Document:

EX-4.7

 Exhibit 4.7 

FORM OF INDENTURE 
 GLADSTONE
COMMERCIAL CORPORATION 
  
  

INDENTURE 
 Dated as of [
● ],              
  

 
 [
● ] 
 Trustee 
  

 

 CROSS-REFERENCE TABLE* 

 

					
	Trust Indenture
Act Section	 	 	  	Indenture Section
	 310(a)(1)
	 		  	7.10
	 (a)(2)
	 		  	7.10
	 (a)(3)
	 		  	N.A.
	 (a)(4)
	 		  	N.A.
	 (a)(5)
	 		  	7.10
	 (b)
	 		  	7.10
	 (c)
	 		  	N.A.
	 311(a)
	 		  	7.11
	 (b)
	 		  	7.11
	 (c)
	 		  	N.A.
	 312(a)
	 		  	2.06
	 (b)
	 		  	12.03
	 (c)
	 		  	12.03
	 313(a)
	 		  	7.06
	 (b)(2)
	 		  	7.06; 7.07
	 (c)
	 		  	7.06; 12.02
	 (d)
	 		  	7.06
	 314(a)
	 		  	4.03; 12.02; 12.05
	 (c)(1)
	 		  	12.04
	 (c)(2)
	 		  	12.04
	 (c)(3)
	 		  	N.A.
	 (e)
	 		  	12.05
	 (f)
	 		  	N.A.
	 315(a)
	 		  	7.01
	 (b)
	 		  	7.05, 12.02
	 (c)
	 		  	7.01
	 (d)
	 		  	7.01
	 (e)
	 		  	6.11
	 316(a) (last sentence)
	 		  	2.09
	 (a)(1)(A)
	 		  	6.05
	 (a)(1)(B)
	 		  	6.04
	 (a)(2)
	 		  	N.A.
	 (b)
	 		  	6.07
	 (c)
	 		  	2.13
	 317(a)(1)
	 		  	6.08
	 (a)(2)
	 		  	6.09
	 (b)
	 		  	2.05
	 318(a)
	 		  	12.01
	 (b)
	 		  	N.A.
	 (c)
	 		  	12.01

  
 N.A. means
not applicable. 

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

 TABLE OF CONTENTS 
  

					
	 	  	Page	 
	ARTICLE 1.	  

	DEFINITIONS AND INCORPORATION	  

	BY REFERENCE	  

	 Section 1.01 Definitions
	  	 	1	 
	 Section 1.02 Other Definitions
	  	 	6	 
	 Section 1.03 Incorporation by Reference of Trust Indenture Act
	  	 	6	 
	 Section 1.04 Rules of Construction
	  	 	7	 
	
	ARTICLE 2.	  

	THE SECURITIES	  

	 Section 2.01 Issuable in Series
	  	 	7	 
	 Section 2.02 Establishment of Terms of Series of Securities
	  	 	7	 
	 Section 2.03 Execution and Authentication
	  	 	10	 
	 Section 2.04 Registrar and Paying Agent
	  	 	11	 
	 Section 2.05 Paying Agent to Hold Money in Trust
	  	 	11	 
	 Section 2.06 Holder Lists
	  	 	11	 
	 Section 2.07 Transfer and Exchange
	  	 	12	 
	 Section 2.08 Replacement Securities
	  	 	12	 
	 Section 2.09 Outstanding Securities
	  	 	12	 
	 Section 2.10 Treasury Securities
	  	 	13	 
	 Section 2.11 Temporary Securities
	  	 	13	 
	 Section 2.12 Cancellation
	  	 	13	 
	 Section 2.13 Defaulted Interest
	  	 	13	 
	 Section 2.14 Global Securities
	  	 	14	 
	 Section 2.15 CUSIP Numbers
	  	 	15	 
	
	ARTICLE 3.	  

	REDEMPTION AND PREPAYMENT	  

	 Section 3.01 Notices to Trustee
	  	 	15	 
	 Section 3.02 Selection of Securities to Be Redeemed or Purchased
	  	 	15	 
	 Section 3.03 Notice of Redemption
	  	 	16	 
	 Section 3.04 Effect of Notice of Redemption
	  	 	17	 
	 Section 3.05 Deposit of Redemption or Purchase Price
	  	 	17	 
	 Section 3.06 Securities Redeemed or Purchased in Part
	  	 	17	 
	
	ARTICLE 4.	  

	COVENANTS	  

	 Section 4.01 Payment of Securities
	  	 	18	 
	 Section 4.02 Maintenance of Office or Agency
	  	 	18	 
	 Section 4.03 Reports
	  	 	19	 
	 Section 4.04 Compliance Certificate
	  	 	19	 
	 Section 4.05 Taxes
	  	 	19	 
	 Section 4.06 Stay, Extension and Usury Laws
	  	 	20	 
	 Section 4.07 Corporate Existence
	  	 	20	 

  
 i 

					
	 	  	Page	 
	ARTICLE 5.	  

	SUCCESSORS	  

	 Section 5.01 Merger, Consolidation, or Sale of Assets
	  	 	20	 
	 Section 5.02 Successor Person Substituted
	  	 	21	 
	
	ARTICLE 6.	  

	DEFAULTS AND REMEDIES	  

	 Section 6.01 Events of Default
	  	 	21	 
	 Section 6.02 Acceleration
	  	 	22	 
	 Section 6.03 Other Remedies
	  	 	23	 
	 Section 6.04 Waiver of Past Defaults
	  	 	23	 
	 Section 6.05 Control by Majority
	  	 	23	 
	 Section 6.06 Limitation on Suits
	  	 	24	 
	 Section 6.07 Rights of Holders of Securities to Receive Payment
	  	 	24	 
	 Section 6.08 Collection Suit by Trustee
	  	 	24	 
	 Section 6.09 Trustee May File Proofs of Claim
	  	 	24	 
	 Section 6.10 Priorities
	  	 	25	 
	 Section 6.11 Undertaking for Costs
	  	 	25	 
	
	ARTICLE 7.	  

	TRUSTEE	  

	 Section 7.01 Duties of Trustee
	  	 	26	 
	 Section 7.02 Rights of Trustee
	  	 	27	 
	 Section 7.03 Individual Rights of Trustee
	  	 	27	 
	 Section 7.04 Trustee’s Disclaimer
	  	 	28	 
	 Section 7.05 Notice of Defaults
	  	 	28	 
	 Section 7.06 Reports by Trustee to Holders of the Securities
	  	 	28	 
	 Section 7.07 Compensation and Indemnity
	  	 	28	 
	 Section 7.08 Replacement of Trustee
	  	 	29	 
	 Section 7.09 Successor Trustee by Merger, etc.
	  	 	30	 
	 Section 7.10 Eligibility; Disqualification
	  	 	30	 
	 Section 7.11 Preferential Collection of Claims Against Company
	  	 	30	 
	
	ARTICLE 8.	  

	LEGAL DEFEASANCE AND COVENANT DEFEASANCE	  

	 Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance
	  	 	31	 
	 Section 8.02 Legal Defeasance and Discharge
	  	 	31	 
	 Section 8.03 Covenant Defeasance
	  	 	31	 
	 Section 8.04 Conditions to Legal or Covenant Defeasance
	  	 	32	 
	 Section 8.05 Deposited Money and Government Securities to be Held in Trust; Other
Miscellaneous Provisions
	  	 	33	 
	 Section 8.06 Repayment to Company
	  	 	33	 
	 Section 8.07 Reinstatement
	  	 	34	 
	
	ARTICLE 9.	  

	AMENDMENT, SUPPLEMENT AND WAIVER	  

	 Section 9.01 Without Consent of Holders of Securities
	  	 	34	 
	 Section 9.02 With Consent of Holders of Securities
	  	 	35	 
	 Section 9.03 Compliance with Trust Indenture Act
	  	 	37	 
	 Section 9.04 Revocation and Effect of Consents
	  	 	37	 

  
 ii 

					
	 	  	Page	 
	 Section 9.05 Notation on or Exchange of Securities
	  	 	37	 
	 Section 9.06 Trustee to Sign Amendments, etc.
	  	 	37	 
	
	ARTICLE 10.	  

	GUARANTEES	  

	 Section 10.01 Guarantees
	  	 	37	 
	 Section 10.02 Limitation on Guarantor Liability
	  	 	38	 
	 Section 10.03 Execution and Delivery of Security Guarantee
	  	 	39	 
	 Section 10.04 Guarantors May Consolidate, etc., on Certain Terms
	  	 	39	 
	 Section 10.05 Releases Following Sale of Assets
	  	 	40	 
	
	ARTICLE 11.	  

	SATISFACTION AND DISCHARGE	  

	 Section 11.01 Satisfaction and Discharge
	  	 	40	 
	 Section 11.02 Application of Trust Money
	  	 	41	 
	
	ARTICLE 12.	  

	MISCELLANEOUS	  

	 Section 12.01 Trust Indenture Act Controls
	  	 	42	 
	 Section 12.02 Notices
	  	 	42	 
	 Section 12.03 Communication by Holders of Securities with Other Holders of
Securities
	  	 	43	 
	 Section 12.04 Certificate and Opinion as to Conditions Precedent
	  	 	43	 
	 Section 12.05 Statements Required in Certificate or Opinion
	  	 	43	 
	 Section 12.06 Rules by Trustee and Agents
	  	 	44	 
	 Section 12.07 No Personal Liability of Directors, Officers, Employees and
Stockholders
	  	 	44	 
	 Section 12.08 Governing Law
	  	 	44	 
	 Section 12.09 No Adverse Interpretation of Other Agreements
	  	 	44	 
	 Section 12.10 Successors
	  	 	44	 
	 Section 12.11 Severability
	  	 	44	 
	 Section 12.12 Counterpart Originals
	  	 	44	 
	 Section 12.13 Table of Contents, Headings, etc.
	  	 	44	 

  
 iii 

 INDENTURE dated as of [ ● ],
             between Gladstone Commercial Corporation, a Maryland corporation, the Guarantors (as defined herein) and [ ● ], as trustee. 

The Company, the Guarantors and the Trustee agree as follows for the benefit of each other and for the equal and ratable benefit of the
Holders (as defined herein) of the Securities issued under this Indenture: 
 ARTICLE 1. 

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

“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 purposes of this definition, “control,” as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of
the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise; provided that beneficial ownership of 10% or more of the Voting Stock of a Person will be deemed to be control. For
purposes of this definition, the terms “controlling,” “controlled by” and “under common control with” have correlative meanings. 

“Agent” means any Registrar, co-registrar, Paying Agent or additional paying agent. 

“Authentication Order” means a written order signed in the name of the Company by an Officer. 

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

“Board of Directors” means the Board of Directors of the Company or any duly authorized committee thereof. 

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

“Business Day” means any day other than a Legal Holiday. 

“Capital Lease Obligation” means, at the time any determination is to be made, the amount of the liability in respect of a
capital lease that would at that time be required to be capitalized on a balance sheet in accordance with GAAP. 
 “Capital
Stock” means: 
 (1) in the case of a corporation, corporate stock; 

(2) in the case of an association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock; 

  
 1 

 (3) in the case of a partnership or limited liability company, partnership
or membership interests (whether general or limited); and 
 (4) any other interest or participation that confers on a
Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 

“Company” means Gladstone Commercial Corporation, a Maryland corporation, and any and all successors thereto. 

“Corporate Trust Office of the Trustee” will be at the address of the Trustee specified in Section 12.02 hereof or such
other address as to which the Trustee may give notice to the Company. 
 “Default” means any event that is, or with the
passage of time or the giving of notice or both would be, an Event of Default. 
 “Depositary” means, with respect to the
Securities issuable or issued in whole or in part in global form, the Person specified in Section 2.02 hereof as the Depositary with respect to the Securities, and any and all successors thereto appointed as depositary hereunder and having
become such pursuant to the applicable provision of this Indenture. 
 “Discount Security” means any Security that provides
for an amount less than the stated principal amount thereof to be due and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.02. 

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

“GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting
Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a significant segment
of the accounting profession as amended and/or modified from time to time. 
 “Global Securities” means a Security or
Securities, as the case may be, in the form established pursuant to Section 2.02 evidencing all or part of a Series of Securities, issued to the Depositary for such Series or its nominee, and registered in the name of such Depositary or
nominee. 
 “Government Securities” means securities issued or directly and fully guaranteed or insured by the United
States government or any agency or instrumentality of the United States government ( provided that the full faith and credit of the United States is pledged in support of those securities), and additionally, in respect of any Series of
Securities denominated in other than United States dollars, securities issued or directly and fully guaranteed or insured by the government in whose currencies such Series of Securities are denominated (which in the case of the Euro shall be deemed
to include any government whose functional currency is the Euro). 
 “Guarantee” means a guarantee other than by
endorsement of negotiable instruments for collection or deposit in the ordinary course of business, direct or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement
agreements in respect thereof, of all or any part of any Indebtedness. 
 “Guarantors” means each of: 

  
 2 

 (1) the guarantors listed on the signature pages hereto; and 

(2) any other Subsidiary that executes a Security Guarantee in accordance with the provisions of this Indenture, 

and their respective successors and assigns. 

“Hedging Obligations” means, with respect to any specified Person, the obligations of such Person under: 

(1) interest rate swap agreements (whether from fixed to floating or from floating to fixed), interest rate cap agreements and
interest rate collar agreements; 
 (2) other agreements or arrangements designed to manage interest rates or interest rate
risk; and 
 (3) other agreements or arrangements designed to protect such Person against fluctuations in currency exchange
rates or commodity prices. 
 “Holder” means a Person in whose name a Security is registered. 

“Indebtedness” means, with respect to any specified Person, any indebtedness of such Person, whether or not contingent: 

(1) in respect of borrowed money; 

(2) evidenced by bonds, notes, debentures or similar instruments or letters of credit or reimbursement agreements in respect
thereof (other than reimbursement obligations with respect to letters of credit securing obligations (other than obligations described in (1), (2) (other than letters of credit), (3), (4), (5) or (6)) entered into in the ordinary
course of business of such Person to the extent such letters of credit are not drawn upon or, if and to the extent drawn upon, such drawing is reimbursed no later than the third Business Day following receipt by such Person of a demand for
reimbursement following payment on the letter of credit); 
 (3) in respect of banker’s acceptances; 

(4) representing Capital Lease Obligations; 

(5) representing the balance deferred and unpaid of the purchase price of any property, except any such balance that
constitutes an accrued expense or trade payable; or 
 (6) representing any Hedging Obligations, 

if and to the extent any of the preceding items (other than letters of credit and Hedging Obligations) would appear as a liability upon a balance sheet of the
specified Person prepared in accordance with GAAP. In addition, the term “Indebtedness” includes all Indebtedness of others secured by a Lien on any asset of the specified Person (whether or not such Indebtedness is assumed by the
specified Person) and, to the extent not otherwise included, the Guarantee by the specified Person of any indebtedness of any other Person. 

The amount of any Indebtedness outstanding as of any date will be: 

  
 3 

 (1) the accreted value of the Indebtedness, in the case of any Indebtedness
issued with original issue discount; 
 (2) the principal amount of the Indebtedness, together with any interest on the
Indebtedness that is more than 30 days past due, in the case of any other Indebtedness; and 
 (3) with respect to
Hedging Obligations, the amount of Indebtedness required to be recorded as a liability in accordance with GAAP. 

“Indenture” means this instrument as amended and supplemented from time to time by one or more indentures supplemental hereto
entered into pursuant to the applicable provisions hereof, and shall include the terms of particular Series of Securities established as contemplated by Section 2.02; provided, however, that, if at any time more than one Person is acting
as Trustee under this instrument, “Indenture” shall mean, with respect to any one or more Series of Securities for which such Person is Trustee, this instrument as originally executed or as it may from time to time be supplemented or
amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of the or those particular Series of Securities for which such Person is Trustee established as contemplated
by Section 2.02, exclusive, however, of any provisions or terms which relate solely to other Series of Securities for which such Person is not Trustee, regardless of when such terms or provisions were adopted, and exclusive of any provisions or
terms adopted by means of one or more indentures supplemental hereto executed and delivered after such Person had become Trustee but to which such Person, as such Trustee, was not a party. 

“interest” with respect to any Discount Security which by its terms bears interest only after Maturity, means interest
payable after Maturity. 
 “Legal Holiday” means a Saturday, a Sunday or a day on which banking institutions in the City of
New York or in Philadelphia, Pennsylvania or at a place of payment are authorized by law, regulation or executive order to remain closed. If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next
succeeding day that is not a Legal Holiday, and no interest shall accrue on such payment for the intervening period. 

“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in
respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a
security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction. 

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

“Obligations” means any principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities
payable under the documentation governing any Indebtedness. 
 “Officer” means, with respect to any Person, the Chairman of
the Board, the Chief Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary, any Assistant Secretary or any Vice-President of such Person.

  
 4 

 “Officers’ Certificate” means a certificate signed on behalf of the
Company by two Officers of the Company, one of whom must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Company, that meets the requirements of Sections 12.04 and
12.05 hereof. 
 “Opinion of Counsel” means an opinion from legal counsel who is reasonably acceptable to the Trustee, that
meets the requirements of Sections 12.04 and 12.05 hereof. The counsel may be an employee of or counsel to the Company, any Subsidiary of the Company or the Trustee. 

“Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust,
unincorporated organization, limited liability company or government or other entity. 
 “principal” of a Security means
the principal of the Security plus, when appropriate, the premium, if any, on, and any Additional Amounts in respect of, the Security. 

“Responsible Officer,” when used with respect to the Trustee, means any officer within the Corporate Trust Office of the
Trustee (or any successor group of the Trustee) with direct responsibility for the administration of this Indenture and, 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. 
 “SEC” means the Securities and Exchange Commission. 

“Securities” means the debentures, notes or other debt instruments of the Company of any Series authenticated and delivered
under this Indenture. 
 “Securities Act” means the Securities Act of 1933, as amended. 

“Security Guarantee” means the guarantee of any Series of Securities by a Guarantor under Article 10. 

“Series” or “Series of Securities” means each series of debentures, notes or other debt instruments of the
Company created pursuant to Sections 2.01 and 2.02 hereof. 
 “Significant Subsidiary” means any Subsidiary that would
be a “significant subsidiary” as defined in Article 1, Rule 1–02 of Regulation S–X, promulgated pursuant to the Securities Act, as such Regulation is in effect on the date of this Indenture. 

“Stated Maturity” means, with respect to any installment of interest or principal on any series of Indebtedness, the date on
which such payment of interest or principal was scheduled to be paid in the original documentation governing such Indebtedness, and shall not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to
the date originally scheduled for the payment thereof. 
 “Subsidiary” means, with respect to any specified Person: 

(1) any corporation, association or other business entity of which more than 50% of the total voting power of shares of
Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees of the corporation, association or other business entity is at the time owned or controlled, directly or
indirectly, by that Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and 

  
 5 

 (2) any partnership (a) the sole general partner or the managing
general partner of which is such Person or a Subsidiary of such Person or (b) the only general partners of which are that Person or one or more Subsidiaries of that Person (or any combination thereof). 

“TIA” means the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the date on which this
Indenture is qualified under the TIA; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” 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 Indenture 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; provided, however, that if at any
time there is more than one such Person, “Trustee” as used with respect to the Securities of or within any Series shall mean only the Trustee with respect to the Securities of that Series. 

“U.S. Legal Tender” means such coin or currency of the United States of America as at the time of payment shall be legal
tender for the payment of public and private debts. 
 “Voting Stock” of any Person as of any date means the Capital Stock
of such Person that is at the time entitled to vote in the election of the board of directors of such Person. 
 Section 1.02 Other Definitions

  

					
	 Term
	  	Defined in
Section	 
	 “Covenant Defeasance”
	  	 	8.03	 
	 “Event of Default”
	  	 	6.01	 
	 “Legal Defeasance”
	  	 	8.02	 
	 “Paying Agent”
	  	 	2.04	 
	 “Registrar”
	  	 	2.04	 

 Section 1.03 Incorporation by Reference of Trust Indenture Act 

Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture.

 The following TIA terms used in this Indenture have the following meanings: 

“indenture securities” means the Securities; 

“indenture security Holder” means a Holder of a Security; 

“indenture to be qualified” means this Indenture; 

“indenture trustee” or “institutional trustee” means the Trustee; and 

“obligor” on the Securities means the Company and any successor obligor upon the Securities. 

All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under
the TIA have the meanings so assigned to them. 

  
 6 

 Section 1.04 Rules of Construction 

Unless the context otherwise requires: 

(1) a term has the meaning assigned to it; 

(2) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(3) “or” is not exclusive; 

(4) words in the singular include the plural, and in the plural include the singular; 

(5) “will” shall be interpreted to express a command; 

(6) provisions apply to successive events and transactions; and 

(7) references to sections of or rules under the Securities Act will be deemed to include substitute, replacement of successor
sections or rules adopted by the SEC from time to time. 
 ARTICLE 2. 

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

Section 2.02 Establishment of Terms of Series of Securities 

At or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the case of
Subsection 2.02(a) and either as to such Securities within the Series or as to the Series generally in the case of Subsections 2.02(b) through 2.02(dd)) by a Board Resolution, a supplemental indenture or an Officers’ Certificate pursuant to
authority granted under a Board Resolution: 
 (a) the title of the Series (which shall distinguish the Securities of that particular
Series from the Securities of any other Series); 
 (b) the price or prices (expressed as a percentage of the principal amount thereof)
at which the Securities of the Series will be issued; 

  
 7 

 (c) any limit upon the aggregate principal amount of the Securities of the Series which
may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series pursuant to Section 2.07, 2.08, 2.11,
3.06 or 9.05); 
 (d) the date or dates or the method by which such date or dates will be determined on which the principal of the
Securities of the Series is payable; 
 (e) the rate or rates (which may be fixed or variable) per annum or, if applicable, the method
used to determine such rate or rates, at which the Securities of the Series shall bear interest, if any, the date or dates from which such interest, if any, shall accrue, the date or dates on which such interest, if any, shall commence and be
payable and any regular record date for the interest payable on any interest payment date and the basis upon which interest shall be calculated if other than that of a 360-day year consisting of twelve 30-day months; 

(f) the place or places where the principal of and interest, if any, on the Securities of the Series shall be payable, or the method of
such payment, if by wire transfer, mail or other means; 
 (g) if applicable, the period or periods within which, the price or prices
at which and the terms and conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company; 

(h) the obligation, if any, of the Company to redeem or purchase the Securities of the Series pursuant to any sinking fund or analogous
provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the Series shall be redeemed or purchased, in whole or in part, pursuant to
such obligation; 
 (i) the dates, if any, on which and the price or prices at which the Securities of the Series will be repurchased
by the Company at the option of the Holders thereof and other detailed terms and provisions of such repurchase obligations; 
 (j) if
other than denominations of $1,000 and any integral multiple thereof, the denominations in which the Securities of the Series shall be issuable; 

(k) the forms of the Securities of the Series and whether the Securities will be issuable as Global Securities; 

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

(o) if payments of principal of or interest, if any, on the Securities of the Series are to be made in one or more currencies or currency
units other than that or those in which such Securities are denominated, the manner in which the exchange rate with respect to such payments will be determined; 

  
 8 

 (p) the manner in which the amounts of payment of principal of or interest, if any, on
the Securities of the Series will be determined, if such amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity index, stock exchange index or financial index; 

(q) the provisions, if any, relating to any security provided for the Securities of the Series; 

(r) the ranking of the Securities of the Series (including the terms of any subordination provisions); 

(s) any addition to or change in the Events of Default which applies to any Securities of the Series and any change in the right of the
Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.02; 

(t) any addition to or change in the covenants set forth in Articles IV or V which applies to Securities of the Series; 

(u) any other terms of the Securities of the Series (which terms shall not be inconsistent with the TIA or the provisions of this
Indenture, except as permitted by Section 9.01, but which may add to, modify or delete any provision of this Indenture insofar as it applies to such Series); 

(v) any trustees, depositories, interest rate calculation agents, exchange rate calculation agents or other agents with respect to
Securities of such Series if other than those appointed herein; and 
 (w) the date as of which any temporary Global Security
representing Outstanding Securities of or within the Series shall be dated if other than the date of original issuance of the first Security of the Series to be issued; 

(x) the applicability, if any, of Sections 8.02 and/or 8.03 to the Securities of or within the Series and any provisions in
modification of, in addition to or in lieu of any of the provisions of Article Eight; 
 (y) if the Securities of such Series are
to be issuable in definitive form (whether upon original issue or upon exchange of a temporary Security of such Series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, then the form and/or terms of
such certificates, documents or conditions; 
 (z) if the Securities of or within the Series are to be issued upon the exercise of debt
warrants, the time, manner and place for such Securities to be authenticated and delivered; 
 (aa) whether and under what
circumstances the Company will pay Additional Amounts on the Securities of or within the Series to any Holder who is not a United States person (including any modification to the definition of such term) in respect of any tax, assessment or
governmental charge and, if so, whether the Company will have the option to redeem such Securities rather than pay such Additional Amounts (and the terms of any such option); 

(bb) the obligation, if any, of the Company to permit the Securities of such Series to be converted into or exchanged for common stock of
the Company or other Securities or property of the Company and the terms and conditions upon which such conversion or exchange shall be effected (including, without limitation, the initial conversion or exchange price or rate, the conversion or
exchange period, any adjustment of the applicable conversion or exchange price or rate and any requirements relative to the reservation of such shares for purposes of conversion or exchange); 

  
 9 

 (cc) if convertible or exchangeable, any applicable limitations on the ownership or
transferability of the Securities or property into which such Securities are convertible or exchangeable; and 
 (dd) the
applicability, if any, of Article 10 or the Security Guarantee to the Securities of or within the Series and any provisions in modification, in addition to or in lieu of any of the provisions of Article 10 or any Security Guarantee,
including the ranking of any Security Guarantee and the terms of any subordination provisions. 
 All Securities of any one Series need not
be issued at the same time and may be issued from time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the Board Resolution, supplemental indenture or Officers’ Certificate referred to above, and the
authorized principal amount of any Series may not be increased to provide for issuances of additional Securities of such Series, unless otherwise provided in such Board Resolution, supplemental indenture or Officers’ Certificate, including the
ranking of any Security Guarantee and the terms of any subordination provisions. 
 Section 2.03 Execution and Authentication 

An Officer must sign the Securities for the Company by manual or facsimile signature. 

If an Officer whose signature is on a Security no longer holds that office at the time a Security is authenticated, the Security will
nevertheless be valid. 
 A Security will not be valid until authenticated by the manual signature of the Trustee. The signature will be
conclusive evidence that the Security has been authenticated under this Indenture. 
 The Trustee shall at any time, and from time to time,
authenticate Securities of a Series for original issue in the principal amount provided in the Board Resolution, supplemental indenture hereto or Officers’ Certificate described in Section 2.02 with respect to such Series upon receipt by
the Trustee of an Authentication Order. Such Authentication Order may authorize authentication and delivery pursuant to oral or electronic instructions from the Company or its duly authorized agent or agents, which oral instructions shall be
promptly confirmed in writing. Each Security shall be dated the date of its authentication unless otherwise provided by the Board Resolution, supplemental indenture hereto or Officers’ Certificate described in Section 2.02 with respect to
such Series. 
 The aggregate principal amount of Securities of any Series outstanding at any time may not exceed any limit upon the maximum
principal amount for such Series set forth in the Board Resolution, supplemental indenture hereto or Officers’ Certificate delivered pursuant to Section 2.02, except as provided in Section 2.08. 

Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to Section 7.02) shall be fully protected
in relying on: (a) the Board Resolution, supplemental indenture hereto or Officers’ Certificate establishing the form of the Securities of that Series or of Securities within that Series and the terms of the Securities of that Series or of
Securities within that Series, (b) an Officers’ Certificate complying with Section 12.04 and stating that all conditions precedent provided for in this Indenture relating to the authentication and delivery of Securities of such Series
have been complied with, and (c) an Opinion of Counsel complying with Section 12.04 and stating that all conditions precedent provided for in this Indenture relating to the authentication and delivery of Securities of such Series have been
complied with. 
 The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the
Trustee, being advised by counsel, determines that such action may not lawfully be taken; or (b) if the Trustee in good faith by its board of directors or trustees, executive committee or a trust committee of directors and/or vice-presidents
shall determine that such action would expose the Trustee to personal liability to Holders of any then outstanding Series of Securities. 

  
 10 

 The Trustee may appoint an authenticating agent acceptable to the Company to authenticate
Securities. An authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as
an Agent to deal with Holders or an Affiliate of the Company. 
 Section 2.04 Registrar and Paying Agent The Company will maintain with respect
to each Series of Securities at the place or places specified with respect to such Series pursuant to Section 2.02 an office or agency where Securities of such Series may be presented for registration of transfer or for exchange
(“Registrar”) and an office or agency where Securities of such Series may be presented for payment (“Paying Agent”). The Registrar will keep a register of the Securities of such Series and of their transfer and
exchange. The Company may appoint one or more co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrar and the term “Paying Agent” includes any additional paying agent. The Company
may change any Paying Agent or Registrar without notice to any Holder. The Company will notify the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Company fails to appoint or maintain another entity as
Registrar or Paying Agent, the Trustee shall act as such. The Company or any of its Subsidiaries may act as Paying Agent or Registrar. 
 If
at any time the Company shall fail to maintain any such required Registrar, Paying Agent or Service Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations, surrenders, notices and demands may be made or
served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 

The Company hereby appoints the Trustee as the initial Registrar, Paying Agent and Service Agent for each Series unless another Registrar,
Paying Agent or Service Agent, as the case may be, is appointed prior to the time Securities of that Series are first issued. 
 Section 2.05 Paying
Agent to Hold Money in Trust 
 The Company will require each Paying Agent (other than the Trustee) to agree in writing that the Paying
Agent will hold in trust for the benefit of Holders of any Series of Securities for which it is acting as Paying Agent, or the Trustee, all money held by the Paying Agent for the payment of principal, premium, if any, or interest on such Series of
Securities, and will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require the Paying Agent to pay all money held by it to the Trustee. The Company at any time may
require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary) will have no further liability for the money. If the Company or a Subsidiary acts as
Paying Agent, it will segregate and hold in a separate trust fund for the benefit of the Holders of any Series of Securities for which it acts as Paying Agent all money held by it as Paying Agent for such Series. Upon any bankruptcy or
reorganization proceedings relating to the Company, the Trustee will serve as Paying Agent for each Series of Securities. 
 Section 2.06 Holder
Lists 
 The Trustee will preserve in as current a form as is reasonably practicable the most recent list available to it of the names
and addresses of all Holders of each Series of Securities and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Company will furnish to the Trustee at 

  
 11 

 
least seven Business Days before each interest payment date and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably
require of the names and addresses of the Holders of each Series of Securities and the Company shall otherwise comply with TIA § 312(a). 

Section 2.07 Transfer and Exchange Where Securities of a Series are presented to the Registrar or a co-registrar with a request to register a
transfer or to exchange them for an equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if its requirements for such transactions are met. To permit registrations of transfers and
exchanges, the Trustee shall authenticate Securities at the Registrar’s request. No service charge shall be made for any registration of transfer or exchange (except as otherwise expressly permitted herein), but the Company may require payment
of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or similar governmental charge payable upon exchanges pursuant to Sections 2.11, 3.06 or 9.05). 

Neither the Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any Series for
the period beginning at the opening of business fifteen days immediately preceding the mailing of a notice of redemption of Securities of that Series selected for redemption and ending at the close of business on the day of such mailing, or
(b) to register the transfer of or exchange Securities of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Securities selected, called or being called for redemption in part. 

Section 2.08 Replacement Securities 

If any mutilated Security is surrendered to the Trustee or the Company and the Trustee receives evidence to its satisfaction of the
destruction, loss or theft of any Security, the Company will issue and the Trustee, upon receipt of an Authentication Order, will authenticate a replacement Security of the same Series if the Trustee’s requirements are met. If required by the
Trustee or the Company, an affidavit of loss and indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any Agent and any authenticating agent from any
loss that any of them may suffer if a Security is replaced. The Company may charge for its expenses in replacing a Security. 
 Every
replacement Security is an additional obligation of the Company and will be entitled to all of the benefits of this Indenture equally and proportionately with all other Securities of the same Series duly issued hereunder. 

Section 2.09 Outstanding Securities 

The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered to
it for cancellation, those reductions in the interest in a Global Security effected by the Trustee in accordance with the provisions hereof, and those described in this Section 2.09 as not outstanding. Except as set forth in Section 2.10
hereof, a Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security. 
 If a Security
is replaced pursuant to Section 2.08 hereof, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Security is held by a protected purchaser. 

If the principal amount of any Security is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it
ceases to accrue. 

  
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 If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof)
holds, on a redemption date or maturity date, money sufficient to pay Securities payable on that date, then on and after that date such Securities will be deemed to be no longer outstanding and will cease to accrue interest. 

In determining whether the Holders of the requisite principal amount of outstanding Securities have given any request, demand, authorization,
direction, notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such
determination upon a declaration of acceleration of the maturity thereof pursuant to Section 6.02. 
 Section 2.10 Treasury Securities 

In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any direction, waiver or
consent, Securities of such Series owned by the Company, or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company, will be considered as though not outstanding, except that for
the purposes of determining whether the Trustee will be protected in relying on any such direction, waiver or consent, only Securities of such Series that the Trustee knows are so owned will be so disregarded. 

Section 2.11 Temporary Securities 

Until certificates representing Securities are ready for delivery, the Company may prepare and the Trustee, upon receipt of an Authentication
Order, will authenticate temporary Securities. Temporary Securities will be substantially in the form of certificated Securities but may have variations that the Company considers appropriate for temporary Securities and as may be reasonably
acceptable to the Trustee. Without unreasonable delay, the Company will prepare and the Trustee will authenticate definitive Securities of the same Series and date of maturity in exchange for temporary Securities. After preparation of such
definitive Securities, the temporary Securities will be exchangeable for such definitive Securities upon surrender of the temporary Securities. 

Holders of temporary Securities will be entitled to all of the benefits of this Indenture. 

Section 2.12 Cancellation 
 The
Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and Paying Agent will forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else
will cancel all Securities surrendered for registration of transfer, exchange, payment, replacement or cancellation and will destroy canceled Securities (subject to the record retention requirements of the Exchange Act). Certification of the
destruction of all canceled Securities will be delivered to the Company. The Company may not issue new Securities to replace Securities that it has paid or that have been delivered to the Trustee for cancellation. 

Section 2.13 Defaulted Interest 
 If
the Company defaults in a payment of interest on the Securities of a Series, it will pay the defaulted interest in any lawful manner plus, to the extent lawful, interest payable on the defaulted interest, to the Persons who are Holders of the
Securities of such Series on a subsequent special record date, in each case at the rate provided in such Series of Securities and in Section 4.01 hereof. The Company will 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. The Company will fix or cause to be 

  
 13 

 
fixed each such special record date and payment date, provided that no such special record date may be less than 10 days prior to the related payment date for such defaulted interest.
At least 15 days before the special record date, the Company (or, upon the written request of the Company, the Trustee in the name and at the expense of the Company) will mail or cause to be mailed to Holders of Securities of such Series a
notice that states the special record date, the related payment date and the amount of such interest to be paid. 
 Section 2.14 Global
Securities 
 (a) Terms of Securities. The Board Resolution, supplemental indenture hereto or Officers’ Certificate
described in Section 2.02 with respect to a Series shall establish whether the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depositary for such Global Security or Securities.

 (b) Transfer and Exchange. Notwithstanding any provisions to the contrary contained in Section 2.07 of the Indenture and
in addition thereto, any Global Security shall be exchangeable pursuant to Section 2.07 of the Indenture for Securities of the Series with respect to which such Global Security was issued registered in the names of Holders other than the
Depositary for such Security or its nominee only if (i) such Depositary notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency
registered under the Exchange Act, and, in either case, the Company fails to appoint a successor Depositary within 90 days of such event, (ii) the Company executes and delivers to the Trustee an Officers’ Certificate to the effect
that such Global Security shall be so exchangeable or (iii) an Event of Default with respect to the Securities represented by such Global Security shall have happened and be continuing. Any Global Security that is exchangeable pursuant to the
preceding sentence shall be exchangeable for Securities registered in such names as the Depositary shall direct in writing in an aggregate principal amount equal to the principal amount of the Global Security with like tenor and terms. 

Except as provided in this Section 2.14(b), a Global Security may not be transferred except as a whole by the Depositary with respect to
such Global Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor
Depositary. 
 (c) Legend. Any Global Security issued hereunder shall bear a legend in substantially the following form: 

“This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of the
Depositary or a nominee of the Depositary. This Security is exchangeable for Securities registered in the name of a person other than the Depositary or its nominee only in the limited circumstances described in the Indenture, and may not be
transferred except as a whole by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of
such a successor Depositary.” 
 (d) Acts of Holders. The Depositary, as a Holder, may appoint agents and otherwise
authorize participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under the Indenture. 

  
 14 

 (e) Payments. Notwithstanding the other provisions of this Indenture, unless
otherwise specified as contemplated by Section 2.02, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof. 

(f) Consents, Declaration and Directions. Except as provided in Section 2.14(e), the Company, the Trustee and any Agent shall
treat a person as the Holder of such principal amount of outstanding Securities of such Series represented by a Global Security as shall be specified in a written statement of the Depositary with respect to such Global Security, for purposes of
obtaining any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture. 
 Section 2.15 CUSIP
Numbers 
 The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee
shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as
contained in any notice of a redemption and that reliance may be placed only on the other elements of identification printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. 

ARTICLE 3. 
 REDEMPTION AND
PREPAYMENT 
 Section 3.01 Notices to Trustee 

The Company may, with respect to any Series of Securities, reserve the right to redeem and pay the Series of Securities or may covenant to
redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in such Securities or in the Board Resolution, supplemental indenture or Officer’s Certificate
described in Section 2.02 with respect to such Series. If a Series of Securities is redeemable and the Company wants or is obligated to redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of
such Securities, it must furnish to the Trustee, at least 45 days but not more than 60 days before a redemption date, an Officers’ Certificate setting forth: 

(1) the term of the applicable Series of Securities pursuant to which the redemption shall occur; 

(2) the redemption date; 

(3) the principal amount of Securities of such Series to be redeemed; and 

(4) the redemption price. 

Section 3.02 Selection of Securities to Be Redeemed or Purchased 

Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture or an Officers’ Certificate, if less
than all of the Securities of a Series are to be redeemed or purchased in an offer to purchase at any time, the Trustee will select Securities of such Series for redemption or purchase as follows: 

  
 15 

 (1) if the Securities of such Series are listed on any national securities
exchange, in compliance with the requirements of the principal national securities exchange on which the Securities of such Series are listed; or 

(2) if the Securities of such Series are not listed on any national securities exchange, on a pro rata basis (based on
amounts tendered), by lot or by such method as the Trustee shall deem fair and appropriate. 
 In the event of partial redemption or
purchase by lot, the Securities of a Series to be redeemed or purchased will be selected, unless otherwise provided herein, not less than 30 nor more than 60 days prior to the redemption or purchase date by the Trustee from the outstanding
Securities of such Series not previously called for redemption or purchase. 
 The Trustee will promptly notify the Company in writing of
the Securities selected for redemption or purchase and, in the case of any Security selected for partial redemption or purchase, the principal amount thereof to be redeemed or purchased. Securities and portions of Securities selected will be in
amounts of the minimum authorized denomination for Securities of that Series or integral multiples thereof; except that if all of the Series of Securities of a Holder are to be redeemed or purchased, the entire outstanding amount of such Securities
held by such Holder, even if not an integral multiple of the minimum authorized denomination, shall be redeemed or purchased. Except as provided in the preceding sentence, provisions of this Indenture that apply to Securities called for redemption
or purchase also apply to portions of Securities called for redemption or purchase. 
 Section 3.03 Notice of Redemption 

Unless otherwise indicated for a particular Series of Securities by a Board Resolution, a supplemental indenture or an Officers’
Certificate, at least 30 days but not more than 60 days before a redemption date, the Company will mail or cause to be mailed, by first class mail, a notice of redemption to each Holder whose Securities are to be redeemed at its registered
address, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Securities or a satisfaction and discharge of such Securities and this Indenture
pursuant to Articles 8 or 11 of this Indenture. 
 The notice will identify the Securities of the Series to be redeemed and will state: 

(1) the redemption date; 

(2) the redemption price; 

(3) if any Security of the Series is being redeemed in part, the portion of the principal amount of such Security to be
redeemed and that, after the redemption date upon surrender of such Security, a new Security or Securities in principal amount equal to the unredeemed portion will be issued upon cancellation of the original Security; 

(4) the name and address of the Paying Agent; 

(5) that Securities of the Series called for redemption must be surrendered to the Paying Agent to collect the redemption
price; 

  
 16 

 (6) that, unless the Company defaults in making such redemption payment,
interest on Securities of the Series called for redemption ceases to accrue on and after the redemption date; 
 (7) the
Section of the Securities of the Series and/or Section of this Indenture applicable to such Series pursuant to which the Securities of the Series called for redemption are being redeemed; and 

(8) that no representation is made as to the correctness or accuracy of the CUSIP number, if any, listed in such notice or
printed on the Securities of the Series. 
 At the Company’s request, the Trustee will give the notice of redemption in the
Company’s name and at its expense; provided, however, that the Company has delivered to the Trustee, at least 45 days prior to the redemption date, an Officers’ Certificate requesting that the Trustee give such notice and setting
forth the information to be stated in such notice as provided in the preceding paragraph. 
 Section 3.04 Effect of Notice of Redemption 

Once notice of redemption is mailed in accordance with Section 3.03 hereof, Securities of a Series called for redemption become
irrevocably due and payable on the redemption date at the redemption price. A notice of redemption may not be conditional. 
 Section 3.05 Deposit
of Redemption or Purchase Price 
 Prior to 10:00 a.m. New York City time on the relevant redemption or purchase date, the Company
will deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest, if any, on all Securities to be redeemed or purchased on that date. The Trustee or the Paying Agent will
promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest, if any, on, all Securities to be redeemed or
purchased. 
 If the Company complies with the provisions of the preceding paragraph, on and after the redemption or purchase date, interest
will cease to accrue on the Securities or the portions of Securities called for redemption or purchase. If a Security is redeemed or purchased on or after an interest record date but on or prior to the related interest payment date, then any accrued
and unpaid interest shall be paid to the Person in whose name such Security was registered at the close of business on such record date. If any Security called for redemption or purchase is not so paid upon surrender for redemption or purchase
because of the failure of the Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on
such unpaid principal, in each case at the rate provided in the Securities and in Section 4.01 hereof. 
 Section 3.06 Securities Redeemed or
Purchased in Part 
 Upon surrender of a Security that is redeemed or purchased in part, the Company will issue and, upon receipt of an
Authentication Order, the Trustee will authenticate for the Holder at the expense of the Company a new Security of the same Series equal in principal amount to the unredeemed or unpurchased portion of the Security surrendered. 

  
 17 

 ARTICLE 4. 

COVENANTS 
 Section 4.01 Payment of
Securities 
 The Company will pay or cause to be paid the principal of, premium, if any, and interest, on each Series of Securities on
the dates and in the manner provided for the Securities of such Series by the Board Resolution, supplemental indenture or Officer’s Certificate establishing the terms of such Series. Principal, premium, if any, and interest will be considered
paid on the date due if the Paying Agent, if other than the Company or a Subsidiary thereof, holds as of 10:00 a.m. Eastern Time on the due date money deposited by the Company in immediately available funds in U.S. Legal Tender and designated
for and sufficient to pay all principal, premium, if any, and interest then due. If the Company or Subsidiary is acting as Paying Agent, the Company shall, prior to 10:00 a.m. New York City time on the due date, segregate and hold in trust U.S.
Legal Tender sufficient to make payments of principal, premium and interest due on such date. 
 Unless otherwise indicated for a Series of
Securities in the Board Resolution, supplemental indenture or Officer’s Certificate described in Section 2.02, the Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
principal, and on overdue installments of interest (without regard to any applicable grace period), at the rate equal to 1% per annum in excess of the then applicable interest rate on each Series of Securities to the extent lawful.
Notwithstanding anything to the contrary contained in this Indenture, the Company may, to the extent it is required to do so by law, deduct or withhold income or other similar taxes imposed by the United States of America from principal or interest
payments hereunder. 
 Section 4.02 Maintenance of Office or Agency 

The Company will maintain in the Borough of Manhattan, the City of New York, an office or agency (which may be an office of the Trustee, being
[ ● ], located at [ ● ], or an affiliate of the Trustee, Registrar or co-registrar) where Securities of each Series may be surrendered for registration of transfer or for exchange and where
notices and demands to or upon the Company in respect of Securities of each 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 fails to maintain any such required office or agency or fails 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. 
 The Company may also from time to time designate one or more other offices or agencies where the Securities of each
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 will in any manner relieve the Company of its obligation to
maintain an office or agency in the Borough of Manhattan, the City of New York 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. 
 The Company hereby designates the Corporate Trust Office of the Trustee as one such office or agency of the Company in
accordance with Section 2.04 hereof. 

  
 18 

 Section 4.03 Reports (a) Whether or not required by the rules and regulations of the SEC,
so long as Securities of any Series are outstanding, the Company will file a copy of all of the information and reports referred to in clauses (1) and (2) below with the SEC for public availability within the time periods specified in the
SEC’s rules and regulations: 
 (1) all quarterly and annual financial information that would be required to be
contained in a filing with the SEC on Forms 10-Q and 10-K if the Company were required to file such forms, and, with respect to the annual information only, a
report thereon by the Company’s certified independent accountants; and 
 (2) all current reports that would be
required to be filed with the SEC on Form 8-K if the Company were required to file such reports. 
 If the SEC
will not accept a filing referred to above, then the Company will furnish such information and reports to the Trustee and Holders within 15 days of the time periods specified in the SEC’s rules and regulations, and make such information
available to prospective investors upon request. The Company will at all times comply with TIA § 314(a). 
 (b) The Trustee
shall not be under a duty to review or evaluate any report or information delivered to the Trustee pursuant to the provisions of this Section 4.03 for the purposes of making such reports available to it and to the Holders of Securities of any
Series who may request such information. Delivery of such reports, information and documents to the Trustee as may be required under this Section 4.03 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). 
 Section 4.04 Compliance Certificate 

(a) The Company shall deliver to the Trustee, within 90 days after the end of each fiscal year, an Officers’ Certificate
stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether the Company has kept, observed, performed and
fulfilled its obligations under this Indenture and further stating, as to each such Officer signing such certificate, that to his or her knowledge after due inquiry the Company has kept, observed, performed and fulfilled each and every covenant
contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions of this Indenture (or, if a Default or Event of Default has occurred, describing all such Defaults or Events of Default
of which he or she may have knowledge and what action the Company is taking or proposes to take with respect thereto) and that to his or her knowledge after due inquiry no event has occurred and remains in existence by reason of which payments on
account of the principal of or interest, if any, on the Securities of any Series is prohibited or if such event has occurred, a description of the event and what action the Company is taking or proposes to take with respect thereto. 

(b) So long as any of the Securities of any Series are outstanding, the Company will deliver to the Trustee, promptly upon any Officer
becoming aware of any Default or Event of Default, an Officers’ Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. 

Section 4.05 Taxes 
 The Company
will pay, and will cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such
payment is not adverse in any material respect to the Holders of the Securities of any Series. 

  
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 Section 4.06 Stay, Extension and Usury Laws 

The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead, or in any manner whatsoever
claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that 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, by resort to any such law, 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 has been enacted. 
 Section 4.07 Corporate Existence 

Subject to Article 5 hereof, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect:

 (1) its corporate existence, and the corporate, partnership or other existence of each of its Subsidiaries, in accordance
with the respective organizational documents (as the same may be amended from time to time) of the Company or any such Subsidiary; and 

(2) the rights (charter and statutory), licenses and franchises of the Company and its Subsidiaries; provided, however,
that the Company shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of its Subsidiaries, if the Board of Directors shall determine that the preservation thereof is no
longer desirable in the conduct of the business of the Company and its Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material respect to the Holders of the Securities of any Series. 

ARTICLE 5. 
 SUCCESSORS 

Section 5.01 Merger, Consolidation, or Sale of Assets 

The Company shall not consolidate with or merge into, or convey, transfer or lease all or substantially all of its properties and assets to,
any Person (a “Successor Person”), and may not permit any Person to merge into, or convey, transfer or lease its properties and assets substantially as an entirety to, the Company, unless: 

(1) the Successor Person (if any) is a corporation, partnership, trust or other entity organized and validly existing under
the laws of any U.S. domestic jurisdiction and expressly assumes the Company’s obligations on the Securities and under this Indenture and 

(2) immediately after giving effect to the transaction, no Default or Event of Default, shall have occurred and be continuing.

 The Company shall deliver to the Trustee prior to the consummation of the proposed transaction an Officers’ Certificate to the
foregoing effect and an Opinion of Counsel stating that the proposed transaction and such supplemental indenture comply with this Indenture. 

  
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 Section 5.02 Successor Person Substituted 

Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the
assets of the Company in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof, the Successor Person formed by such consolidation or into or with which the Company is merged or to which such sale,
assignment, transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, lease, conveyance or other disposition, the provisions of this
Indenture referring to the “Company” shall refer instead to the Successor Person and not to the Company), 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; provided, however, that the predecessor Company shall not be relieved from the obligation to pay the principal of and interest on the Securities except in the case of a sale of all of the Company’s assets in
a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof. 
 ARTICLE 6. 

DEFAULTS AND REMEDIES 
 Section 6.01
Events of Default 
 “Event of Default,” wherever used herein with respect to Securities of any Series, means any
one of the following events, subject to any modifications, deletions or additions relating to any Series of Securities, as provided in the establishing Board Resolution, supplemental indenture or Officers’ Certificate for such Series: 

(1) the Company defaults for 30 days in the payment when due of interest on, any Security of that Series; 

(2) the Company defaults in the payment when due (at Maturity) of the principal of, or premium, if any, on any Security of
that Series; 
 (3) the Company fails to observe or perform any other covenant, representation, warranty or other agreement
in this Indenture (other than a covenant or warranty that has been included in this Indenture solely for the benefit of Series of Securities other than that Series) or the Securities of that Series for 60 consecutive days after notice to the Company
by the Trustee or the Holders of Securities of that Series of at least 25% in aggregate principal amount of such Securities then outstanding voting as a single class; 

(4) a default occurs under any mortgage, indenture or instrument under which there may be issued or by which there may be
secured or evidenced any Indebtedness for money borrowed by the Company or any of its Subsidiaries (or the payment of which is guaranteed by the Company or any of its Subsidiaries), whether such Indebtedness or guarantee now exists, or is created
after the date of this Indenture, if that default: 
 (A) is caused by a failure to pay principal of, or interest or
premium, if any, on such Indebtedness prior to the expiration of the grace period provided in such Indebtedness on the date of such default (a “Payment Default”); or 

(B) results in the acceleration of such Indebtedness prior to its express maturity, and, in each case, the principal amount of
any such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been a Payment Default or the maturity of which has been so accelerated, aggregates $25.0 million or more; 

  
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 (5) the Company or any Subsidiary that is a Significant Subsidiary or any
group of Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary pursuant to or within the meaning of Bankruptcy Law: 

(A) commences a voluntary case, 

(B) consents to the entry of an order for relief against it in an involuntary case, 

(C) consents to the appointment of a custodian of it or for all or substantially all of its property, 

(D) makes a general assignment for the benefit of its creditors, or 

(E) generally is not paying its debts as they become due; or 

(6) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(A) is for relief against the Company or any of its Significant Subsidiaries or any group of Subsidiaries that, taken as a
whole, would constitute a Significant Subsidiary in an involuntary case; 
 (B) appoints a custodian of the Company or any
of its Significant Subsidiaries or any group of Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary or for all or substantially all of the property of the Company or any of its Significant Subsidiaries or any group of
Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary; or 
 (C) orders the liquidation of the
Company or any of its Significant Subsidiaries or any group of Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary; 

and the order or decree remains unstayed and in effect for 60 consecutive days; or 

(7) any other Event of Default with respect to Securities of that Series, which is specified in a Board Resolution, a
supplemental indenture hereto or an Officers’ Certificate, in accordance with Section 2.02(s). 
 Section 6.02 Acceleration 

In the case of an Event of Default with respect to Securities of any Series at the time outstanding specified in clause (5) or
(6) of Section 6.01 hereof, with respect to the Company, any Subsidiary that is a Significant Subsidiary or any group of Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary, all outstanding Securities of such
Series shall become due and payable immediately without further action or notice. If any other Event of Default with respect to Securities of any Series at the time outstanding occurs and is continuing, the Trustee or the Holders of at least 25% in
principal amount of the then outstanding Securities of such Series may declare all the Securities of such Series to be due and payable immediately. 

  
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 Upon any such declaration, the Securities of such Series shall become due and payable
immediately. The Holders of a majority in aggregate principal amount of the then outstanding Securities of such Series by written notice to the Trustee may on behalf of all of the Holders of Securities of such Series rescind an acceleration and its
consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default with respect to Securities of such Series (except nonpayment of principal, interest or premium that has become due solely because of
the acceleration) have been cured or waived. 
 Section 6.03 Other Remedies 

If an Event of Default with respect to Securities of any Series occurs and is continuing, the Trustee may pursue any available remedy to
collect the payment of principal, premium, if any, and interest on the Securities of such Series or to enforce the performance of any provision of the Securities of such Series or this Indenture. 

The Trustee may maintain a proceeding even if it does not possess any of the Securities of such Series or does not produce any of them in the
proceeding. A delay or omission by the Trustee or any Holder of a Security of any Series in exercising any right or remedy accruing upon an Event of Default with respect to Securities of such Series shall not impair the right or remedy or constitute
a waiver of or acquiescence in such Event of Default. All remedies are cumulative to the extent permitted by law. 
 Section 6.04 Waiver of Past
Defaults 
 Holders of not less than a majority in aggregate principal amount of the then outstanding Securities of a Series by notice
to the Trustee may on behalf of the Holders of all of the Securities of such Series waive an existing Default or Event of Default with respect to such Series and its consequences hereunder, except a continuing Default or Event of Default in the
payment of the principal of, premium, if any, or interest on, the Securities of such Series (including in connection with any offer to purchase); provided, however, that the Holders of a majority in aggregate principal amount of the then
outstanding Securities of such Series may rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration. Upon any such waiver, such Default shall cease to exist, and any Event of Default
arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 

Section 6.05 Control by Majority 

Holders of a majority in principal amount of the then outstanding Securities of a Series may direct the time, method and place of conducting
any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it with respect to the Securities of such Series. However, the Trustee may refuse to follow any direction that conflicts with law or this
Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Securities of such Series or that may involve the Trustee in personal liability. The Trustee shall be entitled to take any other action deemed proper
by the Trustee which is not inconsistent with such direction or this Indenture. 

  
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 Section 6.06 Limitation on Suits 

A Holder of a Security of any Series may pursue a remedy with respect to this Indenture or the Securities of that Series only if: 

(1) such Holder of a Security of that Series has previously given to the Trustee written notice of a continuing Event of
Default with respect to Securities of that Series; 
 (2) the Holders of at least 25% in principal amount of the then
outstanding Securities of that Series make a written request to the Trustee to pursue the remedy; 
 (3) such Holder of a
Security of that Series or Holders of Securities of that Series offer and, if requested, provide to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; 

(4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer and, if
requested, the provision of indemnity; and 
 (5) during such 60-day period the Holders of a majority in principal amount of
the then outstanding Securities of that Series do not give the Trustee a written direction inconsistent with the request. 
 A Holder of a
Security may not use this Indenture to prejudice the rights of another Holder of a Security of the same Series or to obtain a preference or priority over another Holder of a Security of the same Series. 

Section 6.07 Rights of Holders of Securities to Receive Payment 

Notwithstanding any other provision of this Indenture, the right of any Holder of a Security of any Series to receive payment of principal,
premium, if any, and interest on a Security of that Series, on or after the respective due dates expressed in the Security of that Series (including in connection with an offer to purchase), or to bring suit for the enforcement of any such payment
on or after such respective dates, shall not be impaired or affected without the consent of such Holder. 
 Section 6.08 Collection Suit by
Trustee 
 If an Event of Default with respect to Securities of any Series specified in Section 6.01(1) or (2) occurs and is
continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Company for the whole amount of principal of, premium, if any, and interest remaining unpaid on the Securities of that Series
and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel. 
 Section 6.09 Trustee May File Proofs of Claim 

The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the
claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders of the Securities of any Series allowed in any judicial proceedings relative to
the Company (or any other obligor upon the Securities of any Series), its creditors or its property and shall be entitled and 

  
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empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims and any custodian 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 to 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 7.07 hereof. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, and any other amounts due the Trustee under Section 7.07 hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all
distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained 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 of any Series or the rights of any Holder, or to
authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
 Section 6.10 Priorities 

If the Trustee collects any money pursuant to this Article 6, it shall pay out the money in the following order: 

First: to the Trustee, its agents and attorneys for amounts due under Section 7.07 hereof, including payment of
all compensation, expense and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 

Second: to Holders of Securities in respect of which or for the benefit of which such money has been collected for
amounts due and unpaid on such Securities for principal, premium, if any, and interest, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal, premium, if any and interest,
respectively; and 
 Third: to the Company or to such party as a court of competent jurisdiction shall direct. 

The Trustee may fix a record date and payment date for any payment to Holders of Securities pursuant to this Section 6.10. 

Section 6.11 Undertaking for Costs 

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted
by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’
fees, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder of a Security
pursuant to Section 6.07 hereof, or a suit by Holders of more than 10% in principal amount of the then outstanding Securities of any Series. 

  
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 ARTICLE 7. 

TRUSTEE 
 Section 7.01 Duties of
Trustee 
 (a) If an Event of Default with respect to any Series of Securities has occurred and is continuing, the Trustee will
exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

 (b) Except during the continuance of an Event of Default with respect to any Series of Securities: 

(1) the duties of the Trustee will be determined solely by the express provisions of this Indenture and the Trustee need
perform only those duties that are specifically set forth in this Indenture and no others, 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. However, in the case of any such certificates or opinions which by any provisions hereof are
specifically required to be furnished to the Trustee, the Trustee will examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture. 

(c) The Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful
misconduct, except that: 
 (1) this paragraph does not limit the effect of paragraph (b) of this Section 7.01;

 (2) the Trustee will not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is
proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (3) the Trustee will not be liable with
respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05 hereof. 

(d) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to
paragraphs (a), (b), and (c) of this Section 7.01. 
 (e) No provision of this Indenture will require the Trustee to expend
or risk its own funds or incur any liability. The Trustee will be under no obligation to exercise any of its rights and powers under this Indenture at the request of any Holders of a Series of Securities, unless such Holders have offered to the
Trustee security and indemnity reasonably satisfactory to it against any loss, liability or expense. 
 (f) The Trustee will not be
liable for interest on any money received by it except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

  
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 Section 7.02 Rights of Trustee 

(a) The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by the proper
Person. The Trustee need not investigate any fact or matter stated in the document. 
 (b) Before the Trustee acts or refrains from
acting, it may require an Officers’ Certificate or an Opinion of Counsel or both. The Trustee will not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or Opinion of Counsel. The
Trustee may consult with counsel and the written advice of such counsel or any Opinion of Counsel will be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith
and in reliance thereon. 
 (c) The Trustee may act through its attorneys and agents and will not be responsible for the misconduct or
negligence of any agent appointed with due care. 
 (d) The Trustee will not be liable for any action it takes or omits to take in good
faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture. 
 (e) Unless otherwise
specifically provided in this Indenture, any demand, request, direction or notice from the Company will be sufficient if signed by an Officer of the Company. 

(f) The Trustee will 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 of a Series of Securities unless such Holders have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities that might be incurred by it in compliance with such request or
direction. 
 (g) The Trustee shall not be deemed to have notice of any Default or Event of Default with respect to any Series of
Securities unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a Default or Event of Default is received by the Trustee at the Corporate Trust Office of the Trustee,
and such notice references the Series Securities governed by this Indenture with respect to which such Default or Event of Default relates. 

(h) The rights, privileges, immunities and benefits given to the Trustee hereunder, including without limitation, its right to be
indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed by the Trustee consistent with the terms of this Indenture to act hereunder. 

(i) Any permissive right or authority granted to the Trustee shall not be construed as a mandatory duty. 

Section 7.03 Individual Rights of Trustee 

The Trustee in its individual or any other capacity may become the owner or pledgee of Securities of any Series and may otherwise deal with
the Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest, as described in the TIA, it must eliminate such conflict within
90 days, apply to the SEC for permission to continue as Trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof. 

  
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 Section 7.04 Trustee’s Disclaimer 

The Trustee will not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Securities of any
Series, it shall not be accountable for the Company’s use of the proceeds from the Securities of any Series or any money paid to the Company or upon the Company’s direction under any provision of this Indenture, it will not be responsible
for the use or application of any money received by any Paying Agent other than the Trustee, and it will not be responsible for any statement or recital herein or any statement in the Securities of any Series or any other document in connection with
the sale of the Securities of any Series or pursuant to this Indenture other than its certificate of authentication. 
 Section 7.05 Notice of
Defaults 
 If a Default or Event of Default with respect to any Series of Securities of such Series occurs and is continuing and if it
is known to the Trustee, the Trustee will mail to Holders of Securities of such Series a notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in payment of principal of,
premium, if any, or interest on a Security of any Series, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders of the
Securities of such Series. 
 Section 7.06 Reports by Trustee to Holders of the Securities 

(a) Within 60 days after each [ ● ] beginning with the [ ● ] following the
date of this Indenture, and for so long as Securities of any Series remain outstanding, the Trustee will mail to the Holders of the Securities of such Series a brief report dated as of such reporting date that complies with TIA § 313(a)
(but if no event described in TIA § 313(a) has occurred within the twelve months preceding the reporting date, no report need be transmitted). The Trustee also will comply with TIA § 313(b)(2). The Trustee will also transmit by
mail all reports as required by TIA § 313(c). 
 (b) A copy of each report at the time of its mailing to the Holders of
Securities of any Series will be mailed by the Trustee to the Company and filed by the Trustee with the SEC and each stock exchange on which the Securities of such Series are listed in accordance with TIA § 313(d). The Company will
promptly notify the Trustee when the Securities of any Series are listed on any stock exchange. 
 Section 7.07 Compensation and Indemnity 

(a) The Company will pay to the Trustee from time to time reasonable compensation for its acceptance of this Indenture and services
hereunder as the Company and Trustee shall from time to time agree in writing. The Trustee’s compensation will not be limited by any law on compensation of a trustee of an express trust. The Company will reimburse the Trustee promptly upon
request for all reasonable disbursements, advances and expenses incurred or made by it in addition to the compensation for its services. Such expenses will include the reasonable compensation, disbursements and expenses of the Trustee’s agents
and counsel. 
 (b) The Company shall indemnify the Trustee against any and all losses, liabilities or expenses incurred by it arising
out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 7.07) and defending itself against any
claim (whether asserted by the Company or any Holder or any other Person) or liability in connection with the exercise or performance of any of its 

  
 28 

 
powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith or willful misconduct. The Trustee will notify the Company
promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company will not relieve the Company of its obligations hereunder. The Company will defend the claim and the Trustee will cooperate in the defense. The
Trustee may have separate counsel and the Company will pay the reasonable fees and expenses of such counsel. The Company need not pay for any settlement made without its consent, which consent will not be unreasonably withheld. 

(c) The obligations of the Company under this Section 7.07 will survive the satisfaction and discharge of this Indenture. 

(d) To secure the Company’s payment obligations in this Section 7.07, the Trustee will have a Lien prior to the Securities of
each Series on all money or property held or collected by the Trustee, except that held in trust to pay principal and interest on particular Securities of a Series. Such Lien will survive the satisfaction and discharge of this Indenture. 

(e) When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.01(5) or (6) hereof
occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law. 

(f) The Trustee will comply with the provisions of TIA § 313(b)(2) to the extent applicable. 

Section 7.08 Replacement of Trustee 

(a) A resignation or removal of the Trustee and appointment of a successor Trustee with respect to the Securities of one or more Series
will become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.08. 

(b) The Trustee may resign in writing at any time and be discharged from the trust hereby created by so notifying the Company. The
Holders of a majority in principal amount of the then outstanding Securities of a Series may remove the Trustee with respect to such Series by so notifying the Trustee and the Company in writing. The Company may remove the Trustee with respect to
the Securities of one or more Series if: 
 (1) the Trustee fails to comply with Section 7.10 hereof; 

(2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any
Bankruptcy Law; 
 (3) a custodian or public officer takes charge of the Trustee or its property; or 

(4) the Trustee becomes incapable of acting. 

(c) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason with respect to the Securities of
one or more Series, the Company will promptly appoint a successor Trustee 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 Series). Within one year after a successor Trustee takes office, the Holders of a majority in principal amount of the then outstanding
Securities of a Series may appoint a successor Trustee with respect to such Series to replace the successor Trustee for such Series appointed by the Company. 

  
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 (d) If a successor Trustee for a Series does not take office within 60 days after
the retiring Trustee for such Series resigns or is removed, the retiring Trustee, the Company, or the Holders of at least 10% in principal amount of the then outstanding Securities of such Series may petition any court of competent jurisdiction for
the appointment of a successor Trustee with respect to such Series. 
 (e) If the Trustee for a Series, after written request by any
Holder of Securities of such Series who has been a Holder of Securities of such Series for at least six months, fails with respect to such Series to comply with Section 7.10, such Holder may petition any court of competent jurisdiction for the
removal of the Trustee for such Series and the appointment of a successor Trustee for such Series. 
 (f) A successor Trustee will
deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon, the resignation or removal of the retiring Trustee will become effective, and the successor Trustee will have all the rights, powers and duties of
the Trustee under this Indenture. The successor Trustee will mail a notice of its succession to Holders of each Series of Securities for which it acts as Trustee. The retiring Trustee will promptly transfer all property held by it as Trustee to the
successor Trustee, provided all sums owing to the Trustee hereunder have been paid and subject to the Lien provided for in Section 7.07 hereof. Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the
Company’s obligations under Section 7.07 hereof will continue for the benefit of the retiring Trustee. 
 Section 7.09 Successor Trustee
by Merger, etc. 
 If the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust
business to, another corporation, the successor corporation without any further act will be the successor Trustee. 
 Section 7.10 Eligibility;
Disqualification 
 There will at all times be a Trustee hereunder that is a corporation organized and doing business under the laws of
the United States of America or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of
at least $100 million as set forth in its most recent published annual report of condition. 
 This Indenture will always have a Trustee who
satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee is subject to TIA § 310(b). 
 Section 7.11
Preferential Collection of Claims Against Company 
 The Trustee is subject to TIA § 311(a), excluding any creditor
relationship listed in TIA § 311(b). A Trustee who has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated therein. 

  
 30 

 ARTICLE 8. 

LEGAL DEFEASANCE AND COVENANT DEFEASANCE 

Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance 

If, pursuant to Section 2.02, provision is made for either or both of (a) defeasance of the Securities of or within a Series under
Section 8.02 or (b) covenant defeasance of the Securities of or within a Series under Section 8.03 to be applicable to the Securities of a Series, then the provisions of such Section or Sections, as the case may be, together with the
other provisions of this Article (with such modifications thereto as may be specified pursuant to Section 2.02 with respect to the Securities of such Series), shall be applicable to the Securities of such Series, and the Company may, at the
option of the Board of Directors evidenced by a resolution set forth in an Officers’ Certificate, at any time, elect to have either Section 8.02 or 8.03 hereof be applied to all outstanding Securities of such Series upon compliance with
the conditions set forth below in this Article 8. 
 Section 8.02 Legal Defeasance and Discharge 

Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.02, the Company shall, subject
to the satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its obligations with respect to all outstanding Securities of a Series on the date the conditions set forth below are satisfied with
respect to the Securities of such Series (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company will be deemed to have paid and discharged the entire Indebtedness represented by the outstanding
Securities of such Series, which will thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 hereof and the other Sections of this Indenture referred to in clauses (1) and (2) below, and to have
satisfied all their other obligations under the Securities of such Series and this Indenture (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following
provisions which will survive until otherwise terminated or discharged hereunder: 
 (1) the rights of Holders of
outstanding Securities of such Series to receive payments in respect of the principal of, or interest or premium, if any, on such Securities when such payments are due from the trust referred to in Section 8.04 hereof; 

(2) the Company’s obligations with respect to the Securities of such Series under Article 2 and Section 4.02
hereof; 
 (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Company’s obligations
in connection therewith; and 
 (4) this Article 8. 

Subject to compliance with this Article 8, the Company may exercise its option under this Section 8.02 with respect to Securities of
a Series notwithstanding the prior exercise of its option under Section 8.03 hereof with respect to Securities of such Series. 
 Section 8.03
Covenant Defeasance 
 Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this
Section 8.03, the Company shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from each of their obligations under the covenants contained in Sections 4.3 and 4.4, as well as

  
 31 

 
any additional covenants contained in a supplemental indenture hereto for a particular Series of Securities, with respect to the outstanding Securities of a Series on and after the date the
conditions set forth in Section 8.04 hereof are satisfied (hereinafter, “Covenant Defeasance”), and the Securities of such Series shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver,
consent or declaration or act of Holders of Securities of such Series (and the consequences of any thereof) in connection with such covenants, but will continue to be deemed “outstanding” for all other purposes hereunder (it being
understood that the Securities of such Series will not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Securities of such Series, the Company may omit to comply with
and will have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such
covenant to any other provision herein or in any other document and such omission to comply will not constitute a Default or an Event of Default with respect to Securities of such Series under Section 6.01 hereof, but, except as specified
above, the remainder of this Indenture and the Securities of such Series will be unaffected thereby. In addition, upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03 hereof, subject to
the satisfaction of the conditions set forth in Section 8.04 hereof, Sections 6.01(3) through 6.01(5) hereof will not constitute Events of Default. 

Section 8.04 Conditions to Legal or Covenant Defeasance 

In order to exercise either Legal Defeasance or Covenant Defeasance under either Section 8.02 or 8.03 hereof: 

(1) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of Securities of a Series,
cash in such currency, currencies or currency units in which such Securities are then specified as payable at Stated Maturity, non-callable Government Securities, or a combination thereof, in such amounts as will be sufficient, in the opinion of a
nationally recognized firm of independent public accountants, to pay the principal of, premium, if any, and interest on the outstanding Securities of such Series on the stated date for payment thereof or on the applicable redemption date, as the
case may be, and the Company must specify whether the Securities of such Series are being defeased to maturity or to a particular redemption date; 

(2) in the case of an election under Section 8.02 hereof, the Company has delivered to the Trustee an Opinion of Counsel
in the United States reasonably acceptable to the Trustee confirming that: 
 (A) the Company has received from, or there
has been published by, the Internal Revenue Service a ruling; or 
 (B) since the date of this Indenture, there has been a
change in the applicable federal income tax law, 
 in either case to the effect that, and based thereon such Opinion of Counsel shall
confirm that, the Holders of the outstanding Securities of such Series will not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts, in the
same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 
 (3) in the case
of an election under Section 8.03 hereof, the Company must deliver to the Trustee an Opinion of Counsel in the United States reasonably acceptable to the Trustee 

  
 32 

 
confirming that the Holders of the outstanding Securities of such Series will not recognize income, gain or loss for federal income tax purposes as a result of such Covenant Defeasance and will
be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4) no Default or Event of Default with respect to Securities of such Series shall have occurred and be continuing on the date
of such deposit (other than a Default or Event of Default with respect to Securities of such Series resulting from the borrowing of funds to be applied to such deposit); 

(5) such Legal Defeasance or Covenant Defeasance will not result in a breach or violation of, or constitute a default under,
any material agreement or instrument (other than this Indenture) with respect to such Securities to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; 

(6) the Company must deliver to the Trustee an Officers’ Certificate stating that the deposit was not made by the Company
with the intent of preferring the Holders of Securities of such Series over the other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company or others; and 

(7) the Company must deliver to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent provided for or relating to the Legal Defeasance or the Covenant Defeasance have been complied with. 
 Section 8.05 Deposited
Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions Subject to Section 8.06 hereof, all money and non-callable Government Securities (including the proceeds thereof) deposited with the Trustee (or other
qualifying trustee, collectively for purposes of this Section 8.05, the “Trustee”) pursuant to Section 8.04 hereof in respect of the outstanding Securities of a Series will be held in trust and applied by the Trustee, in
accordance with the provisions of the Securities of such Series and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of the
Securities of such Series of all sums due and to become due thereon in respect of principal, premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law. 

The Company will pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable
Government Securities deposited pursuant to Section 8.04 hereof 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 an outstanding Series of
Securities. 
 Notwithstanding anything in this Article 8 to the contrary, the Trustee will deliver or pay to the Company from time to
time upon the request of the Company any money or non-callable Government Securities held by it as provided in Section 8.04 hereof which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(1) hereof), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or
Covenant Defeasance. 
 Section 8.06 Repayment to Company Any money deposited with the Trustee or any Paying Agent, or then held by the Company,
in trust for the payment of the principal of, premium, if any, or 

  
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interest on any Series of Securities and remaining unclaimed for two years after such principal, premium, if any, or interest has become due and payable shall be paid to the Company on its
request or (if then held by the Company) will be discharged from such trust; and the Holder of Security of such Series will thereafter be permitted to look only to the Company for payment thereof, and all liability of the Trustee or such Paying
Agent with respect to such trust money, and all liability of the Company as trustee thereof, will thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense
of the Company cause to be published once, in The New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be less than 30 days from the
date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Company. 
 Section 8.07
Reinstatement If the Trustee or Paying Agent is unable to apply any United States dollars or other currency or non-callable Government Securities in accordance with Section 8.02 or 8.03 hereof, as the case may be, by reason of any order
or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this Indenture and each applicable Series of Securities will be revived and reinstated as
though no deposit had occurred pursuant to Section 8.02 or 8.03 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.02 or 8.03 hereof, as the case may be; provided,
however, that, if the Company makes any payment of principal of, premium, if any, or interest on any Series of Securities following the reinstatement of its obligations, the Company will be subrogated to the rights of the Holders of such Series
of Securities to receive such payment from the money held by the Trustee or Paying Agent. 
 ARTICLE 9. 

AMENDMENT, SUPPLEMENT AND WAIVER 

Section 9.01 Without Consent of Holders of Securities Notwithstanding Section 9.02 of this Indenture, the Company and the Trustee may amend
or supplement this Indenture or any Series of Securities without the consent of any Holder of Securities: 
 (1) to evidence
the succession of another Person to the Company or a Guarantor and the assumption by any such successor of the covenants of the Company or such Guarantor herein, in any Security Guarantee and in the Securities contained; provided that such
succession is otherwise in compliance with this Indenture and applicable law; 
 (2) to add to the covenants of the Company
or any Guarantor for the benefit of the Holders of all or any Series of Securities (and, if such covenants are to be for the benefit of less than all Series of Securities, stating that such covenants are expressly being included solely for the
benefit of such Series) or to surrender any right or power herein conferred upon the Company or any Guarantor; 
 (3) to add
any additional Events of Default for the benefit of the Holders of all or any Series of Securities (and if such Events of Default are to be for the benefit of less than all Series of Securities, stating that such Events of Default are expressly
being included solely for the benefit of such Series); provided, however, that in respect of any such additional Events of Default such supplemental indenture may provide for a particular period of grace after default (which period may be
shorter or longer than that allowed in the case of other defaults) or may provide for an immediate enforcement upon such default or may limit the remedies available to the Trustee upon such default or may limit the right of the Holders of a majority
in aggregate principal amount of that or those Series of Securities to which such additional Events of Default apply to waive such default; 

  
 34 

 (4) to permit or facilitate the issuance of Securities in uncertificated
form, provided that any such action shall not adversely affect the interest of the Holders of Securities of any Series in any material respect; 

(5) to add to, change or eliminate any of the provisions of this Indenture or any Guarantee in respect of any Series of
Securities, provided that any such addition, change or elimination shall (i) neither (A) 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
(B) modify the rights of the Holder of any such Security with respect to such provision; or (ii) become effective only when there is no Security Outstanding; 

(6) to secure the Securities of any Series; 

(7) to establish the form or terms of Securities of any Series as permitted by Sections 2.01 and 2.02, including the
provisions and procedures relating to Securities convertible into or exchangeable for other securities or property of the Company; 

(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 or change any of the provisions of the Indenture or any Guarantee as shall be reasonable and necessary solely to provide for or facilitate the administration of the trusts hereunder by more than one Trustee;
provided that such succession is otherwise in compliance with this Indenture and applicable law; 
 (9) to cure any
ambiguity, defect or inconsistency; 
 (10) to provide for uncertificated Securities in addition to or in place of
certificated Securities or to alter the provisions of Article 2 hereof (including the related definitions) in a manner that does not materially adversely affect any Holder of any Series of Securities; 

(11) to provide for the assumption of the Company’s obligations to the Holders of each Series of Securities by a
successor to the Company pursuant to Article 5 hereof; 
 (12) to make any change that would provide any additional
rights or benefits to the Holders of each Series of Securities or that does not adversely affect the legal rights hereunder of any Holder of any Series of Securities; or 

(13) to comply with requirements of the SEC in order to effect or maintain the qualification of this Indenture under the TIA.

 Upon the request of the Company accompanied by a resolution of the Board of Directors authorizing the execution of any such amended or
supplemental indenture, and upon receipt by the Trustee of the documents described in Section 7.02 hereof, the Trustee will join with the Company in the execution of any amended or supplemental indenture authorized or permitted by the terms of
this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee will not be obligated to enter into such amended or supplemental indenture that affects its own rights, duties or
immunities under this Indenture or otherwise. 
 Section 9.02 With Consent of Holders of Securities Except as provided below in this
Section 9.02, the Company and the Trustee may amend or supplement this Indenture and the Securities of an affected Series with the consent of the Holders of at least a majority in principal amount of the Securities of such affected Series then
outstanding, voting as a separate class, (including, without limitation, consents 

  
 35 

 
obtained in connection with a tender offer or exchange offer for, or purchase of, the Securities of each affected Series). Subject to Sections 6.04 and 6.07 hereof, any existing Default or
Event of Default with respect to a Series of Securities (other than a Default or Event of Default in the payment of the principal of, premium, if any, or interest on the Securities of such Series, except a payment default resulting from an
acceleration that has been rescinded) or compliance with any provision of this Indenture or the Securities of such Series may be waived with the consent of the Holders of a majority in principal amount of the then outstanding Securities of such
Series voting as a single class (including consents obtained in connection with a tender offer or exchange offer for, or purchase of, the Securities of such Series). Section 2.08 hereof shall determine which Securities are considered to be
“outstanding” for purposes of this Section 9.02. 
 Upon the request of the Company accompanied by a Board Resolution
authorizing the execution of any such amended or supplemental indenture, and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Securities of each required Series as aforesaid, and upon receipt
by the Trustee of the documents described in Section 7.02 hereof, the Trustee will join with the Company in the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly affects the
Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but will not be obligated to, enter into such amended or supplemental indenture. 

It is not be necessary for the consent of the Holders of Securities of any Series under this Section 9.02 to approve the particular form
of any proposed amendment or waiver, but it is sufficient if such consent approves the substance thereof. 
 After an amendment, supplement
or waiver under this Section 9.02 becomes effective, the Company will mail to the Holders of Securities of each Series affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such
notice, or any defect therein, will not, however, in any way impair or affect the validity of any such amended or supplemental indenture or waiver. Subject to Sections 6.04 and 6.07 hereof, the Holders of a majority in aggregate principal
amount of the Securities of any Series then outstanding voting as a single class may waive compliance in a particular instance by the Company with any provision of this Indenture with respect to such Series or such Series of Securities. However,
without the consent of each Holder affected, an amendment or waiver under this Section 9.02 may not (with respect to any Securities held by a non-consenting Holder): 

(1) reduce the principal amount of Securities whose Holders must consent to an amendment, supplement or waiver; 

(2) reduce the principal of or change the fixed maturity of any Security or alter or waive any of the provisions with respect
to the redemption of the Securities; 
 (3) reduce the rate of or change the time for payment of interest, including default
interest, on any Security; 
 (4) waive a Default or Event of Default in the payment of principal of or premium, if any, or
interest on any Securities (except a rescission of acceleration of the Securities of any Series by the Holders of at least a majority in aggregate principal amount of the then outstanding Securities of such Series and a waiver of the payment default
that resulted from such acceleration); 
 (5) make any Security payable in currency other than that stated in the
Securities; 

  
 36 

 (6) make any change in the provisions of this Indenture relating to waivers
of past Defaults or the rights of Holders of Securities to receive payments of principal of, or interest or premium, if any, on the Securities; 

(7) waive a redemption payment, if any, with respect to any Securities or change any of the provisions with respect to the
redemption of any Securities; or 
 (8) make any change in the foregoing amendment and waiver provisions. 

Section 9.03 Compliance with Trust Indenture Act Every amendment or supplement to this Indenture or the Securities will be set forth in a amended
or supplemental indenture that complies with the TIA as then in effect. 
 Section 9.04 Revocation and Effect of Consents Until an amendment,
supplement or waiver becomes effective, a consent to it by a Holder of a Security is a continuing consent by the Holder of a Security and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting
Holder’s Security, even if notation of the consent is not made on any Security. However, any such Holder of a Security or subsequent Holder of a Security may revoke the consent as to its Security if the Trustee receives written notice of
revocation before the date the waiver, supplement or amendment becomes effective. An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds every Holder. 

Section 9.05 Notation on or Exchange of Securities The Trustee may place an appropriate notation about an amendment, supplement or waiver on any
Security thereafter authenticated. If the Company so determines, the Company in exchange for all Securities of a Series may issue and the Trustee shall, upon receipt of an Authentication Order, authenticate new Securities of such Series that reflect
the amendment, supplement or waiver. 
 Failure to make the appropriate notation or issue a new Security will not affect the validity and
effect of such amendment, supplement or waiver. 
 Section 9.06 Trustee to Sign Amendments, etc. 

The Trustee will sign any amended or supplemental indenture authorized pursuant to this Article 9 if the amendment or supplement does not
adversely affect the rights, duties, liabilities or immunities of the Trustee. The Company may not sign an amendment or supplemental indenture until the Board of Directors approves it. In executing any amended or supplemental indenture, the Trustee
will be entitled to receive and (subject to Section 7.01 hereof) will be fully protected in relying upon, in addition to the documents required by Section 12.04 hereof, an Officers’ Certificate and an Opinion of Counsel stating that
the execution of such amended or supplemental indenture is authorized or permitted by this Indenture. 
 ARTICLE 10. 

GUARANTEES 
 Section 10.01 Guarantees.

 (a) If, pursuant to Section 2.02, provision is made for the Guarantee of the Securities of a Series, then subject to this
Article 10, each of the Guarantors hereby, jointly and severally, unconditionally guarantees to each Holder of a Security of such Series authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective
of the validity and enforceability of 

  
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this Indenture, the Securities of such Series or the obligations of the Company hereunder or thereunder, that: 

(1) the principal of, premium, and interest on such Securities and any Additional Amounts will be promptly paid in full when
due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on such Securities, if any, if lawful, and all other obligations of the Company to the Holders of Securities of such Series or
the Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 

(2) in case of any extension of time of payment or renewal of any such Securities or any of such other obligations, that same
will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 

Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors will be jointly and
severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 

(b) The Guarantors hereby agree that their obligations hereunder are unconditional, irrespective of the validity, regularity or
enforceability of the Securities or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Securities with respect to any provisions hereof or thereof, the recovery of any judgment against the
Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Guarantor hereby waives diligence, presentment, demand of payment, filing of claims
with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenant that the Security Guarantee will not be discharged except by
complete performance of the obligations contained in such Securities and this Indenture. 
 (c) If any Holder or the Trustee is
required by any court or otherwise to return to the Company, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or the Guarantors, any amount paid by either to the Trustee or such
Holder, the Security Guarantee, to the extent theretofore discharged, will be reinstated in full force and effect. 
 (d) Each
Guarantor agrees that it will not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, as
between the Guarantors, on the one hand, and the Holders and the Trustee, on the other hand, (1) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 hereof for the purposes of the Security
Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in
Article 6 hereof, such obligations (whether or not due and payable) will forthwith become due and payable by the Guarantors for the purpose of the Security Guarantee. The Guarantors will have the right to seek contribution from any non-paying
Guarantor so long as the exercise of such right does not impair the rights of the Holders under the Security Guarantee. 
 Section 10.02 Limitation
on Guarantor Liability. 
 Each Guarantor, and by its acceptance of Securities, each Holder, hereby confirms that it is the intention of
all such parties that the Security Guarantee of such Guarantor not constitute a fraudulent 

  
 38 

 
transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to
any Security Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of such Guarantor under its Security Guarantee and this Article 10 shall be limited to the
maximum amount as will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution
from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under this Article 10, result in the obligations of such Guarantor under its Security Guarantee not constituting a fraudulent
transfer or conveyance. 
 Section 10.03 Execution and Delivery of Security Guarantee. 

To evidence its Security Guarantee set forth in Section 10.01, each Guarantor hereby agrees that a notation of such Security Guarantee
will be endorsed by an Officer of such Guarantor on each Security of a guaranteed Series authenticated and delivered by the Trustee and that this Indenture will be executed on behalf of such Guarantor by one of its Officers. 

Each Guarantor hereby agrees that its Security Guarantee set forth in Section 10.01 will remain in full force and effect notwithstanding
any failure to endorse on each Security of a guaranteed Series a notation of such Security Guarantee. 
 If an Officer whose signature is on
this Indenture or on the Security Guarantee no longer holds that office at the time the Trustee authenticates the Security on which a Security Guarantee is endorsed, the Security Guarantee will be valid nevertheless. 

The delivery of any Security of a guaranteed Series by the Trustee, after the authentication thereof hereunder, will constitute due delivery
of the Security Guarantee set forth in this Indenture on behalf of the Guarantors. 
 Section 10.04 Guarantors May Consolidate, etc., on Certain
Terms. 
 Except as otherwise provided in Section 10.05, no Guarantor may sell or otherwise dispose of all or substantially all of
its assets to, or consolidate with or merge with or into (whether or not such Guarantor is the surviving Person) another Person, other than the Company or another Guarantor, unless: 

(1) immediately after giving effect to such transaction, no Default or Event of Default exists; and 

(2) subject to Section 10.05 hereof, the Person acquiring the property in any such sale or disposition or the Person
formed by or surviving any such consolidation or merger unconditionally assumes all the obligations of that Guarantor, pursuant to a supplemental indenture in form and substance reasonably satisfactory to the Trustee, under the Securities of a
guaranteed Series, this Indenture and the Security Guarantee on the terms set forth herein or therein. 
 In case of any such consolidation,
merger, sale or conveyance and upon the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Security Guarantee endorsed upon the Securities of a
guaranteed Series and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the Guarantor, such successor Person will succeed to and be substituted for the Guarantor with the same

  
 39 

 
effect as if it had been named herein as a Guarantor. Such successor Person thereupon may cause to be signed any or all of the Security Guarantees to be endorsed upon all of the Securities of a
guaranteed Series issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee. All the Security Guarantees so issued will in all respects have the same legal rank and benefit under this Indenture as
the Security Guarantees theretofore and thereafter issued in accordance with the terms of this Indenture as though all of such Security Guarantees had been issued at the date of the execution hereof. 

Except as set forth in Articles 4 and 5 hereof, nothing contained in this Indenture or in any of the Securities will prevent any consolidation
or merger of a Guarantor with or into the Company or another Guarantor, or will prevent any sale or conveyance of the property of a Guarantor as an entirety or substantially as an entirety to the Company or another Guarantor. 

Section 10.05 Releases Following Sale of Assets. 

In the event of any sale or other disposition of all or substantially all of the assets of any Guarantor, by way of merger, consolidation or
otherwise, or a sale or other disposition of all to the Capital Stock of any Guarantor, in each case to a Person that is not (either before or after giving effect to such transactions) a wholly-owned Subsidiary of the Company, then such Guarantor
(in the event of a sale or other disposition, by way of merger, consolidation or otherwise, of all of the capital stock of such Guarantor) or the corporation acquiring the property (in the event of a sale or other disposition of all or substantially
all of the assets of such Guarantor) will be released and relieved of any obligations under its Security Guarantee; provided that the net proceeds of such sale or other disposition are applied in accordance with applicable provisions of this
Indenture, if any, including, without limitation, provisions included in any Board Resolution or Officers’ Certificate pursuant to a Board Resolution described in Section 2.02. Upon delivery by the Company to the Trustee of an
Officers’ Certificate and an Opinion of Counsel to the effect that such sale or other disposition was made by the Company in accordance with the provisions of this Indenture, the Trustee will execute any documents reasonably required in order
to evidence the release of any Guarantor from its obligations under its Security Guarantee. 
 Any Guarantor not released from its
obligations under its Security Guarantee will remain liable for the full amount of principal of and interest on the Securities of a Series that it has guaranteed and for the other obligations of any Guarantor of Securities of a Series that it has
guaranteed under this Indenture as provided in this Article 10. 
 ARTICLE 11. 

SATISFACTION AND DISCHARGE 
 Section 11.01
Satisfaction and Discharge This Indenture will be discharged and will cease to be of further effect as to all Securities of a Series issued hereunder, when: 

(1) either: 

(a) all Securities of such Series that have been authenticated (except lost, stolen or destroyed Securities that have been
replaced or paid and Securities for whose payment money has theretofore been deposited in trust and thereafter repaid to the Company) have been delivered to the Trustee for cancellation; or 

(b) all Securities of such Series that have not been delivered to the Trustee for cancellation have become due and payable by
reason of the making of a notice of redemption or otherwise or will become due and payable within one year and the Company has irrevocably 

  
 40 

 
deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders of such Series, cash in U.S. dollars, non-callable Government Securities, or a
combination thereof, in such amounts as will be sufficient without consideration of any reinvestment of interest to pay and discharge the entire indebtedness on the Securities of such Series not delivered to the Trustee for cancellation for
principal, premium, if any, and accrued interest to the date of maturity or redemption; 
 (2) no Default or Event of
Default has occurred and is continuing on the date of such deposit or will occur as a result of such deposit and such deposit will not result in a breach or violation of, or constitute a default under, any other instrument to which the Company is a
party or by which the Company is bound; 
 (3) the Company has paid or caused to be paid all sums payable by it under this
Indenture; and 
 (4) the Company has delivered irrevocable instructions to the Trustee under this Indenture to apply the
deposited money toward the payment of the Securities of such Series at maturity or the redemption date, as the case may be. 
 In addition,
the Company must deliver an Officers’ Certificate and an Opinion of Counsel to the Trustee stating that all conditions precedent to satisfaction and discharge have been satisfied. 

Notwithstanding the satisfaction and discharge of this Indenture as to all Securities of any Series under this Indenture, if money has been
deposited with the Trustee pursuant to subclause (b) of clause (1) of this Section with respect to a Series of Securities, the provisions of Section 11.02 and Section 8.06 will survive with respect to such Series of Securities.
In addition, nothing in this Section 11.01 will be deemed to discharge those provisions of Section 7.07 hereof, that, by their terms, survive the satisfaction and discharge of this Indenture. 

Section 11.02 Application of Trust Money Subject to the provisions of Section 8.06, all money deposited with the Trustee pursuant to
Section 11.01 shall be held in trust and applied by it, in accordance with the provisions of the Securities of such Series and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own
Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds
except to the extent required by law. 
 If the Trustee or Paying Agent is unable to apply any money or Government Securities in accordance
with Section 11.01 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under this
Indenture and the Securities of such Series shall be revived and reinstated as though no deposit had occurred pursuant to Section 11.01; provided that if the Company has made any payment of principal of, premium, if any, or interest on
any Securities of such Series because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of Securities of such Series to receive such payment from the money or Government Securities held by the
Trustee or Paying Agent. 
 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed or assessed against
the Trustee with respect to the money deposited with the Trustee pursuant to Section 11.01 hereof. 

  
 41 

 ARTICLE 12. 

MISCELLANEOUS 
 Section 12.01 Trust
Indenture Act Controls If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by TIA §318(c), the imposed duties will control. 

Section 12.02 Notices Any notice or communication by the Company or the Trustee to the others is duly given if in writing and delivered in Person
or mailed by first class mail (registered or certified, return receipt requested), telex, telecopier or overnight air courier guaranteeing next day delivery, to the others’ address: 

If to the Company: 
 Gladstone Commercial
Corporation 
 1521 Westbranch Drive, Suite 100, 

McLean, Virginia 22102 
 Fax No.:
(901) 259-2594 
 Telephone No.: (703) 287-5899 

Attention: David J. Gladstone 
 With a copy to:

 Bass, Berry & Sims PLC 

150 Third Avenue South, Suite 2800 

Nashville, TN 37201 
 Fax No.:
615-742-2780 
 Telephone No.: 615-742-6280 

Attention: Lori B. Morgan 
 If to the Trustee:

 [ ● ] 

[ ● ] 

[ ● ] 

Fax No.: [ ● ] 

Telephone No.: [ ● ] 

Attention: [ ● ] 

The Company or the Trustee, by notice to the others may designate additional or different addresses for subsequent notices or communications.

 All notices and communications (other than those sent to Holders) will be deemed to have been duly given: at the time delivered by hand,
if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when receipt acknowledged, if telecopied; and the next Business Day after timely delivery to the courier, if
sent by overnight air courier guaranteeing next day delivery. 
 Any notice or communication to a Holder will be mailed by first class mail,
certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to its 

  
 42 

 
address shown on the register kept by the Registrar. Any notice or communication will also be so mailed to any Person described in TIA § 313(c), to the extent required by the TIA. Failure to
mail a notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders. 
 If a notice
or communication is mailed in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives it. 

If the Company mails a notice or communication to Holders of a Series of Securities, it will mail a copy to the Trustee and each Agent for
such Series of Securities at the same time. 
 Section 12.03 Communication by Holders of Securities with Other Holders of Securities 

Holders may communicate pursuant to TIA § 312(b) with other Holders with respect to their rights under this Indenture or the Securities.
The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 
 Section 12.04 Certificate and Opinion as
to Conditions Precedent 
 Upon any request or application by the Company to the Trustee to take any action under this Indenture, the
Company shall furnish to the Trustee: 
 (1) an Officers’ Certificate in form and substance reasonably satisfactory to
the Trustee (which must include the statements set forth in Section 12.05 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have
been satisfied; and 
 (2) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee (which must
include the statements set forth in Section 12.05 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been satisfied. 

Section 12.05 Statements Required in Certificate or Opinion 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate
provided pursuant to TIA § 314(a)(4)) must comply with the provisions of TIA § 314(e) and must include: 
 (1) a
statement that the Person making such certificate or opinion has read such covenant or condition; 
 (2) a brief statement
as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

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

(4) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been satisfied. 

In giving an Opinion of Counsel, counsel may rely as to factual matters on an Officers’ Certificate or certificates of public officials.

  
 43 

 Section 12.06 Rules by Trustee and Agents 

The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and
set reasonable requirements for its functions. 
 Section 12.07 No Personal Liability of Directors, Officers, Employees and Stockholders 

No past, present or future director, officer, employee, incorporator or stockholder of the Company, as such, will have any liability for any
obligations of the Company under the Securities, this Indenture, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Securities by accepting a Security waives and releases all such liability.
The waiver and release are part of the consideration for issuance of the Securities. The waiver may not be effective to waive liabilities under the federal securities laws. 

Section 12.08 Governing Law 
 THE
INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE AND THE SECURITIES WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION
WOULD BE REQUIRED THEREBY. 
 Section 12.09 No Adverse Interpretation of Other Agreements 

This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any other
Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 12.10 Successors 

All agreements of the Company in this Indenture and the Securities will bind its successors. All agreements of the Trustee in this Indenture
will bind its successors. 
 Section 12.11 Severability 

In case any provision in this Indenture or in the Securities is invalid, illegal or unenforceable, the validity, legality and enforceability
of the remaining provisions will not in any way be affected or impaired thereby. 
 Section 12.12 Counterpart Originals 

The parties may sign any number of copies of this Indenture. Each signed copy will be an original, but all of them together represent the same
agreement. 
 Section 12.13 Table of Contents, Headings, etc. 

The Table of Contents, Cross-Reference Table and Headings of the Articles and Sections of this Indenture have been inserted for convenience of
reference only, are not to be considered a part of this Indenture and will in no way modify or restrict any of the terms or provisions hereof. 

  
 44 

 SIGNATURES 

Dated as of [ ● ],              

 

			
	COMPANY:
	
	GLADSTONE COMMERCIAL CORPORATION
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	GUARANTORS :
	
	[ ● ]
		
	By	 	 
	Name:	 	
	Title:	 	
	
	[ ● ]
		
	By	 	 
	Name:	 	
	Title:	 	
	
	each as a Guarantor
	
	TRUSTEE:
	
	[ ● ]
		
	By	 	 
	Name:	 	
	Title:	 	

  
 45Blueprint

 

EXHIBIT 10.1

 

BRIDGE LOAN AGREEMENT

 

This
BRIDGE LOAN AGREEMENT (this “Agreement”) is made and entered
into on January 28, 2020, by and among the following
parties:

 

1.

Cellular
Biomedicine Group, Inc., a Delaware corporation (the
“Company” or
“Borrower”);

 

2.

Winsor Capital
Limited, a company incorporated under the laws of the British
Virgin Islands (the “Lender”).

 

The
Company and the Lender are collectively referred to below as the
“Parties” and
each a “Party”.

 

RECITALS

 

A.

The Company
requires an infusion of funds in order to conduct its business
activities.

 

B.

The Lender is
willing to make available the Loan (as defined below) to the
Company, on the terms set forth below.

 

NOW,
THEREFORE, in consideration of the premises set forth above, the
mutual promises and covenants set forth herein and other good and
valuable consideration, the parties agree as follows:

 

1.

THE
LOAN

 

1.1.

Subject to the
terms and conditions hereunder, the Lender agrees to extend to the
Company, and the Company is willing to accept from the Lender, a
bridge loan (the “Loan”) in an aggregate amount of
US$16,000,000 (the “Principal
Amount”) in three tranches. The first tranche of the
Loan (in the amount of US$7,000,000) shall be provided on or before
February 1, 2020, the second tranche of the Loan (in the amount of
US$7,000,000) shall be provided on or before March 1, 2020 and the
third tranche of the Loan (in the amount of US$2,000,000) shall be
provided on or before April 1, 2020.

 

1.2.

Each tranche of the
Loan shall be evidenced by the issuance of the convertible
promissory note in the form of Exhibit A as attached hereto
(the “Note”).
Each Note shall be issued and dated as of the date on which the
relevant tranche of the Loan is drawn down and received by the
Company.

 

1.3.

Subject to Section
4 below, each tranche of the Loan shall
be repaid in accordance with the terms set out in the Note
applicable to such tranche of the Loan.

 

 

 

 

2.

REPRESENTATIONS
AND WARRANTIES OF THE COMPANY

 

In
connection with the transactions provided for herein, the Company
hereby represents and warrants to the Lender that:

 

2.1

Organization, Good Standing, and
Qualification. The Company is a corporation duly organized,
validly existing, and in good standing under the laws of the State
of Delaware and has all requisite corporate power and authority to
carry on its business as now conducted and as proposed to be
conducted. The Company is duly qualified to transact business and
is in good standing in each jurisdiction in which the failure so to
qualify would have a material adverse effect on its business or
properties.

 

2.2

Authorization. All corporate action on
the part of the Company, and its officers, directors, and/or
stockholders necessary for the authorization and execution of this
Agreement and the performance of all obligations of the Company
hereunder and thereunder has been taken.

 

2.3

Enforceability. This Agreement
constitutes valid and legally binding obligations of the Company,
enforceable in accordance with its respective terms, except (i) as
limited by applicable bankruptcy, insolvency, reorganization,
moratorium, and other laws of general application affecting
enforcement of creditors’ rights generally and (ii) as
limited by laws relating to the availability of specific
performance, injunctive relief, or other equitable
remedies.

 

2.4

Noncontravention. The execution and
performance by the Company of this Agreement will not cause a
default under, or otherwise breach, its certificate of
incorporation or bylaws, each as amended, or any other insurance,
document or agreement to which the Company is a party or by which
it is bound, or any law, rule or regulation applicable to the
Company or its assets which such default or breach would have a
material adverse effect on the ability of the Company to perform
its payment obligation under this Agreement.

 

2.5

Borrower Compliance with
Anti-Money Laundering Laws.  The Borrower and its subsidiaries are and have
been at all times in compliance with applicable financial
recordkeeping and reporting requirements, the applicable money
laundering statutes of all jurisdictions where the Borrower or any
of its subsidiaries conducts business, the rules and regulations
thereunder and any related or similar rules, regulations or
guidelines issued, administered or enforced by any governmental or
regulatory agency (collectively, the “Anti-Money Laundering
Laws”), and no action
suit or proceeding by or before any governmental authority or any
arbitrator involving the Borrower or any of its subsidiaries with
respect to the Anti-Money Laundering Laws is pending or, to the
knowledge of the Borrower, threatened. 

 

3.

REPRESENTATIONS
AND WARRANTIES OF THE LENDER

 

3.1

The Lender is duly
organized, validly existing and in good standing under the laws of
the place of its incorporation or establishment. The Principal
Amount that the Lender provides to the Company under this Agreement
is legitimate and free from any encumbrance.

 

3.2

All corporate
actions on the part of the Lender for the authorization, execution
and delivery of, and the performance of all obligations under this
Agreement have been taken. This Agreement is a valid and binding
obligation of the Lender.

 

3.3

The
Lender and its subsidiaries are and have been at all times in
compliance with applicable financial recordkeeping and reporting
requirements, and the applicable Anti-Money Launder Laws, and no
action suit or proceeding by or before any governmental authority
or any arbitrator involving the Lender or any of its subsidiaries
with respect to the Anti-Money Laundering Laws is pending or, to
the knowledge of the Lender, threatened.

 

 

 

 

4.

CONVERSION

 

Notwithstanding
Section 3 (Repayment) of the Notes, if a consortium of investors
acquires 100% of the shares of the Borrower or takes the Borrower
private by way of merger or otherwise (the “Acquisition”), at the election of
the Lender, all unpaid principal amount together with the unpaid
and accrued interest payable under all tranches of the outstanding
Loan may be converted into the common stock of the Borrower at a
conversion price equal to the price per share payable in the
Acquisition and issued to the Lender and Section 3 (Repayment) of
the Notes shall not apply. For the avoidance of doubt, the Company
shall not be obligated to procure the shares of the Lender
converted therefrom to be rolled over and converted into the equity
of the acquiring entity in the Acquisition.

 

5.

MISCELLANEOUS

 

5.1

Governing Law. (a) This Agreement, and
all claims or causes of action (whether in contract, tort or
statute) that may be based upon, arise out of or relate to this
Agreement, or the negotiation, execution or performance of this
Agreement (including any claim or cause of action based upon,
arising out of or related to any representation or warranty made in
or in connection with this Agreement or as an inducement to enter
into this Agreement), is to be construed and enforced in accordance
with and governed by the laws of Hong Kong, without regard to any
conflict of law principles.

 

(b) All
disputes and controversies arising out of or in connection with
this Agreement shall be referred to and finally settled by
arbitration in Hong Kong under the Hong Kong International
Arbitration Center Administered Arbitration Rules (the
“Rules”) in force when the Notice of Arbitration (as
defined by the Rules) is submitted in accordance with the Rules.
The arbitration tribunal shall consist of one (1) arbitrator to be
appointed according to the Rules. The language of the arbitration
shall be English.

 

5.2

Entire Agreement. This Agreement
constitutes the full and entire understanding and agreement between
the Parties with regard to the subject matter hereof.

 

5.3

Severability. The terms and provisions
of this Agreement are severable, and if any term or provision shall
be determined to be in any way unenforceable in whole or in part
pursuant to applicable law, such determination shall not impair or
otherwise affect the validity, legality or enforceability of that
term or provision in any other jurisdiction or any of the remaining
terms and provisions of this Agreement in any jurisdiction, and any
such provision shall be given effect to the extent legally
possible.

 

5.4

Recitals. The recitals hereto
constitute an integral part hereof.

 

5.5

Headings. The titles of the sections
and subsections of this Agreement are for convenience of reference
only, and are not to be considered in construing this
Agreement.

 

5.6

Counterparts. This Agreement may be
executed in any number of counterparts, each of which shall be
deemed an original, and all of which together shall constitute one
instrument.

 

5.7

Amendment. Any term of this Agreement
may be amended and the observance of any term hereof may be waived
only with the prior written consent of the Company and the
Lender.

 

5.8

Notices. All notices, requests,
demands, consents, instructions or other communications required or
permitted hereunder shall be in writing and faxed, emailed, mailed
or delivered to each party as follows: (i) if to the Lender, at the
Lender’s address, email address or facsimile number set forth
in the Exhibit B
hereto, or at such other address, email address or facsimile number
as the Holder shall have furnished the Company in writing, or (ii)
if to the Company, at the Company’s address, email address or
facsimile number set forth in the Exhibit B hereto, or at such
other address, email address or facsimile number as the Company
shall have furnished to the Holder in writing. All such notices and
communications will be deemed effectively given the earliest of (a)
when received, (b) when delivered personally, (c) one business day
after being delivered by facsimile or email (with receipt of
appropriate confirmation), (d) one business day after being
deposited with an overnight courier service of recognized standing
or (e) three days after being deposited in the U.S. mail, first
class with postage prepaid.

 

[Signature page follows]

 

 

 

 

IN
WITNESS WHEREOF, the parties hereto execute this Bridge Loan
Agreement as of the date first set forth above.

 

 

 

CELLULAR BIOMEDICINE GROUP INC.

 

 

 

 

 

 

 

By:
________________________

 

Name:

 

Title:

 

 

 

[Signature
Page to Bridge Loan Agreement]

 

 

IN
WITNESS WHEREOF, the parties hereto execute this Bridge Loan
Agreement as of the date first set forth above.

 

 

 

WINSOR CAPITAL LIMITED

 

 

 

 

 

 

 

By:
________________________

 

Name:

 

Title:

 

 

[Signature
Page to Bridge Loan Agreement]

 

 

EXHIBIT A

 

CONVERTIBLE PROMISSORY NOTE

 

 

 

US$7,000,000

 

January
29, 2020

 

No.:
Tranche No. 1

 

FOR
VALUE RECEIVED, Cellular Biomedicine Group Inc., a Delaware
corporation (the “Company” or “Borrower”), promises to pay to
Winsor Capital Limited or its assigns (the “Holder”) the aggregate principal
sum of seven million U.S. dollars (US$7,000,000) together with
accrued and unpaid interest thereon, each due and payable on the
date and in the manner set forth below.

 

This
convertible promissory note (this “Note”) is issued pursuant to the
terms of that certain Bridge Loan Agreement dated as of January 28,
2020, by and among the Company and the Holder, as the same may be
amended from time to time (the “Agreement”). Capitalized terms
used but not otherwise defined herein shall have the meanings
ascribed to them in the Agreement. This Note is an unsecured
obligation of the Company.

 

1. Advances. Upon the execution
and delivery of this Note, the Holder shall disburse to the Company
the sum of US$7,000,000. The amount actually received by the
Company shall be the principal amount.

 

2. Interest Rate. The Company
promises to pay simple interest on the outstanding principal amount
hereof from the date hereof until payment in full, which interest
shall be payable at the rate of 6% per annum. Interest shall be due
and payable on the Maturity Date and shall be calculated on the
basis of a 365-day year for the actual number of days
elapsed.

 

3. Repayment. The Borrower shall
repay all unpaid principal amount together with the unpaid and
accrued interest payable hereunder (the “Outstanding Amount”) on the
earliest of (i) the date falling nine (9) months from the date of
this Note, or (ii) the occurrence of an Event of Default (as
described in Section 6 below) for so
long as such Event of Default has not been remedied by the end of
the applicable grace period as set out in Section 6 (the earlier
date of which being the “Maturity Date”), in each case of
(i) and (ii), by converting and issuing to the Holder all (but not
part) of the Outstanding Amount into the common stock of the
Company at a conversion price equal to the lower of (A) US$19.50
per share and (B) an amount representing a 15% discount to the
volume weighted average price over the preceding 30 trading days
prior to and including the Maturity Date, in each case subject to
ratable adjustment for any stock split, stock dividend, stock
combination or other recapitalization occurring subsequent to the
date of this Note (the “Tranche One Conversion”); provided
that, in the case that an Acquisition (as defined in the Agreement)
has occurred on or prior to the Maturity Date, such Tranche One
Conversion shall be subject to the consent of the Holder, and in
the event that the Holder elects not to effect the Tranche One
Conversion, the Outstanding Amount shall be repaid by the Borrower
by wire transfer of U.S. dollars in immediately available funds to
the designated account of the Holder. For the avoidance of
doubt, the Company shall not be obligated to procure the shares of
the Holder converted therefrom to be rolled over and converted into
the equity of the acquiring entity in the Acquisition. No
fractional units will be issued on conversion of this Note. If the
Holder would otherwise be entitled to a fractional unit, the Holder
shall receive in lieu thereof a cash payment equal to the
applicable per share price of the common stock into which the
Outstanding Amount is proposed to be converted, multiplied by the
fraction of the common stock the Holder would otherwise be entitled
to receive.

 

4. Expenses. In the event of any
default hereunder, the Company shall pay all reasonable
attorneys’ fees and court costs incurred by the Holder in
enforcing and collecting this Note.

 

5. Prepayment. The Company may
prepay this Note (including accrued interest), in whole or in part,
prior to the Maturity Date in cash, provided that prior written
notice of not less than seven (7) calendar days is delivered to the
Holder. 

 

6. Default. If there shall be any Event of
Default (as defined below) hereunder, this Note shall accelerate
and all principal and unpaid accrued interest shall become due and
payable. The occurrence of any one or more of the following shall
constitute an “Event of
Default”:

 

 

 

 

(a)       The
Company fails to pay timely any of the principal amount due under
this Note on the date the same becomes due and payable or any
accrued interest or other amounts due under this Note on the date
the same becomes due and payable, unless such failure is caused by
technical or administrative error and payment is made within five
(5) calendar days of the original due date;

 

(b)       The
Company files any petition or action for relief under any
bankruptcy, reorganization, insolvency or moratorium law or any
other law for the relief of, or relating to, debtors, now or
hereafter in effect, or makes any assignment for the benefit of
creditors or takes any corporate action in furtherance of any of
the foregoing; 

 

(c)       An
involuntary petition is filed against the Company (unless (A) such
petition is dismissed or discharged within 60 days or (B) such
petition is frivolous or vexatious) under any bankruptcy statute
now or hereafter in effect, or a custodian, receiver, trustee,
assignee for the benefit of creditors (or other similar official)
is appointed to take possession, custody or control of any property
of the Company; 

 

(d)       A
liquidation, termination of existence or dissolution of the
Company; or 

 

(e)       Any
representation, warranty or statement of fact made by the Company
in the Agreement, or any other agreement, schedule, confirmatory
assignment or otherwise in connection with the transactions
contemplated hereby or thereby, shall when made or deemed made be
false or misleading in any material respect; provided, however,
that such failure shall not result in an Event of Default to the
extent it is corrected by the Company within a period of 30
calendar days after the Company’s receipt of written notice
from the Holder specifying such failure.

 

7. Notices.  All notices,
requests, demands, consents, instructions or other communications
required or permitted hereunder shall be in writing and faxed,
emailed, mailed or delivered to each party as follows: (i) if to
the Holder, at the Holder’s address, email address or
facsimile number set forth in the Agreement, or at such other
address, email address or facsimile number as the Holder shall have
furnished the Company in writing, or (ii) if to the Company, at the
Company’s address, email address or facsimile number set
forth in the Agreement, or at such other address, email address or
facsimile number as the Company shall have furnished to the Holder
in writing. All such notices and communications will be deemed
effectively given the earliest of (a) when received, (b) when
delivered personally, (c) one business day after being delivered by
facsimile or email (with receipt of appropriate confirmation), (d)
one business day after being deposited with an overnight courier
service of recognized standing or (e) three days after being
deposited in the U.S. mail, first class with postage
prepaid.

 

8. Governing Law. 
(a)                                                       This
Agreement, and all claims or causes of action (whether in contract,
tort or statute) that may be based upon, arise out of or relate to
this Agreement, or the negotiation, execution or performance of
this Agreement (including any claim or cause of action based upon,
arising out of or related to any representation or warranty made in
or in connection with this Agreement or as an inducement to enter
into this Agreement), is to be construed and enforced in accordance
with and governed by the laws of Hong Kong, without regard to any
conflict of law principles.

 

(b)                      All
disputes and controversies arising out of or in connection with
this Agreement shall be referred to and finally settled by
arbitration in Hong Kong under the Hong Kong International
Arbitration Center Administered Arbitration Rules (the
“Rules”) in force when the Notice of Arbitration (as
defined by the Rules) is submitted in accordance with the Rules.
The arbitration tribunal shall consist of one (1) arbitrator to be
appointed according to the Rules. The language of the arbitration
shall be English.

 

9. Modification; Waiver. Any
term of this Note may be amended or waived with the written consent
of the Company and the Holder. 

 

10. Powers and Remedies Cumulative; Delay
or Omission Not Waiver of Default. No right or remedy herein
conferred upon or reserved to the Holder is intended to be
exclusive of any other right or remedy, and every right and remedy
shall, to the extent permitted by law, be cumulative and in
addition to every other right and remedy given hereunder or now or
hereafter existing at law or in equity or otherwise. The assertion
or employment of any right or remedy hereunder, or otherwise, shall
not prevent the concurrent assertion or employment of any other
appropriate right or remedy. No delay or omission of the Holder to
exercise any right or power accruing upon any Event of Default
occurring and continuing as aforesaid shall impair any such right
or power or shall be construed to be a waiver of any such Event of
Default or an acquiescence therein; and every power and remedy
given by this Note or by law may be exercised from time to time,
and as often as shall be deemed expedient, by the
Holder.

 

11. Transfer and Assignment. 
The Holder shall be free to transfer or assign any of its rights
and obligations under this Note to its affiliates as long as notice
is given to the Company within five (5) calendar days after such
transfer or assignment. Neither this Note nor any of the rights,
interests or obligations hereunder may be assigned, in whole or in
part, by the Company, without the prior written consent of the
Holder. Subject to the restrictions on transfer provided herein,
the rights and obligations of the Company and the Holder shall be
binding upon and benefit the respective successors, assigns, heirs,
administrators and transferees of the Company or the Holder, as
applicable.

 

[Remainder
of Page Intentionally Left Blank]

 

 

 

 

IN
WITNESS WHEREOF, the Company has caused this Note to be duly
executed by its officers, thereunto duly authorized as of the date
first above written.

 

 

 

CELLULAR BIOMEDICINE GROUP INC.

 

 

 

 

 

 

 

By:
________________________

 

Name:

 

Title:

 

 

 

 

EXHIBIT B

 

NOTICES

 

If to
the Company:

 

	
Attn:

	
Andrew
Chan

	
 

	
 

	
Address:

	
1345 Avenue of the
Americas, Fl15, New York, NY

	
 

	
 

	
Email:

	
andy.chan@cellbiomedgroup.com

	
  

	
 

	
Facsimile:

	
(347) 679
8203

	
  

	
 

	
Telephone:

	
(347) 905
5663

 

 

If to
the Lender:

 

 
	
Attn:

	Tingting
Zhang
	
 

	

	
Address:

	Unit 705, Tower 1,
88 Keyuan Road, German Center, Pudong New District, Shanghai
201203, China
	
 

	

	
Email:

	tingting.zhang@tfcapital.net
	
  

	

	
Facsimile:

	86 21 5019
8837
	
  

	

	
Telephone:

	86 21 5019
8835

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