Document:

Election Form and Waiver Agreement

 Exhibit 10.1 
 

 
 ELECTION FORM AND WAIVER AGREEMENT 
 This Election Form and Waiver Agreement (“Agreement”) is made and entered into between Thomas P. Robbins (“Employee”) and Winn-Dixie
Stores, Inc., its officers, agents, employees, successors and assigns and any affiliated company, parent, or subsidiary, and their past and present directors, officers, employees, representatives, successors and assigns (“Winn-Dixie”) with
reference to the following facts: 
 R E C I T A L S 
 WHEREAS Employee’s employment with Winn-Dixie will cease effective August 22, 2007. This date will be referenced herein as Employee’s separation date and/or date of separation. 
 WHEREAS Employee acknowledges that in order to receive the consideration outlined herein, he/she must execute this Agreement and return it to
Winn-Dixie’s Legal Department, Attention: Larry Appel, Senior Vice President, General Counsel, and Corporate Secretary. 
 WHEREAS Employee acknowledges that the benefits he/she has elected to receive by executing and returning this Agreement are in excess of those he/she would have received from Winn-Dixie if he/she had not elected to execute and return
this Agreement. Employee further acknowledges that the benefits he/she will receive as a result of executing this Agreement are not something he/she would have been entitled absent execution of this Agreement. 
 WHEREAS Employee and Winn-Dixie seek to protect Winn-Dixie against unfair competition and its investment in its workforce. 
 WHEREAS Employee and Winn-Dixie, each desire to settle, fully and finally, all claims, known or otherwise, that Employee could have asserted based
on his/her employment relationship and the separation thereof. 
 THEREFORE, in consideration of the mutual promises set forth in this
Agreement, Employee and Winn-Dixie agree as follows: 
  

	 	1.	Winn-Dixie Agrees 

 In full consideration and
as material inducement for Employee’s signing of this Agreement, and agreeing to the releases and promises as provided for herein, Winn-Dixie agrees: 
  

	 	(a)	to pay Employee, in a lump sum payment, Five Hundred Sixty-Two Thousand Five Hundred Dollars and No Cents ($562,500.00) lump sum payment, less appropriate tax withholdings, which
represents eighteen (18) months of severance, within fourteen (14) days of the expiration of the revocation period as described in this Agreement; 

  

 Thomas P. Robbins             

 Winn-Dixie Stores, Inc.              

 Election Form and Waiver Agreement 
 Winn-Dixie Stores, Inc./Thomas P. Robbins 
 Page 2 

 

	 	(b)	to pay Employee Twenty-One Thousand Six Hundred Thirty-Four Dollars and Sixty-Two Cents ($21,634.62), lump sum payment, which represents three (3) weeks vacation, within
fourteen (14) days of the expiration of the revocation period as described in this Agreement; 

  

	 	(c)	to pay Employee at least a Target FY’07 bonus payout, within fourteen (14) days of the scheduled date of the FY’07 payout to all employees for such bonuses;

  

	 	(d)	to pay Employee Fifty Thousand One Hundred Dollars and No Cents ($50,100.00), lump sum payment, which represents a pro-rated Target FY’08 bonus payout for Periods 1 & 2,
within fourteen (14) days of the expiration of the revocation period as described in this Agreement; 

  

	 	(e)	to pay Employee Seven Thousand Six Hundred Fourteen Dollars and No Cents ($7,614.00), lump sum payment, net of taxes, to offset the insurance premium differential between COBRA
benefits continuation and the premium assessed for active employee participation for an eighteen (18) month period in the Winn-Dixie medical benefit plan, within fourteen (14) days of the expiration of the revocation period as described in
this Agreement; 

  

	 	(f)	to pay Employee Nineteen Thousand Six Hundred Seventy-Four Dollars and No Cents ($19,674.00) lump sum payment, net of taxes, to cover the estimated cost of eighteen (18) months
of health insurance premiums for an individual policy for Employee and spouse (estimate is based on an available BlueChoice PPO policy from Blue Cross and Blue Shield of Florida as of July 6, 2007) within fourteen (14) days of the
expiration of the revocation period as described in this Agreement; and 

  

	 	(g)	to only verify dates of employment through The Work Number at (800) 996-7566 or http://www.theworknumber.com if contacted by an employer or prospective employer of
Employee. 

  

	 	2.	Complete and Full General Release of All Claims 

 In consideration for the benefits set out more fully below, Employee, for himself/herself, his/her heirs, successors and assigns, hereby, unconditionally and forever releases and discharges Winn-Dixie and any affiliated company, parent, or
subsidiary, and their past and present directors, officers, employees, representatives, successors and assigns from any and all claims, whether known or not, including but not limited to, claims, rights, or amounts for attorneys’ fees, wages,
debts or damages of any kind arising out of, but not limited to, his/her hiring, employment, treatment by or separation from employment with Winn-Dixie. This Agreement applies to all claims and causes of action 

  

 Thomas P. Robbins             

 Winn-Dixie Stores, Inc.              

 Election Form and Waiver Agreement 
 Winn-Dixie Stores, Inc./Thomas P. Robbins 
 Page 3 

 

 
including, but not limited to, claims, arising under any civil rights statutes, including but not limited to the Civil Rights Act of 1964, the Civil Rights
Act of 1866, the Civil Rights Act of 1871, the Employee Retirement Income Security Act, the Americans With Disabilities Act, the Age Discrimination in Employment Act of 1967, the Family Medical Leave Act, the Fair Labor Standards Act of 1938, the
Rehabilitation Act of 1973, the National Labor Relations Act, the Florida Civil Rights Act of 1992, or any other local, state or federal law or regulation of whatever kind, or any theory of contract or tort based on events occurring prior to the
execution of this Agreement. Furthermore, this Agreement applies to all claims and causes of action including, but not limited to, claims related to any other entitlement to severance and future Retention Payments from the Company under any other
plan or agreement. This Agreement, however, will not apply to claims for benefits to which the Participant is eligible under Company-sponsored pension, retirement or health insurance plans. 
  

	 	3.	No Other Filings 

 Employee represents that
he/she has not filed any charges, complaints or other accusatory pleadings against Winn-Dixie or any of its officers, directors, employees or representatives based upon or arising out of any aspect of his/her employment relationship with Winn-Dixie
or separation therefrom which may have accrued as of the date of the execution of this Agreement. Employee agrees that if at any time after the execution of this Agreement it is established that he/she violated the terms of this provision,
Winn-Dixie shall have the right to seek appropriate relief, including, but not limited to, a permanent injunction restraining Employee from further violations. Employee further agrees that damages for any breach of this provision will be difficult
to calculate and that should Employee breach this provision, Winn-Dixie shall be entitled to both stop payment of any funds owed under this Agreement and bring legal action against Employee in a court of competent jurisdiction for each such breach.
Upon the entry of any judgment finding such a breach, Winn-Dixie shall also be entitled to recover Three Hundred Seventy-Five Thousand Dollars and No Cents ($375,000.00) as liquidated damages for each such breach. Employee further agrees that with
respect to the claims he/she is waiving, he/she is waiving his/her right to recover money or other relief in any action that might be brought on his/her behalf by any other person or entity including, but not limited to, the United States Equal
Employment Opportunity Commission, the Department of Labor, or any other (U.S. or foreign) federal, state or local governmental agency or department. 
  

	 	4.	Confidentiality 

 Employee agrees that the
facts, contents, and terms of this Agreement shall be completely confidential and will not be disclosed to any third party except (a) as required by law, (b) as required to obtain legal or financial advice, or (c) to Employee’s
immediate family, including parents, spouse and/or children. Employee further agrees that the only statement he/she will make about his/her separation from Winn-Dixie is that his/her employment was ended due to “retirement.” Employee
agrees that if at any time after the execution of this Agreement it is established that he/she violated the terms of this confidentiality provision, Winn-Dixie shall have the right to seek appropriate relief, including, but not limited to, a
permanent injunction restraining Employee from further 

  

 Thomas P. Robbins             

 Winn-Dixie Stores, Inc.              

 Election Form and Waiver Agreement 
 Winn-Dixie Stores, Inc./Thomas P. Robbins 
 Page 4 

 

 
violations. Employee further agrees that damages for any breach of this confidentiality promise will be difficult to calculate and that should Employee
breach this promise of confidentiality, Winn-Dixie shall be entitled to bring legal action against him/her in a court of competent jurisdiction for each such breach. Upon the entry of any judgment finding such a breach, Winn-Dixie shall also be
entitled to recover Three Hundred Seventy-Five Thousand Dollars and No Cents ($375,000.00) as liquidated damages for each such breach. 
  

	 	5.	Non-Admission of Liability 

 It is understood
and agreed that this Agreement has been reached purely on a compromise basis and is not to be construed as an admission by either Employee or Winn-Dixie of any violation of any federal, state or local law, ordinance, or administrative regulation, or
any action in contract or tort which either party could have brought in a subsequent lawsuit. 
  

	 	6.	Return of Materials 

 Employee agrees to
return all equipment owned by Winn-Dixie in his/her possession, custody or control upon his/her Separation date. The term equipment includes, but is not limited to laptops, wireless communication devices, credit cards, access cards or any other
equipment specifically assigned to Employee and used for business purposes by Employee (“Equipment”) as Senior Vice President, Merchandising. The term equipment does not include business cards, office supplies, pencils or any other item
not specifically assigned to Employee. Employee further agrees to return all materials, memorandum, notes, records, lists, or any other documents or tangible medium containing proprietary information pertaining to Winn-Dixie’s business or its
customers (“Materials”) upon his/her separation date. 
 Employee and Winn-Dixie further agree that damages for any breach of
Employee’s agreement to return materials will be difficult to calculate and that should Employee breach this promise to return materials, Winn-Dixie shall be entitled to both stop payment of any funds owed under this Agreement and bring legal
action against Employee in a court of competent jurisdiction for each such breach. Upon the entry of any judgment finding such a breach, Winn-Dixie shall also be entitled to recover Three Hundred Seventy-Five Thousand Dollars and No Cents
($375,000.00) as liquidated damages for each such breach. To the extent, Employee discovers that he/she has inadvertently or mistakenly failed to return any of the aforementioned Equipment or Materials, Employee agrees to immediately return the
Equipment and/or Materials by way of overnight delivery to Winn-Dixie’s General Counsel. So long as Employee has not used said inadvertently or mistakenly withheld Equipment or Materials to violate any other provision of this Agreement, any
such discovery and return of said inadvertently or mistakenly withheld Equipment or Materials shall not subject Employee to liability under this provision. 
  

 Thomas P. Robbins             

 Winn-Dixie Stores, Inc.              

 Election Form and Waiver Agreement 
 Winn-Dixie Stores, Inc./Thomas P. Robbins 
 Page 5 

 

	 	7.	Non-Solicitation 

 Employee also agrees that,
for one (1) year after the date of execution of this Agreement, Employee will not directly or indirectly, without Winn-Dixie’s prior written consent, solicit employees of Winn-Dixie who worked under Employee’s supervision and with
whom Employee had business dealings for the purpose of inducing them to leave their employment with Winn-Dixie. 
 In the event of any breach
by Employee of the above-referenced non-solicitation clause, the resulting injuries to Winn-Dixie would be difficult or impossible to estimate accurately, but it is certain that injury or damages will result to the business of Winn-Dixie. Employee
therefore agrees that, in the event of any such breach, Winn-Dixie shall be entitled, in addition to any available legal or equitable remedies for damages, to an injunction to restrain the violation or anticipated violation of those provisions of
this Agreement. Winn-Dixie’s rights under this paragraph shall be in addition to every other remedy (equitable, statutory, legal or contractual) to which Winn-Dixie may be entitled. 
  

	 	8.	Non-Disparagement 

 Employee agrees to
refrain from publicly or privately either directing any disparaging or defamatory remarks regarding Winn-Dixie or engaging in any form of disparaging or defamatory conduct that disparages Winn-Dixie, portrays Winn-Dixie in a negative light, or
otherwise impairs the reputation, goodwill or commercial interests of Winn-Dixie. Employee understands and agrees that this restriction prohibits, among other things, the making of disparaging or defamatory remarks regarding Winn-Dixie or engaging
in any disparaging or defamatory conduct that disparages, portrays in a negative light, or otherwise impairs the reputation, goodwill or commercial interests of Winn-Dixie to any (1) member of the general public; (2) either customers,
vendors or suppliers or potential customers, vendors or suppliers of Winn-Dixie; (3) current, former or prospective employees of Winn-Dixie; or (4) member(s) of the press or other media. Employee further agrees that damages for any breach
of this non-disparagement promise will be difficult to calculate and that should a breach of this promise occur, Winn-Dixie shall be entitled to both stop payment of any funds owed under this Agreement and bring legal action against Employee in a
court of competent jurisdiction for each such breach. Upon the entry of any judgment finding such a breach, Winn-Dixie shall also be entitled to recover Three Hundred Seventy-Five Thousand Dollars and No Cents ($375,000.00) as liquidated damages for
each such breach. 
  

	 	9.	Non-Disclosure and Non-Compete 

 Employee
agrees that in his/her position as Senior Vice President, Merchandising he/she had access to and indeed did review proprietary and confidential information that both was not available to the general public and Winn-Dixie took reasonable steps to
protect from being disseminated to the public. This information included, but was not limited to customer, supplier and vendor information; processes; know-how; trade secrets defined as information including a formula, pattern, compilation, program,
device, method, technique, or process that derives independent economic value, actual or potential, from not being 

  

 Thomas P. Robbins             

 Winn-Dixie Stores, Inc.              

 Election Form and Waiver Agreement 
 Winn-Dixie Stores, Inc./Thomas P. Robbins 
 Page 6 

 

 
generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use and is the
subject of efforts that are reasonable under the circumstances to maintain its secrecy; other valuable confidential business information or professional information that otherwise does not qualify as trade secrets; pricing; marketing strategies; and
all other similar and related information of Winn-Dixie. Employee further agrees that Winn-Dixie has a legitimate business interest in protecting substantial relationships with specific prospective or existing customers, vendors, or suppliers;
customer or vendor goodwill associated with its business; and extraordinary or specialized training. In light of Employee’s access to this information, Employee furthermore agrees that he/she will not: 
  

	 	(a)	at any time disclose any of Winn-Dixie’s proprietary, secret or confidential information to any person or party, directly or indirectly, for a period of at least five
(5) years from the date of Employee’s execution of this Agreement; and/or 

  

	 	(b)	Work, directly or indirectly, alone or with any other person or entity, in any capacity in the grocery or retail pharmacy business in any state where Winn-Dixie does business as of
the date of this Agreement for a period of eighteen (18) months from the date of his/her separation. For purposes of this Agreement, grocery is defined as articles of food and other goods sold by a grocer, and a grocer is defined as a dealer in
staple food stuffs and many household supplies including, but not limited to, soap, matches, paper napkins, . . . etc. For purposes of this Agreement, retail pharmacy is defined as a dealer in over-the-counter and prescription drugs.

 If any of the aforementioned covenants are breached, Winn-Dixie shall have any and all legal remedies as may be available to
it, and Winn-Dixie shall be entitled to an immediate injunction from a court of competent jurisdiction to prevent the continuation of the breach without further having to show damage. Furthermore, Employee agrees that damages for any such breach
will be difficult to calculate and that should he/she breach either of the aforementioned covenants, Winn-Dixie shall be entitled to both stop payment of any funds owed under this Agreement and bring legal action against Employee in a court of
competent jurisdiction for each such breach. Upon the entry of any judgment finding such a breach, Winn-Dixie shall also be entitled to recover Three Hundred Seventy-Five Thousand Dollars and No Cents ($375,000.00) as liquidated damages for each
such breach. 
  

	 	10.	Complete Agreement 

 It is understood and
agreed that this Agreement sets forth the entire agreement between Employee and Winn-Dixie and supercedes any previous agreement between Employee and Winn-Dixie. 
  

 Thomas P. Robbins             

 Winn-Dixie Stores, Inc.              

 Election Form and Waiver Agreement 
 Winn-Dixie Stores, Inc./Thomas P. Robbins 
 Page 7 

 

	 	11.	Choice of Law 

 This Agreement is to be
construed according to the laws of the State of Florida. 
  

	 	12.	Severability 

 Should any provision of this
Agreement be declared unlawful or invalid, all other provisions shall remain in full force and effect. 
  

	 	13.	Acknowledgment 

 EMPLOYEE REPRESENTS AND
ACKNOWLEDGES THAT HE/SHE HAS BEEN ADVISED TO CONSULT WITH AN ATTORNEY PRIOR TO ENTERING THIS AGREEMENT, AND THAT HE/SHE HAS BEEN PROVIDED WITH A PERIOD OF AT LEAST TWENTY-ONE (21) DAYS WITHIN WHICH TO CONSIDER THE AGREEMENT. EMPLOYEE FURTHER
REPRESENTS AND ACKNOWLEDGES THAT HE/SHE HAS READ THIS AGREEMENT IN ITS ENTIRETY, THAT THE AGREEMENT IS WRITTEN IN A MANNER CALCULATED TO BE UNDERSTOOD BY HIM/HER, THAT HE/SHE FULLY UNDERSTANDS ITS CONTENT AND EFFECT, AND, WITHOUT DURESS OR COERCION,
KNOWINGLY AND VOLUNTARILY AGREES TO ITS TERMS AND CONDITIONS. EMPLOYEE ALSO ACKNOWLEDGES AND REPRESENTS THAT THE CONSIDERATION PROVIDED IN EXCHANGE FOR THIS AGREEMENT IS OF VALUE TO HIM/HER AND IS NOT ANYTHING TO WHICH HE/SHE IS ALREADY ENTITLED.

 EMPLOYEE FURTHER ACKNOWLEDGES THAT HE/SHE MAY REVOKE THIS AGREEMENT AT ANY TIME WITHIN SEVEN (7) DAYS OF EXECUTING THE
AGREEMENT. ANY REVOCATION, HOWEVER, MUST BE IN WRITING AND DELIVERED TO WINN-DIXIE’S SENIOR VICE PRESIDENT OF HUMAN RESOURCES. BOTH PARTIES ACKNOWLEDGE AND AGREE THAT THIS AGREEMENT SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL THE SEVEN
(7) DAY REVOCATION PERIOD HAS EXPIRED. 
 [SIGNATURES ON NEXT PAGE] 
  

 Thomas P. Robbins             

 Winn-Dixie Stores, Inc.              

 Election Form and Waiver Agreement 
 Winn-Dixie Stores, Inc./Thomas P. Robbins 
 Page 8 

 

 Dated this      day of
                    , 2007. 
  

									
	By:	 	  
	 		 	By:	 	  

		 	Thomas P. Robbins	 		 		 	Peter Lynch
		 		 		 		 	President & CEO

 Sworn to and subscribed before me 
 this      day of                     , 2007. 
  

	
	  

	Notary Public
	
	My Commission Expires:Form of Senior Indenture

 Exhibit 4.1 
  

 THE McGRAW-HILL COMPANIES, INC. 
 and 
 The Bank of New York Mellon, Trustee 
  

 INDENTURE 
 Dated as of [date], 2007 
 Providing
for Issuance of Senior Securities in Series 
  

  

 TABLE SHOWING REFLECTION IN INDENTURE OF CERTAIN PROVISIONS 
 OF TRUST INDENTURE ACT OF 1939, 
 AS AMENDED BY
THE TRUST INDENTURE REFORM ACT OF 1990 
  

			
	 TIA
	  	Section
	 310 (a)(1)
	  	Section 6.09
	        (a)(2)
	  	Section 6.09
	        (a)(3)
	  	Not Applicable
	        (a)(4)
	  	Not Applicable
	        (a)(5)
	  	Section 6.09
	        (b)
	  	Section 6.08
	 311 (a)
	  	Section 6.13
	        (b)
	  	Section 6.13
	        (b)(2)
	  	Section 7.03(a),
		  	Section 7.03(b)
	 312 (a)
	  	Section 7.01,
		  	Section 7.02(a)
	        (b)
	  	Section 7.03(b)
	        (c)
	  	Section 7.02(c)
	 313 (a)
	  	Section 7.03(a)
	        (b)
	  	Section 7.03(b)
	        (c)
	  	Section 7.03(a),
		  	Section 7.03(b)
	        (d)
	  	Section 7.03(c)
	 314 (a)(1)
	  	Section 7.04
	        (a)(2)
	  	Section 7.04
	        (a)(3)
	  	Section 7.04
	        (a)(4)
	  	Section 10.04
	        (b)
	  	Not Applicable
	        (c)(1)
	  	Section 1.02
	        (c)(2)
	  	Section 1.02
	        (c)(3)
	  	Not Applicable
	        (d)
	  	Not Applicable
	        (e)
	  	Section 1.02
	 315 (a)
	  	Section 6.01(a),
		  	Section 6.01(c)
	        (b)
	  	Section 6.02,
		  	Section 7.03(a)
	        (c)
	  	Section 6.01(b)
	        (d)
	  	Section 6.01
	        (d)(1)
	  	Section 6.01(a)
	        (d)(2)
	  	Section 6.01(c)(ii)
	        (d)(3)
	  	Section 6.01(c)(iii)
	        (e)
	  	Section 5.14
	 316 (a)
	  	Section 1.01
	        (a)(1)(A)
	  	Section 5.02,
Section 5.12

			
	 TIA
	  	Section
	        (a)(1)(B)
	  	Section 5.13
	        (a)(2)
	  	Not Applicable
	        (b)
	  	Section 5.08
	        (c)
	  	Section 1.04(d)
	 317 (a)(1)
	  	Section 5.03
	        (a)(2)
	  	Section 5.04
	        (b)
	  	Section 10.03
	 318 (a)
	  	Section 1.07

 Note: This table shall not, for any purpose, be deemed to be part of the Indenture. 
  

 3 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 ARTICLE ONE
 DEFINITIONS AND OTHER PROVISIONS
 OF GENERAL APPLICATION

			
	 Section 1.01.
	  	Definitions	  	1
	 Section 1.02.
	  	Compliance Certificates and Opinions	  	10
	 Section 1.03.
	  	Form of Documents Delivered to Trustee	  	11
	 Section 1.04.
	  	Acts of Securityholders	  	11
	 Section 1.05.
	  	Notices, etc., to Trustee and Company	  	13
	 Section 1.06.
	  	Notices to Securityholders; Waiver	  	13
	 Section 1.07.
	  	Conflict with Trust Indenture Act	  	14
	 Section 1.08.
	  	Effect of Headings and Table of Contents	  	14
	 Section 1.09.
	  	Successors and Assigns	  	14
	 Section 1.10.
	  	Separability Clause	  	14
	 Section 1.11.
	  	Benefits of Indenture	  	14
	 Section 1.12.
	  	Governing Law	  	14
	 Section 1.13.
	  	Counterparts	  	14
	 Section 1.14.
	  	Judgment Currency	  	14
	
	 ARTICLE TWO
 SECURITY FORMS

			
	 Section 2.01.
	  	Forms Generally	  	15
	 Section 2.02.
	  	Forms of Securities	  	15
	 Section 2.03.
	  	Form of Trustee’s Certificate of Authentication	  	16
	 Section 2.04.
	  	Securities Issuable in the Form of a Global Security	  	16
	
	 ARTICLE THREE
 THE SECURITIES

			
	 Section 3.01.
	  	General Title; General Limitations; Issuable in Series; Terms of Particular Series	  	18
	 Section 3.02.
	  	Denominations	  	21
	 Section 3.03.
	  	Execution, Authentication and Delivery and Dating	  	21
	 Section 3.04.
	  	Temporary Securities	  	22
	 Section 3.05.
	  	Registration, Transfer and Exchange	  	23
	 Section 3.06.
	  	Mutilated, Destroyed, Lost and Stolen Securities	  	24
	 Section 3.07.
	  	Payment of Interest; Interest Rights Preserved	  	25
	 Section 3.08.
	  	Persons Deemed Owners	  	26
	 Section 3.09.
	  	Cancellation	  	26
	 Section 3.10.
	  	Computation of Interest	  	27
	 Section 3.11.
	  	Delayed Issuance of Securities	  	27

  

 i 

					
	 ARTICLE FOUR
 SATISFACTION AND DISCHARGE

			
	 Section 4.01.
	  	Satisfaction and Discharge of Indenture	  	27
	 Section 4.02.
	  	Application of Trust Money	  	28
	 Section 4.03.
	  	Defeasance Upon Deposit of Funds or Government Obligations	  	29
	 Section 4.04.
	  	Reinstatement	  	31
	
	 ARTICLE FIVE
 REMEDIES

			
	 Section 5.01.
	  	Events of Default	  	31
	 Section 5.02.
	  	Acceleration of Maturity; Rescission and Annulment	  	32
	 Section 5.03.
	  	Collection of Indebtedness and Suits for Enforcement by Trustee	  	34
	 Section 5.04.
	  	Trustee May File Proofs of Claim	  	35
	 Section 5.05.
	  	Trustee May Enforce Claims Without Possession of Securities	  	35
	 Section 5.06.
	  	Application of Money Collected	  	36
	 Section 5.07.
	  	Limitation on Suits	  	36
	 Section 5.08.
	  	Unconditional Right of Securityholders to Receive Principal, Premium and Interest	  	37
	 Section 5.09.
	  	Restoration of Rights and Remedies	  	37
	 Section 5.10.
	  	Rights and Remedies Cumulative	  	37
	 Section 5.11.
	  	Delay or Omission Not Waiver	  	37
	 Section 5.12.
	  	Control by Securityholders	  	38
	 Section 5.13.
	  	Waiver of Past Defaults	  	38
	 Section 5.14.
	  	Undertaking for Costs	  	38
	 Section 5.15.
	  	Waiver of Stay or Extension Laws	  	39
	
	 ARTICLE SIX
 THE TRUSTEE

			
	 Section 6.01.
	  	Certain Duties and Responsibilities	  	39
	 Section 6.02.
	  	Notice of Defaults	  	40
	 Section 6.03.
	  	Certain Rights of Trustee	  	41
	 Section 6.04.
	  	Not Responsible for Recitals or Issuance of Securities	  	42
	 Section 6.05.
	  	May Hold Securities	  	42
	 Section 6.06.
	  	Money Held in Trust	  	42
	 Section 6.07.
	  	Compensation and Reimbursement	  	42
	 Section 6.08.
	  	Disqualification; Conflicting Interests	  	43
	 Section 6.09.
	  	Corporate Trustee Required; Eligibility	  	43
	 Section 6.10.
	  	Resignation and Removal	  	44
	 Section 6.11.
	  	Acceptance of Appointment by Successor	  	46
	 Section 6.12.
	  	Merger, Conversion, Consolidation or Succession to Business	  	46
	 Section 6.13.
	  	Preferential Collection of Claims Against Company	  	47
	 Section 6.14.
	  	Appointment of Authenticating Agent	  	47

  

 ii 

					
	 ARTICLE SEVEN
 SECURITYHOLDERS’ LISTS AND REPORTS BY
 TRUSTEE AND COMPANY
  

	 Section 7.01.
	  	Company to Furnish Trustee Names and Addresses of Securityholders	  	48
	 Section 7.02.
	  	Preservation of Information; Communications to Securityholders	  	49
	 Section 7.03.
	  	Reports by Trustee	  	50
	 Section 7.04.
	  	Reports by Company	  	50
	
	 ARTICLE EIGHT
 CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER

			
	 Section 8.01.
	  	Consolidation, Merger, Conveyance or Transfer on Certain Terms	  	51
	 Section 8.02.
	  	Successor Person Substituted	  	51
	
	 ARTICLE NINE
 SUPPLEMENTAL INDENTURES

			
	 Section 9.01.
	  	Supplemental Indentures Without Consent of Securityholders	  	51
	 Section 9.02.
	  	Supplemental Indentures with Consent of Securityholders	  	53
	 Section 9.03.
	  	Execution of Supplemental Indentures	  	54
	 Section 9.04.
	  	Effect of Supplemental Indentures	  	54
	 Section 9.05.
	  	Conformity with Trust Indenture Act	  	54
	 Section 9.06.
	  	Reference in Securities to Supplemental Indentures	  	54
	
	 ARTICLE TEN
 COVENANTS

			
	 Section 10.01.
	  	Payment of Principal, Premium and Interest	  	55
	 Section 10.02.
	  	Maintenance of Office or Agency	  	55
	 Section 10.03.
	  	Money for Security Payments to Be Held in Trust	  	55
	 Section 10.04.
	  	Statement as to Compliance	  	56
	 Section 10.05.
	  	Legal Existence	  	57
	 Section 10.06.
	  	Limitation on Liens	  	57
	 Section 10.07.
	  	Waiver of Certain Covenants	  	58
	
	 ARTICLE ELEVEN
 REDEMPTION OF SECURITIES

			
	 Section 11.01.
	  	Applicability of Article	  	58
	 Section 11.02.
	  	Election to Redeem; Notice to Trustee	  	58
	 Section 11.03.
	  	Selection by Trustee of Securities to Be Redeemed	  	59
	 Section 11.04.
	  	Notice of Redemption	  	59
	 Section 11.05.
	  	Deposit of Redemption Price	  	60
	 Section 11.06.
	  	Securities Payable on Redemption Date	  	60
	 Section 11.07.
	  	Securities Redeemed in Part	  	61
	 Section 11.08.
	  	Optional Redemption	  	61

  

 iii 

					
	 ARTICLE TWELVE
 REPURCHASE OF THE SECURITIES
 UPON CHANGE OF CONTROL TRIGGERING EVENT

			
	 Section 12.01.
	  	Offer to Repurchase Upon Change of Control Triggering Event	  	61

  

 iv 

 THIS INDENTURE between THE MCGRAW-HILL COMPANIES, INC., a New York corporation (hereinafter called
the “Company”) having its principal office at 1221 Avenue of the Americas, New York, New York 10020, and The Bank of New York Mellon, a New York banking corporation, as trustee (hereinafter called the “Trustee”), is
made and entered into as of [date], 2007. 
 Recitals of the Company 
 The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of its debentures, notes, bonds or other
evidences of indebtedness, to be issued in one or more fully registered series. 
 All things necessary to make this Indenture a valid
agreement of the Company in accordance with its terms, have been done. 
 Agreements of the Parties 
 To set forth or to provide for the establishment of the terms and conditions upon which the Securities are and are to be authenticated, issued and
delivered, and in consideration of the premises and the purchase of Securities by the Holders thereof, it is mutually covenanted and agreed as follows, for the equal and proportionate benefit of all Holders of the Securities or of a series thereof,
as the case may be: 
 ARTICLE ONE 
 DEFINITIONS AND OTHER PROVISIONS 
 OF GENERAL APPLICATION 
 Section 1.01. Definitions. 
 (a) For all purposes
of this Indenture and of any indenture supplemental hereto, except as otherwise expressly provided or unless the context otherwise requires: 
 (1) the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular; 
 (2) all other terms used herein which are defined in the Trust Indenture Act or by Commission rule under the Trust Indenture Act, either
directly or by reference therein, have the meanings assigned to them herein; 
 (3) all accounting terms not otherwise defined
herein have the meanings assigned to them in accordance with GAAP and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall
mean such accounting principles and any accounting rules or interpretations promulgated by the Commission as are generally accepted in the United States of America at the date of this Indenture; and 
 (4) all references in this instrument to designated “Articles”, “Sections” and other subdivisions are to the
designated Articles, Sections and other 

 
subdivisions of this instrument as originally executed. The words “herein”, “hereof” and “hereunder” and other words of similar
import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 
 (b) Certain terms, used
principally in Article Six, are defined in that Article. 
 “Act”, when used with respect to any Securityholder, has
the meaning specified in Section 1.04(a). 
 “Affiliate” of any specified Person means any other Person directly or
indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the
management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the
foregoing. 
 “Authenticating Agent” means any Person authorized by the Company to authenticate Securities under
Section 6.14. 
 “Below Investment Grade Rating Event” means the Securities are rated below an Investment Grade Rating
by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of the Change of Control (which
60-day period shall be extended so long as the rating of the Securities is under publicly announced consideration for possible downgrade by any of the Rating Agencies); provided that a Below Investment Grade Rating Event otherwise arising by
virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of Change of Control
Triggering Event hereunder) if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Trustee or the Company in writing at the Trustee’s or the
Company’s request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control
shall have occurred at the time of the Below Investment Grade Rating Event). 
 “Board of Directors” means (i) the
board of directors of the Company, (ii) any duly authorized committee of such board, (iii) any committee of officers of the Company or (iv) any officer of the Company acting, in the case of (iii) or (iv), pursuant to authority
granted by the board of directors of the Company or any committee of such board. 
 “Board Resolution” means a copy of a
resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. 
 “Business Day” means, with respect to any series of Securities, unless otherwise specified in a Board Resolution and an Officer’s
Certificate with respect to a particular series of Securities, each day which is not a Saturday, Sunday or other day on which banking institutions in the pertinent Place or Places of Payment or the city in which the Corporate Trust Office is located
are authorized or required by law or executive order to be closed. 
  

 2 

 “Capital Stock” of any Person means any and all shares, interests, rights to purchase,
warrants, options, participation or other equivalents of or interests in (however designated) equity of such Person, including any preferred stock and limited liability or partnership interests (whether general or limited), but excluding any debt
securities convertible into such equity. 
 “Change of Control” means the occurrence of any of the following: (1) the
direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its
Subsidiaries taken as a whole to any Person or group of related persons for purposes of Section 13(d) of the Exchange Act (a “Group”) other than the Company or one of its Subsidiaries; (2) the approval by the holders of
the Company’s common stock of any plan or proposal for the liquidation or dissolution of the Company (whether or not otherwise in compliance with the provisions hereof); (3) the consummation of any transaction or series of related
transactions (including, without limitation, any merger or consolidation) the result of which is that any “person” (individually and as that term is used in Section 13(d)(3) and Section 14(d)(2) of the Exchange Act), becomes the
beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s Voting Stock; or (4) the first day on which a majority of the members of the Company’s board of directors are not
Continuing Directors. 
 “Change of Control Offer” has the meaning set forth in Section 12.01(a) hereof. 
 “Change of Control Payment” has the meaning set forth in Section 12.01(a) hereof. 
 “Change of Control Payment Date” has the meaning set forth in Section 12.01(b)(3) hereof. 
 “Change of Control Triggering Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

 “Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange
Act, or, if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time. 
 “Company” means the Person named as the “Company” in the first paragraph of this instrument until a successor shall have
become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor. 
 “Company Request”, “Company Order” and “Company Consent” mean a written request, order or consent, respectively, signed in the name of the Company by its Chairman of the Board, Chief
Executive Officer, Chief Operating Officer, President or a Vice President, and by its Treasurer, an Assistant Treasurer, Controller, an Assistant Controller, Secretary or an Assistant Secretary, and delivered to the Trustee. 
  

 3 

 “Comparable Treasury Issue” means the U.S. treasury security selected by an Independent
Investment Banker as having a maturity comparable to the remaining term (the “Remaining Life”) of the Securities to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in
pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Securities. 
 “Comparable
Treasury Price” means, with respect to any Redemption Date, (1) the average of five Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or
(2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Consolidated Net Worth” means, with respect to any Person, at the date of any determination, the consolidated stockholders’ or owners’ equity of the holders of capital stock or partnership
interests of such Person and its subsidiaries, determined on a consolidated basis in accordance with GAAP consistently applied. 
 “Continuing Director” means, as of any date of determination, any member of the Company’s board of directors who (1) was a member of the Company’s board of directors on the original issue date of the
Securities; or (2) was nominated for election or elected to the Company’s board of directors with the approval of a majority of the Continuing Directors who were members of the Company’s board of directors at the time of such
nomination or election (either by a specific vote or by approval of the Company’s proxy statement in which such member was named as a nominee for election as a director, without objection or opposition to such nomination). 
 “Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust business shall be
principally administered, which office at the date hereof is located at 101 Barclay Street, 8W, New York, New York 10286, Attn: Corporate Trust Administration. 
 “Debt” of any Person means, without duplication, (i) any obligation of such Person for money borrowed, (ii) any obligation of such Person evidenced by bonds, debentures, notes, or other
similar instruments, and (iii) all guarantee obligations of such Person with respect to Debt of others. 
 “Defaulted
Interest” has the meaning specified in Section 3.07(b). 
 “Depository” means, unless otherwise specified by
the Company pursuant to either Section 2.04 or 3.01, with respect to Securities of any series issuable or issued as a Global Security, The Depository Trust Company, New York, New York, or any successor thereto registered as a clearing agency
under the Exchange Act or other applicable statute or regulation. 
 “Discharged” has the meaning specified in
Section 4.03(g). 
  

 4 

 “Event of Default” has the meaning specified in Article Five. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Fitch” means Fitch Ratings Ltd., or its successor. 
 “Federal Bankruptcy Act” has the meaning specified in Section 5.01(a)(5). 
 “GAAP” means generally accepted accounting principles as such principles are in effect in the United States as of the date of this Indenture. 
 “Global Security”, when used with respect to any series of Securities issued hereunder, means a Security which is executed by the Company and authenticated and delivered by the Trustee to the
Depository or pursuant to the Depository’s instruction, all in accordance with this Indenture and an indenture supplemental hereto, if any, or Board Resolution and pursuant to a Company Request, which shall be registered in the name of the
Depository or its nominee and which shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, all of the Outstanding Securities of such series or any portion thereof, in either case having the same terms,
including, without limitation, the same original issue date, date or dates on which principal is due, and interest rate or method of determining interest. 
 “Holder”, when used with respect to any Security, means a Securityholder, which means a Person in whose name a security is registered in the Security Register. 
 “Indenture” or “this Indenture” means this instrument as originally executed or as it may from time to time be
supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of particular series of Securities established as contemplated by Section 3.01.

 “Independent Investment Banker” means either Deutsche Bank Securities Inc., J.P. Morgan Securities Inc. or Greenwich
Capital Markets, Inc., as specified by the Company, or if these firms are unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Company, in the Company’s
sole discretion. 
 “Interest”, when used with respect to an Original Issue Discount Security which by its terms bears
interest only after Maturity, means interest payable after Maturity. 
 “Interest Payment Date”, when used with respect to
any series of Securities, means the Stated Maturity of any installment of interest on those Securities. 
 “Investment Grade
Rating” means a rating equal to or higher than BBB- (or the equivalent) by Fitch and Baa3 (or the equivalent) by Moody’s. 
 “Lien” means any pledge, mortgage, lien, encumbrance or other security interest. 
  

 5 

 “Material Subsidiary” means any Person that is a Subsidiary if at the end of the most
recent fiscal quarter of the Company, the aggregate amount, determined in accordance with GAAP consistently applied, of securities of, loans and advances to, and other investments in, such Person held by the Company and its other Subsidiaries
exceeded 10% of the Company’s Consolidated Net Worth. 
 “Material U.S. Subsidiary” means any Material Subsidiary that
is organized under the laws of the United States of America or any political subdivision thereof (including any State thereof or the District of Columbia). 
 “Maturity”, when used with respect to any Securities, means the date on which the principal of any such Security becomes due and payable as therein or herein provided, whether on a Repayment Date, at
the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 
 “Moody’s” means
Moody’s Investors Service, Inc., or its successor. 
 “Officers’ Certificate” means a certificate signed by the
Chairman of the Board, the Chief Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, General Counsel or a Vice President, and by the Treasurer, an Assistant Treasurer, the Controller, an Assistant Controller,
the Secretary or an Assistant Secretary of the Company, and delivered to the Trustee. Wherever this Indenture requires that an Officers’ Certificate be signed also by a financial expert or an accountant or other expert, such financial expert,
accountant or other expert (except as otherwise expressly provided in this Indenture) may be in the employ of the Company, and shall be acceptable to the Trustee. 
 “Opinion of Counsel” means a written opinion of counsel, who may (except as otherwise expressly provided in this Indenture) be an employee of or of counsel to the Company, which is delivered to the
Trustee. 
 “Original Issue Discount Security” means (i) any Security which provides for an amount less than the
principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof, and (ii) any other security which is issued with “original issue discount” within the meaning of Section 1273(a) of the
Internal Revenue Code of 1986, as amended, and the regulations thereunder. 
 “Outstanding”, when used with respect to the
Securities or Securities of any series, means, as of the date of determination, all such Securities theretofore authenticated and delivered under this Indenture, except: 
  

	 	(i)	such Securities theretofore canceled by the Trustee or delivered to the Trustee for cancellation; 

  

	 	(ii)	such Securities for whose payment or redemption money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent in trust for the Holders of such
Securities; provided that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; and 

  

 6 

	 	(iii)	such Securities in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, or which shall have been paid pursuant to the
terms of Section 3.06 (except with respect to any such Security as to which proof satisfactory to the Trustee is presented that such Security is held by a Person in whose hands such Security is a legal, valid and binding obligation of the
Company). 

 In determining whether the Holders of the requisite principal amount of such Securities Outstanding have given any request,
demand, authorization, direction, notice, consent or waiver hereunder, (i) the principal amount of any Original Issue Discount Security that shall be deemed to be Outstanding shall be the amount of the principal thereof that would be due and
payable as of the date of the taking of such action upon a declaration of acceleration of the Maturity thereof, and (ii) Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other
obligor shall be disregarded and deemed not to be Outstanding. In determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which a Responsible
Officer assigned to the Corporate Trust Department of the Trustee knows to be owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or such other obligor shall be so disregarded. Securities so owned which have
been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right to act as owner with respect to such Securities and that the pledgee is not the Company or any other
obligor upon the Securities or any Affiliate of the Company or such other obligor. 
 “Paying Agent” means any Person
authorized by the Company to pay the principal of (and premium, if any) or interest on any Securities on behalf of the Company. The Company initially authorizes the Trustee to act as Paying Agent for the Securities on its behalf. The Company may at
any time and from time to time authorize one or more Persons to act as Paying Agent in addition to or in place of the Trustee with respect to any series of Securities issued under this Indenture. 
 “Person” means any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company,
trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “Place of Payment” means
with respect to any series of Securities issued hereunder the city or political subdivision so designated with respect to the series of Securities in question in accordance with the provisions of Section 3.01. 
 “Predecessor Securities” of any particular Security means every previous Security evidencing all or a portion of the same debt as that
evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.06 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt as the lost,
destroyed or stolen Security. 
  

 7 

 “Rating Agencies” means (1) each of Fitch and Moody’s; and (2) if any of
Fitch or Moody’s ceases to rate the Securities or fails to make a rating of the Securities publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the
meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, selected by the Company (as certified by a resolution of the Company’s board of directors) as a replacement agency for Fitch or Moody’s, or all of them, as the case may be.

 “Redemption Date”, when used with respect to any Security to be redeemed, means the date fixed for such redemption by or
pursuant to this Indenture. 
 “Redemption Price”, when used with respect to any Security to be redeemed, means the price
specified in the Security at which it is to be redeemed pursuant to this Indenture. 
 “Reference Treasury Dealer” means
(1) any of Deutsche Bank Securities Inc., J.P. Morgan Securities Inc. and Greenwich Capital Markets, Inc. and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. government
securities dealer in New York City (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer and (2) any three other Primary Treasury Dealers selected by the Company after consultation
with the Independent Investment Banker. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference
Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in
writing to the Independent Investment Banker at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 
 “Regular Record Date” for the interest payable on any Security on any Interest Payment Date means the date specified in such Security as the Regular Record Date. 
 “Repayment Date”, when used with respect to any Security to be repaid, means the date fixed for such repayment pursuant to such
Security. 
 “Repayment Price”, when used with respect to any Security to be repaid, means the price at which it is to be
repaid pursuant to such Security. 
 “Required Currency”, when used with respect to any Security, has the meaning set forth
in Section 1.14. 
 “Responsible Officer”, when used with respect to the Trustee, means any officer of the Trustee with
direct responsibility for the administration of this Indenture and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular
subject. “Responsible Officer”, when used with respect to the Company, means any of the Chief Executive Officer, President, Chief Operating Officer, Chief Financial Officer, General Counsel, Treasurer, Assistant Treasurer,
Controller, an Assistant Controller or Vice President, Corporate Finance, the Secretary or Assistant Secretary of the Company (or any equivalent of the foregoing officers). 
  

 8 

 “Security” or “Securities” means any note or notes, bond or bonds,
debenture or debentures, or any other evidences of indebtedness, as the case may be, of any series authenticated and delivered from time to time under this Indenture. 
 “Security Register” shall have the meaning specified in Section 3.05. 
 “Security Registrar” means the Person who keeps the Security Register specified in Section 3.05. The Company initially appoints the Trustee to act as Security Registrar for the Securities on its behalf. The Company may
at any time and from time to time authorize any Person to act as Security Registrar in place of the Trustee with respect to any series of Securities issued under this Indenture. 
 “Securityholder” means a Person in whose name a security is registered in the Security Register. 
 “Special Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 3.07.

 “Stated Maturity” when used with respect to any Security or any installment of principal thereof or interest thereon
means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable. 
 “Subsidiary” means, with respect to any Person, any corporation more than 50% of the voting stock of which is owned directly or indirectly by such Person, and any partnership, association, joint
venture or other entity in which such Person owns more than 50% of the equity interests or has the power to elect a majority of the board of directors or other governing body. 
 “Tranche” has the meaning specified in Section 11.03. 
 “Treasury Rate” means, with respect to any Redemption Date, (a) the yield, under the heading that represents the average for the
immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication that is published weekly by the Board of Governors of the Federal Reserve System and that
establishes yields on actively traded U.S. treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities”, for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three
months before or after the Remaining Life, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from such yields on a
straight line basis, rounding to the nearest month); or (b) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semiannual
equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.

 “Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939 as in force at the date as of which
this instrument was executed; provided, however, that, in the event 

  

 9 

 
the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” or “TIA” means, to the extent required by any such
amendment, the Trust Indenture Act of 1939 as so amended. 
 “Trustee” means the Person named as the Trustee in the first
paragraph of this instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean and include each Person who is then a Trustee hereunder. If at any
time there is more than one such Person, “Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect to Securities of that series. 
 “Vice President” when used with respect to the Company or the Trustee means any vice president, whether or not designated by a number or
a word or words added before or after the title “vice president”, including without limitation, an assistant vice president. 
 “Voting Stock” of a Person means all Capital Stock of such Person then outstanding and normally entitled to vote in the election of directors, managers or trustees, as applicable, of such Person. 
 “Yield to Maturity” means the yield to maturity on a series of Securities, calculated by the Company at the time of issuance of such
series of Securities, or, if applicable, at the most recent redetermination of interest on such series, in accordance with accepted financial practice. 
 Section 1.02. Compliance Certificates and Opinions. 
 (a) Upon any application or request by the Company to the Trustee to
take any action under any provision of this Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any (including any covenants compliance with which constitutes a condition
precedent), provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such Counsel all such conditions precedent, if any (including any covenants compliance with
which constitutes a condition precedent), have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such
particular application or request, no additional certificate or opinion need be furnished. 
 (b) Every certificate or opinion with respect
to compliance with a condition or covenant provided for in this Indenture (other than annual statements of compliance provided pursuant to Section 10.04) shall include: 
 (1) a statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein
relating thereto; 
 (2) a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinions contained in such certificate or opinion are based; 
  

 10 

 (3) a statement that, in the opinion of each such individual, he has made such
examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (4) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 
 Section 1.03. Form of Documents Delivered to Trustee. 
 (a) In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that
they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons may certify or give an opinion as to the other matters, and any such Person may
certify or give an opinion as to such matters in one or several documents. 
 (b) Any certificate or opinion of an officer of the Company may
be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with
respect to the matters upon which his certificate or opinion is based are erroneous. Any such certificate or Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an
officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the Company, unless such Counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion
or representations with respect to such matters are erroneous. 
 (c) Where any Person is required to make, give or execute two or more
applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
 Section 1.04. Acts of Securityholders. 
 (a) Any request, demand, authorization, direction,
notice, consent, waiver or other action provided by this Indenture to be given or taken by Securityholders or Securityholders of any series may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such
Securityholders in person or by an agent duly appointed in writing or may be embodied in or evidenced by an electronic transmission which identifies the documents containing the proposal on which such consent is requested and certifies such
Securityholders’ consent thereto and agreement to be bound thereby; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee, and, where it is hereby
expressly required, to the Company. If any Securities are denominated in coin or currency other than that of the United States, then for the purposes of determining whether the Holders of the requisite principal amount of Securities have taken any
action as herein described, the principal amount of such Securities shall be deemed to be that amount of United States dollars that could be obtained for 

  

 11 

 
such principal amount on the basis of the spot rate of exchange into United States dollars for the currency in which such Securities are denominated (as
evidenced to the Trustee by an Officers’ Certificate) as of the date the taking of such action by the Holders of such requisite principal amount is evidenced to the Trustee as provided in the immediately preceding sentence. If any Securities
are Original Issue Discount Securities, then for the purposes of determining whether the Holders of the requisite principal amount of Securities have taken any action as herein described, the principal amount of such Original Issue Discount
Securities shall be deemed to be the amount of the principal thereof that would be due and payable upon a declaration of acceleration of the Maturity thereof as of the date the taking of such action by the Holders of such requisite principal amount
is evidenced to the Trustee as provided in the first sentence of this Section 1.04(a). Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the
Securityholders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Section 6.01) conclusive in favor
of the Trustee and the Company, if made in the manner provided in this Section. 
 (b) The fact and date of the execution by any Person of
any such instrument or writing may be proved by the affidavit of a witness to such execution or by the certificate of any notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such
instrument or writing acknowledged to him the execution thereof. Where such execution is by an officer of a corporation or a member of a partnership, on behalf of such corporation or partnership, such certificate or affidavit shall also constitute
sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of the person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 
 (c) The ownership of Securities shall be proved by the Security Register. 
 (d) If the Company shall solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or other action, the Company may, at its option, fix in advance a record date for the
determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other action, but the Company shall have no obligation to do so. Such record date shall be the later of 10 days prior to the first
solicitation of such action or the date of the most recent list of Holders furnished to the Trustee pursuant to Section 7.01. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other
action may be given before or after the record date, but only the Holders of record at the close of business on the record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Securities
outstanding have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other action, and for that purpose the Securities outstanding shall be computed as of the record date; provided
that no such authorization, agreement or consent by the Holders on the record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record date, and that no
such authorization, agreement or consent may be amended, withdrawn or revoked once given by a Holder, unless the Company shall provide for such amendment, withdrawal or revocation in conjunction with such solicitation of authorizations, agreements
or consents or unless and to the extent required by applicable law. 
  

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 (e) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder
of any Security shall bind the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of anything done or suffered to be done by the Trustee or the Company in reliance thereon
whether or not notation of such action is made upon such Security. 
 Section 1.05. Notices, etc., to Trustee and Company. Any request, demand,
authorization, direction, notice, consent, waiver or Act of Securityholders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with: 
 (a) the Trustee by any Securityholder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing to
or with the Trustee at its Corporate Trust Office, Attention: Securities Servicing; or 
 (b) the Company by the Trustee or by any
Securityholder shall be sufficient for every purpose hereunder (except as provided in Section 5.01(a)(4) or, in the case of a request for repayment, as specified in the Security carrying the right to repayment) if in writing and mailed,
first-class postage prepaid, to the Company addressed to it at the address of its principal office specified in the first paragraph of this instrument, Attention: Treasurer, or at any other address previously furnished in writing to the Trustee by
the Company. 
 Section 1.06. Notices to Securityholders; Waiver. 
 (a) Where this Indenture or any Security provides for notice to Securityholders of any event, such notice shall be sufficiently given (unless otherwise herein or in such Security expressly provided) if in writing and
mailed, first-class postage prepaid, to each Securityholder affected by such event, at his address as it appears in the Security Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such
notice. In any case where notice to Securityholders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Securityholder shall affect the sufficiency of such notice with respect to other
Securityholders. Where this Indenture or any Security provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of
such notice. Waivers of notice by Securityholders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 
 (b) In case, by reason of the suspension of regular mail service as a result of a strike, work stoppage or otherwise, it shall be impractical to mail
notice of any event to any Securityholder when such notice is required to be given pursuant to any provision of this Indenture, then any method of notification as shall be satisfactory to the Trustee and the Company shall be deemed to be a
sufficient giving of such notice. 
  

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 Section 1.07. Conflict with Trust Indenture Act. 
 If and to the extent that any provision hereof limits, qualifies or conflicts with the duties imposed by, or with another provision (an “incorporated
provision”) included in this Indenture by operation of, any of Sections 310 to 318, inclusive, of the Trust Indenture Act, such imposed duties or incorporated provision shall control. 
 Section 1.08. Effect of Headings and Table of Contents. 
 The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 
 Section 1.09. Successors and Assigns. 
 All covenants and agreements in this Indenture by the Company shall bind its
respective successors and assigns, whether so expressed or not. 
 Section 1.10. Separability Clause. 
 In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby. 
 Section 1.11. Benefits of Indenture. 
 Nothing in this Indenture or in any Securities, express or implied, shall give to any Person, other than the parties hereto and their successors
hereunder, any Authenticating Agent or Paying Agent, the Security Registrar and the Holders of Securities (or such of them as may be affected thereby), any benefit or any legal or equitable right, remedy or claim under this Indenture. 
 Section 1.12. Governing Law. 
 This Indenture
shall be construed in accordance with and governed by the laws of the State of New York. 
 Section 1.13. Counterparts. 
 This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts
shall together constitute but one and the same instrument. 
 Section 1.14. 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 premium or interest, if any, on the Securities of any series (the “Required Currency”) into a currency in which a judgment will be 

  

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rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the
Trustee could purchase in the City of New York the Required Currency with the Judgment Currency on the New York Banking Day preceding that on which a final unappealable judgment is given 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. For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a legal holiday in the City of
New York or a day on which banking institutions in the City of New York are authorized or required by law or executive order to close. 
 ARTICLE TWO 
 SECURITY FORMS 
 Section 2.01. Forms Generally. 
 (a) The Securities shall have such appropriate insertions, omissions, substitutions and
other variations as are required or permitted by this Indenture and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon, as may be required to comply with the rules of any securities
exchange, or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution of the Securities. Any portion of the text of any Security may be set forth on the reverse thereof, with an
appropriate reference thereto on the face of the Security. 
 (b) The definitive Securities shall be printed, lithographed or engraved or
produced by any combination of these methods on steel engraved borders or may be produced in any other manner, all as determined by the officers executing such Securities, as evidenced by their execution of such Securities, subject, with respect to
the Securities of any series, to the rules of any securities exchange on which such Securities are listed. 
 Section 2.02. Forms of Securities.

 Each Security shall be in one of the forms approved from time to time by or pursuant to a Board Resolution, or established in one or more
indentures supplemental hereto. Prior to the delivery of a Security to the Trustee for authentication in any form approved by or pursuant to a Board Resolution, the Company shall deliver to the Trustee the Board Resolution by or pursuant to which
such form of Security has been approved, which Board Resolution shall have attached thereto a true and correct copy of the form of Security which has been approved thereby or, if a Board Resolution authorizes a specific officer or officers to
approve a form of Security, a certificate of such officer or officers approving the form of Security attached thereto. Any form of Security approved by or pursuant to a Board Resolution must be acceptable as to 

  

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form to the Trustee, such acceptance to be evidenced by the Trustee’s authentication of Securities in that form or a certificate signed by a Responsible
Officer of the Trustee and delivered to the Company. 
 Section 2.03. Form of Trustee’s Certificate of Authentication. 
 The form of Trustee’s Certificate of Authentication for any Security issued pursuant to this Indenture shall be substantially as follows: 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	The Bank of New York Mellon, as Trustee,
		
	by	 	  

		 	Authorized Signatory
		
	Dated	 	

 Section 2.04. Securities Issuable in the Form of a Global Security. 
 (a) If the Company shall establish pursuant to Sections 2.02 and 3.01 that the Securities of a particular series are to be issued in whole or in part
in the form of one or more Global Securities, then the Company shall execute and the Trustee or its agent shall, in accordance with Section 3.03 and the Company Order delivered to the Trustee or its agent thereunder, authenticate and deliver,
such Global Security or Securities, which (i) shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, the Outstanding Securities of such series to be represented by such Global Security or Securities,
or such portion thereof as the Company shall specify in a Company Order, (ii) shall be registered in the name of the Depository for such Global Security or Securities or its nominee, (iii) shall be delivered by the Trustee or its agent to
the Depository or pursuant to the Depository’s instruction and (iv) shall bear a legend substantially to the following effect: “Unless this certificate is presented by an authorized representative of the Depository to Issuer or its
agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of the nominee of the Depository or in such other name as is requested by an authorized representative of the Depository (and any payment
is made to the nominee of the Depository or to such other entity as is requested by an authorized representative of the Depository), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, the nominee of the Depository, has an interest herein.” 
 (b) Notwithstanding any other provision of this
Section 2.04 or of Section 3.05, and subject to the provisions of paragraph (c) below, unless the terms of a Global Security expressly permit such Global Security to be exchanged in whole or in part for individual Securities, a Global
Security may be transferred, in whole but not in part and in the manner 

  

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provided in Section 3.05, only to a nominee of the Depository for such Global Security, or to the Depository, or a successor Depository for such Global
Security selected or approved by the Company, or to a nominee of such successor Depository. 
 (c) (1) If at any time the Depository for a
Global Security notifies the Company that it is unwilling or unable to continue as Depository for such Global Security or if at any time the Depository for the Securities for such series shall no longer be eligible or in good standing under the
Exchange Act or other applicable statute or regulation, the Company shall appoint a successor Depository with respect to such Global Security. If a successor Depository for such Global Security is not appointed by the Company within 90 days after
the Company receives such notice or becomes aware of such ineligibility, the Company will execute, and the Trustee or its agent, upon receipt of a Company Request for the authentication and delivery of individual Securities of such series in
exchange for such Global Security, will authenticate and deliver, individual Securities of such series of like tenor and terms in an aggregate principal amount equal to the principal amount of the Global Security in exchange for such Global
Security. 
 (2) The Company may at any time and in its sole discretion determine that the Securities of any series or portion
thereof issued or issuable in the form of one or more Global Securities shall no longer be represented by such Global Security or Securities. In such event the Company will execute, and the Trustee, upon receipt of a Company Request for the
authentication and delivery of individual Securities of such series in exchange in whole or in part for such Global Security, will authenticate and deliver individual Securities of such series of like tenor and terms in definitive form in an
aggregate principal amount equal to the principal amount of such Global Security or Securities representing such series or portion thereof in exchange for such Global Security or Securities. 
 (3) If specified by the Company pursuant to Sections 2.02 and 3.02 with respect to Securities issued or issuable in the form of a
Global Security, the Depository for such Global Security may surrender such Global Security in exchange in whole or in part for individual Securities of such series of like tenor and terms in definitive form on such terms as are acceptable to the
Company and such Depository. Thereupon the Company shall execute, and the Trustee or its agent shall authenticate and deliver, without service charge, (1) to each Person specified by such Depository a new Security or Securities of the same
series of like tenor and terms and of any authorized denomination as requested by such Person in aggregate principal amount equal to and in exchange for such Person’s beneficial interest as specified by such Depository in the Global Security;
and (2) to such Depository a new Global Security of like tenor and terms and in an authorized denomination equal to the difference, if any, between the principal amount of the surrendered Global Security and the aggregate principal amount of
Securities delivered to Holders thereof. 
 (4) In any exchange provided for in any of the preceding three paragraphs, the
Company will execute and the Trustee or its agent will authenticate and deliver individual Securities in definitive registered form in authorized denominations. Upon the exchange of the entire principal amount of a Global Security for individual
Securities, 

  

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such Global Security shall be canceled by the Trustee or its agent. Except as provided in the preceding paragraph, Securities issued in exchange for a Global
Security pursuant to this Section shall be registered in such names and in such authorized denominations as the Depository for such Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the
Trustee or the Security Registrar. The Trustee or the Security Registrar shall deliver at its Corporate Trust Office such Securities to the Persons in whose names such Securities are so registered. 
 ARTICLE THREE 
 THE SECURITIES 

 Section 3.01. General Title; General Limitations; Issuable in Series; Terms of Particular Series. 
 (a) The aggregate principal amount of Securities which may be authenticated and delivered and Outstanding under this Indenture is not limited. 

(b) The Securities may be issued in one or more series as from time to time may be authorized by the Board of Directors. There shall be established in
or pursuant to a Board Resolution or in a supplemental indenture, subject to Section 3.11, prior to the issuance of Securities of any such series: 
 (1) the title of the Securities of such series (which shall distinguish the Securities of such series from Securities of any other series); 
 (2) the Person to whom any interest on a Security of such series shall be payable, if other than the Person in whose name that Security
(or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; 
 (3) the date or dates on which the principal of the Securities of such series is payable; 
 (4) the rate or rates at
which the Securities of such series shall bear interest, if any, the date or dates from which such interest shall accrue, the Interest Payment Dates on which any such interest shall be payable and the Regular Record Date for any interest payable on
any Interest Payment Date; 
 (5) the place or places where the principal of and any premium and interest on Securities of
such series shall be payable, where any of such Securities that are issued in registered form may be surrendered for registration, transfer or exchange, and where any such Securities may be surrendered for conversion or exchange; 
 (6) the period or periods within which the Redemption Price or Prices or the Repayment Price or Prices, as the case may be, at which and
the terms and conditions upon which Securities of such series may be redeemed or repaid, as the case may be, in whole or in part, at the option of the Company or the Holder; 
  

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 (7) the obligation, if any, of the Company to purchase Securities of such series pursuant
to any sinking fund or analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of such series shall be purchased, in whole or
in part, pursuant to such obligation; 
 (8) if other than denominations of $1,000 and any integral multiple thereof, the
denominations in which Securities of such series shall be issuable; 
 (9) if other than U.S. dollars, the currency or
currencies or units based on or related to currencies in which the Securities of such series shall be denominated and in which payments of principal of, and any premium and interest on, such Securities shall or may be payable; 
 (10) if the principal of (and premium, if any) or interest, if any, on the Securities of such series are to be payable, at the election of
the Company or a Holder thereof, in a coin or currency (including a composite currency) other than that in which the Securities are stated to be payable, the period or periods within which, and the terms and conditions upon which, such election may
be made; 
 (11) if the amount of payments of principal of (and premium, if any) or interest, if any, on the Securities of
such series may be determined with reference to an index based on a coin or currency (including a composite currency) other than that in which the Securities are stated to be payable, the manner in which such amounts shall be determined; 

(12) any limit upon the aggregate principal amount of the Securities of such series which may be authenticated and delivered under this
Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of such series pursuant to Sections 3.04, 3.05, 3.06, 9.06 and 11.07 and except for any
Securities which, pursuant to Section 3.03, are deemed never to have been authenticated and delivered hereunder); 
 (13)
provisions, if any, with regard to the exchange of Securities of such series, at the option of the Holders thereof, for other Securities of the same series of the same aggregate principal amount or of a different authorized series or different
authorized denomination or denominations, or both; 
 (14) provisions, if any, with regard to the appointment by the Company
of an Authenticating Agent in one or more places other than the location of the office of the Trustee with power to act on behalf of the Trustee and subject to its direction in the authentication and delivery of the Securities of any one or more
series in connection with such transactions as shall be specified in the provisions of this Indenture or in or pursuant to such Board Resolution or supplemental indenture; 
 (15) the portion of the principal amount of Securities of the series, if other than the principal amount thereof, which shall be payable
upon declaration of acceleration of the Maturity thereof pursuant to Section 5.02 or provable in bankruptcy pursuant to Section 5.04; 
  

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 (16) any Event of Default with respect to the Securities of such series, if not set forth
herein, and any additions, deletions or other changes to the Events of Default set forth herein that shall be applicable to the Securities of such series; 
 (17) any covenant solely for the benefit of the Securities of such series and any additions, deletions or other changes to the provisions of Article Ten or Section 1.01 or any definitions relating to such
Article that would otherwise be applicable to the Securities of such series; 
 (18) if Section 4.03 of this Indenture
shall not be applicable to the Securities of such series and if Section 4.03 shall be applicable to any covenant or Event of Default established in or pursuant to a Board Resolution or in a supplemental indenture as described above that has not
already been established herein; 
 (19) if the Securities of such series shall be issued in whole or in part in the form of a
Global Security or Securities, the terms and conditions, if any, upon which such Global Security or Securities may be exchanged in whole or in part for other individual Securities; and the Depository for such Global Security or Securities; and

 (20) any other terms of such series; 
 all upon such terms as may be determined in or pursuant to such Board Resolution or supplemental indenture with respect to such series. 
 (c) The form of the Securities of each series shall be established pursuant to the provisions of this Indenture, in or pursuant to the Board Resolution or in the supplemental indenture creating such series. The Securities of each series
shall be distinguished from the Securities of each other series in such manner, reasonably satisfactory to the Trustee, as the Board of Directors may determine. 
 (d) Unless otherwise provided with respect to Securities of a particular series, the Securities of any series may only be issuable in registered form, without coupons. 
 (e) Unless otherwise provided in the Board Resolution or supplemental indenture relating to the issuance of Securities of any series, interest on
Outstanding Securities of such series shall be paid to holders of record on the date that is 15 days prior to the date such interest is to be paid, or, if not a Business Day, the next preceding Business Day. 
 (f) Unless otherwise provided in the Board Resolution or supplemental indenture relating to the issuance of Securities of any series, such Securities
shall be direct unsecured obligations of the Company and shall rank equally with the Company’s other unsecured and unsubordinated indebtedness. 
  

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 (g) Any terms or provisions in respect of the Securities of any series issued under this Indenture may be
determined pursuant to this Section by providing for the method by which such terms or provisions shall be determined. 
 Section 3.02. Denominations.

 The Securities of each series shall be issuable in such denominations and currency as shall be provided in the provisions of this Indenture
or in or pursuant to the Board Resolution or the supplemental indenture creating such series. In the absence of any such provisions with respect to the Securities of any series, the Securities of that series shall be issuable only in fully
registered form in denominations of $1,000 and any integral multiple thereof. 
 Section 3.03. Execution, Authentication and Delivery and Dating.

 (a) The Securities shall be executed on behalf of the Company by any of its Chairman of the Board, its Chief Executive Officer, its
President, its Chief Operating Officer, its Chief Financial Officer, General Counsel, one of its Vice Presidents or its Treasurer, its Assistant Treasurer, its Controller or its Assistant Controller and attested by its Secretary or one of its
Assistant Secretaries. The signature of any of these officers on the Securities may be manual or facsimile. 
 (b) Securities bearing the
manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and
delivery of such Securities or did not hold such offices at the date of such Securities. 
 (c) At any time and from time to time after the
execution and delivery of this Indenture, the Company may deliver Securities executed by the Company to the Trustee for authentication; and the Trustee shall, upon Company Order, authenticate and deliver such Securities as in this Indenture provided
and not otherwise. 
 (d) Prior to any such authentication and delivery, the Trustee shall be provided with, in addition to any
Officers’ Certificate and Opinion of Counsel required to be furnished to the Trustee pursuant to Section 1.02, and the Board Resolution and any certificate relating to the issuance of the series of Securities required to be furnished
pursuant to Section 2.02, an Opinion of Counsel stating that: 
 (1) all instruments furnished to the Trustee conform to
the requirements of the Indenture and constitute sufficient authority hereunder for the Trustee to authenticate and deliver such Securities; 
 (2) the form and terms of such Securities have been established in conformity with the provisions of this Indenture; 
 (3) all laws and requirements with respect to the execution and delivery by the Company of such Securities have been complied with, the Company has the corporate power to issue such Securities and such Securities have
been duly authorized and delivered by the Company and, assuming due authentication and delivery by the Trustee, 

  

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constitute legal, valid and binding obligations of the Company enforceable in accordance with their terms (subject, as to enforcement of remedies, to
applicable bankruptcy, reorganization, insolvency, moratorium or other laws and legal principles affecting creditors’ rights generally from time to time in effect and to general equitable principles, whether applied in an action at law or in
equity) and entitled to the benefits of this Indenture, equally and ratably with all other Securities, if any, of such series Outstanding; 
 (4) the Indenture is qualified under the Trust Indenture Act; and 
 (5) such other matters as
the Trustee may reasonably request; 
 and, if the authentication and delivery relates to a new series of Securities created by an indenture supplemental
hereto, also stating that all laws and requirements with respect to the form and execution by the Company of the supplemental indenture with respect to that series of Securities have been complied with, the Company has corporate power to execute and
deliver any such supplemental indenture and has taken all necessary corporate action for those purposes and any such supplemental indenture has been duly executed and delivered and constitutes the legal, valid and binding obligation of the Company
enforceable in accordance with its terms (subject, as to enforcement of remedies, to applicable bankruptcy, reorganization, insolvency, moratorium or other laws and legal principles affecting creditors’ rights generally from time to time in
effect and to general equitable principles, whether applied in an action at law or in equity). 
 (e) The Trustee shall not be required to
authenticate such Securities if the issue thereof will adversely affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture. 
 (f) Unless otherwise provided in the form of Security for any series, all Securities shall be dated the date of their authentication. 
 (g) No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a certificate of authentication substantially in the form provided
for herein executed by the Trustee by manual or facsimile signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder. Notwithstanding
the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 3.09, 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 3.04. Temporary Securities. 
 (a) Pending the preparation of definitive Securities of any
series, the Company may execute, and, upon receipt of the documents required by Section 3.03, together with a Company Order, the Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed, typewritten or
otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers
executing such Securities may determine, as evidenced by their execution of such Securities. 
  

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 (b) If temporary Securities of any series are issued, the Company will cause definitive Securities of
such series to be prepared without unreasonable delay. After the preparation of definitive Securities, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities
of such series at the office or agency of the Company in a Place of Payment, without charge to the Holder; and upon surrender for cancellation of any one or more temporary Securities the Company shall execute and the Trustee shall authenticate and
deliver in exchange therefor a like principal amount of definitive Securities of such series of authorized denominations and of like tenor and terms. Until so exchanged the temporary Securities of such series shall in all respects be entitled to the
same benefits under this Indenture as definitive Securities of such series. 
 Section 3.05. Registration, Transfer and Exchange. 
 (a) The Company shall keep or cause to be kept a register or registers (herein sometimes referred to as the “Security Register”) in
which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Securities, or of Securities of a particular series, and of transfers of Securities or of Securities of such series. Any such
register shall be in written form or in any other form capable of being converted into written form within a reasonable time. At all reasonable times the information contained in such register or registers shall be available for inspection by the
Trustee at the office or agency to be maintained by the Company as provided in Section 10.02. There shall be only one Security Register per series of Securities. 
 (b) Subject to Section 2.04, upon surrender for registration of transfer of any Security of any series at the office or agency of the Company maintained for such purpose in a Place of Payment, 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 and Stated Maturity and
of like tenor and terms. 
 (c) Subject to Section 2.04, at the option of the Holder, Securities of any series may be exchanged for
other Securities of such series of any authorized denominations, of a like aggregate principal amount and Stated Maturity and of like tenor and terms, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities
are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities which the Securityholder making the exchange is entitled to receive. 
 (d) All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company, evidencing the same
debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 
 (e) Every Security presented or surrendered for registration of transfer or exchange shall (if so required by the Company or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the
Company and the Trustee duly executed, by the Holder thereof or his attorney duly authorized in writing. 
  

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 (f) Unless otherwise provided in the Security to be registered for transfer or exchanged, no service
charge shall be made on any Securityholder for any registration of transfer or exchange of Securities, but the Company may (unless otherwise provided in such Security) require payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 3.04, 9.06 or 11.07 not involving any transfer. 
 (g) The Company shall not be required (i) to issue, register the transfer of or exchange any Security of any series during a period beginning at the
opening of business 15 days before the day of the mailing of a notice of redemption of Securities of such series selected for redemption under Section 11.03 and ending at the close of business on the date of such mailing, or (ii) to
register the transfer of or exchange any Security so selected for redemption in whole or in part. 
 (h) None of the Company, the Trustee,
any agent of the Trustee, any Paying Agent or the Security Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Security or for
maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
 Section 3.06. Mutilated, Destroyed, Lost and
Stolen Securities. 
 (a) If (i) any mutilated Security is surrendered to the Trustee, or the Company and the Trustee receive
evidence to their satisfaction of the destruction, loss or theft of any Security, and (ii) there is delivered to the Company and the Trustee such security or indemnity as may be required by them to save each of them harmless, then, in the
absence of notice to the Company or the Trustee that such Security has been acquired by a protected purchaser, the Company shall execute and upon its written request the Trustee shall authenticate and deliver, in exchange for or in lieu of any such
mutilated, destroyed, lost or stolen Security, a new Security of like tenor, series, Stated Maturity and principal amount, bearing a number not contemporaneously outstanding. 
 (b) In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion may,
instead of issuing a new Security, pay such Security. 
 (c) Upon the issuance of any new Security under this Section, the Company may
require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 
 (d) Every new Security issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an original additional
contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other
Securities of the same series duly issued hereunder. 
  

 24 

 (e) The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other
rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 
 Section 3.07. Payment of
Interest; Interest Rights Preserved. 
 (a) Unless otherwise provided with respect to such Security pursuant to Section 3.01,
interest on any Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of
business on the Regular Record Date for such interest. 
 (b) Any interest on any Security which is payable, but is not punctually paid or
duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of his having been such Holder; and,
except as hereinafter provided, such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or Clause (2) below: 
 (1) 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 such Security and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of
such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted
Interest as in this Clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 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 therefor to be mailed, first class postage prepaid, to the Holder of each such Security at his 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 mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Securities (or their respective
Predecessor Securities) are registered on such Special Record Date and shall no longer be payable pursuant to the following Clause (2). 
  

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 (2) The Company may make payment of any Defaulted Interest in any other lawful manner not
inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to
this Clause, such manner of payment shall be deemed practicable by the Trustee. 
 (c) If any installment of interest the Stated Maturity of
which is on or prior to the Redemption Date for any Security called for redemption pursuant to Article Eleven is not paid or duly provided for on or prior to the Redemption Date in accordance with the foregoing provisions of this Section, such
interest shall be payable as part of the Redemption Price of such Securities. 
 (d) Subject to the foregoing provisions of this Section,
each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security.

 Section 3.08. Persons Deemed Owners. 
 (a) The Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name any Security is registered as the owner of such Security for the purpose of receiving payment of principal of (and premium, if any),
and (subject to Section 3.07) interest on, such Security and for all other purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by
notice to the contrary. 
 (b) None of the Company, the Trustee, any Paying Agent or the Security Registrar will have any responsibility or
liability for any aspect of the records relating to or payments made on account of beneficial ownership interests in a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests.

 Section 3.09. Cancellation. 
 All
Securities surrendered for payment, redemption, registration of transfer, exchange or credit against a sinking fund shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, shall be
promptly canceled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so
delivered shall be promptly canceled by the Trustee. No Security shall be authenticated in lieu of or in exchange for any Securities canceled as provided in this Section, except as expressly permitted by this Indenture. The Trustee shall dispose of
all canceled Securities in accordance with its standard procedures and deliver a certificate of such disposition to the Company upon its written request therefor. 
  

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 Section 3.10. Computation of Interest. 
 Unless otherwise provided as contemplated in Section 3.01, interest on the Securities shall be calculated on the basis of a 360-day year of twelve
30-day months. 
 Section 3.11. Delayed Issuance of Securities. 
 (a) Notwithstanding any contrary provision herein, if all Securities of a series are not to be originally issued at one time, it shall not be necessary for the Company to deliver to the Trustee an Officers’
Certificate, Board Resolution, supplemental indenture, opinion of counsel or Company Order otherwise required pursuant to Sections 1.02, 2.02, 3.01 and 3.03 at or prior to the time of authentication of each Security of such series if such
documents are delivered to the Trustee or its agent at or prior to the authentication upon original issuance of the first Security of such series to be issued; provided that any subsequent request by the Company to the Trustee to authenticate
Securities of such series upon original issuance shall constitute a representation and warranty by the Company that as of the date of such request, the statements made in the Officers’ Certificate or other certificates delivered pursuant to
Sections 1.02 and 2.02 shall be true and correct as if made on such date. 
 (b) A Company Order, Officers’ Certificate or Board
Resolution or supplemental indenture delivered by the Company to the Trustee in the circumstances set forth in the preceding paragraph may provide that Securities which are the subject thereof will be authenticated and delivered by the Trustee or
its agent on original issue from time to time in the aggregate principal amount, if any, established for such series pursuant to such procedures acceptable to the Trustee as may be specified from time to time by Company Order upon the telephonic,
electronic or written order of Persons designated in such Company Order, Officers’ Certificate, supplemental indenture or Board Resolution (any such telephonic or electronic instructions to be promptly confirmed in writing by such Persons) and
that such Persons are authorized to determine, consistent with such Company Order, Officers’ Certificate, supplemental indenture or Board Resolution, such terms and conditions of said Securities as are specified in such Company Order,
Officers’ Certificate, supplemental indenture or Board Resolution. 
 ARTICLE FOUR 
 SATISFACTION AND DISCHARGE 
 Section 4.01.
Satisfaction and Discharge of Indenture. 
 (a) This Indenture shall cease to be of further effect with respect to any series of
Securities (except as to any surviving rights of registration of transfer or exchange of Securities of such series expressly provided for herein or in the form of Security for such series), and the Trustee, on receipt of a Company Request and at the
expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture as to such series, when: 
 (1) either 
  

 27 

 (i) all Securities of that series theretofore authenticated and delivered (other than
(A) Securities of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.06, and (B) Securities of such series for whose payment money in the Required Currency has
theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 10.03) have been delivered to the Trustee canceled or for
cancellation; or 
 (ii) all such Securities of that series not theretofore delivered to the Trustee canceled or for
cancellation: 
  

	 	(A)	have become due and payable, or 

  

	 	(B)	will become due and payable at their Stated Maturity within one year, or 

  

	 	(C)	are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense,
of the Company, 

 and the Company, in the case of sub-clause (A), (B) or (C) above, has irrevocably deposited or
caused to be deposited with the Trustee as trust funds in trust for the purpose an amount in the Required Currency sufficient to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee canceled or for
cancellation, for principal (and premium, if any) and interest to the date of such deposit (in the case of Securities which have become due and payable), or to the Stated Maturity or Redemption Date, as the case may be; 
 (2) the Company has paid or caused to be paid all other sums payable hereunder by the Company with respect to the Securities of such
series; and 
 (3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each
stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture with respect to the Securities of such series have been complied with. 
 Notwithstanding the satisfaction and discharge of this Indenture with respect to any series of Securities, the obligations of the Company to the Trustee
with respect to that series under Section 6.07 shall survive and the obligations of the Company and the Trustee under Sections 3.05, 3.06, 4.02, 10.02 and 10.03 shall survive such satisfaction and discharge. 
 Section 4.02. Application of Trust Money. 
 (a)
Subject to the provisions of the last paragraph of Section 10.03, all money deposited with the Trustee pursuant to Section 4.01 or Section 4.03 shall be held in trust and applied by it, in accordance with the provisions of the series
of Securities in respect of which it was deposited and this Indenture, to the payment, either directly or through any Paying Agent 

  

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(including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any)
and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. 
 (b) Anything herein to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request any money or
securities deposited with and held by it as provided in Section 4.03 and this Section 4.02 which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to
the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect an equivalent satisfaction and discharge, Discharge (as defined below) or covenant defeasance, provided that the Trustee shall not be
required to liquidate any securities in order to comply with the provisions of this paragraph. 
 Section 4.03. Defeasance Upon Deposit of Funds or
Government Obligations. 
 Unless pursuant to Section 3.01 provision is made that this Section shall not be applicable to the
Securities of any series, at the Company’s option, either (a) the Company shall be deemed to have been Discharged (as defined below) from its obligations with respect to any series of Securities after the applicable conditions set forth
below have been satisfied or (b) the Company shall cease to be under any obligation to comply with any term, provision or condition set forth in Sections 10.05 and 10.06 (and any other Sections or covenants applicable to such Securities
that are determined pursuant to Section 3.01 to be subject to this provision), and Clause (4) of Section 5.01 of this Indenture (and any other Events of Default applicable to such Securities that are determined pursuant to
Section 3.01 to be subject to this provision) shall be deemed not to be an Event of Default with respect to any series of Securities at any time after the applicable conditions set forth below have been satisfied: 
 (a) the Company shall have deposited or caused to be deposited irrevocably with the Trustee as trust funds, specifically pledged as security for, and
dedicated solely to, the benefit of the Holders of the Securities of such series, (1) money in an amount, or (2) the equivalent in securities of the government which issued the currency in which the Securities are denominated or government
agencies backed by the full faith and credit of such government which through the payment of interest and principal in respect thereof in accordance with their terms will provide freely available funds on or prior to the due date of any payment,
money in an amount, or (3) a combination of clauses (1) and (2), sufficient, in the opinion (with respect to (2) and (3)) of a nationally recognized firm of independent public accountants expressed in a written certification
thereof delivered to the Trustee, to pay and discharge each installment of principal (including mandatory sinking fund payments) and any premium of, interest on and any repurchase or redemption obligations with respect to the outstanding Securities
of such series on the dates such installments of interest or principal or repurchase or redemption obligations are due (before such a deposit, if the Securities of such series are then redeemable or may be redeemed in the future pursuant to the
terms thereof, in either case at the option of the Company, the Company may give to the Trustee, in accordance with Section 11.02, a notice of its election to redeem all of the Securities of such series at a future date in accordance with
Article Eleven); 
  

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 (b) no Event of Default or event (including such deposit) which with notice or lapse of time would become
an Event of Default with respect to the Securities of such series shall have occurred and be continuing on the date of such deposit; 
 (c)
the Company shall have delivered to the Trustee (A) an Opinion of Counsel to the effect that Holders of the Securities of such series will not recognize income, gain or loss for Federal income tax purposes as a result of the Company’s
exercise of its option under this Section 4.03 and will be subject to Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such option had not been exercised, and, in the case of
Securities being Discharged, accompanied by a ruling to that effect from the Internal Revenue Service, unless, as set forth in such Opinion of Counsel, there has been a change in the applicable federal income tax law since the date of this Indenture
such that a ruling from the Internal Revenue Service is no longer required and (B) an Opinion of Counsel, subject to such qualifications, exceptions, assumptions and limitations as are reasonably deemed necessary by such counsel and are
reasonably satisfactory to counsel for the Trustee, to the effect that the trust resulting from the deposit referred to in paragraph (1) above does not violate the Investment Company Act of 1940; 
 (d) the Company shall have delivered to the Trustee an Officers’ Certificate stating that the deposit referred to in paragraph (1) above was
not made by the Company with the intent of preferring the Holders over other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding creditors of the Company or others; and 
 (e) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that all conditions precedent
herein provided for relating to the satisfaction and discharge of this Indenture with respect to the Securities of such series have been complied with. 
 (f) If the Company, at its option, with respect to a series of Securities, satisfies the applicable conditions pursuant to either clause (a) or (b) of the first sentence of this Section, then clause (4)
of Section 5.01 (and any other Events of Default applicable to such series of Securities that are determined pursuant to Section 3.01 to be subject to this provision) shall be deemed not to be an Event of Default with respect to such
series of Securities at any time thereafter. 
 (g) “Discharged” means that the Company shall be deemed to have paid and
discharged the entire indebtedness represented by, and obligations under, the Securities of such series and to have satisfied all the obligations under this Indenture relating to the Securities of such series (and the Trustee, on receipt of a
Company Request and at the expense of the Company, shall execute proper instruments acknowledging the same), except (1) the rights of Holders of Securities to receive, from the trust fund described in clause (a) above, payment of the
principal and any premium of and any interest on such Securities when such payments are due; (2) the Company’s obligations with respect to such Securities under Sections 3.05, 3.06, 4.02, 6.07, 10.02 and 10.03; (3) the
Company’s right of redemption, if any, with respect to any Securities of such series pursuant to Article Eleven, in which case the Company may redeem the Securities of such series in accordance with Article Eleven by complying with
such Article and depositing with the Trustee, in accordance with Section 11.05, an amount of money sufficient, 

  

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together with all amounts held in trust pursuant to Section 4.02 with respect to Securities of such series, to pay the Redemption Price of all the
Securities of such series to be redeemed; and (4) the rights, powers, trusts, duties and immunities of the Trustee hereunder. A “Discharge” shall mean the meeting by the Company of the foregoing requirements. 
 Section 4.04. Reinstatement. 
 If the Trustee or
Paying Agent is unable to apply any money or securities in accordance with Section 4.02 of this Indenture, by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or
otherwise prohibiting such application, the Company’s obligations under this Indenture and the Securities shall be revived and reinstated as though no deposit had occurred pursuant to Section 4.01 or 4.03 of this Indenture, as the case may
be, until such time as the Trustee or Paying Agent is permitted to apply all such money or securities in accordance with Section 4.02 of this Indenture; provided that, if the Company has made any payment of principal of or interest on
any Securities because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or securities held by the Trustee or Paying Agent. 
 ARTICLE FIVE 
 REMEDIES 

 Section 5.01. Events of Default. 
 (a) “Event of Default”, wherever used herein, means with respect to any series of Securities any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be
effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body), unless such event is either inapplicable to a particular series or it is
specifically deleted or modified in or pursuant to the supplemental indenture or Board Resolution creating such series of Securities or in the form of Security for such series: 
 (1) default in the payment of any interest upon any Security of that series when it becomes due and payable, and continuance of such
default for a period of 30 days; or 
 (2) default in the payment of the principal of (or premium, if any, on) any Security of
that series at its Maturity; or 
 (3) default in the payment of any sinking or purchase fund or analogous obligation when the
same becomes due by the terms of the Securities of such series; or 
 (4) default in the performance, or breach, of any
covenant or warranty of the Company in this Indenture in respect of the Securities of such series (other than a covenant or warranty in respect of the Securities of such series a default in the performance of which or the breach of which is
elsewhere in this Section specifically dealt with), all of such covenants and warranties in the Indenture which are not expressly stated to be for the benefit of a particular series of Securities being deemed in respect of 

  

 31 

 
the Securities of all series for this purpose, and continuance of such default or breach for a period of 90 days after there has been given, by registered or
certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the Outstanding Securities of such series, a written notice specifying such default or breach and
requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 
 (5) the
entry of an order for relief against the Company or any Material U.S. Subsidiary thereof under Title 11, United States Code (the “Federal Bankruptcy Act”) by a court having jurisdiction in the premises or a decree or order
by a court having jurisdiction in the premises adjudging the Company or any Material U.S. Subsidiary thereof a bankrupt or insolvent under any other applicable Federal or State law, or the entry of a decree or order approving as properly filed
a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company or any Material U.S. Subsidiary thereof under the Federal Bankruptcy Act or any other applicable Federal or State law, or appointing a
receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Company or any Material U.S. Subsidiary thereof or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and
the continuance of any such decree or order unstayed and in effect for a period of 90 consecutive days; or 
 (6) the consent
by the Company or any Material U.S. Subsidiary thereof to the institution of bankruptcy or insolvency proceedings against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under the Federal Bankruptcy
Act or any other applicable Federal or State law, or the consent by it to the filing of any such petition or to the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Company or any Material
U.S. Subsidiary thereof or of any substantial part of its property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or the
taking of corporate action by the Company or any Material U.S. Subsidiary thereof in furtherance of any such action; or 
 (7) any other Event of Default provided in the supplemental indenture or Board Resolution under which such series of Securities is issued or in the form of Security for such series. 
 Section 5.02. Acceleration of Maturity; Rescission and Annulment. 
 (a) If an Event of Default described in paragraph (1), (2), (3), (4) or (7) (if the Event of Default under paragraph (4) or (7) is with respect to less than all series of Securities then
Outstanding) of Section 5.01(a) occurs and is continuing with respect to any series, then and in each and every such case, unless the principal of all the Securities of such series shall have already become due and payable, either the Trustee
or the Holders of not less than 25% in aggregate principal amount of the Securities of such series then Outstanding hereunder (each such series acting as a separate class), by notice in writing to the Company (and to the Trustee if given by
Holders), may declare the principal amount (or, if the Securities of such series are Original Issue Discount Securities, such portion of the principal amount as may be specified in 

  

 32 

 
the terms of that series) of all the Securities of such series and all accrued interest thereon to be due and payable immediately, and upon any such
declaration the same shall become and shall be immediately due and payable, anything in this Indenture or in the Securities of such series contained to the contrary notwithstanding. If an Event of Default described in paragraph (4) or
(7) (if the Event of Default under paragraph (4) or (7) is with respect to all series of Securities then Outstanding), of Section 5.01(a) occurs and is continuing, then and in each and every such case, unless the principal of all
the Securities shall have already become due and payable, either the Trustee or the Holders of not less than 25% in aggregate principal amount of all the Securities then Outstanding hereunder (treated as one class), by notice in writing to the
Company (and to the Trustee if given by Holders), may declare the principal amount (or, if any Securities are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms thereof) of all the Securities
then Outstanding and all accrued interest thereon to be due and payable immediately, and upon any such declaration the same shall become and shall be immediately due and payable, anything in this Indenture or in the Securities contained to the
contrary notwithstanding. If an Event of Default of the type set forth in paragraph (5) or (6) of Section 5.01(a) occurs and is continuing, the principal of and any interest on the Securities then outstanding shall become immediately
due and payable. 
 (b) At any time after such a declaration of acceleration has been made with respect to the Securities of any or all
series, as the case may be, and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the outstanding Securities of such
series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if: 
 (1) the Company has paid or deposited with the Trustee a sum sufficient to pay: 
 (i) all overdue installments of
interest on the Securities of such series; and 
 (ii) the principal of (and premium, if any, on) any Securities of such
series which have become due otherwise than by such declaration of acceleration, and interest thereon at the rate or rates prescribed therefor by the terms of the Securities of such series, to the extent that payment of such interest is lawful; and

 (iii) interest upon overdue installments of interest at the rate or rates prescribed therefor by the terms of the
Securities of such series to the extent that payment of such interest is lawful; and 
 (iv) all sums paid or advanced by the
Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and all other amounts due the Trustee under Section 6.07; and 
  

 33 

 (2) all Events of Default with respect to such series of Securities, other than the
nonpayment of the principal of the Securities of such series which have become due solely by such acceleration, have been cured or waived as provided in Section 5.13. 
 No such rescission shall affect any subsequent default or impair any right consequent thereon. 
 Section 5.03. Collection of Indebtedness and Suits for Enforcement by Trustee. 
 (a) The Company covenants that if: 
 (1) default is made in the payment of any installment of
interest on any Security of any series when such interest becomes due and payable; or 
 (2) default is made in the payment of
the principal of (or premium, if any, on) any Security at the Maturity thereof; or 
 (3) default is made in the payment of
any sinking or purchase fund or analogous obligation when the same becomes due by the terms of the Securities of any series; 
 and any such default
continues for any period of grace provided with respect to the Securities of such series, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holder of any such Security (or the Holders of any such series in the case of
Clause (3) above), the whole amount then due and payable on any such Security (or on the Securities of any such series in the case of clause (3) above) for principal (and premium, if any) and interest, with interest, to the extent that
payment of such interest shall be legally enforceable, upon the overdue principal (and premium, if any) and upon overdue installments of interest, at such rate or rates as may be prescribed therefor by the terms of any such Security (or of
Securities of any such series in the case of clause (3) above); and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel and all other amounts due the Trustee under Section 6.07. 
 (b) If the Company
fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to
judgment or final decree, and may enforce the same against the Company or any other obligor upon the Securities of such series and collect the money adjudged or decreed to be payable in the manner provided by law out of the property of the Company
or any other obligor upon such Securities, wherever situated. 
 (c) If an Event of Default with respect to any series of Securities occurs
and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the 
  

 34 

 (d) Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific
enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 
 Section 5.04. Trustee May File Proofs of Claim. 
 (a) In case of the pendency of any receivership, insolvency,
liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors,
the Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment
of overdue principal or interest) shall be entitled and empowered, by intervention in such proceedings or otherwise: 
 (1) to
file and prove a claim for the whole amount of principal (or portion thereof determined pursuant to Section 3.01(b)(16) to be provable in bankruptcy) (and premium, if any) and interest owing and unpaid in respect of the Securities and to file
such other papers or documents as may be necessary and 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 all
other amounts due the Trustee under Section 6.07) and of the Securityholders allowed in such judicial proceeding; and 
 (2) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; 
 and any receiver,
assignee, trustee, liquidator, sequestrator (or other similar official) in any such judicial proceeding is hereby authorized by each Securityholder to make such payment to the Trustee and in the event that the Trustee shall consent to the making of
such payments directly to the Securityholders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 6.07. 
 (b) Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on
behalf of any Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Securityholder in any
such proceeding. 
 Section 5.05. Trustee May Enforce Claims Without Possession of Securities. 
 All rights of action and claims under this Indenture or the Securities of any series may be prosecuted and enforced by the Trustee without the possession
of any of the Securities of such series or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment
shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agent and counsel and any other amounts due the Trustee under Section 6.07, be for the ratable benefit of the
Holders of the Securities of the series in respect of which such judgment has been recovered. 
  

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 Section 5.06. Application of Money Collected. 
 Any money collected by the Trustee with respect to a series of Securities pursuant to this Article shall be applied in the following order, at the date or
dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any) or interest, upon presentation of the Securities of such series and the notation thereon of the payment if only partially paid and
upon surrender thereof if fully paid: 
 FIRST: To the payment of all amounts due the Trustee under Section 6.07.

 SECOND: To the payment of the amounts then due and unpaid upon the Securities of that series for principal (and premium, if
any) and interest, in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal (and premium, if any)
and interest, respectively. 
 THIRD: To the Company. 
 Section 5.07. Limitation on Suits. 
 No Holder of any Security of any series shall have any right
to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 
 (a) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to Securities of such series; 

(b) the Holders of not less than 25% in principal amount of the outstanding Securities of such series shall have made written request to the Trustee
to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 
 (c) such Holder or Holders have offered
to the Trustee indemnity reasonably satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such request; 
 (d) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and 
 (e) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities of such series; 

  

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it being understood and intended that no one or more Holders of Securities of such series shall have any right in any manner whatever by virtue of, or by
availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other Holders of Securities of such series, or to obtain or to seek to obtain priority or preference over any other such Holders or to enforce any right
under this Indenture, except in the manner herein provided and for the equal and proportionate benefit of all the Holders of all Securities of such series. 
 Section 5.08. Unconditional Right of Securityholders to Receive Principal, Premium and Interest. 
 Notwithstanding any
other provisions in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of (and premium, if any) and (subject to Section 3.07) interest on such Security on
the respective Stated Maturities expressed in such Security (or, in the case of redemption or repayment, on the Redemption Date or Repayment Date, as the case may be) and to institute suit for the enforcement of any such payment, and such right
shall not be impaired without the consent of such Holder. 
 Section 5.09. Restoration of Rights and Remedies. 
 If the Trustee or any Securityholder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been
discontinued or abandoned for any reason, then and in every such case the Company, the Trustee and the Securityholders shall, subject to any determination in such proceeding, be restored severally and respectively to their former positions
hereunder, and thereafter all rights and remedies of the Trustee and the Securityholders shall continue as though no such proceeding had been instituted. 
 Section 5.10. Rights and Remedies Cumulative. 
 No right or remedy herein conferred upon or reserved to the Trustee or
to the Securityholders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter
existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
 Section 5.11. Delay or Omission Not Waiver. 
 No
delay or omission of the Trustee or of any Holder of any Security to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence
therein. Every right and remedy given by this Article or by law to the Trustee or to the Securityholders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Securityholders, as the case may be.

  

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 Section 5.12. Control by Securityholders. 
 The Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of
conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series, provided that: 
 (a) the Trustee shall have the right to decline to follow any such direction if the Trustee, being advised by counsel, determines that the action so
directed may not lawfully be taken or would conflict with this Indenture or if the Trustee in good faith shall, by a Responsible Officer, determine that the proceedings so directed would involve it in personal liability or be unjustly prejudicial to
the Holders not taking part in such direction, and 
 (b) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction. 
 Section 5.13. Waiver of Past Defaults. 
 The Holders of not less than a majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of all the Securities
of such series waive any past default or Event of Default hereunder with respect to such series and its consequences, except a default not theretofore cured: 
 (a) in the payment of the principal of (or premium, if any) or interest on any of the Securities of such series, or in the payment of any sinking or purchase fund or analogous obligation with respect to the Securities
of such series, or 
 (b) in respect of a covenant or provision hereof which under Article Nine cannot be modified or amended without
the consent of the Holder of each Outstanding Security of such series. 
 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 5.14. Undertaking for Costs. 
 All
parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or
in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs,
including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply
to any suit instituted by the Trustee, to any suit instituted by any Securityholder, or group of Securityholders, holding in the aggregate more than 10% in principal amount of the Outstanding 

  

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Securities of any series to which the suit relates, or to any suit instituted by any Securityholder for the enforcement of the payment of the principal of
(or premium, if any) or interest on a Security on or after the respective Stated Maturities expressed in such Security (or, in the case of redemption or repayment, on or after the Redemption Date or Repayment Date, as the case may be). 

Section 5.15. Waiver of Stay or Extension Laws. 
 The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or
at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it
will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 
 ARTICLE SIX 
 THE TRUSTEE 
 Section 6.01. Certain Duties and Responsibilities. 
 (a) Except during the continuance of an Event of Default with respect to any series of Securities: 
 (i) the Trustee
undertakes to perform such duties and only such duties as are specifically set forth in this Indenture with respect to the Securities of such series, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and

 (ii) in the absence of bad faith on its part, the Trustee may, with respect to Securities of such series, conclusively
rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or
opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture (but need not
confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 
 (b) In case an Event of Default with
respect to any series of Securities has occurred and is continuing, the Trustee shall exercise with respect to the Securities of such series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in
their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. 
  

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 (c) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own
negligent action, its own negligent failure to act, or its own willful misconduct, except that: 
 (i) this Subsection shall
not be construed to limit the effect of Subsection (a) of this Section; 
 (ii) the Trustee shall not be liable for any
error of judgment made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 
 (iii) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the
direction of the Holders of a majority in principal amount of the Outstanding Securities of any series relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power
conferred upon the Trustee, under this Indenture with respect to the Securities of such series; and 
 (iv) no provision of
this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable
grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 
 (d) Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 

Section 6.02. Notice of Defaults. 
 Within 90
days after the occurrence of any default hereunder with respect to Securities of any series, the Trustee shall transmit by mail to all Securityholders of such series, as their names and addresses appear in the Security Register, notice of such
default hereunder known to the Trustee, unless such default shall have been cured or waived; provided, however, that, except in the case of a default in the payment of the principal of (or premium, if any) or interest on any Security of such
series or in the payment of any sinking or purchase fund installment or analogous obligation with respect to Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive
committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Securityholders of such series; and provided, further, that in the case of
any default of the character specified in Section 5.01(a)(4) with respect to Securities of such series no such notice to Securityholders of such series shall be given until at least 90 days after the occurrence thereof. For the purpose of this
Section, the term “default”, with respect to Securities of any series, means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to Securities of such series. 
  

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 Section 6.03. Certain Rights of Trustee. 
 Except as otherwise provided in Section 6.01: 
 (a) the Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture or
other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 
 (b) any request
or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 
 (c) whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking,
suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officers’ Certificate; 
 (d) the Trustee may consult with counsel and the written advice of such counsel and Opinion of Counsel shall be full and complete authorization and
protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 
 (e) the Trustee
shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Securityholders pursuant to this Indenture, unless such Securityholders shall have offered to the Trustee
security or indemnity reasonably satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 
 (f) the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the
Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney; 
 (g) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys
and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 
 (h) the Trustee shall not be charged with knowledge of any default (as defined in Section 6.02) or Event of Default with respect to the Securities of any series for which it is acting as Trustee unless either
(1) a Responsible Officer of the Trustee assigned to the Corporate Trust Department of the Trustee (or any successor division or department of the Trustee) 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 Trustee by the Company or any other obligor on such Securities or by any Holder of such Securities; 
  

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 (i) the Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and
believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; and 
 (j) 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. 
 Section 6.04. Not Responsible for Recitals or Issuance of Securities. 
 The recitals contained herein and in the Securities, except the certificates of authentication, shall be taken as the statements of the Company, and the
Trustee assumes no responsibility for their correctness. The Trustee shall not be responsible for and makes no representations as to the validity or sufficiency of this Indenture or of the Securities. The Trustee shall not be accountable for any
statement in the Securities or any other document in connection with the Securities other that its certificate of authentication or the use or application by the Company of Securities or the proceeds thereof. The Trustee shall not be responsible for
the use or application of any money received by any Paying Agent other than the Trustee. 
 Section 6.05. May Hold Securities. 
 The Trustee, any Authenticating Agent, any Paying Agent, the Security Registrar, or any other agent of the Company, in its individual or any other
capacity, may become the owner or pledgee of Securities and, subject to Sections 6.08 and 6.13, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security
Registrar or such other agent. 
 Section 6.06. Money Held in Trust. 
 Subject to the provisions of Section 10.03 hereof, all moneys in any currency or currency received by the Trustee shall, until used or applied as
herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money received by it
hereunder except as otherwise agreed in writing with the Company. 
 Section 6.07. Compensation and Reimbursement. 
 The Company agrees: 
 (a) to pay to the
Trustee from time to time reasonable compensation for all services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 
  

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 (b) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all
reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such
expense, disbursement or advance as shall be determined to have been caused by its own negligence or bad faith; and 
 (c) to indemnify the
Trustee for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of this trust, including the costs and expenses
of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. 
 As security for the performance of the obligations of the Company under this Section the Trustee shall have a lien prior to the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for
the payment of principal of (and premium, if any) or interest on particular Securities. 
 When the Trustee incurs expenses or renders
services in connection with an Event of Default specified in Section 5.01(a)(5) or (6), the expenses and the compensation for the services are intended to constitute expenses of administration under any bankruptcy law. 
 The Company’s obligations under this Section 6.07 and any lien arising hereunder shall survive the resignation or removal of any Trustee, the
discharge of the Company’s obligations pursuant to Article Nine of this Indenture and/or the termination of this Indenture. 
 Section 6.08.
Disqualification; Conflicting Interests. 
 The Trustee for the Securities of any series issued hereunder shall be subject to the
provisions of Section 310(b) of the Trust Indenture Act during the period of time provided for therein. In determining whether the Trustee has a conflicting interest as defined in Section 310(b) of the Trust Indenture Act with respect to
the Securities of any series, there shall be excluded this Indenture with respect to Securities of any particular series of Securities other than that series. Nothing herein shall prevent the Trustee from filing with the Commission the application
referred to in the second to last paragraph of Section 310(b) of the Trust Indenture Act. 
 Section 6.09. Corporate Trustee Required;
Eligibility. 
 There shall at all times be a Trustee hereunder with respect to each series of Securities, which shall be either:

 (a) a corporation organized and doing business under the laws of the United States of America or of any State, authorized under such laws
to exercise corporate trust powers and subject to supervision or examination by Federal or State authority, or 
 (b) a corporation or other
Person organized and doing business under the laws of a foreign government that is permitted to act as Trustee pursuant to a rule, regulation or order 

  

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of the Commission, authorized under such laws to exercise corporate trust powers, and subject to supervision or examination by authority of such foreign
government or a political subdivision thereof substantially equivalent to supervision or examination applicable to United States institutional trustees; 
 in either case having a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority,
then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. Neither the Company nor any Person
directly or indirectly controlling, controlled by, or under common control with the Company shall serve as trustee for the Securities of any series issued hereunder. If at any time the Trustee with respect to any series of Securities shall cease to
be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect specified in Section 6.10. 
 Section 6.10. Resignation and Removal. 
 (a) No resignation or removal of the Trustee and no appointment of a successor
Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee under Section 6.11. 
 (b) The Trustee may resign with respect to any series of Securities at any time by giving written notice thereof to the Company. If an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30
days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee. 
 (c) The Trustee may be removed with respect to any series of Securities at any time by Act of the Holders of a majority in principal amount of the outstanding Securities of that series, delivered to the Trustee and to
the Company. If an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days after the giving of such notice of removal, the removed Trustee may petition any court of competent jurisdiction for the
appointment of a successor Trustee. 
 (d) If at any time: 
 (i) the Trustee shall fail to comply with Section 310(b) of the Trust Indenture Act pursuant to Section 6.08 with respect to any
series of Securities after written request therefor by the Company or by any Securityholder who has been a bona fide Holder of a Security of that series for at least six months, unless the Trustee’s duty to resign is stayed in accordance with
the provisions of Section 310(b) of the Trust Indenture Act, or 
 (ii) the Trustee shall cease to be eligible under
Section 6.09 with respect to any series of Securities and shall fail to resign after written request therefor by the Company or by any such Securityholder, or 
  

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 (iii) the Trustee shall become incapable of acting with respect to any series of
Securities, or 
 (iv) the Trustee shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property
shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 
 then, in any such case, (1) the Company by a Board Resolution may remove the Trustee, with respect to the series, or in the case of clause (iv),
with respect to all series, or (2) subject to Section 6.09, any Securityholder who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated, petition any
court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee with respect to the series, or, in the case of clause (iv), with respect to all series. 
 (e)    (i) If the Trustee shall resign, be removed or become incapable of acting with respect to any series of Securities, or if a vacancy
shall occur in the office of the Trustee with respect to any series of Securities for any cause, the Company, by Board Resolution, shall promptly appoint a successor Trustee for that series of Securities. 
 (ii) If, within one year after such resignation, removal or incapacity, or the occurrence of such vacancy, a successor Trustee with
respect to such series of Securities shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall,
forthwith upon its acceptance of such appointment, become the successor Trustee with respect to such series and supersede the successor Trustee appointed by the Company with respect to such series. If no successor Trustee with respect to such series
shall have been so appointed by the Company or the Securityholders of such series and accepted appointment in the manner hereinafter provided, subject to Section 5.14, any Securityholder who has been a bona fide Holder of a Security of that
series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to such series. 
 (f) The Company shall give notice of each resignation and each removal of the Trustee with respect to any series and each appointment of a successor
Trustee with respect to any series by mailing written notice of such event by first-class mail, postage prepaid, to the Holders of Securities of that series as their names and addresses appear in the Security Register. Each notice shall include the
name of the successor Trustee and the address of its principal Corporate Trust Office. 
 (g) If a Trustee is removed with or without cause,
all fees and expenses (including the reasonable fees and expenses of counsel) of the Trustee incurred in the administration of the trust or in performing the duties hereunder shall be paid to the Trustee. 
  

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 Section 6.11. Acceptance of Appointment by Successor. 
 (a) Every successor Trustee appointed hereunder shall execute, acknowledge and deliver to the Company and to the predecessor Trustee an instrument
accepting such appointment, and thereupon the resignation or removal of the predecessor Trustee shall become effective with respect to any series as to which it is resigning or being removed as Trustee, and such successor Trustee, without any
further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the predecessor Trustee with respect to any such series; but, on request of the Company or the successor Trustee, such predecessor Trustee shall,
upon payment of its reasonable charges, if any, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the predecessor Trustee, and shall duly assign, transfer and deliver to such successor
Trustee all property and money held by such predecessor trustee hereunder with respect to all or any such series, subject nevertheless to its lien, if any, provided for in Section 6.07. Upon request of any such successor Trustee, the Company
shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts. 
 (b) In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor Trustee with respect to the
Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor
Trustee with respect to the Securities of any series as to which the predecessor Trustee is not being succeeded shall continue to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be
necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and
that each such Trustee shall be Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee. 
 (c) No successor Trustee with respect to any series of Securities shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible with respect to that series
under this Article. 
 Section 6.12. Merger, Conversion, Consolidation or Succession to Business. 
 Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such
corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall have been authenticated, but not
delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee
had itself authenticated such Securities. 
  

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 Section 6.13. Preferential Collection of Claims Against Company. 
 The Trustee shall comply with TIA Section 3.11(a), excluding any creditor relationship listed in TIA Section 3.11(b). A Trustee who has resigned
or been removed shall be subject to TIA Section 3.11(a) to the extent indicated. 
 Section 6.14. Appointment of Authenticating Agent.

 (a) At any time when any of the Securities remain Outstanding the Trustee, with the approval of the Company, may appoint an Authenticating
Agent or Agents with respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon original issuance, exchange, registration of transfer or partial
redemption thereof or pursuant to Section 3.06, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever
reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee
by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing
business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to act as an Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and, if other
than the Company itself, subject to supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining
authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time
an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 
 (b) Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from
any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent,
provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent. 
 (c) An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and, if other than the Company, to the Company. The
Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and, if other than the Company, to the Company. Upon receiving such a notice of resignation or upon such a
termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee, with the approval of the Company, may appoint a successor Authenticating Agent which shall be
acceptable to the Company and shall mail written notice of such appointment by first-class mail, 

  

 47 

 
postage prepaid, to all Holders of Securities of the series with respect to which such Authenticating Agent will serve, as their names and addresses appear
in the Security Register. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an
Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 
 (d) The
Company agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services under this Section. 
 (e) If
an appointment with respect to one or more series is made pursuant to this Section, the Securities of such series may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication
in the following form: 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.

  

			
	The Bank of New York Mellon, as Trustee,
		
	by	 	  

		 	As Authenticating Agent
		
	by	 	  

		 	As Authorized Agent
		
	Dated	 	

 ARTICLE SEVEN 
 SECURITYHOLDERS’ LISTS AND REPORTS BY 
 TRUSTEE AND COMPANY

 Section 7.01. Company to Furnish Trustee Names and Addresses of Securityholders. 
 The Company will furnish or cause to be furnished to the Trustee: 
 (a) semi-annually, not more than 15 days after December 15 and June 15 in each year in such form as the Trustee may reasonably require, a list of the names and addresses of the Holders of Securities of each
series as of such December 15 and June 15, as applicable, and 
 (b) at such other times as the Trustee may request in writing,
within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; provided, however, that if and so long as the Trustee shall
be the Security Registrar for Securities of a series, no such list need be furnished with respect to such series of Securities. 
  

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 Section 7.02. Preservation of Information; Communications to Securityholders. 
 (a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders of Securities contained in the most
recent list furnished to the Trustee as provided in Section 7.01 and the names and addresses of Holders of Securities received by the Trustee in its capacity as Security Registrar, if so acting. The Trustee may destroy any list furnished to it
as provided in Section 7.01 upon receipt of a new list so furnished. 
 (b) (i) If three or more Holders of Securities of any series
(hereinafter referred to as “applicants”) apply in writing to the Trustee, and furnish to the Trustee reasonable proof that each such applicant has owned a Security of such series for a period of at least six months preceding the date of
such application, and such application states that the applicants desire to communicate with other Holders of Securities of such series or with the Holders of all Securities with respect to their rights under this Indenture or under such Securities
and is accompanied by a copy of the form of proxy or other communication which such applicants propose to transmit, then the Trustee shall, within five (5) Business Days after the receipt of such application, at its election, either:

  

	 	(A)	afford such applicants access to the information preserved at the time by the Trustee in accordance with Section 7.02(a), or 

  

	 	(B)	inform such applicants as to the approximate number of Holders of Securities of such series or all Securities, as the case may be, whose names and addresses appear in the
information preserved at the time by the Trustee in accordance with Section 7.02(a), and as to the approximate cost of mailing to such Securityholders the form of proxy or other communication, if any, specified in such application.

 (ii) If the Trustee shall elect not to afford such applicants access to such information, the Trustee shall,
upon the written request of such applicants, mail to each Holder of a Security of such series or to all Securityholders, as the case may be, whose names and addresses appear in the information preserved at the time by the Trustee in accordance with
Section 7.02(a), a copy of the form of proxy or other communication which is specified in such request, with reasonable promptness after a tender to the Trustee of the material to be mailed and of payment, or provision for the payment, of the
reasonable expenses of mailing, unless, within five days after such tender, the Trustee shall mail to such applicants and file with the Commission, together with a copy of the material to be mailed, a written statement to the effect that, in the
opinion of the Trustee, such mailing would be contrary to the best interests of the Holders of Securities of such series or all Securityholders, as the case may be, or would be in violation of applicable law. Such written statement shall specify the
basis of such opinion. If the Commission, after opportunity for a hearing upon the objections specified in the written statement so filed, shall enter an order refusing to sustain any of such objections or if, after the entry of an order sustaining
one or more of such 

  

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objections, the Commission shall find, after notice and opportunity for hearing, that all the objections so sustained have been met and shall enter an order
so declaring, the Trustee shall mail copies of such material to all Securityholders of such series or all Securityholders, as the case may be, with reasonable promptness after the entry of such order and the renewal of such tender; otherwise the
Trustee shall be relieved of any obligation or duty to such applicants respecting their application. 
 (c) Every Holder of Securities, by
receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Securities
in accordance with Section 7.02(b), regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 7.02(b).

 Section 7.03. Reports by Trustee. 
 (a) Within 60 days after May 15 of each year commencing with the first May 15 after the issuance of Securities, the Trustee shall transmit by mail, at the Company’s expense, to all Holders as their names and addresses appear
in the Security Register, as provided in Trust Indenture Act 313(c), a brief report dated as of May 15 in accordance with and with respect to the matters required by Trust Indenture Act Section 313(a). 
 (b) The Trustee shall transmit by mail, at the Company’s expense, to all Holders as their names and addresses appear in the Security Register, as
provided in Trust Indenture Act 313(c), a brief report in accordance with and with respect to the matters required by Trust Indenture Act Section 313(b). 
 (c) A copy of each such report shall, at the time of such transmission to Holders, be furnished to the Company and, in accordance with Trust Indenture Act Section 313(d), be filed by the Trustee with each stock
exchange upon which the Securities are listed, and also with the Commission. The Company shall promptly, and in any event within ten (10) Business Days, notify the Trustee if the Securities are listed on any national securities exchange or any
delisting thereof. 
 Section 7.04. Reports by Company. 
 The Company shall file with the Trustee, and transmit to Holders, such information, documents and other reports, and such summaries thereof, as may be required pursuant to the Trust Indenture Act at the times and in
the manner provided pursuant to such Act; provided that any such information, documents or reports required to be filed with the Commission pursuant to Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee within 15
days after the same is so required to be filed with the Commission. The Company also shall comply with the other provisions of Trust Indenture Act Section 314(a). Delivery of such reports, information and documents to the Trustee is for
informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of
its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 
  

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 ARTICLE EIGHT 
 CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER 
 Section 8.01. Consolidation, Merger, Conveyance or Transfer
on Certain Terms. 
 The Company shall not consolidate with or merge into any other Person or convey or transfer its properties and assets
substantially as an entirety to any Person, unless: 
 (a) in the case of the Company, the Person formed by such consolidation or into which
the Company is merged or the Person which acquires by conveyance or transfer the properties and assets of the Company substantially as an entirety shall be a corporation, partnership or trust organized and existing under the laws of the United
States of America or any State thereof or the District of Columbia, and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the
principal of (and premium, if any) and interest on all the Securities and the performance of every covenant of this Indenture (as supplemented from time to time) on the part of the Company to be performed or observed; 
 (b) immediately after giving effect to such transaction, no Event of Default, and no event which, after notice or lapse of time, or both, would become an
Event of Default, shall have happened and be continuing; and 
 (c) the Company has delivered to the Trustee an Officers’ Certificate
and an Opinion of Counsel each stating that such consolidation, merger, conveyance or transfer and such supplemental indenture comply with this Article and that all conditions precedent herein provided for relating to such transaction have been
complied with. 
 Section 8.02. Successor Person Substituted. 
 Upon any consolidation or merger, or any conveyance or transfer of the properties and assets of the Company in accordance with Section 8.01, the successor Person formed by such consolidation or into which the
Company is merged or to which such conveyance or transfer is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor had been named as the
Company herein. In the event of any such conveyance or transfer, the Company as the predecessor shall be discharged from all obligations and covenants under this Indenture and the Securities and may be dissolved, wound up or liquidated at any time
thereafter. 
 ARTICLE NINE SUPPLEMENTAL INDENTURES 
 Section 9.01. Supplemental Indentures Without Consent of Securityholders. 
 (a) Without the
consent of the Holders of any Securities, the Company, when authorized by a Board Resolution, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any
of the following purposes: 
 (1) to evidence the succession of another corporation or Person to the Company and the
assumption by any such successor of the obligations of the Company contained herein and in the Securities; or 
  

 51 

 (2) to add to the covenants of the Company, or to surrender any right or power herein
conferred upon the Company, for the benefit of the Holders of the Securities of any or all series (and if such covenants or the surrender of such right or power are to be for the benefit of less than all series of Securities, stating that such
covenants are expressly being included or such surrenders are expressly being made solely for the benefit of one or more specified series); or 
 (3) to cure any ambiguity or to correct any provision herein which may be inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this
Indenture; or 
 (4) to add to this Indenture such provisions as may be expressly permitted by the TIA, excluding, however,
the provisions referred to in Section 316(a)(2) of the TIA as in effect at the date as of which this instrument was executed or any corresponding provision in any similar federal statute hereafter enacted; or 
 (5) to establish any form of Security, as provided in Article Two, to provide for the issuance of any series of Securities as
provided in Article Three and to set forth the terms thereof, and/or to add to the rights of the Holders of the Securities of any series; or 
 (6) to evidence and provide for the acceptance of appointment by another corporation as a successor Trustee hereunder with respect to one or more series of Securities and to add to or change any of the provisions of
this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to Section 6.11; or 
 (7) to add any additional Events of Default in respect of the Securities of any or all series (and if such additional Events of Default
are to be in respect of less than all series of Securities, stating that such Events of Default are expressly being included solely for the benefit of one or more specified series); or 
 (8) to provide for uncertificated Securities in addition to or in place of certificated Securities and to provide for bearer Securities;
provided that uncertificated Securities are issued in registered form for purposes of Section 163(f) of the Internal Revenue Code of 1986, as amended, or in a manner such that the uncertificated Securities are described in
Section 163(f)(2)(B) of such Internal Revenue Code; or 
 (9) to secure the Securities of any series pursuant to
Section 10.06 or otherwise; or 
  

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 (10) to make any change necessary to comply with any requirement of the Commission in
connection with the qualification of this Indenture or any supplemental indenture under the Trust Indenture Act. 
 (b) No supplemental
indenture for the purposes identified in Clauses (2), (3) or (7) above may be entered into if to do so would adversely affect the rights of the Holders of Outstanding Securities of any series in any material respect. 
 Section 9.02. Supplemental Indentures with Consent of Securityholders. 
 (a) With the consent of the Holders of not less than a majority in principal amount of the Outstanding Securities of all series affected by such supplemental indenture or indentures (acting as one class), by Act of
said Holders delivered to the Company and the Trustee (in accordance with Section 1.04 hereof), the Company, when authorized by a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of
adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders of the Securities of each such series under this Indenture; provided, however,
that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby: 
 (1) change the Maturity of the principal of, or the Stated Maturity of any premium on, or any installment of interest on, any Security, or reduce the principal amount thereof or the interest or any premium thereon, or change the method of
computing the amount of principal thereof or interest thereon on any date or change any Place of Payment where, or the coin or currency in which, any Security or any premium or interest thereon is payable, or impair the right to institute suit for
the enforcement of any such payment on or after the Maturity or the Stated Maturity, as the case may be, thereof (or, in the case of redemption or repayment, on or after the Redemption Date or the Repayment Date, as the case may be); or 

(2) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for
any such supplemental indenture, or the consent of whose Holders is required for any waiver of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences, provided for in this Indenture; or 

(3) modify any of the provisions of this Section 9.02, Section 5.13 or Section 10.07, except to increase any such
percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby; or 
 (4) impair or adversely affect the right of any Holder to institute suit for the enforcement of any payment on, or with respect to, the
Securities of any series on or after the Stated Maturity of such Securities (or in the case of redemption, on or after the Redemption Date). 
 (b) For purposes of this Section 9.02, if the Securities of any series are issuable upon the exercise of warrants, each holder of an unexercised and unexpired warrant with 

  

 53 

 
respect to such series shall be deemed to be a Holder of Outstanding Securities of such series in the amount issuable upon the exercise of such warrant. For
such purposes, the ownership of any such warrant shall be determined by the Company in a manner consistent with customary commercial practices. The Trustee for such series shall be entitled to rely on an Officers’ Certificate as to the
principal amount of Securities of such series in respect of which consents shall have been executed by holders of such warrants. 
 (c) A
supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders
of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of Holders of Securities of any other series. 
 (d) It shall not be necessary for any Act of Securityholders under this Section to approve the particular form of any proposed supplemental indenture,
but it shall be sufficient if such Act shall approve the substance thereof. 
 Section 9.03. Execution of Supplemental Indentures. 
 In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the
trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 6.01) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or
permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 Section 9.04. Effect of Supplemental Indentures. 
 Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of
Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby to the extent provided therein. 
 Section 9.05.
Conformity with Trust Indenture Act. 
 Every supplemental indenture executed pursuant to this Article shall conform to the
requirements of TIA as then in effect. 
 Section 9.06. Reference in Securities to Supplemental Indentures. 
 Securities authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if required by the
Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities so modified as to conform, in the opinion of the Trustee and the Board of
Directors, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities. 
  

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 ARTICLE TEN 
 COVENANTS 
 Section 10.01. Payment of Principal, Premium and Interest. 
 With respect to each series of Securities, the Company will duly and punctually pay the principal of (and premium, if any) and interest on such Securities
in accordance with their terms and this Indenture, and will duly comply with all the other terms, agreements and conditions contained in, or made in the Indenture for the benefit of, the Securities of such series. 
 Section 10.02. Maintenance of Office or Agency. 
 (a) The Company will maintain an office or agency in each Place of Payment where Securities may be presented or surrendered for payment, where Securities may be surrendered for registration of transfer or exchange, and where notices and
demands to or upon the Company in respect of the Securities and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and of any change in the location, of such office or agency. If at any time the
Company shall fail to maintain such office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the
Company hereby appoints the Trustee its agent to receive all such presentations, surrenders, notices and demands. 
 (b) Unless otherwise set
forth in, or pursuant to, a Board Resolution or Indenture supplemental hereto with respect to a series of Securities, the Company hereby initially designates as the Place of Payment for each series of Securities, the Borough of Manhattan, the City
and State of New York, and initially appoints the Trustee at its Corporate Trust Office as the Company’s office or agency for each such purpose in such city. 
 Section 10.03. Money for Security Payments to Be Held in Trust. 
 (a) If the Company shall at any time act as its own
Paying Agent for any series of Securities, it will, on or before each due date of the principal of (and premium, if any) or interest on, any of the Securities of such series, segregate and hold in trust for the benefit of the Persons entitled
thereto a sum sufficient to pay the principal (and premium, if any) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure
to act. 
 (b) Whenever the Company shall have one or more Paying Agents for any series of Securities, it will, on or prior to each due date
of the principal of (and premium, if any) or interest on, any Securities of such series, deposit with a Paying Agent a sum sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the
benefit of the Persons entitled to such principal (and premium, if any) or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 
 (c) The Company will cause each Paying Agent other than the Trustee for any series of Securities to execute and deliver to the Trustee an instrument in
which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will: 
 (i) hold all sums held by it for the payment of principal of (and premium, if any) or interest on Securities of such series in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise
disposed of as herein provided; 
  

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 (ii) give the Trustee notice of any default by the Company (or any other obligor upon the
Securities of such series) in the making of any such payment of principal (and premium, if any) or interest on the Securities of such series; and 
 (iii) at any time during the continuance of any such default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. 
 (d) The Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture with respect to any series of Securities
or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent in respect of each and every series of Securities as to which it seeks to discharge this
Indenture or, if for any other purpose, all sums so held in trust by the Company in respect of all Securities, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Company or such Paying Agent; and,
upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 
 (e) Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of (and premium, if any) or interest on any Security of any series and remaining unclaimed for two years
after such principal (and premium, if any) or interest has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter
as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease. The
Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company mail to the Holders of the Securities as to which the money to be repaid was held in trust, as their names and addresses appear in the
Security Register, a notice that such moneys remain unclaimed and that, after a date specified in the notice, which shall not be less than 30 days from the date on which the notice was first mailed to the Holders of the Securities as to which the
money to be repaid was held in trust, any unclaimed balance of such moneys then remaining will be paid to the Company free of the trust formerly impressed upon it. 
 Section 10.04. Statement as to Compliance. 
 (a) The Company will deliver to the Trustee, within 120 days after the end
of each fiscal year, a written statement signed by the Chairman of the Board, the Chief Financial 

  

 56 

 
Officer, the General Counsel, a Vice President, the Treasurer, an Assistant Treasurer, the Controller, an Assistant Controller, the Secretary or an Assistant
Secretary of the Company stating that: 
 (1) a review of the activities of the Company during such year and of performance
under this Indenture and under the terms of the Securities has been made under his supervision; and 
 (2) to the best of his
knowledge, based on such review, the Company has fulfilled all its obligations under this Indenture and has complied with all conditions and covenants on its part contained in this Indenture through such year, or, if there has been a default in the
fulfillment of any such obligation, covenant or condition, specifying each such default known to him and the nature and status thereof. 
 (b) For the purpose of this Section 10.04, default and compliance shall be determined without regard to any grace period or requirement of notice provided pursuant to the terms of this Indenture. 
 Section 10.05. Legal Existence. 
 Subject to
Article Eight the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its legal existence. 
 Section 10.06. Limitation on Liens. 
 (a) The Company shall not create, assume, incur or guarantee any Debt secured by a
Lien on any of its properties or assets, without securing the Securities of any applicable series equally and ratably with (or prior to) such secured Debt for so long as such Debt is secured, unless the aggregate principal amount of such secured
Debt then outstanding does not exceed an amount equal to 10% of the Company’s total consolidated assets measured as of the date of the Company’s most recent filing of its quarterly report on Form 10-Q or annual report on Form 10-K
preceding the creation or assumption of any such Lien. 
 (b) The restriction in paragraph (a) of this Section 10.06 will not apply
to Debt secured by (1) Liens existing on the date the Securities are issued, as applicable, and Liens on property of, or indebtedness of, any Person at the time such Person becomes a Subsidiary (whether by acquisition or otherwise, including
through merger or consolidation), (2) Liens in favor of or required by contracts with governmental entities, (3) Liens in favor of the Company or a Subsidiary of the Company, (4) Liens existing at the time of acquisition of the assets
secured thereby (including acquisition through merger or consolidation) and purchase money Liens, (5) Liens on any property to secure all or part of the cost of improvements or construction thereon or indebtedness incurred to provide funds for
such purpose in a principal amount not exceeding 110% of the cost of such improvements or constructions, (6) liens on shares of common stock, indebtedness or other securities of a Person that is not a subsidiary of ours and (7) any
extension, renewal or refunding of any Lien referred to in the foregoing clauses (1) through (6), inclusive. 
  

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 Section 10.07. Waiver of Certain Covenants. 
 The Company may omit in respect of any series of Securities, in any particular instance, to comply with any covenant or condition set forth in
Sections 10.05 or 10.06 or set forth in a Board Resolution or supplemental indenture with respect to the Securities of such series, unless otherwise specified in such Board Resolution or supplemental indenture, if before or after the time for
such compliance the Holders of not less than a majority in principal amount of the Outstanding Securities of all series affected by such waiver (voting as one class) shall, by Act of such Securityholders delivered to the Company and the Trustee (in
accordance with Section 1.04 hereof), either waive such compliance in such instance or generally waive compliance with such covenant or condition, but no such waiver shall extend to or affect such covenant or condition except to the extent so
expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect. Nothing in this Section 10.07
shall permit the waiver of compliance with any covenant or condition set forth in such Board Resolution or supplemental indenture which, if in the form of an indenture supplemental hereto, would not be permitted by Section 9.02 without the
consent of the Holder of each Outstanding Security affected thereby. 
 ARTICLE ELEVEN 
 REDEMPTION OF SECURITIES 
 Section 11.01.
Applicability of Article. 
 The Company may reserve the right to redeem and pay before Stated Maturity all or any part of the
Securities of any series, either by optional redemption, sinking or purchase fund or analogous obligation or otherwise, by provision therefor in the form of Security for such series established and approved pursuant to Section 2.02 and on such
terms as are specified in such form or in the indenture supplemental hereto with respect to Securities of such series as provided in Section 3.01. Redemption of Securities of any series shall be made in accordance with the terms of such
Securities and, to the extent that this Article does not conflict with such terms, the succeeding Sections of this Article. Notwithstanding anything to the contrary in this Indenture, except in the case of redemption pursuant to a sinking fund, the
Trustee shall not make any payment in connection with the redemption of Securities until the close of business on the Redemption Date. 
 Section 11.02.
Election to Redeem; Notice to Trustee. 
 The election of the Company to redeem any Securities redeemable at the election of the
Company shall be evidenced by, or pursuant to authority granted by, a Board Resolution. In case of any redemption at the election of the Company of less than all of the Securities of any series, the Company shall, at least 60 days prior to the
Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee in writing of such Redemption Date and of the principal amount of Securities of such series and the Tranche (as defined in
Section 11.03) to be redeemed. 
  

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 In the case of any redemption of Securities (i) prior to the expiration of any restriction on such
redemption provided in the terms of such Securities or elsewhere in this Indenture, or (ii) pursuant to an election of the Company which is subject to a condition specified in the terms of such Securities, the Company shall furnish the Trustee
with an Officers’ Certificate evidencing compliance with such restriction or condition. 
 Section 11.03. Selection by Trustee of Securities to
Be Redeemed. 
 If less than all the Securities of like tenor and terms of any series (a “Tranche”) are to be redeemed,
the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such Tranche not previously called for redemption, by such method as the Trustee shall
deem fair and appropriate and which may include provision for the selection for redemption of portions of the principal of Securities of such Tranche of a denomination larger than the minimum authorized denomination for Securities of that series.
Unless otherwise provided in the terms of a particular series of Securities, the portions of the principal of Securities so selected for partial redemption shall be equal to the minimum authorized denomination of the Securities of such series, or an
integral multiple thereof, and the principal amount which remains outstanding shall not be less than the minimum authorized denomination for Securities of such series. If less than all the Securities of unlike tenor and terms of a series are to be
redeemed, the particular Tranche of Securities to be redeemed shall be selected by the Company. 
 The Trustee shall promptly notify the
Company in writing of the Securities selected for redemption and, in the case of any Security selected for partial redemption, the principal amount thereof to be redeemed. 
 Securities shall be excluded from eligibility for selection for redemption if they are identified by registration and certificate number in a written
statement signed by an authorized officer of the Company and delivered to the Trustee at least 60 days prior to the Redemption Date as being owned of record and beneficially by, and not pledged or hypothecated by, either (a) the Company or
(b) an entity specifically identified in such written statement as being an Affiliate of the Company. 
 For all purposes of this
Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal of such Security which has
been or is to be redeemed. 
 Section 11.04. Notice of Redemption. 
 Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 30 (unless otherwise provided in the supplemental indenture or Board Resolution establishing the relevant series) nor more
than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed, at his address appearing in the Security Register. 
 All notices of redemption shall state: 
 (i) the Redemption Date; 
  

 59 

 (ii) the Redemption Price; 
 (iii) if less than all Outstanding Securities of any series are to be redeemed, the identification (and, in the case of partial
redemption, the respective principal amounts) of the Securities to be redeemed; 
 (iv) that on the Redemption Date the
Redemption Price will become due and payable upon each such Security, and that interest, if any, thereon shall cease to accrue from and after said date; 
 (v) the place where such Securities are to be surrendered for payment of the Redemption Price, which shall be the office or agency of the Company in the Place of Payment; and 
 (vi) that the redemption is on account of a sinking or purchase fund, or other analogous obligation, if that be the case. 
 Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company’s request, by the
Trustee in the name and at the expense of the Company; provided that if the Trustee is asked to give such notice the Company shall have delivered to the Trustee at least ten (10) Business Days prior to the Redemption Date an
Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 
 Section 11.05. Deposit of Redemption Price. 
 On or prior to any Redemption Date and subject to
Section 11.09, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 10.03) an amount of money sufficient to pay the
Redemption Price of all the Securities which are to be redeemed on that date. 
 Section 11.06. Securities Payable on Redemption Date.

 Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, subject to Section 11.09, on the
Redemption Date, become due and payable at the Redemption Price therein specified and from and after such date (unless the Company shall default in the payment of the Redemption Price) such Securities shall cease to bear interest and any rights to
convert such Securities shall terminate. Upon surrender of such Securities for redemption in accordance with the notice and subject to Section 11.09, such Securities shall be paid by the Company at the Redemption Price. Unless otherwise
provided with respect to such Securities pursuant to Section 3.01, installments of interest the Stated Maturity of which is on or prior to the Redemption Date shall be payable to the Holders of such Securities registered as such on the relevant
Regular Record Dates according to their terms and the provisions of Section 3.07. 
  

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 If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the
principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Security, or as otherwise provided in such Security. 
 Section 11.07. Securities Redeemed in Part. 
 Any Security which is to be redeemed only in part shall be surrendered at
the office or agency of the Company in the Place of Payment with respect to that series (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee
duly executed by, the Holder thereof or his attorney duly authorized in writing) and the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of the
same series and Stated Maturity and of like tenor and terms, of any authorized denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so
surrendered. 
 Section 11.08. Optional Redemption. 
 (a) Unless otherwise specified pursuant to Section 3.01 hereof, the Company may redeem the Securities of any series, at its option, at any time in whole, or from time to time in part, at a Redemption Price
equal to the greater of (1) 100% of the principal amount of the Securities to be redeemed or (2) the sum of the present values of the remaining scheduled payments of principal and interest on the Securities to be redeemed, exclusive of
interest accrued to the Redemption Date, discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus the number of basis points specified in the
supplemental indenture or Board Resolution pursuant to which the Securities of a series are issued, plus, in each case, accrued and unpaid interest to the Redemption Date. 
 (b) The Treasury Rate shall be calculated on the third Business Day preceding the Redemption Date. The Company shall calculate the Redemption Price
with respect to the Securities of any series in accordance with the terms and provisions of this Indenture. 
 (c) Any redemption pursuant to
this Section 11.08 shall be made pursuant to the provisions of Sections 11.01 through 11.07 hereof. 
 ARTICLE TWELVE 

 REPURCHASE OF THE SECURITIES 
 UPON CHANGE OF CONTROL TRIGGERING EVENT 
 Section 12.01. Offer to Repurchase Upon Change of Control Triggering Event.

 (a) Upon the occurrence of a Change of Control Triggering Event, unless the Company has exercised its right to redeem the Securities
pursuant to Article Eleven, each Holder will have the right to require the Company to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of each Holder’s Securities of the applicable series pursuant
to the offer described below (the “Change of Control Offer”) on the terms set forth in the Securities at a purchase price in cash equal to 101% of the aggregate principal amount of the 

  

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Securities repurchased plus accrued and unpaid interest, if any, to the date of purchase (the “Change of Control Payment”), pursuant to and
in accordance with the offer described in this Section 12.01. 
 (b) Within 30 days following any Change of Control Triggering
Event, the Company shall send, by first class mail, a notice to each Holder, with a written copy to the Trustee, which notice shall govern the terms of the Change of Control Offer. Such notice shall state: 
 (1) a description of the transaction or transactions that constitute the Change of Control Triggering Event; 
 (2) that the Change of Control Offer is being made pursuant to this Section 12.01 and that all Securities validly tendered will be accepted for
payment; 
 (3) the Change of Control Payment and the “Change of Control Payment Date”, which shall be a Business Day that
is no earlier than 30 days nor later than 60 days from the date such notice is mailed, other than as may be required by law; 
 (4)
that any Security not tendered will continue to accrue interest; 
 (5) that any Security accepted for payment pursuant to the Change of
Control Offer shall cease to accrue interest after the Change of Control Payment Date unless the Company shall default in the payment of the Change of Control Payment of the Securities and the only remaining right of the Holder is to receive payment
of the Change of Control Payment upon surrender of the Securities to the Paying Agent; 
 (6) that Holders electing to have a portion of a
Security purchased pursuant to a Change of Control Offer may only elect to have such Security purchased in a principal amount of $2,000 or integral multiples of $1,000 in excess thereof; 
 (7) that if a Holder elects to have a Security purchased pursuant to the Change of Control Offer it will be required to surrender the Security, with the
form entitled “Option of Holder to Elect Purchase” on the reverse of the Security completed, or transfer by book-entry transfer, to the Paying Agent at the address specified in the notice prior to the close of business on the third
Business Day prior to the Change of Control Payment Date; 
 (8) that a Holder will be entitled to withdraw its election if the Company
receives, not later than the third Business Day preceding the Change of Control Payment Date, a telegram, telex, facsimile transmission or letter setting forth the name of such Holder, the principal amount of Securities such Holder delivered for
purchase, and a statement that such Holder is withdrawing its election to have such Security purchased; and 
 (9) that if Securities are
purchased only in part a new Security of the same type will be issued in a principal amount equal to the unpurchased portion of the Securities surrendered. 
  

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 (c) On the Change of Control Payment Date, the Company shall, to the extent lawful, (1) accept
for payment all Securities or portions thereof properly tendered pursuant to the Change of Control Offer, (2) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Securities or portions thereof
properly tendered and (3) deliver or cause to be delivered for cancellation to the Trustee the Securities properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Securities or portions thereof
being purchased by the Company. The Paying Agent shall promptly mail to each Holder of Securities properly tendered the Change of Control Payment for such Securities, and the Trustee, upon receipt of a Company Request, shall promptly authenticate
and mail (or cause to be transferred by book entry) to each Holder a new Security of such series equal in principal amount to any unpurchased portion of the Securities surrendered by such Holder, if any; provided that each new Security will
be in a principal amount of $2,000 or integral multiples of $1,000 in excess thereof. 
 (d) The Company shall comply with the
requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection with the repurchase of Securities as a result of a Change of Control
Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with this Section 12.01(d), the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached
its obligations under this Section 12.01 by virtue of such conflicts. 
 Notwithstanding the foregoing, the Company will not be required
to make an offer to repurchase the Securities upon a Change of Control Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company herein and
such third party purchases all the Securities properly tendered and not withdrawn under its offer. 
  

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

			
	THE MCGRAW-HILL COMPANIES, INC.
		
	by:	 	  

	Name:	 	
	Title:	 	

  

			
	THE BANK OF NEW YORK MELLON
		
	by:	 	  

	Name:	 	
	Trustee	 	

  

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