Document:

EX-4.1

Table of Contents

 Exhibit 4.1 

EXECUTION VERSION 

INVESTMENT AGREEMENT 
 by and
among 
 XPO LOGISTICS, INC. 

and 
 THE PURCHASERS 

set forth on the signature page hereto 

Dated as of May 29, 2015 

Table of Contents

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE I

DEFINITIONS
	   
   

	 Section 1.01.
	  	Definitions	  	 	1	  
			
	 Section 1.02.
	  	General Interpretive Principles	  	 	6	  
	
	 ARTICLE II

SALE AND PURCHASE OF THE PURCHASED SECURITIES
	   
   

			
	 Section 2.01.
	  	Sale and Purchase of the Purchased Securities	  	 	7	  
			
	 Section 2.02.
	  	Closing	  	 	7	  
	
	ARTICLE III	  
	
	REPRESENTATIONS AND WARRANTIES	  
			
	 Section 3.01.
	  	Representations and Warranties of the Company	  	 	8	  
			
	 Section 3.02.
	  	Representations and Warranties of Each Purchaser	  	 	16	  
	
	ARTICLE IV	  
	
	ADDITIONAL AGREEMENTS	  
			
	 Section 4.01.
	  	Taking of Necessary Action	  	 	19	  
			
	 Section 4.02.
	  	Securities Laws; Legends	  	 	19	  
			
	 Section 4.03.
	  	Lost, Stolen, Destroyed or Mutilated Securities	  	 	20	  
			
	 Section 4.04.
	  	Regulatory Matters; Efforts	  	 	21	  
			
	 Section 4.05.
	  	Proxy Statement	  	 	22	  
			
	 Section 4.06.
	  	Listing	  	 	23	  
			
	 Section 4.07.
	  	Reservation of Shares	  	 	23	  
			
	 Section 4.08.
	  	Recapitalization, Exchange, Etc. Affecting the Company’s Capital Stock	  	 	24	  
			
	 Section 4.09.
	  	Certain Tax Matters	  	 	24	  
	
	 ARTICLE V

REGISTRATION RIGHTS
	   
   

			
	 Section 5.01.
	  	Demand Registration Rights	  	 	25	  
			
	 Section 5.02.
	  	Demand Registration Obligations and Procedures	  	 	26	  
			
	 Section 5.03.
	  	Piggyback Registration Rights	  	 	27	  
			
	 Section 5.04.
	  	Underwriters’ Cutback	  	 	28	  
			
	 Section 5.05.
	  	Participation in Underwritten and Shelf Offerings	  	 	29	  
			
	 Section 5.06.
	  	Shelf Registration	  	 	30	  
			
	 Section 5.07.
	  	Copies of Registration Statements	  	 	31	  

  
 i 

Table of Contents

							
	 Section 5.08.
		Rule 144 Reporting		 	31	  
			
	 Section 5.09.
		Expenses		 	31	  
			
	 Section 5.10.
		Certain Non-U.S. Securities Law Matters		 	31	  
	
	ARTICLE VI MISCELLANEOUS	  
			
	 Section 6.01.
		Survival of Representations and Warranties		 	32	  
			
	 Section 6.02.
		Notices		 	32	  
			
	 Section 6.03.
		Entire Agreement; Third-Party Beneficiaries; Amendment		 	32	  
			
	 Section 6.04.
		Counterparts		 	33	  
			
	 Section 6.05.
		Governing Law		 	33	  
			
	 Section 6.06.
		Public Announcements		 	33	  
			
	 Section 6.07.
		Expenses		 	33	  
			
	 Section 6.08.
		Indemnification		 	34	  
			
	 Section 6.09.
		Successors and Assigns		 	37	  
			
	 Section 6.10.
		Arbitration		 	37	  
			
	 Section 6.11.
		Severability		 	38	  
			
	 Section 6.12
		Specific Performance		 	39	  
			
	 Section 6.13.
		Headings		 	39	  
			
	 Section 6.14.
		Independent Nature of Purchasers		 	39	  

  
 ii 

Table of Contents

 INVESTMENT AGREEMENT 

This INVESTMENT AGREEMENT (this “Agreement”), dated as of May 29, 2015, is by and among XPO Logistics, Inc., a Delaware
corporation (the “Company”), and the Purchaser(s) set forth on the signature page hereto (each a “Purchaser” and collectively, “Purchasers”). Capitalized terms not otherwise defined where used shall
have the meanings ascribed thereto in Article I. 
 WHEREAS, the Purchasers have agreed to purchase from the Company, and the Company has
agreed to sell to the Purchasers, the Purchased Securities on the terms and subject to the conditions set forth in this Agreement, the proceeds of which the Company intends to use primarily for acquisitions and for general corporate purposes; 

WHEREAS, (a) each Purchaser has individually negotiated this Agreement with the Company, (b) each Purchaser’s rights and
obligations under this Agreement are several and not joint with the obligations of any other Purchaser, and (c) the rights and obligations of the Company with respect to each Purchaser are several and not joint with respect to any other
Purchaser; and 
 WHEREAS, the Company and each Purchaser desire to set forth certain agreements herein. 

NOW THEREFORE, in consideration of the premises and the representations, warranties and agreements herein contained and intending to be
legally bound hereby, the parties hereby agree as follows: 
 ARTICLE I 

DEFINITIONS  

Section 1.01. Definitions. As used in this Agreement, the following terms shall have the meanings set forth below: 

“Affiliate” shall mean, with respect to any Person, any other Person which directly or indirectly controls or is controlled by
or is under common control with such Person. As used in this definition, “control” (including its correlative meanings, “controlled by” and “under common control with”) shall mean possession, directly or indirectly, of
power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise); provided, however, the term Affiliate shall not include (a) direct
or indirect portfolio companies of a Purchaser or an Affiliate of a Purchaser or (b) any third-party investment manager with discretionary authority to trade on behalf of a Purchaser or an Affiliate of a Purchaser, so long as in each of clauses
(a) and (b), such Person excepted from the definition has not been provided by such Purchaser with confidential information regarding the Company obtained in its capacity as a Purchaser (it being understood and agreed that,
(i) confidential information regarding the Company will presumptively not be deemed to have been shared if such Person is restricted from accessing such information through compliance with standard practices and procedures restricting the flow
of information and (ii) the disclosure of such confidential information to a director, officer or employee of a Purchaser or 

Table of Contents

 
an Affiliate thereof does not, in and of itself, constitute disclosure to a Person described in clause (a) above of which such director, officer or employee is also a director, officer or
employee). Notwithstanding the foregoing, (x) if the Purchaser is Public Sector Pension Investment Board, the term “Affiliate” shall only mean such Purchaser controlled Affiliates to which it has disclosed confidential information
regarding the Company obtained in its capacity as a Purchaser and shall in no event include the Government of Canada or any Crown Corporation other than Public Sector Pension Investment Board and (y) if the Purchaser is MDC Capital 2010 Trust,
the term “Affiliate” shall mean only Mubadala Development Company PJSC and its Subsidiaries. 
 “Agreement” shall
have the meaning set forth in the preamble hereto. 
 “Board of Directors” shall mean the board of directors of the
Company. 
 “Business Day” shall mean any day, other than a Saturday, Sunday or a day on which banking institutions in the
City of New York, New York is authorized or obligated by law or executive order to remain closed. 
 “Certificate of
Designations” shall mean the Certificate of Designations for the Series C Preferred Stock in the form attached hereto as Exhibit A. 

“Closing” shall have the meaning set forth in Section 2.02(a). 

“Closing Date” shall have the meaning set forth in Section 2.02(a). 

“Company” shall have the meaning set forth in the preamble hereto. 

“Company Common Stock” shall mean the common stock, par value $0.001 per share, of the Company. 

“Company Disclosure Schedule” shall have the meaning set forth in Section 3.01. 

“Company Preferred Stock” shall mean the preferred stock, par value $0.001 per share, of the Company. 

“Company Registration” shall have the meaning set forth in Section 5.03. 

“Company Reports” shall have the meaning set forth in Section 3.01(g)(i). 

“Covered Person” shall have the meaning set forth in Section 6.10(b). 

“Demand Notice” shall have the meaning set forth in Section 5.01(a). 

“Disadvantageous Condition” shall have the meaning set forth in Section 5.01(a). 

“Enforceability Exceptions” shall have the meaning set forth in Section 3.01(d). 

“Environmental Laws” shall have the meaning set forth in Section 3.01(l). 

  
 2 

Table of Contents

 “Exchange Act” shall mean the U.S. Securities Exchange Act of 1934, as amended.

 “Existing Registration Rights Agreements” means (a) the Registration Rights Agreement, dated as of
September 2, 2011, by and among the Company, Jacobs Private Equity, LLC and each of the other holders and designated secured lenders party thereto and (b) Article V of the Investment Agreement, dated as of September 11, 2014, by and
among the Company and the Purchasers set forth on Schedule I thereto.
 “FCPA” shall have the meaning set forth in
Section 3.01(p). 
 “GAAP” shall mean U.S. generally accepted accounting principles. 

“Governmental Entity” shall mean any court, administrative agency or commission or other governmental authority or
instrumentality, whether federal, state, local or foreign, and any applicable industry self-regulatory organization. 
 “HSR
Act” shall mean Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder. 

“ICC” shall have the meaning set forth in Section 6.10. 

“Indemnified Parties” shall have the meaning set forth in Section 6.08(c). 

“Indemnifying Party” shall have the meaning set forth in Section 6.08(c). 

“Loss” shall have the meaning set forth in Section 6.08(a). 

“Material Adverse Effect” shall mean an event, change or development that has a material adverse effect on the business,
financial condition or results of operations of the Company and its Subsidiaries, taken as a whole, other than any event, change or development resulting from or arising out of the following: (a) events, changes or developments generally
affecting the economy, the financial or securities markets, or political, legislative or regulatory conditions, in each case in the United States or elsewhere in the world, (b) events, changes or developments in the industries in which the
Company or any of its Subsidiaries conducts its business, (c) any adoption, implementation, promulgation, repeal, modification, reinterpretation or proposal of any rule, regulation, ordinance, order, protocol or any other law of or by any
national, regional, state or local Governmental Entity, or market administrator, (d) any changes in GAAP or accounting standards or interpretations thereof, (e) earthquakes, any weather-related or other force majeure event or natural
disasters or outbreak or escalation of hostilities or acts of war or terrorism, (f) the announcement or the existence of, compliance with or performance under, this Agreement or the transactions contemplated hereby, (g) any taking of any
action at the request of a Purchaser, (h) any failure by the Company to meet any financial projections or forecasts or estimates of revenues, earnings or other financial metrics for any period (provided that the exception in this clause
(h) shall not prevent or otherwise affect a determination that any event, change, effect or development underlying such failure has resulted in a Material Adverse Effect so long as it is not otherwise excluded by this definition) or
(i) any changes in the share price or trading volume of the Company Common Stock or in the Company’s credit rating 

  
 3 

Table of Contents

 
(provided that the exception in this clause (i) shall not prevent or otherwise affect a determination that any event, change, effect or development underlying such change has resulted in a
Material Adverse Effect so long as it is not otherwise excluded by this definition); except, in each case with respect to clauses (a) through (e), to the extent that such event, change or development materially and disproportionately
affects the Company and its Subsidiaries, taken as a whole, relative to other similarly situated companies in the industries in which the Company and its Subsidiaries operate. 

“Material Contracts” shall have the meaning set forth in Section 3.01(n). 

“Meeting End Date” shall have the meaning set forth in Section 4.05. 

“NYSE” shall mean the New York Stock Exchange. 

“Person” or “person” shall mean an individual, corporation, association, partnership, trust, joint venture,
business trust or unincorporated organization, or a government or any agency or political subdivision thereof. 
 “Principal
Purchaser” shall mean any Purchaser that acquires Purchased Securities representing in excess of 5% of the outstanding Company Common Stock on an as-converted, fully diluted basis; provided, that a Purchaser shall cease to be a Principal
Purchaser upon ceasing to own Purchased Securities representing in excess of 5% of the outstanding Company Common Stock on an as-converted, fully diluted basis. 

“Purchased Common Shares” shall have the meaning set forth in Section 2.01(a); provided, that, following the conversion
of any Purchased Preferred Shares into shares of Company Common Stock, the shares of Company Common Stock resulting from such conversion shall be deemed Purchased Common Shares. 

“Purchased Preferred Shares” shall have the meaning set forth in Section 2.01(b). 

“Purchased Securities” shall have the meaning set forth in Section 2.01(b). 

“Purchasers” shall have the meaning set forth in the preamble hereto. 

“Purchaser Authorized Agent” shall have the meaning set forth in Section 6.10(b). 

“Registrable Shares” shall mean the Purchased Common Shares and shares of Company Common Stock issued upon conversion of the
Purchased Preferred Shares and any other securities issued or issuable with respect to any such Purchased Common Shares by way of share split, share dividend, recapitalization, exchange or similar event; provided that any Registrable Share will
cease to be a Registrable Share when (a) such Registrable Share has been disposed of pursuant to an effective Registration Statement, (b) it is eligible for sale under Rule 144 without the applicability of any volume or manner limitations
(provided, that with respect to any Principal Purchaser, Registrable Shares shall only cease to be Registrable Shares under this clause (b) when they have been sold under circumstances in which all applicable conditions of Rule 144 are met, or
(c) it shall have been otherwise transferred and a new certificate for it not bearing a legend restricting further transfer under the Securities Act shall have been delivered by 

  
 4 

Table of Contents

 
the Company; provided, further, that any security that has ceased to be a Registrable Share shall not thereafter become a Registrable Share and any security that is issued or distributed in
respect of securities that have ceased to be Registrable Shares is not a Registrable Share. 
 “Registration Demand” shall
have the meaning set forth in Section 5.01(a). 
 “Registration Expenses” shall mean all expenses incurred by the
Company in complying with Article V, including all registration and filing fees, printing expenses, road show expenses, fees and disbursements of counsel and independent public accountants for the Company, fees and expenses (including counsel fees)
incurred in connection with complying with state securities or “blue sky” laws, fees of the Financial Industry Regulatory Authority, Inc., transfer taxes, fees of transfer agents and registrars, and the reasonable fees and disbursements of
one counsel for the selling holders of Registrable Shares, which counsel shall be selected by the Requesting Holder and be reasonably acceptable to the Company, but excluding any underwriting discounts and selling commissions to the extent
applicable to the Registrable Shares of the selling holders. 
 “Registration Statement” shall mean any registration
statement of the Company filed or to be filed with the SEC under the rules and regulations promulgated under the Securities Act, including the related prospectus, amendments and supplements to such registration statement, and including pre- and
post-effective amendments, and all exhibits and all material incorporated by reference in such registration statement. 
 “Related
Purchase Agreement” shall have the meaning set forth in Section 3.01(x). 
 “Related Purchaser” shall have
the meaning set forth in Section 3.01(x). 
 “Requesting Holder” shall have the meaning set forth in
Section 5.01(a). 
 “Rule 144” shall mean Rule 144 promulgated by the SEC pursuant to the Securities Act, as such rule
may be amended from time to time, or any similar rule or regulation hereafter adopted by the SEC having substantially the same effect as such rule. 

“Scheduled Black-Out Period” means, with respect to any fiscal quarter, the period from and including the last day of such
fiscal quarter to and including the day that is one day after the day on which the Company publicly releases its earnings for such fiscal quarter. 

“SEC” shall mean the U.S. Securities and Exchange Commission. 

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

“Series A Preferred Stock” shall have the meaning set forth in Section 3.01(c). 

“Series A Preferred Stockholder Approval” shall have the meaning set forth in Section 2.02(b)(ii). 

  
 5 

Table of Contents

 “Series C Preferred Stock” shall mean the Series C Mandatorily Convertible
Perpetual Preferred Stock, par value $0.001 per share, of the Company. 
 “Shelf Registration Statement” shall have the
meaning set forth in Section 5.06(a). 
 “Shortfall Amount” shall have the meaning set forth in Section 4.04(c).

 “Shortfall Number” shall have the meaning set forth in Section 4.04(c). 

“Stockholder Proposal” shall have the meaning set forth in Section 4.05. 

“Stockholder Registration” shall have the meaning set forth in Section 5.03(a). 

“Subsidiary” shall mean, with respect to any Person, any other Person of which 50% or more of the shares of the voting
securities or other voting interests are owned or controlled, or the ability to select or elect 50% or more of the directors or similar managers is held, directly or indirectly, by such first Person or one or more of its Subsidiaries, or by such
first Person, or by such first Person and one or more of its Subsidiaries. 
 “Substituted Preferred Stock” shall have the
meaning set forth in Section 4.04(c). 
 “Tax” or “Taxes” shall mean all federal, state, local, and
foreign income, excise, gross receipts, gross income, ad valorem, profits, gains, property, capital, sales, transfer, use, payroll, employment, severance, withholding, duties, intangibles, franchise, backup withholding, value-added, and other taxes,
charges, levies or like assessments imposed by a Governmental Entity, together with all interest, penalties and additions to tax thereon. 

“Tax Return” shall mean a report, return or other information (including any amendments thereto) required to be supplied to a
Governmental Entity with respect to Taxes including, where permitted or required, combined or consolidated returns for any group of entities that includes the Company or any of its Subsidiaries. 

“Transactions” shall have the meaning set forth in Section 2.02(b). 

“Underwritten Offering” shall mean a sale of shares of Company Common Stock to an underwriter for reoffering to the public.

 Section 1.02. General Interpretive Principles. Whenever used in this Agreement, except as otherwise expressly provided or
unless the context otherwise requires, any noun or pronoun shall be deemed to include the plural as well as the singular and to cover all genders. The name assigned this Agreement and the section captions used herein are for convenience of reference
only and shall not be construed to affect the meaning, construction or effect hereof. Whenever the words “include,” “includes,” or “including” are used in this Agreement, they shall be deemed to be followed by the words
“without limitation.” The phrase “to the extent” shall mean the degree to which a subject or thing extends, and such phrase shall not mean simply “if”. Unless otherwise specified, the terms “hereto,”
“hereof,” “herein” and similar terms refer to this Agreement as a whole (including the exhibits, schedules and disclosure statements hereto), and references herein to Articles or Sections refer to Articles or Sections of this
Agreement. 

  
 6 

Table of Contents

 ARTICLE II 

SALE AND PURCHASE OF THE PURCHASED SECURITIES  

Section 2.01. Sale and Purchase of the Purchased Securities. Subject to the terms and conditions of this Agreement and subject to
adjustment pursuant to Section 4.04(c), at the Closing: 
 (a) The Company shall issue and sell to each Purchaser shares
of Company Common Stock (the “Purchased Common Shares”) in the amount set forth on the signature page hereto, and each Purchaser shall purchase and acquire from the Company such Purchased Common Shares at a per share price equal to
$45.00; and 
 (b) The Company shall issue and sell to each Purchaser shares of Series C Preferred Stock (the
“Purchased Preferred Shares” and, together with the Purchased Common Shares, the “Purchased Securities”) in the amount set forth on the signature page hereto, and each Purchaser shall purchase and acquire from the
Company such Purchased Preferred Shares at a per share price equal to $1,000.00. 
 Section 2.02. Closing. 

(a) The closing (the “Closing”) of the purchase and sale of the Purchased Securities hereunder shall take place at the offices
of Wachtell, Lipton, Rosen & Katz located at 51 West 52nd Street, New York, New York 10019 at 9:00 a.m. local time on the third Business Day after the date hereof, or on such other date and/or time as is mutually agreed to in writing by the
Company and the Purchasers. The date on which the Closing occurs is referred to in this Agreement as the “Closing Date.” 

(b) To effect the purchase and sale of Purchased Securities and the other transactions contemplated by this Agreement, upon the terms and
subject to the conditions set forth in this Agreement (the “Transactions”), at the Closing: 
 (i) The
Company shall deliver to the Purchasers a certificate of the Secretary of State of the State of Delaware certifying that the Certificate of Designations has been filed and is effective. 

(ii) The Company shall deliver to the Purchasers the written consent of the holders of at least a majority of the outstanding
shares of Series A Preferred Stock as necessary for the adoption and filing of the Certificate of Designations and the issuance and sale of the Purchased Preferred Shares hereunder (the “Series A Preferred Stockholder Approval”).

  
 7 

Table of Contents

 (iii) The Company shall issue and deliver to each Purchaser a certificate or
certificates or evidence of book-entry notation, registered in the name of such Purchaser, representing the Purchased Common Shares and Purchased Preferred Shares to be issued and delivered to such Purchaser as set forth on the signature page
hereto, against payment in full by such Purchaser of the purchase price for such Purchased Common Shares and Purchased Preferred Shares. 

(iv) The Company shall deliver to the Purchasers a certificate, duly executed by an executive officer of the Company, dated as
of the Closing Date, certifying (i) as to the Company being in good standing (including attaching a certificate of good standing dated not more than five Business Days prior to the Closing issued by the Secretary of State of the State of
Delaware, (ii) that the Certificate of Designations is in full force and effect in accordance with Delaware law as of the Closing, and (iii) that the representations and warranties of the Company contained in Article III are true and
correct as of the Closing Date. 
 (v) Each Purchaser shall deliver to the Company a certificate, duly executed by an
executive officer of such Purchaser (or an individual authorized to act on behalf of such Purchaser), dated as of the Closing Date, certifying (i) that the representations and warranties of such Purchaser contained in Article III are true and
correct as of the Closing Date and (ii) that such Purchaser has designated a Purchaser Authorized Agent pursuant to Section 6.10(b) and identifying such agent. 

(vi) Each Purchaser shall cause a wire transfer in same day funds to an account of the Company designated in writing by the
Company to the Purchasers in an amount equal to the purchase price for such Purchaser’s Purchased Securities as set forth on the signature page hereto. 

(vii) Each Purchaser shall deliver to the Company the acknowledgment set forth in Exhibit B. 

(viii) Each Purchaser shall deliver to the Company a duly completed and executed IRS Form W-9 (or, in the case of a Purchaser
that is a non-U.S. person, a duly completed and executed IRS Form W-8BEN-E, W-8ECI, W-8IMY or W-8EXP, as applicable). 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES  

Section 3.01. Representations and Warranties of the Company. Except as disclosed in the Company Reports filed with or furnished to
the SEC and publicly available prior to the date hereof (other than disclosure contained in the “Risk Factors” section and cautionary language contained in “Forward Looking Statements”) or in the disclosure schedule (the
“Company Disclosure Schedule”) delivered by the Company to each Purchaser prior to the execution of this Agreement, the Company represents and warrants to each Purchaser, as of the date hereof, as follows: 

  
 8 

Table of Contents

 (a) Existence and Power. The Company is duly organized, validly existing
and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to own, operate and lease its properties and to carry on its business as it is being conducted on the date of this Agreement, and,
except as would not reasonably be expected to have a Material Adverse Effect, has been duly qualified as a foreign corporation for the transaction of business and is in good standing under the laws of each other jurisdiction in which it owns or
leases properties, or conducts any business so as to require such qualification. Except as would not reasonably be expected to have a Material Adverse Effect, each Subsidiary of the Company that is a “significant subsidiary” (as defined in
Rule 1.02(w) of the SEC’s Regulation S-X) has been duly organized and is validly existing in good standing (to the extent that the concept of “good standing” is recognized by the applicable jurisdiction) under the laws of its
jurisdiction of organization. 
 (b) Subsidiaries. Each Subsidiary of the Company and its place and form of
organization is set forth in the Company Reports. All the outstanding shares of capital stock of, or other equity or voting interests in, each such Subsidiary are owned by the Company, by one or more wholly owned Subsidiaries of the Company or by
the Company and one or more wholly owned Subsidiaries of the Company, free and clear of all liens except for transfer restrictions imposed by applicable securities laws, and are duly authorized, validly issued, fully paid and nonassessable. Each of
the outstanding shares of capital stock or other equity securities of each of the Company’s Subsidiaries is duly authorized, validly issued, fully paid and nonassessable. Except for the capital stock of, or other equity or voting interests in,
those Subsidiaries set forth in the Company Reports, the Company does not own, directly or indirectly, any capital stock of, or other equity or voting interests in, any Person. 

(c) Capitalization. The authorized capital stock of Company consists of 150,000,000 shares of Company Common Stock and
10,000,000 shares of Company Preferred Stock. As of May 27, 2015, (i) 73,085 shares of Series A Convertible Perpetual Preferred Stock (“Series A Preferred Stock”) are issued and outstanding, and 10,440,714 shares of the
Company Common Stock are issuable upon the conversion of shares of Series A Preferred Stock, (ii) 79,755,547 shares of Company Common Stock are issued and outstanding, (iii) 10,486,667 shares of Company Common Stock are issuable upon the
exercise of outstanding warrants to purchase Company Common Stock, (iv) 4,384,005 shares of Company Common Stock are issuable upon the conversion of the Company’s outstanding 4.5% Convertible Senior Notes, and (v) 3,794,420 shares of
Company Common Stock are issuable upon the settlement or exercise of restricted stock units and stock options granted pursuant to the Company’s incentive compensation plans. Each of the outstanding shares of capital stock or other equity
securities of each of the Company’s Subsidiaries is duly authorized, validly issued, fully paid and nonassessable. Except as set forth above, Company has not issued any securities, the holders of which have the right to vote with the
shareholders of Company on any matter. Except as set forth above, there are no (i) authorized or outstanding securities, rights (preemptive or other), subscriptions, calls, commitments, warrants, options, stock appreciation rights, phantom
stock or other agreements that give any Person the right to purchase, subscribe for, or otherwise receive or be issued capital stock of the Company, (ii) outstanding debt 

  
 9 

Table of Contents

 
or equity securities of the Company that upon the conversion, exchange or exercise thereof would require the issuance, sale or transfer by the Company of any new or additional capital stock of
the Company (or any other securities of the Company which, whether after notice, lapse of time, or payment of monies, are or would be convertible into or exchangeable or exercisable for capital stock of the Company), (iii) agreements or
commitments obligating the Company to repurchase, redeem, or otherwise acquire capital stock or other securities of the Company or its Subsidiaries, or (iv) stockholder rights agreements, “poison pill” or similar anti-takeover
agreements or plans. 
 (d) Authorization. The Company has the requisite corporate power to execute and deliver this
Agreement, to consummate the Transactions and to comply with the provisions of this Agreement, subject to the obtaining of the Series A Stockholder Approval. The execution, delivery and performance of this Agreement have been duly authorized by all
necessary corporate action on the part of the Company, and this Agreement has been duly executed and delivered by the Company and is a valid and binding obligation of the Company, enforceable against it in accordance with its terms, subject to the
limitation of such enforcement by (i) the effect of bankruptcy, insolvency, reorganization, receivership, conservatorship, arrangement, moratorium or other laws affecting or relating to creditors’ rights generally or (ii) the rules
governing the availability of specific performance, injunctive relief or other equitable remedies and general principles of equity, regardless of whether considered in a proceeding in equity or at law (the “Enforceability
Exceptions”). The Board of Directors of the Company unanimously adopted resolutions (A) approving this Agreement and the Transactions, (B) declaring that this Agreement and the Transactions are advisable and in the best interests
of the Company and the Company’s stockholders, (C) directing that the Stockholder Proposal be submitted to a vote at a meeting of the Company’s stockholders to be held as set forth in Section 4.05, and (D) recommending that
the Company’s stockholders approve the Stockholder Proposal, which resolutions have not been rescinded, modified or withdrawn in any way. 

(e) Valid Issuance of Shares. The Purchased Securities have been duly authorized by all necessary corporate action of
the Company. When issued and sold against receipt of the consideration therefor, the Purchased Securities will be validly issued, fully paid and nonassessable, free and clear of all liens, except for restrictions on transfer imposed by applicable
securities laws and except for liens created by the Purchasers. The Purchased Preferred Shares, when issued, will have the designations, preferences and relative, participating, optional and other rights and qualifications, limitations and
restrictions set forth in the Certificate of Designations. The shares of Company Common Stock issued upon conversion of the Purchased Preferred Shares pursuant to the Certificate of Designations will be validly issued, fully paid and nonassessable,
free and clear of all liens, except for restrictions on transfer imposed by applicable securities laws and except for liens created by the Purchasers. The Company has reserved a sufficient number of shares of Company Common Stock for issuance upon
conversion of the Purchased Preferred Shares. 

  
 10 

Table of Contents

 (f) Non-Contravention/No Consents. The execution, delivery and performance
of this Agreement, and the consummation by the Company of the Transactions, does not conflict with, violate or result in a breach of any provision of, or constitute a default under, or result in the termination of or accelerate the performance
required by, or result in a right of termination or acceleration under, (i) the Amended and Restated Certificate of Incorporation or Bylaws of the Company, (ii) any mortgage, note, indenture, deed of trust, lease, loan agreement or other
contract or agreement binding upon the Company or any of its Subsidiaries, or (iii) any permit, license, judgment, order, decree, ruling, injunction, statute, law, ordinance, rule or regulation applicable to the Company or any of its
Subsidiaries, other than in the cases of clauses (ii) and (iii) as would not reasonably be expected to have a Material Adverse Effect. Assuming the accuracy of the representations of the Purchasers set forth herein, other than (A) the
filing of a proxy statement and obtaining the approval of the Stockholder Proposal, (B) the filing of the Certificate of Designations with the Secretary of State of the State of Delaware, (C) any required filings under the HSR Act,
(D) the filing of a Supplemental Listing Application with the NYSE, or (E) as have been obtained prior to the date of this Agreement, no material consent, approval, order or authorization of, or material registration, declaration or filing
with, any Governmental Entity is required on the part of the Company or any of its Subsidiaries in connection with the execution, delivery and performance by the Company of this Agreement and the consummation by the Company of the Transactions. 

(g) Reports; Financial Statements. 

(i) The Company has filed or furnished, as applicable, (A) its annual report on Form 10-K for the fiscal years ended
December 31, 2014 and 2013, (B) its quarterly reports on Form 10-Q for its fiscal quarters ended after December 31, 2014, (C) its proxy or information statements relating to meetings of, or actions taken without a meeting by, the
shareholders of the Company held since December 31, 2014, and (D) all other forms, reports, schedules, and other statements required to be filed or furnished by it with the SEC under the Exchange Act or the Securities Act since
December 31, 2013 (collectively, the “Company Reports”). No Subsidiary of the Company is required to file or furnish any report, schedule, form, statement or other document with, or make any other filing with, or furnish any
other material to, the SEC. As of its respective date, and, if amended, as of the date of the last such amendment, each Company Report complied in all material respects with the applicable requirements of the Securities Act, the Exchange Act and the
Sarbanes-Oxley Act of 2002, and any rules and regulations promulgated thereunder applicable to such Company Report. As of its respective date, and, if amended, as of the date of the last such amendment, no Company Report contained any untrue
statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances in which they were made, not misleading. 

(ii) Each of the consolidated balance sheets, and the related consolidated statements of income, changes in stockholders’
equity and cash flows, included in or incorporated by reference into the Company Reports filed with the SEC under the Exchange Act (A) have been prepared from, and are in 

  
 11 

Table of Contents

 
accordance with, the books and records of the Company and its Subsidiaries, (B) fairly present in all material respects the consolidated financial position of the Company and its
consolidated Subsidiaries as of the dates shown and the results of the consolidated operations, changes in stockholders’ equity and cash flows of the Company and its consolidated Subsidiaries for the respective fiscal periods or as of the
respective dates therein set forth, subject, in the case of any unaudited financial statements, to normal recurring year-end audit adjustments, and (C) have been prepared in accordance with GAAP consistently applied during the periods involved,
except as otherwise set forth in the notes thereto. 
 (iii) The Company has established and maintains a system of internal
accounting controls over financial reporting (as defined in Rule 13a-15 under the Exchange Act) that is sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific
authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets is permitted only in accordance with
management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. 

(h) Absence of Certain Changes. Since March 31, 2015, (i) the Company and its Subsidiaries have conducted
their respective businesses in all material respects in the ordinary course of business, and (ii) no event has occurred that has had or would reasonably be expected to have a Material Adverse Effect. 

(i) No Undisclosed Liabilities, etc. There are no material liabilities of the Company or any of its Subsidiaries that
would be required by GAAP to be reflected on the face of the balance sheet or in the notes thereto, except (i) liabilities reflected or reserved against in the financial statements (including the notes thereto) contained in the Company Reports,
(ii) liabilities incurred since March 31, 2015 in the ordinary course of business, and (iii) liabilities that would not reasonably be expected to have a Material Adverse Effect. 

(j) Compliance with Applicable Law; Permits. Since January 1, 2014, each of the Company and its Subsidiaries has
complied in all respects and is not in default or violation in any respect of, any law, statute, order, rule, regulation, policy or guideline of any federal, state or local governmental authority applicable to the Company or such Subsidiary, other
than such non-compliance, defaults or violations that have not had and would not reasonably be expected to have a Material Adverse Effect. Except for matters that, individually or in the aggregate, would not reasonably be expected to have a Material
Adverse Effect, the Company and its Subsidiaries have in effect all certificates, permits, licenses, franchises, approvals, concessions, qualifications, registrations, certifications and similar authorizations from any Governmental Entity that are
necessary for them to own, lease or operate their properties and assets and to carry on their businesses as currently conducted. 

  
 12 

Table of Contents

 (k) Legal Proceedings. Neither the Company nor any of its Subsidiaries is
a party to any, and there are no pending, or to the knowledge of the Company, threatened, legal, administrative, arbitral or other proceedings, orders, claims, suits, litigations, actions, arbitrations, mediations or governmental investigations of
any nature against the Company or any of its Subsidiaries (i) that have had or would reasonably be expected to have a Material Adverse Effect or (ii) that challenges the validity of the Transactions. Neither the Company nor any of its
Subsidiaries is subject to any order, writ, judgment or decree of a Governmental Entity that has had or would reasonably be expected to have a Material Adverse Effect. Except as has not had and would not reasonably be expected to have a Material
Adverse Effect, there is no investigation or review pending (or, to the knowledge of the Company, threatened) by any Governmental Entity with respect to the Company or any of its Subsidiaries. 

(l) Environmental Compliance. Except as has not had and would not reasonably be expected to have a Material Adverse
Effect, the Company and its Subsidiaries are in compliance with any and all applicable foreign, federal, state and local laws and regulations relating to the protection of human health and safety, the environment or hazardous or toxic substances or
wastes, pollutants or contaminants (“Environmental Laws”). Except as has not had and would not reasonably be expected to have a Material Adverse Effect, there are no costs or liabilities associated with Environmental Laws (including
any capital or operating expenditures required for cleanup, closure of properties or compliance with Environmental Laws or any permit, license or approval, any related constraints on operating activities and any potential liabilities to third
parties). 
 (m) Taxes and Tax Returns. 

(i) Except as has not had and would not reasonably be expected to have a Material Adverse Effect, the Company and each of its
Subsidiaries has timely filed (including all applicable extensions) all Tax Returns required to be filed, and all such Tax Returns were correct and complete in all respects, and the Company and each of its Subsidiaries has paid (or has had paid on
its behalf) to the appropriate Governmental Entity all Taxes that are required to be paid (or that have been asserted in writing by a Governmental Entity), except, in each case, with respect to matters contested in good faith or for which adequate
reserves have been established in accordance with GAAP. 
 (ii) Except as has not had and would not reasonably be expected to
have a Material Adverse Effect, there are no disputes pending, or claims asserted in writing, for Taxes or assessments upon the Company or any of its Subsidiaries for which the Company does not have reserves that are adequate under GAAP. 

(iii) Except as has not had and would not reasonably be expected to have a Material Adverse Effect, there is no lien, charge or
encumbrance for Taxes upon any of the assets or properties of the Company or any of its Subsidiaries, except for liens, charges, or encumbrances for Taxes not yet due and payable. 

  
 13 

Table of Contents

 (iv) As of the date of Closing, the Company is not a “United States real
property holding corporation” within the meaning of Section 897(c) of the Internal Revenue Code. 
 (n) Material
Contracts. For purposes of this Agreement, “Material Contracts” means each outstanding contract or agreement to which the Company or any of its Subsidiaries is a party, which is or would be required to be filed by the Company as
a “material contract” pursuant to Item 601(b)(4) or Item 601(b)(10) of Regulation S-K under the Securities Act. Except as has not had and would not reasonably be expected to have a Material Adverse Effect, (i) each Material
Contract is in full force and effect (except for those contracts or agreements that have expired in accordance with their terms), is a legal, valid and binding agreement of the Company or such Subsidiary, as the case may be, and, to the knowledge of
the Company, of each other party thereto, enforceable against the Company or such Subsidiary, as the case may be, and, to the knowledge of the Company, against the other party or parties thereto, in each case, in accordance with its terms, subject
to the Enforceability Exceptions, (ii) each of the Company and its Subsidiaries has performed or is performing all obligations required to be performed by it under the Material Contracts and is not (with or without notice or lapse of time or
both) in breach or default thereunder, and has not knowingly waived or failed to enforce any rights or benefits thereunder (other than in the ordinary course of business consistent with past practice), and, (iii) to the knowledge of the
Company, no other party to any of the Material Contracts is (with or without notice or lapse of time or both) in breach in any material respect or default thereunder. 

(o) Properties. Except as has not had and would not reasonably be expected to have a Material Adverse Effect,
(i) each of the Company and its Subsidiaries has good and marketable title to, or in the case of leased tangible property and leased tangible assets, has valid and enforceable leasehold interests in, all of its material properties and tangible
assets, free and clear of all liens and (ii) the material properties and tangible assets owned or leased by the Company and its Subsidiaries, or which they otherwise have the right to use, are sufficient (subject to normal wear and tear) to
operate their businesses in substantially the same manner as they are currently conducted. 
 (p) Unlawful Payments.
Except as has not had and would not reasonably be expected to have a Material Adverse Effect, (i) neither the Company nor any of its Subsidiaries, nor any of the directors, officers, agents acting at its direction, employees, representatives,
franchisees or distributors of the Company or any of its Subsidiaries, has taken any action, directly or indirectly, that: (A) violated the Foreign Corrupt Practices Act of 1977, as amended (the “FCPA”) or (B) would have
violated the FCPA (in any case where the Company, any of its Subsidiaries, or any other person referenced above may not have been subject to the FCPA) and (ii) there have been no false or fictitious entries made in the books or records of the
Company or any of its Subsidiaries relating to any payment that the FCPA prohibits, and neither the Company nor any of its Subsidiaries has established or maintained a secret or unrecorded fund for use in making any such payments. 

  
 14 

Table of Contents

 (q) Office of Foreign Asset Control. Except as has not had and would not
reasonably be expected to have a Material Adverse Effect, there is not, and has not been, any pending or, to the Company’s knowledge, threatened, legal, administrative, arbitral or other material proceeding, investigation (formal or informal),
litigation, claim, suit or action by any Governmental Entity against the Company or any of its Subsidiaries, nor is there any judgment, order or decree imposed (or, to the knowledge of the Company, threatened to be imposed) upon the Company or any
of its Subsidiaries by or before any Governmental Entity, in each case, in connection with an alleged violation of laws relating to the import or export (including deemed export) of data, goods or services to any foreign jurisdiction against which
the United States or the United Nations maintains sanctions or export controls, including applicable regulations of the United States Department of Commerce, the United States Department of State and the Office of Foreign Asset Control of the United
States Department of Treasury. 
 (r) Voting Requirements. (i) The affirmative vote at a stockholders’
meeting or any adjournment or postponement thereof of the holders of a majority of the shares of Company Common Stock present or represented and entitled to vote at a meeting of stockholders of the Company to voting with respect to the Stockholder
Proposal and (ii) the Series A Preferred Stockholder Approval, which has been obtained prior to the Closing Date, are the only votes of the holders of any class or series of the Company’s capital stock necessary to approve this Agreement
and the consummation of the Transactions. 
 (s) Brokers and Finders. Except for Morgan Stanley & Co. LLC,
neither the Company nor any of its Subsidiaries has used any broker, finder, placement agent or financial advisor or incurred any liability for any brokers’, finders’ or similar fees or commissions in connection with any of the
Transactions. 
 (t) Securities Law Compliance. Neither the Company nor any of its Affiliates, nor any person acting
at its or their instruction, has conducted any general solicitation or general advertising (as those terms are used in Regulation D under the Securities Act) in connection with the offer or sale of any of the Purchased Securities. Neither the
Company nor any of its Affiliates, nor any person acting at its or their instruction, has, directly or indirectly, made any offers or sales of any Company security or solicited any offers to buy any security, under circumstances that would require
registration under the Securities Act of the offer or sale of the Purchased Securities as contemplated hereby. Assuming the accuracy of the representations and warranties made by the Purchasers in Section 3.02, the offer, sale and issuance by
the Company of the Purchased Securities, and the issuance of the shares of Company Common Stock upon conversion of the Purchased Preferred Shares, are exempt from the registration requirements under the Securities Act, and the rules and regulations
promulgated thereunder. 
 (u) Reporting Company; Form S-3. The Company is, and will be immediately after the
consummation of the Transactions, eligible to register the Purchased Common Shares and the shares of Company Common Stock issuable upon conversion of the Purchased Preferred Shares for resale by the Purchasers on a registration statement on Form S-3
under the Securities Act. 

  
 15 

Table of Contents

 (v) Listing and Maintenance Requirements. The Company Common Stock is
registered pursuant to Section 12(b) of the Exchange Act, and the Company has taken no action designed to terminate, or reasonably likely to have the effect of terminating, the registration of the Company Common Stock under the Exchange Act nor
has the Company received any notification in writing that the SEC is contemplating terminating such registration. The Company has not, in the two years preceding the date hereof, received notice from the NYSE in writing to the effect that the
Company is not in compliance with the listing or maintenance requirements of such exchange. 
 (w) Canadian Securities Law
Matters. To the knowledge of the Company, immediately after the Closing, (i) less than 5% of the holders (beneficial or otherwise) of Company Common Stock are residents of Canada and (ii) less than 5% of the outstanding shares of
Company Common Stock are beneficially owned by residents of Canada, excluding, in each case of clauses (i) and (ii), the Purchasers. 

(x) Related Purchase Agreements. The Company intends to enter into additional purchase agreements, dated as of the date
of this Agreement (each such agreement, a “Related Purchase Agreement”) with third Persons (each such Person, a “Related Purchaser”), for transactions in the nature of the Transactions. Each Related Purchase
Agreement is substantively identical to this Agreement (other than with respect to (i) the identity and related information regarding the Related Purchaser and (ii) the number of shares of Company Common Stock and Series C Preferred Stock
that are to be sold to such Related Purchaser), and there are no other contracts, agreements or other arrangements between the Company and any Related Purchaser with respect thereto or the transactions contemplated thereby. 

Section 3.02. Representations and Warranties of Each Purchaser. Each Purchaser severally represents and warrants to, the Company,
as of the date hereof, solely as to such Purchaser, as follows: 
 (a) Organization; Ownership. The signature page
hereto sets forth the true and complete name, entity type and jurisdiction of organization of each Purchaser. Each Purchaser is duly organized, validly existing and in good standing under the laws of such jurisdiction of organization. 

(b) Authorization; No Conflicts. 

(i) Each Purchaser has full corporate or other organizational power and authority to execute and deliver this Agreement and to
consummate the Transactions. The execution, delivery and performance by each Purchaser of this Agreement and the consummation of the Transactions have been duly authorized by all necessary corporate action on behalf of such Purchaser. No other
corporate or other organizational proceedings on the part of Purchaser are necessary to authorize the execution, delivery and performance by Purchaser of this 

  
 16 

Table of Contents

 
Agreement and consummation of the Transactions. This Agreement has been duly and validly executed and delivered by each Purchaser. This Agreement is a valid and binding obligation of each
Purchaser, enforceable against such Purchaser in accordance with its terms, subject to the Enforceability Exceptions. 
 (ii)
The execution, delivery and performance of this Agreement by each Purchaser, the consummation by such Purchaser of the Transactions and the compliance by such Purchaser with any of the provisions hereof and thereof will not conflict with, violate or
result in a breach of any provision of, or constitute a default under, or result in the termination of or accelerate the performance required by, or result in a right of termination or acceleration under, (A) any provision of such
Purchaser’s organizational documents, (B) any mortgage, note, indenture, deed of trust, lease, loan agreement or other agreement binding upon such Purchaser, or (C) any permit, license, judgment, order, decree, ruling, injunction,
statute, law, ordinance, rule or regulation applicable to such Purchaser or any of its Affiliates, other than in the cases of clauses (B) and (C) as would not reasonably be expected to materially and adversely affect or delay the
consummation of the Transactions. 
 (c) Consents and Approvals. No material consent, approval, order or authorization
of, or registration, declaration or filing with, or exemption or review by, any Governmental Entity is required on the part of each Purchaser in connection with the execution, delivery and performance by such Purchaser of this Agreement and the
consummation by such Purchaser of the Transactions, except for any consent, approval, order, authorization, registration, declaration, filing, exemption or review the failure of which to be obtained or made, individually or in the aggregate, would
not reasonably be expected to adversely affect or delay the consummation of the Transactions by such Purchaser. 
 (d)
Securities Act Representations. 
 (i) Each Purchaser is an accredited investor (as defined in Rule 501 of the
Securities Act) and is aware that the sale of the Purchased Securities is being made in reliance on a private placement exemption from registration under the Securities Act. Each Purchaser is acquiring the Purchased Securities for its own account or
for the account of an Affiliate that is also an accredited investor, and not with a view toward, or for sale in connection with, any distribution thereof in violation of any federal or state securities or “blue sky” law, or with any
present intention of distributing or selling such Purchased Securities in violation of the Securities Act. Each Purchaser has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits and
risks of its investment in such Purchased Securities and is capable of bearing the economic risks of such investment. Each Purchaser has been provided a reasonable opportunity to undertake and has undertaken such investigation and has been provided
with and has evaluated such documents and information as it has deemed necessary to enable it to make an informed and intelligent decision with respect to the execution, delivery and performance of this Agreement. 

  
 17 

Table of Contents

 (ii) Each Purchaser is acquiring the Purchased Securities for passive investment
purposes only, and is not acquiring the Purchased Securities with the purpose or with the effect of determining, directing, influencing, changing or controlling the management, board of directors, governing instruments or policies or affairs of the
Company or its Subsidiaries or in connection with or as a participant in any transaction having that purpose or effect. 

(iii) Each Purchaser is not acting in concert, and does not have any agreement or understanding, with any Person that is
not an Affiliate, and is not otherwise a member of a “group” (as such term is used in Section 13(d)(3) of the Exchange Act), with respect to the Company or its securities, other than as may be deemed to arise after the Closing as a
result of any transaction by Purchaser not prohibited by this Agreement. 
 (iv) Each Purchaser acknowledges that the Company
makes no representation or warranty with respect to any matters relating to the Company, its business, financial condition, results of operations, prospects or otherwise, except to the extent expressly provided in Section 3.01 hereof or in any
certificate delivered by the Company pursuant to this Agreement. 
 (e) Brokers and Finders. No Purchaser or any of
such Purchaser’s officers, directors, employees or agents has utilized any broker, finder, placement agent or financial advisor or incurred any liability for any brokers’, finders’ or similar fees or commissions in connection with any
of the Transactions. 
 (f) No Additional Representations. 

(i) Each Purchaser acknowledges that the Company does not make any representation or warranty as to any matter whatsoever
except as expressly set forth in Section 3.01 or in any certificate delivered by the Company pursuant to this Agreement, and specifically (but without limiting the generality of the foregoing), that the Company makes no representation or
warranty with respect to (A) any projections, estimates or budgets delivered or made available to such Purchaser (or any of its Affiliates, officers, directors, or employees) of future revenues, results of operations (or any component thereof),
cash flows or financial condition (or any component thereof) of the Company and its Subsidiaries or (B) the future business and operations of the Company and its Subsidiaries, and such Purchaser has not relied on such information or any other
representations or warranties not set forth in Section 3.01 and in any certificate delivered by the Company pursuant to this Agreement. 

(ii) Each Purchaser has conducted its own independent review and analysis of the business, operations, assets, liabilities,
results of operations, financial condition and prospects of the Company and its Subsidiaries and acknowledges such Purchaser has been provided sufficient access for such purposes. Except for the representations and warranties expressly set forth in
Section 3.01 by the Company in accordance with the terms hereof, in entering 

  
 18 

Table of Contents

 
into this Agreement, each Purchaser has relied solely upon its independent investigation and analysis of the Company and its Subsidiaries, and each Purchaser acknowledges and agrees that it has
not been induced by and has not relied upon any representations, warranties or statements, whether express or implied, made by the Company, its Subsidiaries, Morgan Stanley & Co. LLC or any of their respective Affiliates, stockholders,
controlling persons or representatives that, with respect to the Company, are not expressly set forth in Section 3.01 and in any certificate delivered by the Company pursuant to this Agreement, whether or not such representations, warranties or
statements were made in writing or orally. Each Purchaser acknowledges and agrees that, except for the representations and warranties expressly set forth in Section 3.01 and in any certificate delivered by the Company pursuant to this
Agreement, (A) each of the Company and Morgan Stanley & Co. LLC does not make, or has not made, any representations or warranties relating to the Company or the Company’s business or otherwise in connection with the transactions
contemplated hereby and such Purchaser is not relying on any representation or warranty except for those expressly set forth in this Agreement, (B) no person has been authorized by the Company to make any representation or warranty relating to
itself or its business or otherwise in connection with the transactions contemplated hereby, and if made, such representation or warranty must not be relied upon by such Purchaser as having been authorized by the Company, and (C) any estimates,
projections, predictions, data, financial information, memoranda, presentations or any other materials or information provided or addressed to such Purchaser or any of its Affiliates or representatives are not and shall not be deemed to be or
include representations or warranties of the Company or Morgan Stanley & Co. LLC unless any such materials or information is the subject of any express representation or warranty set forth in Section 3.01 of this Agreement or in any
certificate delivered by the Company pursuant to this Agreement. 
 ARTICLE IV 

ADDITIONAL AGREEMENTS 

Section 4.01. Taking of Necessary Action. Each of the parties hereto agrees to use its reasonable best efforts promptly to take or
cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective the Transactions. In case at any time before or after the Closing
any further action is necessary or desirable to carry out the purposes of this Agreement, the proper officers and directors of each party to this Agreement shall take all such necessary action as may be reasonably requested by, and at the sole
expense of, the requesting party. 
 Section 4.02. Securities Laws; Legends. 

(a) Each Purchaser acknowledges and agrees that as of the date hereof the Purchased Securities have not been registered under the Securities
Act or the securities laws of any state and that they may be sold or otherwise disposed of only in one or more transactions 

  
 19 

Table of Contents

 
registered under the Securities Act and, where applicable, such laws, or as to which an exemption from the registration requirements of the Securities Act and, where applicable, such laws, is
available. Each Purchaser acknowledges that, except as provided in Article V, such Purchaser has no right to require the Company to register the Purchased Securities. Each Purchaser further acknowledges and agrees that any certificate or evidence of
book-entry notation for the Purchased Securities shall bear a legend substantially as set forth in paragraph (b) of this Section 4.02 (and any shares evidenced in book entry form shall contain appropriate comparable notation and reflect
related stop transfer instructions). 
 (b) Any certificates for the Purchased Securities shall bear a legend in substantially the following
form: 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO A REGISTRATION STATEMENT IN EFFECT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT OR SUCH
LAWS. 
 (c) When issued pursuant hereto, the certificates evidencing the Purchased Securities shall also bear any legend required by any
applicable state blue sky law. 
 (d) Any holder of Purchased Securities may request the Company to remove any or all of the legends
described in this Section 4.02 from the certificates evidencing such Purchased Securities by submitting to the Company such certificates, and, in the case of the legend relating to restrictions on transfer under the Securities Act or applicable
state laws, together with an opinion of counsel, to the effect that such legend or legends are no longer required under the Securities Act or applicable state laws, as the case may be. Following the first anniversary of the Closing Date, the Company
shall, if requested by a Purchaser, promptly remove the restrictive legend relating to restrictions on transfer in this Agreement from any certificates representing such Purchaser’s Purchased Securities. 

Section 4.03. Lost, Stolen, Destroyed or Mutilated Securities. Upon receipt of evidence satisfactory to the Company of the loss,
theft, destruction or mutilation of any certificate for any security of the Company and, in the case of loss, theft or destruction, upon delivery of an undertaking by the holder thereof to indemnify the Company (and, if requested by the Company, the
delivery of an indemnity bond sufficient in the reasonable judgment of the Company to protect the Company from any loss it may suffer if a certificate is replaced), or, in the case of mutilation, upon surrender and cancellation thereof, the Company
will issue a new certificate or, at the Company’s option, a share ownership statement representing Purchased Securities for an equivalent number of shares or another security of like tenor, as the case may be. 

  
 20 

Table of Contents

 Section 4.04. Regulatory Matters; Efforts. 

(a) Each Purchaser and the Company shall use reasonable best efforts to promptly prepare and file all necessary documentation, to effect all
applications, notices, petitions and filings, and to obtain as promptly as practicable all permits, consents, approvals and authorizations of all third parties and Governmental Entities which are necessary or advisable to consummate the
Transactions. With respect to such applications, notices, petitions and filings: 
 (i) The Company and each Purchaser shall
have the right to consult the other, in each case subject to applicable laws relating to the exchange of information, with respect to any filing made with, or written materials submitted to, any third party or any Governmental Entity in connection
with the Transactions. In exercising the foregoing right, each of the parties hereto shall act reasonably and as promptly as practicable. The parties hereto agree that they will consult with each other with respect to the obtaining of all permits,
consents, approvals and authorizations of all third parties and Governmental Entities necessary or advisable to consummate the Transactions and each party will keep the other apprised of the status of matters relating to completion of the
Transactions. 
 (ii) Each Purchaser and the Company shall, upon request, furnish each other, on a confidential basis, with
all information concerning themselves, their Subsidiaries, directors, officers and stockholders and such other matters as may be reasonably necessary or advisable in connection with any statement, filing, notice or application made by or on behalf
of such Purchaser, the Company or any of their respective Subsidiaries to any Governmental Entity in connection with the Transactions; provided, that, in lieu of providing such confidential information to another party, a party which is obligated to
furnish information pursuant to this Section 4.04(a)(ii) to another party may instead elect to directly provide such information, on a confidential basis, to a Governmental Entity in any statement, filing, notice or application required to be
made by or on behalf of such party to such Governmental Entity in connection with the Transactions so long as the failure to provide and share such information with another party does not adversely affect the ability of such other party from making
any statement, filing, notice or application required to be made by or on behalf of such other party to such Governmental Entity. 

(iii) Each Purchaser and the Company shall promptly furnish the other with copies of written communications received by them or
their Subsidiaries from, or delivered by any of the foregoing to, any Governmental Entity in respect of the Transactions (other than in respect of information filed or otherwise submitted confidentially to any such Governmental Entity). 

(b) Each Purchaser and the Company shall, and shall cause their Subsidiaries to, use all reasonable best efforts to (i) take, or cause to
be taken, all actions necessary, proper or advisable to comply promptly with all legal requirements that may be imposed on them or their Subsidiaries with respect to the Transactions and to consummate the Transactions and (ii) to obtain (and to
cooperate with the other party to obtain) any consent, authorization, order or approval of, or any exemption by, any Governmental Entity and any other third party which is required to be obtained by the Company or such Purchaser or any of their
respective Subsidiaries in connection with the Transactions, and to comply with the terms and conditions of such consent, authorization, order or approval. 

  
 21 

Table of Contents

 (c) In the event that the purchase and sale to any Purchaser of the entire amount of the
Purchased Common Shares designated to be purchased by such Purchaser pursuant to Section 2.01(a) would require a filing under the HSR Act, then, in lieu of purchasing and selling such entire amount at the Closing, the Company shall issue and
sell to Purchaser, and Purchaser shall purchase and acquire from the Company, the maximum number of shares of Company Common Stock that it may purchase without making a filing under the HSR Act and, in lieu of purchasing the remaining Purchased
Common Shares that it otherwise would be required to purchase pursuant to Section 2.01(a) (such number of unpurchased shares of Company Common Stock, the “Shortfall Number” and, the aggregate purchase price for the Shortfall
Number of Purchased Common Shares, the “Shortfall Amount”), such Purchaser shall purchase an additional number of shares of Series C Preferred Stock equal to the Shortfall Amount divided by $1,000.00 (such additional shares of
Series C Preferred Stock, the “Substituted Preferred Stock”). Shares of the Substituted Preferred Stock shall be deemed to be the Purchased Preferred Shares for all purposes of this Agreement. Upon written notice to the Company
by a holder of Substituted Preferred Stock that the applicable waiting periods under the HSR Act have expired or been terminated, the Company shall reasonably promptly take all action required under the Certificate of Designations to convert the
Substituted Preferred Stock into a number of shares of Company Common Stock equal to the Shortfall Number (as such number may be adjusted under the terms of the Certificate of Designations) and, following such conversion, such shares of Company
Common Stock shall be deemed to be the Purchased Common Shares for all purposes under this Agreement. 
 Section 4.05. Proxy
Statement. If the Closing occurs, the Company shall call and hold a special meeting of its stockholders no later than four months following the Closing Date (the “Meeting End Date”) to vote on proposals (collectively, the
“Stockholder Proposal”) to approve the issuance of shares of Company Common Stock in connection with the conversion of the Purchased Preferred Shares into Company Common Stock, for purposes of Section 312.03 of the NYSE Listed
Company Manual. The Board of Directors shall recommend to the Company’s stockholders that such stockholders approve the Stockholder Proposal, and shall not modify or withdraw such resolution. In connection with such meeting, the Company shall
promptly prepare (and the Purchasers will reasonably cooperate with the Company to prepare) and file with the SEC a preliminary proxy statement, shall use its reasonable best efforts to solicit proxies for such stockholder approval and shall use its
reasonable best efforts to respond to any comments of the SEC or its staff and to cause a definitive proxy statement related to such stockholders’ meeting to be mailed to the Company’s stockholders as promptly as practicable after
clearance by the SEC. If at any time prior to such stockholders’ meeting there shall occur any event that is required to be set forth in an amendment or supplement to the proxy statement, the Company shall as promptly as practicable prepare and
mail to its stockholders such an amendment or supplement. The Company agrees that each proxy statement referred to in this Section 4.05 shall comply as to form in all material respects with the requirements of the Exchange Act and the rules and
regulations promulgated thereunder and that none of the information included or incorporated by reference in any such proxy statement will, at the date it is filed with the SEC or mailed to the stockholders of the Company or at the time of the

  
 22 

Table of Contents

 
stockholders’ meeting, or at the time of any amendment or supplement thereof, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein
or necessary in order to make the statements therein, in light of the circumstances under which they are made, not misleading, except for statements made in such proxy statement based exclusively on information supplied in writing by or on behalf of
the Purchasers specifically and explicitly for inclusion or incorporation by reference therein. Each of the Purchasers and the Company agrees promptly to correct any information provided by it or on its behalf for use in the proxy statement if and
to the extent that such information shall have become false or misleading in any material respect, and the Company shall as promptly as practicable prepare and mail to its stockholders an amendment or supplement to correct such information to the
extent required by applicable laws and regulations. The Company shall consult with the Purchasers prior to mailing any proxy statement, or any amendment or supplement thereto, and provide the Purchasers with a reasonable opportunity to comment
thereon. The Company shall promptly notify the Purchasers upon the receipt of any comments from the SEC or its staff or any request from the SEC or its staff for amendments or supplements to any proxy statement and shall provide the Purchasers with
copies of all correspondence between it and its representatives, on the one hand, and the SEC, on the other hand. The directors’ recommendation described in this Section 4.05 shall be included in the proxy statement filed in connection
with obtaining such stockholder approval. In the event that the approval of the Stockholder Proposal is not obtained at such special stockholders’ meeting, the Company shall include a proposal to approve (and, the Board of Directors shall
recommend approval of) such Stockholder Proposal at a meeting of its stockholders (which may be an annual meeting) no less than once in each six-month period beginning on the Meeting End Date until such approval is obtained or made, and the other
applicable provisions of this Section 4.05 shall apply with respect to seeking approval of the Stockholder Proposal. Notwithstanding anything to the contrary in this Agreement, other than in the case of a willful and intentional material breach
of this Section 4.05 by the Company, the parties hereby agree that the sole and exclusive remedy available to any Purchaser for the failure of the Company to obtain the approval of the Stockholder Proposal prior to the Meeting End Date (or with
respect to any related action or failure to act) shall be the obligation set forth in the Series C Preferred Stock to make dividend payments commencing on the Meeting End Date. 

Section 4.06. Listing. The Company shall, following the Closing Date, take all action reasonably necessary to effect the listing
of the shares of the Purchased Common Shares and shares of Company Common Stock issuable upon conversion of the Purchased Preferred Shares on the NYSE, upon official notice of issuance. Following the initial listing of such shares, the Company shall
use its reasonable best efforts to maintain the listing of such shares for so long as Company Common Stock continues to be listed on the NYSE. 

Section 4.07. Reservation of Shares. From and after the Closing, the Company shall at all times reserve and keep available out of
its authorized but unissued shares of Company Common Stock, solely for the purpose of providing for the conversion of the Purchased Preferred Shares, such number of shares of Company Common Stock as shall from time to time equal the number of shares
sufficient to permit the conversion of the shares of Purchased Preferred Shares issued pursuant to this Agreement in accordance with their respective terms. The Company covenants that all shares of Company Common Stock issuable upon conversion of
the Purchased Preferred Shares shall, upon such issue, be duly and validly issued and fully paid and non-assessable. If at any time the number of authorized but unissued shares of Company 

  
 23 

Table of Contents

 
Common Stock shall not be sufficient to effect the conversion of the Purchased Preferred Shares or otherwise to comply with the terms of this Agreement, the Company shall take all corporate
action as may be necessary to increase its authorized but unissued shares of Company Common Stock to such number of shares as shall be sufficient for such purposes. The Company will use its reasonable best efforts to obtain any authorization,
consent, approval or other action by, and shall make any filing with any court or administrative body that may be required under, applicable state securities laws in connection with the issuance of shares of Company Common Stock upon conversion of
the Purchased Preferred Shares. 
 Section 4.08. Recapitalization, Exchange, Etc. Affecting the Company’s Capital Stock.
For so long as any Purchaser continues to hold any Purchased Securities, the Company shall not, and shall not permit any of its Subsidiaries to, (a) issue, sell, redeem, or repurchase any shares of capital stock of the Company or of its
Subsidiaries, (b) effect any recapitalization, reclassification, stock dividend, stock split or like change in its capitalization or (c) undertake any other transaction that is not covered in the foregoing clauses (a) or (b), in each
case, that reasonably would cause or result in a Purchaser, directly or indirectly, holding a number of shares of any class of capital stock of the Company that is entitled to vote generally in the election of directors representing an amount in
excess of thirty percent (30%) of all shares of capital stock that are entitled to vote generally in the election of directors without promptly notifying all Purchasers at least thirty (30) days in advance of such transaction, to the
extent practicable. 
 Section 4.09. Certain Tax Matters. 

(a) At the Closing (and at any other time or times prescribed by applicable law or as reasonably requested by the Company), each Purchaser
shall deliver to the Company a properly completed and duly executed IRS Form W-8EXP (or successor form thereto) and/or IRS Form W-8BEN-E (or successor form thereto), as applicable, together with any other information necessary in order to establish
an exemption from U.S. federal income tax withholding. Provided a Purchaser satisfies the requirements described in the previous sentence, and except to the extent otherwise required by applicable law, all payments of dividends made by the Company
to such Purchaser in respect of the Purchased Securities shall be made without deduction or withholding for or on account of U.S. federal income Taxes. Each Purchaser shall (i) promptly notify the Company at any time such previously delivered
IRS forms or information are no longer correct or valid and (ii) if any such previously delivered form expires or becomes obsolete or inaccurate in any respect, update any such form. 

(b) The Company agrees to provide each Purchaser with such cooperation as such Purchaser may reasonably request in determining and documenting
any eligibility for an exemption from taxation under Section 897 of the Internal Revenue Code; provided that the Company shall not be required to incur any material unreimbursed costs. 

  
 24 

Table of Contents

 ARTICLE V 

REGISTRATION RIGHTS 

Section 5.01. Demand Registration Rights. 

(a) Subject to the provisions of Section 5.02, at any time and from time to time after the date of this Agreement, each Principal
Purchaser may make one written demand (each Purchaser in such capacity, a “Requesting Holder”) to the Company requiring the Company to register, under and in accordance with the provisions of the Securities Act, all or part of the
Requesting Holder’s Registrable Shares in an Underwritten Offering. All Registration Demands made pursuant to this Section 5.01 will specify the aggregate amount of shares of Company Common Stock to be registered, the intended methods of
disposition thereof and the registration procedures to be undertaken by the Company in connection therewith (a “Demand Notice”). Subject to Section 5.02, promptly upon receipt of any such Demand Notice, the Company will file
the applicable Registration Statement (or amend an existing registration statement to allow the resale by holders of Registrable Shares) as soon as reasonably practicable and in any event within 60 days thereafter. The Company will use its
reasonable best efforts to, in accordance with the terms set forth in the Demand Notice, effect as reasonably promptly as practicable thereafter and in any event within 150 days of the filing of such Registration Statement the registration under the
Securities Act (including appropriate qualification under applicable blue sky or other state securities laws and appropriate compliance with the applicable regulations promulgated under the Securities Act) of the shares of Company Common Stock that
the Company has been so required to register, except that if the Company is a “well known seasoned issuer” as defined in Rule 405 under the Securities Act as of the date of filing the applicable Registration Statement, the Company shall
file or amend an “automatic shelf registration statement” as defined in Rule 405 under the Securities Act; provided, that any amendment of such automatic shelf registration statement to register all Purchased Securities for resale shall
not constitute the use of a Registration Demand. Notwithstanding the foregoing, if the Board of Directors determines in its good faith judgment that the filing of a Registration Statement would (i) require the disclosure of material non-public
information concerning the Company that at the time is not, in the good faith judgment of the Board of Directors, in the best interests of the Company to disclose and is not otherwise required to be disclosed or (ii) otherwise materially
interfere with financing plans, acquisition activities or business activities of the Company ((i) and (ii) collectively, a “Disadvantageous Condition”), then the Company shall have the right to defer such filing for the period
until the Disadvantageous Condition is eliminated; provided, however, that (A) the Company may not defer such filing for a period of more than 60 days per notice and (B) the total number of days that any
such deferrals may be in effect in any 12-month period shall not exceed 120 days in the aggregate. The Company shall give written notice of its determination to the Principal Purchasers to defer the filing and of the fact that the purpose for such
deferral no longer exists, in each case, as promptly as reasonably practicable after the occurrence thereof. 
 (b) A Registration Statement
shall not count as requested pursuant to a Registration Demand unless and until it has become effective and the Requesting Holder is able to register at least 50% of the Registrable Shares requested by such holders. In addition, a Registration
Demand shall not count against the number of available Registration Demands if (i) after the applicable Registration Statement has become effective, such Registration Statement 

  
 25 

Table of Contents

 
or the related offer, sale or distribution of Registrable Shares thereunder becomes the subject of any stop order, injunction or other order or restriction imposed by the SEC or any other
governmental agency or court for a reason solely attributable to the Company and such interference is not thereafter eliminated so as to permit the completion of the contemplated distribution of Registrable Shares, or (ii) if the conditions
specified in the related underwriting agreement, if any, are not satisfied or waived for a reason solely attributable to the Company, and as a result of any such circumstances described in clause (i) or (ii), less than 50% of the Registrable
Shares covered by the applicable Registration Statement are sold by the Requesting Holder pursuant thereto. 
 Section 5.02. Demand
Registration Obligations and Procedures. 
 (a) If the Company receives a Registration Demand and the Company furnishes to the Requesting
Holder making such demand a copy of a resolution of the Board of Directors certified by the secretary of the Company stating that in the good faith judgment of the Board of Directors it would be materially adverse to the Company for a Registration
Statement to be filed (or amended, as applicable) on or before the date such filing would otherwise be required hereunder, the Company shall have the right to defer such filing for a period of not more than 90 days after receipt of the demand for
such registration. The Company shall not be permitted to provide such notice more than twice in any 360-day period. If the Company receives a Registration Demand and the Company is then in the process of preparing to engage in a public offering, the
Company shall inform the Requesting Holder of the Company’s intent to engage in a public offering and may require the Requesting Holder to withdraw such Registration Demand for a period of up to 90 days so that the Company may complete its
public offering. In the event that the Company ceases to pursue such public offering, it shall promptly inform the Requesting Holder that submitted the Registration Demand, and such Requesting Holder shall be permitted to submit a new Registration
Demand. 
 (b) Registrations under Section 5.01 shall be on such appropriate registration form of the SEC (i) as shall be selected
by the Company and (ii) as shall permit the disposition of such shares in accordance with the intended method or methods of disposition specified in the Demand Notice. If, in connection with any registration under Section 5.01 that is
proposed by the Company to be on Form S-3 or any successor form, the managing underwriter, if any, shall advise the Company in writing that in its opinion the use of another permitted form is of material importance to the success of the offering,
then such registration shall be on such other permitted form. 
 (c) The Company shall use its reasonable best efforts to keep any
Registration Statement filed in response to a Registration Demand effective for as long as is necessary for the participating holders to dispose of all of the covered securities. 

(d) The Company shall select the underwriters for each Underwritten Offering; provided that the managing underwriter shall be reasonably
acceptable to the Requesting Holder; provided, further, that any nationally recognized “bulge bracket” investment banking firm shall be deemed to be acceptable to the Requesting Holder. The Company and the Requesting Holder shall jointly
determine the pricing of the Registrable Shares offered pursuant to any such Registration Statement in connection with a Registration Demand, the material terms 

  
 26 

Table of Contents

 
of the applicable underwriting agreement and determine the timing of any such registration and sale, subject to this Section 5.02. The Requesting Holder shall determine the applicable
underwriting discount and other financial terms, and the holders of the Registrable Shares sold in the Underwritten Offering shall be solely responsible for all such discounts and fees payable to such underwriters in such Underwritten Offering. 

Section 5.03. Piggyback Registration Rights. 

(a) Subject to Sections 5.03(b) and 5.04, until the one-year anniversary of this Agreement, if the Company at any time proposes to register any
Company Common Stock or effect a take-down from a shelf Registration Statement for its own account (a “Company Registration”) or for the account of any Purchaser possessing demand rights (including in connection with a Registration
Demand) (a “Stockholder Registration”) under the Securities Act by registration on Form S-1 or Form S-3 or any successor or similar form(s) (except registrations on any such form or similar form(s) for registration of securities in
connection with an employee benefit plan, a dividend reinvestment plan or a merger or consolidation, or incidental to an issuance of securities under Rule 144A under the Securities Act), it will at such time give written notice as promptly as
reasonably practicable to the holders of Registrable Shares of its intention to do so, including the anticipated filing date of the Registration Statement or prospectus supplement, as the case may be, and, if known, the number of shares of Company
Common Stock that are proposed to be included in such Registration Statement or prospectus supplement, as the case may be, and of the rights under this Section 5.03. Upon the written request of a holder of Registrable Shares (which request
shall specify the maximum number of Registrable Shares intended to be disposed of by such holder and such other information as is reasonably required to effect the registration of such shares of Company Common Stock), made as promptly as practicable
and in any event within 15 Business Days after the receipt of any such notice (five Business Days if the Company states in such written notice or gives telephonic notice to such Purchaser, with written confirmation to follow promptly thereafter,
stating that (i) such registration will be on Form S-3 and (ii) such shorter period of time is required because of a planned filing date), the Company, subject to Section 5.04, shall use its commercially reasonable efforts to effect
the registration under the Securities Act of all Registrable Shares which the Company has been so requested to register by the holders of Registrable Shares; provided, however, that if, at any time after giving written notice of its intention to
register any securities and prior to the effective date of the Registration Statement filed in connection with such registration or, if applicable, filing of a prospectus supplement with respect to such offering, the Company shall determine for any
reason not to register or to delay registration of such securities, the Company shall give written notice of such determination to the holders of Registrable Shares requesting registration under this Section 5.03 (which such holders will
maintain in strict confidence) and (A) in the case of a determination not to register, shall be relieved of its obligation to register any Registrable Shares in connection with such registration (but not from any obligation of the Company to
pay the Registration Expenses in connection therewith), and (B) in the case of a determination to delay registering, shall be permitted to delay registering any Registrable Shares, for the same period as the delay in registering such other
securities. 
 (b) The piggyback registration rights in Section 5.03(a) shall not be available in respect of any Company Registration in
which a stated use of proceeds in such offering is the financing by the Company of the acquisition of a business or assets announced prior to the date 

  
 27 

Table of Contents

 
of the Company Registration; provided, however that if any Company officer or member of the Board of Directors or stockholder holding 1% or more of the outstanding shares of Company Common Stock
is participating in such offering, the Company shall to the extent reasonably practicable allow holders of Registrable Shares to participate on substantially similar terms. 

(c) Each holder of Registrable Shares shall have the right to withdraw its request for inclusion of such Registrable Shares in any Registration
Statement pursuant to this Section 5.03 at any time prior to the launch of the roadshow with respect to such offering (or if there is no roadshow, the filing of the final preliminary prospectus with respect to such offering) by giving written
notice to the Company of its request to withdraw. 
 Section 5.04. Underwriters’ Cutback. 

(a) In the case of a Company Registration, if the managing underwriter of any Underwritten Offering shall inform the Company by letter of its
belief that the number of Registrable Shares requested to be included in such registration pursuant to Section 5.03, when added to the number of other securities to be offered in such registration by the Company, would adversely affect such
offering, then the Company shall include in such registration, to the extent of the total number of securities which the Company is so advised can be sold in (or during the time of) such offering without so adversely affecting such offering (the
“Section 5.04(a) Sale Number”), securities in the following priority: 
 (i) First, all Company Common Stock
or securities convertible into, or exchangeable or exercisable for, Company Common Stock that the Company proposes to register for its own account; 

(ii) Second, to the extent that the number of securities to be included in the registration pursuant to Section 5.04(a)(i)
is less than the Section 5.04(a) Sale Number, any shares of Company Common Stock required to be included pursuant to an Existing Registration Rights Agreement; and 

(iii) Third, to the extent that the number of securities to be included in the registration pursuant to Sections 5.04(a)(i) and
(ii) is less than the Section 5.04(a) Sale Number, the Registrable Shares requested to be included by holders exercising piggyback rights pursuant to Section 5.03; the securities requested to be included pursuant to this
Section 5.04(a)(iii) shall be included on a pro rata basis based on the number of Registrable Shares subject to registration rights owned by each holder requesting inclusion in relation to the number of Registrable Shares then owned by all
holders requesting inclusion. 
 (b) In the case of a Stockholder Registration, if the managing underwriter of any Underwritten Offering
shall inform the Company by letter of its belief that the number of shares of Company Common Stock and Registrable Shares requested to be included in such registration would materially adversely affect such offering, then the Company shall include
in such registration, to the extent of the total number of securities which the Company is so advised can be sold in (or during the time of) such offering without so materially adversely affecting such offering (the “Section 5.04(b) Sale
Number”), securities in the following priority: 

  
 28 

Table of Contents

 (i) First, the Registrable Shares requested to be included by the Persons
exercising demand rights in connection with such Stockholder Registration; 
 (ii) Second, to the extent that the number of
securities to be included in the registration pursuant to Section 5.04(b)(i) is less than the Section 5.04(b) Sale Number, any shares of Company Common Stock required to be included pursuant to an Existing Registration Rights Agreement;
and 
 (iii) Third, to the extent that the number of securities to be included in the registration pursuant to Sections
5.04(b)(i) and (ii) is less than the Section 5.04(b) Sale Number, the Registrable Shares requested to be included by holders exercising piggyback rights pursuant to Section 5.03; the securities requested to be included pursuant to
this Section 5.04(b)(iii) shall be included on a pro rata basis based on the number of Registrable Shares subject to registration rights owned by each holder requesting inclusion in relation to the number of Registrable Shares then owned by all
holders requesting inclusion. 
 Section 5.05. Participation in Underwritten and Shelf Offerings. 

(a) Any participation by a holder of Registrable Shares in a registration by the Company shall be in accordance with the plan of distribution
of the Company. Except as provided in Section 5.02(d), in all Underwritten Offerings, the Company shall have sole discretion to select the underwriters. 

(b) In connection with any proposed registered offering of securities of the Company in which any holder of Registrable Shares has the right to
include Registrable Shares pursuant to Section 5.03 or 5.06, such holder agrees (i) to supply any information reasonably requested by the Company in connection with the preparation of a Registration Statement and/or any other documents
relating to such registered offering, (ii) to execute and deliver, or cause the execution or delivery of, and to perform under, or cause the performance under, any agreements and instruments being executed by all holders on substantially the
same terms reasonably requested by the Company to effectuate such registered offering, including underwriting agreements, custody agreements, lock-ups, “hold back” agreements pursuant to which such holder agrees not to sell or purchase any
securities of the Company for the same period of time following the registered offering as is agreed to by the other participating holders (subject to carve-outs for actions taken by any Person excepted from the definition of Affiliate pursuant to
clause (a) or (b) of such definition and for index-based swaps), powers of attorney (subject to applicable law), opinions of counsel and questionnaires, in each case, in customary form, scope and substance. If the Company requests that the
participating holders of Registrable Shares take any of the actions referred to in this Section 5.05(b), such holders shall take such action promptly but in any event within three Business Days following the date of such request. The Company
shall enter into such customary agreements (including an underwriting agreement in customary form) and take all such other actions as are reasonably required in order to effect a registered offering and facilitate the disposition of Registrable
Shares pursuant to this Article V, including (A) to furnish customary opinions of counsel representing the Company addressed to the underwriters, if any, in customary form, scope and substance, (B) to provide a comfort letter

  
 29 

Table of Contents

 
from the independent auditors of the Company addressed to the underwriters, if any, in customary form, scope and substance, and (C) if necessary and requested by the Requesting Holder, the
reasonable participation of Company management in roadshows in a manner and for a duration customary for offerings of such size. 

Section 5.06. Shelf Registration. 

(a) Subject to the limitations set forth in this Section 5.06, the Company agrees to file with the SEC as soon as reasonably practicable
following the date of this Agreement (but in any event within 30 days) a shelf Registration Statement on Form S-1 or S-3 if available for use by the Company, or such other form under the Securities Act then available to the Company providing
for the resale of any Registrable Shares pursuant to Rule 415 from time to time by the Purchasers (a “Shelf Registration Statement”). The Company shall use its reasonable best efforts to cause such Shelf Registration Statement
to be declared effective by the Commission as soon as practicable after the initial filing thereof (but in any event within 90 days), except that if the Company is a “well known seasoned issuer” as defined in Rule 405 under the Securities
Act as of the date of filing the applicable Registration Statement, the Company shall file or amend an “automatic shelf registration statement” as defined in Rule 405 under the Securities Act. Any Shelf Registration Statement shall provide
for the resale from time to time, and pursuant to any method or combination of methods legally available (excluding Underwritten Offerings), by the holders of any and all Registrable Shares. The Company shall use its reasonable best efforts to keep
any Shelf Registration Statement effective until the earlier of (i) one year from the date of effectiveness or (ii) such time as there are no Registrable Shares remaining. 

(b) During (i) any Scheduled Black-Out Period, (ii) upon receipt of written notice from the Company that the Board has determined, in
good faith, that permitting continuing offers and sales of Registrable Shares registered under a Shelf Registration Statement would result in a Disadvantageous Condition (provided that (x) the Company may not suspend use of the applicable
Registration Statement pursuant to this clause (ii) for a period of more than 60 days per notice and (y) the total number of days that any such suspensions pursuant to this clause (ii) may be in effect in any 12-month period shall not
exceed 120 days in the aggregate), (iii) the period following receipt of written notice from the Company that a Registration Statement, prospectus or prospectus supplement contains or may contain an untrue statement of a material fact or omits
to state a material fact required to be stated therein or necessary to make the statements therein not misleading (excluding for purposes of this clause (iii) any event or circumstances to which clause (ii) could be applicable) or
(iv) the suspension of effectiveness of the Shelf Registration Statement by the SEC, each holder of Registrable Shares shall discontinue its disposition thereof pursuant to the applicable Shelf Registration Statement until the termination of
such Scheduled Black-Out Period or until such holder has received copies of a supplemented or amended prospectus or prospectus supplement, or until such holder is advised in writing by the Company that the use of the prospectus and, if applicable,
prospectus supplement may be resumed. If so directed by the Company, in the case of a suspension pursuant to clause (iii), each holder of Registrable Shares shall deliver to the Company all copies, other than permanent file copies then in their
possession, of the prospectus and, if applicable, prospectus supplement covering such Registrable Shares current at the time of receipt of such suspension notice. The Company shall use reasonable best efforts to cure any untrue statement of a
material fact or material omission in order to permit the resumption of dispositions at the earliest practicable date following a suspension in accordance with clause (iii). 

  
 30 

Table of Contents

 Section 5.07. Copies of Registration Statements. The Company will, if requested,
prior to filing any Registration Statement pursuant to this Article V or any amendment or supplement thereto, furnish to the holders of Registrable Shares participating in the offering related to such Registration Statement, and thereafter furnish
to such holders, such number of copies of such Registration Statement, amendment and supplement thereto (in each case including all exhibits thereto and documents incorporated by reference therein) and the prospectus included in such Registration
Statement (including each preliminary prospectus) as such holders may reasonably request in order to facilitate the sale of the Registrable Shares by such holders. 

Section 5.08. Rule 144 Reporting. With a view to making available the benefits of certain rules and regulations of the SEC which
may at any time permit the sale of the Registrable Shares to the public without registration, while a public market exists for the Company Common Stock, the Company will use its commercially reasonable efforts to: 

(a) make and keep public information available, as those terms are understood and defined in Rule 144, at all times while Registrable Shares
are outstanding; and 
 (b) file with the SEC in a timely manner all reports and other documents required of the Company under the Securities
Act and the Exchange Act (at any time it is subject to such reporting requirements). 
 Section 5.09. Expenses. The Company shall
pay all Registration Expenses in connection with a Company Registration or any Stockholder Registration, provided that each holder of Registrable Shares participating in an offering shall pay all applicable underwriting fees, discounts and similar
charges. 
 Section 5.10. Certain Non-U.S. Securities Law Matters. To the extent requested by a Purchaser that is a Canadian
Person, the Company will cooperate and use commercially reasonable efforts to provide to such Purchaser a certificate of an officer of the Company providing details as to the beneficial ownership, to the knowledge of the Company, of the
Company’s securities by residents of Canada based on inquiries consistent with Rule 14a-13 of the Exchange Act, with reference to the ownership measures set out in the Company’s representation set forth in Section 3.01(w). 

  
 31 

Table of Contents

 ARTICLE VI 

MISCELLANEOUS  

Section 6.01. Survival of Representations and Warranties. Other than those covenants and agreements which by their terms apply in
whole or in part after the Closing (which shall survive the Closing and continue in full force until performed), all covenants and agreements contained herein shall terminate as of the Closing. Except for the warranties and representations contained
in clauses (a), (c), (d) and (e) of Section 3.01 and (a), (b) and (c) contained in Section 3.02, which shall survive the Closing indefinitely, the warranties and representations made herein shall survive until one month
after the Company’s quarterly report on Form 10-Q for the quarter ended June 30, 2015 has been filed, and shall then expire. 

Section 6.02. Notices. All notices and other communications hereunder shall be in writing and shall be deemed to have been duly
given, if delivered personally, by facsimile or sent by overnight courier as follows: 
 (a) If to a Purchaser at the address set forth on
the signature page hereto. 
 (b) If to the Company, to: 

XPO Logistics, Inc. 

Five Greenwich Office Park 

Greenwich, CT 06831 

Attention: Gordon E. Devens 

Fax: +1 (203) 629-7073 

with a copy (which shall not constitute notice) to: 

Wachtell, Lipton, Rosen & Katz 

51 West 52nd Street 

New York, NY 10019 

Attention: Adam O. Emmerich 

                    David
K. Lam 
 Fax: +1 (212) 403-2000 

or to such other address or addresses as shall be designated in writing. All notices shall be effective when received. 

Section 6.03. Entire Agreement; Third-Party Beneficiaries; Amendment. This Agreement, together with the confidentiality agreement
between the Company and each Purchaser, sets forth the entire agreement between the parties hereto with respect to the Transactions and there are no other contracts, agreements or other arrangements between the Company and any Purchaser with respect
thereto, and, other than as set forth in Section 4.02(d) and Section 6.08, are not intended to and shall not confer upon any person other than the parties hereto any rights or remedies hereunder. Notwithstanding the above, Morgan
Stanley & Co. LLC will be a third-party beneficiary with respect to the representations and warranties contained in Section 3.02. Any provision of this Agreement may be amended or modified in whole or in part at any time by an
agreement in writing executed in the same manner as this 

  
 32 

Table of Contents

 
Agreement between the Company and, with respect to any rights or obligations of any Purchaser, such Purchaser and solely by such Purchaser. The Company and any Purchaser may make amendments or
modifications to the respective rights and obligations of such Purchaser and of the Company as though this Agreement were a separate agreement of the Company and such Purchaser without effect on the rights and obligations of each other Purchaser
with respect to the Company, on one hand, and of the Company to each other Purchaser, on the other hand. No amendment or modification of this Agreement by the Company and any Purchaser shall require notice to be given to any other Purchaser. No
failure on the part of any party to exercise, and no delay in exercising, any right shall operate as a waiver thereof nor shall any single or partial exercise by any party of any right preclude any other or future exercise thereof or the exercise of
any other right. 
 Section 6.04. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall
be deemed to constitute an original, but all of which together shall constitute one and the same document. Signatures to this Agreement transmitted by facsimile transmission, by electronic mail in “portable document format”
(“.pdf”) form, or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document will have the same effect as physical delivery of the paper document bearing the original signature. 

Section 6.05. Governing Law. This Agreement shall be governed by, and interpreted in accordance with, the laws of the State of New
York. 
 Section 6.06. Public Announcements. No press release, public announcement or other announcement related to this
Agreement or the transactions contemplated herein shall be issued or made by any Purchaser or their respective Affiliates without the prior written approval of the Company (which consent shall not be unreasonably withheld), unless required by law
(in the reasonable opinion of counsel) in which case the Company shall have the right to review such press release, announcement or communication prior to issuance, distribution or publication. The Company may issue one or more press releases
and may provide information about the subject matter of this Agreement in connection with fund raising, debt issuances, or marketing, informational or reporting activities; provided, that each Purchaser shall have the right to consent to the use of
its name and description of its participation in the Transactions (which consent shall not be unreasonably withheld); provided, further, that it is agreed that such consent shall not be required with respect to any information included in the press
release announcing the Transactions, which was approved by such Purchaser. 
 Section 6.07. Expenses. Except as otherwise
expressly provided herein, each party hereto shall bear its own costs and expenses (including attorneys’ fees) incurred in connection with this Agreement and the Transactions. Notwithstanding the foregoing, following the Closing, upon the
receipt from a Purchaser of appropriate invoices, the Company shall within 10 Business Days reimburse such Purchaser for up to $150,000 of out-of-pocket costs and expenses actually incurred by such Purchaser for engaging legal counsel and other
professional advisors and agents in connection with this Agreement and the Transactions, by wire transfer of same-day funds to an account or accounts designated by such Purchaser. 

  
 33 

Table of Contents

 Section 6.08. Indemnification. 

(a) From and after the Closing, the Company agrees to indemnify and hold harmless each Purchaser, each person who controls such Purchaser
within the meaning of the Exchange Act, and each of the respective officers, directors, employees, agents and Affiliates of the foregoing in their respective capacities as such, to the fullest extent lawful, from and against any and all actions,
suits, claims, proceedings, costs, losses, damages, liabilities, Taxes judgments, amounts paid in settlement (subject to Section 6.08(c)) and reasonable out-of-pocket expenses (including attorneys’ fees and disbursements) (collectively,
“Loss”) arising out of or resulting from (i) any misrepresentation or breach of any representation or warranty made by the Company in this Agreement or in any certificate delivered by the Company pursuant to this Agreement or
any breach or non-fulfillment of any covenant or agreement made or to be performed by the Company in this Agreement, (ii) any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement or prospectus
relating to the Registrable Shares (as amended or supplemented if the Company shall have furnished any amendments or supplements thereto) or any preliminary or summary prospectus or any of the documents incorporated therein, or any omission or
alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, provided, however, that such indemnity shall not apply to that portion of such Losses caused by, or arising
out of, any untrue statement, or alleged untrue statement or any such omission or alleged omission, to the extent such statement or omission was made in reliance upon and in conformity with information furnished in writing to the Company by or on
behalf of a holder of Registrable Shares expressly for use therein, and (iii) any violation by the Company of any federal, state or common law rule, regulation or law applicable to the Company and relating to action required of or inaction by
the Company in connection with any registration or offering of securities. Notwithstanding the preceding sentence, the Company shall not be liable in any such case to the extent that any such Loss arises out of or is based upon an untrue statement
or alleged untrue statement or omission or alleged omission (x) made in any preliminary prospectus if (A) such selling stockholder failed to deliver or cause to be delivered a copy of the prospectus to the Person asserting such Loss after
the Company has furnished such selling Purchaser with a sufficient number of copies of the same and (B) the prospectus completely corrected in a timely manner such untrue statement or omission, or (y) in the prospectus, if such untrue
statement or alleged untrue statement or omission or alleged omission is completely corrected in an amendment or supplement to the prospectus and the selling stockholder thereafter fails to deliver such prospectus as so amended or supplemented prior
to or concurrently with the sale of the securities to the Person asserting such Loss after the Company had furnished such selling Purchaser with a sufficient number of copies of the same. 

(b) From and after the Closing, each Purchaser agrees to indemnify and hold harmless, severally and not jointly, the Company, each person who
controls the Company within the meaning of the Exchange Act, and each of the respective officers, directors, employees, agents and Affiliates of the foregoing in their respective capacities as such, to the fullest extent lawful, from and against any
and all Losses arising out of or resulting from (i) any misrepresentation or breach of any representation or warranty made by such Purchaser in this Agreement or in any certificate delivered by such Purchaser pursuant to this Agreement or any
breach or non-fulfillment of any covenant or agreement made or to be performed by such Purchaser in this Agreement or (ii) any untrue statement or alleged untrue statement of a material 

  
 34 

Table of Contents

 
fact contained in any Registration Statement or prospectus relating to Registrable Shares (as amended or supplemented if the Company shall have furnished any amendments or supplements thereto) or
any preliminary or summary prospectus or any documents incorporated by reference therein, or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading,
only to the extent such statement or omission was made in reliance upon and in conformity with information furnished in writing by or on behalf of such Purchaser expressly for use in any Registration Statement or prospectus relating to the
Registrable Shares, or any amendment or supplement thereto, or any preliminary prospectus. Each such Purchaser shall also indemnify, severally and not jointly, underwriters, selling brokers, dealer managers and similar securities industry
professionals participating in the distribution, their officers and directors and each Person who controls such Persons (within the meaning of the Securities Act) to the same extent as provided above with respect to the indemnification of the
Company, its officers and directors and each Person (if any) that controls the Company, if requested. Notwithstanding the preceding sentence, each Purchaser shall not be liable in any such case to the extent that any Loss arises out of or is based
upon an untrue statement or alleged untrue statement or omission or alleged omission (x) made in any preliminary prospectus if the prospectus completely corrected in a timely manner such untrue statement or omission or (y) in the
prospectus, if such untrue statement or alleged untrue statement or omission or alleged omission is completely corrected in an amendment or supplement to the prospectus. In no event shall the liability of any Purchaser hereunder be greater in amount
than the dollar amount of the net proceeds received by such Purchaser under the sale of Registrable Shares giving rise to such indemnification obligation. The Company and the selling stockholders shall be entitled to receive indemnities from
underwriters, selling brokers, dealer managers and similar securities industry professionals participating in the distribution, to the same extent as provided above with respect to information so furnished in writing by such Persons specifically for
inclusion in any prospectus or Registration Statement. 
 (c) A party obligated to provide indemnification under this Section 6.08 (an
“Indemnifying Party”) shall reimburse the indemnified parties of the other party (the “Indemnified Parties”) for all reasonable out-of-pocket expenses (including attorneys’ fees and disbursements) as they are
incurred in connection with investigating, preparing to defend or defending any action, suit, claim or proceeding (including any inquiry or investigation) with respect to which the Indemnified Party is entitled to indemnification under
Section 6.08(a) or (b), whether or not an Indemnified Party is a party thereto; provided that such reimbursement shall be repaid to the Indemnifying Party if the Indemnified Party is not ultimately entitled to indemnity hereunder; and provided
further that the foregoing shall not apply to the extent of the Indemnifying Party’s right under Section 6.08(d) to assume a defense pursuant thereto. If an Indemnified Party makes a claim under this Section 6.08(c) for payment or
reimbursement of expenses, such expenses shall be paid or reimbursed promptly upon receipt of appropriate documentation relating thereto even if the Indemnifying Party reserves the right to dispute whether this Agreement requires the payment or
reimbursement of such expenses, but subject to the provisos of the preceding sentence. 
 (d) An Indemnified Party shall give written notice
to the Indemnifying Party of any claim with respect to which it seeks indemnification promptly after the discovery by such party of any matters giving rise to a claim for indemnification; provided that the failure of any Indemnified Party to give
notice as provided herein shall not relieve the Indemnifying Party of 

  
 35 

Table of Contents

 
its obligations under this Section 6.08 unless and to the extent that the Indemnifying Party shall have been actually prejudiced by the failure of such Indemnified Party to so notify such
party. In case any such action, suit, claim or proceeding is brought against an Indemnified Party, the Indemnified Party shall be entitled to hire, at its own expense, separate counsel and participate in the defense thereof; provided, however, that
the Indemnifying Party shall be entitled to assume and conduct the defense, unless (i) the Indemnifying Party determines otherwise, (ii) the Indemnifying Party shall have failed to assume the defense of such claim within a reasonable time
after receipt of notice of such claim from the Indemnified Party, (iii) the Indemnified Party has reasonably concluded (based upon advice of its counsel) that there may be legal defenses available to it that are different from or in addition to
those available to the Indemnifying Party, or (iv) in the reasonable judgment of any Indemnified Party (based upon advice of its counsel) a conflict of interest may exist between the Indemnified Party and the Indemnifying Party with respect to
such claims, then, in each case, the Indemnified Party may assume responsibility for conducting the defense (in which case the Indemnifying Party shall be liable for any reasonable legal or other expenses reasonably incurred by the Indemnified Party
in connection with assuming and conducting the defense). No Indemnifying Party shall be liable for any settlement of any action, suit, claim or proceeding effected without its written consent; provided, however, the Indemnifying Party shall not
unreasonably withhold its consent. The Indemnifying Party further agrees that it will not, without the Indemnified Party’s prior written consent, settle or compromise any claim or consent to entry of any judgment in respect thereof in any
pending or threatened action, suit, claim or proceeding in respect of which indemnification could reasonably be expected to be available hereunder (whether or not any Indemnified Party is an actual or potential party to such action, suit, claim or
proceeding) unless such settlement or compromise includes an unconditional release of each Indemnified Party from all liability arising out of such action, suit, claim or proceeding. If written notice of a bona fide claim for indemnification under
Section 6.08 has been given in respect of any breach of the representations or warranties made by a party in this Agreement prior to the expiration of the applicable representation or warranty, then the obligation to indemnify in respect of
such breach shall survive as to such claim, until such claim has been finally resolved. 
 (e) In no event shall any Indemnified Party have
any liability for (i) Losses computed on a multiple of earnings, book value or similar basis, (ii) special, speculative, indirect or consequential Loss or lost profits to the extent not the direct and reasonably foreseeable consequence of
the relevant breach, or (iii) punitive damages. 
 (f) In no event shall the Company have any liability to any Purchaser (or to any
person who controls such Purchaser within the meaning of the Exchange Act, or to each of the respective officers, directors, employees, agents and Affiliates of the foregoing) for any Losses in an amount greater than the purchase price for such
Purchaser’s Purchased Securities as set forth on the signature page hereto. 
 (g) The obligations of the Indemnifying Party under this
Section 6.08 shall survive the transfer of the Purchased Securities. The agreements contained in this Section 6.08 shall be in addition to any other rights of the Indemnified Party against the Indemnifying Party or others, at common law or
otherwise. The Indemnifying Party consents to personal jurisdiction, service and venue in any court in the continental United States in which any claim subject to this Agreement is brought against any Indemnified Party. 

  
 36 

Table of Contents

 Section 6.09. Successors and Assigns. Except as otherwise expressly provided herein,
the provisions hereof shall inure to the benefit of, and be binding upon, the Company’s successors and assigns and each Purchaser’s successors and assigns, and no other person; provided, that each Purchaser may assign its rights under this
Agreement to one or more of its wholly owned Subsidiaries, but no such assignment shall relieve such Purchaser of its obligations hereunder. 

Section 6.10. Arbitration. 

(a) Any and all disputes which cannot be settled amicably, including any ancillary claims of any party, arising out of, relating to or in
connection with the validity, negotiation, execution, interpretation, performance or non-performance of this Agreement or the Transactions (including the validity, scope and enforceability of this arbitration provision) shall be finally settled by
arbitration conducted in New York in accordance with the then-existing Rules of Arbitration of the International Chamber of Commerce (the “ICC”). The arbitral panel shall consist of three arbitrators. The Purchasers party to such
arbitration and the Company shall each nominate one arbitrator and deliver written notification of such nomination to the other parties to the arbitration and to the ICC within 30 days after delivery of the initial request for arbitration. In the
event the Company or such Purchaser, as the case may be, fails to so nominate an arbitrator, upon request of the other party, such arbitrator shall instead be appointed by the ICC within 30 days of receiving such request. The first two appointed
arbitrators shall nominate the third arbitrator, who shall serve as chairman of the arbitral panel, and notify the parties to the arbitration and the ICC in writing of such nomination within 30 days of their appointment. The third arbitrator shall
be of a different nationality from either the Company or such Purchaser. If the first two appointed arbitrators fail to nominate a third arbitrator or notify the parties to the arbitration and the ICC of that nomination within 30 days, then, upon
request of any party, the third arbitrator shall be appointed by the ICC within 30 days of receiving such request. In the event of a vacancy, a replacement arbitrator shall be chosen according to the methods specified in this Section 6.10(a).
Each arbitrator shall be licensed to practice law in New York. The arbitrators shall conduct the proceedings in the English language. Performance under this Agreement shall continue if reasonably possible during any arbitration proceedings.

 (b) Notwithstanding Section 6.10(a), the parties may bring an action or special proceeding in any court of competent jurisdiction for
the purpose of compelling a party to arbitrate, seeking temporary or preliminary relief in aid of an arbitration hereunder, and/or enforcing an arbitration award and, for the purposes of this sentence, the party against which such action or
proceeding is brought (a “Covered Person”) (i) expressly consents to the application of paragraph (c) of this Section 6.10 to any such action or proceeding and (ii) agrees that proof shall not be required that
monetary damages for breach of the provisions of this Agreement would be difficult to calculate and that remedies at law would be inadequate. Until the date that such Purchaser holds less than 2.5% of the outstanding Company Common Stock on an
as-converted, fully diluted basis, each Purchaser that is not an entity incorporated or organized in the United States agrees that it will designate and continuously maintain for such period an agent in the State of New York (which may be a
U.S.-based Affiliate or office of such Purchaser) on behalf of itself and its properties upon whom process may be served (each, a “Purchaser Authorized Agent”) in any such action arising out of or relating to this Agreement or the
Transactions which may be instituted in the United States District Court for the Southern District 

  
 37 

Table of Contents

 
of New York or the courts of the State of New York by any other party hereto. Each such Purchaser shall designate a Purchaser Authorized Agent at or prior to Closing, and, in the event that for
any reason the agent so designated shall cease to serve as agent for such Purchaser to receive service of process in the State of New York on its behalf, such Purchaser shall promptly appoint a successor and advise the Company thereof in writing
(and such replacement agent shall be the Purchaser Authorized Agent). Service of process upon the Purchaser Authorized Agent and written notice of such service to a Purchaser shall be deemed, in every respect, effective service of process upon such
Purchaser. 
 (c) (i) THE COVERED PERSON HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN
DISTRICT OF NEW YORK AND THE COURTS OF THE STATE OF NEW YORK LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK (AND OF THE APPROPRIATE APPELLATE COURTS THEREFROM) FOR THE PURPOSE OF ANY JUDICIAL PROCEEDING BROUGHT IN ACCORDANCE WITH THE
PROVISIONS OF PARAGRAPH (B) OF THIS SECTION 6.10, OR ANY JUDICIAL PROCEEDING ANCILLARY TO AN ARBITRATION OR CONTEMPLATED ARBITRATION ARISING OUT OF OR RELATING TO OR CONCERNING THIS AGREEMENT. Such ancillary judicial proceedings include any
suit, action or proceeding to compel arbitration, to obtain temporary or preliminary judicial relief in aid of arbitration, or to confirm an arbitration award. The parties acknowledge that the fora designated by this Section 6.10(c) have a
reasonable relation to this Agreement, and to the parties’ relationship with one another. 
 (ii) The parties hereby
waive, to the fullest extent permitted by applicable law, any objection which they now or hereafter may have to personal jurisdiction or to the laying of venue of any such ancillary suit, action or proceeding brought in any court referred to in
Section 6.10(c)(i) and such parties agree not to plead or claim the same. Other than MDC Capital 2010 Trust, each Covered Person further waives, to the extent applicable, any and all immunity (including sovereign immunity) from suit,
execution, attachment or other legal process relating to this Agreement or the Transactions. 
 (iii) MDC Capital 2010 Trust
acknowledges that it is a commercial entity separate from (and with an identity separate from) its direct and indirect shareholders, is capable of suing and being sued, and is entering into the Transactions as private law commercial transactions
that shall not be deemed as being entered into in the exercise of any public function. 
 Section 6.11. Severability. If any
provision of this Agreement is determined to be invalid, illegal, or unenforceable, the remaining provisions of this Agreement shall remain in full force and effect provided that the economic and legal substance of, any of the Transactions is not
affected in any manner materially adverse to any party. In the event of any such determination, the parties agree to negotiate in good faith to modify this Agreement to fulfill as closely as possible the original intent and purpose hereof. To the
extent permitted by law, the parties hereby to the same extent waive any provision of law that renders any provision hereof prohibited or unenforceable in any respect. 

  
 38 

Table of Contents

 Section 6.12. Specific Performance. The parties hereto agree that if any of the
provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached, irreparable damage would occur, no adequate remedy at law would exist and damages would be difficult to determine, and that the
parties will be entitled to specific performance of the terms hereof, in addition to any other remedy at law or equity. 

Section 6.13. Headings. The headings of Articles and Sections contained in this Agreement are for reference purposes only and are
not part of this Agreement. 
 Section 6.14. Independent Nature of Purchasers. The obligations of each Purchaser under this
Agreement are several and not joint with the obligations of any other Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under this Agreement. Each Purchaser shall be responsible
only for its own representations, warranties, agreements and covenants hereunder. The decision of each Purchaser to purchase the Purchased Securities pursuant to this Agreement has been made by such Purchaser independently of any other Purchaser and
independently of any information, materials, statements or opinions as to the business, affairs, operations, assets, properties, liabilities, results of operations, condition (financial or otherwise) or prospects of the Company or any of its
Subsidiaries which may have been made or given by any other Purchaser or by any agent or employee of any other Purchaser, and no Purchaser or any of its agents or employees shall have any liability to any other Purchaser (or any other person)
relating to or arising from any such information, materials, statements or opinions. Nothing contained herein, and no action taken by any Purchaser pursuant hereto, shall be deemed to constitute the Purchasers as a partnership, an association, a
joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the Transactions. Except as otherwise provided in this Agreement, each
Purchaser shall be entitled to independently protect and enforce its rights, including the rights arising out of this Agreement or out of the Certificate of Designations, and it shall not be necessary for any other Purchaser to be joined as an
additional party in any proceeding for such purpose. 
 [Remainder of page intentionally left blank.] 

  
 39 

Table of Contents

 IN WITNESS WHEREOF, this Agreement has been executed by the parties hereto or by their respective
duly authorized officers, all as of the date first above written. 
  

			
	XPO LOGISTICS, INC.
		
	By		  

			Name:
			Title:

 [Signature Page to Investment Agreement] 

Table of Contents

 IN WITNESS WHEREOF, this Agreement has been executed by the parties hereto or by their respective
duly authorized officers, all as of the date first above written. 
  

			
	[PURCHASER], a [                    ]
[organized/incorporated] under the laws of
[                    ]
		
	By		  

			Name:
			Title:

 Purchased Common Shares: [•]. 

Purchased Preferred Shares: [•]. 

[                          
              ] 

[                          
              ] 

[                          
              ] 

[                          
              ] 
  

	
	Attention:
[                                        
]
	Tel:
[                                        
]
	Fax:
[                                        
]
	Email:
[                                        
]

 with a copy (which shall not constitute notice) to: 

[                          
              ] 

[                          
              ] 

[                          
              ] 

[                          
              ] 
 Attn:
[                                        ] 

 

	
	Tel:
[                                        
]
	Fax:
[                                        
]
	Email:
[                                        
]

 [Signature Page to Investment Agreement] 

Table of Contents

 EXECUTION VERSION 

Exhibit A 
 CERTIFICATE OF
DESIGNATION OF 
 SERIES C CONVERTIBLE PERPETUAL PREFERRED STOCK OF 

XPO LOGISTICS, INC. 
 Pursuant to
Section 151 of the 
 General Corporation Law of the State of Delaware 

XPO Logistics, Inc., a Delaware corporation (the “Company”), certifies that pursuant to the authority contained in its
Amended and Restated Certificate of Incorporation (as amended, the “Certificate of Incorporation”), and in accordance with the provisions of Section 151 of the General Corporation Law of the State of Delaware (the
“DGCL”), the Board of Directors of the Company (the “Board of Directors”), on May 28, 2015, duly approved and adopted the following resolution, which resolution remains in full force and effect on the date
hereof: 
 RESOLVED, that pursuant to the authority vested in the Board of Directors by the Certificate of Incorporation, the Board of
Directors does hereby designate, create, authorize and provide for the issue of a series of the Company’s preferred stock, par value $0.001 per share, with a liquidation preference of $1,000 per share (the “Liquidation
Preference”), which shall be designated as Series C Convertible Perpetual Preferred Stock (the “Series C Preferred Stock”), consisting of 562,525 shares, no shares of which have heretofore been issued by the Company, having
the following powers, designations, preferences and relative, participating, optional and other special rights, and qualifications, limitations and restrictions thereof: 

Certain defined terms used in this Certificate of Designation have the meanings assigned thereto in Section 13. 

Section 1. Ranking. The Series C Preferred Stock shall rank, with respect to payment of dividends and distribution of assets upon
the liquidation, winding-up or dissolution of the Company, (a) senior to the common stock, par value $0.001 per share, of the Company (the “Common Stock”), whether now outstanding or hereafter issued, and to each other class or
series of stock of the Company (including any series of preferred stock established after June 3, 2015 (the “Issue Date”) by the Board of Directors) the terms of which do not expressly provide that such class or series ranks
senior to, or pari passu, with the Series C Preferred Stock as to payment of dividends and distribution of assets upon the liquidation, winding-up or dissolution of the Company (collectively referred to as “Junior
Stock”); (b) pari passu with the Series A Preferred Stock and each other class or series of stock of the Company (including any series of preferred stock established after the Issue Date by the Board of Directors) the
terms of which expressly provide that such class or series ranks pari passu with the Series C Preferred Stock as to payment of dividends and distribution of assets upon the liquidation, winding-up or dissolution of the Company
(collectively referred to as “Parity Stock”); and (c) junior to each other class or series of stock of the Company (including any series of preferred stock established after the Issue Date by the Board of Directors) the terms
of which expressly provide that such class or series ranks senior to the Series C Preferred Stock as to payment of dividends and 

Table of Contents

 
distribution of assets upon the liquidation, winding-up or dissolution of the Company (collectively referred to as “Senior Stock”). The Company’s ability to issue Capital
Stock that ranks pari passu with or senior to the Series C Preferred Stock shall be subject to the provisions of Section 4. 

Section 2. Dividends. (a) Prior to the Meeting End Date. Prior to the Meeting End Date, Holders of shares of Series C
Preferred Stock shall be entitled to participate equally and ratably with the holders of shares of Common Stock in all dividends on the shares of Common Stock as if immediately prior to each record date for the Common Stock, shares of Series C
Preferred Stock then outstanding were converted into shares of Common Stock. Dividends payable pursuant to this Section 2(a) shall be payable on the same date that such dividends are payable to holders of shares of Common Stock, and no
dividends shall be payable to holders of shares of Common Stock unless dividends contemplated by this Section 2(a) are also paid at the same time in respect of the Series C Preferred Stock. Each dividend shall be payable to the holders of
record of shares of Series C Preferred Stock as they appear on the stock records of the Company at the close of business on the same day as the record date for the payment of dividends to the holders of shares of Common Stock. 

(b) Following the Meeting End Date. Commencing on and following the Meeting End Date, Holders of shares of Series C Preferred Stock
shall be entitled to cumulative dividends on the Series C Preferred Stock payable quarterly, which dividend shall be declared by the Board of Directors or a duly authorized committee thereof, out of the assets of the Company legally available
therefor, and thereafter, if so declared, be payable on the 15th calendar day (or the following Business Day if the 15th is not a Business Day) of January, April, July and October of each year (each such date being referred to herein as a
“Dividend Payment Date”) at the rate per annum of 7.5% per share on the Liquidation Preference; provided that, in the event that on any Dividend Payment Date, the Company is not permitted to declare or pay such dividend
or incur such liability either (x) as a matter of law or (y) under the terms of the Amended and Restated Revolving Loan Credit Agreement dated as of April 1, 2014, among the Company and certain of its subsidiaries, as borrowers, the
lenders from time to time party thereto, Morgan Stanley Senior Funding, Inc., as agent, and the other parties thereto, as amended from time to time (the “Company Credit Agreement”), such dividend (a “Deferred
Dividend”) shall not be declared by the Board of Directors, shall not be paid or payable on such Dividend Payment Date and no liability shall be incurred in respect thereof, and instead, such Deferred Dividend shall be declared, become
payable and be paid and the liability in respect thereof be incurred on the first succeeding Dividend Payment Date on which the Company is not prohibited from declaring, paying and incurring the liability in respect of such Deferred Dividend (and,
for the avoidance of doubt, such Deferred Dividend shall be payable in addition to, and not in lieu of, any dividend which would ordinarily be payable on such succeeding Dividend Payment Date). The amount of dividends payable for any other period
that is shorter or longer than a full quarterly dividend period will be computed on the basis of a 360-day year consisting of twelve 30-day months. 

Commencing on and following the Meeting End Date, in the event that dividends are paid on shares of Common Stock in any dividend period with
respect to the Series C Preferred Stock, then a dividend shall be payable in respect of each share of Series C Preferred Stock for such period in an amount equal to the greater of (i) the amount otherwise payable in respect of

  
 2 

Table of Contents

 
such share of Series C Preferred Stock in accordance with the foregoing paragraph and (ii) the product of (A) the aggregate dividends payable per share of Common Stock in such dividend
period times (B) the number of shares of Common Stock into which such share of Series C Preferred Stock is then convertible. 
 For
purposes of this Section 2(b), a dividend period with respect to a Dividend Payment Date is the period commencing on the preceding Dividend Payment Date (or, if there is no preceding Dividend Payment Date, the Meeting End Date) and ending on
the day immediately prior to the next Dividend Payment Date. Dividends payable on a Dividend Payment Date shall be payable to Holders of record on the later of (i) the close of business on the first calendar day (or the following Business Day
if such first calendar day is not a Business Day) of the calendar month in which the applicable Dividend Payment Date falls and (ii) the close of business on the day on which the Board of Directors or a duly authorized committee thereof
declares the dividend payable (each, a “Dividend Record Date”). 
 (c) Payment of Dividends. The Company may make
each dividend payment on the Series C Preferred Stock either (i) in cash (or, if applicable, in the same form as such dividend is paid to holders of Common Stock) or (ii) at the Company’s option, by the issuance of additional shares
of Series C Preferred Stock (including fractional shares) having an aggregate Liquidation Preference equal to the amount of the dividend to be paid (or, in the case of a non-cash distribution, having an aggregate Liquidation Preference equal to the
fair market value of such dividend (as determined in good faith by the Board of Directors, whose determination shall be conclusive and described in a Board Resolution)). Each fractional share of Series C Preferred Stock outstanding shall be entitled
to a ratably proportionate amount of all dividends accumulating with respect to each outstanding share of Series C Preferred Stock pursuant to Section 2, and all such dividends with respect to such outstanding fractional shares shall accumulate
(whether or not declared) and shall be payable in the same manner and at such times as provided for in Section 2 with respect to dividends on each outstanding share of Series C Preferred Stock. No interest or sum of money in lieu of interest
shall be payable in respect of any dividends or payment that may be in arrears. 
 (d) Payment Restrictions. No dividends or other
distributions (other than a dividend or distribution payable solely in shares of Parity Stock or Junior Stock (in the case of Parity Stock) or Junior Stock (in the case of Junior Stock) and other than cash paid in lieu of fractional shares) may be
declared, made or paid, or set apart for payment upon, any Parity Stock or Junior Stock, nor may any Parity Stock or Junior Stock be redeemed, purchased or otherwise acquired for any consideration (or any money paid to or made available for a
sinking fund for the redemption of any Parity Stock or Junior Stock) by or on behalf of the Company (except by conversion into or exchange for shares of Parity Stock or Junior Stock (in the case of Parity Stock) or Junior Stock (in the case of
Junior Stock)), unless all accrued and unpaid dividends shall have been or contemporaneously are declared and paid (in cash or in kind), or are declared and a sum of cash sufficient for the payment thereof is set apart for such payment, on the
Series C Preferred Stock and any Parity Stock for all dividend payment periods terminating on or prior to the date of such declaration, payment, redemption, purchase or acquisition. Notwithstanding the foregoing, if full dividends have not been paid
on the Series C Preferred Stock and any Parity Stock, dividends may be declared and paid on the Series C Preferred Stock and such Parity Stock so long as the dividends are declared and paid pro rata so that the aggregate amounts of

  
 3 

Table of Contents

 
dividends declared per share on, and the amounts of such dividends declared in cash or in kind, as applicable, per share on, the Series C Preferred Stock and such Parity Stock will in all cases
bear to each other the same ratio that accrued and unpaid dividends per share on the shares of Series C Preferred Stock and such other Parity Stock bear to each other. 

Section 3. Liquidation Preference. In the event of any voluntary or involuntary liquidation, dissolution or winding-up of the
Company, each Holder shall be entitled to receive out of the assets of the Company available for distribution to stockholders of the Company, before any distribution of assets is made on the Common Stock or any other Junior Stock, an amount equal to
the greater of (i) the aggregate Liquidation Preference attributable to shares of Series C Preferred Stock held by such Holder plus an amount equal to the sum of all accrued and unpaid cumulative dividends, and (ii) the product of
(x) the amount per share that would have been payable upon such liquidation, dissolution or winding-up to the holders of shares of Common Stock or such other class or series of securities into which the Series C Preferred Stock is then
convertible (assuming the conversion of each share of Series C Preferred Stock), multiplied by (y) the number of shares of Common Stock or such other securities into which the shares of Series C Preferred Stock held by such Holder are then
convertible. 
 None of (i) the sale of all or substantially all of the property or business of the Company (other than in connection
with the voluntary or involuntary liquidation, dissolution or winding-up of the Company), (ii) the merger, conversion or consolidation of the Company into or with any other Person or (iii) the merger, conversion or consolidation of any
other Person into or with the Company, shall constitute a voluntary or involuntary liquidation, dissolution or winding-up of the Company for the purposes of the immediately preceding paragraph. 

In the event the assets of the Company available for distribution to Holders upon any liquidation, winding-up or dissolution of the Company,
whether voluntary or involuntary, shall be insufficient to pay in full all amounts to which such Holders are entitled pursuant to this Section 3, no such distribution shall be made on account of any shares of Parity Stock upon such liquidation,
dissolution or winding-up unless proportionate distributable amounts shall be paid on account of the shares of Series C Preferred Stock, ratably, in proportion to the full distributable amounts for which Holders and holders of any Parity Stock are
entitled upon such liquidation, winding-up or dissolution, with the amount allocable to each series of such stock determined on a pro rata basis of the aggregate liquidation preference of the outstanding shares of each series and accrued and
unpaid dividends to which each series is entitled. 
 After the payment to the Holders of the full preferential amounts provided for above,
the Holders as such shall have no right or claim to any of the remaining assets of the Company. 
 Section 4. Voting Rights.
(a) The Holders of shares of Series C Preferred Stock will not have any voting rights, including the right to elect any directors, except (i) voting rights, if any, required by law, and (ii) voting rights, if any, described in this
Section 4. 
 (b) So long as any Series C Preferred Stock is outstanding, in addition to any other vote of stockholders of the Company
required under applicable law or the Certificate of Incorporation, the affirmative vote or consent of the Holders of at least a majority of the outstanding shares of Series C Preferred Stock, voting separately as a single class, will be

  
 4 

Table of Contents

 
required (i) for any amendment of the Certificate of Incorporation if the amendment would alter or change the powers, preferences, privileges or rights of the Holders so as to affect them
adversely; provided that no such consent shall be required for the amendment of Section 7(a)(iv) of the Series A Preferred Stock to conform the anti-dilution calculations therein to Section 7(a)(iv) hereof , (ii) to issue,
authorize or increase the authorized amount of, or issue or authorize any obligation or security convertible into or evidencing a right to purchase, any Parity Stock or Senior Stock, or (iii) to reclassify any authorized stock of the Company
into any Parity Stock or Senior Stock, or any obligation or security convertible into or evidencing a right to purchase any Senior Stock. It is agreed that no such vote shall be required for the Company to issue, authorize or increase the authorized
amount of, or issue or authorize any obligation or security convertible into or evidencing a right to purchase, any Junior Stock. 

Section 5. Conversion. 

(a) Mandatory Conversion. Effective as of the close of business on the Stockholder Approval Date, with respect to the shares of Series C
Preferred Stock of a Holder, such Holder’s shares of Series C Preferred Stock shall automatically, without any action of such Holder, convert into a number of shares of Common Stock equal to the aggregate Liquidation Preference of such shares
of Series C Preferred Stock divided by the Conversion Price then in effect (such quotient, the “Conversion Shares”). 

(b) In addition, effective as of the close of business on the Stockholder Approval Date, a Holder of Series C Preferred Stock shall be entitled
to receive, at the election of the Company, either (i) cash in an amount equal to the then unpaid Deferred Dividends in respect of shares of Series C Preferred Stock held by such Holder or (ii) a number of shares of Common Stock equal to
the amount of any then unpaid Deferred Dividends in respect of shares of Series C Preferred Stock held by such Holder divided by the Conversion Price then in effect (such quotient, the “Dividend Shares”). 

No Holder may convert shares of Series C Preferred Stock other than pursuant to Section 5(a). 

(c) Conversion Procedures. 

(i) In the event of conversion pursuant to Section 5(a), the Company shall deliver as promptly as practicable written notice to each
holder specifying: (A) the Stockholder Approval Date; (B) the number of shares of Common Stock to be issued in respect of each share of Series C Preferred Stock that is converted; (C) the place or places where certificates or evidence
of book-entry notation for such shares of Series C Preferred Stock are to be surrendered for issuance of certificates or evidence of book-entry notation representing shares of Common Stock; and (D) that dividends on the shares to be converted
will cease to accrue on such Stockholder Approval Date. Unless the shares of Common Stock issuable upon conversion are to be issued in the same name as the name in which such shares of Series C Preferred Stock are registered, each share surrendered
for mandatory conversion shall be accompanied by instruments of transfer, in form satisfactory to the Company, duly executed by the holder thereof or such holder’s duly authorized attorney and an amount sufficient to pay any transfer or similar
tax in accordance with Section 14(f). 

  
 5 

Table of Contents

 (ii) The conversion shall be deemed to have been effected at the close of business on the
Stockholder Approval Date (as applicable). At such time: (A) the person in whose name or names any certificate or certificates for shares of Common Stock shall be issuable upon such mandatory conversion shall be deemed to have become the holder
of record of the shares of Common Stock represented thereby at such time; (B) such shares of Series C Preferred Stock so converted shall no longer be deemed to be outstanding, and all rights of a holder with respect to such shares shall
immediately terminate except the right to receive the Common Stock and other amounts payable pursuant to this Section 5 and the right to receive any dividend declared but not yet paid pursuant to Section 2. 

(iii) Holders of shares of Series C Preferred Stock at the close of business on a Dividend Record Date shall be entitled to receive the
dividend payable on such shares of Series C Preferred Stock on the corresponding Dividend Payment Date notwithstanding the mandatory conversion thereof following such Dividend Record Date and prior to such Dividend Payment Date. In such event, any
such dividend that would otherwise be payable in the form of Series C Preferred Stock shall be payable to such Holder either (i) in cash or (ii) at the Company’s option, in shares of Common Stock converted at the Conversion Price in
effect as of the time of such mandatory conversion. 
 (iv) In connection with the mandatory conversion of shares of Series C Preferred
Stock, no fractions of shares of Common Stock shall be issued, but in lieu thereof the Company shall pay an amount of cash in respect of such fractional interest equal to such fractional interest multiplied by the Market Value per share of Common
Stock on the Stockholder Approval Date. 
 Section 6. Settlement upon Conversion. The Company shall satisfy its obligation to
deliver Conversion Shares and, if applicable, Dividend Shares (or such other class or series of securities into which the Series C Preferred Stock is then convertible) upon conversion of Series C Preferred Stock by delivering to each Holder
surrendering shares of Series C Preferred Stock for conversion a number of shares of Common Stock (or such other class or series of securities into which the Series C Preferred Stock is then convertible) equal to the Conversion Shares and, if
applicable, Dividend Shares to which such Holder is entitled pursuant to Section 5 (provided that the Company will deliver cash in lieu of fractional shares), as soon as practicable after the third Trading Day (but in no event later than
the fifth Business Day) following the Stockholder Approval Date. In the event the Company elects to pay cash pursuant to Section 5(b)(i), such cash payment shall be made on the same date. 

Section 7. Anti-dilution Adjustments. (a) The Conversion Price shall be subject to the following adjustments from time to
time: 
 (i) Stock Dividends. In case the Company shall pay or make a dividend or other distribution on the Common Stock in Common
Stock, the Conversion Price, as in effect at the opening of business on the day following the date fixed for the determination of stockholders of the Company entitled to receive such dividend or other distribution, shall be adjusted by multiplying
such Conversion Price by a fraction of which the numerator shall be the number of shares of Common Stock outstanding at the close of business on the date fixed for 

  
 6 

Table of Contents

 
such determination and the denominator shall be the sum of such number of shares and the total number of shares constituting such dividend or other distribution, such adjustment to become
effective immediately after the opening of business on the day following the date fixed for such determination; provided, however, that no such adjustment to the Conversion Price shall be made if the Holders would be entitled to
receive such dividend or other distribution pursuant to Section 2. 
 (ii) Stock Purchase Rights. In case the Company shall
issue to all holders of its Common Stock options, warrants or other rights entitling them to subscribe for or purchase shares of Common Stock for a period expiring within 60 days from the date of issuance of such options, warrants or other rights at
a price per share of Common Stock less than 95% of the Market Value on the date fixed for the determination of stockholders of the Company entitled to receive such options, warrants or other rights (other than pursuant to a dividend reinvestment,
share purchase or similar plan), the Conversion Price in effect at the opening of business on the day following the date fixed for such determination shall be adjusted by multiplying such Conversion Price by a fraction, the numerator of which shall
be the number of shares of Common Stock outstanding at the close of business on the date fixed for such determination plus the number of shares of Common Stock which the aggregate consideration expected to be received by the Company upon the
exercise, conversion or exchange of such options, warrants or other rights (as determined in good faith by the Board of Directors, whose determination shall be conclusive and described in a Board Resolution) would purchase at such Market Value and
the denominator of which shall be the number of shares of Common Stock outstanding at the close of business on the date fixed for such determination plus the number of shares of Common Stock so offered for subscription or purchase, either
directly or indirectly, such adjustment to become effective immediately after the opening of business on the day following the date fixed for such determination; provided, however, that no such adjustment to the Conversion Price shall
be made if the Holders would be entitled to receive such options, warrants or other rights pursuant to Section 2; provided, further, however, that if any of the foregoing options, warrants or other rights are only
exercisable upon the occurrence of a Triggering Event, then the Conversion Price will not be adjusted until such Triggering Event occurs. 

(iii) Stock Splits, Reverse Splits and Combinations. In case outstanding shares of Common Stock shall be subdivided, split or
reclassified into a greater number of shares of Common Stock, the Conversion Price in effect at the opening of business on the day following the day upon which such subdivision, split or reclassification becomes effective shall be proportionately
reduced, and, conversely, in case outstanding shares of Common Stock shall be combined or reclassified into a smaller number of shares of Common Stock, the Conversion Price in effect at the opening of business on the day following the day upon which
such combination or reclassification becomes effective shall be proportionately increased, such reduction or increase, as the case may be, to become effective immediately after the opening of business on the day following the day upon which such
subdivision, split, reclassification or combination becomes effective. 
 (iv) Debt, Asset or Security Distributions. (A) In
case the Company shall, by dividend or otherwise, distribute to all holders of its Common Stock evidences of its indebtedness, assets or securities (but excluding any dividend or distribution of options, warrants or other rights referred to in
paragraph (ii) of this Section 7(a), any dividend or distribution paid 

  
 7 

Table of Contents

 
exclusively in cash, any dividend or distribution of shares of Capital Stock of any class or series, or similar equity interests, of or relating to a Subsidiary or other business unit in the case
of a Spin-off referred to in the next subparagraph, or any dividend or distribution referred to in paragraph (i) of this Section 7(a)), the Conversion Price shall be reduced by multiplying the Conversion Price in effect immediately prior
to the close of business on the date fixed for the determination of stockholders of the Company entitled to receive such distribution by a fraction, the numerator of which shall be such Market Value minus the fair market value (as determined in good
faith by the Board of Directors, whose determination shall be conclusive and described in a Board Resolution) of the portion of the assets or evidences of indebtedness so distributed applicable to one share of Common Stock and the denominator of
which shall be the Market Value on the date fixed for such determination, such adjustment to become effective immediately prior to the opening of business on the day following the date fixed for the determination of stockholders of the Company
entitled to receive such distribution. In any case in which this subparagraph (iv)(A) is applicable, subparagraph (iv)(B) of this Section 7(a) shall not be applicable. No adjustment to the Conversion Price shall be made if the Holders would be
entitled to receive such dividend or distribution pursuant to Section 2. 
 (B) In the case of a Spin-off, the Conversion Price in
effect immediately prior to the close of business on the date fixed for determination of stockholders of the Company entitled to receive such distribution shall be reduced by multiplying the Conversion Price by a fraction, the numerator of which
shall be the Market Value minus the fair market value (as determined in good faith by the Board of Directors, whose determination shall be conclusive and described in a Board Resolution) of the shares (or fractions thereof) of Capital Stock
or similar equity interests so distributed applicable to one share of Common Stock and the denominator of which shall be the Market Value. Any adjustment to the Conversion Price under this subparagraph (iv)(B) will occur on the date that is the
earlier of (1) the tenth Trading Day from, and including, the effective date of the Spin-off and (2) the date of the Initial Public Offering of the securities being distributed in the Spin-off, if that Initial Public Offering is effected
simultaneously with the Spin-off. No adjustment to the Conversion Price shall be made if the Holders would be entitled to receive such dividend or distribution pursuant to Section 2. 

(v) Tender Offers. In the case that a tender or exchange offer made by the Company or any Subsidiary of the Company for all or any
portion of the Common Stock shall expire and such tender or exchange offer (as amended through the expiration thereof) shall require the payment to stockholders of the Company (based on the acceptance (up to any maximum specified in the terms of the
tender or exchange offer) of Purchased Shares) of aggregate consideration having a fair market value (as determined in good faith by the Board of Directors, whose determination shall be conclusive and described in a Board Resolution) per share of
Common Stock that exceeds the Closing Sale Price of the Common Stock on the Trading Day next succeeding the last date on which tenders or exchanges may be made pursuant to such tender or exchange offer, then, immediately prior to the opening of
business on the day after the date of the last time (the “Expiration Time”) tenders or exchanges could have been made pursuant to such tender or exchange offer (as amended through the expiration thereof), the Conversion Price shall
be reduced by multiplying the Conversion Price immediately prior to the close of business on the date of the Expiration Time by a fraction (A) the numerator of which shall be equal to the product of (x) the Market Value on the date of the
Expiration Time and (y) the number of shares of Common Stock outstanding (including any tendered or exchanged 

  
 8 

Table of Contents

 
shares) on the date of the Expiration Time, and (B) the denominator of which shall be equal to (x) the product of (I) the Market Value on the date of the Expiration Time and
(II) the number of shares of Common Stock outstanding (including any tendered or exchanged shares) on the date of the Expiration Time less the number of all shares validly tendered or exchanged, not withdrawn and accepted for payment on the
date of the Expiration Time (such validly tendered or exchanged shares, up to any such maximum, being referred to as the “Purchased Shares”) plus (y) the amount of cash plus the fair market value (determined as
aforesaid) of the aggregate consideration payable to stockholders of the Company pursuant to the tender or exchange offer (assuming the acceptance, up to any maximum specified in the terms of the tender or exchange offer, of Purchased Shares). 

(b) De Minimis Adjustments. Notwithstanding anything herein to the contrary, no adjustment under this Section 7 need be made to the
Conversion Price unless such adjustment would require an increase or decrease of at least 1.0% of the Conversion Price then in effect. Any lesser adjustment shall be carried forward and shall be made at the time of and together with the next
subsequent adjustment, if any, which, together with any adjustment or adjustments so carried forward, shall result in an increase or decrease of at least 1.0% of such Conversion Price. No adjustment under this Section 7 shall be made if such
adjustment will result in a Conversion Price that is less than the par value of the Common Stock. 
 (c) Tax-Related Adjustments. The
Company may make such reductions in the Conversion Price, in addition to those required by this Section 7, as the Board of Directors considers advisable in order to avoid or diminish any income tax to any holders of shares of Common Stock
resulting from any dividend or distribution of stock or issuance of rights or warrants to purchase or subscribe for stock or from any event treated as such for income tax purposes. In the event the Company elects to make such a reduction in the
Conversion Price, the Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder if and to the extent that such laws and regulations are applicable in connection with
the reduction in the Conversion Price. 
 (d) Stockholder Rights Plans. Upon conversion of the Series C Preferred Stock, to the extent
that the Holders receive Common Stock, such Holders shall receive, in addition to the shares of Common Stock, the rights issued under any future stockholder rights plan the Company may establish whether or not such rights are separated from the
Common Stock prior to conversion. A distribution of rights pursuant to any stockholder rights plan will not result in an adjustment to the Conversion Price pursuant to Section 7(a)(ii) or 7(a)(iv), provided that the Company has provided
for the Holders to receive such rights upon conversion. 
 (e) Notice of Adjustment. Whenever the Conversion Price is adjusted in
accordance with this Section 7, the Company shall (i) compute the Conversion Price in accordance with this Section 7 and prepare and transmit to the Transfer Agent an Officer’s Certificate setting forth the Conversion Price, the
method of calculation thereof in reasonable detail, and the facts requiring such adjustment and upon which such adjustment is based and (ii) as soon as practicable following the occurrence of an event that requires an adjustment to the
Conversion Price pursuant to this Section 7 (or if the Company is not aware of such occurrence, as soon as practicable after becoming so aware), the Company or, at the request and expense of the Company, the Transfer Agent shall provide a
written notice to the Holders of the occurrence of such event and a statement setting forth in reasonable detail the method by which the adjustment to the Conversion Price was determined and setting forth the adjusted Conversion Price. 

  
 9 

Table of Contents

 (f) Reversal of Adjustment. If the Company shall take a record of the holders of its
Common Stock for the purpose of entitling them to receive a dividend or other distribution, and shall thereafter (and before the dividend or distribution has been paid or delivered to stockholders) legally abandon its plan to pay or deliver such
dividend or distribution, then thereafter no adjustment in the Conversion Price then in effect shall be required by reason of the taking of such record. 

(g) Exceptions to Adjustment. The applicable Conversion Price shall not be adjusted: 

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

(ii) upon the issuance of any shares of Common Stock or options or rights to purchase those shares pursuant to any present or future employee,
director or consultant benefit plan or program of or assumed by the Company or any of its Subsidiaries; 
 (iii) upon the issuance of any
shares of Common Stock pursuant to any option, warrant, right or exercisable, exchangeable or convertible security outstanding as of the Issue Date; 

(iv) upon the issuance of any shares of Common Stock or any other security of the Company in connection with acquisitions of assets or
securities of another Person, including with respect to any merger or consolidation or similar transaction; 
 (v) for a change in the par
value of the Common Stock; or 
 (vi) for accrued and unpaid dividends on the Series A Preferred Stock or the Series C Preferred Stock. 

Section 8. Recapitalizations, Reclassifications and Changes in the Company’s Stock. In the event of any reclassification of
outstanding shares of Common Stock (other than a change in par value, or from par value to no par value, or from no par value to par value), or any consolidation or merger of the Company with or into another Person (other than with a Subsidiary of
the Company) or any merger of another Person with or into the Company (other than a consolidation or merger in which the Company is the resulting or surviving Person and that does not result in any reclassification or change of outstanding Common
Stock), or any sale or other disposition to another Person of all or substantially all of the assets of the Company (computed on a consolidated basis) (any of the foregoing, a “Transaction”), upon conversion of its shares of Series
C Preferred Stock, a Holder will be entitled to receive the kind and amount of securities (of the Company or another issuer), cash and other property receivable upon such Transaction by a holder of the number of shares of Common Stock into which
such shares of 

  
 10 

Table of Contents

 
Series C Preferred Stock were convertible immediately prior to such Transaction, after giving effect to any adjustment event or, in the event holders of Common Stock have the opportunity to elect
the form of consideration to be received in any Transaction, the weighted average of the forms and amounts of consideration received by the holders of the Common Stock. In the event that at any time, as a result of an adjustment made pursuant to
this Certificate of Designation, the Holders shall become entitled upon conversion to any securities other than, or in addition to, shares of Common Stock, thereafter the number or amount of such other securities so receivable upon conversion shall
be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the Common Stock set forth in this Certificate of Designation. 

Section 9. Consolidation, Merger and Sale of Assets. (a) The Company, without the consent of the Holders, may consolidate
with or merge into any other Person or convey, transfer or lease all or substantially all its assets to any Person or may permit any Person to consolidate with or merge into, or transfer or lease all or substantially all its properties to, the
Company (any of the foregoing, “Reorganization”); provided, however, that (i) the shares of Series C Preferred Stock will become the kind and amount of securities of such successor, transferee or lessee, cash and
other property receivable by a holder of the number of shares of Common Stock into which such shares of Series C Preferred Stock were convertible immediately prior to such Reorganization; and (ii) the Company delivers to the Transfer Agent an
Officer’s Certificate and an Opinion of Counsel, acceptable to the Transfer Agent, stating that such Reorganization complies with this Certificate of Designation. 

(b) Upon any consolidation by the Company with, or merger by the Company into, any other Person or any conveyance, transfer or lease of all or
substantially all the assets of the Company as described in Section 9(a), the successor resulting from such consolidation or into which the Company is merged or the transferee or lessee to which such conveyance, transfer or lease is made, will
succeed to, and be substituted for, and may exercise every right and power of, the Company under the shares of Series C Preferred Stock, and thereafter, except in the case of a lease, the predecessor (if still in existence) will be released from its
obligations and covenants with respect to the Series C Preferred Stock. 
 Section 10. Notices. (a) When the Company is
required, pursuant to this Certificate of Designation, to give notice to Holders by issuing a press release, rather than directly to Holders, the Company shall do so in a public medium that is customary for such press release; provided,
however, that in such cases, publication of a press release through the Dow Jones News Service shall be considered sufficient to comply with such notice obligation. 

(b) When the Company is required, pursuant to this Certificate of Designation, to give notice to Holders without specifying the method of
giving such notice, the Company shall do so by sending notice via first class mail or by overnight courier to the Holders of record as of a reasonably current date. 

Section 11. Transfer of Securities. (a) The shares of Series C Preferred Stock and the shares of Common Stock issuable upon
conversion of the Series C Preferred Stock (collectively, the “Securities”) have not been registered under the Securities Act or any other applicable securities laws and may not be offered or sold except in compliance with the
registration 

  
 11 

Table of Contents

 
requirements of the Securities Act and any other applicable securities laws, or pursuant to an exemption from registration under the Securities Act and any other applicable securities laws, or in
a transaction not subject to such laws. The Common Stock issuable upon conversion of the Series C Preferred Stock will have the benefit of certain registration rights under the Securities Act pursuant to an Investment Agreement entered into by the
Company and the Holders on May 29, 2015, a copy of which may be obtained from the Company by writing to it at XPO Logistics, Inc., Five Greenwich Office Park, Greenwich, CT 06831, Attention: Secretary of the Board of Directors. 

(b) If shares of Series C Preferred Stock in certificated form are delivered upon the transfer, exchange or replacement of shares of Series C
Preferred Stock bearing the Restricted Stock Legend, or if a request is made to remove such Restricted Stock Legend on shares of Series C Preferred Stock, the shares of Series C Preferred Stock so issued shall bear the Restricted Stock Legend and
the Restricted Stock Legend shall not be removed unless there is delivered to the Company and the Transfer Agent such satisfactory evidence, which may include an Opinion of Counsel licensed to practice law in the State of New York, as may be
reasonably required by the Company, that such shares of Series C Preferred Stock are not “restricted securities” within the meaning of Rule 144 under the Securities Act or may be transferred without any restrictions or conditions
under that Rule. Upon provision of such satisfactory evidence, the Transfer Agent, at the direction of the Company, shall countersign and deliver shares of Series C Preferred Stock that do not bear the Restricted Stock Legend. 

(c) Shares of Common Stock issued upon a conversion of the shares of Series C Preferred Stock bearing the Restricted Stock Legend, prior to the
first anniversary of the Issue Date, shall be in global form and bear a restricted common stock legend that corresponds to the Restricted Stock Legend (the “Restricted Common Stock Legend”). 

(d) The Company will refuse to register any transfer of Securities that is not made in accordance with the provisions of the Restricted Stock
Legend or the Restricted Common Stock Legend, as applicable, provided that the provisions of this Section 11(d) shall not be applicable to any Security that does not bear any Restricted Stock Legend or any Restricted Common Stock Legend.

 Section 12. Certain Tax Matters. The Company and the Holders acknowledge and agree that it is intended that the Series C
Preferred Stock not constitute “preferred stock” within the meaning of Section 305 of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations promulgated thereunder, and that neither the Company nor the Holders
shall treat the Series C Preferred Stock as such. The Company shall be entitled to deduct and withhold from any payment of cash, shares of Series C Preferred Stock, shares of Common Stock or other consideration deliverable to a Holder of a share of
Series C Preferred Stock, any amounts required to be deducted or withheld under applicable U.S. federal, state, local or foreign tax laws with respect to such payment or issuance. In the event the Company paid withholding taxes to a governmental
authority in respect of any amount treated as a distribution on a share of Series C Preferred Stock, the Company shall be entitled to deduct any such taxes from any subsequent payment of cash, shares of Series C Preferred Stock, shares of Common
Stock or other consideration otherwise deliverable to a Holder of a share of Series C Preferred Stock. 

  
 12 

Table of Contents

 Section 13. Definitions. 

(a) “Board of Directors” has the meaning set forth in the first paragraph of this Certificate of Designation. 

(b) “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to
have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Transfer Agent. 

(c) “Business Day” means any day other than a Saturday or Sunday or any other day on which banks in the City of New York are
authorized or required by law or executive order to close. 
 (d) “Capital Stock” of any Person means any and all shares,
interests, participations or other equivalents however designated of corporate stock or other equity participations, including partnership interests, whether general or limited, of such Person and any rights (other than debt securities convertible
or exchangeable into an equity interest), warrants or options to acquire an equity interest in such Person. 
 (e) “Certificate of
Incorporation” has the meaning set forth in the first paragraph of this Certificate of Designation. 
 (f) The “Closing Sale
Price” of the Common Stock on any date means the closing sale price per share (or if no closing sale price is reported, the average of the closing bid and ask prices or, if more than one in either case, the average of the average closing
bid and the average closing ask prices) on such date as reported on the over-the-counter “Pink Sheets” market or, if the Common Stock is listed on a national securities exchange, the principal national securities exchange on which the
Common Stock is traded. In the absence of such a quotation, the Closing Sale Price of the Common Stock will be an amount determined in good faith by the Board of Directors to be the fair market value of such Common Stock, and such determination
shall be conclusive. 
 (g) “Common Stock” has the meaning set forth in Section 1. 

(h) “Company” has the meaning set forth in the first paragraph of this Certificate of Designation. 

(i) “Conversion Price” shall initially equal $45.00 per share of Common Stock, and shall be subject to adjustment as set forth
in Section 7. 
 (j) “Conversion Shares” has the meaning set forth in Section 5(a). 

(k) “DGCL” has the meaning set forth in the first paragraph of this Certificate of Designation. 

(l) “Dividend Payment Date” has the meaning set forth in Section 2(b). 

  
 13 

Table of Contents

 (m) “Dividend Record Date” has the meaning set forth in Section 2(b). 

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

(o) “Expiration Time” has the meaning set forth in Section 7(a)(v). 

(p) “Holder” means the Person in whose name a share of Series C Preferred Stock is registered. 

(q) “including” means “including, without limitation”. 

(r) “Initial Public Offering” means, in the event of a Spin-off, the first time securities of the same class or type as the
securities being distributed in the Spin-off are bona fide offered to the public for cash. 
 (s) “Investment Agreement”
means the Investment Agreement, dated as of May 29, 2015, by and among, the Company and the Purchasers set forth on the signature page thereto. 

(t) “Issue Date” has the meaning set forth in Section 1. 

(u) “Junior Stock” has the meaning set forth in Section 1. 

(v) “Liquidation Preference” has the meaning set forth in the second paragraph of this Certificate of Designation. 

(w) “Market Value” means, with respect to any date of determination, the average Closing Sale Price of the Common Stock for a
five consecutive Trading Day period preceding the earlier of (i) the day preceding the date of determination and (ii) the day before the “ex date” with respect to the issuance or distribution requiring such computation. For
purposes of this definition, the term “ex date” when used with respect to any issuance or distribution, means the first date on which the Common Stock trades, regular way, on the over-the-counter “Pink Sheets” market or, if the
Common Stock is listed on a national securities exchange, the principal national securities exchange on which the Common Stock is traded at that time, without the right to receive the issuance or distribution. 

(x) “Meeting End Date” shall mean October 3, 2015. 

(y) “Officer” means the Chairman of the Board, President, Chief Executive Officer, any Vice President, the Chief Financial
Officer, the Chief Accounting Officer, the Treasurer, any Assistant Treasurer, the Controller, any Assistant Controller, the Secretary or any Assistant Secretary of the Company. 

(z) “Officer’s Certificate” means a certificate signed by two Officers. 

(aa) “Opinion of Counsel” means a written opinion from legal counsel who is reasonably acceptable to the Company or the
Transfer Agent. The counsel may be an employee of or counsel to the Company or the Transfer Agent. 

  
 14 

Table of Contents

 (bb) “Parity Stock” has the meaning set forth in Section 1. 

(cc) “Person” means any natural person, corporation, limited liability company, partnership, joint venture, trust, business
association, governmental entity or other entity. 
 (dd) “Purchased Shares” has the meaning set forth in
Section 7(a)(v). 
 (ee) “Reorganization” has the meaning set forth in Section 9(a). 

(ff) “Restricted Common Stock Legend” has the meaning set forth in Section 11(c). 

(gg) “Restricted Stock Legend” means a legend to the following effect: 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE AND THE SECURITIES ISSUABLE UPON CONVERSION THEREOF HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR SECURITIES LAWS OF ANY STATE AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO A REGISTRATION STATEMENT RELATING THERETO IN EFFECT UNDER SUCH ACT AND APPLICABLE STATE
SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT OR SUCH LAWS. 
 (hh) “Securities” has the
meaning set forth in Section 11(a). 
 (ii) “Securities Act” means the Securities Act of 1933, as amended. 

(jj) “Senior Stock” has the meaning set forth in Section 1. 

(kk) “Series A Preferred Stock” means the Series A Convertible Perpetual Preferred Stock of the Company. 

(ll) “Series C Preferred Stock” has the meaning set forth in the first paragraph of this Certificate of Designation. 

(mm) “Spin-off” means a dividend or other distribution of shares of Capital Stock of any class or series, or similar equity
interests, of or relating to a Subsidiary or other business unit of the Company. 
 (nn) “Stockholder Approval” means the
stockholder approval of the proposals to issue Common Stock upon conversion of the Series C Preferred Stock for purposes of Rule 312 of the NYSE Listed Company Manual. 

  
 15 

Table of Contents

 (oo) “Stockholder Approval Date” means the date on which the Stockholder
Approval is obtained. 
 (pp) “Subsidiary” of any Person means any other Person (i) more than 50% of whose outstanding
shares or securities representing the right to vote for the election of directors or other managing authority of such other Person are, now or hereafter, owned or controlled, directly or indirectly, by such first Person, but such other Person shall
be deemed to be a Subsidiary only so long as such ownership or control exists, or (ii) which does not have outstanding shares or securities with such right to vote, as may be the case in a partnership, joint venture or unincorporated
association, but more than 50% of whose ownership interest representing the right to make the decisions for such other Person is, now or hereafter, owned or controlled, directly or indirectly, by such first Person, but such other Person shall be
deemed to be a Subsidiary only so long as such ownership or control exists. 
 (qq) “Substituted Preferred Stock” has the
meaning set forth in the Investment Agreement. 
 (rr) “Trading Day” means a day during which trading in securities
generally occurs on the New York Stock Exchange. 
 (ss) “Transaction” has the meaning set forth in Section 8. 

(tt) “Transfer Agent” means Computershare Trust Company, N.A. unless and until a successor is selected by the Company, and
then such successor. 
 (uu) “Triggering Event” means a specified event the occurrence of which entitles the holders of
rights, options or warrants to exercise such rights, options or warrants. 
 Section 14. Miscellaneous. 

(a) The Liquidation Preference and any dividend rate set forth herein each shall be subject to equitable adjustment whenever there shall occur
a stock split, combination, reclassification or other similar event involving the Series C Preferred Stock. Such adjustments shall be determined in good faith by the Board of Directors (and such determination shall be conclusive) and submitted by
the Board of Directors to the Transfer Agent. 
 (b) For the purposes of Section 7, the number of shares of Common Stock at any time
outstanding shall not include shares held in the treasury of the Company but shall include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock. 

(c) If the Company shall take any action affecting the Common Stock, other than any action described in Section 7, that in the opinion of
the Board of Directors would materially adversely affect the conversion rights of the Holders, then the Conversion Price for the Series C Preferred Stock may be adjusted, to the extent permitted by law, in such manner, and at such time, as the Board
of Directors may determine to be equitable in the circumstances. 

  
 16 

Table of Contents

 (d) The Company covenants that it will at all times reserve and keep available, free from
preemptive rights, out of the aggregate of its authorized but unissued shares of Common Stock for the purpose of effecting conversion of the Series C Preferred Stock, the full number of shares of Common Stock deliverable upon the conversion of all
outstanding shares of Series C Preferred Stock not theretofore converted. For purposes of this Section 14(d), the number of shares of Common Stock that shall be deliverable upon the conversion of all outstanding shares of Series C Preferred
Stock shall be computed as if at the time of computation all such outstanding shares were held by a single Holder. 
 (e) The Company
covenants that any shares of Common Stock issued upon conversion of the Series C Preferred Stock shall be duly and validly issued and fully paid and nonassessable, free from preemptive rights and free from all taxes, liens, charges and security
interests with respect to the issuance thereof, except for transfer restrictions imposed by applicable securities laws and the Investment Agreement. 

(f) The Company shall pay all transfer, stamp and other similar taxes due with respect to the issuance or delivery of shares of Common Stock or
other securities or property upon conversion of the Series C Preferred Stock; provided, however, that the Company shall not be required to pay any tax that may be payable with respect to any transfer involved in the issuance or
delivery of shares of Common Stock or other securities or property in a name other than that of the Holder of the Series C Preferred Stock to be converted, and the Holder shall be responsible for any such tax. 

(g) The Series C Preferred Stock is not entitled to any preemptive or subscription rights in respect of any securities of the Company. 

(h) Whenever possible, each provision hereof shall be interpreted in a manner as to be effective and valid under applicable law, but if any
provision hereof is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating or otherwise adversely affecting the remaining provisions
hereof. If a court of competent jurisdiction should determine that a provision hereof would be valid or enforceable if a period of time were extended or shortened or a particular percentage were increased or decreased, then such court may make such
change as shall be necessary to render the provision in question effective and valid under applicable law. 
 (i) Series C Preferred Stock
may be issued in fractions of a share which shall entitle the Holder, in proportion to such Holder’s fractional shares, to exercise voting rights, receive dividends, participate in distributions and have the benefit of all other rights of
Holders of Series C Preferred Stock. 
 (j) Subject to applicable escheat laws, any monies set aside by the Company in respect of any payment
with respect to shares of the Series C Preferred Stock, or dividends thereon, and unclaimed at the end of two years from the date upon which such payment is due and payable shall revert to the general funds of the Company, after which reversion the
Holders of such shares shall look only to the general funds of the Company for the payment thereof. Any interest accumulated on funds so deposited shall be paid to the Company from time to time. 

  
 17 

Table of Contents

 (k) Except as may otherwise be required by law, the shares of Series C Preferred Stock shall not
have any voting powers, preferences and relative, participating, optional or other special rights, other than those specifically set forth in this Certificate of Designation or the Certificate of Incorporation. 

(l) The headings of the various subdivisions hereof are for convenience of reference only and shall not affect the interpretation of any of the
provisions hereof. 
 (m) If any of the voting powers, preferences and relative, participating, optional and other special rights of the
Series C Preferred Stock and qualifications, limitations and restrictions thereof set forth herein is invalid, unlawful or incapable of being enforced by reason of any rule of law or public policy, all other voting powers, preferences and relative,
participating, optional and other special rights of Series C Preferred Stock and qualifications, limitations and restrictions thereof set forth herein which can be given effect without the invalid, unlawful or unenforceable voting powers,
preferences and relative, participating, optional and other special rights of Series C Preferred Stock and qualifications, limitations and restrictions thereof shall, nevertheless, remain in full force and effect, and no voting powers, preferences
and relative, participating, optional or other special rights of Series C Preferred Stock and qualifications, limitations and restrictions thereof herein set forth shall be deemed dependent upon any other such voting powers, preferences and
relative, participating, optional or other special rights of Series C Preferred Stock and qualifications, limitations and restrictions thereof unless so expressed herein. 

(n) Shares of Series C Preferred Stock that (i) have not been issued on or before the Issue Date or (ii) have been issued and
reacquired in any manner, including shares of Series C Preferred Stock purchased or converted, shall (upon compliance with any applicable provisions of the laws of Delaware) have the status of authorized but unissued shares of preferred stock of the
Company undesignated as to series and may be designated or redesignated and issued or reissued, as the case may be, as part of any series of preferred stock of the Company; provided that any issuance of such shares as Series C Preferred Stock must
be in compliance with the terms hereof. 
 (o) If any of the Series C Preferred Stock certificates shall be mutilated, lost, stolen or
destroyed, the Company shall issue, in exchange and in substitution for and upon cancellation of the mutilated Series C Preferred Stock certificate, or in lieu of and substitution for the Series C Preferred Stock certificate lost, stolen or
destroyed, a new Series C Preferred Stock certificate of like tenor and representing an equivalent amount of shares of Series C Preferred Stock, but only upon receipt of evidence of such loss, theft or destruction of such Series C Preferred Stock
certificate and indemnity, if requested, reasonably satisfactory to the Company and the Transfer Agent. 

  
 18 

Table of Contents

 IN WITNESS WHEREOF, the Company has caused this Certificate of Designation to be duly executed
this 3rd day of June, 2015. 
  

			
	XPO LOGISTICS, INC.
		
	By		 /s/ Gordon E. Devens

			Name: Gordon E. Devens
			Title: Senior Vice President and General Counsel

 [Signature Page to the Series C Preferred Certificate of Designations]EX-4.1

 Exhibit 4.1 
  

 
  

FORTUNE BRANDS HOME & SECURITY, INC. 

and 
 WILMINGTON TRUST, NATIONAL
ASSOCIATION, 
 Trustee 
 and

 CITIBANK, N.A., 
 Securities
Agent 
  
  

INDENTURE 
 Dated as of [●],
2015 
  
  

Debt Securities 
  

 
  

 TABLE OF CONTENTS 
  

							
	 	  	 	  	Page	 
		
	 Parties
	  	 	1	  
		
	 Recitals
	  	 	1	  
		
	 ARTICLE ONE
	  	 	1	  
		
	 Definitions and Other Provisions of General Application
	  	 	1	  
			
	 Section 1.01.
	  	 Definitions
	  	 	1	  
		  	 “this Indenture”, “Articles”, and “Sections”
	  	 	1	  
		  	 “Act”
	  	 	2	  
		  	 “Affiliate”
	  	 	2	  
		  	 “Agent Members”
	  	 	3	  
		  	 “Board of Directors”
	  	 	3	  
		  	 “Board Resolution”
	  	 	3	  
		  	 “Business Day”
	  	 	3	  
		  	 “Clearstream”
	  	 	3	  
		  	 “Commission”
	  	 	3	  
		  	 “Common Stock”
	  	 	3	  
		  	 “Company”
	  	 	3	  
		  	 “Company Request”, “Company Order” and “Company Consent”
	  	 	4	  
		  	 “Conversion Agent”
	  	 	4	  
		  	 “Corporate Trust Office”
	  	 	4	  
		  	 “Defaulted Interest”
	  	 	4	  
		  	 “Depositary”
	  	 	4	  
		  	 “Euroclear”
	  	 	4	  
		  	 “Event of Default”
	  	 	4	  
		  	 “Exchange Date”
	  	 	4	  
		  	 “Exchange Rate Agent”
	  	 	4	  
		  	 “generally accepted accounting principles”
	  	 	5	  
		  	 “Global Security”
	  	 	5	  
		  	 “Government Obligations”
	  	 	5	  
		  	 “Holder” or “Securityholder”
	  	 	5	  
		  	 “interest”
	  	 	5	  
		  	 “Interest Payment Date”
	  	 	5	  
		  	 “mandatory sinking fund payment”
	  	 	6	  
		  	 “Maturity”
	  	 	6	  

  
 i 

							
			 “mortgage”
		 	6	  
			 “Officers’ Certificate”
		 	6	  
			 “Opinion of Counsel”
		 	6	  
			 “optional sinking fund payment”
		 	6	  
			 “Original Issue Discount Security”
		 	6	  
			 “Outstanding”
		 	6	  
			 “Paying Agent”
		 	7	  
			 “Permanent Global Security”
		 	7	  
			 “Person”
		 	7	  
			 “Place of Payment”
		 	7	  
			 “Predecessor Securities”
		 	8	  
			 “Redemption Date”
		 	8	  
			 “Redemption Price”
		 	8	  
			 “Registered Security”
		 	8	  
			 “Regular Record Date”
		 	8	  
			 “Responsible Officer”
		 	8	  
			 “Security” or “Securities”
		 	8	  
			 “Security Register” and “Security Registrar”
		 	8	  
			 “Securities Agent”
		 	8	  
			 “Special Record Date”
		 	9	  
			 “Stated Maturity”
		 	9	  
			 “Subsidiary”
		 	9	  
			 “Temporary Global Security”
		 	9	  
			 “Trust Indenture Act” or “TIA”
		 	9	  
			 “Trustee”
		 	9	  
			 “United States”
		 	9	  
			 “United States Alien”
		 	9	  
			 “Yield to Maturity”
		 	9	  
	 Section 1.02.
		 Compliance Certificates and Opinions
		 	10	  
	 Section 1.03.
		 Form of Documents Delivered to Trustee or the Securities Agent
		 	10	  
	 Section 1.04.
		 Acts of Securityholders
		 	11	  
	 Section 1.05.
		 Notices, etc., to Trustee and Company
		 	13	  
	 Section 1.06.
		 Notices to Securityholders; Waiver
		 	14	  
	 Section 1.07.
		 Conflict with Trust Indenture Act
		 	15	  
	 Section 1.08.
		 Effect of Headings and Table of Contents
		 	15	  
	 Section 1.09.
		 Successors and Assigns
		 	15	  
	 Section 1.10.
		 Separability Clause
		 	15	  
	 Section 1.11.
		 Benefits of Indenture
		 	16	  
	 Section 1.12.
		 Governing Law
		 	16	  
	 Section 1.13.
		 Payments Due on Non-Business Days
		 	16	  

  
 ii 

							
		
	 ARTICLE TWO
		 	16	  
		
	 Forms of Securities
		 	16	  
			
	 Section 2.01.
		 Forms Generally
		 	16	  
	 Section 2.02.
		 Form of Trustee’s Certificate of Authentication
		 	17	  
	 Section 2.03.
		 Global Securities
		 	17	  
		
	 ARTICLE THREE
		 	21	  
		
	 The Securities
		 	21	  
			
	 Section 3.01.
		 Amount Unlimited; Issuable in Series
		 	21	  
	 Section 3.02.
		 Denominations
		 	25	  
	 Section 3.03.
		 Execution, Authentication, Delivery and Dating
		 	25	  
	 Section 3.04.
		 Temporary Securities; Exchange of Temporary Global Securities
		 	28	  
	 Section 3.05.
		 Registration, Registration of Transfer and Exchange
		 	29	  
	 Section 3.06.
		 Mutilated, Destroyed, Lost and Stolen Securities
		 	30	  
	 Section 3.07.
		 Payment of Interest; Interest Rights Preserved
		 	31	  
	 Section 3.08.
		 Persons Deemed Owners
		 	33	  
	 Section 3.09.
		 Cancellation
		 	34	  
	 Section 3.10.
		 CUSIP, CINS and ISIN Numbers
		 	35	  
		
	 ARTICLE FOUR
		 	35	  
		
	 Satisfaction and Discharge
		 	35	  
			
	 Section 4.01.
		 Satisfaction and Discharge of Indenture
		 	35	  
	 Section 4.02.
		 Application of Trust Money
		 	37	  
	 Section 4.03.
		 Defeasance and Discharge of Securities of any Series
		 	38	  
		
	 ARTICLE FIVE
		 	39	  
		
	 Remedies
		 	39	  
			
	 Section 5.01.
		 Events of Default
		 	39	  
	 Section 5.02.
		 Acceleration of Maturity; Rescission and Annulment
		 	41	  
	 Section 5.03.
		 Collection of Indebtedness and Suits for Enforcement by Trustee
		 	42	  
	 Section 5.04.
		 Trustee May File Proofs of Claim
		 	43	  
	 Section 5.05.
		 Trustee May Enforce Claims Without Possession of Securities
		 	44	  
	 Section 5.06.
		 Application of Money Collected
		 	45	  
	 Section 5.07.
		 Limitation on Suits
		 	45	  
	 Section 5.08.
		 Unconditional Right of Securityholders to Receive Principal, Premium and Interest and to Convert Securities
		 	46	  
	 Section 5.09.
		 Restoration of Rights and Remedies
		 	46	  
	 Section 5.10.
		 Rights and Remedies Cumulative
		 	46	  

  
 iii 

							
	 Section 5.11.
		 Delay or Omission Not Waiver
		 	47	  
	 Section 5.12.
		 Control by Securityholders
		 	47	  
	 Section 5.13.
		 Waiver of Past Defaults
		 	47	  
	 Section 5.14.
		 Undertaking for Costs
		 	48	  
	 Section 5.15.
		 Waiver of Stay or Extension Laws
		 	48	  
		
	 ARTICLE SIX
		 	49	  
		
	 The Trustee and the Securities Agent
		 	49	  
			
	 Section 6.01.
		 Certain Duties and Responsibilities
		 	49	  
	 Section 6.02.
		 Notice of Default
		 	51	  
	 Section 6.03.
		 Certain Rights of Trustee and Securities Agent
		 	51	  
	 Section 6.04.
		 Not Responsible for Recitals or Issuance of Securities
		 	55	  
	 Section 6.05.
		 May Hold Securities
		 	55	  
	 Section 6.06.
		 Money Held in Trust
		 	56	  
	 Section 6.07.
		 Compensation and Reimbursement
		 	56	  
	 Section 6.08.
		 Disqualification; Conflicting Interests
		 	57	  
	 Section 6.09.
		 Corporate Trustee Required; Eligibility
		 	57	  
	 Section 6.10.
		 Resignation and Removal; Appointment of Successor
		 	57	  
	 Section 6.11.
		 Acceptance of Appointment by Successor
		 	59	  
	 Section 6.12.
		 Merger, Conversion, Consolidation or Succession to Business of Trustee or Securities Agent
		 	61	  
	 Section 6.13.
		 Preferential Collection of Claims Against Company
		 	61	  
		
	 ARTICLE SEVEN
		 	62	  
		
	 Securityholders’ Lists and Reports by Securities Agent and Company
		 	62	  
			
	 Section 7.01.
		 Company to Furnish Trustee and Securities Agent Names and Addresses of Securityholders
		 	62	  
	 Section 7.02.
		 Preservation of Information; Communications to Securityholders
		 	63	  
	 Section 7.03.
		 Reports by Trustee
		 	64	  
	 Section 7.04.
		 Reports by Company
		 	65	  
		
	 ARTICLE EIGHT
		 	66	  
		
	 Consolidation, Merger, Conveyance or Transfer
		 	66	  
			
	 Section 8.01.
		 Company May Consolidate, etc., Only on Certain Terms
		 	66	  
	 Section 8.02.
		 Successor Corporation Substituted
		 	66	  

  
 iv 

							
		
	 ARTICLE NINE
		 	67	  
		
	 Supplemental Indentures
		 	67	  
			
	 Section 9.01.
		 Supplemental Indentures Without Consent of Securityholders
		 	67	  
	 Section 9.02.
		 Supplemental Indentures With Consent of Securityholders
		 	69	  
	 Section 9.03.
		 Execution of Supplemental Indentures
		 	70	  
	 Section 9.04.
		 Effect of Supplemental Indentures
		 	70	  
	 Section 9.05.
		 Conformity with Trust Indenture Act
		 	70	  
	 Section 9.06.
		 Reference in Securities to Supplemental Indentures
		 	71	  
		
	 ARTICLE TEN
		 	71	  
		
	 Covenants
		 	71	  
			
	 Section 10.01.
		 Payment of Principal, Premium and Interest
		 	71	  
	 Section 10.02.
		 Maintenance of Office or Agency
		 	71	  
	 Section 10.03.
		 Money for Securities Payments to be Held in Trust
		 	72	  
	 Section 10.04.
		 Statement as to Compliance
		 	74	  
	 Section 10.05.
		 Assumption of Obligations in Connection with Mergers and Acquisitions
		 	74	  
	 Section 10.06.
		 Defeasance of Certain Obligations
		 	75	  
	 Section 10.07.
		 Additional Amounts
		 	76	  
	 Section 10.08.
		 Waiver of Covenants
		 	77	  
		
	 ARTICLE ELEVEN
		 	77	  
		
	 Redemption of Securities
		 	77	  
			
	 Section 11.01.
		 Applicability of Article
		 	77	  
	 Section 11.02.
		 Election to Redeem; Notice to Trustee and Securities Agent
		 	77	  
	 Section 11.03.
		 Selection by Securities Agent of Securities to be Redeemed
		 	78	  
	 Section 11.04.
		 Notice of Redemption
		 	78	  
	 Section 11.05.
		 Deposit of Redemption Price
		 	79	  
	 Section 11.06.
		 Securities Payable on Redemption Date
		 	80	  
	 Section 11.07.
		 Securities Redeemed in Part
		 	80	  
		
	 ARTICLE TWELVE
		 	81	  
		
	 Sinking Funds
		 	81	  
			
	 Section 12.01.
		 Applicability of Article
		 	81	  
	 Section 12.02.
		 Satisfaction of Sinking Fund Payments with Securities
		 	81	  
	 Section 12.03.
		 Redemption of Securities for Sinking Fund
		 	82	  
		
	 ARTICLE THIRTEEN
		 	82	  
		
	 Meetings of Holders of Securities
		 	82	  
			
	 Section 13.01.
		 Purposes for Which Meetings May Be Called
		 	82	  

  
 v 

							
	 Section 13.02.
		 Call, Notice and Place of Meetings
		 	82	  
	 Section 13.03.
		 Persons Entitled to Vote at Meetings
		 	83	  
	 Section 13.04.
		 Quorum; Action
		 	83	  
	 Section 13.05.
		 Determination of Voting Rights; Conduct and Adjournment of Meetings
		 	84	  
	 Section 13.06.
		 Counting Votes and Recording Action of Meetings
		 	85	  
	 Section 13.07.
		 Action Without a Meeting
		 	86	  
		
	 ARTICLE FOURTEEN
		 	86	  
		
	 Immunity of Incorporators, Stockholders, Officers and Directors
		 	86	  
			
	 Section 14.01.
		 Exemption from Individual Liability
		 	86	  
		
	 ARTICLE FIFTEEN
		 	87	  
		
	 Conversion
		 	87	  
			
	 Section 15.01.
		 Conversion of Securities
		 	87	  

  
 vi 

 TABLE SHOWING REFLECTION IN THE INDENTURE OF CERTAIN 

PROVISIONS OF TRUST INDENTURE ACT OF 1939* 
  

					
	 TIA
	  	 Section
	  	 Page

			
	 §310(a)(1)
	  	 6.09
	  	58
	 (a)(2)
	  	 6.09
	  	58
	 (a)(3)
	  	 Not Applicable
	  	
	 (a)(4)
	  	 Not Applicable
	  	
	 (a)(5)
	  	 Not Applicable
	  	
	 (b)
	  	 6.08
	  	58
	 § 311(a)
	  	 6.13
	  	61
	 (b)
	  	 6.13
	  	61
	 § 312(a)
	  	 7.01
	  	62
		  	 7.02(a)
	  	63
	 (b)
	  	 7.02(b)
	  	63
	 (c)
	  	 7.02(c)
	  	64
	 § 313(a)
	  	 7.03
	  	64
	 (b)
	  	 7.03
	  	64
	 (c)
	  	 7.03
	  	64
	 (d)
	  	 7.03
	  	64
	 § 314(a)
	  	 7.04
	  	65
		  	 10.04
	  	74
	 (b)
	  	 Not Applicable
	  	
	 (c)(1)
	  	 1.02
	  	10
	 (c)(2)
	  	 1.02
	  	10
	 (c)(3)
	  	 Not Applicable
	  	
	 (d)
	  	 Not Applicable
	  	
	 (e)
	  	 1.02
	  	10

  

	*	This table is not part of the Indenture. 

  
 vii 

 TABLE SHOWING REFLECTION OF TIA 

 

					
	 TIA
	  	 Section
	  	 Page

			
	 § 315(a)
	  	 6.01(a)
	  	49
		  	 6.01(c)
	  	49
	 (b)
	  	 6.02
	  	51
		  	 7.03
	  	64
	 (c)
	  	 6.01(b)
	  	49
	 (d)
	  	 6.01
	  	49
	 (d)(1)
	  	 6.01(a)
	  	49
	 (d)(2)
	  	 6.01(c)(2)
	  	49
	 (d)(3)
	  	 6.01(c)(3)
	  	49
	 (e)
	  	 5.14
	  	48
	 § 316(a)
	  	 1.01
	  	1
	 (a)(1)(A)
	  	 5.02
	  	41
		  	 5.12
	  	47
	 (a)(1)(B)
	  	 5.13
	  	47
	 (a)(2)
	  	 Not Applicable
	  	
	 (b)
	  	 5.08
	  	46
	 (c)
	  	 1.04(g)
	  	11
	 § 317(a)(1)
	  	 5.03
	  	42
	 (a)(2)
	  	 5.04
	  	43
	 (b)
	  	 10.03
	  	72
	 § 318(a)
	  	 1.07
	  	15

  
 viii 

 INDENTURE dated as of [●] between FORTUNE BRANDS HOME & SECURITY, INC., a Delaware
corporation (hereinafter called the “Company”) having its principal office at 520 Lake Cook Road, Deerfield, IL 60015, WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association (hereinafter called the
“Trustee”) having a corporate trust office at Rodney Square North, 1100 N. Market Street Wilmington, DE 19890 and CITIBANK, N.A., a national banking association (hereinafter called the “Securities Agent”) having a
corporate trust office at 388 Greenwich Street, 14th Floor, New York, NY 10013. 
 WHEREAS, the Company has duly authorized the issuance
from time to time of its unsecured debentures, notes or other evidences of indebtedness to be issued in one or more series (hereinafter called 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 to provide therefor the Company has duly authorized the execution and delivery of this Indenture; and 

WHEREAS, all things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done; 

NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase of the Securities by the Holders (as defined below) thereof, it is mutually
covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities, as follows: 
 ARTICLE ONE 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
  

	 	SECTION 1.01.	Definitions. 

 For all purposes of this Indenture, except as otherwise expressly provided
or unless the context otherwise requires: 
 (1) the term “this Indenture” means this instrument as originally
executed or as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the forms and terms of particular series of Securities
established as contemplated hereunder; 
 (2) all references in this Indenture to designated “Articles”,
“Sections” and other subdivisions are to the designated Articles, Sections and other subdivisions of this Indenture as originally executed. The words “herein”, “hereof” and “hereunder” and other words of
similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; 

 (3) the terms defined in this Article have the meanings assigned to them in this
Article and include the plural as well as the singular; 
 (4) all other terms used herein which are defined in the Trust
Indenture Act, either directly or by reference therein, have the meanings assigned to them therein; 
 (5) all accounting
terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles; 

(6) certain terms are defined in certain other Articles hereof; 

(7) “including” means, where not already so indicated, “including without limitation”; 

(8) provisions apply to successive events and transactions; 

(9) the term “merger” includes a statutory share exchange and the terms “merge” and “merged” have
correlative meanings; 
 (10) the masculine gender includes the feminine and the neuter; 

(11) references to agreements and other instruments include subsequent amendments and supplements thereto; and 

(12) Unless otherwise stated in this Indenture, in the computation of a period of time from a specified date to a later
specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding”. 

“Act”, when used with respect to any Securityholder, has the meaning specified in Section 1.04. 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person. For the purposes of this definition, “control”, when used with respect to any specified Person, means the power to direct the management and policies of such Person, directly or
indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

  
 2 

 “Agent Members” has the meaning set forth in Section 2.03(f). 

“Board of Directors” means the Board of Directors of the Company, the Executive Committee of such Board of Directors or any
other committee of such Board of Directors duly authorized to act for it hereunder. 
 “Board Resolution” means a copy
of a resolution certified by the Secretary or an Assistant Secretary of the Company as having been duly adopted by the Board of Directors of the Company, or by the Secretary or an Assistant Secretary of the Company or the Secretary of the Executive
Committee of such Board of Directors as having been duly adopted by such Executive Committee, or by the Secretary or an Assistant Secretary of the Company or the Secretary of any other committee of directors or officers (or both) duly authorized by
the Board of Directors to act for it or the Company hereunder as having been duly adopted by such other committee and, in each case, to be in full force and effect on the date of such certification, delivered to the Trustee and Securities Agent.

 “Business Day”, when used with respect to the Securities of any series, has the meaning specified with respect to the
Securities of such series as contemplated by Section 3.01; except that, if no such meaning is so specified, (i) when used with respect to any of the Places of Payment as to any Security of such series or with respect to any payment
in respect of such Security, means a day that in each of the Places of Payment as to such Security is neither a Saturday or Sunday nor a day on which banking institutions are authorized or required by law or regulation to remain closed, and
(ii) otherwise means a day that in the place where any specified act pursuant to this Indenture is to occur is neither a Saturday or Sunday nor a day on which banking institutions are authorized or required by law or regulation to remain closed
in The City of New York. 
 “Clearstream” means Clearstream Banking, S.A. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the
Securities Exchange Act of 1934, as amended, or if at any time after the execution 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 at
such time. 
 “Common Stock” means the Common Stock of the Company. 

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

  
 3 

 “Company Request”, “Company Order” and “Company
Consent” mean, respectively, a written request, order or consent signed in the name of the Company by the Chairman of the Board, any Vice Chairman, the President, the principal financial officer, the general counsel, a Vice President,
the Treasurer or an Assistant Treasurer of the Company, and by the principal accounting officer, the Controller, an Assistant Controller, the Secretary or an Assistant Secretary of the Company, and delivered to the Trustee and/or the Securities
Agent, as applicable. 
 “Conversion Agent” has the meaning set forth in Section 15.01(b). 

“Corporate Trust Office” means (i) solely for purpose of the transfer, surrender, exchange or presentation of Securities
for final payment, 480 Washington Boulevard, 30th Floor, Jersey City, New Jersey 07310, Attention: Citibank Agency & Trust, Fortune Brands Home & Security, Inc., and (ii) for all other purposes, 388 Greenwich Street, 14th
Floor, New York, NY 10013, Attention: Citibank Agency & Trust, Fortune Brands Home & Security, Inc. 
 “Defaulted
Interest” has the meaning set forth in Section 3.07. 
 “Depositary” means, with respect to the
Securities of any series issuable or issued in the form of a Global Security, the Person designated as Depositary by the Company pursuant to Section 3.01 with respect to any Securities of such series until a successor Depositary shall
have become such as provided pursuant to the applicable provisions of this Indenture, and thereafter “Depositary” shall mean or include each Person which is then a Depositary hereunder with respect to any Securities of such series. If at
any time there is more than one such Person which is then a Depositary with respect to the Securities of any series, “Depositary” as used with respect to any Securities of such series shall mean each Person which is then a Depositary with
respect to such Securities. 
 “Euroclear” means Euroclear Bank S.A./N.V., as operator of the Euroclear system. 

“Event of Default” has the meaning specified in Article Five. 

“Exchange Date” has the meaning set forth in Section 3.04(c). 

“Exchange Rate Agent” means, with respect to Securities of or within any series, unless otherwise specified with respect to
any Securities pursuant to Section 3.01, a New York Clearing House bank, designated pursuant to Section 3.01. 

  
 4 

 “generally accepted accounting principles” with respect to any computation
required or permitted hereunder means such accounting principles which are generally accepted at the date or time of such computation. 

“Global Security” means, with respect to any series of Securities issued hereunder, a Security executed by the Company
and authenticated and delivered by the Securities Agent in accordance with a Company Order pursuant to Section 3.03, which shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, all of the
Outstanding Securities of such series or a portion thereof having the same terms, including, without limitation, the same date or dates on which principal is due, the same interest rate or method of determining interest and, in the case of Original
Issue Discount Securities, the same issue price (except that such Outstanding Securities of such series or portion thereof need not have the same issue date), and which shall be a Temporary Global Security or a Permanent Global Security. 

“Government Obligations” means obligations which are (i) direct obligations of the sovereign government in the
currency of which Securities of the relevant series are payable, or (ii) obligations of any Person controlled or supervised by and acting as an instrumentality of such sovereign government the payment of which is unconditionally guaranteed by
such sovereign government, and which, in the case of either (i) or (ii), are full faith and credit obligations of such sovereign government, are payable in such currency and are not, by their terms, callable or redeemable at the option of the
issuer or issuers thereof, and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of or other amount with respect to
any such Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the
holder of such depository receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of or other amount with respect to the Government Obligation evidenced by such
depository receipt. 
 “Holder” or “Securityholder”, when used with respect to any Security
(including a Global Security), means the Person in whose name such Security is registered on the Security Register. 

“interest”, when used with respect to non-interest bearing Securities, means interest payable after Maturity. 

“Interest Payment Date”, when used with respect to any Security, means the Stated Maturity of an installment of interest on
such Security. 

  
 5 

 “mandatory sinking fund payment” has the meaning set forth in
Section 12.01. 
 “Maturity”, when used with respect to any Security, means the date on which the principal of
such Security becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption, repayment at the option of the Holder or otherwise. 

“mortgage” means any mortgage, pledge or security interest. 

“Officers’ Certificate” means a certificate signed by the Chairman of the Board, any Vice Chairman, the President,
the principal financial officer, the general counsel, a Vice President, the Treasurer or an Assistant Treasurer of the Company, and by the principal accounting officer, the Controller, an Assistant Controller, the Secretary or an Assistant Secretary
of the Company, and delivered to the Trustee and/or the Securities Agent, as applicable. 
 “Opinion of Counsel” means
a written opinion of counsel, who may (except as otherwise expressly provided in this Indenture) be counsel for the Company. 

“optional sinking fund payment” has the meaning set forth in Section 12.01. 

“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 5.02. 

“Outstanding”, when used with respect to the Securities of any series, means, as of the date of determination, all Securities
of such series theretofore executed, authenticated and delivered under this Indenture, except: 
 (i) Securities of
such series theretofore canceled by the Securities Agent or delivered to the Securities Agent for cancellation; 
 (ii)
Securities of such series for whose payment at the Maturity thereof or redemption money in the necessary amount and in the required currency or composite currency has been theretofore deposited with the Securities Agent or any Paying Agent (other
than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Securities, provided that, if such Securities are to be redeemed, notice of such
redemption has been duly given pursuant to this Indenture; 
 (iii) Securities of such series which have been paid pursuant
to Section 3.06 or in exchange for or in lieu of which other Securities of the same series have been executed, authenticated and delivered pursuant to this Indenture other than any such Securities in respect of which there shall have
been presented to the Securities Agent proof satisfactory to it that such Securities are held by a bona fide purchaser in whose hands such Securities are valid obligations of the Company; 

  
 6 

 provided, however, that in determining whether the Holders of the requisite principal amount of
Outstanding Securities of any series have given any request, demand, authorization, direction, notice, consent or waiver hereunder, (a) 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 acceleration of the Maturity thereof pursuant to Section 5.02, and (b) Securities of such series owned by
the Company or any other obligor upon such Securities or any Affiliate of the Company or such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee and/or the Securities Agent, as
applicable, shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities of such series which a Responsible Officer of the Trustee and/or the Securities Agent, as applicable, knows
to be so owned shall be so disregarded. Securities of such series so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee and/or the Securities Agent, as applicable,
the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon such Securities or any Affiliate of the Company or such other obligor. 

“Paying Agent” means any Person (including the Company acting as Paying Agent) authorized by the Company to pay the
principal of (or premium, if any) or interest, if any, on Securities of any series on behalf of the Company. 
 “Permanent Global
Security” means a permanent Global Security representing Securities of a series or a portion thereof. 

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

“Place of Payment”, when used with respect to Securities of any series, means the place or places established as such with
respect to the Securities of such series pursuant to Section 3.01. 

  
 7 

 “Predecessor Securities” of any particular Security means every previous
Security evidencing all or a portion of the same debt as that evidenced by such particular Security, and, for the purposes of this definition, any Security authenticated and delivered under Section 3.06 in exchange for or in lieu of a
mutilated, lost, destroyed or stolen Security shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Security. 

“Redemption Date”, when used with respect to any Security to be redeemed, means the date fixed for such redemption pursuant
to this Indenture. 
 “Redemption Price”, when used with respect to any Security to be redeemed, means the price at which
it is to be redeemed pursuant to this Indenture. 
 “Registered Security” means any Security registered on the
Security Register. 
 “Regular Record Date” for the interest payable on any Interest Payment Date on the Registered
Securities of or within any series means the date specified for that purpose as provided in Section 3.01. 

“Responsible Officer” when used with respect to the Trustee or the Securities Agent means the Chairman or Vice Chairman
of the board of directors, the Chairman or Vice Chairman of the executive committee of the board of directors, the Chairman of the trust committee, the President, any Vice President (however titled), the Secretary, any Assistant Secretary or any
Trust Officer, or any other officer or assistant officer of the Trustee or the Securities Agent, as applicable, customarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a
particular corporate trust matter, any other officer to whom such matter is referred because of such Person’s knowledge of and familiarity with the particular subject, in each case having direct responsibility for the administration of this
Agreement. 
 “Security” or “Securities” has the meaning stated in the first recital of this
Indenture and more particularly means any Securities executed, authenticated and delivered under this Indenture. 
 “Security
Register” and “Security Registrar” have the respective meanings specified in Section 3.05. 

“Securities Agent” means the Person named as Securities Agent in the first paragraph of this Indenture and, subject to
the provisions of Article Six, shall also include its successors and assigns. 

  
 8 

 “Special Record Date” for the payment of any Defaulted Interest on the
Registered Securities of or within any series means the date fixed by the Securities Agent pursuant to Section 3.07. 

“Stated Maturity”, when used with respect to any Security or any installment of principal thereof or interest thereon, means
the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable. 

“Subsidiary” means any corporation of which the Company, or the Company and one or more Subsidiaries, or any one or more
Subsidiaries, directly or indirectly own outstanding shares of capital stock having voting power sufficient to elect, under ordinary circumstances (not dependent upon the happening of a contingency), a majority of the directors. 

“Temporary Global Security” means a Temporary Global Security representing Securities of a series or a portion thereof.

 “Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939, as amended, as in force
at the date as of which this Indenture was executed, except as otherwise provided in Section 9.05. 

“Trustee” means the Person named as the “Trustee” in the first paragraph of this Indenture and, subject
to the provisions of Article Six, shall also include its successors and assigns. 
 “United States” means the
United States of America (including the District of Columbia) and its territories and possessions and other areas subject to its jurisdiction. 

“United States Alien” means any Person who, for United States federal income tax purposes, is a foreign corporation, a
non-resident alien individual, a non-resident alien fiduciary of a foreign estate or trust, or a foreign partnership one or more of the members of which is, for United States federal income tax purposes, a foreign corporation, a non-resident alien
individual or a non-resident alien fiduciary of a foreign estate or trust. 
 “Yield to Maturity”, when used with respect
to an Original Issue Discount Security, means the yield to Maturity on such Security calculated at the time of issuance thereof, or, if applicable, at the most recent redetermination of interest on such Security, and calculated in accordance with
either the constant interest method or such other accepted financial practice as is specified in the terms of such Security established pursuant to Section 3.01. 

  
 9 

	 	SECTION 1.02.	Compliance Certificates and Opinions. 

 Upon any application or request by the Company to
the Trustee or the Securities Agent to take any action under any provision of this Indenture, the Company shall furnish to the Trustee or the Securities Agent, as applicable, an Officers’ Certificate stating that all conditions precedent, if
any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case
of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished.

 Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 

(1) a statement that each individual signing such certificate or opinion has read such covenant or condition and the
definitions herein relating thereto; 
 (2) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement that, in the
opinion of each such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(4) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 

 

	 	SECTION 1.03.	Form of Documents Delivered to Trustee or the Securities Agent. 

 In any case where
several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or
covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or
several documents. 

  
 10 

 Any certificate of an officer of the Company may be based, insofar as it relates to legal
matters, upon an opinion of, or representations by, counsel, or, insofar as it relates to accounting matters, upon a certificate or opinion of, or representations by, independent public accountants, unless such officer knows, or in the exercise of
reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which such Person’s certificate is based are erroneous. Any opinion of an officer of the Company or Opinion of Counsel may be
based, insofar as it relates to factual matters, upon a certificate of, or representations by, an officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the Company, unless such
counsel knows, or in the exercise of reasonable care should know, that the certificate or representations with respect to such matters are erroneous. 

Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or
other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
  

	 	SECTION 1.04.	Acts of Securityholders. 

 (i) Any request, demand, authorization, direction, notice,
consent, waiver or other action provided by this Indenture to be made, given or taken by the Holders of Securities of any series may be embodied in and evidenced by (i) one or more instruments of substantially similar tenor signed by such
Holders in person or by agent duly appointed in writing, or (ii) the record of Holders of such series voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Holders of such series duly called and
held in accordance with the provisions of Article Thirteen, or (iii) a combination of such instrument or instruments and any such record. Except as herein otherwise expressly provided, such action shall become effective with respect to
such series when such instrument or instruments or record or both are delivered to the Trustee or the Securities Agent, as applicable, and, where it is hereby expressly required, to the Company. Such instrument or instruments and any such record
(and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders of such series signing such instrument or instruments or so voting at any such meeting. Proof of execution of any
such instrument or of a writing appointing any such agent, or of the holding of any Security of such series, shall be sufficient for any purpose of this Indenture and (subject to Section 6.01) conclusive with respect to such series in
favor of the Trustee, the Securities Agent and the Company, and any agent of the Trustee, Securities Agent and the Company, if made in the manner provided in this Section. 

(ii) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such
execution or by 

  
 11 

 
a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the
execution thereof. Where such execution is by a signer acting in a capacity other than such Person’s individual capacity, such certificate or affidavit shall also constitute sufficient proof of authority. The fact and date of the execution of
any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee or the Securities Agent, as applicable, deems sufficient. 

(iii) The ownership of Registered Securities of any series by any Person shall be proved by the Security Register or by a certificate of the
Security Registrar. 
 (iv) The Trustee or the Securities Agent, as applicable, may require such additional proof of any matter referred to
in this Section as it shall deem necessary. 
 (v) Any request, demand, authorization, direction, notice, consent, waiver or other action by
the Holder of any Security shall bind every subsequent Holder of the same Security, and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of anything done or suffered
or omitted to be done by the Trustee, the Securities Agent, the Security Registrar, any Paying Agent or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 

(vi) If the Company shall solicit from the Holders of Registered Securities any request, demand, authorization, direction, notice, consent,
waiver or other Act, the Company may, at its option, in or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or
other Act, but the Company shall have no obligation to do so. Any such record date specified in or pursuant to such Board Resolution shall be a date not earlier than the date thirty (30) days prior to the first solicitation of Holders generally
in connection therewith and not later than the date such solicitation is completed. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date,
but only the Holders of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Outstanding Securities have authorized or agreed or consented to
such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the Outstanding Securities shall be computed as of such record date; provided, that no such authorization, agreement, consent, waiver
or other Act by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than one hundred and eighty (180) days after the record date. 

  
 12 

 (vii) Without limiting the generality of this Section 1.04, unless otherwise provided
in or pursuant to this Indenture, a Holder, including a Depositary that is a Holder of a Global Security, may make, give or take, by a proxy, or proxies, duly appointed in writing, any request, demand, authorization, direction, notice, consent,
waiver or other Act provided in or pursuant to this Indenture to be made, given or taken by Holders, and a Depositary that is a Holder of a Global Security may provide its proxy or proxies to the beneficial owners of interests in any such Global
Security through such Depositary’s standing instructions and customary practices. 
 (viii) Subject to Section 1.04(g), the
Trustee or the Securities Agent, as applicable, may fix a record date for the purpose of determining the Persons who are beneficial owners of interest in any permanent Global Security held by a Depositary entitled under the procedures of such
Depositary to make, give or take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other Act provided in or pursuant to this Indenture to be made, given or taken by Holders.
If such a record date is fixed, the Holders on such record date or their duly appointed proxy or proxies, and only such Persons, shall be entitled to make, give or take such request, demand, authorization, direction, notice, consent, waiver or other
Act, whether or not such Holders remain Holders after such record date. No such request, demand, authorization, direction, notice, consent, waiver or other Act shall be valid or effective if made, given or taken more than one hundred and eighty
(180) days after such record date. 
  

	 	SECTION 1.05.	Notices, etc., to Trustee, the Securities Agent and Company. 

 Any request, demand,
authorization, direction, notice, consent, waiver or Act of Securityholders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with, 

(1) the Trustee or the Securities Agent, as applicable, by any Securityholder or by the Company shall be sufficient for every
purpose hereunder only if made, given, furnished or filed in writing to or with the Trustee or the Securities Agent, as applicable, at its principal corporate trust office, or 

(2) the Company by the Trustee, the Securities Agent or by any Securityholder shall be sufficient for every purpose hereunder
if in writing and mailed, first-class, postage prepaid, to the Company addressed to it at the address of its principal office specified in the first paragraph of this Indenture or at any other address previously furnished in writing to the Trustee
or the Securities Agent, as applicable, by the Company. 

  
 13 

 Each of the Trustee and the Securities Agent agrees to accept and act upon instructions or
directions pursuant to this Indenture sent by unsecured e-mail, telecopier or other similar unsecured electronic methods; provided, however, that (a) any person providing such instructions or directions shall provide to the
Trustee or the Securities Agent, as applicable, an incumbency certificate listing persons designated to provide such instructions or directions (including the email addresses of such persons), which incumbency certificate shall be amended whenever a
person is added or deleted from the listing, (b) the party providing such electronic instructions or directions, subsequent to the transmission thereof, shall provide the originally executed instructions or directions to the Trustee or the
Securities Agent, as applicable, in a timely manner and (c) such originally executed instructions or directions shall be signed by an authorized representative of the party providing such instructions or directions. Neither the Trustee nor the
Securities Agent shall be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s or the Securities Agent’s reliance upon and compliance with such instructions or directions notwithstanding such
instructions or directions conflict or are inconsistent with a subsequent written instruction or direction or if the subsequent written instruction or direction is never received. If such person elects to give the Trustee or the Securities Agent
email (of .pdf or similar files) or facsimile instructions (or instructions by a similar electronic method) and the Trustee or the Securities Agent in its sole discretion elects to act upon such instructions, the Trustee’s or the Securities
Agent’s reasonable understanding of such instructions shall be deemed controlling. The party providing instructions or directions by unsecured e-mail, telecopier or other similar unsecured electronic methods agrees to assume all risks arising
out of the use of such electronic methods to submit instructions and directions to the Trustee or the Securities Agent, including without limitation the risk of the Trustee or the Securities Agent acting on unauthorized instructions, and the risk of
interception and misuse by third parties. 
  

	 	SECTION 1.06.	Notices to Securityholders; Waiver. 

 Where this Indenture provides for notice to
Securityholders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) to Holders of Registered Securities, if in writing and mailed, first-class, postage prepaid, to each Holder of a Registered Security
affected by such event, at such Holder’s address as it appears on the Security Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In the case of any Holder of Registered
Securities which is a Depositary, any such notice may also be given in accordance with the Depositary’s standing instructions and customary practices for the receipt of such notices. 

In any case where notice to Holders of Registered Securities is given by mail, neither the failure to mail such notice, nor any defect in any
notice so mailed, to any particular Holder of a Registered Security shall affect the sufficiency of such notice with 

  
 14 

 
respect to other Holders of Registered Securities. Any notice mailed to a Holder in the manner prescribed herein shall be deemed to have been given to such Holder whether or not received by such
Holder. In case, by reason of the suspension of regular mail service, or by reason of any other cause, it shall be impossible or impracticable to give any notice to Holders of Registered Securities by mail, then such notification as shall be made
with the approval of the Securities Agent shall constitute sufficient notification to Holders for every purpose hereunder. 
 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
Securityholders shall be filed with the Trustee or the Securities Agent, as applicable, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

 

	 	SECTION 1.07.	Conflict with Trust Indenture Act. 

 If any provision of this Indenture limits, qualifies
or conflicts with another provision hereof which is required or deemed to be included in this Indenture by any of the provisions of the TIA, such required provision shall control. If any provision hereof modifies or excludes any provision of the
Trust Indenture Act which may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or to be excluded, as the case may be. 

 

	 	SECTION 1.08.	Effect of Headings and Table of Contents. 

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

	 	SECTION 1.09.	Successors and Assigns. 

 All covenants and agreements in this Indenture by the Company
shall bind its successors and assigns, whether so expressed or not. 
  

	 	SECTION 1.10.	Separability Clause. 

 In case any provision in this Indenture or in the Securities of
any series shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

  
 15 

	 	SECTION 1.11.	Benefits of Indenture. 

 Nothing in this Indenture or in the Securities, express or
implied, shall give to any Person, other than the parties hereto, the Security Registrar and any Paying Agent, and their successors hereunder, and the Holders of Securities, any benefit or any legal or equitable right, remedy or claim under this
Indenture. 
  

	 	SECTION 1.12.	Governing Law. 

 This Indenture and the Securities shall be governed by and construed in
accordance with the internal laws of the State of New York, without regard to its conflicts of law principles (other than Section 5-1401 of the General Obligations Law of the State of New York, which shall apply). This Indenture is subject to
the provisions of the Trust Indenture Act that are required to be part of this Indenture and shall, to the extent applicable, be governed by such provisions. 
  

	 	SECTION 1.13.	Payments Due on Non-Business Days. 

 If any Stated Maturity, Redemption Date, Interest
Payment Date or other day on which payment of any principal, premium or interest is required to be made in respect of a Security of any series shall not be a Business Day with respect to the Securities of such series, then (notwithstanding any other
provision of this Indenture or of such Security) payment of the principal (and premium, if any) and interest, if any, otherwise due in respect of such Security need not be made at such Stated Maturity or on such Redemption Date, Interest Payment
Date or other day, as the case may be, but may be made on the next succeeding Business Day with the same force and effect as if made at such Stated Maturity or on such Redemption Date, Interest Payment Date or other day, as the case may be, and no
interest shall accrue for the period from and after such Stated Maturity, Redemption Date, Interest Payment Date or other day, as the case may be. 

ARTICLE TWO 
 FORMS OF SECURITIES

  

	 	SECTION 2.01.	Forms Generally. 

 The Securities of each series shall be issued as Registered Securities
and shall be substantially in such form or forms (not inconsistent with this Indenture) as shall be established in or pursuant to a Board Resolution (and set forth in a Board Resolution or, to the extent established pursuant to rather than set forth
in such Board Resolution, in an Officers’ Certificate as to such establishment) or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, 

  
 16 

 
substitutions and other variations as are required or permitted by this Indenture or any indenture supplemental hereto, and, may have such letters, numbers or other marks of identification and
such legends or endorsements placed thereon as may be required to comply with any law or with any rules or regulations pursuant thereto, or with the rules of any securities exchange or to conform to usage, as may, consistently herewith, be
determined by the officers executing such Securities, as evidenced by their execution of such Securities. The form of any Registered Security which is a Global Security shall be as provided in the preceding sentence. 

Registered Securities of a series may, to the extent specified with respect to the Securities of such series, as contemplated by
Section 3.01, be issued as Global Securities. 
 The definitive Securities shall be printed, lithographed or engraved or
produced by any combination of these methods or may be produced in any other manner, all as determined by the officers executing such Securities, as evidenced by their execution of such Securities. 

 

	 	SECTION 2.02.	Form of Securities Agent’s Certificate of Authentication. 

 The Securities
Agent’s Certificate of Authentication on all Securities shall be in substantially the following form: 
 “This is one of the
Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	Citibank, N.A., not in its individual capacity but solely as Securities Agent
		
	By		  

			Authorized Officer”

  

	 	SECTION 2.03.	Global Securities. 

 If the Securities of or within a series are issuable as a Global
Security, the provisions of this Section 2.03 shall apply, except as otherwise provided pursuant to any Board Resolution establishing the terms of the Securities of such series pursuant to Section 3.01. 

(a) So long as the Securities are eligible for book-entry settlement with the Depositary, or unless otherwise required by law, or otherwise
provided pursuant to 

  
 17 

 
Section 3.01, the Securities will be represented by one or more Global Securities. Each Global Security authenticated under this Indenture shall be registered in the name of the
Depositary or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefor. The Company, the Securities Agent, the Trustee and any agent of the Company, the Securities Agent and the Trustee shall treat, for all
purposes whatsoever, the Depositary or its nominee as the Holder of such Global Security. Any Global Security shall represent such of the Outstanding Securities as shall be specified therein and shall provide that it shall represent the aggregate
amount of Outstanding Securities from time to time endorsed thereon and that the aggregate amount of Outstanding Securities represented thereby may from time to time be increased or reduced to reflect redemptions, repurchases, conversions, transfers
or exchanges permitted hereby. 
 (b) Unless otherwise specified pursuant to Section 3.01, payment of principal of and any
premium and interest on any Global Security shall be made by wire transfer to the Depositary therefor or pursuant to such other procedures as shall be prescribed by such Depositary. 

(c) Unless otherwise specified pursuant to Section 3.01, the transfer and exchange of beneficial interests in any such Global
Security shall be effected through the Depositary in accordance with this Indenture and the applicable procedures of the Depositary. Except as provided in this Section, beneficial owners of a Global Security shall not be entitled to have
certificates registered in their names, will not receive or be entitled to receive delivery of Securities in physical certificated form and will not be considered Holders of such Global Security. 

(d) Unless otherwise specified pursuant to Section 3.01, or as provided in Section 2.03(e), a Global Security may not
be exchanged in whole or in part for Registered Securities in certificated form, and no transfer of a Global Security in whole or in part may be registered, provided that a Global Security may be exchanged for Registered Securities, and a transfer
of a Global Security may be registered, in the name of any Person designated by the Depositary (i) in the event that the Depositary (x) has notified the Company that it is unwilling or unable to continue as Depositary for such Global
Security and a successor depositary has not been appointed by the Company within ninety (90) days, or (y) has ceased to be a clearing agency registered under the Exchange Act and a successor clearing agency has not been appointed by the
Company within ninety (90) days, (ii) upon request by or on behalf of the Depositary or (iii) to the extent permitted by the Depositary, the Company determines at any time that the Securities shall no longer be represented by Global
Securities and shall inform such Depositary of such determination and participants in such Depository elect to withdraw their beneficial interests in the Global Securities from such Depository, following notification by the Depositary of their right
to do so. Any Global Security exchanged pursuant to clause (i) above shall be so exchanged in whole and not in part, and any 

  
 18 

 
Global Security exchanged pursuant to clauses (ii) or (iii) above may be exchanged in whole or from time to time in part as directed by the Depositary. Securities issued in exchange for
a Global Security or any portion thereof shall be issued as Registered Securities in certificated form, without interest coupons, shall have an aggregate principal amount equal to that of such Global Security or portion thereof to be so exchanged,
shall be registered in such names and be in such authorized denominations as the Depositary shall designate. Any Global Security to be exchanged in whole shall be surrendered by the Depositary to the Securities Agent. With regard to any Global
Security to be exchanged in part, either such Global Security shall be so surrendered for exchange or, if the Securities Agent is acting as custodian for the Depositary or its nominee with respect to such Global Security, the principal amount
thereof shall be reduced, by an amount equal to the portion thereof to be so exchanged, by means of an appropriate adjustment made on the records of the Securities Agent. Upon any such surrender or adjustment, the Securities Agent shall authenticate
upon receipt of a Company Order directing such authentication and delivery and make available for delivery the Security issuable on such exchange to or upon the written order of the Depositary or an authorized representative thereof. 

(e) Unless otherwise specified pursuant to Section 3.01, the Company may at any time and in its sole discretion determine that the
Securities of any series issued in the form of a Global Security shall no longer be represented by such Global Security. In such event the Company will execute, and the Securities Agent, upon receipt of a Company Order for the authentication and
delivery of Registered Securities in certificated form of such series, will authenticate and deliver, in exchange for such Global Security, Registered Securities of such series in certificated form in authorized denominations, in an aggregate
principal amount equal to the principal amount of the Securities no longer to be represented by such Global Security and having like terms and conditions. 

(f) Neither any members of, or participants in, the Depositary (“Agent Members”) nor any other Persons on whose behalf Agent
Members may act shall have any rights under this Indenture with respect to any Global Security registered in the name of the Depositary or any nominee thereof, and the Depositary or such nominee, as the case may be, may be treated by the Company,
the Securities Agent, the Trustee and any agent of the Company, the Securities Agent or the Trustee as the absolute owner and Holder of such Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the
Company, the Securities Agent, the Trustee or any agent of the Company, the Securities Agent or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or such nominee, as the case may
be, or impair, as between the Depositary, its Agent Members and any other Person on whose behalf an Agent Member may act, the operation of customary practices of such Persons governing the exercise of the rights of a holder of any Security. 

  
 19 

 (g) At such time as all interests in a Global Security have been redeemed, repurchased,
converted, cancelled or exchanged for Registered Securities in certificated form, such Global Security shall, upon receipt thereof, be cancelled by the Securities Agent in accordance with standing procedures and instructions existing between the
Depositary and the custodian. At any time prior to such cancellation, if any interest in a Global Security is redeemed, repurchased, converted, cancelled or exchanged for Registered Securities in certificated form, the principal amount of such
Global Security shall, in accordance with the standing procedures and instructions existing between the Depositary and the custodian, be appropriately reduced, and an endorsement shall be made on such Global Security, by the Securities Agent or the
custodian, at the direction of the Securities Agent, to reflect such reduction. 
 (h) Unless otherwise specified pursuant to
Section 3.01, any instructions by the Company with respect to a Global Security, after its initial issuance, shall be in writing but need not comply with Section 1.02 and need not be accompanied by an Opinion of Counsel. 

(i) If the beneficial owners of interests in such Global Security are entitled to exchange such interests for Registered Securities of such
series in certificated form, as specified pursuant to Section 3.01 and provided that any applicable notice provided in the Global Security shall have been given, then without unnecessary delay but in any event not later than the earliest
date on which such interests may be so exchanged, the Company shall deliver to the Securities Agent Registered Securities in certificated form in aggregate principal amount equal to the principal amount of such beneficial owner’s interest in
such Global Security, executed by the Company. On or after the earliest date on which such interest may be so exchanged, such Global Security shall be surrendered by the Depositary or such other depositary as shall be specified in the Company Order
with respect thereto to the Securities Agent, as the Company’s agent for such purpose, to be exchanged in whole or from time to time in part, for Registered Securities in certificated form, without charge, and the Securities Agent shall upon
receipt of a Company Order directing such authentication and delivery authenticate and deliver in accordance with instructions from the Depositary (including instructions as to the registration of Registered Securities), in exchange for each portion
of such Global Security, an equal aggregate principal amount of Registered Securities in certificated form of the same series of authorized denominations and of like tenor as the portion of such Global Security to be exchanged. 

(j) If specified for any series of any Global Security pursuant to Section 3.01, the Depositary for any Securities of any series
represented by a Global 

  
 20 

 
Security may surrender such Global Security in exchange in whole or in part for Registered Securities of such series of like terms and conditions and in certificated form on such terms as are
acceptable to the Company and such Depositary. At such Depositary’s request, the Company shall thereupon execute, and the Securities Agent shall upon receipt of a Company Order directing such authentication and delivery authenticate and
deliver, (i) to each Person specified by such Depositary a new Registered Security or Securities in certificated form of the same series, of like terms and conditions and of any authorized denomination as requested by such Person in aggregate
principal amount equal to and in exchange for such Person’s beneficial interest in the Global Security so surrendered and (ii) to such Depositary a new Global Security of like terms and conditions and in a denomination equal to the
difference, if any, between the principal amount of the surrendered Global Security and the aggregate principal amount of Registered Securities in certificated form delivered to each such Person as provided in clause (i). 

(k) Upon the exchange of a Global Security for Registered Securities in certificated form, such Global Security shall be canceled by the
Securities Agent. 
 (l) The provisions of the last sentence of the last paragraph of Section 3.03 shall apply to any Global
Security if such Security was never issued and sold by the Company and the Company delivers to the Securities Agent the Security in global form together with written instructions (which need not comply with Section 1.02 and need not be
accompanied by an Opinion of Counsel) with regard to the reduction in the principal amount of Securities represented thereby, together with the written statement contemplated by the last sentence of the last paragraph of Section 3.03.

 ARTICLE THREE 
 THE
SECURITIES 
  

	 	SECTION 3.01.	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 a Board Resolution, and set forth in an Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series: 

(1) the title of the Securities of the series (which shall distinguish the Securities of the series from all other Securities);

  
 21 

 (2) any limit upon the aggregate principal amount of the Securities of the series
which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to
Section 3.04, 3.05, 3.06, 9.06 or 11.07); 
 (3) the date or dates (or the manner of
determining the same) on which the principal or premium of the Securities of the series is payable (which, if so provided in or pursuant to such Board Resolution or in such an indenture supplemental hereto, may be determined by the Company from time
to time and set forth in the Securities of the series issued from time to time); 
 (4) the rate or rates (or the method of
determining the same) at which the Securities of the series shall bear interest, if any, and the date or dates from which such interest shall accrue (which, in the case of either or both, if so provided in or pursuant to such Board Resolution or in
such an indenture supplemental hereto, may be determined by the Company from time to time and set forth in the Securities of the series issued from time to time), the Interest Payment Dates (or the manner of determining the same) on which such
interest, if any, shall be payable, the Regular Record Dates (or the manner of determining the same), if any, for the determination of Holders to whom interest on Registered Securities is payable on any Interest Payment Date, the extent to which, or
the manner in which, any interest payable on a Global Security will be paid if other than as provided in Section 3.07 and the basis upon which interest shall be calculated if other than that of a
360-day year of twelve 30-day months; 
 (5)
the place or places where, subject to Section 10.02, the principal of (and premium, if any) and interest, if any, on Securities of the series shall be payable, any Registered Securities of the series may be surrendered for registration
of transfer and Securities of the series may be surrendered for exchange and, if different than the location specified in Section 1.05, the place or places where notices or demands to or upon the Company in respect of the Securities of
the series and this Indenture may be served; 
 (6) whether any of the Securities of such series are to be redeemable at the
option of the Company, and, if so, the date or dates on which, the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the series may be redeemed, in whole or in part, at the option of
the Company, pursuant to any sinking fund or otherwise; 
 (7) the obligation, if any, of the Company to redeem, repay,
prepay or purchase Securities of the series pursuant to any sinking fund or analogous 

  
 22 

 
provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the series shall be
redeemed, repaid, prepaid or purchased, in whole or in part, pursuant to such obligation; 
 (8) if other than denominations
of U.S. $2,000 and any integral multiple of $1,000 in excess thereof, the minimum denominations in which Securities of the series shall be issuable; 

(9) 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 pursuant to Section 5.02 or the method by which such portion shall be determined; 

(10) if the amount of payments of principal of (or any premium) or any interest on the Securities of the series may be
determined with reference to an index, the manner in which such amounts shall be determined; 
 (11) whether the Securities
of the series shall be issued in whole or in part in the form of a Global Security or Securities and, in such case, the Depositary for such Global Security or Securities, whether such global form shall be permanent or temporary and, if so, whether
beneficial owners of interests in any such Global Security may exchange such interests for Securities of such series in certificated form and of like tenor of any authorized form and denomination and the circumstances under which any such exchanges
may occur, if other than in the manner provided in this Article Three; 
 (12) in the case of any Global Security that
may be exchanged for other Securities, the manner and procedures for effecting such exchange; 
 (13) whether and under what
circumstances, and the terms and conditions on which, the Company will pay additional amounts on the Securities of the series in respect of any tax, assessment or governmental charge withheld or deducted and whether the Company will have the option
to redeem such Securities rather than pay such additional amounts or to redeem such Securities in the event of the imposition of any certification, documentation, information or other reporting requirement and, if so, under what circumstances and
the terms and conditions on which the Company may exercise such option; 
 (14) the Person to whom interest, if any, on any
Registered Security of the series shall be payable, if other than the Person in whose name such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest payment; 

  
 23 

 (15) any deletions from, modifications of, or additions to the Events of Default
or covenants of the Company with respect to any of such Securities (whether or not such Events of Default or covenants are consistent with the Events of Default or covenants set forth herein); 

(16) the application, if any, of Section 4.03 or Section 10.06 (including the application, if any, of
the condition specified in subparagraph (4) of Section 4.03 or subparagraph (5) of Section 10.06, or both, and, in the case of the application of subparagraph (4) of
Section 4.03, the application, if any, of clause (B) in lieu of clause (A) thereof) to the Securities of the series; 

(17) any percentage greater than a majority in principal amount of the Outstanding Securities of the series as shall apply to
Sections 9.02 and 13.04; 
 (18) the obligation, if any, of the Company to convert Securities of the series
pursuant to the terms thereof, at the option of the Holders thereof, into shares of Common Stock issued by the Company, and the terms and conditions upon which such Securities shall be converted, in whole or in part, pursuant to such obligation;

 (19) any trustees, authenticating or paying agents, warrant agents, transfer agents or registrars with respect to the
Securities of the series (if different from those named herein) and, if applicable, the Person which shall be the Depositary or other depositary for the Securities of such series or any portion thereof and any provisions for the appointment of a
successor Depositary or other depositary, as the case may be; 
 (20) the designation of the initial Exchange Rate Agent, if
any; and 
 (21) any other terms of the series and any deletions from or modifications or additions to this Indenture in
respect of such Securities. 
 All Securities of any one series shall be substantially identical except that such Securities may differ as
to denomination, date of issue, Stated Maturity, rate of interest, if any, and the date from which interest, if any, shall accrue and as may otherwise be provided in or pursuant to such Board Resolution or in such an indenture supplemental hereto.
The terms of such Securities, as set forth above, may be determined by the Company from time to time if so provided in or pursuant to such Board Resolution or in such an indenture supplemental hereto. All Securities of any one series need not, but
may, be issued at the same time. 

  
 24 

 If any terms of the series are established by action taken pursuant to a Board Resolution, a copy
of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee and the Securities Agent at or prior to the delivery of the Officers’ Certificate setting forth
the terms of the series. 
  

	 	SECTION 3.02.	Denominations. 

 Unless otherwise specified with respect to Securities of a series as
contemplated by Section 3.01, any Registered Securities of such series shall be issuable in the denominations of U.S. $2,000 and any integral multiple of $1,000 in excess thereof. 

 

	 	SECTION 3.03.	Execution, Authentication, Delivery and Dating. 

 The Securities shall be executed on
behalf of the Company by its Chairman of the Board of Directors (or its Chairman of the Executive Committee of such Board of Directors), any Vice Chairman, its President, its principal financial officer, its principal accounting officer, its general
counsel, any Vice President or its Treasurer. The signature of any of these officers on the Securities may be manual or facsimile and may be imprinted or otherwise reproduced thereon. 

Securities bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the
Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities; and any Security may be executed
on behalf of the Company by such person or persons as, at the actual date of execution of such Security, shall be the proper officers of the Company, although at the date of the execution and delivery hereof such person or persons were not such
officers. 
 At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities
(including Global Securities) of any series executed by the Company to the Securities Agent for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Securities Agent in accordance with the
Company Order shall authenticate and deliver such Securities. If all the Securities of any one series are not to be issued at one time and if a Board Resolution or indenture supplemental hereto relating to the Securities of such series shall so
permit, such Company Order may set forth procedures acceptable to the 

  
 25 

 
Securities Agent for the issuance of such Securities, including, without limitation, procedures with respect to date of issue, Stated Maturity, rate of interest, if any, and date from which
interest, if any, shall accrue as determined by the Company as contemplated by Section 3.01. In authenticating and delivering such Securities, and accepting the additional responsibilities under this Indenture in relation to such
Securities, the Securities Agent shall be entitled to receive, and (subject to Section 6.01) shall be fully protected in relying upon, an Opinion of Counsel that (subject to such customary exceptions and assumptions): 

(a) the form or forms of such Securities has been established in conformity with the provisions of this Indenture; 

(b) the terms of such Securities have been established in conformity with the provisions of this Indenture; 

(c) such Securities, when authenticated and delivered by the Securities Agent and issued by the Company in the manner and
subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Company, 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; and 

(d) the execution and delivery by the Company of such Securities (i) has been duly authorized by all necessary corporate
action on the part of the Company and (ii) will not violate the certificate of incorporation or by-laws of the Company, any law binding on the Company, or this Indenture. 

The Securities Agent shall not be required to authenticate such Securities if (i) the Securities Agent, being advised by counsel, determines that such
action may not be lawfully taken, (ii) the Securities Agent in good faith by its Board of Directors, executive committee or a trust committee of directors and/or Responsible Officers determines that such action would expose the Securities Agent
to personal liability to Holders of any Outstanding Securities or (iii) the issue of such Securities pursuant to this Indenture will affect the Securities Agent’s own rights, duties or immunities under the Securities and this Indenture or
otherwise in a manner which is not reasonably acceptable to the Securities Agent. The Securities Agent shall authenticate and deliver each Security of any such series in accordance with the procedures, if any, specified by the Company in the Company
Order delivered pursuant to the preceding paragraph. 
 Notwithstanding the provisions of Section 3.01 and of the preceding
paragraph, if all Securities of a series are not to be originally issued at one time, it shall 

  
 26 

 
not be necessary to deliver any Board Resolution, Officers’ Certificate or Opinion of Counsel otherwise required pursuant to Section 3.01, such preceding paragraph or
Section 1.02 at or prior to the time of authentication of each Security of such series if such documents are delivered at or prior to the authentication upon original issuance of the first Security of such series to be issued. 

Each Registered Security (including a Global Security) shall be dated the date of its authentication. 

If the Company shall establish pursuant to Section 3.01 that the Securities of a series are to be issued in whole or in part in
the form of one or more Global Securities, then the Company shall execute and the Securities Agent shall, in accordance with this Section 3.03 and Section 3.04, if and to the extent applicable, and the Company Order with
respect to such series, authenticate and deliver one or more Global Securities in permanent or temporary form that (i) shall represent and shall be denominated in an aggregate principal amount of the Outstanding Securities of such series to be
represented by one or more Global Securities, (ii) shall be registered in the name of the Depositary for such Global Security or Securities or the nominee of such Depositary and (iii) shall be delivered by the Securities Agent to such
Depositary or pursuant to such Depositary’s instructions. 
 Unless otherwise specified with respect to the Securities of a series as
contemplated by Section 3.01, each Person designated pursuant to Section 3.01 as a Depositary for a Global Security which is a Registered Security of such series, at the time of its designation and at all times while it
serves as Depositary, shall be a clearing agency registered under the Securities Exchange Act of 1934, as amended, and any other applicable statute or regulation. 

No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on such
Security a certificate of authentication substantially in the form provided for herein executed by the Securities Agent by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such
Security has been duly authenticated and delivered hereunder. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Security
to the Securities Agent for cancellation as provided in Section 3.09 together with a written statement (which need not comply with Section 1.02 and need not be accompanied by an Opinion of Counsel) stating that such Security
has never been issued and sold by the Company, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 

  
 27 

	 	SECTION 3.04.	Temporary Securities; Exchange of Temporary Global Securities. 

 (a) Pending the
preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Securities Agent shall authenticate and deliver temporary Securities of such series which are printed, lithographed, typewritten, mimeographed or
otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers
executing such Securities may determine, as evidenced by their execution of such Securities. Such temporary Securities may be issued as a Temporary Global Security representing such of the Outstanding Securities of any such series as shall be
specified therein. Until exchanged in full as hereinabove provided, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of the same series and of like tenor
authenticated and delivered hereunder. 
 (b) Except in the case of any Temporary Global Security (which shall be exchanged in accordance
with the provisions thereof and Section 3.04(c)), if temporary Securities of any series are issued, the Company will cause definitive Securities of such series to be prepared without unreasonable delay. After the preparation of
definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at the office or agency of the Company maintained
pursuant to Section 10.02 at a Place of Payment with respect to Securities of such series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series the Company shall execute and
the Securities Agent shall upon receipt of a Company Order directing such authentication and delivery authenticate and deliver in exchange therefor a like principal amount of definitive Securities of such series of authorized denominations and of a
like Stated Maturity, with like terms and provisions. Unless otherwise provided in or pursuant to this Indenture with respect to a Temporary Global Security, until so exchanged the temporary Securities of any series shall in all respects be entitled
to the same benefits under this Indenture as definitive Securities of such series and with like terms and conditions authenticated and delivered hereunder, except as otherwise specified with respect to the Securities of such series pursuant to
Section 3.01. 
 (c) Without unnecessary delay but in any event not later than the date specified in, or determined pursuant to
the terms of, any Temporary Global Security (the “Exchange Date”), the Company shall deliver to the Securities Agent definitive Securities, in aggregate principal amount equal to the principal amount of such Temporary Global
Security, executed by the Company. On or after the Exchange Date 

  
 28 

 
such Temporary Global Security shall be surrendered by the Depositary to the Securities Agent, as the Company’s agent for such purpose, to be exchanged for definitive Permanent Global
Securities without charge and the Securities Agent shall upon receipt of a Company Order directing such authentication and delivery authenticate and deliver, in exchange for each portion of such Temporary Global Security, an equal aggregate
principal amount of definitive Permanent Global Securities of the same series of authorized denominations and of like tenor as the portion of such Temporary Global Security to be exchanged. 

 

	 	SECTION 3.05.	Registration, Registration of Transfer and Exchange. 

 The Company shall cause to be kept
at one of its offices or agencies maintained pursuant to Section 10.02 a register or registers in respect of each series of Securities issuable as Registered Securities (herein sometimes referred to as the “Security
Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Registered Securities of such series and the registration of transfers of Registered Securities of such
series. Said office or agency is hereby initially appointed “Security Registrar” in respect of each series of Securities issuable as Registered Securities for the purpose of registering Registered Securities of such series and
transfers of Registered Securities of such series as herein provided. 
 Upon surrender for registration of transfer of any Registered
Security of any series at the office or agency of the Company in a Place of Payment in respect of such series, but subject to any restrictions thereon, the Company shall execute, and the Securities Agent shall upon receipt of a Company Order
directing such authentication and delivery authenticate and deliver, in the name of the designated transferee or transferees, one or more new Registered Securities of such series of any authorized denominations, of a like Stated Maturity and
aggregate principal amount and with like terms and conditions. 
 At the option of the Holder, Registered Securities of any series may be
exchanged for one or more other Registered Securities of such series of any authorized denominations, of a like Stated Maturity and aggregate principal amount and with like terms and conditions, upon surrender of the Registered Securities to be
exchanged at any such office or agency. 
 Whenever any Registered Securities are so surrendered for exchange, the Company shall execute,
and the Securities Agent shall upon receipt of a Company Order directing such authentication and delivery authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. 

  
 29 

 Except as otherwise specified with respect to the Securities of any series pursuant to
Section 3.01, any Permanent Global Security representing Securities of such series shall be transferred and exchanged only as provided in Section 2.03. 

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

Every Registered Security of a series presented or surrendered for registration of transfer or exchange shall (if so required by the Company
or the Securities Agent) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company, the Securities Agent and the Security Registrar in respect of such series duly executed, by the Holder thereof or
such Holder’s attorney duly authorized in writing. 
 No service charge shall be made for any registration of transfer or exchange of
Securities, but the Company or the Securities Agent may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than
exchanges pursuant to Sections 3.04, 9.06 and 11.07 or conversions pursuant to Section 15.01 not involving any transfer. 

The Company shall not be required (i) to issue, register the transfer of or exchange any Security of any series during a period beginning
at the opening of business 15 days before the day of the mailing of a notice of redemption of Securities of such series selected for redemption hereunder and ending at the close of business on the day of such mailing, or (ii) to register the
transfer of or exchange any Registered Security of such series so selected for redemption in whole or in part, except the unredeemed portion of any Registered Security being redeemed in part. 

 

	 	SECTION 3.06.	Mutilated, Destroyed, Lost and Stolen Securities. 

 If any mutilated Security is
surrendered to the Securities Agent, or if the Company and the Securities Agent receive evidence to their satisfaction of the destruction, loss, mutilation beyond clear recognition or theft of any Security, and there is delivered to the Company and
the Securities Agent such security and/or indemnity as may be required by them to save each of them, the Trustee, the Security Registrar, the Paying Agent and any agent of any of them harmless, then, in the absence of notice to the Company or a
Responsible Officer of the Securities Agent that such Security has been acquired by a bona fide purchaser, the Company shall execute and upon its request the Securities Agent shall upon receipt of a Company Order directing such authentication and

  
 30 

 
delivery authenticate and deliver, in exchange therefor, a new Security of the same series, in a like principal amount, of a like Stated Maturity and with like terms and conditions and bearing a
number not contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or stolen Security has become or is about to become
due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security (without surrender thereof except in the case of a mutilated Security) if the applicant for such payment shall furnish to the Company and the
Securities Agent such security and/or indemnity as may be required by them to save each of them, the Trustee, the Security Registrar, the Paying Agent and any agent of any of them harmless, and in case of destruction, mutilation beyond clear
recognition, loss or theft, evidence satisfactory to the Company and the Securities Agent and any agent of either of them of the destruction, loss, mutilation beyond clear recognition, or theft of such Security and the ownership thereof. 

Upon the issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Securities Agent connected therewith. 

Every new Security of any series issued pursuant to this Section in lieu of any destroyed, lost, mutilated beyond clear recognition or stolen
Security of such series or in exchange for any mutilated but clearly recognizable Security of such series shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be
at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of such series duly issued hereunder. 

The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Securities. 
  

	 	SECTION 3.07.	Payment of Interest; Interest Rights Preserved. 

 Except as otherwise specified with
respect to any series of Securities in accordance with Section 3.01, interest, if any, on any Registered Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in
whose name such Registered Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest specified as provided in Section 3.01. 

  
 31 

 Except as otherwise specified with respect to any series of Securities as contemplated by
Section 3.01, interest, if any, on the Securities of each series shall be computed on the basis of a 360-day year of twelve thirty-day months. 

Except as otherwise specified with respect to any series of Securities in accordance with Section 3.01, and subject to
Sections 3.04(b) and 3.05 and the next following paragraph, payment of interest may be made (i) if the Holder has provided valid wire transfer instructions at least three Business Days prior to such Interest Payment Date, by
transfer to an account maintained by the payee with a bank located inside the United States or (ii) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register in respect of Securities of
such series. 
 Except as otherwise specified with respect to any series of Securities in accordance with Section 3.01, every
Permanent Global Security of such series will provide that interest, if any, payable on any Interest Payment Date will be paid to any Depositary with respect to that portion of such Permanent Global Security held by the Depositary for credit by such
Depositary to its participants or members in accordance with the then applicable procedures of such Depositary. 
 Any interest on any
Registered Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) after any applicable grace period shall forthwith cease to be
payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder; and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in paragraph (1) or paragraph
(2) below: 
 (1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the
Registered Securities of such series (or their respective Predecessor Securities of such series) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following
manner. The Company shall notify the Securities Agent in writing of the amount of Defaulted Interest proposed to be paid on each Registered Security of such series and the date of the proposed payment, and at the same time the Company shall deposit
with the Securities Agent an amount of money in the currency or composite currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 3.01 with respect to Securities of such series)
equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Securities Agent for such deposit prior to the date of the proposed payment, such money when deposited to be held
in trust for the benefit of the Persons entitled to such Defaulted Interest as in this paragraph provided. Thereupon the Securities Agent shall fix a Special Record Date for the 

  
 32 

 
payment of such Defaulted Interest which shall be not more than 15 days nor less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the
Securities Agent of the notice of the proposed payment. The Securities Agent shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such
Defaulted Interest and the Special Record Date therefor to be mailed, first-class, postage prepaid, to each Holder of a Registered Security of such series at the address of such Holder as it appears in the Security Register in respect of the
Securities of such series not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid
to the Persons in whose names the Registered Securities of such series (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following
paragraph (2). 
 (2) The Company may make payment of any Defaulted Interest in any other lawful manner not
inconsistent with the requirements of any securities exchange on which the Registered Securities of such series may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Securities Agent of
the proposed payment pursuant to this paragraph, such payment shall be deemed practicable by the Securities Agent. 
 Subject to the
foregoing provisions of this Section and Section 3.05, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and
unpaid, and to accrue, which were carried by such other Security. 
  

	 	SECTION 3.08.	Persons Deemed Owners. 

 The Company, the Securities Agent, the Trustee and any Paying
Agent, the Security Registrar and any other agent of the Company, the Securities Agent or the Trustee in respect of the Securities of any series may treat the Person in whose name any Registered Security of such series is registered as the owner of
such Registered Security for the purpose of receiving payment of principal of (and premium, if any) and (subject to Section 3.07) interest, if any, on such Security and for all other purposes whatsoever, whether or not such Security be
overdue, and neither the Company, the Securities Agent or the Trustee nor any Paying Agent, Security Registrar or other agent of the Company, the Securities Agent or the Trustee in respect of the Securities of such series shall be affected by notice
to the contrary. 

  
 33 

 None of the Company, the Securities Agent, the Trustee and any Paying Agent, the Security
Registrar and any other agent of the Company, the Securities Agent or the Trustee will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Security
or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
 Notwithstanding the foregoing,
with respect to any Global Security, nothing herein shall prevent the Company, the Securities Agent, the Trustee, or any agent of the Company, the Securities Agent or the Trustee, from giving effect to any written certification, proxy or other
authorization furnished by any Depositary, as a Holder, with respect to such Global Security or impair, as between such Depositary and owners of beneficial interests in such Global Security, the operation of customary practices governing the
exercise of the rights of such Depositary (or its nominee) as Holder of such Global Security. 
  

	 	SECTION 3.09.	Cancellation. 

 All Securities surrendered for payment, registration of transfer,
exchange, conversion, redemption or repayment, or delivered in satisfaction of any sinking fund payment or analogous payment, shall, if surrendered to any Person other than the Securities Agent, be delivered to the Securities Agent for cancellation
and shall be promptly canceled by it. The Company may at any time deliver to the Securities Agent for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever and may
deliver to the Securities Agent (or to any other Person for delivery to the Securities Agent) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be
promptly canceled by the Securities Agent in accordance with its standard procedures. No Security shall be authenticated in lieu of or in exchange for any Securities canceled as provided in this Section, except as expressly permitted by this
Indenture. All canceled Securities held by the Securities Agent shall be destroyed by it in accordance with its standard procedures and the Securities Agent shall deliver a certificate of such destruction to the Company at the Company’s written
request. Any Temporary Global Security shall be destroyed by the Securities Agent in accordance with its standard procedures if the entire aggregate principal amount of the Securities represented thereby has been exchanged. Permanent Global
Securities shall not be cancelled until exchanged in full for other Permanent Global Securities or definitive Securities or until payment thereof is made in full. 

  
 34 

	 	SECTION 3.10.	CUSIP, CINS and ISIN Numbers. 

 The Company in issuing the Securities may use
“CUSIP,” “CINS,” “ISIN” and other reference numbers (if then generally in use), and, if so, the Trustee and the Securities Agent shall use “CUSIP,” “CINS,” “ISIN” and other such reference
numbers in notices 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 Company will promptly notify the Trustee and the
Securities Agent of any changes in the “CUSIP,” “CINS,” “ISIN” or the other such reference numbers. 
  

	 	SECTION 3.11	Computation of Interest. 

 Except as otherwise provided in or pursuant to this Indenture
or in the Securities of any series, interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months. 

ARTICLE FOUR 
 SATISFACTION AND
DISCHARGE 
  

	 	SECTION 4.01.	Satisfaction and Discharge of Indenture. 

 This Indenture shall cease to be of further
effect with respect to any series of Securities, and the Trustee, on demand of and at the expense of the Company, shall execute such instruments acknowledging satisfaction and discharge of this Indenture with respect to such series as reasonably
requested by and prepared by the Company and delivered to the Trustee for signature, when: 
 (1) any of the following shall
occur: 
 (A) all Securities of such series theretofore authenticated and delivered (other than (i) Registered
Securities which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.06, and (ii) Securities money for the payment of which has theretofore been deposited in trust or segregated and held
in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 10.03) have been delivered to the Securities Agent for cancellation; or 

  
 35 

 (B) all Securities of such series not theretofore delivered to the Securities
Agent for cancellation: 
 (i) have become due and payable; or 

(ii) will become due and payable at their Stated Maturity within one year; or 

(iii) are to be called for redemption within one year under arrangements satisfactory to the Securities Agent for the giving
of notice of redemption by the Securities Agent in the name, and at the expense, of the Company; 
 and the Company, in the case of (i),
(ii) or (iii) above, has deposited or caused to be deposited with the Securities Agent, as trust funds in trust for the purpose, an amount sufficient to pay and discharge the entire indebtedness on such Securities of such series not
theretofore delivered to the Securities Agent for cancellation, for principal (and premium, if any) and interest, if any, to the date of such deposit (in the case of Securities which have become due and payable), or to the Stated Maturity or
Redemption Date, as the case may be; 
 (2) the Company has paid or caused to be paid all other sums payable hereunder by the
Company in respect of the Securities of such series; and 
 (3) the Company has delivered to the Trustee and the Securities
Agent an Officers’ Certificate and an Opinion of Counsel each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture in respect of such series have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture with respect to any series of Securities, so long as any Security of such series remains
Outstanding, the obligations of the Company to the Trustee and/or Securities Agent under Section 6.07 and, if money shall have been deposited with the Securities Agent pursuant to subclause (B) of clause (1) of this Section or
if money or Government Obligations shall have been deposited with or received by the Securities Agent pursuant to Section 4.03 or 10.06, the obligations of the Securities Agent under Section 4.02 and the last paragraph
of Section 10.03 with respect to such series shall survive and the remaining rights of conversion of any Securities of such series, if convertible, shall continue in full force and effect pursuant to the terms set forth in Article
Fifteen herein. 

  
 36 

	 	SECTION 4.02.	Application of Trust Money. 

 (a) Subject to the provisions of
Section 4.02(c) and the last paragraph of Section 10.03, all money or Government Obligations deposited with the Securities Agent pursuant to Section 4.01, 4.03 or 10.06 or the principal of or
interest on such Government Obligations shall be held in trust and applied by the Securities Agent, in accordance with the provisions of this Indenture and of the Securities of the series to which such money or Government Obligations relate, to the
payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent), as the Securities Agent may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest, if any, for the
payment of which such money or Government Obligations have been deposited with the Securities Agent or to make mandatory sinking fund payments or analogous payments as contemplated by Section 4.03 or 10.06, but such money or
proceeds need not be segregated from other funds except to the extent required by law. 
 (b) The Company shall pay and shall indemnify the
Trustee and the Securities Agent against any tax, fee or other charge imposed on or assessed against Government Obligations deposited pursuant to Section 4.03 or 10.06 or the principal of or interest on such Government Obligations
other than any payable by or on behalf of the Holders. 
 (c) The Securities Agent shall deliver or pay to the Company from time to time
upon Company Request any money or Government Obligations (or the principal of or interest on such Government Obligations) held by it as provided in Section 4.01, 4.03 or 10.06 which, in the opinion of a nationally
recognized firm of independent public accountants expressed in a written certification thereof delivered to the Securities Agent, upon which the Securities Agent shall be entitled to fully rely, are then in excess of the amount thereof which then
would have been required to be deposited for the purpose for which such money or Government Obligations were deposited or received. The principal of and interest on the Government Obligations deposited in trust pursuant to Sections 4.03(1)
and 10.06(1), to the extent that such principal and interest are not required for a period of time for the payment of the principal of (and premium, if any) and interest, if any, on the Securities with respect to which such Government
Obligations relate, shall, so far as practicable, be invested as directed in writing to the Securities Agent with specificity in Government Obligations of such maturities (six months or less) as necessary to ensure that funds are available to pay
the principal of (and premium, if any) and interest, if any, on such Securities and the Securities Agent, upon receipt thereof, shall distribute to the Company the income from such investments. 

  
 37 

	 	SECTION 4.03.	Defeasance and Discharge of Securities of any Series. 

 If this Section 4.03 has
been specified in accordance with Section 3.01 to be applicable to Securities of any series, then notwithstanding Section 4.01, the Company shall be deemed to have paid and discharged the entire indebtedness on all the
Outstanding Securities of such series, the provisions of this Indenture as it relates to such Outstanding Securities (except as to the rights of Holders of Outstanding Securities of such series to receive, from the trust funds described in
subparagraph (1), payment of the principal of (and premium, if any) and any installment of principal of (and premium, if any) or interest, if any, on such Securities on the Stated Maturity of such principal or installment of principal or
interest or any mandatory sinking fund payments or analogous payments applicable to the Securities of such series on the day on which such payments are due and payable in accordance with the terms of this Indenture and of such Securities, the
Company’s obligations with respect to such Securities under Sections 3.05, 3.06, 10.02, 10.03 and 15.01, the rights, powers and immunities of the Trustee and/or the Securities Agent hereunder) shall no longer
be in effect, and the Trustee, at the expense of the Company, shall, upon Company Request, execute such instruments as reasonably requested and prepared by the Company acknowledging the same, provided that the following conditions have been
satisfied: 
 (1) with reference to this Section 4.03, the Company has deposited or caused to be deposited with the
Securities Agent (or another trustee satisfying the requirements of Section 6.09), irrevocably (irrespective of whether the conditions in subparagraphs (2), (3), (4) (if applicable) or (5) have been
satisfied, but subject to the provisions of Section 4.02(c) and the last paragraph of Section 10.03), 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, (A) money in an amount in the currency or composite currency in which the Securities of such series are payable (except as otherwise specified with respect to the Securities of such series pursuant to
Section 3.01), or (B) Government Obligations which through the payment of interest and principal in respect thereof in accordance with their terms will provide not later than the opening of business on the due date of any payment
referred to in clause (i) or (ii) of this subparagraph (1) money in an amount, or (C) a combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Securities Agent, to pay and discharge (i) the principal of (and premium, if any) and each installment of principal (and premium, if any) and interest, if any, on such Outstanding Securities on the Stated
Maturity of such principal or installment of principal or interest, (ii) any mandatory sinking fund payments or analogous payments applicable to the Securities of such series on the day on which such payments are due and payable in accordance
with the terms of this Indenture and of such Securities and (iii) any repayment of the Securities of such series at the option of a Holder of any of such Securities on the date such repayment is due and payable; 

  
 38 

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

(3) no Event of Default or event which with the giving of notice or lapse of time, or both, would become an Event of Default
with respect to the Securities of such series shall have occurred and be continuing on the date of such deposit and no Event of Default under Section 5.01(d) or 5.01(e) or event which with the giving of notice or lapse of time, or
both, would become an Event of Default under Section 5.01(d) or 5.01(e) shall have occurred and be continuing on the 91st day after such date; 

(4) if this subparagraph has been specified in accordance with Section 3.01 to be applicable to the Securities of
such series, the Company has delivered to the Trustee and the Securities Agent (A) an Opinion of Counsel to the effect that the Company has received from, or there has been published by, the Internal Revenue Service a ruling to the effect, or
(B) in lieu thereof, but only if this clause (B) is specified in accordance with Section 3.01 to be applicable to the Securities of such series, an Opinion of Counsel to the effect, that Holders of the Securities of such series
will not recognize income, gain or loss for federal income tax purposes as a result of such deposit, defeasance and discharge and will be subject to federal income tax on the same amount and in the same manner and at the same times, as would have
been the case if such deposit, defeasance and discharge had not occurred; and 
 (5) the Company has delivered to the Trustee
and the Securities Agent an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for relating to the defeasance and discharge of the entire indebtedness on all Outstanding Securities of such
series as contemplated by this Section have been complied with. 
 ARTICLE FIVE 

REMEDIES 
  

	 	SECTION 5.01.	Events of Default. 

 “Event of Default”, wherever used herein with respect to
Securities of any series, means any one of the following events (whatever the reason for such Event of 

  
 39 

 
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 due and punctual payment of any 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; or 

(b) default in the due and punctual payment of the principal of (and premium, if any, on) any of the Securities of such series
as and when the same shall become due and payable either at Maturity, by declaration as authorized by this Indenture, or otherwise; or 

(c) failure on the part of the Company to duly observe or perform any other of the covenants or agreements on the part of the
Company in the Securities of such series or in this Indenture contained (other than a covenant or agreement a default in whose performance or whose breach is elsewhere in this Section specifically dealt with or which has expressly been included in
this Indenture solely for the benefit of a series of Securities other than such series) for a period of 60 days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Company and the
Securities Agent by the Trustee or to the Company, the Securities Agent and the Trustee by the Holders of at least 25% in principal amount of the Securities of such series at the time Outstanding; provided, however, that, subject to
the provisions of Subsections (a), (b) and (c) of Section 6.01 hereof, the Trustee shall not be charged with knowledge of such default unless a Responsible Officer of the Trustee, in the course of its
administration of corporate trusts, shall have actual knowledge of such default or unless written notice thereof shall have been given to the Trustee by the Company or by the Holders of not less than 25% in principal amount of the Outstanding
Securities of such series; or 
 (d) entry of a decree or order by a court having jurisdiction in the premises for relief in
respect of the Company in an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, trustee, sequestrator (or similar official) of the Company or
of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days; or 

(e) commencement by the Company of a voluntary case under any applicable bankruptcy, insolvency or other similar law now or
hereafter in effect, or the consent by the Company to the entry of an order for relief in an involuntary 

  
 40 

 
case under any such law, or the consent by the Company to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the
Company or of any substantial part of its property, or the making by the Company of a general assignment for the benefit of creditors, or the admission by the Company in writing of its inability generally to pay its debts as they become due, or the
taking of corporate action by the Company in furtherance of any such action; or 
 (f) any other Event of Default provided
with respect to Securities of such series. 
  

	 	SECTION 5.02.	Acceleration of Maturity; Rescission and Annulment. 

 If an Event of Default (other than
Event of Default under Section 5.01(d) or 5.01(e)) with respect to Securities of any series then Outstanding occurs and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in principal amount
of the Outstanding Securities of such series may declare the principal of all the Securities of such series (or, in the case of Securities of such series that are Original Issue Discount Securities, such portion of the principal of such Securities
as may be specified in the terms thereof) to be due and payable immediately, by a notice in writing to the Company and the Securities Agent (as well as to the Trustee if given by Securityholders), and upon any such declaration such principal (or, as
the case may be, such portion thereof) shall become immediately due and payable. If an Event of Default under Section 5.01(d) or 5.01(e) with respect to the Securities of any series occurs in respect of the Company, then the
principal of all of the Securities of such series, or such lesser amount as may be provided for in the Securities of such series, and accrued and unpaid interest, if any, thereon shall ipso facto become and be immediately due and
payable without any declaration or other act on the part of the Trustee or any Holder of the Securities of such series. 
 At any time after
such a declaration of acceleration has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the Outstanding
Securities of such series, by written notice to the Company, the Securities Agent and the Trustee, may rescind and annul such declaration and its consequences if: 

(1) the Company has paid or deposited with the Trustee a sum sufficient to pay in the currency or composite currency in which
the Securities of such series are payable (except as otherwise specified with respect to the Securities of such series pursuant to Section 3.01): 

(A) all overdue installments of interest, if any, on all Outstanding Securities of such series, 

  
 41 

 (B) the principal of (and premium, if any, on) any Outstanding Securities of such
series which have become due otherwise than by such declaration of acceleration and interest thereon at the rate or rates borne by such Securities (or, in the case of Securities of such series that are Original Issue Discount Securities, the Yield
to Maturity in respect thereof), 
 (C) to the extent that payment of such interest is lawful, interest upon overdue
installments of interest, if any, at the rate or rates borne by such Securities (or, in the case of Securities of such series that are Original Issue Discount Securities, the Yield to Maturity in respect thereof), and 

(D) all sums paid or advanced by the Trustee and/or the Securities Agent hereunder and the reasonable compensation, expenses,
indemnities, disbursements and advances of the Trustee and/or the Securities Agent, and each of their agents and counsel; 
 and 

(2) all Events of Default with respect to Securities of such series, other than the non-payment of the principal of (or
premium, if any) or interest, if any, on Securities of such series which have become due solely by such acceleration, have been cured or waived as provided in Section 5.13. 

No such rescission shall affect any subsequent default or impair any right consequent thereon. 

 

	 	SECTION 5.03.	Collection of Indebtedness and Suits for Enforcement by Trustee. 

 The Company covenants
that if 
 (1) default is made in the payment of any installment of interest on any Security of any series when such interest
becomes due and payable and such default continues for a period of 30 days, or 
 (2) default is made in the payment of the
principal of (or premium, if any, on) any Security of any series at the Maturity thereof, 
 the Company will, upon demand of the Trustee, pay to it, for
the benefit of the Holders of the Securities of such series, the whole amount then due and payable on such Securities 

  
 42 

 
for principal (and premium, if any) and interest, if any, with interest upon the overdue principal (and premium, if any) and, to the extent that payment of such interest shall be legally
enforceable, upon overdue installments of interest, if any, at the rate or rates borne by such Securities (or in the case of Securities of such series that are Original Issue Discount Securities, the Yield to Maturity in respect thereof); and, in
addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, indemnities, disbursements and advances of the Trustee and/or the Securities Agent, and each
of their agents and counsel. 
 If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as
trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce the same against the Company or any other obligor upon
such Securities and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 

If an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed to protect
and enforce its rights and the rights of the Holders of the Securities of such series, by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of
any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 
  

	 	SECTION 5.04.	Trustee May File Proofs of Claim. 

 In case of the pendency of any receivership,
insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities of any series or the property of the Company or of such other
obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities of such series shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made
any demand on the Company for the payment of overdue principal, premium, if any, or interest, if any) shall be entitled and empowered, by intervention in such proceeding or otherwise, 

(i) to file and prove a claim for the whole amount of principal (or, in the case of Securities of such series that are Original
Issue Discount Securities, such portion of the principal of such Securities as may be specified in the terms thereof) (and premium, if any) and interest, if any, owing and unpaid in respect of the Securities of such series and to file such other
papers or documents as may be 

  
 43 

 
necessary or advisable in order to have the claims of the Trustee and/or the Securities Agent (including any claim for the reasonable compensation, expenses, indemnities, disbursements and
advances of the Trustee and/or the Securities Agent, and each of their agents and counsel) and of the Holders of the Securities of such series allowed in such judicial proceeding, and 

(ii) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same;

 and any receiver, assignee, trustee, liquidator, sequestrator (or other similar official) in any such judicial proceeding is hereby authorized by each
such Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to such Holders, to pay to the Trustee and/or the Securities Agent any amount due to it for the reasonable
compensation, expenses, indemnities, disbursements and advances of the Trustee and/or the Securities Agent, and each of their agents and counsel, and any other amounts due the Trustee under Section 6.07. 

Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder of a
Security 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 Holder in any such proceeding.

 The Securities Agent shall be entitled to and responsible for filing proofs of claim for any amounts due to it in connection with any
such proceeding. 
  

	 	SECTION 5.05.	Trustee May Enforce Claims Without Possession of Securities. 

 All rights of action and
claims under this Indenture or the Securities of any series may be prosecuted and enforced by the Trustee without the possession of any of the Securities of such series or the production thereof in any proceeding relating thereto, and any such
proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, indemnities, disbursements and
advances of the Trustee and/or the Securities Agent, and each of their agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 

  
 44 

	 	SECTION 5.06.	Application of Money Collected. 

 Any money collected by the Trustee pursuant to this
Article with respect to the Securities 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 money on account of principal (or premium, if any) or interest, if any,
upon presentation of the Securities in respect of which such money was collected, and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 

FIRST: To the payment of all amounts due the Trustee and/or the Securities Agent under Section 6.07; 

SECOND: To the payment of the amounts then due and unpaid upon the Securities of such series for the principal (and premium, if any) and
interest, if any, in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities, for principal (and premium, if any)
and interest, if any, respectively; and 
 THIRD: To the payment of the remainder, if any, to the Company or to whomsoever may be lawfully
entitled to receive the same, or as a court of competent jurisdiction may determine. 
  

	 	SECTION 5.07.	Limitation on Suits. 

 No Holder of any Security of any series shall have any right to
institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 

(1) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to Securities
of such series; 
 (2) the Holders of not less than 25% in principal amount of the Outstanding Securities of such series
shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(3) such Holder or Holders have offered to the Trustee indemnity satisfactory to the Trustee against the costs, expenses and
liabilities to be incurred in compliance with such request; 
 (4) the Trustee for 60 days after its receipt of such notice,
request and offer of indemnity has failed to institute any such proceeding; and 
 (5) no direction inconsistent with such
written request has been given to the Trustee during such 60 day period by the Holders of a majority in principal amount of the Outstanding Securities of such series; 

  
 45 

 it being understood and intended that no one or more Holders of Securities of any series shall have any right in
any manner whatsoever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other Holders of Securities of such series or to obtain or to seek to obtain priority or preference over any
other such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all the Holders of Securities of such series. 

 

	 	SECTION 5.08.	Unconditional Right of Securityholders to Receive Principal, Premium and Interest and to Convert Securities. 

Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right which is absolute and unconditional to
receive payment of the principal of (and premium, if any) and (subject to Section 3.07) interest, if any, on such Security on the respective Stated Maturities expressed in such Security (or, in the case of redemption, on the Redemption
Date), to require conversion of such Security, if convertible, and to institute suit for the enforcement of any such payment and any such right to convert and such right shall not be impaired without the consent of such Holders. 

 

	 	SECTION 5.09.	Restoration of Rights and Remedies. 

 If the Trustee or the Holder of any Security has
instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case the
Company, the Trustee and the Holders of Securities shall, subject to any determination in such proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of the Trustee and such
Holders shall continue as though no such proceeding had been instituted. 
  

	 	SECTION 5.10.	Rights and Remedies Cumulative. 

 Except as otherwise provided with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of Section 3.06, no right or remedy herein conferred upon or reserved to the Trustee, the Securities Agent or to the Holders of Securities 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 

  
 46 

 
addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise,
shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
  

	 	SECTION 5.11.	Delay or Omission Not Waiver. 

 No delay or omission of the Trustee, the Securities Agent
or of any Holder of any Security of any series to exercise any right or remedy accruing upon any Event of Default in respect of the Securities of such series shall impair any such right or remedy or constitute a waiver of any such Event of Default
or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee, the Securities Agent or to the Holders of Securities may be exercised from time to time, and as often as may be deemed expedient, by the Trustee, the
Securities Agent or by such Holders, as the case may be. 
  

	 	SECTION 5.12.	Control by Securityholders. 

 The Holders of not less than a majority in aggregate
principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee
with respect to the Securities of such series, provided that: 
 (1) such direction shall not be in conflict with any
rule of law or this Indenture or with the Securities of any series, or be unduly prejudicial to Holders not joining therein, 

(2) the Trustee shall have the right to receive security or indemnity satisfactory to it in its sole discretion prior to
complying with any such direction, and 
 (3) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction. 
  

	 	SECTION 5.13.	Waiver of Past Defaults. 

 The Holders of not less than a majority in aggregate principal
amount of the Outstanding Securities of any series may on behalf of the Holders of all Securities of such series waive any past default hereunder with respect to Securities of such series and its consequences if all amounts due hereunder to the
Trustee and the Securities Agent have been paid in full, except a default: 
 (1) in the payment of the principal of (or
premium, if any) or interest, if any, on any Security of such series, or 
 (2) in respect of a covenant or provision hereof
which under Article Nine cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series affected. 

  
 47 

 Upon any such waiver, such default shall cease to exist, and any Event of Default arising
therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

 

	 	SECTION 5.14.	Undertaking for Costs. 

 All parties to this Indenture agree, and each Holder of any
Security of any series by such Holder’s 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 or the Securities Agent for any action taken or omitted by it as Trustee or the Securities Agent the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess
reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not
apply to any suit instituted by the Trustee or the Securities Agent to any suit instituted by any Holder or group of Holders, holding in the aggregate more than 10% in principal amount of the Outstanding Securities of any series or to any suit
instituted by any Holder of a Security for the enforcement of the payment of the principal of (or premium, if any) or interest, if any, on any Security of any series on or after the respective Stated Maturities expressed in such Security (or, in the
case of redemption, on or after the Redemption Date). 
  

	 	SECTION 5.15.	Waiver of Stay or Extension Laws. 

 The Company covenants (to the extent that it may
lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any similar law wherever enacted, now or at any time hereafter in force, which
may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede the
execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

  
 48 

 ARTICLE SIX 

THE TRUSTEE AND THE SECURITIES AGENT 
  

	 	SECTION 6.01.	Certain Duties and Responsibilities. 

 (a) The Trustee, except during the
continuance of an Event of Default in respect of the Securities of any series, and the Securities Agent: 
 (1) undertake to
perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee or the Securities Agent; and 

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

(c) No provision of this Indenture shall be construed to relieve the Trustee or the Securities Agent from liability for its own
negligent action, its own negligent failure to act, or its own willful misconduct, except that: 
 (1) this Subsection shall
not be construed to limit the effect of Subsection (a) of this Section; 
 (2) neither the Trustee nor the
Securities Agent shall be liable for any error of judgment made in good faith by a Responsible Officer, unless it shall be conclusively determined by the final judgment of a court of competent jurisdiction in the State of New York, no longer subject
to appeal or review that the Trustee or the Securities Agent, as the case may be, was negligent in ascertaining the pertinent facts; 

  
 49 

 (3) neither the Trustee nor the Securities Agent shall be liable with respect to
any action taken, suffered or omitted to be taken by it in good faith in accordance with the direction of the Holders of a majority in principal amount (or such lesser principal amount as is provided for by this Indenture) of the Outstanding
Securities of any series relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture, in respect of the Securities of
such series; 
 (4) neither the Trustee nor the Securities Agent shall be required to take notice or be deemed to have notice
or knowledge of any default or Event of Default unless a Responsible Officer of the Trustee or the Securities Agent, as applicable, shall have received written notice or obtained actual knowledge thereof. In the absence of receipt of such notice or
actual knowledge, each of the Trustee and the Securities Agent may conclusively assume that there is no default or Event of Default; and 

(5) neither the Trustee nor the Securities Agent shall have any duty (A) to see to any recording, filing, or depositing of
this Indenture or any agreement referred to herein or any financing statement or continuation statement evidencing a security interest, or to see to the maintenance of any such recording or filing or depositing or to any rerecording, refiling or
redepositing of any thereof, (B) to see to any insurance, (C) to see to the payment or discharge of any tax, assessment, or other governmental charge or any lien or encumbrance. 

(d) No provision of this Indenture shall require the Trustee or the Securities Agent to expend or risk its own funds or
otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if that repayment of such funds or adequate indemnity against such risk or liability is not reasonably
assured to it. 
 (e) 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 or the Securities Agent shall be subject to the provisions of this Section. 

  
 50 

	 	SECTION 6.02.	Notice of Default. 

 If a default occurs and is continuing in respect of the Securities
of any series as to which the Trustee has received notice pursuant to the provisions of this Indenture, or as to which a Responsible Officer of the Trustee shall have actual knowledge, then within 90 days after receipt of such notice or after
acquiring actual knowledge, as applicable, the Trustee shall give or transmit, in the manner and to the extent provided in Sections 1.06 to the Securities Agent and the Holders of Securities of such series notice of such default unless such
default shall have been cured or waived; provided, however, that, except in the case of a default in the payment of the principal of (or premium, if any) or interest, if any, on any Security of such series or the making of any sinking
fund payment in respect of the Securities of such series when due, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible
Officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders of Securities of such series; and provided, further, that in the case of any default of the character specified in
Section 5.01(c) with respect to Securities of such series no such notice to Holders of Securities of such series shall be given until at least 60 days after the Trustee’s receipt of notice of such default or acquiring actual
knowledge thereof, as applicable. For the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to Securities of such series. 

 

	 	SECTION 6.03.	Certain Rights of Trustee and Securities Agent. 

 Subject to the provisions of
Section 6.01: 
 (a) the Trustee and the Securities Agent may rely and shall be protected in acting or refraining
from acting upon any resolution, certificate, statement, instrument, Opinion of Counsel, Officer’s Certificate, appraisal opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document believed by it to
be genuine and to have been signed or presented by the proper party or parties; 
 (b) any request or direction of the
Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 

(c) whenever in the administration of this Indenture the Trustee or the Securities Agent shall deem it desirable that a matter
be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee or the 

  
 51 

 
Securities Agent (unless other evidence be herein specifically prescribed) may require an Officer’s Certificate and/or an Opinion of Counsel. Neither the Trustee nor the Securities Agent
shall be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificates or Opinion of Counsel; 

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

(e) neither the Trustee nor the Securities Agent shall be under any obligation to exercise any of the rights or powers vested
in it by this Indenture or to institute, conduct or defend any litigation hereunder at the request or direction of any of the Securityholders pursuant to this Indenture, unless such Securityholders shall have offered to the Trustee or the Securities
Agent, as applicable, security or indemnity satisfactory to the Trustee or the Securities Agent, as applicable, against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 

(f) neither the Trustee nor the Securities Agent shall be bound to make any investigation into the facts or matters stated in
any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document but the Trustee or the Securities Agent, as applicable, in its discretion, may make such
further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee or the Securities Agent, as applicable, shall determine to make such further inquiry or investigation, it shall be entitled to examine the books,
records and premises of the Company, personally or by agent or attorney; 
 (g) each of the Trustee and the Securities Agent
may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents, custodians or attorneys and the Trustee or the Securities Agent, as applicable, shall not be responsible for any misconduct or
negligence on the part of any agent, custodians or attorney appointed with due care by it hereunder; 
 (h) neither the
Trustee nor the Securities Agent shall be liable for any action taken, suffered or omitted to be taken by it in good faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this
Indenture; 

  
 52 

 (i) the right of each of the Trustee and the Securities Agent to perform any
discretionary act enumerated in this Indenture shall not be construed as a duty, and neither the Trustee nor the Securities Agent shall be answerable other than for its negligence or willful misconduct in the performance or omission of such act;

 (j) neither the Trustee nor the Securities Agent shall be required to give any bond or surety in respect of the execution
of the trusts created hereby or the powers granted hereunder; 
 (k) in the event that either the Trustee or Securities Agent
is also acting in the capacity of Securities Registrar, transfer agent, or Paying Agent, the rights, privileges, protections, exculpations, immunities, indemnities and benefits afforded under this Indenture to the Trustee or the Securities Agent, as
applicable, shall also be afforded to the Trustee or the Securities Agent, as applicable, acting in such capacities and to each of their Responsible Officers and other Persons duly employed by them, as if such rights, privileges, protections,
exculpations, immunities, indemnities and benefits were expressly set forth herein for their benefit in each such capacity, mutatis mutandis; 

(l) neither the Trustee nor the Securities Agent shall be responsible for delays or failures in performance resulting directly
or indirectly from forces beyond its control (including, without limitation, acts of God, strikes, work stoppages, lockouts, accidents, severe weather, floods, nuclear or natural catastrophes, riots, civil or military disturbances or hostilities,
acts of war or terrorism, any provision of any present or future law or regulation or any act of any governmental authority, and any interruption, loss or malfunction of utilities, communications, computer services (software or hardware) or Federal
Reserve Bank wire service); 
 (m) notwithstanding anything to the contrary herein, any and all email communications (both
text and attachments) by or from the Securities Agent that the Securities Agent deems to contain confidential, proprietary, and/or sensitive information may be encrypted. The recipient (the “Email Recipient”) of the encrypted email
communication will be required to complete a registration process. Instructions on how to register and/or retrieve an encrypted message will be included in the first secure email sent by the Securities Agent to the Email Recipient; 

(n) the Trustee or the Securities Agent may request that the Company deliver an Officer’s Certificate setting forth the
names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this 

  
 53 

 
Indenture, which Officer’s Certificate may be signed by any such person authorized to sign an Officer’s Certificate, including any person specified as so authorized in any such
certificate previously delivered and not superseded; 
 (o) to help the U.S. government fight the funding of terrorism and
money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. If an account is opened with the Trustee or the Securities Agent, the Trustee or
the Securities Agent, as applicable, will ask for information that will allow the Trustee or the Securities Agent, as applicable, to identify relevant parties. The parties hereto hereby acknowledge such information disclosure requirements and agree
to comply with all such information disclosure requests from time to time from the Trustee or the Securities Agent, as applicable, should they look to open an account with the Trustee or the Securities Agent, as applicable; 

(p) unless the Securities Agent receives written notice of an error or omission related to any financial information or
disbursements provided to Holders within 60 days of Holders’ receipt thereof, the Securities Agent shall not have any liability in connection therewith and the Securities Agent shall not have any obligations with respect thereto absent written
direction and indemnity by the requisite percentage of Holders entitled to direct the Securities Agent pursuant to the terms of this Indenture. Notwithstanding anything herein to the contrary, in no event shall the Securities Agent be required to
expend or risk its own funds or to make any advances as a result of errors or omissions requiring modifications or adjustments of any kind to disbursements made to Holders; 

(q) in making or disposing of any investment permitted by this Indenture, the Trustee and the Securities Agent are authorized
to deal with themselves (in their individual capacity) or with any one or more of their Affiliates, in each case on an arm’s-length basis and on standard market terms, whether they or such Affiliate is acting as a subagent of the Trustee, the
Securities Agent or for any third person or dealing as principal for its own account; 
 (r) anything in this Indenture to
the contrary notwithstanding, in no event shall either of the Trustee or the Securities Agent be liable for special, indirect, incidental, exemplary, punitive or consequential loss, expense or damage of any kind whatsoever (including but not limited
to lost profits), whether or not any such losses, expenses or damages were foreseeable or contemplated, even if the Trustee or the Securities Agent, as applicable, has been advised of the likelihood of such loss, expense or damage and regardless of
the form of action; 

  
 54 

 (s) delivery of reports, information and documents to the Trustee or the
Securities Agent shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Issuer’s or any other entity’s compliance with any covenants under this
Indenture, the Securities or any other related documents. Neither the Trustee nor the Securities Agent shall be obligated to monitor or confirm, on a continuing basis or otherwise, the Company’s or any other entity’s compliance with the
covenants described herein or with respect to any reports or other documents filed under this Indenture, the Securities or any other related document; and 

(t) no provision of this Indenture or any other related document shall be deemed to impose any duty or obligation on either of
the Trustee or the Securities Agent to take or omit to take any action, or suffer any action to be taken or omitted, in the performance of its duties or obligations under the Indenture or any other such related document, or to exercise any right or
power hereunder or thereunder, to the extent that taking or omitting to take such action or suffering such action to be taken or omitted would violate applicable law binding upon it (which determination may be based on the advice or opinion of
counsel), or which shall be beyond the corporate powers, authorization or qualification of the Trustee or the Securities Agent, as applicable. 
  

	 	SECTION 6.04.	Not Responsible for Recitals or Issuance of Securities. 

 The recitals contained herein
and in the Securities of any series, except the certificates of authentication, shall be taken as the statements of the Company, and the Trustee and the Securities Agent assume no responsibility for their correctness. The Trustee and the Securities
Agent make no representations as to the validity or sufficiency of this Indenture or of the Securities of any series, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture and perform its obligations
hereunder and that the statements made by it in a Statement of Eligibility on Form T-1 supplied to the Company are true and accurate, subject to the qualifications set forth therein. The Securities Agent makes no representations as to the validity
or sufficiency of this Indenture or of the Securities of any Series, except that the Securities Agent represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder.
Neither the Trustee nor the Securities Agent shall be accountable for the use or application by the Company of Securities of any series or the proceeds thereof. 
  

	 	SECTION 6.05.	May Hold Securities. 

 The Trustee, the Securities Agent, any Paying Agent, any Security
Registrar or any other agent of the Company, the Securities Agent or the Trustee, in its 

  
 55 

 
individual or any other capacity, may become the owner or pledgee of Securities of any series and, subject to Sections 6.08 and 6.13, may otherwise deal with the Company with the
same rights it would have if it were not Trustee, the Securities Agent, Paying Agent, Security Registrar or such other agent. 
  

	 	SECTION 6.06.	Money Held in Trust. 

 Money held by the Trustee or the Securities Agent in trust
hereunder need not be segregated from other funds except to the extent required by law. Neither the Trustee nor the Securities Agent shall be under any liability for interest on any money received by it hereunder except as provided in
Section 4.02 or as otherwise agreed with the Company. 
  

	 	SECTION 6.07.	Compensation and Reimbursement. 

 (a) The Company agrees: 

(1) to pay to each of the Trustee and the Securities Agent from time to time reasonable compensation for all services rendered
by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(2) except as otherwise expressly provided herein, to reimburse each of the Trustee and the Securities Agent upon its request
for all reasonable expenses, disbursements and advances incurred or made by each of the Trustee or the Securities Agent in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of
its agents and counsel), except any such expense, disbursement or advance directly attributable to its negligence or willful misconduct as determined by a court of competent jurisdiction in a final and non-appealable decision; and 

(3) to indemnify each of the Trustee and the Securities Agent for, and to hold it harmless against, any loss, liability, damage
or expense (including the reasonable fees and expenses of its counsel, agents, custodians or co-trustees and taxes other than those based upon the income of the Trustee or Securities Agent) incurred without negligence or willful misconduct as
determined by a court of competent jurisdiction in a final and non-appealable decision on its part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending
itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. 

  
 56 

 (b) As security for the performance of the obligations of the Company under this
Section, each of the Trustee and the Securities Agent shall have a prior lien to the Securities of a series upon all property and funds held or collected by the Trustee or the Securities Agent as such, except funds held in trust for the payment of
principal (and premium, if any) of or interest, if any, on particular Securities. 
 (c) The indemnity obligations of the
Company with respect to the Trustee and/or the Securities Agent provided for in this Section 6.07 shall survive any resignation or removal of the Trustee and/or the Securities Agent, as applicable. 

 

	 	SECTION 6.08.	Disqualification; Conflicting Interests. 

 The Trustee shall comply with the provisions
of Section 310(b) of the Trust Indenture Act. 
  

	 	SECTION 6.09.	Corporate Trustee Required; Eligibility. 

 There shall at all times be a Trustee
hereunder which shall be a corporation organized and doing business under the laws of the United States or of any State, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $100,000,000,
subject to supervision or examination by Federal or State 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. If at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section, it shall resign immediately in respect of the Securities of all series in the manner and with the effect hereinafter specified in this Article. 

 

	 	SECTION 6.10.	Resignation and Removal; Appointment of Successor. 

 (a) No resignation
or removal of the Trustee or the Securities Agent and no appointment of a successor Trustee or successor Securities Agent pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee or successor
Securities Agent in accordance with the applicable requirements of Section 6.11. 

  
 57 

 (b) Each of the Trustee and the Securities Agent may resign at any time in
respect of the Securities of one or more series by giving written notice thereof to the Company and the Trustee or the Securities Agent, as applicable. If an instrument of acceptance by a successor Trustee or successor Securities Agent shall not
have been delivered to the Trustee or Securities Agent, as applicable, within 30 days after the giving of such notice of resignation, the resigning Trustee or resigning Securities Agent, as applicable, may petition any court of competent
jurisdiction for the appointment of a successor Trustee or successor Securities Agent, as applicable, in respect of the Securities of such series. 

(c) Each of the Trustee and the Securities Agent may be removed at any time in respect of the Securities of any series by Act
of the Holders of a majority in principal amount of the Outstanding Securities of such series, delivered to the Trustee, the Securities Agent and to the Company. 

(d) If at any time: 

(1) the Trustee shall fail to comply with Section 6.08 after written request therefor by the Company or by any
Securityholder who has been a bona fide Holder of a Security for at least six months, or 
 (2) the Trustee shall cease to be
eligible under Section 6.09 and shall fail to resign after written request therefor by the Company or by any such Securityholder, or 

(3) the Trustee or the Securities Agent shall become incapable of acting or shall have entered against it a decree for relief
under the federal bankruptcy laws or be adjudged as bankrupt or insolvent under applicable law or a receiver of the Trustee or Securities Agent, as applicable, or of its property shall be appointed or any public officer shall take charge or control
of the Trustee or Securities Agent, as applicable, or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

then, in any such case, (i) the Company, by a Board Resolution, may remove the Trustee or Securities Agent, as applicable, in respect of
all Securities or (ii) subject to Section 5.14, any Holder who has been a bona fide Holder of a Security for at least 6 months may, on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the removal of the Trustee or Securities Agent, as applicable, in respect of all Securities and the appointment of a successor Trustee or Trustees or successor Securities Agent, as applicable. 

  
 58 

 (e) If the Trustee or Securities Agent shall resign, be removed or become
incapable of acting, or if a vacancy shall occur in the office of Trustee or Securities Agent for any cause, in respect of the Securities of one or more series, the Company, by a Board Resolution shall promptly appoint a successor Trustee or
Trustees or successor Securities Agent, as applicable (it being understood that any such successor Trustee or successor Securities Agent, as applicable, may be appointed in respect of the Securities of any one or more or all of such series and that
at any time there shall be only one Trustee or Securities Agent, as applicable, in respect of the Securities of any one series). If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor
Trustee or successor Securities Agent, as applicable, in respect of the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and the
retiring Trustee or Securities Agent, as applicable, the successor Trustee or successor Securities Agent, as applicable, so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee or successor Securities
Agent, as applicable, and supersede the successor Trustee or successor Securities Agent, as applicable, appointed by the Company. If no successor Trustee or successor Securities Agent, as applicable, in respect of the Securities of any series shall
have been so appointed by the Company or such Holders and accepted appointment in the manner hereinafter provided, within 60 days after the occurrence of the event as a result of which a successor Trustee or successor Securities Agent, as
applicable, may be appointed, then the Trustee or Securities Agent, as applicable, may, or any Holder who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated,
petition any court of competent jurisdiction for the appointment of a successor Trustee or successor Securities Agent, as applicable, in respect of the Securities of such series. 

(f) The Company shall give notice of each resignation and each removal of the Trustee or Securities Agent, as applicable, in
respect of the Securities of any series and each appointment of a successor Trustee or successor Securities Agent, as applicable, in respect of the Securities of any series in the manner and to the extent set forth in Section 1.06. Each
notice shall include the name of the successor Trustee or successor Securities Agent, as applicable, in respect of the Securities of such series and the address of its principal corporate trust office. 

 

	 	SECTION 6.11.	Acceptance of Appointment by Successor. 

 In case of the appointment hereunder of a
successor Trustee or successor Securities Agent, as applicable, in respect of all Securities, every successor Trustee or 

  
 59 

 
successor Securities Agent, as applicable, appointed hereunder shall execute, acknowledge and deliver to the Company and to the retiring Trustee or retiring Securities Agent, as applicable, an
instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee or retiring Securities Agent, as applicable, shall become effective and such successor Trustee or successor Securities Agent, as applicable,
without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties, of the retiring Trustee or retiring Securities Agent, as applicable, but, on request of the Company or the successor Trustee or
successor Securities Agent, as applicable, such retiring Trustee or retiring Securities Agent, as applicable, shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee or successor Securities Agent,
as applicable, all the rights, powers and trusts of the retiring Trustee or retiring Securities Agent, as applicable, and shall duly assign, transfer and deliver to such successor Trustee or successor Securities Agent, as applicable, all property
and money held by such retiring Trustee or retiring Securities Agent, as applicable, hereunder. Upon request of any such successor Trustee or successor Securities Agent, as applicable, the Company shall execute any and all instruments for more fully
and certainly vesting in and confirming to such successor Trustee or successor Securities Agent, as applicable, all such rights, powers and trusts. 

In case a successor Trustee or successor Securities Agent, as applicable, is appointed in respect of the Securities of one or more (but not
all) series, the Company, the retiring Trustee or retiring Securities Agent, as applicable, and each successor Trustee or successor Securities Agent, as applicable, in respect of the Securities of any such series shall execute and deliver a
supplemental indenture hereto wherein each successor Trustee or successor Securities Agent, as applicable, shall accept such appointment and which (1) shall contain such provisions as shall be deemed necessary or desirable to transfer and
confirm to, and to vest in, each successor Trustee or successor Securities Agent, as applicable, all the rights, powers and trusts of the retiring Trustee or retiring Securities Agent, as applicable, in respect of the Securities of that or those
series to which the appointment of the successor Trustee or successor Securities Agent, as applicable, relates, (2) if the retiring Trustee or retiring Securities Agent, as applicable, is not retiring in respect of all Securities, shall contain
such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers and trusts of the retiring Trustee or retiring Securities Agent, as applicable, in respect of the Securities of that or those series as to which the
retiring Trustee or retiring Securities Agent, as applicable, is not retiring shall continue to be vested in the retiring Trustee or retiring Securities Agent, as applicable, and (3) shall add to or change any of the provisions of this
Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee or Securities Agent, as applicable, 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 or Securities Agent, as applicable, shall be Trustee of a trust or 

  
 60 

 
trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee or Securities Agent, as applicable; and upon the execution and delivery of such
supplemental indenture the resignation or removal of the retiring Trustee or retiring Securities Agent, as applicable, shall become effective to the extent provided therein and each successor Trustee or successor Securities Agent, as applicable,
without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee or retiring Securities Agent, as applicable, in respect of the Securities of that or those series to which the
appointment of such successor Trustee or successor Securities Agent, as applicable, relates; but, on request of the Company or any successor Trustee or successor Securities Agent, as applicable, such retiring Trustee or retiring Securities Agent, as
applicable, shall duly assign, transfer and deliver to such successor Trustee or successor Securities Agent, as applicable, all property and money held by such retiring Trustee or retiring Securities Agent, as applicable, hereunder in respect of the
Securities of that or those series for which the appointment of such successor Trustee or successor Securities Agent, as applicable, relates. 

No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible
under this Article. 
  

	 	SECTION 6.12.	Merger, Conversion, Consolidation or Succession to Business of Trustee or Securities Agent. 

Any corporation into which the Trustee or the Securities 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 the Trustee or the Securities Agent shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee or the
Securities Agent, shall be the successor of the Trustee or Securities Agent, as applicable, hereunder, provided such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any
further act on the part of any of the parties hereto. In case any of the Securities of any series shall have been authenticated, but not delivered, by the Securities Agent then in office, any successor by merger, conversion or consolidation to such
authenticating Securities Agent may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Securities Agent had itself authenticated such Securities. 

 

	 	SECTION 6.13.	Preferential Collection of Claims Against Company. 

 If and when the Trustee shall be or
become a creditor of the Company (or any other obligor upon the Securities), the Trustee shall be subject to the provisions of Section 311(a) of the Trust Indenture Act regarding the collection of claims against the

  
 61 

 
Company (or any such other obligor), excluding any creditor relationships described in Section 311(b) of the Trust Indenture Act. A Trustee who resigned or has been removed shall be subject
to Section 311(a) of the Trust Indenture Act to the extent indicated therein. 
 ARTICLE SEVEN 

SECURITYHOLDERS’ LISTS AND REPORTS BY SECURITIES AGENT AND COMPANY 

 

	 	SECTION 7.01.	Company to Furnish Trustee and Securities Agent Names and Addresses of Securityholders. 

The Company will furnish or cause to be furnished to the Trustee and the Securities Agent, in respect of each series of Securities: 

(a) at the written request of the Trustee or the Securities Agent, semi-annually, not more than 15 days after each Regular
Record Date in respect of the Securities of such series or, if there is no Regular Record Date relating to the Securities of such series, on each June 30 and December 31, a list in such form as the Trustee or the Securities Agent, as
applicable, may reasonably require, containing all the information in the possession or control of the Company or any Paying Agent other than the Trustee or the Securities Agent, as applicable, as to the names and addresses of the Holders of
Securities of such series as of such Regular Record Date or the preceding June 15 or December 15, as the case may be; 

(b) at such other times as the Trustee or the Securities Agent, as applicable, may request in writing, within 30 days after
receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; and 

(c) the Trustee and the Securities Agent shall be entitled to fully rely with no liability therefor on the most recent such
list provided to it; 
 provided, however, that so long as the Trustee or the Securities Agent, as applicable, is the Security
Registrar in respect of the Securities of such series, no such list shall be required to be furnished in respect of Holders of Registered Securities of such series to the Trustee or the Securities Agent, as applicable. 

  
 62 

	 	SECTION 7.02.	Preservation of Information; Communications to Securityholders. 

 (a) The
Securities Agent shall preserve, in respect of each series of Securities, in as current a form as is reasonably practicable, (i) the names and addresses of Holders of Securities of such series contained in the most recent list furnished to the
Trustee as provided in Section 7.01 and (ii) the names and addresses of Holders of Registered Securities of such series received by the Securities Agent in its capacity as Security Registrar or Paying Agent in respect thereof, if so
acting. 
 Each of the Trustee and the Securities Agent may destroy any list furnished to it as provided in
Section 7.01 upon receipt of a new list so furnished. 
 (b) If three or more Holders of Securities of any series
(hereinafter referred to as “applicants”) apply in writing to the Securities Agent, and furnish to the Securities Agent proof reasonably satisfactory to the Securities Agent that each such applicant has owned a Security of such
series for a period of at least six months preceding the date of such application, and such application states that the applicants desire to communicate with other Holders of such Securities with respect to their rights under this Indenture or under
such Securities and is accompanied by a copy of the form of proxy or other communication which such applicants propose to transmit, then the Securities Agent shall, within five Business Days after the receipt of such application, at its election,
either 
 (i) afford such applicants access to the information preserved at the time by the Securities Agent in accordance
with Subsection (a), or 
 (ii) inform such applicants as to the approximate number of Holders of such Securities
whose names and addresses appear in the information preserved at the time by the Securities Agent in accordance with Subsection (a), and as to the approximate cost of mailing to such Holders the form of proxy or other communication, if any,
specified in such application. 
 If the Securities Agent shall elect not to afford such applicants access to such
information, the Securities Agent shall, upon the written request of such applicants, mail to each Holder of Securities of such series whose name and address appear in the information preserved at the time by the Securities Agent in accordance with
Subsection (a), a copy of the form of proxy or other communication which is specified in such request, with reasonable promptness after a tender to the Securities Agent of the material to be mailed and of payment,

  
 63 

 
or provision for the payment, of the reasonable expenses of mailing, unless within five days after such tender, the Securities Agent shall mail to such applicants and file with the Commission
together with a copy of the material to be mailed, a written statement to the effect that, in the sole discretion of the Securities Agent, such mailing would be contrary to the best interests of the Holders of the Securities of such series or would
be in violation of applicable law. Such written statement shall specify the basis of such opinion. If the Commission, after opportunity for a hearing upon the objections specified in the written statement so filed, shall enter an order refusing to
sustain any of such objections or if, after the entry of an order sustaining one or more of such objections, the Commission shall find, after notice and opportunity for hearing, that all the objections so sustained have been met and shall enter an
order so declaring, the Securities Agent shall mail copies of such material to all such Holders with reasonable promptness after the entry of such order and the renewal of such tender; otherwise the Securities Agent shall be relieved of any
obligation or duty to such applicants respecting their application. 
 (c) Every Holder of Securities, by receiving and
holding the same, agrees with the Company and the Securities Agent that neither the Company nor the Securities Agent, nor any agent of either of them, shall be held accountable by reason of the disclosure of any such information as to the names and
addresses of the Holders of Securities in accordance with Subsection (b), regardless of the source from which such information was derived, and that the Securities Agent shall not be held accountable by reason of mailing any material pursuant
to a request made under Subsection (b). 
  

	 	SECTION 7.03.	Reports by Trustee. 

 Within 60 days after May 15 in each year, commencing with the
first May 15 after the first issuance of Securities pursuant to this Indenture, if required to do so by Section 313 of the Trust Indenture Act, the Trustee shall transmit by mail to all Holders such reports concerning the Trustee and its
actions under this Indenture in accordance with and to the extent required under Section 313 of the Trust Indenture Act. 
 A copy of
each such report in respect of the Securities of any series shall, at the time of such transmission to Holders of Securities of such series, if any, be filed by the Trustee with each stock exchange upon which the Securities of such series are listed
and also with the Commission and with the Company if permitted thereby. The Company will notify the Trustee when the Securities of any series are listed on any stock exchange. 

  
 64 

	 	SECTION 7.04.	Reports by Company. 

 The Company will: 

(1) file with the Trustee, within 15 days after the Company is required to file the same with the Commission, copies of the
annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) which the Company may be required to file with the
Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as amended; or, if the Company is not required to file information, documents or reports pursuant to either of said Sections, then it will file with
the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and reports which may be required pursuant to Section 13 of
the Securities Exchange Act of 1934, as amended, in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 

(2) file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the
Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants of this Indenture as may be required from time to time by such rules and regulations; and 

(3) transmit by mail to all Holders of Securities of any series, within 30 days after the filing thereof with the Trustee, such
summaries of any information, documents and reports required to be filed by the Company pursuant to paragraphs (1) and (2) of this Section as may be required by rules and regulations prescribed from time to time by the
Commission. 
 The Company intends to file the reports referred to in Section 7.04(1) hereof with the Commission in electronic
form pursuant to Regulation S-T of the Commission using the Commission’s Electronic Data Gathering, Analysis and Retrieval system. Compliance with the foregoing, or any successor electronic system approved by the Commission, shall constitute
delivery by the Company of such reports to the Trustee and Holders in compliance with the provision of Section 704 and TIA Section 314(a). 

  
 65 

 ARTICLE EIGHT 

CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER 
  

	 	SECTION 8.01.	Company May Consolidate, etc., Only on Certain Terms. 

 The Company shall not consolidate
with or merge into any Person or sell, assign, transfer, lease or otherwise convey all or substantially all its properties and assets to any Person, unless: 

(1) either (A) the Company shall be the continuing Person (in the case of a merger), or (B) the successor Person (if
other than the Company) formed by such consolidation or into which the Company is merged or the Person which acquires all or substantially all the properties and assets of the Company shall be a corporation, limited liability company, partnership or
trust organized and existing under the laws of the United States or any State or the District of Columbia, and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee and the Securities Agent the due and
punctual payment of the principal of (and premium, if any) and interest, if any, on all Securities of all series and the performance of every covenant of this Indenture on the part of the Company to be performed or observed; 

(2) immediately after giving effect to such transaction, no Event of Default in respect of the Securities of any series, and no
event which, after notice or lapse of time, or both, would become an Event of Default in respect of the Securities of any series, shall have happened and be continuing; and 

(3) the Company has delivered to the Trustee and the Securities Agent an Officers’ Certificate and an Opinion of Counsel
each stating that such consolidation, merger, conveyance or transfer and such indenture supplemental hereto comply with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with. 

 

	 	SECTION 8.02.	Successor Corporation Substituted. 

 Upon any consolidation or merger, or any conveyance
or transfer of all or substantially all the properties and assets of the Company in accordance with Section 8.01, the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance or
transfer is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as the

  
 66 

 
Company herein. In the event of any such conveyance or transfer (other than a transfer by way of lease) the predecessor Person shall be discharged from all obligations and covenants under this
Indenture and any of the Securities, and may be liquidated and dissolved. 
 ARTICLE NINE 

SUPPLEMENTAL INDENTURES 
  

	 	SECTION 9.01.	Supplemental Indentures Without Consent of Securityholders. 

 Without the consent of the
Holders of any Securities, the Company, when authorized by a Board Resolution, the Securities Agent and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee
and the Securities Agent, for any of the following purposes: 
 (1) to evidence the succession of another Person to the
Company, and the assumption by any such successor of the covenants of the Company contained herein and in the Securities of all series; or 

(2) to add to the covenants of the Company, for the benefit of the Holders of all or any series of such Securities (and if such
covenants are to be for the benefit of less than all series of Securities, stating that such covenants are being included solely for the benefit of such series), or to surrender any right or power herein conferred upon the Company; or 

(3) to cure any ambiguity, to correct or supplement any provision herein or in any supplemental indenture which may be
defective or inconsistent with any other provision herein or in any supplemental indenture, or to make any other provisions with respect to matters or questions arising under this Indenture or under any supplemental indenture, in each case in such
manner as shall not adversely affect the interests of the Holders of Outstanding Securities of any series in any material respect; or 

(4) to secure payment of Outstanding Securities or to add guarantees for the benefit of the Securities of any series; or 

(5) to add any additional Events of Default with respect to any or all series of Securities (and, if any such additional Event
of Default applies to fewer than all series of Securities, stating each series to which such Event of Default applies); or 

  
 67 

 (6) to add to or change any of the provisions of this Indenture to the extent
necessary to permit or facilitate the issuance of Securities in bearer form, registrable or not registrable as to principal, and with or without coupons, to change or eliminate any restrictions on the payment of principal of (or any premium, if any)
or interest, if any, on Registered Securities or to permit or facilitate the issuance of Securities in uncertificated form, provided that any such action shall not adversely affect the interests of the Holders of Outstanding Securities of any
series in any material respect; or 
 (7) to change or eliminate any of the provisions of this Indenture, provided
that any such change or elimination shall become effective only when there is no Security Outstanding of any series created prior to the execution of such indenture supplemental hereto which is entitled to the benefit of such provision; or 

(8) to add to such conditions, limitations and restrictions on the authorized amount, form, terms or purposes of issue,
authentication and delivery of Securities as are herein set forth other conditions, limitations and restrictions thereafter to be observed; or 

(9) to add or change or eliminate any provisions of this Indenture as shall be necessary or desirable in accordance with the
Trust Indenture Act; or 
 (10) (a) to establish the forms or terms of Securities of any series as permitted by Sections
2.01 and 3.01 (whether established by indenture supplemental hereto or pursuant to Board Resolution) or (b) to amend such forms or terms (whether established by indenture supplemental hereto or pursuant to Board Resolution) in any
manner which shall not adversely affect the interests of the Holders of Outstanding Securities of any series in any material respect; or 

(11) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee or Securities Agent with
respect to Securities of one or more series or to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee or Securities Agent,
pursuant to the requirements of Section 6.11; 
 (12) to supplement any of the provisions of this Indenture to
the extent necessary to permit or facilitate the defeasance and discharge of any series of Securities pursuant to Sections 4.01 and 4.03; provided that any such action shall not adversely affect the interests of the Holders of
Outstanding Securities of any series in any material respect; or 
 (13) to conform the terms of the Indenture or the
Securities of any series to the description thereof contained in any prospectus or other offering document or memorandum relating to the offer and sale of such Securities. 

  
 68 

	 	SECTION 9.02.	Supplemental Indentures With Consent of Securityholders. 

 With the consent of the
Holders of not less than a majority in principal amount of the Outstanding Securities of each series affected thereby (or such greater percentage in such principal amount as may be specified with respect to the Securities of such series pursuant to
Section 3.01), by Act of said Holders delivered to the Company, the Securities Agent and the Trustee, the Company, when authorized by a Board Resolution, the Securities Agent and the Trustee may enter into an indenture or indentures
supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders of Securities of such series under this
Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security of each series affected thereby: 

(1) change the Stated Maturity of the principal of, or any installment of interest on, any Security of such series, or reduce
the principal amount thereof or the rate of any interest thereon or any premium payable upon the redemption thereof, or reduce the amount of principal of an Original Issue Discount Security that would be due and payable upon a declaration of
acceleration of Maturity thereof pursuant to Section 5.02, or change the coin or currency in which any Security of such series or any premium or any interest thereon is payable, or impair the right to institute suit for the enforcement
of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date), or impair the right of repayment, if any, of the Securities of such series at the option of the Holders thereof or the
right to institute suit for the enforcement of any such repayment on or after the date such repayment is due and payable or impair the right of conversion, if any, of any Security of such series at the option of the Holder thereof or the right to
institute suit for the enforcement of any such right of conversion, or relieve the obligation of the Company to redeem, repay or purchase any Security of such series pursuant to any sinking fund or analogous provisions or otherwise; or 

(2) reduce the percentage in principal amount of the Outstanding Securities of such series, the consent of whose Holders is
required for any such indenture supplemental hereto or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in this
Indenture; or 
 (3) modify any of the provisions of this Section or Section 5.13, except to increase any such
percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby. 

  
 69 

 A supplemental indenture which changes or eliminates any covenant or other provision of this
Indenture which has expressly been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be
deemed not to affect the rights under this Indenture of the Holders of Securities of any other series. 
 It shall not be necessary for any
Act of Holders under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 

 

	 	SECTION 9.03.	Execution of Supplemental Indentures. 

 In executing, or accepting the additional trusts
created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture the Trustee and the Securities Agent shall receive, and (subject to Section 6.01) shall be fully
protected in relying upon, an Opinion of Counsel and an Officer’s Certificate stating that the execution of such supplemental indenture is authorized or permitted by this Indenture and enforceable against the Company. The Trustee and the
Securities Agent may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s or the Securities Agent’s own rights, duties, liabilities or immunities under this Indenture or otherwise. 

 

	 	SECTION 9.04.	Effect of Supplemental Indentures. 

 Upon the execution of any supplemental indenture
under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and the Holders of Securities of any series affected thereby theretofore or
thereafter authenticated and delivered hereunder shall be bound thereby. 
  

	 	SECTION 9.05.	Conformity with Trust Indenture Act. 

 Every supplemental indenture executed pursuant to
this Article shall conform to the requirements of the TIA as then in effect. 

  
 70 

	 	SECTION 9.06.	Reference in Securities to Supplemental Indentures. 

 Securities of any series
authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may bear a notation as to any matter provided for in such supplemental indentures. If the Company shall so determine, new Securities of any
series, so modified as to conform, in the opinion of the Board of Directors, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Securities Agent upon receipt of a Company Order
directing the authentication and delivery thereof in exchange for Outstanding Securities of such series. 
 ARTICLE TEN 

COVENANTS 
  

	 	SECTION 10.01.	Payment of Principal, Premium and Interest. 

 The Company covenants and agrees for the
benefit of any series of Securities that it will duly and punctually pay the principal of (and premium, if any) and interest, if any, on Securities of such series in accordance with the terms thereof and this Indenture. Except as otherwise specified
with respect to the Securities of a series as contemplated by Section 3.01, the interest, if any, due in respect of any Temporary Global Security or any Permanent Global Security shall be payable only upon presentation thereof to the
Securities Agent for notation thereon of the payment of such interest. 
  

	 	SECTION 10.02.	Maintenance of Office or Agency. 

 The Company will maintain one or more offices or
agencies in each Place of Payment for Securities of such series where the Securities of such series may be presented or surrendered for payment, where the Securities of such series may be surrendered for registration of transfer or exchange, where
the Securities of each series, if convertible, may be surrendered for conversion and where notices and demands to or upon the Company in respect of the Securities of such series and this Indenture may be served. The applicable Corporate Trust Office
is hereby initially appointed the Company’s office or agency for each of said purposes with respect to each such series issued hereunder. The Company will give prompt written notice to the Trustee and the Securities Agent for the Securities of
such series of the location, and of any change in the location, of any such office or agency. If at any time the Company shall fail to maintain any such required office or agency in respect of any series of Securities or shall fail to furnish the
Trustee or the Securities Agent with the address thereof, such presentations (to the extent permitted by law) and surrenders of Securities of such series and such 

  
 71 

 
notices and demands may be made or served at the applicable Corporate Trust Office, and the Company hereby appoints the Securities Agent as its agent to receive all such presentations,
surrenders, notices and demands. 
 The Company may also from time to time designate one or more other offices or agencies (in or outside
the Place of Payment) where the Securities of one or more series may be presented or surrendered for any or all of the purposes specified above in this Section and may from time to time rescind such designations; provided, however,
that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in each Place of Payment for Securities of any series for such purposes. The Company will give prompt written notice to
the Trustee and the Securities Agent of any such designation or rescission and of any change in the location of any such other office or agency. Neither the Trustee nor the Securities Agent have been appointed as the Company’s agent for service
of process. 
  

	 	SECTION 10.03.	Money for Securities Payments to be Held in Trust. 

 If the Company shall at any time act
as its own Paying Agent in respect of any series of Securities, it will, on or before each due date of the principal of (and premium, if any) or interest, if any, on, any of the Securities of such series, segregate and hold in trust for the benefit
of the Persons entitled thereto a sum in the currency or composite currency in which the Securities of such series are payable (except as otherwise specified with respect to the Securities of such series pursuant to Section 3.01)
sufficient to pay the principal (and premium, if any) or interest, if any, so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee and the Securities Agent of
its action or failure to so act. 
 Whenever the Company shall have one or more Paying Agents for the Securities of any series, it will,
prior to each due date of the principal of (and premium, if any) or interest, if any, on, any of the Securities of such series, deposit with a Paying Agent for the Securities of such series a sum in the currency or composite currency in which the
Securities of such series are payable (except as otherwise specified with respect to the Securities of such series pursuant to Section 3.01 or as otherwise provided by Section 10.02) sufficient to pay the principal (and
premium, if any) or interest, if any, so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Securities Agent) the Company will promptly
notify the Trustee and the Securities Agent of its action or failure to so act. 
 The Company will cause each Paying Agent for the
Securities of any series other than the Securities Agent to execute and deliver to the Securities Agent an instrument in which such Paying Agent shall agree with the Securities Agent, subject to the provisions of this Section, that such Paying Agent
will: 
 (1) hold all sums held by it for the payment of principal of (and premium, if any) or interest, if any, on the
Securities of such series in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 

  
 72 

 (2) give the Securities Agent notice of any default by the Company (or any other
obligor upon the Securities of such series) in the making of any such payment of principal (and premium, if any) or interest, if any, on the Securities of such series; and 

(3) at any time during the continuance of any such default, upon the written request of the Securities Agent, forthwith pay to
the Securities Agent all sums so held in trust by such Paying Agent. 
 The Company may at any time, for the purpose of obtaining the
satisfaction and discharge of this Indenture in respect of the Securities of any series or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Securities Agent all sums held in trust by the Company or such Paying
Agent in respect of such series, such sums to be held by the Securities Agent upon the same trusts as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by the Company or any Paying Agent to the
Securities Agent, the Company and such Paying Agent shall be released from all further liability with respect to such money. 
 Any money
deposited with the Securities Agent or any Paying Agent or then held by the Company in trust for the payment of the principal of (and premium, if any) or interest, if any, on any Security and remaining unclaimed for two years after such principal
(and premium, if any) or interest, if any, has become due and payable shall, unless otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed property law, be paid to the Company on Company Request, or (if then held
by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Securities Agent or such Paying Agent
with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Securities Agent or such Paying Agent, before being required to make any such repayment, may at
the expense of the Company mail to each such Holder notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such mailing, any unclaimed balance of such money then
remaining will, unless otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed property law, be repaid to the Company. 

  
 73 

	 	SECTION 10.04.	Statement as to Compliance. 

 The Company will deliver to the Trustee and the Securities
Agent, within 120 days after the end of each fiscal year (which on the date hereof is the calendar year), a written statement signed by the principal executive officer, the principal financial officer or the principal accounting officer of the
Company, stating, as to each signer thereof, that 
 (1) a review of the activities of the Company during such year and of
performance under this Indenture has been made under such Person’s supervision, and 
 (2) to the best of such
Person’s knowledge, based on such review, the Company has fulfilled all its obligations under this Indenture throughout such year, or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to
him and the nature and status thereof. 
  

	 	SECTION 10.05.	Assumption of Obligations in Connection with Mergers and Acquisitions. 

 Nothing herein
shall prevent the Company or any Subsidiary, in connection with its merger with or acquisition of all or substantially all of the assets of any Person, from assuming all obligations and liabilities of such Person; provided, however,
that no mortgage of such Person shall be so assumed if, as a result thereof, the property of the Company or any of its Subsidiaries immediately prior thereto would thereupon become subject to the lien of such mortgage, unless either the assumption
by the Company or any Subsidiary of the obligations and liabilities secured by such mortgage would be permitted by the Indenture with respect to the Securities of any series. 

  
 74 

	 	SECTION 10.06.	Defeasance of Certain Obligations. 

 If this Section 10.06 has been specified
in accordance with Section 3.01 to be applicable to Securities of any series, the Company may omit to comply with any term, provision or condition set forth in any covenant applicable to such Securities and designated pursuant to
Section 3.01 as being subject to this Section 10.06, Section 5.01(c) with respect to each such covenant shall be deemed not to be an Event of Default and such covenant shall cease to be applicable to such
Securities on and after the date the conditions set forth in clause (4) of this Section 10.06, in each case with respect to the Securities of that series, provided that the following conditions have been satisfied: 

(1) with reference to this Section 10.06, the Company has deposited or caused to be deposited with the Securities
Agent (or another agent satisfying the requirements of Section 6.09) irrevocably (irrespective of whether the conditions in subparagraphs (2), (3), (4), (5) (if applicable) and (6) have
been satisfied, but subject to the provisions of Section 4.02(c) and the last paragraph of Section 10.03), as trust funds in trust, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of
the Securities of that series, (A) money in an amount in the currency or composite currency in which the Securities of such series are payable (except as otherwise specified with respect to the Securities of such series pursuant to
Section 3.01), or (B) Government Obligations which through the payment of interest and principal in respect thereof in accordance with their terms will provide not later than the opening of business on the due date of any payment
referred to in clause (i) or (ii) of this subparagraph (1) money in an amount, or (C) a combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee and the Securities Agent, to pay and discharge (i) the principal of (and premium, if any) and each installment of principal (and premium, if any) and interest, if any, on such Outstanding
Securities on the Stated Maturity of such principal or installment of principal or interest, (ii) any mandatory sinking fund payments or analogous payments applicable to the Securities of such series on the day on which such payments are due
and payable in accordance with the terms of this Indenture and of such Securities and (iii) any repayment of the Securities of such series at the option of the Holder of any of such Securities on any date such repayment is due and payable; 

(2) such deposit shall not cause the Securities Agent with respect to the Securities of that series to have a conflicting
interest as defined in Section 6.08 and for purposes of the Trust Indenture Act with respect to the Securities of any series; 

(3) such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other
agreement or instrument to which the Company is a party or by which it is bound; 
 (4) no Event of Default or event which
with the giving of notice or lapse of time, or both, would become an Event of Default with respect to the Securities of such series shall have occurred and be continuing on the date of such deposit and no Event of Default under
Section 5.01(d) or Section 5.01(e) or event which with the giving of notice or lapse of time, or both, would become an Event of Default under Section 5.01(d) or Section 5.01(e) shall have occurred and
be continuing on the 91st day after such date; 

  
 75 

 (5) if this subparagraph has been specified in accordance with
Section 3.01 to be applicable to the Securities of such series, the Company has delivered to the Trustee and the Securities Agent an Opinion of Counsel to the effect that Holders of the Securities of such series will not recognize
income, gain or loss for federal income tax purposes as a result of such deposit and defeasance of certain obligations and will be subject to federal income tax on the same amount and in the same manner and at the same times, as would have been the
case if such deposit and defeasance had not occurred; and 
 (6) the Company has delivered to the Trustee and the Securities
Agent an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the defeasance contemplated by this Section have been complied with. 

 

	 	SECTION 10.07.	Additional Amounts. 

 If the Securities of a series provide for the payment of additional
amounts as contemplated by clause (13) of Section 3.01, the Company will pay to the Holder of any Security of such series additional amounts upon the terms and subject to the conditions provided therein. Whenever in this
Indenture there is mentioned, in any context, the payment of the principal of (or premium, if any) or interest, if any, on, or in respect of, any Security of any series or the net proceeds received at maturity or on the sale or exchange of any
Security of any series, such mention shall be deemed to include mention of the payment of additional amounts provided for in this Section to the extent that, in such context, additional amounts are, were or would be payable in respect thereof
pursuant to the provisions of this Section and express mention of the payment of additional amounts (if applicable) in any provisions hereof shall not be construed as excluding additional amounts in those provisions hereof where such express mention
is not made. 
 If the Securities of a series provide for the payment of additional amounts, at least 10 days prior to the first Interest
Payment Date with respect to such series (or if the Securities of such series will not bear interest prior to Maturity, the first day on which a payment of principal (and premium, if any) is made), and at least 10 days prior to each date of payment
of principal (and premium, if any) or interest, if any, if there has been any change with respect to the matters set forth in the below-mentioned Officers’ Certificate, the Company will furnish the Securities Agent, the Trustee and the
Company’s principal Paying Agent or Paying Agents, if other than the Securities Agent, with an Officers’ Certificate instructing the Securities Agent and such Paying Agent or Paying Agents whether such payment of principal of (or premium,
if any) or interest, if any, on the Securities of such series shall be made to Holders of Securities of such series who are United States Aliens without withholding for or on account of any tax, 

  
 76 

 
assessment or other governmental charge described in the Securities of that series. If any such withholding shall be required, then such Officers’ Certificate shall specify by country the
amount, if any, required to be withheld on such payments to such Holders of Securities and the Company will pay to the Securities Agent or such Paying Agent the additional amounts, if any, required by this Section. The Company covenants to indemnify
the Securities Agent, the Trustee and any Paying Agent for, and to hold them harmless against, any loss, liability or expense reasonably incurred without negligence or willful misconduct as determined by a court of competent jurisdiction in a final
and non-appealable decision on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished pursuant to this Section. 

 

	 	SECTION 10.08.	Waiver of Covenants. 

 The Company may omit in any particular instance to comply with any
covenant or condition set forth in this Article Ten (other than in Sections 10.01, 10.02, 10.03 or 10.04) with respect to the Securities of any series, if before or after the time for such compliance the Holders of
at least a majority in principal amount of the Securities of such series at the time Outstanding shall, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such covenant or condition, but no such
waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Securities Agent in respect of any such
covenant or condition shall remain in full force and effect. 
 ARTICLE ELEVEN 

REDEMPTION OF SECURITIES 
  

	 	SECTION 11.01.	Applicability of Article. 

 Redemption of Securities of any series which are redeemable
before their Stated Maturity at the election of the Company or otherwise, as permitted or required by their terms, shall be made in accordance with such terms and, except as otherwise specified as contemplated by Section 3.01 for the
Securities of such series, this Article. 
  

	 	SECTION 11.02.	Election to Redeem; Notice to Trustee and Securities Agent. 

 In case of any redemption
at the election of the Company of less than all the Securities of any series, the Company shall, at least 60 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee

  
 77 

 
and Securities Agent) notify the Trustee and Securities Agent of such Redemption Date and of, if applicable, each portion of the Securities of such series having like terms and conditions to be
redeemed, the principal amount of the Securities of such series or such portion thereof, as the case may be, to be redeemed and the principal amount thereof to be redeemed. 
  

	 	SECTION 11.03.	Selection by Securities Agent of Securities to be Redeemed. 

 If less than all the
Securities of any series are to be redeemed, or if less than all the Securities of such series having like terms and conditions are to be redeemed, as the case may be, the particular Securities of such series or portion thereof, as the case may be,
to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Securities Agent, from the Outstanding Securities of such series or portion thereof, as the case may be, not previously called for redemption, by such method
as the Securities Agent shall deem fair and appropriate, which may be pro rata based on outstanding principal balance, and which may provide for the selection for redemption of portions of the principal of such Securities of a denomination larger
than the minimum authorized denomination of Securities of such series. The portions of the principal of such Securities so selected for partial redemption shall be equal to the smallest authorized denomination of such Securities, or an integral
multiple thereof which is also an authorized denomination. 
 Anything herein to the contrary notwithstanding, however, for so long as any
Securities are in the form of a Global Security or are listed on any exchange the standard procedures of the applicable Depositary and/or exchange shall be followed in connection with any such partial redemption. 

The Securities Agent shall promptly notify the Company in writing of the Securities selected for redemption and, in the case of any Security
selected for partial redemption, the principal amount thereof to be redeemed. 
 For all purposes of this Indenture, unless the context
otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal of such Security which has been or is to be redeemed. 

 

	 	SECTION 11.04.	Notice of Redemption. 

 Notice of redemption shall be given in the manner provided in
Section 1.06 not less than 30 nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed. 

  
 78 

 All notices of redemption shall state: 

(1) the Redemption Date; 

(2) the Redemption Price; 

(3) if less than all Outstanding Securities of any series are to be redeemed, the identification (and, in the case of partial
redemption, the respective principal amounts) of the Securities of such series to be redeemed; 
 (4) that on the Redemption
Date the Redemption Price will become due and payable upon each such Security, and that interest, if any, thereon shall cease to accrue from and after said date; 

(5) the place or places where such Securities maturing after the Redemption Date, are to be surrendered for payment of the
Redemption Price, each of which shall be the office or agency of the Company in a Place of Payment; and 
 (6) that the
redemption is for a sinking fund, if such is the case. 
 Notice of redemption of Securities to be redeemed at the election of the Company
shall be given by the Company or, at the Company’s request, by the Securities Agent in the name of and at the expense of the Company. 

Failure to give such notice to the Holder of any Security or any defect in such notice given to the Holder of any Security shall not affect
the validity of the proceedings for any other Security or part thereof. 
  

	 	SECTION 11.05.	Deposit of Redemption Price. 

 Prior to any Redemption Date, the Company shall deposit
with the Securities Agent or with a Paying Agent in respect of the Securities of any series which are to be redeemed on that date (or, if the Company is acting as its own Paying Agent in respect of such Securities, segregate and hold in trust as
provided in Section 10.03) an amount of money in the currency or composite currency in which the Securities of such series are payable (except as otherwise specified with respect to the Securities of such series pursuant to
Section 3.01) sufficient to pay the Redemption Price of and (except if the Redemption Date shall be an Interest Payment Date) accrued interest, if any, on all the Securities which are to be redeemed on that date, or, in the event of a
defeasance and discharge of this Indenture, or defeasance of certain covenants, with respect to such Securities pursuant to Section 4.03(1) or 10.06(1), as the case may be, shall have deposited such money or Government Obligations
required by such Section for purposes of the payment of the Redemption Price of such Securities. 

  
 79 

	 	SECTION 11.06.	Securities Payable on Redemption Date. 

 Notice of redemption having been given as
aforesaid, the Securities of any series so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified in the currency or composite currency in which the Securities of such series are payable
(except as otherwise specified with respect to the Securities of such series pursuant to Section 3.01), and from and after such date (unless the Company shall default in the payment of the Redemption Price) such Securities shall cease to
bear interest. Upon surrender of such Securities for redemption in accordance with said notice, such Securities shall be paid by the Company at the Redemption Price; provided, however, that, unless otherwise specified with respect to
the Securities of such series pursuant to Section 3.01, installments of any interest on Registered Securities of such series the Stated Maturity of which interest is on or prior to the Redemption Date shall be payable (but without
interest thereon, unless the Company shall default in the payment thereof) to the Holders of such Registered Securities or one or more Predecessor Securities, registered as such at the close of business on the relevant Regular Record Dates according
to their terms and the provisions of Section 3.07. 
 If any Security called for redemption shall not be so paid upon surrender
thereof for redemption, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate borne by the Security (or, in the case of an Original Issue Discount Security, such Security’s Yield to Maturity).

  

	 	SECTION 11.07.	Securities Redeemed in Part. 

 Any Registered Security which is to be redeemed only in
part shall be surrendered at a Place of Payment therefor (with, if the Company or the Securities Agent so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Securities Agent duly executed
by, the Holder thereof or such Holder’s attorney duly authorized in writing), and the Company shall execute and the Securities Agent shall authenticate and deliver, upon receipt of a Company Order directing such authentication and delivery, to
the Holder of such Security without service charge a new Registered Security or Registered Securities of the same series, of any authorized denominations as requested by such Holder, of a like Stated Maturity and with like terms and conditions, in
aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Registered Security so surrendered. Any Permanent Global Security which is to be redeemed only in part shall be so surrendered, and the Company
shall execute, and the Securities Agent shall authenticate and deliver, upon receipt of a Company Order directing such authentication and delivery, to the 

  
 80 

 
Depositary for such Permanent Global Security, without service charge, a new Permanent Global Security in a denomination equal to and in exchange for the unredeemed portion of the principal of
the Permanent Global Security so surrendered. 
 ARTICLE TWELVE 

SINKING FUNDS 
  

	 	SECTION 12.01.	Applicability of Article. 

 Redemption or retirement of Securities of any series through
operation of a sinking fund, as permitted or required by their terms, shall be made in accordance with such terms and, except as otherwise specified as contemplated by Section 3.01 for the Securities of such series, this Article. 

The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a
“mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “optional sinking fund payment”. If provided for
by the terms of Securities of any series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 12.02. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided
for by the terms of the Securities of such series. 
  

	 	SECTION 12.02.	Satisfaction of Sinking Fund Payments with Securities. 

 The Company (1) may deliver
Outstanding Securities of a series (other than any previously called for redemption) and (2) may apply as a credit Securities of a series which have been redeemed either at the election of the Company pursuant to the terms of such Securities or
through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be
made pursuant to the terms of such Securities as provided for by the terms of such series; provided, however, that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by
the Securities Agent at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. 

  
 81 

	 	SECTION 12.03.	Redemption of Securities for Sinking Fund. 

 Not less than 60 days prior to each sinking
fund payment date for any series of Securities or such shorter period as shall be satisfactory to the Securities Agent, the Company will deliver to the Securities Agent and the Trustee an Officers’ Certificate specifying the amount of the next
ensuing sinking fund payment for Securities of such series pursuant to the terms of such Securities, the portion thereof, if any, which is to be satisfied by payment of cash, the portion thereof, if any, which is to be satisfied by delivering and
crediting Securities of such series pursuant to Section 12.02 and the basis for such credit and stating that such Securities have not previously been so credited and will also deliver to the Securities Agent any Securities to be so
delivered. The Securities Agent shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 11.03 and cause notice of the redemption thereof to be given in the name of and at the
expense of the Company in the manner provided in Section 11.04. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 11.06 and 11.07. 

ARTICLE THIRTEEN 
 MEETINGS OF
HOLDERS OF SECURITIES 
  

	 	SECTION 13.01.	Purposes for Which Meetings May Be Called. 

 A meeting of Holders of Securities of any
series may be called at any time and from time to time pursuant to this Article to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by
Holders of Securities of such series. 
  

	 	SECTION 13.02.	Call, Notice and Place of Meetings. 

 (a) The Securities Agent or the Trustee may at any
time call a meeting of Holders of Securities of any series for any purpose specified in Section 13.01, to be held at such time and at such place in the Borough of Manhattan, The City of New York. Notice of every meeting of Holders of
Securities of any series, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in Section 1.06, not less than 21 nor more than
180 days prior to the date fixed for the meeting. 
 (b) In case at any time the Company, pursuant to a Board Resolution, or the Holders of
at least 10% in principal amount of the Outstanding Securities of any series shall have requested the Securities Agent to call a meeting of the Holders of Securities of such series for any purpose specified in Section 13.01, by written
request 

  
 82 

 
setting forth in reasonable detail the action proposed to be taken at such meeting, and the Securities Agent shall not have given the notice of such meeting within 21 days after receipt of such
request or shall not thereafter proceed to cause the meeting to be held as provided herein, then the Company or the Holders of Securities of such series in the amount above specified, as the case may be, may determine the time and the place in the
Borough of Manhattan, The City of New York for such meeting and may call such meeting for such purposes by giving notice thereof as provided in Subsection (a). 
  

	 	SECTION 13.03.	Persons Entitled to Vote at Meetings. 

 To be entitled to vote at any meeting of Holders
of Securities of any series, a Person shall be (1) a Holder of one or more Outstanding Securities of such series, or (2) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Securities
of such series by such Holder or Holders. The only Persons who shall be entitled to be present or to speak at any meeting of Holders of Securities of any series shall be the Persons entitled to vote at such meeting and their counsel, any
representatives of the Trustee and its counsel, any representatives of the Securities Agent and its counsel and any representatives of the Company and its counsel. 
  

	 	SECTION 13.04.	Quorum; Action. 

 The Persons entitled to vote a majority in principal amount of the
Outstanding Securities of a series shall constitute a quorum for a meeting of Holders of Securities of such series; provided, however, that if any action is to be taken at such meeting with respect to a consent or waiver which is
required to be given by the Holders of not less than a greater percentage in such principal amount as shall have been specified with respect to the Securities of such series pursuant to Section 3.01, the Persons entitled to vote such
greater percentage in principal amount of the Outstanding Securities of such series shall constitute a quorum. In the absence of a quorum within 30 minutes of the time appointed for any such meeting, the meeting shall, if convened at the request of
Holders of Securities of such series, be dissolved. In the absence of a quorum in any other case the meeting may be adjourned for a period of not less than 10 days as determined by the chairman of the meeting prior to the adjournment of such
meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may be further adjourned for a period of not less than 10 days as determined by the chairman of the meeting prior to the adjournment of such adjourned meeting.
Subject to Section 13.05, notice of the reconvening of any adjourned meeting shall be given as provided in Section 13.02(a), except that such notice need be given only once not less than five days prior to the date on which
the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding Securities of such series which shall constitute a
quorum. 

  
 83 

 Except as limited by the proviso to Section 9.02, any resolution presented to a
meeting or adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted only by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities of that series; provided,
however, that, except as limited by the proviso to Section 9.02, any resolution with respect to any consent or waiver which is required to be given by the Holders of not less than a greater percentage in such principal amount as
shall have been specified with respect to the Securities of such series pursuant to Section 3.01 may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid only by the affirmative
vote of the Holders of such greater percentage in principal amount of the Outstanding Securities of that series; and provided, further, that, except as limited by the proviso to Section 9.02, any resolution with respect to
any request, demand, authorization, direction, notice, consent, waiver or other action which this Indenture expressly provides may be made, given or taken by the Holders of a specified percentage, which is less than a majority, in principal amount
of the Outstanding Securities of a series may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative vote of the Holders of such specified percentage in principal amount of
the Outstanding Securities of that series. 
 Any resolution passed or decision taken at any meeting of Holders of Securities of any series
duly held in accordance with this Section shall be binding on all the Holders of Securities of such series, whether or not present or represented at the meeting. 
  

	 	SECTION 13.05.	Determination of Voting Rights; Conduct and Adjournment of Meetings. 

 (a)
Notwithstanding any other provisions of this Indenture, the Trustee or the Securities Agent, as applicable, may make such reasonable regulations as it may deem advisable for any meeting of Holders of Securities of such series in regard to proof of
the holding of Securities of such series and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the right to vote, and such
other matters concerning the conduct of the meeting as it shall deem appropriate. Except as otherwise permitted or required by any such regulations, the holding of Securities shall be proved in the manner specified in Section 1.04 and
the appointment of any proxy shall be proved in the manner specified in Section 1.04. Such regulations may provide that written instruments appointing proxies, regular on their face, may be presumed valid and genuine without the proof
specified in Section 1.04 or other proof. 

  
 84 

 (b) The Trustee or the Securities Agent, as applicable, shall, by an instrument in writing,
appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Company or by Holders of Securities as provided in Section 13.02(b), in which case the Company or the Holders of Securities of the series
calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount of the
Outstanding Securities of such series represented at the meeting. 
 (c) At any meeting each Holder of a Security of such series or proxy
shall be entitled to one vote for each $1,000 principal amount of Securities of such series held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as
not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote, except as a Holder of a Security of such series or proxy. 

(d) Any meeting of Holders of Securities of any series duly called pursuant to Section 13.02 at which a quorum is present may be
adjourned from time to time by Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting, and the meeting may be held as so adjourned without further notice. 

 

	 	SECTION 13.06.	Counting Votes and Recording Action of Meetings. 

 The vote upon any resolution submitted
to any meeting of Holders of Securities of any series shall be by written ballots on which shall be subscribed the signatures of the Holders of Securities of such series or of their representatives by proxy and the principal amounts and serial
numbers of the Outstanding Securities of such series held or represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall
make and file with the secretary of the meeting their verified written reports in triplicate of all votes cast at the meeting. A record, at least in triplicate, of the proceedings of each meeting of Holders of Securities of any series shall be
prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth
a copy of the notice of the meeting and showing that said notice was given as provided in Section 13.02 and, if applicable, Section 13.04. Each copy shall be signed and verified by the affidavits of the permanent chairman and
secretary of the meeting and one such copy shall be delivered to the Company and another to the Trustee or the Securities Agent, as applicable, to be preserved by the Trustee or the Securities Agent, as applicable, the latter to have attached
thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated. 

  
 85 

	 	SECTION 13.07.	Action Without a Meeting. 

 Nothing in this Article Thirteen shall be deemed or
construed to restrict the Holders of Securities of any series from making, giving or taking any request, demand, authorization, direction, notice, consent, waiver or other Act provided by this Indenture without a meeting by written consent as
provided in Section 1.04. 
 ARTICLE FOURTEEN 

IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS 
  

	 	SECTION 14.01.	Exemption from Individual Liability. 

 No recourse under or upon any obligation, covenant
or agreement of this Indenture, or of any Security of any series, or for any claim based thereon or otherwise in respect thereof, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the
Company or of any successor Person, either directly or through the Company or any successor Person, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly
understood that this Indenture and the obligations issued hereunder are solely corporate obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, stockholders, officers or
directors, as such, of the Company or of any successor Person, or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any
Securities of any series or implied therefrom; and that any and all such personal liability, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator, stockholder,
officer or director, as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any such Securities or implied therefrom, are hereby
expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of such Securities. 

  
 86 

 ARTICLE FIFTEEN 

CONVERSION 
  

	 	SECTION 15.01.	Conversion of Securities. 

 (a) If the terms of any series of Securities provide for any
Securities of such series to be convertible into shares of Common Stock issued by the Company as contemplated by Section 3.01, then, subject to and upon compliance with (i) the provisions of this Section 15.01, if and to
the extent such provisions are specified as contemplated by Section 3.01 to be applicable to the Securities of such series, and (ii) such other provisions, if any, as shall be so specified, the Holder of any Security or Securities
of such series shall have the right, at such Holder’s option, to convert the principal amount of such Security or Securities, or any portion of such principal amount which is $1,000 or such other minimum amount as may be specified with respect
to the Securities of such series, or any integral multiple thereof, into that number of fully paid and nonassessable shares of Common Stock (as such shares shall then be constituted) obtained by dividing the aggregate principal amount of the
Security or Securities or portion thereof surrendered for conversion by the conversion price in effect at such time, by surrender of the Securities to be so converted in whole or in part in the manner provided in Subsection (b) below or
as otherwise provided with respect to the Securities of such series as contemplated by Section 3.01. A Holder of Securities is not entitled to any rights of a holder of Common Stock until such Holder has converted such Holder’s
Securities. 
 (b) In order to exercise a conversion privilege, the Holder of any Security or Securities to be converted in whole or in part
shall surrender such Security or Securities at an office or agency maintained by the Company for such purpose as provided in Section 10.02, together with, if such Securities are Registered Securities, the funds, if any, required
by the last paragraph of this Subsection (b), and with the conversion notice thereon (or such other notice which is acceptable to the Company any agent appointed by the Company as a conversion agent in respect of such Securities (each, a
“Conversion Agent”) and, if such Securities are Registered Securities, the Security Registrar) duly executed, to the Company at the office or agency of any Conversion Agent maintained for such purpose as provided in
Section 10.02 at which the Holder elects to convert such Security or Securities or the portion thereof specified in said notice. Such notice shall be accompanied by such transfer taxes and duties, or funds therefor, as are required
pursuant to Subsection (g) below. Convertible Registered Securities surrendered for conversion shall, unless the shares of Common Stock issuable on conversion are to be issued in the name of the Holder of such Registered Securities, be
duly endorsed by, or be accompanied by instruments of transfer in form satisfactory to the Company, the Securities Agent and the applicable Security Registrar duly executed by, the Holder or such Holder’s duly authorized attorney. 

  
 87 

 As promptly as practicable after the surrender for conversion of any such Security or Securities
as aforesaid and notice as aforesaid (accompanied by the funds, if any, required by the last paragraph of this Subsection (b)), the Company shall deliver or cause to be delivered at such office or agency to or upon written order of the Holder
thereof a certificate or certificates representing the number of full shares of Common Stock issuable upon the conversion of such Security or Securities or portion thereof issued in such name or names as such Holder may direct and a check or cash in
respect of any fractional share of Common Stock arising upon such conversion, as provided in Subsection (c) below. In case any Security or Securities of a denomination greater than the minimum amount for conversion referred to in
Subsection (a) above shall be surrendered for conversion in part only, the Company shall execute and the Securities Agent shall authenticate and deliver, upon receipt of a Company Order directing such authentication and delivery, to or
upon the written order of the Holder of such Security or Securities so surrendered, without charge to such Holder, and at the expense of the Company, if any, a new Security or Securities in authorized denominations in an aggregate principal amount
equal to the unconverted portion of the surrendered Security or Securities. 
 Each conversion of a convertible Security or Securities as
aforesaid shall be deemed to have been effected at the close of business on the date such Security or Securities and notices shall have been surrendered as aforesaid (accompanied by the funds, if any, required by the last paragraph of this
Subsection (b)), and at such time the rights of the Holder of such Security or Securities as Holder of the principal amount thereof so surrendered for conversion shall cease and the person or persons in whose name or names the certificate or
certificates for shares of Common Stock are to be issued upon such conversion shall be treated for all purposes as having become the holder or holders of record of the shares represented thereby at such time and such conversion shall be at the
conversion price in effect at such time; provided, however, that any such surrender and payment on any date when the stock transfer books of the Company shall be closed shall constitute the person or persons in whose name or names the
certificates for such shares of Common Stock are to be issued as the record holder or holders thereof for all purposes at the close of business on the next succeeding day on which such stock transfer books are opened and such conversion shall be at
the conversion price in effect at such time on such succeeding day. 
 If the conversion date in respect of any convertible Registered
Securities or portion thereof is during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date, such Registered Securities shall (unless such Registered Securities or
portion thereof being 

  
 88 

 
converted shall have been called for redemption on a date during such period) be accompanied by payment in funds acceptable to the Company of an amount equal to the interest otherwise payable on
such Interest Payment Date to the Holder thereof at the close of business on the Regular Record Date for such Interest Payment Date with respect to the principal amount being converted; provided, however, that no such payment need be
made if there shall exist at the time of conversion a default in the payment of interest on the Securities of such series. An amount equal to such payment shall be paid by the Company on such Interest Payment Date to the Holder of such Registered
Securities at the close of business on such Regular Record Date; provided, however, that if the Company shall default in the payment of interest on such Interest Payment Date, such amount shall be paid to the person who made such
required payment. Except as provided in this paragraph, no adjustment shall be made for any interest accrued on any Security or Securities converted or for dividends on any shares of Common Stock issued upon the conversion of such Security or
Securities as provided in this Section 15.01. 
 (c) No fractional shares of Common Stock or scrip representing fractional
shares shall be issued upon the conversion of any convertible Securities. If more than one Security shall be surrendered for conversion at one time by the same Holder, the number of full shares which shall be issuable upon the conversion of such
Securities shall be computed on the basis of the aggregate principal amount of the Securities (or specified portions thereof to the extent permitted hereby) so surrendered. If any fractional share of Common Stock would, absent the provisions of this
Subsection (c), be issuable upon the conversion of any Security or Securities, the Company shall, in lieu of delivering the fractional share therefor, adjust such fractional interest by payment to the Holder of such surrendered Security or
Securities of an amount in cash equal to the current market value of such fractional interest, computed on the basis of the closing price of the Common Stock (determined as provided in paragraph (4) of Subsection (e) below)
on the date of conversion. 
 (d) The conversion price in respect of a series of convertible Securities shall be as specified with respect
to the Securities of such series as contemplated by Section 3.01, subject to adjustment as provided in Subsection 15.01(e). 

(e) The conversion price shall be adjusted from time to time by the Company as follows: 

(1) In case the Company shall (A) pay a dividend on the Common Stock, or make a distribution to all holders of the Common
Stock of, shares of its capital stock (whether shares of Common Stock or of capital stock of any other class), (B) subdivide its outstanding shares of Common Stock into a greater number of shares, (C) combine its outstanding shares of
Common Stock into a smaller number of shares or 

  
 89 

 
(D) issue by reclassification of its shares of Common Stock any shares of capital stock of the Company, the conversion price in effect immediately prior to such action shall be adjusted so that
the Holder of any Security or Securities thereafter surrendered for conversion shall be entitled to receive the number of shares of capital stock of the Company which such Holder would have owned or have been entitled to receive immediately
following such action had such Security or Securities been converted immediately prior thereto. An adjustment made pursuant to this subparagraph (1) shall become effective retroactively immediately after the record date in the case of a
dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification. If, as a result of an adjustment made pursuant to this subparagraph (1), the Holder of any
Security or Securities thereafter surrendered for conversion shall become entitled to receive shares of two or more classes of capital stock of the Company, the Company (whose determination shall be conclusive) shall determine the allocation of the
conversion price between or among shares of such classes of capital stock. 
 (2) In case the Company shall issue rights
(other than rights under a periodic dividend reinvestment plan that are exercisable at a price per share of Common Stock of not less than 85% of the current market price per share (determined as provided in such plan) of Common Stock) or warrants to
all holders of Common Stock entitling them (for a period expiring within 45 days after the record date mentioned below) to subscribe for or purchase shares of Common Stock at a price per share less than the current market price per share of Common
Stock (as determined pursuant to subparagraph (4) below) on the record date mentioned below, the conversion price shall be adjusted so that the same shall equal the price determined by multiplying the conversion price in effect
immediately prior to the date of issuance of such rights or warrants by a fraction of which the numerator shall be the number of shares of Common Stock outstanding on such date of issuance plus the number of shares of Common Stock which the
aggregate offering price of the total number of shares of Common Stock so offered would purchase at such current market price, and of which the denominator shall be the number of shares of Common Stock outstanding on such date of issuance plus the
number of additional shares of Common Stock offered for subscription or purchase. Such adjustment shall become effective retroactively immediately after the record date for the determination of stockholders entitled to receive such rights or
warrants, and in the event that more than 10% of such rights or warrants are not so exercised, the conversion price shall again be adjusted to be the conversion price which would then be in effect if the rights or warrants so exercised had been the
only rights or warrants offered. 

  
 90 

 (3) In case the Company shall distribute to all holders of the Common Stock
evidences of its indebtedness or assets (excluding any cash dividend paid from the surplus account of the Company (designated “Retained earnings” on the books of the Company)) or rights or warrants to subscribe for securities of the
Company (excluding (y) those referred to in subparagraph (2) above and (z) rights under a periodic dividend or interest reinvestment plan that are exercisable at a price per share of Common Stock of not less than 85% of the
current market price per share (determined as provided in such plan) of Common Stock), then in each such case the conversion price shall be adjusted so that the same shall equal the price determined by multiplying the conversion price in effect
immediately prior to the date of such distribution by a fraction of which the numerator shall be the current market price per share (determined as provided in subparagraph (4) below) of Common Stock less the then fair market value (as
determined by the Board of Directors, whose determination shall be conclusive) per share of Common Stock of the assets or evidences of indebtedness so distributed or of such subscription rights or warrants, and of which the denominator shall be such
current market price per share of Common Stock on the record date mentioned below. Such adjustment shall become effective retroactively immediately after the record date for the determination of stockholders entitled to receive such distribution,
and in the event that more than 10% of the rights or warrants so distributed are not so exercised, the conversion price shall again be adjusted to be the conversion price which would then be in effect if the rights or warrants so exercised had been
the only rights or warrants so distributed. 
 (4) For the purpose of any computation under subparagraphs (2) and
(3) above, the current market price per share of Common Stock on any date shall be deemed to be the average of the daily closing prices for 30 consecutive Business Days in The City of New York commencing 45 such Business Days before the
day in question; provided, however, that if an issuance or distribution of the types described under subparagraphs (2) and (3) above is to be made, and no public announcement of such issuance or distribution is
made by or on behalf of the Company more than 20 trading days (as defined below) before the day in question, the current market price per share of Common Stock on such date shall be deemed to be the average of the daily closing prices for the five
consecutive trading days selected by the Company not more than 20 trading days before, and 

  
 91 

 
ending not later than, the day in question. The closing price for each day shall be the last reported sales price on the New York Stock Exchange Composite Tape, or, if not so reported, or, in
case no such reported sale takes place on such day, the average of the reported closing bid and asked quotations on the New York Stock Exchange, or, if the Common Stock is not at such time listed on such exchange or no such quotations are available,
the average of the closing bid and asked prices of the Common Stock on NASDAQ or any comparable system, or if the Common Stock is not listed on NASDAQ or a comparable system, the closing bid and asked prices as furnished by any member of the
National Association of Securities Dealers, Inc. selected from time to time by the Company for that purpose. If on any trading day the Common Stock is not quoted by any organization referred to in this subparagraph (4), the fair value of the
Common Stock on such day, as determined by the Board of Directors (whose determination shall be conclusive), shall be used. For purposes of this subparagraph (4), the term “trading day” shall mean each Monday, Tuesday,
Wednesday, Thursday and Friday other than any day on which securities are not traded on any such exchange or in any such market referred to in this subparagraph (4). 

(5) In the case of either (A) any consolidation or merger to which the Company is a party, other than a consolidation or a
merger in which the Company is a continuing corporation and which does not result in any reclassification of, or change (other than a change in, from or to par value, or as a result of a subdivision or combination) in, outstanding shares of the
Common Stock, or (B) any sale or conveyance to another Person of the property of the Company as an entirety or substantially as an entirety, then the successor or purchasing Person, as the case may be, shall execute with the Securities Agent
and Trustee an indenture supplemental hereto providing that the Holder of each convertible Security or Securities then Outstanding shall have the right to convert such Security or Securities into the kind and amount of shares of stock and other
securities and property (including cash) receivable upon such consolidation, merger, sale or conveyance by a holder of the number of shares of Common Stock issuable upon conversion of such Security or Securities immediately prior to such
consolidation, merger, sale or conveyance, subject to adjustments equivalent as nearly as practicable to the adjustments provided for in this Section 15.01 assuming, in the case of any consolidation, merger, sale or conveyance, such
holder of Common Stock of the Company (i) is not a person with or into which the Company consolidated or merged or which merged into the Company or to which such sale or conveyance was made, 

  
 92 

 
as the case may be (“constituent person”), or an affiliate of a constituent person and (ii) failed to exercise such holder’s rights of election, if any, as to the kind
or amount of shares of stock and other securities and property (including cash) receivable upon such consolidation, merger, sale or conveyance (provided that if the kind or amount of shares of stock and other securities and property (including cash)
receivable upon such consolidation, merger, sale or conveyance is not the same for each share of Common Stock held immediately prior to such consolidation, merger, sale or conveyance by others than a constituent person or an affiliate thereof and in
respect of which such rights of election shall not have been exercised (“non-electing share”), then for the purpose of this Section 15.01 the kind and amount of shares of stock and other securities and property
(including cash) receivable upon such consolidation, merger, sale or conveyance with respect to each non-electing share shall be deemed to be the kind and amount so receivable per share with respect to a plurality of the non-electing shares). The provisions of this subparagraph (5) shall similarly apply to successive consolidations, mergers, sales or conveyances. 

(6) No adjustment in the conversion price shall be required unless such adjustment would require an increase or decrease of at
least 1% in such price; provided, however, that any adjustments which by reason of this subparagraph (6) are not required to be made shall be carried forward and taken into account in any subsequent adjustment; and
provided, further, that adjustment shall be required and made in accordance with the provisions of this Section 15.01 (other than this subparagraph (6)) not later than the earlier of (A) three years after
the date of the particular event involved, (B) the date as to which the aggregate adjustments not previously made would require a total increase or decrease of 1% in the conversion price and (C) such other time as may be required in order
to preserve the tax-free nature of a distribution to the holders of shares of Common Stock. All calculations under this Section 15.01 shall be made by the Company and shall be made to the nearest cent or to the nearest one-hundredth of a
share, as the case may be. Anything in this Section 15.01 to the contrary notwithstanding, (i) the Company shall be permitted to make such adjustments in the conversion price, in addition to those required by this
Section 15.01, as it in its discretion shall consider to be advisable in order that any stock dividends, subdivision of shares, distribution of rights to purchase stock or securities or distribution of securities convertible into or
exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable to the holders of the Common Stock and (ii) the Company may at any time decrease the conversion price by any amount. 

  
 93 

 (7) Whenever the conversion price with respect to any convertible Securities is
adjusted as herein provided, the Company shall promptly file with the Securities Agent, the Trustee and any Conversion Agent other than the Securities Agent an Officers’ Certificate setting forth the conversion price after such adjustment, a
brief statement of the facts requiring such adjustment and, in the event the conversion price is adjusted other than pursuant to clause (ii) of the last sentence of subparagraph (6) above, the method of calculation thereof.
In lieu of delivering such Officers’ Certificate, the Company may deliver to the Securities Agent, the Trustee and any Conversion Agent, a certificate of any firm of independent public accountants selected by the Company (who may be the regular
accountants employed by the Company) setting forth the conversion price and the method of calculation thereof. Any such Officers’ Certificate or certificate of any firm of independent public accountants shall be evidence of the correctness of
any adjustment of the conversion price made pursuant to this Subsection (e). None of the Securities Agent, the Trustee or any Conversion Agent shall bear any responsibility with respect to any such Officers’ Certificate or certificate
and shall be entitled to rely fully thereon with no duty to calculate, confirm or verify the contents thereof. Promptly after delivery of such certificate, the Company shall cause a notice stating that the conversion price has been adjusted and
setting forth the adjusted conversion price to be mailed to each Holder at such Holder’s address as it appears on the Security Register; provided, however, that if it shall be impractical to mail such notice as provided herein,
then such mailing or other notice in lieu thereof as shall be made to the Trustee and the Securities Agent shall constitute sufficient mailing of such notice upon confirmation of receipt by a Responsible Officer thereof; and provided,
further, that if within ten days after the mailing of such a notice an event occurs which would require the mailing of an additional notice, such additional notice shall be mailed as aforesaid promptly but in no event earlier than the tenth
day after the mailing of the immediately prior notice. 
 (8) In any case in which this Subsection (e) shall
require that an adjustment be made retroactively immediately following a record date, the Company may elect to defer (but only until five Business Days following the filing of the Officers’ Certificate as provided in subparagraph
(7) above) (y) issuing to the holder of any share of Common Stock obtained upon conversion of Securities after such record date the 

  
 94 

 
shares of Common Stock and other capital stock of the Company issuable upon such conversion only on the basis of the conversion price prior to adjustment and (z) paying to such Holder any
amount in cash in lieu of any fraction pursuant to Subsection (c). 
 (f) In case of any consolidation or merger of the Company
with or into any other Person (other than a consolidation or merger in which the Company is the continuing corporation), or in case of any sale or transfer of all or substantially all the assets of the Company, the Person formed by such
consolidation or the Person into which the Company shall have been merged or the Person which shall have acquired such assets, as the case may be, execute with the Securities Agent and the Trustee an indenture supplemental hereto providing that the
Holder of each convertible Security or Securities then Outstanding shall thereafter have the right to convert such Security or Securities pursuant to Subsection (e)(5) above subject to adjustment for events after the grant subsequent to
the effective date thereof equivalent as nearly as practicable to the adjustment provided for in Subsection (e) above. The provisions of this Subsection (f) shall similarly apply to successive consolidations, mergers, sales
or transfers. 
 (g) The issuance of certificates for shares of Common Stock on conversion of Securities pursuant hereto shall be made at
the expense of the Company and without charge to the Holder converting a Security or Securities for any stamp or other similar tax or duty in respect of the issue thereof; provided, however, that if any such certificate is to be issued
in a name other than that of the Holder of the Security or Securities to be converted, the person or persons requesting the issuance thereof shall pay to the Company the amount of any tax or duty which may be payable in respect of any transfer
involved in such issuance or delivery or shall establish to the satisfaction of the Company that such tax or duty has been paid. Certificates representing shares of Common Stock will not be issued or delivered unless all taxes and duties, if any,
payable by such Holder have been paid. 
 (h) The Company covenants that it will at all times reserve and keep available, solely for the
purpose of issue upon conversion of Securities, such number of shares of Common Stock as shall be issuable upon the conversion of all outstanding Securities; provided, however, that nothing contained herein shall be construed to
preclude the Company from satisfying its obligations in respect of the conversion of the Securities by delivery of purchased shares of Common Stock which are held in the treasury of the Company. For the purposes of this Subsection (h), the
full number of shares of Common Stock issuable upon the conversion of all outstanding Securities shall be computed as if at the time of computation of such number of shares of Common Stock all outstanding Securities were held by a single holder.
Unless otherwise provided with respect to the convertible Securities of any series as provided in Section 3.01, the Company covenants that if any shares of Common Stock required to be reserved for

  
 95 

 
issuance upon conversions of such Securities hereunder require registration with or approval of any governmental authority under any federal or state law before such shares may be issued upon
such conversions, the Company will cause such shares to be duly registered or approved, as the case may be. Unless otherwise provided with respect to the convertible Securities of any series as provided in Section 3.01, the Company will
endeavor to list the shares of Common Stock required to be delivered upon conversion of such Securities hereunder prior to such delivery on the New York Stock Exchange and any other securities exchange on which the outstanding Common Stock is listed
at the time of such delivery. Before taking any action which would cause an adjustment reducing the then conversion price of any convertible Securities below the then par value, if any, of the Common Stock, the Company will take all corporate action
which may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue shares of such Common Stock at such adjusted conversion price. The Company covenants that all authorized but unissued shares of Common
Stock which may at any time be reserved pursuant to this Subsection (h) for issuance upon conversions of any convertible Securities will be free from preemptive rights and duly and validly authorized for issuance upon such conversions
and that all shares of Common Stock which may at any time be issued upon conversions of such Securities in accordance with the terms hereof and thereof will upon such issuance, be free from preemptive rights, duly and validly authorized and issued,
fully paid and nonassessable. 
 (i) None of the Trustee, the Securities Agent or any Conversion Agent shall at any time be under any duty
or responsibility to any Holder of convertible Securities to determine whether any facts exist which may require any adjustment of the conversion price thereof, or with respect to the nature or extent of any such adjustment when made or with respect
to the method employed, herein provided to be employed, in making the same. None of the Trustee, the Securities Agent or any Conversion Agent shall be accountable with respect to the validity or value (or the kind or amount) of any shares of Common
Stock, or of any securities or property (including cash) which may at any time be issued or delivered upon the conversion of any such Security or Securities; and none of the Trustee, the Securities Agent or any Conversion Agent makes any
representations with respect thereto. Subject to Section 6.01, none of the Trustee, the Securities Agent or any Conversion Agent shall be responsible for any failure of the Company to issue, transfer or deliver any shares of Common Stock
or stock certificates or other securities or property (including cash) upon the surrender of any convertible Security for the purpose of conversion or to comply with any of the duties, responsibilities or covenants of the Company contained in this
Section 15.01. 

  
 96 

 (j) In case: 

(1) the Company shall take any action which would require an adjustment in the conversion price with respect to any convertible
Securities of a series pursuant to Subsection (e) above; or 
 (2) the Company shall authorize the granting to
the holders of the Common Stock of rights or warrants to subscribe for or purchase any shares of stock of any class or any other rights or warrants and notice thereof shall be given to holders of Common Stock; or 

(3) there shall be any capital reorganization or reclassification of the Common Stock (other than a subdivision or combination
of the outstanding Common Stock and other than a change in, from or to par value of the Common Stock), or any consolidation or merger to which the Company is a party and for which approval of any stockholders of the Company is required, or any sale
or transfer of all or substantially all of the assets of the Company; or 
 (4) of the voluntary or involuntary dissolution,
liquidation or winding up of the Company; 
 then the Company shall cause to be filed with the Trustee, the Securities Agent and any Conversion Agent and,
with respect to Registered Securities of such series, to be mailed to each Holder, at least 10 days prior to the applicable date hereinafter specified, a notice setting forth (x) the date on which a record is to be taken for the purpose of any
distribution or grant to holders of Common Stock, or, if a record is not to be taken, the date as of which the holders of Common Stock of record to be entitled to such distribution or grant are to be determined or (y) the date on which such
reorganization, reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding up is expected to become effective, and the date as of which it is expected that holders of Common Stock of record shall be entitled to
exchange their shares of Common Stock for securities or other property deliverable upon such reorganization, reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding up. Failure to give such notice, or any defect
therein, shall not affect the legality or validity of the proceedings described in paragraphs (1) through (4) of this Subsection (j). 

(k) Notwithstanding anything else in this Section 15.01, any funds which at any time shall have been deposited by the Company or
on its behalf with any Paying Agent for the purpose of paying interest on or the redemption or repayment price of any convertible Securities and which shall not be required for such purposes because of the conversion of such Securities, upon
delivery to such Paying Agent of evidence satisfactory to it of such conversion, after such conversion, shall be repaid to the Company by such Paying Agent. 

(l) All Securities surrendered for conversion shall, if applicable, be delivered to the Securities Agent for cancellation and shall be
cancelled and destroyed by the Securities Agent as provided in Section 3.09 in accordance with its standard procedures. 

  
 97 

 * * * * * 

Nothing herein contained shall constitute a partnership between or joint venture by the parties hereto or constitute any party the agent of
any other. No party shall hold itself out contrary to the terms of this Section and no party shall become liable by any representation, act or omission of the other contrary to the provisions hereof. This Indenture is not for the benefit of any
third party and shall not be deemed to give any right or remedy to any such party whether referred to herein or not. 
 * * * * * 

Each of the parties hereto hereby irrevocably and unconditionally: 

(1) submits for itself and its property in any legal action relating to this Indenture or any documents executed and delivered
in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of any federal or state court in in the State and County of New York and appellate courts having jurisdiction over
any appeals therefrom; 
 (2) consents that any such action may be brought in such courts and only in such courts, and waives
any objection that it may now or hereafter have to the venue of such action in any such court or that such action was brought in an inconvenient court and agrees not to plead or claim the same; and 

(3) waives, to the fullest extent permitted by law, any and all right to trial by jury in any legal proceeding arising out of
or relating to this Indenture or the transactions contemplated hereby. 
 * * * * * 

This Indenture may be executed in any number of counterparts, each of which will be deemed to be an original regardless of whether delivered in manual or
electronic form, but all such counterparts together will constitute one and the same instrument. 

  
 98 

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

					
	FORTUNE BRANDS HOME & SECURITY, INC.
		
	By:		  

			Name:		
			Title:		
	
	Wilmington Trust, National Association, as Trustee
		
	By:		  

			Name:		
			Title:		
	
	Citibank, N.A., as Securities Agent
		
	By:		  

			Name:		
			Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00245-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00245-of-00352.parquet"}]]