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                                                                   EXHIBIT 10.79

                             SEAGATE SOFTWARE, INC.
                             A Delaware Corporation
                                 920 Disc Drive
                         Scotts Valley, California 95067
                      NORTH AMERICAN DISTRIBUTOR AGREEMENT

                                                   CONTRACT NO._________________

THIS NORTH AMERICAN DISTRIBUTOR AGREEMENT IS MADE by and between SEAGATE
SOFTWARE, INC. and its affiliates a.k.a. Seagate Software Network & Storage
Management Group, Inc. ("Seagate Software NSMG") and Seagate Software
Information Management Group, Inc. ("Seagate Software IMG") (hereinafter
collectively referred to as "Seagate Software"), incorporated under the laws of
the state of Delaware, with offices located at 920 Disc Drive, Scotts Valley,
California 95067, and INGRAM MICRO, INC. (hereinafter referred to as
"Distributor"), having its principal place of business at 1600 St. Andrew Place,
Santa Ana, California 92799-5125.

Seagate Software owns or holds rights to distribute and license the software
products identified in Exhibit A ("Products"), among others. In some cases, the
Products may be distributed and licensed by Seagate Software in connection with
trademarks and other indicia of companies affiliated with Seagate Software
("Affiliates"). Distributor is engaged in the distribution of software products
and wishes to act as a distributor of the Products, on the terms and conditions
herein.

Seagate Software enters into this Agreement to sell Products to Distributor, in
accordance with the terms and conditions of this Agreement. This Agreement
consists of this signature page, the attached Terms and Conditions, Exhibit A
(Products), Exhibit B (Territory), Exhibit C (Cooperative Advertising Program
and Market Development Fund), Exhibit D (Price List and Payment Terms), Exhibit
E (Stock Rotation), Exhibit F (Proprietary Information Non-Disclosure
Agreement), Exhibit G (Seagate Software NSMG Year 2000 Readiness Statement), and
Exhibit H (Seagate Software IMG Year 2000 Readiness Statement).

Distributor has read, understands and agrees to the terms of this Agreement and
the undersigned is duly authorized to sign this Agreement.

SEAGATE SOFTWARE, INC.                               INGRAM MICRO, INC.

Date September 29, 1998                              Date 9-24-98

/s/ Ellen Chamberlain                                /s/ Michael Terrell
----------------------------                         ---------------------------
Signature                                            Signature

Ellen Chamberlain                                    Michael Terrell
----------------------------                         ---------------------------
Print Name                                           Print Name

Sr. Vice President & CFO                             Vice President Purchasing
----------------------------                         ---------------------------
Title                                                Title

Telecopier (831)438-0721                             Fax (714)247-3144

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                             SEAGATE SOFTWARE, INC.
                      NORTH AMERICAN DISTRIBUTOR AGREEMENT
                              TERMS AND CONDITIONS

1.       APPOINTMENT AND AUTHORITY OF DISTRIBUTOR

         Seagate Software hereby appoints Distributor as a distributor of the
Products within the territory identified in Exhibit B ("Territory"), and
Distributor accepts such appointment, subject to the terms and conditions of
this Agreement. Seagate Software may modify, improve, change or discontinue any
or all of the Products from time to time, by delivering to Distributor an
updated price list which will supersede Exhibit A. Distributor's rights are not
exclusive. Seagate Software reserves the right to license directly to any
customer and may appoint other distributors in the Territory, in its discretion.

2.       SOFTWARE RIGHTS

         Distributor acknowledges that the Products sold by Seagate Software
hereunder constitute only discrete copies of software, the media in which it is
stored, and related documentation, as shipped to Distributor. Nothing herein
transfers any right, title or interest in the software or any intellectual
property rights therein to Distributor. All such software and proprietary rights
are subject to the terms and conditions of the Software License Agreement
included with each Product, as more fully described in Section 3.3.

3.       GENERAL OBLIGATIONS OF DISTRIBUTOR

         3.1      Promotion. Distributor shall actively advertise and promote
the Products in the Territory in a commercially reasonable manner. Distributor
shall list the Products in its catalogs. Distributor shall also transmit Product
information and promotional materials to its customers with Seagate Software
paying any applicable and agreed to program costs.

         3.2      Advertising. Distributor shall provide samples of its
advertising copy and sales literature, to Seagate Software on its request.
Seagate Software reserves the right to review and approve all uses of Seagate
Software's trademarks, service marks, or trade names in Distributors advertising
and promotion of the Products, prior to use. Such approval will not limit
Distributor's obligation to comply with the terms of this Agreement and all
applicable laws and will not be deemed an endorsement or approval of any
advertising content.

         3.3      Software Licenses. Distributor shall distribute the Products
only in the sealed packages in which Seagate Software delivers them to
Distributor ("Product Packages"). Distributor acknowledges that (a) Seagate
Software will package an end user license agreement between Seagate Software and
end users (the "Software License") in each Product Package, and (b) Seagate
Software will include in each Product Package, or reproduce on each Product
package, an appropriate customer registration card (the "Registration Card").
Seagate Software may modify the Software License and Registration Card at any
time, in whole or in part. Distributor shall have no obligation to ensure that
the Products in its inventory are packaged with the then current version of such
Software License and/or Registration Card. Distributor will publish, in its
price

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book, that all Seagate Software Products purchased from Distributor are
subject to the terms of the licenses and warranties packaged with the Products,
and will distribute the Products in the form received from Seagate Software with
all Licenses and Cards intact.

         3.4      Sales and Inventory Reports.

                  (a)     For Seagate Software NSMG. Distributor shall provide
Seagate Software NSMG, with weekly reports, by reseller, showing sales,
shipment, and inventory activity, and monthly detailed (customer name, address,
etc.) POS reports, relating to Distributor's activities under this Agreement as
Seagate Software NSMG may request. Distributor shall provide non-standard point
of sale ("POS") information including reseller name and address subject to the
terms and conditions of a separate Proprietary Information Non-Disclosure
Agreement, substantially in the form attached hereto as Exhibit F. Distributor
reports shall be made available to Seagate Software NSMG within seven days
following the week for which activity is reported. Seagate Software NSMG will
maintain such reports in confidence. In addition to constituting a breach
hereunder, failure to make available such reports on three consecutive occasions
or a total of five occasions will void Distributor's right to price protection
and sales incentive programs hereunder.

                  (b)      For Seagate Software IMG. Distributor shall provide
Seagate Software IMG with monthly detailed (customer name, address, etc.) POS
reports relating to Distributor's activities under this Agreement as Seagate
Software IMG may request. Distributor shall provide non-standard point of sale
("POS") information including reseller name and address subject to the terms and
conditions of a separate Proprietary Information Non-Disclosure Agreement,
substantially in the form attached hereto as Exhibit F. Distributor reports
shall be made available to Seagate Software IMG within seven days following the
end of the month for which activity is reported. Seagate Software IMG will
maintain such reports in confidence. In addition to constituting a breach
hereunder, failure to make available such reports on three consecutive occasions
or a total of five occasions will void Distributor's right to price protection
and sales incentive programs hereunder. In exchange for the monthly detailed POS
reports provided by Distributor, Seagate Software IMG agrees to offer
Distributor a quarterly sales incentive rebate program, with quarterly rebate
goals to be mutually agreed upon by both parties.

         3.5      Training and Support. Distributor shall provide such training
on the installation and use of the Products to its customers as is necessary to
enable them to distribute, market, install, and use the Products, as applicable.
Distributor shall provide, through its own technical personnel first-line
technical support to its direct customers. Distributor shall at all times
maintain a support capability which includes at least one technical person
trained by Seagate Software and qualified support personnel as necessary to
ensure a high level of customer satisfaction.

         3.6      Government Requirements. Distributor shall obtain and maintain
all permits, licenses and government registrations necessary or appropriate to
perform hereunder and shall make all filings with governmental authorities
required of this Agreement by applicable law. This Agreement is in all respects
subject to compliance with all such requirements. On Seagate Software's request
Distributor shall provide Seagate Software written assurances of such
compliance.

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         3.7      Distributor's Business Practices. Distributor shall (a)
conduct business in a manner that reflects favorably at all times on the
Products and Seagate Software's goodwill and reputation, (b) avoid deceptive,
misleading or unethical practices, (c) make no false or misleading
representations with regard to Seagate Software or the Products, and (d) not
solicit orders from any customer that Distributor is aware engages in illegal or
deceptive trade practices or any other practices proscribed under this
Agreement. Seagate Software will use commercially reasonable efforts to review
the point of sale reports furnished monthly by Distributor and to notify
Distributor of any company on said report that Seagate Software is aware engages
in illegal or deceptive trade practices.

         3.8      Distributor's Own Account. Distributor shall conduct its
business for its own account, in its own name, and not as an agent, employee, or
partner of Seagate Software. Except as herein expressly provided, it shall
determine in its own judgment how best to perform its obligations hereunder, and
Seagate Software has no right to control such matters.

         3.9      Demonstration Copies. Distributor may use Products provided
hereunder for internal use as demonstration copies, in such number and on such
terms as Seagate Software may allow from time to time. In such event,
Distributor shall comply with and be bound by all of the terms and conditions of
the Software License included with the Product so used. Distributor shall not
resell, lease, rent, or license any Product used as a demonstration copy.
Distributor acknowledges that it will not need to decompile the Products or
adapt them to any other software in order to use them for the limited
demonstration purposes contemplated herein.

4.       GENERAL OBLIGATIONS OF SEAGATE SOFTWARE

         4.1      Sales Materials. Seagate Software shall supply Distributor
with such quantities of its Product advertising and promotional materials, and
artwork for Distributor's use as Seagate Software deems reasonably appropriate
for Distributor's performance hereunder.

         4.2      Sales Incentive Programs. Seagate Software shall offer
Distributor a cooperative advertising program and market development fund on the
terms set forth in Exhibit C. Seagate Software may from time to time offer other
incentive programs to Distributor. All such programs will be governed by such
rules and guidelines as Seagate Software may announce and modify from time to
time in its discretion.

         4.3      Updates and Upgrades. Seagate Software shall use reasonable
efforts to notify Distributor prior to the introduction of any update or upgrade
of a Product for distribution to the general public, and shall make such update
and upgrade available to Distributor. Seagate Software reserves the right to
decide, in its sole discretion, whether to make an update or upgrade available
at no additional charge or as a separately-priced item.

         4.4      Discontinued Products.

                  (a)     For Seagate Software NSMG Products. Seagate Software
NSMG shall notify Distributor within thirty (30) days prior to the
discontinuance or declaration of obsolescence

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of any Products. Within ninety (90) days after notice by Seagate Software NSMG,
Distributor may return for credit all units of such Product then held by
Distributor in inventory, purchased ninety (90) days preceding such notice and
not committed to sale. The return rights set forth in this Section 4.4 are in
addition to any Stock Rotation rights described in Exhibit E, Stock Rotation, of
this Agreement.

                  (b)     For Seagate Software IMG Products. Seagate Software
IMG shall notify Distributor within thirty (30) days prior to the discontinuance
or declaration of obsolescence of any Products. Within ninety (90) days after
notice by Seagate Software IMG, Distributor may return for credit all units of
such Product then held by Distributor in inventory and not committed to sale.
Any exceptions to the foregoing shall be approved on a case by case basis by
Seagate Software IMG, in its sole discretion. The return rights set forth in
this Section 4.4 are in addition to any Stock Rotation rights described in
Exhibit E, Stock Rotation, of this Agreement.

5.       ORDERS AND DELIVERY

         5.1      Orders. Distributor may initiate written purchase orders (when
available with the relevant software subsidiary) under this Agreement.
Distributor shall order Products from Seagate Software using mutually agreed
upon forms and procedures as Seagate Software may prescribe from time to time.
All orders shall be subject to acceptance and approval by Seagate Software in
its discretion. All orders shall be governed by the terms and conditions of this
Agreement notwithstanding any contrary preprinted terms of any other document.

         5.2      Delivery.

                  (a)     For Seagate Software NSMG Products. All deliveries
shall be F.O.B. Seagate Software NSMG's North American designated U.S. shipping
point. Such shipping point is subject to change in Seagate Software NSMG's
discretion. If the Products are shipped from a non-North American shipping
point, then Distributor shall pay shipping charges from the Port of Entry in
North America. Seagate Software NSMG shall use best efforts to ship Products
within 14 days after acceptance of an order, subject to availability. Either
party may reschedule delivery or cancel orders for Products provided notice is
received prior to the scheduled delivery date. Upon loading of the Products on
board carrier, title to the Products and all risk of loss or damage thereto
shall pass to and be borne by Distributor and shall constitute full and final
delivery by Seagate Software NSMG. Seagate Software NSMG shall not be obligated
to furnish insurance covering any shipment or to ship to Distributor's
customers. All Products shall be shipped in the standard commercial packaging
used by Seagate Software NSMG and according to standard practices, unless
otherwise agreed in writing. Distributor shall pay the cost of
Distributor-requested special packaging and shipment.

                  (b)     For Seagate Software IMG Products. All deliveries
shall be F.O.B. Distributor's U.S. warehouse and by agreement of the parties,
title shall pass to the Distributor upon delivery to the designated carrier.
Seagate Software IMG shall pay freight and retain risk of loss or damage to
Products until delivery to Distributor's U.S. warehouse. Seagate Software IMG
shall use best efforts to ship Products within 14 days after acceptance of an
order, subject to availability. Either party may reschedule delivery or cancel
orders for Products provided notice is

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received prior to shipment. Seagate Software IMG shall not be obligated to
furnish insurance covering any shipment or to ship to Distributor's customers.
All Products shall be shipped in the standard commercial packaging used by
Seagate Software IMG and according to standard practices, unless otherwise
agreed in writing. Distributor shall pay the cost of Distributor-requested
special packaging and shipment.

         5.3      Costs.

                  (a)     For Seagate Software NSMG Products. Distributor shall
pay all shipping and transportation charges, customs duties and similar charges,
and other taxes and fees imposed on Seagate Software NSMG Product purchases and
sales hereunder. Distributor shall pay the above mentioned charges from Seagate
Software NSMG's North American shipping point. In the event Seagate Software
NSMG pays any such amounts, Distributor shall reimburse Seagate Software NSMG
and they shall be added to the invoiced amounts as separate charges.
Notwithstanding the above, Seagate Software NSMG agrees to pay any additional
shipping charges which Seagate Software NSMG agrees are caused by Seagate
Software NSMG's errors or delays.

                  (b)     For Seagate Software IMG Products. Seagate Software
IMG shall pay all shipping and transportation charges, customs duties and
similar charges imposed on Seagate Software IMG Product purchases and sales
hereunder. Distributor shall pay all other taxes and fees imposed on Seagate
Software IMG Product purchases and sales hereunder. In the event Seagate
Software IMG pays any such amounts, Distributor shall reimburse Seagate Software
IMG and they shall be added to the invoiced amounts as separate charges.

         5.4      Returns.

                  (a)     For Seagate Software NSMG Products. Upon issuance by
Seagate Software NSMG of a return material authorization ("RMA"), Distributor
may return for credit a Seagate Software NSMG Product which was shipped by
Distributor to one of its customers in the previous 90 days and is found to be
defective. For purposes of this Section 5.4, a defective product is one which
fails to conform to Seagate Software's warranty under Section 7.1. Seagate
Software NSMG shall pay freight charges for the return of defective Products to
Seagate Software NSMG.

                  (b)     For Seagate Software IMG Products. Upon Issuance by
Seagate Software IMG of a return material authorization ("RMA"), Distributor may
return for credit a Seagate Software IMG Product which was shipped by
Distributor to one of its customers and is found to be defective. For purposes
of this Section 5.4, a defective product is one which fails to conform to
Seagate Software's warranty under Section 7.1. Seagate Software IMG shall pay
freight charges for the return of defective Products to Seagate Software IMG.

6.       PRICES AND PAYMENT

         6.1      Prices. Distributor shall pay the prices, and on the terms and
conditions, set forth in Exhibit D attached hereto.

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         6.2      Price Changes. Seagate Software may change such prices, terms
and conditions from time to time in its discretion on prior written notice to
Distributor. Seagate Software IMG will provide Distributor with 30 days prior
written notice of price increases for Seagate Software IMG Products. In the
event that Seagate Software raises such prices, all orders for the applicable
Product placed prior to the effective date of the increase, for delivery prior
to such date, shall be invoiced at the lower price. If Seagate Software reduces
the price of a Product, Seagate Software shall provide price protection to
Distributor on the terms set forth in Exhibit D (Price Protection).

         6.3      Credit Information and Changes. Distributor shall provide
Seagate Software with its financial statements and other financial condition
information as set forth in Exhibit D. Seagate Software shall maintain such
information in confidence. Distributor's financial responsibility is at all
times subject to approval of Seagate Software, and Seagate Software reserves the
right at any time, in its discretion, before payment or even after partial
payment on account, to change or withdraw any credit line, require payment on
delivery or by irrevocable, unconditional letter of credit (in accordance with
Exhibit D), declare all sums immediately due and payable, or cancel or delay
shipment of any order.

         6.4      Stock Rotation. Distributor may return Products to Seagate
Software for stock rotation on the terms set forth in Exhibit E.

         6.5      Right to Withhold. Notwithstanding any other provision in this
Agreement to the contrary, Distributor shall not be deemed in default if it
withholds any specific amount to Seagate Software because of what the parties
agree is a legitimate dispute as to that specific amount pending the timely
resolution of the disputed amount.

7.       WARRANTIES

         7.1      Limited Warranty. Seagate Software hereby warrants to
Distributor and its customers that the physical diskette (s), CD ROM or other
physical form in which the software is provided and the documentation will be
free from defects in materials and workmanship for a period of 90 days from date
of shipment by Distributor's customer to the end user. Distributor's exclusive
remedy and Seagate Software's sole obligation arising out of this Warranty shall
be for Seagate Software to replace the defective physical diskette(s), CD ROM or
other physical form, and/or documentation, as applicable, provided Distributor
returns the defective items to Seagate Software within the above-referenced
ninety (90) day warranty period and in accordance with the return procedures
specified in Section 5.4. The above warranty specifically excludes defects
resulting from accident, abuse, unauthorized repair, modifications,
enhancements, or misapplication, unless Distributor can demonstrate that such
accident, abuse, unauthorized repair, modifications, enhancements, or
misapplication occurred after the software left Distributor's possession.
Seagate Software makes no other representation, warranty, or guaranty, express
or implied, regarding the Products. Seagate Software may in its sole discretion
modify this Warranty at any time and from time to time.

         7.2      Ownership. Seagate Software is the owner, or is the lawful
licensee, without encumbrances, of the Products.

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         7.3      Unrestricted Rights. Seagate Software has the unrestricted
right and authority to enter into and perform this Agreement.

         7.4      DISCLAIMER. EXCEPT AS SET FORTH IN WRITING IN THIS AGREEMENT,
SEAGATE SOFTWARE MAKES NO REPRESENTATIONS OR CONDITIONS, WARRANTIES, OR
GUARANTEES, EITHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, WITH RESPECT TO THE
PRODUCTS AND ANY SERVICES COVERED BY OR FURNISHED PURSUANT TO THIS AGREEMENT,
INCLUDING WITHOUT LIMITATION ANY IMPLIED CONDITION OR WARRANTY (A) OF
MERCHANTABILITY, (B) OF FITNESS FOR A PARTICULAR PURPOSE, OR (C) ARISING FROM
COURSE OF PERFORMANCE, COURSE OF DEALING, OR USAGE OF TRADE.

         7.5      Year 2000. Seagate Software warrants that the Products
identified as Year 2000 Ready on the Seagate Software NSMG Year 2000 Readiness
Statement attached hereto as Exhibit "G" and the Seagate Software IMG Year 2000
Readiness Statement attached hereto as Exhibit "H" are Year 2000 Ready, as set
forth in this Agreement. For purposes of this Agreement, "Year 2000 Readiness"
shall mean that Product functionality is not adversely affected by processing of
dates prior to, during and after the Year 2000, but only if all other products
(e.g. hardware, firmware and other software, whether or not provided by or
obtained from Seagate Software) used with the particular Product properly
exchange accurate date data with it; and only if the particular Product is
correctly configured and used within its intended operating environment. The
Products hereunder have been tested by Seagate Software for Year 2000 Readiness
on a stand-alone basis and only within their intended operating environment.
Distributor's exclusive remedy and Seagate Software's entire liability with
respect to this Year 2000 warranty will be that Seagate Software shall use
commercially reasonable efforts to correct the Products. Seagate Software will
assume Distributor's liabilities to end users of the Products which result from
breach of this warranty, up to the maximum liability contained in this Section
7.5.

8.       SEAGATE SOFTWARE'S INTELLECTUAL PROPERTY

         8.1      Limited Rights. Distributor shall not acquire any right to any
trademarks, service marks, or tradenames used by Seagate Software or any
Affiliates (collectively "Trademarks"), or the copyrights, patent rights, trade
secrets, commercial symbols, goodwill, or other form of intellectual or
commercial property of Seagate Software or any Affiliates and shall not use such
property or rights in any manner, except as herein permitted. Distributor shall
use the Trademarks in referring to the applicable Products they identify and
shall identify itself as an authorized distributor of Seagate Software, in a
form prescribed or approved from time to time by Seagate Software or as
otherwise agreed by Seagate Software in writing. Seagate Software may from time
to time discontinue or modify the Trademarks, add new Trademarks, and revise
these instructions, to protect the standards of quality established for the
goods and services sold under the Trademarks.

         8.2      Modifications and Reverse Engineering. Distributor shall not
copy, modify, reverse engineer, decompile, enhance, or make derivative works of
the Products. Any such unauthorized modifications, derivative works, and
enhancements shall belong to Seagate Software

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and Distributor hereby assigns all rights in them (including moral rights) to
Seagate Software. Distributor acknowledges that it has and shall have no right
whatsoever, whether by the express terms of this Agreement or by any course of
conduct, to use, review, or access the source code for the Products.

         8.3      Notices. Distributor shall not remove, change, or obliterate
any copyright, confidential, or proprietary notices incorporated in, marked on,
or fixed to the Products by Seagate Software.

         8.4      Protection of Trademarks. As between the parties hereto,
Seagate Software shall have sole and exclusive right to protect and defend the
Trademarks, at its sole cost and expense. Neither Seagate Software nor any
Affiliate shall be liable to Distributor for any loss or damage suffered by
Distributor as a result of the use of the Trademarks, any litigation or
proceeding involving the Trademarks, or any failure to protect or defend the
Trademarks. Distributor shall cooperate fully with Seagate Software or an
Affiliate, as applicable, in the defense and protection of the Trademarks, and
shall promptly and fully advise Seagate Software of the use in the Territory of
any mark infringing any of the Trademarks. Without limiting the generality of
the foregoing, Distributor shall not seek or obtain registration, or any other
right, in any Trademark in any jurisdiction, whether in its own name or
otherwise. If it does, it shall forthwith assign all rights therein to Seagate
Software or at the direction of Seagate Software, as Seagate Software may in its
discretion require.

         8.5      Country Restrictions. If at any time Seagate Software
determines that the laws or policies of any country are or become materially
insufficient to protect its intellectual or proprietary rights in the Products,
Seagate Software may restrict or terminate Distributor's rights to use or
distribute Products in or to that country, on written notice to Distributor.
Distributor shall take all actions reasonably necessary to comply with and
enforce any such restriction or termination.

         8.6      Confidential Information.

                  (a)     As used herein, "Confidential Information" shall mean
all information concerning Seagate Software or any Affiliate or parent company
of Seagate Software to which Distributor is provided access by virtue of this
Agreement or its activities hereunder, including without limitation technical
data, Product design and development, sales information, quantity and kind of
Products sold, prices and methods of pricing, marketing techniques and plans,
Product returns, unannounced products, product and process information, and any
other information which, if disclosed to others, might be competitively
detrimental to Seagate Software. Confidential Information shall not include any
information which has been publicly disseminated in writing by Seagate Software,
which Distributor can show it knew prior to Seagate Software's disclosure, or
which was rightfully received by Distributor from a third party without
restriction.

                  (b)     During the term hereof and at all times thereafter,
Distributor shall maintain the Confidential Information in strictest confidence,
shall not disclose it to any third party, and shall use it only as necessary to
perform hereunder. Distributor shall cause each of its officers,

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directors, employees, and agents to restrict disclosure and use of such
Confidential Information in like fashion, and shall be responsible for any
wrongful disclosure and use by any of them.

                  (c)     In the event any court or other authority orders
Distributor to disclose any Confidential Information, Distributor shall use its
best efforts to protect its confidentiality and shall forthwith notify Seagate
Software thereof to enable it to seek to do so. At the termination of this
Agreement, Distributor shall promptly return all tangible Confidential
Information to Seagate Software.

9.       INDEMNITIES/INSURANCE

         9.1      Infringement Claims. If an action is brought against
Distributor claiming that a Product infringes any United States patent,
copyright, trade secret, or other proprietary rights of a third party within the
Territory, Seagate Software shall defend Distributor at Seagate Software's
expense and shall pay the damages and costs finally awarded against Distributor
in the action specifically on account of such infringement, but only if (a)
Distributor notifies Seagate Software promptly upon learning that the claim
might be asserted, (b) Seagate Software has sole control over the defense of the
claim and any negotiation for its settlement or compromise, and (c) Distributor
takes no action that in Seagate Software's judgment, impairs Seagate Software's
defense of the claim.

         9.2      Seagate Software's Options. If Distributor's use of any
Product is enjoined Seagate Software shall within a commercially reasonable
period of time, and at its expense, either (a) substitute equivalent
non-infringing Products for the infringing item, (b) modify the infringing item
so that it no longer infringes but remains functionally equivalent, or (c)
obtain for Distributor the right to continue selling such item. Upon threat of
claim of infringement, or if Seagate Software wishes to minimize its liability
hereunder, Seagate Software may at its option and expense, either (a) substitute
equivalent non-infringing Products for the infringing item, (b) modify the
infringing item so that it no longer infringes but remains functionally
equivalent, or (c) obtain for Distributor the right to continue selling such
item. If none of the foregoing is feasible, Seagate Software will accept a
return of the Products which are subject to the injunction and refund to
Distributor the purchase price, less reasonable depreciation, plus shipping
costs paid by Distributor. The indemnity in Section 9.1 will not apply if and to
the extent that the infringement claim results from (x) a correction or
modification of the Product not provided by Seagate Software, (y) a failure to
promptly install an update, or (z) the combination of the Product with other
software not provided by Seagate Software.

         9.3      LIMIT. THE FOREGOING STATES THE ENTIRE LIABILITY AND
OBLIGATION OF SEAGATE SOFTWARE OR WITH RESPECT TO INFRINGEMENT OR CLAIMS OF
INFRINGEMENT OF ANY PATENT, COPYRIGHT, TRADE SECRET OR OTHER INTELLECTUAL
PROPERTY RIGHT BY THE PRODUCTS.

         9.4      Insurance.

         (a) The parties shall be responsible for providing Worker's
Compensation insurance in the statutory amounts required by the applicable state
laws.

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         (b) Without in any way limiting Seagate Software's indemnification
obligation as set forth in this Agreement, Seagate Software shall maintain
Commercial General Liability and/or Comprehensive General Liability Insurance in
an amount not less than $5,000,000 (Five Million Dollars) Combined Single Limit
for Bodily Injury and Property Damage per occurrence.

         (c) Seagate Software will, within ten (10) days of the full execution
of this Agreement, provide evidence of the existence of insurance coverages
referred to in this Section 9.4 by certificates of insurance which should also
provide for at least thirty (30) days notice of cancellation, nonrenewal or
material change of coverage to Distributor.

10.      ASSIGNMENT

         10.1     Written Consent. Neither Seagate Software nor Distributor may
assign or transfer any of the rights or responsibilities set forth herein
without the express written consent of the other party and any purported attempt
to do so shall be deemed void, provided that either party shall be entitled to
assign this Agreement to a successor to all or substantially all of its relevant
assets, whether by sale, merger, or otherwise.

11.      TERM AND TERMINATION

         11.1     Term. The term of this Agreement shall be two (2) years
commencing on the effective date hereof, unless sooner terminated in accordance
herewith. The parties may extend the term or enter into a new agreement only by
their formal, mutual consent expressed in writing. Nothing set forth in this
Agreement, no course of conduct, and no oral statements shall be deemed to
constitute such consent.

         11.2     Termination, No Cause. This Agreement may be terminated by
either party for any or no cause, by providing at least 60 days prior written
notice to the other party. Without granting Distributor greater rights in other
circumstances, Distributor shall have no right to receive compensation from
Seagate Software in the event Seagate Software terminates this Agreement
pursuant to this Section 11.2.

         11.3     Payment Breach. Except as otherwise provided herein, Seagate
Software may terminate this Agreement prior to its expiration in the event
Distributor fails to cure any breach of a payment obligation hereunder within
twenty (20) business days after written notice from Seagate Software describing
the breach. Notwithstanding any other provision in this Agreement to the
contrary, Distributor shall not be deemed in payment breach if it withholds any
specific amount to Seagate Software because of a legitimate dispute between the
parties as to that specific amount, pending the timely resolution of the
disputed amount.

         11.4     Termination, Cause. Either party may terminate this Agreement
at any time if (a) the other party fails to cure any material breach (other than
a payment breach) within 30 days after written notice, (b) a receiver is
appointed for the other party or its property, (c) the other party makes an
assignment for the benefit of its creditors, (d) there is reasonable cause to
believe that the other party is insolvent, (e) proceedings are commenced by,
for, or against the other party under any bankruptcy, insolvency, or debtor's
relief law, (f) the other party liquidates or dissolves or

                                       11

<PAGE>

attempts to do so, (g) the other party assigns or purports to assign this
Agreement in breach of its provisions, or (h) the other party commits a breach
of a material obligation hereunder which is by its nature incurable.

         11.5     Effect of Termination. Termination of this Agreement will not
relieve either party from fulfilling its obligations which by their terms or
nature survive termination, except as otherwise expressly provided. Upon
termination of this Agreement for any reason: (a) Distributor shall immediately
cease using and shall deliver to Seagate Software any unused sales literature
and other written information and materials supplied by Seagate Software
pursuant to this Agreement or which contain any Trademarks; (b) Distributor
shall immediately cease to identify itself as an authorized distributor for
Seagate Software or otherwise affiliated in any manner with Seagate Software;
(c) any rights or benefits which may have accrued in Distributor's favor, prior
to termination hereof, under any market development, price protection, sales
incentive, stock rotation, or other program, shall terminate and be forfeited,
except where expressly provided to the contrary in this Agreement. If this
Agreement is terminated by Distributor pursuant to Section 11.2 (Termination, No
Cause) or by Seagate Software pursuant to Section 11.4 (Termination, Cause),
Seagate Software shall have the option, exercisable in its discretion, to
reacquire from Distributor, at then current prices all or part of the Products
and documentation, including translated versions, which are then held by
Distributor in inventory and not committed to sales. If this Agreement is
terminated by Seagate Software pursuant to Section 11.2 (Termination, No Cause)
or by Distributor pursuant to Section 11.4 (Termination, Cause), then Seagate
Software shall be obligated to reacquire from Distributor all such Products and
documentation which are in the then current version and in resalable condition
and then held by Distributor in inventory and not committed to sales. In
effecting the reacquisition of Products and documentation, Seagate Software
shall be entitled to set off, against amounts payable to Distributor, all
amounts owed by Distributor to Seagate Software. The repurchase period shall be
within ninety (90) days of the effective date of termination. If requested by
Seagate Software, Distributor shall furnish proof of purchase. Distributor shall
be entitled to distribute all Products and documentation which are in
Distributor's inventory as of the effective date of termination or expiration of
this Agreement and which are not reacquired from Distributor by Seagate
Software. All such distribution shall be in accordance with the terms and
conditions of this Agreement.

12.      LIMITATION OF LIABILITY

         EXCEPT FOR CLAIMS BY SEAGATE SOFTWARE REGARDING VIOLATION OF ITS
INTELLECTUAL PROPERTY RIGHTS, OR CLAIMS BY EITHER PARTY FOR LIABILITY FOR
CONTRIBUTION OR INDEMNITY WITH RESPECT TO THIRD PARTY CLAIMS FOR BODILY INJURY,
PHYSICAL DAMAGE TO REAL OR PERSONAL PROPERTY AND SEAGATE SOFTWARE'S
INDEMNIFICATION OBLIGATIONS, WHETHER BY CONTRACT OR BY OPERATION OF LAW, THE
LIABILITY OF EITHER PARTY OR THEIR AFFILIATES UNDER THIS AGREEMENT, REGARDLESS
OF THE BASIS OF LIABILITY OR THE FORM OF ACTION, SHALL IN NO EVENT EXCEED THE
TOTAL PRICE PAID TO SEAGATE SOFTWARE BY DISTRIBUTOR, NET OF ALL DISCOUNTS,
REBATES, AND REFUNDS, FOR THE PRODUCT DIRECTLY CAUSING THE LIABILITY OR, IF NO
PRODUCT CAUSES THE LIABILITY, THEN THE TOTAL PRICE PAID TO SEAGATE SOFTWARE, NET
OF ALL DISCOUNTS, REBATES AND

                                       12

<PAGE>

REFUNDS. THIS CAP IS IN ADDITION TO AMOUNTS THAT DISTRIBUTOR OWES SEAGATE
SOFTWARE (PAYABLE BUT NOT YET PAID). IN NO EVENT SHALL SEAGATE SOFTWARE OR ITS
AFFILIATES BE LIABLE FOR COSTS OF PROCUREMENT OF SUBSTITUTE GOODS BY ANYONE. IN
NO EVENT SHALL EITHER PARTY OR ITS AFFILIATES BE LIABLE FOR INDIRECT, SPECIAL,
INCIDENTAL, CONSEQUENTIAL, OR OTHER DAMAGES, HOWEVER CAUSED, WHETHER FOR BREACH
OF CONTRACT, NEGLIGENCE OR OTHERWISE, AND WHETHER OR NOT THEY HAVE BEEN ADVISED
OF THE POSSIBILITY OF SUCH DAMAGES. THE ESSENTIAL PURPOSE OF THIS SECTION IS TO
LIMIT THE POTENTIAL LIABILITY OF EACH PARTY AND ITS AFFILIATES ARISING OUT OF
THIS AGREEMENT.

13.      GENERAL PROVISIONS

         13.1     Independent Contractors. The relationship of Seagate Software
and Distributor established by this Agreement is that of independent
contractors. This Agreement does not give either party the power to direct and
control the day to day activities of the other, constitute the parties as
partners, joint venturers, co-owners, principal-agent, or otherwise participants
in a joint or common undertaking, or allow either party to create or assume any
obligation on behalf of the other party for any purpose whatsoever.

         13.2     Entire Agreement. This Agreement constitutes the entire
agreement of the parties, supersedes any prior and contemporaneous oral or
written understanding as to the subject matter hereof, and excludes all implied
representations, conditions, warranties, and other terms. Each party
acknowledges that it is entering into this Agreement as a result of its own
independent investigation and not as a result of any representation of the other
party not contained herein.

         13.3     Amendments; Waivers. This Agreement may be modified only by a
writing signed by the party to be charged. Without limitation, this provision
shall apply equally to this Section 13.3 and to Section 11.1. A waiver of any
provision or breach is no waiver of any other provision or breach.

         13.4     Force Majeure. Neither party shall be responsible for any
failure to perform due to causes beyond its reasonable control.

         13.5     Taxes. Except as otherwise specifically set forth in this
Agreement, Distributor shall pay or reimburse Seagate Software for all national
federal, state, local or other taxes and assessments of any jurisdiction (except
taxes imposed on Seagate Software's income), including sales or use taxes,
property taxes, withholding taxes as required by international tax treaties or
otherwise, customs or other import or export taxes, value added taxes, and
amounts levied in lieu thereof based on charges set, services performed or to be
performed or payments made or to be made under this Agreement. Distributor shall
not deduct the amount of such taxes, duties or assessments from payments made to
Seagate Software under this Agreement unless specifically required by applicable
law. In such event, Distributor shall promptly notify Seagate Software, and the
amount due shall automatically be increased to totally offset such tax, so that
the amount remitted to Seagate Software, net of all taxes, equals the invoiced
amount. Distributor shall also

                                       13

<PAGE>

provide Seagate Software with a copy of the official receipt evidencing payment
of the tax to the applicable local taxing authorities.

         13.6     Audits. Upon at least twenty (20) business days' notice to
Distributor and during Distributor's business hours, Seagate Software shall have
the right to audit, at Seagate Software's expense, the Products in Distributor's
possession or inventory and Distributor's books and records relating to its
performance under this Agreement, in order to determine its compliance
hereunder. In the event any such audit reveals that Distributor has knowingly
breached a material obligation hereunder, then, in addition to such other
remedies as Seagate Software may have, Distributor shall pay or reimburse to
Seagate Software a negotiated amount for the cost of the audit.

         13.7     Import and Export Controls. Distributor hereby acknowledges
that the Products are subject to United States export controls, pursuant to the
U.S. Export Administration Regulations. Distributor shall comply with all
applicable provisions of the Export Administration Regulations, and shall not
export, reexport, transfer, divert or disclose, directly or indirectly,
including via remote access, the Products, any confidential information
contained or embodied in the Products, or any direct product thereof, except as
authorized under the Export Administration Regulations.

         13.8     Publicity. The terms of this Agreement are confidential. No
press release or other like publicity regarding this Agreement may be made
without the other party's approval.

         13.9     Notices. All notices and other communications hereunder shall
be given in writing and delivered (a) by personal delivery, by prepaid overnight
or international courier service to the addresses set forth on the signature
page of this Agreement, or (b) by facsimile to such facsimile number as may be
provided in writing by a party. Notices are deemed given on receipt or attempted
delivery (if receipt is refused).

         13.10    Governing Law. Distributor acknowledges that Seagate Software
is based in the State of California, U.S.A. and requires uniformity and
consistency in the laws under which it deals with all of its domestic and
international distributors. Accordingly, this Agreement shall be governed and
construed, and all arbitration's hereunder shall be determined, in accordance
with the laws of the State of California, without regard to its conflicts of
laws rules.

         13.11    Dispute Resolution. Seagate Software and Distributor agree
that, before initiating any litigation concerning this Agreement or their
respective obligations hereunder, they will attempt in good faith to resolve
their dispute through nonbinding mediation. Each party covenants (a) not to
unfairly use litigation or the threat of litigation as a means to harass or
intimidate the other party, and (b) not to assert frivolous claims or defenses
in any dispute between them.

         13.12    Attorney's Fees. In the event of any litigation hereunder, the
court shall award costs and reasonable attorneys' fees to the prevailing party.

         13.13    English Language. English is the authoritative text of this
Agreement, and all communications, arbitration's, and other adjudication
hereunder shall be made and conducted in English.

                                       14

<PAGE>

         13.14    Severability. If any provision of this Agreement is held, in a
final and nonappealable decision by an arbitrator or court of competent
jurisdiction, not to comply with any applicable law, now existing or hereafter
enacted, such provision shall to the extent possible be interpreted so as to
comply with such law or condition or, if such interpretation is not possible, it
shall be deemed amended to satisfy the requirements thereof. Any provision
hereof deemed invalid or unenforceable, in a final and nonappealable decision by
an arbitrator or court of competent jurisdiction, shall be severed from this
Agreement, the balance of which shall remain enforceable.

         13.15    Acceptance by Seagate Software. This Agreement shall not be
deemed accepted by or binding upon Seagate Software unless and until a copy
fully executed by Distributor and an authorized representative of Seagate
Software is delivered to Distributor. This Agreement shall be deemed accepted
where executed by Seagate Software.

                                       15

<PAGE>
                                   EXHIBIT A

                                  [SUPERSEDED]

<PAGE>
                                   EXHIBIT B

                                  [SUPERSEDED]

<PAGE>
                                   EXHIBIT C

                                  [SUPERSEDED]

<PAGE>

                                    EXHIBIT D
                          PRICE LIST AND PAYMENT TERMS

         1.       Price List. In recognition of Distributor's services as a
distributor of the Products, and for so long as Distributor is in full
compliance with its obligations hereunder, Distributor shall pay Seagate
Software for Products purchased hereunder according to the standard price list
of the relevant subsidiary, less the applicable discount set forth in this
Agreement. Such prices and discount are subject to modification in accordance
with Section 6.2. The foregoing discount shall apply only to Products, and not
to any other goods or services Seagate Software may offer, including without
limitation upgrades, updates, and maintenance services, all of which Seagate
Software may in its discretion separately offer and price. In addition, the
foregoing discount may not apply to Products offered by Seagate Software on a
temporary basis at prices below its standard distributor prices, for special
promotions or otherwise.

         2.       Payment Terms. Seagate Software shall issue to Distributor
individual invoices for each shipment of Products made hereunder. Distributor
shall, without setoff, pay Seagate Software in full in U.S. dollars for each
delivery, (a) net 30 days from date of invoice for Seagate Software NSMG
Products; and (b) net 45 days from date of invoice for Seagate Software IMG
Products. Payment must be made by check or wire transfer to such accounts as
Seagate Software may designate.

         3.       Early Payment Discount. Seagate Software shall grant
Distributor an early payment discount of [*] for payments received
by wire transfer from Distributor pursuant to the terms of this Agreement no
more than twenty (20) days from the date of invoice. Such discount may be
amended or discontinued by Seagate Software upon providing thirty (30) days
prior written notice to Distributor. No early payment discount will be given
unless all past due invoices are paid in full, other than those invoices which
the parties agree are the subject of a good faith dispute, and such discount is
only applicable to Products identified and shipped pursuant to Distributor's
initial purchase order for "new" Product, and not to any Products reshipped
pursuant to Seagate Software's warranty provisions or returned for any reason.

         4.       Credit Information. The foregoing credit terms, and the
maximum amount of Distributor's credit line, will be subject to Distributor's
providing Seagate Software the following information:

                  (a)     Distributor's annual and quarterly financial
statements, which are publicly available through the Internet on Distributor's
website and through the Securities and Exchange Commission Electronic Data
Gathering and Retrieval (EDGAR) database; and

                  (b)     Other mutually agreed to documents and information as
required by Seagate Software to demonstrate Distributor's ongoing
creditworthiness.

* Confidential treatment has been requested with respect to this information.

                                       20

<PAGE>

         5.       Credit Changes. All credit lines and terms extended by Seagate
Software to Distributor under this Agreement, as set forth above or as
hereinafter granted, are subject to modification or withdrawal in the manner and
on the terms set forth in Section 6.3.

         6.       Debit Memos. Seagate Software shall accept debit memos issued
to Seagate Software by Distributor. However, Distributor shall not be entitled
to any credit memo issued by Seagate Software unless expressly authorized in
writing by Seagate Software. .Unauthorized debits shall be paid back to Seagate
Software within 15 days of Distributor's receipt of a written and detailed
request from Seagate Software. Distributor is not obligated to pay for items not
received by it.

         7.       Price Protection

                  (a) For Seagate Software NSMG Products. If Seagate Software
NSMG reduces its standard retail price, it will credit Distributor with the
difference for all Seagate Software NSMG Products which were shipped to
Distributor by Seagate Software NSMG (and not by any other party) during the 120
days preceding the date the reduced price is first offered and which are still
held in inventory by Distributor on such date. Distributor may make only one
domestic and one international credit request per reduction; except that Seagate
Software NSMG may, in its discretion, accept an additional request if
Distributor can establish that its failure to comply was a result of mistake or
inadvertence. Each such request must be in writing and delivered to Seagate
Software NSMG within twenty (20) business days after Seagate Software NSMG's
notice of the price reduction, and must provide Seagate Software NSMG with
written confirmation of the identity and quantity of the inventory for which
Distributor claims a credit, as Seagate Software NSMG may require.

                  (b) For Seagate Software IMG Products. If Seagate Software IMG
reduces its standard retail price or offers the Seagate Software IMG Products at
a lower price, including raising the discount offered, to any other similarly
situated distributor, it will credit Distributor with the difference between the
invoice price charged to Distributor and the reduced price for each unit of
Seagate Software IMG Products held in inventory by Distributor on the date the
reduced price is first offered. Price protection credit will not apply to
Seagate Software IMG Products purchased by Distributor from parties other than
Seagate Software IMG. Each request for price protection must be in writing and
delivered to Seagate Software IMG within twenty (20) business days after Seagate
Software IMG's notice of the price reduction, and must provide Seagate Software
IMG with written confirmation of the identity and quantity of the inventory for
which Distributor claims a credit, as Seagate Software IMG may require. Seagate
Software IMG may, in its sole discretion, provide Distributor's customers, on a
case by case basis, with a price reduction on inventory purchased within 90 days
of price decrease. In such case, proof of purchase by Distributor's customer
must be provided. Distributor will use commercially reasonable efforts to
provide inventory reporting of its customers' inventory.

         8.       Letters of Credit. Unless otherwise agreed in writing on a
particular sale, any letter of credit required by Seagate Software shall be
irrevocable and made payable in

                                       21

<PAGE>

U.S. Dollars at a bank designated by Seagate Software available by draft at
sight upon (1) loading of the Products on board carrier and (2) presentation to
Distributor or its agent or bank of the commercial invoice and bills of lading
within the time specified in the letter of credit. Such letter of credit shall
stipulate an expiration date of 3 months after the date Distributor orders the
Products, be issued subject to the Uniform Customs and Practices for Documentary
Credits (1983) Revision ICC Publications No. 400 (or superseding equivalent), be
transferable, and otherwise be on terms and conditions acceptable to Seagate
Software as it may require from time to time.

                                       22

<PAGE>

                                    EXHIBIT E
                                 STOCK ROTATION

         During the term of this Agreement, Distributor may return product to
Seagate Software for stock rotation up to ten percent (10%) of the dollar value
of Distributor's last three months' product orders, subject to the following
conditions:

                  (a)     Distributor must submit its request for stock
rotation to Seagate Software in writing at least 14 days in advance of
Distributor's proposed stock return date, and, if requested by Seagate Software,
providing with the request supporting documentation showing that at least the
amount of the same product for which rotation is requested has been shipped to
Distributor within the last 60 days;

                  (b)     the version of the Products being returned must be the
current version or the version immediately preceding the then-current version;

                  (c)     Distributor must submit to Seagate Software,
concurrently with its rotation request, an order for Products equal to or
greater than the value of the Products being returned;

                  (d)     Distributor may submit only one stock rotation request
per calendar quarter;

                  (e)     the Products being returned must be new, resaleable,
and in their original, unopened packaging; and

                  (f)     Distributor shall pay the shipping costs for Product
returned for Stock Rotation.

                                       23

<PAGE>

                                    EXHIBIT F

                             PROPRIETARY INFORMATION
                            NON-DISCLOSURE AGREEMENT

         This Agreement is made this 29th day of September, 1998, by and between
Ingram Micro Inc., a Delaware corporation with its principal place of business
at 1600 East St. Andrew Place, Santa Ana, California 92705 ("Ingram"), and
Seagate Software, Inc., a Delaware corporation, with office located at 920 Disc
Drive, Scotts Valley, California 95067 ("Vendor").

WHEREAS Ingram has compiled and organized certain information relating to its
sales which is proprietary and confidential, and such information includes, but
is not limited to the "Point of Sale (POS) Report" ("Proprietary Information");
and

WHEREAS Ingram agrees to disclose Proprietary Information to Vendor for the
limited purpose set out herein; and

WHEREAS Vendor desires to inspect and use such Proprietary Information for it's
internal business purposes only, including, but not limited to, distribution to
its affiliates and employees and agents for purposes of calculation of
commissions.

NOW, THEREFORE, in consideration of the mutual promises set out herein, the
parties hereby agree as follows:

1.       Vendor agrees not to use, or permit others to use, the Proprietary
Information, other than for the purpose(s) stated above. Vendor agrees to limit
distribution of and access to the Proprietary Information to employees and
agents of Vendor and its affiliated companies who require access to Proprietary
Information.

2.       Vendor agrees not to contact any customer or dealer listed in the
Proprietary Information for the purpose of soliciting a direct sales
relationship between Vendor and such customer or dealer. Notwithstanding the
foregoing, Vendor shall not be prohibited from contacting or soliciting those
customers or dealers (a) with whom Vendor already has a direct relationship, (b)
who contact Vendor of their own accord, and (c) who are developed as prospective
customers or dealers independent of the Proprietary Information.

3.       Vendor agrees that it shall take reasonable measures to protect the
secrecy of and avoid disclosure and unauthorized use of the Proprietary
Information. Without limiting the foregoing, Vendor shall take at least those
measures that it takes to protect its own most highly confidential information
and shall ensure that its employees who have access to Proprietary Information
have signed a non-use and non-disclosure agreement in content similar to the
provisions hereof, prior to any disclosure of Proprietary Information to such
employees.

4.       The term of this Agreement, unless terminated in accordance with
paragraph 6, shall be concurrent with the term of that Distribution Agreement
between Ingram Micro Inc. and Vendor dated September 29, 1998, incorporated by
reference as if fully set forth herein.

5.       Vendor and Ingram mutually agree that Ingram's public disclosure of the
Proprietary Information, except pursuant to a confidential disclosure agreement,
to any party will release

                                       24

<PAGE>

Vendor from the obligation of confidentiality with respect to that portion of
the Proprietary Information actually disclosed by Ingram.

6.       Upon termination of this Agreement by either party for any reason,
Vendor shall return all Proprietary Information, in the form received by Vendor,
to Ingram within thirty (30) days. For purposes of enforcing this provision,
Vendor's return obligation shall survive the termination of this Agreement.

7.       Vendor acknowledges the damages which Ingram may suffer in the event of
Vendor's breach of obligations set forth herein. Vendors agrees to and shall
indemnify Ingram from and compensate Ingram for any and all damage or injury,
including legal fees and costs incurred by Ingram, as a direct consequence of
any action or inaction of Vendor with respect to the Proprietary Information.
This provision shall survive the expiration or earlier termination of this
Agreement for a period of one (1) year. THE LIABILITY OF VENDOR OR ITS
AFFILIATES UNDER THIS AGREEMENT , REGARDLESS OF THE BASIS OF LIABILITY OR THE
FORM OF ACTION, SHALL IN NO EVENT EXCEED THE TOTAL PRICE PAID TO VENDOR BY
INGRAM DURING THE PRIOR TWELVE MONTH PERIOD, OR ANY APPLICABLE PRO-RATA PORTION
THEREOF, EXTRAPOLATED TO A TWELVE MONTH PERIOD. IN NO EVENT SHALL VENDOR OR ITS
AFFILIATES BE LIABLE FOR INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR OTHER
DAMAGES, HOWEVER CAUSED, WHETHER FOR BREACH OF CONTRACT, NEGLIGENCE OR
OTHERWISE, AND WHETHER OR NOT VENDOR HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH
DAMAGES. THE ESSENTIAL PURPOSE OF THIS SECTION IS TO LIMIT THE POTENTIAL
LIABILITY OF VENDOR AND ITS AFFILIATES ARISING OUT OF THIS AGREEMENT.

8.       The rights, promises, duties, and obligations set out herein, and the
validity, interpretation, performance, and legal effect of the whole Agreement
shall be governed and determined by the laws of the State of California. In the
event that any provision is found invalid or unenforceable pursuant to statutory
or judicial decree, such provision shall be construed only to the maximum extent
permitted by law, and the remainder of the Agreement shall be valid and
enforceable in accordance with its terms.

INGRAM MICRO, INC.                               SEAGATE SOFTWARE, INC.

By: /s/ Michael Terrell                          By: /s/ Ellen Chamberlain
    ----------------------------                     ---------------------------

Name: Michael Terrell                            Name: Ellen Chamberlain

Title: Vice President Purchasing                 Title: Sr. VP and CFO

Date: 9-24-98                                    Date: Sept. 29, 1998

                                       25

<PAGE>

[SEAGATE SOFTWARE LOGO]

                             SEAGATE SOFTWARE, INC.
                             A Delaware Corporation
                                 920 Disc Drive
                        Scotts Valley, California 95067
                      NORTH AMERICAN DISTRIBUTOR AGREEMENT

                                             AMENDMENT TO CONTRACT NO. 975500878

The parties to the NORTH AMERICAN DISTRIBUTOR AGREEMENT in effect between
SEAGATE SOFTWARE, INC. and its affiliates a.k.a Seagate Software Network &
Storage Management Group, Inc. and Seagate Software Information Management
Group, Inc. (herein collectively known as ("Seagate Software) and INGRAM MIRCO,
INC. ("Distributor"), with the signature of SEAGATE SOFTWARE, INC. dated
September 29, 1998, (the "Agreement), hereby agree to amend to Agreement in the
following particular matters:

1.   Exhibit B ("Territory") of the Agreement is amended, to delete the
     Territory referenced therein, and to substitute the Territory which is
     identified in the new Exhibit B attached hereto.

This Amendment shall be effective as of the date which is last written, below.
All other terms and conditions of the Agreement shall remain in full force and
effect, except to the extent that such terms and conditions may be inconsistent
with the terms of this Amendment.

Distributor has read, understands and agrees to the terms of this Amendment and
the undersigned represents that he or she is duly authorized to sign this
Amendment.

SEAGATE SOFTWARE, INC.                       INGRAM MIRCO, INC.

Date December 7, 1998                        Date 2/4/98

/s/ Ellen Chamberlain                        /s/ Al Mann
------------------------                     -------------------------
Signature                                    Signature

Ellen Chamberlain                            Al Mann
-----------------------                      ------------------------
Print Name                                   Print Name

SR VP, CFO                                   VP, Purchansing
----------------------------                 -----------------------------
Title                                        Title

Telecopier (408) 438-7132                    Telecopier ________________________

Ingram Micro Amendment No. 1

                                       1

<PAGE>

[SEAGATE SOFTWARE LOGO]

                                   EXHIBIT B
                                   TERRITORY

FOR SEAGATE SOFTWARE NETWORK & STORAGE MANAGEMENT GROUP, INC. PRODUCTS:

United States
Canada

FOR SEAGATE SOFTWARE INFORMATION GROUP, INC. PRODUCTS:

United States                     Jamaica
Canada                            Cayman Islands
Antigua                           Lesser Antilles
Aruba                             Martinique
Barbados                          Nether-Antilles
Bermuda                           New Caledonia
Bolivia                           Nicaragua
Bahamas                           Panama
Br. Virgin Islands                Peru
Belize                            Puerto Rico
Columbia                          Paraguay
Costa Rica                        Suriname
Dominican Republic                El Salvador
Ecuador                           Trinidad
Guatemala                         Venezuela
Guyana                            US Virgin Islands
Honduras                          West Indies
Haiti

Ingram Micro Amendment No. 1

                                       2

<PAGE>

                             SEAGATE SOFTWARE, INC.
                             A Delaware Corporation
                                 920 Disc Drive
                        Scotts Valley, California 95067
               AMENDMENT TO NORTH AMERICAN DISTRIBUTOR AGREEMENT

                                             AMENDMENT TO CONTRACT NO. 975500878

The parties to the NORTH AMERICAN DISTRIBUTOR AGREEMENT in effect between
SEAGATE SOFTWARE, INC. and INGRAM MICRO INC., with the signature of SEAGATE
SOFTWARE, INC. dated September 29, 1998 (the "Agreement"), hereby agree to
amend the Agreement as follows:

1.   The Agreement is hereby in effect between Seagate software Network &
     Storage Management Group, Inc. and Ingram Micro Inc.

2.   Exhibit A ("Products") of the Agreement is hereby amended to remove all IMG
     Products.

3.   Exhibit B ("Territory") of the Agreement is hereby amended to remove all
     IMG Territories.

4.   Any and all references or terms relating to IMG or IMG Products throughout
     the Agreement, and any and all renewals or amendments thereto, are hereby
     removed.

5.   The contract number is hereby amended to 995502560

This Amendment shall be effective as of the date which is last written below.
All other terms and conditions of the original Agreement, and any and all
renewals or amendments thereto, shall remain in full force and effect (including
any term or expiration date thereof), except to the extent that such terms and
conditions may be inconsistent with the terms of this Amendment.

Distributor has read, understands and agrees to the terms of this Amendment and
the undersigned represents that he or she is duly authorized to sign this
Amendment.

SEAGATE SOFTWARE, INC.                   INGRAM MICRO INC.

April 20, 1999                           April 7, 1999
---------------------------              -----------------------------
Date                                     Date

/s/ Ellen E. Chamberlain                 /s/ Michael Terrell
---------------------------              -----------------------------
Signature                                Signature

Ellen E. Chamberlain                     Michael Terrell
---------------------------              -----------------------------
Print Name                               Print Name

Sr. Vice-President &
Chief Financial Officer                  Vice President Purchasing
---------------------------              -----------------------------
Title                                    Title

831/438-0746                             (714) 247-3144
---------------------------              -----------------------------
Telecopier                               Telecopier

                                        1

<PAGE>

[INGRAM MICRO LOGO]

                              AMENDMENT # 2 TO THE
                      NORTH AMERICAN DISTRIBUTION AGREEMENT

THIS AMENDMENT (the "Amendment") is entered into this 18 day of June, 1999, by
and between INGRAM MICRO INC. ("Ingram") and VERITAS SOFTWARE CORPORATION.
"VERITAS".

The parties have agreed to amend the North American Distribution Agreement
between Ingram and Seagate Software, Inc. dated September 29, 1998 and amended
April 20, 1999 ("Distribution Agreement").

1.       All references to "Seagate Software Network & Storage Management Group,
         Inc.", "NSMG" or "Vendor" in the Distribution Agreement, this
         Amendment, or any other such documentation or communication concerning
         the Distribution Agreement shall be changed to VERITAS.

2.       All notices or other communications to Seagate Software Network &
         Storage Management Group, Inc., under Section 13.9 shall be sent to
         VERITAS' address:

                  VERITAS Software Corporation
                  1600 Plymouth Street
                  Mountain View, CA 94043
                  Attn: Legal Department

3.       The terms and conditions of this present Amendment shall prevail over
         the terms and conditions of the Distribution Agreement.

4.       Notwithstanding the foregoing, all other provisions of the Distribution
         Agreement shall remain unchanged and in force.

The undersigned have the read the Amendment, agree hereto, and are authorized
representatives of their respective parties.

INGRAM MICRO INC.                            VERITAS SOFTWARE CORPORATION

By: /s/ Tim Jeffries                         By: /s/ Cecily Joseph
    --------------------------------             -------------------------------

Name: Tim Jeffries                           Name: Cecily Joseph

Title: VP & GM Storage & Components          Title: Associate General Counsel

Date: 6/18/99                                Date: 6/20/99

Veritas Software Corporation                                        Confidential
Doc rev 2/97                                                             6/10/99

                                        1

<PAGE>

                                AMENDMENT NO.3 TO
                      NORTH AMERICAN DISTRIBUTOR AGREEMENT

                                                          CONTRACT NO. 995502560

The NORTH AMERICAN DISTRIBUTOR AGREEMENT in effect between SEAGATE SOFTWARE
NETWORK & STORAGE MANAGEMENT GROUP, INC. and INGRAM MICRO, INC. ("Distributor"),
with the signature of SEAGATE SOFTWARE NETWORK & STORAGE MANAGEMENT GROUP, INC.
dated April 20, 1999 (the "Agreement"), has been assigned to VERITAS SOFTWARE
CORPORATION, a Delaware corporation ("VERITAS"), with its principal place of
business at 1600 Plymouth Street, Mountain View, California 94043, in connection
with its acquisition of Seagate Software Network & Storage Management Group. The
parties hereto agree to amend the Agreement as follows:

1.   The term "NSMG" is replaced with "VERITAS" throughout the Agreement.

2.   In Section 11.1, Term, the second sentence is hereby deleted and replaced
     with the following:

                  "Thereafter, this Agreement shall renew for additional one
                  year terms unless earlier terminated as set forth herein."

3.   Section 4.2, Sales Incentive Programs, is hereby deleted in its entirety
     and replaced with the following:

                  "VERITAS shall offer Distributor a marketing development
                  program on the terms set forth in Exhibit C. VERITAS may from
                  time to time offer other incentive programs to Distributors.
                  All such programs will be governed by such rules and
                  guidelines as VERITAS may announce and modify from time to
                  time in its discretion."

4.   Exhibit C, Cooperative Advertising Program, is hereby deleted in its
     entirety and replaced with the new Exhibit C, Market Development Program,
     attached hereto.

5.   For the Products listed on Attachment 1 hereto, Distributor shall provide
     VERITAS with end user point of sale reports by the 10th day of each month,
     in a manner and format consistent with the monthly reports that Distributor
     is currently providing to VERITAS.

6.   All other terms and conditions of the original Agreement are incorporated
     herein and shall remain in full force and effect, except to the extent that
     such terms and conditions may be inconsistent with the terms of this
     Amendment.

<PAGE>

Distributor has read, understands and agrees to the terms of this Amendment and
the undersigned represents that he or she is duly authorized to sign this
Amendment.

VERITAS SOFTWARE CORPORATION                   INGRAM MICRO, INC.

/s/ Cecily Joseph                              /s/ Robert M. Bennett
-------------------------------                -----------------------
Signature                                      Signature

Cecily Joseph                                  Robert M. Bennett
-------------------------------                -----------------------
Print Name                                     Print Name

Associate General Counsel                      VP/GM
-------------------------------                -----------------------
Title                                          Title

2/10/00                                        1/21/00
-------------------------------                -----------------------
Date                                           Date

<PAGE>

                                    EXHIBIT C
                           MARKET DEVELOPMENT PROGRAM

         1.       Market Development Fund Account

         (a)      VERITAS shall accrue for Distributor's benefit amounts for
later use as Market Development Funds ("MDF"), on the terms herein. MDF is
eligible for the marketing and promotion of VERITAS Products purchased by and
shipped to Distributor.

         (b)      VERITAS may determine, in its sole discretion, the amount of
MDF to be used by Distributor.

         2.       Payment if Market Development Funds

         (a)      VERITAS shall credit Distributor with amounts from its MDF
account (MDF Credits) in reimbursement of Distributor's qualifying marketing
expenditures for VERITAS Products. VERITAS shall determine in its sole
discretion which advertising, promotional, and other marketing expenditures by
Distributor qualify for MDF Credits under its Market Development
Program. Distributor shall provide proof of expenditure as VERITAS may prescribe
in guidelines it establishes and may modify from time to time.

         (b)      VERITAS shall provide MDF Credits to Distributor in the form
of credits against Distributor's account for VERITAS Product purchases. VERITAS
reserves the right for prior approval of any credits against Distributors's
account, which such approval will not be unreasonably withheld or delayed.

         (c)      MDF Credits which have been properly requested and are payable
to Distributor in accordance with the foregoing, prior to the termination of
this Agreement, shall be paid thereafter notwithstanding such termination.

<PAGE>

                               AMENDMENT NO. 4 TO
                      NORTH AMERICAN DISTRIBUTOR AGREEMENT

                                                          CONTRACT NO. 995502560

This Fourth Amendment ("Amendment"), which is entered into and is effective on
June 5, 2000 ("Effective Date"), supplements and amends the terms of the North
American Distributor Agreement between VERITAS SOFTWARE CORPORATION ("VERITAS")
and INGRAM MICRO, INC. ("Distributor"), with the signature of VERITAS SOFTWARE
CORPORATION dated September 28, 1998 (the "Agreement"). Capitalized terms not
otherwise defined herein shall have the meaning set forth in the Agreement.
Except as supplemented and amended herein, the Agreement shall remain in full
force and effect. The parties hereto agree to amend the Agreement as follows:

1.       The attached "Exhibit A, Appendix 1" shall be added to "Exhibit A,
         (Products)" of the Agreement. ESG, a business unit of Ingram Micro,
         Inc., shall be the only business unit permitted to directly buy and
         sell the Products set forth in Exhibit A, Appendix 1.

2.       Exhibit D, Section 1 shall be deleted in its entirety and replaced with
         the following:

         1. Price List. In recognition of Distributor's services as a
         distributor of the Products, and for so long as Distributor is in full
         compliance with its obligations hereunder, Distributor shall pay
         VERITAS for Products purchased hereunder according to VERITAS' standard
         distributor price list in effect at the time of sale, less, a discount
         in each case of: (i) [*] of the applicable standard price for classic
         VERITAS Products (set forth in Exhibit A, Appendix 1 attached hereto);
         (ii) [*] of the applicable standard price for NSMG Products and
         NetBackup BusinesServer; (iii) [*] of the applicable standard price for
         support and training for classic VERITAS Products (as set forth in
         Exhibit A, Appendix 1 attached hereto); and (iv) [*] of the applicable
         standard price for support and training for NSMG Products. Such prices
         and discount are subject to modification in accordance with Section
         6.2. The foregoing discount shall apply only to Products, and not to
         any other goods or services VERITAS may offer, including without
         limitation upgrades, updates, and maintenance services, all of which
         VERITAS may in its discretion separately offer and price. In addition,
         the foregoing discount shall not apply to Products offered by VERITAS
         on a temporary basis at prices below its standard distributor prices,
         for special promotions or otherwise.

3.       For the Products listed on Appendix 1 hereto, EXHIBIT D, Section 3
         shall not apply and shall be deleted in its entirety.

4.       For the Products listed on Appendix 1 hereto, Distributor shall provide
         VERITAS with daily, end user (Company name, city, state and zip) point
         of sale reports, in a manner and format consistent with the reports
         that Distributor is currently providing to VERITAS.

5.       All other terms and conditions of the original Agreement are
         incorporated herein and shall remain in full force and effect, except
         to the extent that such terms and conditions may be inconsistent with
         the terms of this Amendment.

INITIAL /s/ [ILLEGIBLE]

* Confidential treatment has been requested with respect to this information.

                                        1

<PAGE>

Distributor has read, understands and agrees to the terms of this Amendment and
the undersigned represents that he or she is duly authorized to sign this
Amendment.

VERITAS SOFTWARE CORPORATION                       INGRAM MICRO, INC.

/s/ Brian Naylor                                   /s/ Robert M. Bennett
-----------------------------                      -----------------------------
Signature                                          Signature

Brian Naylor                                       Robert M. Bennett
-----------------------------                      -----------------------------
Print Name                                         Print Name

V. P.                                              VP/GM
-----------------------------                      -----------------------------
Title                                              Title

8/9/00                                             7/26/00
-----------------------------                      -----------------------------
Date                                               Date

                                        2

<PAGE>

                                    EXHIBIT A
                                   APPENDIX 1
                                    PRODUCTS

VxFS
VxVM
Foundation Suite
Editions
NBU
NBU BusinessServer
NBU Professional
HSM

Distribution of the following Products requires further authorization from
VERITAS:

VCS
VCS Editions
Replication (SRVM and SRFS)

NT VCS
NT VM
SRE

<PAGE>

                               AMENDMENT NO. 5 TO
                      NORTH AMERICAN DISTRIBUTOR AGREEMENT

                                                          CONTRACT NO. 995502560

This Fifth Amendment ("Amendment"), which is entered into and is effective on
June 13, 2001 ("Effective Date"), supplements and amends the terms of the North
American Distributor Agreement between VERITAS SOFTWARE GLOBAL CORPORATION
("VERITAS") and INGRAM MICRO, INC. ("Distributor"), with the signature of
VERITAS dated September 28, 1998, including all supplements and amendments
thereto (collectively the "Agreement"). Capitalized terms not otherwise defined
herein shall have the meaning set forth in the Agreement. Except as supplemented
and amended herein, the Agreement shall remain in full force and effect.

For good and valuable consideration, the parties agree to amend the Agreement as
follows:

1.   Notwithstanding anything to the contrary set forth on any Exhibit A or
     Exhibit A, Appendix 1 to the Agreement delivered by VERITAS to Distributor
     from time to time, Distributor is not authorized to distribute the
     following Products on or after the Effective Date of this Amendment:

       VERITAS SERVPOINT(TM) FOR NAS AND VERITAS SERVPOINT(TM) FOR NAS HA

     Such Products shall be deemed deleted from any Exhibit A or Exhibit A,
     Appendix 1 delivered to Distributor by VERITAS.

2.   All other terms and conditions of the original Agreement are incorporated
     herein and shall remain in full force and effect, except to the extent that
     such terms and conditions may be inconsistent with the terms of this
     Amendment.

Distributor has read, understands and agrees to the terms of this Amendment and
the undersigned represents that he or she is duly authorized to sign this
Amendment.

VERITAS SOFTWARE GLOBAL                        INGRAM MICRO, INC.
CORPORATION

/s/ John F. Brigden                            /s/ Jodi Honore
--------------------------                     ---------------------------------
Signature                                      Signature

John F. Brigden                                Jodi Honore
--------------------------                     ---------------------------------
Print Name                                     Print Name

Vice President
and General Counsel                            VP Product Management
--------------------------                     ---------------------------------
Title                                          Title

                                        1

<PAGE>

(VERITAS LOGO)                                                      AMENDMENT TO
                                            NORTH AMERICAN DISTRIBUTOR AGREEMENT

                                                          #_____________________

--------------------------------------------------------------------------------

This Amendment ("Amendment") is entered into on this 17th day of February, 2003,
(the "Effective Date") between VERITAS SOFTWARE GLOBAL CORPORATION with its
principal place of business at 350 Ellis Street, Mountain View, California 94043
("VERITAS") and INGRAM MICRO, INC. with its principal place of business at 1600
St. Andrew Place, Santa Ana, California 92799-5125 ("Distributor") and
supplements and amends the terms of the North American Distributor Agreement
between VERITAS and Distributor with the signature date of VERITAS dated
September 28, 1998, including all supplements and amendments thereto
(collectively the "Agreement"). Capitalized terms not otherwise defined herein
shall have the meaning set forth in the Agreement.

For good and valuable consideration, the parties agree to amend the Agreement as
follows:

1.    The parties agree to extend the Agreement until March 31, 2003.

2.    All other terms and conditions of the original Agreement are incorporated
      herein and shall remain in full force and effect, except to the extent
      that such terms and conditions may be inconsistent with the terms of this
      Amendment.

3.    Each of the undersigned represents that he or she is duly authorized to
      sign this Agreement on behalf of their respective companies.

VERITAS SOFTWARE GLOBAL CORPORATION        CUSTOMER: INGRAM MICRO, INC.

By:  /s/ John F. Brigden                   By:  /s/ Donna Grothjan

Name: John F. Brigden                      Name: Donna Grothjan

Title: Vice President                      Title: SVP - Product Mgmt.
       and General Counsel
                          2/28/03

Amendment                      VERITAS Confidential                       Page 1
060302
<PAGE>
(VERITAS LOGO)                                                      AMENDMENT TO
                                            NORTH AMERICAN DISTRIBUTOR AGREEMENT

                                                          #_____________________

--------------------------------------------------------------------------------

This Amendment ("Amendment") is entered into on this 31st day of March, 2003,
(the "Effective Date") between VERITAS SOFTWARE GLOBAL CORPORATION with its
principal place of business at 350 Ellis Street, Mountain View, California 94043
("VERITAS") and INGRAM MICRO, INC. with its principal place of business at 1600
St. Andrew Place, Santa Ana, California 92799-5125 ("Distributor") and
supplements and amends the terms of the North American Distributor Agreement
between VERITAS and Distributor with the signature date of VERITAS dated
September 28, 1998, including all supplements and amendments thereto
(collectively the "Agreement"). Capitalized terms not otherwise defined herein
shall have the meaning set forth in the Agreement.

For good and valuable consideration, the parties agree to amend the Agreement as
follows:

1.    The parties agree to extend the Agreement until May 1, 2003.

2.    All other terms and conditions of the original Agreement are incorporated
      herein and shall remain in full force and effect, except to the extent
      that such terms and conditions may be inconsistent with the terms of this
      Amendment.

3.    Each of the undersigned represents that he or she is duly authorized to
      sign this Agreement on behalf of their respective companies.

VERITAS SOFTWARE GLOBAL CORPORATION          CUSTOMER: INGRAM MICRO, INC.

By: /s/ John F. Brigden                      By: /s/ Donna Grothjan

Name: John F. Brigden                        Name: Donna Grothjan

Title: Sr. Vice President                    Title: Senior Vice President,
       And General Counsel                          Product Mgmt.

Amendment                         VERITAS Confidential                    Page 1
060302
<PAGE>
(VERITAS LOGO)                                                      AMENDMENT TO
                                            NORTH AMERICAN DISTRIBUTOR AGREEMENT

                                                          #_____________________
--------------------------------------------------------------------------------

This Amendment ("Amendment") is entered into on this 30th day of April, 2003,
(the "Effective Date") between VERITAS SOFTWARE GLOBAL CORPORATION with its
principal place of business at 350 Ellis Street, Mountain View, California 94043
("VERITAS") and INGRAM MICRO, INC. with its principal place of business at 1600
St. Andrew Place, Santa Ana, California 92799-5125 ("Distributor") and
supplements and amends the terms of the North American Distributor Agreement
between VERITAS and Distributor with the signature date of VERITAS dated
September 28, 1998, including all supplements and amendments thereto
(collectively the "Agreement"). Capitalized terms not otherwise defined herein
shall have the meaning set forth in the Agreement.

For good and valuable consideration, the parties agree to amend the Agreement as
follows:

1.    The parties agree to extend the Agreement until June 1, 2003.

2.    All other terms and conditions of the original Agreement are incorporated
      herein and shall remain in full force and effect, except to the extent
      that such terms and conditions may be inconsistent with the terms of this
      Amendment.

3.    Each of the undersigned represents that he or she is duly authorized to
      sign this Agreement on behalf of their respective companies.

VERITAS SOFTWARE GLOBAL CORPORATION        CUSTOMER: INGRAM MICRO, INC.

By: /s/ John F. Brigden                    By: /s/ Jodi Honore

Name: John F. Brigden                      Name: VP Vendor Management

Title: Sr. Vice President                  Title: Jodi Honore
       And General Counsel

Amendment                       VERITAS Confidential                      Page 1
060302Form of Debt Securities Indenture

EXHIBIT 4.1 
 

 
ICOS CORPORATION, Issuer 
 
to 
 
                        , Trustee 
 

 
INDENTURE 
 
Dated as of
                          , 200   
 

 
Debt Securities 
 

Reconciliation and tie between Indenture, dated as of
                , 200  , and the Trust Indenture Act of 1939, as amended 
 

	 Trust Indenture Act of 1939 Section

	  	 Indenture Section

	 310
	  	 (a)(1)
	  	 6.12

	 	  	 (a)(2)
	  	 6.12

	 	  	 (a)(3)
	  	 TIA

	 	  	 (a)(4)
	  	 Not applicable

	 	  	 (a)(5)
	  	 TIA

	 	  	 (b)
	  	 6.3; 6.10

	 311
	  	 (a)
	  	 TIA

	 	  	 (b)
	  	 TIA

	 312
	  	 (a)
	  	 6.8

	 	  	 (b)
	  	 TIA

	 	  	 (c)
	  	 TIA

	 313
	  	 (a)
	  	 6.7; TIA

	 	  	 (b)
	  	 TIA

	 	  	 (c)
	  	 TIA

	 	  	 (d)
	  	 TIA

	 314
	  	 (a)
	  	 9.6; 9.7

	 	  	 (b)
	  	 Not applicable

	 	  	 (c)(1)
	  	 1.2

	 	  	 (c)(2)
	  	 1.2

	 	  	 (c)(3)
	  	 Not applicable

	 	  	 (d)
	  	 Not applicable

	 	  	 (e)
	  	 TIA

	 	  	 (f)
	  	 TIA

	 315
	  	 (a)
	  	 TIA

	 	  	 (b)
	  	 6.6

	 	  	 (c)
	  	 TIA

	 	  	 (d)(1)
	  	 TIA

	 	  	 (d)(2)
	  	 TIA

	 	  	 (d)(3)
	  	 TIA

	 	  	 (e)
	  	 TIA

	 316
	  	 (a)(last sentence)
	  	 1.1

	 	  	 (a)(1)(A)
	  	 5.2; 5.8

	 	  	 (a)(1)(B)
	  	 5.7

	 	  	 (b)
	  	 5.9; 5.1

	 	  	 (c)
	  	 TIA

	 317
	  	 (a)(1)
	  	 5.3

	 	  	 (a)(2)
	  	 5.4

	 	  	 (b)
	  	 9.3

	 318
	  	 (a)
	  	 1.11

	 	  	 (b)
	  	 TIA

	 	  	 (c)
	  	 1.11; TIA

This reconciliation and tie section
does not constitute part of the Indenture 
 

i 

TABLE OF CONTENTS 
 

	 	  	 	  	 Page

	
	 ARTICLE 1        Definitions
and Other Provisions of General Application
	  	 1

	
	             Section 1.1
	  	 Definitions
	  	 1

	
	             Section
1.2
	  	 Compliance Certificates and Opinions
	  	 6

	
	             Section
1.3
	  	 Form of Document Delivered to Trustee
	  	 7

	
	             Section
1.4
	  	 Acts of Holders
	  	 8

	
	             Section
1.5
	  	 Notices, Etc., to Trustee and Company
	  	 9

	
	             Section
1.6
	  	 Notice to Holders; Waiver
	  	 9

	
	             Section
1.7
	  	 Headings and Table of Contents
	  	 9

	
	             Section
1.8
	  	 Successors and Assigns
	  	 10

	
	             Section
1.9
	  	 Separability
	  	 10

	
	             Section 1.10
	  	 Benefits of Indenture
	  	 10

	
	             Section
1.11
	  	 Governing Law
	  	 10

	
	             Section
1.12
	  	 Conflict of Any Provision of Indenture With Trust Indenture Act
	  	 10

	
	             Section
1.13
	  	 No Recourse Against Others
	  	 10

	
	             Section
1.14
	  	 Waiver of Trial by Jury
	  	 10

	
	             Section
1.15
	  	 Counterparts
	  	 11

	
	             Section
1.16
	  	 Legal Holidays
	  	 11

	
	 ARTICLE 2        Security
Forms
	  	 11

	
	             Section
2.1
	  	 Forms Generally
	  	 11

	
	             Section
2.2
	  	 Form of Face of Security
	  	 11

	
	             Section
2.3
	  	 Form of Reverse of Security
	  	 13

	
	             Section
2.4
	  	 Form of Trustee’s Certificate of Authentication
	  	 16

	
	 ARTICLE 3        The
Securities
	  	 17

	
	             Section
3.1
	  	 Amount Unlimited; Issuable in Series
	  	 17

	
	             Section
3.2
	  	 Denominations
	  	 19

	
	             Section
3.3
	  	 Execution, Authentication, Delivery and Dating
	  	 20

	
	             Section
3.4
	  	 Temporary Securities
	  	 22

	
	             Section
3.5
	  	 Registration, Registration of Transfers and Exchanges
	  	 22

	
	             Section
3.6
	  	 Replacement Securities
	  	 23

 

ii 

TABLE OF CONTENTS 
(continued) 
 

	 	  	 	  	 Page

	
	             Section 3.7
	  	 Payment of Interest; Interest Rights Preserved
	  	 24

	
	             Section
3.8
	  	 Persons Deemed Owners
	  	 25

	
	             Section
3.9
	  	 Cancellation
	  	 26

	
	             Section
3.10
	  	 Computation of Interest
	  	 26

	
	             Section 3.11
	  	 CUSIP Numbers
	  	 26

	
	 ARTICLE 4        Satisfaction,
Discharge and Defeasance
	  	 26

	
	             Section
4.1
	  	 Termination of Company’s Obligations Under the Indenture
	  	 26

	
	             Section
4.2
	  	 Application of Trust Funds
	  	 27

	
	             Section
4.3
	  	 Applicability of Defeasance Provisions; Company’s Option to Effect Defeasance or Covenant
Defeasance
	  	 28

	
	             Section
4.4
	  	 Defeasance and Discharge
	  	 28

	
	             Section
4.5
	  	 Covenant Defeasance
	  	 28

	
	             Section
4.6
	  	 Conditions to Defeasance or Covenant Defeasance
	  	 29

	
	             Section
4.7
	  	 Deposited Money and Government Obligations to Be Held in Trust
	  	 30

	
	             Section
4.8
	  	 Transfers and Distribution at Company Request
	  	 31

	
	 ARTICLE 5        Defaults and
Remedies
	  	 31

	
	             Section
5.1
	  	 Events of Default
	  	 31

	
	             Section
5.2
	  	 Acceleration, Rescission and Annulment
	  	 33

	
	             Section
5.3
	  	 Collection of Indebtedness and Suits for Enforcement by Trustee
	  	 33

	
	             Section
5.4
	  	 Trustee May File Proofs of Claim
	  	 34

	
	             Section
5.5
	  	 Trustee May Enforce Claims Without Possession of Securities
	  	 34

	
	             Section
5.6
	  	 Delay or Omission Not Waiver
	  	 34

	
	             Section
5.7
	  	 Waiver of Past Defaults
	  	 34

	
	             Section
5.8
	  	 Control by Majority
	  	 34

	
	             Section
5.9
	  	 Limitation on Suits by Holders
	  	 35

	
	             Section
5.10
	  	 Rights of Holders to Receive Payment
	  	 35

	
	             Section
5.11
	  	 Application of Money Collected
	  	 36

	
	             Section
5.12
	  	 Restoration of Rights and Remedies
	  	 36

	
	             Section
5.13
	  	 Rights and Remedies Cumulative
	  	 36

 

iii 

TABLE OF CONTENTS 
(continued) 
 

	 	  	 	  	 Page

	
	 ARTICLE 6        The
Trustee
	  	 37

	
	             Section 6.1
	  	 Certain Duties and Responsibilities
	  	 37

	
	             Section
6.2
	  	 Rights of Trustee
	  	 38

	
	             Section
6.3
	  	 Trustee May Hold Securities
	  	 39

	
	             Section
6.4
	  	 Money Held in Trust
	  	 39

	
	             Section
6.5
	  	 Trustee’s Disclaimer
	  	 39

	
	             Section
6.6
	  	 Notice of Defaults
	  	 39

	
	             Section
6.7
	  	 Reports by Trustee to Holders
	  	 40

	
	             Section
6.8
	  	 Securityholder Lists
	  	 40

	
	             Section
6.9
	  	 Compensation and Indemnity
	  	 40

	
	             Section 6.10
	  	 Replacement of Trustee
	  	 41

	
	             Section
6.11
	  	 Acceptance of Appointment by Successor
	  	 43

	
	             Section
6.12
	  	 Eligibility; Disqualification
	  	 44

	
	             Section
6.13
	  	 Merger, Conversion, Consolidation or Succession to Business
	  	 44

	
	             Section
6.14
	  	 Appointment of Authenticating Agent
	  	 44

	
	             Section
6.15
	  	 Trustee’s Application for Instructions From the Company
	  	 46

	
	 ARTICLE 7        Consolidation,
Merger or Sale by the Company
	  	 46

	
	 ARTICLE 8        Supplemental
Indentures
	  	 47

	
	             Section
8.1
	  	 Supplemental Indentures Without Consent of Holders
	  	 47

	
	             Section
8.2
	  	 With Consent of Holders
	  	 48

	
	             Section
8.3
	  	 Compliance With Trust Indenture Act
	  	 49

	
	             Section
8.4
	  	 Execution of Supplemental Indentures
	  	 49

	
	             Section
8.5
	  	 Effect of Supplemental Indentures
	  	 49

	
	             Section
8.6
	  	 Reference in Securities to Supplemental Indentures
	  	 49

	
	 ARTICLE
9        Covenants
	  	 50

	
	             Section
9.1
	  	 Payment of Principal, Premium, if Any, and Interest
	  	 50

	
	             Section
9.2
	  	 Maintenance of Office or Agency
	  	 50

	
	             Section
9.3
	  	 Money for Securities to Be Held in Trust; Unclaimed Money
	  	 50

	
	             Section
9.4
	  	 Corporate Existence
	  	 51

	
	             Section
9.5
	  	 Insurance
	  	 52

 

iv 

TABLE OF CONTENTS 
(continued) 
 

	 	  	 	  	 Page

	
	             Section 9.6
	  	 Reports by the Company
	  	 52

	
	             Section
9.7
	  	 Annual Review Certificate; Notice of Default
	  	 52

	
	             Section
9.8
	  	 Provision of Financial Statements
	  	 53

	
	 ARTICLE 10        Redemption
	  	 53

	
	             Section
10.1
	  	 Applicability of Article
	  	 53

	
	             Section
10.2
	  	 Election to Redeem; Notice to Trustee
	  	 53

	
	             Section
10.3
	  	 Selection of Securities to Be Redeemed
	  	 54

	
	             Section
10.4
	  	 Notice of Redemption
	  	 54

	
	             Section
10.5
	  	 Deposit of Redemption Price
	  	 55

	
	             Section
10.6
	  	 Securities Payable on Redemption Date
	  	 55

	
	             Section 10.7
	  	 Securities Redeemed in Part
	  	 56

	
	 ARTICLE 11        Sinking
Funds
	  	 56

	
	             Section
11.1
	  	 Applicability of Article
	  	 56

	
	             Section
11.2
	  	 Satisfaction of Sinking Fund Payments With Securities
	  	 56

	
	             Section
11.3
	  	 Redemption of Securities for Sinking Fund
	  	 57

 

v 

 
INDENTURE,
dated as of                 , 200  , from ICOS CORPORATION, a Delaware corporation (the “Company”), as issuer, to
                                        ,
a                          corporation, as Trustee (the “Trustee”). 
 
RECITALS 
 
The Company has duly authorized the execution and delivery of
this Indenture to provide for the issuance from time to time of its unsecured debentures, notes or other evidences of indebtedness (“Securities”) to be issued in one or more series as herein provided. 
 
All things necessary to make the Securities, when executed by
the Company, the valid obligations of the Company, and to make this Indenture a valid agreement of the Company, in accordance with their and its terms, have been done. 
 
For and in consideration of the premises and the purchase of the Securities by the Holders (as hereinafter
defined) thereof, it is mutually covenanted and agreed as follows for the equal and ratable benefit of the Holders of the Securities: 
 
ARTICLE 1 
 
Definitions and Other Provisions of General Application 
 

	Section 1.1	 	Definitions 

 
(a) For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 
 
(1) the terms defined in this Article have
the meanings assigned to them in this Article and include the plural as well as the singular; 
 
(2) all other terms used herein that are defined in the Trust Indenture Act, either directly or by reference therein, have
the meanings assigned to them therein; 
 
(3) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles; and 
 
(4) the words “herein,” “hereof” and “hereunder” and other
words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 
 
“Affiliate” of any specified Person means any 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” when used with, respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly,
whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
 
“Agent” means any Paying Agent or Registrar. 

 
Authenticating
Agent” means any authenticating agent appointed by the Trustee pursuant to Section 6.13. 
 
“Board” or “Board of Directors” means the Board of Directors of the Company, the executive committee or any other duly authorized committee thereof. 
 
“Board Resolution” means a copy of a resolution of
the Board of Directors certified by the Corporate Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the
Trustee. 
 
“Business Day,” when used
with respect to any Place of Payment or any other particular location referred to in this Indenture or in the Securities, means, unless otherwise specified with respect to any Securities pursuant to Section 3.1, each Monday, Tuesday, Wednesday,
Thursday and Friday that is not a day on which banking institutions in that Place of Payment or particular location are authorized or obligated by law or executive order to close. 
 
“Commission” means the Securities and Exchange Commission, as from time to time constituted,
created under the Exchange Act, or, if at any time after the execution of this Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time.

 
“Company” means the Person named as
the Company in the introductory paragraph of this Indenture until one or more successor corporations shall have become such pursuant to the applicable provisions of this Indenture, and thereafter means such successors. 
 
“Company Order” and “Company Request”
mean, respectively, a written order or request signed in the name of the Company by the Chairman of the Board, the Chief Executive Officer, the President or any Vice President or, with respect to Sections 3.3, 3.4, 3.5 and 6.1, any other employee of
the Company named in an Officers’ Certificate delivered to the Trustee. 
 
“Corporate Trust Office” means the principal office of the Trustee at which at any particular time its corporate trust business shall be principally administered. 
 
“corporation” includes corporations, associations,
companies and business trusts. 
 
“Default” means any event that is, or after notice or passage of time, or both, would be, an Event of Default. 
 
“Exchange Act” means the Securities Exchange Act of 1934, as amended, and all the rules and regulations promulgated thereunder.

 
“Government Obligations” means
securities that are (i) direct obligations of the United States or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States, the payment of which is unconditionally guaranteed as a full
faith and credit obligation by the United States, which are not callable or redeemable at the option of the issuer thereof, and shall also include a depositary receipt issued by a bank or trust 

 

2 

company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of any such Government
Obligation held by such custodian for the account of the holder of a depositary receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary
receipt from any amount received by the custodian in respect of the Government Obligation evidenced by such depositary receipt. 
 
“Holder” means a person in whose name a Security is registered on the Register. 
 
“Indenture” means this Indenture as originally
executed or as amended or supplemented from time to time and shall include the forms and terms (but not defined terms established in an Officers’ Certificate or a Board Resolution) of particular series of Securities established as contemplated
by Section 2.1 and 3.1. 
 
“Indexed
Security” means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more or less than the principal face amount thereof at original issuance. 
 
“interest,” when used with respect to an Original
Issue Discount Security which by its terms bears interest only after maturity, means interest payable after maturity. 
 
“Interest Payment Date,” when used with respect to any Security, means the Stated Maturity of an installment of interest on such
Security. 
 
“Maturity,” when used with
respect to any Security, means the date on which the principal of such Security or an 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 or otherwise. 
 
“Officer”
means the Chairman of the Board of Directors, the President, any Executive Vice President, any Senior Vice President, any Vice President or the Corporate Secretary of the Company. 
 
“Officers’ Certificate” means a certificate signed by the Chairman of the Board, the Chief
Executive Officer, the President or any Vice President. 
 
“Opinion of Counsel” means a written opinion of legal counsel, who may be (i) the senior attorney employed by the Company, (ii) Orrick, Herrington & Sutcliffe LLP, or (iii) other counsel designated by the Company and
who shall be reasonably acceptable to the Trustee. 
 
“Original Issue 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 5.2. 
 
“Outstanding,” when used
with respect to Securities, means, as of the date of determination, all Securities theretofore authenticated and delivered under this Indenture, except: 
 

3 

 
(i) Securities theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; 
 
(ii) Securities, or portions thereof, the payment or redemption money of which in the necessary amount has been
theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Securities, provided that, if
such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provisions therefor satisfactory to the Trustee have been made; 
 
(iii) Securities, except to the extent provided in Sections 4.4 and 4.5, with respect to
which the Company has effected defeasance and/or covenant defeasance as provided in Article 4; and 
 
(iv) Securities that have been paid pursuant to Section 3.6 or in exchange for or in lieu of which other Securities have
been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in whose
hands such Securities are valid obligations of the Company; 
 
provided, however, that in determining whether the Holders of the requisite principal amount of the Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, or whether
sufficient funds are available for redemption or for any other purpose, and for the purpose of making the calculations required by Section 313 of the Trust Indenture Act, (y) the principal amount of any Original Issue Discount Securities that may be
counted in making such determination or calculation and that shall be deemed to be Outstanding for such purpose shall be equal to the amount of principal thereof that would be (or shall have been declared to be) due and payable, at the time of such
determination, upon a declaration of acceleration of the maturity thereof pursuant to Section 5.2, and (z) Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor shall be
disregarded and deemed not to be outstanding, except that, in determining whether the Trustee shall be protected in making such calculation or in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only
Securities that the Trustee knows to be so owned shall be so disregarded. Securities so owned that have been pledged in good faith may be regarded as outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right
so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor. 
 
“Paying Agent” means any Person authorized by the Company to pay the principal of, premium, if any,
or interest on any Securities on behalf of the Company. 
 
“Periodic Offering” means an offering of Securities of a series from time to time the specific terms of which Securities, including, without limitation, the rate or rates of interest or formula for determining the rate or
rates of interest thereon, if any, the Stated Maturity or Stated Maturities thereof, the original issue date or dates thereof, the redemption provisions, if any, with 

 

4 

respect thereto, and any other terms specified as contemplated by Section 3.1 with respect thereto, are to be determined by the Company upon
the issuance of such Securities. 
 
“Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 
“Place of Payment,” when used with respect to the
Securities of or within any series, means the place or places where, subject to the provisions of Section 9.2, the principal of, premium, if any, and interest on such Securities are payable as specified as contemplated by Section 3.1. 
 
“Predecessor Security” of any particular Security
means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.6 in exchange for or in lieu
of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
 
“Redemption Date,” when used with respect to any Security to be redeemed, means the date fixed for such redemption by or
pursuant to this Indenture. 
 
“Redemption
Price,” when used with respect to any Security to be redeemed, in whole or in part, means the price at which it is to be redeemed pursuant to this Indenture. 
 
“Regular Record Date” for the interest payable on any Interest Payment Date on the Securities of or
within any series means the date specified for that purpose as contemplated by Section 3.1. 
 
“Responsible Officer,” when used with respect to the Trustee, means the chairman or any vice chairman of the board of directors, the chairman or any vice chairman of the executive committee
of the board of directors, the chairman of the trust committee, the president, any senior vice president, any vice president, any assistant vice president, the secretary, the treasurer, any assistant treasurer, the cashier, any assistant cashier,
any senior trust officer, any trust officer, the controller, any assistant controller, or any other officer of the Trustee customarily performing functions similar to those performed by the persons who at the time shall be such officers,
respectively, and also means, with respect to a particular corporate trust matter, any other officer to whom such corporate trust matter is referred because of his or her knowledge of and familiarity with the particular subject. 
 
“Security” or “Securities” has the meaning
stated in the first recital of this Indenture and more particularly means any Security or Securities of the Company issued, authenticated and delivered under this Indenture. 
 
“Special Record Date” for the payment of any Defaulted Interest on the Securities of any issue
means a date fixed by the Trustee pursuant to Section 3.7. 
 

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“Stated Maturity,” when used with respect to any Security or any installment of
principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable. 
 
“Subsidiary” means any corporation of which the
Company at the time owns or controls, directly or indirectly, more than 50% of the shares of outstanding stock having general voting power under ordinary circumstances to elect a majority of the board of directors of such corporation (irrespective
of whether or not at the time stock of any other class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency). 
 
“Trustee” means the party named as such in the introductory paragraph of this Indenture until a
successor Trustee replaces it pursuant to the applicable provisions of this Indenture, and thereafter means such successor Trustee and if, at any time, there is more than one Trustee, “Trustee” as used with respect to the Securities of any
series shall mean the Trustee with respect to the Securities of that series. 
 
“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, as in effect on the date of this Indenture, except as provided in Section 8.3. 
 
“Yield to Maturity” means the yield to maturity,
calculated by the Company at the time of issuance of a series of Securities or, if applicable, at the most recent determination of interest on such series, in accordance with accepted financial practice. 
 
(b) The following terms shall have the meanings specified in
the Sections referred to opposite such term below: 
 

	 Term

	  	 Section

	 
	 “Act”
	  	 1.4
	 (a)

	 “Bankruptcy Law”
	  	 5.1
	  

	 “Custodian”
	  	 5.1
	  

	 “Defaulted Interest”
	  	 3.7
	 (b)

	 “Event of Default”
	  	 5.1
	  

	 “Register”
	  	 3.5
	  

	 “Registrar”
	  	 3.5
	  

 

	Section 1.2	 	Compliance Certificates and Opinions 

 
Upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall
furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such
counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is 

 

6 

specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or
opinion need be furnished. 
 
Every certificate or
opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than pursuant to Sections 2.3, 3.3 and 9.7) shall include: 
 
(a) a statement that each individual signing such certificate or opinion has read such
condition or covenant and the definitions herein relating thereto; 
 
(b) 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; 
 
(c) a statement that, in the opinion of each
such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such condition or covenant has been complied with; and 
 
(d) a statement as to whether, in the opinion
of each such individual, such condition or covenant has been complied with. 
 

	Section 1.3	 	Form of Document Delivered to Trustee 

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

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	Section 1.4	 	Acts of Holders 

 
(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken
by the Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing. Except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes
referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and conclusive in
favor of the Trustee and the Company, if made in the manner provided in this Section. 
 
(b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other
officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer acting in a capacity other than his
individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved
in any other reasonable manner that the Trustee deems sufficient. 
 
(c) The ownership of Securities shall be proved by the Register. 
 
(d) Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the same Security and the holder of every
Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such
action is made upon such Security. 
 
(e) If the
Company shall solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, by or pursuant to an Officers’ Certificate delivered to the Trustee, fix in advance a
record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. If such a record date is fixed, such request,
demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the close of business on such record date shall be deemed to be Holders for the purpose of
determining whether Holders of the requisite proportion of Outstanding Securities have authorized, agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the Outstanding
Securities shall be computed as of such record date; provided, however, that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of
clause (a) of this Section 1.4 not later than 180 days after the record date. 
 

8 

	Section 1.5	 	Notices, Etc., to Trustee and Company 

 
Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this
Indenture to be made upon, given or furnished to, or filed with, 
 
(a) the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing to or with the Trustee at its Corporate Trust Office,
Attention: Corporate Trust Trustee Administration, or 
 
(b) the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the Company addressed to
it at ICOS Corporation, 22021—20th Avenue Southeast, Bothell, Washington 98021, Attention: Corporate Secretary or at any other address previously furnished in writing to the Trustee by the Company. 
 

	Section 1.6	 	Notice to Holders; Waiver 

 
Where this Indenture provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein
expressly provided or otherwise agreed to by a Holder) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at his address as it appears in the Register, within the time prescribed for the giving of such
notice. 
 
In any case where notice to Holders is
given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. Any notice mailed to a Holder in the manner herein
prescribed shall be conclusively deemed to have been received by such Holder, whether or not such Holder actually receives such notice. 
 
If by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice as
provided above, then such notification as shall be made with the approval of the Trustee shall constitute sufficient notification for every purpose hereunder. 
 
Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such
notice, either before or after the event, and such waiver shall be equivalent to such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver. 
 

	Section 1.7	 	Headings and Table of Contents 

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

 

9 

	Section 1.8	 	Successors and Assigns 

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

 

	Section 1.9	 	Separability 

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

	Section 1.10	 	Benefits of Indenture 

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

	Section 1.11	 	Governing Law 

 
THIS INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. This Indenture
is subject to the provisions of the Trust Indenture Act that are required to be part of this Indenture and shall, to the extent applicable, be governed by such provisions. 
 

	Section 1.12	 	Conflict of Any Provision of Indenture With Trust Indenture Act 

 
If and to the extent that any provision of this Indenture limits, qualifies or conflicts with any provision
(an “incorporated provision”) required by or deemed to be included in this Indenture by operation of the Trust Indenture Act, such imposed duties or incorporated provisions shall control. If any provision of this Indenture modifies or
excludes any provision of the Trust Indenture Act that may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or excluded, as the case may be. 
 

	Section 1.13	 	No Recourse Against Others 

 
A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company
under the Securities or this Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder by accepting any of the Securities waives and releases all such liability. 
 

	Section 1.14	 	Waiver of Trial by Jury 

 
The Company, the Trustee and the Holders hereby irrevocably and unconditionally waive the right to trial by jury in connection with any
claim arising out of or relating to the Securities and under this Indenture. 
 

10 

	Section 1.15	 	Counterparts 

 
This Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together
constitute but one instrument. 
 

	Section 1.16	 	Legal Holidays 

 
In any case where any Interest Payment Date, Redemption Date, sinking fund payment date, Stated Maturity or Maturity of any Security shall
not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or any Security other than a provision in the Securities of any series that specifically states that such provision shall apply in lieu of
this Section) payment of principal, premium, if any, or interest need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on such
date; provided, however, that no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date, Redemption Date, sinking fund payment date, Stated Maturity or Maturity, as the case may be. 
 
ARTICLE 2 
 
Security Forms 
 

	Section 2.1	 	Forms Generally 

 
The Securities of each series shall be in substantially the form set forth in this Article, or in such other form or forms as shall be
established by delivery to the Trustee of an Officers’ Certificate or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by
this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or as may, consistently herewith, be
determined by the Officers executing such Securities as evidenced by their execution of the Securities. If temporary Securities of any series are issued as permitted by Section 3.4, the form thereof also shall be established as provided in the
preceding sentence. If the form of Securities of any series are established by an Officers’ Certificate, such Officers’ Certificate shall be delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section
3.3 for the authentication and delivery of such Securities. 
 
The permanent Securities shall be printed, lithographed or engraved or produced by any combination of these methods or may be produced in any other manner, all as determined by the Officers executing such Securities as evidenced by
their execution of such Securities. 
 

	Section 2.2	 	Form of Face of Security 

 
[If the Security is an Original Issue Discount Security, insert FOR PURPOSES OF SECTIONS 1273 AND 1275 OF THE UNITED STATES INTERNAL
REVENUE CODE, THE AMOUNT OF ORIGINAL ISSUE DISCOUNT ON THIS SECURITY IS         % OF ITS 

 

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PRINCIPAL AMOUNT AND THE ISSUE DATE IS
                , 200   [, — AND] THE YIELD TO MATURITY IS         %. [THE METHOD USED TO
DETERMINE THE YIELD IS                      AND THE AMOUNT OF ORIGINAL ISSUE DISCOUNT APPLICABLE TO THE SHORT ACCRUAL PERIOD OF
                , 200   TO
                        , 200   IS         % OF THE
PRINCIPAL AMOUNT OF THIS SECURITY.]] 
 
ICOS
CORPORATION 
 

	 $
            
	  	 No.         

 
ICOS
CORPORATION, a corporation duly organized and existing under the laws of the state of Delaware (herein called the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for value received,
hereby promises to pay to
                                        
         or registered assigns, the principal sum of                      Dollars ($
            ) on                 . [If the Security is to bear interest prior to Maturity,
                                        
            , and to pay interest thereon from
                                 or from the most recent Interest Payment Date to
which interest has been paid or duly provided for, semiannually on                  and
                 in each year, commencing                 , [If the
Security is to bear interest at a fixed rate, at the rate of             % per annum] [if the Security is to bear interest at an adjustable rate, at a rate per annum computed or
determined in accordance with the provisions below], until the principal hereof is paid or made available for payment [If applicable, insert—and (to the extent that the payment of such interest shall be legally enforceable) at the rate of
        % per annum on any overdue principal and premium and on any overdue installment of interest]. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date
will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the
             or (whether or not a Business Day), as the case may be, the next Business Day preceding such Interest Payment Date. Any such interest not so punctually paid or duly
provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other
lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture].

 
[If the Security is not to bear interest prior
to Maturity, insert—The principal of this Security shall not bear interest except in the case of a default in payment of principal upon acceleration or redemption or at the Stated Maturity and, in such case, the overdue principal of this
Security shall bear interest at the rate of         % per annum (to the extent that the payment of such interest shall be legally enforceable), which shall accrue from the date of such default in
payment to the date payment of such principal has been made or duly provided for. Interest on any overdue principal shall be payable on demand. Any such interest on any overdue principal 

 

12 

that is not so paid on demand shall bear interest at the rate of         % per annum (to the
extent that the payment of such interest shall be legally enforceable), which shall accrue from the date of such demand for payment to the date payment of such interest has been made or duly provided for, and such interest shall also be payable on
demand.] Payment of the principal of (and premium, if any, on) and [If applicable, insert—any such] interest on this Security will be made at the office or agency of the Company maintained for that purpose in the city and state of New York in
such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts [if applicable insert; provided, however, that at the option of the Company payment of interest may be made by
check mailed on or before the relevant Interest Payment Date to the address of the Person entitled thereto as such address shall appear in the Register]. 
 
Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place. 
 
Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory
for any purpose. 
 
IN WITNESS WHEREOF, the Company
has caused this instrument to be duly executed. 
 
Dated:                               
 

	 ICOS CORPORATION

	
	 By:
	 	  

	 	 	 

 
Attest:                      
 

	Section 2.3	 	Form of Reverse of Security 

 
This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”) issued and to be
issued in one or more series under an Indenture, dated as of                 , 200     (herein called the “Indenture”),
between the Company (which term includes any successor corporation under the Indenture) and
                                        
    , as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture with respect to the series of which this Security is a part), to which the Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities
are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof[, limited in aggregate principal amount to $
                    ]. [If applicable, insert—The Securities of this series are subject to redemption upon not less than 30 days’
notice by mail, [if applicable, insert—(1) on                  in any year commencing with the year
                 and ending with the year                  at a Redemption
Price equal to         % of the principal amount 

 

13 

and (2)] at any time [on or after 200  ], as a whole or in part, at the election of the Company, at the following Redemption
Prices (expressed as percentages of the principal amount): If redeemed [on or before                 ,         %,
and if redeemed] during the 12-month period beginning                  of the years indicated, 
 

	 Year

	    	 Redemption Price

	  	 Year

	    	 Redemption Price

	 	    	 	  	 	    	 
	 	    	 	  	 	    	 

 
and thereafter at a
Redemption Price equal to     % of the principal amount, together in the case of any such redemption with accrued interest to the Redemption Date, but interest installments whose Stated Maturity is on or prior to such
Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Regular Record Dates referred to on the face hereof, all as provided in the Indenture.] [If
applicable, insert—The Securities of this series are subject to redemption upon not less than 30 days’ notice by mail, (1) on                  in any
year commencing with the year                  and ending with the year
                 through operation of the sinking fund for this series at the Redemption Prices for redemption through operation of the sinking fund (expressed as
percentages of the principal amount) set forth in the table below and (2) at any time [on or after                 ], as a whole or in part, at the election of
the Company, at the Redemption Prices for redemption otherwise than through operation of the sinking fund (expressed as percentages of the principal amount) set forth in the table below: If redeemed during the 12-month period beginning
                 of the years indicated, 
 

	 Year

	    	 Redemption Price for Redemption Through Operation of the Sinking
Fund

	    	 Redemption Price for Redemption Otherwise
Than Through Operation of the Sinking
Fund

	 	    	 	    	 
	 	    	 	    	 

 
and thereafter at a
Redemption Price equal to         % of the principal amount, together in the case of any such redemption (whether through operation of the sinking fund or otherwise) with accrued interest to the
Redemption Date, but interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant
Regular Record Dates referred to on the face hereof, all as provided in the Indenture.] 
 
[Notwithstanding the foregoing, the Company may not, prior to                 , redeem any Securities of this
series as contemplated by [clause (2) of] the preceding paragraph as a part of, or in anticipation of, any refunding operation by the application, directly or indirectly, of moneys borrowed having an interest cost to the Company (calculated in
accordance with generally accepted financial practice) of less than         % per annum.] 
 
[The sinking fund for this series provides for the redemption on
                 in each year beginning with the year                  and
ending with the year                  of [not less than] $                
[(“mandatory sinking fund”)] and not more than $                 aggregate principal amount of Securities of this series. [Securities of this series
acquired or 
 

14 

redeemed by the Company otherwise than through [mandatory] sinking fund payments may be credited against subsequent [mandatory] sinking fund
payments otherwise required to be made in the [describe order] order in which they become due.]] 
 
[In the event of redemption of this Security in part only, a new Security or Securities of this series for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the
cancellation hereof.] 
 
[If applicable,
insert—The Securities of this series are subject to the covenant defeasance provisions set forth in Article Four of the Indenture.] 
 
[If the Security is not an Original Issue Discount Security, insert—If an Event of Default with respect to Securities of this series
shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture.] 
 
[If the Security is an Original Issue Discount Security, insert—If an Event of Default with respect to
Securities of this series shall occur and be continuing, an amount of principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. Such amount shall be equal to—insert
formula for determining the amount. Upon payment (i) of the amount of principal so declared due and payable and (ii) of interest on any overdue principal and overdue interest (in each case to the extent that the payment of such interest shall be
legally enforceable), all of the Company’s obligations in respect of the payment of the principal of and interest, if any, on the Securities of this series shall terminate.] 
 
The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the
modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in
principal amount of the Outstanding Securities of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Outstanding Securities of each series, on behalf of the
Holders of all Outstanding Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this
Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange or in lieu hereof, whether or not notation of such consent or
waiver is made upon this Security. 
 
No reference
herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the amount of principal of (and premium, if any, on) and interest, if any,
on this Security herein provided, and at the times, place and rate, and in the coin or currency, herein prescribed. 
 
As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the
Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of 

 

15 

(and premium, if any, on) and interest, if any, on this Security are payable, duly endorsed by, or accompanied by a written instrument of
transfer in form satisfactory to the Company and the Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series, of authorized denominations and for the same
aggregate principal amount, will be issued to the designated transferee or transferees. 
 
The Securities of this series are issuable only in registered form without coupons in denominations of
$                 and any integral multiple thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series
are exchangeable for a like aggregate principal amount of Securities of this series of different authorized denominations as requested by the Holder surrendering the same. 
 
No service charge shall be made for any such registration of transfer or exchange, but the Company may
require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 
Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the
Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company nor the Trustee nor any such agent shall be affected by notice to the
contrary. 
 
All terms used in this Security that
are defined in the Indenture shall have the meanings assigned to them in the Indenture. 
 

	Section 2.4	 	Form of Trustee’s Certificate of Authentication 

 
The Trustee’s certificate of authentication shall be in substantially the following form: 
 
This is one of the Securities of a series issued under the
within-mentioned Indenture. 
 

16 

	
	

	 as Trustee

 

	
	 By:
	 	  

	 	 	 Authorized Signatory

 
ARTICLE 3 
 
The
Securities 
 

	Section 3.1	 	Amount Unlimited; Issuable in Series 

 
(a) The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities
may be issued from time to time in one or more series. 
 
(b) The following matters shall be established and (subject to Section 3.3) set forth, or determined in the manner provided, in an Officers’ Certificate and a Board Resolution of the Company or one or more indentures
supplemental hereto: 
 
(1) the
title of the Securities of the series (which title shall distinguish the Securities of the series from all other Securities); 
 
(2) any limit upon the aggregate principal amount of the Securities of the series that may be authenticated and delivered
under this Indenture (which limit shall not pertain to (i) Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 3.4, 3.5, 3.6, 8.6, or 10.7 and
(ii) any Securities that, pursuant to the last paragraph of Section 3.3, are deemed never to have been authenticated and delivered thereunder); 
 
(3) the date or dates on which the principal of the Securities of the series is payable or the method of determination
thereof; 
 
(4) the rate or rates
at which the Securities of the series shall bear interest, if any, or the method of calculating such rate or rates of interest, the date or dates from which such interest shall accrue or the method by which such date or dates shall be determined,
the Interest Payment Dates on which any such interest shall be payable and the Regular Record Date, if any, for the interest payable on any Interest Payment Date; 
 
(5) the place or places where, subject to the provisions of Section 9.2, the principal of,
premium, if any, and interest, if any, on Securities of the series shall be payable; 
 

17 

(6) the period or periods within which, the price or prices at which, and
the other terms and conditions upon which, Securities of the series may be redeemed, in whole or in part, at the option of the Company and, if other than as provided in Section 10.3, the manner in which the particular Securities of such series (if
less than all Securities of such series are to be redeemed) are to be selected for redemption; 
 
(7) the obligation, if any, of the Company to redeem or purchase Securities of the series pursuant to any sinking fund or
analogous provisions or upon the happening of a specified event or at the option of a Holder thereof and the period or periods within which, the price or prices at which, and the other terms and conditions upon which, Securities of the series shall
be redeemed or purchased, in whole or in part, pursuant to such obligation; 
 
(8) if other than denominations of $1,000 and any integral multiple thereof, the denominations in which Securities of the series shall be issuable; 
 
(9) if the amount of payments or principal
of, premium, if any, and interest, if any, on the Securities of the series shall be determined with reference to an index, formula or other method, the index, formula or other method by which such amounts shall be determined; 
 
(10) if other than the principal amount
thereof, the portion of the principal amount of such Securities of the series that shall be payable upon declaration of the acceleration thereof pursuant to Section 5.2 or the method by which such portion shall be determined; 
 
(11) if other than as provided in Section
3.7, the Person to whom any interest on any Security of the series shall be payable and the extent to which, or the manner in which (including any certification requirement and other terms and conditions under which), any interest payable on a
temporary Security on an Interest Payment Date will be paid if other than in the manner provided in Section 3.4, as applicable; 
 
(12) provisions, if any, granting special rights to the Holders of Securities of the series upon the occurrence of such
events as may be specified; 
 
(13) any deletions from, modifications of or additions to the Events of Default set forth in Section 5.1 or covenants of the Company set forth in Article 9 pertaining to the Securities of the series; 
 
(14) under what circumstances, if any, the
Company will pay additional amounts on the Securities of that series held by a Person who is not a U.S. Person in respect of taxes or similar charges withheld or deducted 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); 
 
(15) the date as of which any temporary Security representing outstanding Securities of the series shall be dated if other than the date of original issuance of the first Security of the series to be
issued; 
 

18 

(16) the applicability, if any, to the Securities of or within the series
of Sections 4.4 and 4.5, or such other means of defeasance or covenant defeasance as may be specified for the Securities of such series; 
 
(17) if other than the Trustee, the identity of the Registrar and any Paying Agent; 
 
(18) any terms that may be related to
warrants issued by the Company in connection with, or for the purchase of, Securities of such series, including whether and under what circumstances the Securities of any series may be used toward the exercise price of any such warrants; and

 
(19) any other terms of the
series (which terms shall not be inconsistent with the provisions of this Indenture), including any terms that may be required by or advisable under United States laws or regulations or advisable in connection with the marketing of Securities of the
series. 
 
(c) All Securities of any one series
shall be substantially identical except as to denomination and the rate or rates of interest, if any, and Stated Maturity, the date from which interest, if any, shall accrue and except as may otherwise be provided in or pursuant to an Officers’
Certificate pursuant to this Section 3.1 or in an indenture supplemental hereto. All Securities of any one series need not be issued at the same time and, unless otherwise provided, a series may be reopened, without the consent of the Holders, for
issuances of additional Securities of such series or for the establishment of additional terms with respect to the Securities of such series. 
 
(d) If any of the terms of the Securities of any series are established by action taken pursuant to a Board Resolution, a copy of such
Board Resolution shall be certified by the Corporate Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate setting forth, or providing the manner for
determining, the terms of the Securities of such series, and an appropriate record of any action taken pursuant thereto in connection with the issuance of any Securities of such series shall be delivered to the Trustee prior to the authentication
and delivery thereof. With respect to Securities of a series subject to a Periodic Offering, such Board Resolution or Officers’ Certificate may provide general terms for Securities of such series and provide either that the specific terms of
particular Securities of such series shall be specified in a Company Order or that such terms shall be determined by the Company, or one or more of the Company’s agents designated in an Officers’ Certificate, in accordance with the Company
Order as contemplated by the third paragraph of Section 3.3 
 

	Section 3.2	 	Denominations 

 
The Securities of each series shall be issuable only in definitive registered form without coupons and in such denominations as shall be
specified as contemplated by Section 3.1. In the absence of any such provisions with respect to the Securities of any series, the Securities of such series shall be issuable in denominations of $1,000 and any integral multiple thereof. 
 

19 

	Section 3.3	 	Execution, Authentication, Delivery and Dating 

 
Securities shall be executed on behalf of the Company by the Chairman, President or Chief Executive Officer and attested to by the
Secretary of the Company. The Company’s seal shall be affixed to the Securities, or a facsimile of such seal shall be engraved, printed or otherwise reproduced on the Securities. The signatures of such Officers on the Securities may be manual
or facsimile signatures of the present or any future such authorized Officers and may be imprinted or otherwise reproduced on the Securities. 
 
Securities bearing the manual or facsimile signatures of individuals who were at any time the proper Officers of the Company shall bind
the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities. 
 
At any time and from time to time, the Company may deliver
Securities of any series executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and make available for delivery such Securities, and the Trustee, in accordance with the Company Order, shall
authenticate and deliver such Securities; provided, however, that in the case of Securities offered in a Periodic Offering, the Trustee shall authenticate and deliver such Securities from time to time in accordance with such other procedures
(including, without limitation, the receipt by the Trustee of oral or electronic instructions from the Company or its duly authorized agents, promptly confirmed in writing) acceptable to the Trustee as may be specified by or pursuant to a Company
Order delivered to the Trustee prior to the time of the first authentication of Securities of such series. 
 
If the form or terms of the Securities of a series have been established by or pursuant to one or more Officers’ Certificates as
permitted by Sections 2.1 and 3.1, in authenticating such Securities and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to Section 315(a) through
(d) of the Trust Indenture Act) shall be fully protected in relying upon, an Opinion of Counsel stating that, 
 
(a) the forms and terms of such Securities have been established in conformity with the provisions of this Indenture and

 
(b) such Securities, when
authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Company, enforceable in accordance
with their terms, subject to customary exceptions; 
 
provided, however, that, with respect to Securities of a series subject to a Periodic Offering, the Trustee shall be entitled to receive such Opinion of Counsel only once at or prior to the time of the first authentication of
Securities of such series and that the Opinion of Counsel above may state: 
 
(y) that the forms of such Securities have been, and the terms of such Securities (when established in accordance with such procedures as may be specified from time 

 

20 

to time in a Company Order, all as contemplated by and in accordance with a Board Resolution or an Officers’ Certificate pursuant to
Section 3.1, as the case may be) will have been, established in conformity with the provisions of this Indenture; and 
 
(z) that such Securities, when (1) executed by the Company, (2) completed, authenticated and delivered by the Trustee in
accordance with this Indenture, and (3) issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Company, enforceable in accordance with
their terms, subject to customary exceptions. 
 
With respect to Securities of a series subject to a Periodic Offering, the Trustee may conclusively rely, as to the authorization by the Company of any of such Securities, the form and terms thereof and the legality, validity,
binding effect and enforceability thereof, upon the Opinion of Counsel and other documents delivered pursuant to Sections 2.1 and 3.1, as applicable, at or prior to the time of the first authentication of Securities of such series unless and until
it has received written notification that such Opinion of Counsel or other documents have been superseded or revoked. In connection with the authentication and delivery of Securities of a series subject to a Periodic Offering, the Trustee shall be
entitled to assume that the Company’s instructions to authenticate and deliver such Securities do not violate any rules, regulations or orders of any governmental agency or commission having jurisdiction over the Company. 
 
If the form or terms of the Securities of a series have been
established by or pursuant to one or more Officers’ Certificates as permitted by Sections 2.1 and 3.1, the Trustee shall have the right to decline to authenticate such Securities if the issue of such Securities pursuant to this Indenture will
adversely affect the Trustee’s own rights, duties or immunities under this Indenture or otherwise in a manner that is not reasonably acceptable to the Trustee. 
 
Notwithstanding the provisions of Section 3.1 and of the two preceding paragraphs, if all of the Securities
of any series are not to be issued at one time, it shall not be necessary to deliver the Officers’ Certificate otherwise required pursuant to Section 3.1 at or prior to the time of the authentication of each Security of such series if the
Officers’ Certificate is delivered at or prior to the authentication upon original issuance of the first Security of such series to be issued. 
 
Each Security shall be dated the date of its authentication. 
 
No Security shall be entitled to any benefits under this Indenture or be valid or obligatory for any purpose
until authenticated by the manual signature of one of the authorized signatories of the Trustee or an Authenticating Agent. Such signature upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly
authenticated and delivered under this Indenture and is entitled to the benefits of this Indenture. 
 
Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the
Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 3.9, together with a written statement (which need not comply with Section 1.2 and need not be accompanied by an Opinion of Counsel) stating
that such Security has never been issued and sold by the Company, for all 

 

21 

purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall not be entitled
to the benefits of this Indenture. 
 

	Section 3.4	 	Temporary Securities 

 
Pending the preparation of definitive Securities of any series, the Company may execute and, upon Company Order, the Trustee shall
authenticate and deliver temporary Securities of such series that are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor and form of the definitive Securities in lieu of
which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the Officers executing such Securities may determine, as conclusively evidenced by their execution of such Securities. 
 
If temporary Securities of any series are issued, the Company
will cause permanent Securities of such series to be prepared without unreasonable delay. After preparation of such permanent Securities, the temporary Securities shall be exchangeable for such permanent Securities of like tenor upon surrender of
the temporary Securities of such series at the office or agency of the Company pursuant to Section 9.2 in a Place of Payment for such series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of
any series, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of permanent Securities of the same series of authorized denominations and of like tenor. Until so exchanged, the
temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as permanent Securities of such series except as otherwise specified as contemplated by Section 3.1. 
 

	Section 3.5	 	Registration, Registration of Transfers and Exchanges 

 
The Company shall cause to be kept at the Corporate Trust Office of the Trustee or in any office or agency to be maintained by the Company
in accordance with Section 9.2 in a Place of Payment a register (the “Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Securities and the registration of
transfers of Securities. The Register shall be in written form or any other form capable of being converted into written form within a reasonable time. The Trustee is hereby appointed “Registrar” for the purpose of registering Securities
and transfers of Securities as herein provided. 
 
Upon surrender for registration of transfer of any Security of any series at the office or agency maintained pursuant to Section 9.2 in a Place of Payment for that series, the Company shall execute, and the Trustee shall authenticate
and deliver, in the name of the designated transferee or transferees, one or more new Securities of the same series, of any authorized denominations and of a like aggregate principal amount and tenor. 
 
At the option of the Holder, Securities of any series may be
exchanged for other Securities of the same series, of any authorized denominations and of like aggregate principal amount containing identical terms and provisions, upon surrender of the Securities to be exchanged at such office or agency. Whenever
any Securities are so surrendered for exchange, 

 

22 

the Company shall execute, and the Trustee shall authenticate and deliver, the Securities that the Holder making the exchange is entitled to
receive. 
 
Whenever any Securities are surrendered
for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities that the Holder making the exchange is entitled to receive. 
 
All Securities issued upon any registration of transfer or upon any exchange of Securities shall be the valid
obligations of the Company, evidencing the same debt and entitled to the same benefits under this Indenture as the Securities surrendered upon such registration of such transfer or exchange. 
 
Every Security presented or surrendered for registration of
transfer or for exchange shall (if so required by the Company, the Registrar or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to those of the Company, the Registrar and the Trustee
requiring such written instrument of transfer duly executed by the Holder thereof or his attorney duly authorized in writing. 
 
No service change shall be made for any registration of transfer or for any exchange of Securities, but the Company may require payment of
a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration, transfer or exchange of Securities, other than exchanges pursuant to Section 3.4 or 10.7 not involving any transfer.

 
The Company shall not be required to (i) issue,
register the transfer of, or exchange any Securities for a period beginning at the opening of business 15 days before any selection for redemption of Securities of like tenor and of the series of which such Security is a part and ending at the close
of business on the earliest date on which the relevant notice of redemption is deemed to have been given to all Holders of Securities of like tenor and of such series to be redeemed or (ii) register the transfer of or exchange of any Security so
selected for redemption, in whole or in part, except the unredeemed portion of any Security being redeemed in part. 
 
Each Holder agrees to indemnify the Company and the Trustee against any liability that may result from the transfer, exchange or
assignment of such Holder’s Security in violation of any provision of this Indenture and/or applicable United States federal or state securities law.  
 

	Section 3.6	 	Replacement Securities 

 
If a mutilated Security is surrendered to the Trustee, together with, in proper cases, such security or indemnity as may be required by
the Company or the Trustee to save each of them harmless, the Company shall execute and the Trustee shall authenticate and deliver a replacement Security of the same series and date of maturity, if the Trustee’s requirements are met.

 
If there shall be delivered to the Company and
the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security and (ii) such security or indemnity as may be required by them to save each of them and any agency of either of them harmless, then, 

 

23 

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

	Section 3.7	 	Payment of Interest; Interest Rights Preserved 

 
Unless otherwise provided as contemplated by Section 3.1, interest, if any, on any Security that is payable, and is punctually paid or
duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or
agency maintained for such purpose pursuant to Section 9.2; provided, however, that, at the option of the Company, interest on any series of Securities that bear interest may be paid (i) by check mailed to the address of the Person entitled thereto
as it shall appear on the Register of Securities of such series or (ii) to the extent specified as contemplated by Section 3.1, by wire transfer to an account maintained by the Person entitled thereto as specified in the Register of Securities of
such series. 
 
Unless otherwise provided as
contemplated by Section 3.1, any interest on any Security of any series that is payable, but is not punctually paid or duly provided for, on any interest payment date (herein called “Defaulted Interest”) shall forthwith cease to be payable
to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (a) or (a) below: 
 
(a) The Company may elect to make payment of
any Defaulted Interest to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) 

 

24 

are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the
following manner. The Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to
the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause (1) provided. Thereupon the Trustee shall fix a Special Record Date for the payment
of such Defaulted Interest that shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall
promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage
prepaid, to each Holder of Securities of such series at his address as it appears in the Register, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date
therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and
shall no longer be payable pursuant to the following clause (2). 
 
(b) The Company may make payment of any Defaulted Interest to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered at the close of
business on a specified date in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the
Company to the Trustee of the proposed payment pursuant to this clause (2), such manner of payment shall be deemed practicable by the Trustee. 
 
Subject to the foregoing provisions of this Section and Section 3.5, each Security delivered under this Indenture upon registration of
transfer of, or in exchange for, or in lieu of, any other Security shall carry the rights to interest accrued and unpaid, and to accrue, that were carried by such other Security. 
 

	Section 3.8	 	Persons Deemed Owners 

 
Prior to due presentment of any Security for registration of transfer, the Company, the Trustee and any agent of the Company or the
Trustee may treat the Person in whose name such Security is registered as the owner of such Security for the purpose of receiving payment of principal of, premium, if any, and (subject to Section 3.7) interest on such Security and for all other
purposes whatsoever, whether or not such Security be overdue, and none of the Company, the Trustee or any agent of the Company or the Trustee shall be affected by notice to the contrary. 
 

	Section 3.9	 	Cancellation 

 
The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and any Paying Agent shall forward to the
Trustee any Securities surrendered to them for replacement, for registration of transfer, or for exchange, payment, redemption or 

 

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cancellation. The Trustee shall cancel all Securities surrendered for replacement, for registration of transfer, or for exchange, payment,
redemption or cancellation and may dispose of cancelled Securities and issue a certificate of destruction to the Company. The Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation,
except as expressly permitted in the terms of Securities for any particular series or as permitted pursuant to the terms of this Indenture. 
 

	Section 3.10	 	Computation of Interest 

 
Except as otherwise specified as contemplated by Section 3.1 (i) interest on any Securities that bear interest at a fixed rate shall be
computed on the basis of a 360-day year consisting of 12 months of 30 days each and (ii) interest on any Securities that bear interest at a variable rate shall be computed on the basis of the actual number of days in an interest period divided by
360. 
 

	Section 3.11	 	CUSIP Numbers 

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

 
ARTICLE 4 
 
Satisfaction, Discharge and Defeasance 
 

	Section 4.1	 	Termination of Company’s Obligations Under the Indenture 

 
Except as otherwise provided as contemplated by Section 3.1, this Indenture shall upon Company Request cease
to be of further effect with respect to Securities of or within any series (except as to any surviving rights of registration of transfer or exchange of such Securities and replacement of such Securities that may have been lost, stolen or mutilated
as herein expressly provided for) and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to such Securities when 
 
(a) either 
 
(1) all such Securities previously
authenticated and delivered (other than (i) such Securities that have been lost, stolen or mutilated and that have been replaced or paid as provided in Section 3.6, and (ii) such Securities for whose payment money has theretofore been deposited in
trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 9.3) have been delivered to the Trustee for cancellation; or 

 

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(2) all Securities of such series not theretofore delivered to the Trustee for cancellation 
 
(i) have become due and payable, or 
 
(ii) will become due and payable at their Stated Maturity within one year, or 
 
(iii) if redeemable at the option of the
Company, are to be called for redemption within one year under arrangements satisfactory to the Trustee for giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, and the Company, in the case of (i), (ii) or
(iii) above, has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust for that purpose an amount sufficient to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee
for cancellation, for principal, premium, if any, and interest, with respect thereto, to the date of such deposit (in the case of Securities that have become due and payable) or to the Stated Maturity or Redemption Date, as the case may be;

 
(b) the Company has paid or
caused to be paid all other sums payable hereunder by the Company; and 
 
(c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and
discharge of this Indenture as to such series have been complied with. 
 
Notwithstanding the satisfaction and discharge of this Indenture, the obligation of the Company to the Trustee and any predecessor Trustee under Section 6.10, the obligations of the Company to any Authenticating Agent under Section
6.14 and, if money shall have been deposited with the Trustee pursuant to subclause (2) of clause (a) of this Section, the obligations of the Trustee under Section 4.2 and the last paragraph of Section 9.3 shall survive. 
 

	Section 4.2	 	Application of Trust Funds 

 
Subject to the provisions of the last paragraph of Section 9.3, all money deposited with the Trustee pursuant to Section 4.1 shall be held
in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to
the Persons entitled thereto, of the principal, premium, if any, and any interest for whose payment such money has been deposited with or received by the Trustee, but such money need not be segregated from other funds except to the extent required
by law. 
 

	Section 4.3	 	Applicability of Defeasance Provisions; Company’s Option to Effect Defeasance or Covenant Defeasance 

 
If pursuant to Section 3.1 provision is made for either or
both of (i) defeasance of the Securities of or within a series under Section 4.4 or (ii) covenant defeasance of the Securities of or within a series under Section 4.5, then the provisions of such Section or Sections, as the case 

 

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may be, together with the provisions of Sections 4.6 through 4.9 inclusive, with such modifications thereto as may be specified pursuant to
Section 3.1 with respect to any Securities, shall be applicable to such Securities, and the Company may at its option by Board Resolution, at any time, with respect to such Securities, elect to have Section 4.4 (if applicable) or Section 4.5 (if
applicable) be applied to such Outstanding Securities upon compliance with the conditions set forth below in this Article. 
 

	Section 4.4	 	Defeasance and Discharge 

 
Upon the Company’s exercise of the option specified in Section 4.3 applicable to this Section with respect to the Securities of or
within a series, the Company shall be deemed to have been discharged from its obligations with respect to such Securities on the date the conditions set forth in Section 4.6 are satisfied (hereinafter “defeasance”). For this purpose, such
defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Securities, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 4.7 and the other
Sections of this Indenture referred to in clause (ii) of this Section, and to have satisfied all of its other obligations under such Securities and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense of the
Company, shall on Company Order execute proper instruments acknowledging the same), except the following, which shall survive until otherwise terminated or discharged hereunder: (i) the rights of the Holders of such Securities to receive, solely
from the trust funds described in Section 4.6(a) and as more fully set forth in such Section, payments in respect of the principal of, premium, if any, and interest, if any, on such Securities when such payments are due; (ii) the Company’s
obligations with respect to such Securities under Sections 3.5, 3.6, 9.2 and 9.3 and with respect to the payment of additional amounts, if any, payable with respect to such Securities as specified pursuant to Section 3.1(b)(16); (iii) the rights,
powers, trusts, duties and immunities of the Trustee hereunder; and (iv) this Article 4. Subject to compliance with this Article 4, the Company may exercise its option under this Section notwithstanding the prior exercise of its option under Section
4.5 with respect to such Securities. Following a defeasance, payment of such Securities may not be accelerated because of an Event of Default. 
 

	Section 4.5	 	Covenant Defeasance 

 
Upon the Company’s exercise of the option specified in Section 4.3 applicable to this Section with respect to any Securities of or
within a series, the Company shall be released from its obligations under Sections 7.1, 9.4 and 9.5, and, if specified pursuant to Section 3.1, its obligations under any other covenant, with respect to such Securities on and after the date the
conditions set forth in Section 4.6 are satisfied (hereinafter, “covenant defeasance”), and such Securities shall thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration or
Act of Holders (and the consequences of any thereof) in connection with Sections 7.1, 9.4 and 9.5, or such other covenant, but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose, such covenant
defeasance means that, with respect to such Securities, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such Section or such other covenant, whether directly or
indirectly, by reason of any reference elsewhere herein to any such Section or such other covenant or by reason of reference in any 

 

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such Section or such other covenant to any other provision herein or in any other document, and such omission to comply shall not constitute
a Default or an Event of Default under Section 5.1(3) or 5.1(7) or otherwise, as the case may be, but, except as specified above, the remainder of this Indenture and such Securities shall be unaffected thereby. 
 

	Section 4.6	 	Conditions to Defeasance or Covenant Defeasance 

 
The following shall be the conditions to application of Section 4.4 or Section 4.5 to any Securities of or within a series: 
 
(a) The Company shall have deposited or
caused to be deposited irrevocably with the Trustee (or another trustee satisfying the requirements of Section 6.11 who shall agree to comply with, and shall be entitled to the benefits of, the provisions of Sections 4.3 through 4.9 inclusive and
the last paragraph of Section 9.3 applicable to the Trustee, for purposes of such Sections also a “Trustee”) as trust funds in trust for the purpose of making the payments referred to in clauses (y) and (z) of this Section 4.6(a),
specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities, with instructions to the Trustee as to the application thereof, (i) money in an amount, or (ii) if Securities of such series are not
subject to repayment at the option of Holders, Government Obligations that through the payment of interest and principal in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment
referred to in clause (y) or (z) of this Section 4.6(a), money in an amount or (iii) a combination thereof in an amount sufficient to pay and discharge, and which shall be applied by the Trustee to pay and discharge, (y) the principal of, premium,
if any, and interest, if any, on such Securities on the Maturity of such principal or installment of principal or interest and (z) any mandatory sinking fund payments applicable to such Securities on the day on which such payments are due and
payable in accordance with the terms of this Indenture and such Securities. Before such a deposit the Company may make arrangements satisfactory to the Trustee for the redemption of Securities at a future date or dates in accordance with Article 10
that shall be given effect in applying the foregoing. 
 
(b) Such defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a Default or Event of Default under, this Indenture or result in a breach or violation of, or constitute a default under,
any other material agreement or instrument to which the Company is a party or by which it is bound. 
 
(c) No Default or Event of Default under Section 5.1(5) or 5.1(6) with respect to such Securities shall have occurred and
be continuing during the period commencing on the date of such deposit and ending on the 91st day after such date (it being understood that this condition shall not be deemed satisfied until the expiration of such period). 
 

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(d) In the case of an election under Section 4.4, the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel to the effect that (i) the Company has received from, or there has been
published by, the Internal Revenue Service a ruling, or (ii) since the date of execution 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 such Securities will not recognize income, gain or loss for federal income tax purposes as a result of such defeasance and will be subject to federal income tax on the same amount and in the same manner and
at the same times, as would have been the case if such deposit, defeasance and discharge had not occurred. 
 
(e) In the case of an election under Section 4.5, the Company shall have delivered to the Trustee an Opinion of Counsel to
the effect that the Holders of such Securities 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. 
 
(f) The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating
that all conditions precedent to the defeasance under Section 4.4 or the covenant defeasance under Section 4.5 (as the case may be) have been complied with and an Opinion of Counsel to the effect that either (i) as a result of a deposit pursuant to
subsection (a) above and the related exercise of the Company’s option under Section 4.4 or Section 4.5 (as the case may be), registration is not required under the Investment Company Act of 1940, as amended, by the Company, with respect to the
trust funds representing such deposit or by the Trustee for such trust funds or (ii) all necessary registrations under said act have been effected. 
 
(g) Such defeasance or covenant defeasance shall be effected in compliance with any additional or substitute terms,
conditions or limitations that may be imposed on the Company in connection therewith as contemplated by Section 3.1. 
 

	Section 4.7	 	Deposited Money and Government Obligations to Be Held in Trust 

 
Subject to the provisions of the last paragraph of Section 9.3, all money and Government Obligations (or
other property as may be provided pursuant to Section 3.1) (including the proceeds thereof) deposited with the Trustee pursuant to Section 4.6 in respect of any Securities of any series shall be held in trust and applied by the Trustee, in
accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Holders of such Securities
of all sums due and to become due thereon in respect of principal, premium, if any, and interest, if any, but such money need not be segregated from other funds except to the extent required by law. 
 

	Section 4.8	 	Transfers and Distribution at Company Request 

 
To the extent permitted by the Financial Accounting Standards Board Statement of Financial Accounting Standards No. 76, as amended or
interpreted by the Financial Accounting Standards Board from time to time, or any successor thereto (“Standard No. 76”), or to the extent 

 

30 

permitted by the Commission, the Trustee shall, from time to time, take one or more of the following actions as specified in a Company
Request: 
 
(a) Retransfer,
reassign and deliver to the Company any securities deposited with the Trustee pursuant to Section 4.6(a), provided that the Company shall, in substitution therefor, simultaneously transfer, assign and deliver to the Trustee other Government
Obligations appropriate to satisfy the Company’s obligations in respect of the relevant Securities; and 
 
(b) The Trustee (and any Paying Agent) shall promptly pay to the Company upon Company Request any excess money or
securities held by it at any time, including, without limitation, any assets deposited with the Trustee pursuant to Section 4.6(a) exceeding those necessary for the purposes of Section 4.6(a). 
 
The Trustee shall not take the actions described in
subsections (a) and (b) of this Section 4.8 unless it shall have first received a written report of a nationally recognized independent public accounting firm, (i) expressing its opinion that the contemplated action is permitted by Standard No. 76
or the Commission, for transactions accounted for as extinguishment of debt under the circumstances described in paragraph 3.c of Standard No. 76 or any successor provision and (ii) verifying the accuracy, after giving effect to such action or
actions, of the computations that demonstrate that the amounts remaining to be earned on the Government Obligations deposited with the Trustee pursuant to Section 4.6(a) will be sufficient for purposes of Section 4.6(a). 
 
ARTICLE 5 
 
Defaults and Remedies 
 

	Section 5.1	 	Events of Default 

 
An “Event of Default” occurs with respect to the Securities of any series if (whatever the reason for such Event of Default and
whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 
 
(a) the Company defaults in the payment of
interest on any Security of that series or any additional amount payable with respect to any Security of that series as specified pursuant to Section 3.1(b)(14) when the same becomes due and payable and such default continues for a period of 90
days; 
 
(b) the Company defaults
in the payment of the principal of or any premium on any Security of that series when the same becomes due and payable at its Maturity or on redemption or otherwise, or in the payment of a mandatory sinking fund payment when and as due by the terms
of the Securities of that series, and in each case such default continues for a period of 10 days; 
 
(c) the Company defaults in the performance of, or breaches, any covenant or warranty of the Company in this Indenture
with respect to any Security of that series (other than 

 

31 

a covenant or warranty a default in whose performance or whose breach is elsewhere in this Section specifically dealt with), and such default
or breach continues for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities
of that series, a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; 
 
(d) the Company defaults under the terms of any agreement or instrument evidencing or under
which the Company has at the date of this Indenture or hereafter outstanding any indebtedness for borrowed money and such indebtedness shall be accelerated so that the same shall be or become due and payable prior to the date on which the same would
otherwise become due and payable and the aggregate principal amount thereof so accelerated exceeds $50 million and such acceleration is not rescinded or annulled within 10 days after there has been given, by registered or certified mail, to the
Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the Outstanding Securities of that series a written notice specifying such default and stating that such notice is a
“Notice of Default” hereunder (it being understood, however, that, subject to the provisions of Section 6.1, the Trustee shall not be deemed to have knowledge of such default under such agreement or instrument unless either (i) a
Responsible Officer of the Trustee shall have actual knowledge of such default or (ii) a Responsible Officer of the Trustee shall have received written notice thereof from the Company, from any Holder, from the holder of any such indebtedness or
from the trustee under any such agreement or other instrument); provided, however, that if such default under such agreement or instrument is remedied or cured by the Company or waived by the holders of such indebtedness, then the Event of Default
hereunder by reason thereof shall be deemed likewise to have been thereupon remedied, cured or waived without further action upon the part of either the Trustee or any of such Holders; 
 
(e) the Company pursuant to or within the meaning of any Bankruptcy Law (as defined below)
(i) commences a voluntary case, (ii) consents to the entry of an order for relief against it in an involuntary case, (iii) consents to the appointment of a Custodian (as defined below) of it or for all or substantially all of its property, or (iv)
makes a general assignment for the benefit of its creditors; 
 
(f) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law (as defined below) that (i) is for relief against the Company in an involuntary case, (ii) appoints a Custodian
of the Company or for all or substantially all of its property, or (iii) orders the liquidation of the Company; and the order or decree remains unstayed and in effect for 90 consecutive days; or 
 
(g) any other Event of Default provided as
contemplated by Section 3.1 with respect to Securities of that series. 
 
The term “Bankruptcy Law” means Title 11, U.S. Code, as amended from time to time, or any similar federal or state law for the relief of debtors. The term “Custodian” means any custodian, receiver,
trustee, assignee, liquidator or other similar official under any Bankruptcy Law. 
 

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	Section 5.2	 	Acceleration, Rescission and Annulment 

 
If an Event of Default with respect to the Securities of any series at the time Outstanding occurs and is continuing, the Trustee or the
Holders of at least 25% in aggregate principal amount of all of the outstanding Securities of that series, by written notice to the Company (and, if given by the Holders, to the Trustee), may declare the principal (or, if the Securities of that
series are Original Issue Discount Securities or Indexed Securities, such portion of the principal amount as may be specified in the terms of that series) of all the Securities of that series to be due and payable and upon any such declaration such
principal (or, in the case of original Issue Discount Securities or Indexed Securities, such specified amount) shall be immediately due and payable. 
 
At any time after such a declaration of acceleration with respect to Securities of any series has been made and before a judgment or
decree for payment of the money due has been obtained by the Trustee as hereinafter provided in this Article, the Holders of a majority in aggregate principal amount of the outstanding Securities of that series, by written notice to the Trustee, may
rescind and annul such declaration and its consequences if all existing Defaults and Events of Default with respect to Securities of that series, other than the nonpayment of the principal of Securities of that series that has become due solely by
such declaration of acceleration, have been cured or waived as provided in Section 5.7. No such rescission shall affect any subsequent default or impair any right consequent thereon. 
 

	Section 5.3	 	Collection of Indebtedness and Suits for Enforcement by Trustee 

 
The Company covenants that if 
 
(a) default is made in the payment of any interest on any Security when such interest becomes
due and payable and such default continues for a period of 90 days, or 
 
(b) default is made in the payment of the principal of (or premium, if any, on) any Security at the Maturity thereof and such default continues for a period of 10 days, the Company will, upon demand of
the Trustee, pay to it, for the benefit of the Holders of such Securities, 
 
the whole amount then due and payable on such Securities for principal, premium, if any, and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal, premium, if any,
and on any overdue interest, at the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel. 
 
If an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of
Securities of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the
exercise of any power granted herein, or to enforce any other proper remedy. 
 

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	Section 5.4	 	Trustee May File Proofs of Claim 

 
The Trustee may 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 and the Holders allowed in any judicial proceedings relating to the Company, its creditors or its property. 
 

	Section 5.5	 	Trustee May Enforce Claims Without Possession of Securities 

 
All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the
Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto. 
 

	Section 5.6	 	Delay or Omission Not Waiver 

 
No delay or omission by the Trustee or any Holder of any Securities to exercise any right or remedy accruing upon an Event of Default
shall impair any such right or remedy or constitute a waiver of or acquiescence in any such Event of Default. 
 

	Section 5.7	 	Waiver of Past Defaults 

 
The Holders of a majority in aggregate principal amount of Outstanding Securities of any series by notice to the Trustee may waive on
behalf of the Holders of all Securities of such series a past Default or Event of Default with respect to that series and its consequences except (i) a Default or Event of Default in the payment of the principal of, premium, if any, or interest on
any Security of such series or (ii) in respect of a covenant or provision hereof that pursuant to Section 8.2 cannot be amended or modified without the consent of the Holder of each Outstanding Security of such series adversely affected. Upon any
such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture. 
 

	Section 5.8	 	Control by Majority 

 
The Holders of a majority in aggregate principal amount of the Outstanding Securities of each series affected (with each such series
voting as a class) shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it with respect to Securities of that series; provided,
however, that (i) the Trustee may refuse to follow any direction that conflicts with law or this Indenture, (ii) the Trustee may refuse to follow any direction that is unduly prejudicial to the rights of the Holders of Securities of such series not
consenting, or that would in the good-faith judgment of the Trustee have a substantial likelihood of involving the Trustee in personal liability, and (iii) the Trustee may take any other action deemed proper by the Trustee that is not inconsistent
with such direction. 
 

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	Section 5.9	 	Limitation on Suits by Holders 

 
No Holder of any Security of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to this
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 
 
(a) the Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the
Securities of that series; 
 
(b)
the Holders of at least 25% in aggregate principal amount of the Outstanding Securities of that series have made a written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder;

 
(c) such Holder or Holders have
offered to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense to be, or which may be, incurred by the Trustee in pursuing the remedy; 
 
(d) the Trustee for 60 days after its receipt of such notice, request and the offer of
indemnity has failed to institute any such proceedings; and 
 
(e) during such 60-day period, the Holders of a majority in aggregate principal amount of the Outstanding Securities of that series have not given to the Trustee a direction inconsistent with such
written request. 
 
No one or more Holders shall
have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other
of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all of such Holders. 
 

	Section 5.10	 	Rights of Holders to Receive Payment 

 
Notwithstanding any other provision of this Indenture, the right of any Holder of a Security to receive payment of principal of, premium,
if any, and, subject to Section 3.7, interest on the Security, on or after the respective due dates expressed in the Security (or, in case of redemption, on the Redemption Dates), or, subject to Section 5.9, 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 5.11	 	Application of Money Collected 

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

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First: to the Trustee for amounts due under Section 6.9; 
 
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 of, 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. 
 

	Section 5.12	 	Restoration of Rights and Remedies 

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

	Section 5.13	 	Rights and Remedies Cumulative 

 
Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last
paragraph of Section 3.6, no right or remedy herein conferred upon or reserved to the Trustee or the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative
and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other appropriate right or remedy. 
 
ARTICLE 6 
 
The Trustee

 

	Section 6.1	 	Certain Duties and Responsibilities 

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

36 

 
(2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and
conforming to the requirements of this Indenture; but in the case of any such certificates or opinions that by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to
determine whether or not they conform to the requirements of this Indenture. 
 
(b) In case an Event of Default has occurred and is continuing with respect to the Securities of any series, the Trustee shall exercise such of the rights and powers vested in it by this Indenture with
respect to the Securities of such series, and use the same degree of care and skill in their exercise as a prudent Person would exercise or use under the circumstances in the conduct of his own affairs. 
 
(c) No provision of this Indenture shall be construed to
relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 
 
(1) this subjection shall not be construed to limit the effect of subsection (a) of this Section; 
 
(2) the Trustee shall not be liable for any
error of judgment made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 
(3) the Trustee shall not be liable with respect to any action taken or omitted to be taken
by it in good faith in accordance with the direction of the Holders of a majority in principal amount of the Outstanding Securities of any series relating to the time, method and place of conducting any proceeding for any remedy available to the
Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such series. 
 
(d) No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in
the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably
assured to it. 
 
(e) Whether or not therein
expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 
 

	Section 6.2	 	Rights of Trustee 

 
Subject to the provisions of the Trust Indenture Act: 
 

37 

 
(a) The Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note or other
paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties. 
 
(b) Any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or
Company Order (other than delivery of any Security to the Trustee for authentication and delivery pursuant to Section 3.3, which shall be sufficiently evidenced as provided therein) and any resolution of the Board of Directors may be sufficiently
evidenced by a Board Resolution. 
 
(c) Whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein
specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officers’ Certificate. 
 
(d) The Trustee may consult with counsel of its selection and the written advice of such counsel or any Opinion of Counsel
shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon. 
 
(e) The Trustee shall be under no obligation to exercise any of the rights or powers vested
in it by this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities that might be
incurred by it in compliance with such request or direction. 
 
(f) The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture, note or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such
further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney. 
 
(g) The Trustee may act through agents or attorneys and shall not be responsible for the misconduct or negligence of any
agent or attorney appointed with due care. 
 
(h) The Trustee shall not be liable for any action it takes or omits to take in good faith that it believes to be authorized or within its rights or powers. 
 
(i) The Trustee shall not be required to expend or risk its own funds or otherwise incur any
financial liability in the performance of any of its duties hereunder, or in the exercise of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is
not reasonably assured to it. 
 

38 

 

	Section 6.3	 	Trustee May Hold Securities 

 
The Trustee, any Paying Agent, any Registrar or any other agent of the Company, in its individual or any other capacity, may become the
owner or pledgee of Securities and, subject to Sections 310(b) and 311 of the Trust Indenture Act, may otherwise deal with the Company, an Affiliate or Subsidiary with the same rights it would have if it were not Trustee, Paying Agent, Registrar or
such other agent. 
 

	Section 6.4	 	Money Held in Trust 

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

	Section 6.5	 	Trustee’s Disclaimer 

 
The recitals contained herein and in the Securities, except the Trustee’s certificate of authentication, shall be taken as the
statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities. The Trustee shall not be accountable for the
Company’s use of the proceeds from the Securities or for monies paid over to the Company pursuant to the Indenture. 
 

	Section 6.6	 	Notice of Defaults 

 
If a Default occurs and is continuing with respect to the Securities of any series and if it is known to the Trustee, the Trustee shall,
within 90 days after it occurs, transmit, in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act, notice of all uncured Defaults known to it; provided, however, that, except in the case of a Default in payment on the
Securities of any series, the Trustee may withhold the notice if and so long as the board of directors, the executive committee or a committee of its Responsible Officers in good faith determines that withholding such notice is in the interests of
the Holders of Securities of that series; provided further that, in the case of any default or breach of the character specified in Section 5.1(c) with respect to the Securities of such series, no such notice to Holders shall be given until at least
60 days after the occurrence thereof. 
 

	Section 6.7	 	Reports by Trustee to Holders 

 
Within 60 days after each May 15 of each year commencing with the first May 15 after the first issuance of Securities pursuant to this
Indenture, the Trustee shall transmit by mail to all Holders of Securities as provided in Section 313(c) of the Trust Indenture Act a brief report dated as of such May 15 if required by Section 313(a) of the Trust Indenture Act. The Trustee also
shall comply with Section 313(b) and (d) of the Trust Indenture Act. 
 

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	Section 6.8	 	Securityholder Lists 

 
The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and
addresses of Holders of Securities of each series. If the Trustee is not the Registrar, the Company shall furnish to the Trustee semiannually on or before the last day of June and December in each year, 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, containing all the information in the possession of the Registrar, the Company or any of its Paying Agents other than the Trustee as to the names and
addresses of Holders of Securities of each such series. 
 

	Section 6.9	 	Compensation and Indemnity 

 
(a) The Company shall pay to the Trustee from time to time such compensation as shall be agreed between the Company and the Trustee for
all services rendered by it hereunder. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable out-of- pocket expenses
incurred by it in connection with the performance of its duties under this Indenture, except any such expense as may be attributable to its negligence or bad faith. Such expenses shall include the reasonable compensation and expenses of the
Trustee’s agents and counsel. 
 
(b) The
Company shall indemnify the Trustee for, and hold it harmless against, any loss, liability or expense incurred by it without negligence or bad faith on its part arising out of or in connection with its acceptance or administration of the trust or
trusts hereunder. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have separate counsel and the Company
shall pay the reasonable fees and expenses of such counsel. The Company need not pay for any settlement made without its consent. 
 
(c) The Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee through negligence or
bad faith. 
 
(d) To secure the payment obligations
of the Company pursuant to this Section, the Trustee shall have a lien prior to the Securities of any series on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on
particular Securities. 
 
(e) When the Trustee
incurs expenses or renders services in connection with an Event of Default specified in Section 5.1(e) or Section 5.1(f), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended
to constitute expenses of administration under any applicable Bankruptcy Law or other similar law. 
 
(f) The provisions of this Section shall survive the termination of this Indenture. 
 

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	Section 6.10	 	Replacement of Trustee 

 
(a) The resignation or removal of the Trustee and the appointment of a successor Trustee shall become effective only upon the successor
Trustee’s acceptance of appointment as provided in Section 6.11. 
 
(b) The Trustee may resign at any time with respect to the Securities of any series by giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required by Section 6.11 shall not
have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of
such series. 
 
(c) The Holders of a majority in
aggregate principal amount of the Outstanding Securities of any series may remove the Trustee with respect to that series by so notifying the Trustee and the Company, and may appoint a successor Trustee for such series with the Company’s
consent. 
 
(d) If at any time: 
 
(1) the Trustee fails to comply with Section
310(b) of the Trust Indenture Act after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Security for at least 180 days; or 
 
(2) the Trustee shall cease to be eligible under Section 310(a) of the Trust Indenture Act
and shall fail to resign after written request therefor by the Company or by any Holder of a Security who has been a bona fide Holder of a Security for at least 180 days; or 
 
(3) the Trustee becomes incapable of acting, is adjudged a bankrupt or an insolvent or a
receiver or public officer takes charge of the Trustee or its property or affairs for the purpose of rehabilitation, conservation or liquidation, 
 
then, in any such case, (i) the Company by or pursuant to a Board Resolution may remove the Trustee with respect to all Securities, or (ii) subject to
Section 315(e) of the Trust Indenture Act, any Holder who has been a bona fide Holder of a Security for at least 180 days may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of
the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees. 
 

41 

 
(e) If the
Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, with respect to Securities of one or more series, the Company, by or pursuant to Board Resolution, shall 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 particular series) and shall comply with the applicable requirements of Section 6.11. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to
the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall,
forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 6.11, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed
by the Company. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the Company or the Holders and accepted appointment in the manner required by Section 6.11, any Holder who has been a bona fide
Holder of a Security of such series for at least -180 days may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such
series. 
 

	Section 6.11	 	Acceptance of Appointment by Successor 

 
(a) In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee shall
execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment. Thereupon, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee, without further
act, deed or conveyance, shall become vested with all the rights, powers and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver
an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder.

 

42 

 
(b) In case of
the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and such successor Trustee shall execute and deliver an indenture supplemental hereto wherein such
successor Trustee shall accept such appointment and which (i) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, such successor Trustee all the rights, powers, trusts and duties of the
retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, (ii) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall
be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in
the retiring Trustee, and (iii) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing
herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by
any other such Trustee and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further
act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of
the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to
which the appointment of such successor Trustee relates. 
 
(c) Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in
paragraph (a) or (b) of this Section, as the case may be. 
 
(d) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under the Trust Indenture Act. 
 
(e) The Company shall give notice of each resignation and each
removal of the Trustee with respect to the Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series in the manner provided for notices to the Holders of Securities in Section 1.6. Each notice
shall include the name of the successor Trustee with respect to the securities of such series and the address of its Corporate Trust office. 
 

	Section 6.12	 	Eligibility; Disqualification 

 
There shall at all times be a Trustee hereunder that shall be eligible to act as Trustee under Section 310(a)(1) of the Trust Indenture
Act and shall have a combined capital and surplus of at least $50 million. If such corporation publishes reports of condition at least annually, pursuant to law or the requirements of federal, state, territorial or District of Columbia supervising
or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set 

 

43 

forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the
provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 
 

	Section 6.13	 	Merger, Conversion, Consolidation or Succession to Business 

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

	Section 6.14	 	Appointment of Authenticating Agent 

 
The Trustee may appoint an Authenticating Agent or Agents with respect to one or more series of Securities that shall be authorized to act
on behalf of the Trustee to authenticate Securities of such series issued upon original issue exchange, registration of transfer or partial redemption thereof, and Securities so authenticated shall be entitled to the benefits of this Indenture and
shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Any such appointment shall be evidenced by an instrument in writing signed by a Responsible Officer of the Trustee, a copy of which instrument shall be
promptly furnished to the Company. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include
authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and,
except as may otherwise be provided pursuant to Section 3.1, shall at all times be a bank or trust company or corporation organized and doing business and in good standing under the laws of the United States of America or of any State or the
District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $10 million and subject to supervision or examination by federal or state authorities. If such Authenticating
Agent publishes reports of condition at least annually, pursuant to law or the requirements of the aforesaid supervising or examining authority, then, for the purposes of this Section, the combined capital and surplus of such Authenticating Agent
shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such
Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 
 
Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding 

 

44 

to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided that
such corporation shall be otherwise eligible under this Section without the execution or filing of any paper or further act on the part of the Trustee or the Authenticating Agent. 
 
An Authenticating Agent for any series of Securities may at any time resign by giving written notice of
resignation to the Trustee for such series and to the Company. The Trustee for any series of Securities may at any time terminate the agency of an Authenticating Agent by giving written notice of termination to such Authenticating Agent and to the
Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee for such series may appoint a
successor Authenticating Agent which shall be acceptable to the Company and shall give notice of such appointment to all the Holders of Securities of the series with respect to which such Authenticating Agent will serve in the manner set forth in
Section 1.6. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent
herein. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 
 
The Company agrees to pay to each Authenticating Agent from time to time reasonable compensation, including reimbursement of its
reasonable expenses for its services under this Section. 
 
If an appointment with respect to one or more series is made pursuant to this Section, the Securities of such series may have endorsed thereon, in addition to or in lieu of the Trustee’s certificate of authentication, an
alternate certificate of authentication substantially in the following form: 
 
This is one of the Securities of a series issued under the within-mentioned Indenture. 
 

45 

 

	
 as
Trustee

	
	 By:
	 	  

	 	 	 as Authenticating Agent

	 	 	 
	
	 By:
	 	  

	 	 	 Authorized Officer

 
 

	Section 6.15	 	Trustee’s Application for Instructions From the Company 

 
Any application by the Trustee for written instructions from the Company may, at the option of the Trustee,
set forth in writing any action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action shall be taken or such omission shall be effective. The Trustee shall not be liable for any action
taken by, or omission of, the Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than 15 Business Days after the date any Officer of the Company
actually receives such application, unless any such Officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective date in the case of an omission), the Trustee shall have received written
instructions in response to such application specifying the action to be taken or omitted. 
 
ARTICLE 7 
 
Consolidation, Merger or Sale by the Company 
 
The Company may merge or consolidate with or into any other corporation or sell, convey, transfer, lease or otherwise dispose of all or substantially all of its assets to any person, firm or corporation, if (i) (A) in the
case of a merger or consolidation, the Company is the surviving corporation or (B) in the case of a merger or consolidation where the Company is not the surviving corporation and in the case of any such sale, conveyance or other disposition, the
successor or acquiring corporation is a corporation organized and existing under the laws of the United States or a state thereof and such corporation expressly assumes by supplemental indenture all of the obligations of the Company under the
Securities and under this Indenture, (ii) immediately thereafter, giving effect to such merger or consolidation, or such sale, conveyance, transfer or other disposition, no Default or Event of Default shall have occurred and be continuing and (iii)
the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that such merger or consolidation, or such sale, conveyance, transfer or other disposition, complies with this Article and that all
conditions precedent herein provided for relating to such transaction have been complied with. 
 
In the event of the assumption by a successor corporation of the obligations of the Company as provided in clause (i)(B) of the immediately preceding sentence, such successor corporation shall succeed
to and be substituted for the Company hereunder and under the Securities and all such obligations of the Company shall terminate. 
 

46 

 
ARTICLE 8

 
Supplemental Indentures 
 

	Section 8.1	 	Supplemental Indentures Without Consent of Holders 

 
Without the consent of any Holders, the Company, when authorized by a Board Resolution, and the Trustee, at any time and from time to
time, may enter into indentures supplemental hereto, in form reasonably satisfactory to the Trustee, for any of the following purposes: 
 
(a) to evidence the succession of another corporation to the Company and the assumption by any such successor of the
covenants of the Company herein and in the Securities; or 
 
(b) to add to the covenants of the Company for the benefit of the Holders of all or any series of Securities (and if such covenants are to be for the benefit of less than all series of Securities,
stating that such covenants are expressly being included solely for the benefit of such series) or to surrender any right or power herein conferred upon the Company; or 
 
(c) to add any additional Events of Default with respect to all or any series of Securities;
or 
 
(d) to add to or change any
of the provisions of this Indenture to such extent as shall be necessary to facilitate the issuance of Securities in bearer form, registrable or not registrable as to principal, and with or without interest coupons, or to facilitate the issuance of
Securities in global form; or 
 
(e) to add to, change or eliminate any of the provisions of this Indenture, provided that any such addition, change or elimination shall become effective only when there is no Security Outstanding of any series created prior to the
execution of such supplemental indenture that is entitled to the benefit of such provision; or 
 
(f) to secure the Securities; or 
 
(g) to establish the form or terms of Securities of any series as permitted by Sections 2.1
and 3.2; or 
 
(h) to evidence and
provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the
administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 6.10; or 
 

47 

 
(i) to correct or supplement any provision herein that may be inconsistent with any other provision herein or to make any other provisions with respect to matters or questions arising under this Indenture, provided such action shall
not adversely affect the interests of the Holders of Securities of any series in any material respect, or to cure any ambiguity or correct any mistake. 
 

	Section 8.2	 	With Consent of Holders 

 
With the written consent of the Holders of a majority of the aggregate principal amount of the Outstanding Securities of all series
adversely affected by such supplemental indenture (with all such affected series acting together as a single class), the Company and the Trustee may enter into an indenture or indentures supplemental hereto to add any provisions to or to change or
eliminate any provisions of this Indenture or of any other indenture supplemental hereto or to modify the rights of the Holders of Securities of each such series; provided, however, that without the consent of the Holder of each Outstanding Security
affected thereby, an amendment under this Section may not: 
 
(a) change the Stated Maturity of the principal of, or any installment of principal of or interest on, any Security, or reduce the principal amount thereof or the rate of interest thereon or any
premium payable upon the redemption thereof, or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.2, or change the
coin or currency in which, any Securities or any premium or the interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or
after the Redemption Date); 
 
(b)
reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with
certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture; 
 
(c) change any obligation of the Company to maintain an office or agency in the places and for the purposes specified in
Section 9.2; or 
 
(d) make any
change in Section 5.7 or this Section 8.2 except to increase any percentage or to provide that certain other provisions of this Indenture cannot be modified or waived with the consent of the Holders of each Outstanding Security affected thereby.

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

48 

 
It is not
necessary under this Section 8.2 for the Holders to consent to the particular form of any proposed supplemental indenture, but it is sufficient if they consent to the substance thereof. 
 

	Section 8.3	 	Compliance With Trust Indenture Act 

 
Every supplemental indenture executed pursuant to this Article shall comply with the requirements of the Trust Indenture Act as then in
effect. 
 

	Section 8.4	 	Execution of Supplemental Indentures 

 
In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modification
thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by
this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture that affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 

	Section 8.5	 	Effect of Supplemental Indentures 

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

	Section 8.6	 	Reference in Securities to Supplemental Indentures 

 
Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and
shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion
of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities. 
 
ARTICLE 9 
 
Covenants 
 

	Section 9.1	 	Payment of Principal, Premium, if Any, and Interest 

 
The Company covenants and agrees for the benefit of the Holders of each series of Securities that it will duly and punctually pay the
principal of, premium, if any, and interest on the Securities of that series in accordance with the terms of the Securities of such series and this Indenture. An installment of principal or interest shall be considered paid on the date it is due if
the Trustee or Paying Agent holds on that date money designated for and sufficient to pay the installment. 
 

49 

 

	Section 9.2	 	Maintenance of Office or Agency 

 
The Company will maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series may be
presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may
be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of any such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail
to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such
presentations, surrenders, notices and demands. 
 
The Company may also from time to time designate one or more other offices or agencies where the Securities of one or more series may be presented or surrendered for any or all such purposes and may from time to time rescind such
designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in each Place of Payment for Securities of any series for such purposes. The Company
will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 
 
Unless otherwise specified as contemplated by Section 3.1, the Trustee shall initially serve as Paying Agent. 
 

	Section 9.3	 	Money for Securities to Be Held in Trust; Unclaimed Money 

 
If the Company shall at any time act as its own Paying Agent with respect to any series of Securities, it
will, on or before each due date of the principal of, premium, if any, or interest on any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal, premium,
if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee in writing of its action or failure so to act. 
 
The Company will cause each Paying Agent for any series of
Securities other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will: 
 
(a) hold all sums held by it for the payment
of the principal of, premium, if any, or interest on Securities of that series in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 
 
(b) give the Trustee notice of any default by
the Company (or any other obligor upon the Securities of that series) in the making of any payment of principal, premium, if any, or interest on the Securities; and 
 

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(c) at any time during the continuance of any such default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. 
 
The Company may at any time, for the purpose of obtaining the
satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the
same trusts as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money.

 
Any money deposited with the Trustee or any
Paying Agent, or then held by the Company, in trust for the payment of any principal, premium or interest on any Security of any series 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 Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment
thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being
required to make any such repayment, may at the expense of the Company cause to be published once, in a newspaper published in the English language, customarily published on each Business Day and of general circulation in The City of New York, or
cause to be mailed to such Holder, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be
repaid to the Company. 
 

	Section 9.4	 	Corporate Existence 

 
Subject to Article 7, the Company will at all times do or cause to be done all things necessary to preserve and keep in full force and
effect its corporate existence and its rights and franchises; provided, however, that nothing in this Section 9.4 shall prevent the abandonment or termination of any right or franchise of the Company if, in the opinion of the Company, such
abandonment or termination is in the best interests of the Company and does not materially adversely affect the ability of the Company to operate its business or to fulfill its obligations hereunder. 
 

	Section 9.5	 	Insurance 

 
The Company covenants and agrees that it will maintain, and cause each of its Subsidiaries to maintain, insurance with responsible and
reputable insurance companies or associations or through a program of self-insurance in such amounts and covering such risks as are consistent with sound business practice for corporations engaged in the same or a similar business similarly
situated. 
 

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	Section 9.6	 	Reports by the Company 

 
The Company covenants: 
 
(a) to file with the Trustee, within 30 days after the Company is required to file the same with the Commission, copies of
the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) that the Company may be required to file with the
Commission pursuant to Section 13 or Section 15(d) of the Exchange Act or, if the Company is not required to file information, documents or reports pursuant to either of such sections, then to file with the Trustee and the Commission, in accordance
with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and reports that may be required pursuant to Section 13 of the Exchange Act, in respect of a security listed and
registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 
 
(b) to file with the Trustee and the Commission, in accordance with the rules and regulations prescribed from time to time
by the Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants provided for in this Indenture, as may be required from time to time by such rules and regulations; and

 
(c) to transmit to all Holders
of Securities, within 30 days after the filing thereof with the Trustee, in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act, such summaries of any information, documents and reports required to be filed by the
Company pursuant to subsections (a) and (b) of this Section 9.6, as may be required by rules and regulations prescribed from time to time by the Commission. 
 

	Section 9.7	 	Annual Review Certificate; Notice of Default 

 
The Company covenants and agrees to deliver to the Trustee, within 120 days after the end of each fiscal year of the Company, a brief
certificate from the principal executive officer, principal financial officer, or principal accounting officer as to his knowledge of the Company’s compliance with all conditions and covenants under this Indenture. For purposes of this Section
9.7, such compliance shall be determined without regard to any period of grace or requirement of notice provided under this Indenture. The Company shall file with the Trustee written notice of the occurrence of any Event of Default within 30
Business Days of its becoming aware of any such Event of Default. 
 

	Section 9.8	 	Provision of Financial Statements 

 
If the Company is not required to file with the Commission periodic reports and other information pursuant to Section 13(a), 
13(c) or 15(d) of the Exchange Act, the Company shall furnish without cost to each Holder and file with the Trustee (i) within 135 days after the end of
each fiscal year, annual reports containing the information required to be contained in Items 1, 2, 3, 5, 6, 7, 8 and 9 of Form 10-K promulgated under the Exchange Act, or substantially the same information required to be contained in comparable
items of any successor form, (ii) within 60 days after the end of each of the first three fiscal quarters of each fiscal year, quarterly reports containing the information required to be contained in Form 10-Q promulgated under the Exchange Act, or
substantially the same information required to be contained in any successor form and (iii) promptly from the time after the occurrence of an event required to be therein 
 

52 

reported, such other reports containing information required to be contained in Form 8-K promulgated under the Exchange Act, or substantially
the same information required to be contained in any successor form. The Company shall also make such reports available to prospective purchasers of the Securities, securities analysts and broker-dealers upon their request. 
 
ARTICLE 10 
 
Redemption 
 

	Section 10.1	 	Applicability of Article 

 
Securities of any series that are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except
as otherwise specified as contemplated by Section 3.1 for Securities of any series) in accordance with this Article. 
 

	Section 10.2	 	Election to Redeem; Notice to Trustee 

 
The election of the Company to redeem any Securities shall be evidenced by or pursuant to a Board Resolution or any Officers’
Certificate. In the case of any redemption at the election of the Company of less than all the Securities, if any, of any series, the Company shall, at least 60 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be
satisfactory to the Trustee), notify the Trustee of such Redemption Date, of the principal amount of Securities of such series to be redeemed and, if applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of
Securities (i) prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture or (ii) pursuant to an election of the Company that is subject to a condition specified in the terms
of such Securities, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction or condition. 
 

	Section 10.3	 	Selection of Securities to Be Redeemed 

 
Unless otherwise specified as contemplated by Section 3.1, if less than all of the Securities of a series with the same original issue
date, interest rate and Stated Maturity are to be redeemed, the Trustee, not more than 45 days prior to the Redemption Date, shall select the Securities of the series to be redeemed in such manner as the Trustee shall deem fair and appropriate. The
Trustee shall make the selection from Securities of the series that are Outstanding and that have not previously been called for redemption and may provide for the selection for redemption of portions (equal to the minimum authorized denomination
for Securities of that series or any integral multiple thereof) of the principal amount of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of that series. The Trustee shall promptly notify
the Company in writing of the Securities selected by the Trustee for redemption and, in the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed. 
 
For purposes of this Indenture, unless the context otherwise
requires, all provisions relating to the redemption of Securities shall relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities that has been or is to be redeemed.

 

53 

 

	Section 10.4	 	Notice of Redemption 

 
Unless otherwise specified as contemplated by Section 3.1, notice of redemption shall be given in the manner provided in Section 1.6 not
less than 30 days nor more than 60 days prior to the Redemption Date to the Holders of the Securities to be redeemed. 
 
All notices of redemption shall state: 
 
(a) the Redemption Date; 
 
(b) the Redemption Price; 
 
(c) if fewer than all the Outstanding Securities of a series are to be redeemed, the identification (and, in the case of
partial redemption, the principal amounts) of the particular Security or Securities to be redeemed; 
 
(d) in case any Security is to be redeemed in part only, the notice that relates to such Security shall state that on and
after the Redemption Date, upon surrender of such Security, the Holder will receive, without charge, a new Security or Securities of authorized denominations for the principal amount thereof remaining unredeemed; 
 
(e) the Place or Places of Payment where such
Securities maturing after the Redemption Date are to be surrendered for payment for the Redemption Price; 
 
(f) that Securities of the series called for redemption must be surrendered to the Paying Agent to collect the redemption
price; 
 
(g) that, on the
Redemption Date, the Redemption Price will become due and payable upon each such Security, or the portion thereof, to be redeemed and, if applicable, that interest thereon will cease to accrue on and after said Redemption Date; 
 
(h) that the redemption is for a sinking
fund, if such is the case; and 
 
(i) the CUSIP number. 
 
Notice of
redemption of Securities to be redeemed shall be given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company. 
 

	Section 10.5	 	Deposit of Redemption Price 

 
On or prior to any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its
own Paying Agent, segregate and hold in trust as provided in Section 9.3) an amount of money sufficient to pay on the Redemption Date the Redemption Price of, and (unless the Redemption Date shall be an Interest Payment Date) interest accrued to the
Redemption Date on, all Securities or portions thereof that are to be redeemed on that date. 
 

54 

 
Unless any
Security by its terms prohibits any sinking fund payment obligation from being satisfied by delivering and crediting Securities (including Securities redeemed otherwise than through a sinking fund), the Company may deliver such Securities to the
Trustee for crediting against such payment obligation in accordance with the terms of such Securities and this Indenture. 
 

	Section 10.6	 	Securities Payable on Redemption Date 

 
Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and
payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Except as provided in the
next succeeding paragraph, upon surrender of any such Security for redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date; provided,
however, that, unless otherwise specified as contemplated by Section 3.1, installments of interest on Securities whose Stated Maturity is prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more Predecessor
Securities, registered as such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 3.7. 
 
If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any)
shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security. 
 

	Section 10.7	 	Securities Redeemed in Part 

 
Upon surrender of a Security that is redeemed in part at any Place of Payment therefor (with, if the Company or the Trustee so require,
due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), the Company shall execute and the Trustee shall
authenticate and deliver to the Holder of that Security, without service charge, a new Security or Securities of the same series, the same form and the same Maturity in any authorized denomination equal in aggregate principal amount to the
unredeemed portion of the principal of the Security surrendered. 
 
ARTICLE 11 
 
Sinking
Funds 
 

	Section 11.1	 	Applicability of Article 

 
The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of a series, except as otherwise
specified as contemplated by Section 3.1 for Securities of such series. 
 

55 

 
The minimum
amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities
of any series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of any series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 11.2. Each
sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series. 
 

	Section 11.2	 	Satisfaction of Sinking Fund Payments With Securities 

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

	Section 11.3	 	Redemption of Securities for Sinking Fund 

 
Not less than 60 days prior to each sinking fund payment date for any series of Securities, the Company will deliver to the Trustee an
Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, that is to be satisfied by payment of cash and the portion thereof, if any,
that is to be satisfied by delivering and crediting Securities of that series pursuant to Section 11.2, and will also deliver to the Trustee any Securities to be so delivered. Not less than 30 days before each such sinking fund payment date, the
Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 10.3 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner
provided in Section 10.4. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 10.6 and 10.7. 
 

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IN WITNESS
WHEREOF, the parties hereto have caused this Indenture to be duly executed, and their respective corporate seals to be hereunto affixed and attested, all as of the day and year first above written. 
 

	 ICOS CORPORATION

	
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	 Vice President and Chief Financial Officer

 
[Seal] 
 
Attest
 
 

	
	

	 Name:
	 	  

	 Title:
	 	 Vice President

 

	  
                                      
                               , TRUSTEE

	
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	 

 
[Seal] 
 
Attest
 
 

	
	

	 Name:
	 	  

	 Title:
	 	 Vice President

 

57

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