Document:

EX-4.3

 Exhibit 4.3 

GENERAL MOTORS FINANCIAL COMPANY, INC., 

AS ISSUER 

AMERICREDIT FINANCIAL SERVICES, INC., 

AS GUARANTOR 

INDENTURE 
 Dated as of June 21,
2017 
 U.S. BANK NATIONAL ASSOCIATION, 

AS TRUSTEE 

DEBT SECURITIES 

 TABLE OF CONTENTS 

Page 
  

							
	 Article 1 DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	 
			
	 Section 1.01
	    	Definitions	  	 	1	 
			
	 Section 1.02
	    	Other Definitions	  	 	7	 
			
	 Section 1.03
	    	Incorporation by Reference of Trust Indenture Act	  	 	7	 
			
	 Section 1.04
	    	Rules of Construction	  	 	8	 
		
	 Article 2 SECURITIES
	  	 	8	 
			
	 Section 2.01
	    	Form and Dating	  	 	8	 
			
	 Section 2.02
	    	Amount Unlimited; Issuable in Series	  	 	9	 
			
	 Section 2.03
	    	Execution of Securities and Guarantees	  	 	12	 
			
	 Section 2.04
	    	Authentication and Delivery of Securities	  	 	12	 
			
	 Section 2.05
	    	Registrar and Paying Agent	  	 	14	 
			
	 Section 2.06
	    	Paying Agent to Hold Money in Trust	  	 	14	 
			
	 Section 2.07
	    	Holder Lists	  	 	14	 
			
	 Section 2.08
	    	Denomination and Date of Securities; Payments of Interest	  	 	14	 
			
	 Section 2.09
	    	Transfer and Exchange	  	 	15	 
			
	 Section 2.10
	    	Replacement Securities	  	 	17	 
			
	 Section 2.11
	    	Outstanding Securities	  	 	17	 
			
	 Section 2.12
	    	Treasury Securities	  	 	18	 
			
	 Section 2.13
	    	Temporary Securities	  	 	18	 
			
	 Section 2.14
	    	Cancellation	  	 	18	 
			
	 Section 2.15
	    	Additional Securities; Additional Term Notes	  	 	18	 
			
	 Section 2.16
	    	CUSIP Numbers and Other Identifying Numbers	  	 	19	 
			
	 Section 2.17
	    	Book-Entry Provisions for Global Security	  	 	19	 
			
	 Section 2.18
	    	Interest Act (Canada)	  	 	20	 
		
	 Article 3 REDEMPTION
	  	 	20	 
			
	 Section 3.01
	    	Applicability of Article	  	 	20	 
			
	 Section 3.02
	    	Election to Redeem	  	 	20	 
			
	 Section 3.03
	    	Notices to Trustee	  	 	20	 
			
	 Section 3.04
	    	Selection of Securities to Be Redeemed	  	 	20	 
			
	 Section 3.05
	    	Notice of Redemption	  	 	21	 
			
	 Section 3.06
	    	Effect of Notice of Redemption	  	 	22	 
			
	 Section 3.07
	    	Deposit of Redemption Price	  	 	22	 
			
	 Section 3.08
	    	Securities Redeemed or Purchased in Part	  	 	22	 
			
	 Section 3.09
	    	Survivor’s Option	  	 	22	 
			
	 Section 3.10
	    	Repayment Option	  	 	24	 

  
 i 

							
	 Article 4 COVENANTS
	  	 	24	 
			
	 Section 4.01
	    	Payment of Securities	  	 	24	 
			
	 Section 4.02
	    	Maintenance of Office or Agency	  	 	24	 
			
	 Section 4.03
	    	Reports	  	 	25	 
			
	 Section 4.04
	    	Compliance Certificate	  	 	25	 
			
	 Section 4.05
	    	Appointment to Fill a Vacancy in Office of Trustee	  	 	25	 
			
	 Section 4.06
	    	Paying Agents	  	 	26	 
			
	 Section 4.07
	    	Calculation of Original Issue Discount and Other Amounts	  	 	26	 
			
	 Section 4.08
	    	Liens	  	 	26	 
			
	 Section 4.09
	    	Corporate Existence	  	 	27	 
			
	 Section 4.10
	    	Additional Subsidiary Guarantees	  	 	27	 
		
	 Article 5 SUCCESSORS
	  	 	27	 
			
	 Section 5.01
	    	Merger, Consolidation or Sale of Assets	  	 	27	 
			
	 Section 5.02
	    	Successor Corporation Substituted	  	 	27	 
			
	 Section 5.03
	    	Opinion of Counsel Delivered to Trustee	  	 	28	 
		
	 Article 6 DEFAULTS AND REMEDIES
	  	 	28	 
			
	 Section 6.01
	    	Events of Default	  	 	28	 
			
	 Section 6.02
	    	Acceleration	  	 	29	 
			
	 Section 6.03
	    	Other Remedies	  	 	29	 
			
	 Section 6.04
	    	Waiver of Past Defaults	  	 	30	 
			
	 Section 6.05
	    	Control by Majority	  	 	30	 
			
	 Section 6.06
	    	Limitation on Suits	  	 	30	 
			
	 Section 6.07
	    	Rights of Holders to Receive Payment	  	 	30	 
			
	 Section 6.08
	    	Collection of Indebtedness and Suit for Enforcement by Trustee	  	 	31	 
			
	 Section 6.09
	    	Trustee May File Proofs of Claim	  	 	31	 
			
	 Section 6.10
	    	Priorities	  	 	31	 
			
	 Section 6.11
	    	Undertaking for Costs	  	 	32	 
			
	 Section 6.12
	    	Restoration of Rights and Remedies	  	 	32	 
		
	 Article 7 TRUSTEE
	  	 	32	 
			
	 Section 7.01
	    	Duties of Trustee	  	 	32	 
			
	 Section 7.02
	    	Rights of Trustee	  	 	33	 
			
	 Section 7.03
	    	Individual Rights of Trustee	  	 	34	 
			
	 Section 7.04
	    	Trustee’s Disclaimer	  	 	34	 
			
	 Section 7.05
	    	Notice of Defaults	  	 	34	 
			
	 Section 7.06
	    	Reports by Trustee to Holders of the Securities	  	 	34	 
			
	 Section 7.07
	    	Compensation and Indemnity	  	 	35	 
			
	 Section 7.08
	    	Replacement of Trustee	  	 	35	 
			
	 Section 7.09
	    	Successor Trustee by Merger, etc	  	 	36	 
			
	 Section 7.10
	    	Eligibility; Disqualification	  	 	36	 

  
 ii 

							
			
	 Section 7.11
	    	Preferential Collection of Claims Against Company	  	 	37	 
			
	 Section 7.12
	    	Right of Trustee to Rely on Officer’s Certificate, etc	  	 	37	 
		
	 Article 8 SATISFACTION AND DISCHARGE OF INDENTURE; DEFEASANCE
	  	 	37	 
			
	 Section 8.01
	    	Satisfaction and Discharge of Indenture	  	 	37	 
			
	 Section 8.02
	    	Application of Trust Funds; Indemnification	  	 	38	 
			
	 Section 8.03
	    	Option to Effect Legal Defeasance or Covenant Defeasance	  	 	38	 
			
	 Section 8.04
	    	Legal Defeasance and Discharge	  	 	38	 
			
	 Section 8.05
	    	Covenant Defeasance	  	 	39	 
			
	 Section 8.06
	    	Conditions to Legal or Covenant Defeasance	  	 	39	 
			
	 Section 8.07
	    	Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions	  	 	40	 
			
	 Section 8.08
	    	Repayment to Company	  	 	41	 
			
	 Section 8.09
	    	Reinstatement	  	 	41	 
		
	 Article 9 AMENDMENT, SUPPLEMENT AND WAIVER
	  	 	41	 
			
	 Section 9.01
	    	Without Consent of Holders of Securities	  	 	41	 
			
	 Section 9.02
	    	With Consent of Holders of Securities	  	 	43	 
			
	 Section 9.03
	    	Limitations	  	 	44	 
			
	 Section 9.04
	    	Compliance with Trust Indenture Act	  	 	45	 
			
	 Section 9.05
	    	Revocation and Effect of Consents	  	 	45	 
			
	 Section 9.06
	    	Notation on or Exchange of Securities	  	 	45	 
			
	 Section 9.07
	    	Trustee to Sign Amendments, etc	  	 	45	 
			
	 Section 9.08
	    	Effect of Supplemental Indenture	  	 	45	 
		
	 Article 10 GUARANTEES
	  	 	46	 
			
	 Section 10.01
	    	Applicability of Article	  	 	46	 
			
	 Section 10.02
	    	Guarantee	  	 	46	 
			
	 Section 10.03
	    	Limitation on Guarantor Liability	  	 	47	 
			
	 Section 10.04
	    	Guarantors May Consolidate, etc., on Certain Terms	  	 	47	 
			
	 Section 10.05
	    	Releases	  	 	48	 
		
	 Article 11 SECURITY
	  	 	48	 
			
	 Section 11.01
	    	Security	  	 	48	 
			
	 Section 11.02
	    	Trustee Compliance with TIA	  	 	49	 
		
	 Article 12 MISCELLANEOUS
	  	 	49	 
			
	 Section 12.01
	    	Trust Indenture Act Controls	  	 	49	 
			
	 Section 12.02
	    	Notices	  	 	49	 
			
	 Section 12.03
	    	Communication by Holders of Securities with Other Holders of Securities	  	 	50	 
			
	 Section 12.04
	    	Certificate and Opinion as to Conditions Precedent	  	 	50	 
			
	 Section 12.05
	    	Statements Required in Certificate or Opinion	  	 	50	 
			
	 Section 12.06
	    	Rules by Trustee and Agents	  	 	51	 
			
	 Section 12.07
	    	No Personal Liability of Directors, Officers, Employees and Shareholders	  	 	51	 

  
 iii 

							
			
	 Section 12.08
	    	Governing Law	  	 	51	 
			
	 Section 12.09
	    	No Adverse Interpretation of Other Agreements	  	 	51	 
			
	 Section 12.10
	    	Successors	  	 	51	 
			
	 Section 12.11
	    	Severability	  	 	51	 
			
	 Section 12.12
	    	Counterpart Originals	  	 	51	 
			
	 Section 12.13
	    	Table of Contents, Headings, etc	  	 	51	 
			
	 Section 12.14
	    	Force Majeure	  	 	52	 
			
	 Section 12.15
	    	Securities in a Foreign Currency	  	 	52	 
			
	 Section 12.16
	    	Judgment Currency	  	 	52	 

  
 iv 

 CROSS-REFERENCE TABLE* 
  

			
	 Trust Indenture

Act Section
	  	Indenture Section
	 310(a)(1)
	  	7.10
	       (a)(2)
	  	7.10
	       (a)(3)
	  	N.A.
	       (a)(4)
	  	N.A.
	       (a)(5)
	  	7.10
	       (b)
	  	7.10
	       (c)
	  	N.A.
	 311(a)
	  	7.11
	       (b)
	  	7.11
	       (c)
	  	N.A.
	 312(a)
	  	2.07
	       (b)
	  	12.03
	       (c)
	  	12.03
	 313(a)
	  	7.06
	       (b)(1)
	  	7.06
	       (b)(2)
	  	7.06; 7.07
	       (c)
	  	7.06; 12.02
	       (d)
	  	7.06
	 314(a)
	  	4.03;12.02; 12.05
	       (b)
	  	11.02
	       (c)(1)
	  	11.02; 12.04
	       (c)(2)
	  	11.02; 12.04
	       (c)(3)
	  	11.02
	       (d)
	  	11.02
	       (e)
	  	12.05
	       (f)
	  	N.A.
	 315(a)
	  	7.01
	       (b)
	  	7.05; 12.02
	       (c)
	  	7.01
	       (d)
	  	7.01
	       (e)
	  	6.11
	 316(a) (last sentence)
	  	2.12
	       (a)(1)(A)
	  	6.05
	       (a)(1)(B)
	  	6.04
	       (a)(2)
	  	N.A.
	       (b)
	  	6.07
	       (c)
	  	2.08
	 317(a)(1)
	  	6.08
	       (a)(2)
	  	6.09
	       6(b)
	  	2.06

  
 N.A. means
not applicable. 

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

  
 i 

 INDENTURE dated as of June 21, 2017 by and among General Motors Financial Company, Inc., a Texas
corporation (the “Company”), AmeriCredit Financial Services, Inc., a Delaware corporation (the “Guarantor”), and U.S. Bank National Association, as trustee. 

WHEREAS, the Company has duly authorized the issuance from time to time of its debentures, notes or other evidences of indebtedness
(the “Securities”) to be issued in one or more Series (as defined herein) up to such principal amount or amounts as may from time to time be authorized in accordance with the terms of this Indenture and to provide, among other
things, for the authentication, delivery and administration thereof, and the Company has duly authorized the execution and delivery of this Indenture;  

WHEREAS, the parties hereto desire to establish a series of Term Notes which shall be referred to as GM Financial Term Notes (the
“Term Notes”) and which may be issued from time to time in any number of Tranches (as defined herein) and any Term Notes issued as part of this series and any such Tranches will constitute a single series of Term Notes under this
Indenture;  
 WHEREAS, the Guarantor has duly authorized the execution and delivery of this Indenture in order to provide for a
Guarantee (as defined herein) by the Guarantor of such Series of Securities as to which such a Guarantee has been made applicable in accordance with the terms of this Indenture; 

WHEREAS, the parties hereto desire to establish the form of the Term Notes to be endorsed thereon pursuant to Sections 2.01, 2.02 and 2.04
hereof and attached hereto as Exhibit A; 
 WHEREAS, the Term Notes shall have such terms as may be established from time to time in
respect of any Tranche pursuant to Section 2.02 hereof; and 
 WHEREAS, all things necessary to make this Indenture a valid indenture
and agreement of the Company and the Guarantor according to its terms have been done. 
 NOW, THEREFORE: 

In consideration of the premises and the purchases of the Securities by the Holders (as defined herein) thereof, the Company, the Guarantor and
the Trustee mutually covenant and agree for the equal and proportionate benefit of the respective Holders from time to time of the Securities as follows. 

ARTICLE 1 
 DEFINITIONS
AND INCORPORATION BY REFERENCE 
 Section 1.01 Definitions. 

“Acquired Indebtedness” means, with respect to any specified Person, Indebtedness of any other Person existing at the
time such other Person merges with or into or becomes a Subsidiary of such specified Person, or Indebtedness incurred by such Person in connection with the acquisition of assets, in each case so long as such Indebtedness was not incurred in
connection with, or in contemplation of, such other Person merging with or into or becoming a Subsidiary of such specified Person or the acquisition of such assets, as the case may be. 

“Administrative Procedures” means the Company’s Administrative Procedures dated June 21, 2017, as may be amended
from time to time. 
 “Affiliate” of any specified Person means any other Person directly or indirectly
controlling or controlled by or under direct or indirect common control with such specified Person. For purposes of this definition, “control,” as used with respect to any Person, means the possession, directly or indirectly, of the
power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. For purposes of this definition, the terms “controlling,”
“controlled by” and “under common control with” have correlative meanings. 

  
 1 

 “Agent” means any Registrar, co-registrar, Paying Agent or additional paying
agent. 
 “Bank Lines” means, with respect to the Company or any of its Restricted Subsidiaries, one or more debt
facilities with banks or other lenders providing for revolving credit loans and/or letters of credit. 
 “Bankruptcy
Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors. 
 “Board of
Directors” means, when used with respect to the Company, the board of directors of the Company or any committee of that board duly authorized to act generally or in any particular respect for the Company hereunder or, when used with respect
to any Guarantor, the board of directors of such Guarantor or any committee of that board duly authorized to act generally or in any particular respect for such Guarantor hereunder. 

“Business Day” means any day other than a Saturday, a Sunday or a day on which banking institutions in the City of New
York or at a Place of Payment are authorized or obligated by law, regulation or executive order to remain closed. 

“Capital Stock” means (i) in the case of a corporation, corporate stock, (ii) in the case of an association
or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock, (iii) in the case of a partnership or limited liability company, partnership or membership interests
(whether general or limited) and (iv) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 

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

“Company” means General Motors Financial Company, Inc., a Texas corporation, and any and all successors thereto. 

“Company Order” means a written order signed in the name of the Company by an Officer thereof. 

“continuing” means, with respect to any Default or Event of Default, that such Default or Event of Default has not
been cured or waived. 
 “Consolidated Net Tangible Assets” means the aggregate amount of assets (less applicable
reserves and other properly deductible items) after deducting therefrom all current liabilities and all goodwill, trade names, trademarks, unamortized debt discounts and expense and other like intangibles of the Company and its consolidated
subsidiaries, all as set forth in the most recent balance sheet of the Company and its consolidated subsidiaries prepared in accordance with GAAP. 

“Corporate Trust Office of the Trustee” will be at the address of the Trustee specified in Section 12.02 hereof
or such other address as to which the Trustee may give notice to the Company. 
 “Credit Enhancement
Agreements” means, collectively, any documents, instruments, guarantees or agreements entered into by the Company, any of its Restricted Subsidiaries, or any Receivables Entity for the purpose of providing credit support for one or more
Receivables Entities or any of their respective securities, debt instruments, obligations or other Indebtedness. 

“Custodian” means the Trustee, as custodian for the Depositary with respect to the Securities in global form, or any
successor entity thereto. 
 “Default” means any event that is, or with the passage of time or the giving of
notice or both would be, an Event of Default. 
 “Depositary” means, with respect to the Securities issuable
or issued in whole or in part in global form, the Person specified in Section 2.02 hereof as the Depositary with respect to the Securities, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to
the applicable provision of this Indenture. 

  
 2 

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

“Existing 2017 Notes” means the Company’s 4.75% Senior Notes due 2017, issued on August 16, 2012, pursuant to that
certain indenture, dated as of August 16, 2012, among the Company, the Guarantor and Wells Fargo Bank, N.A., as trustee. 

“Existing 2018 Notes” means the Company’s 6.75% Senior Notes due 2018, issued on June 1, 2011, pursuant to that
certain indenture, dated as of June 1, 2011, among the Company, the Guarantor and Deutsche Bank Trust Company Americas, as trustee. 

“GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting
Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a significant segment
of the accounting profession, which are in effect from time to time and consistently applied. 
 “Government
Securities” means securities that are: (i) direct obligations of the United States for the payment of which its full faith and credit is pledged; (ii) obligations of a Person controlled or supervised by and acting as an agency or
instrumentality of the United States the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States, which, in either case under clauses (i) and (ii) of this definition, are not callable or
redeemable at the option of the issuers thereof; or (iii) depository receipts issued by a bank or trust company as custodian with respect to any such U.S. Government Securities or a specific payment of interest on or principal of any such U.S.
Government Securities 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 U.S. Government Security evidenced by such depository receipt. 

“Guarantee” means any guarantee of any Securities by a Guarantor as contemplated by Article 10;
provided that the term “Guarantee,” when used with respect to the Securities of any Series means a guarantee of such Securities of such Series by a Guarantor of such Securities of such Series as
contemplated by Article 10. 
 “Guarantor” means AmeriCredit Financial Services, Inc., a Delaware
corporation, and each Subsidiary of the Company designated as such in accordance with the terms hereof. 
 “Guarantor
Order” means a written order signed in the name of the Guarantor by an Officer thereof. 
 “Guarantee Termination
Event” means the first date following the date of this Indenture when (i) no Guarantor guarantees the Existing 2017 Notes and the Existing 2018 Notes and (ii) no Guarantor is an issuer or guarantor of any Triggering Indebtedness
(other than any guarantee of Triggering Indebtedness that is being concurrently released). For purposes of clause (ii) of this definition, a Guarantor’s guarantee of any Triggering Indebtedness shall be deemed to be concurrently released
when all of the conditions for the release of such guarantee are satisfied, other than for any condition related to the concurrent release of the Guarantor’s guarantee of any other Triggering Indebtedness. Upon the satisfaction of all of such
conditions not related to the concurrent release of any guarantees of any other Triggering Indebtedness, a Guarantor’s guarantee of any Triggering Indebtedness and the Guarantee hereunder shall be deemed to be concurrently released and the
conditions of clause (ii) shall be deemed to be satisfied. 
 “Hedging Obligations” means, with respect to
any Person, the obligations of such Person under (i) interest rate swap agreements, interest rate cap agreements and interest rate collar agreements, and (ii) other agreements or arrangements designed to protect such Person against
fluctuations in interest or currency exchange rates. 

  
 3 

 “Holder,” “Holder of Securities” or other similar terms
means a Person in whose name a Security is registered in the Securities Register. 
 “Indebtedness” means,
with respect to any Person, any indebtedness of such Person in respect of borrowed money or evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in respect thereof), except any such balance
that constitutes an accrued expense or trade payable, if and to the extent any of the foregoing indebtedness (other than letters of credit) would appear as a liability upon a balance sheet of such Person prepared in accordance with GAAP. 

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

“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any
kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law (including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or
give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction). 

“Non-Domestic Entity” means a Person not organized or existing under the laws of the United States, any state thereof
or the District of Columbia. 
 “Non-U.S. Person” means a Person who is not a U.S. person as defined in Rule 902(k)
under the Securities Act. 
 “Officer” means, with respect to any Person, the Chairman of the Board, the Chief
Executive Officer, the Chief Operating Officer, Chief Financial Officer, the Chief Accounting Officer, the President, any Executive Vice President, Senior Vice President or Vice President, the Treasurer, any Assistant Treasurer, the Controller, any
Assistant Controller and the Secretary or any Assistant Secretary of such Person. 
 “Officer’s
Certificate” means a certificate signed on behalf of the Company or Guarantor, as applicable, by the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Company or
Guarantor, as applicable, that meets the requirements of Section 12.05 hereof. 
 “Opinion of Counsel”
means an opinion from legal counsel who is reasonably acceptable to the Trustee, that meets the requirements of Section 12.05 hereof. The counsel may be an employee of or counsel to the Company, any Subsidiary of the Company or the
Trustee. 
 “Original Issue Discount” with respect to any Security, including an Original Issue Discount
Security, has the same meaning as set forth in Section 1373 of the Code, or any successor provision, and the applicable regulations of the United States Department of the Treasury promulgated thereunder. 

“Original Issue Discount Security” means any Security which provides for an amount less than the stated principal
amount thereof to be due and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.02. 

“Permitted Liens” means: (i) Liens existing on the date of this Indenture; (ii) Liens to secure securities,
debt instruments or other Indebtedness of one or more Receivables Entities or guarantees thereof; (iii) Liens to secure Indebtedness under a Residual Funding Facility or guarantees thereof; (iv) Liens to secure Indebtedness and other
obligations (including letter of credit indemnity obligations and obligations relating to expenses with respect to debt facilities), under one or more debt facilities with banks or other lenders providing for revolving credit loans and/or letters of
credit or guarantees thereof; (v) Liens on spread accounts, reserve accounts and other credit enhancement assets, Liens on the Capital Stock of Subsidiaries of the Company substantially all of the assets of which are spread accounts, reserve
accounts and/or other credit enhancement assets, and Liens on interests in one or more Receivables Entities, in each case incurred in connection with Credit Enhancement Agreements, Residual Funding Facilities or issuances of securities, debt
instruments or other Indebtedness by a Receivables Entity; (vi) Liens on property existing at the time of acquisition of such property (including properties acquired through merger  

  
 4 

 
or consolidation); (vii) Liens securing Indebtedness incurred to finance the construction or purchase of property of the Company or any of its Subsidiaries (but excluding Capital Stock of
another Person); provided that any such Lien may not extend to any other property owned by the Company or any of its Subsidiaries at the time the Lien is incurred, and the Indebtedness secured by the Lien may not be incurred more than 180 days after
the later of the acquisition or completion of construction of the property subject to the Lien; (viii) Liens securing Hedging Obligations; (ix) Liens to secure any Refinancing Indebtedness incurred to refinance any Indebtedness and all
other obligations secured by any Lien referred to in the foregoing clause (i); provided that such new Lien shall be limited to all or part of the same property or type of property that secured the original Lien and the Indebtedness secured by such
Lien at such time is not increased to any amount greater than the outstanding principal amount or, if greater, committed amount of the Indebtedness described under clause (i) of this definition at the time the original Lien became a Permitted
Lien; (x) Liens in favor of the Company or any of its Restricted Subsidiaries; (xi) Liens of the Company or any Restricted Subsidiary of the Company with respect to obligations that do not exceed five percent of Consolidated Net Tangible
Assets; (xii) Liens to secure the performance of statutory obligations, surety or appeal bonds, performance bonds or other obligations of a like nature incurred in the ordinary course of business (including, without limitation, landlord Liens
on leased properties); (xiii) Liens for taxes, assessments or governmental charges or claims that are not yet delinquent or that are being contested in good faith by appropriate proceedings; provided, that any reserve or other appropriate
provision as shall be required in conformity with GAAP shall have been made therefor; (xiv) Liens imposed by law or regulation, such as carriers’, warehousemen’s, materialmen’s, repairmen’s and mechanics’ and similar
Liens, in each case for sums not yet overdue for a period of more than 30 days or that are being contested in good faith by appropriate proceedings or other Liens arising out of judgments or awards against such Person with respect to which such
Person shall then be proceeding with an appeal or other proceedings for review; provided, that any reserve or other appropriate provision as shall be required in conformity with GAAP shall have been made therefor; (xv) Liens related to minor
survey exceptions, minor encumbrances, ground leases, easements or reservations of, or rights of others for, licenses, rights-of-way, servitudes, sewers, electric lines, drains, telegraph and telephone and cable television lines, gas and oil
pipelines and other similar purposes, or zoning, building codes or other restrictions (including, without limitation, minor defects or irregularities in title and similar encumbrances) as to the use of real properties or Liens incidental to the
conduct of the business of such Person or to the ownership of its properties which were not incurred in connection with Indebtedness and which do not in the aggregate materially adversely affect the value of said properties or materially impair
their use in the operation of the business of such Person; (xvi) Liens on equipment of the Company or any of its Restricted Subsidiaries granted in the ordinary course of business; (xvii) deposits made or other security provided to secure
liabilities to insurance carriers under insurance or self-insurance arrangements in the ordinary course of business; (xviii) purported Liens evidenced by filings of precautionary UCC financing statements relating solely to operating leases of
personal property; (xix) Liens evidenced by UCC financing statement filings (or similar filings) regarding or otherwise arising under leases entered into by the Company or any Restricted Subsidiary in the ordinary course of business;
(xx) Liens on accounts, payment intangibles, chattel paper, instruments and/or other Receivables granted in connection with sales of any of such assets; (xxi) Liens on Receivables and related assets and proceeds thereof arising in
connection with a Permitted Receivables Financing; and (xxii) Liens in favor of a Guarantor or any of its Subsidiaries. 

“Permitted Receivables Financing” means any facility, arrangement, transaction or agreement (i) pursuant to which
the Company or any Restricted Subsidiary finances the acquisition or origination of Receivables with, or sells Receivables that it has acquired or originated to, a third party on terms that the Board of Directors has concluded are customary and
market-standard, and (ii) that grants Liens to, or permits filings of precautionary UCC financing statements by, the third party against the Company or its Restricted Subsidiaries, as applicable, under such facility, arrangement, transaction or
agreement relating to the subject Receivables, related assets and/or proceeds. 
 “Person” means any
individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, limited liability company, government, governmental agency or political subdivision thereof or any other entity. 

“Place of Payment” when used with respect to the Securities of any Series, shall mean the place or places where the
principal of (and premium, if any, on) and interest, if any, on the Securities of that Series are payable, as specified as contemplated by Section 2.02. 

  
 5 

 “Receivable” means each of the following: (i) any right to payment
of a monetary obligation, including, without limitation, any promissory note, financing agreement, installment sale contract, lease contract, insurance and service contract, and any credit, debit or charge card receivable, and (ii) any assets
related to such receivables, including, without limitation, any collateral securing, or property leased under, such receivables. 

“Receivables Entity” means each of the following: (i) any Person (whether or not a Subsidiary of the Company)
established for the purpose of transferring or holding Receivables or issuing securities, debt instruments or other Indebtedness backed by Receivables and/or Receivable-backed securities, regardless of whether such Person is an issuer of securities,
debt instruments or other Indebtedness, and (ii) any Subsidiary of the Company formed exclusively for the purpose of satisfying the requirements of Credit Enhancement Agreements, regardless of whether such Person is an issuer of securities,
debt instruments or other Indebtedness. 
 “Refinancing Indebtedness” means any Indebtedness of the Company
or any of its Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Company or any of its Restricted Subsidiaries. 

“Residual Funding Facility” means any funding arrangement with a financial institution or institutions or other
lenders or purchasers under which advances are made to the Company or any Subsidiary based upon residual, subordinated or retained interests in Receivables Entities or any of their respective securities, debt instruments or other Indebtedness.

 “Responsible Officer,” when used with respect to the Trustee, means any officer within the
Corporate Trust Office of the Trustee (or any successor group of the Trustee) or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a
particular corporate trust matter, any other officer to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject and who shall have direct responsibility for administering this Indenture and the
Term Notes. 
 “Restricted Subsidiary” of a Person means any Subsidiary of the referent Person that is not a
Receivables Entity or Non-Domestic Entity. 
 “SEC” means the United States Securities and Exchange Commission. 

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

“Security” or “Securities” has the meaning stated in the first recital of this Indenture, or, as the
case may be, Securities that have been authenticated and delivered under this Indenture. 
 “Series” or
“Series of Securities” means a series of Securities and, except in Sections 2.02 and 2.12 and Articles 6, 7, and 12, the terms “Series” or “Series of Securities” shall also mean a Tranche in the event
that the applicable Series may be issued in separate Tranches. 
 “Subsidiary” means, with respect to
any Person, (i) any corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of
directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person (or a combination thereof), (ii) any business trust in respect to which
such Person or one or more of the other Subsidiaries of that Person (or a combination hereof) is the beneficial owner of the residual interest, and (iii) any partnership (a) the sole general partner or the managing general partner of which
is such Person or a Subsidiary of such Person or (b) the only general partners of which are such Person or of one or more Subsidiaries of such Person (or any combination thereof). 

“Survivor’s Option” means, where applicable, the right of the personal representative of a beneficial owner of a
Security to require the Company to repay or repurchase such Security prior to its Maturity Date upon the death of the beneficial owner of such Security. 

  
 6 

 “Term Notes” has the meaning stated in the second recital of this
Indenture, or, as the case may be, shall mean Term Notes that have been authenticated and delivered under this Indenture. 

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

“Tranche” means all Securities of the same Series which have the same issue date, maturity date, interest rate or
method of determining interest, and, in the case of Original Issue Discount Securities, which have the same issue price. 

“Triggering Indebtedness” means any Indebtedness incurred after the date of this Indenture to the extent that the
principal amount of such Indebtedness exceeds $100 million; provided, however, that “Triggering Indebtedness” shall not include: (i) Indebtedness that is or would be permitted to be secured by a Permitted Lien (whether or not such
Indebtedness is in fact so secured); (ii) Indebtedness owed to the Company or a Restricted Subsidiary; (iii) Acquired Indebtedness; and (iv) Indebtedness incurred for the purpose of extending, renewing or replacing in whole or in part
Indebtedness permitted by any of clauses (i) through (iii) above. 
 “Trustee” means U.S. Bank National
Association, until a successor replaces it in accordance with the applicable provisions of this Indenture and thereafter means the successor serving thereunder. 

“United States” means the fifty states constituting the United States of America, its territories, its possessions and
other areas subject to its jurisdictions as of the date of this Indenture. 
 “Voting Stock” means equity
interests of the Company entitling the holders thereof to vote generally in the election of members of the Board of Directors of the Company. 

Section 1.02 Other Definitions 
  

					
	 Term
	  	Defined in Section	 
	 “Additional Amounts”
	  	 	4.07	 
	 “Agent Members”
	  	 	2.17	 
	 “Authentication Order”
	  	 	2.04	 
	 “Covenant Defeasance”
	  	 	8.05	 
	 “Event of Default”
	  	 	6.01	 
	 “Global Security”
	  	 	2.02	 
	 “Legal Defeasance”
	  	 	8.04	 
	 “Paying Agent”
	  	 	2.05	 
	 “Payment Default”
	  	 	6.01	 
	 “Registrar”
	  	 	2.05	 
	 “Securities Register”
	  	 	2.09	 

 Section 1.03 Incorporation by Reference of Trust Indenture Act. 

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

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

“indenture securities” means the Securities; 

“indenture securityholder” means a Holder of a Security; 

“indenture to be qualified” means this Indenture; 

  
 7 

 “indenture trustee” or “institutional trustee” means the
Trustee; and 
 “obligor” on the Securities of any Series and the Guarantees means the Company and any
Guarantors, respectively, and any successor obligor upon the Securities of any Series and the Guarantees, respectively. 
 All
other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under the TIA have the meanings so assigned to them. 

Section 1.04 Rules of Construction. 

Unless the context otherwise requires: 

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

(b) “or” is not exclusive; 

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

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

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

(f) references to sections of or rules under the Securities Act will be deemed to include substitute, replacement or successor sections or
rules adopted by the SEC from time to time. 
 ARTICLE 2 

SECURITIES 
 Section 2.01
Form and Dating. 
 The Securities of each Series will be substantially in the form (not inconsistent with this Indenture)
as shall be established by or pursuant to a resolution of the Board of Directors and set forth in an Officer’s Certificate of the Company or in one or more indentures supplemental hereto, and any Guarantee by any Guarantor endorsed on or
attached to any Security issued pursuant to this Indenture shall be substantially in such form (not inconsistent with this Indenture) as shall be established by or pursuant to such a resolution of such applicable Guarantor’s Board of Directors
and set forth in an Officer’s Certificate of such Guarantor, or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this
Indenture or any indenture supplemental hereto (the provisions of which shall be appropriate to reflect the terms of each Series of Securities and may have imprinted or otherwise reproduced thereon such legend or legends, not inconsistent with
the provisions of this Indenture or any indenture supplemental hereto, as may be required to comply with any law or with any rules or regulations pursuant thereto, or with any rules of any securities exchange or to conform to general
usage, all as may be determined by the Officers executing such Securities as evidenced by their execution of the Securities); provided, however, that the form of any Security that is designated as a Term Note shall be substantially in
the form of Exhibit A hereto or as may be determined from time to time pursuant to Sections 2.01 and 2.04 hereof. 
 The definitive
Securities, and any Guarantee endorsed thereon or attached thereto, shall be printed, or may be produced in any other manner, all as determined by the Officers executing such Securities as evidenced by their execution of such Securities and, if any
such Guarantee is executed by a Guarantor, by the Officers of such Guarantor executing such Guarantee, as evidenced by their execution of any such Guarantee. 

The Trustee’s certificate of authentication on all Securities shall be in substantially the following form: 

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

  
 8 

 
			
		 	  
 as
Trustee

	By:	 	  

		 	Authorized Officer

 If at any time there shall be an authenticating agent appointed with respect to any Series of
Securities, then the Trustee’s Certificate of Authentication to be borne by the Securities of each such Series shall be substantially as follows: 

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

 

			
		 	  
 as authenticating
agent

		
	By:	 	  

		 	Authorized Officer

 Anything herein to the contrary notwithstanding, there shall be no requirement that any Security have
endorsed thereon or attached thereto a Guarantee or a notation of a Guarantee, but such a Guarantee or notation of a Guarantee may be endorsed thereon or attached thereto as contemplated by this Section 2.01. 

Section 2.02 Amount Unlimited; Issuable in Series. 

The Securities may be issued in one or more Series. There shall be established certain terms in or pursuant to a resolution of the
Board of Directors and set forth in an Officer’s Certificate of the Company, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any Series; provided, that, in connection with the
establishment pursuant to a resolution of the Board of Directors of the initial Tranche of Securities of a particular Series, such Officer’s Certificate may provide that the terms of subsequent Tranches of the same Series of Securities, if the
terms thereof are established pursuant to such a resolution of the Board of Directors, may be evidenced by the delivery by an Officer to the Trustee of a pricing supplement with respect to such Tranche, and such Officer’s Certificate shall be
deemed to be delivered, together with such pricing supplement, as of the date of delivery of such pricing supplement to the Trustee, and the Trustee shall be protected (subject to Section 7.01 of this Indenture) in relying on such documents
until such Officer’s Certificate is expressly superseded or revoked. The terms of any Series of Securities to be established in or pursuant to a resolution of the Board of Directors or established in one or more indentures supplemental hereto
include, together with any other terms as are not expressly prohibited in this Indenture, the following: 
 (a) the title and ranking
of the Securities of the Series (which title shall distinguish the Securities of the Series from all other Securities issued by the Company); 

(b) 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 Sections 2.09, 2.10 or 2.13 or Article 3); 

(c) if other than 100% of its aggregate principal amount, the percentage of the aggregate principal amount at which the Securities of the
Series will be offered; 
 (d) the date or dates (whether fixed or extendable) on which the principal and premium, if any, of the
Securities of the Series is payable; 
 (e) the rate or rates, which may be fixed or variable, at which the Securities of the
Series shall bear interest, if any, the date or dates from which such interest shall accrue, the interest payment dates on which such interest shall be payable, the basis upon which interest shall be calculated if other than that of a 360-day
year consisting of twelve 30-day months and the record dates for the determination of Holders to whom interest is payable; 

  
 9 

 (f) any provisions relating to the issuance of the Securities of the Series at an Original
Issue Discount; 
 (g) the place or places where the principal and premium, if any, of and interest on Securities of the Series shall be
payable (if other than as provided elsewhere in this Indenture); 
 (h) whether any of such Securities are to be redeemable at the option of
the Company, and if so, the price or prices at which, the period or periods within which and the terms and conditions upon which Securities of the Series may be so redeemed, in whole or in part, at the option of the Company, pursuant to any
sinking fund or otherwise; 
 (i) if other than 100% of the aggregate principal amount thereof, the portion of the principal amount of the
Securities of the Series which shall be payable upon declaration of acceleration of the maturity date thereof pursuant to Section 6.02 or provable in bankruptcy pursuant to Section 6.09; 

(j) if other than currency of the United States of America, the currency or currencies, including composite currencies, in which the principal
of or any premium or interest on the Securities of the Series shall be payable and the manner of determining the equivalent of such amount in U.S. Dollars is to be determined for any purpose, including for the purpose of determining the principal
amount of such Series deemed to be outstanding at any time; 
 (k) the obligation, if any, of the Company to redeem, purchase or repay
Securities of the Series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof (including the Survivor’s Option and the terms and conditions thereof), and the price or prices, at which, and the period or
periods within which, and the terms and conditions upon which Securities of the Series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation (including, without limitation, the terms or method of payment
thereof if other than cash), and any provision for the remarketing of the Securities; 
 (l) if other than denominations of $1,000 and any
integral multiple thereof, the denominations in which Securities of the Series shall be issuable; 
 (m) whether the Securities of the
Series will be certificated and, if so, the form of the Securities, including such legends as required by law or as the Company deems necessary or appropriate, the form of any temporary global security which may be issued; 

(n) whether Securities of the Series are issuable in Tranches; 

(o) if other than the Trustee, any trustees, authenticating or Paying Agents, transfer agents or registrars or any other agents with respect to
the Securities of such Series; 
 (p) if the Securities of such Series do not bear interest, the applicable dates for purposes of
Section 4.01 hereof; 
 (q) any addition to, deletion of or change in the Events of Default which applies to any Securities of the
Series and any change in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.02; 

(r) if the amount of payments of principal of, and make-whole amount, if any, and interest on, the Securities of the Series may be
determined with reference to an index, the manner in which such amounts shall be determined; 

  
 10 

 (s) any deletions from, modifications of or additions to any other affirmative or negative
covenants with respect to the Securities of such Series; 
 (t) whether the Securities of such Series shall be issued in whole or in
part in the global form of one or more Securities (a “Global Security”) and in such case, (i) the Depositary for such Securities, which Depositary must be a clearing agency registered under the Exchange Act; (ii) the
circumstances under which any such Global Securities may be exchanged for Global Securities registered in the name of, and under which any transfer of such Global Securities may be registered in the name of, any Person other than such Depositary or
its nominee, if other than as set forth in Section 2.17; and (iii) any other provisions regarding such Global Securities which provisions may be in addition to or in lieu of, in whole or in part, the provisions of Section 2.17; 

(u) whether the Securities of the Series, in whole or in specified part, will not be defeasible pursuant to Section 8.04 or 8.05, or both
such Sections, and, if the Securities may be defeased, in whole or in specified part, pursuant to either or both such Sections, any provisions to permit a pledge of obligations other than Government Securities (or the establishment of other
arrangements) to satisfy the requirements of Section 8.06 for defeasance of the Securities and, if other than by a resolution of the Board of Directors of the Company, the manner in which any election by the Company to defease the Securities
will be evidenced; 
 (v) if the Securities of such Series are to be guaranteed by any Guarantors, the names of any Guarantors of the
Securities of such Series and the terms of the Guarantees of the Securities of such Series, including any deletions from, or modifications of or additions to, the provisions of Article 10 or any other provisions of this Indenture in
connection therewith; 
 (w) whether the Securities of such Series are to be secured by any property, assets or other collateral and, if
so, the applicable collateral, any deletions from, modifications of or additions to the provisions of Article 11; and 
 (x) any other
terms or conditions upon which the Securities of the Series are to be issued (which terms shall not be inconsistent with the provisions of this Indenture). 

If the Securities of any Series are to be guaranteed by any Guarantor pursuant to Article 10, there shall be established in or
pursuant to one or more resolutions of such Guarantor’s Board of Directors and set forth in an Officer’s Certificate of such Guarantor, or established in one or more indentures supplemental hereto, prior to the issuance of such Securities,
the terms of the Guarantee by such Guarantor with respect to such Securities, which terms may differ from those set forth in Article 10. 

All Securities of any one Series shall be substantially identical except as to denomination, except as provided in the immediately
succeeding paragraph, and except as may otherwise be provided in or pursuant to such resolution of the Board of Directors of the Company or in any such indenture supplemental hereto. All Securities of any one Series need not be issued at
the same time, and unless otherwise provided, a Series may be reopened, 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). 
 Each Series may be issued in one or
more Tranches. Except as provided in the foregoing paragraph, all Securities of a Tranche shall have the same issue date, maturity date, interest rate or method of determining interest, and, in the case of Original Issue Discount Securities,
the same issue price. 
 If any of the terms of the Securities of any Series are established by action taken pursuant to a resolution of the
Board of Directors, a copy of an appropriate record of such action shall be certified by the Secretary or any Assistant Secretary of the Company and delivered to the Trustee at the same time as or prior to the delivery of the Officers’
Certificate setting forth the terms of the Series; provided, that in connection with a particular Series of Securities, the Trustee shall be entitled to receive such certification only at or before the time of the first request of the Company
to the Trustee to authenticate a Tranche of such Series and the Trustee shall be protected (subject to Section 7.01 of this Indenture) in relying on such document in authenticating Tranches of Securities of such Series until such document is
superseded or revoked. Insofar as is consistent with the terms of this Indenture, the issuance and administration of Securities issued hereunder (including with respect to the Survivor’s Option) shall be governed by the Administrative
Procedures. 

  
 11 

 Section 2.03 Execution of Securities and Guarantees. 

At least one Officer must sign the Securities and, if any Guarantee is to be endorsed on or attached to any Securities, and if such Guarantee
provides for the execution thereof by the applicable Guarantor (it being understood and agreed that any such Guarantee may, but need not, provide for execution by the applicable Guarantor), such Guarantee, for the Company or such Guarantor, as
applicable, by manual or facsimile signature. Typographical and other minor errors or defects in any such reproduction of any such signature shall not affect the validity or enforceability of any Security or any Guarantee that has been duly
authenticated and delivered by the Trustee. If an Officer whose signature is on a Security or any Guarantee no longer holds that office at the time a Security or any Guarantee, if any, is authenticated, the Security or any Guarantee will
nevertheless be valid. A Security or any Guarantee will not be valid until authenticated by the manual signature of the Trustee. The signature will be conclusive evidence that the Security or any Guarantee has been authenticated under this
Indenture. 
 The Trustee may appoint an authenticating agent acceptable to the Company to authenticate any Securities or any Guarantees, if
any. An authenticating agent may authenticate Securities or any Guarantees, if any, 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 an Agent to deal with Holders or an Affiliate of the Company. 
 Section 2.04 Authentication and
Delivery of Securities. 
 At any time and from time to time after the execution and delivery of this Indenture, the Company may
deliver Securities of any Series, together with, if the terms of such Securities provide for the endorsement thereon or attachment thereto of any Guarantees by any Guarantors, such Guarantees endorsed thereon or attached thereto and, if such terms
so provide, executed by such Guarantors, to the Trustee for authentication, together with the applicable documents referred to below in this Section 2.04, and the Trustee shall thereupon authenticate and deliver such Securities with any such
Guarantees endorsed thereon or attached thereto, to or upon the written order of the Company or such Guarantors, signed by any Officer of the Company, and if applicable, such Guarantors (an “Authentication Order”), or in accordance
with procedures acceptable to the Trustee and set forth in a previously received Authentication Order and Administrative Procedures, without any further action by the Company. Among other things, such procedures may specify that instructions to the
Trustee as to the authentication and delivery of Securities may be (i) given on behalf of the Company by any of its authorized agents and/or (ii) provided pursuant to electronic instructions via e-mail or otherwise, and in each case the
Trustee may (subject to Section 7.01 of this Indenture) conclusively rely on such instructions as if given by the Company until such Authentication Order is expressly revoked by a subsequent Authentication Order. Notwithstanding the foregoing,
the Trustee shall have the right, but shall not be required, to rely upon and comply with notices, instructions, directions or other communications sent by e-mail, facsimile and other similar unsecured electronic methods by persons believed by the
Trustee to be authorized to give instructions and directions on behalf of the Company. In authenticating such Securities appertaining thereto, with any such Guarantees endorsed thereon or attached thereto, and accepting the additional
responsibilities under this Indenture in relation to such Securities and Guarantees, the Trustee shall be entitled to receive and (subject to Section 7.01) shall be fully protected in relying upon: 

(a) an Authentication Order; 
 (b)
a certified copy of any resolution or resolutions of the Company’s Board of Directors or any Guarantor’s Board of Directors authorizing the action taken pursuant to the resolution or resolutions delivered under clause (b) of this
Section 2.04; 
 (c) a copy of any resolution or resolutions of the Company’s Board of Directors relating to such Series or
any resolution or resolutions of each applicable Guarantor’s Board of Directors relating to such Guarantor’s Guarantee, in each case, certified by the secretary or an assistant secretary of the Company or Guarantor, as applicable; 

  
 12 

 (d) an executed supplemental indenture, if any; 

(e) an Officer’s Certificate of the Company setting forth the form and terms of the Securities of such Series as required pursuant to
Sections 2.01 and 2.02, respectively, and prepared in accordance with Sections 12.04 and 12.05; 
 (f) an Officer’s Certificate of each
applicable Guarantor setting forth the form and terms of such Guarantor’s Guarantee of such Series as required pursuant to Sections 2.01 and 2.02, respectively, and prepared in accordance with Sections 12.04 and 12.05; 

(g) at the option of the Company, either an Opinion of Counsel, prepared in accordance with Sections 12.04 and 12.05, or a letter addressed to
the Trustee allowing the Trustee to rely on an Opinion of Counsel (attaching a copy of such Opinion of Counsel), substantially to the effect that: 

(1) the form or forms and terms of such Securities have been established by or pursuant to a resolution of the Board of
Directors of the Company or by a supplemental indenture as permitted by Sections 2.01 and 2.02 in conformity with the provisions of this Indenture; and 

(2) such Securities have been duly authorized, and, when authenticated and delivered by the Trustee and issued by the Company
in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and binding obligations of the Company enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization
or other laws relating to or affecting the enforcement of creditors’ rights and by general equitable principles, regardless of whether such enforceability is considered in a proceeding in equity or at law; 

(h) at the option of each applicable Guarantor, either an Opinion of Counsel, prepared in accordance with Sections 12.04 and 12.05, or a letter
addressed to the Trustee allowing the Trustee to rely on an Opinion of Counsel (attaching a copy of such Opinion of Counsel), substantially to the effect that: 

(1) the form or forms and terms of such Guarantor’s Guarantee, if any, have been duly established by or pursuant to a
resolution of such Guarantor’s Board of Directors or by a supplemental indenture as permitted by Sections 2.01 and 2.02 in conformity with the provisions of this Indenture; and 

(2) such Guarantee, if any, has been duly authorized, and, when such Securities with such Guarantee endorsed thereon or
attached thereto are authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, such Guarantee will constitute a valid and binding obligation of such
Guarantor enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization or other laws relating to or affecting the enforcement of creditors’ rights and by general equitable principles, regardless of
whether such enforceability is considered in a proceeding in equity or at law; 
 provided, however, that in the case of any
Series issuable in Tranches, if the Trustee has previously received the documents referred to in Section 2.04(a)-(g) with respect to such Series, the Trustee shall authenticate and deliver Securities of such Series executed and
delivered by the Company and, if required, any Guarantor of any Guarantee endorsed thereon or attached thereto, for original issuance upon receipt by the Trustee of an Authentication Order. 

The Trustee shall have the right to decline to authenticate and deliver any Securities under this Section if the Trustee, being advised
by counsel, determines that such Securities may not lawfully be issued by the Company, or, if the terms of such Securities provide for the endorsement thereon or attachment thereto of any Guarantees by any Guarantors, that any such Guarantee may not
lawfully be made, or if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under this Indenture in a manner not reasonably acceptable to the Trustee, determined by the Trustee in
its sole discretion. 

  
 13 

 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 2.14, together with a written statement (which need not comply with Sections 12.04 and 12.05
and need not be accompanied by an Opinion of Counsel) stating that such Security has never been issued and sold by the Company, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder
and shall never be entitled to the benefits of this Indenture. 
 Section 2.05 Registrar and Paying Agent. 

The Company will maintain an office or agency where Securities may be presented for registration of transfer or for exchange pursuant to
Section 2.09 hereof (“Registrar”) and an office or agency where Securities may be presented for payment (“Paying Agent”). The Registrar will keep a register of the Securities and of their transfer and
exchange. The Company may appoint one or more co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrar and the term “Paying Agent” includes any additional paying
agent. The Company may change any Paying Agent or Registrar without notice to any Holder. The Company will notify the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Company fails to
appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Company or any of its Subsidiaries may act as Paying Agent or Registrar. 

The Company initially appoints the Trustee to act as the Registrar and Paying Agent and to act as Custodian with respect to any Global
Securities. 
 Section 2.06 Paying Agent to Hold Money in Trust. 

The Company will require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust for the benefit
of Holders of the Securities of any Series or the Trustee all money held by the Paying Agent for the payment of principal of, premium on, if any, and interest on, if any, the Securities of any Series and will notify the Trustee of any
default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money
held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary) will have no further liability for the money. If the Company or a Subsidiary acts as Paying Agent, it will segregate
and hold in a separate trust fund for the benefit of the Holders of the Securities of any Series all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee will serve as
Paying Agent for the Securities of any Series. 
 Section 2.07 Holder Lists. 

The Trustee will preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of
all Holders and shall otherwise comply with TIA §312(a). If the Trustee is not the Registrar, the Company will furnish to the Trustee at least seven Business Days before each interest payment date and at such other times as the Trustee may
request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders and the Company shall otherwise comply with TIA §312(a). 

Section 2.08 Denomination and Date of Securities; Payments of Interest. 

The Securities of any Series shall be issuable in definitive registered form without coupons and in such denominations as shall be
specified as contemplated by Section 2.02. In the absence of any such specification with respect to the Securities of any Series, the Securities of such Series shall be issuable in denominations of $1,000 and any multiple thereof, and
interest shall be computed on the basis of a 360-day year of twelve 30-day months. The Securities of any Series shall be numbered, lettered, or otherwise distinguished in such manner or in accordance with such plan as the Officers of the
Company executing the same may determine with the approval of the Trustee as evidenced by the execution and authentication thereof. 
 Each
Security shall be dated the date of its authentication, shall bear interest from the date and shall be payable on the dates, in each case, which shall be specified as contemplated by Section 2.02. 

  
 14 

 Interest on any Security which is payable, and is punctually paid or duly provided for, on any
interest payment date shall be paid to the Person in whose name that Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for the payment of such interest. 

The term “record date” as used with respect to any interest payment date (except for a date for payment of defaulted interest) shall
mean the date specified as such in the terms of the Securities of any Series, or, if no such date is so specified, if such interest payment date is the first day of a calendar month, the close of business on the fifteenth day of the next preceding
calendar month or, if such interest payment date is the fifteenth day of a calendar month, the close of business on the first day of such calendar month, whether or not such record date is a Business Day. 

Any interest on any Security of any Series which is payable, but is not punctually paid or duly provided for, on any interest payment date
(called “defaulted interest” for the purpose of this Section 2.08) shall forthwith cease to be payable to the registered Holder on the relevant record date by virtue of his or her having been such Holder; and such defaulted interest
may be paid by the Company, at its election in each case, as provided in clause (a) or clause (b) below: 
 (a) The Company may
elect to make payment of any defaulted interest to the Persons in whose names any such Securities (or their respective predecessor Securities) are registered at the close of business on a special record date for the payment of such defaulted
interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of defaulted interest proposed to be paid on each Security of such Series and the date of the proposed payment, and at
the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such defaulted interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the
date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such defaulted interest as in this clause provided. Thereupon the Trustee shall fix a special record date for the payment of
such defaulted interest in respect of Securities of such Series which shall be not more than 15 nor less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the
proposed payment. The Trustee shall promptly notify the Company of such special record date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such defaulted interest and the special record date
thereof to be sent to each Holder at his or her address as it appears in the Security register, 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 sent as aforesaid, such defaulted interest in respect of Securities of such Series shall be paid to the Person in whose names such Securities (or their respective predecessor Securities) are registered on such special
record date and such defaulted interest shall no longer be payable pursuant to the following clause (b). 
 (b) The Company may make payment
of any defaulted interest on the Securities of any Series in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of that Series may be listed, and upon such notice as may be
required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such payment shall be deemed practicable by the Trustee. 

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

Section 2.09 Transfer and Exchange. 

(a) Transfer and Exchange of Securities. 

(1) The Company shall cause to be kept at the Corporate Trust Office of the Trustee a register (the register maintained in such
office and in any other office or agency designated pursuant to Sections 2.05 and 4.02 being herein sometimes collectively referred to as the “Securities Register”) in which, subject to such reasonable regulations as it may
prescribe, the Company shall provide for the registration of Securities and of transfers of Securities. The Trustee is hereby appointed “Registrar” for the purposes of registration and transfer of Securities as herein provided. 

  
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 (2) Upon surrender for registration of transfer of any Securities of any
Series at an office or agency of the Company designated pursuant to Sections 2.05 and 4.02 for such purpose, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one
or more new Securities of such Series of any authorized denominations, of a like aggregate principal amount. 
 (3) At
the option of the Holder, Securities of any Series may be exchanged for other Securities of the same Series, of any authorized denominations, of a like aggregate principal amount, upon surrender of the Securities of such Series to be
exchanged at such office or agency, and upon payment, if the Company shall so require, of the charges hereinafter provided. 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. 
 (b) General Provisions Relating to Transfers and
Exchange. 
 (1) To permit registrations of transfers and exchanges, the Company will execute and the Trustee with
authenticate, Securities upon receipt of an Authentication Order in accordance with Section 2.04 hereof or at the Registrar’s request. 

(2) No service charge will be made to a Holder of a beneficial interest in a Security for any registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or
transfer pursuant to Sections 2.09, 2.13 and 9.06 and Article 3 hereof). 
 (3) The Registrar will not be required to
register the transfer of or exchange of any Security selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 

(4) Every Security presented or surrendered for registration of transfer or exchange shall (if so required by the Company, any
applicable Guarantor or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed, by the Holder thereof or his or her attorney duly authorized in writing.

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

(6) Neither the Registrar nor the Company will be required to: 

(A) issue, to register the transfer of or to exchange any Securities during a period beginning at the opening of business 15
days before the day of any selection of Securities of such Series for redemption under Article 3 hereof and ending at the close of business on the day of selection; 

(B) register the transfer of or to exchange any Security selected for redemption in whole or in part, except the unredeemed
portion of any Security being redeemed in part; or 
 (C) register the transfer of or to exchange a Security between a
record date and the next succeeding interest payment date. 

  
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 (7) Prior to due presentment for the registration of a transfer of any Security,
the Trustee, any Agent and the Company may deem and treat the Person in whose name any Security is registered as the absolute owner of such Security for the purpose of receiving payment of principal of and interest on such Security and for all other
purposes, and none of the Trustee, any Agent or the Company shall be affected by notice to the contrary. 
 (8) The Trustee
will authenticate Securities in accordance with Section 2.04 hereof. 
 (9) Any Holder of a Global Security shall, by
acceptance of such Global Security, agree that transfers of beneficial interests in such Global Security may be effected only through a book entry system maintained by the Holder of such Global Security (or its agent), and that ownership of a
beneficial interest in the Security shall be required to be reflected in a book entry. 
 (10) All certifications,
certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this Section 2.09 to effect a registration of transfer or exchange may be submitted by facsimile or electronic transmission. 

Section 2.10 Replacement Securities. 

If any mutilated Security is surrendered to the Trustee or the Company and the Trustee receives evidence to its satisfaction of the
destruction, loss or theft of any Security, the Company will issue and the Trustee, upon receipt of an Authentication Order, will authenticate a replacement Security of the same Series, bearing a number not contemporaneously outstanding, if the
Trustee’s requirements are met. If required by the Trustee or the Company, an indemnity bond must be supplied by the Holder thereof that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any
Agent and any authenticating agent from any loss that any of them may suffer if a Security is replaced. The Company may charge for its expenses in replacing a Security. 

Upon the issuance of any replacement Security, 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. In case any Security which has matured or is about to mature or has been called for redemption in full
shall become mutilated or defaced or be destroyed, lost or stolen, the Company may, instead of issuing a replacement Security, pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated or defaced
Security), if the applicant for such payment shall furnish to the Company and to the Trustee and any agent of the Company or the Trustee such security or indemnity as any of them may require to save each of them harmless, and, in every case of
destruction, loss or theft, the applicant shall also furnish to the Company and the Trustee and any agent of the Company or the Trustee evidence to their satisfaction of the destruction, loss or theft of such Security and of the ownership thereof.

 Every replacement Security is an additional obligation of the Company and will be entitled to all of the benefits of this Indenture
equally and proportionately with all other Securities of the same Series duly issued hereunder. 
 Section 2.11 Outstanding Securities. 

The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered to
it for cancellation, those reductions in the interest in a Global Security effected by the Trustee in accordance with the provisions hereof, and those described in this Section 2.11 as not outstanding. Except as set forth in
Section 2.12 hereof, a Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security. 

If a Security is replaced pursuant to Section 2.10 hereof, it ceases to be outstanding unless the Trustee receives proof satisfactory to
it that the replaced Security is held by a bona fide purchaser. 
 If the principal amount of any Security is considered paid under
Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. 

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

Section 2.12 Treasury Securities. 

In determining whether the Holders of the required principal amount of Securities of such Series have concurred in any direction, waiver
or consent, Securities of such Series owned by the Company or any Guarantor, or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any Guarantor, will be considered
as though not outstanding, except that for the purposes of determining whether the Trustee will be protected in relying on any such direction, waiver or consent, only Securities of such Series that the Trustee knows are so owned will be so
disregarded. 
 Section 2.13 Temporary Securities. 

Until certificates representing the Securities are ready for delivery the Company, and, if applicable, any applicable Guarantors, may prepare
and execute, and the Trustee, upon receipt of an Authentication Order, will authenticate and deliver, temporary Securities for such Series (printed, lithographed, typewritten or otherwise reproduced, in each case in form satisfactory to the
Trustee). Temporary Securities of any Series may be issued in any authorized denomination and substantially in the form of the definitive Securities of such Series but with such omissions, insertions and variations as may be
appropriate for temporary Securities, all as may be determined by the Company with the concurrence of the Trustee. Temporary Securities may contain such reference to any provisions of this Indenture as may be appropriate. Every temporary
Security shall be executed by the Company, and, if applicable, any applicable Guarantors, and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect, as the definitive
Securities. Without unreasonable delay, the Company, and, if applicable, any applicable Guarantors, shall execute and shall furnish definitive Securities of such Series, and thereupon temporary Securities of such Series may be
surrendered in exchange therefor without charge at each office or agency to be maintained by the Company for that purpose pursuant to Sections 2.05 and 4.02, and the Trustee shall authenticate and deliver in exchange for such temporary Securities of
such Series a like aggregate principal amount of definitive Securities of the same Series of authorized denominations. 
 Holders
of temporary Securities will be entitled to all of the benefits of this Indenture. 
 Section 2.14 Cancellation. 

The Company at any time may deliver Securities of such Series to the Trustee for cancellation. The Registrar and Paying Agent will
forward to the Trustee any Securities of such Series surrendered to them for registration of transfer, exchange or payment. The Trustee, and no one else, will cancel all Securities of such Series surrendered for registration of
transfer, exchange, payment, replacement or cancellation and will dispose of the canceled Securities of such Series held by it following its customary procedures (subject to the record retention requirement of the Exchange Act). A
certificate of disposition of all canceled Securities of such Series will be delivered to the Company upon written request. The Company may not issue new Securities of such Series to replace Securities of such Series that it has
paid or that have been delivered to the Trustee for cancellation. 
 Section 2.15 Additional Securities; Additional Term Notes. 

The Company may, from time to time, without the consent of the Holders of Securities of any Series, issue additional Securities in a new
Tranche of the Series known as Term Notes, and each such new Tranche of Term Notes shall have a separate CUSIP, ISIN and/or Common Code number, as applicable. The Company may also, from time to time, issue additional Term Notes in respect of an
existing Tranche of Term Notes; provided, however, that such additional Term Notes must be fungible with any Tranche of Term Notes to which they are being added for U.S. federal income tax purposes or must be issued under a different
CUSIP, ISIN and/or Common Code number, as applicable. 

  
 18 

 Any Term Notes issued as part of the Series of Securities designated as Term Notes, in as many
Tranches as may be constituted thereunder, together with any other Term Notes, will form a part of and constitute a single Series of Securities under the Indenture and shall be included in the definition of “Securities” in the Indenture
where the context requires. 
 Section 2.16 CUSIP Numbers and Other Identifying Numbers. 

The Company in issuing the Securities may use “CUSIP” and other identifying numbers (if then generally in use), and, if so, the
Trustee shall use numbers in notices of redemption and other notices to the Holders as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on
the Securities or as contained in any notice of a redemption or other notice and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption or other matter to which such notice applies
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 or other numbers. 

Section 2.17 Book-Entry Provisions for Global Security. 

(a) Any Global Security of a Series initially shall (1) be registered in the name of the Depositary or the nominee of such
Depositary, (2) be delivered to the Trustee as Custodian for such Depositary and (3) bear any required legends. Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under this
Indenture with respect to any Global Security held on their behalf by the Depositary, or the Trustee as its Custodian, or under the Global Security, and the Depositary may be treated by the Company, the Trustee and any agent of the Company or the
Trustee as the absolute owner of the Global Security for all purposes whatsoever. Notwithstanding the foregoing, 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 the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of any Security. 

(b) Transfers of any Global Security shall be limited to transfers in whole, but not in part, to the Depositary, its successors or their
respective nominees. Interests of beneficial owners in the Global Security may be transferred or exchanged for definitive Securities in accordance with the rules and procedures of the Depositary. Definitive Securities shall be transferred
to all beneficial owners in exchange for their beneficial interests in a Global Security only if (1) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for the Global Security and a successor Depositary
is not appointed by the Company within 90 days of such notice or (2) an Event of Default has occurred and is continuing. 
 (c) In
connection with any transfer or exchange of a portion of the beneficial interest in any Global Security to beneficial owners pursuant to clause (b) of this Section 2.17, the Registrar shall (if one or more definitive Securities are to be
issued) reflect on the Securities Register the date and a decrease in the principal amount of the Global Security in an amount equal to the principal amount of the beneficial interest in the Global Security to be transferred, and the Company shall
execute, and the Trustee shall authenticate and deliver, one or more definitive Securities of like tenor and amount. 
 (d) In connection
with the transfer of an entire Global Security to beneficial owners pursuant to clause (b) of this Section 2.17, the Global Security shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and the
Trustee shall authenticate and deliver, to each beneficial owner identified by the Depositary in exchange for its beneficial interest in the Global Security, an equal aggregate principal amount of definitive Securities of authorized denominations.

 (e) The Holder of any Global Security may grant proxies and otherwise authorize any Person, including Agent Members and Persons that may
hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Securities of such Series. 

  
 19 

 Section 2.18 Interest Act (Canada). 

For the purposes of the Interest Act (Canada) and disclosure thereunder, whenever any interest is made payable hereunder or in the Securities
of any Series at any rate or percentage for or based on a period of 360 days, the yearly rate or percentage of interest to which such rate or percentage of interest is equivalent is the rate or percentage stipulated herein or in the Securities
multiplied by the actual number of days in the calendar year and divided by 360. The foregoing sentence is for disclosure purposes only and shall not otherwise affect the terms of this Indenture or the Securities. To the extent that the Interest Act
(Canada) is applicable, all interest which accrues under this Indenture on the Securities shall be calculated by the Company or any dealer manager using the nominal rate method and not the effective rate method and the deemed reinvestment principle
shall not apply to such calculations. 
 ARTICLE 3 

REDEMPTION 
 Section 3.01
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 2.02 for Securities of any Series) in accordance with this Article 3; provided, however, that if any provision of any such Security
shall conflict with any provision of this Article 3, the provision of such Security of such Series shall govern. 
 Section 3.02 Election to
Redeem. 
 The right of the Company to elect to redeem any Securities of any Series shall be set forth in the terms of such
Securities of such Series established in accordance with Section 2.02. In the case of any redemption of Securities of such Series prior to the expiration of any restriction on such redemption provided in the terms of such Securities
of such Series or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officer’s Certificate evidencing compliance with such restriction. 

Section 3.03 Notices to Trustee. 
 If
the Company elects to redeem Securities of any Series pursuant to this Indenture or the terms of the Securities of any Series established pursuant to Section 2.02 hereof, it must furnish to the Trustee, at least 45 days before the
redemption date of any redemption permitted hereunder, an Officer’s Certificate setting forth: 
 (a) the clause of this Indenture, of
any resolution of the Board of Directors or Officer’s Certificate establishing the Securities of any Series or of any indenture supplemental hereto pursuant to which the redemption shall occur; 

(b) the redemption date; 
 (c) the
principal amount of Securities of any Series to be redeemed; and 
 (d) the redemption price. 

Section 3.04 Selection of Securities to Be Redeemed. 

If less than all of the Securities of any Series are to be redeemed at any time, the Trustee will select Securities of such
Series for redemption by such method as may be specified by the terms of such Securities of such Series or, if no such method is so specified, by such method as the Trustee shall deem appropriate and which may provide for the selection for
redemption of portions of the principal amount of Securities of such Series, unless otherwise required by law or applicable stock exchange or depositary requirements. 

  
 20 

 In the event of partial redemption, the particular Securities of any Series to be redeemed
will be selected, unless otherwise provided herein, not less than 30 days nor more than 60 days prior to the redemption date by the Trustee from the outstanding Securities of such Series not previously called for redemption. 

The Trustee will promptly notify the Company in writing of the Securities of such Series selected for redemption and, in the case of any
Security selected for partial redemption, the principal amount thereof to be redeemed. Securities of such Series and portions of such Securities selected will be in multiples equal to the minimum authorized denomination for Securities of
such Series. Except as provided in the preceding sentence, provisions of this Indenture that apply to Securities of any Series called for redemption also apply to portions of such Securities called for redemption. 

Section 3.05 Notice of Redemption. 

At least 30 days but not more than 60 days before a redemption date, the Company will send or cause to be sent a notice of redemption to each
Holder whose Securities are to be redeemed at its registered address, except that redemption notices may be sent more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Securities or a satisfaction
and discharge of this Indenture pursuant to Article 8 hereof. 
 The notice will identify the Securities to be redeemed and will state: 

(a) the redemption date; 
 (b) the
redemption price; 
 (c) if any Securities of any Series is being redeemed in part, the portion of the principal amount of such Security
to be redeemed and that, after the redemption date upon surrender of such Security, a new Security or Securities of the same Series and in principal amount equal to the unredeemed portion will be issued upon cancellation of the original Security;

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

(e) that Securities of any Series called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

(f) that such redemption is pursuant to the mandatory or optional sinking fund, or both, if such be the case; 

(g) that, unless the Company defaults in making such redemption payment, interest on Securities of any Series called for redemption ceases
to accrue on and after the redemption date; 
 (h) the paragraph of the Securities and/or Section of this Indenture, of any resolution
of the Board of Directors or Officer’s Certificate establishing the Securities of any Series or of any indenture supplemental hereto pursuant to which the Securities of such Series called for redemption are being redeemed; and 

(i) that no representation is made as to the correctness or accuracy of the CUSIP number, if any, listed in such notice or printed on the
Securities of such Series. 
 At the Company’s request, the Trustee will give the notice of redemption in the Company’s name and at
its expense; provided, however, that the Company has delivered to the Trustee, at least 45 days prior to the redemption date (or a shorter period as agreed to by the Trustee), an Officer’s Certificate requesting that the Trustee
give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 

  
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 Section 3.06 Effect of Notice of Redemption. 

Subject to the next succeeding sentence, once notice of redemption is sent as provided in Sections 3.05 and 12.02, Securities of a Series
called for redemption become due and payable on the redemption date and at the redemption price. Except as otherwise provided in any indenture supplemental hereto, a resolution of the Board of Directors of the Company or Officer’s Certificate
for a Series, a notice of redemption may be conditional. Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price plus accrued interest to the redemption date. 

Section 3.07 Deposit of Redemption Price. 

Not later than 10:00 a.m. New York City time on the redemption date, the Company will deposit with the Trustee or with the Paying Agent
money sufficient to pay the redemption price of, and accrued interest, if any, on all Securities of such Series to be redeemed on that date. The Trustee or the Paying Agent will promptly return to the Company any money deposited with the
Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption price of, and accrued interest, if any, on all Securities of such Series to be redeemed. 

If the Company complies with the provisions of the preceding paragraph, on and after the redemption date, interest will cease to accrue on the
Securities of such Series or the portions thereof called for redemption, any Guarantees endorsed thereon or attached thereto shall cease from and after the date fixed for redemption to be entitled to any benefit or security under this Indenture, and
the Holders thereof shall have no right in respect of such Securities or Guarantees except the right to receive the redemption price and unpaid interest to the date fixed for redemption. If a Security is redeemed on or after an interest record date
but on or prior to the related interest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security was registered at the close of business on such record date. If any Security called for redemption is
not so paid upon surrender for redemption because of the failure of the Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption date until such principal is paid, and to the extent lawful
on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities of such Series and Section 4.01 hereof. 

Section 3.08 Securities Redeemed or Purchased in Part. 

Upon surrender of a Security that is redeemed in part, the Trustee shall authenticate for the Holder a new Security of the same Series and the
same maturity equal in principal amount to the unredeemed portion of the Security surrendered. 
 Section 3.09 Survivor’s Option. 

If so specified in any Security, the representative of a beneficial owner of such Security shall have the option to elect repayment or
repurchase of such Security following the death of the beneficial owner of such Security (the “Survivor’s Option”). The terms of any such Survivor’s Option shall be specified by the Company pursuant to Section 2.02
hereof and set forth in the terms of the applicable Security. Exercise of the Survivor’s Option for Securities of any Series shall be made in accordance with such terms and this Section 3.09; provided, however, that if any provision of a
Series of Securities conflicts with any provision of this Section 3.09, the provision of such Series of Securities shall govern. 

Pursuant to the valid exercise of the Survivor’s Option, the Company shall repay or repurchase any Security (or portion thereof) properly
tendered for repayment or repurchase by or on behalf of the person (the “Representative”) that has authority to act on behalf of the deceased beneficial owner of a Security under the laws of the appropriate jurisdiction (including,
without limitation, the personal representative or executor of the deceased beneficial owner or surviving joint owner with such deceased beneficial owner) at a price equal to 100% of the principal amount of the deceased beneficial owner’s
beneficial interest in such Security plus accrued interest to the date of such repayment or repurchase (or at a price equal to the Amortized Face Amount for Original Issue Discount Securities and Zero-Coupon Securities on the date of such repayment
or repurchase), subject to any limitations set forth with respect to such Survivor’s Option with respect to aggregate exercises of Survivor’s Options in any year or on behalf of any one deceased beneficial owner (each, a “Put
Limitation”). Any Security (or portion thereof) tendered pursuant to a valid exercise of the Survivor’s Option may not be withdrawn. 

  
 22 

 Each Security (or portion thereof) that is tendered pursuant to valid exercise of the
Survivor’s Option shall be accepted in the order all such Securities are received by the Trustee, except for any Security (or portion thereof) the acceptance of which would contravene a Put Limitation, if any. If, as of the end of any calendar
year, the aggregate principal amount of Securities (or portions thereof) that have been tendered pursuant to the valid exercise of the Survivor’s Option during such year has exceeded a Put Limitation, if any, any exercise(s) of the
Survivor’s Option with respect to Securities (or portions thereof) not accepted during such calendar year because such acceptance would have contravened such Put Limitation, if applied, shall be deemed to be tendered in the following calendar
year in the order all such Securities (or portions thereof) were originally tendered. Any Security (or portion thereof) accepted for repayment or repurchase pursuant to exercise of the Survivor’s Option shall be repaid or repurchased pursuant
to the terms set forth in such Security. In the event that a Security (or any portion thereof) tendered for repayment or repurchase pursuant to valid exercise of the Survivor’s Option is not accepted, the Trustee shall deliver a notice, by
first-class mail to the registered holder thereof at its last known address as indicated in the Security register, that states the reason such Security (or portion thereof) has not been accepted for payment. 

In order for a Survivor’s Option to be validly exercised with respect to any Security (or portion thereof), the Trustee must receive from
the Representative of the deceased beneficial owner (i) a written request for repayment or repurchase signed by the Representative, and such signature must be guaranteed by a member firm of a registered national securities exchange or of the
Financial Industry Regulatory Authority, Inc., or FINRA, or a commercial bank or trust company having an office or correspondent in the United States; (ii) tender of a Security (or portion thereof) to be repaid or repurchased;
(iii) appropriate evidence satisfactory to the Trustee that (A) the deceased was the beneficial owner of the Security at the time of death and his or her interest in the Term Note was acquired by the deceased beneficial owner at least six
months prior to the request for repayment; (B) the death of such beneficial owner has occurred and the date of death, (C) the Representative has authority to act on behalf of the deceased beneficial owner, and (D) any other conditions
applicable to such Survivor’s Option have been satisfied; (iv) if applicable, a properly executed assignment or endorsement; (v) if the interest in such Security is held by a nominee of the deceased beneficial owner, a certificate
satisfactory to the Trustee from such nominee attesting to the deceased’s beneficial ownership of such Security; (vi) tax waivers and such other instruments or documents that the Trustee reasonably requires in order to establish the
validity of the beneficial ownership of the Securities and the claimant’s entitlement to payment; and (vii) any additional information the Trustee requires to evidence satisfaction of any conditions to the exercise of the Survivor’s
Option or to document beneficial ownership or authority to make the election and to cause the repayment or repurchase of the Securities. Subject to the Company’s right hereunder with respect to any Put Limitation, all questions as to the
eligibility or validity of any exercise of the Survivor’s Option will be determined by the Trustee, after consultation with the Company, which determination shall be final and binding on all parties. The forms associated with exercise of the
Survivor’s Option are the “Option to Elect Repayment,” “Survivor’s Option Rider to the Note” (Exhibit B) and an “Early Withdrawal Election Form” (Exhibit C). These forms will be attached to any
Term Notes issued with a Survivor’s Option, and the forms will be substantially in the forms attached as exhibits to this Indenture. 

For Securities represented by a Global Security, the Depositary or its nominee shall be the holder of such Security and therefore shall be the
only entity that can exercise the Survivor’s Option for such Security. To obtain repayment or repurchase pursuant to exercise of the Survivor’s Option with respect to such Security, the Representative must provide to the broker or other
entity through which the beneficial interest in such Security is held by the deceased beneficial owner (i) the items described in the preceding paragraph and (ii) instructions to such broker or other entity to notify the Depositary of such
Representative’s desire to obtain repayment or repurchase pursuant to exercise of the Survivor’s Option within one year of the date of death of the beneficial owner. Such broker or other entity shall provide to the Trustee (i) the
documents received from the Representative referred to in clause (i) of the preceding sentence and (ii) a certificate satisfactory to the Trustee from such broker or other entity stating that it represents the deceased beneficial owner.
Such broker or other entity shall be responsible for disbursing any payments it receives pursuant to exercise of the Survivor’s Option to the appropriate Representative. 

  
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 Section 3.10 Repayment Option. 

If so specified in any Security, the beneficial owner of that Security shall have the option to elect repayment of such Security (the
“Repayment Option”) upon delivery of an irrevocable notice of exercise of such option to the Company and the Trustee. Such notice shall be delivered at least 30, but no more than 60, days prior to the next Interest Payment Date
proposed as the date for repayment. Repurchases of Securities upon exercise of the Repayment Option shall occur only on an Interest Payment Date. Unless otherwise specified in the Security, such repayment shall be paid at a price equal to 100% of
the principal amount of the beneficial interest subject to such repayment, plus accrued interest to the date of such repayment. The Security may prescribe an alternate purchase price formula. 

In order for a Repayment Option to be validly exercised with respect to any Security (or portion thereof), the Trustee must receive from the
beneficial owner of such Security (i) a written request for repayment signed by the beneficial owner of such Security, with signature guaranteed by a member firm of a registered national securities exchange or of the NASD or a commercial bank
or trust company having an office or correspondent in the United States, (ii) tender of the Security (or portion thereof) to be repaid, (iii) appropriate evidence satisfactory to the Trustee that such individual is the owner of a
beneficial interest in such Security and (iv) if applicable, a properly executed assignment or endorsement. 
 For Securities
represented by a Global Security, the Depository or its nominee shall be the holder of such Security and therefore shall be the only entity that can exercise the Repayment Option for such Security. To obtain repayment pursuant to exercise of the
Repayment Option with respect to such Security, the beneficial owner of such Security must provide to the broker or other entity through which the beneficial interest in such Security is held by such beneficial owner (i) the documents described
in clauses (i) and (iii) of the preceding paragraph and (ii) instructions to such broker or other entity to notify the Depository of such beneficial owner’s desire to obtain repayment pursuant to exercise of the Repayment Option.

 In addition, the beneficial owner shall provide the Trustee with such additional information and documentation as the Trustee shall
reasonably request. 
 ARTICLE 4 

COVENANTS 
 Section 4.01 Payment of
Securities. 
 The Company will pay or cause to be paid the principal of, premium on, if any, and interest on, if any, the Securities of
each Series in accordance with the terms of the Securities of such Series established pursuant to Section 2.02 hereof and this Indenture, and shall take all measures reasonably necessary to ensure such payment by 12 P.M. New York City
time on the applicable payment date; provided, that if a payment date is not a Business Day at a Place of Payment, payment may be made at that Place of Payment on the next succeeding day that is a Business Day, and no interest shall accrue on
such payment for the intervening period. 
 Section 4.02 Maintenance of Office or Agency. 

So long as any of the Securities remain outstanding, the Company will maintain for each Series an office or agency (which may be the office of
the Trustee or any Affiliate of the Trustee, or the Registrar or any co-registrar) where: (a) the Securities may be presented for payment; (b) the Securities may be presented for registration of transfer and for exchange as provided
in this Indenture; and (c) notices and demands to or upon the Company or any Guarantor in respect of the Securities or of this Indenture may be served. The Company will give prompt written notice to the Trustee of the location,
and any change in location, of such office or agency. If at any time the Company fails to maintain any such required office or agency or fails to furnish the Trustee with the address thereof, such presentations, surrenders, notices and
demands may be made or served at the Corporate Trust Office of the Trustee. 
 The Company hereby designates the Corporate Trust Office of
the Trustee as one such office or agency of the Company in accordance with Section 2.05 hereof. 

  
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 Section 4.03 Reports. 

(a) So long as any Securities are outstanding, the Company will furnish to the Holders and the Trustee (or file with the SEC for public
availability), within the time periods specified in the SEC’s rules and regulations: 
 (1) all quarterly and
annual reports that are required to be filed by the Company under the Exchange Act with the SEC on Forms 10-Q and 10-K; and 

(2) all current reports that are required to be filed by the Company with the SEC on Form 8-K. 

All such reports will be prepared in all material respects in accordance with all of the rules and regulations applicable to such
reports. The Company will at all times comply with TIA §314(a). 
 If the Company is no longer subject to the periodic reporting
requirements of the Exchange Act for any reason, the Company will nevertheless continue filing the reports specified in this Section 4.03(a) with the SEC within the time periods specified in the rules and regulations applicable to
such reports for non-accelerated filers unless the SEC will not accept such a filing. The Company will not take any action for the purpose of causing the SEC not to accept any such filings. If, notwithstanding the foregoing, the SEC will
not accept the Company’s filings for any reason, the Company will post the reports referred to in this Section 4.03(a) on its website within the time periods that would apply if the Company were required to file those reports
(applicable to non-accelerated filers) with the SEC. 
 (b) The Company will be deemed to have furnished such reports to the Trustee and the
Holders of Securities if it has filed such reports with the SEC using the EDGAR filing system and such reports are publicly available. 
 (c)
Delivery of reports, information and documents to the Trustee under this Section 4.03 are for information purposes only and the Trustee’s receipt of the foregoing shall not constitute constructive or actual notice of any information
contained therein or determinable from information contained therein, including the Company’s compliance with any of their covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 

Section 4.04 Compliance Certificate. 

(a) The Company and any Guarantor (to the extent that such Guarantor is so required under the TIA) shall deliver to the Trustee, within 120
days after the end of each fiscal year, an Officer’s Certificate stating, as to each Officer signing such certificate, whether or not to the best of his or her knowledge and without personal liability the Company is in default in the
performance and observance of any of the conditions or covenants hereof, and, if the Company shall be in default, specifying all such defaults and the nature thereof of which he or she may have knowledge and without personal liability. For purposes
of this Section 4.04 such compliance shall be determined without regard to any period of grace or requirement of notice hereunder. 

(b) So long as any of the Securities of such Series are outstanding, the Company will deliver to the Trustee, within 30 days of any
Officer becoming aware of any Default or Event of Default, an Officer’s Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. 

Section 4.05 Appointment to Fill a Vacancy in Office of Trustee. 

The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 7.08,
a Trustee, so that there shall at all times be a Trustee with respect to each Series of Securities hereunder. 

  
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 Section 4.06 Paying Agents. 

Whenever the Company shall appoint a Paying Agent other than the Trustee with respect to the Securities of any Series, it will cause such
Paying Agent to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section 4.06, that it will: 

(a) hold all sums received by it as such Paying Agent for the payment of the principal of or interest on the Securities of such
Series (whether such sums have been paid to it by the Company or by any Guarantor or other obligor on the Securities of such Series) in trust for the benefit of the Holders of the Securities of such Series or of the Trustee, and upon the
occurrence of an Event of Default and upon the written request of the Trustee, pay over all such sums received by it to the Trustee, 
 (b)
give the Trustee notice of any failure by the Company (or by any Guarantor or other obligor on the Securities of such Series) to make any payment of the principal of or interest on the Securities of such Series when the same shall be due and
payable, and 
 (c) give the Trustee notice of any change of address of any Holder of which it is aware. 

The Company will, on or prior to each due date of the principal of or interest on the Securities of such Series, deposit with the Paying Agent
a sum sufficient to pay such principal or interest so becoming due, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of any failure to take such action. 

If the Company shall act as its own Paying Agent with respect to the Securities of any Series, it will, on or before each due date of the
principal of or interest on the Securities of such Series, set aside, segregate and hold in trust for the benefit of the Holders of the Securities of such Series a sum sufficient to pay such principal or interest so becoming due. The
Company will promptly notify the Trustee of any failure to take such action. 
 Anything in this Section 4.06 to the contrary
notwithstanding, the Company may at any time, for the purpose of obtaining a satisfaction and discharge with respect to one or more or all Series of Securities hereunder, or for any other reason, pay or cause to be paid to the Trustee all sums
held in trust for any such Series by the Company or any Paying Agent hereunder, as required by this Section 4.06, such sums to be held by the Trustee upon the trusts herein contained. 

Anything in this Section 4.06 to the contrary notwithstanding, the agreement to hold sums in trust as provided in this Section 4.06
is subject to the provisions of Sections 8.07 and 8.08. 
 Section 4.07 Calculation of Original Issue Discount and Other Amounts. 

The Company shall promptly, at the end of each calendar year, calculate the Original Issue Discount accrued on outstanding Securities as of the
end of such year and shall determine whether the amount of Original Issue Discount qualifies for the de minimis exception rule as set forth in Section 1273(a)(3) of the Code. If such calculated amount does not qualify for the de
minimis exception rule, then the Company shall subsequently file with the calculation agent (with a copy to the Trustee if the Trustee is not the calculation agent) no later than January 15th of each calendar year (a) a written notice
specifying the amount of Original Issue Discount (including daily rates and accrual periods) 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 Code. 
 Section 4.08 Liens. 

The Company shall not, and shall not permit any of its Restricted Subsidiaries to, create, incur or assume any Lien of any kind (other than
Permitted Liens) upon any of their property or assets, now owned or hereafter acquired, unless all payments due under this Indenture and the Term Notes are secured on an equal and ratable basis with the obligations so secured until such time as such
obligations are no longer secured by a Lien. 

  
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 Section 4.09 Corporate Existence. 

Subject to Article 5 of this Indenture, the Company shall do or cause to be done all things necessary to preserve and keep in full force and
effect (i) its corporate existence in accordance with the organizational documents (as the same may be amended from time to time) of the Company, and (ii) the rights (charter and statutory), licenses and franchises of the Company;
provided that the company shall not be required to preserve any such right license or franchise if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and
its Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material respect to the Holders of the Term Notes. 
 Section 4.10
Additional Subsidiary Guarantees. 
 If any Restricted Subsidiary issues or guarantees any Triggering Indebtedness, then such
Restricted Subsidiary shall execute a Subsidiary Guarantee; provided, that the Subsidiary Guarantee of any Restricted Subsidiary that becomes a Guarantor under this Section shall be automatically discharged and released as provided under
Section 10.05 of this Indenture. The foregoing covenant shall terminate upon the occurrence of a Guarantee Termination Event. 

ARTICLE 5 
 SUCCESSORS

 Section 5.01 Merger, Consolidation or Sale of Assets. 

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

(1) either: 

(A) the Company is the surviving corporation; or 

(B) the Person formed by or surviving any such consolidation or merger (if other than the Company) or to which such sale,
assignment, transfer, lease, conveyance or other disposition has been made is an entity organized or existing under the laws of the United States, any state of the United States or the District of Columbia; 

(2) the Person formed by or surviving any such consolidation or merger (if other than the Company) or the Person to which such
sale, assignment, transfer, lease, conveyance or other disposition has been made assumes all the obligations of the Company under the Securities and this Indenture by supplemental indenture, executed and delivered to the Trustee by such Person; and

 (3) immediately after such transaction, no Default or Event of Default has occurred and is continuing. 

(b) This Section 5.01 will not apply to any sale, assignment, transfer, conveyance, lease or other disposition of assets between or among
the Company and its Subsidiaries or any merger or consolidation of the Company (1) with or into one of its Subsidiaries for any purpose, or (2) with or into an Affiliate solely for the purpose of reincorporating the Company in another
jurisdiction. 
 Section 5.02 Successor Corporation Substituted. 

Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the
properties or assets of the Company in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof, the successor Person formed by such consolidation or into or

  
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with which the Company is merged or to which such sale, assignment, transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for (so that from and after the
date of such consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition, the provisions of this Indenture referring to the “Company” shall refer instead to the successor Person and not to the Company), and
may exercise every right and power of the Company under this Indenture with the same effect as if such successor Person had been named as the Company herein; provided, however, that the predecessor Company shall not be relieved from
the obligation to pay the principal of, premium on, if any, and interest on, if any, the Securities of such Series except in the case of a sale of all or substantially all of the Company’s assets in a transaction that is subject to, and
that complies with the provisions of, Section 5.01 hereof. 
 Section 5.03 Opinion of Counsel Delivered to Trustee. 

The Trustee, subject to the provisions of Sections 5.01 and 5.02, may receive an Opinion of Counsel as conclusive evidence that any such
consolidation, merger, sale, lease or conveyance, and any such assumption, and any such liquidation or dissolution, complies with the applicable provisions of this Indenture. 

ARTICLE 6 
 DEFAULTS AND
REMEDIES 
 Section 6.01 Events of Default. 

In case one or more of the following events of default (unless it is either inapplicable to a particular Series or it is specifically
deleted from or modified in the instrument establishing such Series and the form of Security for such Series) shall have occurred and be continuing with respect to any Series of Securities (an “Event of Default”): 

(a) default for 30 days in the payment when due of interest, if any, on, any Security of such Series; 

(b) default in the payment when due (at maturity, upon redemption or otherwise) of the principal of, or premium on, if any, any Security of
such Series, and continuance of such default for three Business Days; 
 (c) failure by the Company to comply with any of the covenants or
agreements (other than a covenant or agreement in respect of the Securities of such Series a default of whose performance or whose breach is elsewhere in this Section 6.01 specifically dealt with) of the Company in this Indenture or
the Securities of such Series for 90 days after notice to the Company by the Trustee or the Holders of at least 25% in aggregate principal amount of the Securities of all Series then outstanding affected by such failure to comply; 

(d) the Company, or any applicable Guarantor, pursuant to or within the meaning of Bankruptcy Law: 

(1) commences a voluntary case; 

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

(3) consents to the appointment of a custodian of it or for all or substantially all of its property; 

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

(5) admits in writing that it generally is not paying its debts as they become due; 

(e) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that remains unstayed and in effect for 90 consecutive
days and that: 

  
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 (1) is for relief against the Company or any applicable Guarantor in an
involuntary case; 
 (2) appoints a custodian of the Company or any applicable Guarantor for all or substantially all of the
property of the Company or any applicable Guarantor; or 
 (3) orders the liquidation of the Company or any applicable
Guarantor; 
 (f) except as permitted by this Indenture, any Guarantee is held in any judicial proceeding to be unenforceable or invalid, or
any Guarantor, or any Person acting on behalf of any Guarantor, denies or disaffirms its obligations under its Guarantee; or 
 (g) any other
Event of Default provided in the supplemental indenture or resolution of the Board of Directors of the Company under which such Series of Securities is issued or in the form of Security for such Series. 

The Events of Default specified in clauses (a) or (b) of this Section 6.01 are referred to herein as a “Payment
Default”. 
 Section 6.02 Acceleration. 

In the case of an Event of Default specified in clause (d) or (e) of Section 6.01 hereof, all outstanding Securities of such
Series will become due and payable immediately without further action or notice. If any other Event of Default occurs and is continuing with respect to the Securities in any particular Series, the Trustee or the Holders of at least 25% in
aggregate principal amount of the then outstanding Securities of such Series may declare the principal amount of all the Securities (or, with respect to Original Issue Discount Securities, such lesser amount as may be specified in the terms of
such Securities) of such Series to be due and payable immediately. 
 Upon any such declaration, the Securities of such
Series shall become due and payable immediately. 
 The Holders of a majority in aggregate principal amount of the then outstanding
Securities of such Series by written notice to the Trustee may, on behalf of all of the Holders of all the Securities of such Series, rescind an acceleration and its consequences hereunder, if the rescission would not conflict with any judgment
or decree and if all existing Events of Default (except nonpayment of principal of, premium on, if any, and interest, if any, on the Securities of such Series that has become due solely because of the acceleration) have been cured or waived.
Holders of the Securities of such Series shall not enforce this Indenture or the applicable Securities of such Series except as provided in this Indenture or in any resolution of the Board of Directors of the Company or Officer’s Certificate
establishing the Securities of such Series or in any indenture supplemental hereto. The Trustee may withhold from Holders of the Securities such notice of any continuing Default or Event of Default (except a Default or Event of Default relating to
the payment of principal or interest) if it determines that withholding notice is in their interest. 
 Section 6.03 Other Remedies. 

If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal of (or, with
respect to Original Issue Discount Securities, such lesser amount as may be specified in the terms of such Securities), premium on, if any, and interest on, if any ((or, with respect to Original Issue Discount Securities, at the rate specified in
the terms of such Securities for interest on overdue principal thereof upon maturity, redemption or acceleration of such Series, as the case may be), the Securities of such Series so affected or to enforce the performance of any provision of
the Securities of such Series or this Indenture. 
 The Trustee may maintain a proceeding even if it does not possess any of the
Securities of such Series or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of any Securities of such Series in exercising any right or remedy accruing upon an Event of Default shall not
impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are cumulative to the extent permitted by law. 

  
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 Section 6.04 Waiver of Past Defaults. 

The Holders of a majority in aggregate principal amount of the then outstanding Securities of any Series by written notice to the Trustee
may, on behalf of the Holders of all of the Securities of such Series, waive any existing Default or Event of Default and its consequences hereunder, except a continuing Payment Default; provided, however, that the Holders of a
majority in aggregate principal amount of the then outstanding Securities of each Series so affected may rescind any declaration of acceleration and its consequences, including any related Payment Default that resulted from such acceleration.
In the case of any such waiver, the Company, any applicable Guarantors, the Trustee, and the Holders of the Securities of such Series shall be restored to their former positions and rights hereunder, respectively. Upon any such waiver,
such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent
thereon. 
 Section 6.05 Control by Majority. 

Holders of a majority in aggregate principal amount of the then outstanding Securities of each Series affected (with each
Series treated as a separate class) may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to
follow any direction that conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of the Securities of such Series so affected or that may involve the Trustee in personal
liability. 
 Section 6.06 Limitation on Suits. 

No Holder of any Securities of such Series so affected may pursue any remedy with respect to this Indenture or the Securities of such
Series unless: 
 (a) such Holder has previously given to the Trustee written notice that an Event of Default is continuing; 

(b) Holders of at least 25% in aggregate principal amount of the then outstanding Securities of each Series so affected make a written
request to the Trustee to pursue the remedy; 
 (c) such Holder or Holders offer and, if requested, provide to the Trustee security or
indemnity reasonably satisfactory to the Trustee against any loss, liability or expense; 
 (d) the Trustee does not comply with such request
within 60 days after receipt of the request and the offer and, if requested, the provision of security or indemnity; and 
 (e) during such
60-day period, Holders of a majority in aggregate principal amount of the then outstanding Securities of each Series so affected do not give the Trustee a direction inconsistent with such request. 

A Holder of any Securities of such Series may not use this Indenture to prejudice the rights of another Holder of Securities of such
Series or to obtain a preference or priority over another Holder of Securities of such Series. 
 Section 6.07 Rights of Holders to Receive
Payment. 
 Notwithstanding any other provision of this Indenture, the right of any Holder of any Securities to receive payment of
principal of, premium on, if any, and interest on, if any, such Security, on or after the respective due dates expressed in such Security, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be
impaired or affected without the consent of such Holder. 

  
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 Section 6.08 Collection of Indebtedness and Suit for Enforcement by Trustee. 

The Company covenants that if a Payment Default occurs and is continuing then, upon demand of the Trustee, the Company will pay to the Trustee,
for the benefit of the Holders of such Securities of such Series, the whole amount of principal of (or, with respect to Original Issue Discount Securities, such lesser amount as may be specified in the terms of such Securities), premium on, if any,
and interest, if any, remaining unpaid on, the Securities of such Series so affected and interest on overdue principal, if any, and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of
collection, including the compensation and reasonable expenses, disbursements and advances of the Trustee, its agents and counsel. 
 In case
the Company shall fail to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of
the sums so due and unpaid, and may prosecute any such action or proceedings to judgment or final decree, and may enforce any such judgment or final decree against the Company or any other obligor upon such Securities of such Series and collect 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 the moneys adjudged or decreed to be payable. 

Section 6.09 Trustee May File Proofs of Claim. 

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

Section 6.10 Priorities. 
 If the
Trustee collects any money pursuant to this Article 6, it shall pay out the money in the following order: 
 First: to the
Trustee, its agents and attorneys for amounts due under Section 7.07 hereof, including payment of all compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 

Second: to the payment of the amounts then due and unpaid for principal of and interest on the Securities 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 Securities for principal and interest, respectively; and 

  
 31 

 Third: to the Company or any applicable Guarantor, as the case may be. 

The Trustee may fix a record date and payment date for any payment to Holders of Securities of such Series pursuant to this
Section 6.10. 
 Section 6.11 Undertaking for Costs. 

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

Section 6.12 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, subject to any determination in such proceeding, the Company, the Trustee and such Holder shall be restored
severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and such Holder shall continue as though no such proceeding had been instituted. 

ARTICLE 7 
 TRUSTEE

 Section 7.01 Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee will exercise such of the rights and powers vested in it by this
Indenture, and use the same degree of care and skill in its exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(b) Except during the continuance of an Event of Default: 

(1) the duties of the Trustee will be determined solely by the express provisions of this Indenture and the Trustee need
perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(2) in the absence of bad faith, the Trustee may conclusively rely, as to the truth of the statements and the correctness of
the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, the Trustee will examine the certificates and opinions to determine whether or not they
conform to the requirements of this Indenture. 
 (c) The Trustee may not be relieved from liabilities for its own grossly negligent action,
its own grossly negligent failure to act, or its own willful misconduct, except that: 
 (1) this paragraph does not limit
the effect of clause (b) of this Section 7.01; 

  
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 (2) the Trustee will not be liable for any error of judgment made in good faith
by a Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (3)
the Trustee will not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05 hereof. 

(d) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee and any capacity the
Trustee may serve hereunder is subject to clauses (a), (b), and (c) of this Section 7.01. 
 (e) No provision of this Indenture
will require the Trustee to expend or risk its own funds or incur any liability. The Trustee will be under no obligation to exercise any of its rights and powers under this Indenture at the request of any Holders of Securities of any Series,
unless such Holders have offered to the Trustee reasonable security and written indemnity satisfactory to the Trustee against any loss, liability or expense. 

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

Section 7.02 Rights of Trustee. 

(a) The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by the proper
Person. The Trustee need not investigate any fact or matter stated in the document. 
 (b) Before the Trustee acts or refrains from
acting, it may require an Officer’s Certificate or an Opinion of Counsel or both. The Trustee will not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of
Counsel. The Trustee may consult with counsel and the written advice of such counsel or any Opinion of Counsel will be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it
hereunder in good faith and in reliance thereon. 
 (c) The Trustee may act through its attorneys and agents and will not be responsible for
the misconduct or negligence of any agent appointed with due care. 
 (d) The Trustee will not be liable for any action it takes or omits to
take in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture. 
 (e) Unless
otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company will be sufficient if signed by an Officer of the Company. 

(f) The Trustee will 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 unless such Holders have offered to the Trustee indemnity or security satisfactory to it against the losses, liabilities and expenses that might be incurred by it in compliance with such request
or direction. 
 (g) The Trustee shall not be charged with knowledge of any Default or Event of Default with respect to any Securities of any
Series unless either (1) a Responsible Officer shall have actual knowledge of such Default or Event of Default; or (2) written notice of such Default or Event of Default shall have been given to the Corporate Trust Office of the Trustee by
the Company or any other obligor on the Securities of such Series or by any Holder of the Securities of such Series, such notice specifically identifying this Indenture and the Securities of a particular Series. 

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

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

(j) Any action taken, or omitted to be taken, by the Trustee in good faith pursuant to this Indenture upon the request or authority or consent
of any Person who, at the time of making such request or giving such authority or consent, is the Holder of any Securities shall be conclusive and binding upon all future Holders of Securities and upon Securities executed and delivered in exchange
therefore or in place thereof. 
 (k) The Trustee shall not be required to give any bond or surety in respect of the execution of the trusts
and power or otherwise in respect of this Indenture. 
 (l) Under no circumstances shall the Trustee be liable in its individual capacity for
the obligations evidenced by the Securities. 
 (m) The permissive right of the Trustee to take or refrain from taking any actions enumerated
in this Indenture shall not be construed as a duty. 
 Section 7.03 Individual Rights of Trustee. 

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

Section 7.04 Trustee’s Disclaimer. 

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

Section 7.05 Notice of Defaults. 

If a Default or Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee will send to Holders of Securities of
any Series so affected a notice of the Default or Event of Default within 90 days after it obtains knowledge of the Default or Event of Default. Except in the case of a Payment Default with respect to any Securities of any Series so
affected, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders of the Securities of such Series so affected. In the case
of any Default or Event of Default specified in clause (c) of Section 6.01 hereof, no notice to Holders shall be given until at least 30 days has elapsed following the occurrence thereof. 

Section 7.06 Reports by Trustee to Holders of the Securities. 

(a) Within 60 days after each May 15 beginning with the May 15 following the date of this Indenture, and for so long as Securities of
any Series remain outstanding, the Trustee will send to the Holders of the Securities of such Series a brief report dated as of such reporting date that complies with TIA §313(a) (but if no event described in TIA
§313(a) has occurred within the twelve months preceding the reporting date, no report need be transmitted). The Trustee also will comply with TIA §313(b). The Trustee will also transmit by mail all reports as required by TIA
§313(c). 

  
 34 

 (b) A copy of each report at the time of its being sent to the Holders of Securities of such
Series will be sent by the Trustee to the Company and filed by the Trustee with the SEC and each stock exchange on which the Securities of such Series are listed in accordance with TIA §313(d). The Company will promptly
notify the Trustee when the Securities of such Series are listed on any stock exchange. 
 Section 7.07 Compensation and Indemnity.

 (a) The Company will pay to the Trustee from time to time reasonable compensation for its acceptance of this Indenture and services
hereunder. The Trustee’s compensation will not be limited by any law on compensation of a trustee of an express trust. The Company will reimburse the Trustee and each predecessor Trustee promptly upon request for all reasonable
disbursements, advances and expenses incurred or made by it in addition to the compensation for its services, except for any such disbursement, advance or expense as may be attributable to its negligence or willful misconduct (as determined by a
final non-appealable decision of a court of competent jurisdiction). Such expenses will include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. 

(b) The Company shall indemnify the Trustee and Agents and their respective officers, directors, employees, representatives and agents and each
predecessor Trustee (each an “Indemnified Party”) against any and all losses, liabilities or expenses incurred by them arising out of or in connection with the acceptance or administration of their duties under this Indenture, including
the costs and expenses of enforcing this Indenture against the Company (including this Section 7.07) and defending themselves against any claim (whether asserted by the Company or any Holder of Securities of any Series or any other Person) or
liability in connection with the exercise or performance of any of their powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to their negligence or willful misconduct (as determined by a final
non-appealable decision of a court of competent jurisdiction). An Indemnified Party shall notify the Company promptly of any claim for which it may seek indemnity. Failure by an Indemnified Party to so notify the Company shall not relieve the
Company of its obligations hereunder. The Company shall defend the claim and an Indemnified Party shall cooperate in the defense. An Indemnified Party may have separate counsel and the Company shall pay the reasonable fees and expenses of such
counsel. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld. 
 (c) The
obligations of the Company under this Section 7.07 shall survive the satisfaction and discharge of this Indenture or, with respect to any Person acting as Trustee under this Indenture, the earlier resignation or removal of such Trustee. 

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

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

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

Section 7.08 Replacement of Trustee. 

(a) A resignation or removal of the Trustee with respect to one or more or all Series of Securities and appointment of a successor Trustee
will become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.08. 

  
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 (b) The Trustee may resign with respect to one or more or all Series of Securities in
writing at any time and be discharged from the trust hereby created by so notifying the Company. The Holders of a majority in aggregate principal amount of the then outstanding Securities of such Series may remove the Trustee with 30 days prior
written notice with respect to the Securities of such Series by so notifying the Trustee and the Company in writing. The Company may remove the Trustee with respect to one or more or all Series of Securities if: 

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

(2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any
Bankruptcy Law; 
 (3) a custodian or public officer takes charge of the Trustee or its property; or 

(4) the Trustee becomes incapable of acting. 

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

(d) If a successor Trustee with respect to the Securities of any one or more Series does not take office within 60 days after the retiring
Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least a majority in aggregate principal amount of the then outstanding Securities of the applicable Series may petition any court of competent jurisdiction for the
appointment of a successor Trustee with respect to such Series of Securities. 
 (e) If the Trustee, after written request by any Holder of
Securities of such Series who has been a Holder for at least six months, fails to comply with Section 7.10 hereof, such Holder may petition any court of competent jurisdiction for the removal of the Trustee with respect to such Series of
Securities and the appointment of a successor Trustee. 
 (f) A successor Trustee with respect to such Series of Securities will deliver a
written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon, the resignation or removal of the retiring Trustee will become effective, and the successor Trustee will have all the rights, powers and duties of the
Trustee under this Indenture with respect to such Series of Securities. The successor Trustee will send a notice of its succession to Holders of Securities of such Series. The retiring Trustee will promptly transfer all property held with
respect to such Series of Securities by it as Trustee to the successor Trustee; provided all sums owing to the Trustee hereunder have been paid and subject to the lien provided for in Section 7.07 hereof. Notwithstanding
replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations under Section 7.07 hereof will continue for the benefit of the retiring Trustee. 

Section 7.09 Successor Trustee by Merger, etc. 

If the Trustee consolidates, merges or converts into, or transfers or sells all or substantially all of its corporate trust business to,
another corporation, the successor corporation without any further act will be the successor Trustee. 
 Section 7.10 Eligibility;
Disqualification. 
 There will at all times be a Trustee hereunder that is a corporation organized and doing business under the laws of
the United States or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of at least
$25.0 million as set forth in its most recent published annual report of condition. 

  
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 This Indenture will always have a Trustee who satisfies the requirements of TIA §310(a)(1),
(2) and (5). The Trustee is subject to TIA §310(b). 
 Section 7.11 Preferential Collection of Claims Against Company. 

The Trustee is subject to TIA §311(a), excluding any creditor relationship listed in TIA §311(b). A Trustee who has resigned or
been removed shall be subject to TIA §311(a) to the extent indicated therein. 
 Section 7.12 Right of Trustee to Rely on Officer’s
Certificate, etc. 
 Subject to Sections 7.01 and 7.02, whenever in the administration of the trusts of this Indenture the Trustee shall
deem it necessary or desirable that a matter be proved or established prior to taking or suffering or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of
negligence or willful misconduct on the part of the Trustee, be deemed to be conclusively proved and established by an Officer’s Certificate delivered to the Trustee, and such certificate, in the absence of negligence or willful misconduct on
the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of this Indenture upon the faith thereof. 

ARTICLE 8 
 SATISFACTION
AND DISCHARGE OF INDENTURE; DEFEASANCE 
 Section 8.01 Satisfaction and Discharge of Indenture. 

This Indenture shall, upon Company Order or Guarantor Order, cease to be of further effect (except as hereinafter provided in this
Section 8.01), and the Trustee, at the expense of the Company, shall execute instruments acknowledging satisfaction and discharge of this Indenture, when: 

(a) either: 
 (1)
all Securities theretofore authenticated and delivered (other than Securities that have been destroyed, lost or stolen and that have been replaced or paid) have been delivered to the Trustee for cancellation; or 

(2) all such Securities not theretofore delivered to the Trustee for cancellation: 

(A) have become due and payable; 

(B) will become due and payable at their stated maturity within one year; 

(C) have been called for redemption or are to be called for redemption within one year under arrangements satisfactory to the
Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company; or 
 (D) are
deemed paid and discharged pursuant to Section 8.04, as applicable; 
 and the Company or any Guarantor(s), in the case of (A), (B) or
(C) above, has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust an amount sufficient (as determined by the Company) for the purpose of paying and discharging the entire Indebtedness on such Securities not
theretofore delivered to the Trustee for cancellation, for principal and interest to the date of such deposit (in the case of Securities which have become due and payable on or prior to the date of such deposit) or to the stated maturity or
redemption date, as the case may be; 

  
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 (b) the Company or any Guarantor(s) have paid or caused to be paid all other sums payable
hereunder by the Company; and 
 (c) the Company or any Guarantor has delivered to the Trustee an Officer’s Certificate and an Opinion
of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.07, and,
if money shall have been deposited with the Trustee pursuant to clause (a) of this Section 8.01, the provisions of Sections 2.05, 2.09, 8.02 and 8.08 shall survive. 

Section 8.02 Application of Trust Funds; Indemnification. 

(a) Subject to the provisions of Section 8.08, all money deposited with the Trustee pursuant to Section 8.01, all money and
Government Securities deposited with the Trustee pursuant to Section 8.04 or 8.05 and all money received by the Trustee in respect of Government Securities deposited with the Trustee pursuant to Section 8.03 or 8.04, shall be held in trust
and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the
Persons entitled thereto, of the principal and interest for whose payment such money has been deposited with or received by the Trustee or to make mandatory sinking fund payments or analogous payments as contemplated by Sections 8.04 or 8.05. 

(b) The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against Government
Securities deposited pursuant to Sections 8.04 or 8.05 or the interest and principal received in respect of such obligations other than any payable by or on behalf of Holders. 

(c) The Trustee shall deliver or pay to the Company or the relevant Guarantor(s), as applicable, from time to time upon Company Order or
Guarantor Order, as applicable, any Government Securities or money held by it as provided in Sections 8.04 or 8.05 which, in the opinion of a nationally recognized firm of independent public accountants or investment bank expressed in a written
certification thereof delivered to the Trustee, are then in excess of the amount thereof which then would have been required to be deposited for the purpose for which such Government Securities or money were deposited or received. This provision
shall not authorize the sale by the Trustee of any Government Securities held under this Indenture. 
 Section 8.03 Option to Effect Legal
Defeasance or Covenant Defeasance. 
 If, pursuant to Section 2.02, provision is made for either or both of (a) defeasance of
the Securities of a Series under Section 8.04 or (b) covenant defeasance of the Securities of a Series under Section 8.05, then the provisions of such Section or Sections, as the case may be, together with the other provisions of this
Article 8, shall be applicable to the Securities of such Series, and the Company may at its option at any time with respect to the Securities of such Series, elect to have either Section 8.04 (if applicable) or Section 8.05 (if applicable)
be applied to the outstanding Securities of any Series upon compliance with the conditions set forth below in this Article 8. 
 Section 8.04 Legal
Defeasance and Discharge. 
 Upon the Company’s exercise under Section 8.03 hereof of the option applicable to this
Section 8.04, the Company and each Guarantor will, subject to the satisfaction of the conditions set forth in Section 8.06 hereof, be deemed to have been discharged from their obligations with respect to all outstanding Securities of such
Series (including any Guarantees) on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company and each Guarantor will be deemed to
have paid and discharged the entire Indebtedness represented by the outstanding Securities of such Series (including any Guarantees), which will thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 hereof and
the other Sections of this Indenture referred to in clauses (a) and (b) of this Section 8.4, and to have satisfied all their other obligations under such Securities of such Series, any Guarantees and this Indenture (and the Trustee,
on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following provisions which will survive until otherwise terminated or discharged hereunder: 

  
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 (1) the rights of Holders of outstanding Securities of such Series to
receive solely from the trust fund described in Section 8.06 hereof, and as more fully set forth in such Section, payments in respect of the principal of, premium on, if any, and interest on, if any, such Securities of such Series when
such payments are due; 
 (2) the Company’s obligations with respect to such Securities of such Series under
Article 2 and Section 4.02 hereof; 
 (3) the rights, powers, trusts, duties and immunities of the Trustee and
Agents hereunder and the Company’s obligations in connection therewith; and 
 (4) this Article 8. 

Subject to compliance with this Article 8, the Company may exercise its option under this Section 8.04 notwithstanding the prior
exercise of its option under Section 8.05 hereof. 
 Section 8.05 Covenant Defeasance. 

Upon the Company’s exercise under Section 8.03 hereof of the option applicable to this Section 8.05, the Company and each
Guarantor will, subject to the satisfaction of the conditions set forth in Section 8.06 hereof, be released from their obligations under the covenants as it relates to Securities of any Series contained in Sections 4.02, 4.03, 4.04 and 4.05 and
Article 5 hereof (as well as any additional covenants specified in a supplemental indenture for such Series of Securities or a resolution of the Board of Directors of the Company or an Officer’s Certificate delivered pursuant to
Section 2.02) with respect to the outstanding Securities of such Series on and after the date the conditions set forth below are satisfied (hereinafter, “Covenant Defeasance”), and the Securities of such Series will thereafter
be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but will continue to be deemed “outstanding”
for all other purposes hereunder (it being understood that such Securities of such Series shall not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Securities of any
Series and any Guarantees, the Company and each Guarantor may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference
elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 6.01
hereof, but, except as specified above, the remainder of this Indenture and such Securities of such Series and any Guarantees will be unaffected thereby. In addition, upon the Company’s exercise under Section 8.03 hereof of the option
applicable to this Section 8.05 hereof, subject to the satisfaction of the conditions set forth in Section 8.06 hereof, Section 6.01(c) through Section 6.01(f) hereof shall not constitute Events of Default. 

Section 8.06 Conditions to Legal or Covenant Defeasance. 

In order to exercise either Legal Defeasance or Covenant Defeasance under either Section 8.04 or 8.05 hereof: 

(1) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of Securities of such
Series, cash in U.S. dollars, non-callable Government Securities, or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay the principal of, premium on,
if any, and interest on, if any, the outstanding Securities of such Series on the stated date for payment thereof or on the applicable redemption date, as the case may be, and the Company must specify whether the Securities of such
Series are being defeased to maturity or to a particular redemption date; 
 (2) in the case of an election under
Section 8.04 hereof, the Company shall have delivered to the Trustee an Opinion of Counsel confirming that: 

  
 39 

 (A) the Company has received from, or there has been published by, the Internal
Revenue Service a ruling; or 
 (B) since the date of this Indenture, there has been a change in the applicable federal
income tax law, 
 in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the beneficial owners of the outstanding
Securities of such Series will not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as
would have been the case if such Legal Defeasance had not occurred; 
 (3) in the case of an election under Section 8.05
hereof, the Company shall have delivered to the Trustee an Opinion of Counsel confirming that the beneficial owners of the outstanding Securities of such Series will not recognize income, gain or loss for federal income tax purposes as a result
of such Covenant Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4) no Default or Event of Default shall have occurred and be continuing on the date of such deposit (other than a Default or
Event of Default resulting from the incurrence of Indebtedness all or a portion of the proceeds of which will be used to defease the Securities of such Series pursuant to this Article 8 concurrently with such incurrence) or insofar as
Section 6.01 (d) or (e) hereof is concerned, at any time in the period ending on the 91st day after the date of deposit; 

(5) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under,
any material agreement or instrument (other than this Indenture) to which the Company or any Guarantor is a party or by which the Company or any Guarantor is bound; 

(6) the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that on the 91st day following the
deposit, the trust funds will not be subject to the effect of any applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally; 

(7) the Company shall have delivered to the Trustee an Officer’s Certificate stating that the deposit was not made by the
Company with the intent of preferring the Holders of Securities of such Series over the other creditors of the Company with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and 

(8) the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
all conditions precedent provided for or relating to the Legal Defeasance or the Covenant Defeasance have been complied with. 
 Section 8.07
Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions. 
 Subject to Section 8.08
hereof, all money and non-callable Government Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.07, the “Trustee”) pursuant to
Section 8.06 hereof in respect of the outstanding Securities of such Series so affected will be held in trust and applied by the Trustee, in accordance with the provisions of such Securities of such Series and this Indenture, to the
payment, either directly or through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of such Securities of such Series of all sums due and to become due thereon in respect of
principal, premium, if any, and interest, if any, but such money need not be segregated from other funds except to the extent required by law. 

The Company will pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable
Government Securities deposited pursuant to Section 8.06 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Securities
of such Series. 

  
 40 

 Notwithstanding anything in this Article 8 to the contrary, the Trustee will deliver or pay
to the Company from time to time upon the request of the Company any money or non-callable Government Securities held by it as provided in Section 8.06 hereof which, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.06(1) hereof), are in excess of the amount thereof that would then be required to be deposited to effect
an equivalent Legal Defeasance or Covenant Defeasance. 
 Section 8.08 Repayment to Company. 

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of,
premium on, if any, and interest on, if any, any Securities of any Series so affected and remaining unclaimed for two years after such principal, premium, if any, and interest, if any, has become due and payable shall be paid to the Company on
its request or (if then held by the Company) will be discharged from such trust; and the Holder of such Securities of such Series will thereafter, as an unsecured creditor, be permitted to look only to the Company for payment thereof, and all
liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, will thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required
to make any such repayment, shall at the written request of the Company and at the expense of the Company cause to be published once, in The New York Times and The Wall Street Journal (national edition), notice that such money remains
unclaimed and that, after a date specified therein, which will not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Company. 

Section 8.09 Reinstatement. 

If the Trustee or Paying Agent is unable to apply any U.S. dollars or non-callable Government Securities in accordance with
Section 8.04 or 8.05 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this
Indenture and the Securities of such Series will be revived and reinstated as though no deposit had occurred pursuant to Section 8.04 or 8.05 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in
accordance with Section 8.04 or 8.05 hereof, as the case may be; provided, however, that, if the Company makes any payment of principal of, premium on, if any, or interest on, if any, any Securities of such Series following
the reinstatement of its obligations, the Company will be subrogated to the rights of the Holders of such Securities of such Series to receive such payment from the money held by the Trustee or Paying Agent. 

ARTICLE 9 
 AMENDMENT,
SUPPLEMENT AND WAIVER 
 Section 9.01 Without Consent of Holders of Securities. 

Notwithstanding Section 9.02 of this Indenture, without the consent of any Holder of any Securities of any Series, the Company, when
authorized by a resolution of its Board of Directors, each Guarantor, when authorized by a resolution of its Board of Directors, and the Trustee for the Securities of any and all Series may, from time to time and at any time, amend or supplement the
Indenture or any supplemental indenture or the Securities and enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the TIA) without notice to any Holder of any Securities, in form satisfactory to such
Trustee, for one or more of the following purposes: 
 (a) to cure any ambiguity or to correct or supplement any provision contained herein
or in any supplemental indenture that may be defective or inconsistent with any other provision contained herein or in any supplemental indenture; 

(b) to convey, transfer, assign, mortgage or pledge to the Trustee as security for the Securities of one or more Series, or any Guarantees
endorsed thereon or attached thereto, any property or assets and to secure, or, if applicable, provide additional security for, any Securities or Guarantees and to provide for matters relating thereto, and to provide for the release of any
collateral as security for any Securities or Guarantees; 

  
 41 

 (c) to evidence the succession of another entity to the Company, or successive successions, and
the assumption by the successor entity of the covenants, agreements and obligations of the Company or such Guarantor herein and in the Securities or the Guarantees of such Guarantor, as the case may be, and to provide for the assumption of the
Company’s or any Guarantor’s obligations to Holders of Securities in the case of a merger or consolidation or sale of all of substantially all of the Company’s or such Guarantor’s assets; 

(d) to add to the covenants and/or Events of Default of the Company or any Guarantor such further covenants, restrictions, conditions,
provisions and/or Events of Default as the Company’s Board of Directors, applicable Guarantor’s Board of Directors and the Trustee shall consider to be for the protection of the Holders of Securities of any or all Series and, if such
additional covenants and/or Events of Default are to be for the benefit of less than all the Series of Securities stating that such covenants and/or Events of Default are being added solely for the benefit of such Series, and to make the
occurrence, or the occurrence and continuance, of a default in any such additional covenants, restrictions, conditions or provisions an Event of Default permitting the enforcement of all or any of the several remedies provided in this Indenture as
herein set forth (and if such additional Events of Default are to be for the benefit of less than all Series of the Securities stating that such Events of Default are being added solely for the benefit of such Series); provided, that in
respect of any such additional covenant, restriction, condition, provision and/or Event 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 an Event of Default or may limit the remedies available to the Trustee upon such an Event of Default or may limit the right of the Holders of a majority in aggregate
principal amount of the Securities of such Series or any Guarantees endorsed thereon or attached thereto to waive such an Event of Default; 

(e) to establish the form or terms of Securities of such Series and any Guarantees endorsed thereon or attached thereto, as permitted by
Sections 2.01 and 2.02; 
 (f) to add to or change any of the provisions in this Indenture to such extent as shall be necessary to permit or
facilitate the issuance of any Securities in bearer form, registrable or not registrable as to principal, and with or without interest coupons or to permit or facilitate the issuance of any Securities in uncertificated form; 

(g) 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 the one Trustee, pursuant to the requirements of Section 7.08, or
to comply with the rules of any applicable securities depository; 
 (h) to change or eliminate any of the provisions of this Indenture,
provided that any such change or elimination shall not apply to any outstanding Security of any Series issued prior to the execution of such supplemental indenture which is entitled to the benefit of such provision; 

(i) to make any change that would provide any additional rights or benefits to the Holders of the Securities or that does not materially
adversely affect the legal rights hereunder of any Holder of the Securities; 
 (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 Article 8, provided that any such action shall not adversely affect the interests of the Holders of Securities of such
Series or any other Series of Securities in any material respect; 
 (k) to add any Person as an additional Guarantor under this Indenture,
to add additional Guarantees or additional Guarantors in respect of any outstanding Securities under this Indenture, or to evidence the release and discharge of any Guarantor from its obligations under its Guarantees of any Securities and its
obligations under this Indenture in respect of any Securities in accordance with the terms of this Indenture or any supplemental indenture; 

  
 42 

 (l) to conform their text to any provision of the “Description of Debt Securities” or
“Description of Notes” in any base prospectus or in any provision in of the “Description of Notes” in any prospectus supplement relating to the Securities or any Series of Securities to the extent that such provision was intended
to be a verbatim recitation of a provision set forth in this Indenture or any amendment or supplement hereto, as evidenced by an Officer’s Certificate delivered to the Trustee; 

(m) to amend or supplement any provision contained herein, which was required to be contained herein in order for this Indenture to be
qualified under the TIA, if the TIA or regulations thereunder change what is so required to be included in qualified indentures, in any manner not inconsistent with what then may be required for such qualification; or 

(n) to make any other provisions with respect to matters or questions arising under this Indenture, provided that such action pursuant to this
clause shall not adversely affect in any material respect the interests of the Holders of any Securities of any Series outstanding on the date of such indenture supplemental hereto. 

Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing the execution of any such amended or
supplemental indenture, and upon receipt by the Trustee of the documents described in Section 7.02(b) hereof, the Trustee will join with the Company and any Guarantors in the execution of any amended or supplemental indenture authorized or
permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder, but the Trustee
will not be obligated to enter into such amended or supplemental indenture that affects its own rights, duties or immunities under this Indenture or otherwise. 

Any amended or supplemental indenture authorized by the provisions of this Section may be executed without the consent of the Holders of
any of the Securities at the time outstanding, notwithstanding any of the provisions of Section 9.02. 
 Section 9.02 With Consent of Holders
of Securities. 
 The Company, the applicable Guarantor(s), if any, and the Trustee may enter into an amended or supplemental indenture,
with the written consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Securities of each Series affected by such amended or supplemental indenture (voting together as a single class and including
consents obtained in connection with a tender offer or exchange offer for the Securities of any such Series), for the purpose of adding any provisions to or amending in any manner or eliminating any of the provisions of this Indenture, of any
resolutions of the Company’s Board of Directors or Officer’s Certificate establishing the Securities of each such Series, or of any amended or supplemental indenture or of modifying in any manner the rights of the Holders of each such
Series. 
 Except as provided in Section 6.04, the Holders of a majority in aggregate principal amount of the then outstanding
Securities of any Series by notice to the Trustee (including waivers obtained in connection with a tender offer or exchange offer for the Securities of such Series) may waive compliance by the Company or any Guarantor of Securities of such Series
with any provision of this Indenture or the Securities or the applicable Guarantee with respect to such Series. 
 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 only
one or more particular Series with respect to a covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other Series. 

  
 43 

 Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing
the execution of any such amended or supplemental indenture, and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Securities of such Series as aforesaid, and upon receipt by the Trustee
of the documents described in Section 7.02(b) hereof, the Trustee will join with the Company and any Guarantors in the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly affects the
Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but will not be obligated to, enter into such amended or supplemental indenture. 

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

After an amended or supplemental indenture or waiver under this Section 9.02 becomes effective, the Company shall send to the
Holders of Securities of each such Series affected thereby a notice briefly describing the amended or supplemental indenture or waiver; provided, however, that any failure by the Company to send or publish such notice, or any defect
therein, shall not in any way impair or affect the validity of any such supplemental indenture or waiver. A waiver by a Holder of such Holder’s rights to consent under this Indenture or any supplemental indenture shall be deemed to be a consent
of such Holder. 
 Section 9.03 Limitations. 

Without the consent of each Holder affected, an amendment, supplement or waiver under Section 9.02 may not (with respect to any Securities
held by a non-consenting Holder): 
 (a) reduce the principal amount of Securities whose Holders must consent to an amendment, supplement or
waiver; 
 (b) reduce the principal or change the fixed maturity of any Security; 

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

(d) alter any of the provisions with respect to the redemption of the Securities of any Series; 

(e) waive a Payment Default (except a rescission of acceleration of the Securities of any Series by the Holders as provided in
Section 6.02 or a waiver of a non-continuing Payment Default that resulted from such acceleration as provided in Section 6.04); 

(f) make the principal of, or any premium or interest on, any Security payable in any currency other than that stated in the Security; 

(g) make any change in Sections 6.04, 6.07 or this Section 9.03; 

(h) waive a redemption payment with respect to any Security, provided that such redemption is made at the Company’s option; 

(i) in the case of any Security that is subject to a Guarantee, release the Guarantor of such Guarantee from any of its obligations under such
Guarantee, except in accordance with the terms of this Indenture or in any supplemental indenture relating to the Securities of any Series; or 

(j) make any change in the ranking or priority of any Security or any Guarantee thereof that would adversely affect the Holders of such
Security. 

  
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 Section 9.04 Compliance with Trust Indenture Act. 

Every amendment or supplement to this Indenture or the Securities of such Series will be set forth in an amended or supplemental indenture
that complies with the TIA as then in effect. 
 Section 9.05 Revocation and Effect of Consents. 

Until an amendment is set forth in an amended or supplemental indenture or a waiver becomes effective, a consent to it by a Holder of a
Security is a continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security.
However, any such Holder or subsequent Holder may revoke the consent as to his or her Security or portion of a Security if the Trustee receives the notice of revocation before the date of the supplemental indenture or the date the waiver becomes
effective. 
 Any amendment or waiver once effective shall bind every Holder of each Series affected by such amendment or waiver unless it
is of the type described in any of clauses (a) through (k) of Section 9.03. In that case, the amendment or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a
Security that evidences the same debt as the consenting Holder’s Security. 
 Section 9.06 Notation on or Exchange of Securities. 

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

Section 9.07 Trustee to Sign Amendments, etc. 

The Trustee will sign any amended or supplemental indenture authorized pursuant to this Article 9 if the amendment or supplement does not
adversely affect the rights, duties, liabilities or immunities of the Trustee. The Company may not sign an amended or supplemental indenture until its Board of Directors approves it. In executing any amended or supplemental indenture, the
Trustee will be entitled to receive and (subject to Section 7.01 hereof) will be fully protected in relying upon an Officer’s Certificate and an Opinion of Counsel stating that the execution of such amended or supplemental indenture is
authorized or permitted by this Indenture, that all conditions precedent to the execution of the supplemental indenture have been complied with and that the supplemental indenture is a legally binding and enforceable obligation of the Company and
Guarantors. 
 Section 9.08 Effect of Supplemental Indenture. 

Upon the execution of any amended or supplemental indenture pursuant to the provisions hereof, this Indenture shall be and be deemed to be
modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company, any Guarantors and the Holders of Securities of each
Series shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such amended or supplemental indenture shall be and be deemed to be
part of the terms and conditions of this Indenture for any and all purposes. 

  
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 ARTICLE 10 

GUARANTEES 
 Section 10.01
Applicability of Article. 
 If, pursuant to Section 2.02, provision is made for Securities of any Series to be guaranteed by any
Guarantor, then the provisions of this Article 10 shall be applicable to the Securities of such Series and the terms of the Guarantees of the Securities of such Series. 

Section 10.02 Guarantee. 
 (a)
Subject to this Article 10, each of the Guarantors, if any, hereby, jointly and severally, unconditionally guarantees to each Holder of a Security authenticated and delivered by the Trustee and to the Trustee and its successors and assigns,
irrespective of the validity and enforceability of this Indenture, the Securities of such Series or the obligations of the Company hereunder or thereunder, that: 

(1) the principal of, premium on, if any, and interest on, if any, the Securities of such Series that are to be guaranteed
by the Guarantee of the Guarantors, if any, pursuant to Section 2.02, will be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of, premium on, if any, and
interest on, if any, the Securities of such Series, if lawful, and all other obligations of the Company to the Holders thereof or the Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof
and thereof; and 
 (2) in case of any extension of time of payment or renewal of such Securities of such Series that are to
be guaranteed by the Guarantee of the Guarantors, if any, pursuant to Section 2.02 or any of such other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal,
whether at stated maturity, by acceleration or otherwise. 
 (b) Failing payment when due of any amount so guaranteed or any performance so
guaranteed for whatever reason, the Guarantors, if any, will be jointly and severally obligated to pay the same immediately. Each Guarantor, if any, agrees that this is a guarantee of payment and not a guarantee of collection. 

(c) Each Guarantor, if any, hereby agrees that its obligations hereunder are unconditional, irrespective of the validity, regularity or
enforceability of the Securities of such Series or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Securities of such Series with respect to any provisions hereof or thereof, the
recovery of any judgment against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a Guarantor. Each Guarantor, if any, hereby waives diligence,
presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenant that this
Guarantee will not be discharged except by complete performance of the obligations contained in the Securities of such Series and this Indenture. 

(d) If any Holder of Securities of such Series or the Trustee is required by any court or otherwise to return to the Company, any
Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or any Guarantors, any amount paid by any of them to the Trustee or such Holder, this Guarantee, to the extent theretofore
discharged, will be reinstated in full force and effect. 
 (e) Each Guarantor, if any, agrees that it will not be entitled to any right of
subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor, if any, further agrees that, as between any Guarantors, on the one hand, and the
Holders of Securities of such Series and the Trustee, on the other hand, (1) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 hereof for the purposes of this Guarantee, notwithstanding any
stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in

  
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Article 6 hereof, such obligations (whether or not due and payable) will forthwith become due and payable by the Guarantors for the purpose of this Guarantee. The Guarantors, if any, will
have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights of the Holders of Securities of such Series under the Guarantee. 

(f) No Guarantee by any Guarantor of any Security, whether or not such Guarantee is or is to be endorsed thereon or attached thereto, shall be
valid and obligatory for any purpose with respect to such Security until the certificate of authentication on such Security shall have been signed by or on behalf of the Trustee. 

Section 10.03 Limitation on Guarantor Liability. 

Each Guarantor, if any, of any Security, and by its acceptance of any Security, each Holder, hereby confirms that it is the intention of all
such parties that the Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to
the extent applicable to any Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors, if any, hereby irrevocably agree that the obligations of any such Guarantor will be limited to the maximum amount that
will, after giving effect to such maximum amount and all other contingent and fixed liabilities of any such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or payments
made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under this Article 10, result in the obligations of such Guarantor under its Guarantee not constituting a fraudulent transfer or conveyance. 

Section 10.04 Guarantors May Consolidate, etc., on Certain Terms. 

Except as otherwise provided in Section 10.05 hereof, no Guarantor, if any, may sell or otherwise dispose of all or substantially all of
its assets to, or consolidate with or merge with or into (whether or not such Guarantor is the surviving Person) another Person, other than the Company or another Guarantor, unless: 

(1) immediately after giving effect to such transaction, no Default or Event of Default has occurred and is continuing; 

(2) subject to Section 10.05 hereof, the resulting, surviving or transferee Person will be an entity organized and
existing under the laws of the United States, any state of the United States or the District of Columbia, and such Person (if not such Guarantor) will expressly assume all of the obligations of such Guarantor under its Guarantee; and 

(3) the Company will have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
such consolidation, merger or transfer and such supplemental agreements (if applicable) comply with this Indenture; 
 provided, however, that
the foregoing will not apply to any such consolidation or merger with or into, or conveyance, transfer or lease to, any Person if the resulting, surviving or transferee Person is not or will not be a Subsidiary of the Company and the other terms of
this Indenture and Securities of such Series are complied with. 
 In case of any such consolidation, merger, sale or conveyance
and upon the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Guarantee endorsed upon the Securities of such Series and the due and punctual
performance of all of the covenants and conditions of this Indenture to be performed by the Guarantor, such successor Person will succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a
Guarantor. Such successor Person thereupon may cause to be signed any or all of the Guarantees to be endorsed upon all of the Securities of such Series issuable hereunder which theretofore shall not have been signed by the Company and
delivered to the Trustee. All the Guarantees so issued will in all respects have the same legal rank and benefit under this Indenture as the Guarantees theretofore and thereafter issued in accordance with the terms of this Indenture as though
all of such Guarantees had been issued at the date of the execution hereof. 

  
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 Nothing contained in this Indenture or in any of the Securities of such Series will prevent
any consolidation or merger of a Guarantor with or into the Company or another Guarantor, or will prevent any sale or conveyance of the property of a Guarantor as an entirety or substantially as an entirety to the Company or another Guarantor. 

Section 10.05 Releases. 
 Each
Guarantor shall, upon the occurrence of any of the following events, be automatically and unconditionally released and discharged from all obligations under this Indenture and its Guarantee of each Series of the Securities, and the Holders of each
Series of the Securities will be deemed to have consented to such release without any action required on the part of the Trustee or any Holder of Securities, if: 

(a) all of the shares of stock of such Guarantor are sold, exchanged or otherwise disposed of to a Person that is not (either before or after
giving effect to such transaction) the Company or a Subsidiary of the Company; 
 (b) all or substantially all of the assets of such
Guarantor are sold or otherwise disposed of, including by way of merger, consolidation or amalgamation, to a Person that is not (either before or after giving effect to such transaction) the Company or a Subsidiary of the Company; 

(c) upon any Legal Defeasance or Covenant Defeasance; 

(d) the sale or other disposition of all or substantially all of the assets of such Guarantor, by way of merger, consolidation or otherwise, or
a sale, exchange or other disposition of all of the Capital Stock of such Guarantor, in each case following which such Guarantor is no longer a Restricted Subsidiary of the Company; 

(e) the occurrence of a Guarantee Termination Event; or 

(f) any other condition to release as specified in a supplemental indenture to this Indenture is satisfied. 

If any condition to release contained in this Section 10.05 has been satisfied, the Trustee (upon receipt of an Opinion of Counsel and
Officer’s Certificate pursuant to Section 12.04 hereof) shall execute and deliver any documents reasonably requested by the Company or such Guarantor in order to evidence the release of such Guarantor from all of its obligations under the
Guarantee and this Indenture. Notwithstanding the foregoing, any failure to execute such documents shall in no way affect the release of such Guarantor pursuant to this Section 10.05, which release shall be automatic and unconditional upon
satisfaction of any of the conditions to release set forth in (or specified as contemplated by) clauses (a), (b), (c), (d), (e) or (f) above. 

Any Guarantor not released from its obligations under any Guarantee as provided in this Section 10.05 will remain liable for the full
amount of principal of, premium on, if any, and interest on, if any, the Securities of such Series and for the other obligations of such Guarantor under this Indenture as provided in this Article 10. 

ARTICLE 11 
 SECURITY

 Section 11.01 Security. 
 If
so provided pursuant to Section 2.02 with respect to the Securities of such Series, the Securities of such Series and any Guarantees endorsed thereon or attached thereto may be secured by such property, assets or other collateral as may be
specified in or pursuant to Section 2.02. Any and all terms and provisions applicable to the security for the Securities of such Series shall also be provided in or pursuant to Section 2.02, which may include provisions for the
execution and delivery of such security agreements, pledge agreements, collateral agreements and other similar or related agreements as the Company and any applicable Guarantors may elect and which may provide for the Trustee to act as collateral
agent or in a similar or other capacity. 

  
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 Section 11.02 Trustee Compliance with TIA. 

The Trustee shall comply with Sections 313(a)(5) and (6) and 313(b)(1) of the TIA and the Company and any applicable Guarantors
shall comply with Sections 314(b), 314(c) and 314(d) of the TIA, in each case in respect of any secured Securities that may be outstanding hereunder from time to time and any secured Guarantees endorsed on or attached to any Securities
that may be outstanding hereunder from time to time. 
 ARTICLE 12 

MISCELLANEOUS 
 Section 12.01 Trust
Indenture Act Controls. 
 If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by TIA §318(c),
the imposed duties will control. 
 Section 12.02 Notices. 

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

If to the Company or any Guarantor: 

General Motors Financial Company, Inc. 

801 Cherry Street, Suite 3500 

Fort Worth, TX 76102 
 Telecopier
No.: (817) 302-7897 
 Attention: Chief Financial Officer 

With a copy to: 

Hunton & Williams LLP 

1445 Ross Avenue, Suite 3700 

Dallas, TX 75202 
 Telecopier No.:
(214) 468-3599 
 Attention: L. Steven Leshin 

If to the Trustee: 
 U.S. Bank
National Association 
 Global Corporate Trust Services 

100 Wall Street – Suite 1600 

New York, NY 10005 
 Facsimile:
(212) 361-6153 
 The Company, any Guarantor or the Trustee, by notice to the others, may designate additional or different addresses
for subsequent notices or communications. 
 All notices and communications (other than those sent to Holders) will be deemed to have been
duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if transmitted by facsimile; and the next Business Day after timely
delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. 

  
 49 

 When the Securities are in certificated form, any notice or communication to a Holder will be
mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. When the Securities are in global form, any
notice or communication to a Holder shall be sent to the Holder electronically pursuant to the applicable procedures of the Depository and the Trustee. Any notice or communication will also be so mailed to any Person described in TIA §313(c),
to the extent required by the TIA. Failure to mail or send a notice or communication as provided herein to a Holder or any defect in it will not affect its sufficiency with respect to other Holders. 

If a notice or communication is sent in the manner provided above within the time prescribed, it is duly given, whether or not the addressee
receives it. 
 If the Company sends a notice or communication to Holders, it will mail a copy to the Trustee and each Agent at the same
time. 
 Notwithstanding any other provision of this Indenture or any Security, where this Indenture or a Security provides for notice of
any event (including any notice of redemption) to a Holder of a Global Security (whether by mail or otherwise), such notice shall be sufficiently given if given to the Depositary for such Security (or its designee) pursuant to customary procedures
of such Depositary. 
 Section 12.03 Communication by Holders of Securities with Other Holders of Securities. 

Holders may communicate pursuant to TIA §312(b) with other Holders with respect to their rights under this Indenture or the
Securities. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA §312(c). 
 Section 12.04 Certificate
and Opinion as to Conditions Precedent. 
 Upon any request or application by the Company to the Trustee to take any action under this
Indenture, the Company shall furnish to the Trustee: 
 (a) an Officer’s Certificate in form and substance reasonably satisfactory to
the Trustee (which must include the statements set forth in Section 12.05 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have
been satisfied; and 
 (b) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee (which must include the
statements set forth in Section 12.05 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been satisfied. 

Section 12.05 Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate
provided pursuant to TIA §314(a)(4)) must comply with the provisions of TIA §314(e) and must include: 
 (a) a statement that
the Person making such certificate or opinion has read such covenant or condition; 
 (b) a brief statement as to the nature and scope of the
examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (c) a statement
that, in the opinion of such Person, he or she has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 

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

  
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 Section 12.06 Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable
rules and set reasonable requirements for its functions. 
 Section 12.07 No Personal Liability of Directors, Officers, Employees and
Shareholders. 
 No director, officer, employee, incorporator or shareholder of the Company or any Guarantor, as such, will have any
liability for any obligations, covenants or agreements of the Company or any Guarantors under the Securities of any Series, this Indenture, any Guarantees or for any claim based on, in respect of, or by reason of, such obligations, covenants or
agreements or their creation. Each Holder of Securities of any Series by accepting Securities of any Series waives and releases all such liability. The waiver and release are part of the consideration for issuance of the
Securities of any Series. The waiver may not be effective to waive liabilities under the federal securities laws. 
 Section 12.08 Governing
Law. 
 THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE, THE SECURITIES OF ANY SERIES AND
THE GUARANTEES, IF APPLICABLE, WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

Section 12.09 No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any other
Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 12.10 Successors. 

All agreements of the Company in this Indenture and the Securities of any Series will bind its successors. All agreements of the
Trustee in this Indenture will bind its successors. All agreements of each Guarantor in this Indenture will bind its successors, except as otherwise provided in Section 10.04 hereof. 

Section 12.11 Severability. 
 In case
any provision in this Indenture or in the Securities of any Series is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 

Section 12.12 Counterpart Originals. 

The parties may sign any number of copies of this Indenture. Each signed copy will be an original, but all of them together represent the
same agreement. 
 Section 12.13 Table of Contents, Headings, etc. 

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

  
 51 

 Section 12.14 Force Majeure. 

The Trustee and Agents shall not incur any liability for not performing any act or fulfilling any duty, obligation or responsibility hereunder
by reason of any occurrence beyond the control of the Trustee and Agents (including but not limited to any act or provision of any present or future law or regulation or governmental authority, any act of God or war, civil unrest, local or national
disturbance or disaster, any act of terrorism, or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility). 

Section 12.15 Securities in a Foreign Currency. 

Unless otherwise specified in an Officer’s Certificate delivered pursuant to Section 2.02 of this Indenture with respect to a
particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series or all Series affected by a particular action at the
time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in a coin or currency other than U.S. dollars, then the principal amount of Securities of such Series which shall be deemed to be outstanding
for the purpose of taking such action shall be that amount of U.S. dollars that could be obtained for such amount at the “Market Exchange Rate.” For purposes of this Section 12.15, Market Exchange Rate shall mean the noon U.S. dollar
buying rate in New York City for cable transfers of that currency as published by the Federal Reserve Bank of New York. If such Market Exchange Rate is not available for any reason with respect to such currency, the Trustee 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 The City of New York or in the country of issue of the currency
in question, or such other quotations as the Trustee shall deem appropriate. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a Series denominated in a currency other than
Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. All decisions and determinations of the Trustee regarding the Market Exchange Rate or any alternative determination provided for in the
preceding paragraph shall be in its sole discretion and shall, in the absence of manifest error, be conclusive to the extent permitted by law for all purposes and irrevocably binding upon the Company and all Holders. 

Section 12.16 Judgment Currency.  

The Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining
judgment in any court it is necessary to convert the sum due in respect of the principal of or interest on the Securities of any Series (the “Required Currency”) into a currency in which a judgment will be rendered (the “Judgment
Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the day on which final
unappealable judgment is entered, unless such day is not a Business Day, then, to the extent permitted by applicable law, the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in
The City of New York the Required Currency with the Judgment Currency on the Business Day preceding the day on which final unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency
(i) shall not be discharged or satisfied by any tender, or any recovery pursuant to any judgment (whether or not entered in accordance with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender
or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the
purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable and (iii) shall not be affected by judgment being obtained
for any other sum due under this Indenture. 
 [Signatures on following page] 

  
 52 

 SIGNATURES 
 Dated
as of June 21, 2017 
  

			
	 General Motors Financial Company, Inc.,

as Issuer

		
	By:	 	 /s/ Susan B. Sheffield

	Name:	 	Susan B. Sheffield
	Title:	 	Executive Vice President and Treasurer
	
	 AmeriCredit Financial Services, Inc.,

as Guarantor

		
	By:	 	 /s/ Susan B. Sheffield

	Name:	 	Susan B. Sheffield
	Title:	 	 Executive Vice President and Treasurer

	
	 U.S. Bank National Association,
 as
Trustee

		
	By:	 	 /s/ K. Wendy Kumar

	Name:	 	K. Wendy Kumar
	Title:	 	Vice President

 [Signature Page to Base Indenture] 

 EXHIBIT A 

[FORM OF FACE OF SECURITY] 

GENERAL MOTORS FINANCIAL COMPANY, INC. 

GM FINANCIAL TERM NOTE 

MASTER REGISTERED GLOBAL NOTE 

This Note is a Global Note within the meaning of the Indenture, dated as of June 21, 2017, as it may be amended or supplemented from time
to time (the “Indenture”), between General Motors Financial Company, Inc., AmeriCredit Financial Services, Inc., a Delaware corporation (the “Guarantor”), and U.S. Bank National Association, as trustee (the “Trustee”)
under the Indenture and is registered in the name of Cede & Co., as the nominee of The Depository Trust Company (55 Water Street, New York, New York) (“DTC”). This Note is not exchangeable for definitive or other notes registered
in the name of a person other than DTC or its nominee, except in the limited circumstances described in the Indenture or in this Note, and no transfer of this Note (other than a transfer as a whole by DTC to a nominee of DTC or by a nominee of DTC
to DTC or another nominee of DTC or by DTC or any such nominee to a successor depository or a nominee of such successor depository) may be registered except in the limited circumstances described in the Indenture. 

Unless this Note is presented by an authorized representative of DTC to General Motors Financial Company, Inc. or its agent for registration
of transfer, exchange or payment, and this Note is registered in the name of CEDE & CO., or such other name as requested by an authorized representative of DTC, and unless any payment is made to CEDE & CO., 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. 

THIS NOTE IS A DIRECT, UNCONDITIONAL, UNSECURED AND UNSUBORDINATED GENERAL OBLIGATION OF GENERAL MOTORS FINANCIAL COMPANY, INC. 

This Note represents one or more obligations of General Motors Financial Company, Inc., a corporation duly organized and existing under the
laws of the State of Texas (hereinafter called the “Company”), which may be issued by the Company from time to time in one or more offerings up to the aggregate principal amount of GM Financial Term Notes (the “Term Notes”)
authorized by the Company’s board of directors, or a committee duly established and acting pursuant to the authority of the Company’s board of directors, to be issued (each such obligation, a “Supplemental Obligation”). The terms
of each Supplemental Obligation are and will be reflected in this Note and in a prospectus supplement and/or pricing supplement, identified on Schedule 1 hereto, to the Company’s prospectus dated June 21, 2017, as
it may be amended, supplemented, superseded or replaced from time to time (each such prospectus supplement and/or pricing supplement, if any, together with such prospectus, a “Pricing Supplement”), relating to such Supplemental Obligation,
which Pricing Supplement is on file with the Trustee. With respect to each Supplemental Obligation, the terms and provisions of the Supplemental Obligation contained in the applicable Pricing Supplement are hereby incorporated by reference herein
and are deemed to be a part of this Note as of the applicable Original Issue Date specified on Schedule 1 hereto. Each reference to “this Note” includes and shall be deemed to refer to each Supplemental
Obligation. 
 With respect to each Supplemental Obligation, every term of this Note is subject to modification, amendment or elimination
through the incorporation by reference of the applicable Pricing Supplement, whether or not the phrase “unless otherwise provided in the Pricing Supplement” or language of similar import precedes the term of this Note so modified, amended
or eliminated. It is the intent of the parties hereto that, in the case of any conflict between the terms of a Pricing Supplement and the terms herein, the terms of the Pricing Supplement shall control over the terms herein with respect to the
relevant Supplemental Obligation. Without limiting the foregoing, in the case of each Supplemental Obligation, holders of beneficial interests in this Note are directed to the applicable Pricing Supplement for a description of certain terms of such
Supplemental Obligation, including, as applicable, the manner of determining the principal amount of, interest, if any, on, and premium, if any, on, such Supplemental Obligation, the dates, if any, on which the principal amount of, interest, if any,
on, and premium, if any, on, such Supplemental Obligation is determined and payable, the amount payable upon any acceleration of such Supplemental Obligation and the principal amount of such Supplemental Obligation deemed to be Outstanding (as
defined in the Indenture) for purposes of determining whether holders of the requisite principal amount of Term Notes have made or given any request, demand, authorization, direction, notice, consent, waiver or other action under the Indenture. 

  
 Page 1 of 19 

 This Note is a “Master Note,” which term means a Global Note that provides for
incorporation therein of the terms of Supplemental Obligations by reference to the applicable Pricing Supplements, substantially as contemplated herein. 

The Company, for value received, hereby promises to pay to CEDE & CO., as nominee for DTC, or its registered assigns, the principal
amount, premium, if any, or other amounts as calculated and specified in the applicable Pricing Supplement, as adjusted in accordance with Schedule 1 hereto, on the maturity date specified in the applicable Pricing
Supplement (the “Stated Maturity Date”) (except to the extent redeemed or repaid prior to the Stated Maturity Date), and to pay interest thereon (i) in accordance with the provisions set forth on the reverse hereof in
Section 2(a), if the Term Notes are Fixed Rate Notes (as defined on the reverse hereof), (ii) in accordance with the provisions set forth on the reverse hereof in Section 2(b), if the Term Notes are Floating Rate Notes (as defined on the
reverse hereof), or (iii) in accordance with the provisions set forth in the applicable Pricing Supplement, if the Term Notes are Indexed Notes (as defined on the reverse hereof). “Maturity,” when used herein, means the date on which
the principal of the applicable series of Term Notes, or an installment of principal thereon, becomes due and payable in full in accordance with the terms of this Note, the applicable Pricing Supplement and the Indenture, whether at the Stated
Maturity Date or by declaration of acceleration, call for redemption, prepayment at the holder’s option or otherwise. 
 The interest
so payable, and punctually paid or duly provided for, on any Interest Payment Date for a series of Term Notes will be paid to the person in whose name this Note (or one or more predecessor notes evidencing all or a portion of the same debt as this
Note) is registered, unless otherwise specified in the applicable Pricing Supplement, at the close of business on the first day of the calendar month in which such Interest Payment Date occurs, whether or not such day is a Business Day (referred to
herein as the “Regular Record Date”), except that the Regular Record Date for the final payment of interest shall be the final Interest Payment Date; provided, however, that the first payment of interest on any series of Term
Notes with an Original Issue Date between a Regular Record Date and an Interest Payment Date or on an Interest Payment Date will be made on the Interest Payment Date following the next Regular Record Date to the person in whose name this Note is
registered at the close of business on such next Regular Record Date; and provided, further, that interest payable at Maturity (the “Maturity Date”) will be payable to the person to whom the principal hereof shall be payable.
The principal so payable, and punctually paid or duly provided for, at Maturity will be paid to the person in whose name this Note (or one or more predecessor notes evidencing all or a portion of the same debt as this Note) is registered at the time
of payment by the Trustee. Any such interest or principal not punctually paid or duly provided for shall be payable as provided in this Note and in the Indenture. 

Payments shall be made by wire transfer to the registered holder of this Note by the Trustee without necessity of presentation and surrender
of this Note to such account as has been appropriately designated to the Trustee by the person entitled to such payments. 
 The Company
will pay any administrative costs imposed by any bank in making payments in immediately available funds, but any tax, assessment or governmental charge imposed upon payments hereunder, including, without limitation, any withholding tax, will be
borne by the holder hereof. 
 Reference is made to the further provisions of this Note set forth on the reverse hereof and in the
applicable Pricing Supplement, which provisions shall have the same effect as though fully set forth herein. In the event of any conflict between the provisions contained herein or on the reverse hereof and the applicable terms and provisions
contained in the applicable Pricing Supplement, the latter shall control. References herein to “this Note,” “hereof,” “herein” and comparable terms shall mean this Note and shall include the applicable terms and
provisions set forth in the applicable Pricing Supplement. 
 Unless the certificate of authentication hereon has been executed by the
Trustee (or other authentication agent duly appointed in accordance with the Indenture), by manual signature of an authorized signatory, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

 [Remainder of page intentionally left blank.] 

  
 Page 2 of 19 

 IN WITNESS WHEREOF, General Motors Financial Company, Inc. has caused this instrument to be duly
executed on its behalf, by manual or facsimile signature. 
  

							
	Date:	 		 	GENERAL MOTORS FINANCIAL COMPANY, INC.
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	

  
 Page 3 of 19 

 CERTIFICATE OF AUTHENTICATION 

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

 

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

		 		 		 	Authorized Signatory

  
 Page 4 of 19 

 [Reverse of Note] 

GENERAL MOTORS FINANCIAL COMPANY, INC. 

GM FINANCIAL TERM NOTE 

MASTER REGISTERED GLOBAL NOTE 

SECTION 1. General. This Note represents the Company’s duly authorized Term Notes to be issued in one or more series under the
Indenture and to which Indenture reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company and the Trustee thereunder and the holders of the Term Notes and of the terms
upon which the Term Notes are, and are to be, authenticated and delivered. The term Trustee shall include any additional or successor trustee appointed in such capacity by the Company in accordance with the terms of the Indenture. Each series of
Term Notes (each, a “Series”) also will be issued pursuant to the prospectus dated June 21, 2017, as such document may be supplemented or amended from time to time, or pursuant to any document that supersedes or replaces such document
from time to time (referred to herein as the “Prospectus”), and may have different issue and Maturity Dates, bear interest at different rates and vary in such other ways as provided in the applicable Pricing Supplement and the Indenture
and described in the Prospectus. The specific terms of each Series of Term Notes will be described in a Pricing Supplement. 
 The Company
has initially appointed the Trustee to act as the Paying Agent, Note Registrar and transfer agent for the Term Notes. This Note may be presented or surrendered for payment, and notices, designations or requests in respect of payments with respect to
this Note may be served, at the corporate trust office of the Trustee, located at 100 Wall Street – Suite 1600, New York, NY 10005, or such other locations as may be specified by the Trustee and notified to the Company and the registered holder
of this Note. 
 Unless specified otherwise in the applicable Pricing Supplement, the Term Notes will not be subject to a sinking fund. 

The Trustee shall make appropriate entries on Schedule 1 hereto to identify and reflect the issuance of any
Supplemental Obligation represented by this Note and shall enter additional information with respect to such Supplemental Obligation as indicated on Schedule 1 hereto, all in accordance with instructions of the Company. In
addition, the Trustee shall make an appropriate notation in its records to reflect the issuance of any Supplemental Obligation represented by this Note. 

SECTION 2. Interest Provisions. 

(a)    Fixed Rate Notes. If a Series of Term Notes bears interest at a fixed rate (the “Fixed Rate
Notes”), the Company will pay interest on the principal amount specified in the applicable Pricing Supplement (as adjusted in accordance with Schedule 1 hereto) on each Interest Payment Date specified in such Pricing
Supplement and at Maturity, commencing on the first Interest Payment Date following the Original Issue Date specified in the applicable Pricing Supplement, except as provided on the face hereof, until payment of such principal sum has been made or
duly provided for. 
 Payments of interest will include interest accrued from, and including, the most recent Interest Payment Date to which
interest on the Series of Fixed Rate Notes has been paid or duly provided for (or, unless otherwise specified in the applicable Pricing Supplement, if no interest has been paid or duly provided for, from, and including, the Original Issue Date
specified in the applicable Pricing Supplement) to, but excluding, the relevant Interest Payment Date or Maturity Date, as the case may be, for such Series of Fixed Rate Notes. 

Unless otherwise specified in the applicable Pricing Supplement, if a Series of Fixed Rate Notes has an original maturity of less than one
year, interest (including payments for partial periods) will be computed and paid on the basis of the actual number of days elapsed divided by 360. Unless otherwise specified in the applicable Pricing Supplement, if a Series of Fixed Rate Notes has
an original maturity of one year or more, interest (including payments for partial periods) will be computed on the basis of a 360-day year of twelve 30-day months,
which may be referred to as the “30/360” day count convention. 

  
 Page 5 of 19 

 Unless otherwise specified in the applicable Pricing Supplement, if any Interest Payment Date or
the Maturity Date of a Series of Fixed Rate Notes falls on a day that is not a Business Day, the date of the related payment of principal, premium, if any, or interest on that Series will be the next succeeding Business Day with the same force and
effect as if made on the date such payments were due, and no additional interest will accrue in respect of the amount so payable for the period from and after such Interest Payment Date or the Maturity Date, as the case may be. 

(b)    Floating Rate Notes. If a Series of Term Notes bears interest at a floating rate (the “Floating Rate
Notes”), the Company will pay interest on the principal amount specified in the applicable Pricing Supplement (as adjusted in accordance with Schedule 1 hereto) on each Interest Payment Date specified in the applicable
Pricing Supplement and at Maturity, commencing on the first Interest Payment Date following the Original Issue Date specified in the applicable Pricing Supplement, except as provided on the face hereof, at a rate per annum determined in accordance
with the provisions hereof and the applicable Pricing Supplement, until payment of such principal sum has been made or duly provided for. 

Payments of interest hereon will include interest accrued from, and including, the most recent Interest Payment Date to which interest on the
Series of Floating Rate Notes has been paid or duly provided for (or, unless otherwise provided in the applicable Pricing Supplement, if no interest has been paid or duly provided for, from and including the Original Issue Date) to, but excluding,
the relevant Interest Payment Date or Maturity Date, as the case may be (each such period, an “Interest Period”). 
 As set forth
in the applicable Pricing Supplement, a Series of Floating Rate Notes may have either or both of the following: (i) a maximum numerical interest rate limitation, or ceiling, on the rate at which interest may accrue during any Interest Period
(“Maximum Interest Rate”); or (ii) a minimum numerical interest rate limitation, or floor, on the rate at which interest may accrue during any Interest Period (“Minimum Interest Rate”); provided, however, that
the interest rate on such Series of Term Notes will in no event be higher than the maximum rate permitted by applicable law. 
 The Base
Rate (as defined herein) with respect to a Series of Floating Rate Notes may be (i) the federal funds rate, (ii) the London interbank offered rate, or “LIBOR,” (iii) the prime rate, (iv) the treasury rate or (v) such
other rate as is described in the applicable Pricing Supplement. 
 Except as described below, a Series of Floating Rate Notes will bear
interest at the rate determined by reference to the appropriate interest rate basis (the “Base Rate”) and Index Maturity, each as specified in the applicable Pricing Supplement, (i) plus or minus the Spread, if any, specified in the
applicable Pricing Supplement and/or (ii) multiplied by the Spread Multiplier, if any, specified in the applicable Pricing Supplement. The interest rate in effect during an Interest Period will be the rate determined by the Calculation Agent
specified in the applicable Pricing Supplement on the “calculation date” by reference to the Interest Determination Date (as described below). 

The “calculation date” pertaining to any Interest Determination Date will be the date by which the Calculation Agent specified in
the applicable Pricing Supplement computes the amount of interest owed on the relevant Series of Floating Rate Notes for the related Interest Period. Unless otherwise specified in the applicable Pricing Supplement, the “calculation date”
will be the earlier of (a) the tenth calendar day after the related Interest Determination Date or, if that date is not a Business Day, the next succeeding Business Day; or (b) the Business Day immediately preceding the applicable Interest
Payment Date or the Maturity Date or the date of redemption or the date of prepayment, as the case may be. 
 The interest rate in effect on
each day shall be (a) if such day is an Interest Reset Date, the interest rate determined as of the Interest Determination Date pertaining to such Interest Reset Date or (b) if such day is not an Interest Reset Date, the interest rate
determined as of the Interest Determination Date pertaining to the immediately preceding Interest Reset Date. Unless otherwise specified herein or in the applicable Pricing Supplement, if any Interest Reset Date specified in the applicable Pricing
Supplement (including the Initial Interest Reset Date, as specified in the applicable Pricing Supplement) falls on a day that is not a Business Day, the Interest Reset Date will be postponed to the next day that is a Business Day, except that,
unless otherwise specified in the applicable Pricing Supplement, in the case of a Series of Floating Rate Notes with LIBOR as its Base Rate, if the next Business Day is in the next succeeding calendar month, the Interest Reset Date will be the
immediately preceding Business Day. The Interest Reset Dates are subject to adjustment as described below. 
 Unless otherwise specified in
the applicable Pricing Supplement: (i) the “Interest Determination Date” with respect to any Series of Floating Rate Notes that has the federal funds rate or the prime rate as its Base Rate will be the Business Day immediately
preceding the related Interest Reset Date; (ii) the “Interest Determination Date” with respect to any Series of 

  
 Page 6 of 19 

 
Floating Rate Notes that has LIBOR as its Base Rate will be the second London Banking Day preceding the related Interest Reset Date; and (iii) the “Interest Determination Date”
with respect to any Series of Floating Rate Notes that has the treasury rate as its Base Rate will be the day of the week in which the related Interest Reset Date falls on which Treasury bills of the Index Maturity specified in the Pricing
Supplement normally would be auctioned; provided, however, that if an auction is held on the Friday of the week preceding the related Interest Reset Date, the related “Interest Determination Date” shall be such preceding
Friday; and provided, further, that if an auction is held on any Interest Reset Date then the Interest Reset Date shall instead be the first Business Day following such auction. 

For a Series of Floating Rate Notes whose interest rate is determined by reference to two or more Base Rates, unless otherwise specified in
the applicable Pricing Supplement, the “Interest Determination Date” shall be the most recent Business Day that is at least two Business Days prior to the applicable Interest Reset Date for that Series of Floating Rate Notes on which each
Base Rate is determinable. 
 Unless otherwise specified in the applicable Pricing Supplement, if any Interest Payment Date falls on a day
that is not a Business Day, the date of the related payment of interest will be the next succeeding Business Day. However, unless otherwise specified in the applicable Pricing Supplement, if a Series of Floating Rate Notes has LIBOR as its Base
Rate, if an Interest Payment Date falls on a date that is not a Business Day, and the next Business Day is in the next calendar month, the Interest Payment Date will be the immediately preceding Business Day. In each such case, except for the
Interest Payment Date falling on the Maturity Date, the Interest Periods and the Interest Reset Dates will be adjusted accordingly to calculate the amount of interest payable on the Series of Floating Rate Notes. Unless otherwise specified in the
applicable Pricing Supplement, if the Maturity Date of a Series of Floating Rate Notes falls on a day that is not a Business Day, the related payment of principal of, or premium, if any, or interest on, that Series of Floating Rate Notes will be
made on the next succeeding Business Day with the same force and effect as if made on the date such payments were due, and no additional interest will accrue in respect of the amount so payable for the period from and after the Maturity Date. 

Accrued interest on a Series of Floating Rate Notes will be calculated by multiplying the principal amount of that Series by an accrued
interest factor. The accrued interest factor is the sum of the interest factors calculated for each day in the period for which accrued interest is being calculated. Unless otherwise indicated in the applicable Pricing Supplement, the daily interest
factor will be computed and interest will be paid (including payments for partial periods) as follows: (i) for Floating Rate Notes that have the federal funds rate, LIBOR, the prime rate or any other rate other than the treasury rate as a Base
Rate, the actual number of days in the relevant period divided by 360, which may be referred to as “Actual/360” and (ii) for Floating Rate Notes that have the treasury rate as a Base Rate, the actual number of days in the relevant
period divided by 365 or 366, as applicable, which may be referred to as “Actual/Actual.” 
 All amounts used in or resulting from
any calculation on this Note will be rounded to the nearest cent, with one-half cent or one-half of a corresponding hundredth of a unit or more being rounded upward.
Unless otherwise specified in the applicable Pricing Supplement, all percentages resulting from any calculation are rounded to the nearest one hundred-thousandth of a percent, with five one-millionths of a
percentage point rounded upward. For example, 9.876545% (or .09876545) will be rounded to 9.87655% (or .0987655). 
 Notwithstanding the
calculations determined as specified below, the interest rate hereon shall not be greater than the Maximum Interest Rate, if any, or less than the Minimum Interest Rate, if any, specified in the applicable Pricing Supplement. 

The Calculation Agent shall calculate the interest rate on the applicable Series of Floating Rate Notes in accordance with the procedures
described below on or before each calculation date. At the request of the registered holder hereof, the Calculation Agent will provide to such holder the interest rate a Series of Floating Rate Notes then in effect and, if determined, the interest
rate which will become effective as of the next Interest Reset Date. 
 Determination of LIBOR. LIBOR for any Interest Determination
Date will be the arithmetic mean of the offered rates for deposits in the relevant Index Currency having the Index Maturity described in the applicable Pricing Supplement, commencing on the related Interest Reset Date, as the rates appear on the
Reuters LIBOR screen page designated in the applicable Pricing Supplement as of 11:00 A.M., London time, on that Interest Determination Date, if at least two offered rates appear on the designated Reuters LIBOR screen page, except that, if the
designated Reuters LIBOR screen page only provides for a single rate, that single rate will be used. 

  
 Page 7 of 19 

 If fewer than two of the rates described above appear on that page or no rate appears on any page
on which only one rate normally appears, then the Calculation Agent will determine LIBOR as follows: 
  

	 	•	 	The Calculation Agent will request on the Interest Determination Date four major banks in the London interbank market, as selected and identified by the Company, to provide their offered quotations for deposits in the
relevant Index Currency having an Index Maturity specified in the applicable Pricing Supplement commencing on the Interest Reset Date and in a representative amount to prime banks in the London interbank market at approximately 11:00 A.M., London
time. 

  

	 	•	 	If at least two quotations are provided, the Calculation Agent will determine LIBOR as the arithmetic mean of those quotations. 

  

	 	•	 	If fewer than two quotations are provided, the Company will select and identify to the Calculation Agent three major banks in New York City. On the Interest Reset Date, those three banks will be requested by the
Calculation Agent to provide their offered quotations for loans in the relevant Index Currency having an Index Maturity specified in the applicable Pricing Supplement commencing on the Interest Reset Date and in a representative amount to leading
European banks at approximately 11:00 A.M., New York time. The Calculation Agent will determine LIBOR as the arithmetic mean of those quotations. 

  

	 	•	 	If fewer than three New York City banks selected by the Company are quoting rates, LIBOR for that interest period will remain LIBOR then in effect on the Interest Determination Date. 

“Representative amount” means an amount that, in the Company’s judgment, is representative of a single transaction in
the relevant market at the relevant time. 
 “Reuters page” means the display on the Thomson Reuters service, or any
successor or replacement service (“Reuters”), on the page or pages specified, or any successor or replacement page or pages on that service. 

Determination of Treasury Rate. The “treasury rate” for any Interest Determination Date is the rate set at the auction of
direct obligations of the United States (“Treasury bills”) having the Index Maturity described in the applicable Pricing Supplement, as specified under the caption “INVEST RATE” on the display on Reuters on page USAUCTION10 or
USAUCTION11. 
 The following procedures will be followed if the treasury rate cannot be determined as described above: 

 

	 	•	 	If the rate is not displayed on Reuters by 3:00 P.M., New York City time, on the related calculation date, the treasury rate will be the bond equivalent yield, as defined below, of the auction rate of the applicable
Treasury bills as announced by the U.S. Department of the Treasury. 

  

	 	•	 	If the alternative rate described in the paragraph immediately above is not announced by the U.S. Department of the Treasury, or if the auction is not held, the treasury rate will be the bond equivalent yield of the
rate on the particular Interest Determination Date of the applicable Treasury bills as published in H.15(519) under the caption “U.S. government securities/Treasury bills (Secondary Market).” 

 

	 	•	 	If the alternative rate described in the paragraph immediately above is not announced by the U.S. Department of the Treasury, the treasury rate will be the bond equivalent yield of the rate on the particular Interest
Determination Date of the applicable Treasury bills as published in H.15 Daily Update, or another recognized electronic source used for the purpose of displaying the applicable rate, under the caption “U.S. Government Securities/Treasury Bills
(secondary market).” 

  

	 	•	 	If the alternative rate described in the paragraph immediately above is not published by 3:00 P.M., New York City time, on the related calculation date, the treasury rate will be the rate on the particular Interest
Determination Date calculated by the Calculation Agent as the bond equivalent yield of the arithmetic mean of the secondary market bid rates, as of approximately 3:30 P.M., New York City time, on that Interest Determination Date, of three primary
U.S. government securities dealers, selected by the Company, for the issue of Treasury bills with a remaining maturity closest to the particular Index Maturity. 

  
 Page 8 of 19 

	 	•	 	If the dealers selected by the Company are not quoting as described in the paragraph immediately above, the treasury rate will be the treasury rate in effect on the particular Interest Determination Date.

 The bond equivalent will be calculated using the following formula: 

 

							
	Bond Equivalent Yield =	  	 D x N
	  	 x 100
	  	
		  	360 – (D x M)	  		  	

 where “D” refers to the applicable annual rate for Treasury bills quoted on a bank discount basis and expressed as a
decimal, “N” refers to 365 or 366, as the case may be, and “M” refers to the actual number of days in the applicable interest period. 

“H.15(519)” means the weekly statistical release designated as H.15(519), or any successor publication, published by the
Board of Governors of the Federal Reserve System at http://www.federalreserve.gov/releases/h15/current/, or any successor site or publication. 

“H.15 Daily Update” means the daily update of H.15(519), available through the website of the Board of Governors of the
Federal Reserve System at http://www.federalreserve.gov/releases/h15/update, or any successor site or publication. 
 Determination of
Federal Funds Rate. The “federal funds rate” for any Interest Determination Date will be as follows: 
  

	 	•	 	if “Federal Funds (Effective) Rate” is specified in the applicable Pricing Supplement, the federal funds rate for any Interest Determination Date will be the rate on that date for U.S. dollar federal
funds, as published in H.15 (519) under the heading “Federal funds (effective)” and displayed on Reuters on page FEDFUNDS1 under the heading “EFFECT” (“Reuters Page FEDFUNDS1”), or if such rate is not published
in H.15 Daily Update by 3:00 P.M., New York City time, on the related calculation date or does not appear on Reuters Page FEDFUNDS1, the federal funds rate will be the rate on that Interest Determination Date, as published in H.15 Daily Update, or
any other recognized electronic source for the purposes of displaying the applicable rate, under the caption “Federal funds (effective).” If the alternate rate described in the preceding sentence is not published in H.15 Daily Update, or
other recognized electronic source for the purpose of displaying the applicable rate, by 3:00 P.M., New York City time, on the related calculation date, then the Calculation Agent will determine the federal funds rate to be the average of the rates
for the last transaction in overnight U.S. dollar federal funds, quoted prior to 9:00 A.M., New York City time, on the business day following that Interest Determination Date, by each of three leading brokers of U.S. dollar federal funds
transactions in New York City, selected by the Company; provided, however, if fewer than three brokers selected by the Company are quoting as described above, the federal funds rate will be the federal funds rate then in effect on that
Interest Determination Date. 

  

	 	•	 	if “Federal Funds Open Rate” is specified in the applicable Pricing Supplement, the federal funds rate will be the rate on that Interest Determination Date for U.S. dollar federal funds transactions
among member of the U.S. Federal Reserve System arranged by federal funds brokers on such day, under the heading “Federal Funds” for the applicable Index Maturity and opposite the caption “Open” and displayed on Reuters on page 5
(“Reuters Page 5”), or if such rate does not appear on Reuters Page 5 by 3:00 P.M., New York City time, on the related calculation date, the federal funds rate will be the rate on that Interest Determination Date displayed on the
FFPREBON Index page on Bloomberg L.P. (“Bloomberg”), which is the Fed Funds Opening Rate as reported by Prebon Yamane (or a successor) on Bloomberg. If the alternate rate described in the preceding sentence is not displayed on the
FFPREBON Index page on Bloomberg, or any other recognized electronic source for the purpose of displaying the applicable rate, by 3:00 P.M., New York City time, on the related calculation date, then the Calculation Agent will determine the federal
funds rate to be the average of the rates for the last transaction in overnight U.S. dollar federal funds, quoted prior to 9:00 A.M., New York City time, on that Interest Determination Date, by each of three leading brokers of U.S. dollar federal
funds transactions in New York City, selected by the Company; provided, however, if fewer than three brokers selected by the Company are quoting as described above, the federal funds rate will be the federal funds rate then in effect
on that Interest Determination Date. 

  
 Page 9 of 19 

	 	•	 	if “Federal Funds Target Rate” is specified in the applicable Pricing Supplement, the federal funds rate will be the rate on that Interest Determination Date for U.S. dollar federal funds displayed on
the FDTR Index page on Bloomberg. If such rate does not appear on the FDTR Index page on Bloomberg by 3:00 P.M., New York City time, on the calculation date, the federal funds rate for such Interest Determination Date will be the rate for that day
appearing on Reuters on page USFFTARGET= (“Reuters Page USFFTARGET=“). If such rate does not appear on the FDTR Index page on Bloomberg or is not displayed on Reuters Page USFFTARGET= by 3:00 P.M., New York City time, on the related
calculation date, then the Calculation Agent will determine the federal funds rate to be the average of the rates for the last transaction in overnight U.S. dollar federal funds, quoted prior to 9:00 A.M., New York City time, on that Interest
Determination Date, by each of three leading brokers of U.S. dollar federal funds transactions in New York City, selected by the Company; provided, however, if fewer than three brokers selected by the Company are quoting as described
above, the federal funds rate will be the federal funds rate then in effect on that Interest Determination Date. 

Determination of Prime Rate. The “prime rate” for any Interest Determination Date will be the prime rate or base lending rate
on that date, as published in H.15(519) prior to 3:00 P.M., New York City time, on the related calculation date, under the caption “Bank prime loan.” 

The following procedures will be followed if the prime rate cannot be determined as described above: 

 

	 	•	 	If the rate is not published in H.15(519) by 3:00 P.M., New York City time, on the related calculation date, then the prime rate will be the rate as published in H.15 Daily Update, or any other recognized electronic
source used for the purpose of displaying the applicable rate, under the caption “Bank prime loan.” 

  

	 	•	 	If the alternative rate described above is not published in H.15 Daily Update or another recognized electronic source by 3:00 P.M., New York City time, on the related calculation date, then the Calculation Agent will
determine the prime rate to be the arithmetic mean of the rates of interest publicly announced by each bank that appears on Reuters on page USPRIME1, as defined below, as that bank’s prime rate or base lending rate as in effect as of 11:00
A.M., New York City time, on that Interest Determination Date. 

  

	 	•	 	If fewer than four rates appear on Reuters on page USPRIME1 for that Interest Determination Date, by 3:00 P.M., New York City time, then the Calculation Agent will determine the prime rate to be the average of the prime
rates or base lending rates furnished in New York City by three substitute banks or trust companies (all organized under the laws of the United States or any of its states and having total equity capital of at least U.S.$500,000,000) selected by the
Company. 

  

	 	•	 	If the banks selected by the Company are not quoting as described above, the prime rate will remain the prime rate then in effect on the Interest Determination Date. 

“Reuters page USPRIME1” means the display designated as page “USPRIME1” on Reuters for the purpose of displaying
prime rates or base lending rates of major U.S. banks. 
 (c)    Indexed Notes. If interest on a Series of Term
Notes is determined by reference, either directly or indirectly, to the price, performance or levels of one or more securities, currencies or composite currencies, interest rates, inflation rates stock or other indices, or other formulae, financial
or market measures or reference assets (the “Indexed Notes”), interest for a specified period shall be calculated as set forth in the applicable Pricing Supplement. 

SECTION 3.    Guarantee. Any Subsidiary (as defined in the Indenture) may become a Guarantor (as defined in the
Indenture) of Term Notes of a Series to which Article 10 of the Indenture (“Article 10”) is made applicable as provided in Section 2.02 of the Indenture by executing and delivering to the Trustee a Subsidiary Guarantee in the form
attached hereto as Annex I. If so specified in, and in accordance with the terms of, the applicable Pricing Supplement, a Series of Term Notes is to be guaranteed by any Guarantor, then the Guarantor(s) shall be specified in the applicable Pricing
Supplement and the provisions of Article 10 and any applicable supplemental indenture shall be applicable to the Term Notes of such Series and to the terms of the Guarantees (as defined in the Indenture) of the Term Notes of such Series. 

  
 Page 10 of 19 

 SECTION 4.    Indenture. The Company issued the Term Notes under the
Indenture. The terms of the Term Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb). The Term Notes are subject to all
such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Term Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and
be controlling. The Term Notes are not limited as to aggregate principal amount. 
 SECTION 5.    Security. If
specified in, and accordance with the terms of, the applicable Pricing Supplement, a Series of Term Notes and any Guarantees endorsed thereon or attached thereto may be secured by such property, assets or other collateral as may be specified in any
applicable Pricing Supplement. Any and all terms and provisions applicable to the security for the Term Notes of such Series shall also be provided in the applicable Pricing Supplement, which may include provisions for the execution and
delivery of such security agreements, pledge agreements, collateral agreements and other similar or related agreements as the Company and any applicable Guarantors may elect and which may provide for the Trustee to act as collateral agent or in a
similar or other capacity. 
 SECTION 6.    Amortizing Notes. If a Series of Term Notes is designated as
“Amortizing Notes” in the applicable Pricing Supplement, the Company will make payments combining principal and interest on the dates and in the amounts set forth in the applicable Pricing Supplement. Payments made on an Amortizing Note
will be applied first to interest due and payable on each such payment date and then to the reduction of the Outstanding Face Amount. The term “Outstanding Face Amount” means, at any time, the amount of unpaid principal a Series of
Amortizing Notes at such time. 
 SECTION 7.    Original Issue Discount Note. If a Series of Term Notes is
designated as “Original Issue Discount Notes” in the applicable Pricing Supplement, then, unless otherwise specified therein, the amount payable to the holder of that Series of Term Notes in the event of redemption, repayment or
acceleration of Maturity will be the Amortized Face Amount (as defined below) of the applicable Series of Term Notes as of the date of such event. The “Amortized Face Amount” shall be the amount equal to (a) the issue price (as set
forth in the applicable Pricing Supplement) plus (b) the original issue discount amortized from the Original Issue Date of that Series of Term Notes to the date as of which the Amortized Face Amount is calculated, as specified in the applicable
Pricing Supplement. 
 SECTION 8.    Optional Redemption. If so specified in, and in accordance with the terms
of, the applicable Pricing Supplement, a Series of Term Notes may be redeemable at the option of the Company on any Interest Payment Date (unless otherwise specified in the applicable Pricing Supplement) on and after an initial date specified in the
applicable Pricing Supplement, if any, or on such other date or dates, if any, set forth in the applicable Pricing Supplement for the redemption at the option of the Company (each such date, an “Optional Redemption Date”). IF NO
OPTIONAL REDEMPTION DATE OR DATES ARE SET FORTH IN THE APPLICABLE PRICING SUPPLEMENT, THAT SERIES OF TERM NOTES MAY NOT BE REDEEMED AT THE OPTION OF THE COMPANY PRIOR TO ITS STATED MATURITY DATE. 

Unless otherwise specified in the applicable Pricing Supplement, a Series of Term Notes may be redeemed on any Optional Redemption Date in
whole or from time to time in part (in increments of the Minimum Denomination, as defined below) at the option of the Company at a redemption price of 100% of the principal amount of that Series of Term Notes being redeemed (unless a different
redemption price is specified in the applicable Pricing Supplement), together with accrued and unpaid interest on that Series of Term Notes payable at the applicable rate or rates borne by that Series of Term Notes to, but excluding, the date fixed
for redemption, on notice given in accordance with the Indenture not less than 30 calendar days nor more than 60 calendar days prior to the date fixed for redemption. The notice of redemption will take the form of a certificate signed by the Company
specifying: 
  

	 	•	 	the date fixed for redemption; 

  

	 	•	 	the redemption price; 

  

	 	•	 	the CUSIP numbers of the Series of Term Notes to be redeemed; 

  

	 	•	 	the amount to be redeemed, if less than all of the Series of Term Notes is to be redeemed; 

  
 Page 11 of 19 

	 	•	 	the place of payment for the Series of Term Notes to be redeemed; 

  

	 	•	 	that interest accrued on the Series of Term Notes to be redeemed will be paid as specified in the notice; and 

  

	 	•	 	that on and after the date fixed for redemption, interest will cease to accrue on the Term Notes to be redeemed. 

So long as DTC (or a successor depository) is the record holder of a Series of Term Notes, the Company will deliver any redemption notice only to DTC (or a
successor depository). 
 In the event of redemption of a Series of Term Notes in part only, the unredeemed portion thereof shall be at
least the minimum authorized denomination (the “Minimum Denomination”) specified in the applicable Pricing Supplement, or if no such Minimum Denomination is so specified, U.S. $1,000. In the event of redemption of a Series of Term Notes in
part only, the unredeemed portion of that Series of Term Notes shall continue to be represented by this Note and the applicable Pricing Supplement, subject to modifications specified on Schedule 1 attached hereto. The
Trustee shall note any such early redemption, whether in whole or in part, on Schedule 1 hereto. Unless otherwise specified in the applicable Pricing Supplement, if less than all of a Series of Term Notes is to be redeemed,
the amount of that Series of Term Notes to be redeemed shall be selected in accordance with the procedures of DTC. 
 From and after any
date fixed for redemption, if monies for the redemption of a Series of Term Notes (or portion thereof) shall have been made available for redemption on such date, that Series of Term Notes (or such portion thereof) shall cease to bear interest or
premium and the holder’s only right with respect to that Series of Term Notes (or such portion thereof) shall be to receive payment of the redemption price of such Series being redeemed as specified in the applicable Pricing Supplement and, if
appropriate, all unpaid interest accrued to such date fixed for redemption. 
 SECTION 9.    Optional Repayment.
If so specified in, and in accordance with the terms of, the applicable Pricing Supplement, a Series of Term Notes may be repayable prior to its Stated Maturity Date at the option of the holder on the optional repayment date(s), if any, specified in
the applicable Pricing Supplement (each, an “Optional Repayment Date”). IF NO OPTIONAL REPAYMENT DATES ARE SET FORTH IN THE APPLICABLE PRICING SUPPLEMENT, THAT SERIES OF TERM NOTES MAY NOT BE SO REPAID AT THE OPTION OF THE HOLDER PRIOR
TO ITS STATED MATURITY DATE. Unless otherwise specified in the applicable Pricing Supplement, on any Optional Repayment Date, if any, a Series of Term Notes shall be repayable in whole or in part at the option of the holder at a repayment price
equal to 100% of the principal amount to be repaid, together with accrued and unpaid interest payable at the applicable rate or rates borne by that Series of Term Notes to, but excluding, the date of repayment; provided, however, that,
in the event of repayment of a Series of Term Notes in part only, the unrepaid portion of such Series of Term Notes shall be at least the Minimum Denomination specified in the applicable Pricing Supplement, or if no such Minimum Denomination is so
specified, U.S. $1,000. For a Series of Term Notes to be repaid in whole or in part at the option of the holder on any Optional Repayment Date, a notice, with the form attached hereto entitled “Option to Elect Repayment” duly completed,
shall have been received by the Company and the Trustee in accordance with the terms of the Indenture. Such notice shall be delivered at least 30 but not more than 60 calendar days prior to such holder’s Optional Repayment Date. In the event of
repayment of a Series of Term Notes in part only, the portion of that Series of Term Notes that is not repaid shall continue to be represented by this Note and the applicable Pricing Supplement, subject to modifications specified on Schedule
1 attached hereto. The Trustee shall note any such optional repayment, whether in whole or in part, on Schedule 1 hereto. Exercise of such repayment option by the holder hereof shall be irrevocable. 

From and after any Optional Repayment Date, if monies for the repayment of a Series of Term Notes (or portion thereof) shall have been made
available for repayment on such Optional Repayment Date, that Series of Term Notes (or such portion thereof) shall cease to bear interest and the holder’s only right with respect to that Series of Term Notes (or such portion thereof) shall be
to receive payment of the principal amount of the Series of Term Notes being repaid (or, if the Series of Term Notes is issued as “Original Issue Discount Notes” as specified in the applicable Pricing Supplement, the amortized face amount
thereof) and, if appropriate, all unpaid interest accrued to such Optional Repayment Date. 
 SECTION
10.    Survivor’s Option. If the applicable Pricing Supplement provides that the Survivor’s Option (as defined in the Indenture) is applicable to a Series of Term Notes, the Representative (defined below) of a
deceased beneficial owner interests in that Series of Term Notes shall be entitled to repayment of the deceased beneficial owner’s interests in that Series of Term Notes following the death of the beneficial owner. The terms of any such
Survivor’s Option shall be specified by the Company pursuant to Section 2.02 of the Indenture and set forth in the terms of the applicable Pricing 

  
 Page 12 of 19 

 
Supplement and/or Term Note. Unless specifically provided in the applicable Pricing Supplement, the Survivor’s Option may not be exercised unless the deceased beneficial owner’s
interests in that Series of Term Notes were acquired by the beneficial owner at least six months prior to such election. 
 If the
Survivor’s Option is applicable to a Series of Term Notes, upon the valid exercise of the Survivor’s Option, the Company shall repay the deceased beneficial owner’s interests in that Series of Term Notes (or portion thereof), properly
tendered for repayment by or on behalf of the person (the “Representative”) that has authority to act on behalf of the deceased beneficial owner of a Series of Term Notes under the laws of the appropriate jurisdiction (including, without
limitation, the personal representative or executor of the deceased beneficial owner or the surviving joint owner with the deceased beneficial owner) at a price equal to 100% of the principal amount of the deceased beneficial owner’s beneficial
interests in such Series of Term Notes plus accrued and unpaid interest to the date of such repayment, subject to the following limitations: 

(a)    The Company, in its sole discretion, may limit (i) the aggregate principal amount of Term Notes of all Series
as to which exercises of the Survivor’s Option shall be accepted by the Company from all Representatives of deceased beneficial owners in any calendar year (the “Annual Put Limitation”) to an amount equal to the greater of $2,000,000
or 2% of the Outstanding principal amount of all Term Notes issued under the Indenture as of the end of the most recent calendar year, or such greater amount as the Company, in its sole discretion, may determine for any calendar year, and
(ii) the aggregate principal amount of Term Notes as to which exercises of the Survivor’s Option shall be accepted by the Company from the Representative of any individual deceased beneficial owner of a Series of Term Notes in any calendar
year to $250,000, or such greater amount as the Company, in its sole discretion, may determine for any calendar year (the “Individual Put Limitation”). 

(b)    The Company shall not make principal repayments pursuant to exercises of the Survivor’s Option in amounts that
are less than $1,000, and the principal amount of such Series of Term Notes remaining Outstanding after repayment pursuant to exercise of the Survivor’s Option must be at least $1,000. If, however, the original principal amount of a Series of
Term Notes was less than $1,000, the Representative of the deceased beneficial owner of such Series of Term Notes may exercise the Survivor’s Option, but only for the full principal amount of such Series of Term Notes. 

(c)    Any Series of Term Notes (or portion thereof) tendered pursuant to a valid exercise of the Survivor’s Option
may not be withdrawn. 
 Each Series of Term Notes (or portion thereof) that is tendered pursuant to valid exercise of the Survivor’s
Option shall be accepted in the order that such Series of Term Notes was received by the Trustee, except for any Series of Term Notes (or portion thereof) the acceptance of which would contravene (i) the Annual Put Limitation, if applied, or
(ii) the Individual Put Limitation, if applied, with respect to the relevant individual deceased beneficial owner. If, as of the end of any calendar year, the aggregate principal amount of Term Notes that have been tendered pursuant to the
valid exercise of the Survivor’s Option during such year has exceeded either the Annual Put Limitation, if applied, or the Individual Put Limitation, if applied, for such year, any exercise(s) of the Survivor’s Option with respect to a
Series of Term Notes (or portion of such Series of Term Notes) not accepted during such calendar year because such acceptance would have contravened either such limitation, if applied, shall be deemed to be tendered in the following calendar year in
the order all such Series of Term Notes (or portion of such Series of Term Notes) were originally tendered. Unless otherwise specified in the applicable Pricing Supplement, any Series of Term Notes (or portion thereof) accepted for repayment
pursuant to exercise of the Survivor’s Option shall be repaid on the first Interest Payment Date that occurs 20 or more calendar days after the date of such acceptance. In the event that a Series of Term Notes (or any portion thereof) tendered
for repayment or repurchase pursuant to valid exercise of the Survivor’s Option is not accepted, the Trustee shall deliver a notice by first class mail to the registered holder thereof, at its last known address as indicated in the Note
Register, that states the reason such Series of Term Notes (or portion thereof) has not been accepted for payment. 
 In order for a
Survivor’s Option to be validly exercised with respect to any Series of Term Notes (or portion thereof), the Trustee must receive from the Representative: (i) a written request for repayment signed by the Representative, and such signature
must be guaranteed by a member firm of a registered national securities exchange or of the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company having an office or correspondent in the United States, (ii) tender
of a note (or portion thereof) to be repaid (if such Series of Term Notes is issued in certificated form), (iii) appropriate evidence satisfactory to the Trustee that (A) the deceased was the beneficial owner of such Series of Term Notes
at the time of death and the interest in such Series of Term Notes was acquired by the deceased beneficial owner at least six months prior to the request for repayment, (B) the death of such beneficial owner has occurred, and the date of such

  
 Page 13 of 19 

 
death, and (C) the Representative has authority to act on behalf of the deceased beneficial owner, (iv) if applicable, a properly executed assignment or endorsement, (v) if the
beneficial ownership interest in such Series of Term Notes is held by a nominee of the deceased beneficial owner, a certificate satisfactory to the Trustee from such nominee attesting to the deceased’s beneficial ownership of such Series of
Term Notes, (vi) tax waivers and such other instruments or documents that the Trustee reasonably requires in order to establish the validity of the beneficial ownership of the Series of Term Notes and the claimant’s entitlement to payment,
and (vii) any additional information the Trustee requires to evidence satisfaction of any conditions to the exercise of such Survivor’s Option or to document beneficial ownership or authority to make the election and to cause the repayment
of such Series of Term Notes. Subject to the Company’s right hereunder to limit the aggregate principal amount of Term Notes as to which exercises of the Survivor’s Option shall be accepted in any one calendar year, all questions as to the
eligibility or validity of any exercise of the Survivor’s Option will be determined by the Trustee, in its sole discretion, which determination shall be final and binding on all parties. 

The death of a person holding a beneficial ownership interest in a Series of Term Notes as a joint tenant or tenant by the entirety with
another person, or as a tenant in common with the deceased holder’s spouse, will be deemed the death of the beneficial owner of the Series of Term Notes, and the entire principal amount of the interests in such Series of Term Notes so held
shall be subject to repayment. However, the death of a person holding a beneficial ownership interest in a Series of Term Notes as tenant in common with a person other than such deceased holder’s spouse will be deemed the death of a beneficial
owner only with respect to the deceased person’s interest in the Series of Term Notes and only the deceased beneficial owner’s percentage interest in the principal amount of the Series of Term Notes will be subject to repayment. The death
of a person who, during his or her lifetime, was entitled to substantially all of the beneficial ownership interests in a Series of Term Notes will be deemed the death of the beneficial owner of such Series of Term Notes for purposes of this
provision, regardless of whether such beneficial owner was the registered holder of the Series of Term Notes, if such beneficial ownership interest can be established to the satisfaction of the Trustee. Such beneficial ownership interest will be
deemed to exist in typical cases of nominee ownership, ownership under the Uniform Transfers to Minors Act or Uniform Gifts to Minors Act, community property or other joint ownership arrangements between a husband and wife. In addition, the
beneficial ownership interest will be deemed to exist in custodial and trust arrangements where one person has all of the beneficial ownership interest in the Series of Term Notes during his or her lifetime. 

For purposes of the Survivor’s Option, a person shall be deemed to have had a “beneficial ownership interest” in a Series of
Term Notes if such person had the right, immediately prior to such person’s death, to receive the proceeds from the disposition of such Series of Term Notes, as well as the right to receive payment of the principal of such Series of Term Notes.

 Since each Series of Term Notes will be represented by this Note (except in the limited circumstances described in the Indenture), DTC
(or a successor depository) or its nominee shall be the holder of each Series of Term Notes and therefore shall be the only entity that can exercise the Survivor’s Option. To obtain repayment pursuant to exercise of the Survivor’s Option
with respect to a Series of Term Notes, the Representative must provide to the broker or other entity through which the beneficial interest in such Series of Term Notes is held by the deceased beneficial owner (i) the documents described in the
third preceding paragraph and (ii) instructions to such broker or other entity to notify DTC of such Representative’s desire to obtain repayment pursuant to exercise of the Survivor’s Option. Such broker or other entity shall provide
to the Trustee (a) the documents received from the Representative referred to in clause (i) of the preceding sentence and (b) a certificate satisfactory to the Trustee from such broker or other entity stating that it represents the
deceased beneficial owner. Such broker or other entity shall be responsible for disbursing any payments it receives pursuant to exercise of the Survivor’s Option to the appropriate Representative. 

SECTION 11.    Modification and Waivers. The Indenture permits, with certain exceptions as therein provided, the
amendment of the Indenture and the modification of the rights and obligations of the Company and the rights of the holders of the Term Notes under the Indenture at any time by the Company with the consent of the holders of at least a majority in
aggregate principal amount of the then outstanding Term Notes of each Series affected by such amended or supplemental indenture (voting together as a single class and including consents obtained in connection with a tender offer or exchange offer
for the Term Notes of any such Series). The Indenture also contains provisions permitting the holders of a majority in aggregate principal amount of Term Notes of each Series then outstanding under the Indenture and affected thereby, on behalf of
the holders of all such Term Notes, to waive compliance by the Company with any provision of the Indenture. Any such consent or waiver by the holder of such Term Notes shall be conclusive and binding upon such holder and upon all future holders of
those Term Notes and of any Term Notes issued upon the registration of transfer thereof or in exchange therefor or in lieu hereof whether or not notation of such consent or waiver is made upon such Term Notes. The determination of whether particular
Term Notes are “outstanding” will be made in accordance with the Indenture. 

  
 Page 14 of 19 

 Any new Global Note authenticated and delivered after the execution of any agreement modifying,
amending or supplementing this Note may bear a notation in a form approved by the Company as to any matter provided for in such modification, amendment or supplement to the Indenture or the Term Notes. Any new Global Note so modified as to conform,
in the opinion of the Company, to any provisions contained in any such modification, amendment or supplement may be prepared by the Company, authenticated by the Trustee and delivered in exchange for this Note. 

SECTION 12.    Obligations Unconditional. No reference herein to the Indenture and no provision of this Note or of
the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal, premium, if any, and interest on each Series of Term Notes at the times, place and rate, and in the coin or currency,
prescribed in this Note and in the applicable Pricing Supplement. 
 SECTION 13.    Successor to Company. The
Company may not consolidate or merge with or into any other corporation or sell or convey all or substantially all of its assets to any person, unless (i) the Company shall be the surviving corporation, or the successor corporation (if other
than the Company) shall be a corporation organized and existing under the laws of the United States of America or a state thereof, and such corporation shall expressly assume all the Company’s obligations under the Indenture; and
(ii) immediately after giving effect to such transaction, the Company or such successor corporation, as the case may be, is not in default in the performance of any covenant or condition under the Indenture. 

Upon consolidation, merger, sale or transfer as described above, the resulting or acquiring entity shall be substituted for the Company in the
Indenture with the same effect as if it had been an original party to the Indenture, and the successor entity may exercise the Company’s right and powers under the Indenture. 

SECTION 14.    Minimum Denominations. Each Series of Term Notes may be issued, whether on the Original Issue Date
or upon registration of transfer, exchange or partial redemption or repayment of such Series of Term Notes, only in a Minimum Denomination as specified in the applicable Pricing Supplement, or if no Minimum Denomination is so specified, in minimum
denominations of U.S. $1,000 and any integral multiple of U.S. $1,000 in excess thereof. 
 SECTION
15.    Registration of Transfer. As provided in the Indenture and subject to certain limitations as therein set forth, the transfer of this Note is registrable in the register maintained by the Note Registrar, upon
surrender of this Note for registration of transfer at the office or agency of the Company designated by it pursuant to the Indenture, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the
Trustee or the Note Registrar requiring such written instrument of transfer duly executed by, the registered holder hereof or his attorney duly authorized in writing, and thereupon one or more new notes will be issued to the designated transferee or
transferees. 
 This Note may be exchanged in whole, but not in part, for Certificated Notes (as defined below) (a) if DTC notifies the
Company that it is unwilling or unable to continue as depository for the Global Notes or the Company becomes aware that DTC has ceased to be a clearing agency registered under the Securities Exchange Act of 1934 and, in any such case, the Company
fails to appoint a successor to DTC within 90 calendar days or (b) the Company, in its sole discretion, determines that the Global Notes shall be exchangeable for definitive notes. Unless otherwise set forth herein or in the Indenture or the
applicable Pricing Supplement, Certificated Notes will be issued in Minimum Denominations only and will be issued in registered form only, without coupons. 

In addition, this Note is a master note and may be exchanged at any time, solely upon the request of the Company to the Trustee and in
accordance with the Indenture, for one or more global notes in the same aggregate principal amount, each of which may or may not be a master note, as requested by the Company. Each such replacement global note that is a master note shall reflect
such of the Supplemental Obligations as the Company shall request, provided that each Supplemental Obligation at the time of such exchange is represented by a global note or a master note. Each such replacement global note that is not a master note
shall represent one (and only one) Supplemental Obligation as requested by the Company, and such global note shall reflect the terms of such Supplemental Obligation. 

  
 Page 15 of 19 

 Subject to the terms of the Indenture, if Certificated Notes are issued with respect to a Series
of Term Notes, a holder may exchange its Term Notes for other Term Notes of the same Series in an equal aggregate principal amount and in Minimum Denominations. 

Certificated Notes may be presented for registration of transfer at the office of the Note Registrar or at the office of any transfer agent
that the Company may designate and maintain. The Note Registrar or the transfer agent will make the transfer or registration only if it is satisfied with the documents of title and identity of the person making the request. The Company may change
the Note Registrar or the transfer agent or approve a change in the location through which the Note Registrar or transfer agent acts at any time, except that the Company will be required to maintain a Note Registrar and transfer agent in each place
of payment for the notes of a Series. At any time, the Company may designate additional transfer agents for a Series. 
 The Company will
not be required to (a) issue, exchange, or register the transfer of any Term Notes if it has exercised its right to redeem the Term Notes of any Series for a period of 15 calendar days before the date fixed for redemption, or (b) exchange
or register the transfer of any Term Notes of a Series that were selected, called, or are being called for redemption, except the unredeemed portion of Term Notes of that Series, if being redeemed in part. 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this 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 not this Note be overdue, and neither the Company, the Trustee,
nor any such agent shall be affected by notice to the contrary, except as required by applicable law. 
 SECTION
16.    Events of Default. If an Event of Default (defined in the Indenture as (i) the Company’s failure to pay principal of (or premium, if any, on) a Series of Term Notes when due and continuance of such default
for three Business Days, (ii) the Company’s failure to pay interest on a Series of Term Notes within 30 days after the same becomes due, (iii) the Company’s breach of its other covenants or agreements contained in this Note or in
the Indenture, which breach is not cured within 90 days after written notice by the Trustee or by the holders of at least 25% in aggregate principal amount of the Term Notes of all Series then outstanding under the Indenture and affected thereby,
and (iv) certain events involving the bankruptcy, insolvency or liquidation of the Company) shall occur with respect to a Series of Term Notes, the principal of all Term Notes affected thereby may be declared due and payable in the manner and
with the effect provided in the Indenture. 
 SECTION 17.    Defeasance. Unless otherwise specified in the
applicable Pricing Supplement, the provisions of Sections 8.04 and 8.05 of the Indenture shall not apply to the relevant Series of Term Notes. 

SECTION 18.    Currency for Amounts Payable. Unless otherwise provided herein or in the applicable Pricing
Supplement, the principal, premium, if any, interest and any other amounts payable on a Series of Term Notes are payable in U.S. dollars. 

SECTION 19.    Miscellaneous. No recourse shall be had for the payment of principal of (and premium, if any) or
interest on, a Series of Term Notes for any claim based hereon, or otherwise in respect hereof, against any shareholder, employee, agent, officer or director, as such, past, present or future, of the Company or of any successor organization, either
directly or through the Company or any successor organization, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as
part of the consideration for the issue hereof, expressly waived and released. 
 SECTION 20.    Defined Terms.
All terms used in this Note which are defined in the Indenture or the Prospectus and are not otherwise defined in this Note shall have the meanings assigned to them in the Indenture or the Prospectus, as applicable. 

  
 Page 16 of 19 

 Unless specified otherwise in the applicable Pricing Supplement, “Business Day” means a
day that meets all the following requirements: 
 (a)    for all Series of Term Notes, is any weekday that is not a
legal holiday in New York City or Fort Worth, Texas, or any other place of payment of the applicable Note, and is not a date on which banking institutions in those cities are authorized or required by law or regulation to be closed; and 

(b)    for any Series of Term Notes where the base rate is LIBOR, also is a day on which commercial banks are open for
business (including dealings in the Index Currency specified in the Pricing Supplement) in London, England. 
 SECTION
21.    GOVERNING LAW. THIS NOTE, THE GUARANTEE AND THE INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, NOTWITHSTANDING ANY OTHERWISE APPLICABLE CONFLICTS OF LAWS
PROVISIONS AND ALL APPLICABLE UNITED STATES FEDERAL LAWS AND REGULATIONS. 
 [Remainder of page intentionally left blank.] 

  
 Page 17 of 19 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

					
	TEN COM	  	—	  	as tenants in common
	TEN ENT	  	—	  	as tenants by the entireties
	JT TEN	  	—	  	as joint tenants with right of survivorship and not as tenants in common

 UNIF GIFT MIN ACT —
                             as Custodian for
                                        

 (Cust)
                                        (Minor)

 Under Uniform Gifts to Minors Act 
  

 
 (State) 

Additional abbreviations may also be used though not in the above list. 

 
  

FOR VALUE RECEIVED, the undersigned hereby 

sell(s), assign(s) and transfer(s) unto 
 PLEASE
INSERT SOCIAL SECURITY OR OTHER 
 IDENTIFYING NUMBER OF ASSIGNEE 
  

			
	            /            	 	          

		 	Please print or type name and address, including zip code of assignee

  

	
	  

	the within Note of GENERAL MOTORS FINANCIAL COMPANY, INC. and all rights thereunder and does hereby irrevocably constitute and appoint

  

	
	  

	Attorney

 to transfer the said Note on the books of the within-named Company, with full power of substitution in the premises 

Dated:                  

 

			
	SIGNATURE GUARANTEED:	 	  

		 	NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of this Note

  
 Page 18 of 19 

 OPTION TO ELECT REPAYMENT 

The undersigned hereby irrevocably request(s) and instruct(s) the Company to repay a Series of Term Notes (or portion thereof specified
below), CUSIP No.                      pursuant to its terms at a price equal to the principal amount of that Series together with interest to the
repayment date, to the undersigned, at
                                         (Please
print or typewrite name and address of the undersigned). 
 For that Series of Term Notes to be repaid, the Trustee (or the Paying Agent on
behalf of the Trustee) must receive at
                                        , or at
such other place or places of which the Company shall from time to time notify the holder of Term Notes, not more than 60 nor less than 30 days prior to a Repayment Date, if any, set forth in the Pricing Supplement for such Series of Term Notes,
this “Option to Elect Repayment” form duly completed. 
 If less than the entire principal amount of the Series of Term Notes is
to be repaid, specify the portion thereof (which shall be in increments of the Minimum Denomination) which the holder elects to have repaid and specify the denomination or denominations (which shall be $     or an integral
multiple of the Minimum Denomination in excess of $                    ) of the Series of Term Notes to be issued to the holder for the portion not
being repaid. 
  

					
	$                                      
  	 		 	  

	DATE                               	 		 	 NOTICE: The signature on this Option to Elect

Repayment must correspond with the name as written upon the face of this Note in every particular, without alteration or enlargement or any change
whatever.

  
 Page 19 of 19 

 Schedule 1 

 

																																													
	 Pricing
Supplement
No.
	  	Initial Principal
Amount of
Supplemental
Obligation	 	  	Original
Issue
Date	 	  	Fixed,
Floating
or
Indexed
Note	 	  	Base Rate or Index
Reference	 	  	Amortizing/
Original Issue
Discount Note	 	  	Increase
(Decrease)
in Principal
Amount	 	  	Transfer/
Redemption/
Repayment	 	  	Date of
Increase
(Decrease) or
Transfer/
Redemption/
Repayment	 	  	Trustee
Notation	 	  	Survivor’s
Option	 	  	Guarantor	 
		  				  				  				  				  				  				  				  				  				  				  			
		  				  				  				  				  				  				  				  				  				  				  			
		  				  				  				  				  				  				  				  				  				  				  			
		  				  				  				  				  				  				  				  				  				  				  			
		  				  				  				  				  				  				  				  				  				  				  			

  
 Schedule 1 

 ANNEX I 

SUBSIDIARY GUARANTEE 
 The
Guarantor hereby unconditionally guarantees to each Holder of Term Notes authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of the Indenture, the Term Notes
or the obligations of the Company to the Holders of the Term Notes or the Trustee under the Term Notes or under the Indenture, that: (a) the principal of, and premium and interest on the Term Notes shall be promptly paid in full when due,
whether at maturity, by acceleration, redemption, repurchase or otherwise, and interest on overdue principal of interest on any Term Note, if any, if lawful and all other obligations of the Company to the Holders of the Term Notes or the Trustee
under the Indenture or under the Term Notes shall be promptly paid in full or performed, all in accordance with the terms thereof; and (b) in case of any extension of time of payment or renewal of any Term Notes or any of such other
obligations, the same will be promptly paid in full when due in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. Failing payment when due of any amount so guaranteed, for whatever
reason, the Guarantor will obligated to pay the same immediately. 
 The obligations of the Guarantor to the Holders of Term Notes and to
the Trustee pursuant to this Subsidiary Guarantee and the Indenture are expressly set forth in Article 10 of the Indenture, and reference is hereby made to such Indenture for the precise terms of this Subsidiary Guarantee. The terms of Article 10 of
the Indenture are incorporated herein by reference. 
 No director, officer, employee, incorporator or stockholder, as such, past, present
or future, of the Guarantor shall have any personal liability under this Subsidiary Guarantee by reason of its status as such director, officer, employee, incorporator or stockholder. 

This is a continuing Subsidiary Guarantee and shall remain in full force and effect and shall be binding upon the Guarantor and its respective
successors and assigns to the extent set forth in the Indenture until full and final payment of all of the Company’s obligations under the Term Notes and the Indenture and shall inure to the benefit of the successors and assigns of the Trustee
and the Holders of Term Notes and, in the event of any transfer or assignment of rights by any Holder of Term Notes or the Trustee, the rights and privileges herein conferred upon that party shall automatically extend to and be vested in such
transferee or assignee, all subject to the terms and conditions hereof. 
 In certain circumstances more fully described in the Indenture,
any Guarantor may be released from its liability under this Subsidiary Guarantee, and any such release will be effective whether or not noted hereon. 

This Subsidiary Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Term Note upon which
this Subsidiary Guarantee is noted shall have been executed by the Trustee under the Indenture by the manual signature of one of its authorized officers. 

For purposes hereof, the Guarantor’s liability will be that amount from time to time equal to the aggregate liability of the Guarantor
hereunder, but shall be limited to the lesser of (i) the aggregate amount of the obligations of the Company under the Term Notes and the Indenture and (ii) the amount, if any, which would not have (A) rendered the Guarantor
“insolvent” (as such term is defined in the federal Bankruptcy Law and in the debtor and creditor law of the State of New York) or (B) left it with unreasonably small capital at the time its Subsidiary Guarantee of the Term Notes was
entered into, after giving effect to the incurrence of existing Indebtedness immediately prior to such time; provided that, it shall be a presumption in any lawsuit or other proceeding in which the Guarantor is a party that the amount guaranteed
pursuant to its Subsidiary Guarantee is the amount set forth in clause (i) above unless any creditor, or representative of creditors of the Guarantor, or debtor in possession or trustee in bankruptcy of the Guarantor, otherwise proves in such a
lawsuit that the aggregate liability of the Guarantor is limited to the amount set forth in clause (ii). The Indenture provides that, in making any determination as to the solvency or sufficiency of capital of a Guarantor in accordance with the
previous sentence, the right of such Guarantor to contribution from any other Guarantors and any other rights such Guarantor may have, contractual or otherwise, shall be taken into account. 

THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUBSIDIARY GUARANTEE, THE INDENTURE AND THE TERM NOTES.

  
 Annex I 

 Capitalized terms used herein have the same meanings given in the Indenture unless otherwise
indicated. 
  

			
	AmeriCredit Financial Services, Inc.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Annex I 

 EXHIBIT B 

SURVIVOR’S OPTION RIDER TO THE NOTE 

If the Survivor’s Option is applicable to this Note, the Authorized Representative (defined below) of a deceased beneficial owner of the
Note shall have the option to elect repayment or repurchase of such Note within one year of the death of the beneficial owner (a “Survivor’s Option”). Unless specifically provided on the face of this Note, the Survivor’s Option
may not be exercised unless the Note was acquired by the beneficial owner or the estate of the beneficial owner at least six months prior to such election. 

If the Survivor’s Option is applicable to this Note, upon the valid exercise of the Survivor’s Option, the Issuer shall repay, the
Note (or portion thereof), properly tendered for repayment by or on behalf of the person (the “Authorized Representative”) that has authority to act on behalf of the deceased beneficial owner of a Note under the laws of the appropriate
jurisdiction (including, without limitation, the personal Authorized Representative or executor of the deceased beneficial owner or the surviving joint owner of the deceased beneficial owner) at a price equal to 100% of the principal amount of the
deceased beneficial owner’s beneficial interest in such Note plus accrued interest to the date of such repayment or repurchase, subject to the following limitations: 

(a)    The Issuer may, in its sole discretion, limit the aggregate principal amount of Notes as to which
exercises of the Survivor’s Option shall be accepted from all deceased beneficial owners in any calendar year (the “Annual Put Limitation”) to an amount equal to the greater of $2,000,000 or 2% of the outstanding principal amount of
all Notes as of the end of the most recent calendar year, or such greater amount as the Issuer in its sole discretion may determine for any calendar year, and may limit to $250,000 in any calendar year, or such greater amount as the Issuer in its
sole discretion may determine for any calendar year, the aggregate principal amount of Notes as to which exercises of the Survivor’s Option shall be accepted in such calendar year for any individual deceased beneficial owner (the
“Individual Put Limitation”). 
 (b)    The Issuer shall not make principal repayments pursuant
to exercise of the Survivor’s Option in amounts that are less than $1,000, and, in the event that the limitations described in the preceding sentence would result in the partial repayment of any Note, the principal amount of such Note remaining
outstanding after repayment must be at least $1,000 (the minimum authorized denomination of the Notes). 

(c)    Any Note (or portion thereof) tendered pursuant to a valid exercise of the Survivor’s Option
may not be withdrawn. 
 Each Note (or portion thereof) that is tendered pursuant to valid exercise of the Survivor’s Option shall be
accepted in the order that tenders of all such Notes are received by the Trustee, except for any Note (or portion thereof) the acceptance of which would contravene (i) the Annual Put Limitation, if applied, or (ii) the Individual Put
Limitation, if applied, with respect to the relevant individual deceased beneficial owner. If, as of the end of any calendar year, the aggregate principal amount of Notes (or portions thereof) that have been tendered pursuant to the valid exercise
of the Survivor’s Option during such year has exceeded either the Annual Put Limitation, if applied, or the Individual Put Limitation, if applied, for such year, any exercise(s) of the Survivor’s Option with respect to Notes (or portions
thereof) not accepted during such calendar year because such acceptance would have contravened either such limitation, if applied, shall be deemed to be tendered in the following calendar year in the order all such Notes (or portions thereof) were
originally tendered. Any Note (or portion thereof) accepted for repayment or repurchase pursuant to exercise of the Survivor’s Option shall be repaid or repurchased on the first Interest Payment Date that occurs 20 or more calendar days after
the date of such acceptance. In the event that a Note (or any portion thereof) tendered for repayment or repurchase pursuant to valid exercise of the Survivor’s Option is not accepted, the Trustee shall deliver a notice by first-class mail to
the Authorized Representative, that states the reason such Note (or portion thereof) has not been accepted for payment. 
 In order for a
Survivor’s Option to be validly exercised with respect to any Note (or portion thereof), the Trustee must receive from the Authorized Representative (i) a written request, substantially in the form attached hereto as Exhibit A or such
other form acceptable to the Trustee, for repayment or repurchase within one year of the date of death of the deceased beneficial owner signed by the Authorized Representative, and such signature must be

 
guaranteed by a member firm of a registered national securities exchange or of Financial Industry Regulatory Authority, Inc. (“FINRA”) or a commercial bank or trust company having an
office or correspondent in the United States, (ii) tender of a Note (or portion thereof) to be repaid or repurchased, (iii) appropriate evidence satisfactory to the Trustee and the Issuer that (A) the deceased was the beneficial owner
of such Note at the time of death and the interest in such Note was acquired by the deceased beneficial owner at least six months prior to the request for repayment or repurchase, (B) the death of such beneficial owner has occurred, and the
date of such death, and (C) the Authorized Representative has authority to act on behalf of the deceased beneficial owner, (iv) if applicable, a properly executed assignment or endorsement, (v) if the interest in such Note is held by
a nominee of the deceased beneficial owner, a certificate or letter satisfactory to the Trustee and the Issuer from such nominee attesting to the deceased’s beneficial ownership in such Note, (vi) tax waivers and such other instruments or
documents that the Trustee and the Issuer reasonably require in order to establish the validity of the beneficial ownership of the Notes and the claimant’s entitlement to payment, and (vii) any additional information the Trustee or the
Issuer requires to evidence satisfaction of any conditions to the exercise of such Survivor’s Option or to document beneficial ownership or authority to make the election and to cause the repayment or repurchase of such Note. Subject to the
Issuer’s right hereunder to limit the aggregate principal amount of Notes as to which exercises of the Survivor’s Option shall be accepted in any one calendar year, all questions as to the eligibility or validity of any exercise of the
Survivor’s Option will be determined by the Issuer, in its sole discretion, which determination shall be final and binding on all parties. 

The death of a person holding a beneficial interest in a Note as a joint tenant or tenant by the entirety with another person, or as a tenant
in common with the deceased holder’s spouse, will be deemed the death of the beneficial owner of the Note, and the entire principal amount of the Note so held shall be subject to repayment or repurchase. However, the death of a person holding a
beneficial interest in a note as tenant in common with a person other than such deceased holder’s spouse will be deemed the death of a beneficial owner only with respect to the deceased person’s interest in the Note. The death of a person
who, during his or her lifetime, was entitled to substantially all of the beneficial interests of ownership of a Note will be deemed the death of the beneficial owner of such Note for purposes of this provision, regardless of the registered holder
of the Note, if such beneficial interest can be established to the satisfaction of the Trustee and the Issuer. Such beneficial interest will be deemed to exist in typical cases of nominee ownership, ownership under the Uniform Transfers to Minors
Act or Uniform Gifts to Minors Act, community property or other joint ownership arrangements between a husband and wife. In addition, the beneficial interest will be deemed to exist in custodial and trust arrangements where one person has all of the
beneficial ownership interest in the Note during his or her lifetime. 
 For Notes represented by a Global Note, the Depositary or its
nominee shall be the holder of such Note and therefore shall be the only entity that can exercise the Survivor’s Option for such Note. To obtain repayment or repurchase pursuant to exercise of the Survivor’s Option with respect to such
Note, the Authorized Representative must provide to the broker or other entity through which the beneficial interest in such Note is held by the deceased beneficial owner (i) the documents described in clauses (i), (iii), (iv), (vi) and
(vii) of the second preceding paragraph and (ii) instructions to such broker or other entity to notify the Depositary of such Authorized Representative’s desire to obtain repayment or repurchase pursuant to exercise of the
Survivor’s Option. Such broker or other entity shall provide to the Trustee (i) the documents received from the Authorized Representative referred to in clause (i) of the preceding sentence and (ii) a certificate satisfactory to
the Trustee and the Issuer from such broker or other entity stating that it represents the deceased beneficial owner. Such broker or other entity shall be responsible for disbursing any payments it receives pursuant to exercise of the
Survivor’s Option to the appropriate Authorized Representative. 

 EXHIBIT C 

EARLY WITHDRAWAL ELECTION FORM 

GM Financial Term Notes 
 Defined Terms

 “Beneficial Owner(s)” means the person or entity listed on line (1) of this Form. 

“Holder” means the street name holder of the Deposits (e.g., broker or custodian, as applicable). 

“Deposits” means the GM Financial Term Notes Program Deposits to be repaid. 

“Early Repayment Agent” means U.S. Bank National Association. 

“Form” means this GM Financial Term Notes Program Election Form. 

“Representative” means, in connection with an early withdrawal, the executor, other survivor representative, guardian or power of attorney of
the deceased or adjudicated incompetent Beneficial Owner(s). 
 To exercise the EARLY WITHDRAWAL OPTION due to death or adjudication of incompetence of
the Beneficial Owner(s), please complete the following in accordance with the Instructions below: 
  

			
	(1)(a)	 	  

		
		 	Name of Beneficial Owner(s) of the Deposits Deceased or Adjudicated Incompetent

			
		
	(1)(b)	 	  

		
		 	Social Security Number of Beneficial Owner(s) of the Deposits Deceased or Adjudicated Incompetent

			
		
	(2)	 	  

		
		 	Name of Representative

			
		
	(3)	 	  

		
		 	CUSIP Number of the Deposits

			
		
	(4)	 	  

		
		 	Principal Amount of Deposits to be Withdrawn
		
		 	(MUST BE 100% OF DEPOSITS HELD)
		
	(5)	 	  

		
		 	Date of Death or Adjudication of Incompetence
		
	(6)	 	  

		
		 	Signature of Representative Requesting Early Withdrawal and Date Signed

  

					
	(7)	 	 Information on Representative
  

Name:
  

Phone Number:
 Fax Number:

 
 E-Mail Address:
  

Mailing Address (no P.O.Boxes):
	  	 (8)    Wire instructions for payment

 
 Bank Name:
  

ABA Number:
  

Account Name:
  

Account Number:
  

Reference (optional):

			
	(9)	 	 Information on Holder
  

Name:
  

DTC Participant Name:
  

DTC Participant Number:
  

DTC Contact Name:
  

DTC Contact Phone Number:
	  	

  

					
		 	  

        (Apply Medallion Signature Guarantee Stamp Here)      
  
  
  
  
	 	

 The amount payable by General Motors Financial Company, Inc. on any Deposit upon Early
Withdrawal will be equal to 100% of the principal amount of the withdrawn Deposit only. 
 INSTRUCTIONS FOR COMPLETING 

GM Financial Term Notes 

EARLY WITHDRAWAL ELECTION FORM 
 EARLY
WITHDRAWAL OPTION due to death or adjudication of incompetence of the Beneficial Owner(s): 
  

	 	1.	Indicate the name of the Beneficial Owner(s) on line (1). 

  

	 	2.	Indicate name of the Representative on line (2). 

  

	 	3.	Indicate the CUSIP number of the Deposits on line (3). 

  

	 	4.	Indicate the total principal amount of Deposits held by the Beneficial Owner(s) on line (4). All of the Deposits held by a Beneficial Owner(s) must be withdrawn if any are to be withdrawn. 

 

	 	5.	Indicate the date of death or adjudication of incompetence of the Beneficial Owner(s) on line (5). 

  

	 	6.	Representative to sign and date the Form on line (6). THE SIGNATURE MUST BE MEDALLION SIGNATURE GUARANTEED. 

  

	 	7.	Indicate the name, phone and fax number, e-mail and mailing address of the Representative on line (8). 

	 	8.	Indicate the wire instruction for payment on line (8). 

  

	 	9.	For Deposits held through a brokerage account, indicate the name, DTC Participant number, phone and fax number, e-mail and mailing address of the Holder on line (9). 

Collect and retain for a period of at least three years, records to the satisfaction of the Early Repayment Agent evidencing (1) the
authority of the Representative, (2) death or adjudication of incompetence of the Beneficial Owner(s), (3) that the Beneficial Owner(s) beneficially owned the Deposits being submitted for early withdrawal (a) at the time of his or her
death or adjudication of incompetence and (b) for at least six months immediately prior to such time (or, in the case of Deposits with an initial issuance date less than three years prior to such time, since the initial issuance of the
Deposit), and (4) any necessary tax waivers. The documentation requirements may vary depending on the particular circumstances. Please contact the Early Repayment Agent for more information. 

In general, for purposes of determining whether General Motors Financial Company, Inc. will deem Deposits beneficially owned by
an individual at the time of death or adjudication of incompetence and for the required period prior to such time, the following rules shall apply: 

Joint Tenants. Deposits beneficially owned by tenants by the entirety or joint tenants will be regarded as beneficially owned by a
single owner. Only the death or adjudication of incompetence of all tenants by the entirety or all joint tenants will be deemed the death or adjudication of incompetence of the Beneficial Owner, and the Deposits beneficially owned will become
eligible for Early Withdrawal only upon the death or adjudication of incompetence of all such tenants. 
 Tenants in common. The death
or adjudication of incompetence of a person beneficially owning a Deposit by tenancy in common will be deemed the death or adjudication of incompetence of a holder of a Deposit only with respect to the deceased/incompetent holder’s interest in
the Deposit so held by tenancy in common. 
 Trusts. The death or adjudication of incompetence of a sole beneficiary of a trust will
be deemed the death or adjudication of incompetence of the Beneficial Owner of the Deposits beneficially owned by the trust. Only the death or adjudication of incompetence of all tenants by the entirety or all joint tenants in a tenancy which is the
beneficiary of a trust will be deemed the death or adjudication of incompetence of the beneficiary of the trust. The death or adjudication of incompetence of an individual who was a tenant in common in a tenancy which is the beneficiary of a trust
will be deemed the death or adjudication of incompetence of the beneficiary of the trust only with respect to the deceased/incompetent holder’s beneficial interest in the Deposit. 

Other Beneficial Interests. The death or adjudication of incompetence of a person who, during his or her lifetime, was entitled to
substantially all of the beneficial interest in a Deposit will be deemed the death or adjudication of incompetence of the Beneficial 

 
Owner of that Deposit, regardless of the registration of ownership, if such beneficial interest can be established to the satisfaction of General Motors Financial Company, Inc.’s Early
Repayment Agent. Such beneficial interest will exist in many cases of street name or nominee ownership, ownership by a trustee, ownership under the Uniform Gift to Minors Act and community property or other joint ownership arrangements between
spouses. Beneficial interest will be evidenced by such factors as the power to sell or otherwise dispose of a Deposit, the right to receive the proceeds of sale or disposition and the right to receive interest and principal payments on a Deposit.

 For all Deposits held through a brokerage account, the Holder (e.g., broker or custodian, as applicable) is to submit the completed
original copy of this Form and all supporting documentation via mail or otherwise to General Motors Financial Company, Inc.’s Early Repayment Agent at: 

U.S. Bank National Association 

Attn: Survivor Options 
 111
Fillmore Avenue 
 St. Paul, MN 55107-1402 

FACSIMILE TRANSMISSIONS OF THIS FORM WILL NOT BE ACCEPTED. 

If you do not receive confirmation of General Motors Financial Company, Inc.’s Early Repayment Agent receipt of this Form within 10
business days of the date you sent the Form, contact General Motors Financial Company, Inc.’s Early Repayment Agent. 
 For assistance with
completing this Form or any questions relating thereto, please contact the Early Repayment Agent by email at cts.survivor.options@usbank.com or call 800-934-6802.EX-4.1

 Exhibit 4.1 

[Form of Note] 
 (FACE
OF NOTE) 
 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 OF A DEPOSITORY. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM IN ACCORDANCE WITH THE PROVISIONS OF THE INDENTURE AND THE TERMS OF THE SECURITIES, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH
SUCCESSOR DEPOSITORY. 
 AT&T INC. 

3.550% Global Notes due 2037 
  

			
	No. I-[●]	  	ISIN NO. [●]

 £1,000,000,000 

AT&T Inc., a corporation duly organized and existing under the laws of the State of Delaware (herein called “AT&T”, which
term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to The Bank of New York Depository (Nominee) Limited (the “Depository”), or registered assigns, the principal sum
of pound sterling appearing on the attached Schedule of Increases and Decreases on September 14, 2037 (the “Maturity Date”), and to pay interest on said principal sum from June 21, 2017 or from the most recent Interest Payment
Date to which interest has been paid or duly provided for, annually in arrears on September 14 of each year, commencing on September 14, 2017 (each an “Interest Payment Date”) and on the Maturity Date, at the interest rate of
3.550% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose
name this Note (or one or more predecessor Notes) is registered at the close of business on the Regular Record Date for such interest, which shall be the close of business on the business day preceding the Interest Payment Date (each, a
“Regular Record Date”). Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note (or one or more
predecessor Notes) is registered at the close of business on a special record date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Notes not less than 15 days prior to such special
record date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided
in said Indenture. 

 Any money that AT&T deposits with the Trustee or its Paying Agent for the payment of
principal or any interest on this Note that remains unclaimed for two years after the date upon which the principal and interest are due and payable, will be repaid to AT&T upon AT&T’s request unless otherwise required by mandatory
provisions of any applicable unclaimed property law. After that time, unless otherwise required by mandatory provisions of any unclaimed property law, the Holder of this Note will be able to seek any payment to which such Holder may be entitled to
collect only from AT&T. 
 If the Notes are issued in definitive form, payment of the principal and interest on this Note due at the
Maturity Date or upon redemption will be made at the Maturity Date or upon redemption, as the case may be, upon presentation of this Note, in immediately available funds, at the office of The Bank of New York Mellon, London Branch, the Paying Agent
for the Notes, currently located at One Canada Square, London E14 5AL. The Transfer Agent and Registrar for the Notes is The Bank of New York Mellon Trust Company, N.A., currently located at 601 Travis Street, 16th Floor, Houston, Texas 77002. 
 Payment of interest on this Note due on an Interest
Payment Date, other than interest at maturity or upon redemption, may be paid by check mailed to the address of the Holder entitled thereto as such address shall appear in the Note register. Notwithstanding the foregoing, (1) the Depository as
Holder of the Notes or (2) a Holder of more than £5,000,000 in aggregate principal amount of Notes in definitive form is entitled to require the Paying Agent to make payments of interest, other than interest due at maturity or upon
redemption, by wire transfer of immediately available funds into an account maintained by the Holder in the United States, by sending appropriate wire transfer instructions as long as the Paying Agent receives the instructions not less than ten days
prior to the applicable Interest Payment Date. The principal and interest payable in pound sterling on any of the Notes at maturity, or upon redemption, will be paid by wire transfer of immediately available funds against presentation of a Note at
the office of the Paying Agent. 
 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 executed by the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 2 

 IN WITNESS WHEREOF, AT&T INC. has caused this instrument to be signed in its corporate name,
manually or by facsimile, by its duly authorized officers and has caused its corporate seal to be imprinted hereon. 
  

							
	Dated: June 21, 2017	 		 	AT&T INC.
				
	[SEAL]	 		 	By:	 	  

		 		 		 	 John J. Stephens
 Senior Executive Vice
President and Chief Financial Officer

				
		 		 	By:	 	  

		 		 		 	 George B. Goeke
 Senior Vice President and
Treasurer

 Trustee’s Certificate of Authentication 

This is one of the 3.550% Global Notes due 2037 
 of the series
designated herein referred to 
 in the within-mentioned Indenture. 
  

							
	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

as Trustee

				
	By:	 	  
	 		 	Dated: June 21, 2017
		 	Authorized Signatory	 		 	

 REVERSE OF NOTE 

This Note is one of a duly authorized issue of debt securities of AT&T of the series specified on the face hereof, issued under and
pursuant to an Indenture, dated as of May 15, 2013, between AT&T and The Bank of New York Mellon Trust Company, N.A., as Trustee (the “Trustee,” which term includes any successor Trustee under the Indenture), to which
indenture and all indentures supplemental thereto (collectively, the “Indenture”) reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, AT&T and
the Holders of the Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. The Notes will be issued in fully registered form only and in minimum denominations of £100,000 and integral multiples of
£1,000 in excess thereof. This Note is one of the series designated on the face hereof initially limited in aggregate principal amount to £1,000,000,000. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of AT&T and the rights of the Holders of the Notes under the Indenture at any time by AT&T and the Trustee with the consent of the Holders of a majority in principal amount of the Notes at the time outstanding. The Indenture also contains
provisions permitting the Holders of specified percentages in principal amount of the Notes at the time outstanding to waive compliance by AT&T with certain provisions of the Indenture and certain past defaults under the Indenture and their
consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or
in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. 
 No reference herein to the Indenture and no
provision of this Note or of the Indenture shall alter or impair the obligation of AT&T, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and in the coin or currency, herein
prescribed. 
 Principal and interest payments in respect of the Notes are payable by AT&T in pound sterling. Interest will be computed
on the basis of the actual number of days in the period for which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the Notes (or June 21, 2017 if no interest has been paid
on the Notes), to but excluding the next scheduled interest payment date. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association. 

Registrar and Paying Agent 

The Paying Agent for the Notes is The Bank of New York Mellon, London Branch currently located at One Canada Square, London E14 5AL
(“Paying Agent”). In addition, AT&T shall maintain in the Borough of Manhattan, The City of New York, an office or agency 

 
where Notes may be surrendered for registration of transfer or exchange (“Registrar”). AT&T has initially appointed an affiliate of the Trustee, The Bank of New York Mellon, London
Branch, as its Paying Agent. AT&T may vary or terminate the appointment of any of its paying or transfer agencies, and may appoint additional paying or transfer agencies. 

Special Mandatory Redemption 

On October 22, 2016, AT&T entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Time Warner Inc.
(“Time Warner”). Time Warner will become a wholly-owned subsidiary of AT&T subject to the satisfaction or waiver of the conditions to closing contained in the Merger Agreement. If the Time Warner acquisition is not consummated on or
prior to April 22, 2018, or, if prior to such date, the Merger Agreement for such acquisition is terminated (each, a “Special Mandatory Redemption Event”), the Notes will be redeemed in the manner set forth below. 

Upon the occurrence of a Special Mandatory Redemption Event, the Notes will be redeemed in whole at a special mandatory redemption price (the
“Special Mandatory Redemption Price”) equal to 101% of the aggregate principal amount of the Notes, plus accrued but unpaid interest on the principal amount of the Notes to, but not including, the Special Mandatory Redemption Date. 

Upon the occurrence of a Special Mandatory Redemption Event, AT&T will promptly (but in no event later than 5 business days following such
Special Mandatory Redemption Event) notify the Trustee in writing of such event, and will, no later than 5 business days following such notice to the Trustee, mail a notice of redemption to the registered address of each Holder of the Notes (such
date of notification to the Holders, the “Redemption Notice Date”), that the Notes will be redeemed on the 30th day following the Redemption Notice Date (such date, the “Special Mandatory Redemption Date”), in each case in
accordance with the applicable provisions of the Indenture. AT&T will notify each Holder in accordance with the applicable provisions of the Indenture that all of the outstanding Notes will be redeemed at the Special Mandatory Redemption Price
on the Special Mandatory Redemption Date automatically and without any further action by the holders of the Notes. At or prior to 12:00 p.m. (New York City time) on the business day immediately preceding the Special Mandatory Redemption Date,
AT&T shall deposit with the Trustee funds sufficient to pay the Special Mandatory Redemption Price for the Notes. If such deposit is made as provided above, all of the Notes to be redeemed will cease to bear interest on and after the Special
Mandatory Redemption Date. 
 Optional Redemption by AT&T 

At any time prior to June 14, 2037, the Notes will be redeemable, as a whole or in part, at AT&T’s option, at any time and from
time to time, on at least 30 days’, but not more than 60 days’, prior notice sent to the registered address of each Holder of the Notes to be redeemed. The redemption price will be equal to the greater of (1) 100% of the principal
amount of the Notes to be redeemed or (2) the sum of the present values of the Remaining Scheduled Payments 

  
 2 

 
discounted to the redemption date, on an annual basis (ACTUAL/ACTUAL (ICMA)), at a rate equal to the Treasury Rate and 30 basis points. In either case, accrued interest will be payable to
the redemption date. At any time on or after June 14, 2037, the Notes will be redeemable at AT&T’s option in whole or from time to time in part, on at least 30 days’, but not more than 60 days’, prior notice sent to
the registered address of each Holder of the Notes at a redemption price equal to 100% of the principal amount of the Notes to be redeemed. Accrued interest will be payable to the redemption date. AT&T will calculate the redemption price in
connection with any redemption hereunder. 
 “Treasury Rate” means the price, expressed as a percentage, at which the gross
redemption yield on the Notes, if they were to be purchased at such price on the third dealing day prior to the date fixed for redemption, would be equal to the gross redemption yield on such dealing day of the Reference Bond on the basis of the
middle market price of the Reference Bond prevailing at 11:00 a.m. (London time) on such dealing day as determined by AT&T or an investment bank appointed by AT&T. 

“Reference Bond” means, in relation to any Treasury Rate calculation, a United Kingdom government bond whose maturity is closest to
the maturity of the Notes, or if AT&T or an investment bank appointed by AT&T considers that such similar bond is not in issue, such other United Kingdom government bond as AT&T or an investment bank appointed by AT&T, with the
advice of three brokers of, and/or market makers in, United Kingdom government bonds selected by AT&T or an investment bank appointed by AT&T, determine to be appropriate for determining the Treasury Rate. 

“Remaining Scheduled Payments” means, with respect to each Note to be redeemed, the remaining scheduled payments of principal and
interest on the Note that would be due after the related redemption date but for the redemption. If that redemption date is not an Interest Payment Date with respect to a Note, the amount of the next succeeding scheduled interest payment on the Note
will be reduced by the amount of interest accrued on the Note to the redemption date. 
 On and after the redemption date, interest will
cease to accrue on the Notes or any portion of the Notes called for redemption, unless AT&T defaults in the payment of the redemption price and accrued interest. On or before the redemption date, AT&T will deposit with its Paying Agent or
the Trustee money sufficient to pay the redemption price of and accrued interest on the Notes to be redeemed on that date. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by the Trustee by lot or pursuant
to applicable depositary procedures. 
 Payment of Additional Amounts 

AT&T will, subject to the exceptions and limitations set forth below, pay as additional interest on this Note such additional amounts
(“Additional Amounts”) as are necessary so that the net payment by AT&T or its Paying Agent of the principal of and interest on this Note to a 

  
 3 

 
person that is a United States Alien, after deduction for any present or future tax, assessment or governmental charge of the United States or a political subdivision or taxing authority thereof
or therein, imposed by withholding with respect to the payment, will not be less than the amount that would have been payable in respect of this Note had no withholding or deduction been required. As used herein, “United States Alien”
means any person who, for United States federal income tax purposes, is a foreign corporation, a non-resident alien individual, a non-resident alien fiduciary of a
foreign estate or trust, or a foreign partnership one or more of the members of which is, for United States federal income tax purposes, a foreign corporation, a non-resident alien individual or a non-resident alien fiduciary of a foreign estate or trust. 
 The foregoing obligation to pay Additional
Amounts shall not apply: 
 (1) to any tax, assessment or governmental charge that is imposed or withheld solely because the beneficial
owner, or a fiduciary, settlor, beneficiary or member of the beneficial owner if the beneficial owner is an estate, trust or partnership, or a person holding a power over an estate or trust administered by a fiduciary holder: 

(a) is or was present or engaged in a trade or business in the United States, has or had a permanent establishment in the
United States, or has any other present or former connection with the United States or any political subdivision or taxing authority thereof or therein; 

(b) is or was a citizen or resident or is or was treated as a resident of the United States; 

(c) is or was a foreign or domestic personal holding company, a passive foreign investment company or a controlled foreign
corporation with respect to the United States or is or was a corporation that has accumulated earnings to avoid United States federal income tax; 

(d) is or was a bank receiving interest described in Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as
amended (the “Code”); or 
 (e) is or was an actual or constructive owner of 10% or more of the total combined
voting power of all classes of stock of AT&T entitled to vote; 
 (2) to any Holder that is not the sole beneficial owner of the
Notes, or a portion thereof, or that is a fiduciary or partnership, but only to the extent that the beneficial owner, a beneficiary or settlor with respect to the fiduciary, or a member of the partnership would not have been entitled to the payment
of an Additional Amount had such beneficial owner, beneficiary, settlor or member received directly its beneficial or distributive share of the payment; 

(3) to any tax, assessment or governmental charge that is imposed or withheld solely because the beneficial owner or any other person
failed to comply with certification, identification or information reporting requirements concerning the nationality, residence, identity or connection with the United States of the Holder or beneficial owner of the Notes, if compliance is required
by statute, by regulation of the United States Treasury Department or by an applicable income tax treaty to which the United States is a party as a precondition to exemption from such tax, assessment or other governmental charge; 

  
 4 

 (4) to any tax, assessment or governmental charge that is imposed other than by deduction or
withholding by AT&T or a Paying Agent from the payment; 
 (5) to any tax, assessment or governmental charge that is imposed or
withheld solely because of a change in law, regulation, or administrative or judicial interpretation that is announced or becomes effective after the day on which the payment becomes due or is duly provided for, whichever occurs later; 

(6) to an estate, inheritance, gift, sales, excise, transfer, wealth or personal property tax or any similar tax, assessment or
governmental charge; 
 (7) to any tax, assessment or other governmental charge any paying agent (which term may include AT&T) must
withhold from any payment of principal of or interest on any Note, if such payment can be made without such withholding by any other paying agent; or 

(8) in the case of any combination of the above items. 

In addition, any amounts to be paid on this Note will be paid net of any deduction or withholding imposed or required pursuant to Sections
1471 through 1474 of the Code, any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code, or any fiscal or regulatory legislation, rules or practices adopted
pursuant to any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code, and no Additional Amounts will be required to be paid on account of any such deduction or withholding. 

The Notes are subject in all cases to any tax, fiscal or other law or regulation or administrative or judicial interpretation applicable.
Except as specifically provided under this section entitled “Payment of Additional Amounts” and under the heading “Redemption Upon a Tax Event”, AT&T shall not have to make any payment with respect to any tax, assessment or
governmental charge imposed by any government or a political subdivision or taxing authority. 
 Any reference in the terms of the Notes to
any amounts in respect of the Notes shall be deemed also to refer to any Additional Amounts which may be payable under this provision. 

Redemption Upon a Tax Event 

If (a) AT&T becomes or will become obligated to pay Additional Amounts as a result of any change in, or amendment to, the laws (or any
regulations or rulings promulgated thereunder) of the United States (or any political subdivision or taxing authority thereof or therein), or any change in, or amendments to, any official position regarding the application or interpretation of such
laws, regulations or rulings, which change or amendment is announced or becomes effective, on or after June 14, 2017 or (b) a taxing authority of the United States takes an action 

  
 5 

 
on or after June 14, 2017, whether or not with respect to AT&T or any of its affiliates, that results in a substantial probability that AT&T will or may be required to pay such
Additional Amounts, then AT&T may, at its option, redeem, as a whole, but not in part, the Notes on any Interest Payment Date on not less than 30 nor more than 60 calendar days’ prior notice, at a redemption price equal to 100% of their
principal amount, together with interest accrued thereon to the date fixed for redemption. No redemption pursuant to (b) above may be made unless AT&T shall have received an opinion of independent counsel to the effect that an act taken by
a taxing authority of the United States results in a substantial probability that AT&T will or may be required to pay the Additional Amounts and AT&T shall have delivered to the Trustee a certificate, signed by a duly authorized officer,
stating that based on such opinion, AT&T is entitled to redeem the Notes pursuant to their terms. 
 Further Issues 

AT&T reserves the right from time to time, without notice to or the consent of the Holders of the Notes, to create and issue further notes
ranking equally and ratably with the Notes in all respects, or in all respects except for the payment of interest accruing prior to the issue date or except for the first payment of interest following the issue date of those further notes. Any
further notes will have the same terms as to status, redemption or otherwise as, and will be fungible for United States federal income tax purposes with, the Notes. Any further notes shall be issued pursuant to a resolution of the board of directors
of AT&T, a supplement to the Indenture, or under an officers’ certificate pursuant to the Indenture. 
 Notes in Definitive Form

 If (1) an Event of Default has occurred with regard to the Notes represented by this Note and has not been cured or waived in
accordance with the Indenture, or (2) the Depository is at any time unwilling or unable to continue as depository and a successor depository is not appointed by AT&T within 90 days, AT&T may issue notes in definitive form in exchange
for this Note. In either instance, an owner of a beneficial interest in the Notes will be entitled to the physical delivery in definitive form in exchange for this Note, equal in principal amount to such beneficial interest and to have such Notes
registered in its name. 
 Notes so issued in definitive form will be issued as registered notes in minimum denominations of £100,000
and integral multiples of £1,000, unless otherwise specified by AT&T. 
 Notes so issued in definitive form may be transferred by
presentation for registration to the Registrar at its New York office and must be duly endorsed by the Holder or the Holder’s attorney duly authorized in writing, or accompanied by a written instrument or instruments of transfer in form
satisfactory to AT&T or the Trustee duly executed by the Holder or his attorney duly authorized in writing. 

  
 6 

 AT&T may require payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in connection with any exchange or registration of transfer of definitive Notes. 
 Default 

In case an Event of Default, as defined in the Indenture, shall have occurred and be continuing, the principal hereof may be declared, and upon
such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 

Miscellaneous 
 For
purposes of the Notes, the term “business day” means a business day in the City of New York or the City of London. 
 No director,
officer, employee or stockholder, as such, of AT&T shall have any liability for any obligations of AT&T under this Note, the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder
by accepting this Note waives and releases all such liability. The waiver and release are part of the consideration for the issue of this Note. 

The Notes are the unsecured and unsubordinated obligations of AT&T and will rank pari passu with all other evidences of
indebtedness issued in accordance with the Indenture. 
 Notices to holders of the Notes will be given only to the depositary, in accordance
with its applicable policies as in effect from time to time. 
 Prior to due presentment of this Note for registration of transfer,
AT&T, the Trustee and any agent of AT&T 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 be overdue, and neither AT&T, the Trustee nor any such agent
shall be affected by notice to the contrary. 
 All terms used in this Note which are defined in the Indenture shall have the meanings
assigned to them in the Indenture.  
 The Indenture and this Note shall be governed by and construed in accordance with the laws
of the State of New York. 

  
 7 

 
SCHEDULE OF INCREASES OR DECREASES 
 The initial principal amount of this Global Note
is £1,000,000,000. The following increases or decreases in this Global Note have been made: 
  

									
	 Date of

Exchange
	 	 Amount of

decrease in
 Principal

Amount of this

Global Note
	 	 Amount of

increase in
 Principal

Amount of this

Global Note
	 	 Principal amount

of this Global

Note following

such decrease or

increase
	 	 Signature of

authorized
 signatory of

Trustee or
 Securities

Custodian

		 		 		 		 	

  
 8

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