Document:

EX-4.1

 Exhibit 4.1 
  

 
 CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 

We hereby consent to the incorporation by reference in the Registration Statement on Form F-10 of Green Growth Brands
Inc. (the “Registration Statement”) of our report dated September 13, 2018 relating to the audited consolidated financial statements of Xanthic Biopharma Inc. for the year ended June 30, 2018 and related notes. We also consent to
the reference to us under the heading “Experts” in the offer to purchase and takeover bid circular dated January 22, 2019 made by Green Growth Brands Inc. to the holders of Aphria Shares, which is part of the Registration Statement.

 (signed) “MNP LLP” 
 MNP LLP 

January 22, 2019EX-4.2

 Exhibit 4.2 
  

 
 CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 

We hereby consent to the incorporation by reference in the Registration Statement on Form F-10 of Green Growth Brands
Inc. (the “Registration Statement”) of our report dated September 26, 2018 relating to the audited consolidated financial statements for the period from commencement of operations on February 14, 2018 to July 31, 2018 and
related notes. We also consent to the reference to us under the heading “Experts” in the offer to purchase and takeover bid circular dated January 22, 2019 made by Green Growth Brands Inc. to the holder of Aphria Shares, which is part
of the Registration Statement. 
 (signed) “MNP SENCRL, srl” 

MNP SENCRL, srl 
 Montreal, Quebec 

January 22, 2019EX-4.3

 Exhibit 4.3 

CONSENT OF NORTON ROSE FULBRIGHT CANADA LLP 

TO: The Directors of the Offeror 
 We hereby consent to the
reference to our opinion contained under “Certain Canadian Federal Income Tax Considerations” in the Circular accompanying the Offer to Purchase dated January 22, 2019 made by the Offeror to the holders of Aphria Shares. 

DATED: January 22, 2019 
 (signed) “NORTON ROSE
FULBRIGHT CANADA LLP”Exhibit 4.2

 

FIRST HORIZON NATIONAL CORPORATION

TO

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

INDENTURE

DATED AS OF _____________

SUBORDINATED 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

	Section 310	(a)(1)	 	609
	 	(a)(2)	 	609
	 	(a)(3)	 	Not Applicable
	 	(a)(4)	 	Not Applicable
	 	(b)	 	608
	 	 	 	610
	Section 311	(a)	 	613
	 	(b)	 	613
	Section 312	(a)	 	701
	 	(b)	 	702
	 	(c)	 	702
	Section 313	(a)	 	703
	 	(b)	 	703
	 	(c)	 	703
	 	(d)	 	703
	Section 314	(a)	 	704
	 	(a)(4)	 	101
	 	 	 	1004
	 	(b)	 	Not Applicable
	 	(c)(1)	 	102
	 	(c)(2)	 	102
	 	(c)(3)	 	Not Applicable
	 	(d)	 	Not Applicable
	 	(e)	 	102
	Section 315	(a)	 	601
	 	(b)	 	602
	 	(c)	 	601
	 	(d)	 	601
	 	(e)	 	514
	Section 316	(a)	 	101
	 	(a)(1)(A)	 	502
	 	 	 	512
	 	(a)(1)(B)	 	513
	 	(a)(2)	 	Not Applicable
	 	(b)	 	508
	 	(c)	 	104
	Section 317	(a)(1)	 	503
	 	(a)(2)	 	504
	 	(b)	 	1003
	Section 318	(a)	 	107

 

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

    	-i-

    	

    

TABLE OF CONTENTS

 

	 	 	Page
	 	ARTICLE ONE	 	 
	 	 	 	 
	 	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	 	 
	 	 	 	 
	SECTION 101.	Definitions	1	 
	 	 	 	 
	SECTION 102.	Compliance Certificates and Opinions	7	 
	 	 	 	 
	SECTION 103.	Form of Documents Delivered to Trustee	7	 
	 	 	 	 
	SECTION 104.	Acts of Holders; Record Dates	7	 
	 	 	 	 
	SECTION 105.	Notices, Etc., to Trustee and Company	9	 
	 	 	 	 
	SECTION 106.	Notice to Holders; Waiver	9	 
	 	 	 	 
	SECTION 107.	Conflict with Trust Indenture Act	10	 
	 	 	 	 
	SECTION 108.	Effect of Headings and Table of Contents	10	 
	 	 	 	 
	SECTION 109.	Successors and Assigns	10	 
	 	 	 	 
	SECTION 110.	Separability Clause	10	 
	 	 	 	 
	SECTION 111.	Benefits of Indenture	10	 
	 	 	 	 
	SECTION 112.	Governing Law	10	 
	 	 	 	 
	SECTION 113.	Legal Holidays	10	 
	 	 	 	 
	SECTION 114.	Force Majeure	11	 
	 	 	 	 
	 	ARTICLE TWO	 	 
	 	 	 	 
	 	SECURITY FORMS	 	 
	 	 	 	 
	SECTION 201.	Forms Generally	11	 
	 	 	 	 
	SECTION 202.	Form of Face of Security	11	 
	 	 	 	 
	SECTION 203.	Form of Reverse of Security	13	 
	 	 	 	 
	SECTION 204.	Form of Legend for Global Securities in Global Form	16	 
	 	 	 	 
	SECTION 205.	Form of Trustee’s Certificate of Authentication	17	 
	 	 	 	 
	 	ARTICLE THREE	 	 
	 	 	 	 
	 	THE SECURITIES	 	 
	 	 	 	 
	SECTION 301.	Amount Unlimited; Issuable in Series	17	 
	 	 	 	 
	SECTION 302.	Denominations	19	 
	 	 	 	 
	SECTION 303.	Execution, Authentication, Delivery and Dating	19	 
	 	 	 	 
	SECTION 304.	Temporary Securities	20	 
	 	 	 	 
	SECTION 305.	Registration, Registration of Transfer and Exchange	21	 
	 	 	 	 
	SECTION 306.	Mutilated, Destroyed, Lost and Stolen Securities	22	 
	 	 	 	 
	SECTION 307.	Payment of Interest; Interest Rights Preserved	22	 
	 	 	 	 
	SECTION 308.	Persons Deemed Owners	23	 
	 	 	 	 
	SECTION 309.	Cancellation	23	 

    	-ii-

    	

    

	 	 	Page
	SECTION 310.	Computation of Interest	24	 
	 	 	 	 
	SECTION 311.	CUSIP Numbers	24	 
	 	 	 	 
	 	ARTICLE FOUR	 	 
	 	 	 	 
	 	SATISFACTION AND DISCHARGE	 	 
	 	 	 	 
	SECTION 401.	Satisfaction and Discharge of Indenture	24	 
	 	 	 	 
	SECTION 402.	Application of Trust Money	25	 
	 	 	 	 
	 	ARTICLE FIVE	 	 
	 	 	 	 
	 	REMEDIES	 	 
	 	 	 	 
	SECTION 501.	Events of Default	25	 
	 	 	 	 
	SECTION 502.	Acceleration of Maturity; Rescission and Annulment	26	 
	 	 	 	 
	SECTION 503.	Collection of Indebtedness and Suits for Enforcement by Trustee	26	 
	 	 	 	 
	SECTION 504.	Trustee May File Proofs of Claim	27	 
	 	 	 	 
	SECTION 505.	Trustee May Enforce Claims Without Possession of Securities	28	 
	 	 	 	 
	SECTION 506.	Application of Money Collected	28	 
	 	 	 	 
	SECTION 507.	Limitation on Suits	28	 
	 	 	 	 
	SECTION 508.	Unconditional Right of Holders to Receive Principal, Premium and Interest or to Convert	29	 
	 	 	 	 
	SECTION 509.	Restoration of Rights and Remedies	29	 
	 	 	 	 
	SECTION 510.	Rights and Remedies Cumulative	29	 
	 	 	 	 
	SECTION 511.	Delay or Omission Not Waiver	29	 
	 	 	 	 
	SECTION 512.	Control by Holders	29	 
	 	 	 	 
	SECTION 513.	Waiver of Past Defaults	29	 
	 	 	 	 
	SECTION 514.	Undertaking for Costs	30	 
	 	 	 	 
	SECTION 515.	Waiver of Usury, Stay or Extension Laws	30	 
	 	 	 	 
	 	ARTICLE SIX	 	 
	 	 	 	 
	 	THE TRUSTEE	 	 
	 	 	 	 
	SECTION 601.	Certain Duties and Responsibilities	30	 
	 	 	 	 
	SECTION 602.	Notice of Defaults	31	 
	 	 	 	 
	SECTION 603.	Certain Rights of Trustee	31	 
	 	 	 	 
	SECTION 604.	Not Responsible for Recitals or Issuance of Securities	32	 
	 	 	 	 
	SECTION 605.	May Hold Securities	32	 
	 	 	 	 
	SECTION 606.	Money Held in Trust	32	 
	 	 	 	 
	SECTION 607.	Compensation and Reimbursement	32	 
	 	 	 	 
	SECTION 608.	Conflicting Interests	33	 
	 	 	 	 
	SECTION 609.	Corporate Trustee Required; Eligibility	33	 
	 	 	 	 
	SECTION 610.	Resignation and Removal; Appointment of Successor	33	 

    	-iii-

    	

    

	 	 	Page
	SECTION 611.	Acceptance of Appointment by Successor	34	 
	 	 	 	 
	SECTION 612.	Merger, Conversion, Consolidation or Succession to Business	35	 
	 	 	 	 
	SECTION 613.	Preferential Collection of Claims Against Company	35	 
	 	 	 	 
	SECTION 614.	Appointment of Authenticating Agent	35	 
	 	 	 	 
	 	ARTICLE SEVEN	 	 
	 	 	 	 
	 	HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	 	 
	 	 	 	 
	SECTION 701.	Company to Furnish Trustee Names and Addresses of Holders	36	 
	 	 	 	 
	SECTION 702.	Preservation of Information; Communications to Holders	37	 
	 	 	 	 
	SECTION 703.	Reports by Trustee	37	 
	 	 	 	 
	SECTION 704.	Reports by Company	37	 
	 	 	 	 
	 	ARTICLE EIGHT	 	 
	 	 	 	 
	 	CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE	 	 
	 	 	 	 
	SECTION 801.	Company May Consolidate, Etc., Only on Certain Terms	37	 
	 	 	 	 
	SECTION 802.	Successor Substituted	38	 
	 	 	 	 
	 	ARTICLE Nine	 	 
	 	 	 	 
	 	SUPPLEMENTAL INDENTURES	 	 
	 	 	 	 
	SECTION 901.	Supplemental Indentures Without Consent of Holders	38	 
	 	 	 	 
	SECTION 902.	Supplemental Indentures With Consent of Holders	39	 
	 	 	 	 
	SECTION 903.	Execution of Supplemental Indentures	40	 
	 	 	 	 
	SECTION 904.	Effect of Supplemental Indentures	40	 
	 	 	 	 
	SECTION 905.	Conformity with Trust Indenture Act	40	 
	 	 	 	 
	SECTION 906.	Reference in Securities to Supplemental Indentures	40	 
	 	 	 	 
	SECTION 907.	Subordination Unimpaired	41	 
	 	 	 	 
	 	ARTICLE TEN	 	 
	 	 	 	 
	 	COVENANTS	 	 
	 	 	 	 
	SECTION 1001.	Payment of Principal, Premium and Interest	41	 
	 	 	 	 
	SECTION 1002.	Maintenance of Office or Agency	41	 
	 	 	 	 
	SECTION 1003.	Money for Securities Payments to Be Held in Trust	41	 
	 	 	 	 
	SECTION 1004.	Statement by Officers as to Default	42	 
	 	 	 	 
	SECTION 1005.	Waiver of Certain Covenants	42	 
	 	 	 	 
	 	ARTICLE ELEVEN	 	 
	 	 	 	 
	 	REDEMPTION OF SECURITIES	 	 
	 	 	 	 
	SECTION 1101.	Applicability of Article	42	 
	 	 	 	 
	SECTION 1102.	Election to Redeem; Notice to Trustee	43	 
	 	 	 	 
	SECTION 1103.	Selection by Trustee of Securities to Be Redeemed	43	 
	 	 	 	 
	SECTION 1104.	Notice of Redemption	43	 

    	-iv-

    	

    

	 	 	Page
	SECTION 1105.	Deposit of Redemption Price	44	 
	 	 	 	 
	SECTION 1106.	Securities Payable on Redemption Date	44	 
	 	 	 	 
	SECTION 1107.	Securities Redeemed in Part	45	 
	 	 	 	 
	 	ARTICLE TWELVE	 	 
	 	 	 	 
	 	SINKING FUNDS	 	 
	 	 	 	 
	SECTION 1201.	Applicability of Article	45	 
	 	 	 	 
	SECTION 1202.	Satisfaction of Sinking Fund Payments with Securities	45	 
	 	 	 	 
	SECTION 1203.	Redemption of Securities for Sinking Fund	45	 
	 	 	 	 
	 	ARTICLE THIRTEEN	 	 
	 	 	 	 
	 	DEFEASANCE AND COVENANT DEFEASANCE	 	 
	 	 	 	 
	SECTION 1301.	Company’s Option to Effect Defeasance or Covenant Defeasance	46	 
	 	 	 	 
	SECTION 1302.	Defeasance and Discharge	46	 
	 	 	 	 
	SECTION 1303.	Covenant Defeasance	46	 
	 	 	 	 
	SECTION 1304.	Conditions to Defeasance or Covenant Defeasance	46	 
	 	 	 	 
	SECTION 1305.	Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions	48	 
	 	 	 	 
	SECTION 1306.	Reinstatement	49	 
	 	 	 	 
	 	ARTICLE FOURTEEN	 	 
	 	 	 	 
	 	SUBORDINATION OF SECURITIES	 	 
	 	 	 	 
	SECTION 1401.	Securities Subordinate to Senior Indebtedness	49	 
	 	 	 	 
	SECTION 1402.	Payment Over of Proceeds Upon Dissolution, Etc.	49	 
	 	 	 	 
	SECTION 1403.	Prior Payment to Senior Indebtedness Upon Acceleration of Securities	50	 
	 	 	 	 
	SECTION 1404.	No Payment When Senior Indebtedness in Default	50	 
	 	 	 	 
	SECTION 1405.	Payment Permitted in Certain Situations	51	 
	 	 	 	 
	SECTION 1406.	Subrogation to Rights of Holders of Senior Indebtedness	51	 
	 	 	 	 
	SECTION 1407.	Provisions Solely to Define Relative Rights	51	 
	 	 	 	 
	SECTION 1408.	Trustee to Effectuate Subordination	51	 
	 	 	 	 
	SECTION 1409.	No Waiver of Subordination Provisions	52	 
	 	 	 	 
	SECTION 1410.	Notice to Trustee	52	 
	 	 	 	 
	SECTION 1411.	Reliance on Judicial Order or Certificate of Liquidating Agent	52	 
	 	 	 	 
	SECTION 1412.	Trustee Not Fiduciary for Holders of Senior Indebtedness or Entitled Persons	53	 
	 	 	 	 
	SECTION 1413.	Rights of Trustee as Holder of Senior Indebtedness or Entitled Person; Preservation of Trustee’s Rights	53	 
	 	 	 	 
	SECTION 1414.	Article Applicable to Paying Agents	53	 
	 	 	 	 
	SECTION 1415.	Securities to Rank Pari Passu with all other Securities	53	 
	 	 	 	 
	SECTION 1416.	Certain Conversions Deemed Payment	54	 

    	-v-

    	

    

	 	 	Page
	 	ARTICLE FIFTEEN	 	 
	 	 	 	 
	 	CONVERSION OF SECURITIES	 	 
	 	 	 	 
	SECTION 1501.	Applicability of Article	55	 
	 	 	 	 
	SECTION 1502.	Conversion Privilege and Conversion Price	55	 
	 	 	 	 
	SECTION 1503.	Exercise of Conversion Privilege	55	 
	 	 	 	 
	SECTION 1504.	Fractions of Shares	56	 
	 	 	 	 
	SECTION 1505.	Adjustment of Conversion Price	56	 
	 	 	 	 
	SECTION 1506.	Notice of Adjustments of Conversion Price	58	 
	 	 	 	 
	SECTION 1507.	Notice of Certain Corporate Action	58	 
	 	 	 	 
	SECTION 1508.	Company to Reserve Common Stock	58	 
	 	 	 	 
	SECTION 1509.	Taxes on Conversions	58	 
	 	 	 	 
	SECTION 1510.	Covenant as to Common Stock	59	 
	 	 	 	 
	SECTION 1511.	Cancellation of Converted Securities	59	 
	 	 	 	 
	SECTION 1512.	Provisions in Case of Consolidation, Merger or Sale of Assets	59	 
	 	 	 	 
	SECTION 1513.	Responsibility of Trustee	59	 

 

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

    	-vi-

    	

    

INDENTURE, dated as of [•], between First Horizon National
Corporation, a corporation duly organized and existing under the laws of the State of Tennessee (herein called the “Company”),
having its principal office at 165 Madison Avenue, Memphis, Tennessee 38103, and The Bank of New York Mellon Trust Company, N.A.,
a national banking association duly organized and existing under the laws of the United States of America, as Trustee (herein called
the “Trustee”).

 

RECITALS OF THE COMPANY

 

The Company has duly authorized the execution and delivery of
this Indenture to provide for the issuance from time to time of its unsecured debentures, notes or other evidences of indebtedness
(herein called 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 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 any series thereof, the holders of Senior Indebtedness (as hereinafter defined) and Entitled Person in respect of Other Financial
Obligations (each as hereinafter defined) 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 have the meanings assigned
to them in this Article and include the plural as well as the singular;

 

(2) all other terms used herein which are defined in the Trust
Indenture Act, either directly or by reference therein, have the meanings assigned to them therein;

 

(3) all accounting terms not otherwise defined herein have the
meanings assigned to them in accordance with generally accepted accounting principles, and, except as otherwise herein expressly
provided, the term “generally accepted accounting principles” with respect to any computation required or permitted
hereunder shall mean such accounting principles as are generally accepted in the United States of America at the date of such computation;

 

(4) unless the context otherwise requires, any reference to
an “Article” or a “Section” refers to an Article or a Section, as the case may be, of this Indenture;

 

(5) 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; and

 

(6) reference to any gender includes the other gender.

 

“Act”, when used with respect to any Holder, has
the meaning specified in Section 104.

 

“Affiliate” of any specified Person means any other
Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person.
For the purposes of this definition,

    	II-1

    	

    

“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.

 

“Applicable Procedures” of a Depositary means, with
respect to any matter at any time, the policies and procedures of such Depositary, if any, that are applicable to such matter at
such time.

 

“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.

 

“Bank” means (i) any institution which accepts deposits
that the depositor has a legal right to withdraw on demand and engages in the business of making commercial loans, and (ii) any
trust company.

 

“Board of Directors” means either the board of directors
of the Company, or any duly authorized committee of that board, or any committee of one or more officers of the Company authorized
by the Board of Directors to issue Securities.

 

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

 

“Business Day”, when used with respect to any Place
of Payment, means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New
York, New York or that Place of Payment are authorized or obligated by law or executive order to close.

 

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

 

“Common Stock” includes any stock of any class of
the Company which has no preference in respect of dividends or of amounts payable in the event of any voluntary or involuntary
liquidation, dissolution or winding-up of the Company and which is not subject to redemption by the Company. However, subject to
the provisions of Section 1512, shares issuable on conversion of Securities shall include only shares of the class designated as
Common Stock of the Company at the date of this instrument or shares of any class or classes resulting from any reclassification
or reclassifications thereof and which have no preference in respect of dividends or of amounts payable in the event of any voluntary
or involuntary liquidation, dissolution or winding-up of the Company and which are not subject to redemption by the Company; provided
that if at any time there shall be more than one such resulting class, the shares of each such class then so issuable shall
be substantially in the proportion which the total number of shares of such class resulting from all such reclassifications bears
to the total number of shares of all such classes resulting from all such reclassifications.

 

“Company” means the Person named as the “Company”
in the first paragraph of this instrument 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 its Chief Executive Officer, its Chief Financial Officer,
the Chairman of the Board (if at that time the person holding that title is an officer of the Company), its President or a Vice
President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to the Trustee.

 

“Corporate Trust Office” means the principal office
of the Trustee at which at any time its corporate trust business shall be administered, which office at the date hereof is located
at 2 North LaSalle Street, Suite 1020, Chicago, IL 60602, Attention: Corporate Trust Administration, or such other address as the
Trustee may designate from time to time by notice to the Holders and the Company, or the principal corporate trust office of

    	II-2

    	

    

any successor Trustee (or such other address as such successor
Trustee may designate from time to time by notice to the Holders and the Company).

 

“corporation” means a corporation, association,
company, including, without limitation, a limited liability company, joint-stock company or business trust.

 

“Covenant Defeasance” has the meaning specified
in Section 1303.

 

“Default” has the meaning specified in Section 503.

 

“Defaulted Interest” has the meaning specified in
Section 307.

 

“Defeasance” has the meaning specified in Section
1302.

 

“Depositary” means, with respect to Securities of
any series issuable in whole or in part in the form of one or more Global Securities, a clearing agency registered under the Exchange
Act that is designated to act as Depositary for such Securities as contemplated by Section 301.

 

“Entitled Person” means any Person entitled to payment
in respect of an “Other Financial Obligations.”

 

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

 

“Excess Proceeds” has the meaning set forth in Section
1415(c).

 

“Exchange Act” means the Securities Exchange Act
of 1934 and any statute successor thereto, in each case as amended from time to time.

 

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

 

“Final Conversion Date”, when used with respect
to Securities of any series, means the last day on which such Security shall be convertible into Common Stock.

 

“Foreign Government Obligations” has the meaning
specified in Section 1304.

 

“Global Security” means a Security that evidences
all or part of the Securities of any series and bears the legend set forth in Section 204 (or such legend as may be specified as
contemplated by Section 301 for such Securities).

 

“Holder” means a Person in whose name a Security
is registered in the Security Register.

 

“Indenture” means this instrument as originally
executed and as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into
pursuant to the applicable provisions hereof, 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.

 

“Initial Conversion Date”, when used with respect
to the Securities of any series, means the first day on which such Security shall be convertible into Common Stock.

 

“Initial Conversion Price”, when used with respect
to the Securities of any series, means the price at which the Common Stock shall be delivered upon conversion of such Security,
prior to any adjustment of such price as provided herein.

    	II-3

    	

    

“Interest”, when used with respect to an Original
Issue Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity.

 

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

 

“Investment Company Act” means the Investment Company
Act of 1940 and any statute successor thereto, in each case as amended from time to time.

 

“Junior Subordinated Indebtedness”, unless otherwise
determined with respect to any series of Securities pursuant to Section 301, means the principal of (and premium, if any) and interest
on all indebtedness of the Company (including indebtedness of others guaranteed by the Company), whether outstanding on the date
of this Indenture or thereafter created, incurred or assumed, as to which in the instrument creating or evidencing any such indebtedness
or pursuant to which the same is outstanding it is provided that such indebtedness is subordinate and junior in right of payment
to the Securities.

 

“Maturity”, when used with respect to any Security,
means the date on which the principal of, or an installment of 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 or otherwise.

 

“Notice of Default” means a written notice of the
kind specified in subparagraph (C) of the definition of Default.

 

“Officers’ Certificate” means a certificate
signed by the Chief Executive Officer, the Chief Financial Officer, the Chairman of the Board (if at that time the person holding
that title is an officer of the Company), the President or a Vice President, and by the Treasurer, an Assistant Treasurer, the
Secretary or an Assistant Secretary, of the Company, and delivered to the Trustee. One of the officers signing an Officers’
Certificate given pursuant to Section 1004 shall be the principal executive, financial or accounting officer of the Company.

 

“Opinion of Counsel” means a written opinion, reasonably
acceptable to the Trustee, of counsel, who may be counsel for the Company.

 

“Original Issue Discount Security” means any Security
which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of
the Maturity thereof pursuant to Section 502.

 

“Other Financial Obligations” means, unless otherwise
determined with respect to any series of Securities pursuant to Section 301, (a) obligations of the Company under direct credit
substitutes, (b) obligations of, or any such obligation directly or indirectly guaranteed by, the Company for purchased money or
funds, (c) any deferred obligation of, or any such obligation directly or indirectly guaranteed by, the Company incurred in connection
with the acquisition of any business, properties or assets not evidenced by a note or similar instrument given in connection therewith,
and (d) all obligations of the Company to make payment pursuant to the terms of financial instruments such as (i) securities contracts
and foreign currency exchange contracts, (ii) derivative instruments, such as swap agreements (including interest rate and foreign
exchange rate swap agreements), cap agreements, floor agreements, collar agreements, interest rate agreements, foreign exchange
rate agreements, options, commodity futures contracts and commodity options contracts and (iii) financial instruments similar to
those set forth in (d)(i) or (d)(ii) above; provided, however, that Other Financial Obligations shall not include
(A) obligations on account of Senior Indebtedness and (B) obligations on account of indebtedness for money borrowed ranking pari
passu with or subordinate to the Securities, including Junior Subordinated Indebtedness.

 

“Outstanding”, when used with respect to Securities,
means, as of the date of determination, all Securities theretofore authenticated and delivered under this Indenture, except:

    	II-4

    	

    

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

 

(2) Securities for whose payment or redemption money in the
necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside
and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Securities; provided
that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision
therefor satisfactory to the Trustee has been made;

 

(3) Securities as to which Defeasance has been effected pursuant
to Section 1302; and

 

(4) Securities which have been paid pursuant to Section 306
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 bona fide 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, (A) the principal
amount of an Original Issue Discount Security which shall be deemed to be Outstanding shall be the amount of the principal thereof
which would be due and payable as of such date upon acceleration of the Maturity thereof to such date pursuant to Section 502,
(B) if, as of such date, the principal amount payable at the Stated Maturity of a Security is not determinable, the principal amount
of such Security which shall be deemed to be Outstanding shall be the amount as specified or determined as contemplated by Section
301, (C) the principal amount of a Security denominated in one or more foreign currencies, currency units or composite currencies
which shall be deemed to be Outstanding shall be the U.S. dollar equivalent, determined as of such date in the manner provided
as contemplated by Section 301, of the principal amount of such Security (or, in the case of a Security described in Clause (A)
or (B) above, of the amount determined as provided in such Clause), and (D) Securities owned by the Company or any other obligor
upon the Securities or any Affiliate of the Company or of such other obligor, other than securities held in trust or in a fiduciary
capacity, 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 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.

 

“Paying Agent” means any Person authorized by the
Company to pay the principal of or any premium or interest on any Securities on behalf of the Company.

 

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

 

“Place of Payment”, when used with respect to the
Securities of any series, means 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” of any particular Security
means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and,
for the purposes of this definition, any Security authenticated and delivered under Section 306 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”, when used with respect to any
Security to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture.

    	II-5

    	

    

“Redemption Price”, when used with respect to any
Security to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture.

 

“Regular Record Date” for the interest payable on
any Interest Payment Date on the Securities of any series means the date specified for that purpose as contemplated by Section
301.

 

“Responsible Officer”, when used with respect to
the Trustee, means any vice president, any trust officer or assistant trust officer, or any other officer of the Trustee customarily
performing functions similar to those performed by any of the above designated officers and who shall have direct responsibility
for the administration of this indenture and also means, with respect to a particular corporate trust matter, any other officer
to whom such matter is referred because of his knowledge of and familiarity with the particular subject.

 

“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 Securities Act of 1933
and any statute successor thereto, in each case as amended from time to time.

 

“Security Register” and “Security Registrar”
have the respective meanings specified in Section 305.

 

“Senior Indebtedness”, unless otherwise determined
with respect to any series of Securities pursuant to Section 301, means the principal of (and premium, if any) and interest on
(a) all indebtedness of the Company (including indebtedness of others guaranteed by the Company) whether outstanding on the date
of this Indenture or thereafter created, incurred or assumed, other than the Securities and Junior Subordinated Indebtedness, which
is (i) for money borrowed or (ii) evidenced by a note or similar instrument given in connection with the acquisition of any businesses,
properties or assets of any kind, and (b) amendments, renewals, extensions, modifications or refundings of any such indebtedness,
unless in any case in the instrument creating or evidencing any such indebtedness or pursuant to which the same is outstanding
it is provided that such indebtedness is not superior in right of payment to the Securities or is to rank pari passu with
or subordinate to the Securities. The Securities shall rank superior in right of payment to Junior Subordinated Indebtedness.

 

“Special Record Date” for the payment of any Defaulted
Interest means a date fixed by the Trustee pursuant to Section 307.

 

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

 

“Subsidiary” means, with respect to any Person,
a corporation more than 50% of the outstanding voting stock of which is owned, directly or indirectly, by such Person or by one
or more other Subsidiaries of such Person, or by such Person and one or more other Subsidiaries of such Person. For the purposes
of this definition, “voting stock” means stock which ordinarily has voting power for the election of directors, whether
at all times or only so long as no senior class of stock has such voting power by reason of any contingency.

 

“Trust Indenture Act” means the Trust Indenture
Act of 1939 as in force at the date as of which this instrument was executed; provided, however, that in the event the Trust Indenture
Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment,
the Trust Indenture Act of 1939 as so amended.

 

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

    	II-6

    	

    

“U.S. Government Obligation” has the meaning specified
in Section 1304.

 

“Vice President”, when used with respect to the
Company or the Trustee, means any vice president, whether or not designated by a number or a word or words added before or after
the title “vice president”.

 

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 required under the Trust Indenture Act. Each such certificate or opinion shall be given in the form of an Officers’
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 requirement set forth in this Indenture.

 

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.

 

SECTION 104. Acts of Holders; Record Dates.

 

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 may be embodied in and evidenced
by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in

    	II-7

    	

    

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.

 

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, or may be proved in such other manner as shall be deemed sufficient by the Trustee. 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.

 

The ownership of Securities shall be proved by the Security
Register.

 

Without limiting the generality of the foregoing, a Holder,
including a Depositary that is a Holder of a Global Security, may make, give or take, by proxy or proxies, duly appointed in writing,
any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted in this Indenture
to be made, given or taken by Holders, and a Depositary that is a Holder of a Global Security may provide its proxy or proxies
to the beneficial owners of interests in any such Global Security.

 

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.

 

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 previously set shall automatically and with no action by any Person
be cancelled 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 or prior to 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.

 

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

    	II-8

    	

    

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 for which a record date has previously been set pursuant to this paragraph (whereupon the record
date previously set shall automatically and with no action by any Person be cancelled 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 or prior to 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.

 

With respect to any record date set pursuant to this Section,
the party hereto which 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, the party hereto which 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.

 

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 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 by any Holder or by the Company shall be sufficient
for every purpose hereunder if made, given, furnished or filed in writing to or with the Trustee at its Corporate Trust Office,
Attention: Corporate Trust Administration; or

 

(2) the Company by the Trustee 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 or at
any other address previously furnished in writing to the Trustee by the Company. The Company or the Trustee by written notice to
the other may designate additional or different addresses for subsequent notices or communications.

 

The Trustee agrees to accept and act upon instructions or directions
pursuant to this Indenture sent by unsecured e-mail, pdf, facsimile transmission or other similar unsecured electronic methods;
provided, however, that the Trustee shall have received an incumbency certificate listing persons designated to give such instructions
or directions and containing specimen signatures of such designated persons, which such incumbency certificate shall be amended
and replaced whenever a person is to be added or deleted from the listing. If the Company elects to give the Trustee e-mail or
facsimile instructions (or instructions by a similar electronic method) and the Trustee in its discretion elects to act upon such
instructions, the Trustee’s understanding of such instructions shall be deemed controlling. The Trustee shall not be liable
for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such
instructions. The Company agrees to assume all risks arising out of the use of such electronic methods to submit instructions and
directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk
or interception and misuse by third parties.

 

SECTION 106. Notice to Holders; Waiver.

    	II-9

    	

    

Where this Indenture provides for notice to Holders of any event,
such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage
prepaid, to each Holder affected by such event, at his address as it appears in the Security Register or provided through the Applicable
Procedures of the Depositary, not later than the latest date (if any), and not earlier than the earliest date (if any), prescribed
for the giving of such notice. 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. 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.

 

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

 

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

 

SECTION 111. 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, the holders of Senior Indebtedness and
the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture.

 

SECTION 112. Governing Law.

 

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

 

SECTION 113. Legal Holidays.

 

In any case where any Interest Payment Date, Redemption Date
or Stated Maturity of any Security or the last date on which a Holder has the right to convert his Securities shall not be a Business
Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or of the Securities (other than a provision
of any Security which specifically states that such provision shall apply in lieu of this Section)) payment of interest or principal
(and premium, if any) or conversion of the Securities need not be made at such Place of Payment on such date, but may

    	II-10

    	

    

be made on the next succeeding Business Day at such Place of
Payment with the same force and effect as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity; provided
that no interest shall accrue as a result of such delay.

 

SECTION 114. Force Majeure.

 

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

 

ARTICLE Two

 

SECURITY FORMS

 

SECTION 201. Forms Generally.

 

The Securities of each series shall be in substantially the
form set forth in this Article, or in such other form as shall be established from time to time by or pursuant to a Board Resolution
or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other
variations as are required or permitted by this Indenture or any indentures supplemental hereto and may have such letters, numbers
or other marks of identification or designation and such legends or endorsements placed thereon as the Company may deem appropriate
or as may be required to comply with the rules of any securities exchange or Depositary therefor or as may, consistently herewith,
be determined by the officers executing such Securities, as evidenced by their execution thereof. 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.

 

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.

 

[Insert any legend required by the Internal Revenue Code and
the regulations thereunder.] THIS NOTE IS NOT A DEPOSIT AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY
OTHER GOVERNMENTAL AGENCY.

    	II-11

    	

    

FIRST HORIZON NATIONAL CORPORATION

 

	No. _________	$_________

 

First Horizon National Corporation, a corporation duly organized
and existing under the laws of Tennessee (herein called the “Company”, which term includes any successor Person under
the Indenture hereinafter referred to), for value received, hereby promises to pay to _______, or registered assigns, the principal
sum of _______ Dollars on _______ _______ _______ [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, semi-annually on _______ and _______ in each year, commencing _______, at the rate of ___% per annum, until the principal
hereof is paid or made available for payment [if applicable, insert —; provided that any principal and premium, and
any such installment of interest, which is overdue 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,
and such interest shall be payable on demand]. The interest so payable, and punctually paid or duly provided for, on any Interest
Payment Date will, as provided in such Indenture, be paid to the Person in whose name this 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 _______ or
_______ (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest so payable,
but not so punctually paid or duly provided for, on any Interest Payment Date will forthwith cease to be payable to the Holder
on such Regular Record Date and may either be paid to the Person in whose name this 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 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 the
Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in
said Indenture].

 

[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 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 or premium shall be payable
on demand. [Any such interest on overdue principal or premium which is not paid on demand shall bear interest at the rate of ___%
per annum (to the extent that the payment of such interest on interest shall be legally enforceable), from the date of such demand
until the amount so demanded is paid or made available for payment. Interest on any overdue interest shall be payable on demand.]]

 

Payment of the principal of (and premium, if any) and [if applicable,
insert — any such] interest on this Security will be made at the office or agency of the Company maintained for that purpose
in _______, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public
and private debts, against surrender of this Security in the case of any payment due at the Stated Maturity of the principal hereof; [if applicable, insert — ; 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 Security Register; and provided,
further, that if this Security is a Global Security, payment may be made pursuant to the Applicable Procedures of the Depositary
as permitted in the Indenture.]

 

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:	 	 
	 	FIRST HORIZON NATIONAL CORPORATION

    	II-12

    	

    

	 	BY	 
	 	 	 

	Attest:	 
	 	 
	 	 
	 	 
	 	 

SECTION 203. Form of Reverse of Security.

 

This Security is one of a duly authorized issue of securities
of the Company (herein called the “Securities”), issued and to be issued in one or more series under an Indenture,
dated as of _______ (herein called the “Indenture”, which term shall have the meaning assigned to it in such instrument),
between the Company and _______, as Trustee (herein called the “Trustee”, which term includes any successor trustee
under the Indenture), 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, the holders of Senior Indebtedness, Entitled Persons, and the Holders
of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is
one of the series designated on the face hereof [if applicable, insert, limited in aggregate principal amount to $______]
[, provided that the Company may, without the consent of any Holder, at any time and from time to time increase the initial
principal amount as provided in the Indenture] _______ $_______].

 

[If applicable, insert — The Securities of this series
are subject to redemption upon not less than 30 days’ notice by mail, [if applicable, insert — (1) on _______ in any
year commencing with the year _______ and ending with the year _______ through operation of the sinking fund for this series at
a Redemption Price equal to 100% of the principal amount, and (2)] 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,

 

	
        Redemption Price
	 	
        Year

	 	 	 

and thereafter at a Redemption Price equal to ___% of the principal
amount, together in the case of any such redemption [if applicable, insert — (whether through operation of the sinking fund
or otherwise)] with accrued interest to the Redemption Date, but interest installments whose Stated Maturity is on or prior to
such Redemption Date will 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 applicable, insert — Subject to and in compliance
with the provisions of the Indenture, the Holder of this Security is entitled, at his option, at any time on or after the opening
of business on the Initial Conversion Date and on or before the close of business on the Final Conversion Date, or in case this
Security or a portion hereof is called for redemption, then in respect of this Security or such portion hereof until and including,
but (unless the Company defaults in making the payment due upon redemption) not after, the close of business on the Redemption
Date, to convert this Security (or any portion of the principal amount hereof which is $[1,000] or an integral multiple thereof),
at the principal amount hereof, or of such portion, into fully paid and non-assessable shares (calculated as to each conversion
to the nearest 1/100 of a share) of Common Stock of the Company at the Initial Conversion Price (or at the current adjusted conversion
price if an adjustment has been made as provided in the Indenture) by surrender of this Security, duly endorsed or assigned to
the Company or in blank, to the Company at its office or agency in the Borough of Manhattan, The City of New York, accompanied
by written notice to the Company that the Holder hereof elects to convert this Security, or if less than the entire principal amount
hereof is to be converted, the portion hereof to be converted, and, in case such surrender shall be made during the period from
the close of business on any Regular Record Date next preceding any Interest Payment Date (unless this Security or the portion
thereof being converted has been called for redemption on a Redemption Date within such period), also accompanied by payment in
New York Clearing House or other funds acceptable to the Company of an amount

    	II-13

    	

    

equal to the interest payable on such Interest Payment Date
on the principal amount of this Security then being converted. Subject to the aforesaid requirement for payment in the case of
a conversion after the Regular Record Date next preceding any Interest Payment Date and on or before such Interest Payment Date,
to the right of the Holder of this Security (or any Predecessor Security) of record at such Regular Record Date to receive an installment
of interest (with certain exceptions provided in the Indenture), no payment or adjustment is to be made on conversion for interest
accrued hereon or for dividends on the Common Stock issued on conversion. No fractions of shares or scrip representing fractions
of shares will be issued on conversion, but instead of any fractional interest the Company shall pay a cash adjustment as provided
in the Indenture. The conversion price is subject to adjustment as provided in the Indenture. In addition, the Indenture provides
that in case of certain consolidations or mergers to which the Company is a party or the transfer of substantially all of the assets
of the Company, the Indenture shall be amended, without the consent of any Holders of Securities, so that this Security, if then
outstanding, will be convertible thereafter, during the period this Security shall be convertible as specified above, only into
the kind and amount of securities, cash and other property receivable upon the consolidation, merger or transfer by a holder of
the number of shares of Common Stock into which this Security might have been converted immediately prior to such consolidation,
merger or transfer (assuming such holder of Common Stock failed to exercise any rights of election and received per share the kind
and amount received per share by a plurality of non-electing shares), assuming, if such consolidation, merger or transfer is prior
to the Initial Conversion Date, that is Security were convertible at the time of such consolidation, merger or transfer at the
Initial Conversion Price specified above as adjusted from the date of establishment of the Initial Conversion Price to such time
pursuant to the Indenture.]

 

[If applicable, insert — The Securities of this series
are subject to redemption upon not less than 30 days’ notice by mail, (1) on _______ in any year commencing with the year
_______ and ending with the year _______ through operation of the sinking fund for this series at the Redemption Prices for redemption
through operation of the sinking fund (expressed as percentages of the principal amount) set forth in the table below, and (2)
at any time [if applicable, insert — on or after _______], as a whole or in part, at the election of the Company, at the
Redemption Prices for redemption otherwise than through operation of the sinking fund (expressed as percentages of the principal
amount) set forth in the table below: If redeemed during the 12-month period beginning ___________ of the years indicated,

 

	
        Year
	 	
        Redemption
        Price For

        Redemption Through

        Operation of the

        Sinking Fund
	 	
        Redemption
        Price For

        Redemption Otherwise

        Than Through

        Operation of the

        Sinking Fund

	 	 	 	 	 

 

and thereafter at a Redemption Price equal to % of the principal
amount, together in the case of any such redemption (whether through operation of the sinking fund or otherwise) with accrued interest
to the Redemption Date, but interest installments whose Stated Maturity is on or prior to such Redemption Date will 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 applicable, insert — Notwithstanding the foregoing,
the Company may not, prior to _______, redeem any Securities of this series as contemplated by [if applicable, insert — Clause
(2) of] the preceding paragraph as a part of, or in anticipation of, any refunding operation by the application, directly or indirectly,
of moneys borrowed having an interest cost to the Company (calculated in accordance with generally accepted financial practice)
of less than ___% per annum.]

 

[If applicable, insert — The sinking fund for this series
provides for the redemption on _______ in each year beginning with the year _______ and ending with the year _______ of [if applicable,
insert — not less than $_______ (“mandatory sinking fund”) and not more than] $_______ aggregate principal amount
of Securities of this series. Securities of this series [if applicable, insert — converted pursuant to the Indenture or]
acquired or redeemed by the Company otherwise than through [if applicable, insert — mandatory] sinking fund payments may
be credited against subsequent [if applicable, insert — mandatory] sinking fund payments otherwise required to be made [if
applicable, insert —, in the inverse order in which they become due].]

    	II-14

    	

    

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

 

The Company covenants and agrees, and each Holder of this Security,
by his acceptance hereof, likewise covenants and agrees, that, to the extent and in the manner set forth in Article Fourteen, the
indebtedness represented by the Securities and the payment of principal of (and premium, if any) and interest on each and all of
the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior
Indebtedness. In addition, this Security is also issued subordinate and subject to the provisions of the Indenture regarding prior
payment in full to Entitled Persons in respect of Other Financial Obligations. The Indenture also provides that if, upon the occurrence
of certain events of bankruptcy or insolvency relating to the Company, there remains, after giving effect to such subordination
provisions, any amount of cash, property or securities available for payment or distribution in respect of Securities of this series
(as defined in the Indenture, “Excess Proceeds”), and if, at such time, any Entitled Person has not received payment
in full of all amounts due or to become due on or in respect of Other Financial Obligations, then such Excess Proceeds shall first
be applied to pay or provide for the payment in full of such Other Financial Obligations before any payment or distribution may
be made in respect of Securities of such series. Each Holder of this Security, by accepting the same, (a) agrees to and shall be
bound by such provisions, (b) authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate
to effectuate the subordination and payment of Excess Proceeds as provided in the Indenture and (c) appoints the Trustee his attorney-in-fact
for any and all such purposes.

 

[If applicable, insert — The Indenture contains provisions
for defeasance at any time of [the entire indebtedness of this Security] [or] [certain restrictive covenants and Events of Default
with respect to this Security] [, in each case] upon compliance with certain conditions set forth in the Indenture.]

 

[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
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 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.]

 

The Indenture permits, with certain exceptions as therein provided,
the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities
of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of
a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains
provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding,
on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture
and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this 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 herefor 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

    	II-15

    	

    

proceedings in respect of such Event of Default as Trustee and
offered the Trustee indemnity reasonably satisfactory to the Trustee, 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.
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 any premium 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 any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed
[if applicable, insert — or to convert this Security as provided in the Indenture.]

 

As provided in the Indenture and subject to certain limitations
therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration
of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security
are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security
Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities
of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the
designated transferee or transferees.

 

The Securities of this series are issuable only in registered
form without coupons in denominations of $_______ and any integral multiple of $_______ 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 and of like tenor of a different authorized denomination, as requested by the Holder surrendering
the same.

 

No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable
in connection therewith.

 

Prior to due presentment of this 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 this Security
is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee
nor any such agent shall be affected by notice to the contrary.

 

[If applicable, insert — Interest on the principal
balance of this Security shall be calculated on the basis of a [365 or 366 day year, as appropriate, for the actual number of days
elapsed] [360 day year of twelve 30 day months.]]

 

THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS 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.

 

SECTION 204. Form of Legend for Global Securities in Global
Form.

 

If any Security of a series is issuable in global form, such
Global Security may provide that it shall represent the aggregate amount of Outstanding Securities from time to time endorsed thereon
and may also provide that the aggregate amount of Outstanding Securities represented thereby may from time to time be reduced to
reflect exchanges. Any endorsement of a Global Security to reflect the amount, or any increase or decrease in the amount, of Outstanding
Securities represented thereby shall be made by the Trustee and in such manner as shall be specified in such Global Security.

 

Global Securities may be issued in either temporary or permanent
form. Permanent Global Securities will be issued in definitive form.

    	II-16

    	

    

Unless otherwise specified as contemplated by Section 301 for
the Securities evidenced thereby, every Global Security authenticated and delivered hereunder shall bear a legend in substantially
the following form:

 

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

 

SECTION 205. Form of Trustee’s Certificate of Authentication.

 

The Trustee’s certificates of authentication shall be
in substantially the following form:

 

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

 

	 	 	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A, as Trustee
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	By:	 
	Date:	 	 	 	Authorized Officer

 

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 Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities
of any series:

 

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

 

(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, 305,
306, 906, 1107 or 1503 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 any Securities
of the series is payable;

 

(5) the rate or rates (which may be fixed or variable), or the
method of determination thereof, at which any Securities of the series shall bear interest, if any, the date or dates from which
any such interest shall accrue, or the

    	II-17

    	

    

method of determination thereof, the Interest Payment Dates
on which any such interest shall be payable and the Regular Record Date for any such interest payable on any Interest Payment Date;

 

(6) the place or places where the principal of and any premium
and interest on any Securities of the series shall be payable;

 

(7) the period or periods within which, the price or prices
at which and the terms and conditions upon which any Securities of the series may be redeemed, in whole or in part, at the option
of the Company and, if other than by a Board Resolution, the manner in which any election by the Company to redeem the Securities
shall be evidenced;

 

(8) the obligation, if any, of the Company to redeem or purchase
any Securities of the series pursuant to any sinking fund or analogous provisions or at the option of the Holder thereof and the
period or periods within which, the price or prices at which and the terms and conditions upon which any Securities of the series
shall be redeemed or purchased, in whole or in part, pursuant to such obligation;

 

(9) if other than denominations of $1,000 and any integral multiple
thereof, the denominations in which any Securities of the series shall be issuable;

 

(10) if the amount of principal of or any premium or interest
on any Securities of the series may be determined with reference to a financial or economic measure, or to an index or pursuant
to a formula, the manner in which such amounts shall be determined;

 

(11) if other than the currency of the United States of America,
the currency, currencies, currency units or composite currency in which the principal of or any premium or 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 any purpose, including for purposes of the definition of “Outstanding” in Section 101;

 

(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 the Holder thereof, in one or more currencies, currency units
or composite currencies other than that or those in which such Securities are stated to be payable, the currency, currencies, currency
units or composite currencies in which the principal of or any premium or interest on such Securities as to which such election
is made shall be payable, the periods within which and the terms and conditions upon which such election is to be made and the
amount so payable (or the manner in which such amount shall be determined);

 

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

 

(14) if the principal amount payable at the Stated Maturity
of any Securities of the series will not be determinable as of any one or more dates prior to the Stated Maturity, the amount which
shall be deemed to be the principal amount of such Securities as of any such date for any purpose thereunder or hereunder, including
the principal amount thereof which shall be due and payable upon any Maturity other than the Stated Maturity or which shall be
deemed to be Outstanding as of any date prior to the Stated Maturity (or, in any such case, the manner in which such amount deemed
to be the principal amount shall be determined);

 

(15) if applicable, that the Securities of the series, in whole
or any specified part, shall be defeasible pursuant to Section 1302 or Section 1303 or both such Sections and, if other than by
a Board Resolution, the manner in which any election by the Company to defease such Securities shall be evidenced;

 

(16) if applicable, that any 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 respective Depositaries for
such Global Securities, the form of any legend or legends which shall be borne by any such Global Security in addition to or in
lieu of that set forth in Section 204 and any circumstances in addition to or in lieu of those set forth in Clause (2) of the last
paragraph of Section 305 in which any such Global Security may be exchanged in whole or in part for Securities registered, and
any transfer of such Global Security in whole or in part may be registered, in the name or names of Persons other than the Depositary
for such Global Security or a nominee thereof;

    	II-18

    	

    

(17) any addition to or change in the Events of Default which
applies to any Securities of the series and any change in the right of the Trustee or the requisite Holders of such Securities
to declare the principal amount thereof due and payable pursuant to Section 502;

 

(18) any addition to or change in the covenants set forth in
Article Ten which applies to Securities of the series;

 

(19) if applicable, that the Securities of the series shall
be convertible pursuant to Article Fifteen, and the Initial Conversion Price, the Initial Conversion Date, the Final Conversion
Date and any other terms relating to the conversion of the Securities as provided herein;

 

(20) if other than as specified in Section 501, the Events of
Default applicable to the Securities of such series;

 

(21) if other than as specified in Section 503, the Defaults
applicable with respect to the Securities of the series;

 

(22) if other than as specified in Article Fourteen, the subordination
provisions applicable with respect to the Securities of the series, including a different definition of “Senior Indebtedness”,
“Entitled Persons” or “Other Financial Obligations” or the elimination of one or more of those definitions;
and

 

(23) 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 Officers’ Certificate referred to above
or in any such indenture supplemental hereto. All Securities of any one series need not be issued at one time and, unless otherwise
provided or contemplated by this Section 301 with respect to a series of Securities, additional Securities of a series may be issued
at the option of the Company, without the consent of any Holder, at any time and from time to time.

 

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 Officers’ Certificate
setting forth the terms of the series.

 

SECTION 302. Denominations.

 

The Securities of each series shall be issuable only in registered
form without coupons and only in such denominations as shall be specified as contemplated by Section 301. In the absence of any
such specified denomination with respect to the Securities of any series, the Securities of such series shall be issuable in denominations
of $1,000 and any integral multiple in excess thereof.

 

SECTION 303. Execution, Authentication, Delivery and Dating.

 

The Securities shall be executed on behalf of the Company by
its Chairman of the Board of Directors, its Vice Chairman of the Board of Directors, its President or one of its Vice Presidents,
attested by its Secretary, one of its Assistant Secretaries or other authorized Person of the Company. 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 issuance 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 the Company
Order shall authenticate and deliver such Securities. If any Security shall be represented by a permanent Global Security, then,

    	II-19

    	

    

for purposes of this Section and Section 304, the notation of
a beneficial owner’s interest therein upon original issuance of such Security or upon exchange of a portion of a temporary
Global Security shall be deemed to be delivered in connection with the original issuance of such beneficial owner’s interest
in such permanent Global Security. 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 Sections 201 and 301, in authenticating such Securities, and accepting the additional
responsibilities under this Indenture in relation to such Securities, the Trustee shall 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, will 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.

 

If such form or terms have been so established, the Trustee
shall not be required to authenticate such Securities if 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 or otherwise in a manner which is not
reasonably acceptable to the Trustee.

 

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, including where the size of an Outstanding
series of Securities is increased as contemplated in Section 301, it shall not be necessary to deliver the Officers’ 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. Notwithstanding the foregoing,
if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company
shall deliver such Security to the Trustee for cancellation as provided in Section 309, for all purposes of this Indenture such
Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of
this Indenture.

 

SECTION 304. Temporary Securities.

 

Pending the preparation of definitive Securities of any series,
the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities which are printed,
lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the
definitive Securities in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other
variations as the officers executing such Securities may determine, as evidenced by their execution of such Securities.

 

If temporary Securities of any series are issued, the Company
will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of definitive
Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series
upon surrender of the temporary Securities of such series at the office or agency of the Company in a Place of Payment for that
series,

    	II-20

    	

    

without charge to the Holder. Upon surrender for cancellation
of any one or more temporary Securities of any series, the Company shall execute and the Trustee shall authenticate and deliver
in exchange therefor one or more definitive Securities of the same series, of any authorized denominations and of like tenor and
aggregate principal amount. Until so exchanged, the temporary Securities of any series shall in all respects be entitled to the
same benefits under this Indenture as definitive Securities of such series and tenor.

 

SECTION 305. 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 of the Company in a Place of
Payment being herein sometimes collectively referred to as the “Security Register”) in which, subject to such reasonable
regulations as it may prescribe, the Company shall provide for the registration of Securities and of transfers of Securities. The
Trustee is hereby appointed “Security Registrar” for the purpose of registering Securities and transfers of Securities
as herein provided.

 

Upon surrender for registration of transfer of any Security
of a series at the office or agency of the Company in a Place of Payment for that series, the Company shall execute, and the Trustee
shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of the same
series, of any authorized denominations and of like tenor and aggregate principal amount.

 

At the option of the Holder, Securities of any series may be
exchanged for other Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount,
upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so surrendered for exchange,
the Company shall execute, and the Trustee shall authenticate and deliver, the Securities which the 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 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 Security 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 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 304, 906 or 1107 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 1103
and ending at the close of business on the day of such mailing, (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 or (C) issue, register
the transfer of or exchange any Security that has been surrendered for repayment at the option of the Holder, except the portion,
if any, of the Security that is not to be repaid.

 

The provisions of Clauses (1), (2), (3) and (4) below shall
apply only to Global Securities:

 

(1) Each Global Security authenticated under this Indenture
shall be registered in the name of the Depositary designated for such Global Security 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.

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(2) Notwithstanding any other provision in this Indenture, 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 for such Global Security or a nominee thereof unless
(A) such Depositary (i) has notified the Company that it is unwilling or unable to continue as Depositary for such Global Security
and no successor Depositary has been appointed within 90 days or (ii) has ceased to be a clearing agency registered under the Exchange
Act, (B) there shall have occurred and be continuing an Event of Default with respect to such Global Security, (C) the Company,
in its sole discretion, has determined that Securities of any series issued in the form of one or more Global Securities shall
no longer be represented by such Global Security or Global Securities or (D) there shall exist such circumstances, if any, in addition
to or in lieu of the foregoing as have been specified for this purpose as contemplated by Section 301.

 

(3) Subject to Clause (2) above, any exchange of a Global Security
for other Securities may be made in whole or in part, and all Securities issued in exchange for a Global Security or any portion
thereof shall be registered in such names as the Depositary for such Global Security shall direct.

 

(4) Every Security authenticated and delivered upon registration
of transfer of, or in exchange for or in lieu of, a Global Security or any portion thereof, whether pursuant to this Section, Section
304, 306, 906 or 1107 or otherwise, shall be authenticated and delivered in the form of, and shall be, a Global Security, unless
such Security is registered in the name of a Person other than the Depositary for such Global Security or a nominee thereof.

 

SECTION 306. Mutilated, Destroyed, Lost and Stolen Securities.

 

If any mutilated Security is surrendered to the Trustee, the
Company shall execute and 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 bona fide purchaser, the Company shall execute and 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.

 

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, 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
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 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 307. Payment of Interest; Interest Rights Preserved.

 

Except as otherwise provided as contemplated by Section 301
with respect to any series of Securities, 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.

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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 (herein called “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 Trustee an amount of money
equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory
to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the
benefit of the Persons entitled to such Defaulted Interest as in this Clause provided. Thereupon the Trustee shall fix a Special
Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to
the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment.
The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall
cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be given to each Holder
of Securities of such series in the manner set forth in Section 106, 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, 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.

 

In the case of any convertible Security which is converted after
any Regular Record Date and on or prior to the next succeeding Interest Payment Date (other than any Security whose Maturity is
prior to such Interest Payment Date), interest whose Stated Maturity is on such Interest Payment Date shall be payable on such
Interest Payment Date notwithstanding such conversion, and such interest (whether or not punctually paid or duly provided for)
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 such Regular Record Date. Except as otherwise expressly provided in the immediately preceding sentence, in the case of any convertible
Security which is converted, interest whose Stated Maturity is after the date of conversion of such Security shall not be payable.

 

SECTION 308. 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 any premium and (subject to Section 307)
any 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 309. Cancellation.

 

All Securities surrendered for payment, redemption, conversion,
registration of transfer or exchange or conversion or for credit against any sinking fund payment or analogous obligation shall,
if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by it. The Company
may at any time deliver

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to the Trustee for cancellation any Securities previously authenticated
and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any
other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company
has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated
in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture.
All cancelled Securities held by the Trustee shall be disposed of as directed by a Company Order.

 

SECTION 310. Computation of Interest.

 

Except as otherwise specified as contemplated by Section 301
for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve
30-day months.

 

SECTION 311. CUSIP Numbers

 

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

 

ARTICLE FOUR

 

SATISFACTION AND DISCHARGE

 

SECTION 401. Satisfaction and Discharge of Indenture.

 

This Indenture shall upon Company Request cease to be of further
effect with respect to Securities of any series specified in such Company Request (except as to any surviving rights of conversion,
registration of transfer or exchange of Securities herein expressly provided for or in the terms of such Security), and the Trustee,
upon receipt of Company Request and at the expense of the Company, shall execute proper instruments acknowledging satisfaction
and discharge of this Indenture as to such series, when:

 

(1) either

 

(A) all Securities theretofore authenticated and delivered (other
than (i) Securities of such series which have been mutilated, destroyed, lost or stolen and which have been replaced or paid as
provided in Section 306 and (ii) Securities of such series for whose payment money has theretofore been deposited in trust or segregated
and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 1003)
have been delivered to the Trustee for cancellation; or

 

(B) all Securities of such series 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, and the Company, in the case of (i), (ii) or (iii) above, has deposited or caused to be deposited with the Trustee
as trust funds in trust for the purpose money in an amount sufficient to pay and discharge the entire indebtedness on such Securities
not theretofore delivered to the Trustee for cancellation (other than Securities which have been mutilated, destroyed, lost or
stolen and which have been replaced or paid as provided in Section 306), for principal and any premium and

    	II-24

    	

    

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 in respect of such Securities; and

 

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

 

Notwithstanding the satisfaction and discharge of this Indenture,
with respect to Securities of any series pursuant to this Section 401, 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, the obligations of the Trustee under Section 402 and the last
paragraph of Section 1003, in each case with respect to such Securities, 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 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 any premium and interest
for whose payment such money has been deposited with the Trustee. Money deposited and held in trust pursuant to this Section 402
shall not be subject to claims of the holders of Senior Indebtedness or of Entitled Persons under Article Fourteen. All moneys
deposited with the Trustee pursuant to Section 401 (and held by it or the Paying Agent) for the payment of Securities subsequently
converted shall be returned to the Company upon Company Request.

 

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 occasioned by the provision of Article Fourteen if applicable to a series of Securities or 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) the entry by a court or governmental authority 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
Federal or State bankruptcy, insolvency, reorganization or other similar law or (B) a decree or order adjudging the Company a bankrupt
or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in
respect of the Company under any applicable Federal or State law, or appointing a custodian, receiver, liquidator, assignee, trustee,
sequestrator or other similar official of the Company or of any substantial part of its property (other than a conservator or other
similar official in respect of a Bank), or ordering the winding up or liquidation of its affairs, 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;

 

(2) the commencement by the Company of a voluntary case or proceeding
under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding
to be adjudicated a bankrupt or insolvent, or the consent by it to the entry of a decree or order for relief in respect of the
Company in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other
similar law or to the commencement of any bankruptcy or insolvency case or proceeding

    	II-25

    	

    

against it, or the filing by it of a petition or answer or consent
seeking reorganization or relief under any applicable Federal or State law, or the consent by it to the filing of such petition
or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar
official of the Company or of any substantial part of its property (other than a conservator or other similar official in respect
of a Bank), or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability
to pay its debts generally as they become due, or the taking of corporate action by the Company in furtherance of any such action;
or

 

(3) any other Event of Default provided with respect to Securities
of that series.

 

SECTION 502. Acceleration of Maturity; Rescission and Annulment.

 

If an Event of Default with respect to Securities of any series
at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25% in principal
amount of the Outstanding Securities of that series may declare the principal amount of all the Securities of that series (or,
if any Securities of that series are Original Issue Discount Securities, such portion of the principal amount of such Securities
as may be specified by the terms thereof) to be due and payable immediately, by a notice in writing to the Company (and to the
Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) shall become immediately
due and payable.

 

At any time after such a declaration of acceleration with respect
to Securities of any series has been made and before a judgment or decree for payment of the money due has been obtained by the
Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the Outstanding Securities of
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 on all Securities of that series;

 

(B) the principal of (and premium, if any, on) any Securities
of that series which have become due otherwise than by such declaration of acceleration and any interest thereon at the rate or
rates prescribed therefor in such Securities;

 

(C) to the extent that payment of such interest is lawful, interest
upon overdue interest at the rate or rates prescribed therefor in such Securities; and

 

(D) all sums paid or advanced by the Trustee hereunder and the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel;

 

and

 

(2) all Defaults with respect to Securities of that series,
other than the non-payment of the principal of Securities of that series 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 on any Security
when such interest becomes due and payable and such default continues for a period of 30 days;

 

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

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(3) default is made in the making or satisfaction of any sinking
fund payment or analogous obligation when the same becomes due pursuant to the terms of such Security, the Company will, 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, interest and sinking fund obligation and, to the extent that payment of such interest shall be legally
enforceable, interest on any overdue principal, premium or sinking fund obligation and on any overdue interest, at the rate or
rates prescribed therefor in such Securities, 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.

 

If the Company shall fail to pay such amounts forthwith upon
such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection
of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company
or any other obligor upon such Security or Securities and collect the moneys adjudged or decreed to be payable in the manner provided
by law out of the property of the Company or any other obligor upon such Securities, wherever situated.

 

“Default”, wherever used herein with respect to
Securities of any series, means any one of the following events (whatever the reason for such Default and whether it shall be occasioned
by the provisions of Article Fourteen or be voluntary or involuntary or be effected by operation of law or pursuant to any judgment,
decree or order of any court or governmental body):

 

(A) an Event of Default with respect to any Securities of that
series;

 

(B) the events referred to in subsections 503(1) through (3)
above with respect to any Securities of that series;

 

(C) default in the performance, or breach, of any covenant or
warranty of the Company in this Indenture (other than a covenant or warranty a default in whose performance or whose breach is
elsewhere in this Section specifically dealt with or which has expressly been included in this Indenture solely for the benefit
of series of Securities other than that series), and continuance of such default or breach for a period of 30 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

 

(D) any other Default provided with respect to Securities of
that series.

 

If a Default with respect to Securities of any series occurs
and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of
Securities of such series by such appropriate judicial proceedings as the Trustee shall deem necessary 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.

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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. Any such proceeding instituted by the Trustee shall be brought in its own name as trustee of
an express trust. 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.

 

SECTION 506. Application of Money Collected.

 

Any money collected by the Trustee pursuant to this Article
shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money
on account of principal or 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: Subject to Article Fourteen, 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: To the Company.

 

SECTION 507. Limitation on Suits.

 

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

 

(1) such Holder has previously given written notice to the Trustee
of a continuing 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 proceedings in respect of
such Default in its own name as Trustee hereunder;

 

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

 

(4) the Trustee for 60 days after its receipt of such notice,
request and offer of indemnity has failed to institute any such proceeding; and

 

(5) no direction inconsistent with such written request has
been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities
of that series;

 

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

    	II-28

    	

    

right under this Indenture, except in the manner herein provided
and for the equal and ratable benefit of all of such Holders.

 

SECTION 508. Unconditional Right of Holders to Receive Principal,
Premium and Interest or 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 307) interest on such Security on the respective Stated Maturities expressed in such Security (or, in the
case of redemption, on the Redemption Date) and, if applicable, to convert such Security in accordance with Article Fifteen and
to institute suit for the enforcement of any such payment and right to convert, and such rights shall not be impaired without the
consent of such Holder.

 

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, 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
Securities to exercise any right or remedy accruing upon any Default shall impair any such right or remedy or constitute a waiver
of any such Default or an acquiescence therein. Every right and remedy given by this Article 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.

 

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; and

 

(2) 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.

 

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:

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(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 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 against any such party
litigant, in the manner and to the extent provided in the Trust Indenture Act; provided that neither this Section 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.

 

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,

 

(1) 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; and

 

(2) in the absence of bad faith on its part, the Trustee may
conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or
opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates
or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under
a duty to examine the same to determine whether or not they conform to the requirements of this Indenture.

 

(b) In case an Event of Default has occurred and is continuing,
the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill
in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs.

 

(c) No provision of this Indenture shall be construed to relieve
the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except
that:

 

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

 

(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;

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(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 any series relating to the time, method and place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the
Securities of such series; and

 

(4) no provision of this Indenture shall require the Trustee
to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or
in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds
or adequate indemnity against such risk or liability is not reasonably assured to it.

 

(d) Whether or not therein expressly so provided, every provision
of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject
to the provisions of this Section.

 

SECTION 602. Notice of Defaults.

 

If a default occurs hereunder with respect to Securities of
any series, the Trustee shall give the Holders of Securities of such series notice of such default as and to the extent provided
by the Trust Indenture Act; provided, however, that in the case of any default of the character specified in Section 503(c) 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, 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:

 

(1) the Trustee may conclusively rely and shall be 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 believed by it to be
genuine and to have been signed or presented by the proper party or parties;

 

(2) 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 shall be sufficiently
evidenced by a Board Resolution;

 

(3) whenever in the administration of this Indenture the Trustee
shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the
Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officers’
Certificate;

 

(4) the Trustee may consult with counsel of its selection 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;

 

(5) 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 reasonable security or indemnity against the costs, expenses and liabilities
which might be incurred by it in compliance with such request or direction;

 

(6) 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, 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,

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personally or by agent or attorney, at the sole cost of the
Company, and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation;

 

(7) 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;

 

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

 

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

 

(10) the Trustee may request that the Company deliver a certificate
setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to
this Indenture; and

 

(11) the Trustee shall not be deemed to have notice of any Default
or Event of Default unless the Trustee has knowledge thereof.

 

SECTION 604. Not Responsible for Recitals or Issuance of
Securities.

 

The recitals contained herein and in the Securities, except
the Trustee’s certificates of authentication, shall be taken as the statements of the Company, and neither the Trustee nor
any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity
or sufficiency of this Indenture or of the Securities. Neither the Trustee nor any Authenticating Agent shall be accountable for
the use or application by the Company of Securities or the proceeds thereof.

 

SECTION 605. May Hold Securities.

 

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

 

SECTION 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 reasonable
compensation as the Company and the Trustee shall from time to time agree in writing 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 expenses, disbursements and advances incurred or made by the Trustee in accordance
with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and
counsel), except any such expense, disbursement or advance as shall be determined to have been caused by its negligence or willful
misconduct; and

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(3) to indemnify the Trustee for, and to hold it harmless against,
any loss, liability, claim, damage or expense incurred without negligence or willful misconduct on its part, arising out of or
in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending
itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder.

 

When the Trustee incurs expenses or renders services in connection
with an Event of Default, 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 shall survive 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 such 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, and has a combined capital and surplus
of at least $50,000,000 and has its Corporate Trust Office or agency in the Borough of Manhattan, The City of New York. 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 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, it shall resign immediately in the manner and with the effect hereinafter specified in this
Article.

 

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 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.

 

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 the instrument of acceptance by a successor Trustee required
by Section 611 shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation or removal,
the resigning or removed Trustee may petition, in the case of removal, at the expense of the Company, any court of competent jurisdiction
for the appointment of a successor Trustee with respect to the Securities of such series.

 

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;

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(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 the Securities of any series, or (B) subject to Section 514, any Holder
who has been a bona fide Holder of a Security of any series for at least six months may, on behalf of himself and all others similarly
situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities of such series
and the appointment of a successor Trustee or Trustees with respect thereto.

 

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 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 Section
611, any Holder who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself
and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee 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 request of the Company or the successor Trustee,
such retiring Trustee shall, upon payment of its charges (including reasonable attorneys’ fees and expenses) hereunder, 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 an indenture supplemental 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

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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 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.

 

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,
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 with
respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities
of such series issued upon original issue and upon exchange, registration of transfer, partial conversion or partial redemption
thereof or pursuant to 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 $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, the combined capital and surplus of such Authenticating Agent shall be deemed
to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating
Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately
in the manner and with the effect specified in this Section.

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

 

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, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall give
notice of such appointment in the manner provided in Section 106 to all Holders of Securities of the series with respect to which
such Authenticating Agent will serve. 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.

 

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

 

If an appointment with respect to one or more series is made
pursuant to this Section, the Securities of such series may have endorsed thereon, in addition to the Trustee’s certificate
of authentication, an alternative certificate of authentication in the following form:

 

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

 

	 	By	 	,
	 	 	As Trustee	 
	 	 	 	 
	 	 	 	 
	 	By	 	,
	 	 	As Authenticating Agent	 
	 	 	 	 
	 	 	 	 
	 	By	 	,
	 	 	Authorized Officer	 

 

ARTICLE SEVEN

 

HOLDERS’ LISTS AND REPORTS BY
TRUSTEE AND COMPANY

 

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

 

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

 

(1) semi-annually, not later than January 15 and July 15 in
each year, a list, in such form as the Trustee may reasonably require, of the names and addresses of the Holders of Securities
of each series as of the preceding                     or                     ,
as the case may be; and

 

(2) at such other times as the Trustee may request in writing,
within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than
15 days prior to the time such list is furnished; excluding from any such list names and addresses received by the Trustee in its
capacity as Security Registrar.

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SECTION 702. Preservation of Information; Communications
to Holders.

 

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 Security Registrar. The Trustee may destroy
any list furnished to it as provided in upon receipt of a new list so furnished.

 

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 privileges of the Trustee,
shall be as provided by the Trust Indenture Act.

 

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.

 

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.

 

Reports so required to be transmitted at stated intervals of
not more than 12 months shall be transmitted no later than January 31 in each calendar year, commencing in 2011.

 

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 will notify the Trustee when any Securities are listed or delisted 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, only as and to the extent required
pursuant to the Trust Indenture Act at the times and in the manner provided pursuant to such Act. For the purpose of this Section
704, the Company makes no representation, warranty, covenant or agreement to the Holders of any series of Securities as to the
accuracy or completeness of any such document or report or as to the timeliness of any such filing with the Commission.

 

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

 

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 convey, transfer or lease its properties and assets substantially as an entirety to any Person unless:

 

(1) in case the Company shall consolidate with or merge into
another Person or convey, transfer or lease its properties and assets substantially as an entirety to any Person, the Person formed
by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer, or which leases,
the properties and assets of the Company substantially as an entirety shall be a corporation, partnership or other entity, shall
be organized and validly existing under the laws of the United States of America, any State thereof or the

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District of Columbia and shall expressly assume, by an indenture
supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of
the principal of and any premium and interest on all the Securities and the performance or observance of every covenant of this
Indenture on the part of the Company to be performed or observed and, if applicable, shall have provided for conversion rights
in accordance with Section 1512;

 

(2) immediately after giving effect to such transaction and
treating any indebtedness which becomes an obligation of the Company or any Subsidiary as a result of such transaction as having
been incurred by the Company or such Subsidiary at the time of such transaction, no Default, and no event which, after notice or
lapse of time or both, would become a Default, shall have happened and be continuing; and

 

(3) the Company has delivered to the Trustee an Officers’
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 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 the properties and assets of the Company substantially as
an entirety in accordance with Section 801, the successor Person formed by such consolidation or into which the Company is merged
or to which 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 indentures supplemental 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;

 

(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;

 

(3) to add any additional Defaults or 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);

 

(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;

 

(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

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(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;

 

(6) to secure all or any series of the Securities (and if such
additional security is to be for the benefit of less than all series of Securities, stating that such additional security is expressly
being included solely for the benefit of such series);

 

(7) to establish the form or terms of Securities of any series
as permitted by Sections 201 and 301;

 

(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;

 

(9) to add to, change or eliminate any of the provisions of
this Indenture to such extent as shall be necessary to comply with the rules or regulations on any securities exchange or automated
quotation system on which any of the Securities may be listed or traded;

 

(10) to add to, change or eliminate any of the provisions of
Article Fourteen in respect of any series of Securities, including Outstanding Securities, provided that any such action pursuant
to this Clause (9) shall not adversely affect the interests of the Holders of Securities of any series in any material respect;

 

(11) to add to, change or eliminate any of the provisions of
Article Fifteen in respect of any series of Securities, including Outstanding Securities; provided that any such action
pursuant to this Clause (10) shall not adversely affect the interests of the Holders of Securities of any series in any material
respect;

 

(12) to make provision with respect to the conversion rights
of Holders pursuant to the requirements of Section 1512, if applicable;

 

(13) to cure any ambiguity, to correct or supplement any provision
herein which may be defective or inconsistent with any other provision herein, to eliminate any conflict between the terms hereof
and the Trust Indenture Act or to make any other provisions with respect to matters or questions arising under this Indenture;
provided that such action pursuant to this Clause (11) shall not adversely affect the interests of the Holders of Securities
of any series in any material respect; or

 

(14) to supplement any of the provisions of the Indenture to
such extent as shall be necessary to permit or facilitate the satisfaction and discharge or defeasance or covenant defeasance of
any series of Securities pursuant to Articles Four and Thirteen, respectively; provided that any such action shall not adversely
affect the interests of the Holders of such series or any other series of Securities 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 said Holders
delivered to the Company and the Trustee, the Company, when authorized by a Board Resolution, and the Trustee may enter into an
indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating
any of the provisions of this Indenture or of modifying in any manner the rights of the Holders of 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 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 an Original Issue Discount Security or any other
Security which would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502, or
adversely affect any right of repayment at the option of the Holder of any Security, or reduce the

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amount of, or postpone the date fixed for, the payment of any
sinking fund payment or analogous obligation, 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 modify the provisions
of this Indenture with respect to the subordination of the Securities in a manner adverse to the Holders, or adversely affect the
right to convert any Security as provided in Article Fifteen (except as permitted by Section 901(9));

 

(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 or Section
513, 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 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, or the deletion of this proviso, in accordance with the requirements of Sections 611 and
901(8).

 

A supplemental indenture which changes or eliminates any covenant
or other provision of this Indenture which has expressly been included solely for the benefit of one or more particular series
of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other
provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series.

 

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

 

The Company may, but shall not be obligated to, fix a record
date for the purpose of determining the Persons entitled to consent to any indenture supplemental hereto. If a record date is fixed,
the Holders on such record date, or their duly designated proxies, and only such Persons, shall be entitled to consent to such
supplemental indenture, whether or not such Holders remain Holders after such record date.

 

SECTION 903. Execution of Supplemental Indentures.

 

In executing, or accepting the additional trusts created by,
any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the
Trustee shall receive, and (subject to Section 601) shall be fully protected in relying upon, an Opinion of Counsel and Officers’
Certificate 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, but the Trustee shall, subject to the first sentence of this Section 903, enter into all other
supplemental indentures requested by the Company.

 

SECTION 904. Effect of Supplemental Indentures.

 

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

 

SECTION 905. Conformity with Trust Indenture Act.

 

Every supplemental indenture executed pursuant to this Article
shall conform to the requirements of the Trust Indenture Act.

 

SECTION 906. Reference in Securities to Supplemental Indentures.

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Securities of any series authenticated and delivered after the
execution of any supplemental indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in
form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new
Securities 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.

 

SECTION 907. Subordination Unimpaired.

 

No provision in any supplemental indenture that adversely affects
the superior position of the holders of Senior Indebtedness then outstanding or Entitled Persons in respect of Other Financial
Obligations then outstanding shall be effective against holders of Senior Indebtedness or Entitled Persons without the consent
of such holders or Entitled Persons.

 

ARTICLE TEN

 

COVENANTS

 

SECTION 1001. Payment of Principal, Premium and Interest.

 

The Company covenants and agrees for the benefit of each series
of Securities that it will duly and punctually pay the principal of and any premium and interest on the Securities of that series
in accordance with the terms of the Securities and this Indenture.

 

SECTION 1002. Maintenance of Office or Agency.

 

The Company will maintain in each Place of Payment for any series
of Securities an office or agency where Securities of that series may be presented or surrendered for payment, where Securities
of that series may be surrendered for registration of transfer or exchange, where convertible Securities may be surrendered for
conversion and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture
may be served. The Company will 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 Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders,
notices and demands.

 

The Company may also from time to time designate one or more
other offices or agencies where the Securities of one or more series 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 each Place of Payment for Securities of any series for
such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change
in the location of any such other office or agency.

 

SECTION 1003. Money for Securities 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 will, 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 will 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 will, 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 will promptly notify the Trustee of its action or failure so to
act.

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The Company will 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, that such Paying Agent will (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 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 in trust 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 held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts
as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the
Trustee, such Paying Agent shall be released from all further liability with respect to such money.

 

Any money deposited with the Trustee or any Paying Agent, or
then held by the Company, in trust for the payment of the principal of 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 the Borough of Manhattan, The City of New York, 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 will be repaid to the Company.

 

SECTION 1004. Statement by Officers as to Default.

 

The Company will deliver to the Trustee, within 120 days after
the end of each fiscal year of the Company ending after the date hereof, an Officers’ 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.

 

SECTION 1005. 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), 901(2) or 901(7)
for the benefit of the Holders of such series, if before the time for such compliance the Holders of not less than 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.

 

ARTICLE ELEVEN

 

REDEMPTION OF SECURITIES

 

SECTION 1101. Applicability of Article.

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Securities of any series which are redeemable before their Stated
Maturity shall be redeemable in accordance with their terms and (except as otherwise specified as contemplated by Section 301 for
such Securities) in accordance with this Article.

 

SECTION 1102. Election to Redeem; Notice to Trustee.

 

The election of the Company to redeem any Securities shall be
evidenced by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities. In case of any
redemption at the election of the Company of less than all the Securities of any series (including any such redemption affecting
only a single Security), the Company shall, at least 60 days prior to the Redemption Date fixed by the Company (unless a shorter
notice shall be satisfactory to the Trustee), notify the Trustee 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. In the case of any redemption
of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere
in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction.

 

SECTION 1103. Selection by Trustee of Securities to Be Redeemed.

 

If less than all the Securities of any series are to be redeemed
(unless all the Securities of such series and of a specified tenor are to be redeemed or unless such redemption affects only a
single Security), the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date
by the Trustee, from the Outstanding Securities of such series not previously called for redemption, by pro rata, by lot or by
such method as in accordance with the regulations of the Depositary, if any, and which may provide for the selection for redemption
of a portion of the principal amount of any Security of such series, provided that the unredeemed portion of the principal amount
of any Security shall be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such
Security. If less than all the Securities of such series and of a specified tenor are to be redeemed (unless such redemption affects
only a single Security), the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption
Date by the Trustee, from the Outstanding Securities of such series and specified tenor not previously called for redemption in
accordance with the preceding sentence. If any convertible Security selected for partial redemption is converted in part before
termination of the conversion right with respect to the portion of the Security so selected, the converted portion of such Security
shall be deemed (so far as may be) to be the portion selected for redemption. Convertible Securities which have been converted
during a selection of Securities to be redeemed shall be treated by the Trustee as Outstanding for the purposes of such selection.

 

The Trustee shall promptly notify the Company in writing of
the Securities selected for redemption as aforesaid and, in case of any Securities selected for partial redemption as aforesaid,
the principal amount thereof to be redeemed.

 

The provisions of the two preceding paragraphs shall not apply
with respect to any redemption affecting a series of Securities comprised of only a single Security, whether such Security is to
be redeemed in whole or in part. In the case of any such redemption in part, the unredeemed portion of the principal amount of
the Security shall be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such
Security.

 

For all purposes of this Indenture, unless the context otherwise
requires, all provisions relating to the redemption of Securities shall relate, in the case of any Securities redeemed or to be
redeemed only in part, to the portion of the principal amount of such Securities which has been or is to be redeemed.

 

SECTION 1104. 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 Security Register.

 

All notices of redemption shall state:

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(1) the Redemption Date;

 

(2) the Redemption Price;

 

(3) if less than all the Outstanding Securities of any series
consisting of more than a single Security are to be redeemed, the identification (and, in the case of partial redemption of any
such Securities, the principal amounts) of the particular Securities to be redeemed and, if less than all the entire principal
amount of any series consisting of a single Security are to be redeemed, the portion of the principal amount of the particular
Security to be redeemed;

 

(4) that on the Redemption Date the Redemption Price will become
due and payable upon each such Security to be redeemed and, if applicable, that interest thereon will cease to accrue on and after
said date;

 

(5) if the Securities to be redeemed are Convertible Securities,
the Conversion Price, the date on which the right to convert the Securities to be redeemed will terminate and the place or places
where such Securities may be surrendered for conversion;

 

(6) the CUSIP numbers, if any, of the Securities to be redeemed;

 

(7) the place or places where each such Security is to be surrendered
for payment of the Redemption Price; and

 

(8) that the redemption is for a sinking fund, if such is the
case.

 

Notice of redemption of Securities to be redeemed at the election
of the Company shall be given by the Company or, at the Company’s request and provision of such notice information, by the
Trustee in the name and at the expense of the Company and, unless otherwise specified, shall be irrevocable; provided, however,
in the latter case the Trustee shall be given at least 10 days prior notice of the requested date of the giving of the notice or
such shorter time as may be acceptable to the Trustee.

 

SECTION 1105. Deposit of Redemption Price.

 

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 convertible Securities
called for redemption on that date which have been converted prior to the date of such deposit.

 

If any convertible Security called for redemption is converted,
any money deposited with the Trustee or with any Paying Agent or so segregated and held in trust 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 307) be paid to the Company upon Company Request or, if then held by the Company, shall be discharged from
such trust.

 

SECTION 1106. 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 therein 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. In addition, such Securities shall, if convertible by their terms into Common Stock, cease from and
after the date fixed for redemption (unless an earlier date shall be specified in a Board Resolution, Officers’ Certificate
or executed supplemental indenture or pursuant to which the terms of the Securities of such series were established) to be convertible
into Common Stock (unless the Company shall default in the payment of the Redemption Price). 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, unless otherwise specified as contemplated by Section 301, installments
of interest whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities, or

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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 307.

 

If any Security called for redemption shall not be so paid upon
surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the
rate prescribed therefor in the Security. In addition, such Security shall, if convertible by its terms into Common Stock, remain
convertible into Common Stock until the principal (and premium, if any) of such Security shall have been paid or duly provided
for.

 

SECTION 1107. 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 Trustee duly executed by, the Holder thereof or his attorney duly authorized
in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Security without
service charge, a new Security or Securities of the same series and 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

 

SINKING FUNDS

 

SECTION 1201. Applicability of Article.

 

The provisions of this Article shall be applicable to any sinking
fund for the retirement of Securities of any series except as otherwise specified as contemplated by Section 301 for such Securities.

 

The minimum amount of any sinking fund payment provided for
by the terms of any Securities is herein referred to as a “mandatory sinking fund payment”, and any payment in excess
of such minimum amount provided for by the terms of such Securities is herein referred to as an “optional sinking fund payment”.
If provided for by the terms of Securities of any series, the cash amount of any sinking fund payment may be subject to reduction
as provided in Section 1202. Each sinking fund payment shall be applied to the redemption of Securities of a series as provided
for by the terms of such Securities.

 

SECTION 1202. Satisfaction of Sinking Fund Payments with
Securities.

 

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

 

SECTION 1203. Redemption of Securities for Sinking Fund.

 

Not less than 60 days prior to each sinking fund payment date
for Securities of any series, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the
next ensuing sinking fund payment for such Securities pursuant to the terms of such Securities, the portion thereof, if any, which
is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities
pursuant to Section 1202 and will also deliver to the Trustee any Securities to be so delivered. Not less than 30 days prior to
each such sinking fund payment date, the Trustee shall select the Securities of such series to be redeemed upon such

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sinking fund payment date in the manner specified in Section
1103 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided
in Section 1104. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the
manner stated in Sections 1106 and 1107.

 

ARTICLE THIRTEEN

 

DEFEASANCE AND COVENANT DEFEASANCE

 

SECTION 1301. Company’s Option to Effect Defeasance
or Covenant Defeasance.

 

The Company may elect, at its option at any time, to have Section
1302 or Section 1303 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section
301 as being defeasible pursuant to such Section 1302 or 1303, in accordance with any applicable requirements provided pursuant
to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by
a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

 

SECTION 1302. Defeasance and Discharge.

 

Upon the Company’s exercise of its option (if any) to
have this Section applied to any Securities or any series of Securities, as the case may be, the Company shall be deemed to have
been discharged from its obligations, and the provisions of Article Fourteen shall cease to be effective, with respect to such
Securities as provided in this Section on and after the date the conditions set forth in Section 1304 are satisfied (hereinafter
called “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged
the entire indebtedness represented by such Securities 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), subject to the following which shall survive until otherwise terminated or discharged hereunder: (1) the
rights of Holders of such Securities to receive, solely from the trust fund described in Section 1304 and as more fully set forth
in such Section, payments in respect of the principal of and any premium and interest on such Securities when payments are due,
(2) the Company’s obligations with respect to such Securities under Sections 304, 305, 306, 1002 and 1003, (3) the rights,
powers, trusts, duties and immunities of the Trustee hereunder and (4) this Article. Subject to compliance with this Article, the
Company may exercise its option (if any) to have this Section applied to any Securities notwithstanding the prior exercise of its
option (if any) to have Section 1303 applied to such Securities.

 

SECTION 1303. Covenant Defeasance.

 

Upon the Company’s exercise of its option (if any) to
have this Section applied to any Securities or any series of Securities, as the case may be, (1) the Company shall be released
from its obligations under any covenants provided pursuant to Section 301(18), 901(2) or 901(7) for the benefit of the Holders
of such Securities, and (2) the occurrence of any event specified in Section 501(3) shall be deemed not to be an Event of Default,
and (3) the occurrence of any event specified in subparagraph (C) of the definition of default and any such covenants provided
pursuant to Section 301(18), 901(2) and 901(7) shall be deemed not to be or result in a Default and (4) the provisions of Article
Fourteen shall cease to be effective, in each case with respect to such Securities as provided in this Section on and after the
date the conditions set forth in Section 1304 are satisfied (hereinafter called “Covenant Defeasance”). For this purpose,
such Covenant Defeasance means that, with respect to such Securities, 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 specified Section or Article Fourteen, whether directly or
indirectly by reason of any reference elsewhere herein to any such Section or Article or by reason of any reference in any such
Section or Article to any other provision herein or in any other document, but the remainder of this Indenture and such Securities
shall be unaffected thereby.

 

SECTION 1304. Conditions to Defeasance or Covenant Defeasance.

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The following shall be the conditions to the application of
Section 1302 or Section 1303 to any Securities or any series of Securities, as the case may be:

 

(1) The Company shall irrevocably have deposited or caused to
be deposited with the Trustee (or another trustee which satisfies the requirements contemplated by Section 609 and agrees to comply
with the provisions of this Indenture applicable to it as if it were the Trustee hereunder) as trust funds in trust for the purpose
of making the following payments, specifically pledged as security for, and dedicated solely to, the benefits of the Holders of
such Securities, (A) in the case of Securities of a series denominated in a foreign currency, money in such foreign currency or
Foreign Government Obligations of the foreign government or governments issuing such foreign currency which through the scheduled
payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before
the due date of any payment, such foreign currency in an amount or (B) in the case of Securities denominated in U.S. dollars, U.S.
dollars or U.S. Government Obligations which through the scheduled payment of principal and interest in respect thereof in accordance
with their terms will provide, not later than one day before the due date of any payment, U.S. dollars in an amount, or (C) a combination
of money and U.S. Government Obligations or Foreign Government Obligations (as applicable), in each case 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 any such other qualifying trustee) to pay and discharge,
the principal of and any premium and interest on such Securities on the respective Stated Maturities, in accordance with the terms
of this Indenture and such Securities. As used herein, “U.S. Government Obligation” means (x) any security which is
(i) a direct obligation of the United States of America for the payment of which the full faith and credit of the United States
of America is pledged or (ii) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality
of the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by the
United States of America, which, in either case (i) or (ii), is not callable or redeemable at the option of the issuer thereof,
and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect
to any U.S. Government Obligation which is specified in Clause (x) above and held by such bank for the account of the holder of
such depositary receipt, or with respect to any specific payment of principal of or interest on any U.S. Government Obligation
which is so specified and held, provided that (except as required by law) such custodian is not authorized to make any deduction
from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S.
Government Obligation or the specific payment of principal or interest evidenced by such depositary receipt. As used herein, “Foreign
Government Obligation” means any security denominated in a foreign currency which is (i) a direct obligation of a foreign
government or governments for the payment of which the full faith and credit of such foreign government or governments is pledged
or (ii) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of such foreign government
or governments the payment of which is unconditionally guaranteed as a full faith and credit obligation by such foreign government,
which, in either case (i) or (ii) is not callable or redeemable at the option of the issuer thereof.

 

(2) In the event of an election to have Section 1302 apply to
any Securities or any series of Securities, as the case may be, the Company shall have delivered to the Trustee an Opinion of Counsel
stating that (x) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (y) since
the date of this instrument, there has been a change in the applicable Federal income tax law, in either case (x) or (y) to the
effect that, and based thereon such opinion shall confirm that, the Holders of such Securities will not recognize gain or loss
for Federal income tax purposes as a result of the deposit, Defeasance and discharge to be effected with respect to such Securities
and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if
such deposit, Defeasance and discharge were not to occur.

 

(3) In the event of an election to have Section 1303 apply to
any Securities or any series of Securities, as the case may be, the Company shall have delivered to the Trustee an Opinion of Counsel
to the effect that the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of
the deposit and Covenant Defeasance to be effected with respect to such Securities and will be subject to Federal income tax on
the same amount, in the same manner and at the same times as would be the case if such deposit and Covenant Defeasance were not
to occur.

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(4) The Company shall have delivered to the Trustee an Officers’
Certificate to the effect that neither such Securities nor any other Securities of the same series, if then listed on any securities
exchange, will be delisted as a result of such deposit.

 

(5) No event which is, or after notice or lapse of time or both
would become, a Default with respect to such Securities or any other Securities shall have occurred and be continuing at the time
of such deposit or, with regard to any such event specified in Sections 501(1) and (2), at any time on or prior to the 90th day
after the date of such deposit or, if longer, ending on the day following the expiration of the longest preference period applicable
to the Company under Federal or State law in respect of such deposit (it being understood that this condition shall not be deemed
satisfied until after the expiration of such period).

 

(6) Such Defeasance or Covenant Defeasance shall not cause the
Trustee to have a conflicting interest within the meaning of the Trust Indenture Act (assuming all Securities are in default within
the meaning of such Act).

 

(7) At the time of such deposit, (A) no default in the payment
of all or a portion of principal of (or premium, if any) or interest on any Senior Indebtedness shall have occurred and be continuing,
and no event of default with respect to any Senior Indebtedness shall have occurred and be continuing and shall have resulted in
such Senior Indebtedness becoming or being declared due and payable prior to the date on which it would otherwise have become due
and payable and (B) such Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default
under, any other agreement or instrument to which the Company is a party or by which it is bound.

 

(8) Such Defeasance or Covenant Defeasance shall not result
in the trust arising from such deposit constituting an investment company within the meaning of the Investment Company Act unless
such trust shall be registered under such Act or exempt from registration thereunder.

 

(9) The Company shall have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that all conditions precedent with respect to such Defeasance or Covenant Defeasance
have been complied with including any conditions imposed in connection therewith pursuant to Section 301.

 

SECTION 1305. Deposited Money and U.S. Government Obligations
to Be Held in Trust; Miscellaneous Provisions.

 

Subject to the provisions of the last paragraph of Section 1003,
all money, U.S. Government Obligations and Foreign Government Obligations (including the proceeds thereof) deposited with the Trustee
or other qualifying trustee (solely for purposes of this Section and Section 1306, the Trustee and any such other trustee are referred
to collectively as the “Trustee”) pursuant to Section 1304 in respect of any Securities shall be held 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 such Paying Agent (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 any premium and interest, but money so
held in trust need not be segregated from other funds except to the extent required by law. Money, U.S. Government Obligations
and Foreign Government Obligations so held in trust shall not be subject to the provisions of Article Fourteen.

 

The Company shall pay and indemnify the Trustee against any
tax, fee or other charge imposed on or assessed against the U.S. Government Obligations or Foreign Government Obligations deposited
pursuant to Section 1304 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 Outstanding Securities of the relevant series.

 

Anything in this Article to the contrary notwithstanding, the
Trustee shall deliver or pay to the Company from time to time upon Company Request any money or U.S. Government Obligations or
Foreign Government Obligations held by it as provided in Section 1304 with respect to any Securities 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 the Defeasance or Covenant Defeasance,
as the case may be, with respect to such Securities.

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SECTION 1306. Reinstatement.

 

If the Trustee or the Paying Agent is unable to apply any money
in accordance with this Article with respect to any Securities by reason of any order or judgment of any court or governmental
authority enjoining, restraining or otherwise prohibiting such application, then the obligations under this Indenture and such
Securities from which the Company has been discharged or released pursuant to Section 1302 or 1303 shall be revived and reinstated
as though no deposit had occurred pursuant to this Article with respect to such Securities, until such time as the Trustee or Paying
Agent is permitted to apply all money held in trust pursuant to Section 1305 with respect to such Securities in accordance with
this Article; provided, however, that if the Company makes any payment of principal of or any premium or interest
on any such Security following such reinstatement of its obligations, the Company shall be subrogated to the rights (if any) of
the Holders of such Securities to receive such payment from the money so held in trust.

 

ARTICLE FOURTEEN

 

SUBORDINATION OF SECURITIES

 

SECTION 1401. Securities Subordinate to Senior Indebtedness.

 

The Company covenants and agrees, and each Holder of a Security,
by his acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Article
and except to the extent otherwise provided pursuant to Section 301(22), the indebtedness represented by the Securities and the
payment of the principal of (and premium, if any) and interest on each and all of the Securities are hereby expressly made subordinate
and subject in right of payment to the prior payment in full of all Senior Indebtedness and, to the extent set forth in this Article,
all Other Financial Obligations.

 

SECTION 1402. Payment Over of Proceeds Upon Dissolution,
Etc.

 

In the event of (a) any insolvency or bankruptcy case or proceeding,
or any receivership, liquidation, reorganization or other similar case or proceeding in connection therewith, relative to the Company
or to its creditors, as such, or to its assets, or (b) any liquidation, dissolution or other winding up of the Company, whether
voluntary or involuntary and whether or not involving insolvency or bankruptcy, or (c) any assignment for the benefit of creditors
or any other marshalling of assets and liabilities of the Company, then and in any such event the holders of Senior Indebtedness
shall be entitled to receive payment in full of all amounts due or to become due on or in respect of all Senior Indebtedness, or
provision shall be made for such payment in money or money’s worth, before the Holders of the Securities are entitled to
receive any payment on account of principal of (or premium, if any) or interest on the Securities, and to that end the holders
of Senior Indebtedness shall be entitled to receive, for application to the payment thereof, any payment or distribution of any
kind or character, whether in cash, property or securities, including any such payment or distribution which may be payable or
deliverable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of the Securities,
which may be payable or deliverable in respect of the Securities in any such case, proceeding, dissolution, liquidation or other
winding up or event.

 

In the event that, notwithstanding the foregoing provisions
of this Section, the Trustee or the Holder of any Security shall have received any payment or distribution of assets of the Company
of any kind or character, whether in cash, property or securities, including any such payment or distribution which may be payable
or deliverable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of the Securities,
before all Senior Indebtedness is paid in full or payment thereof provided for, and if such fact shall, at or prior to the time
of such payment or distribution, have been made known to the Trustee or, as the case may be, such Holder, then and in such event
such payment or distribution shall be paid over or delivered forthwith to the trustee in bankruptcy, receiver, liquidating trustee,
custodian, assignee, agent or other Person making payment or distribution of assets of the Company for application to the payment
of all Senior Indebtedness remaining unpaid, to the extent necessary to pay all Senior Indebtedness in full, after giving effect
to any concurrent payment or distribution to or for the holders of Senior Indebtedness.

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For purposes of this Article only, the words “cash, property
or securities” shall not be deemed to include shares of stock of the Company as reorganized or readjusted, or securities
of the Company or any other corporation provided for by a plan of reorganization or readjustment which are subordinated in right
of payment to all Senior Indebtedness which may at the time be outstanding to substantially the same extent as, or to a greater
extent than, the Securities are so subordinated as provided in this Article. The consolidation of the Company with, or the merger
of the Company into, another Person or the liquidation or dissolution of the Company following the conveyance or transfer of its
properties and assets substantially as an entirety to another Person upon the terms and conditions set forth in Article Eight shall
not be deemed a dissolution, winding up, liquidation, reorganization, assignment for the benefit of creditors or marshalling of
assets and liabilities of the Company for the purposes of this Section if the Person formed by such consolidation or into which
the Company is merged or the Person which acquires by conveyance or transfer such properties and assets substantially as an entirety,
as the case may be, shall, as a part of such consolidation, merger, conveyance or transfer, comply with the conditions set forth
in Article Eight.

 

SECTION 1403. Prior Payment to Senior Indebtedness Upon Acceleration
of Securities.

 

In the event that any Securities are declared due and payable
before their Stated Maturity, then and in such event the holders of Senior Indebtedness shall be entitled to receive payment in
full of all amounts due or to become due on or in respect of all Senior Indebtedness or provision shall be made for such payment
in money or money’s worth, before the Holders of the Securities are entitled to receive any payment (including any payment
which may be payable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of the
Securities) by the Company on account of the principal of (or premium, if any) or interest on the Securities or on account of the
purchase or other acquisition of Securities; provided, however, that nothing in this Section shall prevent the satisfaction
of any sinking fund payment in accordance with Article Twelve by delivering and crediting pursuant to Section 1202 Securities which
have been acquired (upon redemption or otherwise) prior to such declaration of acceleration.

 

In the event that, notwithstanding the foregoing, the Company
shall make any payment to the Trustee or the Holder of any Security prohibited by the foregoing provisions of this Section, and
if such fact shall, at or prior to the time of such payment, have been made known to the Trustee or, as the case may be, such Holder,
then and in such event such payment shall be paid over and delivered forthwith to the Company.

 

The provisions of this Section shall not apply to any payment
with respect to which Section 1402 would be applicable.

 

SECTION 1404. No Payment When Senior Indebtedness in Default.

 

(a) In the event and during the continuation of any default
in the payment of principal of (or premium, if any) or interest on any Senior Indebtedness beyond any applicable grace period with
respect thereto, or in the event that any event of default with respect to any Senior Indebtedness shall have occurred and be continuing
permitting the holders of such Senior Indebtedness (or a trustee on behalf of the holders thereof) to declare such Senior Indebtedness
due and payable prior to the date on which it would otherwise have become due and payable, unless and until such event of default
shall have been cured or waived or shall have ceased to exist and such acceleration shall have been rescinded or annulled, or (b)
in the event any judicial proceeding shall be pending with respect to any such default in payment or event of default, then no
payment (including any payment which may be payable by reason of the payment of any other indebtedness of the Company being subordinated
to the payment of the Securities) shall be made by the Company on account of principal of (or premium, if any) or interest on the
Securities or on account of the purchase or other acquisition of Securities; provided, however, that nothing in this
Section shall prevent the satisfaction of any sinking fund payment in accordance with Article Twelve by delivering and crediting
pursuant to Section 1202 Securities which have been acquired (upon redemption or otherwise) prior to such default in payment or
event of default.

 

In the event that, notwithstanding the foregoing, the Company
shall make any payment to the Trustee or the Holder of any Security prohibited by the foregoing provisions of this Section, and
if such fact shall, at or prior to the time of such payment, have been made known to the Trustee or, as the case may be, such Holder,
then and in such event such payment shall be paid over and delivered forthwith to the Company.

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The provisions of this Section shall not apply to any payment
with respect to which Section 1402 would be applicable.

 

SECTION 1405. Payment Permitted in Certain Situations.

 

Nothing contained in this Article or elsewhere in this Indenture
or in any of the Securities shall prevent (a) the Company, at any time except during the pendency of any case, proceeding, dissolution,
liquidation or other winding up, assignment for the benefit of creditors or other marshalling of assets and liabilities of the
Company referred to in Section 1402 or under the conditions described in Section 1403 or 1404, from making payments at any time
of principal of (and premium, if any) or interest on the Securities or (b) the application by the Trustee of any money deposited
with it hereunder to the payment of or on account of the principal of (and premium, if any) or interest on the Securities of any
series or the retention of such payment by the Holder, if, at the time of such application by the Trustee, it did not have actual
knowledge that such payment would have been prohibited by the provisions of this Article.

 

SECTION 1406. Subrogation to Rights of Holders of Senior
Indebtedness.

 

Subject to the payment in full of all Senior Indebtedness, the
Holders of the Securities shall be subrogated to the extent of the payments or distributions made to the holders of such Senior
Indebtedness pursuant to the provisions of this Article (equally and ratably with the holders of all indebtedness of the Company
which by its express terms is subordinated to indebtedness of the Company to substantially the same extent as the Securities are
subordinated and is entitled to like rights of subrogation) to the rights of the holders of such Senior Indebtedness to receive
payments and distributions of cash, property and securities applicable to the Senior Indebtedness until the principal of (and premium,
if any) and interest on the Securities shall be paid in full. For purposes of such subrogation, no payments or distributions to
the holders of the Senior Indebtedness of any cash, property or securities to which the Holders of the Securities or the Trustee
would be entitled except for the provisions of this Article, and no payments over pursuant to the provisions of this Article to
the holders of Senior Indebtedness by Holders of the Securities or the Trustee, shall, as among the Company, its creditors other
than holders of Senior Indebtedness and the Holders of the Securities, be deemed to be a payment or distribution by the Company
to or on account of the Senior Indebtedness.

 

SECTION 1407. Provisions Solely to Define Relative Rights.

 

The provisions of this Article are and are intended solely for
the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness
(and, in the case of Section 1415, Entitled Persons in respect of Other Financial Obligations) on the other hand. Nothing contained
in this Article or elsewhere in this Indenture or in the Securities is intended to or shall (a) impair, as among the Company, its
creditors other than holders of Senior Indebtedness and other than Entitled Persons in respect of Other Financial Obligations and
the Holders of the Securities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights
under this Article of the holders of Senior Indebtedness and Entitled Persons in respect of Other Financial Obligations, is intended
to rank equally with all other general obligations of the Company), to pay to the Holders of the Securities the principal of (and
premium, if any) and interest on the Securities as and when the same shall become due and payable in accordance with their terms;
or (b) affect the relative rights against the Company of the Holders of the Securities and creditors of the Company other than
the holders of Senior Indebtedness and Entitled Persons in respect of Other Financial Obligations; or (c) prevent the Trustee or
the Holder of any Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture,
subject to the rights, if any, under this Article of the holders of Senior Indebtedness and under Section 1415 of Entitled Persons
in respect of Other Financial Obligations, to receive cash, property and securities otherwise payable or deliverable to the Trustee
or such Holder.

 

SECTION 1408. Trustee to Effectuate Subordination.

 

Each Holder of a Security by his acceptance thereof authorizes
and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided
in this Article and appoints the Trustee his attorney-in-fact for any and all such purposes.

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SECTION 1409. No Waiver of Subordination Provisions.

 

No right of any present or future holder of any Senior Indebtedness
to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act
on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any non-compliance by the
Company with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof any such holder may have
or be otherwise charged with.

 

Without in any way limiting the generality of the foregoing
paragraph, the holders of Senior Indebtedness (and Entitled Persons in respect of Other Financial Obligations) may, at any time
and from time to time, without the consent of or notice to the Trustee or the Holders of the Securities, without incurring responsibility
to the Holders of the Securities and without impairing or releasing the subordination provided in this Article or the obligations
hereunder of the Holders of the Securities to the holders of Senior Indebtedness and Entitled Persons in respect of Other Financial
Obligations, do any one or more of the following: (i) change the manner, place or terms of payment or extend the time of payment
of, or renew or alter, Senior Indebtedness or Other Financial Obligations, or otherwise amend or supplement in any manner Senior
Indebtedness or Other Financial Obligations or any instrument evidencing the same or any agreement under which Senior Indebtedness
is or Other Financial Obligations are outstanding; (ii) sell, exchange, release or otherwise deal with any property pledged, mortgaged
or otherwise securing Senior Indebtedness or Other Financial Obligations; (iii) release any Person liable in any manner for the
collection of Senior Indebtedness or Other Financial Obligations; and (iv) exercise or refrain from exercising any rights against
the Company and any other Person.

 

SECTION 1410. Notice to Trustee.

 

The Company shall give prompt written notice to the Trustee
of any fact known to the Company which would prohibit the making of any payment to or by the Trustee in respect of the Securities.
Failure to give notice shall not affect the subordination of the securities to Senior Indebtedness. Notwithstanding the provisions
of this Article or any other provision of this Indenture, the Trustee shall not be charged with knowledge of the existence of any
facts which would prohibit the making of any payment to or by the Trustee in respect of the Securities, unless and until the Trustee
shall have received written notice thereof at the address specified in Section 105 from the Company or a holder of Senior Indebtedness
or from any trustee therefor or from any Entitled Persons in respect of Other Financial Obligations; and, prior to the receipt
of any such written notice, the Trustee, subject to the provisions of Section 601, shall be entitled in all respects to assume
that no such facts exist; provided, however, that if a Responsible Officer of the Trustee shall not have received,
at least three Business Days prior to the date upon which by the terms hereof any such money may become payable for any purpose
(including, without limitation, the payment of the principal amount, Redemption Price, purchase price, change in control purchase
price or interest, if any, as the case may be, in respect of any Security), the notice with respect to such money provided for
in this Section 1410, then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power and authority
to receive such money and to apply the same to the purpose for which such money was received and shall not be affected by any notice
to the contrary which may be received by it within three Business Days prior to such date.

 

Subject to the provisions of Section 601, the Trustee shall
be entitled to rely on the delivery to it of a written notice by a Person representing himself to be a holder of Senior Indebtedness
(or a trustee therefor) or an Entitled Person in respect of Other Financial Obligations to establish that such notice has been
given by a holder of Senior Indebtedness (or a trustee therefor) or an Entitled Person in respect of Other Financial Obligations.
In the event that the Trustee determines in good faith that further evidence is required with respect to the right of any Person
as a holder of Senior Indebtedness or an Entitled Person in respect of Other Financial Obligations to participate in any payment
or distribution pursuant to this Article, the Trustee may request such Person to furnish evidence to the reasonable satisfaction
of the Trustee as to the amount of Senior Indebtedness or Other Financial Obligations held by such Person, the extent to which
such Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person
under this Article, and if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination
as to the right of such Person to receive such payment.

 

SECTION 1411. Reliance on Judicial Order or Certificate of
Liquidating Agent.

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Upon any payment or distribution of assets of the Company referred
to in this Article, the Trustee, subject to the provisions of Section 601, and the Holders of the Securities shall be entitled
to rely upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership,
liquidation, reorganization, dissolution, winding up or similar case or proceeding is pending, or a certificate of the trustee
in bankruptcy, receiver, liquidating trustee, custodian, assignee for the benefit of creditors, agent or other Person making such
payment or distribution, delivered to the Trustee or to the Holders of Securities, for the purpose of ascertaining the Persons
entitled to participate in such payment or distribution, the holders of Senior Indebtedness and other indebtedness of the Company
and the Entitled Persons in respect of Other Financial Obligations, the amount thereof or payable thereon, the amount or amounts
paid or distributed thereon and all other facts pertinent thereto or to this Article.

 

SECTION 1412. Trustee Not Fiduciary for Holders of Senior
Indebtedness or Entitled Persons.

 

The Trustee shall not be deemed to owe any fiduciary duty to
the holders of Senior Indebtedness or Entitled Persons in respect of Other Financial Obligations and shall not be liable to any
such holders or creditors if it shall in good faith mistakenly pay over or distribute to Holders of Securities or to the Company
or to any other Person cash, property or securities to which any holders of Senior Indebtedness or Entitled Persons in respect
of Other Financial Obligations shall be entitled by virtue of this Article or otherwise.

 

With respect to the holders of Senior Indebtedness, the Trustee
undertakes to perform or to observe only such of its covenants or obligations as are specifically set forth in this Article and
no implied covenants or obligations with respect to holders of Senior Indebtedness shall be read into this Indenture against the
Trustee.

 

SECTION 1413. Rights of Trustee as Holder of Senior Indebtedness
or Entitled Person; Preservation of Trustee’s Rights.

 

The Trustee or any Authenticating Agent in its individual capacity
shall be entitled to all the rights set forth in this Article with respect to any Senior Indebtedness which may at any time be
held by it and with respect to any Other Financial Obligations owed to the Trustee as an Entitled Person, to the same extent as
any other holder of Senior Indebtedness or Entitled Person in respect of Other Financial Obligations, as the case may be, and nothing
in this Indenture shall deprive the Trustee of any of its rights as such holder or Entitled Person.

 

Nothing in this Article shall apply to claims of, or payments
to, the Trustee under or pursuant to Section 607.

 

SECTION 1414. Article Applicable to Paying Agents.

 

In case at any time any Paying Agent other than the Trustee
shall have been appointed by the Company and be then acting hereunder, the term “Trustee” as used in this Article shall
in such case (unless the context otherwise requires) be construed as extending to and including such Paying Agent within its meaning
as fully for all intents and purposes as if such Paying Agent were named in this Article in addition to or in place of the Trustee;
provided, however, that Section 1413 shall not apply to the Company or any Affiliate of the Company if it or such Affiliate acts
as Paying Agent.

 

SECTION 1415. Securities to Rank Pari Passu with all other
Securities.

 

(a) Subject to the provisions of this Section and to any provisions
established or determined with respect to Securities of any series pursuant to Section 301, the Securities shall rank pari passu
in right of payment with all other Securities.

 

(b) Upon the occurrence of any of the events specified in clauses
(a), (b) and (c) of the first paragraph of Section 1402, the provisions of that Section shall be given effect on a pro rata basis
to determine the amount of cash, property or securities which may be payable or deliverable as between the holders of Senior Indebtedness,
on the one hand, and the Holders of Securities, on the other hand.

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(c) If, after giving effect to the provisions of Section 1402,
Section 1406 and the respective corresponding provisions of each indenture or other instrument or document establishing or governing
the terms of any Senior Indebtedness, any amount of cash, property or securities shall be available for payment or distribution
in respect of the Securities (“Excess Proceeds”), and any Entitled Persons in respect of Other Financial Obligations
shall not have received payment in full of all amounts due or to become due on or in respect of such Other Financial Obligations
(and provision shall not have been made for such payment in money or money’s worth), then such Excess Proceeds shall first
be applied (ratably with any amount of cash, property or securities available for payment or distribution in respect of any other
indebtedness of the Company that by its express terms provides for the payment over of amounts corresponding to Excess Proceeds
to Entitled Persons in respect of Other Financial Obligations) to pay or provide for the payment of the Other Financial Obligations
remaining unpaid, to the extent necessary to pay all Other Financial Obligations in full, after giving effect to any concurrent
payment or distribution to or for Entitled Persons in respect of Other Financial Obligations. Any Excess Proceeds remaining after
the payment (or provision for payment) in full of all Other Financial Obligations shall be available for payment or distribution
in respect of the Securities.

 

(d) In the event that, notwithstanding the foregoing provisions
of subsection (c) of this Section, after the occurrence of any of the events specified in clauses (a), (b) and (c) of the first
paragraph of Section 1402, the Trustee or Holder of any Security shall have received any payment or distribution of assets of the
Company of any kind or character, whether in cash, property or securities, before all Other Financial Obligations are paid in full
or payment thereof duly provided for, and if such fact shall, at or prior to the time of such payment or distribution, have been
made known to the Trustee or, as the case may be, such Holder, then and in such event, subject to any obligation that the Trustee
or such Holder may have pursuant to Section 1402, such payment or distribution shall be paid over or delivered forthwith to the
trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee, agent or other Person making payment or distribution
of assets of the Company for payment in accordance with subsection (c).

 

(e) Subject to the payment in full of all Other Financial Obligations,
the Holders of the Securities shall be subrogated (equally and ratably with the holders of all indebtedness of the Company that
by its express terms provides for the payment over of amounts corresponding to Excess Proceeds to Entitled Persons in respect of
Other Financial Obligations and is entitled to like rights of subrogation) to the extent of the payments or distributions made
to Entitled Persons in respect of Other Financial Obligations pursuant to subsection (c) or (d) of this Section to the rights of
the Entitled Persons in respect of Other Financial Obligations to receive payments and distributions of cash, property and securities
applicable to the Other Financial Obligations until the principal of (and premium, if any) and interest on the Securities shall
be paid in full. For purposes of such subrogation, no payments or distributions to Entitled Persons in respect of Other Financial
Obligations of any cash, property or securities to which Holders of the Securities or the Trustee would be entitled except for
the provisions of this Section, and no payments over pursuant to the provisions of this Section to Entitled Persons in respect
of Other Financial Obligations by Holders of Securities or the Trustee, shall, as among the Company, its creditors other than Entitled
Persons in respect of Other Financial Obligations and the Holders of Securities be deemed to be a payment or distribution by the
Company to or on account of the Other Financial Obligations.

 

(f) The provisions of subsections (c), (d) and (e) of this Section
are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities, on the one hand,
and the Entitled Persons in respect of Other Financial Obligations, on the other hand, after giving effect to the rights of the
holders of Senior Indebtedness, as provided in this Article. Nothing contained in subsections (c), (d) and (e) of this Section
is intended to or shall affect the relative rights against the Company of the Holders of the Securities and creditors of the Company
other than Entitled Persons in respect of Other Financial Obligations.

 

SECTION 1416. Certain Conversions Deemed Payment.

 

For purposes of this Article only, (1) the issuance and delivery
of junior securities upon conversion of Securities in accordance with Article Fifteen shall not be deemed to constitute a payment
or distribution on account of the purchase or other acquisition of Securities, and (2) the payment, issuance or delivery of cash
(other than cash payable in lieu of a fractional share as provided by Section 1504), property or securities (other than junior
securities) upon conversion of a security shall be deemed to constitute payment on account of the principal of such Securities.
For purposes of this Section, the term “junior securities” means (a) shares of any stock of any class of the Company

    	II-54

    	

    

and (b) securities of the Company which are subordinated in
right of payment to all Senior Indebtedness and all Other Financial Obligations which may be outstanding at the time of issuance
or delivery of such securities to substantially the same extent as, or to a greater extent than, the Securities are so subordinated
as provided in this Article. Nothing contained in this Article or elsewhere in this Indenture or in the Securities is intended
to or shall impair, as among the Company, its creditors other than holders of Senior Indebtedness and Other Financial Obligations
and the Holders of the Securities, the right, which is absolute and unconditional, of the Holder of any convertible Security to
convert such Security in accordance with Article Fifteen.

 

ARTICLE FIFTEEN

 

CONVERSION OF SECURITIES

 

SECTION 1501. Applicability of Article.

 

The Company may elect, at its option at any time, to have Section
1502 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being convertible
into Common Stock of the Company pursuant to such Section 1502, in accordance with any applicable requirements provided pursuant
to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by
a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

 

SECTION 1502. Conversion Privilege and Conversion Price.

 

Subject to and upon compliance with the provisions of this Article,
at the option of the Holder thereof, any Security or any portion of the principal amount thereof which is an integral multiple
of the authorized denomination thereof may be converted at the principal amount thereof, or of such portion thereof, into fully
paid and nonassessable shares (calculated as to each conversion to the nearest 1/100 of a share) of Common Stock of the Company,
at the conversion price for Securities of such series, determined as hereinafter provided, in effect at the time of conversion.
Such conversion right shall commence at the opening of business on the Initial Conversion Date and expire at the close of business
on the Final Conversion Date. In case a Security or portion thereof is called for redemption, such conversion right in respect
of the Security or portion so called shall expire at the close of business on the Redemption Date, unless the Company defaults
in making the payment due upon redemption.

 

The price at which shares of Common Stock shall be delivered
upon conversion of Securities of a series (herein called the “conversion price” for Securities of such series) shall
be initially the Initial Conversion Price for Securities of such series per share of Common Stock. The conversion price shall be
adjusted in certain instances as provided in paragraphs (1), (2), (3) and (4) of Section 1505.

 

SECTION 1503. Exercise of Conversion Privilege.

 

In order to exercise the conversion privilege, the Holder of
any Security to be converted shall surrender such Security, duly endorsed or assigned to the Company or in blank, at a Place of
Payment, accompanied by written notice to the Company that the Holder elects to convert such Security or, if less than the entire
principal amount thereof is to be converted, the portion thereof to be converted. Securities surrendered for conversion during
the period from the close of business on any Regular Record Date next preceding any Interest Payment Date to the opening of business
on such Interest Payment Date shall (except in the case of Securities or portions thereof which have been called for redemption
on a Redemption Date within such period) be accompanied by payment in funds acceptable to the Company of an amount equal to the
interest payable on such Interest Payment Date on the principal amount of Securities being surrendered for conversion. Except as
provided in the preceding sentence and subject to the last paragraph of Section 307, no payment or adjustment shall be made upon
any conversion on account of any interest accrued on the Securities surrendered for conversion or on account of any dividends on
the Common Stock issued upon conversion.

 

Securities shall be deemed to have been converted immediately
prior to the close of business on the day of surrender of such Securities for conversion in accordance with the foregoing provisions,
and at such time the rights of the Holders of such Securities as Holders shall cease, and the Person or Persons entitled to receive
the Common Stock

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issuable upon conversion shall be treated for all purposes as
the record holder or holders of such Common Stock at such time. As promptly as practicable on or after the conversion date, the
Company shall issue and shall deliver at such office or agency a certificate or certificates for the number of full shares of Common
Stock issuable upon conversion, together with payment in lieu of any fraction of a share, as provided in Section 1504.

 

In the case of any Security of a series which is converted in
part only, upon such conversion the Company shall execute and the Trustee shall authenticate and deliver to the Holder thereof,
at the expense of the Company, a new Security or Securities of such series of like tenor and in authorized denominations in aggregate
principal amount equal to the unconverted portion of the principal amount of such Security.

 

SECTION 1504. Fractions of Shares.

 

No fractional shares of Common Stock shall be issued upon conversion
of Securities. If more than one Security of a series shall be surrendered for conversion at one time by the same Holder, the number
of full shares which shall be issuable upon conversion thereof shall be computed on the basis of the aggregate principal amount
of the Securities of such series (or specified portions thereof) so surrendered. Instead of any fractional share of Common Stock
which would otherwise be issuable upon conversion of any Security or Securities (or specified portion thereof), the Company shall
pay a cash adjustment in respect of such fraction in an amount equal (computed to the nearest cent) to the same fraction of the
market price per share of Common Stock (as determined by the Board of Directors or in any manner prescribed by the Board of Directors)
at the close of business on the day of conversion.

 

SECTION 1505. Adjustment of Conversion Price.

 

(1) In case at any time after the date of establishment of the
Initial Conversion Price with respect to Securities of a series the Company shall pay or make a dividend or other distribution
in shares of Common Stock on any class of capital stock of the Company, the conversion price in effect at the opening of business
on the day following the date fixed for the determination of stockholders entitled to receive such dividend or other distribution
shall be reduced by multiplying such conversion price by a fraction of which the numerator shall be the number of shares of Common
Stock outstanding at the close of business on the date fixed for such determination and the denominator shall be the sum of such
number of shares and the total number of shares constituting such dividend or other distribution, such reduction to become effective
immediately after the opening of business on the day following the date fixed for such determination. For the purposes of this
paragraph, the number of shares of Common Stock at any time outstanding shall not include shares held in the treasury of the Company.
The Company will not pay any dividend or make any distribution on shares of Common Stock held in the treasury of the Company.

 

(2) In case at any time after the date of establishment of the
Initial Conversion Price with respect to Securities of a series the Company shall issue rights or warrants to all holders of its
Common Stock entitling them to subscribe for or purchase shares of Common Stock at a price per share less than the current market
price per share (determined as provided in paragraph (6) of this Section) of the Common Stock on the date fixed for the determination
of stockholders entitled to receive such rights or warrants, the conversion price in effect at the opening of business on the day
following the date fixed for such determination shall be reduced by multiplying such conversion price by a fraction of which the
numerator shall be the number of shares of Common Stock outstanding at the close of business on the date fixed for such determination
plus the number of shares of Common Stock which the aggregate of the offering price of the total number of shares of Common Stock
so offered for subscription or purchase would purchase at such current market price and the denominator shall be the number of
shares of Common Stock outstanding at the close of business on the dated fixed for such determination plus the number of shares
of Common Stock so offered for subscription or purchase, such reduction to become effective immediately after the opening of business
on the day following the date fixed for such determination. For the purposes of this paragraph (2), the number of shares of Common
Stock at any time outstanding shall not include shares held in the treasury of the Company. The Company will not issue any rights
or warrants in respect of shares of Common Stock held in the treasury of the Company.

 

(3) In case at any time after the date of establishment of the
Initial Conversion Price with respect to Securities of a series outstanding shares of Common Stock shall be subdivided into a greater
number of shares of Common Stock, the conversion price in effect at the opening of business on the day following the day upon which
such subdivision becomes effective shall be proportionately reduced, and, conversely, in case outstanding shares of

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Common Stock shall each be combined into a smaller number of
shares of Common Stock, the conversion price in effect at the opening of business on the day following the day upon which such
combination becomes effective shall be proportionately increased, such reduction or increase, as the case may be, to become effective
immediately after the opening of business on the day following the day upon which such subdivision or combination becomes effective.

 

(4) In case at any time after the date of establishment of the
Initial Conversion Price with respect to Securities of a series the Company shall, by dividend or otherwise, distribute to all
holders of its Common Stock evidences of its indebtedness or assets (including securities, but excluding any rights or warrants
referred to in paragraph (2) of this Section, any dividend or distribution paid in cash and any dividend or distribution referred
to in paragraph (1) of this Section), the conversion price shall be adjusted so that the same shall equal the price determined
by multiplying the conversion price in effect immediately prior to the close of business on the date fixed for the determination
of stockholders entitled to receive such distribution by a fraction of which the numerator shall be the current market price per
share (determined as provided in paragraph (6) of this Section) of the Common Stock on the date fixed for such determination less
the then fair market value (as determined by the Board of Directors, whose determination shall be conclusive and described in a
Board Resolution filed with the Trustee) of the portion of assets or evidences of indebtedness so distributed applicable to one
share of Common Stock and the denominator shall be such current market price per share of the Common Stock, such adjustment to
become effective immediately prior to the opening of business on the day following the date fixed for the determination of stockholders
entitled to receive such distribution.

 

(5) The reclassification of Common Stock into securities other
than Common Stock (other than any reclassification upon a consolidation or merger to which Section 1512 applies) shall be deemed
to involve (a) a distribution of such securities other than Common Stock to all holders of Common Stock (and the effective date
of such reclassification shall be deemed to be “the date fixed for the determination of stockholders entitled to receive
such distribution” and “the date fixed for such determination” within the meaning of paragraph (4) of this Section),
and (b) a subdivision or combination, as the case may be, of the number of shares of Common Stock outstanding immediately prior
to such reclassification into the number of shares of Common Stock outstanding immediately thereafter (and the effective date of
such reclassification shall be deemed to be “the day upon which such subdivision becomes effective” or “the day
upon which such combination becomes effective”, as the case may be, and “the day upon which such subdivision or combination
becomes effective” within the meaning of paragraph (3) of this Section).

 

(6) For the purpose of any computation under paragraphs (2)
and (4) of this Section, the current market price per share of Common Stock on any date shall be deemed to be the average of the
daily closing prices for five consecutive Trading Days selected by the Company commencing not more than 20 Trading days before,
and ending not later than, the earlier of the day in question and the day before the “ex” date with respect to the
issuance or distribution requiring such computation. The closing price for each day shall be the last reported sales price regular
way (without giving effect to extended or after hours trading) or, in case no such reported sale takes place on such day, the average
of the reported closing bid and asked prices regular way, in either case on the New York Stock Exchange or, if the Common Stock
is not listed or admitted to trading on such Exchange, on the principal national securities exchange on which the Common Stock
is listed or admitted to trading or, if the Common Stock is not listed or admitted to trading on any national securities exchange
or, the average of the closing bid and asked prices in the over-the-counter market as furnished by any New York Stock Exchange
member firm selected from time to time by the Company for that purpose. For the purposes of this paragraph (6) the term “Trading
Day” shall mean each Monday, Tuesday, Wednesday, Thursday and Friday, other than any day on which the Common Stock does not
trade regular way on such exchange or in such market, and the term “‘ex’ date”, when used with respect
to any issuance or distribution, shall mean the first date on which the Common Stock trades regular way on such exchange or in
such market without the right to receive such issuance or distribution.

 

(7) No adjustment in the conversion price shall be required
unless such adjustment would require an increase or decrease of at least 1% in such price; provided, however, that any adjustment
which by reason of this paragraph (7) is not required to be made shall be carried forward and taken into account in any subsequent
adjustment; and all calculations under this paragraph (7) shall be made to the nearest cent.

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(8) The Company may make such reductions in the conversion price,
in addition to those required by paragraphs (1), (2), (3) and (4) of this Section, as it considers to be advisable in order that
any event treated for Federal income tax purposes as a dividend of stock or stock rights shall not be taxable to the recipients.

 

SECTION 1506. Notice of Adjustments of Conversion Price.

 

Whenever the conversion price is adjusted as herein provided:

 

(a) the Company shall compute the adjusted conversion price
in accordance with Section 1505 and shall prepare a certificate signed by the Treasurer of the Company setting forth the adjusted
conversion price and showing in reasonable detail the facts upon which such adjustment is based, and such certificate shall forthwith
be filed at each Place of Payment; and

 

(b) a notice stating that the conversion price has been adjusted
and setting forth the adjusted conversion price shall forthwith be required, and as soon as practicable after it is required, such
notice shall be mailed by the Company to all Holders at their respective last addresses as they shall appear in the Security Register.

 

SECTION 1507. Notice of Certain Corporate Action.

 

In case at any time on or after the Initial Conversion Date:

 

(a) the Company shall declare a dividend (or any other distribution)
on its Common Stock payable otherwise than in cash;

 

(b) the Company shall authorize the granting to the holders
of its Common Stock of rights or warrants to subscribe for or purchase any shares of capital stock of any class or of any other
rights;

 

(c) of any reclassification of the Common Stock of the Company
(other than a subdivision or combination of its outstanding shares of Common Stock), or of any consolidation or merger to which
the Company is a party and for which approval of any stockholders of the Company is required, or of the sale or transfer of all
or substantially all of the assets of the Company; or

 

(d) of the voluntary or involuntary dissolution, liquidation
or winding up of the Company;

 

then the Company shall cause to be filed at each Place of Payment,
and shall cause to be mailed to all Holders at their respective last addresses as they shall appear in the Security Register, at
least 20 days (or 10 days in any case specified in Clause (a) or (b) above) prior to the applicable record or effective date hereinafter
specified, a notice stating (x) the date on which a record is to be taken for the purpose of such dividend, distribution, rights
or warrants, or, if a record is not to be taken, the date as of which the holders of Common Stock of record to be entitled to such
dividend, distribution, rights or warrants are to be determined, or (y) the date on which such reclassification, consolidation,
merger, sale, transfer, dissolution, liquidation or winding up is expected to become effective, and the date as of which it is
expected that holders of Common Stock of record shall be entitled to exchange their shares of Common Stock for securities, cash
or other property deliverable upon such reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding
up.

 

SECTION 1508. Company to Reserve Common Stock.

 

The Company shall at all times reserve and keep available, free
from pre-emptive rights, out of its authorized but unissued Common Stock, for the purpose of effecting the conversion of Securities,
the full number of shares of Common Stock then issuable upon the conversion of all outstanding Securities.

 

SECTION 1509. Taxes on Conversions.

 

The Company will pay any and all taxes that may be payable in
respect of the issue or delivery of shares of Common Stock on conversion of Securities pursuant hereto. The Company shall not,
however, be required to pay

    	II-58

    	

    

any tax which may be payable in respect of any transfer involved
in the issue and delivery of shares of Common Stock in a name other than that of the Holder of the Security or Securities to be
converted, and no such issue or delivery shall be made unless and until the Person requesting such issue has paid to the Company
the amount of any such tax, or has established to the satisfaction of the Company that such tax has been paid.

 

SECTION 1510. Covenant as to Common Stock.

 

The Company covenants that all shares of Common Stock which
may be issued upon conversion of Securities will upon issue be fully paid and nonassessable and, except as provided in Section
1509, the Company will pay all taxes with respect to the issue thereof.

 

The Company covenants that if any shares of Common Stock to
be provided for the purpose of conversion of Securities hereunder require registration with or approval of any governmental authority
under any Federal or State law before such shares may be validly delivered upon conversion, the Company will in good faith and
as expeditiously as possible endeavor to secure such registration or approval, as the case may be.

 

SECTION 1511. Cancellation of Converted Securities.

 

All Securities delivered for conversion shall be delivered to
the Trustee to be cancelled by or at the direction of the Trustee, which shall dispose of the same as provided in Section 309.

 

SECTION 1512. Provisions in Case of Consolidation, Merger
or Sale of Assets.

 

In case of any consolidation of the Company with, or merger
of the Company into, any other Person, any merger of another Person into the Company (other than a merger which does not result
in any reclassification, conversion, exchange or cancellation of outstanding shares of Common Stock of the Company) or any sale
or transfer of all or substantially all of the assets of the Company, the Person formed by such consolidation or resulting from
such merger or which acquires such assets, as the case may be, shall execute and deliver to the Trustee a supplemental indenture
providing that the Holder of each Security then outstanding shall have the right thereafter, during the period such Security shall
be convertible as specified in Section 1502, to convert such Security only into the kind and amount of securities, cash and other
property receivable upon such consolidation, merger, sale or transfer by a holder of the number of shares of Common Stock of the
Company into which such Security might have been converted immediately prior to such consolidation, merger, sale or transfer, assuming
such holder of Common Stock of the Company (i) is not a Person with which the Company consolidated or into which the Company merged
or which merged into the Company or to which such sale or transfer was made, as the case may be (“constituent Person”),
or an Affiliate of a constituent Person and (ii) failed to exercise his rights of election, if any, as to the kind or amount of
securities, cash and other property receivable upon such consolidation, merger, sale or transfer (provided that if the kind or
amount of securities, cash and other property receivable upon such consolidation, merger, sale or transfer is not the same for
each share of Common Stock of the Company held immediately prior to such consolidation, merger, sale or transfer by others than
a constituent Person or an Affiliate thereof and in respect of which such rights of election shall not have been exercised (“non-electing
share”), then for the purpose of this Section the kind and amount of securities, cash and other property receivable upon
such consolidation, merger, sale or transfer by each non-electing share shall be deemed to be the kind and amount so receivable
per share by a plurality of the non-electing shares), and assuming, if such consolidation, merger, sale or transfer is prior to
the Initial Conversion Date, that the Securities were convertible at the time of such consolidation, merger, sale or transfer at
the Initial Conversion Price specified in Section 1502 as adjusted from the date of establishment of the Initial Conversion Price
with respect to Securities of a series to such time pursuant to paragraphs (1), (2), (3) and (4) of Section 1505. Such supplemental
indenture shall provide for adjustments which, for events subsequent to the effective date of such supplemental indenture, shall
be as nearly equivalent as may be practicable to the adjustments provided for in this Article. The above provisions of this Section
shall similarly apply to successive consolidations, mergers, sales or transfers.

 

SECTION 1513. Responsibility of Trustee.

    	II-59

    	

    

The Trustee shall not at any time be under any duty or responsibility
to any Holder of a Security to make or cause to be made any adjustment of the conversion price, or to determine whether any facts
exist which may require any such adjustment, or with respect to the nature or extent of any such adjustment when made, or with
respect to any method employed, herein or in any supplemental indenture provided to be employed, in making the same. The Trustee
shall not be accountable with respect to the validity or value (or the kind or amount) of any shares of Common Stock or of any
securities or property which may at any time be issued or delivered upon conversion of any Security; and the Trustee makes no representation
with respect thereto. The Trustee shall not be responsible for any failure of the Company to issue, transfer or deliver any shares
of Common Stock or stock certificates or other securities or property upon surrender of any Security for the purpose of conversion
or to comply with any of the covenants of the Company contained in this Article Fifteen. The Trustee shall not be responsible for
the Company’s failure to comply with this Article Fifteen. Each Conversion Agent (other than the Company or an Affiliate
of the Company) shall have the same protection under this Section 1513 as the Trustee.

 

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

 

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

 

	 	 	FIRST HORIZON NATIONAL CORPORATION
	 	 	 	 
	 	 	By	 
	 	 	 	 
	Attest:	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
	 	 	 	 
	 	 	By	 

    	II-60

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