Document:

Exhibit

Exhibit 10.1

FOURTH AMENDMENT TO CREDIT AGREEMENT
THIS FOURTH AMENDMENT TO CREDIT AGREEMENT, dated as of September 28, 2018 (this “Amendment”), is entered into among FTD COMPANIES, INC., a Delaware corporation (the “Company”), INTERFLORA BRITISH UNIT, a company incorporated under the Laws of England & Wales (the “UK Borrower”, and together with the Company, the “Borrowers”), the Guarantors party hereto, the Lenders party hereto, and BANK OF AMERICA, N.A., as Administrative Agent for the Lenders (in such capacity, the “Administrative Agent”).  Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement (as defined below).
RECITALS
WHEREAS, the Borrowers, the Guarantors, the Lenders and Bank of America, N.A., in its capacity as the Administrative Agent, Swing Line Lender and L/C Issuer, are parties to that certain Credit Agreement, dated as of July 17, 2013 (as amended or modified prior to the date hereof, the “Existing Credit Agreement”);
WHEREAS, the parties hereto have agreed to amend the Existing Credit Agreement as provided herein (the Existing Credit Agreement, as amended hereby, the “Credit Agreement”).
NOW, THEREFORE, in consideration of the agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
AGREEMENT
1.    Consent, Acknowledgement and Reaffirmation. By such Person’s signature below, each of the Loan Parties hereby: (a) acknowledges and consents to this Amendment and the terms and provisions hereof; (b) reaffirms the covenants and agreements contained in each Loan Document to which such Person is party, including, in each case, as such covenants and agreements may be modified by this Amendment and the transactions contemplated hereby; (c) reaffirms that each of the Liens created and granted in or pursuant to the Loan Documents in favor of the Administrative Agent for the benefit of the holders of the Obligations is valid and subsisting, and acknowledges and agrees that this Amendment shall in no manner impair or otherwise adversely affect such Liens, except as explicitly set forth herein; (d) acknowledges that this Amendment is limited to the extent specifically set forth herein and shall not be deemed a waiver of, or a consent to a departure from, any other term, covenant, provision or condition set forth in the Credit Agreement and (e) confirms that each Loan Document to which such Person is a party is and shall continue to be in full force and effect and the same are hereby ratified and confirmed in all respects, except that upon the effectiveness of this Amendment, all references in such Loan Documents to the “Credit Agreement”, “thereunder”, “thereof” or words of like import shall mean the Credit Agreement and the other Loan Documents, as the case may be, as in effect and as modified by this Amendment.
2.    Amendments.
(a)The following definitions appearing in Section 1.01 of the Existing Credit Agreement are hereby amended to read as follows:

“Applicable Rate” means, the following percentages per annum, based upon the Consolidated Net Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 7.01(d):
    

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	Pricing Tier
	Consolidated Net Leverage Ratio
	Commitment Fee
	Letters of Credit Fee
	Eurocurrency Rate Loans
	Base Rate Loans

	6
	> 7.00 to 1.0
	0.50%
	7.50%
	7.50%
	6.50%

	5
	< 7.00 to 1.0 but 
> 6.00 to 1.0
	0.50%
	6.50%
	6.50%
	5.50%

	4
	< 6.00 to 1.0 but 
> 5.00 to 1.0
	0.50%
	5.50%
	5.50%
	4.50%

	3
	< 5.00 to 1.0 but 
> 4.00 to 1.0
	0.50%
	4.50%
	4.50%
	3.50%

	2
	< 4.00 to 1.0 but 
> 2.75 to 1.0
	0.50%
	3.50%
	3.50%
	2.50%

	1
	< 2.75 to 1.0
	0.50%
	2.50%
	2.50%
	1.50%

Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Net Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 7.01(d); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon the request of the Required Lenders, Pricing Tier 6 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on which such Compliance Certificate is delivered in accordance with Section 7.01(d), whereupon the Applicable Rate shall be adjusted based upon the calculation of the Consolidated Net Leverage Ratio contained in such Compliance Certificate.  The Applicable Rate in effect from the Fourth Amendment Effective Date through the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 7.01(d) for the twelve month period ending October 31, 2018 shall be determined based upon Pricing Tier 4.
“Consolidated Cash Interest Expense” means, for any period, Consolidated Interest Expense for such period (excluding, however, (i) any interest expense not payable in Cash (including amortization of discount, amortization of debt issuance costs and interest paid-in-kind or added to the existing principal amount) and (ii) original issue discount, financing fees, including those paid in connection with the Second Amendment, the Third Amendment and the Fourth Amendment, redemption premiums and agent fees).
“Consolidated Fixed Charge Coverage Ratio” means, as of the last day of any applicable period, the ratio of (a) the sum of (i) Consolidated Adjusted EBITDA for the consecutive four Fiscal Quarters (or consecutive twelve months, if applicable) ending on such day minus (ii) current taxes based on income of Company and its Restricted Subsidiaries and paid in Cash with respect to such period minus (iii) Consolidated Maintenance Capital Expenditures for such period minus (iv) Restricted Junior Payments paid in Cash during such period to (b) the sum of (i) Consolidated Cash Interest Expense for such period plus (ii) Consolidated Scheduled Funded Debt Payments for such period.
“Consolidated Net Leverage Ratio” means, as of the last day of the applicable period, the ratio of (i)(a) as of such day (and without duplication), (1) all indebtedness of 

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the Company and its Restricted Subsidiaries for borrowed money including but not limited to senior bank Indebtedness, senior notes, and Subordinated Indebtedness, (2) that portion of obligations with respect to Capital Leases that is properly classified as a liability on a balance sheet in conformity with GAAP, (3) issued and outstanding letters of credit, bank guaranties or similar instruments, (4) any obligation entered into after the Third Amendment Effective Date and owed for all or any part of the deferred purchase price of property or services (excluding (i) any such obligations incurred under ERISA, (ii) any such obligations subject to the satisfaction of a condition or contingency but only to the extent of the portion of such obligations subject to such condition or contingency and only as long as such condition or contingency has not been satisfied and (iii) renewals of any such existing agreements), which purchase price is (A) due more than six months from the date of incurrence of the obligation in respect thereof or (B) evidenced by a note or similar written instrument, (5) all obligations in respect of Disqualified Equity, (6) all Indebtedness secured by any Lien on any property or asset owned or held by the Company or any of its Restricted Subsidiaries regardless of whether the Indebtedness secured thereby shall have been assumed by the Company or such Restricted Subsidiary or is nonrecourse to the credit of the Company or such Restricted Subsidiary (excluding insurance premium financing) and (7) Contingent Obligations consisting of guarantees by the Company and its Restricted Subsidiaries in respect of the foregoing obligations of another Person,  minus (b) all unrestricted Cash or Cash Equivalents of the Company and its Restricted Subsidiaries in an amount not to exceed $12,500,000 (which unrestricted Cash and Cash Equivalents shall be deemed to include all Cash and Cash Equivalents that are subject to the Liens created by or pursuant to this Agreement and the Loan Documents but no other Liens other than Permitted Encumbrances) to (ii) Consolidated Adjusted EBITDA for the consecutive four Fiscal Quarters (or, if applicable, the consecutive twelve months) ending on such day.
“Designated Asset Sale” means the disposition of certain assets or subsidiaries of Provide Commerce, Inc.
“Interest Payment Date” means (a) as to any Eurocurrency Rate Loan, the last day of each Interest Period applicable to such Loan and the Maturity Date; provided, however, that if any Interest Period for a Eurocurrency Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan, the last Business Day of each calendar month and the Maturity Date.
“Interest Period” means, as to each Eurocurrency Rate Loan, the period commencing on the date such Eurocurrency Rate Loan is disbursed or converted to or continued as a Eurocurrency Rate Loan and ending on the date one, two, or three months thereafter, as selected by the applicable Borrower in its Loan Notice; provided that:
(a)any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day;

(b)any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day 

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in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and

(c)no Interest Period shall extend beyond the Maturity Date.

“Letter of Credit Sublimit” means an amount equal to $1,767,000 through and including September 30, 2018 and $1,525,000 thereafter.  The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving A Commitments.
“Swing Line Sublimit” means an amount equal to $0.  The Swing Line Sublimit is part of, and not in addition to, the Aggregate Revolving A Commitments.
(b)The following new definitions are hereby added to Section 1.01 of the Existing Credit Agreement in the appropriate alphabetical order to read as follows:

“Fourth Amendment” means that certain Fourth Amendment to Credit Agreement, dated as of the Fourth Amendment Effective Date, by and among the Borrowers, the Guarantors party thereto, the Lenders party thereto, and the Administrative Agent.

“Fourth Amendment Effective Date” means September 28, 2018.

(c)Section 2.02 of the Existing Credit Agreement is hereby amended to add a new subsection (g) which will read as follows:

(g)    On October 1, 2018, all Eurocurrency Rate Loans shall be converted to Base Rate Loans and during the period from and after the Fourth Amendment Effective Date through October 31, 2018, none of the Borrowers shall be entitled to borrow any Eurocurrency Rate Loans, continue any Eurocurrency Rate Loans or convert any Base Rate Loans to Eurocurrency Loans, in each case without the consent of the Required Lenders.
(d)Section 2.03(a)(ii) of the Existing Credit Agreement is hereby amended to read as follows:
(ii)    The L/C Issuer shall not issue any Letter of Credit from and after the Fourth Amendment Effective Date.
(e)Section 2.05(b)(iv) of the Existing Credit Agreement is hereby amended to read as follows:
(iv)    Asset Sales and Recovery Events.  Immediately following any Asset Sale or Recovery Event, the Company shall prepay the Term Loan (in the inverse order of maturity) in an aggregate amount equal to 100% of the Net Cash Proceeds received by the Company or any Restricted Subsidiary from all Asset Sales and Recovery Events, other than (A) the Designated Asset Sale which will be governed by Section 2.05(b)(ix) and (B) Asset Sales permitted by Sections 8.07(c), (f), (g), (i), (j), (k), (l), (m), (n) and (o).

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(f)Section 2.05(b)(viii) of the Existing Credit Agreement is hereby amended to read as follows:

(viii)    Limited Availability Period.  Each Borrower shall immediately prepay Revolving A Loans, Revolving B Loans and/or Swing Line Loans made to it, and/or the Company shall Cash Collateralize the L/C Obligations, in an aggregate amount as is necessary to cause the sum of the Total Revolving A Outstandings plus the Outstanding Amount of all Revolving B Loans to not exceed (A) during the period from and including May 31, 2018 through and including September 30, 2018, $150,000,000, (B) during the period from and including October 1, 2018 through and including October 31, 2018, $155,000,000, (C) during the period from and including November 1, 2018 through and including December 31, 2018, $175,000,000, and (D) during the period from and including January 1, 2019 through and including the Maturity Date, $150,000,000.
(g)A new subclause (iv) is hereby added to Section 2.09(b) of the Existing Credit Agreement to read as follows:

(iv)    Unless otherwise waived by the Required Lenders, the Company shall pay to the Administrative Agent, for the account of each Revolver Lender with any Revolving B Commitments, in accordance with its Applicable Percentage of the Revolving B Commitments, a fee in Dollars equal to the product of (A) 2.50% per annum times (B) the actual daily amount of the Aggregate Revolving B Loans.  Such fee shall be due and payable monthly in arrears on the last Business Day of each calendar month, commencing with the first such date to occur after the Fourth Amendment Effective Date, and on the Maturity Date.
(h)Section 5.02(e) of the Existing Credit Agreement is hereby amended to read as follows:

(e)    Such Credit Extension (i) would not require the Borrowers to make mandatory prepayments of the Loans or Cash Collateralize Letters of Credit pursuant to Section 2.05(b)(viii) or (ii) after giving effect to the proposed use of proceeds thereof, would not cause Consolidated Cash-on-Hand to exceed $20,000,000.
(i)Section 7.01(b) of the Existing Credit Agreement is hereby amended to read as follows:

(b)    Quarterly and Other Interim Financials:  as soon as available and in any event within 45 days after the end of each Fiscal Quarter (and for purposes of compliance with financial covenants measured as of the trailing twelve months ending October 31, 2018, within 45 days after October 31, 2018), other than the last Fiscal Quarter of any Fiscal Year, the consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal period (or trailing twelve month period if applicable) and the related consolidated statements of income and cash flows of the Company and its Subsidiaries for such fiscal period (or trailing twelve month period if applicable) and for the period from the beginning of the then current Fiscal Year to the end of such fiscal period, setting forth in each case in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year, to the extent prepared for such fiscal period, all in reasonable detail and certified by a Financial Officer of the Company that they fairly present, in all material respects, the financial condition of the Company and its Subsidiaries as at the dates indicated and the 

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results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments and the absence of footnotes;
(j)Section 7.01(o) of the Existing Credit Agreement is hereby amended to read as follows:

(o)    Perfection Certificate. Within two weeks of the Fourth Amendment Effective Date, a perfection certificate, in form and substance satisfactory to the Administrative Agent, describing all assets of the Company and its Subsidiaries, including, without limitation, the locations of any material tangible assets and the ownership of any Subsidiaries.
(k)Section 7.09(a) of the Existing Credit Agreement is hereby amended to read as follows:

(a)    Additional Mortgages, Etc.  From and after the Fourth Amendment Effective Date, in the event that (i) the Company or any Guarantor owns or acquires any fee interest in real property with a value in excess of $1,000,000 or (ii) at the time any Person becomes a Guarantor, such Person owns or holds any fee interest in real property with a value in excess of $1,000,000, in each case excluding any such Real Property Asset the encumbrancing of which requires the consent of any applicable lessor or then-existing senior lienholder, where the Company and its Restricted Subsidiaries have attempted in good faith, but are unable, to obtain such lessor’s or senior lienholder’s consent, the Company or such Guarantor shall deliver to the Administrative Agent, as soon as practicable after such Person acquires such Real Property Asset or becomes a Guarantor, as the case may be, a fully executed and notarized Mortgage, in proper form for recording in all appropriate places in all applicable jurisdictions, encumbering the interest of such Loan Party in such Real Property Asset and such opinions, documents, title insurance and environmental reports as may be reasonably required by the Administrative Agent.
(l)Section 7.12(b) of the Existing Credit Agreement is hereby amended to read as follows:

(b)    Commencing on October 2, 2018 and on a weekly basis thereafter (no later than Tuesday close of business of each week), the Company shall conduct a telephonic conference call with the Administrative Agent and, if requested, the Lenders, for purposes of updating the Administrative Agent and the Lenders on the progress towards the Borrowers’ “Corporate Restructuring and Cost Savings Plan” and its review of strategic alternatives. At the request of the Administrative Agent, the Borrowers will cause its financial advisors to participate on the call. In addition to the foregoing, Borrowers will deliver to the Administrative Agent (on a weekly basis) written updates prepared by Moelis & Company regarding the progress with respect to review of the Borrowers’ strategic alternatives.  Such weekly updates shall be subject to the confidentiality provisions of this Agreement in all respects and the Company shall not be required to disclose any information that would violate obligations of the Company or any of its Affiliates set out in any confidentiality agreements related to any divesture.

(m)Section 7.12(c) of the Existing Credit Agreement is hereby amended to read as follows:

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(c)    The Loan Parties shall deliver to the Administrative Agent (for distribution to the Lenders):

(i)    commencing on October 5, 2018 and continuing on the first Friday of each calendar month thereafter, a 13-week cash flow forecast (“Budget”), in form and detail reasonably acceptable to the Administrative Agent, which forecast shall detail all sources and uses of cash on a weekly basis; and

(ii)    commencing October 4, 2018, on the fourth Business Day of each week following the end of each week set forth in the Budget, in form and detail reasonably acceptable to the Administrative Agent, a report that sets forth for the immediately preceding week, and cumulatively, a comparison of the Company’s actual cash receipts for, cash disbursements for, and availability under the Revolving Commitments as of the end of, such week to the Company’s projected cash receipts for, cash disbursements for, and availability under the Revolving Commitments as of the end of, such week as set forth in the Budget (the “Variance Report”).

(m)Section 7.13 of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:

7.13    Maximum Cash-on-Hand.
If at any time Consolidated Cash-on-Hand exceeds $20,000,000 for any three consecutive Business Day period thereafter, the Borrowers shall pay to the Administrative Agent, for the account of the Lenders, an amount equal to the amount by which (x) Consolidated Cash-on-Hand exceeds (y) $20,000,000 as of the close of business on such third Business Day.  These payments shall be applied to the outstanding Revolving Loans in a manner consistent with Section 2.05(a).  The amount of any such payment shall be certified by the Company to the Administrative Agent on the applicable payment date in a form reasonably acceptable to the Administrative Agent.  For purposes hereof, “Consolidated Cash-on-Hand” means, as of any day, the sum of the amount of all cash and Cash Equivalents of the Company and its Restricted Subsidiaries, on a consolidated basis, less the amount of any payments which have been issued by the Company and its Restricted Subsidiaries, but which have not yet cleared their respective accounts.
(n)Section 8.03(h) of the Existing Credit Agreement is hereby amended to read as follows:

(h)    the Company and its Restricted Subsidiaries may make loans (financing equipment sold by the Company and its Restricted Subsidiaries) or equipment leases to customers doing business with the Company and its Restricted Subsidiaries in an aggregate principal amount not to exceed $10,600,000 at any time outstanding (with the principal amount of such leases to be deemed to be equal to the discounted present value, at a market rate of interest, of the remaining rental payments plus any residual value of the leased equipment as shown on the Company’s financial statements);
(o)Section 8.03(i) of the Existing Credit Agreement is hereby amended to read as follows:

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(i)    [reserved];
(p)Section 8.03(n) of the Existing Credit Agreement is hereby amended to read as follows:

(n)    [reserved];
(q)Section 8.04(f) of the Existing Credit Agreement is hereby amended to read as follows:

(f)    [reserved];
(r)Section 8.04(i) of the Existing Credit Agreement is hereby amended to read as follows:

(i)    Contingent Obligations with respect to guarantees by the Company and its Restricted Subsidiaries of lease obligations of Floral Support Center SPEs in an aggregate amount not to exceed $2,500,000 at any time outstanding.
(s)Section 8.06 of the Existing Credit Agreement is hereby amended to read as follows:

8.06    Financial Covenants.
(a)    Maximum Consolidated Net Leverage Ratio.  The Company shall not permit the Consolidated Net Leverage Ratio as of the last day of the most recently ended applicable period ending on the dates set forth below to exceed the correlative ratio indicated for such period (or period including such Fiscal Quarter or twelve month period):
	
		
	Period
	Ratio

	Twelve month period ending 10/31/18
	6.25 to 1.0

	Four Fiscal Quarter Period Ending 12/31/18
	3.75 to 1.0

	Four Fiscal Quarter Period Ending 3/31/19
	2.75 to 1.0

	Four Fiscal Quarter Period Ending 6/30/19
	2.50 to 1.0

	Four Fiscal Quarter Period Ending 9/30/19
	3.50 to 1.0

(b)    Minimum Consolidated Fixed Charge Coverage Ratio.  The Company shall not permit the Consolidated Fixed Charge Coverage Ratio as of the last day of the most recently ended applicable period ending on the dates set forth below to be less than the correlative ratio indicated for such period (or period including such Fiscal Quarter or twelve month period):
	
		
	Period
	Ratio

	Twelve month period ending 10/31/18
	0.70 to 1.0

	Four Fiscal Quarter Period Ending 12/31/18
	1.10 to 1.0

	Four Fiscal Quarter Period Ending 3/31/19
	1.35 to 1.0

	Four Fiscal Quarter Period Ending 6/30/19
	1.65 to 1.0

	Four Fiscal Quarter Period Ending 9/30/19
	1.75 to 1.0

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(t)Section 8.07(d) of the Existing Credit Agreement is hereby amended to read as follows:

(d)    the Company and its Restricted Subsidiaries (i) may make Asset Sales so long as, after giving effect thereto, the aggregate fair market value of all assets transferred pursuant to this subclause (i) does not exceed $1,000,000 and (ii) may sell the Company’s headquarters located at 3113 Woodcreek Drive, Downers Grove, Illinois; provided that (A) Required Lenders have consented to the sale, (B) the consideration received for such assets shall be in an amount at least equal to the fair market value thereof; and (C) 100% of the consideration received shall be Cash or Cash Equivalents;
(u)Section 8.14 of the Existing Credit Agreement is amended to read as follows:

8.14    Capital Expenditures.
The Company shall not, and shall not permit any of its Restricted Subsidiaries to, permit the aggregate amount of Consolidated Capital Expenditures to be greater than (i) $28,000,000, for the most recently ended period of two Fiscal Quarters ending on June 30, 2018, (ii) $31,000,000 for the most recently ended period of three Fiscal Quarters ending on September 30, 2018, (iii) $34,000,000 for the most recently ended period of ten calendar months ending on  October 31, 2018, (iv) $42,000,000 for the most recently ended period of four Fiscal Quarters ending on December 31, 2018, (v) $42,000,000 for the most recently ended period of four Fiscal Quarters ending on March 31, 2019, and (vi) $40,000,000 for the most recently ended period of four Fiscal Quarters ending on June 30, 2019.
(v)Section 9.01(b)(i) of the Existing Credit Agreement is hereby amended to read as follows:

(i)    Failure of the Company or any of its Restricted Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 9.01(a)), Contingent Obligations in respect of Indebtedness, Hedging Obligations or letters of credit in an aggregate principal amount of $2,500,000 or more, in each case beyond the end of any grace period provided therefor (provided that, in the case of any Hedging Obligation, the amount counted for this purpose shall be the amount payable by the Company or any of its Restricted Subsidiaries if such Hedging Obligation were terminated at such time); or
(w)Section 9.01(g)(ii)(D) of the Existing Credit Agreement is hereby amended to read as follows:

(D)    enforcement of any Lien over any assets of any Relevant UK Entity having a value of at least $1,000,000,
(x)Section 9.01(h) of the Existing Credit Agreement is hereby amended to read as follows:

(h)    Judgments and Attachments.  (i) Any money judgment, writ or warrant of attachment, distress, execution or similar process in any jurisdiction involving in the aggregate at any time an amount in excess of $10,000,000, in any case to the extent not adequately covered by insurance as to which a solvent and unaffiliated insurance 

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company has acknowledged coverage, or (ii) any one or more non-monetary final judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, shall be entered or filed against the Company or any of its Restricted Subsidiaries or any of their respective assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of 60 consecutive days (in any event later than five days prior to the date of any action to foreclose or collect upon its judgment); or
(y)Schedule 2.01 to the Existing Credit Agreement is hereby amended and restated in the form attached hereto as Annex A.

3.    Effectiveness; Conditions Precedent.  This Amendment shall be and become effective as of date hereof when all of the conditions set forth in this Section 3 shall have been satisfied.
(a)    Execution of Counterparts of Amendment.  The Administrative Agent shall have received counterparts of this Amendment, which collectively shall have been duly executed on behalf of each of each Borrower, each Guarantor, the Administrative Agent and the Required Lenders.
(b)    Opinions of Counsel. The Administrative Agent shall have received favorable opinions of legal counsel to the Borrowers and the Guarantors, addressed to the Administrative Agent and each Lender, dated as of the date hereof, and in form and substance reasonably satisfactory to the Administrative Agent.
(c)    Organization Documents, Resolutions, Etc.  The Administrative Agent shall have received the following, in form and substance satisfactory to the Administrative Agent:
(i)    copies of the Organization Documents of each U.S. Loan Party certified to be true and complete as of a recent date by the appropriate Governmental Authority of the state or other jurisdiction of its incorporation or organization, where applicable, and certified by a secretary or assistant secretary of such U.S. Loan Party to be true and correct as of the date hereof (or a certification that such Organization Documents have not been amended since the Second Amendment Effective Date);
(ii)    such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each U.S. Loan Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Amendment and the other Loan Documents to which such U.S. Loan Party is a party (or, with respect to incumbency certificates, a certification that the Responsible Officers listed on the incumbency certificates delivered on the Second Amendment Effective Date have not changed);
(iii)    such documents and certifications as the Administrative Agent may reasonably require to evidence that each U.S. Loan Party is duly organized or formed, and is validly existing, in good standing and qualified to engage in business in its state of organization or formation; and
(iv)    in relation to the UK Borrower, (A) a copy of a resolution of the board of directors of the UK Borrower (1) approving the terms of, and the transactions contemplated by, this Amendment and resolving that it execute this Amendment, (2) 

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authorizing a specified person or persons to execute this Amendment on its behalf, and (3) authorizing a specified person or persons, on its behalf, to sign and/or dispatch all documents and notices to be signed and/or dispatched by it under or in connection with this Amendment; (B) a certificate of the UK Borrower (signed by a director) confirming that the constitutional documents and resolution of the board of directors of the UK Borrower are correct, complete and in full force and effect as at a date no earlier than the date of this Amendment; and (C) copies of the Organization Documents of the UK Borrower (or a certification that such Organization Documents have not been amended since the Second Amendment Effective Date).
(d)    KYC; Beneficial Ownership Certification.  Upon the reasonable request of any Lender made at least five days prior to the Closing Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act. If any Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, such Borrower shall deliver to the Administrative Agent and the Lenders, a Beneficial Ownership Certification in relation to such Borrower
(e)    Fees.  The Company shall have paid to the Administrative Agent, for its own account and for the account of the Lenders executing this Amendment, as applicable, all fees required to be paid in connection with this Amendment.
4.    Expenses.  The Loan Parties agree to reimburse the Administrative Agent for all reasonable documented out-of-pocket costs and expenses of the Administrative Agent in connection with the preparation, execution and delivery of this Amendment, including without limitation the (a) reasonable documented fees and expenses of Moore & Van Allen PLLC, and (b) the fees and expenses of FTI Consulting, Inc.
5.    Ratification; Acknowledgment.  Each Loan Party acknowledges and consents to the terms set forth herein and agrees that this Amendment does not impair, reduce or limit any of its obligations under the Loan Documents, as amended hereby.  This Amendment is a Loan Document.
6.    Representations.  Each Loan Party represents and warrants as follows:
(a)    It has taken all necessary action to authorize the execution, delivery and performance of this Amendment.
(b)    This Amendment has been duly executed and delivered by such Loan Party and constitutes its legal, valid and binding obligations, enforceable in accordance with its terms, except as such enforceability may be subject to (i) applicable Debtor Relief Laws and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).
(c)    The execution and delivery of this Amendment does not violate, contravene or conflict with any provision of its Organization Documents.
(d)    The Obligations are not subject to any offsets, defenses or counterclaims.
(e)    No Default exists on and as of the date of this Amendment.

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(f)    After giving effect to this Amendment, the representations and warranties set forth in Article VI of the Credit Agreement are true and correct in all material respects (or if such representation and warranty is qualified by materiality or Material Adverse Effect, it shall be true and correct) as of the date hereof unless they specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or if such representation and warranty is qualified by materiality or Material Adverse Effect, it shall be true and correct) as of such earlier date.
(g)    As of the Fourth Amendment Effective Date, the information included in the Beneficial Ownership Certification is true and correct in all respects.
7.    Lender Representations, Warranties and Covenant.  Each Lender party hereto represents and warrants that, after giving effect to this Amendment, the representations and warranties of such Lender set forth in Section 10.12 of the Credit Agreement are true and correct as of the date of this Amendment.  Each Lender party hereto hereby agrees to comply with the covenants applicable to such Lender set forth in Section 10.12 of the Credit Agreement.
8.    Successors and Assigns; No Third Party Beneficiaries.  This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.  No other Person shall have or be entitled to assert rights or benefits under this Amendment.
9.    Headings.  The headings of the sections hereof are provided for convenience only and shall not in any way affect the meaning or construction of any provision of this Amendment.
10.    Severability.  If any provision of this Amendment is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Amendment shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions.  The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
11.    Acknowledgment of Guarantors.  The Guarantors acknowledge and consent to all of the terms and conditions of this Amendment and agree that this Amendment and any documents executed in connection herewith do not operate to reduce or discharge the Guarantors’ obligations under the Credit Amendment or the other Loan Documents.
12.    Release.  In consideration of the agreements of the Administrative Agent and the Required Lenders set forth in this Amendment, the Loan Parties hereby release and forever discharge the Administrative Agent, each L/C Issuer, the Swing Line Lender, the Lenders and the Administrative Agent’s, each L/C Issuer’s, the Swing Line Lender’s and each Lender’s respective predecessors, successors, assigns, officers, managers, directors, employees, agents, attorneys, representatives and affiliates (collectively, the “Lender Group”) from any and all claims, counterclaims, demands, damages, debts, suits, liabilities, actions and causes of action of any nature whatsoever, in each case to the extent arising in connection with any of the Loan Documents through and including the Fourth Amendment Effective Date, whether arising at law or in equity, whether known or unknown, whether liability be direct or indirect, liquidated or unliquidated, whether absolute or contingent, foreseen or unforeseen, and whether or not heretofore asserted, which any of the Loan Parties may have or claim to have against any member of the Lender Group.

12

13.    No Actions, Claims. Each Loan Party represents, warrants, acknowledges and confirms that, as of the date hereof, it has no knowledge of any action, cause of action, claim, demand, damage or liability of whatever kind or nature, in law or in equity, against any member of the Lender Group arising from any action by such Persons, or failure of such Persons to act, under or in connection with any of the Loan Documents.
14.    Counterparts/Telecopy.  This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument.  Delivery of executed counterparts of this Amendment by telecopy or other secure electronic format (.pdf) shall be effective as an original.
15.    GOVERNING LAW.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
[remainder of page intentionally left blank]

13

Each of the parties hereto has caused a counterpart of this Amendment to be duly executed and delivered as of the date first above written.
COMPANY:            FTD COMPANIES, INC.,
a Delaware corporation
By: /s/ Steven Barnhart                         
Name: Steven Barnhart
Title: Executive Vice President and Chief Financial Officer
		
	UK BORROWER:
	INTERFLORA BRITISH UNIT,

a company incorporated under the Laws
of England & Wales
By: /s/ Rhys J. Hughes                        
Name: Rhys J. Hughes
Title: Director
GUARANTORS:        FLORISTS’ TRANSWORLD DELIVERY, INC.,
a Michigan corporation
By: /s/ Steven Barnhart                         
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer
FTD GROUP, INC.,
a Delaware corporation
By: /s/ Steven Barnhart                         
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer
FTD, INC.,
a Delaware corporation
By: /s/ Steven Barnhart                         
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer
FTD.CA, INC.,
a Delaware corporation
By: /s/ Steven Barnhart                         
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer 

FTD.COM INC.,
a Florida corporation
By: /s/ Steven Barnhart                         
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer
PROVIDE COMMERCE, INC.,
a Delaware corporation
By: /s/ Steven Barnhart                         
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer
PROVIDE CARDS, INC.,
a California corporation
By: /s/ Steven Barnhart                         
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer
PROVIDE CREATIONS, INC.,
a Delaware corporation
By: /s/ Steven Barnhart                         
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer
GIFTCO, LLC,
a Delaware limited liability company
By: /s/ Steven Barnhart                         
Name: Steven Barnhart
Title:  Executive Vice President, Chief Financial Officer and Treasurer
FTD MOBILE, INC,
a Delaware corporation
By: /s/ Steven Barnhart                         
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer

ADMINISTRATIVE
AGENT:            BANK OF AMERICA, N.A.,
as Administrative Agent
By: /s/ Gavin Shak                        
Name: Gavin Shak
Title: Assistant Vice President

LENDERS:            BANK OF AMERICA, N.A.,
as a Lender, L/C Issuer and Swing Line Lender
By: /s/ John Schuessler                        
Name: John Schuessler
Title: Senior Vice President

WELLS FARGO BANK, NATIONAL ASSOCIATION,
as a Lender
By: /s/ Tracie Plummer                    
Name: Tracie Plummer
Title: Director

BMO HARRIS BANK N.A.,
as a Lender
By: /s/ L. M. Junior Del Brocco                
Name: L. M. Junior Del Brocco
Title: Senior Vice President

BANK OF MONTREAL,
as a Lender
By: /s/ Jack J. Kane                     
Name: Jack J. Kane
Title: Managing Director

COMPASS BANK,
as a Lender
By: /s/ John McCurdy                        
Name: John McCurdy
Title: SVP

PNC BANK, NATIONAL ASSOCIATION,
as a Lender
By: /s/ Terry A. Graffis                        
Name: Terry A. Graffis
Title: Vice President

HSBC BANK USA, NATIONAL ASSOCIATION,
as a Lender
By: /s/ Fred Schimel                        
Name: Fred Schimel
Title: Vice President

MUFG UNION BANK, N.A.,
as a Lender
By: /s/ Malcolm D. McDuffie                    
Name: Malcolm D. McDuffie
Title: Director

REGIONS BANK,
as a Lender
By: /s/ Arthur E. Cutler                        
Name: Arthur E. Cutler
Title: Senior Vice President

FIRST BANK OF HIGHLAND PARK,
as a Lender
By: /s/ Lynn M. Rosinsky                    
Name: Lynn M. Rosinsky
Title: Senior Vice President

FCS COMMERCIAL FINANCE GROUP, FOR AGCOUNTRY FARM CREDIT SERVICES, PCA, as a Lender

By: /s/ Eric Born                        
Name: Eric Born
Title: Vice President

COMPEER FINANCIAL, PCA successor to 1st FARM CREDIT SERVICES, PCA, as a Lender

By: /s/ Corey J. Waldinger                    
Name: Corey J. Waldinger
Title: Director, Capital Markets

ANNEX A

Schedule 2.01
Commitments and Applicable Percentages
	
							
	Lender
	Revolving A
Commitment
	Applicable Percentage of Revolving A Commitment
	Revolving B
Commitment
	Applicable Percentage of Revolving B Commitment
	L/C Commitment1
	Swing Line Commitment2

	Bank of America, N.A.
	$34,188,715
	22.792476667%
	$6,504,702
	26.018808000%
	$25,000,000
	$15,000,000

	Wells Fargo Bank, National Association
	$25,950,470
	17.300313333%
	$4,937,304
	19.749216000%
	$0
	$0

	BMO Harris Bank, N.A.
	$16,064,577
	10.709718000%
	$0
	0.000000000%
	$0
	$0

	Bank of Montreal
	$0
	0.000000000%
	$3,056,426
	12.225704000%
	$0
	$0

	Compass Bank
	$14,828,840
	9.885893333%
	$2,821,317
	11.285268000%
	$0
	$0

	PNC Bank, National Association
	$14,828,840
	9.885893333%
	$2,821,317
	11.285268000%
	$0
	$0

	MUFG Union Bank, N.A.
	$9,062,069
	6.041379333%
	$1,724,138
	6.896552000%
	$0
	$0

	Regions Bank
	$7,414,420
	4.942946667%
	$1,410,658
	5.642632000%
	$0
	$0

	HSBC Bank USA, National Association
	$9,062,069
	6.041379333%
	$1,724,138
	6.896552000%
	$0
	$0

	First Bank of Highland Park
	$7,200,000
	4.800000000%
	$0
	0.000000000%
	$0
	$0

	FCS Commercial Finance Group for AgCountry Farm Credit Services, PCA
	$5,700,000
	3.800000000%
	$0
	0.000000000%
	$0
	$0

	1st Farm Credit Services, PCA
	$5,700,000
	3.800000000%
	$0
	0.000000000%
	$0
	$0

	TOTAL
	$150,000,000
	100%
	$25,000,000
	100%
	$25,000,000
	$15,000,000

	
	
	 

1In such institution’s capacity as an L/C Issuer.
2In such institution’s capacity as Swing Line Lender.EX-4.1

 Exhibit 4.1 
  

 
 América Móvil, S.A.B.
de C.V., 
 Citibank, N.A. 

as Trustee, Registrar, and Transfer Agent 

and 
 Citibank, N.A., London
Branch 
 as Paying Agent 
  

 

INDENTURE 

Dated as of October 1, 2018 
  

 
 Debt Securities

  
  

 Certain Sections of this Indenture relating to Sections 310 

through 318, inclusive, of the Trust Indenture Act of 1939: 
  

			
	       Trust 

Indenture Act

     Section
	  	 Indenture

Section

		
	 § 310(a)(1)
	  	609
	 (a)(2)
	  	609
	 (a)(3)
	  	Not Applicable
	 (a)(4)
	  	Not Applicable
	 (b)
	  	608
		  	610
	 § 311(a)
	  	613
	 (b)
	  	613
	 § 312(a)
	  	701
		  	702
	 (b)
	  	702
	 (c)
	  	702
	 § 313(a)
	  	703
	 (b)
	  	703
	 (c)
	  	703
	 (d)
	  	703
	 § 313(a)
	  	704
	 (a)(4)
	  	101
		  	1004
	 (b)
	  	Not Applicable
	 (c)(1)
	  	102
	 (c)(2)
	  	102
	 (c)(3)
	  	Not Applicable
	 (d)
	  	Not Applicable
	 (e)
	  	102
	 § 315(a)
	  	601
	 (b)
	  	602
	 (c)
	  	601
	 (d)
	  	601
	 (e)
	  	513
	 § 316(a)
	  	101
	 (a)(1)(A)
	  	502
		  	512
	 (a)(1)(B)
	  	513
	 (a)(2)
	  	Not Applicable
	 (b)
	  	508
	 (c)
	  	104
	 § 317(a)(1)
	  	503

  
 i 

			
	 (a)(2)
	  	504
	 (b)
	  	1003
	 § 318(a)
	  	107

  

	Note:	 This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture.

  
 ii 

 Table of Contents 
  

							
	 	  	 	  	Page	 
			
	 ARTICLE ONE
	  	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  	 	1	 
			
	 Section 101.
	  	Definitions	  	 	1	 
	 Section 102.
	  	Compliance Certificates and Opinions	  	 	9	 
	 Section 103.
	  	Form of Documents Delivered to Trustee	  	 	10	 
	 Section 104.
	  	Acts of Holders; Record Dates	  	 	11	 
	 Section 105.
	  	Notices, Etc., to Trustee, Paying Agent and Company	  	 	13	 
	 Section 106.
	  	Notice to Holders; Waiver	  	 	13	 
	 Section 107.
	  	Conflict with Trust Indenture Act	  	 	14	 
	 Section 108.
	  	Effect of Headings and Table of Contents	  	 	14	 
	 Section 109.
	  	Successors and Assigns	  	 	14	 
	 Section 110.
	  	Separability Clause	  	 	14	 
	 Section 111.
	  	Counterparts	  	 	15	 
	 Section 112.
	  	Benefits of Indenture	  	 	15	 
	 Section 113.
	  	Governing Law	  	 	15	 
	 Section 114.
	  	Legal Holidays	  	 	15	 
	 Section 115.
	  	Consent to Service; Jurisdiction	  	 	15	 
	 Section 116.
	  	Language of Notices, Etc.	  	 	16	 
			
	 ARTICLE TWO
	  	SECURITY FORMS	  	 	16	 
			
	 Section 201.
	  	Forms Generally	  	 	16	 
	 Section 202.
	  	Form of Face of Security	  	 	17	 
	 Section 203.
	  	Form of Reverse of Security	  	 	20	 
			
	 ARTICLE THREE
	  	THE SECURITIES	  	 	25	 
			
	 Section 301.
	  	Amount Unlimited; Issuable in Series	  	 	25	 
	 Section 302.
	  	Denominations	  	 	28	 
	 Section 303.
	  	Execution, Authentication, Delivery and Dating	  	 	28	 
	 Section 304.
	  	Registration, Registration of Transfer and Exchange	  	 	29	 
	 Section 305.
	  	Mutilated, Destroyed, Lost and Stolen Securities	  	 	32	 
	 Section 306.
	  	Payment of Interest; Interest Rights Preserved	  	 	33	 
	 Section 307.
	  	Persons Deemed Owners	  	 	34	 
	 Section 308.
	  	Cancellation	  	 	34	 
	 Section 309.
	  	Computation of Interest	  	 	35	 
	 Section 310.
	  	CUSIP and ISIN Numbers	  	 	35	 
			
	 ARTICLE FOUR
	  	SATISFACTION AND DISCHARGE	  	 	35	 
			
	 Section 401.
	  	Satisfaction and Discharge of Indenture	  	 	35	 
	 Section 402.
	  	Application of Trust Money	  	 	36	 

  
 iii 

 Table of Contents 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 ARTICLE FIVE
	  	REMEDIES	  	 	37	 
			
	 Section 501.
	  	Events of Default	  	 	37	 
	 Section 502.
	  	Acceleration of Maturity; Rescission and Annulment	  	 	38	 
	 Section 503.
	  	Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	39	 
	 Section 504.
	  	Trustee May File Proofs of Claim	  	 	40	 
	 Section 505.
	  	Trustee May Enforce Claims Without Possession of Securities	  	 	40	 
	 Section 506.
	  	Application of Money Collected	  	 	41	 
	 Section 507.
	  	Limitation on Suits	  	 	41	 
	 Section 508.
	  	Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert	  	 	42	 
	 Section 509.
	  	Restoration of Rights and Remedies	  	 	42	 
	 Section 510.
	  	Rights and Remedies Cumulative	  	 	42	 
	 Section 511.
	  	Delay or Omission Not Waiver	  	 	42	 
	 Section 512.
	  	Control by Holders	  	 	43	 
	 Section 513.
	  	Waiver of Past Defaults	  	 	43	 
	 Section 514.
	  	Undertaking for Costs	  	 	43	 
	 Section 515.
	  	Waiver of Usury, Stay or Extension Laws	  	 	44	 
			
	 ARTICLE SIX
	  	THE TRUSTEE	  	 	44	 
			
	 Section 601.
	  	Certain Duties and Responsibilities	  	 	44	 
	 Section 602.
	  	Notice of Defaults	  	 	45	 
	 Section 603.
	  	Certain Rights of Trustee	  	 	45	 
	 Section 604.
	  	Not Responsible for Recitals or Issuance of Securities	  	 	47	 
	 Section 605.
	  	May Hold Securities	  	 	48	 
	 Section 606.
	  	Money Held in Trust	  	 	48	 
	 Section 607.
	  	Compensation and Reimbursement	  	 	48	 
	 Section 608.
	  	Conflicting Interests	  	 	49	 
	 Section 609.
	  	Corporate Trustee Required; Eligibility	  	 	49	 
	 Section 610.
	  	Resignation and Removal; Appointment of Successor	  	 	49	 
	 Section 611.
	  	Acceptance of Appointment by Successor	  	 	51	 
	 Section 612.
	  	Merger, Conversion, Consolidation or Succession to Business	  	 	52	 
	 Section 613.
	  	Preferential Collection of Claims Against Company	  	 	52	 
	 Section 614.
	  	Appointment of Authenticating Agent	  	 	52	 
	 Section 615.
	  	Trustee’s Application for Instructions from the Company	  	 	54	 
			
	 ARTICLE SEVEN
	  	HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	  	 	54	 
			
	 Section 701.
	  	Company to Furnish Trustee Names and Addresses of Holders	  	 	54	 

  
 iv 

 Table of Contents 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 Section 702.
	  	Preservation of Information; Communications to Holders	  	 	55	 
	 Section 703.
	  	Reports by Trustee	  	 	55	 
	 Section 704.
	  	Reports by Company	  	 	55	 
			
	 ARTICLE EIGHT
	  	CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE	  	 	56	 
			
	 Section 801.
	  	Company May Consolidate, Etc. Only on Certain Terms	  	 	56	 
	 Section 802.
	  	Successor Substituted	  	 	56	 
			
	 ARTICLE NINE
	  	SUPPLEMENTAL INDENTURES	  	 	57	 
			
	 Section 901.
	  	Supplemental Indentures without Consent of Holders	  	 	57	 
	 Section 902.
	  	Supplemental Indentures with Consent of Holders	  	 	58	 
	 Section 903.
	  	Execution of Supplemental Indentures	  	 	59	 
	 Section 904.
	  	Effect of Supplemental Indentures	  	 	60	 
	 Section 905.
	  	Conformity with Trust Indenture Act	  	 	60	 
	 Section 906.
	  	Reference in Securities to Supplemental Indentures	  	 	60	 
			
	 ARTICLE TEN
	  	COVENANTS	  	 	60	 
			
	 Section 1001.
	  	Payment of Principal, Premium and Interest	  	 	60	 
	 Section 1002.
	  	Maintenance of Office or Agency	  	 	60	 
	 Section 1003.
	  	Money for Security Payments to Be Held in Trust	  	 	61	 
	 Section 1004.
	  	Statement by Officers as to Default	  	 	63	 
	 Section 1005.
	  	Exchange Act Reports	  	 	63	 
	 Section 1006.
	  	Limitation on Liens	  	 	64	 
	 Section 1007.
	  	[Reserved]	  	 	65	 
	 Section 1008.
	  	Limitation on Sale/Leaseback Transactions	  	 	65	 
	 Section 1009.
	  	Payment of Additional Amounts	  	 	66	 
	 Section 1010.
	  	Indemnification of Judgment Currency	  	 	69	 
	 Section 1011.
	  	Waiver of Certain Covenants	  	 	70	 
	 Section 1012.
	  	Calculation of Original Issue Discount	  	 	70	 
			
	 ARTICLE ELEVEN
	  	REDEMPTION OF SECURITIES	  	 	70	 
			
	 Section 1101.
	  	Right of Redemption	  	 	70	 
	 Section 1102.
	  	Notice of Redemption	  	 	71	 
	 Section 1103.
	  	Deposit of Redemption Price	  	 	72	 
	 Section 1104.
	  	Securities Payable on Redemption Date	  	 	72	 
	 Section 1105.
	  	Securities Redeemed in Part	  	 	72	 
			
	 ARTICLE TWELVE
	  	LEGAL DEFEASANCE AND COVENANT DEFEASANCE	  	 	73	 
			
	 Section 1201.
	  	Applicability of Article; Company’s Option to Effect Legal Defeasance or Covenant Defeasance	  	 	73	 

  
 v 

 Table of Contents 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 Section 1202.
	  	Legal Defeasance and Discharge	  	 	73	 
	 Section 1203.
	  	Covenant Defeasance	  	 	74	 
	 Section 1204.
	  	Conditions to Defeasance or Covenant Defeasance	  	 	74	 
	 Section 1205.
	  	Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions	  	 	76	 
	 Section 1206.
	  	Reinstatement	  	 	76	 

  
 vi 

 INDENTURE, dated as of October 1, 2018, among América Móvil, S.A.B. de
C.V. (the “Company”), a sociedad anónima bursátil de capital variable organized and existing under the laws of the United Mexican States (“Mexico”), having its principal office at Lago Zurich 245, Plaza
Carso, Edificio Telcel, 4th floor, Colonia Ampliación Granada, Delegación Miguel Hidalgo, 11529, Mexico City, Mexico, Citibank, N.A., a national banking association, as Trustee (the “Trustee”), registrar and transfer agent,
and Citibank, N.A., London Branch, a national banking association, as paying agent (the “Paying Agent”). 
 RECITALS 

The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its debt
securities (herein called collectively the “Securities”), to be issued in one or more series as in this Indenture provided. 
 All
things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done. 
 NOW, THEREFORE,
THIS INDENTURE WITNESSETH: 
 For and in consideration of the premises and the purchase and acceptance of the Securities by the Holders
thereof, it is mutually agreed, for the equal and proportionate benefit of all Holders of the Securities or of series thereof, as follows: 

ARTICLE ONE 
 DEFINITIONS AND
OTHER PROVISIONS 
 OF GENERAL APPLICATION 

SECTION 101.    Definitions. 

For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 

(1)    the terms defined in this Article One have the meanings assigned to them in this Article One and
include the plural as well as the singular; 
 (2)    all other terms used herein which are defined in
the Trust Indenture Act, either directly or by reference thereto, have the meanings assigned to them therein; 

(3)    all accounting terms not otherwise defined herein have the meanings assigned to them in accordance
with International Financial Reporting Standards as in effect from time to time (“IFRS”); 

  
 1 

 (4)    any reference to an “Article” or a
“Section” refers to an Article or Section, as the case may be, of this Indenture; 
 (5)    any
reference to a statute, rule or regulation refers to the same (including any successor statute, rule or regulation thereto) as it may be amended from time to time; and 

(6)    the words “herein,” “hereof” and “hereunder” and other words of
similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 
 “Act,” when
used with respect to any Holder, has the meaning specified in Section 104. 
 “Additional Amounts” has the meaning specified
in Section 1009. 
 “Affiliate” means, with respect to any specified Person, any other Person who directly or indirectly,
through one or more intermediaries, controls or is controlled by, or is under common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to
direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to
the foregoing. 
 “Agent Members” has the meaning specified in Clause (5) of the last paragraph of Section 304. 

“Applicable Procedures” means, with respect to any matter at any time, the policies and procedures of the Depositary, if any, that
are applicable to such matter at such time. 
 “Attributable Debt” means, with respect to any Sale/Leaseback Transaction, the
lesser of (1) the fair market value of the asset subject to such transaction and (2) the present value, discounted at a rate per annum equal to the discount rate inherent in the applicable lease, of the obligations of the lessee for net
rental payments (excluding amounts on account of maintenance and repairs, insurance, taxes, assessments and similar charges and contingent rents) during the term of the lease (as determined in good faith by the Company in accordance with IFRS). 

“Authenticating Agent” means any Person authorized by the Trustee pursuant to Section 614 to act on behalf of the Trustee to
authenticate Securities of one or more series. 
 “beneficial owner” has the meaning determined in accordance with Rule 13d-3 under the Exchange Act and the terms “beneficial ownership” and “beneficially owned” have meanings correlative to the definition of beneficial owner. 

  
 2 

 “Board of Directors” means the Board of Directors of the Company or any committee
of that board duly authorized to act for it in respect hereof. 
 “Board Resolution” means a copy of a resolution certified by the
Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors of the Company and to be in full force and effect on the date of such certification, and delivered to the Trustee. 

“Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday that is (i) not a day on which banking institutions
in New York City, London, or Mexico City generally are authorized or obligated by law, regulation or executive order to close and (ii) a day on which banks and financial institutions in Mexico are open for business with the general public.

 “Clearstream” means Clearstream Banking, société anonyme. 

“Commission” means the U.S. Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act,
or, if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under applicable law, then the body performing such duties at such time. 

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

“Company Request” or “Company Order” means a written request or order signed in the name of the Company by the Chief
Executive Officer, the Chief Financial Officer, the Treasurer, the General Counsel or any head of division of the Company, and delivered to the Trustee. 

“Consolidated Net Tangible Assets” means total consolidated assets less (i) all current liabilities, (ii) all goodwill,
(iii) all trade names, trademarks, patents and other intellectual property assets and (iv) all licenses, each as set forth on the most recent balance sheet of the Company and its consolidated Subsidiaries and computed in accordance with
IFRS. 
 “Corporate Trust Office” means (i) with respect to the Trustee, the principal office of the Trustee at which at any
particular time its corporate trust business shall be administered which office as of the date hereof (i) solely for purposes of surrender for registration of transfer or exchange or for presentation for payment or repurchase or for conversion
is located at 480 Washington Boulevard, 30th Floor, Jersey City, New Jersey, Attention: Agency & Trust – América Móvil, S.A.B. de C.V. , and (ii) for all other purposes is located at 388 Greenwich Street, New York,
New York 10013, Attention: Agency & Trust – América Móvil, S.A.B. de C.V., or such other office as the Trustee may from time to time designate in writing to the Company, and (ii) with respect to the Paying

  
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Agent, is located at Citibank, N.A., London Branch, 25 Canada Square, Canary Wharf, London E14 5LB, United Kingdom, Attention: Agency & Trust – América Móvil, S.A.B.
de C.V., or such other office as the Paying Agent may from time to time designate in writing to the Company. 
 “corporation”
means a corporation, association, company, joint-stock company or business trust. 
 “Defaulted Interest” has the meaning
specified in Section 306. 
 “Depositary” means, with respect to Securities of any series issuable in whole or in part of the
form of one or more Global Securities, any of DTC, Euroclear and Clearstream and their respective nominees and successors. 

“Dollar” and “$” mean a U.S. dollar or other equivalent unit in such coin or currency of the United States of America as
at the time shall be legal tender for the payment of public and private debts. 
 “DTC” means The Depository Trust Company, New
York. 
 “Euroclear” means Euroclear Bank S.A./N.V., as operator of the Euroclear System, and its successors. 

“Event of Default” has the meaning specified in Section 501. 

“Exchange Act” means the U.S. Securities Exchange Act of 1934 (including any successor act thereto), as it may be amended from time
to time, and (unless the context otherwise requires) includes the rules and regulations of the Commission promulgated thereunder. 

“Expiration Date” has the meaning specified in Section 104(g). 

“Global Security” means a Security that evidences all or part of the Securities of any series and is authenticated and delivered to,
and registered in the name of, the Depositary for such Securities or a nominee thereof. 
 “Government Securities” means
(i) direct obligations of the United States of America or a government, governmental agency or central bank of the country whose currency is the Security Currency, (ii) obligations the timely payment of the principal of and interest on
which is fully and unconditionally guaranteed by the United States of America or a government, governmental agency or central bank of the country whose currency is the Security Currency, and (iii) certificates, depositary receipts or other
instruments which evidence a direct ownership interest in obligations described in Clause (i) or (ii) above or in any specific principal or interest payments due in respect thereof. 

  
 4 

 “guarantee” means any obligation, contingent or otherwise, of any Person directly
or indirectly guaranteeing any Indebtedness of any other Person and 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) such Indebtedness of such other
Person (whether arising by virtue of partnership arrangements, or by agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to
maintain financial statement conditions or otherwise); or 

  

	 	(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); provided, however, that the term “guarantee” will not include endorsements for collection or deposit in the ordinary course of business. The
term “guarantee” used as a verb has a corresponding meaning. 

 “Holder” means, with respect to any
Security, a Person in whose name such Security is registered in the Register. 
 “Indebtedness” means, with respect to any Person,
any obligation, or the guarantee of any obligation, for the payment or repayment of money borrowed or otherwise evidenced by debentures, notes, bonds or similar instruments or any other obligation that would appear or be treated as indebtedness upon
a balance sheet if such Person prepared it in accordance with IFRS from time to time. 
 “Indenture” means this Indenture as
originally executed or as it may from time to time be supplemented or amended by one or more supplemental indentures hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument and any such
supplemental indenture, the provisions of the Trust Indenture Act that are deemed to be a part of and govern this instrument and any such supplemental indenture, respectively. The term “Indenture” shall also include the terms of particular
series of Securities established as contemplated by Section 301. 
 “Interest Payment Date” means, when used with respect to
any Security, the Stated Maturity of an installment of interest on such Security. 
 “Judgment Currency” has the meaning specified
in Section 1010. 
 “Lien” means any mortgage, charge, pledge, lien, hypothecation, security interest or other encumbrance,
including, without limitation, any equivalent of the foregoing created under the laws of Mexico or any other jurisdiction. 

“Maturity” means, when used with respect to any Security, the date on which the principal of such Security becomes due and payable
as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption, exercise of the repurchase right or otherwise. 

“Mexican Income Tax Law” means the Ley del Impuesto sobre la Renta. 

“Mexican Taxes” has the meaning specified in Section 1009. 

  
 5 

 “Mexico” has the meaning specified in the first paragraph of this Indenture. 

“Notice of Default” means a written notice of the kind specified in Section 501(3). 

“Officer’s Certificate” means a certificate signed by the Chief Executive Officer, the Chief Financial Officer, the General
Counsel, the Treasurer or any head of division of the Company, and delivered to the Trustee. 
 “Opinion of Counsel” means a
written opinion of counsel, who may be counsel for the Company, and who shall be reasonably acceptable to the Trustee. 

“Outstanding” means, when used with respect to Securities, as of the date of determination, all Securities theretofore authenticated
and delivered under this Indenture, except: 
 (i)    Securities theretofore canceled by the
Trustee or delivered to the Trustee for cancellation; 
 (ii)    Securities for whose payment, redemption
or repurchase money in the necessary amount has been theretofore deposited with the Trustee in trust or any Paying Agent (other than the Company) or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent)
for the Holders of such Securities; provided that, if such Securities are to be redeemed, notice of such redemption shall have been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee shall have been made;
and 
 (iii)    Securities which have been paid pursuant to Section 305 or in exchange for or in
lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held
by a protected purchaser in whose hands such Securities are valid obligations of the Company; 
 provided, however, that in determining whether the
Holders of the requisite principal amount of the Outstanding Securities have given, made or taken any request, demand, authorization, direction, notice, consent, waiver or other action hereunder as of any date, Securities owned by the Company or any
other obligor upon the Securities or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request,
demand, authorization, direction, notice, consent, waiver or other action, only Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Securities so owned which have been pledged in good faith
may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any
Affiliate of the Company or of such other obligor. 

  
 6 

 “Paying Agent” means the Person named as the “Paying Agent” in the first
paragraph of this instrument until a successor Paying Agent shall have become such pursuant to the applicable provisions of this Indenture. 

“Permitted Holder” means, at any time, any Person who, at such time, is the Holder of at least U.S.$5,000,000 in aggregate principal
amount of Securities. 
 “Person” means any individual, corporation, limited liability company, partnership, joint venture, trust,
unincorporated organization or government or any agency or political subdivision thereof. 
 “Place of Payment” means, when used
with respect to the Securities of any series and subject to Section 1002, the place or places where the principal of and any premium and interest on the Securities of that series are payable as specified as contemplated by Section 301.

 “Predecessor Security” means, with respect to any particular Security, every previous Security evidencing all or a portion of
the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 305 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security
shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
 “Redemption Date” means, when
used with respect to any Security to be redeemed, the date fixed for such redemption by or pursuant to this Indenture. 
 “Redemption
Price” means, when used with respect to any Security to be redeemed, the price at which it is to be redeemed pursuant to this Indenture as set forth in such Security. 

“Register” and “Registrar” have the respective meanings specified in Section 304. 

“Regular Record Date” means, for the interest payable on any Interest Payment Date on the Securities of any series, the date
specified for that purpose as contemplated by Section 301. 
 “Responsible Officer” means, when used with respect to the
Trustee, any officer of the Trustee with direct responsibility for the administration of this Indenture, and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his or her
knowledge of and familiarity with the particular subject. 
 “Restricted Property” means (i) any exchange and transmission
equipment, switches, cellular base stations, microcells, local links, repeaters and related facilities, whether owned as of the date of the indenture or acquired after that date, used in connection with the provision of telecommunications services
in Mexico, including any land, buildings, structures and other equipment or fixtures that constitute any such facility, owned by us or our restricted subsidiaries and (ii) any share of capital stock of any Restricted Subsidiary. 

  
 7 

 “Restricted Subsidiary” means any Subsidiary that owns Restricted Property. 

“Sale/Leaseback Transaction” means any arrangement with a bank, insurance company, or other lender or investor that provides for the
leasing by the Company or any Restricted Subsidiary for an initial term of three years or more of any Restricted Property, whether now owned or hereafter acquired, that is to be sold or transferred by the Company or any Restricted Subsidiary for a
sale price of U.S.$1,000,000 (or the equivalent thereof in other currencies) or more. 
 “Securities” has the meaning stated in
the first recital of this Indenture and more particularly means any Securities authenticated and delivered under this Indenture. 

“Securities Act” means the U.S. Securities Act of 1933 (including any successor act thereto), as it may be amended from time to
time, and (unless the context otherwise requires) includes the rules and regulations of the Commission promulgated thereunder. 

“Security Currency” has the meaning specified in Section 1010. 

“Special Record Date” means, for the payment of any Defaulted Interest, a date fixed by the Trustee pursuant to Section 306.

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

“Subsidiary” means (i) a corporation more than 50% of the combined voting power of the outstanding Voting Stock of which is
owned, directly or indirectly, by the Company or by one or more other Subsidiaries of the Company or by the Company and one or more Subsidiaries thereof or (ii) any other Person (other than a corporation) in which the Company, or one or more
other Subsidiaries of the Company or the Company and one or more other Subsidiaries thereof, directly or indirectly, has at least a majority ownership and power to direct the policies, management and affairs thereof. 

“tax” means any tax, duty, levy, impost, assessment or other governmental charge, including penalties, interest and other
liabilities related thereto, and, for the avoidance of doubt, including any withholding or deduction for or on account of tax. “Taxes” has a meaning correlative to the foregoing. 

  
 8 

 “Transfer Agent” means the Person named as the “Transfer Agent” in the
first paragraph of this instrument until a successor Transfer Agent shall have become such pursuant to the applicable provisions of this Indenture. 

“transfer” means, with respect to any Security, any sale, pledge, transfer, hypothecation or other disposition of such Security or
any interest therein. 
 “Trust Indenture Act” means the U.S. Trust Indenture Act of 1939 (including any successor act thereto),
as it may be amended from time to time, and (unless the context otherwise requires) includes the rules and regulations of the Commission thereunder. 

“Trustee” means the Person named as the “Trustee” in the first paragraph of this instrument until a successor Trustee
shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder, and if at any time there is more than one Person,
“Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect to Securities of that series. 

“UK FCA Client Money Rules” means the FCA Client Money Rules, being the rules in relation to client money issued by the Financial
Conduct Authority of the United Kingdom from time to time. 
 “United States” means the United States of America (including the
States thereof and the District of Columbia), its territories, its possessions and other areas subject to its jurisdiction. 
 “Voting
Stock” means, with respect to any Person, capital stock of or other ownership interest in such Person which ordinarily has voting power for the election of directors of (or Persons performing similar functions for) such Person, whether at all
times or only as long as no senior class of securities or other ownership interests has such voting power by reason of any contingency. For the purpose of calculating the percentage of (i) the combined voting power of the Voting Stock of any
Person that is represented by (ii) any capital stock of or other ownership interests in such Person, all capital stock of and other ownership interests in such Person that are beneficially owned by such Person will be excluded in determining
the combined voting power described in Clause (i) but will not be excluded from (if otherwise included in) the capital stock or other ownership interests described in Clause (ii). 

SECTION 102.    Compliance Certificates and Opinions. 

Upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall
furnish to the Trustee such certificates and opinions as may be reasonably required hereunder. Each such certificate or opinion shall be given in the form of an Officer’s Certificate, if to be given by an officer of the Company, or an Opinion
of Counsel if to be given by counsel, and shall comply with the requirements of the Trust Indenture Act and any other requirements set forth in this Indenture. 

  
 9 

 Every certificate or opinion with respect to compliance with a condition or covenant
provided for in this Indenture (except for certificates provided for in Section 1004) shall include: 

(1)    a statement that each individual signing such certificate or opinion has read such covenant or
condition and the definitions herein relating thereto; 
 (2)    a brief statement as to the nature and
scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

(3)    a statement that, in the opinion of each such individual, he has made such examination or
investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(4)    a statement as to whether, in the opinion of each such individual, such condition or covenant has
been complied with. 
 SECTION 103.    Form of Documents Delivered to Trustee. 

In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that
all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other
such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 
 Any
certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know,
that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are erroneous. Any such certificate or opinion of counsel may be based, insofar as it relates to factual matters, upon a
certificate or opinion of, or representations by, an officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the Company unless such counsel knows, or in the exercise of reasonable
care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 
 Where any Person is
required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 

  
 10 

 SECTION 104.    Acts of Holders; Record Dates. 

(a)    Any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this
Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing; and, except as herein otherwise expressly
provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the action embodied therein and evidenced
thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this
Indenture and (subject to Section 601) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section 104. 

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

(c)    The ownership of Securities shall be proved by the Register and the Trustee may rely on such information and shall
not be affected by notice to the contrary. 
 (d)    Any request, demand, authorization, direction, notice, consent,
waiver or other Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything
done, omitted or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 

(e)    The Company may set any day as a record date for the purpose of determining the Holders of Outstanding Securities
of any series entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken by Holders of Securities of such series;
provided that the Company may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice, declaration, request or direction referred to in the next paragraph. If any
record date is set pursuant to this paragraph, the Holders of Outstanding Securities of the relevant series on such record date, and no other Holders, shall be entitled to take the relevant action, whether or not such Holders remain Holders after
such record date; provided that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of such series on such record date.
Nothing in this paragraph shall be construed to prevent the Company from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date

  
 11 

 
previously set shall automatically and with no action by any Person be canceled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by
Holders of the requisite principal amount of Outstanding Securities of the relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Company, at its own expense, shall cause notice of
such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Trustee in writing and to each Holder of Securities of the relevant series in the manner set forth in Section 106. 

(f)    The Trustee may set any day as a record date for the purpose of determining the Holders of Outstanding Securities
of any series entitled to join in the giving or making of (i) any Notice of Default, (ii) any declaration of acceleration referred to in Section 502, (iii) any request to institute proceedings referred to in Section 507(2)
or (iv) any direction referred to in Section 512, in each case with respect to Securities of such series. If any record date is set pursuant to this paragraph, the Holders of Outstanding Securities of such series on such record date, and
no other Holders, shall be entitled to join in such notice, declaration, request or direction, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless taken on or
prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Trustee from setting a new record date for
any action (whereupon the record date previously set shall automatically and without any action by any Person be canceled and of no effect), nor shall anything in this paragraph be construed to render ineffective any action taken by Holders of the
requisite principal amount of Outstanding Securities of the relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Trustee, at the Company’s expense, shall cause notice of such
record date, the proposed action by Holders and the applicable Expiration Date to be given to the Company in writing and to each Holder of Securities of the relevant series in the manner set forth in Section 106. 

(g)    With respect to any record date set pursuant to this Section 104, the party hereto that sets such record date
may designate any day as the “Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the proposed new Expiration Date is
given to the other party hereto in writing, and to each Holder of Securities of the relevant series in the manner set forth in Section 106, on or prior to the existing Expiration Date. If an Expiration Date is not designated with respect to any
record date set pursuant to this Section 104, the party hereto that set such record date shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect thereto, subject to its right to
change the Expiration Date as provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the applicable record date. 

  
 12 

 Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder
with regard to any particular Security may do so with regard to all or any part of the principal amount of such Security or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of
such principal amount. 
 SECTION 105.    Notices, Etc., to Trustee, Paying Agent and Company. 

Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this
Indenture to be made upon, given or furnished to, or filed with: 
 (1)    the Trustee or the Paying
Agent by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing (which may be by facsimile) to or with the Trustee or the Paying Agent at its Corporate Trust Office, or 

(2)    the Company by the Trustee, the Paying Agent or by any Holder shall be sufficient for every purpose
hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the Company addressed to it at the address of its principal office specified in the first paragraph of this instrument, Attention: Chief
Financial Officer, or at any other address previously furnished in writing to the Trustee by the Company. 
 The Trustee may rely upon and
comply with instructions or directions sent by any Holder or by the Company via unsecured facsimile or email transmission and the Trustee shall not be liable for any loss, liability or expense of any kind incurred by the Company or any Holder due to
the Trustee’s reliance upon and compliance with such instructions or directions; provided, however, that such losses, liabilities or expenses have not arisen from the negligence or willful misconduct of the Trustee, it being
understood that the failure of the Trustee to verify or confirm that the person providing the instructions or directions, is, in fact, an authorized representative of the Holder or the Company does not constitute negligence or willful misconduct.

 SECTION 106.    Notice to Holders; Waiver. 

Notices to Holders of any securities that are not in the form of a Global Security shall be mailed to them by first-class by the Company or, at
the Company’s request, by the Trustee. Notices to the Holders of any Securities that are not in the form of a Global Security shall be given to the Depositary in accordance with the Applicable Procedures. 

Notices shall be deemed to have been given on the date of delivery to the depositary or mailing, as applicable. 

Any notice or communication mailed to a Holder of any Securities that are not in the form of a Global Security shall be mailed to such
Holder’s address as it appears on the Register and shall be sufficiently given if so mailed within the time prescribed. 

  
 13 

 In any case where notice to Holders is given by mail, neither the failure to mail such
notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not
the addressee receives it. 
 Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person
entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the
validity of any action taken in reliance upon such waiver. 
 In case by reason of the suspension of regular mail service or by reason of
any other cause it shall be impracticable to give such notice by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 

SECTION 107.    Conflict with Trust Indenture Act. 

Subsequent to the qualification of this Indenture under the Trust Indenture Act, if any provision hereof limits, qualifies or conflicts with a
provision of the Trust Indenture Act that is required under such Act to be a part of and govern this Indenture, the latter provision shall control. Subsequent to the qualification of this Indenture under the Trust Indenture Act, if any provision of
this Indenture modifies or excludes any provision of the Trust Indenture Act that may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or to be excluded, as the case may be. 

SECTION 108.    Effect of Headings and Table of Contents. 

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

SECTION 109.    Successors and Assigns. 

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

SECTION 110.    Separability Clause. 

In case any one or more of the provisions contained in this Indenture shall be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provisions contained in this Indenture, and to the extent and only to the extent that any such provision is invalid, illegal or unenforceable, this Indenture shall be construed as
if such provision had never been contained herein. 

  
 14 

 SECTION 111.    Counterparts. 

This Indenture may be simultaneously executed and delivered in any number of counterparts, each of which so executed and delivered shall be
deemed to be an original, and such counterparts shall together constitute but one and the same instrument. 
 SECTION
112.    Benefits of Indenture. 
 Nothing in this Indenture or in the Securities, express or implied, shall give
to any Person, other than the parties hereto and their successors hereunder and the Holders of Securities, any benefit or any legal or equitable right, remedy or claim under this Indenture. 

SECTION 113.    Governing Law; Waiver of Trial by Jury. 

THIS INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, UNITED STATES
OF AMERICA. 
 EACH PARTY HERETO (EXCEPT, FOR THE AVOIDANCE OF DOUBT, THE HOLDERS OF THE SECURITIES) HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS INDENTURE. 

SECTION 114.    Legal Holidays. 

In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Security shall not be a Business Day, then
(notwithstanding any other provision of this Indenture or of the Securities) payment of interest or principal (and premium, if any) 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 Interest Payment Date, Redemption Date or at the Stated Maturity, as the case may be; provided that no interest shall accrue for the period from and after such Interest Payment Date, Redemption Date or Stated Maturity, as the
case may be. 
 SECTION 115.    Consent to Service; Jurisdiction. 

Each party hereto agrees that any legal suit, action or proceeding arising out of or relating to this Indenture or the Securities may be
instituted in any U.S. federal or New York state court in the Borough of Manhattan, The City of New York and in the courts of its own corporate domicile, in respect of actions brought against each such party as a defendant, and each waives any
objection which it may now or hereafter have to the laying of the venue of any such legal suit, action or proceeding, waives any immunity from jurisdiction or to service of process in respect of any such suit, action or proceeding, waives any right
to which it may be entitled on account of place of residence or domicile 

  
 15 

 
and irrevocably submits to the jurisdiction of any such court in any such suit, action or proceeding. The Company hereby designates and appoints CT Corporation System, 111 Eighth Avenue, New
York, New York 10011, as its authorized agent upon which process may be served in any legal suit, action or proceeding arising out of or relating to this Indenture or the Securities which may be instituted in any U.S. federal or New York state court
in the Borough of Manhattan, The City of New York, New York, and agrees that service of process upon such agent, and written notice, or notice in any other manner permitted by applicable law, of said service to the Company by the Person
serving the same, shall be deemed in every respect effective service of process upon the Company in any such suit, action or proceeding and further designates its domicile, the domicile of CT Corporation System specified above and any domicile CT
Corporation System may have in the future as its domicile to receive any notice hereunder (including service of process). If for any reason CT Corporation System (or any successor agent for this purpose) shall cease to act as agent for service of
process as provided above, the Company shall promptly appoint a successor agent for this purpose reasonably acceptable to the Trustee. The Company agrees to take any and all actions as may be necessary to maintain such designation and appointment of
such agent in full force and effect. 
 SECTION 116.    Language of Notices, Etc. 

Any request, demand, authorization, direction, notice, consent or waiver required or permitted under this Indenture shall be in the English
language, except that any published notice may be in an official language of the country of publication. 
 ARTICLE TWO 

SECURITY FORMS 
 SECTION
201.    Forms Generally. 
 The Securities and the Trustee’s certificates of authentication shall be in
substantially the forms set forth in this Article Two or in such other form as shall be established by or pursuant to a Board Resolution or in one or more supplemental indentures hereto, in each case with such appropriate insertions, omissions,
substitutions and other variations as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any
securities exchange or Depositary thereof or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution of the Securities. If the form of Securities of any series is established by action
taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Company Order
contemplated by Section 303 for the authentication and delivery of such Securities. 

  
 16 

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

SECTION 202.    Form of Face of Security. 

[INCLUDE IF SECURITY IS A GLOBAL SECURITY — 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, WHICH MAY BE TREATED BY AMÉRICA MÓVIL, S.A.B. DE C.V., THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL
PURPOSES.] 
 [INCLUDE IF SECURITY IS A GLOBAL SECURITY AND THE DEPOSITARY IS THE DEPOSITORY TRUST COMPANY—UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”) TO AMÉRICA MÓVIL, S.A.B. DE C.V. OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IN
EXCHANGE FOR THIS CERTIFICATE OR ANY PORTION HEREOF IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & 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 OTHER THAN DTC OR A NOMINEE THEREOF IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE &
CO., HAS AN INTEREST HEREIN. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR REGISTERED SECURITIES IN DEFINITIVE REGISTERED FORM
IN THE LIMITED CIRCUMSTANCES REFERRED TO IN THE INDENTURE, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.] 
 AMÉRICA
MÓVIL, S.A.B. DE C.V. 
  
  

 

			
	 No.
	 	
	 CUSIP No.
	 	U.S.$
	 ISIN No.
	 	
		 	 

  
 17 

 América Móvil, S.A.B. de C.V. (the “Company,” which term includes
any successor Person under the Indenture hereinafter referred to), a sociedad anónima bursátil de capital variable organized and existing under the laws of the United Mexican States
(“Mexico”), for value received, hereby promises to pay to ...... ......, or registered assigns, the principal sum of ...... ...... Dollars, as revised by the Schedule of Increases and Decreases in Global Security
attached hereto on ......(unless earlier redeemed, in which case, on the applicable Redemption Date) [if the Security is to bear interest prior to Maturity, insert — , and to pay interest thereon from ......or
from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, semi-annually in arrears on ......and ......of each year, commencing on ......, at the rate of ......% per
annum, until the principal hereof is paid or made available for payment [if applicable, insert —; provided that any principal of and any premium and interest on, this Security which is overdue shall bear
interest (to the extent that payment thereof shall be legally enforceable) at the rate per annum then borne by this Security from the date such amount is due to but not including the day it is paid or made available for payment, and such overdue
interest shall be paid as provided in Section 306 of the Indenture]. 
 [If applicable, insert — Interest on the
Securities shall be computed on the basis of a 360-day year of twelve 30-day months.] [If applicable, insert — Interest on the Securities shall be
calculated on the basis of a 365-day year and 366-day year, as applicable, with the actual number of days elapsed from and including the last Interest Payment Date (or,
with respect to interest payable on the first Interest Payment Date, from the issue date of this Security) to but excluding the Interest Payment Date on which the interest payment falls due.] 

The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date shall, as provided in the Indenture, be paid
to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the ...... (whether or not a Business Day) next preceding
such Interest Payment Date. Any such interest not so punctually paid or duly provided for on any Interest Payment Date shall 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 Security (or one or more Predecessor Securities) 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 by the Trustee shall be given to Holders of
Securities 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 this Security may be listed, and
upon such notice as may be required by such exchange, all as more fully provided in the Indenture]. 

  
 18 

 [If the Security is not to bear interest prior to Maturity, insert —
The principal of this Security shall not bear interest except in the case of a default in payment of principal upon acceleration, upon redemption or at Stated Maturity and in such case the overdue principal [if applicable, insert
— and any overdue premium] shall bear interest at the rate of ......% per annum (to the extent that the payment of such interest shall be legally enforceable), from the dates such amounts are due until they are paid or made
available for payment. Interest on any overdue principal [if applicable, insert — or premium] shall be payable on demand.] 

Payment of the principal of, and premium, if any, and interest on, this Security shall be made at the Corporate Trust Office of the Paying
Agent or agency of the Company in London or the Borough of Manhattan, The City of New York, New York maintained for such purpose and at any other office or agency maintained by the Company for such purpose in such coin or currency of the United
States of America as at the time of payment is legal tender for the payment of public and private debts, against surrender of this Security in the case of any payment due at the Maturity of the principal thereof; provided, however, that at
the option of the Company, payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Register. [If applicable, insert — and; provided, further, that
all payments of the principal and interest on this Security, the Permitted Holders of which have given wire transfer instructions to the Trustee in writing, the Company or its agent at least 10 Business Days prior to the applicable payment date,
shall be required to be made by wire transfer of immediately available funds to the accounts specified by such Permitted Holders in such instructions]. [If the Security is a Global Security, then insert – Notwithstanding the
foregoing, payment of any amount payable in respect of a Global Security shall be made in accordance with the Applicable Procedures.] 

Reference is hereby made to the further provisions of this Security 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 Security 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: ...... ...... 
  

			
	AMÉRICA MÓVIL, S.A.B. de C.V.
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 19 

 SECTION 203.    Form of Reverse of Security. 

This Security is one of a duly authorized issue of securities of the Company (the “Securities”), issued and to be issued in one or
more series under an Indenture, dated as of October 1, 2018 (the “Indenture”), among the Company, Citibank, N.A., as Trustee (the “Trustee,” which term includes any successor trustee under the Indenture), Registrar and Transfer
Agent, and Citibank, N.A., London Branch, as Paying Agent, and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of
the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. The terms, conditions and provisions of this Security are those stated in the Indenture (including those made a part of the Indenture by
reference to the Trust Indenture Act). This Security is one of the series designated on the face hereof. 
 Additional securities on terms
and conditions identical to those of this Security (except for issue date, issue price and the date from which interest shall accrue and, if applicable, first be paid) may be issued by the Company without the consent of the Holders of the
Securities. The amount evidenced by such additional securities shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Securities, in which case the Schedule of Increases and Decreases in Global
Security attached hereto will be correspondingly adjusted. 
 In any case where any Interest Payment Date, Redemption Date or Stated
Maturity of any Security shall not be a Business Day, then (notwithstanding any other provision of the Indenture or of the Securities) payment of principal and premium, if any, or 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 Interest Payment Date, Redemption Date or at the Stated Maturity, as the case may be; provided that no interest shall accrue for the period from and after such Interest
Payment Date, Redemption Date or Stated Maturity, as the case may be. 
 [If applicable, insert — The Securities of
this series are subject to redemption upon not less than ......days’ nor more than ......days’ notice, at any time [if applicable, insert — on or after ......, 20...], as a whole or in part, at the
election of the Company, at the following Redemption Prices (expressed as percentages of the principal amount): If redeemed [if applicable, insert — on or before ......,...%, and if redeemed] during the 12-month period beginning ...... ......of the years indicated, 
  

													
	 Year
	  	Redemption
Price	 	  	    Year    	 	  	Redemption
Price	 
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			

  
 20 

 and thereafter at a Redemption Price equal to ...... % of the principal amount, together in the case
of any such redemption with accrued interest to the Redemption Date, but interest installments whose Stated Maturity is on or prior to such Redemption Date shall be payable to the Holders of such Securities or one or more Predecessor Securities, of
record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture.] 

[If the Security is subject to redemption of any kind, insert — In the event of redemption of this Security in part
only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof.] 

[If the Security is not an Original Issue Discount Security, insert — If an Event of Default with respect to
Securities of this series shall occur and be continuing, the principal of all of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture.] 

[If the Security is an Original Issue Discount Security, insert — If an Event of Default with respect to Securities of
this series shall occur and be continuing, an amount of principal of all of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. Such amount shall be equal to —
insert formula for determining the amount. Upon payment (i) of the amount of principal so declared due and payable and (ii) of interest on any overdue principal, premium and interest (in each case to the extent that the payment of
such interest shall be legally enforceable), all of the Company’s obligations in respect of the payment of the principal of and premium and interest, if any, on the Securities of this series shall terminate.] 

All payments of principal, premium, if any, and interest in respect of the Securities shall be made after withholding or deduction for any
present or future taxes, duties, assessments or governmental charges of whatever nature imposed, levied, collected, withheld or assessed by or on behalf of Mexico or any authority therein or thereof having power to tax (“Mexican Taxes”).
To the extent Mexican Taxes are required to be withheld or deducted from any such payment, the Company shall pay, as provided for in and subject to the exceptions set forth in the Indenture, such additional amounts as may be necessary to ensure that
the net amount actually received by the Holder after such withholding or deduction is equal to the amount that the Holder would have received had no such withholding or deduction been required. 

The Company shall pay all stamp, issue, registration, documentary or other similar duties, if any, which may be imposed by Mexico or any
governmental entity or political subdivision therein or thereof, or any taxing authority of or in any of the foregoing, with respect to the Indenture or the issuance of the Securities. 

  
 21 

 All references herein, in the Indenture, or in one or more supplemental indentures thereto
and the Securities to principal, premium, if any, interest or any other amount payable in respect of any Security shall be deemed to include all Additional Amounts, if any, payable in respect of such principal, premium, interest or other amount
payable, unless the context otherwise requires, and express mention of the payment of Additional Amounts in any provision hereof or thereof shall not be construed as excluding reference to Additional Amounts in those provisions hereof where such
express mention is not made. 
 In the event that Additional Amounts actually paid with respect to the Securities pursuant to the preceding
paragraphs are based on rates of deduction or withholding of withholding taxes in excess of the appropriate rate applicable to the Holder of such Securities, and, as a result thereof such Holder is entitled to make claim for a refund or credit of
such excess from the authority imposing such withholding tax, then such Holder shall, by accepting such Securities, be deemed to have assigned and transferred all right, title, and interest to any such claim for a refund or credit of such excess to
the Company. However, by making such assignment, the Holder makes no representation or warranty that the Company will be entitled to receive such claim for a refund or credit and incurs no other obligation with respect thereto. 

All references in the Indenture, one or more supplemental indentures thereto and the Securities to principal in respect of any Security shall
be deemed to mean and include any Redemption Price payable in respect of such Security pursuant to any redemption right hereunder (and all such references to the Stated Maturity of the principal in respect of any Security shall be deemed to mean and
include the Redemption Date with respect to any such Redemption Price), and all such references to principal, premium, interest or Additional Amounts shall be deemed to mean and include any amount payable in respect hereof pursuant to
Section 1009 of the Indenture. 
 The Company may, at its option, redeem the Securities upon not less than 30 nor more than 60
days’ notice, at any time, in whole but not in part, at a Redemption Price equal to the sum of (A) 100% of the principal amount of the Securities being redeemed, (B) any accrued and unpaid interest thereon to the Redemption Date,
(C) any premium applicable in the case of redemption prior to Maturity and (D) any Additional Amounts which would otherwise be payable thereon up to but not including the Redemption Date, solely if, as a result of any amendment to, or
change in, the laws (or any rules or regulations thereunder) of Mexico or any political subdivision or taxing authority thereof or therein affecting taxation or any amendment to or change in an official interpretation or application of such laws,
rules or regulations, which amendment to or change in such laws, rules or regulations becomes effective on or after ...... ......, the Company would be obligated, after taking such measures as the Company may consider reasonable to avoid
such requirement, to pay Additional Amounts in excess of the Additional Amounts that the Company would be obligated to pay if payments made on the Securities were subject to withholding or deduction of Mexican Taxes at the rate of 4.9%; provided,
however, that (1) no notice of redemption pursuant to this paragraph may be given earlier than 90 days prior to the earliest date on which the Company would but for such redemption be obligated to pay such Additional Amounts if a payment on
the Securities were then due and (2) at the time such notice of redemption is given, the Company’s obligation to pay such Additional Amounts remains in effect. 

  
 22 

 The Indenture permits, with certain exceptions as therein provided, the amendment thereof
and the modification of the rights and obligations of the Company, on the one hand, and the rights of the Holders of the Securities of each series, on the other hand, 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 such series. The Indenture also contains provisions (i) permitting the Holders of a majority in principal amount of the Securities at the
time Outstanding of each series to be affected under the Indenture, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture with respect to such series and
(ii) permitting the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected under the Indenture, on behalf of the Holders of all Securities of such series, to waive certain past defaults
under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of
transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 As
provided in and subject to the provisions of the Indenture, the Holder of this Security 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 Securities of this series, the Holders of not less than 25% in principal amount of the Securities 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/or security satisfactory to it, and the Trustee shall not
have received from the Holders of a majority in principal amount of Securities 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 and/or security. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or premium, if any, and/or interest hereon on or
after the respective due dates expressed herein. 
 No reference herein to the Indenture and no provision of this Security or of the
Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and premium, if any, and interest on this Security at the times, place and rate, and in the coin or currency, herein
prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth (including, without limitation, the
restrictions on transfer under Section 304 of the Indenture), the transfer of this Security is registrable in the Register, upon surrender of this Security for registration of transfer at the office of the Trustee or agency of the Company in
any place where the principal of and any premium and interest on this 

  
 23 

 
Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Registrar duly executed by, the Holder hereof or his
attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, shall be issued to the designated transferee or transferees.

 The Securities of this series are issuable only in registered form without coupons in denominations of U.S.$200,000 and integral
multiples of U.S.$1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series 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 or the Trustee 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 Security for registration of transfer, the Company, the Trustee and any agent of the Company or of the
Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security is overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 [If the Security is a Global Security, then insert — This Security is a Global Security and is subject to
the provisions of the Indenture relating to Global Securities, including the limitations in Section 304 of the Indenture on transfers and exchanges of Global Securities.] 

This Security and the Indenture shall be governed by, and construed in accordance with, the law of the State of New York. 

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

 
  

ABBREVIATIONS 
 The following
abbreviations, when used in the inscription of the face of this Security, shall be construed as though they were written out in full according to applicable law: 
  

			
	TEN COM - as tenants in common	  	UNIF GIFT MIN ACT—                         
		  	(Cust)
                                        

	TEN ENT - as tenants by the entireties	  	Custodian                          under Uniform
		  	(Minor)                                  
                                         
             
	JT TEN - as joint tenants with right	  	Gifts to Minors Act                         
	of survivorship and not as tenants in common	  	(State)
                                         
                   

  

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

  
  

 

  
 24 

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY 

The following increases or decreases in this Global Security have been made: 

 

									
	 Date of
 transfer or

exchange
	  	 Amount of

decrease in
 principal

amount of
 this Global

Security
	  	 Amount of

increase in
 principal amount

of this Global
 Security
	  	 Principal amount

of this Global
 Security

following such
 decrease or

increase
	  	 Signature of authorized
signatory of Trustee
or
Registrar

		  		  		  		  	

  
  

ARTICLE THREE 
 THE SECURITIES

 SECTION 301.    Amount Unlimited; Issuable in Series. 

The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 

The Securities may be issued in one or more series. There shall be established in or pursuant to a Board Resolution and, subject to
Section 303, set forth, or determined in the manner provided, in an Officer’s Certificate, or established in one or more supplemental indentures hereto, prior to the issuance of Securities of any series, 

(1)    the title of the Securities, including “CUSIP” and “ISIN” numbers, of the series
(which shall distinguish the Securities of the series from Securities of any other series); 

  
 25 

 (2)    any limit upon the aggregate principal amount of
the Securities of the series which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series
pursuant to Section 304, Section 305, Section 906 or Section 1105 and except for any Securities which, pursuant to Section 303, are deemed never to have been authenticated and delivered hereunder); 

(3)    the Person to whom any interest on a Security of the series shall be payable, if other than the
Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; 

(4)    the date or dates on which the principal of the Securities of the series is payable; 

(5)    the rate or rates at which the Securities of the series shall bear interest, if any, the date or
dates from which such interest shall accrue, the Interest Payment Dates on which any such interest shall be payable and the Regular Record Date for any interest payable on any Interest Payment Date; 

(6)    the place or places where the principal of and any premium and interest on Securities of the series
shall be payable and the manner in which any payment may be made; 
 (7)    the period or periods within
which, the price or prices at which and the terms and conditions upon which Securities of the series may be redeemed, in whole or in part, at the option of the Company; 

(8)    the obligation, if any, of the Company to redeem or purchase Securities of the series pursuant to
any sinking fund or analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the series shall be redeemed or purchased, in
whole or in part, pursuant to such obligation; 
 (9)    if other than denominations of U.S.$200,000 and
integral multiples of U.S.$1,000 in excess thereof, the denominations in which Securities of the series shall be issuable; 

(10)    if other than the currency of the United States of America, the currency, currencies or currency
units in which payment of the principal of and any premium and interest on any Securities of the series shall be payable and the manner of determining the equivalent thereof in the currency of the United States of America for purposes of the
definition of “Outstanding” in Section 101; 

  
 26 

 (11)    if the amount of payments of principal of or any
premium or interest on any Securities of the series may be determined with reference to an index, the manner in which such amounts shall be determined; 

(12)    if the principal of or any premium or interest on any Securities of the series is to be payable, at
the election of the Company or a Holder thereof, in one or more currencies or currency units other than that or those in which the Securities are stated to be payable, the currency, currencies or currency units in which payment of the principal of
and any premium and interest on Securities of such series as to which such election is made shall be payable, and the periods within which and the terms and conditions upon which such election is to be made; 

(13)    if other than the principal amount thereof, the portion of the principal amount of Securities of
the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502; 

(14)    the applicability, nonapplicability, or variation, of Section 1009 with respect to the
Securities of such series; 
 (15)    if and as applicable, that the Securities of the series shall be
issuable in whole or in part in the form of one or more Global Securities and, in such case, the Depositary or Depositaries for such Global Security or Global Securities and any circumstances other than those set forth in Section 304 in which
any such Global Security may be transferred to, and registered and exchanged for Securities registered in the name of, a Person other than the Depositary for such Global Security or a nominee thereof and in which any such transfer may be registered;

 (16)    the terms and conditions, if any, pursuant to which the Securities are convertible into or
exchangeable for any other securities; 
 (17)    any addition to or change in the covenants set forth in
Article Ten which applies to the Securities of the series; and 
 (18)    any other terms of the series
(which terms shall not be inconsistent with the provisions of this Indenture, except as permitted by Section 901(5)). 
 All Securities
of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in or pursuant to the Board Resolution referred to above and (subject to Section 303) set forth, or determined in the manner
provided, in the Officer’s Certificate referred to above or in any such supplemental indenture hereto. 

  
 27 

 If any of the terms of the series are established by action taken pursuant to a Board
Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officer’s Certificate setting forth the
terms of the series. 
 SECTION 302.    Denominations. 

Except as contemplated by Section 301, the Securities of each series shall be issuable only in registered form without coupons and only in
denominations of U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof. 
 SECTION 303.    Execution, Authentication,
Delivery and Dating. 
 The Securities shall be executed on behalf of the Company by any two of its Chief Executive Officer, its
Treasurer, its Chief Financial Officer, its General Counsel or any head of division. The signature of any of these officers on the Securities may be manual or facsimile. 

Securities bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the
Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities. 

At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series
executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with such Company Order shall authenticate and deliver such Securities. If
the form or terms of the Securities of the series have been established by or pursuant to one or more Board Resolutions as permitted by Section 201 and Section 301, in authenticating such Securities, and accepting the additional
responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in relying upon, an Opinion of Counsel stating: 

(1)    if the form of such Securities has been established by or pursuant to Board Resolution as permitted
by Section 201, that such form has been established in conformity with the provisions of this Indenture; 

(2)    if the terms of such Securities have been established by or pursuant to Board Resolution as
permitted by Section 301, that such terms have been established in conformity with the provisions of this Indenture; and 

(3)    that such Securities, when authenticated and delivered by the Trustee and issued by the Company in
the manner and subject to any conditions specified in such Opinion of Counsel, shall constitute valid and legally binding obligations of the Company enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles. 

  
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 If such form or terms have been so established, the Trustee shall not be required to
authenticate such Securities if, in the opinion of counsel to the Trustee, the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture. 

Notwithstanding the provisions of Section 301 and of the preceding paragraph, if all Securities of a series are not to be originally
issued at one time, it shall not be necessary to deliver the Officer’s Certificate otherwise required pursuant to Section 301 or the Company Order and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior
to the authentication of each Security of such series if such documents are delivered at or prior to the authentication upon original issuance of the first Security of such series to be issued. 

Each Security shall be dated the date of its authentication. 

No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such
Security a certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has
been duly authenticated and delivered hereunder. 
 SECTION 304.    Registration, Registration of Transfer and Exchange. 

The Company shall cause to be kept at the Corporate Trust Office of the Trustee a register (the register maintained in such office and in any
other office or agency designated pursuant to Section 1002 being herein sometimes collectively referred to as the “Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the
registration of Securities and of transfers of Securities. The Trustee is hereby appointed “Registrar” for the purpose of registering Securities and “Transfer Agent” for the purpose of transferring Securities as herein provided.
Upon surrender for registration of transfer of any Security at an office or agency of the Company designated pursuant to Section 1002 for such purpose, and subject to the other provisions of this Section 304, the Company shall execute, and
upon receipt of a Company Order, the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of any authorized denominations and of a like aggregate principal amount. In acting
hereunder and in connection with the Securities, the Registrar and the Transfer Agent shall act solely as agents of the Company, and will not thereby assume any obligations towards or relationships of agency or trust for or with any Holder. 

At the option of the Holder, and subject to the other provisions of this Section 304, Securities of any series may be exchanged for other
Securities of any same series, of any authorized denominations and of a like aggregate principal amount, upon surrender 

  
 29 

 
of the Securities to be exchanged at such office or agency. Whenever any Securities are so surrendered for exchange, and subject to the other provisions of this Section 304, the Company
shall execute, and upon receipt of a Company Order, the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. 

All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company, evidencing
the same debt, and subject to the other provisions of this Section 304, entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 

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

No service charge shall be made for any registration of transfer or exchange of Securities, but the Company or the Trustee may require payment
of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 906 or Section 1105 not involving any
transfer. 
 If the Securities of any series (or of any series and specified tenor) are to be redeemed in part, the Company shall not be
required (A) to issue, register the transfer of or exchange any Securities of that series (or of that series and specified tenor, as the case may be) during a period beginning at the opening of business 15 days before the day of the
mailing of a notice of redemption of any such Securities selected for redemption under Section 1102 and ending at the close of business on the day of such mailing, or (B) to register the transfer of or exchange any Security so selected for
redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 
 The provisions of Clauses (1), (2),
(3), (4) and (5) below shall apply only to Global Securities: 
 (1)    Each Global Security
authenticated under this Indenture shall be registered in the name of the Depositary or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefor, and each such Global Security shall constitute a single Security
for all purposes of this Indenture. 
 (2)    Notwithstanding any other provision in this Indenture or
the Securities, no Global Security may be exchanged in whole or in part for Securities registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any Person other than the Depositary or a nominee thereof
unless (A) the Depositary (i) has notified the Company that it is unwilling or unable to continue as Depositary for such Global Security and a successor Depositary is not appointed within 90 days or (ii) has ceased to be a clearing

  
 30 

 
agency registered under the Exchange Act and a successor Depositary is not appointed within 90 days, (B) there shall have occurred and be continuing an Event of Default with respect to such
Global Security or (C) a request for certificates has been made by the Company upon 60 days’ prior written notice given to the Trustee in accordance with the Depositary’s customary procedures and a copy of such notice has been
received by the Company from the Trustee. Any Global Security exchanged pursuant to Clause (A) above shall be so exchanged in whole and not in part and any Global Security exchanged pursuant to Clause (B) or (C) above may be exchanged in
whole or from time to time in part as directed by the Depositary. Any Security issued in exchange for a Global Security or any portion thereof shall be a Global Security; provided that any such Security so issued that is registered in the
name of a Person other than the Depositary or a nominee thereof shall not be a Global Security. 

(3)    Securities issued in exchange for a Global Security or any portion thereof pursuant to Clause
(2) above shall be issued in definitive, fully registered form, without interest coupons, shall have an aggregate principal amount equal to that of such Global Security or portion thereof to be so exchanged, shall be registered in such names
and be in such authorized denominations as the Depositary shall designate and shall bear any legends required hereunder. Any Global Security to be exchanged in whole shall be surrendered by the Depositary to the Trustee, as Registrar. With regard to
any Global Security to be exchanged in part, either such Global Security shall be so surrendered for exchange or, if the Trustee is acting as custodian for the Depositary or its nominee with respect to such Global Security, the principal amount
thereof shall be reduced, by an amount equal to the portion thereof to be so exchanged, by means of an appropriate adjustment made on the records of the Trustee. Upon any such surrender or adjustment and its receipt of a Company Order, the Trustee
shall authenticate and deliver the Security issuable on such exchange to or upon the order of the Depositary or an authorized representative thereof. 

(4)    In the event of the occurrence of any of the events specified in Clause (2) above, the Company
shall promptly make available to the Trustee a reasonable supply of certificated Securities in definitive, fully registered form, without interest coupons. 

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

  
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 The Trustee shall have no responsibility or obligation to any beneficial owner of a Global
Security, a member of, or a participant in, the Depositary or other Person with respect to the accuracy of the records of the Depositary or its nominee or of any participant or member thereof, with respect to any ownership interest in the Securities
or with respect to the delivery to any participant, member, beneficial owner or other Person (other than the Depositary) of any notice (including any notice of redemption or purchase) or the payment of any amount or delivery of any Securities (or
other security or property) under or with respect to such Securities. All notices and communications to be given to the Holders and all payments to be made to Holders in respect of the Securities shall be given or made only to or upon the order of
the registered Holders (which shall be the Depositary or its nominee in the case of a Global Security). The rights of beneficial owners in any Global Security shall be exercised only through the Depositary subject to the applicable rules and
procedures of the Depositary. The Trustee may rely and shall be fully protected in relying upon information furnished by the Depositary with respect to its members, participants and any beneficial owners. 

The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under
this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among the Depositary participants, members or beneficial owners in any Global Security) other than to require
delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the same to determine substantial compliance as to form with
the express requirements hereof. Neither the Trustee nor any of its agents shall have any responsibility for any actions taken or not taken by the Depositary. 

SECTION 305.    Mutilated, Destroyed, Lost and Stolen Securities. 

If any mutilated Security is surrendered to the Trustee, the Company shall execute and upon receipt of a Company Order, the Trustee shall
authenticate and deliver in exchange therefor a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any
Security and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a
protected purchaser, the Company shall execute and upon receipt of a Company Order, the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security, a new Security of the same series and of like tenor and principal
amount and bearing a number not contemporaneously outstanding. 

  
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 In case any such mutilated, destroyed, lost or stolen Security has become or is about to
become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 
 Upon the issuance of any
new Security under this Section 305, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the
Trustee) connected therewith. 
 Every new Security of any series issued pursuant to this Section 305 in lieu of any destroyed, lost or
stolen Security shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this
Indenture equally and proportionately with any and all other Securities of that series duly issued hereunder. 
 The provisions of this
Section 305 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 

SECTION 306.    Payment of Interest; Interest Rights Preserved. 

Interest on any Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the
Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest. 

Any interest on any Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date
(“Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as
provided in Clause (1) or (2) below: 
 (1)    The Company may elect to make payment of any
Defaulted Interest to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be
fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Security of such series and the date of the proposed payment, and at the same time the Company shall
deposit with the Paying Agent an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed
payment, such money when deposited with the Paying Agent to be held for the benefit of the Persons entitled to such Defaulted Interest as in this Clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such
Defaulted Interest which shall be not more than 15 days and not less than 

  
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10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the
Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each
Holder of Securities of such series at his address as it appears in the Register, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having
been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be
payable pursuant to the following Clause (2). 
 (2)    The Company may make payment of any
Defaulted Interest on the Securities of any series in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if,
after notice given by the Company to the Trustee of the proposed payment pursuant to this Clause, such manner of payment shall be deemed practicable by the Trustee. 

Subject to the foregoing provisions of this Section 306, each Security delivered under this Indenture upon registration of transfer of or
in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 

SECTION 307.    Persons Deemed Owners. 

Prior to due presentment of a Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may
treat the Person in whose name such Security is registered as the owner of such Security for the purpose of receiving payment of principal of (and premium, if any) and (subject to Section 306) interest on such Security and for all other
purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 

SECTION 308.    Cancellation. 

All Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to any Person other than the
Trustee, be delivered to the Trustee and shall be promptly canceled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any
manner whatsoever, and all Securities so delivered shall be promptly canceled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities canceled as provided in this Section 308, except as expressly
permitted by this Indenture. All canceled Securities held by the Trustee shall be disposed of in accordance with its customary procedures unless otherwise directed by a Company Order. 

  
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 SECTION 309.    Computation of Interest. 

Interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months. 
 SECTION 310.    CUSIP and ISIN Numbers. 

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

ARTICLE FOUR 
 SATISFACTION AND
DISCHARGE 
 SECTION 401.    Satisfaction and Discharge of Indenture. 

This Indenture shall cease to be of further effect (except as to any surviving rights of registration of transfer or exchange of Securities
herein expressly provided for), and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when 

(1)    either 

(A) all Securities theretofore authenticated and delivered (other than (i) Securities which have been destroyed, lost or
stolen and which have been replaced or paid as provided in Section 305 and (ii) Securities for whose payment money has theretofore been deposited with the Trustee in trust or the Paying Agent or segregated and held in trust by the Company
and thereafter repaid to the Company or discharged from such trust, as provided in Section 1003) have been delivered to the Trustee for cancellation; or 

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

(i)    have become due and payable, or 

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

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

  
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 and the Company, in the case of Clause (i), (ii) or (iii) above, has deposited or
caused to be deposited with the Trustee as trust funds in trust for the purpose funds in an amount sufficient to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal
(and premium, if any) and interest to the date of such deposit (in the case of Securities which have become due and payable) or to the Stated Maturity or Redemption Date, as the case may be; 

(2)    the Company has paid or caused to be paid all other sums payable hereunder by the Company; and 

(3)    the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel,
each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 607, the
obligations of the Trustee to any Authenticating Agent under Section 614 and, if money shall have been deposited with the Trustee pursuant to subclause (B) of Clause (1) of this Section 401, the obligations of the Trustee under
Section 402 and the last paragraph of Section 1003 shall survive such satisfaction and discharge. 
 SECTION
402.    Application of Trust Money. 
 Subject to the provisions of the last paragraph of Section 1003, all
money deposited with the Trustee pursuant to Section 401 shall be held by the Trustee in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying
Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee. All
moneys deposited with the Trustee pursuant to Section 401 (and held by it or any Paying Agent) for the payment of Securities subsequently converted shall be returned to the Company upon Company Request. 

  
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 ARTICLE FIVE 

REMEDIES 
 SECTION
501.    Events of Default. 
 “Event of Default,” wherever used herein with respect to Securities of any
series, means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order,
rule or regulation of any administrative or governmental body): 
 (1)    default by the Company in the
payment of any interest (including any Additional Amounts) upon any Security of that series when it becomes due and payable, and continuance of such default for a period of 30 days; or 

(2)    default by the Company in the payment of the principal (including any Redemption Price and any
Additional Amounts) of or premium on any Security of that series at its Maturity; or 
 (3)    default in
the performance, or breach, of any covenant of the Company in this Indenture (other than a covenant a default in whose performance or whose breach is elsewhere in this Section 501 specifically dealt with), and continuance of such default or
breach for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of that
series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 

(4)    a default or defaults under any bond, debenture, note or other evidence of indebtedness for money
borrowed of the Company, or under any mortgage, indenture, agreement or instrument under which there may be issued or borrowed or by which there may be secured or evidenced any indebtedness of the Company, whether such indebtedness now exists or
shall hereafter be created; provided that such indebtedness, individually or in the aggregate, has an aggregate principal amount then outstanding in excess of U.S.$50,000,000 (or the equivalent thereof in other currencies or currency units)
and that such default or defaults, individually or in the aggregate, (A) shall constitute a failure to pay the principal of or interest on such indebtedness (or any portion thereof having an aggregate principal amount in excess of
U.S.$50,000,000 or such equivalent thereof) when due and payable after the expiration of any applicable grace period with respect thereto or (B) shall have resulted in such indebtedness (or any portion thereof having an aggregate principal
amount in excess of U.S.$50,000,000 or such equivalent thereof) becoming or being declared due and payable prior to the date on which it would otherwise have become due and payable; or 

(5)    a final judgment or judgments (not subject to appeal) for the payment of money are entered against
the Company in an aggregate amount in excess of U.S.$50,000,000 (or the equivalent thereof in other currencies or currency units), by a court or courts of competent jurisdiction, which judgment(s) (A) are neither discharged nor bonded in full
within 30 days after the right to appeal all such judgments has expired or (B) if bonded in full within such 30-day period, cease to be fully bonded; or 

  
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 (6)    the entry by a court having jurisdiction in the
premises of (A) a decree or order for relief in respect of the Company, in an involuntary case or proceeding under any applicable bankruptcy, insolvency, suspension of payments, concurso mercantil, reorganization or other similar law, or
(B) a decree or order adjudging the Company a bankrupt or insolvent, in concurso mercantil or suspending payments, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect
of the Company under any applicable law, or appointing a custodian, receiver, liquidator, assignee, trustee, síndico, conciliador, sequestrator or other similar official of the Company or of any substantial
part of the property of the Company, or ordering the winding up or liquidation of the affairs of the Company, and the continuance of any such decree or order for relief or any such other decree or order unstayed and in effect for a period of
60 consecutive days; or 
 (7)    the commencement by the Company of a voluntary case or proceeding
under any applicable bankruptcy, insolvency, concurso mercantil, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by the Company to the entry of a decree or order
for relief in respect of the Company in an involuntary case or proceeding under any applicable bankruptcy, insolvency, concurso mercantil, suspension of payments, reorganization or other similar law or to the commencement of any bankruptcy or
insolvency case or proceeding against the Company of the Company, or the filing by the Company of a petition or answer or consent seeking reorganization or relief under any applicable law or the consent by the Company to the filing of such petition
or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, síndico, conciliador, sequestrator or similar official of the Company or of any substantial part of the
property of the Company, or the making by the Company of an assignment for the benefit of creditors, or the admission by the Company in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by the
Company in furtherance of any such action (evidenced by the adoption of a corporate resolution in favor of any such actions or an action of any of the officers of the Company that similarly binds the Company, as the case may be). 

SECTION 502.    Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default with respect to any series of Securities (other than an Event of Default specified in Section 501(6) or
Section 501(7)) occurs and is continuing, then and in every such case the Trustee shall, at the written request of the Holders of not less than 25% in principal amount of the Outstanding Securities of that series, by notice in writing to the
Company, declare the principal of all the Securities to be due and payable immediately, and upon any such declaration such principal and any accrued interest and any unpaid Additional Amounts thereon shall become immediately due and payable. If an
Event of Default specified in Section 501(6) and Section 501(7) with respect to Securities of any series at the time Outstanding occurs and is continuing, the principal and any accrued interest, together with any Additional Amounts
thereon, on all of the Securities of that series then Outstanding shall automatically, and without any declaration or other action on the part of the Trustee or any Holder, become immediately due and payable. 

  
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 At any time after such a declaration of acceleration with respect to Securities of any
series at the time Outstanding has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article Five provided, the Holders of a majority in aggregate principal amount of the
Outstanding Securities of that series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if 

(1)    the Company has paid or deposited with the Trustee a sum sufficient to pay 

(A) all overdue interest and any Additional Amounts thereon on all of the Securities of that series, 

(B) the principal of any Securities of that series which have become due otherwise than by such declaration of acceleration,

 (C) to the extent that payment of such interest is lawful, interest upon overdue interest at the rate borne by the
Securities of that series, and 
 (D) all sums paid or advanced by the Trustee hereunder and all amounts owing the Trustee
under Section 607; 
 and 

(2)    all Events of Default, other than the non-payment of the
principal of Securities which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 513. 

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

SECTION 503.    Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Company covenants that if: 

(1)    default is made in the payment of any interest (including any Additional Amounts) on any Security
when such interest becomes due and payable and such default continues for a period of 30 days, or 

(2)    default is made in the payment of the principal (including any Redemption Price) of (or premium, if
any, on) any Security at the Maturity thereof, 

  
 39 

 
the Company shall, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then due and payable on such Securities for principal and any premium
and interest, and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and premium and on any overdue interest, at the rate borne by such Securities, together with any Additional Amounts
thereon, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and all
amounts due the Trustee under Section 607. 
 If an Event of Default with respect to Securities of any series occurs and is continuing,
the Trustee may proceed to protect and enforce its rights and the rights of the Holders of that series by such appropriate judicial proceedings to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement
in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 
 SECTION
504.    Trustee May File Proofs of Claim. 
 In case of any judicial proceeding relative to the Company (or any
other obligor upon the Securities), its property or its creditors, the Trustee shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under the Trust Indenture Act in order to have
claims of the Holders and the Trustee allowed in any such proceeding. In particular, the Trustee shall be authorized to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; and any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to
the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 607. 
 No provision of this Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt
on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding;
provided, however, that the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other similar committee. 

SECTION 505.    Trustee May Enforce Claims Without Possession of Securities. 

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

  
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 SECTION 506.    Application of Money Collected. 

Any money collected by the Trustee pursuant to this Article Five shall be applied in the following order, at the date or dates fixed by the
Trustee and, in case of the distribution of such money on account of principal or any premium or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

 FIRST: To the payment of all amounts due the Trustee under Section 607; 

SECOND: To the payment of the amounts then due and unpaid for principal of and any premium and interest on the Securities in
respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and any premium and interest, respectively;
and 
 THIRD: Any remaining amounts shall be repaid to the Company. 

SECTION 507.    Limitation on Suits. 

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

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

(3)    such Holder or Holders have offered to the Trustee indemnity and/or security satisfactory to the
Trustee against the costs, expenses and liabilities to be incurred in compliance with such request; 

(4)    the Trustee for 60 days after its receipt of such notice, request and offer of indemnity and/or
security has failed to institute any such action or proceeding; and 
 (5)    no direction inconsistent
with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities of that series; 

  
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 it being understood and intended that no one or more of such Holders shall have any right in
any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or
to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all of such Holders. For the protection and enforcement of the provisions of this Section 507, each and every Holder of the
Outstanding Securities of any series and the Trustee shall be entitled, subject to Section 513, to such relief as can be given at law or in equity. 

SECTION 508.    Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert. 

Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to
receive payment of the principal of and any premium and (subject to Section 306) interest on such Security on the respective Stated Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date). 

SECTION 509.    Restoration of Rights and Remedies. 

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

SECTION 510.    Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last
paragraph of Section 305, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be
cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other appropriate right or remedy. 
 SECTION 511.    Delay or Omission Not Waiver. 

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

  
 42 

 SECTION 512.    Control by Holders. 

The Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and
place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee, with respect to the Securities of such series; provided that 

(1)    such direction shall not be in conflict with any rule of law or with this Indenture, 

(2)    the Trustee may refuse to follow any direction, subject to Section 601(d), that the Trustee
determines in good faith is unduly prejudicial to the rights of other Holders (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to the other Holders) or
would involve the Trustee in personal liability, and 
 (3)    the Trustee may take any other action
deemed proper by the Trustee which is not inconsistent with such direction. 
 SECTION 513.    Waiver of Past Defaults. 

Subject to Section 502, the Holders of not less than a majority in principal amount of the Outstanding Securities of any series may on
behalf of the Holders of all the Securities of such series waive any past default hereunder with respect to such series and its consequences, except a default 

(1)    in the payment of the principal of or any premium or interest on any Security of such series, or

 (2)    in respect of a covenant or provision hereof which under Article Nine cannot be modified or
amended without the consent of the Holder of each Outstanding Security of such series affected. 
 Upon any such waiver, such default shall
cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

SECTION 514.    Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered
or omitted by it as Trustee, a court may require any party litigant in such suit to file an undertaking to pay the costs of such suit, and may assess costs, including reasonable attorneys’ fees and expenses, against any such party litigant, in
the manner and to the extent provided in the Trust 

  
 43 

 
Indenture Act; provided that neither this Section 514 nor the Trust Indenture Act shall be deemed to authorize any court to require such an undertaking or to make such an assessment
in any suit instituted by the Company or the Trustee or to require the Company to repurchase any Security in accordance with its terms. 
 SECTION
515.    Waiver of Usury, Stay or Extension Laws. 
 The Company covenants (to the extent that it may lawfully do
so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any usury, stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants
or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power
herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

ARTICLE SIX 
 THE TRUSTEE 

SECTION 601.    Certain Duties and Responsibilities. 

(a)    Except during the continuance of an Event of Default, the Trustee undertakes to perform such duties and only such
duties as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee. 

(b)    In case an Event of Default has occurred and is continuing, the Trustee shall exercise those 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. 

(c)    Notwithstanding the foregoing, no provision of this Indenture shall require the Trustee to expend or risk its own
funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate
indemnity and/or security against such risk or liability is not assured to it. 
 (d)    No provision of this Indenture
shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(1)    this Section 601(d) shall not be construed to limit the effect of Section 601(a); 

  
 44 

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

(3)    the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in
good faith in accordance with the direction of the Holders of a majority in principal amount of the Outstanding Securities of all series with respect to which an Event of Default has occurred relating to the time, method and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to such Securities; 

(e)    Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting
the liability of or affording protection to the Trustee shall be subject to the provisions of this Section 601. 
 SECTION
602.    Notice of Defaults. 
 If a default or Event of Default occurs hereunder with respect to Securities of any
series, within 90 days of a Responsible Officer of the Trustee becoming aware of the occurrence of such default or Event of Default or written notice is received by the Trustee, the Trustee shall transmit to all of the Holders of Securities of such
series notice, with a copy to the Company, of such default or Event of Default of which the Trustee shall have been notified; provided, however, that in the case of any default or Event of Default of the character specified in
Section 501(3) with respect to Securities of such series, no such notice to Holders shall be given until at least 30 days after the occurrence thereof. For the purpose of this Section 602, the term “default” means any event
which is, or after notice or lapse of time or both would become, an Event of Default with respect to Securities of such series. 
 SECTION
603.    Certain Rights of Trustee. 
 Subject to the provisions of Section 601: 

(a)    the Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document (whether in its original or facsimile form) believed by it
to be genuine and to have been signed or presented by the proper party or parties; 
 (b)    any request or direction of
the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 

  
 45 

 (c)    whenever in the administration of this Indenture the Trustee
shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon
an Officer’s Certificate or an Opinion of Counsel; 
 (d)    the Trustee may consult with counsel of its own choice
and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

(e)    the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at
the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security and/or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it
in compliance with such request or direction; 
 (f)    the Trustee shall not be bound to make any investigation into
the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document in connection with this
Indenture, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to
examine the books, records and premises of the Company, personally or by agent or attorney and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation; 

(g)    the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by
or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; provided that the Trustee shall be required to terminate
any such agent if it has actual knowledge of any failure by such agent to perform its delegated duties; 
 (h)    the
Trustee shall not be deemed to have notice of any default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless received written notice of any event which is in fact such a default is received by a
Responsible Officer of the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities, the Company and this Indenture; 

(i)    the permissive rights of the Trustee enumerated herein shall not be construed as duties; 

(j)    the rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be
compensated and indemnified, are extended to, and shall be enforceable by, the Paying Agent and the Trustee in each of its respective capacities hereunder, including as a paying agent, Registrar, Transfer Agent, authentication agent, and each agent,
custodian and other Person employed by it to act hereunder; 

  
 46 

 (k)    the Trustee shall not be required to give any note, bond or
surety in respect of the execution of the trusts and powers under this Indenture; 
 (l)    before the Trustee acts or
refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel, or both; 

(m)    notwithstanding anything else herein contained, no provision of this Indenture shall be deemed to impose any duty
or obligation on the Trustee or the Paying Agent to take or omit to take any action, or suffer anything to exist, in the performance of its duties or obligations under this Indenture, or to exercise any right or power hereunder, to the extent that
taking or omitting to take such action, suffering such thing to exist, or exercising such right or power, would reasonably be likely to violate applicable law binding upon it. No provision of this Indenture shall be deemed to impose any duty or
obligation on the Trustee or the Paying Agent to perform any act or acts or exercise any right, power, duty or obligation conferred or imposed on it in any jurisdiction in which it shall be illegal, or in which the Trustee shall be unqualified or
incompetent in accordance with applicable law, to perform any such act or acts or to exercise any such right, power, duty or obligation, or which would render the Trustee or Paying Agent liable to any Person in any such jurisdiction or the State of
New York; 
 (n)    in no event shall the Trustee be liable for any special, indirect, punitive, incidental or
consequential loss or damage of any kind whatsoever (including, without limitation, loss of profit), even if the Trustee has been advised as to the likelihood of such loss or damage and regardless of the form of action; and 

(o)    in no event shall the Trustee be responsible or liable for any failure or delay in the performance of its
obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of
God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; provided that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to
resume performance as soon as practicable under the circumstances. 
 SECTION 604.    Not Responsible for Recitals or Issuance of
Securities. 
 Neither the Trustee nor any Authenticating Agent assume any responsibility for the correctness of the recitals contained
herein and in the Securities, except the Trustee’s certificates of authentication. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities, except that the Trustee represents that it is duly
authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of Securities or the
proceeds thereof. 

  
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 SECTION 605.    May Hold Securities. 

The Trustee, any Authenticating Agent, any Paying Agent, any Registrar or any other agent of the Company, in its individual or any other
capacity, may become the owner or pledgee of Securities and, subject to Section 608 and Section 613, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent,
Registrar or such other agent. 
 SECTION 606.    Money Held in Trust. 

Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be
under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company. 
 SECTION
607.    Compensation and Reimbursement. 
 The Company agrees 

(1)    to pay to the Trustee from time to time such compensation as shall be agreed in writing between the
parties for all services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

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

 (3)    to fully indemnify each of the Trustee and its agents, directors, employees, and officers,
including, without limitation, the Paying Agent, and any predecessor Trustee for, and to hold them harmless against, any and all losses, liabilities, damages, claims or expenses incurred without negligence or willful misconduct on its or their part
(as determined by a court of competent jurisdiction in a final, non-appealable decision), arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the
costs and expenses of defending itself against any claim (whether asserted by the Company, a Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder. 

To secure the Company’s obligation under this Section 607, the Trustee shall have a lien prior to the Securities upon all money or
property held or collected by the Trustee in its capacity as Trustee or the Paying Agent, except for such money and property which is held in trust by the Trustee or held by the Paying Agent to pay principal (and premium, if any) or interest on
particular Securities. 

  
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 When the Trustee incurs expenses or renders services in connection with an Event of Default
specified in Section 501(6) or Section 501(7), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable
Federal or State bankruptcy, insolvency or other similar law. 
 The provisions of this Section 607 shall survive the resignation or
removal of the Trustee and the termination of this Indenture. 
 SECTION 608.    Conflicting Interests. 

If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate
such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by the Trust Indenture Act, the Trustee shall not be deemed to have a
conflicting interest by virtue of being a trustee under this Indenture with respect to Securities of more than one series. 
 SECTION
609.    Corporate Trustee Required; Eligibility. 
 There shall at all times be one (and only one) Trustee
hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined
capital and surplus of at least U.S.$50,000,000 and has its Corporate Trust Office in the Borough of Manhattan, New York City. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its
supervising or examining authority, then for the purposes of this Section 609 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set
forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section 609, it shall resign immediately in
the manner and with the effect hereinafter specified in this Article Six. 
 SECTION 610.    Resignation and Removal; Appointment of
Successor. 
 No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article Six shall
become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 611. 

The Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Company. If
the instrument of acceptance by a successor Trustee required by Section 611 shall not have been delivered to the Trustee 

  
 49 

 
within 60 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee with respect
to the Securities of such series. 
 The Trustee may be removed at any time with respect to the Securities of any series by Act of the
Holders of a majority in principal amount of the Outstanding Securities of such series, delivered to the Trustee and to the Company. 
 If
at any time: 
 (1)    the Trustee shall fail to comply with Section 608 after written request
therefor by the Company or by any Holder who has been a bona fide Holder of a Security for at least six months, or 

(2)    the Trustee shall cease to be eligible under Section 609 and shall fail to resign after written
request therefor by the Company or by any such Holder, or 
 (3)    the Trustee shall become incapable of
acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation,
conservation or liquidation, 
 then, in any such case, (A) the Company by a Board Resolution may remove the Trustee with respect to
all Securities, or (B) subject to Section 514, any Holder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for
the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees. 
 If the Trustee shall
resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the Securities of one or more series, the Company, by a Board Resolution, shall promptly appoint a successor
Trustee or Trustees with respect to the Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be
only one Trustee with respect to the Securities of any particular series) and shall comply with the applicable requirements of Section 611. If, within one year days after such resignation, removal or incapability, or the occurrence of such
vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the
successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 611, become the successor Trustee with respect to the Securities of such series and to that extent
supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the Company or the Holders and accepted appointment in the manner required by

  
 50 

 
Section 611, the Trustee or any Holder who has been a bona fide Holder of a Security of such series for at least six months may, at the expense of the Company, on behalf of himself and all
others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 

The Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series and each
appointment of a successor Trustee with respect to the Securities of any series to all Holders of Securities of such series in the manner provided in Section 106. Each notice shall include the name of the successor Trustee with respect to the
Securities of such series and the address of its Corporate Trust Office. 
 SECTION 611.    Acceptance of Appointment by
Successor. 
 In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so
appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the written request of the Company or the successor Trustee, such retiring Trustee shall, upon payment
of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by
such retiring Trustee hereunder. 
 In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or
more (but not all) series, the Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver a supplemental indenture hereto wherein each successor Trustee shall accept such
appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the
Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable
to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and
(3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such
supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts
hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor
Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts 

  
 51 

 
and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any
successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment
of such successor Trustee relates. 
 Upon request of any such successor Trustee, the Company shall execute any and all instruments for more
fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in the first or second preceding paragraph, as the case may be. 

No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible
under this Article Six. 
 Notwithstanding the replacement of the Trustee pursuant to Section 610 hereof, the Company’s
obligations under Section 607 shall continue for the benefit of the retiring Trustee with respect to expenses and liabilities incurred by it for actions taken or omitted to be taken in accordance with its rights, powers and duties under this
Indenture prior to such replacement. 
 SECTION 612.    Merger, Conversion, Consolidation or Succession to Business. 

Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder; provided such
corporation shall be otherwise qualified and eligible under this Article Six, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall have been authenticated, but not
delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee
had itself authenticated such Securities. 
 SECTION 613.    Preferential Collection of Claims Against Company. 

If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Securities), the Trustee shall be subject
to the provisions of the Trust Indenture Act regarding the collection of claims against the Company (or any such other obligor). 
 SECTION
614.    Appointment of Authenticating Agent. 
 The Trustee may appoint an Authenticating Agent or Agents which
shall be authorized to act on behalf of the Trustee to authenticate Securities issued upon original issue and upon exchange, registration of transfer or partial redemption or pursuant to 

  
 52 

 
Section 306, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee
hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on
behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation
organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than
U.S.$50,000,000 and subject to supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining
authority, then for the purposes of this Section 614, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at
any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 614, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section 614. 

Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an
Authenticating Agent; provided such corporation shall be otherwise eligible under this Section 614, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent. 

An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Company. The Trustee may at any time
terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time such Authenticating
Agent shall cease to be eligible in accordance with the provisions of this Section 614, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall mail written notice of such appointment by
first-class mail, postage prepaid, to all Holders as their names and addresses appear in the Register. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its
predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section 614. 

The Company agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services under this Section 614.

  
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 If an appointment is made pursuant to this Section 614, the Securities may have annexed
thereto or endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternative certificate of authentication in the following form: 

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

 

			
	Citibank, N.A.,
	 as Trustee

		
	By:	 	  

		 	as Authenticating Agent
		
	By:	 	  

		 	Authorized Officer

 SECTION 615.    Trustee’s Application for Instructions from the Company.

 Any application by the Trustee for written instructions from the Company may, at the option of the Trustee, set forth in writing any
action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action shall be taken or such omission shall be effective. The Trustee shall not be liable for any action taken by, or omission of,
the Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than five Business Days after the date any officer of the Company actually receives such
application, unless any such officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective date in the case of an omission), the Trustee shall have received written instructions in response to
such application specifying the action to be taken or omitted. 
 ARTICLE SEVEN 

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 

SECTION 701.    Company to Furnish Trustee Names and Addresses of Holders. 

The Company shall furnish or cause to be furnished to the Trustee: 

(a)    semi-annually, not more than 15 days after each Regular Record Date with respect to each series of Securities, a
list, in such form as the Trustee may reasonably require, of the names and addresses of the Holders of Securities of such series as of such Regular Record Date, and 

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

  
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 excluding from any such list names and addresses received by the Trustee in its capacity as
Registrar. 
 SECTION 702.    Preservation of Information; Communications to Holders. 

(a)    The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders
contained in the most recent list furnished to the Trustee as provided in Section 701 and the names and addresses of Holders received by the Trustee in its capacity as Registrar. The Trustee may destroy any list furnished to it as provided in
Section 701 upon receipt of a new list so furnished. 
 (b)    The rights of Holders to communicate with other
Holders with respect to their rights under this Indenture or under the Securities, and the corresponding rights and duties of the Trustee, shall be as provided by the Trust Indenture Act. 

(c)    Every Holder of Securities, by receiving and holding the same, agrees with the Company and the Trustee that neither
the Company nor the Trustee nor any agent of either of them shall be held accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act. 

SECTION 703.    Reports by Trustee. 

Subsequent to the qualification of this Indenture under the Trust Indenture Act, 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. Subsequent to the qualification of this Indenture under the Trust Indenture Act, if
required by Section 313(a) of the Trust Indenture Act, the Trustee shall, within sixty days after each May 15 following the date of this Indenture deliver to Holders a brief report, dated as of such May 15, which complies with the
provisions of such Section 313(a). 
 A copy of each such report shall, at the time of such transmission to Holders, be filed by the
Trustee with each stock exchange upon which any Securities are listed, with the Commission and with the Company. The Company shall promptly notify the Trustee when any Securities are listed on any stock exchange. 

SECTION 704.    Reports by Company. 

The Company shall file with the Trustee and the Commission, and transmit to Holders, such information, documents and other reports, and such
summaries thereof, as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant to such Act. 

  
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 Delivery of such reports, information and documents to the Trustee is for informational
purposes only and the Trustee’s receipt thereof shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of their
respective covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 
 ARTICLE EIGHT

 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 

SECTION 801.    Company May Consolidate, Etc. Only on Certain Terms. 

The Company shall not consolidate with or merge into any other Person or, directly or indirectly, transfer, convey, sell, lease or otherwise
dispose of all or substantially all of its assets and properties and the Company shall not permit any Person to consolidate with or merge into it unless: 

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

(2)    the Person formed by such consolidation or merger or the Person which acquires by transfer,
conveyance, sale, lease or other disposition of all or substantially all of the assets and properties of the Company, if not the Company, shall (a) be organized and validly existing under the laws of Mexico or the United States of America or
any political subdivision thereof and (b) shall expressly assume by a supplemental indenture hereto executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, the due and punctual payment of the principal of and any
premium and interest on all the Securities and the performance of every covenant of this Indenture and any applicable supplemental indenture on the part of the Company to be performed or observed; and 

(3)    the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel,
each stating that such consolidation, merger, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture comply with this Article Eight and that all conditions
precedent herein provided for relating to such transaction have been complied with. 
 SECTION
802.    Successor Substituted. 
 Upon any consolidation of the Company with, or merger of the
Company into, any other Person or any conveyance, transfer or lease of all or substantially all of the assets and properties of the Company in accordance with Section 801, the successor Person formed by such consolidation or into which the
Company is merged or to which 

  
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such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such
successor Person had been named as the Company herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities. 

ARTICLE NINE 
 SUPPLEMENTAL
INDENTURES 
 SECTION 901.    Supplemental Indentures without Consent of Holders. 

Without the consent of any Holders, the Company, when authorized by a Board Resolution, and the Trustee, at any time and from time to time, may
enter into one or more supplemental indentures hereto, in form satisfactory to the Trustee, for any of the following purposes: 

(1)    to evidence the succession of another Person to the Company and the assumption by any such successor
of the covenants of the Company herein and in the Securities; or 
 (2)    to add to the covenants of the
Company for the benefit of the Holders of all or any series of Securities (and if such covenants are to be for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit of such
series) or to surrender any right or power herein conferred upon the Company; or 
 (3)    to add any
additional Events of Default for the benefit of the Holders of all or any series of Securities (and if such additional Events of Default are to be for the benefit of less than all series of Securities, stating that such additional Events of Default
are expressly being included solely for the benefit of such series); or 
 (4)    to add to or change any
of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the issuance of Securities in bearer form, registrable or not registrable as to principal, and with or without interest coupons, or to permit or
facilitate the issuance of Securities in uncertificated form; or 
 (5)    to add to, change or eliminate
any of the provisions of this Indenture in respect of one or more series of Securities; provided that any such addition, change or elimination (A) shall neither (i) apply to any Security of any series created prior to the execution
of such supplemental indenture and entitled to the benefit of such provision nor (ii) modify the rights of the Holder of any such Security with respect to such provision or (B) shall become effective only when there is no such Security
Outstanding; or 

  
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 (6)    to secure the Securities pursuant to the
requirements of Article Ten or otherwise; or 
 (7)    to establish the form or terms of Securities of
any series as permitted by Section 201 and Section 301; or 
 (8)    to evidence and provide
for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the
administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 611; or 

(9)    to modify the restrictions on the transferability of any Securities, and the procedures for resales
and other transfers of the Securities to reflect any change in applicable law (or the interpretation thereof) or to provide alternative procedures in compliance with applicable law and practices relating to the resale or other transfer of restricted
securities generally; or 
 (10)    to comply with the requirements of the Commission in connection with
qualifying this Indenture under the Trust Indenture Act; or 
 (11)    to add one or more guarantors for
the benefit of all or any series of Securities; or 
 (12)    to cure any ambiguity, to correct or
supplement any provision herein which may be defective or inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture; provided that such action pursuant to
this Clause (12) shall not adversely affect the interests of the Holders of Securities of any series in any material respect. 
 SECTION
902.    Supplemental Indentures with Consent of Holders. 
 With the consent of the Holders of
not less than a majority in principal amount of the Outstanding Securities of each series affected by such supplemental indenture, by Act of such Holders delivered to the Company and the Trustee, the Company, when authorized by a Board Resolution,
and the Trustee may enter into one or more supplemental indentures hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the
Holders of Securities of such series under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security of such series affected thereby: 

(1)    change the Stated Maturity of the principal of, or any installment of principal of or interest on,
any Security, or reduce the principal amount thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or reduce the amount of the principal of any Security that would be due

  
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and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502, or modify in any way the Company’s obligation to pay Additional Amounts pursuant to
Section 1009 or change any Place of Payment where, or the coin or currency in which, any Security or any premium or interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the
Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date), or 

(2)    reduce the percentage in principal amount of the Outstanding Securities of any series, the consent
of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for
in this Indenture, or 
 (3)    modify any of the provisions of this Section 902, Section 513
or Section 1011, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby; provided,
however, that this Clause (3) shall not be deemed to require the consent of any Holder with respect to changes in the references to “the Trustee” and concomitant changes in this Section 902 and Section 1011, or the
deletion of this proviso, in accordance with the requirements of Section 611. 
 A supplemental indenture which changes or eliminates
any covenant or other provision of this Indenture which has expressly been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such
covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series. 

It shall not be necessary for any Act of Holders under this Section 902 to approve the particular form of any proposed supplemental
indenture, but it shall be sufficient if such Act shall approve the substance thereof. 
 SECTION 903.    Execution of Supplemental
Indentures. 
 In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article Nine or
the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, in addition to the documents required under Section 102, and (subject to Section 601) shall be fully protected in relying upon, an
Officer’s Certificate and/or an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental
indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

  
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 SECTION 904.    Effect of Supplemental Indentures. 

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

SECTION 905.    Conformity with Trust Indenture Act. 

Subsequent to the qualification of this Indenture under the Trust Indenture Act, every supplemental indenture executed pursuant to this Article
Nine shall conform to the requirements of the Trust Indenture Act. 
 SECTION 906.    Reference in Securities to Supplemental
Indentures. 
 Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this
Article Nine may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series so modified as to
conform, in the opinion of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. 

ARTICLE TEN 
 COVENANTS 

SECTION 1001.    Payment of Principal, Premium and Interest. 

The Company shall duly and punctually pay the principal of and any premium and interest (together with any Additional Amounts payable thereon)
on the Securities in accordance with the terms of the Securities and this Indenture. 
 SECTION 1002.    Maintenance of Office or
Agency. 
 With respect to any Global Security, and except as otherwise may be specified for such Global Security as contemplated by
Section 301, the Corporate Trust Office of the Paying Agent in London shall be the Place of Payment where such Global Security may be presented or surrendered for payment or for registration of transfer or exchange, or where successor
Securities may be delivered in exchange therefor; provided, however, that any such payment, presentation, surrender or delivery effected pursuant to the Applicable Procedures for such Global Security shall be deemed to have been
effected at the Place of Payment for such Global Security in accordance with the provisions of this Indenture. 

  
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 With respect to any securities that are not in the form of a Global Security, the Company
shall maintain, in the Borough of Manhattan, New York City, an office or agency where Securities may be presented or surrendered for payment, where Securities may be surrendered for registration of transfer or exchange and where notices and demands
to or upon the Company in respect of the Securities and this Indenture may be served. The Company shall give prompt written notice to the Trustee 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 the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Paying Agent, and
the Company hereby appoints the Paying Agent as its agent to receive all such presentations, surrenders, notices and demands. 
 The Company
may also from time to time designate one or more other offices or agencies (in or outside the Borough of Manhattan, New York City) where the Securities of one or more series, notices and other items may be presented or surrendered for any or all
such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in the Borough of
Manhattan, New York City for such purposes. The Company shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. If at any time the Company shall fall
to maintain such office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the principal Corporate Trust Office of the Trustee, and the Company hereby
appoints the Trustee as its agent to receive such presentations, surrenders, notices and demands. 
 SECTION 1003.    Money for
Security Payments to Be Held in Trust. 
 If the Company shall at any time act as its own Paying Agent with respect to any series of
Securities, it shall, on or before each due date of the principal of or any premium or interest on any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the
principal and any premium and interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and shall promptly notify the Trustee of its action or failure so to act. 

Whenever the Company shall have one or more Paying Agents for any series of Securities, it shall, one business day prior to each due date of
the principal of or any premium or interest on any Securities of that series, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held as provided by the Trust Indenture Act, and (unless such Paying Agent is the Trustee)
the Company shall promptly notify the Trustee of its action or failure so to act. 
 The Company shall cause each Paying Agent for any
series of Securities other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section 1003, that such Paying Agent shall
(1) comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent and (2) during the continuance of any default by the 

  
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Company (or any other obligor upon the Securities of that series) in the making of any payment in respect of the Securities of that series, upon the written request of the Trustee, forthwith pay
to the Trustee all sums held by such Paying Agent for payment in respect of the Securities of that series. 
 The Company may at any time,
for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums (i) held in trust by the Company, or (ii) held by such
Paying Agent, such sums to be held by the Trustee in trust; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 

Any money deposited with the Trustee in trust or any Paying Agent, or then held by the Company in trust, for the payment of the principal of
or any premium or interest on any Security of any series and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company)
shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust
money, and all liability of the Company as trustee thereof, shall thereupon cease; 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 a newspaper published in the English language, customarily published on each Business Day and of general circulation in New York City, notice that such money remains unclaimed and that, after a date specified therein, which shall
not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining shall be repaid to the Company. 

Unless otherwise provided in or pursuant to this Indenture, the Company hereby appoints Citibank, N.A., London Branch, as the Paying Agent
hereunder. The Company authorizes and directs the Paying Agent, from the amounts paid to it, to make payment of the principal of, and interest on, the Securities on the due date for payment set forth in this Indenture and the applicable Security.

 The Paying Agent is entitled to make payments net of any taxes or other sums required to be withheld or deducted by any applicable law.
If the Paying Agent is, in respect of any payment of principal or interest in respect of the Securities, required by applicable law to withhold or deduct any amount for or on account of any taxes, duties, assessments or governmental charges, it
shall give notice of that fact to the Company as soon as it becomes aware of the obligation to withhold or deduct. The Company acknowledges and agrees that the Paying Agent may debit any amount available in any balance held for the Company and apply
such amount in satisfaction of taxes. The Paying Agent will timely pay the full amount debited or withheld to the relevant authority in accordance with applicable law. If any taxes become payable with respect to any prior credit to the Company by
the Paying Agent, the Company acknowledges that the Paying Agent may debit any balance held for it in satisfaction of such prior taxes; provided, that the Paying Agent notifies the Company as soon as it becomes aware of such taxes

  
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payable. The Company shall remain liable for any deficiency and agrees that it shall pay any such deficiency promptly upon notice from the Paying Agent or any authority. If taxes are paid by the
Paying Agent or any of its affiliates, the Company agrees that it shall promptly reimburse the Paying Agent for such payment to the extent not covered by withholding from any payment or debited from any balance held for it. 

In acting hereunder and in connection with the Securities, the Paying Agent shall act solely as agent of the Company and will not assume any
fiduciary duty or other obligation towards, or relationship of agency or trust for or with, any of the beneficial owners or Holders of the Securities. Any funds held by the Paying Agent are held as banker and not subject to the UK FCA Client Money
Rules.    In making any payment required hereunder, the Trustee or the Paying Agent (as applicable) shall not be bound to make such payment until satisfied that full payment has been received from or on behalf of the Company by
the Trustee or the Paying Agent (as applicable) in cleared funds at the Place of Payment. Upon request, the Company undertakes that it will provide to the Trustee, the Paying Agent or any other agent all documentation and other information required
by the Trustee, the Paying Agent or such other agent from time to time needed to comply with applicable law forthwith unless such documentation or information is not reasonably available or cannot be obtained or the provision of such documentation
or information or would constitute a breach of applicable law. 
 SECTION 1004.    Statement by Officers as to Default. 

The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year (which fiscal year currently ends on December
31) of the Company ending after the date hereof, an Officer’s Certificate, stating whether or not to the best knowledge of the signers thereof the Company is in default in the performance and observance of any of the terms, provisions and
conditions of this Indenture (without regard to any period of grace or requirement of notice provided hereunder) and, if the Company shall be in default, specifying all such defaults and the nature and status thereof of which they may have
knowledge. 
 The Company shall deliver to the Trustee, as soon as possible and in any event within 15 days after the Company becomes aware
that a default or an Event of Default, or an event that, with notice or the lapse of time or both, would constitute an Event of Default, as the case may be, has occurred and is continuing, an Officer’s Certificate setting forth the details of
such Event of Default or default and the action which the Company proposes to take with respect thereto. 
 SECTION 1005.    Exchange
Act Reports. 
 The Company shall file with the Trustee, within 15 days after it files the same with the Commission, copies of the
information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may by rules and regulations prescribe) which the Company is required to file with the Commission pursuant to Section 13 or 15(d) of
the Exchange Act, including its annual reports on Form 20-F and its reports on Form 6-K. In addition, the Company shall make the same information,

  
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documents and other reports available, at its expense, to Holders who so request in writing. In the event that, in the future, the Company is not required to file such information, documents or
other reports pursuant to Section 13 or 15(d) of the Exchange Act, the Company shall furnish on a reasonably prompt basis to the Trustee and Holders who so request in writing, substantially the same financial and other information that the
Company would be required to include and file in an annual report on Form 20-F and reports on Form 6-K. To the extent any Securities are issued pursuant to Rule 144A
under the Securities Act and solely with respect to such Securities, the Company agrees that if it is not subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act at any time when the Securities are “restricted
securities” within the meaning of Rule 144(a)(3) under the Securities Act, then it shall promptly furnish or cause to be furnished financial and other information described in Rule 144A(d)(4) under the Securities Act (or any successor provision
thereto) with respect to the Company to any Holder or to a prospective purchaser of any such Security who is designated by such Holder and is a qualified institutional buyer (as defined in Rule 144A), upon the request of such Holder or prospective
purchaser, to the extent required to permit such Holder to comply with Rule 144A under the Securities Act in connection with any resale of Securities held by such Holder. 

Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such
shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to
rely exclusively on Officer’s Certificates). 
 SECTION 1006.    Limitation on Liens. 

The Company shall not, and shall not permit any Restricted Subsidiary to, create, incur, issue or assume any Lien on any Restricted Property to
secure Indebtedness without, in any such case, effectively providing that the Securities (together with, if the Company shall so determine, any other Indebtedness of the Company or any Restricted Subsidiary then existing or thereafter created) shall
be secured equally with or prior to such secured Indebtedness for so long as such secured Indebtedness shall be so secured, unless, after giving effect thereto, the aggregate principal amount of all such secured Indebtedness then outstanding
(excluding Indebtedness secured by any Lien permitted under subsections (a) through (e) below) plus the aggregate amount of Attributable Debt of the Company and its Restricted Subsidiaries in respect of Sale/Leaseback Transactions then
outstanding (other than any Sale/Leaseback Transaction permitted by (i) Clause (b) of the first paragraph of Section 1008, (ii) the proviso to the first paragraph of Section 1008 or (iii) the second paragraph of
Section 1008) would not exceed an amount equal to an aggregate of 15% of Consolidated Net Tangible Assets; provided, however, that nothing contained in this Section 1006 shall prevent or restrict: 

(a)    any Lien existing on any Restricted Property on the date of acquisition thereof by the Company or any of its
Restricted Subsidiaries, or any Lien arising after such acquisition pursuant to contractual commitments entered into prior to such acquisition; 

  
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 (b)    any Lien on any Restricted Property securing Indebtedness
incurred or assumed for the purpose of financing the purchase price thereof or the cost of construction, improvement or repair of all or any part thereof; provided that such Lien attaches to such Restricted Property within 12 months after the
acquisition thereof or completion of construction, improvement or repair thereof and does not attach to any other Restricted Property; 

(c)    any Lien existing on any Restricted Property of any Restricted Subsidiary prior to the time such Restricted
Subsidiary becomes a Subsidiary of the Company, or any Lien arising after such time pursuant to contractual commitments entered into prior to and not in contemplation thereof; 

(d)    any Lien on any Restricted Property securing Indebtedness owed by a Subsidiary to the Company or to another
Subsidiary; or 
 (e)    any Lien arising out of the refinancing, extension, renewal or refunding of any Indebtedness
described in any of subsections (a) through (d) above; provided that the aggregate principal amount of such Indebtedness is not increased and such Lien does not extend to any additional Restricted Property. 

For the purposes of this Section 1006, the giving of a guarantee which is secured by a Lien on a Restricted Property, and the creation of
a Lien on a Restricted Property to secure Indebtedness which existed prior to the creation of such Lien, shall be deemed to involve the creation of Indebtedness in an amount equal to the principal amount guaranteed or secured by such Lien; but the
amount of Indebtedness secured by Liens on Restricted Properties shall be computed without cumulating the underlying Indebtedness with any guarantee thereof or Lien securing the same. 

SECTION 1007.    [Reserved]. 

SECTION 1008.    Limitation on Sale/Leaseback Transactions. 

The Company shall not, and shall not permit any Restricted Subsidiary to, enter into any Sale/Leaseback Transaction without in any such case
effectively providing that the Securities (together with, if the Company shall so determine, any other Indebtedness of the Company or any Restricted Subsidiary then existing or thereafter created) shall be secured equally and ratably with or prior
to such Sale/Leaseback Transaction, so long as such Sale/Leaseback Transaction shall be outstanding, unless, after giving effect thereto, (a) the aggregate principal amount of all Indebtedness then outstanding secured by any Lien on any
Restricted Property, which Lien does not equally and ratably secure the Securities (excluding any Indebtedness secured by any Lien permitted under subsections (a) through (e) of Section 1006) plus the aggregate amount of Attributable
Debt of the Company and its Restricted Subsidiaries in respect of Sale/Leaseback Transactions then outstanding (other than any Sale/Leaseback Transaction permitted by 

  
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(i) Clause (b) of this first paragraph of Section 1008; (ii) the proviso to this first paragraph of Section 1008; or (iii) the second paragraph of this Section 1008)
would not exceed an amount equal to 15% of Consolidated Net Tangible Assets or (b) the Company or a Restricted Subsidiary, within 12 months after such Sale/Leaseback Transaction, applies to the retirement of secured Indebtedness of the Company
or a Restricted Subsidiary permitted under Section 1006 which is not subordinate to the Securities an amount equal to the greater of (i) the net proceeds of the sale or transfer of the property or other assets that are the subject of such
Sale/Leaseback Transaction and (ii) the fair market value of the Restricted Property so leased (in each case as reasonably determined by the Company); provided, however, that nothing contained in this Section 1008 shall prevent or
restrict any Sale/Leaseback Transaction in which a Subsidiary of the Company is the lessee and the Company or another Subsidiary is the lessor of such Restricted Property. 

In addition, where the Company or any Restricted Subsidiary is the lessee in any Sale/Leaseback Transaction, Attributable Debt shall not
include any Indebtedness resulting from the guarantee by the Company or any other Restricted Subsidiary of the lessee’s obligation thereunder. 

SECTION 1009.    Payment of Additional Amounts. 

(a)    All payments of principal, premium and interest in respect of the Securities shall be made after withholding or
deduction for any present or future taxes, duties, assessments or governmental charges of whatever nature imposed, levied, collected, withheld or assessed by or on behalf of Mexico or any authority therein or thereof having power to tax
(“Mexican Taxes”). In the event of any withholding or deduction for any Mexican Taxes, the Company shall pay such additional amounts (“Additional Amounts”) as will result in receipt by the Holders of Securities on the respective
due dates of such amounts as would have been received by them had no such withholding or deduction (including for any Mexican Taxes payable in respect of Additional Amounts) been required, except that no such Additional Amounts shall be payable with
respect to any payment on a Security to the extent: 
 (i)    that any such taxes, duties, assessments or
other governmental charges are imposed solely because of (A) a connection between the Holder and Mexico other than the ownership or holding of such Security and the mere receipt of payments with respect to such Security or (B) failure by
the Holder or any other Person to comply with any certification, identification or other reporting requirement concerning the nationality, residence, identity or connection with Mexico of the Holder or any beneficial owner of such Security if
compliance is required by law, regulation or by an applicable income tax treaty to which Mexico is a party, as a precondition to exemption from, or reduction in the rate of, the tax, assessment or other governmental charge and the Company has given
the Holders at least 30 days’ notice prior to the first payment date with respect to which such certification, identification or reporting requirement is required to the effect that Holders will be required to provide such information and
identification; 

  
 66 

 (ii)    of any such taxes, duties, assessments or other
governmental charges with respect to a Security presented for payment more than 15 days after the date on which such payment became due and payable or the date on which payment thereof is duly provided for and notice thereof given to Holders,
whichever occurs later, except to the extent that the Holder of such Security would have been entitled to such Additional Amounts on presenting such Security for payment on any date during such 15-day period;

 (iii)    of any estate, inheritance, gift or other similar taxes, assessments or other governmental
charges imposed with respect to a Security; 
 (iv)    of any tax, duty, assessment or other governmental
charge payable otherwise than by deduction or withholding from payments on such Security; 
 (v)    of
any payment on a Security to a Holder that is a fiduciary or partnership or a person other than the sole beneficial owner of any such payment, to the extent that a beneficiary or settlor with respect to such fiduciary, a member of such a partnership
or the beneficial owner of such payment would not have been entitled to the Additional Amounts had such beneficiary, settlor, member or beneficial owner been the Holder of such Security; and 

(vi)    any combination of the items in Clauses (i) through (v) above. 

For purposes of the provisions described in Clause (i) above, the term “Holder” of any Security means the direct nominee of any
beneficial owner of such Security, which holds such beneficial owner’s interest in such Security. Notwithstanding the foregoing, the limitations on the Company’s obligation to pay Additional Amounts set forth in Clause (i)(B) above shall
not apply if (a) the provision of information, documentation or other evidence described in such Clause (i)(B) would be materially more onerous, in form, in procedure or in the substance of information disclosed, to a Holder or beneficial owner
of a Security (taking into account any relevant differences between U.S. and Mexican law, regulation or administrative practice) than comparable information or other reporting requirements imposed under U.S. tax law (including the United States -
Mexico Income Tax Treaty), regulations (including proposed regulations) and administrative practice or (b) Article 166, Section II, subsection (a) of the Mexican Income Tax Law (or any substantially similar successor provision, whether
included in any law or regulation) is in effect, unless (1) the provision of the information, documentation or other evidence described in such Clause (i)(B) is expressly required by laws and regulations in order to apply Article 166, Section
II, subsection (a) of the Mexican Income Tax Law (or any substantially similar successor provision, whether included in any law or regulation), (2) the Company cannot obtain such information, documentation or other evidence on its own through
reasonable diligence and (3) the Company, as applicable, otherwise would meet the requirements for application of Article 166, Section II, subsection (a) of the Mexican Income Tax Law (or any substantially similar successor provision,
whether included in any law or regulation). In addition, such Clause (i)(B) shall not be construed 

  
 67 

 
to require that a non-Mexican pension or retirement fund or a non-Mexican financial institution or any other Person
register with the Ministry of Finance and Public Credit for the purpose of establishing eligibility for an exemption from or reduction of Mexican withholding tax. 

The Company shall remit the full amount of any Mexican Taxes withheld to the applicable Mexican authorities in accordance with applicable law.
The Company shall also provide the Trustee with the constancia or other relevant documentation, if any (which may consist of certified copies of such documentation), satisfactory to the Trustee evidencing the payment of Mexican Taxes in
respect of which the Company has paid any Additional Amounts. Copies of such documentation shall be made available to the Holders of the Securities or the Paying Agent, as applicable, upon request therefor. 

In respect of the Securities issued hereunder, at least 10 days’ prior to the first date of payment of interest on the Securities
and at least 10 days’ prior to each date, if any, of payment of principal or interest thereafter if there has been any change with respect to the matters set forth in the below-mentioned Officer’s Certificate, the Company shall
furnish the Trustee and each Paying Agent with an Officer’s Certificate instructing the Trustee and such Paying Agent as to whether such payment of principal of or any interest on such Securities shall be made without deduction or withholding
for or on account of any tax, duty, assessment or other governmental charge. If any such deduction or withholding shall be required by Mexico or under the federal laws of the United States, then such certificate shall specify, by country, the
amount, if any, required to be deducted or withheld on such payment to Holders of such Securities, and the Company shall pay or cause to be paid to the Trustee or such Paying Agent Additional Amounts, if any, required by this Section 1009. The
Company agrees to indemnify the Trustee and each Paying Agent for, and to hold them harmless against, any loss, liability or expense incurred without negligence, bad faith or willful misconduct on their part arising out of or in connection with
actions taken or omitted by them in reliance on any Officer’s Certificate furnished pursuant to this Section 1009. 

(b)    The Company shall pay all stamp, issue, registration, documentary or other similar duties, if any, which may be
imposed by Mexico or any other governmental entity or political subdivision therein or thereof, or any taxing authority of or in any of the foregoing, with respect to this Indenture or the issuance of the Securities. 

(c)    The Company shall provide each Paying Agent and any withholding agent under relevant tax regulations with copies of
each certificate received by the Company from a Holder of a Security pursuant to the text of such Security. Each such Paying Agent and withholding agent shall retain each such certificate received by it for as long as any Security is outstanding and
in no event for less than four years after its receipt, and for such additional period thereafter, as set forth in an Officer’s Certificate, as such certificate may become material in the administration of applicable tax laws. 

(d)    In the event that Additional Amounts actually paid with respect to the Securities pursuant to the preceding
paragraphs are based on rates of deduction or withholding of withholding taxes in excess of the appropriate rate applicable to the 

  
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Holder of such Securities, and, as a result thereof such Holder is entitled to make claim for a refund or credit of such excess from the authority imposing such withholding tax, then such Holder
shall, by accepting such Securities, be deemed to have assigned and transferred all right, title, and interest to any such claim for a refund or credit of such excess to the Company. However, by making such assignment, the Holder makes no
representation or warranty that the Company shall be entitled to receive such claim for a refund or credit and incurs no other obligation with respect thereto. 

(e)    All references in this Indenture, one or more supplemental indentures hereto and the Securities to principal,
premium, if any, interest or any other amount payable in respect of any Security shall be deemed to include all Additional Amounts, if any, payable in respect of such principal, premium, interest or other amount payable, unless the context otherwise
requires, and express mention of the payment of Additional Amounts in any provision hereof shall not be construed as excluding reference to Additional Amounts in those provisions hereof where such express mention is not made. All references in this
Indenture, one or more supplemental indentures thereto and the Securities to principal in respect of any Security shall be deemed to mean and include any Redemption Price payable in respect of such Security pursuant to any redemption right hereunder
(and all such references to the Stated Maturity of the principal in respect of any Security shall be deemed to mean and include the Redemption Date with respect to any such Redemption Price), and all such references to principal, premium, interest
or Additional Amounts shall be deemed to mean and include any amount payable in respect hereof pursuant to this Section 1009. 
 SECTION
1010.    Indemnification of Judgment Currency. 
 The Company shall indemnify the Trustee and any Holder of a
Security against any loss incurred by the Trustee or such Holder, as the case may be, as a result of any judgment or order being given or made for any amount due under this Indenture or such Security and being expressed and paid in a currency (the
“Judgment Currency”) other than Dollars or such other currency in which such Security is denominated (the “Security Currency”), and as a result of any variation between (i) the rate of exchange at which the Security Currency
amount is converted into the Judgment Currency for the purpose of such judgment or order and (ii) the spot rate of exchange in New York City at which the Trustee or such Holder, as the case may be, on the date of payment of such judgment or
order is able to purchase the Security Currency with the amount of the Judgment Currency actually received by the Trustee or such Holder. Notwithstanding the preceding sentence of this Section 1010, in the event that the amount of the Security
Currency purchased by any Holder as a result of such indemnification exceeds the amount originally to be paid to such Holder, such Holder shall reimburse such excess to the Company. The foregoing indemnity shall constitute a separate and independent
obligation of the Company and shall continue in full force and effect notwithstanding any such judgment or order as aforesaid. The term “spot rate of exchange” shall include any premiums and costs of exchange payable in connection with the
purchase of, or conversion into, the Security Currency. 

  
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 SECTION 1011.    Waiver of Certain Covenants. 

Except as otherwise specified as contemplated by Section 301 for Securities of such series, the Company may, with respect to the
Securities of any series, omit in any particular instance to comply with any term, provision or condition set forth in any covenant provided pursuant to Section 301(18), Section 901(2) or Section 901(7) for the benefit of the Holders
of such series or in Section 1006 or Section 1007, if before the time for such compliance the Holders of at least a majority in principal amount of the Outstanding Securities of such series shall, by Act of such Holders, either waive such
compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall
become effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect. 

SECTION 1012.    Calculation of Original Issue Discount. 

If the Securities of a series are issued with original issue discount for U.S. federal income tax purposes, the Company shall file with the
Trustee promptly at the end of each calendar year (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods), if any, accrued on Outstanding Securities as of the end of such year and
(ii) such other specific information relating to such original issue discount, if any, as may then be relevant under the U.S. Internal Revenue Code of 1986, as amended from time to time. 

ARTICLE ELEVEN 
 REDEMPTION OF
SECURITIES 
 SECTION 1101.    Right of Redemption. 

(a)    The Securities of any series which are redeemable before their Stated Maturity may not be redeemed at the election
of the Company except in accordance with their terms and (except as otherwise specified as contemplated by Section 301 for such Securities) in accordance with the provisions of this Article Eleven. 

(b)    The election of the Company to redeem any Securities shall be evidenced by a Board Resolution. In case of any
redemption at the election of the Company of less than all the Securities of any series, the Company shall, at least 45 days prior to the Redemption Date fixed by the Company, notify the Trustee of such Redemption Date, of the principal amount of
Securities of such series to be redeemed and, if applicable, of the tenor of the Securities to be redeemed. 

(c)    If, as a result of any amendment to, or change in, the laws (or any rules or regulation thereunder) of Mexico or
any political subdivision or taxing authority thereof or therein affecting taxation or any amendment to or change in an official interpretation or application of such laws, rules or regulations, which amendment to or

  
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change of such laws, rules or regulations becomes effective on or after the date of issuance of the Securities of any series, the Company would be obligated, after taking such measures as the
Company may consider reasonable to avoid such requirement, to pay Additional Amounts in respect of interest payments on the Securities of such series pursuant to the terms and conditions thereof in excess of those attributable to the Mexican
withholding tax on the basis of a statutory rate of 4.9% imposed on interest payments with respect to such series of Securities, then, at the Company’s option, the Securities of such series may be redeemed in whole, but not in part, at any
time, on giving not less than 30 nor more than 60 days’ notice to the Trustee and the Holders of such Securities, at a Redemption Price equal to 100% of the principal amount thereof and any premium applicable thereto, together with accrued
interest up to but not including the Redemption Date and any Additional Amounts which would otherwise be payable; provided, however, that (1) no notice of such redemption may be given earlier than 90 days prior to the earliest date
on which the Company would but for such redemption be obligated to pay such Additional Amounts were a payment on such Securities then due, and (2) at the time such notice is given, such obligation to pay such Additional Amounts remains in
effect. 
 (d)    Before any notice of redemption pursuant to Section 1101(c) is given to the Trustee or the
Holders of Securities of the relevant series, the Company shall deliver to the Trustee (i) an Officer’s Certificate stating that the Company is entitled to effect such redemption and setting forth a statement of facts showing that the
condition or conditions precedent to the right of the Company so to redeem have occurred or been satisfied and (ii) an Opinion of Counsel from Mexican legal counsel (which may be the Company’s outside counsel) of recognized standing to the
effect that the Company has or shall become obligated to pay such Additional Amounts as a result of such change or amendment. Such notice, once given to the Holders, shall be irrevocable. 

SECTION 1102.    Notice of Redemption. 

Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 30 nor more than 60 days prior to the
Redemption Date, to each Holder of Securities to be redeemed, at his address appearing in the Register. 
 All notices of redemption shall
state: 
 (1)    the Redemption Date, 

(2)    the Redemption Price and amount of accrued interest, if any, 

(3)    that on the Redemption Date the Redemption Price and any accrued interest shall become due and
payable upon each Security to be redeemed and that interest thereon shall cease to accrue on and after said date, 

(4)    the place or places where such Securities are to be surrendered for payment of the Redemption Price
and any accrued interest, and 

  
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 (5)    applicable “CUSIP” and “ISIN”
numbers. 
 Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the
Company’s request, by the Trustee in the name and at the expense of the Company, and such notice, when given to the Holders, shall be irrevocable. 

SECTION 1103.    Deposit of Redemption Price. 

On the Business Day prior to any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is
acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on,
all the Securities which are to be redeemed on that date other than any Securities called for redemption on that date which have been converted prior to the date of such deposit. 

If any Security called for redemption is converted, any money deposited with the Trustee or with any Paying Agent or so segregated and held in
trust (if held by the Trustee) for the redemption of such Security shall (subject to any right of the Holder of such Security or any Predecessor Security to receive interest as provided in the last paragraph of Section 306) be paid to the
Company upon Company Request or, if then held by the Company, shall be discharged from such trust. 
 SECTION 1104.    Securities
Payable on Redemption Date. 
 Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the
Redemption Date, become due and payable at the Redemption Price herein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear
interest. Upon surrender of any such Security for redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, 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 as such at the close of business on the relevant Record Dates
according to their terms and the provisions of Section 306. 
 If any Security called for redemption shall not be so paid upon
surrender thereof for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Security. 
 SECTION
1105.    Securities Redeemed in Part. 
 Any Security which is to be redeemed only in part shall be surrendered at
a Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the 

  
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Trustee duly executed by the Holder thereof or his attorney duly authorized in writing), and the Company shall execute, and upon receipt of a Company Order, the Trustee shall authenticate and
deliver to the Holder of such Security without service charge, a new Security or Securities of the same series and of like tenor, of any authorized denomination as requested by such Holder, in aggregate principal amount equal to and in exchange for
the unredeemed portion of the principal of the Security so surrendered. 
 ARTICLE TWELVE 

LEGAL DEFEASANCE AND COVENANT DEFEASANCE 

SECTION 1201.    Applicability of Article; Company’s Option to Effect Legal Defeasance or Covenant Defeasance.

 If pursuant to Section 303 provision is made for either or both of (a) legal defeasance of the Securities of a series under
Section 1202 or (b) covenant defeasance of the Securities of a series under Section 1203 to apply to Securities of any series, then the provisions of such Section or Sections, as the case may be, together with the other provisions of
this Article Twelve, shall be applicable to the Securities of such series, and the Company may at its option, at any time, with respect to the Securities of such series, elect to have either Section 1202 (if applicable) or Section 1203 (if
applicable) be applied to the Outstanding Securities of such series upon compliance with the conditions set forth below in Section 1204. 
 SECTION
1202.    Legal Defeasance and Discharge. 
 Upon the Company’s exercise of the above option applicable to
this Section 1202, the Company shall be deemed to have been discharged from its obligations with respect to the Outstanding Securities of such series on the date the conditions set forth below are satisfied (hereinafter, “legal
defeasance”). 
 For this purpose, such legal defeasance means that the Company shall be deemed to have paid and discharged the entire
indebtedness represented by the Outstanding Securities of such series and to have satisfied all its other obligations under such Securities and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense of the Company,
shall execute proper instruments acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder: 

(a)    the rights of Holders of Outstanding Securities of such series to receive, solely from the trust fund described in
Section 1204 and as more fully set forth in such Section, payments in respect of the principal of and interest on and Additional Amounts, if any, with respect to, such Securities when such payments are due; 

(b)    the Company’s obligations with respect to such Securities under Section 304, Section 305,
Section 607, Section 1002, Section 1003 and Section 1009 (but only to the extent that any Additional Amounts payable exceed the amount deposited in respect of such Additional Amounts pursuant to Section 1204); 

  
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 (c)    the rights, powers, trusts, duties and immunities and other
provisions in respect of the Trustee hereunder; and 
 (d)    this Article Twelve. 

Subject to compliance with this Article Twelve, the Company may exercise its option under this Section 1202 notwithstanding the prior exercise of its
option under Section 1203 with respect to the Securities of such series. 
 SECTION 1203.    Covenant Defeasance. 

Upon the Company’s exercise of the above option applicable to this Section 1203, the Company shall be released from its obligations
under Sections 801, Section 1004, Section 1102, Section 501(3) (as to Sections 801 and Section 1004), Section 501(6) and Section 501(7) with respect to the Outstanding Securities of such series on and after the date the
conditions set forth below are satisfied (hereinafter, “covenant defeasance”). 
 For this purpose, such covenant
defeasance means that, with respect to the Outstanding Securities of such series, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such Section, whether directly or
indirectly by reason of any reference elsewhere herein to any such Section or by reason of any reference in any such Section to any other provision herein or in any other document, but the remainder of this Indenture and such Securities shall be
unaffected thereby. Following a covenant defeasance, payment of the Securities of such series may not be accelerated because of an Event of Default specified above in this Section 1203. 

SECTION 1204.    Conditions to Defeasance or Covenant Defeasance. 

The following shall be the conditions to application of either Section 1202 or Section 1203 to the Outstanding Securities of such
series. 
 (a)    The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another
trustee satisfying the requirements of Section 609 who shall agree to comply with the provisions of this Article Twelve applicable to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as security
for, and dedicated solely to, the benefit of the Holders of such Securities, (A) an amount in the Security Currency, or (B) Government Securities which through the scheduled payment of principal and interest in respect thereof in
accordance with their terms will provide, within two weeks of the due date of any payment, money in an amount, or (C) a combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed
in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or other qualifying trustee) to pay and discharge, the principal of and each

  
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installment of interest on the Outstanding Securities of such series on the Stated Maturity of such principal or interest in accordance with the terms of this Indenture and of such Securities.
Before such a deposit, the Company may make arrangements satisfactory to the Trustee for the redemption of any series of Securities at a future date in accordance with any redemption provisions relating to such series, which shall be given effect in
applying the foregoing. 
 (b)    No event which is, or which with notice or lapse of time or both would become, an
Event of Default with respect to the Securities of such series shall have occurred and be continuing on the date of such deposit. 

(c)    Such legal defeasance or covenant defeasance shall not cause the Trustee for the Securities of such series to have
a conflicting interest for purposes of the Trust Indenture Act with respect to any Securities of the Company. 

(d)    Such legal defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a default
under, this Indenture or any other agreement or instrument to which the Company is a party or by which it is bound. 

(e)    Such legal defeasance or covenant defeasance shall not cause any Securities of such series then listed on any
registered national securities exchange under the Exchange Act to be deleted. 
 (f)    In the case of an election under
Section 1202, the Company shall have delivered to the Trustee an Opinion of Counsel stating 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 such opinion shall confirm that, the beneficial owners of the Outstanding Securities of such series 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. 
 (g)    In the case of an election under Section 1203, the Company shall have
delivered to the Trustee an Opinion of Counsel to the effect that the beneficial owners of the Outstanding Securities of such series 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. 

(h)    Such legal defeasance or covenant defeasance shall be effected in compliance with any additional terms, conditions
or limitations which may be imposed on the Company in connection therewith pursuant to Section 301. 
 (i)    The
Company shall have delivered to the Trustee an Officer’s Certificate or an Opinion of Counsel, stating that all conditions precedent provided for in the Indenture relating to either the legal defeasance under Section 1202 or the covenant
defeasance under or Section 1203 (as the case may be) have been complied with. 

  
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 SECTION 1205.    Deposited Money and Government Securities to be Held in Trust; Other
Miscellaneous Provisions. 
 Subject to the provisions of the last two paragraphs of Section 1003, all money and Government
Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively, for purposes of this Section 1205, the “Trustee”) pursuant to Section 1204 in respect of the Outstanding
Securities of such series shall be held by the Trustee in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any Paying Agent (but not including the
Company acting as its own Paying Agent) as the Trustee may determine, to the Holders of such Securities, of all sums due and to become due thereon in respect of principal and interest and Additional Amounts, if any, but such money need not be
segregated from other funds except to the extent required by law. 
 The Company shall pay and indemnify the Trustee against any tax, fee or
other charge imposed on or assessed against the Government Securities deposited pursuant to Section 1204 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of
the Holders of the Outstanding Securities of such series. 
 Anything in this Article Twelve to the contrary notwithstanding, the Trustee
shall deliver or pay to the Company from time to time upon Company Request any money or Government Securities held by it as provided in Section 1204 which, in the opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect an equivalent defeasance or covenant defeasance. 

SECTION 1206.    Reinstatement. 

If the Trustee or any Paying Agent is unable to apply any money or Government Securities in accordance with Section 1204 by reason of any
legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under this Indenture and the Securities of a series shall
be revived and reinstated as though no deposit had occurred pursuant to Section 1204, until such time as the Trustee or such Paying Agent is permitted to apply all such money or Government Securities in accordance with Section 1204;
provided that, if the Company has made any payment of principal of or interest on the Securities of such series because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of the Securities of
such series to receive such payment from the money or Government Securities held by the Trustee or such Paying Agent. 

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

			
	AMÉRICA MÓVIL, S.A.B. DE C.V.,
       as the Company
		
	By:	 	 /s/ Carlos José García Moreno Elizondo

		 	Name: Carlos José García Moreno Elizondo
		 	Title:   Chief Financial Officer
		
	By:	 	 /s/ Alejandro Cantú Jiménez

		 	Name: Alejandro Cantú Jiménez
		 	Title:   General Counsel
	
	 CITIBANK, N.A.,

       as Trustee, Registrar and Transfer Agent

		
	By:	 	 /s/ James Polcari

		 	Name: James Polcari
		 	Title:   Senior Trust Officer
	
	 CITIBANK, N.A., LONDON BRANCH,

       as Paying Agent

		
	By:	 	 /s/ Beth Kuhn

		 	Name: Beth Kuhn
		 	Title:   Vice President

  
 77

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