Document:

First Supplemental Indenture, dated as of August 23, 2012

 Exhibit 4.2 

 
  

 
 AMERICAN INTERNATIONAL GROUP,
INC. 
  
  

First Supplemental 
 Indenture 
 Dated as of August 23, 2012 

 
  

(Supplemental to Subordinated Debt Indenture Dated as of August 23, 2012) 

 
  

THE BANK OF NEW YORK MELLON,  
 as Trustee 
  
  

 

 FIRST SUPPLEMENTAL INDENTURE, dated as of August 23, 2012 (the “First Supplemental
Indenture”), between American International Group, Inc., a corporation duly organized and existing under the laws of the State of Delaware (herein called the “Company”), and The Bank of New York Mellon, a New York banking corporation,
as Trustee (herein called “Trustee”); 
 R E C I T A L S: 

WHEREAS, the Company has heretofore executed and delivered to The Bank of New York Mellon, as trustee, a Subordinated Debt Indenture,
dated as of August 23, 2012 (the “Base Indenture”) (the Base Indenture, as the same may be amended or supplemented from time to time, including by this First Supplemental Indenture, the “Indenture”), providing for the
issuance from time to time of the Company’s unsecured subordinated debentures, notes or other evidences of indebtedness (herein and therein called the “Securities”), to be issued in one or more series; 

WHEREAS, Section 901 of the Base Indenture permits the Company and the Trustee to enter into an indenture supplemental to the Base
Indenture to establish the form and terms of a series of Securities; 
 WHEREAS, Sections 201, 301 and 901 of the Base
Indenture permit the form of Securities of a series of Securities to be established pursuant to an indenture supplemental to the Base Indenture; 
 WHEREAS, Section 301 of the Base Indenture permits the terms of any series of Securities to be established pursuant to an indenture supplemental to the Base Indenture; 

WHEREAS, the Company has authorized the issuance of $250,000,000 in aggregate principal amount of its 2.375% Subordinated Notes Due 2015
(the “Notes”); 
 WHEREAS, the Notes will be established as a series of Securities under the Indenture; 

WHEREAS, pursuant to resolutions of the Finance Committee of the Board of Directors of the Company adopted at a meeting duly called on
October 12, 2011, the Company has duly authorized the execution and delivery of this First Supplemental Indenture to establish the form and terms of the Notes; 
 WHEREAS, the Company has issued the eight series of Junior Subordinated Debentures referred to in Schedule I and entered into the Replacement Capital Covenants in connection with each such series set
forth in Schedule I (each, a “Replacement Capital Covenant”); 

  
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 WHEREAS, the Company desires to amend certain provisions of each Replacement Capital
Covenant pursuant to Section 4(b) thereof and establish a record date for such purposes pursuant to Section 4(c) thereof; 
 WHEREAS, pursuant to each Replacement Capital Covenant, effective the date hereof, the Notes (as defined below) issued hereunder shall automatically become the Covered Debt (as defined in the Replacement
Capital Covenants); 
 and 
 WHEREAS, all things necessary to make this First Supplemental Indenture a valid agreement according to its terms have been done; 
 NOW, THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE WITNESSETH: 
 For and in
consideration of the premises and the purchase of the Notes by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Notes, as follows: 

ARTICLE ONE 
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
  

	Section 1.1	Relation to Base Indenture 

 This First Supplemental Indenture constitutes a part of the Indenture (the provisions of which, as modified by this First Supplemental Indenture, shall apply to the Notes) in respect of the Notes, and
shall not modify, amend or otherwise affect the Base Indenture insofar as it relates to any other series of Securities or affects in any manner the terms and conditions of the Securities of any other series. 

 

	Section 1.2	Definitions 

 For
all purposes of this First Supplemental Indenture, the capitalized terms used herein (i) which are defined in the recitals or introductory paragraph hereof have the respective meanings assigned thereto in the applicable provision of the
recitals and introductory paragraph and (ii) which are defined in the Base Indenture (and which are not defined in the recitals or introductory paragraph hereof) have the respective meanings assigned thereto in the Base Indenture, in each case
unless otherwise specified. For all purposes of this First Supplemental Indenture: 
 (a) All references herein to Articles and
Sections, unless otherwise specified, refer to the corresponding Articles and Sections of this First Supplemental Indenture; and 

  
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 (b) The terms “herein”, “hereof”, and “hereunder” and words of
similar import refer to this First Supplemental Indenture. 
 ARTICLE TWO 

GENERAL TERMS AND CONDITIONS OF THE NOTES 
  

	Section 2.1	Forms of Notes Generally 

 The Notes shall be in substantially the forms set forth in this Article with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by the Base Indenture
and this First Supplemental Indenture and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or Depositary thereto,
or as may, consistent with the Base Indenture and this First Supplemental Indenture, be determined by the officers executing such Notes, as evidenced by their execution of such Notes. 

The Trustee’s certificate of authentication shall be in substantially the form set forth in Section 2.4. 

The Notes shall be issued initially in the form of the Global Notes, registered in the name of the Depositary or its nominee and
deposited with the Trustee, as custodian for the Depositary, for credit by the Depositary to the respective accounts of beneficial owners of the Notes represented thereby (or such other accounts as they may direct). Each such Global Note will
constitute a single Security for all purposes of the Indenture. 
  

	Section 2.2	Form of Face of the Notes 

 THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS NOTE MAY NOT BE EXCHANGED IN
WHOLE OR IN PART FOR A NOTE REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW
YORK CORPORATION, TO AMERICAN INTERNATIONAL GROUP, INC. OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF CEDE & CO. (AND ANY PAYMENT IS MADE TO CEDE & 

  
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CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS
THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 AMERICAN INTERNATIONAL GROUP, INC. 

 2.375% SUBORDINATED NOTES DUE 2015 
 No. 1 
 CUSIP No.: 026874 CV7 

AMERICAN INTERNATIONAL GROUP, INC., a corporation duly organized and existing under the laws of Delaware (herein called the
“Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or its registered assigns, the principal sum of
                            Dollars ($        ) on August 24,
2015 and to pay interest thereon from August 23, 2012 or from the most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for, semiannually in arrears on each February 24 and August 24
(each such date, an “Interest Payment Date”), commencing on February 24, 2013 at the rate of 2.375% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly
provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest,
which shall be the February 9 or August 9 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to
the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note (or one or more Predecessor Notes) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be
fixed by the Trustee, notice whereof which shall be given to Holders of Notes of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 
 Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months. 
 In the event that an Interest Payment Date is not a Business Day, the Company shall pay interest on the next succeeding Business Day, with the same force and effect as if made on the Interest Payment
Date, and without any interest or other payment with respect to the delay. If the Stated Maturity or earlier Redemption Date falls on a day that 

  
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is not a Business Day, the payment of principal, premium, if any, and interest need not be made on such date, but may be made on the next succeeding Business Day, with the same force and effect
as if made on the Stated Maturity or earlier Redemption Date, provided that no interest shall accrue for the period from and after such Stated Maturity or earlier Redemption Date. 

Payment of the principal of and premium, if any, and interest on this Note will be made at the office or agency of the Company maintained
for that purpose in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 

Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been
executed by the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 
 Dated: 
  

			
	AMERICAN INTERNATIONAL GROUP, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

 [SEAL] 
  

	
	Attest:
	
	  

  

	Section 2.3	Form of Reverse of the Notes 

 This Note is one of a duly authorized issue of securities of the Company (herein called the “Notes”), designated as its 2.375% Subordinated Notes Due 2015, issued and to be issued in one or more
series under an Indenture, dated as of August 23, 2012, as supplemented by the First Supplemental Indenture, dated as of August 23, 2012 (as so supplemented, the “Indenture,” which term shall have the meaning assigned to it in
such instrument), between the Company and The Bank of New York Mellon, as Trustee 

  
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(herein called the “Trustee”, which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a
statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. This Note is
one of the series designated on the face hereof. 
 The Notes of this series are subject to redemption at any time, in whole or
in part, at the election of the Company, upon not less than 30 nor more than 60 days’ notice given as provided in the Indenture, at a Redemption Price equal to the greater of (i) 100% of the principal amount, together with accrued and
unpaid interest to, but excluding, the Redemption Date, and (ii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such
payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 30 basis points, plus accrued and unpaid
interest to, but excluding, the Redemption Date. 
 The definitions of certain terms used in the paragraph above are listed
below. 
 “Adjusted Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the
semiannual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.

 “Comparable Treasury Issue” means the U.S. Treasury security selected by the Quotation Agent as having a maturity
comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the
remaining term of such Notes. 
 “Comparable Treasury Price” means, with respect to any Redemption Date, the average
of the Reference Treasury Dealer Quotations for such Redemption Date. 
 “Quotation Agent” means AIG Markets, Inc. or
any other firm appointed by the Company, acting as quotation agent for the Notes. Any successor or substitute Quotation Agent may be an Affiliate of the Company. 
 “Reference Treasury Dealer” means (1) Citigroup Global Markets Inc. and its successors; provided, however, that if any of them ceases to be a primary U.S. government
securities dealer in the United States (a “Primary Treasury Dealer”), the Company shall substitute therefor another Primary Treasury Dealer; and (2) any other Primary Treasury Dealer selected by the Quotation Agent after consultation
with the Company. 

  
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 “Reference Treasury Dealer Quotations” means with respect to each Reference
Treasury Dealer and any Redemption Date, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the
Quotation Agent by such Reference Treasury Dealer at 3:30 p.m. on the third Business Day preceding such Redemption Date. 
 In
the event of redemption of the Notes in part only, a new Note or Notes of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 

The Notes of this series do not have the benefit of any sinking fund obligation. 

The indebtedness evidenced by this Note is, to the extent provided in the Indenture, subordinate and subject in right of payment to the
prior payment in full of all Senior Debt, and this Security is issued subject to the provisions of the Indenture with respect thereto. Each Holder of this Note, by accepting the same, (a) agrees to and shall be bound by such provisions,
(b) authorizes and directs the Trustee on his or her behalf to take such actions as may be necessary or appropriate to effectuate the subordination so provided and (c) appoints the Trustee as his or her attorney-in-fact for any and all
such purposes. Each Holder hereof, by his or her acceptance hereof, waives all notice of the acceptance of the subordination provisions contained herein and in the Indenture by each holder of Senior Debt, whether now outstanding or hereafter
created, incurred, assumed or Guaranteed, and waives reliance by each such holder of Senior Debt upon said provisions. 
 The
Indenture contains provisions for defeasance at any time of the entire indebtedness of this Note or certain restrictive covenants and Events of Default with respect to this Note, in each case upon compliance with certain conditions set forth in the
Indenture. 
 If an Event of Default with respect to Notes of this series shall occur and be continuing, the principal of the
Notes of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The
Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture
at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of
specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this

  
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Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note.

 As provided in and subject to the provisions of the Indenture, the Holder of this Note shall not have the right to institute
any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect
to the Notes of this series, the Holders of not less than 25% in principal amount of the Notes of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as
Trustee and offered the Trustee indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Notes of this series at the time Outstanding a direction inconsistent with such request, and shall have failed
to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Note for the enforcement of any payment of principal hereof or
premium, if any, or interest hereon on or after the respective due dates expressed herein. 
 As provided in the Indenture and
subject to certain limitations therein set forth, the transfer of this Note is registrable in the Security Register, upon surrender of this Note for registration of transfer at the office or agency of the Company in any place where the principal of
and premium, if any, or interest on this Note are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Notes of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Notes of this series are issuable only in fully registered form without coupons in denominations of $2,000 and any multiple of $1,000
in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, the Notes of this series are exchangeable for a like aggregate principal amount of Notes of this series and of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Note is registered as the
owner hereof for all purposes, whether or not this Note be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

  
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 All terms used in this Note which are defined in the Indenture shall have the meaning
assigned to them in the Indenture. 
  

	Section 2.4	Form of Trustee’s Certificate of Authentication of the Notes 

 The Trustee’s certificates of authentication shall be in substantially the following form: 
 This is one of the Notes of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	THE BANK OF NEW YORK MELLON
	As Trustee
		
	By:	 	  

		 	Authorized Signatory

  

	Section 2.5	Title and Terms 

Pursuant to Sections 201 and 301 of the Indenture, there is hereby established a series of Securities, the terms of which shall be as
follows: 
 (a) Designation. The Notes shall be known and designated as the “2.375% Subordinated Notes Due
2015.” 
 (b) Aggregate Principal Amount. The aggregate principal amount of the Notes that may be authenticated and
delivered under this First Supplemental Indenture is initially limited to $250,000,000, except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes issued pursuant to
Section 304, 305, 306, 906 or 1107 of the Base Indenture. The Company may, without the consent of the Holders of the Notes, issue additional notes having the same ranking, interest rate, Stated Maturity, CUSIP and ISIN numbers and terms as to
status, redemption or otherwise as the Notes, in which event such notes and the Notes shall constitute one series for all purposes under the Indenture, including without limitation, amendments, waivers and redemptions. 

(c) Interest and Maturity. The Stated Maturity of the Notes shall be August 24, 2015 and the Notes shall bear interest and
have such other terms as are described in the form of Note set forth in Sections 2.2 and 2.3 of this First Supplemental Indenture. 
 (d) Redemption. The Company shall have no obligation to redeem or purchase the Notes pursuant to any sinking fund or analogous provision, or at the option of a Holder thereof. The Notes shall be
redeemable at the election of the Company from time to time, in whole or in part, at the times and at the prices specified in the form of Note set forth in Section 2.3 of this First Supplemental Indenture. Notice of redemption shall be given by
first-class mail, postage prepaid, mailed not less than 30 nor more than 

  
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60 days prior to the Redemption Date, to each Holder of Notes to be redeemed, at his address appearing in the Security Register. 

(e) Defeasance. The Notes shall be subject to the defeasance and discharge provisions of Section 1302 of the Base Indenture
and the defeasance of certain obligations and certain events of default provisions of Section 1303 of the Base Indenture. 

(f) Denominations. The Notes shall be issuable only in fully registered form without coupons and only in denominations of $2,000
and multiples of $1,000 in excess thereof. 
 (g) Authentication and Delivery. The Notes shall be executed,
authenticated, delivered and dated in accordance with Section 303 of the Base Indenture. 
 (h) Depositary. With
respect to Notes issuable or issued in whole or in part in the form of one or more Global Notes, the Depositary shall be The Depository Trust Company, for so long as it shall be a clearing agency registered under the Exchange Act, or such successor
(which shall be a clearing agency registered under the Exchange Act) as the Company shall designate from time to time in an Officers’ Certificate delivered to the Trustee. 

 

	Section 2.6	Exchanges of Global Note for Non-Global Note 

 Notwithstanding any other provision in this Indenture, no Global Note may be exchanged in whole or in part for Notes registered, and no transfer of a Global Note in whole or in part may be registered, in
the name of any Person other than the Depositary for such Global Note or a nominee thereof unless (A) such Depositary has notified the Company that it is unwilling or unable or no longer permitted under applicable law to continue as Depositary
for such Global Note and the Company does not appoint another institution to act as Depositary within 90 days, (B) there shall have occurred and be continuing an Event of Default with respect to such Global Note, or (C) the Company so
directs the Trustee by a Company Order. 
 ARTICLE THREE 

AMENDMENT TO THE REPLACEMENT CAPITAL COVENANTS 
  

	Section 3.1	Covered Debt; Record Date 

 Pursuant to Section 4(c) of each Replacement Capital Covenant, the Company hereby establishes August 23, 2012 as the record date to determine the Holders (as defined in each Replacement Capital
Covenant) of the then-effective series of Covered Debt (as defined in each Replacement Capital Covenant), which will be, as of that date, the Notes, for purposes of consenting to amendments to certain provisions of each Replacement Capital Covenant
as provided in this Article Three. 

  
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	Section 3.2	Amendment to the Replacement Capital Covenants 

 Subject to Section 3.4, each and every Holder (as defined in the Base Indenture) of the Notes as of August 23, 2012, in such capacity as a Holder (as defined in each Replacement Capital
Covenant) of the Covered Debt, irrevocably consents to the following amendments to each Replacement Capital Covenant: 
 (a)
Section 2 and Section 3 of such Replacement Capital Covenant are hereby deleted in their entirety. 
 (b)
Section 4(a) of such Replacement Capital Covenant is hereby amended by replacing clause (i) and (iii) with the following: 
 “(i) the date determined by the Corporation following the maturity or earlier redemption, repayment or repurchase of all the outstanding Covered Debt or” 

“(iii) the date on which there is no series of Covered Debt outstanding” 

and by deleting the last sentence of such Section 4(a). 
 (c) Section 4(b) of such Replacement Capital Covenant is hereby amended by replacing clause (iii) with the following: 
 “(iii) there is no series of Covered Debt outstanding”. 
 (d)
Section 5(b) of such Replacement Capital Covenant is hereby amended by deleting the following text: 
 “and, if such
Person initiates a claim or proceeding to enforce its rights under this Replacement Capital Covenant after the Corporation has violated its covenants in Section 2 and before the series of long-term indebtedness for money borrowed held by such
Person is no longer Covered Debt, such Person’s rights under this Replacement Capital Covenant shall not terminate by reason of such series of long-term indebtedness for money borrowed no longer being Covered Debt”. 

(e) Schedule I to such Replacement Capital Covenant is hereby amended by replacing the definition of “Covered Debt” with the
following: 
 “‘Covered Debt’ means the Corporation’s 2.375% Subordinated Notes due 2015, which have CUSIP
No. 026874CV7.” 
  

	Section 3.3	Effectiveness of the Amendments 

 The amendments to each Replacement Capital Covenant described in Section 3.2 above shall be effective immediately after the Notes become the “Covered Debt” for purposes of each Replacement
Capital Covenant and no further action of the Holders (as 

  
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defined in the relevant Replacement Capital Covenant) shall be required to effectuate such amendments. 
  

	Section 3.4	Representations and Agreements 

 By purchasing the Notes, each Holder and each purchaser of the Notes shall be deemed to have represented, warranted and agreed to and with the Company, in each case, as applicable, for itself and its
successors, transferees and assigns, that in the event that the Notes become the applicable Covered Debt as defined in and for purposes of a Replacement Capital Covenant, each such Holder and purchaser (i) waives any reliance on any covenant,
promise or agreement (whether express or implied) set forth in such Replacement Capital Covenant prior to such amendments, and (ii) shall not take or attempt to take any action to enforce any such covenant, promise or agreement set forth such
Replacement Capital Covenant prior to such amendments. Upon transfer of the Notes, subsequent transferees shall be deemed to have made the foregoing representations, warranties and agreements, in each case, as applicable. 

ARTICLE FOUR 
 MISCELLANEOUS 
  

	Section 4.1	Relationship to Base Indenture 

 This First Supplemental Indenture is a supplemental indenture within the meaning of the Base Indenture. The Base Indenture, as supplemented and amended by this First Supplemental Indenture, is in all
respects ratified, confirmed and approved and, with respect to the Notes, the Base Indenture, as supplemented and amended by this First Supplemental Indenture, shall be read, taken and construed as one and the same instrument. 

 

	Section 4.2	Modification of the Base Indenture 

Except as expressly modified by this First Supplemental Indenture, the provisions of the Base Indenture shall govern the terms and conditions of the
Notes. 
  

	Section 4.3	Governing Law 

This instrument shall be governed by and construed in accordance with the laws of the State of New York. 

 

	Section 4.4	Counterparts 

 This
instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

  
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	Section 4.5	Trustee Makes No Representation 

 The recitals contained herein are made by the Company and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity
or sufficiency of this First Supplemental Indenture other than its certificates of authentication. 

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

			
	AMERICAN INTERNATIONAL GROUP, INC.
		
	By	 	 /s/ Brian T. Schreiber

		 	Name: Brian T. Schreiber
		 	Title:   Executive Vice President and Treasurer

 Attest: 
  

	
	 /s/ Christopher Chorengel

  

			
	THE BANK OF NEW YORK MELLON,
	as Trustee
		
	By	 	 /s/ Francine Kincaid

		 	Name: Francine Kincaid
		 	Title:   Vice President

 SCHEDULE I 
 Replacement Capital Covenant, dated as of March 13, 2007, in connection with the Company’s 6.25% Series A-1 Junior Subordinated Debentures. 

Replacement Capital Covenant, dated as of March 15, 2007, in connection with the 5.75% Company’s Series A-2 Junior Subordinated Debentures.

 Replacement Capital Covenant, dated as of March 15, 2007, in connection with the 4.875% Company’s Series A-3 Junior Subordinated
Debentures. 
 Replacement Capital Covenant, dated as of June 7, 2007, in connection with the Company’s 6.45% Series A-4 Junior
Subordinated Debentures. 
 Replacement Capital Covenant, dated as of December 18, 2007, in connection with the Company’s 7.70% Series
A-5 Junior Subordinated Debentures. 
 Replacement Capital Covenant, dated as of May 20, 2008, in connection with the Company’s 8.175%
Series A-6 Junior Subordinated Debentures. 
 Replacement Capital Covenant, dated as of May 22, 2008, in connection with the Company’s
8.000% Series A-7 Junior Subordinated Debentures. 
 Replacement Capital Covenant, dated as of May 22, 2008, in connection with the
Company’s 8.625% Series A-8 Junior Subordinated Debentures.Indenture dated as of August 21, 2012

 Exhibit 4.1 
 EXECUTION VERSION         
 VANTAGE DRILLING COMPANY, 
 and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Trustee 
 INDENTURE 

Dated as of August 21, 2012 

 TABLE OF CONTENTS 

 

							
		
	ARTICLE ONE	  			
	 DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	  
			
	 SECTION 1.01
	 	Definitions	  	 	1	  
	 SECTION 1.02
	 	Other Definitions	  	 	7	  
	 SECTION 1.03
	 	Incorporation by Reference of Trust Indenture Act	  	 	7	  
	 SECTION 1.04
	 	Rules of Construction	  	 	8	  
		
	ARTICLE TWO	  			
	 THE SECURITIES
	  	 	8	  
			
	 SECTION 2.01
	 	Issuable in Series	  	 	8	  
	 SECTION 2.02
	 	Establishment of Terms of Series of Securities	  	 	9	  
	 SECTION 2.03
	 	Execution and Authentication	  	 	12	  
	 SECTION 2.04
	 	Registrar and Paying Agent	  	 	13	  
	 SECTION 2.05
	 	Paying Agent to Hold Assets in Trust	  	 	14	  
	 SECTION 2.06
	 	Holder Lists	  	 	14	  
	 SECTION 2.07
	 	Transfer and Exchange	  	 	15	  
	 SECTION 2.08
	 	Replacement Securities	  	 	15	  
	 SECTION 2.09
	 	Outstanding Securities	  	 	16	  
	 SECTION 2.10
	 	Treasury Securities	  	 	17	  
	 SECTION 2.11
	 	Temporary Securities	  	 	17	  
	 SECTION 2.12
	 	Cancellation	  	 	17	  
	 SECTION 2.13
	 	Defaulted Interest	  	 	18	  
	 SECTION 2.14
	 	Global Securities	  	 	18	  
	 SECTION 2.15
	 	CUSIP and ISIN Numbers	  	 	19	  
		
	ARTICLE THREE	  			
	 REDEMPTION
	  	 	19	  
			
	 SECTION 3.01
	 	Notices to Trustee	  	 	19	  
	 SECTION 3.02
	 	Selection of Securities to be Redeemed	  	 	20	  
	 SECTION 3.03
	 	Notice of Redemption	  	 	20	  
	 SECTION 3.04
	 	Effect of Notice of Redemption	  	 	22	  
	 SECTION 3.05
	 	Deposit of Redemption Price	  	 	22	  
	 SECTION 3.06
	 	Securities Redeemed in Part	  	 	22	  
		
	ARTICLE FOUR	  			
	 COVENANTS
	  	 	22	  
			
	 SECTION 4.01
	 	Payment of Principal and Interest	  	 	22	  
	 SECTION 4.02
	 	Maintenance of Office or Agency	  	 	23	  
	 SECTION 4.03
	 	Corporate Existence	  	 	23	  
	 SECTION 4.04
	 	Compliance Certificate	  	 	23	  
	 SECTION 4.05
	 	Waiver of Stay, Extension or Usury Laws	  	 	24	  
	 SECTION 4.06
	 	SEC Reports	  	 	24	  
	 SECTION 4.07
	 	Additional Amounts	  	 	25	  
	SECTION 4.08	 	Calculation of Original Issue Discount	  	 	25	  

  
 i 

					
		
	ARTICLE FIVE	  	
	SUCCESSOR CORPORATION	  	25
			
	SECTION 5.01	 	Merger, Consolidation, or Sale of Assets	  	25
		
	ARTICLE SIX	  	
	DEFAULT AND REMEDIES	  	26
			
	SECTION 6.01	 	Events of Default	  	26
	SECTION 6.02	 	Acceleration	  	28
	SECTION 6.03	 	Other Remedies	  	28
	SECTION 6.04	 	Waiver of Past Defaults	  	29
	SECTION 6.05	 	Control by Majority	  	29
	SECTION 6.06	 	Limitation on Suits	  	29
	SECTION 6.07	 	Rights of Holders to Receive Payment	  	30
	SECTION 6.08	 	Collection Suit by Trustee	  	30
	SECTION 6.09	 	Trustee May File Proofs of Claim	  	30
	SECTION 6.10	 	Priorities	  	31
	SECTION 6.11	 	Undertaking for Costs	  	31
		
	ARTICLE SEVEN	  	
	TRUSTEE	 		  	31
			
	SECTION 7.01	 	Duties of Trustee	  	31
	SECTION 7.02	 	Rights of Trustee	  	33
	SECTION 7.03	 	Individual Rights of Trustee	  	34
	SECTION 7.04	 	Trustee’s Disclaimer	  	34
	SECTION 7.05	 	Notice of Default	  	34
	SECTION 7.06	 	Reports by Trustee to Holders	  	34
	SECTION 7.07	 	Compensation and Indemnity	  	35
	SECTION 7.08	 	Replacement of Trustee	  	35
	SECTION 7.09	 	Successor Trustee by Merger, Etc.	  	36
	SECTION 7.10	 	Eligibility; Disqualification	  	37
	SECTION 7.11	 	Preferential Collection of Claims Against the Company	  	37
		
	ARTICLE EIGHT	  	
	DISCHARGE OF INDENTURE; DEFEASANCE	  	37
			
	SECTION 8.01	 	Termination of the Company’s Obligations	  	37
	SECTION 8.02	 	Legal Defeasance and Covenant Defeasance	  	38
	SECTION 8.03	 	Conditions to Legal Defeasance or Covenant Defeasance	  	39
	SECTION 8.04	 	Application of Trust Money	  	41
	SECTION 8.05	 	Repayment to the Company	  	41
	SECTION 8.06	 	Reinstatement	  	42

  
 ii 

					
		
	ARTICLE NINE	  	
		
	AMENDMENTS, SUPPLEMENTS AND WAIVERS	  	42
			
	SECTION 9.01	 	Without Consent of Holders	  	42
	SECTION 9.02	 	With Consent of Holders	  	43
	SECTION 9.03	 	Compliance with the Trust Indenture Act	  	44
	SECTION 9.04	 	Revocation and Effect of Consents	  	44
	SECTION 9.05	 	Notation on or Exchange of Securities	  	45
	SECTION 9.06	 	Trustee To Sign Amendments, Etc.	  	45
	SECTION 9.07	 	Trustee Protected	  	46
		
	ARTICLE TEN	  	
	MISCELLANEOUS	  	46
			
	SECTION 10.01	 	Trust Indenture Act Controls	  	46
	SECTION 10.02	 	Notices	  	46
	SECTION 10.03	 	Communications by Holders with Other Holders	  	47
	SECTION 10.04	 	Certificate and Opinion as to Conditions Precedent	  	48
	SECTION 10.05	 	Statements Required in Certificate or Opinion	  	48
	SECTION 10.06	 	Rules by Trustee and Agents	  	48
	SECTION 10.07	 	Legal Holidays	  	48
	SECTION 10.08	 	Governing Laws	  	49
	SECTION 10.09	 	No Adverse Interpretation of Other Agreements	  	50
	SECTION 10.10	 	No Recourse Against Others	  	50
	SECTION 10.11	 	Successors	  	50
	SECTION 10.12	 	Duplicate Originals	  	50
	SECTION 10.13	 	Severability	  	50
	SECTION 10.14	 	Securities in a Foreign Currency	  	50
	SECTION 10.15	 	Judgment Currency	  	51
		
	ARTICLE ELEVEN	  	
	SINKING FUNDS	  	52
			
	SECTION 11.01	 	Applicability of Article	  	52
	SECTION 11.02	 	Satisfaction of Sinking Fund Payments with Securities	  	52
	SECTION 11.03	 	Redemption of Securities for Sinking Fund	  	53

  
 iii

 CROSS-REFERENCE TABLE 

 

									
	 Trust Indenture
Act Section
	 	 	 	 	 	 	  	 Indenture Section

	§ 310(a)(1)	 		 		 		  	7.10
	(a)(2)	 		 		 		  	7.10
	(a)(3)	 		 		 		  	Not Applicable
	(a)(4)	 		 		 		  	Not Applicable
	(a)(5)	 		 		 		  	7.10
	(b)	 		 		 		  	7.10
	(c)	 		 		 		  	Not Applicable
	§ 311(a)	 		 		 		  	7.11
	(b)	 		 		 		  	7.11
	(c)	 		 		 		  	Not Applicable
	§ 312(a)	 		 		 		  	2.06
	(b)	 		 		 		  	10.03
	(c)	 		 		 		  	10.03
	§ 313(a)	 		 		 		  	7.06
	(b)	 		 		 		  	7.06
	(c)	 		 		 		  	7.06
	(d)	 		 		 		  	7.06
	§ 314(a)	 		 		 		  	4.04, 4.06; 10.05
	(b)	 		 		 		  	Not Applicable
	(c)(1)	 		 		 		  	10.04
	(c)(2)	 		 		 		  	10.04
	(c)(3)	 		 		 		  	Not Applicable
	(d)	 		 		 		  	Not Applicable
	(e)	 		 		 		  	10.05
	(f)	 		 		 		  	Not Applicable
	§ 315(a)	 		 		 		  	7.01
	(b)	 		 		 		  	7.05
	(c)	 		 		 		  	7.01
	(d)	 		 		 		  	7.01
	(e)	 		 		 		  	6.11
	§316(a)(1)(A)	 		 		 		  	6.05
	(a)(1)(B)	 		 		 		  	6.04
	(a)(2)	 		 		 		  	Not Applicable
	(a)(last sentence)	 		 		 		  	2.10
	(b)	 		 		 		  	6.07
	(c)	 		 		 		  	9.04
	§317(a)(1)	 		 		 		  	6.08
	(a)(2)	 		 		 		  	6.09
	(b)	 		 		 		  	2.05
	§318(a)	 		 		 		  	10.01

 Note: This Cross-Reference Table shall not, for any purpose, be deemed to be a part of this Indenture. 

  
 iv 

 INDENTURE dated as of August 21, 2012 between Vantage Drilling Company, a Cayman
Islands exempted company (the “Company”), and Wells Fargo Bank, National Association, as trustee (the “Trustee”). 
 THIS INDENTURE WITNESSETH 
 Each party agrees as follows for the benefit of the other party and
for the equal and ratable benefit of the Holders of the Securities issued under this Indenture: 
 ARTICLE ONE 

DEFINITIONS AND INCORPORATION BY REFERENCE 
 SECTION 1.01 Definitions. 
 Set forth below are certain defined terms
used in this Indenture. 
 “Additional Amounts” means any additional amounts which are required hereby or by
any Security, under circumstances specified herein or therein, to be paid by the Company in respect of certain taxes imposed on Holders specified herein or therein and which are owing to such Holders. 

“Affiliate” of any Person means any other Person which directly or indirectly controls or is controlled by, or is under
direct or indirect common control with, the referenced Person. For purposes of this definition, “control” of a Person shall mean 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 “controlling,” “controlled by,” and “under common control” shall have correlative meanings. 

“Agent” means any Registrar, Paying Agent or Service Agent. 

“amend” means to amend, supplement, restate, amend and restate or otherwise modify; and “amendment” shall have
a correlative meaning. 
 “asset” means any asset or property. 

“Authorized Newspaper” means a newspaper in an official language of the country of publication customarily published at
least once a day for at least five (5) days in each calendar week and of general circulation in the place in connection with which the term is used. If it shall be impractical in the opinion of the Trustee to make any publication of any notice
required hereby in an Authorized Newspaper, any publication or other notice in lieu thereof that is made or given by the Trustee shall constitute a sufficient publication of such notice. 

“Bankruptcy Law” means Title 11 of the United States Code, as amended, or any similar federal or state law for the
relief of debtors. 
 “Bearer Security” means any Security, including any interest coupon appertaining thereto,
that does not provide for the identification of the Holder thereof. 

  
 1 

 “Board of Directors” shall mean, with respect to any Person, (i) in
the case of any corporation, the board of directors of such Person, (ii) in the case of any limited liability company, the board of managers of such Person, (iii) in the case of any partnership, the Board of Directors of the general
partner of such Person, and (iv) in any other case, the functional equivalent of the foregoing. 
 “Board
Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been adopted by the Board of Directors of the Company or pursuant to authorization by the Board of Directors of the Company
and to be in full force and effect on the date of the certificate and delivered to the Trustee. 
 “Business
Day” means, unless otherwise provided by a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate for a particular Series of Securities, any day other than a Saturday, Sunday or other day on which commercial
banks in The City of New York, New York are authorized or required by law to close or be closed. 
 “Company”
means the party named as such above until a successor replaces it and thereafter means the successor. 
 “Company
Order” means a written order signed in the name of the Company by an Officer, who must be the Company’s principal executive officer, principal financial officer or principal accounting officer. 

“Corporate Trust Office” means the corporate trust office of the Trustee specified in Section 10.02
(“Notices”) hereof, or such other office, designated by the Trustee by written notice to the Company, at which at any particular time its corporate trust business shall be administered. 

“coupon” means any interest coupon appertaining to a Bearer Security. 

“Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 

“Default” means (1) any Event of Default or (2) any event, act or condition that, after notice or the passage
of time or both, would be an Event of Default. 
 “Depositary” means, with respect to the Securities of any
Series issuable or issued in whole or in part in the form of one or more Global Securities, the Person designated as Depositary for such Series by the Company, which Depositary shall be a clearing agency registered under the Exchange Act, and if at
any time there is more than one such Person, “Depositary” as used with respect to the Securities of any Series shall mean the Depositary with respect to the Securities of such Series. 

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

“Dollars” and “$” means the currency of The United States of America. 

  
 2 

 “Equity Interests” of any Person means (1) any and all shares or other
equity interests (including common stock, preferred stock, limited liability company interests and partnership interests) in such Person and (2) all rights to purchase, warrants or options (whether or not currently exercisable), participations
or other equivalents of or interests in (however designated) such shares or other interests in such Person. 
 “Exchange
Act” means the U.S. Securities Exchange Act of 1934, as amended. 
 “Fair Market Value” means, with
respect to any asset, the price (after taking into account any liabilities relating to such assets) that would be negotiated in an arm’s-length transaction for cash between a willing seller and a willing and able buyer, neither of which is
under any compulsion to complete the transaction, as such price is determined in good faith by the Board of Directors of the Company or a duly authorized committee thereof, as evidenced by a resolution of such Board of Directors or committee.

 “Foreign Currency” means any currency or currency unit or composite currency, issued by a government other
than the government of The United States of America. 
 “GAAP” means generally accepted accounting principles
set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by
such other entity as may be approved by a significant segment of the accounting profession of the United States, as in effect from time to time. 
 “Global Security” or “Global Securities” means a Security or Securities, as the case may be, in the form established pursuant to Section 2.02 evidencing all or part
of a Series of Securities, issued to the Depositary for such Series or its nominee, and registered in the name of such Depositary or nominee. 
 “guarantee” means a direct or indirect guarantee by any Person of any Indebtedness of any other Person and includes any obligation, direct or indirect, contingent or otherwise, of such
Person: (1) to purchase or pay (or advance or supply funds for the purchase or payment of) Indebtedness of such other Person (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods,
securities or services (unless such purchase arrangements are on arm’s-length terms and are entered into in the ordinary course of business), to take-or-pay, or to maintain financial statement conditions or otherwise); or (2) entered into
for purposes of assuring in any other manner the obligee of such Indebtedness of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part), and “guarantee,” when used as a verb, and
“guaranteed” have correlative meanings. 
 “Holder” means a Person in whose name a Security is
registered or the holder of a Bearer Security (including a coupon). 
 “incur” means, with respect to any
Indebtedness or Obligation, incur, create, issue, assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to such Indebtedness or Obligation. 

  
 3 

 “Indebtedness” of any Person at any date means, without duplication:

 (1) all liabilities, contingent or otherwise, of such Person for borrowed money (whether or not the recourse of the lender is
to the whole of the assets of such Person or only to a portion thereof); 
 (2) all obligations of such Person evidenced by
bonds, debentures, notes or other similar instruments; 
 (3) all reimbursement obligations of such Person in respect of letters
of credit, letters of guaranty, bankers’ acceptances and similar credit transactions; 
 (4) all obligations of such Person
to pay the deferred and unpaid purchase price of property or services, except (i) trade payables and accrued expenses incurred by such Person in the ordinary course of business in connection with obtaining goods, materials or services and
(ii) customary adjustments of purchase price, contingent payments, earnout payments or similar obligations of such Person arising under any of the documents pertaining to any acquisition of any Person or assets or Equity Interests of any Person
or any sale, transfer or other disposition of assets to any Person; 
 (5) all Indebtedness of others secured by a Lien on any
asset of such Person, whether or not such Indebtedness is assumed by such Person; 
 (6) all Indebtedness of others guaranteed by
such Person to the extent of such guarantee; provided, however, that Indebtedness of the Company or its Subsidiaries that is guaranteed by the Company or the Company’s Subsidiaries shall only be counted once in the calculation of the
amount of Indebtedness of the Company and its Subsidiaries on a consolidated basis; and 
 (7) all obligations of such Person
under conditional sale or other title retention agreements relating to assets purchased by such Person. 
 The amount of any
Indebtedness which is incurred at a discount to the principal amount at maturity thereof as of any date shall be deemed to have been incurred at the accreted value thereof as of such date. The amount of Indebtedness of any Person at any date shall
be the outstanding balance at such date of all unconditional obligations as described above, the maximum liability of such Person for any such contingent obligations at such date and, in the case of clause (6), the lesser of (a) the Fair Market
Value of any asset subject to a Lien securing the Indebtedness of others on the date that the Lien attaches and (b) the amount of the Indebtedness secured. 
 “Indenture” means this Indenture, as amended, supplemented or otherwise modified from time to time in accordance with the terms hereof, and shall include the form and terms of particular
Series of Securities established as contemplated hereunder. 
 “interest” with respect to any Discount Security
which by its terms bears interest only after a Maturity Date, means interest payable after such Maturity Date, and, when used with respect to a Security that provides for the payment of Additional Amounts, includes such Additional Amounts.

  
 4 

 “Lien” means, with respect to any asset, any mortgage, deed of trust, lien
(statutory or other), pledge, lease, easement, restriction, charge, security interest or other encumbrance of any kind or nature in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any
conditional sale or other title retention agreement, and any lease in the nature thereof. 
 “Maturity Date,”
when used with respect to any Security or installment of principal thereof, means the date on which the principal of such Security or such installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity
or by declaration of acceleration, call for redemption, notice of option to elect repayment or otherwise. 

“Obligation” means any principal, interest, penalties, fees, indemnification, reimbursements, costs, expenses, damages
and other liabilities payable under the documentation governing any Indebtedness. 
 “Officer” means any of the
following of the Company: the chairman of the board of directors, the chief executive officer, the president, any vice president, the chief financial officer, the treasurer, any assistant treasurer, the secretary or any assistant secretary.

 “Officers’ Certificate” means a certificate signed by two Officers (on behalf of the Company in their
representative capacities, and not in their individual capacities). 
 “Opinion of Counsel” means a written
opinion from legal counsel who is reasonably acceptable to the Trustee. The counsel may (but need not) be an employee of, or counsel to, the Company or the Trustee. 
 “Person” means any individual, corporation, partnership, limited liability company, joint venture, incorporated or unincorporated association, joint-stock company, trust, unincorporated
organization or government or other agency or political subdivision thereof or other entity of any kind. 
 “Plan of
Liquidation,” with respect to any Person, means a plan that provides for, contemplates or the effectuation of which is preceded or accompanied by (whether or not substantially contemporaneously, in phases or otherwise): (1) the sale,
lease, conveyance or other disposition of all or substantially all of the assets of such Person otherwise than as an entirety or substantially as an entirety; and (2) the distribution of all or substantially all of the proceeds of such sale,
lease, conveyance or other disposition of all or substantially all of the remaining assets of such Person to holders of Equity Interests of such Person. 
 “principal” of a Security means the principal of the Security plus, when appropriate, the premium, if any, on the Security. 

“redeem” means to redeem, repurchase, purchase, defease, retire, discharge or otherwise acquire or retire for value, and
“redemption” has a correlative meaning. 
 “Register” has the meaning set forth in Section 2.04.

 “Registered Security” means a Security that is registered on the Register. 

  
 5 

 “Responsible Officer” means, when used with respect to the Trustee, any
officer in the Corporate Trust Office or equivalent office, group or department of the Trustee to whom any corporate trust matter is referred because of such officer’s knowledge of and familiarity with the particular subject and shall also mean
any officer of the Trustee who shall have direct responsibility for the administration of this Indenture. 

“SEC” means the U.S. Securities and Exchange Commission. 

“Securities” means the debentures, notes or other debt instruments of the Company of any Series (including coupons, if
any, appurtenant thereto) authenticated and delivered under this Indenture. 
 “Securities Act” means the U.S.
Securities Act of 1933, as amended. 
 “Series” or “Series of Securities” means each series of
debentures, notes or other debt instruments of the Company created pursuant to Sections 2.01 and 2.02 hereof. 
 “Stated
Maturity” means, with respect to any installment of interest or principal on any Indebtedness, the date specified in such Security or a coupon representing such installment on which such payment of interest or principal is scheduled to be
paid in the documentation governing such Indebtedness, and shall not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to the date originally scheduled for the payment thereof. 

“Subsidiary” means, with respect to any Person: 
 (1) any corporation, limited liability company, association or other business entity of which more than 50% of the total voting power of the Equity Interests entitled (without regard to the occurrence of
any contingency) to vote in the election of the Board of Directors thereof are at the time owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and

 (2) any partnership (a) the sole general partner or the managing general partner of which is such Person or a Subsidiary
of such Person or (b) the only general partners of which are such Person or of one or more Subsidiaries of such Person (or any combination thereof). 
 Unless otherwise specified, “Subsidiary” refers to a Subsidiary of the Company. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended. 
 “Trustee” means the Person named as the “Trustee” in the first paragraph of this Indenture until a successor Trustee shall have become such pursuant to the applicable provisions
of this Indenture, and thereafter “Trustee” shall mean each Person who is then a Trustee hereunder, and if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any
Series shall mean the Trustee with respect to Securities of that Series. 

  
 6 

 “U.S. Government Obligations” means direct, non-callable obligations of, or
obligations guaranteed by, the United States of America, and the payment for which the United States pledges its full faith and credit. 
 SECTION 1.02 Other Definitions. 
  

					
	 TERM
	  	DEFINED
IN
SECTION	 
	 “Covenant Defeasance”
	  	 	8.02	  
	 “Event of Default”
	  	 	6.01	  
	 “Journal”
	  	 	10.14	  
	 “Judgment Currency”
	  	 	10.15	  
	 “Legal Defeasance”
	  	 	8.02	  
	 “mandatory sinking fund payment”
	  	 	11.01	  
	 “Market Exchange Rate”
	  	 	10.14	  
	 “New York Banking Day”
	  	 	10.15	  
	 “optional sinking fund payment”
	  	 	11.01	  
	 “Paying Agent”
	  	 	2.04	  
	 “Registrar”
	  	 	2.04	  
	 “Required Currency”
	  	 	10.15	  
	 “Service Agent”
	  	 	2.04	  
	 “Successor”
	  	 	5.01	  

 SECTION 1.03 Incorporation by Reference of Trust Indenture Act.  

Whenever this Indenture refers to a provision of the Trust Indenture Act, such provision is incorporated by reference in, and made a part
of, this Indenture. The following Trust Indenture Act terms used in this Indenture have the following meanings: 

“indenture securities” means the Securities. 
 “indenture security holder” means a Holder. 
 “indenture to be
qualified” means this Indenture. 
 “indenture trustee” or “institutional trustee” means the Trustee.

 “obligor” on the indenture securities means the Company and any other obligor on the Securities. 

All other Trust Indenture Act terms used in this Indenture that are defined by the Trust Indenture Act, defined by Trust Indenture Act
reference to another statute or defined by SEC rule and not otherwise defined herein have the meanings assigned to them therein. 

  
 7 

 SECTION 1.04 Rules of Construction. 

Unless the context otherwise requires: 
 (1) a term has the meaning assigned to it; 
 (2) an accounting term not otherwise
defined has the meaning assigned to it in accordance with GAAP; 
 (3) references to “generally accepted accounting
principles” and “GAAP” shall mean generally accepted accounting principles or GAAP in effect as of the time and for the period as to which such accounting principles are to be applied; 

(4) “or” is not exclusive; 
 (5) words in the singular include the plural, and words in the plural include the singular; 
 (6) all references in this Indenture to “Articles,” “Sections” and other subdivisions are to the designated Articles, Sections and provisions of this Indenture, unless otherwise
indicated; 
 (7) provisions apply to successive events and transactions; 

(8) “herein,” “hereof” and other words of similar import refer to this Indenture as a whole and not to any particular
Article, Section or other subdivision; and 
 (9) the words “including,” “includes” and similar words shall
not be limiting and shall be deemed to be followed by “without limitation.” 
 ARTICLE TWO 

THE SECURITIES 

SECTION 2.01 Issuable in Series.  
 The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more Series. All Securities of a Series and
the coupons appertaining to any Bearer Securities of such Series shall be identical except as may be set forth in a Board Resolution, a supplemental indenture or an Officers’ Certificate detailing the adoption of the terms thereof pursuant to
the authority granted under a Board Resolution. In the case of Securities of a Series to be issued from time to time, the Board Resolution, supplemental indenture or Officers’ Certificate detailing the adoption of the terms thereof pursuant to
authority granted under a Board Resolution may provide for the method by which specified terms (such as interest rate, maturity date, record date or date from which interest shall accrue) are to be determined. Securities may differ between Series in
respect of any matters, provided that all Series of Securities shall be equally and ratably entitled to the benefits of this Indenture. 
 Unless otherwise provided in the Board Resolution, supplemental indenture or Officers’ Certificate creating a Series of Bearer Securities, Bearer securities shall have coupons attached. 

  
 8 

 SECTION 2.02 Establishment of Terms of Series of Securities. 

At or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the
case of Section 2.02(a), and either as to such Securities within the Series or as to the Series generally in the case of Section 2.02(a) through 2.02(dd)) by or pursuant to a Board Resolution, and set forth or determined in the manner
provided in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate pursuant to authority granted under a Board Resolution: 
 (a) the title of the Series (which shall distinguish the Securities of that particular Series from the Securities of any other Series); 

(b) the price or prices (expressed as a percentage of the principal amount thereof) at which the Securities of the Series will be issued;

 (c) 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 2.07, 2.08, 2.11, 3.06 or 9.05); 

(d) the date or dates on which the principal of the Securities of the Series is payable; 

(e) the Person to whom any interest on any Registered Security of the Series shall be payable, if other than the Person in whose name that
Security is registered at the close of business on the regular record date for such interest, the manner in which, or the Person to whom, any interest on any Bearer Security of the Series shall be payable, if otherwise than upon presentation and
surrender of the coupons appertaining thereto as they severally mature, and the extent to which, or the manner in which, any interest payable on a temporary Global Security on an interest payment date will be paid; 

(f) the rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine such rate or rates
(including, but not limited to, any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall bear interest, if any, the date or dates from which such interest, if any, shall accrue, the date or
dates on which such interest, if any, shall commence and be payable, any regular record date for the interest payable on any interest payment date, and the right, if any, of the Company to extend the interest payment periods and the duration of any
such extension; 
 (g) the place or places where the principal of and interest, if any, on the Securities of the Series shall be
payable, where the Securities of such Series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be served, and the
method of such payment, if by wire transfer, mail or other means; 
 (h) if applicable, the period or periods within which, the
price or prices at which and the other detailed terms and conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company; 

  
 9 

 (i) the obligations, if any, of the Company to redeem or purchase the Securities of the
Series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof and the date or dates on which or period or periods within which, the price or prices at which and the other detailed terms and provisions upon which
Securities of the Series shall be redeemed or purchased, in whole or in part, pursuant to such obligations; 
 (j) if other than
denominations of $1,000 and integral multiples thereof, the denominations in which the Securities of the Series shall be issuable; 
 (k) the forms of the Securities of the Series in bearer or fully registered form (and, if in fully registered form, whether the Securities will be issuable as Global Securities); 

(l) if other than the principal amount thereof, the portion of the principal amount of the Securities of the Series that shall be payable
upon acceleration or declaration of acceleration of the maturity thereof pursuant to Section 6.02; 
 (m) the currency of
denomination of the Securities of the Series, which may be in Dollars or any Foreign Currency; 
 (n) the designation of the
currency, currencies or currency units in which payment of the principal (and premium, if any) or interest or Additional Amounts, if any, on the Securities of the Series will be made; 

(o) if payments of principal of or interest, if any, on the Securities of the Series are to be made in one or more currencies or currency
units other than that or those in which such Securities are denominated, the manner in which the exchange rate with respect to such payments will be determined; 
 (p) the terms, if any, of subordination of the Securities of the Series; 
 (q) the
terms, if any, of any guarantee of the Securities of the Series by any of the Company’s Subsidiaries, whether any such guarantee shall be made on a senior or subordinated basis and, if applicable, the terms of subordination of any such
guarantee; 
 (r) any provisions relating to any security provided for the Securities of the Series or any guarantees by any of
the Company’s Subsidiaries (including any security to be provided by any such Subsidiary guarantor); 
 (s) any addition to
or change in the Events of Default which applies to any Securities of the Series and any change in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to
Section 6.02; 
 (t) any addition to or change in the covenants set forth in Articles Four or Five that applies to
Securities of the Series; 

  
 10 

 (u) whether Securities of the Series are to be issuable as Registered Securities, Bearer
Securities (with or without coupons) or both; any restrictions applicable to the offer, sale or delivery of Bearer Securities and the terms upon which Bearer Securities of the Series may be exchanged for Registered Securities of the Series and vice
versa (if permitted by applicable laws and regulations); whether any Securities of the Series are to be issuable initially in temporary global form and whether any Securities of the Series are to be issuable in permanent global form with or without
coupons and, if so, whether beneficial owners of interests in any such permanent Global Security may exchange such interests for Securities of such Series and of like tenor of any authorized form and denomination and the circumstances under which
any such exchanges may occur; and, if Registered Securities of the Series are to be issuable as a Global Security, the identity of the depositary for such series; 
 (v) the date as of which any Bearer Securities of the Series and any temporary Global Security representing outstanding Securities of the Series shall be dated if other than the date of original issuance
of the first Security of the Series to be issued; 
 (w) the provisions, if any, relating to conversion of any Securities of such
Series into Equity Interests, including if applicable, the conversion price, the conversion period, provisions as to whether conversion will be mandatory, at the option of the Holders thereof or at the option of the Company, the events requiring an
adjustment of the conversion price and provisions affecting conversion if such Series of Securities are redeemed; 
 (x) any
conversion or exchange features of the Securities of such Series; 
 (y) any addition to or change in the provisions relating to
satisfaction and discharge of Obligations under this Indenture with respect to the Securities of such Series, or in the provisions relating to legal defeasance or covenant defeasance under this Indenture with respect to the Securities of such
Series; 
 (z) any addition to or change in the provisions relating to modification of this Indenture both with and without the
consent of Holders of the Securities of such Series; 
 (aa) any other terms or provisions of the Securities of the Series (which
may amend, supplement, modify or delete any provision of this Indenture insofar as it applies to such Series); 
 (bb) any
registrars, paying agents, service agents, depositories, interest rate calculation agents, exchange rate calculation agents or other agents with respect to Securities of such Series if other than those appointed herein; 

(cc) whether and under what circumstances the Company will pay Additional Amounts to any Holder who is not a United States person
(including any modification to the definition of such term) in respect of any tax, assessment or governmental charge and, if so, whether the Company will have the option to redeem such Securities rather than pay such Additional Amounts (and the
terms of any such option); and 
 (dd) any other terms of the Series. 

All Securities of any one Series need not be issued at the same time and may be issued from time to time, consistent with the terms of
this Indenture, if so provided by or pursuant to the Board Resolution, supplemental indenture or Officers’ Certificate referred to above. The authorized principal amount of any Series may not be increased to provide for issuances of additional
Securities of such Series, unless otherwise provided in such Board Resolution, supplemental indenture or Officers’ Certificate. 

  
 11 

 If any of the terms of the Securities of any Series are established by action taken pursuant
to one or more Board Resolutions, a copy of an appropriate record of such action(s) shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or before the delivery of the Officers’ Certificate
setting forth the terms of the Securities of such Series. 
 SECTION 2.03 Execution and Authentication. 

The Securities and any coupons appertaining thereto shall be executed on behalf of the Company by an Officer (other than the secretary or
an assistant secretary), whose signatures thereon may be manual or facsimile signatures. 
 If an Officer whose signature is on
a Security or coupon was an Officer at the time of such execution but no longer holds that office at the time the Security or coupon is authenticated, the Security or coupon shall nevertheless be valid. 

A Security shall not be valid until authenticated by the manual signature of the Trustee or an authenticating agent. The signature shall
be conclusive evidence that the Security has been authenticated under this Indenture. 
 The Trustee shall at any time, and from
time to time, authenticate Securities for original issue in the principal amount provided in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, upon receipt by the Trustee of a Company Order. Such Company Order may
authorize authentication and delivery pursuant to oral or electronic instructions from the Company or its duly authorized agent or agents, which oral instructions shall be promptly confirmed in writing. Each Security shall be dated the date of its
authentication unless otherwise provided by a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate. 
 In connection with its original issuance, no Bearer Security shall be mailed or otherwise delivered to any location in the United States. If any Security shall be represented by a permanent Global Bearer
Security, then, for purposes of this Section and Section 2.11, the notation of a beneficial owner’s interest therein upon original issuance of such Security or upon exchange of a portion of a temporary Global Security shall be deemed to be
delivery in connection with its original issuance of such beneficial owner’s interest in such permanent Global Security. Except as permitted by Section 2.08, the Trustee shall not authenticate and deliver any Bearer Security unless all
appurtenant coupons for interest then matured have been detached and cancelled. 
 The aggregate principal amount of Securities
of any Series outstanding at any time may not exceed any limit upon the maximum principal amount for such Series set forth in the Board Resolution, supplemental indenture or Officers’ Certificate delivered pursuant to Section 2.02, except
as provided in Section 2.08. 

  
 12 

 Prior to the issuance of Securities of any Series, the Trustee shall have received and
(subject to Section 7.02) shall be fully protected in relying on: (i) the Board Resolution, supplemental indenture or Officers’ Certificate establishing the form of the Securities of that Series or of Securities within that Series and
the terms of the Securities of that Series or of Securities within that Series, (ii) an Officers’ Certificate complying with Section 10.05, and (iii) an Opinion of Counsel complying with Section 10.05. 

The Trustee may appoint an authenticating agent reasonably acceptable to the Company to authenticate Securities. Unless otherwise
provided in the appointment, an authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such authenticating agent. An
authenticating agent has the same rights as an Agent to deal with the Company and Affiliates of the Company. The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series if the Trustee, being advised by
counsel, determines that such action may not lawfully be taken or if the Trustee in good faith shall determine that such action would expose the Trustee to personal liability. 
 SECTION 2.04 Registrar and Paying Agent. 
 The Company shall maintain,
with respect to each Series of Securities, at the place or places specified with respect to such Series pursuant to Section 2.02, an office or agency in the United States where (a) Securities of such Series may be surrendered for
registration of transfer or exchange (“Registrar”), (b) Securities of such Series may be presented or surrendered for payment (“Paying Agent”) and (c) notices and demands to or upon the Company in respect
of the Securities of such Series and this Indenture may be served (“Service Agent”). The Company may act as Registrar or Paying Agent. The Registrar shall keep a register (the “Register” ) with respect to each
Series of Securities and to their transfer and exchange. The term “Registrar” includes any co-registrar; the term “Paying Agent” includes any additional paying agent; and the term “Service Agent” includes
any additional service agent. The Company hereby appoints the Trustee as the initial Registrar, Paying Agent and Service Agent for each Series unless another Registrar, Paying Agent or Service Agent, as the case may be, is appointed prior to the
time Securities of that Series are first issued. The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address, of each Registrar, Paying Agent or Service Agent. If at any time the Company
shall fail to maintain any such required Registrar, Paying Agent or Service Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate
Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 
 The Company may also from time to time designate one or more co-registrars, additional paying agents or additional service agents 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 obligations to maintain a Registrar, Paying Agent and Service Agent in each place so specified pursuant to Section 2.02 for Securities of any
Series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the name or address of any such co-registrar, additional paying agent or additional service agent.

  
 13 

 If Securities of a Series are issuable as Bearer Securities, the Company also will subject
to any laws or regulations applicable thereto, maintain a Paying Agent and Service Agent located outside the United States. Unless otherwise specified with respect to any Securities pursuant to Section 2.02, no payment of principal, premium or
interest on or Additional Amounts in respect of Bearer Securities shall be made at any office or agency of the Company in the United States or by check mailed to any address in the United States or by transfer to an account maintained with a bank
located in the United States; provided, however, that, if the Securities of a Series are payable in Dollars, payment of principal of and any premium and interest on any Bearer Security (including any Additional Amounts payable on Securities
of such Series pursuant to Section 4.07) shall be made at the office of the Paying Agent in the Borough of Manhattan, the City of New York, if (but only if) payment in Dollars of the full amount of such principal, premium, interest or
Additional Amounts, as the case may be, at all offices or agencies outside the United States maintained for the purpose by the Company in accordance with this Indenture, is illegal or effectively precluded by exchange controls or other similar
restrictions. 
 The Company shall enter into an appropriate agency agreement with any Agent not a party to this Indenture,
which agreement shall implement the provisions of this Indenture that relate to such Agent. The Company shall notify the Trustee, in advance, of the name and address, and any change in the name of address, of any such Agent. If the Company fails to
maintain a Registrar or Paying Agent, the Trustee shall act as such. 
 SECTION 2.05 Paying Agent to Hold Assets in
Trust. 
 The Company shall require each Paying Agent other than the Trustee or the Company or any Subsidiary to agree in
writing that each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the Securities (whether such assets have been distributed to it by the
Company or any other obligor on the Securities), and shall notify the Trustee of any Default by the Company (or any other obligor on the Securities) in making any such payment. The Company at any time may require a Paying Agent to distribute all
assets held by it to the Trustee and account for any assets disbursed, and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by
it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by the Company to the Paying Agent, the Paying Agent shall have no further liability for such assets. If the
Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders of any Series of Securities all money held by it as Paying Agent. 

SECTION 2.06 Holder Lists. 
 The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of the Holders of each Series of Securities and shall otherwise
comply with Trust Indenture Act § 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten (10) days before each interest payment date with respect to any Series of Securities and at such other
times as the Trustee may request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of the Holders of such Series of Securities, which list may be conclusively relied upon by the
Trustee. 

  
 14 

 SECTION 2.07 Transfer and Exchange. 

Subject to Section 2.14, where Securities of a Series are presented to the Registrar with a request to register a transfer or to
exchange them for an equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange as requested if its requirements for such transaction are met; provided, however , that the
Securities surrendered for transfer or exchange shall be duly endorsed or accompanied by a written instrument of transfer in form satisfactory to the Company and the Registrar, duly executed by the Holder thereof or his or her attorney duly
authorized in writing. To permit registrations of transfers and exchanges, the Company shall execute and the Trustee shall authenticate Securities at the Registrar’s request. No service charge shall be made for any registration of transfer or
exchange (except as otherwise expressly permitted herein), but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or similar
governmental charge payable upon exchanges pursuant to Sections 2.11, 3.06 or 9.05). 
 If (but only if) permitted by the
applicable Board Resolution set forth in the applicable Officers’ Certificate, or in any indenture supplemental hereto, delivered as contemplated by Section 2.02, at the option of the Holder, Bearer Securities of any Series may be
exchanged for Registered Securities of the same Series of any authorized denominations and of a like aggregate principal amount and tenor, upon surrender of the Bearer Securities to be exchanged at any such office or agency, with all unmatured
coupons and all matured coupons in default thereto appertaining. 
 Without the prior written consent of the Company, the
Registrar shall not be required to register the transfer of or exchange Securities of any Series (i) during the period beginning at the opening of business fifteen (15) days before the mailing of a notice of redemption of Securities of
that Series selected for redemption and ending at the close of business on the day of such mailing, or (ii) selected, called or being called for redemption in whole or in part pursuant to Article Three, except the unredeemed portion of such
Securities, if any. 
 SECTION 2.08 Replacement Securities. 

If a mutilated Security or any Security with a mutilated coupon appertaining to it is surrendered to the Trustee or if the Holder of a
Security claims that the Security or any coupon has been lost, destroyed or wrongfully taken, the Company shall issue and the Trustee shall authenticate and deliver a replacement Security of the same Series if the requirements of Section 8-405
of the Uniform Commercial Code are met and the Holder satisfies any other reasonable requirements of the Trustee. If required by the Trustee or the Company, such Holder shall furnish an indemnity bond sufficient in the judgment of the Company and
the Trustee to protect the Company, the Trustee or any Agent from any loss which any of them may suffer if a Security or coupon is replaced. The Company and the Trustee may each charge such Holder for its reasonable out-of-pocket expenses in
replacing a Security pursuant to this Section 2.08, including reasonable fees and expenses of counsel and of the Trustee. 

  
 15 

 Every replacement Security of any Series with its coupons, if any, issued pursuant to this
Section in lieu of any lost, destroyed or wrongfully taken Security shall constitute an original additional contractual obligation of the Company, whether or not the lost, destroyed or wrongfully taken Security or coupon shall be at any time
enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of that Series and its coupons, if any, duly issued hereunder. 

In case any such mutilated, destroyed, lost or wrongfully taken Security or coupon has become or is about to become due and payable, the
Company in its discretion may, instead of issuing a new Security or coupon, pay such Security or coupon; provided, however, that payment of principal of (and premium, if any), any interest on and any Additional Amounts with respect to Bearer
Securities shall, except as otherwise provided in Section 2.04, be payable only at an office or agency located outside the United States and, unless otherwise specified as contemplated by Section 2.02, any interest on Bearer Securities
shall be payable only upon presentation and surrender of the coupons appertaining thereto. 
 The provisions of this
Section 2.08 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of lost, destroyed or wrongfully taken Securities. 

SECTION 2.09 Outstanding Securities. 
 Subject to Section 2.10, the Securities outstanding at any time are all the Securities authenticated by the Trustee except those cancelled by it, those delivered to it for cancellation, those
reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section as not outstanding. Subject to Section 2.10, a Security does not cease to be outstanding
because the Company or any of its Affiliates holds the Security. 
 If a Security is replaced pursuant to Section 2.08
(other than a mutilated Security surrendered for replacement), it ceases to be outstanding unless a Responsible Officer of the Trustee receives proof satisfactory to it that the replaced Security is held by a bona fide purchaser. 

If the Paying Agent (other than the Company, a Subsidiary of the Company or an Affiliate of the Company) holds on the Maturity Date of
Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease to be outstanding and interest on them ceases to accrue. 

In determining whether the Holders of the requisite principal amount of outstanding Securities have given any request, demand,
authorization, direction, notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the
date of such determination upon a declaration of acceleration of the Maturity Date thereof pursuant to Section 6.02. 

  
 16 

 If the principal amount of any Security is considered paid under Section 4.01, it
ceases to be outstanding and interest ceases to accrue. If on any redemption date or the Maturity Date the Trustee or Paying Agent (other than the Company or an Affiliate thereof) holds cash in Dollars or U.S. Government Obligations, or a
combination thereof, in amounts sufficient to pay all of the principal and interest due on the Securities payable on that date, then on and after that date such Securities cease to be outstanding and interest on them ceases to accrue. 

SECTION 2.10 Treasury Securities. 
 In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand, authorization, direction, notice, consent or waiver Securities of a
Series owned by the Company or an Affiliate of the Company shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on any such request, demand, authorization, direction, notice, consent or
waiver only Securities of a Series that the Trustee knows are so owned shall be so disregarded. 
 SECTION 2.11
Temporary Securities. 
 Until definitive Securities of a Series are ready for delivery, the Company may prepare and the
Trustee shall, upon receipt of a Company Order, authenticate temporary Securities, substantially of the tenor of the definitive Securities in lieu of which they are issued, in registered form, or, if authorized, in bearer form with one or more
coupons or without coupons, and with such variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate definitive Securities of the same Series
and Maturity Date in exchange for temporary Securities; provided, however, that no definitive Bearer Security shall be delivered in exchange for a temporary Registered Security; and provided further that a definitive Bearer Security shall be
delivered in exchange for a temporary Bearer Security only in compliance with the conditions set forth in Section 2.03. Until such exchange, temporary Securities shall be entitled to the same rights, benefits and privileges as definitive
Securities of the same Series. 
 SECTION 2.12 Cancellation. 

The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the
Trustee any Securities surrendered to them for transfer, exchange or payment. The Trustee, or at the direction of the Trustee, the Registrar or the Paying Agent (other than the Company or a Subsidiary), and no one else, shall cancel and, at the
written direction of the Company, shall dispose of all Securities surrendered for transfer, exchange, payment or cancellation in accordance with its customary procedures. Certification of the destruction of all cancelled Securities shall be
delivered to the Company upon request by the Company. Subject to Section 2.08, the Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation. If the Company or any of its
Subsidiaries shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the Indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation
pursuant to this Section 2.12. 

  
 17 

 SECTION 2.13 Defaulted Interest. 

If the Company defaults in a payment of interest on the Securities of any Series, it shall pay the defaulted interest, plus (to the
extent lawful) any interest payable on the defaulted interest, in any lawful manner. The Company may pay the defaulted interest to the Persons who are the Holders of the Securities of such Series on a subsequent special record date, which date shall
be the fifteenth (15th) day next preceding the date fixed by the Company for the payment of defaulted interest or the next succeeding Business Day if such date is not a Business Day. At least fifteen (15) days before any such subsequent
special record date, the Company (or, upon the written request of the Company, the Trustee in the name and at the expense of the Company) shall send to each Holder, with a copy to the Trustee, a notice that states the subsequent special record date,
the payment date and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid. 

SECTION 2.14 Global Securities. 
 (a) Terms of Securities. A Board Resolution, a supplemental indenture hereto or an Officers’ Certificate shall establish whether the Securities of a Series shall be issued in whole or in part
in the form of one or more Global Securities and the Depositary for such Global Security or Securities. 
 (b) Transfer and
Exchange. Notwithstanding any provisions to the contrary contained in Section 2.07 of this Indenture and in addition thereto, any Global Security shall be exchangeable pursuant to Section 2.07 of this Indenture for Securities
registered in the names of Holders other than the Depositary for such Security or its nominee only if (i) such Depositary notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time
such Depositary ceases to be a clearing agency registered under the Exchange Act, and, in either case, the Company fails to appoint a successor Depositary registered as a clearing agency under the Exchange Act within ninety (90) days of such
event, (ii) the Company executes and delivers to the Trustee an Officers’ Certificate to the effect that such Global Security shall be so exchangeable or (iii) an Event of Default with respect to the Securities represented by such
Global Security shall have happened and be continuing. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such names as the Depositary shall direct in writing in an
aggregate amount equal to the principal amount of the Global Security with like tenor and terms. Except as provided in this Section 2.14(b), a Global Security may not be transferred except as a whole by the Depositary with respect to such
Global Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor Depositary.

 (c) Legend. Any Global Security issued hereunder shall bear a legend in substantially the following form: 

“This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of the
Depositary or a nominee of the Depositary. This Security is exchangeable for Securities registered in the name of a Person other than the Depositary or its nominee only in the limited circumstances described in the Indenture, and may not be
transferred except as a whole by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of
such a successor Depositary.” 

  
 18 

 (d) Acts of Holders. The Depositary, as a Holder, may appoint agents and otherwise
authorize participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under this Indenture. 

(e) Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by
Section 2.02, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof. 
 (f) Consents, Declaration and Directions. Except as provided in Section 2.09 (last sentence), the Company, the Trustee and any Agent shall treat a Person as the Holder of such principal amount
of outstanding Securities of such Series represented by a Global Security as shall be specified in a written statement of the Depositary with respect to such Global Security, for purposes of obtaining any consents, declarations, waivers or
directions required to be given by the Holders pursuant to this Indenture. 
 SECTION 2.15 CUSIP and ISIN Numbers.

 The Company in issuing the Securities may use “CUSIP” or “ISIN” numbers, and if so, the Trustee shall use
the “CUSIP” or “ISIN” numbers in notices of redemption or exchange as a convenience to Holders; provided, however, that any such notice may state that no representation is made as to the correctness or accuracy of the
“CUSIP” or “ISIN” numbers printed in the notice or on the Securities, and that reliance may be placed only on the other identification numbers printed on the Securities. The Company will promptly notify the Trustee of any change
in the “CUSIP” or “ISIN” numbers. 
 ARTICLE THREE 

REDEMPTION 

SECTION 3.01 Notices to Trustee. 
 The Company may, with respect to any Series of Securities, reserve the right to redeem and pay the Series of Securities or may covenant to redeem and pay the Series of Securities or any part thereof prior
to the Stated Maturity thereof at such time and on such terms as provided for in such Securities. If a Series of Securities is redeemable and the Company wants or is obligated to redeem prior to the Stated Maturity thereof all or part of the Series
of Securities pursuant to the terms of such Securities, it shall notify the Trustee of the redemption date and the principal amount of Series of Securities to be redeemed. The Company shall give the notice of redemption to the Trustee at least
forty-five (45) days before the redemption date (unless a shorter notice shall be agreed to by the Trustee in writing), together with such documentation and records as shall enable the Trustee to select the Securities to be redeemed.

  
 19 

 SECTION 3.02 Selection of Securities to be Redeemed. 

Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture hereto or an Officers’
Certificate, if less than all the Securities of a Series are to be redeemed, the Trustee shall select the Securities of the Series to be redeemed as follows: 
 (1) if such Securities are listed on a national securities exchange, in compliance with the requirements of the principal national securities exchange on which such Securities are listed; or 

(2) if such Securities are not so listed, on a pro rata basis, by lot or by such other method as the Trustee shall deem fair and
appropriate. 
 In the event of partial redemption, the Trustee shall make the selection from Securities of the Series
outstanding not previously called for redemption. The Trustee may select for redemption portions of the principal of Securities of the Series that have denominations larger than $1,000. Securities of the Series and portions of them it selects shall
be in amounts of $1,000 or integral multiples of $1,000 or, with respect to Securities of any Series issuable in other denominations pursuant to SubSection 2.02(i), the minimum principal denomination for each Series and integral multiples thereof.
Provisions of this Indenture that apply to Securities of a Series called for redemption also apply to portions of Securities of that Series called for redemption. 
 SECTION 3.03 Notice of Redemption. 
 Unless otherwise indicated for a
particular Series by a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, at least thirty (30) days but not more than sixty (60) days before a redemption date, the Company shall send, or cause to be sent, a
notice of redemption by first-class mail, postage prepaid, to each Holder whose Securities are to be redeemed and if any Bearer Securities are outstanding, publish on one occasion a notice in an Authorized Newspaper (except that a redemption
referred to in Article Eight may be more than sixty (60) days before the applicable redemption date). At the Company’s request, the Trustee shall forward the notice of redemption in the Company’s name and at the Company’s
expense. Each notice for redemption shall identify the Securities of the Series to be redeemed (including the CUSIP or ISIN number, if any) and shall state: 
 (1) the date fixed for the redemption of such Securities; 
 (2) the price fixed for
the redemption of such securities, including accrued interest to the redemption date and Additional Amounts, if any; 
 (3) if
less than all outstanding Securities of any Series are to be redeemed, the identification (and, in the case of partial redemption, the principal amount) of the particular Security or Securities to be redeemed; 

(4) in case any Security is to be redeemed in part only, that on and after the redemption date, upon surrender of such Security, the
holder will receive, without a charge, a new Security or Securities of authorized denominations for the principal amount thereof remaining unredeemed; 

  
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 (5) that on the redemption date the redemption price and accrued interest to the redemption
date, if any, will become due and payable upon each such Security, or the portion thereof, to be redeemed and, if applicable, that interest thereon shall cease to accrue on and after said date; 

(6) the place or places of payment where such Securities, together in the case of Bearer Securities with all coupons appertaining thereto,
if any, maturing after the redemption date, are to be surrendered for payment of the redemption price and accrued interest, if any, or for conversion; 
 (7) that, unless otherwise specified in such notice, Bearer Securities of any Series, if any, surrendered for redemption must be accompanied by all coupons maturing after the date fixed for redemption or
the amount of any such missing coupon or coupons will be deducted from the redemption price, unless security or indemnity satisfactory to the Company, the Trustee for such Series and any Paying Agent is furnished; 

(8) If Bearer Securities of any Series are to be redeemed and any Registered Securities of such Series are not to be redeemed, and if such
Bearer Securities may be exchanged for Registered Securities not subject to redemption on the redemption date or otherwise, the last date, as determined by the Company, on which such exchanges may be made; 

(9) the CUSIP number of such Security, if any; 
 (10) if applicable, that a Holder of Securities who desires to convert Securities for redemption must satisfy the requirements of conversion contained in such Securities, the then existing conversion
price or rate and the date and time when the option to convert shall expire; 
 (11) the name and address of the Paying Agent;

 (12) that Securities of the Series called for redemption must be surrendered to the Paying Agent to collect the redemption
price therefor; 
 (13) that interest on Securities of the Series called for redemption shall cease to accrue on and after the
redemption date thereof, and the only remaining right of the Holders of such Securities shall be to receive payment of the redemption price therefor upon surrender to the Trustee or Paying Agent of the Securities to be redeemed; and 

(14) any other information as may be required by the terms of the particular Series or the Securities of a Series being redeemed and such
other matters as the Company shall deem desirable or appropriate. 
 At the Company’s request, the Trustee shall give the
notice of redemption in the Company’s name and at its expense. 

  
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 Any notice that is mailed to the Holders of Registered Securities in the manner herein
provided shall be conclusively presumed to have been duly given, whether or not the Holder receives the notice. 

SECTION 3.04 Effect of Notice of Redemption. 
 Once notice of redemption is mailed or published as provided in accordance with Section 3.03, Securities of a Series called for redemption shall become due and payable on the redemption date and at
the redemption price therefor. A notice of redemption may not be conditional. Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price plus accrued interest to the redemption date; provided that installments of
interest whose Stated Maturity is on or prior to the redemption date shall be payable to the Holders of such Securities (or one or more predecessor Securities) registered at the close of business on the relevant record date therefor according to
their terms and the terms of this Indenture. 
 SECTION 3.05 Deposit of Redemption Price. 

On or before 10:00 a.m. New York time on the redemption date, the Company shall deposit with the Paying Agent funds sufficient to pay the
redemption price of and accrued and unpaid interest, if any, on all Securities to be redeemed on that date. 
 SECTION 3.06
Securities Redeemed in Part. 
 Upon surrender of a Security that is to be redeemed in part, the notice of redemption
that relates to such Security shall state the portion of the principal amount thereof to be redeemed. A new Security or Securities of the same Series and the same Maturity Date equal in principal amount to the unredeemed portion of the original
Security shall be issued in the name of the Holder thereof upon surrender and cancellation of the original Security surrendered. 

ARTICLE FOUR 

COVENANTS 

SECTION 4.01 Payment of Principal and Interest. 
 The Company shall pay or cause to be paid the principal of (and premium, or any) and interest on and Additional Amounts payable on the Securities of each Series in accordance with the terms of such
Securities, any coupons appertaining thereto, and this Indenture. Unless otherwise specified as contemplated by Section 2.02 with respect to any Series of Securities, any interest due on and any Additional Amounts payable in respect of Bearer
Securities on or before Maturity, other than Additional Amounts, if any, payable as provided in Section 4.07 in respect of principal of (or premium, if any, on) such a Security, shall be payable only upon presentation and surrender of the
several coupons for such interest installments as are evidenced thereby as they severally mature. An installment of principal of (and premium, if any), or interest on and Additional Amounts payable on, Securities shall be considered paid on the date
it is due if the Trustee or the Paying Agent (other than the Company or an Affiliate thereof) holds on that date funds designated for and sufficient to pay the installment. The Paying Agent shall return to the Company promptly, and in any event, no
later than five (5) Business Days following the date of payment, any money (including accrued interest) that exceeds such amount of principal and interest paid on the Securities. If a payment date is not a Business Day, at a place of payment,
payment may be made at that place on the next succeeding day that is a Business Day, and no interest shall accrue on such payment for the intervening period. 

  
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 SECTION 4.02 Maintenance of Office or Agency. 

The Company covenants and agrees for the benefit of the Holders of each Series of Securities that it will maintain an office or agency in
the United States where such Securities may be surrendered for registration of transfer or for exchange and where notices and demands to or upon the Company in respect of such Securities and this Indenture may be served. Unless otherwise indicated
for a particular series by a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, the Company shall maintain such offices or agencies in connection with each Series of Securities in the Borough of Manhattan, The City
of New York, New York (which may be an office or drop facility of the Trustee, the Registrar or the Service Agent, as applicable, for such Securities or an Affiliate of such Trustee, the Registrar or the Service Agent, as applicable, for such
Securities). The Company will give prompt written notice to the Trustee for such Securities of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or
agency or shall fail to furnish such Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of such Trustee. 

The Company may also from time to time designate one or more other offices or agencies where Holders of a Series of Securities may be
presented or surrendered for any or all such purposes and may from time to time rescind such designations. The Company will give prompt written notice to the Trustee for such Series of Securities of any such designation or rescission and of any
change in the location of any such other office or agency. 
 With respect to each Series of Securities, the Company hereby
designates the Corporate Trust Office of the Trustee for such Securities as one such office or agency of the Company in accordance with Section 2.05 hereof. 
 SECTION 4.03 Corporate Existence. 
 Except as otherwise permitted by
Article Five and the other provisions of this Indenture, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect corporate or equivalent existence and material rights (charter and statutory) and
material franchises of it and its Subsidiaries; provided, however, that the Company shall not be required to preserve any such right or franchise of a Subsidiary if the Board of Directors of the Company shall determine that the preservation
thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries, taken as a whole, or if the failure so to preserve would not reasonably be expected to have a material adverse effect on the Company and its
Subsidiaries, taken as a whole. 
 SECTION 4.04 Compliance Certificate. 

The Company and each guarantor of any Series of Securities (to the extent that such guarantor is so required under the Trust Indenture
Act) shall deliver to the Trustee with respect to such Series, within one hundred twenty (120) days after the end of each fiscal year of the 

  
 23 

 
Company, an Officers’ Certificate stating that, in the course of the performance by the signers of their duties as Officers of the Company, they would normally have knowledge of any Default
and whether or not the signers know of any Default that occurred during such fiscal year. If they do know of such a Default, the certificate shall describe the Default, its status and what action, if any, the Company is taking or proposes to take
with respect thereto. The Company also shall comply with Trust Indenture Act § 314(a)(4). 
 SECTION 4.05 Waiver of
Stay, Extension or Usury Laws. 
 The Company and each guarantor, if any, of any Series of Securities covenants (to the
extent permitted by applicable law) that it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury law or other law that would prohibit or forgive such
Company or such guarantor from paying all or any portion of the principal of (and premium, if any) and/or interest on and Additional Amounts payable on such Securities or the guarantee, if any, of any such guarantor as contemplated herein, wherever
enacted, now or at any time hereafter in force, or which may affect the covenants or the performance of this Indenture, and (to the extent permitted by applicable law) each 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. 

SECTION 4.06 SEC Reports. 
 (a) Whether or not required by the SEC’s rules and regulations, so long as any Securities of any Series are outstanding, the Company will furnish to the Holders of such Securities, cause the Trustee
with respect to such Securities to furnish to the Holders of such Securities, or file electronically with the SEC through the SEC’s Electronic Data Gathering, Analysis and Retrieval System (or any successor system), within the time periods
(including any extensions thereof) specified in the SEC’s rules and regulations: 
 (1) all quarterly and annual financial
information that would be required to be contained in a filing with the SEC on Forms 10-Q and 10-K (or any successor forms) if the Company were required to file these Forms, including a “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and, with respect to the annual information only, a report on the annual financial statements by the Company’s independent accountants; and 

(2) all current reports that would be required to be filed with the SEC on Form 8-K (or any successor form) if the Company were required
to file these reports. 
 (b) In addition, whether or not required by the SEC’s rules and regulations, the Company will
file a copy of all of the information and reports referred to in clauses (a)(1) and (a)(2) above with the SEC for public availability within the time periods applicable to the Company under Section 13(a) or 15(d) of the Exchange Act (unless the
SEC will not accept the filing, in which case the Company shall make the information available to securities analysts and prospective investors upon request). The Company also shall comply with the other provisions of Trust Indenture Act §
314(a). 

  
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 (c) The Company shall be deemed to have furnished such reports to the Trustee and the
Holders of the Notes if it has filed such reports with the Commission using the EDGAR filing system and such reports are publicly available. 
 (d) Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information
contained therein or determinable from information contained therein, including the Company’s and the Guarantor’s compliance with any of their covenants hereunder (as to which the Trustee is entitled to rely on Officers’
Certificates). The Trustee shall have no responsibility to review such reports, information or documents. 
 SECTION 4.07
Additional Amounts. 
 If any Securities of a Series provide for the payment of Additional Amounts, the Company will pay
to the Holder of any Security of such Series or any coupon appertaining thereto Additional Amounts as may be specified as contemplated by Section 2.02. 
 The obligations of the Company under this Section shall survive any termination, defeasance or discharge of the Indenture or applicable Security. 

SECTION 4.08 Calculation of Original Issue Discount. 

The Company shall provide to the Trustee on a timely basis such information as the Trustee requires to enable the Trustee to prepare and
file any form required to be submitted by the Company with the Internal Revenue Service and the Holders of Securities of any Series relating to original issue discount, including, without limitation, Form 1099-OID or any successor form. 

ARTICLE FIVE 

SUCCESSOR CORPORATION 
 SECTION 5.01 Merger, Consolidation, or Sale of Assets. 
 (a) The
Company will not, directly or indirectly, in a single transaction or a series of related transactions, (1) consolidate or merge with or into any other Person (other than a merger with an Affiliate of the Company solely for the purpose of
changing the Company’s jurisdiction of incorporation to another State of the United States or forming a direct holding company of the Company) or sell, lease, transfer, convey or otherwise dispose of or assign all or substantially all of the
assets of the Company or the Company and its Subsidiaries (taken as a whole) to any other Person or (2) effect a Plan of Liquidation, unless, in either case: 
 (1) either: 
 (i) the Company will be the surviving or continuing
corporation; or 

  
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 (ii) the Person formed by or surviving such consolidation or merger (if not
the Company) or to which such sale, lease, conveyance or other disposition shall be made (or, in the case of a Plan of Liquidation, any Person to which assets are transferred) (collectively, the “Successor”) is a corporation organized and
existing under the laws of the Cayman Islands and any State of the United States of America or the District of Columbia, and the Successor expressly assumes, by a supplemental indenture hereto in form and substance satisfactory to the Trustee, all
of the Obligations of the Company under the Securities and this Indenture; and 
 (2) immediately after giving effect to such
transaction and the assumption of the obligations as set forth in clause (a)(1) above, if applicable, and the incurrence of any Indebtedness to be incurred in connection therewith, no Default shall have occurred and be continuing. 

(b) For purposes of the foregoing, the sale, lease, transfer, conveyance or other disposition or assignment of all or substantially all
of the assets of one or more of the Company’s Subsidiaries, the Equity Interests of which constitute all or substantially all of the assets of the Company, will be deemed to be the transfer of all or substantially all of the assets of the
Company. 
 (c) Upon any consolidation, combination or merger of the Company, or any sale, lease, transfer, conveyance or other
disposition or assignment of all or substantially all of the assets of the Company in accordance with the foregoing, in which the Company is not the continuing obligor under the Securities and this Indenture, the surviving entity formed by such
consolidation or into which the Company is merged or the entity to which the sale, lease, transfer, conveyance, or other disposition or assignment is made will succeed to, and be substituted for, and may exercise every right and power of, the
Company under the Securities and this Indenture with the same effect as if such surviving entity had been named therein as the Company, and, except in the case of such a lease, the Company will be released from its Obligations under the Securities
and this Indenture. 
 (d) This Section 5.01 shall not apply to (i) any sale, lease, transfer, conveyance or other
disposition or assignment of assets between or among (A) the Company and any of its Subsidiaries or (B) two or more Subsidiaries of the Company, or (ii) any merger or consolidation between the Company and any of its Subsidiaries or
between any two Subsidiaries of the Company. 
 ARTICLE SIX 

DEFAULT AND REMEDIES 
 SECTION 6.01 Events of Default. 
 “Event of Default,”
wherever used herein with respect to Securities of any Series, means any one of the following events, unless in the establishing Board Resolution, supplemental indenture or Officers’ Certificate, it is provided that such Series shall not have
the benefit of said Event of Default: 

  
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 (1) failure by the Company to pay interest on or any Additional Amounts payable in respect
of any of Security of that Series or any coupon appertaining thereto when such interest, Additional Amounts or coupon become due and payable and the continuance of any such failure for thirty (30) consecutive days; 

(2) failure by the Company to pay the principal of (or premium, if any, on) any Security of that Series when it becomes due and payable,
whether at Stated Maturity, upon redemption, upon purchase, upon acceleration or otherwise; 
 (3) failure to deposit any sinking
fund payment, when and as due in respect of any Security of that Series; 
 (4) failure by the Company to comply with any other
agreement or covenant in this Indenture that are applicable to the Securities of a Series and the continuance of any such failure for sixty (60) consecutive days after the Company’s receipt of written notice of such failure to the Company
by the Trustee or the Company’s receipt of written notice of such failure to the Company and the Trustee by the Holders of not less than twenty-five percent (25%) of the aggregate principal amount of the Securities of that Series then
outstanding; 
 (5) the Company pursuant to or within the meaning of any Bankruptcy Law: 

(i) commences a voluntary case, 
 (ii) consents to the entry of an order for relief against it in an involuntary case, 
 (iii) consents to the appointment of a Custodian of it or for all or substantially all of its assets, 
 (iv) makes a general assignment for the benefit of its creditors, or 
 (6) a court
of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (i) is for relief against
the Company as debtor in an involuntary case, 
 (ii) appoints a Custodian of the Company or for all or
substantially all of its assets, or 
 (iii) orders the liquidation of the Company, and the order or decree
remains unstayed and in effect for ninety (90) days; or 
 (7) any other Event of Default provided with respect to
Securities of that Series, which is specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate. 

  
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 SECTION 6.02 Acceleration. 

If an Event of Default specified in Section 6.01(5) or Section 6.01(6) with respect to the Company occurs, all outstanding
Securities shall become immediately due and payable without any further action or notice. If an Event of Default (other than an Event of Default specified in Section 6.01(5) or Section 6.01(6) with respect to the Company) shall have
occurred and be continuing under this Indenture and the Securities of any Series, the Trustee, by notice to the Company, or the Holders of not less than twenty-five percent (25%) in aggregate principal amount of the Securities of such Series
then outstanding by notice to the Company and the Trustee, may declare all amounts owing under such Securities of such Series to be due and payable immediately. Upon such acceleration or declaration of acceleration, the aggregate principal (or, if
any Securities of that Series are Discount Securities, such portion of the principal as may be specified in the terms of such Securities) of and accrued and unpaid interest on the outstanding Securities of such Series shall immediately become due
and payable; provided, however, that after such acceleration or declaration of acceleration, but before a judgment or decree based on acceleration or declaration of acceleration, the Holders of a majority in aggregate principal amount of such
outstanding Securities of such Series may rescind and annul such acceleration or declaration of acceleration: 
 (1) if the
rescission would not conflict with any judgment or decree; 
 (2) if all existing Defaults have been cured or waived (except
nonpayment of principal and interest that has become due solely because of this acceleration); 
 (3) to the extent the payment
of such interest is lawful, interest on overdue installments of interest on and any Additional Amounts with respect to all outstanding Securities of that Series and any related coupons has been paid, and all and overdue principal (and premium, if
any), which has become due (otherwise than by such declaration of acceleration), has been paid; 
 (4) if the Company has paid to
the Trustee its reasonable compensation and reimbursed the Trustee of its expenses, disbursements and advances; and 
 (5) in the
event of a cure or waiver of a Default of the type set forth in Section 6.01(5) or Section 6.01(6), the Trustee shall have received an Officers’ Certificate and an Opinion of Counsel that such Default has been cured or waived.

 No such rescission shall affect any subsequent Default or impair any right consequent thereto. 

SECTION 6.03 Other Remedies. 
 If a Default with respect to Securities of any Series at the time outstanding occurs and is continuing, the Trustee may pursue any available remedy by proceeding at law or in equity to collect the payment
of principal of, or interest on, such Securities or to enforce the performance of any provision of such Securities or this Indenture. 

  
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 The Trustee for such Securities may maintain a proceeding even if it does not possess any of
such Securities or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of Securities in exercising any right or remedy accruing upon a Default shall not impair the right or remedy or constitute a waiver
of or acquiescence in the Default. No remedy is exclusive of any other remedy. All remedies are cumulative to the extent permitted by law. 
 SECTION 6.04 Waiver of Past Defaults. 
 Holders of at least a majority
in aggregate principal amount of the then outstanding Securities of any Series (which may include consents obtained in connection with a tender offer or exchange offer of such Securities), by notice to the Trustee for such Securities, may, on behalf
of all of the Holders of such Securities, waive an existing Default with respect to such Securities and its consequences, except a Default in the payment of principal or interest on such Securities; provided, however, that the Holders of a
majority in aggregate principal amount of the then outstanding Securities of any Series may, on behalf of all of the Holders of such Securities, rescind an acceleration of such Securities and its consequences, including any related payment Default
that resulted from such acceleration. When a Default is waived, it is cured and ceases. 
 SECTION 6.05 Control by
Majority. 
 (a) The Holders of a majority in aggregate principal amount of the outstanding Securities of any Series may
direct the time, method and place of conducting any proceeding for any remedy available to the Trustee of such Series or exercising any trust or power conferred on it with respect to such Series. Subject to Section 7.01, however, the Trustee
may refuse to follow any direction that conflicts with any law or this Indenture, that the Trustee determines may be unduly prejudicial to the rights of another Holder, or that may involve the Trustee in personal liability; provided, however,
that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. 
 (b) In
the event the Trustee takes any action or follows any direction pursuant to this Indenture, the Trustee shall be entitled to indemnification by the Holders satisfactory to the Trustee in its sole discretion against all losses and expenses caused by
taking such action or following such direction. 
 SECTION 6.06 Limitation on Suits. 

(a) Subject to Section 6.07, no Holder of any Securities of any Series will have any right to institute any proceeding with respect
to this Indenture or such Securities for any remedy thereunder, unless the Trustee for such Securities: 
 (1) has failed to act
for a period of sixty (60) consecutive days after receiving notice of a continuing Event of Default from such Holder and a request to act by Holders of at least twenty-five percent (25%) in aggregate principal amount of the outstanding
Securities of such Series; 
 (2) has been offered indemnity satisfactory to it in its reasonable judgment; and 

  
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 (3)has not received from the Holders of a majority in aggregate principal amount of the
outstanding Securities of such Series a direction inconsistent with such request. 
 (b) A Holder of any Securities of any
Series may not use this Indenture to prejudice the rights of another Holder of such Securities of such Series or to obtain a preference or priority over another Holder of Securities of such Series. 

SECTION 6.07 Rights of Holders to Receive Payment. 
 Notwithstanding any other provision of this Indenture, the right of any Holder of any Securities of any Series to receive payment of principal of (and premium, if any), and interest on, and any Additional
Amounts in respect of, such Securities, on or after the respective due dates expressed in such Securities (including, if applicable, in connection with an offer to purchase or redeem), or to bring suit for the enforcement of any such payment on or
after such respective dates, shall not be impaired or affected without the consent of such Holder. 
 SECTION 6.08
Collection Suit by Trustee. 
 If a Default specified in Section 6.01(1), 6.01(2) or 6.01(3) with respect to
Securities of any Series occurs and is continuing, the Trustee for such Securities may recover judgment in its own name and as trustee of an express trust against the Company or any other obligor on such Securities for the whole amount of principal
(and premium, if any) and accrued interest and any Additional Amounts, and fees remaining unpaid, together with interest on overdue principal (and premium, if any) and, to the extent that payment of such interest is lawful, interest on overdue
installments of interest and any Additional Amounts, in each case at the rate per annum borne by such Securities and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation,
expenses, disbursements and advances of such Trustee, its agents and counsel. 
 SECTION 6.09 Trustee May File Proofs of
Claim. 
 The Trustee for each Series of Securities may file such proofs of claim and other papers or documents as may be
necessary or advisable in order to have the claims of such Trustee (including any claim for the compensation, expenses, disbursements and advances of such Trustee, its agents and counsel) and the Holders of the Securities for which it acts as
trustee allowed in any judicial proceedings relating to the Company (or any other obligor upon such Securities), its creditors or its property and shall be entitled and empowered to collect, receive and distribute any monies or other property
payable or deliverable on any such claims, and any Custodian in any such judicial proceeding is hereby authorized by each Holder of such Securities to make such payments to such Trustee and, in the event that such Trustee shall consent to the making
of such payments directly to such Holders, to pay to such Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of such Trustee, its agents and counsel, and any other amounts due such Trustee under this
Indenture. Nothing herein contained shall be deemed to authorize such Trustee to authorize or consent to or accept or adopt on behalf of any Holder for which it acts as trustee any plan of reorganization, arrangement, adjustment or composition
affecting the Securities or the rights of such Holder, or to authorize such Trustee to vote in respect of the claim of any such Holder in any such proceeding. The Trustee shall be entitled to participate as a member of any official committee of
creditors in the matters as it deems necessary or advisable. 

  
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 SECTION 6.10 Priorities. 

If the Trustee for any Series of Securities collects any money or property pursuant to this Article Six, it shall pay out the money or
property in the following order: 
 First: to the Trustee, its agents and attorneys for amounts due under this Indenture,
including payment of all reasonable compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 
 Second: to Holders of such Securities and coupons for interest accrued and any Additional Amounts payable on such Securities, ratably, without preference or priority of any kind, according to the amounts
due and payable on such Securities for interest and Additional Amounts; and 
 Third: to Holders of such Securities for principal
amounts (and premium, if any) due and unpaid on such Securities, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal; and 

Fourth: to the Company or, if applicable, any guarantors with respect to such Securities, as their interests may appear, or to such other
Person or Persons as a court of competent jurisdiction shall direct. 
 The Trustee, upon prior notice to the Company, may fix a
record date and payment date for any payment to Holders of Securities pursuant to this Section 6.10. 
 SECTION 6.11
Undertaking for Costs. 
 In any suit for the enforcement of any right or remedy under this Indenture or in any suit
against any Trustee for any action taken or omitted by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess
reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not
apply to a suit by the Trustee, a suit by a Holder of a Security pursuant to Section 6.07 hereof, or a suit by Holders of more than 10% in aggregate principal amount of the then outstanding Securities of any Series. 

ARTICLE SEVEN 

TRUSTEE 

SECTION 7.01 Duties of Trustee. 
 (a) If a Default has occurred and is continuing, the Trustee shall 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 his or her own affairs. 

  
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 (b) Except during the continuance of a Default: 

(1) The Trustee need perform only those duties as are specifically set forth herein or in the Trust Indenture Act, and no duties,
covenants, responsibilities or obligations shall be implied in this Indenture against the Trustee. 
 (2) In the absence of bad
faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates (including Officers’ Certificates) or opinions (including Opinions of Counsel)
furnished to the Trustee and conforming to the requirements of this Indenture. However, in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall
examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture. 
 (c)
Notwithstanding anything to the contrary herein, the Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(1) This paragraph does not limit the effect of Section 7.01(b). 

(2) The Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the
Trustee was negligent in ascertaining the pertinent facts. 
 (3) The Trustee shall not be liable with respect to any action it
takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05. 
 (d) No
provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or to take or omit to take any action under this Indenture or take any
action at the request or direction of Holders if it shall have reasonable grounds for believing that repayment of such funds is not assured to it. 
 (e) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to this Section 7.01. 

(f) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Company.
Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 
 (g) The
Trustee shall not be responsible for the use or application by the Company of Securities or proceeds thereof. 

  
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 SECTION 7.02 Rights of Trustee. 

Subject to Section 7.01: 
 (a) The Trustee may rely conclusively on any resolution, certificate (including any Officers’ Certificate), statement, instrument, opinion (including any Opinion of Counsel), 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 Person. The Trustee need not investigate any fact or matter stated in such document. 

(b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate and an Opinion of Counsel, which shall
conform to the provisions of Section 10.05. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or Opinion of Counsel. 

(c) The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent (other
than an agent who is an employee of the Trustee) appointed with due care. 
 (d) The Trustee shall not be liable for any action
it takes or omits to take in good faith which it believes in good faith to be authorized or within its rights or powers under this Indenture. 
 (e) The Trustee may consult with counsel of its selection and the advice or opinion of such counsel as to matters of law shall be full and complete authorization and protection from liability in respect
of any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such counsel. 
 (f) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of any of the Holders pursuant to the provisions of
this Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity satisfactory to it against the costs, expenses and liabilities which may be incurred therein or thereby. 

(g) The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate (including
any Officers’ Certificate), statement, instrument, opinion (including any Opinion of Counsel), notice, request, direction, consent, order, bond, debenture, or other paper or document, but the Trustee, in its discretion, may make such further
inquiry or investigation into such facts or matters as it may see fit and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled, upon reasonable notice to the Company, to examine the books, records, and
premises of the Company, personally or by agent or attorney at the sole cost of the Company. 
 (h) The Trustee shall not be
required to give any bond or surety in respect of the performance of its powers and duties hereunder. 
 (i) The permissive
rights of the Trustee to do things enumerated in this Indenture shall not be construed as duties. 

  
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 (j) Except with respect to Section 4.01 and Section 4.04, the Trustee shall have
no duty to inquire as to the performance of the Company with respect to the covenants contained in Article Four. In addition, the Trustee shall not be deemed to have knowledge of any Default except (i) any Default occurring pursuant to
Section 4.01, Section 4.04, Section 6.01(1), Section 6.01(2) or Section 6.01(3) or (ii) any Default of which a Responsible Officer shall have received written notification. 

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

SECTION 7.03 Individual Rights of Trustee. 
 The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or an Affiliate of the Company with the same rights it would have
if it were not Trustee. Any Agent may do the same with like rights. However, the Trustee must comply with Sections 7.10 and 7.11. 
 SECTION 7.04 Trustee’s Disclaimer. 
 The Trustee shall not be
responsible for and makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the Company’s use of the proceeds from the Securities, and it shall not be responsible for any
statement in the Securities other than its authentication. 
 SECTION 7.05 Notice of Default. 

If a Default occurs and is continuing with respect to the Securities of any Series and the Trustee receives written notice of such
Default, the Trustee shall send to each Holder of the Securities of that Series and, if any Bearer Securities are outstanding, publish on one occasion in an Authorized Newspaper, notice of a Default within thirty (30) days after it occurs.
Except in the case of a Default in payment of principal of or interest on any Security of any Series, the Trustee may withhold the notice if and so long as the Board of Directors, the executive committee, or a trust committee of directors and/or
Responsible Officers, of the Trustee in good faith determines that withholding the notice is in the interests of Holders of that Series. 
 SECTION 7.06 Reports by Trustee to Holders. 
 The Trustee shall
transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto. 

A copy of each report at the time of its mailing to Holders of any Series shall be filed with the SEC and each stock exchange on which
the Securities of that Series are listed. 
 The Company shall notify the Trustee if the Securities of any Series become listed
on any securities exchange or of any delisting thereof. 

  
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 SECTION 7.07 Compensation and Indemnity. 

The Company shall pay to the Trustee from time to time such compensation as the Company and the Trustee shall from time to time agree in
writing for its services hereunder. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable disbursements, expenses and
advances (including reasonable fees and expenses of counsel) incurred or made by it in addition to the compensation for its services, except any such disbursements, expenses and advances as may be attributable to the Trustee’s negligence, bad
faith or willful misconduct. Such expenses shall include the reasonable fees and expenses of the Trustee’s agents and counsel. 
 The Company shall indemnify each of the Trustee or any predecessor Trustee and its agents for, and hold them harmless against, any and all loss, damage, claims (including taxes (other than taxes based
upon, measured by or determined by the income of the Trustee)), liability or expense incurred by them arising out of or in connection with the acceptance or administration of this trust (including the reasonable costs and expenses of defending
themselves against or investigating any claim or liability in connection with the exercise or performance of any of the Trustee’s rights, powers or duties hereunder), except in each of the foregoing cases to the extent caused by any negligence,
bad faith or willful misconduct on their part. The Trustee shall notify the Company promptly of any claim asserted against the Trustee or any of its agents for which it may seek indemnity. The Company may, subject to the approval of the Trustee
(which approval shall not be unreasonably withheld), defend the claim and the Trustee shall cooperate in the defense. The Trustee and its agents subject to the claim may have separate counsel and the Company shall pay the reasonable fees and
expenses of such counsel; provided, however, that the Company will not be required to pay such fees and expenses if, subject to the approval of the Trustee (which approval shall not be unreasonably withheld), it assumes the Trustee’s
defense and there is no conflict of interest between the Company and the Trustee and its agents subject to the claim in connection with such defense as reasonably determined by the Trustee. The Company need not pay for any settlement made without
its written consent. The Company need not reimburse any expense or indemnify against any loss or liability to the extent incurred by the Trustee through its negligence, bad faith or willful misconduct. 

When the Trustee incurs expenses or renders services after a Default specified in Section 6.01(5) or Section 6.01(6) occurs,
such expenses and the compensation for such services shall be paid to the extent allowed under any Bankruptcy Law. 

Notwithstanding any other provision in this Indenture, the foregoing provisions of this Section 7.07 shall survive the satisfaction
and discharge of this Indenture or the appointment of a successor Trustee. 
 SECTION 7.08 Replacement of Trustee.

 The Trustee may resign with respect to the Securities of one or more Series by so notifying the Company at least thirty
(30) days prior to the date of the proposed resignation. The Holders of a majority in principal amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the Company and the Trustee and may
appoint a successor Trustee. The Company may remove the Trustee with respect to Securities of one or more Series if: 

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

(2) the Trustee is adjudged a bankrupt or an insolvent; 
 (3) a receiver or other public officer takes charge of the Trustee or its property; or 
 (4) the Trustee becomes incapable of acting. 
 If the Trustee retires, whether by
resignation or removal, or if a vacancy exists in the office of Trustee for any reason, the Company shall notify each Holder of such event and shall promptly appoint a successor Trustee. Within one (1) year after the successor Trustee takes
office, the Holders of a majority in principal amount of the then outstanding Securities may appoint a successor Trustee to replace the successor Trustee appointed by the Company. 

A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Immediately after
that, after payment of all sums then owing to the Trustee pursuant to Section 7.07, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee, the resignation or removal of the retiring Trustee shall become
effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee with respect to each Series of Securities for which it is acting as Trustee under this Indenture. A successor Trustee shall send notice of its
succession to each Holder of each such Series and, if any Bearer Securities are outstanding, publish such notice on one occasion in an Authorized Newspaper. 
 If a successor Trustee with respect to the Securities of any one or more Series does not take office within sixty (60) days after the retiring Trustee resigns or is removed, the retiring Trustee, the
Company or the Holders of at least ten percent (10%) in principal amount of the Securities of the applicable Series may petition any court of competent jurisdiction for the appointment of a successor Trustee at the expense of the Company.

 If the Trustee fails to comply with Section 7.10, any Holder may petition any court of competent jurisdiction for the
removal of the Trustee and the appointment of a successor Trustee. 
 Notwithstanding the appointment of a successor Trustee
pursuant to this Section 7.08, the Company’s obligations under Section 7.07 shall continue for the benefit of the retiring Trustee. 
 SECTION 7.09 Successor Trustee by Merger, Etc. 
 If the Trustee
consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another corporation, the resulting, surviving or transferee corporation without any further act shall, if such resulting, surviving
or transferee corporation is otherwise eligible hereunder, be the successor Trustee; provided, however, that such corporation shall be otherwise qualified and eligible under this Article Seven. 

  
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 SECTION 7.10 Eligibility; Disqualification. 

The Trustee shall at all times satisfy the requirements of Trust Indenture Act §§ 310(a)(1), 310(a)(2) and 310(a)(5). The
Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with Trust Indenture Act § 310(b); provided, however, that there
shall be excluded from the operation of Trust Indenture Act § 310(b)(1) any indenture or indentures under which other securities, or certificates of interest or participation in other securities, of the Company are outstanding, if the
requirements for such exclusion set forth in Trust Indenture Act § 310(b)(1) are met. The provisions of Trust Indenture Act § 310 shall apply to the Company and any other obligor of the Securities. 

SECTION 7.11 Preferential Collection of Claims Against the Company. 

The Trustee, in its capacity as Trustee hereunder, shall comply with Trust Indenture Act § 311(a), excluding any creditor
relationship listed in Trust Indenture Act § 311(b). A Trustee who has resigned or been removed shall be subject to Trust Indenture Act § 311(a) to the extent indicated. 

ARTICLE EIGHT 

DISCHARGE OF INDENTURE; DEFEASANCE 
 SECTION 8.01 Termination of the Company’s Obligations. 
 Except
as otherwise provided in the last paragraph of this Section 8.01, this Indenture will be discharged and will cease to be of further effect as to a Series of Securities issued hereunder, when either: 

(a) all such Securities and coupons that have been authenticated (except lost, stolen or destroyed Securities or coupons that have been
replaced or paid and Securities and coupons for whose payment money has been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from this trust), have been delivered to the Trustee
for cancellation, or 
 (b) (1) all such Securities and coupons that have not been delivered to the Trustee for cancellation
have become due and payable by reason of the mailing of a notice of redemption or otherwise or will become due and payable within one year and the Company has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust
solely for the benefit of the Holders of such Securities cash in Dollars or U.S. Government Obligations, or a combination thereof, in amounts sufficient (without reinvestment) to pay and discharge the entire Indebtedness (including all principal
(and premium, if any) and accrued interest and Additional Amounts) on such Securities not theretofore delivered to the Trustee for cancellation to the date of maturity or redemption; 

(2) the Company or any guarantor of such Securities and coupons has paid or caused to be paid all other sums payable by the Company under
this Indenture; and 

  
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 (3) the Company has delivered irrevocable instructions to the Trustee for such Securities
under this Indenture to apply the deposited money toward the payment of such Securities at maturity or on the date of redemption, as the case may be. 
 In addition, the Company must deliver an Officers’ Certificate and an Opinion of Counsel to the Trustee for such Securities stating that all conditions precedent to satisfaction and discharge have
been complied with. 
 In the case of clause (b) of this Section 8.01, and subject to the next sentence and
notwithstanding the foregoing paragraph, the Company’s obligations in Sections 2.06, 2.07, 2.08, 2.09, 4.01, 4.02, 4.03 (as to legal existence of the Company only), 7.07, 8.05 and 8.06 shall survive until such Securities are no longer
outstanding pursuant to the last paragraph of Section 2.09. In addition, nothing in this Section 8.01 shall be deemed to discharge the obligations in Section 7.07, 8.04(a), 8.05 or 8.06, all of which shall survive the satisfaction and
discharge of this Indenture. 
 After such delivery or irrevocable deposit, the Trustee upon request by the Company shall
acknowledge in writing the discharge of the Company’s obligations under such Securities and coupons and this Indenture except for the surviving obligations specified above. 

SECTION 8.02 Legal Defeasance and Covenant Defeasance. 

(a) The Company may at any time, at the option of its Board of Directors evidenced by a resolution set forth in an Officers’
Certificate, elect to have either Section 8.02(b) or 8.02(c) applied to all outstanding Securities and any coupons appertaining thereto of any Series upon compliance with the conditions set forth below in this Article Eight. 

(b) Upon the Company’s exercise under Section 8.02(a) of the option applicable to this Section 8.02(b), the Company and
each guarantor, if any, of such Securities and any coupons appertaining thereto will, subject to the satisfaction of the conditions set forth in Section 8.03, be deemed to have been discharged from its or their obligations with respect to all
outstanding Securities of such Series and any coupons appertaining thereto (including the related guarantees, if any) on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose,
Legal Defeasance means that the Company and such guarantors, if any, will be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Securities of such Series and any coupons appertaining thereto (including the
related guarantees, if any), which will thereafter be deemed to be “outstanding” only for the purposes of Section 8.04 and the other Sections of this Indenture referred to in clauses (1) and (2) below, and to have satisfied
all its or their other obligations under such Securities and any coupons appertaining thereto, such guarantees, if any, and this Indenture (and the Trustee for such Securities, on demand of and at the expense of the Company, shall execute proper
instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: 
 (1) the rights of Holders of outstanding Securities of such Series and any coupons appertaining thereto to receive, solely from the trust fund described in Section 8.04, and as more fully set forth
in Section 8.04, payments in respect of the principal of (and premium, if any) or interest, if any, on, such Securities and any coupons appertaining thereto when such payments are due; 

  
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 (2) the Company’s obligations with respect to such Securities under Article Two and
Section 4.02 hereof; and with respect to the payment of Additional Amounts, if any, on such Securities; 
 (3) the rights,
powers, trusts, duties and immunities of the Trustee for such Securities hereunder and the Company’s and the guarantors’, if any, obligations in connection therewith; and 

(4) the provisions of this Article Eight applicable to Legal Defeasance (including Sections 8.04, 8.05 and 8.06). 

Subject to compliance with this Article Eight, the Company may exercise its option under this Section 8.02(b) notwithstanding the
prior exercise of its option under Section 8.02(c) hereof. 
 (c) Upon the Company’s exercise under
Section 8.02(a) hereof of the option applicable to this Section 8.02(c), the Company and each of the guarantors, if any, will, subject to the satisfaction of the conditions set forth in Section 8.03 hereof, be released from each of
their or its obligations under the covenants specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, in accordance with Section 2.02(v), with respect to the outstanding Securities of the applicable
Series and any coupons appertaining thereto on and after the date the conditions set forth in Section 8.03 hereof are satisfied (hereinafter, “ Covenant Defeasance “), and such Securities and any coupons appertaining thereto shall
thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders of such Securities and any coupons appertaining thereto (and the consequences of any thereof) in connection with
such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Securities and any coupons appertaining thereto shall not be deemed outstanding for accounting purposes). For
this purpose, Covenant Defeasance means that, with respect to the outstanding Securities of such Series and any coupons appertaining thereto, the Company may omit to comply with and shall have no obligation or liability in respect of any term,
condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other
document and such omission to comply shall not constitute a Default under Section 6.01, but, except as specified above, the remainder of this Indenture and such Securities and any coupons appertaining thereto will be unaffected thereby. In
addition, upon the Company’s exercise under Section 8.02(a) of the option applicable to this Section 8.02(c), subject to the satisfaction of the conditions set forth in Section 8.03, clause (4) of Section 6.01 shall not
constitute an Event of Default. 
 SECTION 8.03 Conditions to Legal Defeasance or Covenant Defeasance. 

In order to exercise either Legal Defeasance under Section 8.02(b) or Covenant Defeasance under Section 8.02(c) with respect to
Securities of any Series: 

  
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 (1) the Company must irrevocably deposit with the Trustee for such Securities, in trust, for
the benefit of the Holders of such Securities and any coupons appertaining thereto, money or U.S. Government Obligations or a combination thereof, in such amounts as will be sufficient (without reinvestment), in the opinion of a nationally
recognized firm of independent public accountants selected by the Company, to pay the principal of (and premium, if any) and interest, if any, on, and any mandatory sinking fund payments in respect of, the outstanding Securities of such Series and
any coupons appertaining thereto on the stated date for payment thereof or on the applicable redemption date, as the case may be, and the Company must specify whether such Securities and any coupons appertaining thereto are being defeased to such
stated date for payment or to a particular redemption date; 
 (2) in the case of Legal Defeasance, the Company shall have
delivered to the Trustee for such Securities an Opinion of Counsel in the United States reasonably acceptable to the Trustee confirming that: 
 (i) the Company has received from, or there has been published by, the Internal Revenue Service, a ruling, or 
 (ii) since the date of this Indenture, there has been a change in the applicable U.S. federal income tax law, 
 in either case to the effect that, and based thereon, the Holders of the outstanding Securities of such Series and any coupons appertaining thereto will not recognize income, gain or loss for U.S. federal
income tax purposes as a result of such Legal Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

(3) in the case of Covenant Defeasance, the Company shall have delivered to the Trustee for such Securities and any coupons appertaining
thereto an Opinion of Counsel in the United States reasonably acceptable to the Trustee confirming that the Holders of such Securities and any coupons appertaining thereto will not recognize income, gain or loss for U.S. federal income tax purposes
as a result of such Covenant Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4) such deposit shall not result in a breach or violation of, or constitute a default under this Indenture (other than a Default
resulting from the borrowing of funds to be applied to such deposit); 
 (5) the Legal Defeasance or Covenant Defeasance shall
not result in a breach or violation of, or constitute a default under, any material agreement or instrument to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound (other than any such
default resulting solely from the borrowing of funds to be applied to such deposit and the grant of any Lien on such deposit in favor of the Trustee and/or the Holders); 

  
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 (6) the Company shall have delivered to the Trustee for such Securities an Officers’
Certificate stating that the deposit was not made by the Company with the intent of preferring the Holders of such Securities and any coupons appertaining thereto over any other creditors of the Company or with the intent of defeating, hindering,
delaying or defrauding any other of its creditors; and 
 (7) the Company shall have delivered to the Trustee for such Securities
an Officers’ Certificate and an Opinion of Counsel, stating, in the case of the Officers’ Certificate, clauses (1) through (6) of this Section 8.03, as applicable, have been complied with and stating, in the case of the
Opinion of Counsel, that the conditions provided for in clause (2) or (3), as applicable, and clause (5) of this Section 8.03 have been complied with. 
 SECTION 8.04 Application of Trust Money. 
 (a) The Trustee or Paying
Agent shall hold in trust all money and U.S. Government Obligations (including the proceeds thereof) deposited with it pursuant to this Article Eight in respect of the outstanding Securities of any Series and any coupons appertaining thereto, and
shall apply the deposited money and U.S. Government Obligations (including any proceeds thereof) in accordance with this Indenture to the payment of the principal of and the interest on such Securities and any coupons appertaining thereto. The
Trustee shall be under no obligation to invest said money and U.S. Government Obligations (including any proceeds thereof), except as it may agree with the Company. 
 (b) The Company will pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the money or U.S. Government Obligations (including any proceeds thereof) deposited
pursuant to Section 8.03, or the principal and interest received in respect thereof, other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Securities of the applicable Series and any
coupons appertaining thereto. 
 (c) Anything in this Article Eight to the contrary notwithstanding, the Trustee shall promptly
deliver or pay to the Company from time to time upon the request of the Company any money or U.S. Government Obligations held by it as provided in Section 8.03 which, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 

SECTION 8.05 Repayment to the Company. 
 Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium, if any, or interest on, any Series of Securities and remaining
unclaimed for two years after such principal, premium, if any, or interest has become due and payable shall be paid to the Company on its request or (if then held by the Company) will be discharged from such trust; and the Holders of such Securities
and any coupons appertaining thereto will thereafter be permitted to look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee
thereof, will thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in the New York Times and The Wall Street
Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be less than thirty (30) days from the date of such notification or publication, any unclaimed balance of such money
then remaining will be repaid to the Company. 

  
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 SECTION 8.06 Reinstatement. 

If the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations in accordance with this Article Eight or by
reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s and any applicable guarantors’ Obligations under this Indenture and the applicable
Securities and the guarantees shall be revived and reinstated as though no deposit had occurred pursuant to this Article Eight until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with this Article Eight;
provided, however, that if the Company has made any payment of principal of, premium, if any, or interest on any such Securities following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of
such Securities to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying Agent. 

ARTICLE NINE 

AMENDMENTS, SUPPLEMENTS AND WAIVERS 
 SECTION 9.01 Without Consent of Holders. 
 Subject to
Section 9.02 of this Indenture, the Company and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without the consent of any Holder: 

(1) to cure any ambiguity, defect or inconsistency; 
 (2) to provide for uncertificated Securities in addition to or in place of certificated Securities; 
 (3) to provide for the assumption of the Company’s or a guarantor’s obligations to the Holders of the Securities in the case of a merger, consolidation or sale of all or substantially all of the
assets, in accordance with Article Five; 
 (4) to add guarantees with respect to the Securities of any Series; 

(5) to release any guarantor from its guarantee or any of its other obligations under this Indenture (to the extent permitted by this
Indenture); 
 (6) to make any change that would provide any additional rights or benefits to the Holders of Securities or that
does not adversely affect the legal rights hereunder of any Holder; 
 (7) to comply with requirements of the SEC in order to
effect or maintain the qualification of this Indenture under the Trust Indenture Act; 

  
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 (8) to provide for the issuance of and establish the form and terms and conditions of
Securities of any Series as permitted by this Indenture; or 
 (9) to evidence and provide for the acceptance of appointment
hereunder by a successor Trustee with respect to the Securities of one or more Series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by
more than one Trustee. 
 Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing the
execution of any such amended or supplemental indenture, and upon receipt by the Trustee of the documents described in Section 7.02(b), the Trustee will join with the Company in the execution of any amended or supplemental indenture authorized
or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee will not be obligated to enter into such amended or supplemental indenture that affects its
own rights, duties or immunities under this Indenture or otherwise. 
 SECTION 9.02 With Consent of Holders.

 (a) The Company and the Trustee may enter into a supplemental indenture hereto with the written consent of the Holders of not
less than a majority in aggregate principal amount of the outstanding Securities of each Series affected by such supplemental indenture (including consents obtained in connection with a tender offer or exchange offer for the Securities of such
Series), for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture hereto or of modifying in any manner the rights of the Holders of each such
Series. Subject to Section 6.07, the Holders of a majority in aggregate principal amount of the outstanding Securities of each Series by notice to the Trustee (including waivers obtained in connection with a tender offer or exchange offer for
the Securities of such Series) may waive compliance by the Company with any provision of this Indenture or the Securities with respect to such Series without notice to any other Holders. 

(b) Notwithstanding Section 9.02(a), without the consent of each Holder affected, no amendment or waiver may (with respect to any
Securities held by a non-consenting Holder): 
 (1) reduce the principal (or premium, if any) or change the Stated Maturity of
any Security or reduce the amount of, or postpone the date fixed for, the payment of any sinking fund or analogous obligation; 

(2) reduce the rate of or amount or interest on any Security or any Additional Amounts in respect thereof, or extend the time for payment
of any of the foregoing; 
 (3) reduce the principal amount of Discount Securities payable upon acceleration of the maturity
thereof; 
 (4) waive a redemption payment with respect to any Security or change any of the provisions with respect to the
redemption of any Securities, except as specifically set forth in the Board Resolution, supplemental indenture or Officers’ Certificate delivered pursuant to Section 2.02; 

  
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 (5) make the principal of or interest, if any, on any Security payable in money or currency
other than that stated in the Security; 
 (6) if the Securities of such Holder are entitled to the benefit of any guarantee,
release any guarantor of such Securities other than as provided in this Indenture or modify the guarantee in any manner adverse to such Holder; 
 (7) waive a Default in the payment of principal of or interest on any Security (except a rescission of acceleration of the Securities of any Series by the Holders of at least a majority in principal
amount of the outstanding Securities of such Series and a waiver of the payment Default that resulted from such acceleration); 

(8) change the amount of Securities whose Holders must consent to an amendment, supplement or waiver; or 

(9) make any change in Section 6.07, this Section 9.02(b), Section 10.14 or Section 10.15. 

(c) It shall not be necessary for the consent of the Holders of Securities under this Section 9.02 to approve the particular form of
any proposed amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 
 (d)
A consent to any amendment, supplement or waiver under this Indenture by any Holder given in connection with an exchange (in the case of an exchange offer) or a tender (in the case of a tender offer) of such Holder’s Securities will not be
rendered invalid by such tender or exchange. 
 (e) After an amendment, supplement or waiver under this Section 9.02
becomes effective, the Company shall send, or cause to be sent, to the Holders of Securities affected thereby and, if any Bearer Securities affected thereby are outstanding, publish on one occasion in an Authorized Newspaper, a notice briefly
describing the amendment, supplement or waiver. Any failure of the Company to mail or publish such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such amendment, supplement or waiver. 

SECTION 9.03 Compliance with the Trust Indenture Act. 

Every amendment to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture hereto that
complies with the Trust Indenture Act as then in effect. 
 SECTION 9.04 Revocation and Effect of Consents.

 Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Security is a continuing consent
by the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. However, any such Holder or
subsequent Holder may revoke the consent as to his Security or portion of a Security before the date on which the Trustee receives an Officers’ Certificate certifying that the Holders of the requisite Securities have consented (and not
theretofore revoked such consent) to the amendment, supplement or waiver. 

  
 44 

 The Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Holders entitled to consent to any amendment, supplement or waiver, which record date shall be at least thirty (30) days prior to the first solicitation of such consent. If a record date is fixed, then notwithstanding the last
sentence of the immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to revoke any consent previously given, whether or not such Persons
continue to be Holders after such record date. No such consent shall be valid or effective for more than ninety (90) days after such record date. The Company shall inform the Trustee in writing of the fixed record date if applicable.

 After an amendment, supplement or waiver becomes effective, it shall bind every Holder, unless it makes a change described in
Section 9.02(b), in which case, the amendment, supplement or waiver shall bind only each Holder of Securities who has consented to it and every subsequent Holder of a Securities or portion of Securities that evidences the same debt as the
consenting Holder’s Securities; provided, however, that no such amendment, supplement or waiver shall impair or affect the right of any Holder to receive payment of principal of (or premium, if any), and interest on and any Additional
Amounts in respect thereto, with respect to a Security and any coupons appertaining thereto, on or after the respective due dates therefor, or to bring suit for the enforcement of any such payment on or after such respective dates without the
consent of such Holder. 
 SECTION 9.05 Notation on or Exchange of Securities. 

If an amendment, supplement or waiver changes the terms of a Security, the Company may require the Holder of the Security to deliver it
to the Trustee. The Company shall provide the Trustee with an appropriate notation on the Security about the changed terms and cause the Trustee to return it to the Holder at the Company’s expense. Alternatively, if the Company or the Trustee
so determines, the Company in exchange for the Security shall issue, and the Trustee shall authenticate, a new Security that reflects the changed terms. Failure to make the appropriate notation or issue a new Security shall not affect the validity
and effect of such amendment, supplement or waiver. 
 SECTION 9.06 Trustee To Sign Amendments, Etc. 

The Trustee shall execute any amendment, supplement or waiver authorized pursuant to this Article Nine; provided, however, that
the Trustee may, but shall not be obligated to, execute any such amendment, supplement or waiver which affects the Trustee’s own rights, duties or immunities under this Indenture. The Trustee shall be entitled to receive, and shall be fully
protected in relying upon, an Opinion of Counsel and an Officers’ Certificate each stating that the execution of any amendment, supplement or waiver authorized pursuant to this Article Nine is authorized or permitted by this Indenture and
constitutes legal, valid and binding obligations of the Company enforceable in accordance with its terms, subject to customary exceptions. Such Opinion of Counsel shall be at the expense of the Company. 

  
 45 

 SECTION 9.07 Trustee Protected. 

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications
thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 7.01) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture
is authorized or permitted by this Indenture. The Trustee shall sign all supplemental indentures hereto, except that the Trustee need not sign any supplemental indenture that adversely affects its rights. 

ARTICLE TEN 

MISCELLANEOUS 

SECTION 10.01 Trust Indenture Act Controls. 
 If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required or deemed to be included in this Indenture by the Trust Indenture Act, such required or deemed
provision shall control. 
 SECTION 10.02 Notices. 

Any notices or other communications to the Company, any Subsidiary of the Company, or the Trustee required or permitted hereunder shall
be in writing, and shall be sufficiently given if made by hand delivery, by nationally recognized overnight courier service, by facsimile transmission or registered or certified mail, postage prepaid, return receipt requested, addressed as follows:

 if to the Company or any of its Subsidiaries: 
 Vantage Drilling Company 
 777 Post Oak Boulevard, ST 800 

Houston, Texas 77056 
 Telephone: (281) 404-4700 
 Facsimile: (281) 404-4749 

With a copy to (which copy alone shall not constitute notice): 
 Vantage Drilling Company 
 777 Post Oak Boulevard, ST 800 

Houston, Texas 77056 
 Telephone: (281) 404-4700 
 Facsimile: (281) 404-4749 

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

Fulbright & Jaworski L.L.P. 
 1301 McKinney Street, Suite 5100 
 Houston, Texas 77010 

  
 46 

 Attention: Josh Agrons 

Telephone: (713) 651-5529 
 Facsimile: (713) 651-5246 
 if to the Trustee: 

Wells Fargo Bank, National Association 
 750 N. St. Paul Place, Suite 1750 
 MAC 9263-170 

Dallas, Texas 75201 
 Attention: Corporate Trust Municipal and Escrow Services 
 Telephone:
(214) 756-7430 
 Facsimile: (214) 756-7401 
 Each of the Company (both for itself and any of its Subsidiaries) and the Trustee by written notice to each other such Person may designate additional or different addresses for notices to such Person.
Any notice or communication to the Company, any Subsidiary of the Company, and the Trustee shall be deemed to have been given or made as of the date so delivered if personally delivered; when replied to; when receipt is acknowledged, if sent by
facsimile transmission during normal business hours of the recipient, or, if not sent during normal business hours of the recipient, on the Business Day after the day receipt is acknowledged; five (5) calendar days after mailing if sent by
registered or certified mail, postage prepaid (except that a notice of change of address shall not be deemed to have been given until actually received by the addressee); one (1) Business Day after deposit with a nationally recognized overnight
courier service guaranteeing overnight delivery of such notice or communication. 
 Any notice or communication to a Holder
required or permitted hereunder shall be mailed to the Holder at the Holder’s address as it appears on the registration books of the Registrar and, if any Bearer Securities are outstanding, published in an Authorized Newspaper. 

Failure to mail a notice or communication to a Holder of Securities of any Series or any defect in it shall not affect its sufficiency
with respect to other Holders of that or any other Series. If a notice or communication is mailed or published in the manner provided above, within the time prescribed, it is duly given, whether or not the addressee receives it. 

If the Company sends a notice or communication to Holders, it shall send a copy to the Trustee and each Agent at the same time.

 SECTION 10.03 Communications by Holders with Other Holders. 

Holders of any Series may communicate pursuant to Trust Indenture Act § 312(b) with other Holders of that Series or any other Series
with respect to their rights under this Indenture or the Securities of that Series or any other Series. The Company, the Trustee, the Registrar and any other Person shall have the protection of Trust Indenture Act § 312(c). 

  
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 SECTION 10.04 Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the
Trustee, at the request of the Trustee: 
 (1) an Officers’ Certificate, in form and substance reasonably satisfactory to
the Trustee, stating that all conditions precedent, if any, to be performed or effected by the Company, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(2) an Opinion of Counsel, in form and substance reasonably satisfactory to the Trustee, stating that, in the opinion of such counsel, all
such conditions precedent, if any, have been complied with. 
 SECTION 10.05 Statements Required in Certificate or
Opinion. 
 Each certificate or opinion with respect to compliance with a condition or covenant provided for in this
Indenture (other than the Officers’ Certificate required by Section 4.04 or a certificate provided pursuant to Trust Indenture Act § 314(a)(4)) shall comply with the provisions of Trust Indenture Act § 314(e) and shall include:

 (1) a statement that the Person making such certificate or opinion has read such covenant or condition; 

(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 such Person, he has made such examination or
investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with or satisfied; and 
 (4) a statement as to whether or not, in the opinion of each such Person, such condition or covenant has been complied with; provided, however, that with respect to matters of fact, an Opinion of
Counsel may rely on an Officers’ Certificate or certificates of public officials. 
 SECTION 10.06 Rules by Trustee
and Agents. 
 The Trustee may make reasonable rules for action by or a meeting of Holders of one or more Series. Any Agent
may make reasonable rules and set reasonable requirements for its functions. 
 SECTION 10.07 Legal Holidays.

 If a payment date is not a Business Day, payment may be made on the next succeeding day that is a Business Day. 

  
 48 

 SECTION 10.08 Governing Laws; Submission to Jurisdiction. 

a) THIS INDENTURE, THE SECURITIES, AND ANY GUARANTEES HEREUNDER, WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK. 
 b) TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE PARTIES HERETO AGREE THAT ANY LITIGATION
BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS INDENTURE, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENT (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF THE TRUSTEE MAY BE BROUGHT AND MAINTAINED IN THE COURTS OF THE STATE OF
NEW YORK SITTING IN THE BOROUGH OF MANHATTAN OR THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY HEREBY EXPRESSLY AND IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE
JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK FOR THE PURPOSE OF ANY SUCH LITIGATION AS SET FORTH ABOVE AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED
THEREBY IN CONNECTION WITH SUCH LITIGATION. EACH PARTY HEREBY IRREVOCABLY DESIGNATES CT CORPORATION SYSTEM, 111 8TH AVENUE, NEW YORK, NEW YORK 10011, AS THE DESIGNEE, APPOINTEE AND AGENT OF SUCH PARTY TO RECEIVE, FOR AND ON BEHALF OF SUCH PERSON,
SERVICE OF PROCESS IN SUCH JURISDICTION IN ANY LEGAL ACTION OR PROCEEDING WITH RESPECT HERETO. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS, BY REGISTERED MAIL, POSTAGE PREPAID,
OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF NEW YORK. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY HEREBY EXPRESSLY AND IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY HAVE OR HEREAFTER MAY HAVE TO THE LAYING OF VENUE OF ANY
SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. TO THE EXTENT THAT ANY PARTY HAS OR HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR
FROM ANY LEGAL PROCESS (WHETHER THROUGH SERVICE OF NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, SUCH PARTY HEREBY IRREVOCABLY WAIVES TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THIS INDENTURE, THE SECURITIES, AND ANY GUARANTEES HEREUNDER. 
 (c) EACH PARTY TO THIS AGREEMENT IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS INDENTURE WILL AFFECT THE RIGHT OF ANY PARTY TO THIS
AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

  
 49 

 SECTION 10.09 No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret another indenture, loan or debt agreement of any of the Company or any of its Subsidiaries.
Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 SECTION 10.10 No Recourse
Against Others. 
 No director, officer, employee, incorporator, stockholder, member or manager of the Company or any
Subsidiary shall have any liability for any obligations of the Company or any Subsidiary under the Securities of any Series or this Indenture or for any claim based on, in respect of, or by reason of such obligations or their creation, and no
Officer shall have any personal liability for any Officers’ Certificate signed by such Officer or any inaccuracy therein. Each Holder of Securities of any Series by accepting such Securities waives and releases all such liability. Such waiver
and release shall be part of the consideration for issuance of such Securities. 
 SECTION 10.11 Successors.

 All agreements of the Company or any Subsidiary in this Indenture and the Securities shall bind their respective successors.
All agreements of the Trustee in this Indenture shall bind its successor. 
 SECTION 10.12 Duplicate Originals.

 All parties may sign any number of copies of this Indenture. Each signed copy or counterpart shall be an original, but all of
them together shall represent the same agreement. Delivery of an executed counterpart by facsimile or other electronic means shall be as effective as delivery of a manually executed counterpart thereof. 

SECTION 10.13 Severability. 
 To the extent permitted by applicable law, in case any one or more of the provisions in this Indenture or in the Securities shall be held invalid, illegal or unenforceable, in any respect for any reason,
the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions shall not in any way be affected or impaired thereby, it being intended that all of the provisions hereof shall be enforceable to
the full extent permitted by law. 
 SECTION 10.14 Securities in a Foreign Currency. 

Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate delivered pursuant to
Section 2.02 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series

  
 50 

 
or all Series affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in a coin or currency other than
Dollars, then the principal amount of Securities of such Series which shall be deemed to be outstanding for the purpose of taking such action shall be that amount of Dollars that could be obtained for such amount at the Market Exchange Rate at such
time. For purposes of this Section 10.14, “Market Exchange Rate” shall mean the noon Dollar buying rate in New York City, New York for cable transfers of that currency as published by the Federal Reserve Bank of New York. If
such Market Exchange Rate is not available for any reason with respect to such currency, the Trustee shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York as of the most recent
available date. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a Series denominated in currency other than Dollars in connection with any action taken by Holders of Securities
pursuant to the terms of this Indenture. 
 All decisions and determinations of the Trustee regarding the Market Exchange Rate
or any alternative determination provided for in the preceding paragraph shall be in its sole discretion and shall, in the absence of manifest error, to the extent permitted by law, be conclusive for all purposes and irrevocably binding upon the
Company and all Holders. 
 SECTION 10.15 Judgment Currency. 

The Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of
obtaining judgment in any court it is necessary to convert the sum due in respect of the principal of or interest or other amount on the Securities of any Series (the “Required Currency”) into a currency in which a judgment will be
rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York, New York the Required Currency with the
Judgment Currency on the day on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could
purchase in The City of New York, New York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final unappealable judgment is entered and (b) its obligations under this Indenture to make
payments in the Required Currency (i) shall not be discharged or satisfied by any tender, any recovery pursuant to any judgment (whether or not entered in accordance with the preceding clause (a) of this Section 10.15), in any
currency other than the Required Currency, except to the extent that such tender or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments,
(ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so
expressed to be payable, and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a
legal holiday in The City of New York, New York on which banking institutions are authorized or required by law, regulation or executive order to close. 

  
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 ARTICLE ELEVEN 
 SINKING FUNDS 
 SECTION 11.01 Applicability of Article. 

The provisions of this Article shall be applicable to any sinking fund for the retirement of the Securities of a Series, except as
otherwise permitted or required by any form of Security of such Series issued pursuant to this Indenture. 
 The minimum amount
of any sinking fund payment provided for by the terms of the Securities of any Series is herein referred to as a “mandatory sinking fund payment” and any other amount provided for by the terms of Securities of such 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 11.02. 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 11.02 Satisfaction of Sinking Fund Payments with Securities. 

The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made
pursuant to the terms of such Securities (1) deliver outstanding Securities of such Series to which such sinking fund payment is applicable (other than any of such Securities previously called for mandatory sinking fund redemption) together, in
the case of any Bearer Securities of such Series, with all unmatured coupons appertaining thereto and (2) apply as credit Securities of such Series to which such sinking fund payment is applicable and which have been repurchased by the Company
or redeemed either at the election of the Company pursuant to the terms of such Series of Securities (except pursuant to any mandatory sinking fund) or through the application of permitted optional sinking fund payments or other optional redemptions
pursuant to the terms of such Securities, provided that such Securities have not been previously so credited. Such Securities shall be received by the Trustee, together with an Officers’ Certificate with respect thereto, not later than fifteen
(15) days prior to the date on which the Trustee begins the process of selecting Securities for redemption, and shall be credited for such purpose by the Trustee at the 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. If as a result of the delivery or credit of Securities in lieu of cash payments pursuant to this Section 11.02, the principal amount of Securities of such
Series to be redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not call Securities of such Series for redemption, except upon receipt of a Company Order that such action be taken, and such cash
payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment, provided, however, that the Trustee or such Paying Agent shall from time to time upon receipt of a Company Order pay over and
deliver to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by the Company to the Trustee of Securities of that Series purchased by the Company having an unpaid principal amount equal to the cash payment
required to be released to the Company. 

  
 52 

 SECTION 11.03 Redemption of Securities for Sinking Fund. 

Not less than forty-five (45) days (unless otherwise indicated in the Board Resolution, supplemental indenture or Officers’
Certificate in respect of a particular Series of Securities) prior to each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing
mandatory sinking fund payment for that Series pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting of
Securities of that Series pursuant to Section 11.02, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the Company shall thereupon be obligated to pay the amount therein specified.

 Not less than thirty (30) days (unless otherwise indicated in the Board Resolution, supplemental indenture or
Officers’ Certificate in respect of a particular Series of Securities) before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in
Section 3.02 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 3.03. Such notice having been duly given, the redemption of such Securities shall be
made upon the terms and in the manner stated in Sections 3.04, 3.05 and 3.06. 

  
 53 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed.

  

			
	 VANTAGE DRILLING COMPANY,
 as Company

		
	By:	 	/s/ Douglas G. Smith
	Name:	 	Douglas G. Smith
	Its:	 	Chief Financial Officer
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION
 as Trustee

		
	By:	 	/s/ Patrick T. Giordano
	Name:	 	Patrick T. Giordano
	Its:	 	Vice President

  
 54

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