Document:

Exhibit 4.3

 

 

 

SMART BALANCE, INC., as Issuer,

 

and

 

Wells
Fargo Bank, National Association, as Trustee

 

Indenture

 

Dated as of _____________

 

Subordinated Debt Securities

 

 

 

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CROSS REFERENCE SHEET*

 

Between

 

Provisions of Trust Indenture Act (as defined
herein) and Indenture, dated as of ____________ , between SMART BALANCE, INC. and Wells
Fargo Bank, National Association, as Trustee:

	 	 	 
	SECTION OF THE ACT	 	SECTION OF INDENTURE
	310(a)(1) and (2)	 	6.9 
	310(a)(3) and (4)	 	Inapplicable
	310(b)	 	6.8, 6.10(a), (b) and (d) 
	310(c)	 	Inapplicable
	311(a)	 	6.13 
	311(b)	 	6.13 
	311(c)	 	Inapplicable
	312(a)	 	4.1 and 4.2 
	312(b)	 	4.2 
	312(c)	 	4.2 
	313(a)	 	4.3 
	313(b)(1)	 	Inapplicable
	313(b)(2)	 	4.3 
	313(c)	 	4.3, 5.11, 6.10, 6.11, 8.2 and 12.2 
	313(d)	 	4.3 
	314(a)	 	3.5 and 4.2 
	314(b)	 	Inapplicable
	314(c)(1) and (2)	 	11.5 
	314(c)(3)	 	Inapplicable
	314(d)	 	Inapplicable
	314(e)	 	11.5 
	314(f)	 	Inapplicable
	315(a), (c) and (d)	 	6.1 
	315(b)	 	5.11 
	315(e)	 	5.12 
	316(a)(1)	 	5.9 and 5.10 
	316(a)(2)	 	Not required
	316(a) (last sentence)	 	7.4 
	316(b)	 	5.7 
	317(a)	 	5.2 
	317(b)	 	3.4(a) and (b) 
	318(a)	 	11.7 

 

 

 

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

 

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TABLE OF CONTENTS

 

	ARTICLE I DEFINITIONS	1
	 	 
	SECTION  1.1. CERTAIN TERMS DEFINED	1
	 	 
	SECTION  1.2. RULES OF CONSTRUCTION	6
	 	 
	ARTICLE II  SECURITIES	6
	 	 
	SECTION  2.1. FORMS GENERALLY	6
	 	 
	SECTION  2.2. FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION	6
	 	 
	SECTION  2.3. AMOUNT UNLIMITED; ISSUABLE IN SERIES	7
	 	 
	SECTION  2.4. AUTHENTICATION AND DELIVERY OF SECURITIES	9
	 	 
	SECTION  2.5. EXECUTION OF SECURITIES	10
	 	 
	SECTION  2.6. CERTIFICATE OF AUTHENTICATION	11
	 	 
	SECTION  2.7. DENOMINATION AND DATE OF SECURITIES; PAYMENT OF INTEREST	11
	 	 
	SECTION  2.8. REGISTRATION, TRANSFER AND EXCHANGE	12
	 	 
	SECTION  2.9. MUTILATED, DEFACED, DESTROYED, LOST AND STOLEN SECURITIES	14
	 	 
	SECTION  2.10. CANCELLATION OF SECURITIES	15
	 	 
	SECTION  2.11. TEMPORARY SECURITIES	15
	 	 
	SECTION  2.12. CUSIP NUMBERS	15
	 	 
	ARTICLE III COVENANTS	16
	 	 
	SECTION  3.1. PAYMENT OF PRINCIPAL AND INTEREST	16
	 	 
	SECTION  3.2. OFFICES FOR PAYMENTS	16
	 	 
	SECTION  3.3. APPOINTMENT TO FILL A VACANCY IN OFFICE OF TRUSTEE	16
	 	 
	SECTION  3.4. PAYING AGENTS	16
	 	 
	SECTION  3.5. COMPLIANCE CERTIFICATES	17
	 	 
	SECTION  3.6. CORPORATE EXISTENCE	17
	 	 
	ARTICLE IV SECURITYHOLDER LISTS AND REPORTS BY THE ISSUER AND THE TRUSTEE	18
	 	 
	SECTION  4.1. SECURITY HOLDER LISTS	18

 

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	SECTION  4.2. REPORTS BY THE ISSUER	18
	 	 
	SECTION  4.3. REPORTS BY THE TRUSTEE.	18
	 	 
	ARTICLE V EVENTS OF  DEFAULT	18
	 	 
	SECTION  5.1. EVENTS OF DEFAULT	18
	 	 
	SECTION  5.2. COLLECTION OF INDEBTEDNESS BY TRUSTEE	20
	 	 
	SECTION  5.3. APPLICATION OF PROCEEDS	22
	 	 
	SECTION  5.4. SUITS FOR ENFORCEMENT	22
	 	 
	SECTION  5.5. RESTORATION OF RIGHTS ON ABANDONMENT OF PROCEEDINGS	23
	 	 
	SECTION  5.6. LIMITATIONS ON SUITS BY SECURITY HOLDERS	23
	 	 
	SECTION  5.7. UNCONDITIONAL RIGHT OF SECURITYHOLDERS TO INSTITUTE SUITS	23
	 	 
	SECTION  5.8. POWERS AND REMEDIES CUMULATIVE	23
	 	 
	SECTION  5.9. CONTROL BY HOLDERS	24
	 	 
	SECTION  5.10. WAIVER OF PAST DEFAULTS	24
	 	 
	SECTION  5.11. NOTICE OF DEFAULTS	24
	 	 
	SECTION  5.12. UNDERTAKING FOR COSTS	24
	 	 
	ARTICLE VI CONCERNING THE TRUSTEE	24
	 	 
	SECTION  6.1. DUTIES AND RESPONSIBILITIES OF THE TRUSTEE	24
	 	 
	SECTION  6.2. CERTAIN RIGHTS OF THE TRUSTEE	25
	 	 
	SECTION  6.3. TRUSTEE NOT RESPONSIBLE FOR RECITALS	27
	 	 
	SECTION  6.4. TRUSTEE AND AGENTS MAY HOLD SECURITIES	27
	 	 
	SECTION  6.5. MONEYS HELD BY TRUSTEE	27
	 	 
	SECTION  6.6. COMPENSATION AND INDEMNIFICATION OF TRUSTEE	27
	 	 
	SECTION  6.7. RIGHT OF TRUSTEE TO RELY ON OFFICER’S CERTIFICATE	27
	 	 
	SECTION  6.8. QUALIFICATION OF TRUSTEE: CONFLICTING INTERESTS	27
	 	 
	SECTION  6.9. PERSONS ELIGIBLE FOR APPOINTMENT AS TRUSTEE	28
	 	 
	SECTION  6.10. RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR TRUSTEE	28

 

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	SECTION  6.11. ACCEPTANCE OF APPOINTMENT BY SUCCESSOR TRUSTEE	29
	 	 
	SECTION  6.12. MERGER, CONSOLIDATION OR SUCCESSION TO BUSINESS OF TRUSTEE	30
	 	 
	SECTION  6.13. PREFERENTIAL COLLECTION OF CLAIMS AGAINST THE ISSUER	30
	 	 
	SECTION  6.14. APPOINTMENT OF AUTHENTICATING AGENT	30
	 	 
	ARTICLE VII CONCERNING THE SECURITYHOLDERS	31
	 	 
	SECTION  7.1. EVIDENCE OF ACTION TAKEN BY SECURITYHOLDERS	31
	 	 
	SECTION  7.2. PROOF OF EXECUTION OF INSTRUMENTS AND OF HOLDING OF SECURITIES	31
	 	 
	SECTION  7.3. HOLDERS TO BE TREATED AS OWNERS	31
	 	 
	SECTION  7.4. SECURITIES OWNED BY ISSUER DEEMED NOT OUTSTANDING	32
	 	 
	SECTION  7.5. RIGHT OF REVOCATION OF ACTION TAKEN	32
	 	 
	ARTICLE VIII SUPPLEMENTAL INDENTURES	32
	 	 
	SECTION  8.1. SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF SECURITYHOLDERS	32
	 	 
	SECTION  8.2. SUPPLEMENTAL INDENTURES WITH CONSENT OF SECURITYHOLDERS.	33
	 	 
	SECTION  8.3. EFFECT OF SUPPLEMENTAL INDENTURE	34
	 	 
	SECTION  8.4. DOCUMENTS TO BE GIVEN TO TRUSTEE	34
	 	 
	SECTION  8.5. NOTATION ON SECURITIES IN RESPECT OF SUPPLEMENTAL INDENTURES	35
	 	 
	ARTICLE IX CONSOLIDATION, MERGER, SALE OR CONVEYANCE	35
	 	 
	SECTION  9.1. ISSUER MAY CONSOLIDATE ONLY ON CERTAIN TERMS	35
	 	 
	SECTION  9.2. SUCCESSOR SUBSTITUTED	35
	 	 
	SECTION  9.3. OPINION OF COUNSEL TO BE GIVEN TO TRUSTEE	35
	 	 
	ARTICLE X SATISFACTION AND DISCHARGE;  DEFEASANCE	36
	 	 
	SECTION  10.1. SATISFACTION AND DISCHARGE	36
	 	 
	SECTION  10.2. DEFEASANCE	37
	 	 
	SECTION  10.3. COVENANT DEFEASANCE	37
	 	 
	SECTION  10.4. APPLICATION BY TRUSTEE OF FUNDS DEPOSITED FOR PAYMENT	38
	 	 
	SECTION  10.5. REPAYMENT OF MONEYS HELD BY PAYING AGENT	38

 

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	SECTION  10.6. RETURN OF MONEYS HELD BY TRUSTEE	39
	 	 
	SECTION  10.7. INDEMNITY FOR U.S. GOVERNMENT OBLIGATIONS	39
	 	 
	ARTICLE XI MISCELLANEOUS PROVISIONS	39
	 	 
	SECTION  11.1. LIMITATION ON LIABILITY	39
	 	 
	SECTION  11.2. BENEFITS OF INDENTURE	39
	 	 
	SECTION  11.3. SUCCESSORS AND ASSIGNS	39
	 	 
	SECTION  11.4. NOTICES	40
	 	 
	SECTION  11.5. OFFICER’S CERTIFICATES AND OPINIONS OF COUNSEL	40
	 	 
	SECTION  11.6. PAYMENTS DUE ON SATURDAYS, SUNDAYS AND HOLIDAYS	41
	 	 
	SECTION  11.7. CONFLICT WITH TRUST INDENTURE ACT	41
	 	 
	SECTION  11.8. GOVERNING LAW; WAIVER OF JURY TRIAL.	41
	 	 
	SECTION  11.9. COUNTERPARTS	41
	 	 
	SECTION  11.10. EFFECT OF HEADINGS	41
	 	 
	SECTION  11.11. JUDGMENT CURRENCY	42
	 	 
	SECTION  11.12. AGREEMENT TO SUBORDINATE	42
	 	 
	SECTION  11.13. FORCE MAJEURE	42
	 	 
	ARTICLE XII REDEMPTION OF SECURITIES AND SINKING FUNDS	42
	 	 
	SECTION  12.1. APPLICABILITY OF ARTICLE	42
	 	 
	SECTION  12.2. NOTICE OF REDEMPTION; PARTIAL REDEMPTIONS	42
	 	 
	SECTION  12.3. PAYMENT OF SECURITIES CALLED FOR REDEMPTION	43
	 	 
	SECTION  12.4. EXCLUSION OF CERTAIN SECURITIES FROM ELIGIBILITY FOR SELECTION FOR REDEMPTION	44
	 	 
	SECTION  12.5. MANDATORY AND OPTIONAL SINKING FUNDS	44
	 	 
	 ARTICLE XIII GUARANTEE	46
	 	 
	SECTION  13.1. UNCONDITIONAL GUARANTEE	46
	 	 
	SECTION  13.2. EXECUTION AND DELIVERY OF GUARANTEE	47

 

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	SECTION  13.3. LIMITATION ON SUBSIDIARY GUARANTORS’ LIABILITY	47
	 	 
	SECTION  13.4. RELEASE OF SUBSIDIARY GUARANTORS	48
	 	 
	SECTION  13.5. SUBSIDIARY GUARANTOR CONTRIBUTION	48
	 	 
	SECTION  13.6. USA PATRIOT ACT	48
	 	 
	ANNEX A   NOTATION OF GUARANTEE

 

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THIS INDENTURE, dated
as of __________, by and between SMART BALANCE, INC., a Delaware corporation (the “Issuer”), and Wells
Fargo Bank, National Association, as trustee (the “Trustee”),

 

WITNESSETH:

 

WHEREAS, the Issuer duly
authorized the issue from time to time of its debentures, notes or other evidences of subordinated indebtedness to be issued in
one or more series (the “Securities”) up to such principal amount or amounts as may from time to time be authorized
in accordance with the terms of this Indenture; and

 

WHEREAS, the Issuer has
duly authorized the execution and delivery of this Indenture to provide, among other things, for the authentication, delivery and
administration of the Securities; and

 

WHEREAS, all things necessary
to make this Indenture a valid indenture and agreement of the Issuer according to its terms have been done;

 

NOW, THEREFORE:

 

In consideration of the
premises and the purchases of the Securities by the holders thereof, the Issuer and the Trustee mutually covenant and agree for
the equal and proportionate benefit of the respective holders from time to time of the Securities and of the coupons, if any, appertaining
thereto as follows:

 

ARTICLE
I

DEFINITIONS

 

1.1. CERTAIN TERMS DEFINED. The following
terms (except as otherwise expressly provided or unless the context otherwise clearly requires) for all purposes of this Indenture
and of any indenture supplemental hereto shall have the respective meanings specified in this Section.

 

“Affiliate”
has the same meaning as given to that term in Rule 405 of the Securities Act or any successor provision.

 

“Authenticating
Agent” shall have the meaning set forth in Section 6.14.

 

“Authorized Newspaper”
means a newspaper of general circulation in The City of New York and will be, if practicable, The Wall Street Journal (Eastern
Edition). If it shall be impractical in the opinion of the Trustee to make any publication of any notice required hereby in an
Authorized Newspaper, any publication or other notice in lieu thereof which is made or given with the approval of the Trustee shall
constitute a sufficient publication of such notice.

 

“Bankruptcy Law”
means Title 11, U.S. Code or any similar federal or state law for the relief of debtors.

 

“Board of Directors”
means either the Board of Directors of the Issuer or any committee of such Board duly authorized to act on its behalf.

 

“Board Resolution”
means a copy of one or more resolutions, certified by the secretary or an assistant secretary of the Issuer to have been duly adopted
or consented to by the Board of Directors and to be in full force and effect, and delivered to the Trustee.

 

“Business Day”
means, with respect to any Security, a day that is not a day on which banking institutions in the city (or in any of the cities,
if more than one) in which amounts are payable, as specified in the form of such Security, are authorized or required by any applicable
law or regulation to be closed.

 

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“Capital Stock”
means, with respect to any corporation, any and all shares, interests, rights to purchase (other than convertible or exchangeable
indebtedness that is not itself otherwise capital stock), warrants, options, participations or other equivalents of or interests
(however designated) in stock issued by that corporation.

 

“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 and delivery of this Indenture such Commission is not existing and performing the duties now assigned to it
under the Trust Indenture Act, then the body performing such duties on such date.

 

“Corporate Trust
Office” means the office of the Trustee at which the corporate trust business of the Trustee shall, at any particular time,
be principally administered, as set forth in Section 11.4 hereof until another address is filed by the Trustee with the
Issuer.

 

“Coupon”
means any interest coupon appertaining to an Unregistered Security.

 

“Covenant Defeasance”
shall have the meaning set forth in Section 10.3.

 

     “Debt” of any
Person at any date means any obligation created or assumed by such Person for the repayment of borrowed money and any guarantee
thereof.

 

“Depositary”
means, with respect to the Securities of any series issuable or issued in the form of one or more Registered Global Securities,
the Person designated as Depositary by the Issuer pursuant to Section 2.3 until a successor Depositary shall have become such
pursuant to the applicable provisions of this Indenture, and thereafter “Depositary” shall mean or include each Person
who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used
with respect to the Securities of any such series shall mean the Depositary with respect to the Registered Global Securities of
that series.

 

“Dollar”
or “$” means the coin or currency of the United States of America as at the time of payment is legal tender for the
payment of public and private debts.

 

“Equity Interests”
means Capital Stock or partnership, participation or membership interests and all warrants, options or other rights to acquire
Capital Stock or partnership, participation or membership interests (but excluding any debt security that is convertible into,
or exchangeable for, Capital Stock or partnership, participation or membership interests).

 

“Event of Default”
means any event or condition specified as such in Section 5.1.

 

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

 

“Fair Value”
when used with respect to any Voting Equity Interests of the Issuer means the fair value as determined in good faith by the Board
of Directors of the Issuer.

 

“Foreign Currency”
means any coin, currency, currency unit or composite currency, including, without limitation, the euro, issued by the government
of one or more countries, other than the United States of America or by any internationally recognized union, confederation or
association of such governments.

 

“Funding Guarantor”
shall have the meaning set forth in Section 13.5.

 

“Guarantee”
shall have the meaning set forth in Section 13.1(b).

 

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“guarantee”
means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Debt or other obligation of
any other Person and any obligation, direct or indirect, contingent or otherwise, of such Person (a) to purchase or pay (or
advance or supply funds for the purchase or payment of) such Debt or other obligation of such other Person (whether arising by
virtue of partnership arrangements, or by agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay,
or to maintain financial statement conditions or otherwise) or (b) entered into for purposes of assuring in any other manner
the obligee of such Debt or other obligation of the payment thereof or to protect such obligee against loss in respect thereof
(in whole or in part); provided, however, that the term “guarantee” shall not include endorsements for
collection or deposit in the ordinary course of business. The term “guarantee” used as a verb has a corresponding meaning.

 

“Holder,”
“Holder of Securities,” “Securityholder” or any other similar terms mean (a) in the case of any Registered
Security, the person in whose name such Security is registered in the security register kept by the Issuer for that purpose in
accordance with the terms hereof, and (b) in the case of any Unregistered Security, the bearer of such Security, or any Coupon
appertaining thereto, as the case may be.

 

“Indenture”
means this instrument as originally executed and delivered or, if amended or supplemented as herein provided, as so amended or
supplemented or both, and shall include the forms and terms of particular series of Securities established as contemplated hereunder,
provided, that, if at any time more than one Person is acting as Trustee under this instrument, “Indenture”
shall mean, with respect to one or more series of Securities for which such person is trustee, this instrument as originally executed
and delivered or, if amended or supplemented as herein provided, as so amended or supplemented or both, and shall include the forms
and terms of those particular series of Securities for which such Person is Trustee established as contemplated hereunder, exclusive,
however, of any provisions or terms which relate solely to other series of Securities for which such person is not Trustee, regardless
of when such terms or provisions were adopted.

 

“IRS” means
the Internal Revenue Service of the United States Department of the Treasury, or any successor entity.

 

“Issuer”
means (except as otherwise provided in Article IX) Smart Balance, Inc., a Delaware corporation, and, subject to Article IX,
its successors and assigns.  

 

“Issuer Order”
means a written statement, request or order of the Issuer signed in its name by the chairman of the Board of Directors, chief executive
officer, president, chief financial officer, general counsel, any vice president or the treasurer of the Issuer.

 

“Judgment Currency”
has the meaning set forth in Section 11.11.

 

“Non-U.S. Person”
means any person that is not a “U.S. person” as such term is defined in Rule 902 of the Securities Act.

 

“Officer’s
Certificate” means a certificate signed by the chairman of the Board of Directors, chief executive officer, president, chief
financial officer, general counsel or any vice president or the treasurer of the Issuer and delivered to the Trustee. Each such
certificate shall comply with Section 314 of the Trust Indenture Act and include the statements provided for in Section 11.5.

 

“Opinion of Counsel”
means an opinion in writing signed by legal counsel who may be an employee of the Issuer or other counsel reasonably satisfactory
to the Trustee. Each such opinion shall comply with Section 314 of the Trust Indenture Act and include the statements provided
for in Section 11.5.

 

“Original Issue
Date” of any Security (or portion thereof) means the earlier of (a) the date of such Security or (b) the date of
any Security (or portion thereof) for which such Security was issued (directly or indirectly) on registration of transfer, exchange
or substitution.

 

“Original Issue
Discount Security” means any Security that provides for an amount less than the principal amount thereof to be due and payable
upon a declaration of acceleration of the maturity thereof pursuant to Section 5.1.

 

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“Outstanding”
(except as otherwise provided in Section 7.4), when used with reference to Securities, means, subject to the provisions of
Section 7.4, as of any particular time, all Securities authenticated and delivered by the Trustee under this Indenture, except:

 

(a) Securities theretofore
cancelled by the Trustee or delivered to the Trustee for cancellation;

 

(b) Securities,
or portions thereof, for the payment or redemption of which moneys or U.S. Government Obligations (as provided for in Article X)
in the necessary amount shall have been deposited in trust with the Trustee or with any paying agent (other than the Issuer) or
shall have been set aside, segregated and held in trust by the Issuer for the Holders of such Securities (if the Issuer shall act
as its own paying agent), provided, that if such Securities, or portions thereof, are to be redeemed prior to the maturity
thereof, written notice of such redemption shall have been given as herein provided, or provisions satisfactory to the Trustee
shall have been made for giving such written notice; and

 

(c) Securities which
shall have been paid or in substitution for which other Securities shall have been authenticated and delivered pursuant to the
terms of Section 2.9 (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 Issuer).

 

In determining whether
the Holders of the requisite principal amount of Outstanding Securities of any or all series have given any request, demand, authorization,
direction, notice, consent or waiver hereunder, the principal amount of an Original Issue Discount Security that shall be deemed
to be Outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of
such determination upon a declaration of acceleration of the maturity thereof pursuant to Section 5.1.

 

“Periodic Offering”
means an offering of Securities of a series from time to time, the specific terms of which Securities, including, without limitation,
the rate or rates of interest, if any, thereon, the stated maturity or maturities thereof and the redemption provisions, if any,
with respect thereto, are to be determined by the Issuer or its agents upon the issuance of such Securities.

 

“Person”
means any individual, corporation, business trust, partnership, limited liability company, joint venture, association, joint stock
company, trust, unincorporated organization or government or any agency or political subdivision thereof.

 

“principal”
whenever used with reference to the Securities or any Security or any portion thereof, shall be deemed to include “and premium,
if any,” provided, however, that such inclusion of premium, if any, shall under no circumstances result in
the double counting of such premium for the purpose of any calculation required hereunder.

 

“record date”
shall have the meaning set forth in Section 2.7.

 

“Registered Global
Security” means a Security evidencing all or a part of a series of Registered Securities, issued to the Depositary for such
series in accordance with Section 2.4, and bearing the legend prescribed in Section 2.4 and any other legend required
by the Depositary for such series.

 

“Registered Security”
means any Security registered on the Security register of the Issuer.

 

“Required Currency”
shall have the meaning set forth in Section 11.11.

 

“Responsible Officer”
when used with respect to the Trustee means any trust officer or assistant trust officer, or any other officer of the Trustee customarily
performing functions similar to those performed by the persons who at the time shall be such officers, respectively, or to whom
any corporate trust matter is referred because of his or her knowledge of and familiarity with the particular subject and who shall
have direct responsibility for the administration of this Indenture.

 

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“Security”
or “Securities” (except as otherwise provided in Section 7.4) has the meaning stated in the first recital of this
Indenture, or, as the case may be, Securities that have been authenticated and delivered under this Indenture.  

 

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

 

“Senior Indebtedness”,
when used with respect to the Securities of any series, shall have the meaning established pursuant to Subsection 2.3(9) with respect
to the Securities of such series.

 

“Significant Subsidiary”
means any Subsidiary of the Issuer which constitutes a “significant subsidiary” within the meaning of Regulation S-X.

 

“Subordination
Provisions”, when used with respect to the Securities of any series, shall have the meaning established pursuant to Subsection
2.3(9) with respect to the Securities of such series.

 

“Stated Maturity”
means, with respect to any security, the date specified in such security as the fixed date on which the payment of principal of
such security is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing
for the repurchase of such security at the option of the holder thereof upon the happening of any contingency beyond the control
of the issuer unless such contingency has occurred).

 

“Subsidiary,”
with respect to any Person, means (i) a corporation a majority of whose Voting Equity Interests is at the time, directly or
indirectly, owned by such Person, by such Person and one or more Subsidiaries of such Person or by one or more Subsidiaries of
such Person, (ii) any other Person (other than a corporation) in which such Person, one or more Subsidiaries of such Person,
or such Person and one or more Subsidiaries of such Person, directly or indirectly, at the date of determination thereof has at
least majority ownership interest, or (iii) a partnership in which such Person or a Subsidiary of such Person is, at the time,
a general partner.

 

“Subsidiary Guarantor”
means any Subsidiary of the Issuer who may execute this Indenture, or a supplement hereto, for the purpose of providing a Guarantee
of Securities pursuant to this Indenture until a successor Person shall have become such pursuant to the applicable provisions
of this Indenture, and thereafter “Subsidiary Guarantor” shall mean such successor Person.

 

“Trustee”
means the Person identified as “Trustee” in the first paragraph hereof and, subject to the provisions of Article VI,
shall also include any successor trustee. “Trustee” shall also mean or include each Person who is then a trustee hereunder,
and, if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any series
shall mean the trustee with respect to the Securities of such series.

 

“Unregistered Security”
means any Security other than a Registered Security.

 

“U.S. Government
Obligations” shall have the meaning set forth in Section 10.1(A).

 

“Voting Equity
Interests” means Equity Interests which at the time are entitled to vote in the election of, as applicable, directors, members
or partners generally; provided, that, for the purposes hereof, Equity Interests that carry only the right to vote conditionally
on the happening of an event shall not be considered Voting Equity Interests whether or not such event shall have happened.

 

“Yield to Maturity”
means the yield to maturity on a series of securities, calculated at the time of issuance of such series, or, if applicable, at
the most recent redetermination of interest on such series, and calculated in accordance with accepted financial practice.

 

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1.2. RULES OF CONSTRUCTION

 

(a) All terms used in
this Indenture that are defined in the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”), or the
definitions of which in the Securities Act of 1933, as amended (the “Securities Act”), are referred to in the Trust
Indenture Act, including terms defined therein by reference to the Securities Act (except as herein otherwise expressly provided
or unless the context otherwise requires), shall have the meaning assigned to such terms in the Trust Indenture Act and in the
Securities Act as in effect from time to time.

 

(b) All accounting terms
used herein and not expressly defined shall have the meanings assigned to such terms in accordance with generally accepted accounting
principles, and the term “generally accepted accounting principles” means such accounting principles as are generally
accepted at the time of any computation unless a different time shall be specified with respect to such series of Securities as
provided for in Section 2.3.

 

(c) 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.

 

(d) The terms defined
in this Article include the plural as well as the singular.

 

ARTICLE
II

SECURITIES 

 

2.1. FORMS GENERALLY. The Securities
of each series and the Coupons, if any, to be attached thereto shall be substantially in such form as shall be established by or
pursuant to one or more Board Resolutions (as set forth in a Board Resolution or, to the extent established pursuant to but not
set forth in a Board Resolution, an Officer’s Certificate detailing such establishment) or in one or more indentures supplemental
hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted
by this Indenture and may have imprinted or otherwise reproduced thereon such legend or legends or endorsements as may be required
to comply with any law or with any rules or regulations pursuant thereto, or with any rules of any securities exchange or to conform
to general usage, all as may be determined by the officers executing such Securities and Coupons, if any, as evidenced by their
execution of such Securities and Coupons.

 

The definitive Securities
and Coupons, if any, shall be printed, lithographed or engraved on steel engraved borders or may be produced in any other manner,
all as determined by the officers executing such Securities and Coupons, if any, as evidenced by their execution of such Securities
and Coupons, if any.

 

2.2. FORM OF TRUSTEE’S CERTIFICATE
OF AUTHENTICATION. The Trustee’s certificate of authentication on all Securities shall be in substantially the following
form:

 

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

 

	 	Wells Fargo Bank, National Association, as Trustee
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:

 

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

 

    	- 6 -

    	 

    

 

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

 

	 	________________________________________,
	 	as Authenticating Agent
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

2.3. AMOUNT UNLIMITED; ISSUABLE IN
SERIES. The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited.

 

The Securities may be
issued in one or more series. There shall be established in or pursuant to one or more Board Resolutions (and to the extent established
pursuant to but not set forth in a Board Resolution, in an Officer’s Certificate detailing such establishment) or established
in one or more indentures supplemental hereto, prior to the initial issuance of Securities of any series,

 

(1) the designation
of the Securities of the series, which shall distinguish the Securities of the series from the Securities of all other series,
and which may be part of a series of Securities previously issued;

 

(2) any limit upon
the aggregate principal amount of the Securities of the series that may be authenticated and delivered under this Indenture (except
for Securities authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other Securities
of the series pursuant to Section 2.8, 2.9, 2.11, 8.5 or 12.3);

 

(3) whether the
Securities of the series will be issuable as Registered Securities (and if so, whether such Securities will be issuable as Registered
Global Securities) or Unregistered Securities (with or without Coupons), or any combination of the foregoing, any restrictions
applicable to the offer, sale or delivery of Unregistered Securities or the payment of interest thereon and, if other than as provided
in Section 2.8, the terms upon which Unregistered Securities of any series may be exchanged for Registered Securities of such
series and vice versa;

 

(4) the price or prices
at which the Securities of the series will be issued;

 

(5) the date or
dates on which the principal of the Securities of the series is payable or the method of determination thereof;

 

(6) the place or
places where and the manner in which, the principal of, premium, if any, and any interest on Securities of the series shall be
payable, if other than as provided in Section 3.2, and the place or places where the Securities of the series may be presented
for transfer and, if applicable, conversion or exchange;

 

(7) the rate or
rates at which the Securities of the series shall bear interest, if any, the date or dates from which such interest shall accrue,
the date or dates on which such interest shall be payable, the terms and conditions of any deferral of interest and the additional
interest, if any, thereon, the right, if any, of the Issuer to extend the interest payment periods and the duration of the extensions
and (in the case of Registered Securities) the date or dates on which a record shall be taken for the determination of Holders
to whom interest is payable and/or the method by which such rate or rates or date or dates shall be determined;

 

(8) the right, if
any, of the Issuer to redeem Securities, in whole or in part, at its option and the period or periods within which, or the date
or dates on which, the price or prices at which and any terms and conditions upon which Securities of the series may be so redeemed,
pursuant to any sinking fund or otherwise;

 

    	- 7 -

    	 

    

 

(9) the terms pursuant
to which the Securities of such series will be made subordinate in right of payment to Senior Indebtedness and the definition of
such Senior Indebtedness with respect to such series; and such Board Resolution, Officer’s Certificate or supplemental indenture,
as the case may be, establishing the terms of such series shall expressly state which articles, sections or other provisions thereof
constitute the “Subordination Provisions” with respect to the Securities of such series;

 

(10) the obligation,
if any, of the Issuer to redeem, purchase or repay Securities of the series pursuant to any mandatory redemption, sinking fund
or analogous provisions or at the option of a Holder thereof and the price or prices at which and the period or periods within
which or the date or dates on which, and any terms and conditions upon which Securities of the series shall be redeemed, purchased
or repaid, in whole or in part, pursuant to such obligation;

 

(11) if the Securities
of the series are to be convertible into or exchangeable for any other security or property of the Issuer, including, without limitation,
securities of another Person held by the Issuer or its Affiliates and, if so, the terms thereof;

 

(12) if other than
Dollars, the Foreign Currency or Foreign Currencies in which the Securities of the series are denominated;

 

(13) if other than
the coin, currency or currencies in which the Securities of the series are denominated, the coin, currency or currencies in which
payment of the principal of or interest on the Securities of such series shall be payable, including composite currencies or currency
units;

 

(14) if the principal
of or interest on the Securities of the series are to be payable, at the election of the Issuer or a Holder thereof, in a coin
or currency other than that in which the Securities are denominated, the period or periods within which, and the terms and conditions
upon which, such election may be made;

 

(15) the percentage
of the principal amount at which the Securities will be issued;

 

(16) the terms, if any,
pursuant to which any Security of any series may be subordinated to any of our other debt securities;

 

(17) if the amount
of payments of principal of and interest on the Securities of the series may be determined with reference to an index or formula,
or based on a coin, currency, composite currency or currency unit other than that in which the Securities of the series are denominated,
the manner in which such amounts shall be determined and the calculation agent with respect thereto;

 

(18) if other than the
principal amount thereof, the portion of the principal amount of Securities of the series which shall be payable upon declaration
of acceleration of the maturity thereof and the terms and conditions of any acceleration;

 

(19) any provisions for
the remarketing of the Securities of the series;

 

(20) if other than
denominations of $2,000 and any integral multiple thereof, the denominations in which Securities of the series shall be issuable;

 

(21) whether and
under what circumstances the Issuer will pay additional amounts on the Securities of the series held by a person who is not a U.S.
person in respect of any tax, assessment or governmental charge withheld or deducted and, if so, whether the Issuer will have the
option to redeem the Securities of the series rather than pay such additional amounts;

 

(22) if the Securities
of the series are to be issuable in definitive form (whether upon original issue or upon exchange of a temporary Security of such
series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, the form and terms of
such certificates, documents or conditions;

 

    	- 8 -

    	 

    

 

(23) any trustees,
depositaries, authenticating or paying agents, transfer agents or registrars of any other agents with respect to the Securities
of such series;

 

(24) any deletion
from, modification of or addition to the definitions, Events of Default, defeasance provisions, covenants or other provisions with
respect to the Securities of such series;

 

(25) if the Securities
of the series are to be secured by any assets or properties of the Issuer or any of its Affiliates;

 

(26) if the Securities
are to be guaranteed by any other entities; and

 

(27) any other terms
of the series.

 

All Securities of any
one series and Coupons, if any, appertaining thereto shall be substantially identical, except in the case of Registered Securities
as to denomination and except as may otherwise be provided by or pursuant to the Board Resolution or Officer’s Certificate
referred to above or as set forth in any indenture supplemental hereto. All Securities of any one series need not be issued at
the same time and may be issued from time to time without consent of any Holder, consistent with the terms of this Indenture, if
so provided by or pursuant to such Board Resolution, such Officer’s Certificate or in any indenture supplemental hereto.

 

2.4. AUTHENTICATION AND DELIVERY
OF SECURITIES. The Issuer may deliver Securities of any series having attached thereto appropriate Coupons, if any, executed by
the Issuer to the Trustee for authentication together with the applicable documents referred to below in this Section 2.4, and
the Trustee shall thereupon authenticate and deliver such Securities and Coupons, if any, to or upon the order of the Issuer (contained
in the Issuer Order referred to below in this Section) or pursuant to such procedures reasonably acceptable to the Trustee and
to such recipients as may be specified from time to time by an Issuer Order. The maturity date, original issue date, interest rate
and any other terms of the Securities of such series and Coupons, if any, appertaining thereto shall be determined by or pursuant
to such Issuer Order and procedures. If provided for in such procedures, such Issuer Order may authorize authentication and delivery
pursuant to electronic instructions from the Issuer or its duly authorized agent or agents.

 

In authenticating such Securities
and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled
to receive (in the case of subparagraphs (2), (3) and (4) below only at or before the time of the first request of the Issuer
to the Trustee to authenticate Securities of such series) and (subject to Section 6.1) shall be fully protected in conclusively
relying upon, the following enumerated documents unless and until such documents have been superseded or revoked:

 

(1) an Issuer Order
requesting such authentication and setting forth delivery instructions if the Securities and Coupons, if any, are not to be delivered
to the Issuer, provided that, with respect to Securities of a series subject to a Periodic Offering, (a) such Issuer Order
may be delivered by the Issuer to the Trustee prior to the delivery to the Trustee of such Securities for authentication and delivery,
(b) the Trustee shall authenticate and deliver Securities of such series for original issue from time to time, in an aggregate
principal amount not exceeding the aggregate principal amount established for such series, pursuant to an Issuer Order or pursuant
to procedures acceptable to the Trustee as may be specified from time to time by an Issuer Order, (c) the maturity date or dates,
original issue date or dates, interest rate or rates and any other terms of Securities of such series shall be determined by an
Issuer Order or pursuant to such procedures and (d) if provided for in such procedures, such Issuer Order may authorize authentication
and delivery pursuant to electronic instructions from the Issuer or its duly authorized agent or agents;

 

(2) any Board Resolution,
Officer’s Certificate and/or executed supplemental indenture referred to in Section 2.1 and 2.3 by or pursuant to which
the forms and terms of the Securities and Coupons, if any, were established;

 

    	- 9 -

    	 

    

 

(3) an Officer’s
Certificate stating that all conditions precedent to the issuance, authorization, authentication and delivery of the Securities
have been complied with; and  

 

(4) at the option
of the Issuer, either one or more Opinions of Counsel, or a letter addressed to the Trustee permitting it to rely on one or more
Opinions of Counsel, substantially to the effect that:

 

(a) that such Securities,
when authenticated and delivered by the Trustee and issued by the Issuer in the manner and subject to any conditions specified
in such Opinion of Counsel, will constitute valid and legally binding obligations of the Issuer, enforceable in accordance with
their terms, subject to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting
the enforcement of creditors’ rights and to general equity principles;

 

(b) the execution
and delivery by the Issuer of such Securities does not conflict with United States or New York law; and

 

(c) all conditions
precedent to the issuance, authorization, authentication and delivery of the Securities have been complied with.

 

Any counsel may state
that such opinions are limited to matters arising under the laws of the State of New York and the General Corporation Law of the
State of Delaware. Such counsel may rely upon opinions of other counsel (copies of which shall be delivered to the Trustee) reasonably
satisfactory to the Trustee, in which case the opinion shall state that such counsel believes he and the Trustee are entitled so
to rely. Such counsel may also state that, insofar as such opinion involves factual matters, he has relied, to the extent he deems
proper, upon certificates of officers of the Issuer and its subsidiaries and certificates of public officials.

 

The Trustee shall have
the right to decline to authenticate and deliver any Securities under this section if the Trustee, being advised by counsel, determines
that such action may not lawfully be taken by the Issuer or if the Trustee in good faith by its board of directors or board of
trustees, executive committee or a trust committee of directors or trustees shall determine that such action would expose the Trustee
to personal liability to existing Holders or would affect the Trustee’s own rights, duties or immunities under the Securities,
this Indenture or otherwise.

 

If the Issuer shall establish
pursuant to Section 2.3 that the Securities of a series are to be issued in the form of one or more Registered Global Securities,
then the Issuer shall execute and the Trustee shall, in accordance with this Section and the Issuer Order with respect to such
series, authenticate and deliver one or more Registered Global Securities that (i) shall represent and shall be denominated
in an amount equal to the aggregate principal amount of all of the Securities of such series issued and not yet cancelled, (ii) shall
be registered in the name of the Depositary for such Registered Global Security or Securities or the nominee of such Depositary,
(iii) shall be delivered by the Trustee to such Depositary or delivered or held pursuant to such Issuer’s instructions
and (iv) shall bear a legend substantially to the following effect:  

 

“Unless and until
it is exchanged in whole or in part for Securities in definitive registered form, this Security may not be transferred except as
a whole by the Depositary to the nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee
of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary.”

 

Each Depositary designated
pursuant to Section 2.3 must, at the time of its designation and at all times while it serves as Depositary, be a clearing
agency registered under the Exchange Act and any other applicable statute or regulation.

 

2.5. EXECUTION OF SECURITIES. The
Securities and each Coupon appertaining thereto, if any, shall be signed on behalf of the Issuer by the chairman of its Board of
Directors or its president, or any executive officer, a vice president or its secretary. Such signatures may be the manual or facsimile
signatures of the present or any future such officers. The seal of the Issuer may but need not be included or the Security affixed,
imprinted or otherwise reproduced on the Securities. Typographical and other minor errors or defects in any such signature shall
not affect the validity or enforceability of any Security that has been duly authenticated and delivered by the Trustee.

 

    	- 10 -

    	 

    

 

In case any officer of
the Issuer who shall have signed any of the Securities or Coupons, if any, shall cease to be such officer before the Security or
Coupon so signed (or the Security to which the Coupon so signed appertains) shall be authenticated and delivered by the Trustee
or disposed of by the Issuer, such Security or Coupon nevertheless may be authenticated and delivered or disposed of as though
the person who signed such Security or Coupon had not ceased to be such officer of the Issuer; and any Security or Coupon may be
signed on behalf of the Issuer by such persons as, at the actual date of the execution of such Security or Coupon, shall be the
proper officers of the Issuer, although at the date of the execution and delivery of this Indenture any such person was not such
an officer.

 

2.6. CERTIFICATE OF AUTHENTICATION.
Only such Securities as shall bear thereon a certificate of authentication substantially in the form hereinbefore recited, executed
by the Trustee by the manual signature of one of its authorized signatories, shall be entitled to the benefits of this Indenture
or be valid or obligatory for any purpose. No Coupon shall be entitled to the benefits of this Indenture or shall be valid and
obligatory for any purpose until the certificate of authentication on the Security to which such Coupon appertains shall have been
duly executed by the Trustee. The execution of such certificate by the Trustee upon any Security executed by the Issuer shall be
conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and that the Holder
is entitled to the benefits of this Indenture.

 

2.7. DENOMINATION AND DATE OF SECURITIES;
PAYMENT OF INTEREST. The Securities of each series shall be issuable as Registered Securities or Unregistered Securities in denominations
established as contemplated by Section 2.3 or, with respect to the Registered Securities of any series, if not so established,
in denominations of $2,000 and any integral multiple thereof. If denominations of Unregistered Securities of any series are not
so established, such Securities shall be issuable in denominations of $2,000. The Securities of each series shall be numbered,
lettered or otherwise distinguished in such manner or in accordance with such plan as the officers of the Issuer executing the
same may determine with the approval of the Trustee, as evidenced by the execution and authentication thereof.

 

Each Registered Security
shall be dated the date of its authentication. Each Unregistered Security shall be dated as provided in the Board Resolution referred
to in Section 2.3. The Securities of each series shall bear interest, if any, from the date, and such interest shall be payable
on the dates, established as contemplated by Section 2.3.

 

The person in whose name
any Registered Security of any series is registered at the close of business on any record date applicable to a particular series
with respect to any interest payment date for such series shall be entitled to receive the interest, if any, payable on such interest
payment date notwithstanding any transfer or exchange of such Registered Security subsequent to the record date and prior to such
interest payment date, except if and to the extent the Issuer shall default in the payment of the interest due on such interest
payment date for such series, in which case such defaulted interest shall be paid to the persons in whose names Outstanding Registered
Securities for such series are registered at the close of business on a subsequent record date (which shall be not less than five
Business Days prior to the date of payment of such defaulted interest) established by notice given by mail by or on behalf of the
Issuer to the Holders of Registered Securities not less than 15 days preceding such subsequent record date. The term “record
date” as used with respect to any interest payment date (except a date for payment of defaulted interest) for the Securities
of any series shall mean the date specified as such in the terms of the Registered Securities of such series established as contemplated
by Section 2.3, or, if no such date is so established, if such interest payment date is the first day of a calendar month,
the fifteenth day of the preceding calendar month or, if such interest payment date is the fifteenth day of a calendar month, the
first day of such calendar month, whether or not such record date is a Business Day.

 

    	- 11 -

    	 

    

2.8. REGISTRATION, TRANSFER AND EXCHANGE.
(a) The Issuer will keep at each office or agency to be maintained for the purpose as provided in Section 3.2 for each
series of Securities a register or registers in which, subject to such reasonable regulations as the Issuer may prescribe, it will
provide for the registration of Registered Securities of such series and the registration of transfer of Registered Securities
of such series. Such register shall be in written form in the English language or in any other form capable of being converted
into such form within a reasonable time. At all reasonable times such register or registers shall be open for inspection by the
Trustee.

 

Upon due presentation
for registration of transfer of any Registered Security of any series at any such office or agency to be maintained for the purpose
as provided in Section 3.2, the Issuer shall execute and the Trustee shall authenticate and deliver in the name of the transferee
or transferees a new Registered Security or Registered Securities of the same series, maturity date, interest rate and original
issue date in authorized denominations for a like aggregate principal amount.  

 

Unregistered Securities
(except for any temporary global Unregistered Securities) and Coupons (except for Coupons attached to any temporary global Unregistered
Securities) shall be transferable by delivery.

 

At the option of the
Holder thereof, Registered Securities of any series (other than a Registered Global Security, except as set forth below) may be
exchanged for a Registered Security or Registered Securities of such series having authorized denominations and an equal aggregate
principal amount, upon surrender of such Registered Securities to be exchanged at the agency of the Issuer that shall be maintained
for such purpose in accordance with Section 3.2 and upon payment, if the Issuer shall so require, of the charges hereinafter
provided. If the Securities of any series are issued in both registered and unregistered form, at the option of the Holder thereof,
except as otherwise specified pursuant to Section 2.3, Unregistered Securities of any series may be exchanged for Registered
Securities of such series having authorized denominations and an equal aggregate principal amount, upon surrender of such Unregistered
Securities to be exchanged at the agency of the Issuer that shall be maintained for such purpose in accordance with Section 3.2,
with, in the case of Unregistered Securities that have Coupons attached, all unmatured Coupons and all matured Coupons in default
thereto appertaining, and upon payment, if the Issuer shall so require, of the charges hereinafter provided. At the option of the
Holder thereof, if Unregistered Securities of any series, maturity date, interest rate and original issue date are issued in more
than one authorized denomination, except as otherwise specified pursuant to Section 2.3, such Unregistered Securities may
be exchanged for Unregistered Securities of such series having authorized denominations and an equal aggregate principal amount,
upon surrender of such Unregistered Securities to be exchanged at the agency of the Issuer that shall be maintained for such purpose
in accordance with Section 3.2 or as specified pursuant to Section 2.3, with, in the case of Unregistered Securities
that have Coupons attached, all unmatured Coupons and all matured Coupons in default thereto appertaining, and upon payment, if
the Issuer shall so require, of the charges hereinafter provided. Registered Securities of any series may not be exchanged for
Unregistered Securities of such series unless (1) otherwise specified pursuant to Section 2.3 and (2) the Issuer
has delivered to the Trustee an Opinion of Counsel that (x) the Issuer has received from the IRS a ruling or (y) since
the date hereof, there has been a change in the applicable United States Federal income tax law, in either case to the effect that
the inclusion of terms permitting Registered Securities to be exchanged for Unregistered Securities would result in no United States
Federal income tax effect adverse to the Issuer or to any Holder. Whenever any Securities are so surrendered for exchange, the
Issuer shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled
to receive. All Securities and Coupons, if any, surrendered upon any exchange or transfer provided for in this Indenture shall
be promptly cancelled and disposed of by the Trustee in accordance with its regular procedures.

 

All Registered Securities
presented for registration of transfer, exchange, redemption or payment shall (if so required by the Issuer or the Trustee) be
duly endorsed, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Issuer and the
Trustee duly executed, by the Holder or his attorney duly authorized in writing.  

 

The Issuer or the registrar
may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any
exchange or registration of transfer of Securities. No service charge shall be made for any such transaction.

 

    	- 12 -

    	 

    

The Issuer shall not
be required to exchange or register a transfer of (a) any Securities of any series for a period of 15 days preceding
the first mailing of notice of redemption of Securities of such series to be redeemed or (b) any Securities selected, called
or being called for redemption, in whole or in part, except, in the case of any Security to be redeemed in part, the portion thereof
not so to be redeemed.

 

Notwithstanding any other
provision of this Section 2.8, unless and until it is exchanged in whole or in part for Securities in definitive registered
form, a Registered Global Security representing all or a portion of the Securities of a series may not be transferred except as
a whole by the Depositary for such series to a nominee of such Depositary or by a nominee of such Depositary to such Depositary
or another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for such series or a
nominee of such successor Depositary.

 

If at any time the Depositary
for any Registered Securities of a series represented by one or more Registered Global Securities notifies the Issuer that it is
unwilling or unable to continue as Depositary for such Registered Securities or if at any time the Depositary for such Registered
Securities shall no longer be eligible under Section 2.4, the Issuer shall appoint a successor Depositary eligible under Section 2.4
with respect to such Registered Securities. If a successor Depositary eligible under Section 2.4 for such Registered Securities
is not appointed by the Issuer within 90 days after the Issuer receives such notice or becomes aware of such ineligibility,
the Issuer’s election pursuant to Section 2.3 that such Registered Securities be represented by one or more Registered
Global Securities shall no longer be effective and the Issuer will execute, and the Trustee, upon receipt of an Officer’s
Certificate for the authentication and delivery of definitive Securities of such series, will authenticate and deliver, Securities
of such series in definitive registered form without coupons, in any authorized denominations, in an aggregate principal amount
equal to the principal amount of the Registered Global Security or Securities representing such Registered Securities in exchange
for such Registered Global Security or Securities.

 

The Issuer may at any
time and in its sole discretion determine that the Registered Securities of any series issued in the form of one or more Registered
Global Securities shall no longer be represented by a Registered Global Security or Securities. In such event the Issuer will execute,
and the Trustee, upon receipt of any Officer’s Certificate for the authentication and delivery of definitive Securities of
such series, will authenticate and deliver, Securities of such series in definitive registered form without coupons, in any authorized
denominations, in an aggregate principal amount equal to the principal amount of the Registered Global Security or Securities representing
such Registered Securities, in exchange for such Registered Global Security or Securities.

 

If specified by the Issuer
pursuant to Section 2.3 with respect to Securities represented by a Registered Global Security, the Depositary for such Registered
Global Security may surrender such Registered Global Security in exchange in whole or in part for Securities of the same series
in definitive registered form on such terms as are acceptable to the Issuer and such Depositary. Thereupon, the Issuer shall execute,
and the Trustee shall authenticate and deliver, without service charge,

 

(i) to the Person specified
by such Depositary a new Registered Security or Securities of the same series, of any authorized denominations as requested by
such Person, in an aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the Registered
Global Security; and

 

(ii) to such Depositary
a new Registered Global Security in a denomination equal to the difference, if any, between the principal amount of the surrendered
Registered Global Security and the aggregate principal amount of Registered Securities authenticated and delivered pursuant to
clause (i) above.

 

Upon the exchange of
a Registered Global Security for Securities in definitive registered form without coupons, in authorized denominations, such Registered
Global Security shall be cancelled by the Trustee or an agent of the Issuer or the Trustee. Securities in definitive registered
form without coupons issued in exchange for a Registered Global Security pursuant to this Section 2.8 shall be registered
in such names and in such authorized denominations as the Depositary for such Registered Global Security, pursuant to instructions
from its direct or indirect participants or otherwise, shall instruct the Trustee or an agent of the Issuer or the Trustee. The
Trustee or such agent shall deliver such Securities to or as directed by the Persons in whose names such Securities are so registered.

 

    	- 13 -

    	 

    

 

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

 

Notwithstanding anything
herein or in the terms of any series of Securities to the contrary, none of the Issuer, the Trustee or any agent of the Issuer
or the Trustee (any of which, other than the Issuer, shall conclusively rely on an Officer’s Certificate and an Opinion of
Counsel) shall be required to exchange any Unregistered Security for a Registered Security if such exchange would result in United
States Federal income tax consequences adverse to the Issuer (such as, for example, the inability of the Issuer to deduct from
its income, as computed for United States Federal income tax purposes, the interest payable on the Unregistered Securities) under
then applicable United States Federal income tax laws. The Trustee shall have no responsibility for any actions taken or not taken
by the Depositary.

 

The Trustee shall have
no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture
or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among
Depositary participants or beneficial owners of interests in any Registered Global Security) other than to require delivery of
such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required
by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements
hereof.

 

2.9. MUTILATED, DEFACED, DESTROYED,
LOST AND STOLEN SECURITIES. In case any temporary or definitive Security or any Coupon appertaining to any Security shall be mutilated,
defaced, destroyed, lost or stolen, the Issuer in its discretion may execute and, upon the written request of any officer of the
Issuer, the Trustee shall authenticate and deliver, a new Security of the same series, maturity date, interest rate and original
issue date, bearing a number or other distinguishing symbol not contemporaneously outstanding, in exchange and substitution for
the mutilated or defaced Security, or in lieu of and in substitution for the Security so destroyed, lost or stolen with Coupons
corresponding to the Coupons appertaining to the Securities so mutilated, defaced, destroyed, lost or stolen, or in exchange or
substitution for the Security to which such mutilated, defaced, destroyed, lost or stolen Coupon appertained, with Coupons appertaining
thereto corresponding to the Coupons so mutilated, defaced, destroyed, lost or stolen. In every case, the applicant for a substitute
Security or Coupon shall furnish to the Issuer and to the Trustee and any agent of the Issuer or the Trustee such security or indemnity
as may be required by them to indemnify and defend and to save each of them harmless and, in every case of destruction, loss or
theft, evidence to their satisfaction of the destruction, loss or theft of such Security or Coupon and of the ownership thereof,
and in the case of mutilation or defacement shall surrender the Security and related Coupons to the Trustee or such agent.

 

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

 

Every substitute Security
or Coupon of any series issued pursuant to the provisions of this Section by virtue of the fact that any such Security or Coupon
is destroyed, lost or stolen shall constitute an additional contractual obligation of the Issuer, whether or not the destroyed,
lost or stolen Security or Coupon shall be at any time enforceable by anyone and shall be entitled to all the benefits of (but
shall be subject to all the limitations of rights set forth in) this Indenture equally and proportionately with any and all other
Securities or Coupons of such series duly authenticated and delivered hereunder. All Securities and Coupons shall be held and owned
upon the express condition that, to the extent permitted by law, the foregoing provisions are exclusive with respect to the replacement
or payment of mutilated, defaced or destroyed, lost or stolen Securities and Coupons and shall preclude any and all other rights
or remedies notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the replacement or
payment of negotiable instruments or other securities without their surrender.

 

    	- 14 -

    	 

    

 

2.10. CANCELLATION OF SECURITIES.
All Securities and Coupons surrendered for payment, redemption, registration of transfer or exchange, or for credit against any
payment in respect of a sinking or analogous fund, if any, if surrendered to the Issuer or any agent of the Issuer or the Trustee
or any agent of the Trustee, shall be delivered to the Trustee or its agent for cancellation or, if surrendered to the Trustee,
shall be cancelled by it; and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of
the provisions of this Indenture. The Trustee or its agent shall dispose of cancelled Securities and Coupons held by it in accordance
with its regular procedures. If the Issuer or its agent shall acquire any of the Securities or Coupons, such acquisition shall
not operate as a redemption or satisfaction of the indebtedness represented by such Securities or Coupons unless and until the
same are delivered to the Trustee or its agent for cancellation.

 

2.11. TEMPORARY SECURITIES. Pending
the preparation of definitive Securities for any series, the Issuer may execute and the Trustee shall authenticate and deliver
temporary Securities for such series (printed, lithographed, typewritten or otherwise reproduced, in each case in form satisfactory
to the Trustee). Temporary Securities of any series shall be issuable as Registered Securities without coupons, or as Unregistered
Securities with or without coupons attached thereto, of any authorized denomination, and substantially in the form of the definitive
Securities of such series but with such omissions, insertions and variations as may be appropriate for temporary Securities, all
as may be determined by the Issuer with the concurrence of the Trustee as evidenced by the execution and authentication thereof.
Temporary Securities may contain such references to any provisions of this Indenture as may be appropriate. Every temporary Security
shall be executed by the Issuer and be authenticated by the Trustee upon the same conditions and in substantially the same manner,
and with like effect, as the definitive Securities. Without unreasonable delay the Issuer shall execute and shall furnish definitive
Securities of such series and thereupon temporary Registered Securities of such series may be surrendered in exchange therefor
without charge at each office or agency to be maintained by the Issuer for that purpose pursuant to Section 3.2 and, in the
case of Unregistered Securities, at any agency maintained by the Issuer for such purpose as specified pursuant to Section 2.3,
and the Trustee shall authenticate and deliver in exchange for such temporary Securities of such series an equal aggregate principal
amount of definitive Securities of the same series having authorized denominations and, in the case of Unregistered Securities,
having attached thereto any appropriate Coupons. Until so exchanged, the temporary Securities of any series shall be entitled to
the same benefits under this Indenture as definitive Securities of such series, unless otherwise established pursuant to Section 2.3.
The provisions of this Section are subject to any restrictions or limitations on the issue and delivery of temporary Unregistered
Securities of any series that may be established pursuant to Section 2.3 (including any provision that Unregistered Securities
of such series initially be issued in the form of a single global Unregistered Security to be delivered to a depositary or agency
located outside the United States and the procedures pursuant to which definitive or global Unregistered Securities of such series
would be issued in exchange for such temporary global Unregistered Security).  

 

2.12. CUSIP NUMBERS. The Issuer in
issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP”
numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation
is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption
and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall
not be affected by any defect in or omission of such numbers. The Issuer will promptly notify the Trustee in writing of any change
in the “CUSIP” numbers.

  

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ARTICLE
III

COVENANTS

 

3.1. PAYMENT OF PRINCIPAL AND INTEREST.
The Issuer covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay or cause to be
paid the principal of, and interest on, if any, each of the Securities of such series (together with any additional amounts payable
pursuant to the terms of such Securities) at the place or places, at the respective time or times and in the manner provided in
such Securities and in the Coupons, if any, appertaining thereto and in this Indenture. The interest on Securities with Coupons
attached (together with any additional amounts payable pursuant to the terms of such Securities) shall be payable only upon presentation
and surrender of the several Coupons for such interest installments as are evidenced thereby as they severally mature. If any temporary
Unregistered Security provides that interest thereon may be paid while such Security is in temporary form, the interest on any
such temporary Unregistered Security (together with any additional amounts payable pursuant to the terms of such Security) shall
be paid, as to the installments of interest evidenced by Coupons attached thereto, if any, only upon presentation and surrender
thereof, and, as to the other installments of interest, if any, only upon presentation of such Securities for notation thereon
of the payment of such interest, in each case subject to any restrictions that may be established pursuant to Section 2.3.
The interest, if any, on Registered Securities (together with any additional amounts payable pursuant to the terms of such Securities)
shall be payable only to or upon the written order of the Holders thereof and, at the option of the Issuer, may be paid by wire
transfer or by mailing checks for such interest payable to or upon the written order of such Holders at their last addresses as
they appear on the Securities register of the Issuer.

 

3.2. OFFICES FOR PAYMENTS. So long
as any Registered Securities are authorized for issuance pursuant to this Indenture or are outstanding hereunder, the Issuer will
maintain in the Borough of Manhattan, The City of New York, an office or agency (which may be the office of the Trustee) where
the Registered Securities of each series may be presented for payment, where the Securities of each series may be presented for
exchange as is provided in this Indenture and, if applicable, pursuant to Section 2.3 and where the Registered Securities
of each series may be presented for registration of transfer as in this Indenture provided.  

 

The Issuer will maintain
in the Borough of Manhattan, The City of New York, an office or agency where notices and demands to or upon the Issuer in respect
of the Securities of any series, the Coupons appertaining thereto or this Indenture may be served.

 

The Issuer will give
to the Trustee written notice of the location of each such office or agency and of any change of location thereof. In case the
Issuer shall fail to maintain any agency required by this Section to be located in the Borough of Manhattan, The City of New York,
or shall fail to give such notice of the location or for any change in the location of any of the above agencies, presentations
and demands may be made and notices may be served at the designated office of the Trustee.

 

The Issuer may from time
to time designate one or more additional offices or agencies where the Securities of a series and any Coupons appertaining thereto
may be presented for payment, where the Securities of that series may be presented for exchange as provided in this Indenture and
pursuant to Section 2.3 and where the Registered Securities of that series may be presented for registration of transfer as
in this Indenture provided, and the Issuer may from time to time rescind any such designation, as the Issuer may deem desirable
or expedient; provided, that no such designation or rescission shall in any manner relieve the Issuer of its obligations
to maintain the agencies provided for in this Section. The Issuer shall give to the Trustee prompt written notice of any such designation
or rescission thereof.

 

3.3. APPOINTMENT TO FILL A VACANCY
IN OFFICE OF TRUSTEE. The Issuer, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the
manner provided in Section 6.9, a Trustee, so that there shall at all times be a Trustee with respect to each series of Securities
hereunder.

 

3.4. PAYING AGENTS. Whenever the
Issuer shall appoint a paying agent other than the Trustee with respect to the Securities of any series, it will cause such paying
agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions
of this Section,

 

(a) that it will
hold all sums received by it as such agent for the payment of the principal of or interest on the Securities of such series (whether
such sums have been paid to it by the Issuer or by any other obligor on the Securities of such series) in trust for the benefit
of the Holders of the Securities of such series, or Coupons appertaining thereto, if any, or of the Trustee;

 

    	- 16 -

    	 

    

 

(b) that it will
give the Trustee notice of any failure by the Issuer (or by any other obligor on the Securities of such series) to make any payment
of the principal of or interest on the Securities of such series when the same shall be due and payable; and

 

(c) that it will
pay any such sums so held in trust by it to the Trustee upon the Trustee’s written request at any time during the continuance
of the failure referred to in the foregoing clause (b).

 

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

 

If the Issuer shall act
as its own paying agent with respect to the Securities of any series, it will, on or before each due date of the principal of or
interest on the Securities of such series, set aside, segregate and hold in trust for the benefit of the Holders of the Securities
of such series or the Coupons appertaining thereto a sum sufficient to pay such principal or interest so becoming due. The Issuer
will promptly notify the Trustee of any failure to take such action.

 

Anything in this Section
to the contrary notwithstanding, but subject to Section 10.1, the Issuer may at any time, for the purpose of obtaining a satisfaction
and discharge with respect to one or more or all series of Securities hereunder, or for any other reason, pay or cause to be paid
to the Trustee all sums held in trust for any such series by the Issuer or any paying agent hereunder, as required by this Section,
such sums to be held by the Trustee upon the trusts herein contained.

 

Anything in this Section to the contrary
notwithstanding, the agreement to hold sums in trust as provided in this Section is subject to the provisions of Sections 10.5
and 10.6.

 

3.5. COMPLIANCE CERTIFICATES. When
any Securities are Outstanding, the Issuer will furnish to the Trustee on or before the 120th day before the end of
each fiscal year a brief certificate (which need not comply with Section 11.5) from the principal executive, financial or
accounting officer of the Issuer stating that in the course of the performance by the signer of his or her duties as an officer
of the Issuer he or she would normally have knowledge of any default or non-compliance by the Issuer in the performance of any
covenants or conditions contained in this Indenture, stating whether or not he or she has knowledge of any such default or non-compliance
(without regard to notice requirements or grace periods) and, if so, describing each such default or non-compliance of which the
signer has knowledge and the nature thereof.

 

The Issuer shall deliver
to the Trustee, as soon as possible after the Issuer becomes aware of the occurrence of any Event of Default or an event which,
with notice or the lapse of time or both, would constitute an Event of Default, an Officer’s Certificate setting forth the
details of such Event of Default or default and the action which the Issuer proposes to take with respect thereto.

 

3.6. CORPORATE EXISTENCE. Subject
to Article IX, when any Securities are Outstanding, the Issuer will do or cause to be done all things necessary to preserve
and keep in full force and effect its corporate existence and the rights (charter and statutory), licenses and franchises of the
Issuer and its Subsidiaries; provided, that the Issuer shall not be required to preserve any such right, license or franchise,
if, in the judgment of the Issuer, the preservation thereof is no longer necessary or desirable in the conduct of the business
of the Issuer and its Subsidiaries taken as a whole and the loss thereof is not disadvantageous in any material respect to the
Securityholders.  

 

    	- 17 -

    	 

    

 

ARTICLE
IV

SECURITYHOLDER LISTS AND REPORTS BY THE

ISSUER AND THE TRUSTEE 

 

4.1. SECURITYHOLDER LISTS. If and
so long as the Trustee shall not be the Security registrar for the Securities of any series, the Issuer and any other obligor on
the Securities will furnish or cause to be furnished to the Trustee a list in such form as the Trustee may reasonably require of
the names and addresses of the Holders of the Registered Securities of such series pursuant to Section 312 of the Trust Indenture
Act:

 

(a) semi-annually
not more than 5 days after each record date for the payment of interest on such Registered Securities, as hereinabove specified,
as of such record date and on dates to be determined pursuant to Section 2.3 for non-interest bearing Registered Securities
in each year; and

 

(b) at such other
times as the Trustee may reasonably request in writing, within thirty days after receipt by the Issuer of any such request as of
a date not more than 15 days prior to the time such information is furnished.

 

4.2. REPORTS BY THE ISSUER. To the
extent any Securities are Outstanding, the Issuer covenants to file with the Trustee copies of the annual reports and of the information,
documents, and other reports that the Issuer may be required to file with the Commission pursuant to Section 314 of the Trust Indenture
Act.

 

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 Issuer’s
compliance with any covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates).

 

4.3. REPORTS BY THE TRUSTEE.

 

(a) The Trustee
shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant
to the Trust Indenture Act at the times and in the manner provided pursuant thereto. If required by Section 313(a) of the Trust
Indenture Act, the Trustee shall, within sixty days after each May 15 following the date of the initial issuance of Securities
under this Indenture deliver to Holders a brief report, dated as of such May 15, which complies with the provisions of such
Section 313(a).

 

(b) A copy of each
such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange, if any, upon
which the Securities are listed, with the Commission and with the Issuer. The Issuer will promptly notify the Trustee in writing
when the Securities are listed on any stock exchange and of any delisting thereof.  

 

ARTICLE
V

EVENTS OF 

DEFAULT 

 

5.1. EVENTS OF DEFAULT. “Event
of Default” with respect to Securities of any series, wherever used herein, means any one of the following events which shall
have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary
or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of
any administrative or governmental body):

 

(a) default in the
payment of any installment of interest upon any of the Securities of such series as and when the same shall become due and payable,
and continuance of such default for a period of 30 days; provided that, a valid extension of an interest payment period
by the Issuer in accordance with the terms of such Securities shall not constitute a failure to pay interest; or

 

    	- 18 -

    	 

    

 

(b) default in the
payment of all or any part of the principal or premium (if any) on any of the Securities of such series as and when the same shall
become due and payable either at maturity, upon any redemption, by declaration or otherwise; or

 

(c) default in the
payment of any sinking fund installment as and when the same shall become due and payable by the terms of the Securities of such
series; or

 

(d) failure on the
part of the Issuer, or if any series of Securities Outstanding under this Indenture is entitled to the benefits of one or more
Guarantees, any of the Subsidiary Guarantors, duly to observe or perform any other of the covenants or agreements on the part of
the Issuer, or if applicable, any of the Subsidiary Guarantors, in the Securities of such series or contained in this Indenture
(other than a covenant or agreement included in this Indenture solely for the benefit of a series of Securities other than such
series) for a period of 90 days after the date on which written notice specifying such failure, stating that such notice is
a “Notice of Default” hereunder and demanding that the Issuer, or if applicable, the Subsidiary Guarantors, remedy
the same, shall have been given by registered or certified mail, return receipt requested, to the Issuer, or if applicable, the
Subsidiary Guarantors, by the Trustee, or to the Issuer, or if applicable, the Subsidiary Guarantors, and the Trustee by the holders
of at least 25% in aggregate principal amount of the Outstanding Securities of the series to which such covenant or agreement relates;
or

 

(e) a court having
jurisdiction in the premises shall enter a decree or order for relief in respect of the Issuer, or if any series of Securities
Outstanding under this Indenture is entitled to the benefits of one or more Guarantees, any Subsidiary Guarantor which is a Significant
Subsidiary, in an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect,
or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the Issuer, or if any
series of Securities Outstanding under this Indenture is entitled to the benefits of one or more Guarantees, any Subsidiary Guarantor
which is a Significant Subsidiary, for any substantial part of its property or ordering the winding up or liquidation of its affairs,
and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or

 

(f) the Issuer, or if
any series of Securities Outstanding under this Indenture is entitled to the benefits of one or more Guarantees, any Subsidiary
Guarantor that is a Significant Subsidiary, shall commence a voluntary case under any applicable bankruptcy, insolvency or other
similar law now or hereafter in effect, or consent to the entry of an order for relief in an involuntary case under any such law,
or consent to the appointment or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar
official) of the Issuer, or if any series of Securities Outstanding under this Indenture is entitled to the benefits of one or
more Guarantees, any Subsidiary Guarantor that is a Significant Subsidiary, or for any substantial part of its or their property,
or make any general assignment for the benefit of creditors;

 

(g) if any series of
Securities Outstanding under this Indenture is entitled to the benefits of one or more Guarantees, the Guarantee of any of the
Subsidiary Guarantors ceases to be in full force and effect in any material respect with respect to Securities of that series (except
as otherwise provided in this Indenture) or is declared null and void in a judicial proceeding or any of the Subsidiary Guarantors
denies or disaffirms its obligations under this Indenture or such Guarantee; or

 

(h) 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.

 

If an Event of Default
described in clause (a), (b), (c), (d), (g) or (h) occurs and is continuing, then, and in each and every such case, except
for any series of Securities the principal of which 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 each such affected series then Outstanding hereunder (each
such series voting as a separate class) by notice in writing to the Issuer (and to the Trustee if given by Securityholders), may
declare the entire principal (or, if the Securities of such series are Original Issue Discount Securities, such portion of the
principal amount as may be specified in the terms of such series) of all Securities of such series, and the interest accrued thereon,
if any, to be due and payable immediately, and upon any such declaration, the same shall become immediately due and payable.

 

    	- 19 -

    	 

    

 

If an Event of Default
described in clause (e) or (f) above occurs and is continuing, then the principal amount of all of the Securities then
Outstanding, and the interest accrued thereon, if any, shall become and be immediately due and payable without any declaration
or other act on the part of the Trustee or any Holder.

 

The foregoing provisions
are subject to the condition that if, at any time after the principal (or, if the Securities are Original Issue Discount Securities,
such portion of the principal as may be specified in the terms thereof) of the Securities of any series (or of all the Securities,
as the case may be) shall have been so declared due and payable, and before any judgment or decree for the payment of the moneys
due shall have been obtained or entered as hereinafter provided,

 

(A) the Issuer shall
pay or shall deposit with the Trustee a sum sufficient to pay

 

(i) all matured installments
of interest upon all the Securities of such series (or all the Securities, as the case may be); and

 

(ii) the principal of
any and all Securities of such series (or of all the Securities, as the case may be) which shall have become due otherwise than
by acceleration; and

 

(iii) interest upon such
principal and, to the extent that payment of such interest is enforceable under applicable law, on overdue installments of interest,
at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in
the Securities of such series (or at the respective rates of interest or Yields to Maturity of all the Securities, as the case
may be) to the date of such payment or deposit; and

 

(iv) all amounts payable
to the Trustee pursuant to Section 6.6; and

 

(B) all Events of
Default under the Indenture, other than the non-payment of the principal of Securities which shall have become due by acceleration,
shall have been cured, waived or otherwise remedied as provided herein, then and in every such case the Holders of a majority in
aggregate principal amount of all the Securities of such series voting as a separate class then Outstanding, by written notice
to the Issuer and to the Trustee, may waive all defaults with respect to such series and rescind and annul such declaration and
its consequences, but no such waiver or rescission and annulment shall extend to or shall affect any subsequent default or shall
impair any right consequent thereon.

 

For all purposes under
this Indenture, if a portion of the principal of any Original Issue Discount Securities shall have been accelerated and declared
due and payable pursuant to the provisions hereof, then, from and after such declaration, unless such declaration has been rescinded
and annulled, the principal amount of such Original Issue Discount Securities shall be deemed, for all purposes hereunder, to be
such portion of the principal thereof as shall be due and payable as a result of such acceleration, and payment of such portion
of the principal thereof as shall be due and payable as a result of such acceleration, together with interest, if any, thereon
and all other amounts owing thereunder, shall constitute payment in full of such Original Issue Discount Securities.

 

5.2. COLLECTION OF INDEBTEDNESS BY
TRUSTEE. The Issuer covenants that (a) in case default shall be made in the payment of any installment of interest on any
of the Securities of any series when such interest shall have become due and payable, and such default shall have continued for
a period of 30 days, or (b) in case default shall be made in the payment of all or any part of the principal of any of
the Securities of any series when the same shall have become due and payable, whether upon maturity of the Securities of such series
or upon any redemption or by declaration or otherwise, then upon demand of the Trustee, the Issuer will pay to the Trustee for
the benefit of the Holders of the Securities of such series the whole amount that then shall have become due and payable on all
Securities of such series, and such Coupons, for principal and interest, as the case may be (with interest to the date of such
payment upon the overdue principal and, to the extent that payment of such interest is enforceable under applicable law, on overdue
installments of interest at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount
Securities) specified in the Securities of such series); and in addition thereto, such further amount as shall be sufficient to
cover the costs and expenses of collection, and such other amount due the Trustee under Section 6.6 in respect of Securities
of such series. Until such demand is made by the Trustee, the Issuer may pay the principal of and interest on the Securities of
any series to the registered Holders, whether or not the Securities of such series be overdue.  

 

    	- 20 -

    	 

    

 

In case the Issuer shall
fail forthwith to pay such amounts upon such demand, the Trustee, in its own name as trustee of an express trust, shall be entitled
and empowered to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid, and
may prosecute any such action or proceedings to judgment or final decree, and may enforce any such judgment or final decree against
the Issuer, any Subsidiary Guarantor or any other obligor upon the Securities and collect in the manner provided by law out of
the property of the Issuer, any Subsidiary Guarantor or any other obligor upon the Securities, wherever situated, all the moneys
adjudged or decreed to be payable.

 

In case there shall be
pending proceedings relative to the Issuer, any Subsidiary Guarantor or any other obligor upon the Securities under Title 11 of
the United States Code or any other applicable Federal or state bankruptcy, insolvency or other similar law, or in case a receiver,
assignee or trustee in bankruptcy or reorganization, liquidator, sequestrator or similar official shall have been appointed for
or taken possession of the Issuer or its property or such other obligor, or in case of any other comparable judicial proceedings
relative to the Issuer, any Subsidiary Guarantor or any other obligor upon the Securities, or to the creditors or property of the
Issuer or such other obligor, 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 pursuant
to the provisions of this Section, shall be entitled and empowered, by intervention in such proceedings or otherwise:

 

(a) to file and prove a claim
or claims for the whole amount of principal and interest (or, if the Securities of any series are Original Issue Discount Securities,
such portion of the principal amount as may be specified in the terms of such series) owing and unpaid in respect of the Securities
of any series, and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee
(including any claim for amounts payable to the Trustee under Section 6.6) and of the Securityholders allowed in any judicial
proceedings relative to the Issuer, any Subsidiary Guarantor or any other obligor upon the Securities, or to the creditors or property
of the Issuer or such other obligor; and

 

(b) unless prohibited
by applicable law and regulations, to vote on behalf of the holders of the Securities of any series in any election of a receiver,
assignee, trustee or a standby trustee in arrangement, reorganization, liquidation or other bankruptcy or insolvency proceedings,
custodian or other person performing similar functions in respect of any such proceedings; and

 

(c) to collect and
receive any moneys or other property payable or deliverable on any such claims, and to distribute all amounts received with respect
to the claims of the Securityholders and of the Trustee on their behalf; and any trustee, receiver, or liquidator, custodian or
other similar official performing similar functions in respect of any such proceedings is hereby authorized by each of the Securityholders
to make payments to the Trustee, and, in the event that the Trustee shall consent to the making of payments directly to the Securityholders,
to pay to the Trustee its costs and expenses of collection and all other amounts due to it pursuant to Section 6.6.

 

Nothing herein contained
shall be deemed to authorize the Trustee to authorize or consent to or vote for or accept or adopt on behalf of any Securityholder
any plan of reorganization, arrangement, adjustment or composition affecting the Securities of any series 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, except
as aforesaid in clause (b).

 

All rights of action
and of asserting claims under this Indenture, or under any of the Securities of any series or Coupons appertaining to such Securities,
may be enforced by the Trustee without the possession of any of the Securities of such series or Coupons appertaining to such Securities
or the production thereof in any trial or other proceedings relative thereto, and any such action or proceedings instituted by
the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall be awarded to the
Trustee for ratable distribution to the Holders of the Securities or Coupons appertaining to such Securities in respect of which
such action was taken, after payment of all sums due to the Trustee under Section 6.6 in respect of such Securities.

 

    	- 21 -

    	 

    

 

In any proceedings brought
by the Trustee (and also any proceedings involving the interpretation of any provision of this Indenture to which the Trustee shall
be a party) the Trustee shall be held to represent all the Holders of the Securities or Coupons appertaining to such Securities
in respect to which such action was taken, and it shall not be necessary to make any Holders of such Securities or Coupons appertaining
to such Securities parties to any such proceedings.

 

5.3. APPLICATION OF PROCEEDS. Any
moneys collected by the Trustee pursuant to this Article in respect of any series shall be applied in the following order at the
date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal or interest, upon presentation
of the several Securities and Coupons appertaining to such Securities in respect of which monies have been collected and stamping
(or otherwise noting) thereon the payment, or issuing Securities of such series in reduced principal amounts in exchange for the
presented Securities of like series if only partially paid, or upon surrender thereof if fully paid:

 

FIRST: To the payment
of costs and expenses applicable to such series of Securities in respect of which monies have been collected, including all amounts
due to the Trustee and each predecessor Trustee pursuant to Section 6.6 in respect to such series of Securities;

 

SECOND: To the payment
of amounts then due and unpaid to the holders of Senior Indebtedness with respect to such series, to the extent required pursuant
to the Subordination Provisions established with respect to the Securities of such series pursuant to Section 2.3(9).

 

THIRD: In case the principal
of the Securities of such series in respect of which moneys have been collected shall not have become and be then due and payable,
to the payment of interest on the Securities of such series in default in the order of the maturity of the installments on such
interest, with interest (to the extent that such interest has been collected by the Trustee and is permitted by applicable law)
upon the overdue installments of interest at the same rate as the rate of interest or Yield to Maturity (in the case of Original
Issue Discount Securities) specified in such Securities, such payments to be made ratably to the persons entitled thereto, without
discrimination or preference;

 

FOURTH: In case the principal
of the Securities of such series in respect of which moneys have been collected shall have become and shall be then due and payable,
to the payment of the whole amount then owing and unpaid upon all the Securities of such series for principal and interest, with
interest upon the overdue principal, and (to the extent that such interest has been collected by the Trustee and is permitted by
applicable law) upon the overdue installations of interest at the same rate as the rate of interest or Yield to Maturity (in the
case of Original Issue Discount Securities) specified in the Securities of such series; and in case such moneys shall be insufficient
to pay in full the whole amount so due and unpaid upon the Securities of such series, then to the payment of such principal and
interest or Yield to Maturity, without preference or priority of principal over interest or Yield to Maturity, or of interest or
Yield to Maturity over principal, or of any installment of interest over any other installment of interest or of any Security of
such series over any other Security of such series, ratably to the aggregate of such principal and accrued and unpaid interest
or Yield to Maturity; and

 

FIFTH: To the payment
of the remainder, if any, to the Issuer and any Subsidiary Guarantors, as applicable, or to such party as a court of competent
jurisdiction shall direct.

 

5.4. SUITS FOR ENFORCEMENT. In case
an Event of Default has occurred, has not been waived and is continuing, the Trustee may in its discretion proceed to protect and
enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual
to protect and enforce any of such rights, either at law or in equity or in bankruptcy or otherwise, whether for the specific enforcement
of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture or to
enforce any other legal or equitable right vested in the Trustee by this Indenture or by law.

 

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5.5. RESTORATION OF RIGHTS ON ABANDONMENT
OF PROCEEDINGS. In case the Trustee shall have proceeded to enforce any right under this Indenture and such proceedings shall have
been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee, then and in every such case
the Issuer and the Trustee shall be restored respectively to their former positions and rights hereunder, and all rights, remedies
and powers of the Issuer, the Trustee and the Securityholders shall continue as though no such proceedings had been taken.

 

5.6. LIMITATIONS ON SUITS BY SECURITY
HOLDERS. No Holder of any Security of any series or of any Coupon appertaining thereto shall have any right by virtue or by availing
of any provision of this Indenture to institute any action or proceeding at law or in equity or in bankruptcy or otherwise upon
or under or with respect to this Indenture or such Security, or for the appointment of a trustee, receiver, liquidator, custodian
or other similar official or for any other remedy hereunder or thereunder, unless (a) such Holder previously shall have given
to a Responsible Officer of the Trustee written notice of an Event of Default with respect to Securities of such series and of
the continuance thereof, as hereinbefore provided, and (b) the Holders of not less than 25% in aggregate principal amount
of the Securities of such affected series then Outstanding (treated as a single class) shall have made written request upon the
Trustee to institute such action or proceedings in its own name as Trustee hereunder and shall have offered to the Trustee security
or indemnity satisfactory to it against the costs, expenses and liabilities to be incurred therein or thereby, and (c) the
Trustee for 60 days after its receipt of such notice, request and offer of indemnity shall have failed to institute any such
action or proceeding, and (d) no direction inconsistent with such written request shall have been given to the Trustee pursuant
to Section 5.9; it being understood and intended, and being expressly covenanted by the taker and Holder of every Security
or Coupon with every other taker and Holder and the Trustee, that no one or more Holders of Securities of any series or Coupons
appertaining to such Securities shall have any right in any manner whatever by virtue or by availing of any provision of this Indenture
or any Security to affect, disturb or prejudice the rights of any other such taker or Holder of Securities or Coupons appertaining
to such Securities, or to obtain or seek to obtain priority over or preference to any other such taker or Holder (it being understood
that the Trustee does not have an affirmative duty to ascertain whether or not such actions or forbearances are unduly prejudicial
to such Holders) or to enforce any right under this Indenture or any Security, except in the manner herein provided and for the
equal, ratable and common benefit of all Holders of Securities of the applicable series and Coupons appertaining to such Securities.
For the protection and enforcement of the provisions of this Section, each and every Securityholder and the Trustee shall be entitled
to such relief as can be given either at law or in equity.

 

5.7. UNCONDITIONAL RIGHT OF SECURITYHOLDERS
TO INSTITUTE SUITS. Notwithstanding any other provision in this Indenture and any provision of any Security, the right of any Holder
of any Security or Coupon to receive payment of the principal of and interest on such Security or Coupon on or after the respective
due dates expressed in such Security or Coupon or the applicable redemption dates provided for in such Security, or to institute
suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent
of such Holder.

 

5.8. POWERS AND REMEDIES CUMULATIVE.
Except as provided in Section 5.6, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders of
Securities or Coupons is intended to be exclusive of any other right or remedy, and every right and remedy 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.

 

No delay or omission
of the Trustee or of any Holder of Securities or Coupons to exercise any right or power accruing upon any Event of Default occurring
and continuing as aforesaid shall impair any such right or power or shall be construed to be a waiver of any such Event of Default
or an acquiescence therein. Every power and remedy given by this Indenture, any Security or law to the Trustee or to the Holders
of Securities or Coupons may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or, subject
to Section 5.6, by the Holders of Securities or Coupons.

 

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5.9. CONTROL BY HOLDERS. The Holders
of a majority in aggregate principal amount of the Securities of each series affected (with each such series voting as a separate
class) at the time Outstanding 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
by this Indenture; provided, that such direction shall not be otherwise than in accordance with law and the provisions of
this Indenture; and provided, further, that (subject to the provisions of Section 6.1) the Trustee shall have
the right to decline to follow any such direction if (a) the Trustee, being advised by counsel, shall determine that the action
or proceeding so directed may not lawfully be taken; or (b) if a Responsible Officer of the Trustee shall determine in good
faith that the action or proceedings so directed would involve the Trustee in personal liability; or (c) if the Trustee in
good faith shall so determine that the actions or forbearances specified in or pursuant to such direction would be unduly prejudicial
to the interests of Holders of the Securities of all affected series not joining in the giving of said direction, it being understood
that (subject to Section 6.1) the Trustee shall have no duty to ascertain whether or not such actions or forbearances are
unduly prejudicial to such Holders.

 

Nothing in this Indenture
shall impair the right of the Trustee in its discretion to take any action deemed proper by the Trustee and which is not inconsistent
with such direction or directions by Securityholders.

 

5.10. WAIVER OF PAST DEFAULTS. Prior
to the declaration of acceleration of the maturity of the Securities of any series as provided in Section 5.1, the Holders
of a majority in aggregate principal amount of the Securities of such series at the time Outstanding (voting as a single class)
may on behalf of the Holders of all such Securities waive any past default or Event of Default described in Section 5.1 and
its consequences, except a default in respect of a covenant or provision hereof which cannot be modified or amended without the
consent of the Holder of each Security affected. In the case of any such waiver, the Issuer, the Trustee and the Holders of all
such Securities shall be restored to their former positions and rights hereunder, respectively, and 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.

 

5.11. NOTICE OF DEFAULTS. The Trustee
shall, within 90 days after the occurrence of a default actually known to the Trustee with respect to the Securities of any
series, give notice of all defaults with respect to that series (i) if any Unregistered Securities of that series are then
Outstanding, to the Holders thereof, by publication at least once in an Authorized Newspaper in the Borough of Manhattan, The City
of New York and (ii) to all Holders of Securities of such series in the manner and to the extent provided in Section 313(c)
of the Trust Indenture Act, unless in each case such defaults shall have been cured before the mailing or publication of such notice
(the term “default” for the purpose of this Section being hereby defined to mean any event or condition which is, or
with notice or lapse of time or both would become, an Event of Default); provided, that, except in the case of default in
the payment of the principal of or interest on any of the Securities of such series, or in the payment of any installment on such
series, the Trustee shall be protected in withholding such notice if a Responsible Officer of the Trustee in good faith determines
that the withholding of such notice is in the interests of the Securityholders of such series.  

 

5.12. UNDERTAKING FOR COSTS. All
parties to this Indenture agree, and each Holder of any Security or Coupon by his acceptance thereof shall be deemed to have agreed,
that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture or in
any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such
suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including
reasonable attorneys’ fees 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 of any series holding in the aggregate
more than 10% in aggregate principal amount of the Securities of such series, or to any suit instituted by any Securityholder for
the enforcement of the payment of the principal of or interest on any Security on or after the due date expressed in such Security
or any date fixed for redemption.

  

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ARTICLE
VI

CONCERNING THE TRUSTEE 

 

6.1.
DUTIES AND RESPONSIBILITIES OF THE TRUSTEE. Prior to the occurrence of an Event of Default with respect to the Securities of a
particular series and after the curing or waiving of all Events of Default which may have occurred with respect to such series,
the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture with
respect to such series of Securities. In case an Event of Default with respect to the Securities of a series has occurred and
has not been cured or waived, the Trustee shall exercise with respect to such series of Securities such of the rights and powers
vested in it by this Indenture with respect to such series of Securities, and use the same degree of care and skill in their exercise,
as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs.

 

No provision of this
Indenture shall be construed to relieve the Trustee from liability for its own negligence or its own willful misconduct, except
that

 

(a) prior to the
occurrence of an Event of Default with respect to the Securities of any series and after the curing or waiving of all such Events
of Default with respect to such series which may have occurred:

 

(i) the duties and obligations
of the Trustee with respect to the Securities of any series shall be determined solely by the express provisions of this Indenture,
and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in
this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and

 

(ii) in the absence of
bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the statements and the correctness
of the opinions expressed therein, upon any statements, certificates or opinions furnished to the Trustee and conforming to the
requirements of this Indenture; but in the case of any such statements, 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 the mathematical
calculations or other facts stated therein;

 

(b) the Trustee
shall not be liable for any error of judgment made in good faith by a Responsible Officer or Responsible Officers of the Trustee,
unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and

 

(c) 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 pursuant to Section 5.9 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.

 

None of the provisions
contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur personal financial liability
in the performance of any of its duties or in the exercise of any of its rights or powers, if there shall be reasonable ground
for believing that the repayment of such funds or adequate indemnity against such liability is not reasonably assured to it.

 

The provisions of this
Section 6.1 are in furtherance of and subject to Section 315 of the Trust Indenture Act.

 

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.

 

6.2. CERTAIN RIGHTS OF THE TRUSTEE.
In furtherance of and subject to the Trust Indenture Act, and subject to Section 6.1:

 

(a) the Trustee
may conclusively rely and shall be protected in acting or refraining from acting upon any resolution, Officer’s Certificate
or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture, note, coupon,
security or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties;

 

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(b) any request,
direction, order or demand of the Issuer mentioned herein shall be sufficiently evidenced by an Officer’s Certificate or
Issuer Order (unless other evidence in respect thereof is specifically prescribed herein or in the terms established in respect
of any series); and any resolution of the Board of Directors may be evidenced to the Trustee by a copy thereof certified by the
secretary or an assistant secretary of the Issuer;

 

(c) the Trustee
may consult with counsel of its selection, and any advice or any Opinion of Counsel shall be full and complete authorization and
protection in respect of any action taken, suffered or omitted to be taken by it hereunder in good faith and in reliance thereon
in accordance with such advice or Opinion of Counsel;

 

(d) the Trustee
shall be under no obligation to exercise any of the trusts or powers vested in it by this Indenture at the request, order or direction
of any of the Securityholders pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the
Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred therein or
thereby;

 

(e) the Trustee
shall not be liable for any action taken or omitted by it in good faith and believed by it to be authorized or within the discretion,
rights or powers conferred upon it by this Indenture;

 

(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, consent, order, approval, appraisal, bond, debenture, note, coupon, security, or other paper
or document unless (i) requested in writing so to do by the Holders of not less than a majority in aggregate principal amount
of the Securities of any series then Outstanding or (ii) otherwise provided in the terms of any series of Securities pursuant to
Section 2.3; provided, that, if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities
likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not reasonably assured to the
Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require security or indemnity satisfactory
to it against such expenses or liabilities as a condition to proceeding; the reasonable expenses of every such investigation shall
be paid by the Issuer or, if paid by the Trustee or any predecessor trustee, shall be repaid by the Issuer upon demand;

 

(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
not regularly in its employ and the Trustee shall not be responsible for any misconduct or negligence on the part of any such agent
or attorney appointed with due care by it hereunder;

 

(h) the Trustee
shall not be deemed to have notice of any Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof
or unless written notice of any event which is in fact an Event of Default is received by the Trustee at the Corporate Trust Office
and such notice references the Securities, the Issuer or this Indenture;

 

(i) 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;

 

(j) the Trustee
may request that the Issuer deliver a certificate setting forth the names of individuals and/or titles of officers authorized at
such time to take specified actions pursuant to this Indenture, which certificate may be signed by any person authorized to sign
an Officer’s Certificate, including any person specified as so authorized in any such certificate previously delivered and
not superseded;

 

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

 

(l) the Trustee
shall not be required to give any bond or surety in respect of the performance of its powers and duties hereunder.

 

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6.3. TRUSTEE NOT RESPONSIBLE FOR
RECITALS. The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall
be taken as the statements of the Issuer, and the Trustee assumes no responsibility for the correctness of the same. The Trustee
makes no representation as to the validity or sufficiency of this Indenture or of the Securities or Coupons. The Trustee shall
not be accountable for the use or application by the Issuer of any of the Securities or of the proceeds thereof.

 

6.4. TRUSTEE AND AGENTS MAY HOLD
SECURITIES. The Trustee or any agent of the Issuer or of the Trustee, in its individual or any other capacity, may become the owner
or pledgee of Securities or Coupons with the same rights it would have if it were not the Trustee or such agent and may otherwise
deal with the Issuer and receive, collect, hold and retain collections from the Issuer with the same rights it would have if it
were not the Trustee or such agent.

 

6.5. MONEYS HELD BY TRUSTEE. Subject
to the provisions of Section 10.4 hereof, all moneys 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 mandatory provisions of law. Neither the Trustee nor any agent of the Issuer or the Trustee shall be under any liability
for interest on any moneys received by it hereunder.

 

6.6. COMPENSATION AND INDEMNIFICATION
OF TRUSTEE. The Issuer covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, such
compensation as the Issuer and the Trustee shall agree in writing (which shall not be limited by any provision of law in regard
to the compensation of a trustee of an express trust), and the Issuer covenants and agrees to pay or reimburse the Trustee and
each predecessor trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by or on behalf
of it in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements
of its counsel and of all agents and other persons not regularly in its employ) except any such expense, disbursement or advance
as may arise from its negligence or willful misconduct. The Issuer also covenants to indemnify each of the Trustee or any predecessor
Trustee and their agents for, and to hold them harmless against, any and all loss, damage, claims, liability or expense, including
taxes (other than taxes based upon, measured by or determined by the income of the Trustee), arising out of or in connection with
the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending itself against
any claim (whether asserted by the Issuer, or any Holder or any other Person) or liability in connection with the exercise or performance
of any of its powers or duties hereunder, or in connection with enforcing the provisions of this Section, except to the extent
that such loss, damage, claim, liability or expense is due to its own negligence or willful misconduct. When the Trustee incurs
expenses or renders services in connection with an Event of Default specified in Section 5.1(e) or Section 5.1(f), the
expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute
expenses of administration under any applicable bankruptcy, insolvency or other similar law. The obligations of the Issuer under
this Section to compensate and indemnify the Trustee and each predecessor trustee and to pay or reimburse the Trustee and each
predecessor trustee for expenses, disbursements and advances shall constitute additional indebtedness hereunder and shall survive
the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee. Such additional indebtedness shall
be a senior claim to that of the Securities upon all property and funds held or collected by the Trustee as such, except funds
held in trust for the benefit of the Holders of particular Securities or Coupons, and the Securities are hereby subordinated to
such senior claim.

 

6.7. RIGHT OF TRUSTEE TO RELY ON
OFFICER’S CERTIFICATE. Subject to Sections 6.1 and 6.2, whenever in the administration of the trusts of this Indenture
the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering or omitting
any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence
of negligence or willful misconduct on the part of the Trustee, be deemed to be conclusively proved and established by an Officer’s
Certificate delivered to the Trustee, and such certificate, in the absence of negligence or willful misconduct on the part of the
Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of this Indenture
upon the faith thereof.

 

6.8. QUALIFICATION OF TRUSTEE: CONFLICTING
INTERESTS. The Trustee shall comply with Section 310(b) of the Trust Indenture Act.

 

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6.9. PERSONS ELIGIBLE FOR APPOINTMENT
AS TRUSTEE. The Trustee for each series of Securities hereunder shall at all times be a corporation or banking association organized
and doing business under the laws of the United States of America, any State thereof or the District of Columbia, having a combined
capital and surplus of at least $50,000,000, and which is authorized under such laws to exercise corporate trust powers and is
subject to supervision or examination by Federal, state or District of Columbia authority. 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. In case at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect
specified in Section 6.10.

 

The provisions of this
Section 6.9 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act.

 

6.10. RESIGNATION AND REMOVAL; APPOINTMENT
OF SUCCESSOR TRUSTEE. (a) The Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect
to one or more or all series of Securities by giving written notice of resignation to the Issuer and (i) if any Unregistered
Securities of a series affected are then Outstanding, by giving notice of such resignation to the Holders thereof, by publication
at least once in an Authorized Newspaper in the Borough of Manhattan, The City of New York, (ii) if any Unregistered Securities
of a series affected are then Outstanding, by mailing notice of such resignation to the Holders thereof who have filed their names
and addresses with the Trustee pursuant to Section 313(c)(2) of the Trust Indenture Act at such addresses as were so furnished
to the Trustee and (iii) by mailing notice of such resignation to the Holders of then Outstanding Registered Securities of
each series affected at their addresses as they shall appear on the registry books. Upon receiving such notice of resignation,
the Issuer shall promptly appoint a successor trustee or trustees with respect to the applicable series by written instrument in
duplicate, executed by authority of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee
and one copy to the successor trustee or trustees. If no successor trustee shall have been so appointed with respect to any series
and have accepted appointment within 30 days after the mailing of such notice of resignation, the resigning trustee may petition
any court of competent jurisdiction at the expense of the Issuer for the appointment of a successor trustee, or any Securityholder
who has been a bona fide Holder of a Security or Securities of the applicable series for at least six months may, subject to the
provisions of Section 5.12, on behalf of himself and all others similarly situated, petition any such court for the appointment
of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor
trustee.

 

(b) In case at any
time any of the following shall occur:

 

(i) the Trustee shall
fail to comply with the provisions of Section 310(b) of the Trust Indenture Act with respect to any series of Securities after
written request therefor by the Issuer or by any Securityholder who has been a bona fide Holder of a Security or Securities of
such series for at least six months; or

 

(ii) the Trustee shall
cease to be eligible in accordance with the provisions of Section 6.9 and Section 310(a) of the Trust Indenture Act and shall fail
to resign after written request therefor by the Issuer or by any Securityholder who has been a bona fide Holder of a Security or
Securities of such series for at least six months; or

 

(iii) the Trustee shall
become incapable of acting with respect to any series of Securities, or shall be adjudged bankrupt or insolvent, or a receiver
or liquidator 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, the Issuer
may remove the Trustee with respect to the applicable series of Securities and appoint a successor trustee for such series by written
instrument, in duplicate, executed by order of the Board of Directors of the Issuer, one copy of which instrument shall be delivered
to the Trustee so removed and one copy to the successor trustee, or, subject to the provisions of Section 315(e) of the Trust Indenture
Act, any Securityholder who has been a bona fide Holder of a Security or Securities 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 such series.  

 

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Such court may thereupon,
after such notice, if any, as it may deem proper and so prescribe, remove the Trustee and appoint a successor trustee.

 

(c) The Holders
of a majority in aggregate principal amount of the Securities of each series at the time outstanding may at any time remove the
Trustee with respect to Securities of such series and appoint a successor trustee with respect to the Securities of such series
by delivering to the Trustee so removed, to the successor trustee so appointed and to the Issuer the evidence provided for in Section 7.1
of the action in that regard taken by the Securityholders. If no successor Trustee shall have been so appointed with respect to
any series and have accepted appointment within 30 days after the mailing of such notice of removal, the Trustee being removed
may, at the expense of the Issuer, petition any court of competent jurisdiction for the appointment of a successor Trustee with
respect to the Securities of such series.

 

(d) Any resignation
or removal of the Trustee with respect to any series and any appointment of a successor trustee with respect to such series pursuant
to any of the provisions of this Section 6.10 shall become effective upon acceptance of appointment by the successor trustee
as provided in Section 6.11.

 

6.11. ACCEPTANCE OF APPOINTMENT BY
SUCCESSOR TRUSTEE. Any successor trustee appointed as provided in Section 6.10 shall execute and deliver to the Issuer and
to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the
predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any
further act, deed or conveyance, shall become vested with all rights, powers, duties and obligations with respect to such series
of its predecessor hereunder, with like effect as if originally named as trustee for such series hereunder; but, nevertheless,
on the written request of the Issuer or of the successor trustee, upon payment of its charges then unpaid, the trustee ceasing
to act shall, subject to Section 10.6, pay over to the successor trustee all moneys at the time held by it hereunder and shall
execute and deliver an instrument transferring to such successor trustee all such rights, powers, duties and obligations. Upon
request of any such successor trustee, the Issuer shall execute any and all instruments in writing for more fully and certainly
vesting in and confirming to such successor trustee all such rights and powers. Any trustee ceasing to act shall, nevertheless,
retain a prior claim upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to
the provisions of Section 6.6.

 

If a successor trustee
is appointed with respect to the Securities of one or more (but not all) series, the Issuer, 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 retiring 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 under separate indentures.

 

No successor trustee
with respect to any series of Securities shall accept appointment as provided in this Section 6.11 unless at the time of such
acceptance such successor trustee shall be qualified under Section 310(b) of the Trust Indenture Act and eligible under the provisions
of Section 6.9.

 

Upon acceptance of appointment
by any successor trustee as provided in this Section 6.11, the Issuer shall give notice thereof (a) if any Unregistered
Securities of a series affected are then Outstanding, to the Holders thereof, by publication of such notice at least once in an
Authorized Newspaper in the Borough of Manhattan, The City of New York, (b) if any Unregistered Securities of a series affected
are then Outstanding, to the Holders thereof who have filed their names and addresses with the Trustee pursuant to Section 313(c)(2)
of the Trust Indenture Act, by mailing such notice to such Holders at such addresses as were so furnished to the Trustee (and the
Trustee shall make such information available to the Issuer for such purpose) and (c) to the Holders of Registered Securities
of each series affected, by mailing such notice to such Holders at their addresses as they shall appear on the registry books.
If the acceptance of appointment is substantially contemporaneous with the resignation, then the notice called for by the preceding
sentence may be combined with the notice called for by Section 6.10. If the Issuer fails to give such notice within ten days
after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be given at the expense
of the Issuer.

 

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6.12. MERGER, CONSOLIDATION OR SUCCESSION
TO BUSINESS OF TRUSTEE. Any corporation or banking association into which the Trustee may be merged or converted or with which
it may be consolidated, or any corporation or banking association resulting from any merger, conversion or consolidation to which
the Trustee shall be a party, or any corporation or banking association succeeding to all or substantially all of the corporate
trust business of the Trustee, shall be the successor of the Trustee hereunder, provided, that such corporation or banking
association shall be qualified under Section 310(b) of the Trust Indenture Act and eligible under the provisions of Section 6.9,
without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the
contrary notwithstanding.

 

In case at the time such
successor to the Trustee shall succeed to the trusts created by this Indenture any of the Securities of any series shall have been
authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor
trustee and deliver such Securities so authenticated; and, in case at that time any of the Securities of any series shall not have
been authenticated, any such successor to the Trustee may authenticate such Securities either in the name of any predecessor hereunder
or in the name of the successor Trustee; and in all such cases such certificate of authentication shall have the full force which
under this Indenture or the Securities of such series it is provided that the certificate of authentication of the Trustee shall
have; provided, that the right to adopt the certificate of authentication of any predecessor trustee or to authenticate
Securities of any series in the name of any predecessor trustee shall apply only to its successor or successors by merger, conversion
or consolidation.

 

6.13. PREFERENTIAL COLLECTION OF
CLAIMS AGAINST THE ISSUER. The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor
relationship listed in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to
Section 311(a) of the Trust Indenture Act to the extent indicated.

 

6.14. APPOINTMENT OF AUTHENTICATING
AGENT. As long as any Securities of a series remain Outstanding, the Trustee may, by an instrument in writing, appoint with the
approval of the Issuer an authenticating agent (the “Authenticating Agent”) which shall be authorized to act on behalf
of the Trustee to authenticate Securities, including Securities issued upon exchange, registration of transfer, partial redemption
or pursuant to Section 2.9. Securities of each such series authenticated by such Authenticating Agent shall be entitled to
the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee. Whenever
reference is made in this Indenture to the authentication and delivery of Securities of any series by the Trustee or to 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 for such series and a Certificate of Authentication executed on behalf of the Trustee by such Authenticating
Agent. Such Authenticating Agent shall at all times be 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, having a combined capital and
surplus of at least $45,000,000 (determined as provided in Section 6.9 with respect to the Trustee) and subject to supervision
or examination by Federal or state authority.

 

Any corporation into
which any 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 any Authenticating Agent shall be a party, or any corporation succeeding to all
or substantially all the corporate agency business of any Authenticating Agent, shall continue to be the Authenticating Agent with
respect to all series of Securities for which it served as Authenticating Agent without the execution or filing of any paper or
any further act on the part of the Trustee or such Authenticating Agent. Any Authenticating Agent may at any time, and if it shall
cease to be eligible shall, resign by giving written notice of resignation to the Trustee and to the Issuer.

 

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Upon receiving such a
notice of resignation or upon such a termination, or in case at any time any Authenticating Agent shall cease to be eligible in
accordance with the provisions of this Section 6.14 with respect to one or more series of Securities, the Trustee shall upon
receipt of an Issuer Order appoint a successor Authenticating Agent, and the Issuer shall provide notice of such appointment to
all Holders of Securities of such series in the manner and to the extent provided in Section 11.4. Any successor Authenticating
Agent upon acceptance of its appointment hereunder shall become vested with all rights, powers, duties and responsibilities of
its predecessor hereunder, with like effect as if originally named as Authenticating Agent. The Issuer agrees to pay to the Authenticating
Agent for such series from time to time reasonable compensation. The Authenticating Agent for the Securities of any series shall
have no responsibility or liability for any action taken by it as such at the direction of the Trustee, nor shall the Trustee have
any responsibility or liability for any action taken by the Authenticating Agent.

 

Sections 6.2, 6.3,
6.4, 6.6 and 7.3 shall be applicable to any Authenticating Agent.

 

ARTICLE
VII

CONCERNING THE SECURITYHOLDERS 

 

7.1. EVIDENCE OF ACTION TAKEN BY
SECURITYHOLDERS. Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture
to be given or taken by a specified percentage in principal amount of the Securityholders of any or all series may be embodied
in and evidenced by one or more instruments of substantially similar tenor signed by such specified percentage of Securityholders
in person or by agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective
when such instrument or instruments are delivered to the Trustee. Proof of execution of any instrument or of a writing appointing
any such agent shall be sufficient for any purpose of this Indenture and (subject to Sections 6.1 and 6.2) conclusive in favor
of the Trustee and the Issuer, if made in the manner provided in this Article.

 

7.2. PROOF OF EXECUTION OF INSTRUMENTS
AND OF HOLDING OF SECURITIES. Subject to Sections 6.1 and 6.2, the execution of any instrument by a Securityholder or his
agent or proxy may be proved in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in
such manner as shall be satisfactory to the Trustee. The holding of Registered Securities shall be proved by the Security register
or by a certificate of the registrar thereof.

 

7.3. HOLDERS TO BE TREATED AS OWNERS.
The Issuer, the Subsidiary Guarantors, the Trustee and any agent of the Issuer or the Trustee may deem and treat the person in
whose name any Security shall be registered upon the Security register for such series as the absolute owner of such Security (whether
or not such Security shall be overdue and notwithstanding any notation of ownership or other writing thereon) for the purpose of
receiving payment of or on account of the principal of and, subject to the provisions of this Indenture, interest on such Security
and for all other purposes; and none of the Issuer, the Subsidiary Guarantors or the Trustee nor any agent of the Issuer or the
Trustee shall be affected by any notice to the contrary. The Issuer, the Subsidiary Guarantors and the Trustee and any agent of
the Issuer or the Trustee may treat the Holder of any Unregistered Security and the Holder of any Coupon as the absolute owner
of such Unregistered Security or Coupon (whether or not such Unregistered Security or Coupon shall be overdue) for the purpose
of receiving payment thereof or on account thereof and for all other purposes, and none of the Issuer, the Subsidiary Guarantors,
the Trustee, nor any agent of the Issuer or the Trustee shall be affected by any notice to the contrary. All such payments so made
to any such person, or upon his order, shall be valid, and, to the extent of the sum or sums so paid, effectual to satisfy and
discharge the liability for moneys payable upon any such Unregistered Security or Coupon.  

 

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7.4. SECURITIES OWNED BY ISSUER DEEMED
NOT OUTSTANDING. In determining whether the Holders of the requisite aggregate principal amount of Outstanding Securities of any
or all series have concurred in any request, demand, authorization, direction, notice, consent, waiver or other action by Securityholders
under this Indenture, Securities which are owned by the Issuer or any other obligor on the Securities with respect to which such
determination is being made or by any person directly or indirectly controlling or controlled by or under direct or indirect common
control with the Issuer or any other obligor on the Securities with respect to which such determination is being made shall be
disregarded and deemed not to be Outstanding for the purpose of any such determination, except that for the purpose of determining
whether the Trustee shall be protected in relying on any such action only Securities which a Responsible Officer of the Trustee
actually knows are so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded
as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to
such Securities and that the pledgee is not the Issuer or any other obligor upon the Securities or any person directly or indirectly
controlling or controlled by or under direct or indirect common control with the Issuer or any other obligor on the Securities.
In case of a dispute as to such right, the advice of counsel shall be full protection in respect of any decision made by the Trustee
in accordance with such advice. Upon request of the Trustee, the Issuer shall furnish to the Trustee promptly an Officer’s
Certificate listing and identifying all Securities, if any, known by the Issuer to be owned or held by or for the account of any
of the above-described persons; and, subject to Sections 6.1 and 6.2, the Trustee shall be entitled to accept such Officer’s
Certificate as conclusive evidence of the facts therein set forth and of the fact that all Securities not listed therein are Outstanding
for the purpose of any such determination.

 

7.5. RIGHT OF REVOCATION OF ACTION
TAKEN. At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 7.1, of the taking of any
action by the Holders of the percentage in aggregate principal amount of the Securities of any or all series, as the case may be,
specified in this Indenture in connection with such action, any Holder of a Security the serial number of which is shown by the
evidence to be included among the serial numbers of the Securities the Holders of which have consented to such action may, by filing
written notice at the Corporate Trust Office and upon proof of holding as provided in this Article, revoke such action so far as
concerns such Security. Except as aforesaid, any such action taken by the Holder of any Security shall be conclusive and binding
upon such Holder and upon all future Holders and owners of such Security and of any Securities issued in exchange or substitution
therefor or on registration of transfer thereof, irrespective of whether or not any notation in regard thereto is made upon any
such Security. Any action taken by the Holders of the percentage in aggregate principal amount of the Securities of any or all
series, as the case may be, specified in this Indenture in connection with such action shall be conclusively binding upon the Issuer,
the Trustee and the Holders of all the Securities affected by such action.

 

ARTICLE
VIII

SUPPLEMENTAL INDENTURES 

 

8.1. SUPPLEMENTAL INDENTURES WITHOUT
CONSENT OF SECURITYHOLDERS. Notwithstanding anything else stated in this Indenture, the Issuer and any Subsidiary Guarantors, when
authorized by a Board Resolution (which resolution may provide general terms or parameters for such action and may provide that
the specific terms of such action may be determined in accordance with or pursuant to an Issuer Order), and the Trustee may from
time to time and at any time, without consent of any Securityholders, enter into an indenture or indentures supplemental hereto
for one or more of the following purposes:

 

(a) to convey, transfer,
assign, mortgage or pledge to the Trustee as security for the Securities (and related Guarantees) of one or more series any property
or assets;

 

(b) to evidence
the succession of another corporation to the Issuer, or successive successions, and the assumption by the successor corporation
of the covenants, agreements and obligations of the Issuer pursuant to Article IX;

 

(c) to add to the
covenants of the Issuer or the Subsidiary Guarantors such further covenants, restrictions, conditions or provisions as the Issuer
shall consider to be for the protection or benefit of the Holders of Securities or Coupons, and to make the occurrence, or the
occurrence and continuance, of a default in any such additional covenants, restrictions, conditions or provisions an Event of Default
permitting the enforcement of all or any of the several remedies provided in this Indenture as herein set forth; provided,
that in respect of any such additional covenant, restriction, condition or provision such supplemental indenture may provide for
a particular period of grace after default (which period may be shorter or longer than that allowed in the case of other defaults)
or may provide for an immediate enforcement upon such an Event of Default or may limit the remedies available to the Trustee upon
such an Event of Default or may limit the right of the Holders of a majority in aggregate principal amount of the Securities of
such series to waive such an Event of Default;

 

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(d) to cure any
ambiguity or to correct or supplement any provision contained herein or in any supplemental indenture which may be defective or
inconsistent with any other provision contained herein or in any supplemental indenture, or to make any other provisions as the
Issuer may deem necessary or desirable, provided, that no such action shall adversely affect the interests of the Holders
of the Securities or Coupons in any material respect;

 

(e) to establish
the forms or terms of Securities of any series or of the Coupons appertaining to such Securities as permitted by Sections 2.1
and 2.3;

 

(f) to evidence
and provide for the acceptance of appointment hereunder by a successor trustee with respect to the Securities of one or more series
and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration
of the trusts hereunder by more than one trustee, pursuant to the requirements of Section 6.11;

 

(g) to comply with
SEC requirements to effect or maintain the qualification of this Indenture under the Trust Indenture Act;

 

(h) to add one or
more guarantees under this Indenture or release a guarantee pursuant to the provisions hereof; and

 

(i) to change or
eliminate any of the provisions of this Indenture, or to add any new provision to this Indenture, in respect of one or more series
of Securities; provided, however, that any such change, elimination or addition shall not apply to any Security Outstanding
on the date of such indenture supplemental hereto.

 

The Trustee is hereby
authorized to join with the Issuer and the Subsidiary Guarantors in the execution of any such supplemental indenture, to make any
further appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment,
mortgage or pledge of any property thereunder, but the Trustee 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.

 

Any supplemental indenture
authorized by the provisions of this Section may be executed without the consent of the Holders of any of the Securities at the
time outstanding, notwithstanding any of the provisions of Section 8.2.

 

8.2. SUPPLEMENTAL INDENTURES WITH
CONSENT OF SECURITYHOLDERS.

 

(a) Except as set
forth in paragraph (b) below, with the consent (evidenced as provided in Article VII) of the Holders of not less than
a majority in aggregate principal amount of the Securities at the time Outstanding of any series of Securities affected by such
supplemental indenture, the Issuer and the Subsidiary Guarantors, when authorized by a Board Resolution (which resolution may provide
general terms or parameters for such action and may provide that the specific terms of such action may be determined in accordance
with or pursuant to an Issuer Order), and the Trustee may, from time to time and at any time, enter into an indenture or indentures
supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as in force and effect at the date of execution
thereof) for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture
or of any supplemental indenture or of the Securities or Guarantees or of modifying in any manner the rights of the Holders of
the Securities of each such series or of the Coupons appertaining to such Securities.

 

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(b) No such supplemental
indenture shall, without the consent of every Holder of a Security affected, (i) extend the final maturity of any Security,
or (ii) reduce the principal amount thereof, or premium thereon, if any, or (iii) reduce the rate or extend the time of payment
of interest thereon, or (iv) reduce any amount payable on redemption thereof, or (v) make the principal thereof (including any
amount in respect of original issue discount), or premium thereon, if any, or interest thereon payable in any coin or currency
other than that provided in the Securities and Coupons or in accordance with the terms thereof, or (vi) reduce the amount of the
principal of an Original Issue Discount Security that would be due and payable upon an acceleration of the maturity thereof pursuant
to Section 5.1 or the amount thereof provable in bankruptcy pursuant to Section 5.2, or (vii) modify any of the Subordination
Provisions or the definition of “Senior Indebtedness” relating to such series in a manner adverse to the holders of
such Securities in any material respect, or (viii) impair or affect the right of any Securityholder to institute suit for the payment
thereof when due or, if the Securities provide therefor, any right of repayment at the option of the Securityholder, or (ix) reduce
the aforesaid percentage of Securities of any series, the consent of the Holders of which is required for any such supplemental
indenture.

 

(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 Holders of Securities of such series,
or of Coupons appertaining to such Securities, with respect to such covenant or provision, shall be deemed not to affect the rights
under this Indenture of the Holders of Securities of any other series or of the Coupons appertaining to such Securities.

 

(d) Upon the request
of the Issuer, accompanied by a copy of a resolution of the Board of Directors (which resolution may provide general terms or parameters
for such action and may provide that the specific terms of such action may be determined in accordance with or pursuant to an Issuer
Order) certified by the secretary or an assistant secretary of the Issuer authorizing the execution of any such supplemental indenture,
and upon the filing with the Trustee of evidence of the consent of the Holders of the Securities as aforesaid and other documents,
if any, required by Section 7.1, the Trustee shall join with the Issuer and the Subsidiary Guarantors in the execution of
such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities under
this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such supplemental
indenture.

 

(e) It shall not be necessary
for the consent of the Securityholders under this Section to approve the particular form of any proposed supplemental indenture,
but it shall be sufficient if such consent shall approve the substance thereof.

 

(f) Promptly after the
execution by the Issuer, any Subsidiary Guarantor and the Trustee of any supplemental indenture pursuant to the provisions of this
Section, the Issuer shall give notice thereof (i) to the Holders of then Outstanding Registered Securities of each series
affected thereby, by delivering a notice thereof by first-class mail to such Holders at their addresses as they shall appear on
the Security register or electronically in accordance with the procedures of the Depositary, (ii) if any Unregistered Securities
of a series affected thereby are then Outstanding, to the Holders thereof who have filed their names and addresses with the Trustee
pursuant to Section 313(c)(2) of the Trust Indenture Act, by mailing a notice thereof by first-class mail to such Holders
at such addresses as were so furnished to the Trustee and (iii) if any Unregistered Securities of a series affected thereby
are then Outstanding, to all Holders thereof, by publication of a notice thereof at least once in an Authorized Newspaper in the
Borough of Manhattan, The City of New York, and in each case such notice shall set forth in general terms the substance of such
supplemental indenture. Any failure of the Issuer to give such notice, or any defect therein, shall not, however, in any way impair
or affect the validity of any such supplemental indenture.

 

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

 

8.4. DOCUMENTS TO BE GIVEN TO TRUSTEE.
The Trustee, subject to the provisions of Sections 6.1 and 6.2, shall receive an Officer’s Certificate and an Opinion
of Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article VIII complies with the
applicable provisions of this Indenture and that the supplemental indenture is valid and binding on the Issuer, enforceable against
it in accordance with its terms.

 

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8.5. NOTATION ON SECURITIES IN RESPECT
OF SUPPLEMENTAL INDENTURES. Securities of any series authenticated and delivered after the execution of any supplemental indenture
pursuant to the provisions of this Article may bear a notation in form approved by the Trustee for such series as to any matter
provided for by such supplemental indenture or as to any action taken by Securityholders. If the Issuer or the Trustee shall so
determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Board of Directors, to
any modification of this Indenture contained in any such supplemental indenture may be prepared by the Issuer, authenticated by
the Trustee and delivered in exchange for the Securities of such series then Outstanding.

 

ARTICLE
IX

CONSOLIDATION, MERGER, SALE OR CONVEYANCE 

 

9.1. ISSUER MAY CONSOLIDATE ONLY
ON CERTAIN TERMS. The Issuer shall not consolidate with or merge into any other Person or transfer or lease all or substantially
all of its assets to any Person, and the Issuer shall not permit any other Person to consolidate with or merge into the Issuer,
unless:

 

(a) either the Issuer
shall be the continuing corporation, or the successor (if other than the Issuer) formed by such consolidation or into which the
Issuer is merged or to which all or substantially all of the assets of the Issuer are transferred or leased shall be a corporation,
limited liability company, partnership or other entity organized under the laws of the United States of America, 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, all the obligations of the Issuer under the Securities and this Indenture;

 

(b) if such Issuer is
not the continuing corporation, then each Subsidiary Guarantor, unless it has become the successor company, shall confirm that
its Guarantee shall continue to apply to the obligations under the Securities and this Indenture; and

 

(c) immediately
after giving effect to such transaction and treating any indebtedness which becomes an obligation of the Issuer or a Subsidiary
as a result of such transaction as having been incurred by the Issuer or such Subsidiary at the time of 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.

 

9.2. SUCCESSOR SUBSTITUTED. The successor
formed by such consolidation or into which the Issuer is merged or to which such transfer or lease is made shall succeed to and
be substituted for, and may exercise every right and power of, the Issuer under this Indenture with the same effect as if such
successor had been named as the Issuer herein, and thereafter (except in the case of a lease to another Person) the predecessor
corporation shall be relieved of all obligations and covenants under the Indenture and the Securities and, in the event of such
conveyance or transfer, any such predecessor corporation may be dissolved and liquidated.

 

9.3. OPINION OF COUNSEL TO BE GIVEN
TO TRUSTEE. The Trustee, subject to the provisions of Sections 6.1 and 6.2, shall receive an Opinion of Counsel as conclusive
evidence that any such consolidation, merger, sale or conveyance, and any such assumption, complies with the provisions of this
Article IX.

 

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ARTICLE
X

SATISFACTION AND DISCHARGE; DEFEASANCE 

 

10.1. SATISFACTION AND DISCHARGE.

 

If at any time (i) the
Issuer shall have paid or caused to be paid the principal of and interest on all the Securities of any series Outstanding hereunder
and all unmatured Coupons appertaining thereto (other than Securities of such series and Coupons appertaining thereto which have
been destroyed, lost or stolen and which have been replaced or paid as provided in Section 2.9) as and when the same shall have
become due and payable, or (ii) the Issuer shall have delivered to the Trustee for cancellation all Securities of any series
theretofore authenticated and all unmatured Coupons appertaining thereto (other than any Securities of such series and Coupons
appertaining thereto which shall have been destroyed, lost or stolen and which shall have been replaced or paid as provided in
Section 2.9) or (iii) in the case of any series of Securities where the exact amount (including the currency of payment)
of principal of and interest due on which can be determined at the time of making the deposit referred to in clause (b) below,
(a) all the Securities of such series and all unmatured Coupons appertaining thereto not theretofore delivered to the Trustee
for cancellation shall have become due and payable, or are by their terms to become due and payable within one year or are to be
called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption, and
(b) the Issuer shall have irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust the entire
amount in (i) cash (other than moneys repaid by the Trustee or any paying agent to the Issuer in accordance with Section 10.6),
(ii) in the case of any series of Securities the payments on which may only be made in Dollars, direct obligations of the
United States of America, backed by its full faith and credit (“U.S. Government Obligations”), maturing as to principal
and interest at such times and in such amounts as will insure the availability of cash sufficient, in the opinion of a nationally
recognized firm of independent public accountants, an independent investment banking firm or other valuation firm expressed in
a written certification thereof delivered to the Trustee, to pay at such maturity or upon such redemption, as the case may be,
or (iii) a combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants,
an independent investment banking firm or other valuation firm expressed in a written certification thereof delivered to the Trustee,
to pay (x) the principal and interest on all Securities of such series and Coupons appertaining thereto on each date that
such principal or interest is due and payable and (y) any mandatory sinking fund payments on the dates on which such payments
are due and payable in accordance with the terms of the Indenture and the Securities of such series; and if, in any such case,
the Issuer shall also pay or cause to be paid all other sums payable hereunder by the Issuer, then this Indenture shall cease to
be of further effect (except as to (i) rights of registration of transfer and exchange of Securities of such Series and of
Coupons appertaining thereto pursuant to Section 2.8 and the Issuer’s right of optional redemption, if any, (ii) substitution
of mutilated, defaced, destroyed, lost or stolen Securities or Coupons, (iii) rights of holders of Securities and Coupons appertaining
thereto to receive payments of principal thereof and interest thereon, upon the original stated due dates therefor (but not upon
acceleration), and remaining rights of the Holders to receive mandatory sinking fund payments, if any, (iv) any optional redemption
rights of such series of Securities to the extent to be exercised to make such call for redemption within one year, (v) the
rights, obligations, duties and immunities of the Trustee hereunder, including those under Section 6.6, (vi) the rights
of the Holders of Securities of such series and Coupons appertaining thereto as beneficiaries hereof with respect to the property
so deposited with the Trustee payable to all or any of them, and (vii) the obligations of the Issuer under Section 3.2)
and the Trustee, on demand of the Issuer accompanied by an Officer’s Certificate and an Opinion of Counsel and at the cost
and expense of the Issuer, shall execute proper instruments acknowledging such satisfaction of and discharging this Indenture;
provided, that the rights of Holders of the Securities and Coupons to receive amounts in respect of principal of and interest
on the Securities and Coupons held by them shall not be delayed longer than required by then-applicable mandatory rules or policies
of any securities exchange upon which the Securities are listed. The Issuer agrees to reimburse the Trustee for any costs or expenses
thereafter reasonably and properly incurred and to compensate the Trustee for any services thereafter reasonably and properly rendered
by the Trustee in connection with this Indenture or the Securities of such series.

 

If the Issuer satisfies
and discharges the Indenture in accordance with this Section 10.1, all Guarantees will terminate with respect to that series of
Securities and all collateral of the Issuer and the Subsidiary Guarantors granted for the benefit of that series of Securities
shall be automatically released.

 

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10.2. DEFEASANCE.

 

The following provisions
shall apply to the Securities of each series unless specifically otherwise provided in a Board Resolution, Officer’s Certificate
or indenture supplemental hereto provided pursuant to Section 2.3. In addition to discharge of the Indenture pursuant to Section
10.1, in the case of any series of Securities the exact amounts (including the currency of payment) of principal of and interest
due on which can be determined at the time of making the deposit referred to in clause (a) below, the Issuer shall be deemed
to have paid and discharged the entire indebtedness on all the Securities of such a series and the Coupons appertaining thereto
on the date of the deposit referred to in subparagraph (a) below, and the provisions of this Indenture with respect to the
Securities of such series and Coupons appertaining thereto shall no longer be in effect (except as to (i) rights of registration
of transfer and exchange of Securities of such series and of Coupons appertaining thereto pursuant to Section 2.8 and the
Issuer’s right of optional redemption, if any, (ii) substitution of mutilated, defaced, destroyed, lost or stolen Securities
or Coupons, (iii) rights of Holders of Securities and Coupons appertaining thereto to receive payments of principal thereof
and interest thereon, upon the original stated due dates therefor (but not upon acceleration), and remaining rights of the Holders
to receive mandatory sinking fund payments, if any, (iv) any optional redemption rights of such series of Securities to the
extent to be exercised to make such call for redemption within one year, (v) the rights, obligations, duties and immunities
of the Trustee hereunder, (vi) the rights of the Holders of Securities of such series and Coupons appertaining thereto as
beneficiaries hereof with respect to the property so deposited with the Trustee payable to all or any of them and (vii) the
obligations of the Issuer under Section 3.2) and the Trustee, at the expense of the Issuer, shall at the Issuer’s request,
execute proper instruments acknowledging the same, if

 

(a) with reference
to this provision the Issuer has irrevocably deposited or caused to be irrevocably deposited with the Trustee as trust funds in
trust, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of the Securities of such series
and Coupons appertaining thereto (i) cash in an amount, or (ii) in the case of any series of Securities the payments
on which may only be made in Dollars, U.S. Government Obligations, maturing as to principal and interest at such times and in such
amounts as will insure the availability of cash or (iii) a combination thereof, sufficient, in the opinion of a nationally
recognized firm of independent public accountants, an independent investment banking firm or other valuation firm expressed in
a written certification thereof delivered to the Trustee, to pay (A) the principal and interest on all Securities of such
series and Coupons appertaining thereto on each date that such principal or interest is due and payable and (B) any mandatory
sinking fund payments on the dates on which such payments are due and payable in accordance with the terms of the Indenture and
the Securities of such series;

 

(b) such deposit
will not result in a breach or violation of, or constitute a default under, any agreement or instrument to which the Issuer is
a party or by which it is bound;

 

(c) the Issuer has
delivered to the Trustee an Opinion of Counsel based on the fact that (x) the Issuer has received from, or there has been published
by, the IRS a ruling or (y) since the date hereof, there has been a change in the applicable United States Federal income
tax law, in either case to the effect that, and such opinion shall confirm that, the Holders and beneficial owners of the Securities
of such series and Coupons appertaining thereto will not recognize income, gain or loss for United States Federal income tax purposes
as a result of such deposit, defeasance and discharge and will be subject to United States Federal income tax on the same amount
and in the same manner and at the same times, as would have been the case if such deposit, defeasance and discharge had not occurred;
and

 

(d) the Issuer has
delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent provided
for relating to the defeasance contemplated by this provision have been complied with.

 

If the Issuers exercise
either their legal defeasance option or their covenant defeasance option with respect to Securities of a particular series, all
Guarantees by Subsidiary Guarantors will terminate with respect to that series of Securities and all collateral of the Issuer and
the Subsidiary Guarantors granted for the benefit of that series of Securities shall be automatically released . The Issuers may
exercise their legal defeasance option notwithstanding its prior exercise of its covenant defeasance option.

 

SECTION 10.3. COVENANT
DEFEASANCE. The Issuer shall be released from its obligations under Sections 3.1, 3.5, 3.6 and 9.1 and unless otherwise provided
for in the Board Resolution, Officer’s Certificate or Indenture supplemental hereto establishing such series of Securities,
from all covenants and other obligations referred to in Section 2.3(24) or 2.3(25) with respect to such series of Securities,
and any Coupons appertaining thereto, outstanding on and after the date the conditions set forth below are satisfied (hereinafter,
“covenant defeasance”). For this purpose, such covenant defeasance means that, with respect to the Outstanding Securities
of any series, the Issuer may omit to comply with and shall have no liability in respect of any term, condition or limitation set
forth in, any of such Sections, whether directly or indirectly by reason of any reference elsewhere herein to such Section or by
reason of any reference in such Section to any other provision herein or in any other document and such omission to comply shall
not constitute an Event of Default under Section 5.1, and the Events of Default specified in Sections 5.1(a), (b), (c), (d),
(g) and (h) shall no longer be applicable to the Securities of such series, but the remainder of this Indenture and such Securities
and Coupons shall be unaffected thereby. The following shall be the conditions to application of this Section 10.3:  

 

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(a) The Issuer has
irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose of making the following
payments, specifically pledged as security for, and dedicated solely to, the benefit of the holders of the Securities of such series
and coupons appertaining thereto, (i) cash in an amount, or (ii) in the case of any series of Securities the payments
on which may only be made in Dollars, U.S. Government Obligations maturing as to principal and interest at such times and in such
amounts as will insure the availability of cash or (iii) a combination thereof, sufficient, in the opinion of a nationally
recognized firm of independent public accountants, an independent investment banking firm or other valuation firm expressed in
a written certification thereof delivered to the Trustee, to pay (A) the principal and interest on all Securities of such
series and Coupons appertaining thereof and (B) any mandatory sinking fund payments on the day on which such payments are
due and payable in accordance with the terms of the Indenture and the Securities of such series;

 

(b) No Event of
Default or event which with notice or lapse of time or both would become an Event of Default with respect to the Securities shall
have occurred and be continuing on the date of such deposit;

 

(c) Such covenant
defeasance shall not cause the Trustee to have a conflicting interest as defined in Section 6.8 and for purposes of the Trust
Indenture Act with respect to any securities of the Issuer;

 

(d) The Issuer shall
have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of the Securities of such series and Coupons
appertaining thereto will not recognize income, gain or loss for United States Federal income tax purposes as a result of such
covenant defeasance and will be subject to United States Federal income tax on the same amounts, in the same manner and at the
same times as would have been the case if such covenant defeasance had not occurred; and

 

(e) The Issuer shall
have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent
provided for relating to the covenant defeasance contemplated by this provision have been complied with.

 

10.4. APPLICATION BY TRUSTEE OF FUNDS
DEPOSITED FOR PAYMENT OF SECURITIES. Subject to Section 10.6, all moneys deposited with the Trustee (or other trustee) pursuant
to Sections 10.1, 10.2 or 10.3 shall be held in trust and applied by it to the payment, either directly or through any paying
agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of
Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums
due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the
extent required by law.

 

10.5. REPAYMENT OF MONEYS HELD BY
PAYING AGENT. In connection with the satisfaction and discharge of this Indenture with respect to Securities of any series, all
moneys then held by any paying agent under the provisions of this Indenture with respect to such series of Securities shall, upon
demand of the Issuer, be repaid to it or paid to the Trustee and thereupon such paying agent shall be released from all further
liability with respect to such moneys.

 

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10.6. RETURN OF MONEYS HELD BY TRUSTEE
AND PAYING AGENT UNCLAIMED FOR TWO YEARS. Any moneys deposited with or paid to the Trustee or any paying agent for the payment
of the principal of or interest on any Security of any series and of any Coupons attached thereto and not applied but remaining
unclaimed for two years after the date upon which such principal or interest shall have become due and payable, shall, upon the
written request of the Issuer and unless otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed
property law, be repaid to the Issuer by the Trustee for such series or such paying agent, and the Holder of the Securities of
such series and of any Coupons appertaining thereto shall, unless otherwise required by mandatory provisions of applicable escheat
or abandoned or unclaimed property laws, thereafter look only to the Issuer for any payment which such Holder may be entitled to
collect, and all liability of the Trustee or any paying agent with respect to such moneys shall thereupon cease; provided,
that the Trustee or such paying agent, before being required to make any such repayment with respect to moneys deposited with it
for any payment (a) in respect of Registered Securities of any series, shall at the expense of the Issuer, mail by first-class
mail to Holders of such Securities at their addresses as they shall appear on the Security register, and (b) in respect of
Unregistered Securities of any series, shall at the expense of the Issuer cause to the published once, in an Authorized Newspaper
in the Borough of Manhattan, The City of New York, notice, that such moneys remain and that, after a date specified therein, which
shall not be less than thirty days from the date of such mailing or publication, any unclaimed balance of such money then remaining
will be repaid to the Issuer.

 

10.7. INDEMNITY FOR U.S. GOVERNMENT
OBLIGATIONS. The Issuer shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against
the U.S. Government Obligations deposited pursuant to Sections 10.1, 10.2 or 10.3 hereof or the principal or interest received
in respect of such obligations.

 

10.8. EFFECT ON SUBORDINATION PROVISIONS.
Unless otherwise expressly established pursuant to Section 2.3 with respect to the Securities of any series, the provisions
of Section 11.12 hereof and the Subordination Provisions established pursuant to Section 2.3(9) with respect to such series,
are hereby expressly made subject to the provisions for satisfaction and discharge and defeasance and covenant defeasance set forth
in Section 10.1, 10.2 or 10.3 hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of such
satisfaction and discharge and defeasance and covenant defeasance pursuant to Sections 10.1, 10.2 and 10.3 hereof with respect
to the Securities of such series, such Securities shall thereupon cease to be so subordinated and shall no longer be subject to
the provisions of Section 11.12 or the Subordination Provisions established pursuant to Section 2.3(9) with respect to
such series and, without limitation to the foregoing, all moneys, U.S. Government Obligations and other securities or property
deposited with the Trustee (or other qualifying trustee) in trust in connection with such satisfaction and discharge, defeasance
or covenant defeasance, as the case may be, and all proceeds therefrom may be applied to pay the principal of, premium, if any,
and interest, if any, on, and mandatory sinking fund payments, if any, with respect to the Securities of such series as and when
the same shall become due and payable notwithstanding the provisions of Section 11.12 or such Subordination Provisions.

 

ARTICLE
XI

MISCELLANEOUS PROVISIONS 

 

11.1. LIMITATION ON LIABILITY. No
recourse under or upon any obligation, covenant or agreement contained in this Indenture, any Security or in any Guarantee, or
because of any indebtedness evidenced thereby, shall be had against any incorporator, as such, or against any past, present or
future stockholder, officer or director, as such, of the Issuer or of any successor, either directly or through the Issuer or any
successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or
equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the Securities and
the Coupons, if any, appertaining thereto by the Holders thereof and as part of the consideration for the issue of the Securities
and the Coupons appertaining thereto.

 

11.2. BENEFITS OF INDENTURE. Nothing
in this Indenture, in the Securities or Guarantees or in the Coupons appertaining thereto, expressed or implied, shall give or
be construed to give to any person, firm or corporation, other than the parties thereto and their successors and the Holders of
the Securities or Coupons, if any, and the holders of Senior Indebtedness with respect to such series, any legal or equitable right,
remedy or claim under this Indenture or under any covenant or provision herein contained, all such covenants and provisions being
for the sole benefit of the parties hereto and their successors and of the Holders of the Securities or Coupons, if any, and the
holders of Senior Indebtedness with respect to such series.

 

11.3. SUCCESSORS AND ASSIGNS. All
the covenants, stipulations, promises and agreements in this Indenture contained by or in behalf of the Issuer shall bind its successors
and assigns, whether so expressed or not.

 

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11.4. NOTICES. Any notice or demand
which by any provision of this Indenture is required or permitted to be given or served by the Trustee or by the Holders of Securities
or Coupons, if any, to or on the Issuer or any Subsidiary Guarantor shall be in writing (including facsimile) and may be given
or served by being deposited postage prepaid, first-class mail (except as otherwise specifically provided herein) addressed (until
another address of the Issuer is filed by the Issuer with the Trustee) to Smart Balance, Inc., 115 West Century Road – Suite
260, Paramus, New Jersey 07652, Attention: Secretary, Facsimile: (201) 568-9300, Email: nmatar@smartbalance.com. Any notice, direction,
request or demand by the Issuer or any Holder of Securities or Coupons, if any, to or upon the Trustee shall be in writing (including
facsimile) and shall be deemed to have been sufficiently given or served by being deposited postage prepaid, first-class mail (except
as otherwise specifically provided herein) addressed (until another address of the Trustee is filed by the Trustee with the Issuer)
to Wells Fargo
Bank, National Association, 45 Broadway, 14th Floor, New York, NY 10006, Attention: Corporate Trust Services - Administrator
for Smart Balance, Inc., Facsimile: 212-515-1589, Email: martin.g.reed@wellsfargo.com.

 

Where this Indenture
provides for notice to Holders of Registered Securities, such notice shall be sufficiently given (unless otherwise herein expressly
provided) if in writing and mailed, first-class mail, postage prepaid, to each Holder entitled thereto, at his last address as
it appears in the Security register.

 

Where this Indenture
provides for notice to holders of Unregistered Securities, such notice shall be sufficiently given (unless otherwise expressly
provided herein) by giving notice to such Holders (a) by publication of such notice at least once in an Authorized Newspaper
in the Borough of Manhattan, The City of New York, and (b) by mailing such notice to the Holders of Unregistered Securities
who have filed their names and addresses with the Trustee pursuant to Section 313(c)(2) of the Trust Indenture Act at such
addresses as were so furnished to the Trustee.

 

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

 

In case, by reason of
the suspension of or irregularities in regular mail service, it shall be impracticable to mail notice to the Issuer when such notice
is required to be given pursuant to any provision of this Indenture, then any manner of giving such notice as shall be reasonably
satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice.

 

Any notice, demand, request
or other document may be validly delivered to the Trustee, Issuer, or Holders via email or facsimile.

 

11.5. OFFICER’S CERTIFICATES
AND OPINIONS OF COUNSEL. Upon any application or demand by the Issuer to the Trustee to take any action under any of the provisions
of this Indenture, the Issuer shall furnish to the Trustee an Officer’s Certificate stating that all conditions 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 have been complied with.

 

Each certificate or opinion
provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or covenant provided for
in this Indenture shall include (a) a statement that the person making such certificate or opinion has read such covenant or condition,
(b) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions
contained in such certificate or opinion are based, (c) a statement that, in the opinion of such person, he 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 (d) a statement as to whether or not, in the opinion of such person, such condition or
covenant has been complied with.

 

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Any certificate, statement
or opinion of an officer of the Issuer may be based, insofar as it relates to legal matters, upon a certificate or opinion of or
representations by counsel, unless such officer knows that the certificate or opinion or representations with respect to the matters
upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care
should know that the same are erroneous. Any certificate, statement or opinion of counsel may be based, insofar as it relates to
factual matters or information with respect to which is in the possession of the Issuer, upon the certificate, statement or opinion
of or representations by an officer or officers of the Issuer, unless such counsel knows that the certificate, statement or opinion
or representations with respect to the matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous,
or in the exercise of reasonable care should know that the same are erroneous.

 

Any certificate, statement
or opinion of an officer of the Issuer or of counsel may be based, insofar as it relates to accounting matters, upon a certificate
or opinion of or representations by an accountant or firm of accountants in the employ of the Issuer, unless such officer or counsel,
as the case may be, knows that the certificate or opinion of or representations with respect to the accounting matters upon which
his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know
that the same are erroneous.

 

Any certificate or opinion
of any independent firm of public accountants filed with and directed to the Trustee shall contain a statement that such firm is
independent.

 

11.6. PAYMENTS DUE ON SATURDAYS,
SUNDAYS AND HOLIDAYS. If the date of maturity of interest on or principal of the Securities of any series or any Coupons appertaining
thereto or the date fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then payment
of interest or principal need not be made on such date, but may be made on the next succeeding Business Day with the same force
and effect as if made on the date of maturity or the date fixed for redemption, and no interest shall accrue for the period after
such date.

 

11.7. CONFLICT WITH TRUST INDENTURE
ACT. If and to the extent that any provision of this Indenture limits, qualifies or conflicts with duties imposed by, or with another
provision (an “incorporated provision”) included in this Indenture by operation of Sections 310 to 318, inclusive,
of the Trust Indenture Act, such imposed duties or incorporated provision shall control.

 

11.8. GOVERNING LAW; WAIVER OF JURY
TRIAL.

 

THIS INDENTURE AND EACH SECURITY
AND COUPON AND GUARANTEE SHALL BE DEEMED TO BE A CONTRACT UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF SUCH STATE, INCLUDING, WITHOUT LIMITATION, SECTIONS 5-1401 AND 5-1402
OF THE NEW YORK GENERAL OBLIGATIONS LAW AND NEW YORK CIVIL PRACTICE LAWS AND RULES 327(b).

 

EACH OF THE ISSUER, EACH SUBSIDIARY
GUARANTOR AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL
BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY.

 

11.9. COUNTERPARTS. This Indenture
may be executed in any number of counterparts, each of which shall be an original; but such counterparts shall together constitute
but one and the same instrument. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission
shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original
Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original
signatures for all purposes.

 

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

 

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

 

11.12. AGREEMENT TO SUBORDINATE.
The Issuer, for itself, its successors and assigns, covenants and agrees, and each Holder of Securities of any series by his acceptance
thereof, likewise covenants and agrees, that the payment of the principal of (and premium, if any) and interest, if any, on, and
mandatory sinking fund payments, if any, in respect of each and all of the Securities of such series shall be expressly subordinated,
to the extent and in the manner provided in the Subordination Provisions established with respect to the Securities of such series
pursuant to Section 2.3(9) hereof, in right of payment to the prior payment in full of all Senior Indebtedness with respect
to such series.

 

11.13. FORCE MAJEURE. In no event
shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out
of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents,
acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss
or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee
shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon
as practicable under the circumstances.

 

ARTICLE
XII

REDEMPTION OF SECURITIES AND SINKING FUNDS 

 

12.1. APPLICABILITY OF ARTICLE. The
provisions of this Article shall be applicable to the Securities of any series which are redeemable before their maturity or to
any sinking fund for the retirement of Securities of a series except as otherwise specified as contemplated by Section 2.3
for Securities of such series.

 

12.2. NOTICE OF REDEMPTION; PARTIAL
REDEMPTIONS. Notice of redemption to the Holders of Registered Securities of any series to be redeemed as a whole or in part at
the option of the Issuer shall be given by sending notice of such redemption by first class mail, postage prepaid or in accordance
with the Depositary’s procedures, at least 30 days and not more than 60 days prior to the date fixed for redemption
to such Holders of Securities of such series at their last addresses as they shall appear upon the registry books. Notice of redemption
to the Holders of Unregistered Securities to be redeemed as a whole or in part, who have filed their names and addresses with the
Trustee pursuant to Section 313(c)(2) of the Trust Indenture Act shall be given by sending notice of such redemption, by first
class mail, postage prepaid or in accordance with the Depositary’s procedures, at least 30 days and not more than 60
prior to the date fixed for redemption, to such Holders at such addresses as were so furnished to the Trustee (and, in the case
of any such notice given by the Issuer, the Trustee shall make such information available to the Issuer for such purpose). Notice
of redemption to all other Holders of Unregistered Securities shall be published in an Authorized Newspaper in the Borough of Manhattan,
The City of New York, in each case, once in each of three successive calendar weeks, the first publication to be not less than
30 nor more than 60 days prior to the date fixed for redemption. Any notice which is sent in the manner herein provided shall
be conclusively presumed to have been duly given, whether or not the Holder receives the notice. Failure to give notice by mail
or in accordance with the Depositary’s procedures, or any defect in the notice to the Holder of any Security of a series
designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of such Security
of such series.

 

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The notice of redemption
to each such Holder shall identify the Securities to be redeemed (including CUSIP number(s)) and specify the aggregate principal
amount of Securities of such series to be redeemed, the date fixed for redemption, the redemption price, the place or places of
payment, that payment will be made upon presentation and surrender of such Securities and, in the case of Securities with Coupons
attached thereto, of all Coupons appertaining thereto maturing after the date fixed for redemption, that such redemption is pursuant
to the mandatory or optional sinking fund, or both, if such be the case, that interest accrued to the date fixed for redemption
will be paid as specified in such notice and that on and after said date interest thereon or on the portions thereof to be redeemed
will cease to accrue. In case any Security of a series is to be redeemed in part only, the notice of redemption to Holders of Securities
of the series shall state the portion of the principal amount thereof to be redeemed and shall state that on and after the date
fixed for redemption, upon surrender of such Security, a new Security or Securities of such series in principal amount equal to
the unredeemed portion thereof will be issued.

 

The notice of redemption
of Securities of any series to be redeemed at the option of the Issuer shall be given by the Issuer or, at the Issuer’s request,
by the Trustee in the name and at the expense of the Issuer.

 

On or before 11:00 a.m.,
New York City time, on the redemption date specified in the notice of redemption given as provided in this Section, the Issuer
will deposit with the Trustee or with one or more paying agents (or, if the Issuer is acting as its own paying agent, set aside,
segregate and hold in trust as provided in Section 3.4) an amount of money sufficient to redeem on the redemption date all
the Securities of such series so called for redemption at the appropriate redemption price, together with accrued interest to the
date fixed for redemption. The Issuer will deliver to the Trustee at least 20 days prior to the date fixed for redemption,
or such shorter period as shall be acceptable to the Trustee, an Officer’s Certificate stating the aggregate principal amount
of Securities to be redeemed. In case of a redemption at the election of the Issuer prior to the expiration of any restriction
on such redemption, the Issuer shall deliver to the Trustee, prior to the giving of any notice of redemption to Holders pursuant
to this Section, an Officer’s Certificate stating that such restriction has been complied with.

 

If less than all the
Securities of a series are to be redeemed, the Trustee shall select, in accordance with the procedures of the Depositary (if any
of the Securities are then registered with the Depositary), Securities of such series to be redeemed in whole or in part. Securities
may be redeemed in part in multiples equal to the minimum authorized denomination for Securities of such series or any multiple
thereof. The Trustee shall promptly notify the Issuer in writing of the Securities of such series selected for redemption and,
in the case of any Securities of such series selected for partial redemption, the principal amount thereof to be redeemed. For
all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities
of any series shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal
amount of such Security which has been or is to be redeemed.

 

12.3. PAYMENT OF SECURITIES CALLED
FOR REDEMPTION. If notice of redemption has been given as above provided, the Securities or portions of Securities specified in
such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price,
together with interest accrued to the date fixed for redemption, and on and after said date (unless the Issuer shall default in
the payment of such Securities at the redemption price, together with interest accrued to said date) interest on the Securities
or portions of Securities so called for redemption shall cease to accrue, and the unmatured Coupons, if any, appertaining thereto
shall be void, and, except as provided in Sections 6.5 and 10.4, such Securities shall cease from and after the date fixed for
redemption to be entitled to any benefit or security under this Indenture, and the Holders thereof shall have no right in respect
of such Securities except the right to receive the redemption price thereof and unpaid interest to the date fixed for redemption.
On presentation and surrender of such Securities at a place of payment specified in said notice, together with all Coupons, if
any, appertaining thereto maturing after the date fixed for redemption, said Securities or the specified portions thereof shall
be paid and redeemed by the Issuer at the applicable redemption price, together with interest accrued thereon to the date fixed
for redemption; provided, that payment of interest becoming due on or prior to the date fixed for redemption shall be payable
in the case of Securities with Coupons attached thereto, to the Holders of the Coupons for such interest upon surrender thereof,
and in the case of Registered Securities, to the Holder of such Registered Securities registered as such on the relevant record
date, subject to the terms and provisions of Section 2.3 and 2.7 hereof.

 

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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 or duly provided for,
bear interest from the date fixed for redemption at the rate of interest or Yield to Maturity (in the case of an Original Issue
Discount Security) borne by such Security.

 

If any Security with
Coupons attached thereto is surrendered for redemption and is not accompanied by all appurtenant Coupons maturing after the date
fixed for redemption, the surrender of such missing Coupon or Coupons may be waived by the Issuer and the Trustee, if there be
furnished to each of them such security or indemnity as they may require to save each of them harmless.

 

Upon presentation of
any Security redeemed in part only, the Issuer shall execute and the Trustee shall authenticate and deliver to or on the order
of the Holder thereof, at the expense of the Issuer, a new Security or Securities of such series, of authorized denominations,
in principal amount equal to the unredeemed portion of the Security so presented.

 

12.4. EXCLUSION OF CERTAIN SECURITIES
FROM ELIGIBILITY FOR SELECTION FOR REDEMPTION. Securities shall be excluded from eligibility for selection for redemption if they
are identified by registration and certificate number in an Officer’s Certificate delivered to the Trustee at least 40 days
prior to the last date on which notice of redemption may be given as being owned of record and beneficially by, and not pledged
or hypothecated by, either (a) the Issuer or (b) an entity specifically identified in such written statement as directly
or indirectly controlling or controlled by or under direct or indirect common control with the Issuer.

 

12.5. MANDATORY AND OPTIONAL SINKING
FUNDS. The minimum amount of any sinking fund payment provided for by the terms of the Securities of any series is herein
referred to as a “mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by
the terms of the Securities of any series is herein referred to as an “optional sinking fund payment.” The date on
which a sinking fund payment is to be made is herein referred to as the “sinking fund payment date.”

 

In lieu of making all
or any part of any mandatory sinking fund payment with respect to any series of Securities in cash, the Issuer may at its option
(a) deliver to the Trustee Securities of such series theretofore purchased or otherwise acquired (except upon redemption pursuant
to the mandatory sinking fund) by the Issuer or receive credit for Securities of such series (not previously so credited) theretofore
purchased or otherwise acquired (except as aforesaid) by the Issuer and delivered to the Trustee for cancellation pursuant to Section 2.10,
(b) receive credit for optional sinking fund payments (not previously so credited) made pursuant to this Section, or (c) receive
credit for Securities of such series (not previously so credited) redeemed by the Issuer through any optional redemption provision
contained in the terms of such series. Securities so delivered or credited shall be received or credited by the Trustee at the
sinking fund redemption price specified in such Securities.

 

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On or before the 60th
day next preceding each sinking fund payment date for any series, the Issuer will deliver to the Trustee an Officer’s Certificate
(which need not contain the statements required by Section 11.5) (a) specifying the portion of the mandatory sinking
fund payment to be satisfied by payment of cash and the portion to be satisfied by credit of Securities of such series and the
basis for such credit, (b) stating that none of the Securities of such series has theretofore been so credited, (c) stating
that no defaults in the payment of interest or Events of Default with respect to such series have occurred (which have not been
waived or cured) and are continuing and (d) stating whether or not the Issuer intends to exercise its right to make an optional
sinking fund payment with respect to such series and, if so, specifying the amount of such optional sinking fund payment which
the Issuer intends to pay on or before the next succeeding sinking fund payment date. Any Securities of such series to be credited
and required to be delivered to the Trustee in order for the Issuer to be entitled to credit therefor as aforesaid which have not
theretofore been delivered to the Trustee shall be delivered for cancellation pursuant to Section 2.10 to the Trustee with
such Officer’s Certificate (or reasonably promptly thereafter if acceptable to the Trustee). Such Officer’s Certificate
shall be irrevocable and upon its receipt by the Trustee, the Issuer shall become unconditionally obligated to make all the cash
payments or payments therein referred to, if any, on or before the next succeeding sinking fund payment date. Failure of the Issuer,
on or before any such 60th day, to deliver such Officer’s Certificate and Securities specified in this paragraph, if any,
shall not constitute a default but shall constitute, on and as of such date, the irrevocable election of the Issuer (i) that
the mandatory sinking fund payment for such series due on the next succeeding sinking fund payment date shall be paid entirely
in cash without the option to deliver or credit Securities of such series in respect thereof and (ii) that the Issuer will
make no optional sinking fund payment with respect to such series as provided in this Section.

 

If the sinking fund payment
or payments (mandatory or optional or both) to be made in cash on the next succeeding sinking fund payment date plus any unused
balance of any preceding sinking fund payments made in cash shall exceed $50,000 (or the equivalent thereof in any Foreign Currency)
or a lesser sum in Dollars (or the equivalent thereof in any Foreign Currency) if the Issuer shall so request with respect to the
Securities of any particular series, such cash shall be applied on the next succeeding sinking fund payment date to the redemption
of Securities of such series at the sinking fund redemption price together with accrued interest to the date fixed for redemption.
If such amount shall be $50,000 (or the equivalent thereof in any Foreign Currency) or less and the Issuer makes no such request
then it shall be carried over until a sum in excess of $50,000 (or the equivalent thereof in any Foreign Currency) is available.
The Trustee shall select, in the manner provided in Section 12.2, for redemption on such sinking fund payment date a sufficient
principal amount of Securities of such series to absorb said cash, as nearly as may be, and shall (if requested in writing by the
Issuer) inform the Issuer of the serial numbers of the Securities of such series (or portions thereof) so selected. Securities
shall be excluded from eligibility for redemption under this Section if they are identified by registration and certificate number
in an Officer’s Certificate delivered to the Trustee at least 60 days prior to the sinking fund payment date as being
owned of record and beneficially by, and not pledged or hypothecated by, either (a) the Issuer or (b) an entity specifically
identified in such Officer’s Certificate as directly or indirectly controlling or controlled by or under direct or indirect
common control with the Issuer. The Trustee, in the name and at the expense of the Issuer (or the Issuer, if it shall so request
the Trustee in writing) shall cause notice of redemption of the Securities of such series to be given in substantially the manner
provided in Section 12.2 (and with the effect provided in Section 12.3) for the redemption of Securities of such series
in part at the option of the Issuer. The amount of any sinking fund payments not so applied or allocated to the redemption of Securities
of such series shall be added to the next cash sinking fund payment for such series and, together with such payment, shall be applied
in accordance with the provisions of this Section. Any and all sinking fund moneys held on the stated maturity date of the Securities
of any particular series (or earlier, if such maturity is accelerated), which are not held for the payment or redemption of particular
Securities of such series shall be applied, together with other moneys, if necessary, sufficient for the purpose, to the payment
of the principal of, and interest on, the Securities of such series at maturity.

 

On or before each sinking
fund payment date, the Issuer shall pay to the Trustee in cash or shall otherwise provide for the payment of all interest accrued
to the date fixed for redemption on Securities to be redeemed on the next following sinking fund payment date.

 

The Trustee shall not
redeem or cause to be redeemed any Securities of a series with sinking fund moneys or give any notice of redemption of Securities
for such series by operation of the sinking fund during the continuance of a default in payment of interest on such Securities
or of any Event of Default except that, where the giving of notice of redemption of any Securities shall theretofore have been
made, the Trustee shall redeem or cause to be redeemed such Securities, provided that it shall have received from the Issuer
a sum sufficient for such redemption. Except as aforesaid, any moneys in the sinking fund for such series at the time when any
such default or Event of Default shall occur, and any moneys thereafter paid into the sinking fund, shall, during the continuance
of such default or Event of Default be deemed to have been collected under Article Five and held for the payment of all such Securities.
In case such Event of Default shall have been waived as provided in Section 5.10 or the default cured on or before the sixtieth
day preceding the sinking fund payment date in any year, such moneys shall thereafter be applied on the next succeeding sinking
fund payment date in accordance with this Section to the redemption of such Securities.  

 

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ARTICLE
XIII

GUARANTEE 

 

13.1. UNCONDITIONAL GUARANTEE.

 

(a) Notwithstanding
any provision of this Article XIII to the contrary, the provisions of this Article XIII shall be applicable only to,
and inure solely to the benefit of, the Securities of any series designated, pursuant to Section 2.3, as entitled to the benefits
of a Guarantee from one or more Subsidiary Guarantors.

 

(b) For value received,
each of the Subsidiary Guarantors hereby fully, unconditionally and absolutely guarantees (the “Guarantee”) to the
Holders and to the Trustee the due and punctual payment of the principal of, and premium, if any, and interest on the Securities
and all other amounts due and payable under this Indenture and the Securities by the Issuer, when and as such principal, premium,
if any, and interest shall become due and payable, whether at the Stated Maturity or by declaration of acceleration, call for redemption
or otherwise, according to the terms of the Securities and this Indenture, subject to the limitations set forth in Section 13.3.

 

(c) Failing payment
when due of any amount guaranteed pursuant to the Guarantee, for whatever reason, each of the Subsidiary Guarantors will be jointly
and severally obligated to pay the same immediately. The Guarantee hereunder is intended to be a general, unsecured, senior obligation
of each of the Subsidiary Guarantors and will rank pari passu in right of payment with all Debt of each Subsidiary Guarantor that
is not, by its terms, expressly subordinated in right of payment to the Guarantee. Each of the Subsidiary Guarantors hereby agrees
that its obligations hereunder shall be full, unconditional and absolute, irrespective of the validity, regularity or enforceability
of the Securities, the Guarantee (including the Guarantee of any other Subsidiary Guarantor) or this Indenture, the absence of
any action to enforce the same, any waiver or consent by any Holder of the Securities with respect to any provisions hereof or
thereof, the recovery of any judgment against the Issuer or any other Subsidiary Guarantor, or any action to enforce the same or
any other circumstances which might otherwise constitute a legal or equitable discharge or defense of any of the Subsidiary Guarantors.
Each of the Subsidiary Guarantors hereby agrees that in the event of a default in payment of the principal of, or premium, if any,
or interest on the Securities, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise,
legal proceedings may be instituted by the Trustee on behalf of the Holders or, subject to Section 5.4, by the Holders, on
the terms and conditions set forth in this Indenture, directly against such Subsidiary Guarantor to enforce the Guarantee without
first proceeding against the Issuer or any other Subsidiary Guarantor.

 

(d) The obligations
of each of the Subsidiary Guarantors under this Article XIII shall be as aforesaid full, unconditional and absolute and shall
not be impaired, modified, released or limited by any occurrence or condition whatsoever, including, without limitation, (i) any
compromise, settlement, release, waiver, renewal, extension, indulgence or modification of, or any change in, any of the obligations
and liabilities of the Issuer or the Subsidiary Guarantors contained in the Securities or this Indenture, (ii) any impairment,
modification, release or limitation of the liability of the Issuer or the Subsidiary Guarantors or any of their estates in bankruptcy,
or any remedy for the enforcement thereof, resulting from the operation of any present or future provision of any applicable Bankruptcy
Law, as amended, or other statute or from the decision of any court, (iii) the assertion or exercise by the Issuer, any of
the Subsidiary Guarantors or the Trustee of any rights or remedies under the Securities or this Indenture or their delay in or
failure to assert or exercise any such rights or remedies, (iv) the assignment or the purported assignment of any property
as security for the Securities, including all or any part of the rights of the Issuer or any of the Subsidiary Guarantors under
this Indenture, (v) the extension of the time for payment by the Issuer or any of the Subsidiary Guarantors of any payments
or other sums or any part thereof owing or payable under any of the terms and provisions of the Securities or this Indenture or
of the time for performance by the Issuer or any of the Subsidiary Guarantors of any other obligations under or arising out of
any such terms and provisions or the extension or the renewal of any thereof, (vi) the modification or amendment (whether
material or otherwise) of any duty, agreement or obligation of the Issuer or any of the Subsidiary Guarantors set forth in this
Indenture, (vii) the voluntary or involuntary liquidation, dissolution, sale or other disposition of all or substantially
all of the assets, marshaling of assets and liabilities, receivership, insolvency, bankruptcy, assignment for the benefit of creditors,
reorganization, arrangement, composition or readjustment of, or other similar proceeding affecting, the Issuer or any of the Subsidiary
Guarantors or any of their respective assets, or the disaffirmance of the Securities, the Guarantee or this Indenture in any such
proceeding, (viii) the release or discharge of the Issuer or any of the Subsidiary Guarantors from the performance or observance
of any agreement, covenant, term or condition contained in any of such instruments by operation of law, (ix) the unenforceability
of the Securities, any Guarantee or this Indenture or (x) any other circumstances (other than payment in full or discharge
of all amounts guaranteed pursuant to any of the Guarantees) which might otherwise constitute a legal or equitable discharge of
a surety or guarantor.  

 

    	- 46 -

    	 

    

 

(e) Each of the
Subsidiary Guarantors hereby (i) waives diligence, presentment, demand of payment, filing of claims with a court in the event
of the merger, insolvency or bankruptcy of the Issuer or any of the Subsidiary Guarantors, and all demands whatsoever, (ii) acknowledges
that any agreement, instrument or document evidencing any Guarantee may be transferred and that the benefit of its obligations
hereunder shall extend to each holder of any agreement, instrument or document evidencing any Guarantee without notice to it and
(iii) covenants that the Guarantee will not be discharged except by complete performance of the Guarantee. Each of the Subsidiary
Guarantors further agrees that if at any time all or any part of any payment theretofore applied by any Person to the Guarantee
is, or must be, rescinded or returned for any reason whatsoever, including without limitation, the insolvency, bankruptcy or reorganization
of the Issuer or any of the Subsidiary Guarantors, the Guarantee shall, to the extent that such payment is or must be rescinded
or returned, be deemed to have continued in existence notwithstanding such application, and the Guarantee shall continue to be
effective or be reinstated, as the case may be, as though such application had not been made.

 

(f) Each of the
Subsidiary Guarantors shall be subrogated to all rights of the Holders and the Trustee against the Issuer in respect of any amounts
paid by such Subsidiary Guarantor pursuant to the provisions of this Indenture; provided, however, that such Subsidiary
Guarantor, shall not be entitled to enforce or to receive any payments arising out of, or based upon, such right of subrogation
until all of the Securities and the Guarantees shall have been paid in full or discharged.

 

(g) Each Guarantee by
a Subsidiary Guarantor hereunder shall be subordinated to Senior Indebtedness of the Subsidiary Guarantor to the same extent as
the Notes are subordinated to Senior Indebtedness of the Issuer.

 

13.2. EXECUTION AND DELIVERY OF GUARANTEE.
To further evidence the Guarantee set forth in Section 13.1, each of the Subsidiary Guarantors hereby agrees that a notation
relating to such Guarantee, substantially in the form attached hereto as Annex A, shall be endorsed on each Security entitled to
the benefits of the Guarantee authenticated and delivered by the Trustee and executed by either manual or facsimile signature of
an Officer of such Subsidiary Guarantor. Each of the Subsidiary Guarantors hereby agrees that the Guarantee set forth in Section
13.1 shall remain in full force and effect notwithstanding any failure to endorse on each Security a notation relating to the Guarantee.
If any Officer of any Subsidiary Guarantor whose signature is on this Indenture or a Security no longer holds that office at the
time the Trustee authenticates such Security or at any time thereafter, the Guarantee of such Security shall be valid nevertheless.
The delivery of any Security by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Guarantee
set forth in this Indenture on behalf of the Subsidiary Guarantors. The Trustee hereby accepts the trusts in this Indenture upon
the terms and conditions herein set forth.

 

SECTION 13.3. LIMITATION
ON SUBSIDIARY GUARANTORS’ LIABILITY. Each Subsidiary Guarantor and by its acceptance hereof each Holder of a Security entitled
to the benefits of the Guarantee hereby confirm that it is the intention of all such parties that the guarantee by such Subsidiary
Guarantor pursuant to the Guarantee not constitute a fraudulent transfer or conveyance for purposes of any Federal or state law.
To effectuate the foregoing intention, the Holders of a Security entitled to the benefits of the Guarantee and the Subsidiary Guarantors
hereby irrevocably agree that the obligations of each Subsidiary Guarantor under the Guarantee shall be limited to the maximum
amount as will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and to any collections
from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary
Guarantor under the Guarantee, not result in the obligations of such Subsidiary Guarantor under the Guarantee constituting a fraudulent
conveyance or fraudulent transfer under Federal or state law.

 

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SECTION 13.4. RELEASE
OF SUBSIDIARY GUARANTORS.

  

(a) Notwithstanding
any other provisions of this Indenture, the Guarantee of any Subsidiary Guarantor may be released upon the terms and subject to
the conditions set forth in this Section 13.4. The Guarantee incurred by a Subsidiary Guarantor pursuant to this Article XIII
shall be unconditionally released and discharged automatically

 

(i) upon any sale,
exchange or transfer, whether by way of merger or otherwise, to any Person that is not an Affiliate of the Company, of all of the
Issuer’s direct or indirect equity interests in such Subsidiary Guarantor (provided such sale, exchange or transfer is not
prohibited by this Indenture),

 

(ii) upon the merger
of such Subsidiary Guarantor into the Issuer or any other Subsidiary Guarantor,

 

(iii) upon the liquidation
and dissolution of such Subsidiary Guarantor (to the extent not prohibited by this Indenture),

 

(iv) upon the Issuer’s
delivery of a written notice to the Trustee of the release or discharge of all guarantees by such Subsidiary Guarantor of any Debt
of the Issuer other than obligations arising under this Indenture and any Securities issued hereunder, except a discharge or release
by or as a result of payment under such guarantees,

 

(v) upon the satisfaction
and discharge of the Securities of a series in accordacne with Article X hereof; and

 

(vi) upon the defeasance
or covenant defeasance of the Securities of a series in accordance with Article X hereof.

 

(b) The
Trustee shall deliver an appropriate instrument evidencing any release of a Subsidiary Guarantor from the Guarantee upon receipt
of a written request of the Issuer accompanied by an Officer’s Certificate and an Opinion of Counsel to the effect that the
Subsidiary Guarantor is entitled to such release in accordance with the provisions of this Indenture. Any Subsidiary Guarantor
not so released shall remain liable for the full amount of principal of (and premium, if any) and interest on the Securities entitled
to the benefits of the Guarantee as provided in this Indenture, subject to the limitations of Section 13.3.

 

Section 13.5. SUBSIDIARY
GUARANTOR CONTRIBUTION. In order to provide for just and equitable contribution among the Subsidiary Guarantors, the Subsidiary
Guarantors hereby agree, inter se, that in the event any payment or distribution is made by any Subsidiary Guarantor (a
“Funding Guarantor”) under the Guarantee, such Funding Guarantor shall be entitled to a contribution from each other
Subsidiary Guarantor (if any) in a pro rata amount based on the net assets of each Subsidiary Guarantor (including the Funding
Guarantor) for all payments, damages and expenses incurred by that Funding Guarantor in discharging the Issuers’ obligations
with respect to the Securities or any other Subsidiary Guarantor’s obligations with respect to the Guarantee.

 

Section 13.6. USA PATRIOT
ACT. The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial
institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record
information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The
parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee
to satisfy the requirements of the U.S.A. Patriot Act.

    	- 48 -

    	 

    

 

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

 

	 	SMART BALANCE, INC.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

    	 

    	 

    

  

ANNEX A

 

NOTATION OF GUARANTEE

 

     For value
received, the undersigned (the "Subsidiary Guarantor"), to the extent set forth in and subject to the terms of the Indenture,
dated as of ________________ (the "Indenture"), between Smart Balance, Inc. (the “Issuer”) and Wells Fargo
Bank, National Association, as Trustee (the “Trustee”), irrevocably and fully and unconditionally, and jointly and
severally with each other Subsidiary Guarantor, guarantees to each Holder and to the Trustee and its successors and assigns (1)
the full and punctual payment when due, whether at Stated Maturity, by acceleration, by redemption or otherwise, of all obligations
of the Issuer under the Indenture (including obligations to the Trustee) and the Securities, whether for payment of principal of
or interest on or premium, if any, on the Securities and all other monetary obligations of the Issuer under the Indenture and the
Securities and (2) the full and punctual performance within applicable grace periods of all other obligations of the Issuer whether
for fees, expenses, indemnification or otherwise under this Indenture and the Securities (all the foregoing being hereinafter collectively
called the "Guaranteed Obligations").

 

The obligations of
the Subsidiary Guarantor to the Holders and to the Trustee pursuant to this Guarantee and the Indenture are expressly set forth
in Article XIII of the Indenture, and reference is hereby made to the Indenture for the precise terms and limitations of this Guarantee.
Each Holder of the Securities to which this Guarantee is endorsed, by accepting such Securities, agrees to and shall be bound by
such provisions. All terms used in this Guarantee which are defined in the Indenture shall have the meanings assigned to them in
the Indenture.

 

IN WITNESS WHEREOF,
the Guarantor has caused this Guarantee to be signed by a duly authorized officer.SMART
BALANCE, INC.

2012 INDUCEMENT AWARD PLAN

 

Section 1.Purpose and Construction.

 

(a)Purpose. Smart Balance, Inc.
has implemented the Smart Balance, Inc. 2012 Inducement Award Plan (the “Plan”) in order to promote the long-term growth
and financial success of Smart Balance, Inc. and increase shareholder value by attracting outstanding officers and other employees.
The Plan is designed to accomplish these goals by providing stock option incentives for Participants to commence employment relationships
with Smart Balance, Inc.

 

(b)Construction. Capitalized terms
used in this Plan shall have the meanings set forth in Section 11, unless the context clearly requires otherwise. Awards made under
this Plan and the accompanying Award Agreements are intended to not constitute non-qualified deferred compensation for purposes
of Code Section 409A. The Committee shall have the authority to interpret and apply the terms of the Plan or any Award Agreement
consistent with such intention.

 

(c)Deemed Amendment. Any non-complying
provision of the Plan and any Award Agreement issued under the Plan shall be deemed amended to the extent necessary to preserve
the intended tax consequence set forth in paragraph (b) above. Nothing in this Plan shall be construed, interpreted or applied
in any way that would conflict with any provision of the Company’s Restated Certificate of Incorporation.

 

(d)Effective Date. This Plan is
effective as of July 2, 2012.

 

Section 2.Shares Reserved Under this
Plan.

 

(a)Plan
Reserve. An aggregate of 1,300,000 Shares are reserved for issuance under this Plan. The maximum number of Shares that may
be the subject of Awards (Options) granted to a Participant in any calendar year may not exceed
1,300,000 Shares. The number of Shares covered by an Award under the Plan shall be counted on the date of grant of such Award against
the number of Shares available for granting Awards under the Plan. Any Shares delivered pursuant to the exercise of an Award may
consist, in whole or in part, of authorized and unissued Shares or of treasury shares. Under no circumstances may any Award be
made effective prior to the date such Award is approved by the Committee.

 

(b)Share Adjustment. In the event
that the Committee shall determine that any dividend or other distribution (whether in the form of cash, Shares, other securities
or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off,
combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase
Shares or other securities of the Company, or other similar corporate transaction or event (collectively referred to as “Events”)
affects the Shares such that an adjustment is determined by the Committee to be appropriate in order to prevent dilution or enlargement
of the benefits or potential benefits intended to be made available under the Plan, then the Committee may, in such manner as it
may deem equitable, adjust any or all of: (i) the number and type of Shares subject to the Plan and which thereafter may be made
the subject of Awards under the Plan; (ii) the number and type of Shares subject to outstanding Awards; and (iii) the exercise
price with respect to any Award (collectively referred to as “Adjustments”); provided, however, that Awards subject
to grant or previously granted to Participants under the Plan at the time of any such Event shall be subject only to such Adjustments
as shall be necessary to maintain the proportionate interest of the Participants and preserve, without exceeding, the value of
such Awards; and provided further that the number of Shares subject to any Award shall always be a whole number. All such adjustments
shall be made so that the adjustments do not result in the grant of a new Award for purposes of Section 409A of the Code or cause
the Company to record a new compensation charge for financial reporting purposes.

 

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(c)Replenishment of Shares Under this
Plan. The number of Shares reserved for issuance under this Plan shall be reduced only by the number of Shares actually delivered
in payment or settlement of Awards. If an Award lapses, expires, terminates or is cancelled without the issuance of Shares under
the Award, then the Shares subject to, reserved for or delivered in payment in respect of such Award may again be used for new
Awards under this Plan. If Shares are issued under any Award and the Company subsequently reacquires them pursuant to rights reserved
upon the issuance of the Shares or if Shares, including previously owned Shares or newly issued Shares, are delivered by a Participant
to the Company in satisfaction of any employment or income tax withholding obligation or in payment of the exercise price of an
Award, then the Shares subject to, reserved for or delivered in payment in respect of such Award may again be used for new Awards
under this Plan.

 

Section 3.Plan Administration and Operation.

 

(a)Administrative Authority. Subject
to any limitations or restrictions under the Company’s Restated Certificate of Incorporation, the Plan shall be administered
by, and the Committee has full authority to administer this Plan, including the authority to (i) interpret the provisions of this
Plan, (ii) prescribe, amend and rescind rules and regulations relating to this Plan, (iii) correct any defect, supply any omission,
or reconcile any inconsistency in any Award or agreement covering an Award in the manner and to the extent it deems desirable to
carry this Plan into effect, and (iv) make all other determinations necessary or advisable for the administration of this Plan.

 

(b)Awards. The Committee has full
authority to designate from time to time which new employees shall be eligible to be Participants under this Plan and the nature
and scope of Awards offered to new employees. All awards under the Plan shall be in the form of Options. The Committee may consider
such factors as it deems pertinent in determining the number of Shares subject to an Award under this Plan and in determining any
Performance Goals, vesting periods, or other conditions or limitations of the Award. Awards under this Plan must be approved by
the Committee prior to the date the Participant commences employment with the Company.

 

(c)Committee Action and Delegation.
A majority of the members of the Committee will constitute a quorum, and a majority of the Committee’s members present at
a meeting at which a quorum is present must make all determinations of the Committee. The Committee may make any determination
under this Plan without notice or meeting of the Committee by a writing that a majority of the Committee members have signed. To
the extent applicable law permits, the Board may delegate to another committee of the Board or the Committee may delegate to specified
officers of the Company any or all of the authority and responsibility of the Committee. In the event of any such delegation, then
all references to the Committee in this Plan include such other committee or one or more officers to the extent of such delegation.
Except to the extent prohibited by applicable law, the Committee may also authorize any one or more of their number or the Secretary
or any other officer of the Company to execute and deliver documents previously approved by the Committee.

 

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(d)Review of Committee Decisions.
All Committee determinations are final and binding upon all interested parties and no reviewing court, agency or other tribunal
shall overturn a decision of the Committee unless it first determines that the Committee acted in an arbitrary and capricious manner
with respect to such decision.

 

(e)Committee Indemnification. No
member of the Committee will be liable for any act done, or determination made, by the individual in good faith with respect to
the Plan or any Award. The Company will indemnify and hold harmless all Committee members to the maximum extent that the law and
the Company’s bylaws and Restated Certificate of Incorporation permit.

 

Section 4.Discretionary Awards.

 

Subject to the terms of this Plan, including
Section 3(b) and 3(c) above and Section 6 below, the Committee has full power and authority to determine: (a) the number of Shares
with respect to which an Award is granted to a Participant; and (b) any other terms and conditions of any Award granted to a Participant.
Awards under this Plan may be granted either alone or in addition to, in tandem with, or in substitution for any other award granted
under another plan of the Company or any Company Entity). All Awards shall be evidenced by written Award Agreements.

 

Section 5.Options.

 

(a)Exercise Price of Options. For
each Award, the Committee will establish (i) the exercise price, which may not be less than the Fair Market Value of the Shares
subject to the Award on the Grant Date and (ii) the method or methods by which a Participant may pay the exercise price or satisfy
his or her Tax Obligation with respect to the Award, including net or cashless exercise procedures.

 

(b)Terms and Conditions of Options.
The Award Agreement shall also set forth all other terms and conditions of the Award, including the term of the Award and any vesting
schedule or Performance Goals. Subject to the terms of the Plan, an Award will be exercisable at such times and subject to such
conditions as the Committee specifies. Notwithstanding the preceding, each Award must terminate no later than ten (10) years after
the date of grant.

 

Section 6.Effect of Termination of Employment.

 

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(a)Award Limitations. Subject to
the limitations set forth in Section 6(b) below, the Committee shall, in its discretion, determine the consequences under any Award
of the Participant’s Separation from Service for any reason. The restrictions under Section 6(b) and any other limitations
imposed by the Committee under this Section 6(a) shall be included in the Award Agreement. Unless otherwise stated under the Award
Agreement, if a Participant has a Separation from Service, all non-vested Options shall immediately terminate and be forfeited
and all vested Options shall terminate and be forfeited if not exercised within ninety (90) days of such Separation from Service.
The foregoing notwithstanding, in the event the Separation From Service is due to the Participant’s death or Disability,
all non-vested Options shall vest upon such death or Disability termination and all Options shall thereafter terminate and be forfeited
if not exercised within one (1) year of the Separation from Service or prior to the expiration of the term of the Option, if sooner.
When a Participant has a Separation from Service, the Committee in its sole discretion, is authorized to (i) accelerate vesting
of non-vested Options, (ii) grant the Participant a longer period post-separation to exercise the Options following a Separation
from Service consistent with the requirements of Treas. Reg. § 1.409A-1(b)(5)(v)(C), or (iii) allow continued vesting of the
Options on such terms and conditions as the Committee may deem reasonable and appropriate.

 

(b)For Cause Termination. Notwithstanding
any provision in this Plan or in any Award Agreement, if a Participant’s employment is terminated by the Company for Cause,
then all Awards previously granted to such Participant shall immediately terminate and be forfeited retroactively to the date the
Participant first engaged in the conduct which was the basis for such termination.

 

Section 7.Non-Transferability.

 

(a)Awards. Except as otherwise
provided in this Section or as the Committee otherwise provides in the Award Agreement, Awards granted under this Plan are not
transferable by a Participant other than by will or the applicable laws of descent or distribution. During the lifetime of the
Participant such Awards may be exercised only by the Participant. Following the death of a Participant, Awards may be exercised,
consistent with the terms of the Award, by the Participant’s legal representative or transferee of such Participant by will
or applicable law of descent or distribution.

 

(b)Shares. Shares received in connection
with the exercise of an Award shall be transferable, subject to any restrictions on transfer imposed by applicable securities laws.

 

Section 8.Amendment and Termination
of the Plan and Awards.

 

(a)Term of Plan. This Plan will
terminate on, and no Award may be granted after, the ten (10) year anniversary of the Effective Date, unless the Company earlier
terminates this Plan pursuant to Section 8(b).

 

(b)Termination and Amendment. The
Company may amend, alter, suspend, discontinue or terminate this Plan at any time, subject to shareholder approval if: (i) shareholder
approval of such amendment(s) is required under the Exchange Act; or (ii) shareholder approval of such amendment(s) is required
under the listing requirements of principal securities exchange or market on which the Shares are then traded (to maintain the
listing or quotation of the Shares on that exchange).

 

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(c)Amendment, Modification or Cancellation
of Awards. Except as provided in Section 8(e) and subject to the requirements of this Plan, the Committee may waive any restrictions
or conditions applicable to any Award or the exercise of the Award, and the Committee may modify, amend, or cancel any of the other
terms and conditions applicable to any Awards by mutual agreement between the Committee and the Participant or any other persons
as may then have an interest in the Award, but the Committee need not obtain the Participant’s (or other interested party’s)
consent for the cancellation of an Award pursuant to the provisions of Section 2(b). The foregoing notwithstanding, no modification,
extension, amendment or cancellation of any terms or conditions of any Award shall be made to the extent such action would violate
the requirements of Section 409A of the Code or would result in such action being treated as a new Option grant pursuant to Treas.
Reg. §1.409A-1(b)(5)(v).

 

(d)Survival of Committee Authority
and Awards. Notwithstanding the foregoing, the authority of the Committee to administer this Plan and modify or amend an Award
shall extend beyond the date this Plan is terminated. In addition, termination of this Plan will not affect the rights of Participants
with respect to Awards previously granted to them, and all unexpired Awards will continue in force and effect after termination
of this Plan except as they may lapse or be terminated by their own terms and conditions.

 

(e)Repricing Prohibited. Notwithstanding
anything in this Plan to the contrary, and except for the adjustments provided in Section 2(b), neither the Committee nor any other
person may decrease the exercise price for any outstanding Option granted under this Plan after the date of grant nor allow a Participant
to surrender an outstanding Option granted under this Plan to the Company as consideration for the grant of a new Option with a
lower exercise price.

 

Section 9.Change of Control.

 

To the extent not prohibited under the Restated
Certificate of Incorporation and except to the extent otherwise set forth in an Award Agreement covering an Award, in the event
of a Change of Control, all non-vested Options shall vest and become fully exercisable upon the occurrence of such Change of Control
without regard to any Performance Goal or vesting schedule set forth in the applicable Award Agreement.

 

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Section 10.General Provisions.

 

(a)Other Terms and Conditions.
The grant of any Award under this Plan may also be subject to such other provisions or include other tandem rights or features
(whether or not applicable to the Award awarded to any other Participant) as the Committee determines appropriate. The foregoing
notwithstanding, no Award shall include any additional deferral feature or other provision that would cause the Award to be subject
to Section 409A of the Code.

 

(b)No Fractional Shares. No fractional
Shares or other securities may be issued or delivered pursuant to this Plan, and the Committee may determine whether cash, other
securities or other property will be paid or transferred in lieu of any fractional Shares or other securities, or whether such
fractional Shares or other securities or any rights to fractional Shares or other securities will be canceled, terminated or otherwise
eliminated.

 

(c)Requirements of Law. The granting
of Awards under this Plan and the issuance of Shares in connection with an Award are subject to all applicable laws, rules and
regulations and to such approvals by any governmental agencies or national securities exchanges as may be required. Notwithstanding
any other provision of this Plan or any Award Agreement, the Company has no liability to deliver any Shares under this Plan or
make any payment unless such delivery or payment would comply with all applicable laws and the applicable requirements of any securities
exchange or similar entity.

 

(d)Governing Law. This Plan, and
all agreements under this Plan, should be construed in accordance with and governed by the laws of the State of Delaware, without
reference to any conflict of law principles. Any legal action or proceeding with respect to this Plan, any Award or any Award Agreement,
or for recognition and enforcement of any judgment in respect of this Plan, any Award or any Award Agreement, may only be brought
and determined in a court sitting in the County of Bergen, or the Federal District Court for the Third District of New Jersey sitting
in Third District, in the State of New Jersey.

 

(e)Severability. If any provision
of this Plan or any Award Agreement or any Award (i) is or becomes or is deemed to be invalid, illegal or unenforceable in any
jurisdiction, or as to any person or Award, or (ii) would disqualify this Plan, any Award Agreement or any Award under any law
the Committee deems applicable, then such provision should be construed or deemed amended to conform to applicable laws, or if
it cannot be so construed or deemed amended without, in the determination of the Committee, materially altering the intent of this
Plan, Award Agreement or Award, then such provision should be stricken as to such jurisdiction, person or Award, and the remainder
of this Plan, such Award Agreement and such Award will remain in full force and effect.

 

(f)Other Arrangements. Nothing
contained in the Plan shall prevent the Company or any Company Entity from adopting or continuing in effect other or additional
compensation arrangements for Participants, and such arrangements may be either generally applicable or applicable only in specific
cases.

 

(g)No Right to Remain Employed.
The grant of an Award to a Participant pursuant to the Plan shall confer no right on such Participant to continue as an officer,
employee, consultant, advisor or other similar position relative to the Company or any Company Entity. Except for rights accorded
under the Plan, Participants shall have no rights as holders of Shares as a result of the granting of Awards hereunder.

 

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Section 11.Definitions.

 

(a)“Award” means any grant
of Options under this Plan.

 

(b)“Award Agreement” means
a written agreement, in such form (consistent with the terms of this Plan) as approved by the Committee.

 

(c)“Board” shall mean the
Board of Directors of the Company.

 

(d)“Cause” means with respect
to a Participant any of the following as determined by the Board, in its sole discretion, (a) fraud or intentional misrepresentation,
(b) embezzlement, misappropriation or conversion of assets or opportunities of the Company or any Company Entity, (c) acts or omissions
that are in bad faith or constitute gross negligence, or willful or reckless misconduct, or (d) conviction, plea of guilty or nolo
contendere, or judicial determination of civil liability, based on a federal or state felony or serious criminal or civil offense.

 

(e)“Change of Control” means
the occurrence of any of the following: events with respect to the Company:

 

a.                  
any Person (other than an Exempt Person) acquires securities of the Company representing fifty percent (50%) or more of
the combined voting power of the Company’s then outstanding voting securities;

 

b.                 
any Person acquires, during the twelve (12) month period ending on the date of the most recent acquisition, securities of
Company representing thirty percent (30%) of Company’s then outstanding voting securities;

 

c.                  
a majority of the members of the Board is replaced during any twelve (12) month period by directors whose appointment or
election is not endorsed by a majority of the members of the Board serving immediately prior to such appointment or election; or

 

d.                 
any Person, during the twelve (12) month period ending on the date of the most recent acquisition, acquires assets of Company
having a total gross fair market value equal to or more than forty percent (40%) of the total gross fair market value of Company’s
assets immediately before such acquisition or acquisitions;

 

but only if the applicable transaction otherwise constitutes
a “change in control event” for purposes of Section 409A of the Code and Treas. Reg. §1.409A-3(i)(5).

 

(f)“Code” shall mean the Internal
Revenue Code of 1986, as amended from time to time, and as interpreted by applicable regulations, rulings, notices and other similar
guidance. Any reference to a specific provision of the Code includes any successor provision and any guidance issued under such
provision.

 

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(g)“Committee” means the Compensation
Committee of the Board or any subcommittee thereof.

 

(h)“Common Stock” means the
$.0001 par value common stock of the Company.

 

(i)“Company” shall mean Smart
Balance, Inc., a Delaware corporation, together with any successor thereto.

 

(j)“Company Entity” means
a corporation or other entity in which the Company holds a controlling interest under Treas. Reg. § 1.414(c)-2(b)(2)(i), but
determined by applying the phrase “at least 50 percent” in the place of the phrase “at least 80 percent”
each place that it appears in such Treasury Regulation or Section 1563(a) of the Code and each other entity so designated by the
Committee as an Affiliate for “legitimate business reasons” (within the meaning of Treas. Reg. § 1.409A-1(b)(5)(iii)(E))
in which the Company holds a controlling interest under Treasury Regulation §1.414(c)-2(b)(2)(i), but determined by applying
the phrase “at least 20 percent” in the place of the phrase “at least 80 percent” in each place it appears
in such Treasury Regulation or Section 1563(a) of the Code.

 

(k)“Disability” means a determination
by the Company to terminate the service relationship between the Company and all Company Entities and a Participant based on the
inability of a Participant to perform a material portion of his or her duties and responsibilities on behalf of the Company or
a Company Entity due to a physical or mental condition that is expected to last indefinitely.

 

(l)“Effective Date” means
July 2, 2012.

 

(m)“Exchange Act” shall mean
the Securities Exchange Act of 1934, as amended from time to time, and as interpreted by applicable regulations, rulings, notices
and other similar guidance. Any reference to a specific provision of the Exchange Act includes any successor provision and any
guidance issued under such provision.

 

(n)“Fair Market Value” shall
mean with respect to a Share, for purposes of determining the minimum exercise price of an Option on the Grant Date or otherwise
(i) if the Shares are readily tradable on an established securities market, the closing price of a Share on such market on the
Grant Date or (ii) if the Shares are not readily tradable on an established securities market, the value determined by the Committee
as of the Grant Date through the reasonable application of a reasonable valuation method and otherwise in accordance with Treas.
Reg. § 1.409A-1(b)(5)(iv)(B).

 

(o)“Grant Date” means the
date on which all corporate action required to duly authorize and effect the grant of the Award is first completed or the first
date on which all conditions precedent to the effectiveness of the Award are fully satisfied, if later.

 

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(p)“Option” shall mean the
right to purchase Shares at a stated price in accordance with the terms of this Plan and the underlying Award Agreement.

 

(q)“Participant” shall mean
an individual who: (i) was not previously an employee or director of the Company or any Company Entity or who has incurred a bona
fide period of non-employment with the Company and all Company Entities; (ii) is offered an Award under this Plan as an inducement
to become an officer or employee of the Company or any Company Entity; and (iii) becomes an officer or employee of the Company
or any Company Entity and enters into an Award Agreement. Only Participants shall be entitled to receive Awards under this Plan.

 

(r)“Performance Goals” means
any goals the Committee establishes that relate to one or more of the following with respect to the Company or any one or more
Company Entities or other business units: revenue; cash flow; net cash provided by operating activities; net cash provided by operating
activities less net cash used in investing activities; cost of goods sold; ratio of debt to debt plus equity; profit before tax;
gross profit; net profit; gross sales; net sales; product units sold; earnings before interest and taxes; earnings before interest,
taxes, depreciation and amortization; Fair Market Value of Shares; basic earnings per share; diluted earnings per share; return
on shareholder equity; average accounts receivable (calculated by taking the average of accounts receivable at the end of each
month); average inventories (calculated by taking the average of inventories at the end of each month); return on average total
capital employed; return on net assets employed before interest and taxes; economic value added; and/or return on year-end equity.

 

(s)“Plan” shall mean the Smart
Balance, Inc. 2012 Inducement Award Plan, as set forth herein and as amended from time to time.

 

(t)“Separation From Service”
shall mean with respect to an employee the termination of the employee’s employment with the Company and all Company Entities,
provided that, notwithstanding such termination of the employment relationship between the employee and the Company and all Company
Entities, the employee shall not be deemed to have had a Separation from Service where it is reasonably anticipated that the level
of bona fide services that the employee will perform (whether as an employee or independent contractor) following such termination
for the Company and all Company Entities would be twenty percent (20%) or more of the average level of bona fide services performed
by the employee (whether as an employee or independent contractor) for the Company and all Company Entities over the immediately
preceding thirty-six (36) month period (or such lesser period of actual service). In such event, Separation from Service shall
mean the permanent reduction of the level of bona fide services to be performed by the employee (whether as an employee or independent
contractor) to a level that is less than twenty percent (20%) of the average level of bona fide services performed by the employee
(whether as an employee or independent contractor) during the thirty-six (36) month period (or such lesser period of actual service)
immediately prior to the termination of the employee’s employment relationship. A Separation from Service shall not be deemed
to have occurred if the employee is absent from active employment due to military leave, sick leave, or other bona fide leave of
absence if the period of such leave does not exceed the greater of (i) six months or (ii) the period during which the Employee’s
right to reemployment by the Company or any Company Entity is provided either by statute or contract.

 

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(u) “Share” means a share of Common
Stock.

 

(v) “Tax Obligation” means with
respect to any period an amount equal to the total obligation of the Company to withhold and deposit federal, state or local employment
and income taxes with respect to an Award.

 

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