The “Cash Settlement
Averaging Period” with respect to any Note means the 25 consecutive Trading Day period beginning on the second Trading Day after the Noteholder delivers its Conversion Notice to the Conversion Agent, except that with respect to any notice
of conversion received after the date of issuance of a notice of redemption under Section 1101, the “Cash Settlement Averaging Period” means the 25 consecutive Trading Day period beginning on the first Trading Day following the
applicable Redemption Date. 
  
 The “Daily VWAP”
for the Class A Common Stock means, for each of the 25 consecutive Trading Days during the Cash Settlement Averaging Period, the per share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page
SAH <equity> [AQR] (or any successor thereto) in respect of the period from 9:30 a.m. to 4:00 p.m. (New York City time) on such Trading Day (or if such volume-weighted average price is unavailable, the market value of one share of the
Class A Common Stock on such Trading Day as the Board of Directors determines in good faith using a volume-weighted method). 
  
 For the purposes of this Section 1703, “Market Disruption Event” means (i) a failure by the Exchange to open for trading during
its regular trading session or (ii) the occurrence or existence prior to 1:00 p.m. on any trading day for the Class A Common Stock of an aggregate one-half hour period, of any suspension or limitation imposed on trading (by reason of
movements in price exceeding limits permitted by the stock exchange or otherwise) in the Class A Common Stock or in any options, contracts or future contracts relating to the Class A Common Stock. 
  
 The Company shall not issue fractional shares of Class A Common Stock
upon conversion of the Notes. Instead, the Company shall pay the cash value of such fractional shares based upon the Last Reported Sale Price of the Class A Common Stock on the Trading Day immediately preceding the Conversion Date. 

 

 -70- 

 (b) If a Holder tenders Notes for conversion and the Conversion Value is being determined at a time when
the Notes are convertible into Exchange Property, the Conversion Value of each Note shall be determined based on the kind and amount of such Exchange Property and the value thereof during the Cash Settlement Averaging Period. Settlement of Notes
tendered for conversion after the effective date of any transaction giving rise to Exchange Property shall be as set forth above. 
  
 Section 1704. Adjustment of Conversion Rate. 
  
 (a) The Conversion Rate shall be adjusted in accordance with this Section 1704, except that the Company shall not make any adjustments to the
Conversion Rate if Holders of the Notes participate, as a result of holding the Notes, in any of the transactions described below without having to convert their Notes. 
  
 (1) If the Company issues shares of Class A Common Stock as a dividend or distribution on shares of Class A Common
Stock, or if the Company effects a share split or share combination, the Conversion Rate shall be adjusted based on the following formula: 
  
 CR’ = CR0
× OS’ 
                       OS0 
  
 where, 
  

			
	 CR0 =
	  	the Conversion Rate in effect immediately prior to such event;
		
	 CR’ =
	  	the Conversion Rate in effect immediately after such event;
		
	 OS0 =
	  	the number of shares of Class A Common Stock outstanding immediately prior to such event; and
		
	 OS’ =
	  	the number of shares of Class A Common Stock outstanding immediately after such event.

  
 Such adjustment shall become effective
immediately after 9:00 a.m., New York City time, on the Business Day following the date fixed for such determination. The Company will not pay any dividend or make any distribution on shares of Class A Common Stock held in treasury by the
Company. If any dividend or distribution of the type described in this Section 1704(a)(1) is declared, but not so paid or made, the Conversion Rate shall again be adjusted to the Conversion Rate that would then be in effect if such dividend or
distribution had not been declared. 
  
 (2) If the Company issues
to all or substantially all holders of Class A Common Stock any rights or warrants entitling them for a period of not more than 60 calendar days to subscribe for or purchase shares of Class A Common Stock, at a price per share less than
the Last Reported Sale Price of the Class A Common Stock on the Business Day immediately preceding the date of announcement of such issuance, the Conversion Rate shall be adjusted based on the following formula (provided that the Conversion
Rate shall be readjusted to the extent that such rights or warrants are not exercised prior to their expiration): 
  
 CR’ = CR0 × OS0 + X 
                         OS0 +Y 
  

 -71- 

 where, 
  

			
	CR0 =	  	the Conversion Rate in effect immediately prior to such event;
		
	CR’ =	  	the Conversion Rate in effect immediately after such event;
		
	OS0 =	  	the number of shares of Class A Common Stock outstanding immediately prior to such event;
		
	X =	  	the total number of shares of Class A Common Stock issuable pursuant to such rights; and
		
	Y =	  	the number of shares of Class A Common Stock equal to the aggregate price payable to exercise such rights divided by the average of the Last Reported Sale Prices of Class A Common Stock over
the ten consecutive days of the Trading Day period ending on the Business Day immediately preceding the Record Date for the issuance of such rights.

  
 Such adjustment shall be successively
made whenever any such rights or warrants are issued and shall become effective immediately after 9:00 a.m., New York City time, on the Business Day following the date fixed for such determination. The Company shall not issue any such rights,
options or warrants in respect of shares of Class A Common Stock held in the treasury by the Company. To the extent that shares of Class A Common Stock are not delivered after the expiration of such rights or warrants, the Conversion Rate
shall be readjusted to the Conversion Rate that would then be in effect had the adjustments made upon the issuance of such rights or warrants been made on the basis of delivery of only the number of shares of Class A Common Stock actually
delivered. If such rights or warrants are not so issued, the Conversion Rate shall again be adjusted to be the Conversion Rate that would then be in effect if such date fixed for the determination of stockholders entitled to receive such rights or
warrants had not been fixed. 
  
 In determining whether any rights
or warrants entitle the holders to subscribe for or purchase shares of Class A Common Stock at less than such Last Reported Sale Price, and in determining the aggregate offering price of such shares of Class A Common Stock, there shall be
taken into account any consideration received by the Company for such rights or warrants and any amount payable on exercise or conversion thereof, the value of such consideration, if other than cash, to be determined by the Board of Directors.

  
 (3) If the Company distributes shares of Capital Stock,
evidences of Indebtedness or other assets or property of the Company to all or substantially all holders of Class A Common Stock, excluding 
  
 (a) dividends or distributions and rights or warrants referred to in clause (1) or (2) above; and 
  

 -72- 

 (b) dividends or distributions paid exclusively in cash; 
  
 then the Conversion Rate shall be adjusted based on the following formula: 
  
 CR’ = CR0 ×         SP0         
                       SP0 – FMV 
  
 where, 
  

			
	CR0 =	  	the Conversion Rate in effect immediately prior to such distribution;
		
	CR’ =	  	the Conversion Rate in effect immediately after such distribution;
		
	SP0 =	  	the average of the Last Reported Sale Prices of Class A Common Stock over the ten consecutive Trading Day period ending on the business day immediately preceding the Record Date for such
distribution (or, if earlier, the “Ex-Date” relating to such distribution); and
		
	FMV =	  	the Fair Market Value (as determined by the Board of Directors) of the shares of Capital Stock, evidences of Indebtedness, assets or property distributed with respect to each outstanding
share of Class A Common Stock on the Record Date for such distribution.

  
 Such adjustment shall become effective
immediately prior to 9:00 a.m., New York City time, on the Business Day following the date fixed for the determination of stockholders entitled to receive such distribution. 
  
 With respect to an adjustment pursuant to this clause (3) where there has been a payment of a dividend or other
distribution on Class A Common Stock or shares of Capital Stock of any class or series, or similar equity interest, of or relating to a Subsidiary or other business unit, which is referred to as a “Spin-Off,” the Conversion
Rate in effect immediately before 5:00 p.m., New York City time, on the Record Date fixed for determination of stockholders entitled to receive the distribution shall be increased based on the following formula: 
  
 CR’ = CR0 × FMV0 + MP0 
                         MP0 
  
 where, 
  

			
	CR0 =	  	the Conversion Rate in effect immediately prior to such distribution;
		
	CR’ =	  	the Conversion Rate in effect immediately after such distribution;
		
	FMV0 =	  	the average of the Last Reported Sale Prices of the Capital Stock or similar equity interest distributed to holders of the Class A Common Stock applicable to one share of the Class A Common
Stock over the first ten consecutive Trading Day period after the effective date of the Spin-Off; and
		
	MP0 =	  	the average of the Last Reported Sale Prices of the Class A Common Stock over the first ten consecutive Trading Day period after the effective date of the Spin-Off.

  

 -73- 

 The adjustment to the Conversion Rate under the preceding paragraph will occur on the tenth Trading Day from, and
including, the effective date of the Spin-Off. 
  
 (4) If any cash
dividend or distribution made to all or substantially all holders of the Class A Common Stock during any quarterly fiscal period is in an aggregate amount that, together with other cash dividends or distributions made during such quarterly
fiscal period (the “Current Dividend Rate”), does not equal $0.12 per share (appropriately adjusted from time to time for any share dividends on, or subdivisions of, common stock) (the “Initial Dividend Rate”), the
Conversion Rate shall be adjusted based on the following formulas: 
  
 (a) if the Current Dividend Rate is greater than the Initial Dividend Rate, the conversion rate shall be increased based on the following formula 
  
 CR’ = CR0 ×     SP0     
                       SP0 – C 
  
 where,

  

			
	CR0 =	  	the Conversion Rate in effect immediately prior to the Record Date for such distribution;
		
	CR’ =	  	the Conversion Rate in effect immediately after the Record Date for such distribution;
		
	SP0 =	  	the Last Reported Sale Price of the Class A Common Stock on the Trading Day immediately preceding the Record Date for such distribution (or, if earlier, the “Ex-Date”
relating to such distribution); and
		
	C =	  	the amount in cash per share the Company distributes to holders of Class A Common Stock in excess of $0.12 (appropriately adjusted from time to time for any share dividends on, or subdivision
of, the Class A Common Stock).

  
 Such adjustment shall become effective
immediately after 5:00 p.m., New York City time, on the record date for such dividend or distribution; provided that if such dividend or distribution is not so paid or made, the Conversion Rate shall again be adjusted to be the Conversion
Rate that would then be in effect if such dividend or distribution had not been declared. 
  
 (b) if the Current Dividend Rate is less than the Initial Dividend Rate, the Conversion Rate shall be decreased based on the following
formula: 
  
 CR’ = CR0 ×     SP0     
                       SP0 + C 
  
 where, 
  

			
	CR0 =	  	the Conversion Rate in effect immediately prior to the Record Date for such distribution;
		
	CR’ =	  	the Conversion Rate in effect immediately after the Record Date for such distribution;

  

 -74- 

			
	SP0 =	  	the Last Reported Sale Price of the Class A Common Stock on the Trading Day immediately preceding the Record Date for such distribution (or, if earlier, the “Ex-Date”
relating to such distribution); and
		
	C =	  	the amount in cash per share the Company distributes to holders of Class A Common Stock that is below $0.12 (appropriately adjusted from time to time for any share dividends on, or
subdivision of, Class A Common Stock).

  
 Such adjustment shall become effective
immediately after 5:00 p.m., New York City time, on the final Business Day of the relevant fiscal quarter. 
  
 (5) (a) If the Company, any of its Subsidiaries or the Smith Holders makes a payment in respect of a tender offer or exchange offer for the
Class A Common Stock, to the extent that the cash and value of any other consideration included in the payment per share of common stock exceeds the Last Reported Sale Price of Class A Common Stock on the Trading Day next succeeding the
last date on which tenders or exchanges may be made pursuant to such tender or exchange offer (the “Expiration Time”), the Conversion Rate shall be increased based on the following formula: 
  
 CR’ = CR0 × AC + (SP’ × OS’) 

                        OS0 × SP’ 
  
 where, 
  

			
	CR0 =	  	the Conversion Rate in effect on the date such tender or exchange offer expires;
		
	CR’ =	  	the Conversion Rate in effect on the day next succeeding the date such tender or exchange offer expires;
		
	AC =	  	the aggregate value of all cash and any other consideration (as determined by the Board of Directors) paid or payable for shares purchased in such tender or exchange offer;
		
	OS0 =	  	the number of shares of Class A Common Stock outstanding immediately prior to the date such tender or exchange offer expires;
		
	OS’ =	  	the number of shares of Class A Common Stock outstanding immediately after the date such tender or exchange offer expires; and
		
	SP’ =	  	the average of the Last Reported Sale Prices of Class A Common Stock over the ten consecutive trading day period commencing on the trading day next succeeding the date such tender or exchange
offer expires.

  
 If the Company is obligated to
purchase shares pursuant to any such tender or exchange offer, but the Company is permanently prevented by applicable law from effecting any such purchases or all such purchases are rescinded, the Conversion Rate shall again be adjusted to be the
Conversion Rate that would then be in effect if such tender or exchange offer had not been made. 
  
 (6) If someone other than the Company or one of its Subsidiaries or the Smith Holders makes a payment in respect of a tender offer or exchange offer for
Class A Common 
  

 -75- 

 Stock, in which, as of the closing date of the offer, the Board of Directors is not recommending rejection of the offer,
the Company shall increase the Conversion Rate based on the following formula: 
  
 CR’ = CR0 × FMV + (OS’ × SP) 
                     OS0× SP 
  
 where, 
  

			
	CR0 =	 	the Conversion Rate in effect the last time tenders or exchanges may have been made pursuant to such tender or exchange offer (the “Offer Expiration Time”);
		
	CR’ =	 	the Conversion Rate in effect immediately following the Offer Expiration Time;
		
	FMV =	 	the Fair Market Value (as determined by the Board of Directors) of the aggregate consideration payable to stockholders based on the acceptance (up to any maximum specified in the terms of the
tender or exchange offer) of all shares validly tendered or exchanged and not withdrawn as of the offer expiration time (the “Accepted Purchase Shares”);
		
	OS’ =	 	the number of shares of Class A Common Stock outstanding (less any Accepted Purchase Shares) as of the Offer Expiration Time;
		
	OS0 =	 	the number of shares of Class A Common Stock outstanding (including any Accepted Purchase Shares) as of the Offer Expiration Time; and
		
	SP =	 	the Last Reported Sale Price of Class A Common Stock on the Trading Day next succeeding the Offer Expiration Time.

  
 The adjustment
referred to in this clause (6) shall only be made if: 
  
 (i) the tender offer or exchange offer is for an amount that increases the offeror’s ownership of Class A Common Stock to more than 25% of the total shares of Class A Common Stock outstanding; and 
  
 (ii) the cash and value of any other consideration included in the payment
per share of Class A Common Stock exceeds the Last Reported Sale Price per share of Class A Common Stock on the Trading Day next succeeding the last date on which tenders or exchanges may be made pursuant to the tender or exchange offer.

  
 Notwithstanding the foregoing, the adjustment referred to in
this clause (6) shall generally not be made if as of the closing of the offer, the offering documents disclose a plan or an intention to cause the Company to engage in a consolidation or merger or a sale of all or substantially all of the
Company’s assets. 
  
 Notwithstanding any of the foregoing
provisions in this Section 1704, if the application of the foregoing formulae other than the formula set forth in clause (4)(b) would result in a decrease in the Conversion Rate, an adjustment to the Conversion Rate shall not be made.

  

 -76- 

 As used in this Section 1704, “Ex-Date” means the first date on which the shares of
Class A Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance or distribution in question. 
  
 (b) In addition to those required by clauses (1) through (6) of this Section 1704, to the extent permitted by
applicable law and the listing requirements of the New York Stock Exchange or any national securities exchange on which the Class A Common Stock is then listed, the Company from time to time may increase the Conversion Rate by any amount for
any period of time if the period is at least twenty (20) days, the increase is irrevocable during the period and the Board of Directors shall have made a determination that such increase would be in the best interests of the Company, which
determination shall be conclusive. Whenever the Conversion Rate is increased pursuant to the preceding sentence, the Company shall mail to Holders of record of the Notes a notice of the increase at least fifteen (15) days prior to the date the
increased Conversion Rate takes effect, and such notice shall state the increased Conversion Rate and the period during which it shall be in effect. 
  
 (c) Notwithstanding any of the foregoing in this Section 1704, no adjustment need be made for: 
  

	 	(i)	the issuance of any shares of Class A Common Stock pursuant to any present or future plan providing for the reinvestment of dividends or interest payable on the Company’s
securities and the investment of additional optional amounts in shares of Class A Common Stock under any plan, 

  

	 	(ii)	the issuance of any shares of Class A Common Stock or options or rights to purchase those shares pursuant to any present or future employee, director or consultant benefit plan
or program of or assumed by the Company or any of its Subsidiaries, 

  

	 	(iii)	the issuance of any shares of Class A Common Stock pursuant to any option, warrant, right or exercisable, exchangeable or convertible security not described in the preceding
clause and outstanding as of the date the Notes were first issued, 

  

	 	(iv)	a change in the par value of the Class A Common Stock, or 

  

	 	(v)	accrued and unpaid interest. 

  
 To the extent the Notes become convertible into cash, assets or property (other than Class A Common Stock or securities to which Section 1705 applies), no adjustment shall be made thereafter as to the cash,
assets or property. Interest shall not accrue on such cash, assets or property. 
  
 (d) All calculations under this Article Seventeen shall be made by the Company and shall be made to the nearest cent or to the nearest one-ten thousandth (1/10,000) of a share, as the case may be, with one-half
cent and 0.005% of a share, respectively, being rounded upward. No adjustment to the Conversion Rate shall be required unless the adjustment requires an increase or 
  

 -77- 

 decrease of at least 1.0% of the Conversion Rate. However, any adjustments, which are not required to be made because
they would have required an increase or decrease of less than 1.0% shall be carried forward and be made on the first to occur of (i) any subsequent adjustment, (ii) the first day of the next calendar year and (iii) upon any conversion
of the Securities. 
  
 (e) Whenever the Conversion Rate is
adjusted as herein provided, the Company shall promptly file with the Trustee and any Conversion Agent (if other than the Trustee) an Officers’ Certificate setting forth the Conversion Rate after such adjustment and setting forth a brief
statement of the facts requiring such adjustment. Unless and until a Responsible Officer of the Trustee shall have received such Officer’s Certificate, the Trustee shall not be deemed to have knowledge of any adjustment of the Conversion Rate
and may assume that the last Conversion Rate of which it has knowledge is still in effect. Promptly after delivery of such certificate, the Company shall prepare a notice of such adjustment of the Conversion Rate setting forth the adjusted
Conversion Rate and the date on which each adjustment becomes effective and shall mail such notice of such adjustment of the Conversion Rate to the Holder of each Note at his last address appearing on the Note Register provided for in
Section 305 of this Indenture, within twenty (20) days after execution thereof. Failure to deliver such notice shall not affect the legality or validity of any such adjustment. 
  
 (f) In any case in which this Section 1704 provides that an adjustment shall become effective immediately after
(1) a record date or Record Date for an event, (2) the date fixed for the determination of stockholders entitled to receive a dividend or distribution pursuant to Section 1704(a)(1), (3) a date fixed for the determination of
stockholders entitled to receive rights, warrants or options pursuant to Section 1704(a)(2), (4) the effective date of any subdivision or combination of Class A Common Stock, (5) the Expiration Time for any tender or exchange
offer pursuant to Section 1704(a)(5), or (6) the Offer Expiration Time for a tender offer or exchange offer pursuant to Section 1704(a)(6) (each a “Determination Date”), the Company may elect to defer until the
occurrence of the relevant Adjustment Event (as hereinafter defined) (x) issuing to the Holder of any Note converted after such Determination Date and before the occurrence of such Adjustment Event, the additional shares of Class A Common
Stock or other securities issuable upon such conversion by reason of the adjustment required by such Adjustment Event over and above the Class A Common Stock issuable upon such conversion before giving effect to such adjustment and
(y) paying to such Holder any amount in cash in lieu of any fraction pursuant to Section 1704(a)(1). For purposes of this Section 1704(f), the term “Adjustment Event” shall mean: 
  

	 	(i)	in any case referred to in clause (1) hereof, the occurrence of such event, 

  

	 	(ii)	in any case referred to in clause (2) hereof, the date any such dividend or distribution is paid or made, 

  

	 	(iii)	in any case referred to in clause (3) hereof, the date of expiration of such rights, warrants or options, 

  

	 	(iv)	in any case referred to in clause (4) hereof, the date of such subdivision or combination, and 

  

 -78- 

	 	(v)	in any case referred to in clause (5) or clause (6) hereof, the date a sale or exchange of Class A Common Stock pursuant to such tender or exchange offer is
consummated and becomes irrevocable. 

  
 (g) For
purposes of this Section 1704, the number of shares of Class A Common Stock at any time outstanding shall not include shares held in the treasury of the Company, but shall include shares issuable in respect of scrip certificates issued in
lieu of fractions of shares of Class A Common Stock. The Company shall not pay any dividend or make any distribution on shares of Class A Common Stock held in the treasury of the Company. 
  
 Section 1705. Effect of Reclassification, Consolidation, Merger or
Sale. 
  
 (a) If any of the following events (which are
subject to Section 801) occur, namely (i) any reclassification or change of the outstanding shares of Class A Common Stock (other than a subdivision or combination to which Section 1704(a)(1) applies or a change in par value),
(ii) any consolidation, merger or combination of the Company with another Person, or (iii) any sale or conveyance of all or substantially all the properties and assets of the Company to any other Person, in each case, as a result of which
holders of Class A Common Stock shall be entitled to receive Exchange Property with respect to or in exchange for such Class A Common Stock, then the Company or the successor or purchasing Person, as the case may be, shall execute with the
Trustee a supplemental indenture (which shall comply with the Trust Indenture Act as in force at the date of execution of such supplemental indenture) providing for the conversion and settlement of the Notes for Exchange Property as set forth in
this Indenture. Such supplemental indenture shall provide for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in this Article Seventeen. If, in the case of any such reclassification, change,
merger, consolidation, combination, sale or conveyance, the Exchange Property receivable thereupon by a holder of Class A Common Stock includes shares of stock or other securities and assets of a corporation other than the successor or
purchasing corporation, as the case may be, in such reclassification, change, merger, consolidation, combination, sale or conveyance, then such supplemental indenture shall also be executed by such other corporation and shall contain such additional
provisions to protect the interests of the Holders of the Notes as the Board of Directors shall reasonably consider necessary by reason of the foregoing. 
  
 (b) In the event holders of Class A Common Stock would have the opportunity to elect the form of consideration to be received in such transaction
described in Section 1705 above, the Company shall make adequate provision whereby the Holders of the Notes as a single class shall be provided the opportunity to be able to elect, as a single class, from the same forms of consideration into
which the Notes shall be convertible from and after the effective date of such transaction. Such determination shall be in accordance with Section 104, unless otherwise specified herein, and shall be subject to any limitations to which all of
the holders of the Class A Common Stock are subject, such as pro-rata reductions applicable to any portion of the consideration payable in such event and shall be conducted in such a manner as to be completed by the date which is the earliest
of (a) the deadline for elections to be made by holders of the Class A Common Stock in connection with such transaction, and (b) two Trading Days prior to the anticipated effective date of such event. The Company shall provide notice
of the opportunity to determine the form of such consideration, as well as notice of the determination made by 
  

 -79- 

 Holders of the Notes by issuing a press release and providing a copy of such notice to the Trustee. The Company shall not
become a party to any such transaction unless its terms are consistent with the preceding. If the transaction also constitutes a Change of Control, (A) a Holder can require the Company to repurchase all or a portion of its Securities pursuant
to Section 1110 or, (B) if such Holder elects, instead, to convert all or a portion of its Notes, such Holder will receive Additional Shares upon conversion pursuant to Section 1701(c), in each case, subject to the terms and
conditions set forth in each such Section. 
  
 (c) The Conversion
Obligation with respect to each $1,000 principal amount of Notes converted following the effective date of any such transaction, shall be calculated (as provided in clause (d) below) based on the Exchange Property assuming such holder of
Class A Common Stock did not exercise his rights of election, if any, as to the kind or amount of Exchange Property receivable upon such consolidation, merger, binding share exchange, sale or conveyance (provided that, if the Exchange
Property receivable upon such consolidation, merger, binding share exchange, sale or conveyance is not the same for each share of Class A Common Stock in respect of which such rights of election shall not have been exercised
(“Non-Electing Share”), then for the purposes of this Section 1705 the Exchange Property receivable upon such consolidation, merger, binding share exchange, sale or conveyance for each Non-Electing Share shall be deemed to be
the kind and amount so receivable per share by a plurality of the Non-Electing Shares). 
  
 (d) The Conversion Obligation in respect of any Notes converted following the effective date of any such transaction shall be computed in the same manner as set forth in Section 1703(a) and, if the Notes become
convertible into Exchange Property, Section 1703(b); provided that any amount of the Conversion Settlement Distribution to be delivered in shares of Class A Common Stock shall be paid in Exchange Property rather than shares of
Class A Common Stock. If the foregoing calculations would require the Company to deliver a fractional share or unit of Exchange Property to a Holder of Notes being converted, the Company shall deliver cash in lieu of such fractional share or
unit based on the value of the Exchange Property. 
  
 (e) The
Company shall cause notice of the execution of such supplemental indenture to be mailed to each Holder of Notes, at its address appearing on the Note Register provided for in Section 305 of this Indenture, within twenty (20) days after
execution thereof. Failure to deliver such notice shall not affect the legality or validity of such supplemental indenture. 
  
 (f) The above provisions of this Section 1705 shall similarly apply to successive reclassifications, changes, consolidations, mergers, binding share
exchanges, combinations, sales and conveyances. If this Section 1705 applies to any event or occurrence, Section 1704 shall not apply. 
  
 Section 1706. Taxes on Shares Issued. 
  
 The issue of stock certificates on conversions of Notes shall be made without charge to the converting Holder for any documentary, stamp or similar issue
or transfer tax in respect of the issue thereof, except for applicable withholding, if any. The Company shall not, however, be required to pay any tax or duty which may be payable in respect of any transfer 
  

 -80- 

 involved in the issue and delivery of stock in any name other than that of the Holder of any Notes converted, and the
Company shall not be required to issue or deliver any such stock certificate unless and until the Person or Persons requesting the issue thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of
the Company that such tax has been paid. 
  
 Section 1707.
Reservation of Shares, Shares to Be Fully Paid; Compliance with Governmental Requirements; Listing of Class A Common Stock. 
  
 (a) The Company shall provide, free from preemptive rights, out of its authorized, but unissued shares or shares held in treasury, sufficient shares of
Class A Common Stock for the conversion of the Notes from time to time as such Notes are presented for conversion. 
  
 (b) Before taking any action, which would cause an adjustment increasing the Conversion Rate to an amount that would cause the Conversion Price to be
reduced below the then par value, if any, of the shares of Class A Common Stock issuable upon conversion of the Notes, the Company shall take all corporate action which may, in the opinion of its counsel, be necessary in order that the Company
may validly and legally issue shares of such Class A Common Stock at such adjusted Conversion Rate. 
  
 (c)(i) The Company covenants that all shares of Class A Common Stock, which may be issued upon conversion of Notes shall upon issue be fully paid and
nonassessable by the Company and free from all taxes, liens and charges with respect to the issue thereof. 
  
 (ii) The Company covenants that, if any shares of Class A Common Stock to be provided for the purpose of conversion of Notes hereunder require
registration with or approval of any governmental authority under any federal or state law before such shares may be validly issued upon conversion, the Company shall in good faith and as expeditiously as possible, to the extent then permitted by
the rules and interpretations of the Commission (or any successor thereto), endeavor to secure such registration or approval, as the case may be. 
  
 Section 1708. Responsibility of Trustee. 
  
 The Trustee and any other Conversion Agent shall not at any time be under any duty or responsibility to any Holder of Notes to determine the Conversion
Rate or whether any facts exist, which may require any adjustment of the Conversion Rate, or with respect to the nature or extent or calculation of any such adjustment when made, or with respect to the method employed, or herein or in any
supplemental indenture provided to be employed, in making the same. The Trustee and any other Conversion Agent shall not be accountable with respect to the validity or value (or the kind or amount) of any shares of Class A Common Stock, or of
any securities or property, which may at any time be issued or delivered upon the conversion of any Note; and the Trustee and any other Conversion Agent make no representations with respect thereto. Neither the Trustee nor any Conversion Agent shall
be responsible for any failure of the Company to issue, transfer or deliver any shares of Class A Common Stock or stock certificates or other securities or property or cash upon the surrender of any Note for the purpose of conversion or to
comply with any of the duties, responsibilities or covenants of the Company contained in this Article Seventeen. Without limiting the generality of the foregoing, neither the 
  

 -81- 

 Trustee nor any Conversion Agent shall be under any responsibility to determine the correctness of any provisions
contained in any supplemental indenture entered into pursuant to Section 1705 relating either to the kind or amount of shares of stock or securities or property (including cash) receivable by Holders upon the conversion of their Notes after any
event referred to in such Section 1705 or to any adjustment to be made with respect thereto, but, subject to the provisions of Section 601, may accept as conclusive evidence of the correctness of any such provisions, and shall be protected
in conclusively relying upon the Officer’s Certificate (which the Company shall be obligated to file with the Trustee prior to the execution of any such supplemental indenture) with respect thereto. 
  
 Section 1709. Notice to Holders Prior to Certain Actions.

  
 In case: 
  
 (a) the Company shall declare a dividend (or any other
distribution) on its Class A Common Stock that would require an adjustment in the Conversion Rate pursuant to Section 1704; or 
  
 (b) the Company shall authorize the granting to the holders of all of its Class A Common Stock of rights, warrants or options to
subscribe for or purchase any share of any class or any other rights, warrants or options that would require an adjustment in the Conversion Rate pursuant to Section 1704(a)(2); or 
  
 (c) of any reclassification or reorganization of the Class A Common Stock of the Company (other than a
subdivision or combination of its outstanding Class A Common Stock, or a change in par value, or from par value to no par value, or from no par value to par value), or of any consolidation, merger or binding share exchange to which the Company
is a party and for which approval of any stockholders of the Company is required, or of the sale or transfer of all or substantially all of the assets of the Company; or 
  
 (d) of the voluntary or involuntary dissolution, liquidation or winding up of the Company; 
  
 the Company shall cause to be filed with the Trustee and to be mailed to each Holder of Notes
at his address appearing on the register provided for in Section 305 of this Indenture, as promptly as possible but in any event at least ten (10) days prior to the applicable date hereinafter specified, a notice stating (x) the date
on which a record is to be taken for the purpose of such dividend, distribution of rights, warrants or options, or, if a record is not to be taken, the date as of which the Holders of Class A Common Stock of record to be entitled to such
dividend, distribution or rights are to be determined, or (y) the date on which such reclassification, consolidation, merger, or binding share exchange, sale, transfer, dissolution, liquidation or winding up is expected to become effective or
occur, and the date as of which it is expected that holders of Class A Common Stock of record shall be entitled to exchange their Class A Common Stock for securities or other property deliverable upon such reclassification, consolidation,
merger, or binding share exchange, sale, transfer, dissolution, liquidation or winding up. Failure to give such notice, or any defect therein, shall not affect the legality or validity of such dividend, distribution, reclassification, consolidation,
merger, sale, transfer, dissolution, liquidation or winding up. 
  

 -82- 

 Section 1710. Shareholder Rights Plan. 
  
 To the extent that the Company has a rights plan in effect upon conversion
of the Notes into the underlying common stock, a Holder who converts securities shall receive, in addition to the underlying common stock, the rights under the rights plan, unless prior to any conversion, the rights have separated from the
underlying common stock, in which case the Conversion Rate shall be adjusted at the time of separation as if the Company distributed to all Holders of the underlying common stock, shares of the Company’s Capital Stock, evidences of indebtedness
or assets as described in Section 1704(a)(3) above, subject to readjustment in the event of the expiration, termination or redemption of such rights. In lieu of any such adjustment, the Company may amend such applicable shareholder rights
agreement to provide that upon conversion of the Notes the Holders shall receive, in addition to the underlying common stock issuable upon such conversion, the rights which would have attached to such underlying common stock if the rights had not
become separated from the underlying common stock under such applicable shareholder rights agreement. 
  
 Section 1711. Successive Adjustments. 
  
 After an adjustment to the Conversion Rate under this Article Seventeen, any subsequent event requiring an adjustment under this Article Seventeen shall
cause an adjustment to the Conversion Rate as so adjusted. 
  
 Section 1712. Unconditional Right of Holders to Convert. 
  
 Notwithstanding any other provision in this Indenture, the Holder of any Note shall have the right, which is absolute and unconditional, to convert its Note in accordance with this Article Seventeen and to bring an
action for the enforcement of any such right to convert, and such rights shall not be impaired or affected without the consent of such Holder; provided, however, that the right of any Holder to receive cash upon conversion of any Note
shall be subject to the subordination provisions of Article Eleven. 
  
 ARTICLE THREE 
  
 MISCELLANEOUS 
  
 SECTION 3.1. Independence of Covenants. 
  
 All covenants and agreements in this Second Supplemental Indenture shall be
given independent effect so that if a particular action or condition is not permitted by any such covenant, the fact that it would be permitted by an exception to, or be otherwise within the limitations of, another covenant shall not avoid the
occurrence of a Default or an Event of Default if such action is taken or condition exists. 
  

 -83- 

 SECTION 3.2. Schedules and Exhibits. 
  
 All schedules and exhibits attached hereto are by this reference made a part
hereof with the same effect as if herein set forth in full. 
  
 SECTION 3.3. Counterparts. 
  
 This Second
Supplemental Indenture may be executed in any number of counterparts, each of which shall be deemed an original; but all such counterparts shall together constitute but one and the same instrument. 
  
 SECTION 3.4. Ratification. 
  
 The Base Indenture, as supplemented and amended by this Second Supplemental
Indenture, is in all respects ratified and confirmed, and the Base Indenture and this Second Supplemental Indenture shall be read, taken and construed as one and the same instrument. All provisions included in this Second Supplemental Indenture
supersede any conflicting provisions included in the Base Indenture unless not permitted by law. The Trustee accepts the trusts created by the Base Indenture, as supplemented by this Second Supplemental Indenture, and agrees to perform the same upon
the terms and conditions of the Base Indenture, as supplemented by this Second Supplemental Indenture. 
  
 SECTION 3.5. Construction. 
  
 As used in this Second Supplemental Indenture, unless otherwise stated or unless context otherwise requires, (i) the terms “herein,”
“hereof,” “this Indenture” and “the Indenture” when used to refer to a document reference are intended to refer to the Base Indenture (as in effect after giving effect to this Second Supplemental Indenture) together
with this Second Supplemental Indenture and (ii) the terms “Subsidiary” or “Significant Subsidiary” shall be deemed to mean Subsidiary or Significant Subsidiary of the Company, as the case may be. 
  
 SECTION 3.6. Effectiveness. 
  
 The provisions of this Second Supplemental Indenture shall become effective
as of the date hereof. 
  

 -84- 

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

			
	SONIC AUTOMOTIVE, INC.
		
	By:	 	 /s/ O. Bruton Smith

	Name:	 	O. Bruton Smith
	Title:	 	Chairman and Chief Executive Officer

  

			
	Attest:	 	 /s/ Stephen K. Coss

	Name:	 	Stephen K. Coss
	Title:	 	 Senior Vice President, General
 Counsel and
Secretary

  

			
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ Richard H. Prokosch

	Name:	 	Richard H. Prokosch
	Title:	 	Vice President

  

 -85- 

 EXHIBIT A 
  
 SONIC AUTOMOTIVE, INC. 
  
 NOTICE OF REDEMPTION 
  
 [DATE] 
  
 To the Holders of the 4.25% Convertible Senior Subordinated 
 Notes Due 2015 issued by Sonic Automotive, Inc.: 
  
 Sonic Automotive, Inc. (the “Issuer”) by this written notice hereby exercises, pursuant to Section 1101 of that certain Indenture (the “Indenture”), dated as of May 7, 2002, as supplemented by the
Second Supplemental Indenture dated as of November 23, 2005, between the Issuer and U.S. Bank National Association, its right to redeem $[            ] of its 4.25% Convertible
Senior Subordinated Notes Due 2015 (the “Notes”). All capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Indenture. 
  

	 	1.	Redemption Date: [                 ,
        ] 

  

	 	2.	Redemption Price: $[            ] 

  

	 	3.	Conversion Rate: Each $1,000 principal amount of the Notes is convertible at your option into [insert number of shares] shares of the Issuer’s common stock, no par value (the
“Class A Common Stock”), subject to adjustment, during the period described below. 

  

	 	4.	Paying Agent and Conversion Agent: [NAME] [ADDRESS] 

  

	 	5.	The Notes called for redemption may be converted at your option at any time from the date of this Notice of Redemption until 5:00 p.m. on the second Business Day immediately prior
to the Redemption Date set forth above. 

  

	 	6.	The Notes called for redemption and not converted at your election prior to 5:00 p.m. on the second Business Day immediately prior to Redemption Date set forth above shall be
redeemed on the Redemption Date. 

  

	 	7.	If you elect to convert your Notes, you must satisfy the requirements for conversion set forth in your Notes. 

  

	 	8.	Your Notes called for redemption must be surrendered by you (by effecting book-entry transfer of the Notes or delivering certificated Notes, together with necessary endorsements, as
the case may be) to [Name of Paying Agent] at [insert address] in order for you to collect the Redemption Price. 

  

	 	9.	The Notes bearing the following Certificate Number(s) in the principal amount set forth below opposite such Certificate Number(s) are being redeemed: 

  

			
	Certificate Number(s)	 	 Principal Amount

  

 -86- 

	 	10.	Unless the Company defaults in making the payment of the Redemption Price owed to you, Interest on your Notes called for redemption shall cease to accrue on and after the Redemption
Date. 

  

	 	11.	CUSIP Number: [            ] 

  
 SONIC AUTOMOTIVE, INC. 
  

 -87- 

 EXHIBIT B 
  
 SONIC AUTOMOTIVE, INC. 
  
 NOTICE OF REPURCHASE 
  
 [DATE] 
  
 To the Beneficial Owners of the 4.25% Convertible Senior 
 Subordinated Notes Due 2015 (the “Notes”) issued by Sonic Automotive, Inc.: 
  
 Sonic Automotive, Inc. (the “Issuer”) by this written notice hereby notifies you, pursuant to Section 1109 of that certain Indenture (the
“Indenture”), dated as of May 7, 2002, as supplemented by the Second Supplemental Indenture dated as of November 23, 2005, between the Issuer and U.S. Bank National Association, that you may request the Issuer to
repurchase your Notes by delivery of a Repurchase Notice. Included herewith is the form of Repurchase Notice to be completed by you if you wish to have your Notes repurchased by the Issuer. All capitalized terms used herein and not otherwise defined
herein shall have the meanings assigned to such terms in the Indenture. 
  

	 	1.	Repurchase Date: [            ] 

  

	 	2.	Repurchase Price: [            ] 

  

	 	3.	Conversion Rate: To the extent described in Item 5 below, each $1,000 principal amount of the Notes is convertible into [insert number of shares] shares of the Issuer’s
common stock, no par value (the “Class A Common Stock”), subject to adjustment. 

  

	 	4.	Paying Agent and Conversion Agent: [NAME] [ADDRESS] 

  

	 	5.	The Notes as to which you have delivered a Repurchase Notice to the Paying Agent may be converted if they are otherwise convertible pursuant to Article Seventeen of the Indenture
and the terms of the Notes only if you withdraw such Repurchase Notice pursuant to the terms of the Indenture. You may be entitled to have your Notes converted into a combination of cash and shares of the Issuer’s Class A Common Stock:

  
 (i) Prior to October 31, 2010, during the
five Business Days after any five consecutive Trading Day period in which the Trading Price per $1,000 original principal amount of the Notes (as determined following a request by a Noteholder in accordance with the procedures described below) was
less than 103% of the product of the Last Reported Sale Price of the Company’s Class A Common Stock and the current Conversion Rate of the Notes for such Trading Day; 
  
 (ii) if the Issuer has called the Notes for redemption; 
  
 (iii) upon the occurrence of certain specified corporate transactions described in the Indenture; or 
  

 -88- 

 (iv) at any time on or after October 31, 2010. 
  

	 	6.	The Notes as to which you have delivered a Repurchase Notice must be surrendered by you (by effecting book-entry transfer of the Notes or delivering certificated Notes, together
with necessary endorsements, as the case may be) to [Name of Paying Agent] at [insert address] in order for you to collect the Repurchase Price. 

  

	 	7.	The Repurchase Price for the Notes as to which you have delivered a Repurchase Notice and not withdrawn such Repurchase Notice shall be paid promptly following the later of the
Business Day immediately following such Repurchase Date and the date you deliver such Notes to [Name of Paying Agent]. 

  

	 	8.	In order to exercise your option to have the Issuer repurchase your Notes, you must deliver the Repurchase Notice, duly completed by you with the information required by such
Repurchase Notice (as specified in Section 1109 of the Indenture) and deliver such Repurchase Notice to the Paying Agent at any time from 9:00 a.m. on [insert day that is 20 Business Days prior to Repurchase Date] until 5:00 p.m. on the [insert
day that is the Repurchase Date]. 

  

	 	9.	In order to withdraw any Repurchase Notice previously delivered by you to the Paying Agent, you must deliver to the Paying Agent, by 5:00 p.m. on [insert day that is the Repurchase
Date], a written notice of withdrawal specifying (i) the certificate number, if any, of the Notes in respect of which such notice of withdrawal is being submitted, (ii) the principal amount of the Notes in respect of which such notice of
withdrawal is being submitted, and (iii) if you are not withdrawing your Repurchase Notice for all of your Notes, the principal amount of the Notes, which still remain subject to the original Repurchase Notice. 

  

	 	10.	Unless the Issuer defaults in making the payment of the Repurchase Price owed to you, Interest on your Notes as to which you have delivered a Repurchase Notice shall cease to accrue
on and after the Repurchase Date. 

  

	 	11.	CUSIP Number: [            ] 

  
 SONIC AUTOMOTIVE, INC. 
  

 -89- 

 EXHIBIT C 
  
 SONIC AUTOMOTIVE, INC. 
 NOTICE OF
OCCURRENCE 
 OF FUNDAMENTAL CHANGE 
  
 [DATE] 
  
 To the Holders of the 4.25% Convertible Senior Subordinated 
 Notes Due 2015 (the “Notes”) issued by Sonic Automotive, Inc.: 
  
 Sonic Automotive, Inc. (the “Issuer”) by this written notice hereby notifies you, pursuant to Section 1110 of that certain Indenture (the
“Indenture”), dated as of May 7, 2002, as supplemented by the Second Supplemental Indenture dated as of November 23, 2005, between the Issuer and U.S. Bank National Association, that a Fundamental Change (as such term and
other capitalized terms used herein and not otherwise defined herein is defined in the Indenture) as described below has occurred. Included herewith is the form of Fundamental Change Repurchase Notice to be completed by you if you wish to have your
Notes repurchased by the Issuer. 
  

	 	1.	Fundamental Change: [Insert brief description of the Fundamental Change and the date of the occurrence thereof]. 

  

	 	2.	Date by which Fundamental Change Repurchase Notice must be delivered by you to Paying Agent in order to have your Notes repurchased: 

  

	 	3.	Fundamental Change Repurchase Date: 

  

	 	4.	Fundamental Change Repurchase Price: 

  

	 	5.	Paying Agent and Conversion Agent: [NAME] [ADDRESS] 

  

	 	6.	Conversion Rate: To the extent described in Item 7 below, each $1,000 principal amount of the Notes is convertible into [insert number of shares] shares of the Issuer’s
common stock, no par value (the “Class A Common Stock”), subject to adjustment. 

  

	 	7.	The Notes as to which you have delivered a Fundamental Change Repurchase Notice to the Paying Agent may be converted if they are otherwise convertible pursuant to Article Seventeen
of the Indenture and the terms of the Notes only if you withdraw such Fundamental Change Repurchase Notice pursuant to the terms of the Indenture. You may be entitled to have your Notes converted into shares of the Issuer’s Class A Common
Stock (or, at the option of the Issuer, cash or a combination of cash and shares of the Issuer’s Class A Common Stock): 

  
 (i) Prior to October 31, 2010, during the five Business Days after any five consecutive Trading Day period in which the Trading Price per $1,000
original principal amount of the Notes (as determined following a request by a Noteholder in accordance with the procedures described below) was less than 103% of the product of the Last Reported Sale Price of the Company’s Class A Common
Stock and the current Conversion Rate of the Notes for such Trading Day; 
  

 -90- 

 (ii) if the Issuer has called the Notes for redemption; 
  
 (iii) upon the occurrence of certain specified corporate transactions
described in the Indenture; or 
  
 (iv) at any time on or after
October 31, 2010. 
  

	 	8.	The Notes as to which you have delivered a Fundamental Change Repurchase Notice must be surrendered by you (by effecting book-entry transfer of the Notes or delivering certificated
Notes, together with necessary endorsements, as the case may be) to [Name of Paying Agent] at [insert address] in order for you to collect the Fundamental Change Repurchase Price. 

  

	 	9.	The Fundamental Change Repurchase Price for the Notes as to which you have delivered a Fundamental Change Repurchase Notice and not withdrawn such Notice shall be paid promptly
following the later of the Business Day immediately following such Fundamental Change Repurchase Date and the date you deliver such Notes to [Name of Paying Agent]. 

  

	 	10.	In order to have the Issuer repurchase your Notes, you must deliver the Fundamental Change Repurchase Notice, duly completed by you with the information required by such Fundamental
Change Repurchase Notice (as specified in Section 1110 of the Indenture) and deliver such Fundamental Change Repurchase Notice to the Paying Agent at any time from 9:00 a.m. on the date of the occurrence of the Change of Control until 5:00 p.m.
on the Fundamental Change Repurchase Date. 

  

	 	11.	In order to withdraw any Fundamental Change Repurchase Notice previously delivered by you to the Paying Agent, you must deliver to the Paying Agent, by 5:00 p.m. on the Fundamental
Change Repurchase Date, a written notice of withdrawal specifying (i) the certificate number, if any, of the Notes in respect of which such notice of withdrawal is being submitted, (ii) the principal amount of the Notes in respect of which
such notice of withdrawal is being submitted, and (iii) if you are not withdrawing your Fundamental Change Repurchase Notice for all of your Notes, the principal amount of the Notes which still remain subject to the original Fundamental Change
Repurchase Notice. 

  

	 	12.	Unless the Issuer defaults in making the payment of the Fundamental Change Repurchase Price owed to you, Interest on your Notes as to which you have delivered a Fundamental Change
Repurchase Notice shall cease to accrue on and after the Fundamental Change Repurchase Date. 

  

	 	13.	CUSIP Number: [            ] 

  
 SONIC AUTOMOTIVE, INC. 
  

 -91- 

 SCHEDULE I 
  

Number of Additional Shares 
  
 The following table sets forth the hypothetical Stock Price, effective date and number of Additional Shares per $1,000 principal amount of Notes:

  

																																								
	 Stock Price
	  	$	19.79	  	$	25.00	  	$	30.00	  	$	35.00	  	$	40.00	  	$	45.00	  	$	50.00	  	$	55.00	  	$	60.00	  	$	65.00	  	$	70.00	  	$	75.00	  	$	80.00
														
	 Effective Date
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	 November 23, 2005
	  	 	9.1121	  	 	5.1329	  	 	3.2777	  	 	2.2681	  	 	1.6675	  	 	1.2807	  	 	1.0140	  	 	0.8194	  	 	0.6708	  	 	0.5535	  	 	0.4582	  	 	0.3792	  	 	0.3128
	 November 30, 2006
	  	 	9.1121	  	 	5.0100	  	 	3.0544	  	 	2.0462	  	 	1.4789	  	 	1.1311	  	 	0.9088	  	 	0.7631	  	 	0.6564	  	 	0.5736	  	 	0.5070	  	 	0.4521	  	 	0.4059
	 November 30, 2007
	  	 	9.1121	  	 	4.3503	  	 	2.4595	  	 	1.5634	  	 	1.0989	  	 	0.8322	  	 	0.6707	  	 	0.5707	  	 	0.4986	  	 	0.4425	  	 	0.3970	  	 	0.3589	  	 	0.3266
	 November 30, 2008
	  	 	9.1121	  	 	3.6697	  	 	1.7953	  	 	1.0313	  	 	0.6938	  	 	0.5235	  	 	0.4310	  	 	0.3805	  	 	0.3452	  	 	0.3174	  	 	0.2944	  	 	0.2749	  	 	0.2579
	 November 30, 2009
	  	 	9.1121	  	 	2.6331	  	 	0.8255	  	 	0.3369	  	 	0.2056	  	 	0.1575	  	 	0.1380	  	 	0.1361	  	 	0.1362	  	 	0.1363	  	 	0.1366	  	 	0.1368	  	 	0.1370
	 November 30, 2010
	  	 	0.0000	  	 	0.0000	  	 	0.0000	  	 	0.0000	  	 	0.0000	  	 	0.0000	  	 	0.0000	  	 	0.0000	  	 	0.0000	  	 	0.0000	  	 	0.0000	  	 	0.0000	  	 	0.0000

  

 -92-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00094-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00094-of-00352.parquet"}]]