Document:

EX-4.6

 Exhibit 4.6 

Execution Copy 
 Dated 11 May 2020

 LINDE PLC 
 as Issuer
and Guarantor 
 and 
 LINDE
FINANCE B.V. 
 as Issuer 

and 
 DEUTSCHE BANK
AKTIENGESELLSCHAFT 
 as Fiscal Agent and Paying Agent 

FISCAL AGENCY AGREEMENT 

relating to the 

EUR 10,000,000,000 Debt Issuance Programme 

of Linde plc and Linde Finance B.V. 
  

 
 Ref: PWZ 

Linklaters LLP 

 Table of Contents 

 

							
	Contents	 	 	  	Page	 
	 1
	 	Definitions and Interpretation	  	 	1	 
			
	 2
	 	Appointment of Fiscal Agent and Paying Agent(s)	  	 	4	 
			
	 3
	 	The Notes	  	 	5	 
			
	 4
	 	Issuance of Notes	  	 	5	 
			
	 5
	 	Exchange of Notes	  	 	8	 
			
	 6
	 	Payments	  	 	8	 
			
	 7
	 	Miscellaneous Duties of the Fiscal Agent and the Paying Agent(s)	  	 	9	 
			
	 8
	 	Appointment and Duties of the Calculation Agent	  	 	12	 
			
	 9
	 	Early Redemption of Notes	  	 	13	 
			
	 10
	 	Fees and Expenses	  	 	13	 
			
	 11
	 	Terms of Appointment	  	 	14	 
			
	 12
	 	Warranties and Undertakings	  	 	15	 
			
	 13
	 	Know-your Customer	  	 	16	 
			
	 14
	 	Changes in Agents	  	 	16	 
			
	 15
	 	Merger and Consolidation	  	 	17	 
			
	 16
	 	Notification of Changes in Agents	  	 	18	 
			
	 17
	 	Communication between the Parties	  	 	18	 
			
	 18
	 	Taxes and Stamp Duties	  	 	18	 
			
	 19
	 	Power of Attorney	  	 	18	 
			
	 20
	 	Notices and Communications	  	 	18	 
			
	 21
	 	Governing Law, Place of Jurisdiction and Process Agent	  	 	20	 
			
	 22
	 	Severability and Partial Invalidity	  	 	20	 
			
	 23
	 	Amendment	  	 	21	 
			
	 24
	 	Counterparts	  	 	21	 
		
	 Schedule 1 Part I: German language form of Global Note
	  	 	22	 
		
	 Schedule 1 Part II: English language form of Global Note
	  	 	35	 
		
	 Schedule 2 Specific duties of the Fiscal Agent in the case of NGNs
	  	 	43	 
		
	 Schedule 3 The Specified Offices of the Fiscal Agent and Paying Agent
	  	 	44	 
		
	 Schedule 4 Part I: English Language Form of a Put Exercise Notice in case of an early
redemption at the option of a holder
	  	 	45	 
		
	 Schedule 4 Part II: German Language Form of a Put Exercise Notice in case of an early
redemption at the option of a holder
	  	 	47	 
		
	 Signature Page to the Fiscal Agency Agreement
	  	 	S-1	 

  

	
	 
	i

 This FISCAL AGENCY AGREEMENT (the “Agreement”) is made on 11 May 2020 

BETWEEN 
  

	(1)	 LINDE PLC (“Linde plc” or, in the case of issues of Notes by Linde Finance B.V., the
“Guarantor”); 

  

	(2)	 LINDE FINANCE B.V. (“Linde Finance”); and 

 

	(3)	 DEUTSCHE BANK AKTIENGESELLSCHAFT (the “Fiscal Agent” and “Paying
Agent”, which expressions shall include any successor agent appointed in accordance with Clause 13), and, in case any additional paying agent has been appointed, the “Paying Agents”). 

RECITALS: 
  

	(A)	 Linde plc is a public limited company incorporated under the laws of Ireland with its registered office in
Dublin, Republic of Ireland and registered in Ireland with registration number 602527. Linde plc is the parent company of the Group (as defined below). 

  

	(B)	 Linde Finance is a private company with limited liability incorporated under the laws of the Netherlands
(besloten vennootschap met beperkte aansprakelijkheid) with its registered office in Amsterdam and registered in the Dutch Trade Register of the Chamber of Commerce (the “Dutch Trade Register”) under number 34115238. Linde
plc is the ultimate parent company of Linde Finance B.V. 

  

	(C)	 Linde plc and Linde Finance have established a programme (the “Programme”) for the issuance of
Notes (as defined herein) in connection with which they have entered into a dealer agreement dated of even date herewith (the “Dealer Agreement”) with the financial institutions named therein (the “Dealers”, which
expression shall include any new dealers appointed, and exclude any institution whose appointment as a dealer has been terminated, in accordance with the Dealer Agreement). 

 

	(D)	 The parties hereto wish to record the arrangements made between them in relation to the services of Deutsche
Bank Aktiengesellschaft in relation to the Programme. 

  

	(E)	 Notes may be issued on a listed or unlisted basis. Linde plc and Linde Finance have caused an application to be
made to the Luxembourg Stock Exchange for Notes issued under the Programme to be listed on the Euro MTF Market. In connection with such application they have procured the preparation of the Prospectus (as defined herein). Notes may be listed on such
other stock exchange or stock exchanges as the relevant Issuer and the relevant Dealer(s) may agree. 

 IT IS HEREBY AGREED as follows:

  

	1	 Definitions and Interpretation 

 

	1.1	 Definitions. In this Agreement: 

“Agents” means the Fiscal Agent, the Calculation Agent, the Paying Agent(s) or any of them. 

“Calculation Agent” means, in relation to any Series of Notes, the institution appointed as calculation agent for the purposes
of such Notes and named as such in the relevant Final Terms, in the case of the Fiscal Agent, pursuant to Clause 8 hereof, in the case of a Dealer or any other institution, pursuant to Clause 16 of the Dealer Agreement and, in any case,
any successor to such institution in its capacity as such. 

  

	
	 
	1

 “CBF” means Clearstream Banking AG, Frankfurt am Main, Germany. 

“CBL” means Clearstream Banking S.A., Luxembourg. 

“Clearing System” has the meaning set forth in § 1(4) of the Terms and Conditions. 

“Common Safekeeper” means an ICSD in its capacity as common safekeeper or a person nominated by the ICSDs to perform the role
of common safekeeper. 
 “Conditions” means in relation to any Tranche of Notes, the set of terms and conditions applicable
to such Tranche of Notes as set out in the Prospectus and as determined and completed by the relevant Final Terms as described therein. The Conditions may be documented either by (i) replicating the relevant provisions of Option I or Option II,
and completing the relevant placeholders in Option I or Option II, as relevant, in which case the replicated and completed provisions of Option I or Option II alone shall constitute the Conditions applicable to any Tranche of Notes, or by
(ii) referring to the relevant provisions of Option I or Option II in Part I of the Final Terms only, in which case Option I or Option II and the relevant Final Terms taken together shall constitute the Conditions applicable to any Tranche of
any Series of Notes. The Conditions will be attached to each Global Note representing the Notes. 
 “Euroclear” means
Euroclear Bank SA/NV, Brussels. 
 “Exchange Act” means the United States Securities Exchange Act of 1934. 

“Frankfurt business day” means a day (other than Saturdays and Sundays) on which commercial banks and foreign exchange markets
are open for business (including dealings in foreign exchange and foreign currency deposits) in Frankfurt am Main. 
 “Global
Note” means a Temporary Global Note or a Permanent Global Note, as applicable. 
 “Group” means Linde plc and its
consolidated subsidiaries taken as a whole. 
 “Guarantee” means the Guarantee dated May 2020, substantially in the form set
out in the Prospectus, executed by the Guarantor and the Fiscal Agent in respect of Notes issued by Linde Finance. 

“Holder” means in respect of Notes deposited with any Clearing System or other central securities depositary, any holder of a
proportionate co-ownership or other beneficial interest or right in the Notes so deposited, and otherwise the bearer of a Note. 

“Interest Commencement Date” means, in the case of interest-bearing Notes, the date specified in the applicable Final Terms
from (and including) which such Notes bear interest, which may or may not be the Settlement Date. 
 “Issue Price” means the
price, generally expressed as a percentage of the principal amount of the Notes, at which the Notes will be issued. 

“Issuer” means each of Linde plc and Linde Finance as issuer or proposed issuer of Notes and “Issuers” means
Linde plc and Linde Finance acting together; “relevant Issuer” means, in relation to any Series, the Issuer which has concluded, or is negotiating, an agreement with the Relevant Dealer(s) to issue, or which has issued, the Notes of
that Series. 
 “Luxembourg Listing Agent” means Deutsche Bank Luxembourg S.A., Luxembourg. 

  

	
	 
	2

 “NGN” means a Temporary Global Note or a Permanent Global Note in the form
of a New Global Note. 
 “Note” means any note in bearer form, including any Global Note, issued or to be issued by any
Issuer under the Programme. 
 “Permanent Global Note” means a permanent global note substantially in the form set out in
Schedule 1 (or in such other form as may be agreed between the relevant Issuer, the Guarantor (if Linde Finance is the Relevant Issuer), the Fiscal Agent and the Relevant Dealer) issued or to be issued
(if indicated in the applicable Final Terms) by the Issuer pursuant to this Agreement in exchange for the whole or part of a Temporary Global Note issued in respect of Notes of the same Tranche. 

“Prospectus” means the base prospectus relating to the Notes in accordance with Part IV of the Luxembourg Prospectus Law,
prepared in connection with the listing of Notes issued under the Programme on the Euro MTF Market, as supplemented or updated from time to time, including, in relation to each Tranche of Notes, the Final Terms relating to such Tranche and such
other documents as are from time to time incorporated therein by reference. 
 “Relevant Agreement” means an agreement
between the relevant Issuer and any Dealer(s) for the sale by the relevant Issuer and the purchase by the Dealer(s) of any Notes. 

“Relevant Dealer” means, in respect of any Tranche of Notes, the institution specified as such in the relevant Final Terms.

 “Specified Office” of any Agent means the office specified against its name in
Schedule 3 hereto or, in the case of any Agent not originally party hereto, specified in its terms of appointment (or, in the case of a Calculation Agent which is a Dealer, specified for the purposes of
Clause 15 of the Dealer Agreement) or such other office in the same country as such Agent may specify by notice to the Issuer and the other parties hereto in accordance with Clause 14.9. 

“Temporary Global Note” means a temporary global note substantially in the form set out in Schedule 1 to this
Agreement (or in such other form as may be agreed between the relevant Issuer, the Guarantor (if Linde Finance is the Relevant Issuer), the Fiscal Agent and the Relevant Dealer) and initially representing Notes of the same Tranche. 

“Terms and Conditions” means the set of terms and conditions of Option I or Option II, as the case may be, substantially in
the form set out in the Prospectus. 
 “Tranche” means Notes issued hereunder which are identical in all respects (including
as to listing). 
  

	1.2	 Expressions. Expressions defined elsewhere in this Agreement shall have the meanings so indicated.
Expressions defined in the Dealer Agreement and the sets of Terms and Conditions and not otherwise defined in this Agreement shall have the same meanings in this Agreement, except where the context otherwise requires. 

 

	1.3	 References. All references in this Agreement to costs or charges or expenses shall include any value
added tax or similar tax charged or chargeable in respect thereof, if applicable. 

 All references in this Agreement to
principal and/or interest or both in respect of the Notes or to any moneys payable by either Issuer under this Agreement shall have the meaning set out in § 4(6) of the Terms and Conditions. 

  

	
	 
	3

 All references in this Agreement to an agreement, instrument or other document (including,
without limitation, this Agreement, the Dealer Agreement, the Guarantee, the Procedures Memorandum, the Notes and any Conditions appertaining thereto) shall be construed as a reference to that agreement, instrument or document as the same may be
amended, varied or supplemented from time to time. 
  

	2	 Appointment of Fiscal Agent and Paying Agent(s) 

 

	2.1	 Each of Linde plc and Linde Finance hereby appoint the Fiscal Agent, and the Fiscal Agent hereby agrees
to act, as agent of each of Linde plc and Linde Finance in relation to Notes, upon the terms and subject to the conditions set out below, for the purposes of: 

 

	 	2.1.1	 authenticating and delivering Global Notes; 

 

	 	2.1.2	 in respect of Global Notes which are NGNs, that will not bear the original signature of the relevant
Issuer due to their electronic transmission to CBL or Euroclear, as the case may be, as Common Safekeeper, giving effectuation instructions for each such Global Note; 

 

	 	2.1.3	 exchanging or instructing the Relevant Clearing System to exchange Temporary Global Notes for Permanent
Global Notes in accordance with the terms of such Temporary Global Notes and the Conditions and making, or procuring the making of, all notations on Global Notes as may be required, and, in respect of any exchange of Global Notes which are NGNs,
instructing CBF, CBL and Euroclear to make appropriate entries in their records; 

  

	 	2.1.4	 paying sums due on Global Notes and, if applicable the Guarantee, and, in respect of Global Notes which
are NGNs, instructing CBL or Euroclear to make appropriate entries in their records; 

  

	 	2.1.5	 determining the end of the restricted period applicable to each Tranche in the case that the Relevant
Clearing System does not determine such period; 

  

	 	2.1.6	 arranging on behalf and at the expense of Linde plc and Linde Finance for notices to be communicated to
Holders; 

  

	 	2.1.7	 ensuring that, as directed by the relevant Issuer (and with prior approval from the Fiscal Agent) where
information is required to be provided by the relevant Issuer, all necessary action is taken to comply with any reporting requirements of any competent authority in respect of any relevant currency, except for Pound Sterling, as may be in force
from time to time with respect to the Notes to be issued under the Programme; 

  

	 	2.1.8	 acting as Calculation Agent in respect of Notes where named as such in the relevant Final Terms and
agreed between the relevant Issuer and the Fiscal Agent; and 

  

	 	2.1.9	 performing all other obligations and duties imposed upon it by the Conditions and this Agreement and, in
relation to each issue of Notes, the Procedures Memorandum. 

  

	2.2	 In relation to each issue of NGNs, the relevant Issuer hereby authorises and instructs the Fiscal Agent
to elect CBL or Euroclear as Common Safekeeper. From time to time, the relevant Issuer and the Fiscal Agent may agree to vary this election. The relevant Issuer acknowledges that any such election is subject to the right of CBL and Euroclear to
jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Fiscal Agent in respect of any such election made by it. 

  

	
	 
	4

	2.3	 Each of Linde plc and Linde Finance hereby appoint the Paying Agent(s), and each of the Paying Agent(s)
hereby agrees to act, as paying agent of the relevant Issuer and (if Linde Finance is the Relevant Issuer) the Guarantor in relation to the Notes, upon the terms and subject to the conditions set out below, for the purposes of paying sums due on
Notes and, if applicable, the Guarantee, and of performing all other obligations and duties imposed upon it by the Conditions and this Agreement. The Relevant Dealer shall transfer the funds according to the deadlines of the Relevant Clearing System
applicable to the relevant currency. 

  

	3	 The Notes 

  

	3.1	 Each Global Note shall: 

 

	 	3.1.1	 be printed or typewritten in substantially the form (duly completed) set out in the relevant Schedule
hereto (or in such other form as the relevant Issuer, the Fiscal Agent and the Relevant Dealer shall have agreed); 

  

	 	3.1.2	 have attached thereto the Conditions which may consist of (i) the replicated relevant provisions of
either Option I or Option II and the completed relevant placeholders in Option I, Option II, as relevant or (ii) Option I or Option II and the relevant Final Terms taken together; 

 

	 	3.1.3	 be executed manually by two authorised signatories of the relevant Issuer; 

 

	 	3.1.4	 be authenticated manually by or on behalf of the Fiscal Agent; 

 

	 	3.1.5	 if the Global Note is an NGN, be effectuated manually by a Common Safekeeper; and 

 

	 	3.1.6	 bear a unique serial number (if applicable). 

 

	3.2	 Each of Linde plc and Linde Finance shall promptly notify in writing the Fiscal Agent of any change in
the names of the person or persons whose signatures are to be used. 

  

	4	 Issuance of Notes 

 

	4.1	 Upon the conclusion of any Relevant Agreement, the relevant Issuer shall, as soon as practicable but in
any event, not later than 2.00 p.m. (Frankfurt time) on the third Frankfurt business day prior to the proposed Issue Date in relation to each Tranche: 

  

	 	4.1.1	 confirm to the Fiscal Agent by telefax or any electronic information system agreed between the Fiscal
Agent and the relevant Issuer all such information as the Fiscal Agent may reasonably require to carry out its functions under this Agreement and such details as are necessary to enable it to authenticate and deliver the Global Note;

  

	 	4.1.2	 (if no standard payment instructions have been given to the Fiscal Agent) designate by telefax or any
other form of communication agreed between the Fiscal Agent and the relevant Issuer the account of the relevant Issuer to which payment of the proceeds of issue should be made; 

 

	 	4.1.3	 deliver to the Fiscal Agent a copy, duly executed, of the Final Terms; and 

  

	
	 
	5

	 	4.1.4	 deliver to the Fiscal Agent the completed Global Note (in unauthenticated form but executed on behalf of
the relevant Issuer) in relation to the relevant Tranche, with the Conditions to be attached to the Global Note (in the case Part I of the Final Terms replicates the relevant provisions of Option I or Option II and completes the relevant
placeholders in Option I or Option II , as relevant) or a copy of the Final Terms, duly executed on behalf of the relevant Issuer to be attached by the Fiscal Agent to the Global Note together with the relevant set of the Terms and Conditions of the
Notes (in the case Part I of Final Terms only refers to the relevant provisions of Option I or Option II). 

  

	4.2	 On or before 10.00 a.m. (Frankfurt time) on the Frankfurt business day prior to the Issue Date in
relation to each Tranche or such other time as may be agreed between the Fiscal Agent and the Relevant Clearing System, the Fiscal Agent shall 

  

	 	4.2.1	 authenticate the Global Note; 

 

	 	4.2.2	 deliver the Global Note to, or to a depositary for, the Relevant Clearing System (which, in the case of
CBL and Euroclear, shall be a specified common depositary) or specified Common Safekeeper (if the Global Note is an NGN), and instruct the Common Safekeeper to effectuate the Global Note (if the same will not bear the original signature of the
relevant Issuer, due to its electronic transmission to the Common Safekeeper); 

  

	 	4.2.3	 if the Global Note is an NGN, instruct CBL and Euroclear to make the appropriate entries in their
records to reflect the initial (in the case of the first Tranche of Notes of any Series) or increased (in the case of a subsequent Tranche of Notes of any Series) outstanding aggregate principal amount of the relevant Series; and

  

	 	4.2.4	 instruct the Relevant Clearing System to credit Notes represented by a Global Note to the Fiscal
Agent’s distribution account and to hold each such Note to the order of the relevant Issuer pending delivery to the Relevant Dealer(s) on a delivery against payment basis (or on such other basis as shall have been agreed between the relevant
Issuer and the Relevant Dealer and notified to the Fiscal Agent) in accordance with the normal procedures of the Relevant Clearing System and, following payment, to credit the Notes represented by such Global Note to such securities account(s) as
shall have been notified to the Fiscal Agent by the Relevant 
Dealer(s). 

  

	4.3	 The Fiscal Agent shall on the Issue Date in respect of the relevant Tranche and against receipt of funds
from the Relevant Dealer(s) transfer the proceeds of issue to the relevant Issuer to the account notified in accordance with sub-clause 4.1 above. 

 

	4.4	 Where the Fiscal Agent delivers any authenticated Global Note to a Common Safekeeper for effectuation
using electronic means, it is authorised to destroy the Global Note retained by it following its receipt of confirmation from the Common Safekeeper that the relevant Global Note has been effectuated. 

 

	4.5	 Where the Fiscal Agent acts as receiving bank for the relevant Issuer in respect of the proceeds of
issue of Notes being issued, if on the relevant Issue Date the Fiscal Agent does not receive the full proceeds of issue in respect of any Note (the “Defaulted Note”) and, as a result, the Defaulted Note remains in the Fiscal
Agent’s distribution account with the Clearing System after such Issue Date, the Fiscal Agent shall: 

  

	 	4.5.1	 continue to hold the Defaulted Note to the order of the relevant Issuer; 

  

	
	 
	6

	 	4.5.2	 notify the relevant Issuer forthwith of the non-receipt of the
proceeds of issue in respect of the Defaulted Note; and, subsequently, 

  

	 	4.5.3	 notify the relevant Issuer forthwith upon receipt of the full proceeds of issue in respect of such
Defaulted Note and pay to the relevant Issuer the amounts so received. 

  

	4.6	 The Fiscal Agent shall hold in safe custody all unauthenticated Global Notes delivered to it in
accordance with this Clause 4 and shall ensure that the same are authenticated and delivered only in accordance with the terms hereof and, if applicable, the relevant Global Note. The relevant Issuer shall ensure that each of the Fiscal Agent holds
sufficient Global Notes to fulfil its respective obligations under this Clause 4. The Fiscal Agent undertakes to notify the relevant Issuer if it holds insufficient Global Notes for such purposes. 

 

	4.7	 The Fiscal Agent is authorised by each Issuer to authenticate such Global Notes as may be required to be
authenticated hereunder by the signature of any person duly authorised for the purpose by the Fiscal Agent. 

  

	4.8	 In the event that a person who has signed on behalf of the relevant Issuer any Note not yet issued but
held by the Fiscal Agent in accordance with Clause 4.6 ceases to be authorised, the Fiscal Agent shall (unless the relevant Issuer gives written notice to the Fiscal Agent that Notes signed by that person do not constitute valid and binding
obligations of the relevant Issuer or otherwise until replacements have been provided to the Fiscal Agent) continue to have authority to issue any such Global Notes, and the relevant Issuer hereby warrants to the Fiscal Agent that such Global Notes
shall, unless notified as aforesaid, be valid and binding obligations of the relevant Issuer. Promptly upon such person ceasing to be authorised, the relevant Issuer shall provide the Fiscal Agent with replacement Global Notes and upon receipt of
such replacement Global Notes the Fiscal Agent shall cancel and destroy the Notes held by it which are signed by such person and shall provide to the relevant Issuer a confirmation of destruction in respect thereof specifying the Notes so cancelled
and destroyed. 

  

	4.9	 Subject to the procedures set out in the Procedures Memorandum, for the purposes of this Clause 4 each
of the Fiscal Agent is entitled to treat a telephone or telefax communication from a person purporting to be (and who the Fiscal Agent believes in good faith to be) the authorised representative of the relevant Issuer named in the list referred to
in, or notified pursuant to, Clause 11.7 as sufficient instructions and authority of the relevant Issuer for the Fiscal Agent to act in accordance with this Clause 4. 

 

	4.10	 If the Fiscal Agent, in its discretion, pays an amount (the “Advance”) to the relevant
Issuer on the basis that a payment (the “Payment”) has been or will be, received from a Dealer and if the Payment is not received by the Fiscal Agent on the date the Fiscal Agent pays the relevant Issuer, the relevant Issuer
(failing which the Guarantor, if Linde Finance is the Relevant Issuer) shall repay to the Fiscal Agent the Advance and shall pay interest on the Advance (or the unreimbursed portion thereof) from (and including) the date such Advance is made to (but
excluding) the earlier of repayment in full of the Advance and receipt in full by the Fiscal Agent of the Payment from the Dealer (at a rate quoted at that time by the Fiscal Agent as its cost of funding the Advance). 

  

	
	 
	7

	5	 Exchange of Notes 

Upon any exchange of all or a part of the Notes represented by a Temporary Global Note for Notes represented by a Permanent Global Note, the
Fiscal Agent shall: 
  

	5.1	 prepare, complete and authenticate such Permanent Global Note in accordance with the terms hereof and of
such Global Note; 

  

	5.2	 deliver such Permanent Global Note to, or to the depositary for, the Relevant Clearing System which is
holding the Temporary Global Note (if such Permanent Global Note is an NGN, to the Common Safekeeper to effectuate the same, as applicable); 

  

	5.3	 instruct the Relevant Clearing System to make all notations on the Global Notes as may be required
reflecting the reduction, respectively the increase, of the aggregate principal amount of the respective Global Note; and 

  

	5.4	 in the case of any Global Note which is an NGN, instruct CBL and Euroclear to make appropriate entries
in their records to reflect such exchange. 

 In the case of a total exchange, the Fiscal Agent shall cancel or arrange for
the cancellation of the relevant Global Note. 
  

	6	 Payments 

  

	6.1	 Each Issuer (failing which the Guarantor, if Linde Finance is the Relevant Issuer) shall not later than
9 hours (local time in the relevant financial centre of the currency payable which include Japanese yen, New Zealand dollar, Hong Kong dollar and Australian dollar as well as euro) or in case of Pound sterling not later than 10 hours (Frankfurt
time) or in case of U.S. dollar, Canadian dollar not later than 15 hours (Frankfurt time) – any other currencies need to be checked with the Fiscal Agent prior to payment – on each date on which any payment in respect of any Note becomes
due, transfer to such account as the Fiscal Agent shall specify such amount in the currency in which the relevant payment falls to be made as shall be sufficient for the purposes of such funds being settled through such payment system as the Fiscal
Agent and the relevant Issuer may agree. The Fiscal Agent shall not be liable to account for interest on money paid to it by the relevant Issuer. Money held by the Fiscal Agent need not to be segregated except as required by law.

  

	6.2	 The relevant Issuer (failing which the Guarantor, if Linde Finance is the Relevant Issuer) shall ensure
that not later than 10.00 a.m. (Frankfurt time) on the third Frankfurt business day immediately preceding the date on which any payment is to be made to the Fiscal Agent pursuant to sub-clause 6.1, the Fiscal
Agent shall receive an irrevocable payment confirmation from the paying bank of the relevant Issuer. 

  

	6.3	 Subject to the receipt by the Fiscal Agent of the payment as provided in
sub-clause 6.1 above, the Fiscal Agent or the relevant Paying Agent shall pay or cause to be paid all amounts due in respect of the Notes on behalf of the relevant Issuer and (if Linde Finance is the Relevant
Issuer) the Guarantor in the manner provided in the Conditions. If any payment provided for in sub-clause 6.1 is made late but otherwise in accordance with the provisions of this Agreement, the Fiscal Agent
and/or each Paying Agent shall nevertheless make payments in respect of the Notes as aforesaid following receipt by it of such payment. The Fiscal Agent shall, as soon as reasonably possible on the business day following the due date, notify the
relevant Issuer if it has not received such payment from the relevant Issuer. 

  

	6.4	 If the Fiscal Agent has reason to believe that the amounts to be received by the Fiscal Agent pursuant
to sub-clause 6.1 will be, or the amounts actually received by it pursuant thereto are, insufficient to satisfy all claims in respect of all payments then falling due in respect of the Notes, neither the
Fiscal Agent nor any Paying Agent shall be obliged to pay any such claims until the Fiscal Agent, has received the full amount of all such payments. 

  

	
	 
	8

	6.5	 The Fiscal Agent shall not be obliged to repay any moneys paid to it by an Issuer in respect of any Note
or the Guarantor in respect of the Guarantee unless or until claims against the relevant Issuer or the Guarantor in respect of the relevant Notes or the Guarantee are prescribed or the obligation to make the relevant payment ceases in accordance
with the Conditions or the terms of the Guarantee. In such event it shall upon the request of the relevant Issuer repay, as soon as practicable, to the relevant Issuer or the Guarantor, as the case may be, such portion of such amount as relates to
such claim or payment by paying the same by credit transfer to such account with such bank as the relevant Issuer or the Guarantor may by notice to the Fiscal Agent have specified for this purpose, provided the Fiscal Agent still holds the relevant
amount. 

  

	6.6	 If the Fiscal Agent pays any amounts to the Holders or to any Paying Agent at a time when it has not
received payment in full in respect of the relevant Notes in accordance with sub-clause 6.1 (the excess of the amounts so paid over the amounts so received being the “Shortfall”), the relevant
Issuer (failing which the Guarantor, if Linde Finance is the Relevant Issuer) shall, in addition to paying amounts due under sub-clause 6.1, pay to the Fiscal Agent on demand interest (at a rate which
represents the Fiscal Agent’s cost of funding the Shortfall) on the Shortfall (or the unreimbursed portion thereof) until the receipt in full by the Fiscal Agent of the Shortfall. 

 

	6.7	 Where Notes are represented by a Global Note, all payments due in respect of such Notes shall be made
to, or to the order of, the holder of the Global Note, subject to and in accordance with the provisions of the Global Note and the Conditions. 

  

	6.8	 lf the amount of principal and/or interest then due for payment is not paid in full (otherwise than by
reason of a deduction required by law to be made therefrom), the Fiscal Agent to which a Note is presented for the purpose of making such payment shall make a record of such Shortfall on the Note and such record shall, in the absence of manifest
error, be prima facie evidence that the payment in question has not to that extent been made. 

  

	7	 Miscellaneous Duties of the Fiscal Agent and the Paying Agent(s) 

 

	7.1	 If the Notes of the relevant Tranche are initially represented by a Temporary Global Note the following
provisions shall apply in the case that the relevant Clearing System does not determine the Exchange Date on the end of the distribution compliance period: 

  

	 	7.1.1	 The Fiscal Agent shall determine the Exchange Date for such Temporary Global Note in accordance with the
terms thereof. Forthwith upon determining the Exchange Date in respect of any Tranche in accordance with the Conditions, the Fiscal Agent shall notify such determination to the relevant Issuer, the Guarantor (if Linde Finance is the Relevant
Issuer), the Relevant Dealer and the Clearing System. 

  

	 	7.1.2	 In the case of a Tranche in respect of which there is only one Relevant Dealer, the Fiscal Agent will
determine the end of the distribution compliance period in respect of such Tranche as being the fortieth day following the date certified by the Relevant Dealer to the Fiscal Agent as being the date as of which distribution of the Notes of that
Tranche was completed. 

  

	
	 
	9

	 	7.1.3	 In the case of a Tranche in respect of which there is more than one Relevant Dealer but which is not
issued on a syndicated basis, the Fiscal Agent will determine the end of the distribution compliance period in respect of such Tranche as being the fortieth day following the latest of the dates certified by all the Relevant Dealers to the Fiscal
Agent as being the respective dates as of which distribution of the Notes of that Tranche purchased by each such Relevant Dealer was completed. 

  

	 	7.1.4	 In the case of a Tranche issued on a syndicated basis, the Fiscal Agent will determine the end of the
distribution compliance period in respect of such Tranche as being the fortieth day following the date certified by the Lead Manager to the Fiscal Agent as being the date as of which distribution of the Notes of that Tranche was completed.

  

	 	7.1.5	 Forthwith upon determining the end of the distribution compliance period in respect of any Tranche, the
Fiscal Agent shall notify such determination to the relevant Issuer, the Guarantor (if Linde Finance is the Relevant Issuer), the Clearing System and the Relevant Dealer(s) (in the case of a non-syndicated
issue) or the Lead Manager (in the case of a syndicated issue). 

  

	7.2	 In the case the Notes of the relevant Tranche are to be listed on Euro MTF market of the Luxembourg
Stock Exchange or, as the case may be, any further stock exchange and where the rules of such stock exchange require submission of the Final Terms for the listing of such Notes only, the relevant Issuer shall deliver to the Luxembourg Listing Agent
a copy of the Final Terms in relation to such Tranche and, in the case Part I of the Final Terms replicates the relevant provisions of Option I or Option II and completes the relevant placeholders in Option I or Option II, as relevant, the
Conditions to such stock exchange or the relevant listing agent as agreed between the relevant Issuer and the Relevant Dealer and notified to the Fiscal Agent as soon as practicable but in any event, subject to the timely receipt thereof, not later
than the time required by such stock exchange for submission of Final Terms. 

  

	7.3	 The Fiscal Agent shall not have any responsibility in respect of the listing of Notes to be issued under
the Programme on any German stock exchange. If in respect of any Tranche of Notes, the applicable Final Terms provide for the listing of such Tranche on a German stock exchange, the Relevant Dealer shall attend to obtaining such listing.

  

	7.4	 Upon the receipt by the Fiscal Agent of a demand or notice from any Holder in accordance with the
Conditions the Fiscal Agent shall forward a copy thereof to the relevant Issuer and (if Linde Finance is the Relevant Issuer) the Guarantor. 

  

	7.5	 On behalf of and at the request and expense of the relevant Issuer the Fiscal Agent shall cause to be
published, or delivered to Holders, all notices required to be given by the relevant Issuer or the Guarantor (if Linde Finance is the Relevant Issuer) to the Holders in accordance with the Conditions. The final version of such notices shall be
delivered to the Fiscal Agent by e-mail and confirmed by telefax signed by duly authorised signatories: 

  

	 	7.5.1	 with respect to notices to be published in a daily newspaper (i) in the United Kingdom not later
than 10.00 a.m. on the ninth Frankfurt business day prior to the date of publication, (ii) in the Federal Republic of Germany or Luxembourg not later than 10.00 a.m. on the seventh Frankfurt business day prior to the date of publication, and
(iii) in any other country on such date and time as shall be agreed between the relevant Issuer and the Fiscal Agent on a case by case basis; 

  

	 	7.5.2	 with respect to notices to be communicated via the Clearing System not later than 10.00 a.m. on the
second Frankfurt business day prior to the date of transmission to the Clearing System; and 

  

	
	 
	10

	 	7.5.3	 with respect to notices to be published on the website of the Luxembourg Stock Exchange not later than
10.00 a.m. on the fourth Frankfurt business day prior to the date of publication. 

  

	 	7.5.4	 with respect to notices to be published in the Federal Gazette (Bundesanzeiger) not later than
10.00 a.m. on the fifth Frankfurt business day prior to the date of publication; 

 In determining the time limits above
the relevant Issuer shall take into account the respective periods according to the Conditions after the expiration of which such notices are deemed to have been validly given to the Holders. 

 

	7.6	 If the relevant Issuer is, in respect of any payment, required to withhold or deduct any amount for or
on account of taxes or duties of whatever nature as specifically contemplated under the Conditions, the relevant Issuer and/or the Guarantor (if Linde Finance is the Relevant Issuer) shall give notice thereof to the Fiscal Agent as soon as it
becomes aware of the requirement to make such withholding or deduction and shall give to the Fiscal Agent such information as either of them shall require to enable it to comply with such requirement. With respect to any withholding or deduction
pursuant to § 7 of the Terms and Conditions, the relevant Issuer shall contact the Fiscal Agent first to clarify if and how such requirement could technically be complied with by the Fiscal Agent. 

 

	7.7	 The executed Guarantee shall be deposited with the Fiscal Agent and shall be held in safe custody by it
on behalf of the Holders at its Specified Office for the time being. The Fiscal Agent shall upon request issue a certified copy of the Guarantee to a Holder for the purposes set out in Clause 11 of the Guarantee. 

 

	7.8	 The Paying Agent(s) shall hold available for inspection at their Specified Offices during normal
business hours copies of all documents required to be so available as provided in the Prospectus, or in relation to any Notes, the Conditions or Final Terms in respect of such Notes, or as may be required by the rules of any stock exchange on which
the Notes may be listed. 

  

	7.9	 For the above purposes, the Issuers shall furnish to the Fiscal Agent for distribution among the Paying
Agent(s) sufficient copies of each of the relevant documents. 

  

	7.10	 In respect of any Series of Notes that are NGNs, each Paying Agent agrees that if any information that
is required by the Fiscal Agent to perform the duties set out in Schedule 2 hereto becomes known to it, it will promptly provide such information to the Fiscal Agent. 

 

	7.11	 Each of the Agents shall severally indemnify Linde plc and Linde Finance against any claim, demand,
action, liability, loss or expense (including legal fees and any applicable value added tax) which either of them may incur, as a result or arising out of any negligent or wilful breach by such Agent of its obligations under this Agreement. The
indemnification shall continue after the expiry or termination of this Agreement provided that the negligent or wilful breach by such Agent of its obligations under this Agreement occurred before the expiry or termination of this Agreement.

  

	7.12	 Upon fulfilment of all payment obligations of the relevant Issuer in respect of any Notes, the Fiscal
Agent shall procure that the relevant Global Note (other than an NGN intended to be held in a manner, which would allow Eurosystem eligibility) is cancelled and shall deliver a certificate of destruction to the relevant Issuer.

  

	
	 
	11

	7.13	 Each Issuer undertakes to notify the Fiscal Agent of any changes in the identity of the Dealers
appointed generally in respect of the Programme and the Fiscal Agent agrees to notify the other Paying Agent(s) thereof. 

  

	7.14	 If the presentation period in respect of Notes as specified in Clause 8 of the Conditions of the Notes
shall have lapsed and provided that there is no outstanding bona fide and proper claim in respect of any payment in respect of the Notes, the Fiscal Agent shall on demand pay to the relevant Issuer or the Guarantor, as the case may be, sums
equivalent to any amounts paid to it by the relevant Issuer or the Guarantor, as the case may be, for the purposes of such payments, provided the Fiscal Agent still holds the relevant amount. 

 

	8	 Appointment and Duties of the Calculation Agent 

 

	8.1	 Except for the calculation of the Early Redemption Amount pursuant to § 5[(8)(b)] of Option I of
the Terms and Conditions, the Fiscal Agent may be appointed as Calculation Agent in respect of any Series of Notes by agreement with the relevant Issuer. The Fiscal Agent shall be deemed to having agreed to act as Calculation Agent in respect of a
Series if it shall have been named as Calculation Agent in the relevant Final Terms not later than five Frankfurt business days before the Issue Date or, if earlier, the first date on which it is required to make any calculation or determination and
shall not have notified the relevant Issuer that it does not wish to be so appointed within three Frankfurt business days of receipt by it of the relevant Final Terms. 

 

	8.2	 If the Fiscal Agent has agreed, or is deemed to have agreed to act as Calculation Agent, it shall
perform all matters expressed to be performed by it in, and otherwise comply with, the Conditions and the provisions of this Agreement and, in connection therewith, shall take all such action as may be incidental thereto. 

 

	8.3	 The Calculation Agent shall in respect of each Series of Notes in relation to which it is appointed as
such: 

  

	 	8.3.1	 obtain such quotes and rates and/or make such determinations, calculations, adjustments, notifications
and publications as may be required to be made by it by the Conditions at the times and otherwise in accordance with the Conditions; and 

  

	 	8.3.2	 maintain a record of all quotations obtained by it and of all amounts, rates and other items determined
or calculated by it and make such record available for inspection at all reasonable times during normal business hours by the relevant Issuer and the Paying Agent(s). 

 

	8.4	 Notwithstanding any other provision of §3(3) of Option II of the Terms and Conditions, if, in the
Calculation Agent’s opinion there is any uncertainty between two or more alternative courses of action in making any determination or calculation under §3(3) of Option II of the Terms and Conditions, the Calculation Agent shall promptly
notify the relevant Issuer thereof and the relevant Issuer shall direct the Calculation Agent in writing as to which alternative course of action to adopt. If the Calculation Agent is not promptly provided with such direction, or is otherwise unable
to make such calculation or determination for any reason, it shall notify the relevant Issuer thereof and the Calculation Agent shall be under no obligation to make such calculation or determination and shall not incur any liability for not doing
so. 

  

	8.5	 Notwithstanding any other provision of §3(3) of Option II the Terms and Conditions, neither the
relevant Issuer nor the Independent Adviser (as the case may be) shall be able to effect any Benchmark Amendments which, in the sole opinion of the Fiscal Agent, Calculation Agent or the Paying Agent, would have the effect of increasing the
obligations or duties, or decreasing the rights or protections, of the Fiscal Agent, Calculation Agent or the Paying Agent (as the case may be). 

  

	
	 
	12

	9	 Early Redemption of Notes 

 

	9.1	 If the relevant Issuer decides to redeem any Notes for the time being outstanding prior to their
Maturity Date in accordance with the Conditions, it shall give notice of such decision to the Fiscal Agent not less than 14 Frankfurt business days before the date on which it will give notice to the Holders in accordance with the Conditions of such
redemption in order to enable the Fiscal Agent to undertake its obligations herein and in the Conditions. 

  

	9.2	 lf only some of the Notes are to be redeemed on such date, the Fiscal Agent shall take the required
steps for identifying the Notes to be redeemed in accordance with the Conditions. 

  

	9.3	 The Fiscal Agent shall publish the notice required in connection with any such redemption. Such notice
shall specify the matters relevant in respect of such redemption in accordance with the provisions of the Conditions. The Fiscal Agent will also notify the other Paying Agent(s) of any date fixed for redemption of any Notes. 

 

	9.4	 The Fiscal Agent will keep a stock of redemption notices (in the form of Schedule 4
attached hereto or in such form as may be agreed between the Issuers and the Fiscal Agent) and will make such notices available on demand to Holders of Notes, the Conditions of which provide for redemption at the option of Holders. The Fiscal Agent
shall, upon receipt of any such redemption notice, notify forthwith the relevant Issuer thereof. At the end of each period for the exercise of such option, the Fiscal Agent shall promptly notify the relevant Issuer of the principal amount of Notes
together with their securities identification numbers in respect of which such option has been exercised. 

  

	10	 Fees and Expenses 

 

	10.1	 The relevant Issuer (failing which the Guarantor, if Linde Finance is the Relevant Issuer) shall pay to
the Fiscal Agent for its own account and for the account of the Paying Agent(s), as long as such Paying Agent(s) belong to the group of companies controlled by the Fiscal Agent, and, in case the Fiscal Agent acts as Calculation Agent, the
Calculation Agent, such fees as may have been agreed between them and the Fiscal Agent in respect of the services of such Agents hereunder. The relevant Issuer (failing which the Guarantor, if Linde Finance is the Relevant Issuer) shall pay to any
Calculation Agent such fees as may have been agreed between the relevant Issuer and the Guarantor (if Linde Finance is the Relevant Issuer) and such Calculation Agent in respect of its services hereunder. 

 

	10.2	 The relevant Issuer (failing which the Guarantor, if Linde Finance is the Relevant Issuer) shall
reimburse each Agent for all expenses (including legal fees and any applicable value added tax) properly incurred in connection with its services hereunder. 

  

	10.3	 The relevant Issuer (failing which the Guarantor, if Linde Finance is the Relevant Issuer) shall pay all
stamp, documentary, registration and other taxes and duties (including any interest and penalties thereon or in connection therewith) which may be payable upon or in connection with the execution and delivery of this Agreement and any letters of
appointment under which any Agent is appointed as agent hereunder. The Issuers shall indemnify (failing which the Guarantor, if Linde Finance is the Relevant Issuer) each Agent against any claim, demand, action, liability, loss or expense (including
legal fees and any applicable value added tax) which it may incur or which may be made against it as a result or arising out of any failure to pay or delay in paying any of the amounts on account of any such documentary and other taxes and duties.

  

	
	 
	13

	11	 Terms of Appointment 

 

	11.1	 Each of the Agents and (in the case of (b), (d), (e) and (f)) each Calculation Agent may, in connection
with its services hereunder: 

  

	 	11.1.1	 except as ordered by a court of competent jurisdiction or as required by law, treat the bearer of any
Note as the owner thereof and make payments thereon accordingly; 

  

	 	11.1.2	 assume that the terms of each Note as issued are correct; 

 

	 	11.1.3	 refer any question relating to the ownership of any Note or the adequacy or sufficiency of any evidence
supplied in connection with the replacement of any Note to the relevant Issuer for determination by such Issuer and rely upon any determination so made; 

  

	 	11.1.4	 rely upon the terms of any notice, communication or other document reasonably believed by it to be
genuine; 

  

	 	11.1.5	 engage and pay for the advice or services of any lawyers or other experts whose advice or services may
to it seem necessary and rely upon any advice so obtained. Such Agent shall be protected and shall incur no liability as against Linde plc or Linde Finance in respect of any action taken, or suffered to be taken, in accordance with such advice and
in good faith; and 

  

	 	11.1.6	 treat itself as being released from any obligation to take any action hereunder which it reasonably
expects will result in any expense or liability to it, the payment of which within a reasonable time is not, in its reasonable opinion, assured to it. 

  

	11.2	 In acting hereunder and in connection with the Notes, the Agents shall act solely as agents of Linde plc
and Linde Finance and will thereby not assume any obligations towards or relationship of agency or trust for or with any of the Holders. 

  

	11.3	 In acting hereunder and in connection with the Notes, the Agents shall not be liable for the legality,
validity or enforceability of any Note. 

  

	11.4	 Each Agent may purchase, hold and dispose of Notes and may enter into any transaction (including, among
other transactions, any depositary, trust or agency transaction) with any Holder or with any other party hereto in the same manner as if it had not been appointed as the agent of Linde plc and Linde Finance. 

 

	11.5	 The Issuers (failing which the Guarantor, if Linde Finance is the Relevant Issuer) shall indemnify each
Agent against any claim, demand, action, liability, loss or expense (including legal fees and any applicable value added tax) which such Agent may incur, otherwise than as a result of or arising out of any negligent or wilful breach by such Agent of
its obligations under this Agreement. The indemnification shall continue after the expiry or termination of this Agreement. 

  

	11.6	 The obligations of the Agents hereunder shall be several, and not joint. 

  

	
	 
	14

	11.7	 Each of the Issuers shall provide the Fiscal Agent with a list of persons authorised to execute
documents and take action on its behalf in connection with this Agreement, such list to be signed by two duly authorised signatories of Linde plc and Linde Finance, respectively. Linde plc and Linde Finance shall notify the Fiscal Agent immediately
if any of such persons ceases to be so authorised or if any additional person becomes so authorised by notice signed by two duly authorised signatories of Linde plc and Linde Finance, as the case may be. 

 

	12	 Warranties and Undertakings 

As at the date of this Agreement, Linde plc and Linde Finance hereby warrants in respect of itself only, and Linde plc in respect of Notes
issued by Linde Finance warrants in its capacity as Guarantor jointly and severally with Linde Finance to the Fiscal Agent: 
  

	12.1	 that neither the U.S. Office of Foreign Assets Control of the U.S. Department of the Treasury
(“OFAC”), the U.S. Department of State, the United Nation Security Council (“UNSC”), the European Union (the “EU”) nor Her Majesty’s Treasury has imposed any sanctions against Linde plc, Linde
Finance or, to the best knowledge of Linde plc and Linde Finance, against any of their subsidiaries, directors, or officers, or any of their employees who will act in any capacity in connection with or benefit from the Programme because of the
violation of any laws and regulations administered by OFAC, the U.S. Department of State, the UNSC, the EU or Her Majesty’s Treasury, respectively. 

This representation is only made to the extent that it does not result in a violation of or conflict with Section 7 of the German Foreign
Trade Ordinance (§ 7 Außenwirtschaftsverordnung - AWV), any provision of Council Regulation (EC) No 2271/96 (or any law or regulation imposing penalties in respect of such regulation in the United Kingdom or any
member state of the European Union) or any similar applicable blocking or anti-boycott statue in any member state of the European Union or the United Kingdom. 
  

	12.2	 that Linde plc and Linde Finance will not use the proceeds from the issuance of Notes under the
Programme in violation of any laws and regulations administered by OFAC, the U.S. Department of State, UNSC, the EU and the United Kingdom, respectively. 

This undertaking is only given to the extent that it does not result in a violation of or conflict with Section 7 of the German Foreign
Trade Ordinance (§ 7 Außenwirtschaftsverordnung - AWV), any provision of Council Regulation (EC) No 2271/96 (or any law or regulation imposing penalties in respect of such regulation in the United Kingdom or any
member state of the European Union) or any similar applicable blocking or anti-boycott statue in any member state of the European Union or the United Kingdom. 
  

	12.3	 that Linde plc is a public limited company duly established under the laws of the Republic of Ireland
with full power and authority to own its assets and to conduct its business as described in the Prospectus; 

  

	12.4	 that Linde Finance is a private company with limited liability (besloten vennootschap met beperkte
aansprakelijkheid) duly incorporated under Dutch law with full power and authority to own its assets and to conduct its business as described in the Prospectus; 

 

	12.5	 that the execution and delivery of this Agreement, have been duly authorised by Linde plc and/or Linde
Finance and this Agreement constitutes legal, valid and binding obligations of Linde plc and Linde Finance enforceable in accordance with its terms subject to the laws of bankruptcy and other laws affecting the rights of creditors generally;

  

	12.6	 that the execution and delivery of this Agreement will not infringe any law or regulation of its
jurisdiction of incorporation and are not contrary to the provisions of the constitutional documents of Linde plc and/or Linde Finance and will not result in any violation of the terms of any instrument or agreement to which Linde plc and/or Linde
Finance is a party or by which Linde plc and/or Linde Finance or their respective property is bound; and 

  

	
	 
	15

	12.7	 that all licences, consents, approvals, authorisations, orders and clearances of all regulatory
authorities required by the relevant Issuer and/or the Guarantor for or in connection with the execution and delivery of, and compliance with the terms of, this Agreement have been obtained and are in full force and effect. 

 

	13	 Know-your Customer 

Upon the request of any Agent, each of the Issuers and the Guarantor shall promptly supply or procure the supply of such documentation and
other evidence as is reasonably required by the Agent to carry out and be satisfied to have complied with all necessary “know your customer” or similar checks under all applicable laws and regulations. 

 

	14	 Changes in Agents 

 

	14.1	 The Fiscal Agent may (subject as provided in sub-clause 14.3
below) at any time resign as Fiscal Agent by giving at least 45 days’ written notice to Linde plc and Linde Finance of such intention on its part, specifying the date on which its desired resignation shall become effective.

  

	14.2	 The Fiscal Agent may (subject as provided in sub-clause 14.3
below) be removed at any time by Linde plc and Linde Finance on at least 45 days’ notice by the filing with it of an instrument in writing signed on behalf of Linde plc and Linde Finance specifying such removal and the date when it shall become
effective. 

  

	14.3	 Any resignation under sub-clause 14.1 or removal under sub-clauses 14.2 or 14.4 shall only take effect upon the appointment by Linde plc and Linde Finance as hereinafter provided, of a successor Fiscal Agent and (other than in cases of insolvency of the Fiscal Agent) on
the expiry of the notice to be given under Clause 14. Linde plc and Linde Finance agree with the Fiscal Agent that if, by the day falling ten days before the expiry of any notice under sub-clause 14.1, Linde
plc and Linde Finance have not appointed a successor Fiscal Agent, then the Fiscal Agent shall be entitled, on behalf of Linde plc and Linde Finance, to appoint as a successor Fiscal Agent in its place a reputable financial institution of good
standing which Linde plc and Linde Finance shall approve (such approval not to be unreasonably withheld or delayed). 

  

	14.4	 In case at any time the Fiscal Agent resigns, or is removed, or becomes incapable of acting or is
adjudged bankrupt or insolvent, or files a voluntary petition in bankruptcy or makes an assignment for the benefit of its creditors or consents to the appointment of an administrator, liquidator or administrative or other receiver of all or a
substantial part of its property, or admits in writing its inability to pay or meet its debts as they mature or suspends payment thereof, or if any order of any court is entered approving any petition filed by or against it under the provisions of
any applicable bankruptcy or insolvency law a successor Fiscal Agent, which shall be a reputable financial institution of good standing may be appointed by Linde plc and Linde Finance by an instrument in writing filed with the successor Fiscal
Agent. Upon the appointment as aforesaid of a successor Fiscal Agent and acceptance by the latter of such appointment and (other than in case of insolvency of the Fiscal Agent when it shall be of immediate effect) upon expiry of the notice to be
given under Clause 15, the Fiscal Agent so superseded shall cease to be the Fiscal Agent hereunder. 

  

	
	 
	16

	14.5	 Subject to the applicable provisions of the Conditions, Linde plc and Linde Finance may, after prior
consultation with the Fiscal Agent, terminate the appointment of any Paying Agent or Calculation Agent at any time and/or appoint one or more further Paying Agent(s) or Calculation Agent by giving to the Fiscal Agent, and to the relevant Paying
Agent at least 45 days’ notice in writing to that effect (other than in the case of insolvency of the Paying Agent or Calculation Agent). 

  

	14.6	 Subject to the applicable provisions of the Conditions, any Paying Agent or Calculation Agent may resign
its appointment hereunder at any time by giving Linde plc and Linde Finance and the Fiscal Agent at least 45 days’ written notice to that effect. 

  

	14.7	 Upon its resignation or removal becoming effective, the Fiscal Agent: 

 

	 	14.7.1	 shall forthwith transfer all moneys held by it hereunder and, if applicable, the documents and records
referred to in Clauses 7.7, 7.8, 7.9 and 16 and all Notes surrendered and not yet destroyed to the successor Fiscal Agent hereunder; and 

  

	 	14.7.2	 shall be entitled to the payment by Linde plc and Linde Finance of its fees and expenses for the
services therefore rendered hereunder in accordance with the terms of Clause 10. 

  

	14.8	 Upon its appointment becoming effective, a successor Fiscal Agent or Calculation Agent and any new
Paying Agent shall, without further act, become vested with all the rights, duties and obligations of its predecessor or, as the case may be, a Paying Agent with like effect as if originally named as Fiscal Agent or (as the case may be) a Paying
Agent or Calculation Agent hereunder. 

  

	14.9	 lf the Fiscal Agent or any Paying Agent or Calculation Agent determines to change its Specified Office
it shall (after having, in any such case other than a change of Specified Office within the same country, obtained the prior written approval of Linde plc and Linde Finance thereto) give to Linde plc and Linde Finance and (if applicable) the Fiscal
Agent written notice of such determination giving the address of the new Specified Office which shall be in the same country and stating the date on which such change is to take effect, which shall not be less than 45 days thereafter. The Fiscal
Agent (on behalf of the Issuers (failing which the Guarantor, if Linde Finance is the Relevant Issuer)) shall within 15 days of receipt of such notice (unless the appointment of the Fiscal Agent or the Paying Agent or Calculation Agent, as the case
may be, is to terminate pursuant to the above sub-clauses on or prior to the date of such change) give or cause to be given not more than 45 days’ nor less than 30 days’ notice thereof to the Holders
in accordance with the Conditions. 

  

	15	 Merger and Consolidation 

Any corporation into which the Fiscal Agent, Paying Agent or Calculation Agent may be merged or converted, or any corporation with which the
Fiscal Agent, Paying Agent or Calculation Agent may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Fiscal Agent, Paying Agent or Calculation Agent shall be a party, or any corporation to which
the Fiscal Agent, Paying Agent or Calculation Agent shall sell or otherwise transfer all or substantially all the assets of the Fiscal Agent, Paying Agent or Calculation Agent shall, on the date when such merger, conversion, consolidation or
transfer becomes effective and to the extent permitted by any applicable laws, become the successor Fiscal Agent, Paying Agent or Calculation Agent under this Agreement without the execution or filing of any paper or any further act on the part of
the parties hereto, unless otherwise required by Linde plc or Linde Finance and after the said effective date all references in this Agreement to the Fiscal Agent, Paying Agent or Calculation Agent shall be deemed to be references to such
corporation. Written notice of any such merger, conversion, consolidation or transfer shall be given to Linde plc and Linde Finance by the Fiscal Agent, Paying Agent or Calculation Agent concerned. 

  

	
	 
	17

	16	 Notification of Changes in Agents 

Following receipt of notice of resignation from the Fiscal Agent, Paying Agent or Calculation Agent and forthwith upon appointing a successor
Fiscal Agent, Paying Agent or Calculation Agent or on giving notice to terminate the appointment of any Fiscal Agent, Paying Agent or Calculation Agent, the Fiscal Agent shall give or cause to be given not more than 45 days’ nor less than 30
days’ notice thereof to the Holders in accordance with the Conditions. Such notice shall be on behalf and at the expense of the Issuers unless the resignation from or termination of the appointment is solely attributable to the party giving
notice in which case such party shall bear the costs. 
  

	17	 Communication between the Parties 

A copy of all communications relating to the subject matter of this Agreement between the Issuers or (the Guarantor, if Linde Finance is the
Relevant Issuer) and the Holders on the one hand and any of the Paying Agent(s) (other than the Fiscal Agent or the Calculation Agent) on the other hand shall be sent by the Paying Agent or the Calculation Agent to the Fiscal Agent. 

 

	18	 Taxes and Stamp Duties 

Linde plc and Linde Finance agree to pay any and all stamp, registration or documentary taxes or duties which may be payable in connection with
the execution, delivery, performance and enforcement of this Agreement. 
  

	19	 Power of Attorney 

If Linde Finance is represented by an attorney or attorneys in connection with the signing and/or execution and/or delivery of this Agreement
or any agreement or document referred to herein or made pursuant hereto and the relevant power or powers of attorney is or are expressed to be governed by the laws of the Netherlands, it is hereby expressly acknowledged and accepted by the other
parties hereto that such laws shall govern the existence and extent of such attorney’s or attorneys’ authority and the effects of the exercise thereof. 
  

	20	 Notices and Communications 

 

	20.1	 All notices and communications under this Agreement shall be by letter or telefax, posted or delivered
by hand, or (but only where specifically provided in the Procedures Memorandum) by telephone. Each notice or communication shall be given as follows or in any other form of communication agreed between the parties: 

  

	
	 
	18

	 	20.1.1	 if to Linde plc, at: 

Linde plc 
 Ten Earlsfort
Terrace 
 Dublin 2, D02 T380 

Republic of Ireland 

Telephone:      +44 7799 342124 

Attention:        Treasury 
  

	 	20.1.2	 if to Linde Finance, at: 

Linde Finance B.V. 

Buitenveldertselaan 106 

1081 AB Amsterdam 

The Netherlands 

Telephone:      +31 20 301 3800 

Telefax:          +31 20 301 3809 

Attention:        The Managing Director 

with a copy thereof to Linde plc at the address or telephone number specified in paragraph (a) above. 

 

	 	20.1.3	 if to the Fiscal Agent, at: 

Deutsche Bank Aktiengesellschaft 

Trust & Agency Services 

Taunusanlage 12 

60325 Frankfurt am Main 

Federal Republic of Germany 

Telephone:      +49 69 910 43530 

Telefax:          +49 69 910 41526 

Attention:       Trust & Agency Services 

e-mail:            
frankfurt.mmi@db.com 
  

	 	20.1.4	 if to the Paying Agent, at: 

Deutsche Bank Aktiengesellschaft 

Trust & Agency Services 

Taunusanlage 12 

60325 Frankfurt am Main 

Federal Republic of Germany 

Telephone:      ++49 69 910 30094 

Telefax:           +49 69 910 38672 

Attention:        Trust & Agency Services 

e-mail:             
frankfurt.debtservices@db.com 

  

	
	 
	19

	 	20.1.5	 if to the Calculation Agent where the Fiscal Agent is the Calculation Agent, at: 

Deutsche Bank Aktiengesellschaft 

Trust & Agency Services 

Taunusanlage 12 

60325 Frankfurt am Main 

Federal Republic of Germany 

Telephone:      +49 69 910 30819 

Telefax:          +49 69 910 38672 

Attention:       Trust & Agency Services 

e-mail:            
frankfurt.corpactions@db.com 
 (or in the case of a Fiscal Agent not originally a party hereto, specified by notice to the other
parties hereto at or about the time of its appointment as the agent of each of the Issuers) 
  

	 	20.1.6	 if to the Calculation Agent where the Fiscal Agent is not the Calculation Agent to it at the address,
telefax number or telephone number, specified by notice to the other parties hereto at or about the time of its appointment as agent of each of the Issuers. 

or, in any case, to such other address, telefax number or telephone number or for the attention of such other person or department as the
addressee has by prior notice to the sender specified for the purpose. 
  

	20.2	 Every notice or communication sent in accordance with sub-clause
20.1.1 shall be effective as follows: 

  

	 	20.2.1	 Letter or Telefax: if sent by letter or telefax, upon receipt by the addressee; 

 

	 	20.2.2	 Telephone: if made on the telephone, upon being made. 

In the case of (a) or (b) above, any such notice or communication which would otherwise take effect after 4.00 p.m. in the place of the
addressee on any particular day shall not take effect until 10.00 a.m. on the immediately succeeding business day in the place of the addressee. 
  

	21	 Governing Law, Place of Jurisdiction and Process Agent 

 

	21.1	 This Agreement and any non-contractual obligations arising out
of or in connection with it shall be governed by, and construed in accordance with, German law. 

  

	21.2	 Any action or other legal proceedings (“Proceedings”) arising out of or in connection
with this Agreement shall be brought in the District Court (Landgericht) in Frankfurt am Main. 

 Nothing contained
herein shall limit the right of any party hereto to take Proceedings against any other party hereto in any other court of competent jurisdiction. 
  

	22	 Severability and Partial Invalidity 

Should any provision of this Agreement be or become invalid in whole or in part, the other provisions shall remain in force. The invalid
provision shall be deemed substituted by a valid provision which accomplishes as far as legally possible the economic purposes of the invalid provision. 

  

	
	 
	20

	23	 Amendment 

This Agreement may be amended by agreement in writing among the parties hereto without the consent of the Holders. 

 

	24	 Counterparts 

This Agreement may be signed in any number of counterparts, all of which, taken together, shall constitute one and the same agreement. 

  

	
	 
	21

 Schedule 1 

Part I: German language form of Global Note 
  

			
	Serien Nr. [•]
		
	Common Code Nr. [•]	  	WKN [•]
		
	ISIN Nr. [•]	  	[Sonstige Wertpapier-Kenn-Nr. [•]

 [Any United States person who holds this obligation will be subject to limitations under the United States income tax
laws including the limitations provided in sections 165(j) and 1287(a) of the Internal Revenue Code.]1 

[LINDE PLC, 

München, Bundesrepublik Deutschland]2 
 [LINDE
FINANCE B.V. 
 Amsterdam, Niederlande]2 

[Vorläufige] [Dauer-] Globalurkunde 

[unter der unbedingten und unwiderruflichen Garantie der 

LINDE PLC]2 
 über 

[bis zu]3 [Währung und Gesamtnennbetrag der Emission] 

SCHULDVERSCHREIBUNGEN 

fällig [Fälligkeitsjahr] 
 Diese
[Vorläufige] [Dauer-] Globalurkunde verbrieft eine ordnungsgemäß genehmigte Emission von [bis zu]3 [Währung und Gesamtnennbetrag der
Emission] Schuldverschreibungen, fällig [Fälligkeitsjahr] (die “Schuldverschreibungen”) der [Linde plc] [Linde Finance B.V.] (die “Emittentin”). Bezugnahmen in dieser
Urkunde auf die “Bedingungen” verstehen sich auf [Falls Teil I der Endgültigen Bedingungen nur auf die betreffenden Angaben der Option I oder der Option II verweist: den Satz der Anleihebedingungen für
[Nullkupon-] Schuldverschreibungen [mit [fester] [variabler] Verzinsung] in der durch die endgültigen Bedingungen für die Schuldverschreibungen (die “endgültigen
Bedingungen”) festgelegten und vervollständigten Form. Die Anleihebedingungen und endgültigen Bedingungen sind dieser Urkunde beigefügt] [Falls Teil I der Endgültigen Bedingungen die betreffenden Angaben der Option
I oder der Option II wiederholt und die betreffenden Leerstellen in Option I oder Option II, je nachdem vervollständigt: die Bedingungen, die dieser Urkunde beigefügt sind]. Die Bedingungen sind Teil dieser
[Vorläufigen] [Dauer-] Globalurkunde. Die in den Bedingungen definierten Begriffe haben, soweit hierin verwendet, in dieser Urkunde die gleiche Bedeutung. 

 
  

	1 	 Dieser Absatz ist entbehrlich, wenn die Schuldverschreibungen eine ursprüngliche Laufzeit von einem Jahr
oder weniger haben. 

	2	 Sofern nicht anwendbar, streichen. 

	3	 Einzufügen im Falle von TEFRA D und falls die Globalurkunde bei CBF eingeliefert wird.

  

	
	 
	22

 Die Emittentin verpflichtet sich, dem Inhaber dieser Urkunde die auf die durch diese
[Vorläufige] [Dauer-] Globalurkunde verbrieften Schuldverschreibungen zahlbaren Beträge gemäß den Bedingungen zu zahlen. 

[Bei jeder Rückzahlung oder jedem Kauf und jeder Entwertung von Schuldverschreibungen, die durch diese [Vorläufige]
[Dauer-] Globalurkunde verbrieft werden, werden die Einzelheiten der Rückzahlung oder des Kaufs und der Entwertung von der oder für die Emittentin in Anhang A zu dieser Urkunde vermerkt. Der entsprechende Vermerk im Anhang A
zu dieser Urkunde, in dem die Rückzahlung oder der Kauf und die Entwertung vermerkt werden, ist von der oder für die Emittentin zu unterzeichnen. Nach der Rückzahlung oder dem Kauf und der Entwertung ist der Gesamtnennbetrag dieser
[Vorläufigen] [Dauer-] Globalurkunde um den gesamten Nennbetrag der zurückgezahlten oder gekauften und entwerteten Schuldverschreibungen reduziert. Der Gesamtnennbetrag dieser [Vorläufigen]
[Dauer-] Globalurkunde nach der Rückzahlung oder dem Kauf und der Entwertung ist dann der jeweils letzte in der betreffenden Spalte in Teil I oder II des Anhangs A zu dieser Urkunde vermerkte Gesamtnennbetrag.]4 
 [Diese Vorläufige Globalurkunde wird gemäß § 1 der Bedingungen gegen
eine Dauer-Globalurkunde ausgetauscht. Bei vollständigem Austausch ist diese Vorläufige Globalurkunde der Emissionsstelle auszuhändigen.] 

[Falls diese Globalurkunde eine NGN5 ist, einfügen: Da diese [Vorläufige] [Dauer-]
Globalurkunde eine NGN ist, wird insbesondere auf § 1 der Bedingungen hingewiesen.] 
 Diese [Vorläufige]
[Dauer-] Globalurkunde unterliegt deutschem Recht. 
 Diese [Vorläufige] [Dauer-] Globalurkunde ist nur
gültig, wenn sie die Kontrollunterschrift der Emissionsstelle oder ihres Beauftragten trägt. 
 [Falls diese Globalurkunde eine NGN ist und
infolge der elektronischen Übertragung zu CBL und Euroclear als Common Safekeeper keine Originalunterschrift der Emittentin tragen wird, einfügen: Zu ihrer Gültigkeit bedarf diese [Vorläufige] [Dauer-]
Globalurkunde der Bestätigung der Wirksamkeit durch den von den ICSDs bestellten Common Safekeeper.] 
 [München]
[Amsterdam], den [Datum] 
 [LINDE PLC] [LINDE FINANCE B.V.] 

 

									
	  
	  	    	  	  
	  		  	
	Unterschriftsberechtigter	  		  	Unterschriftsberechtigter	  		  	

 Kontrollunterschrift (Ohne Obligo, Gewährleistung oder Rückgriff) von 

 
  

	4 	 Dieser Absatz und Anhang A sowie Anhang B entfallen, wenn die Globalurkunde eine NGN ist.

	5 	 Wie in § 1 der Bedingungen definiert. 

  

	
	 
	23

  

Unterschriftsberechtigter 
 [Bestätigung der
Wirksamkeit 
 (ohne Obligo, Gewährleistung oder Rückgriff) durch 

............................................ 

als Common Safekeeper: 
  

 
 Unterschriftsberechtigter]6 
  
  

	6 	 Einzufügen, wenn die Globalurkunde eine NGN ist. 

  

	
	 
	24

 [Falls Teil I der Endgültigen Bedingungen nur auf die betreffenden Angaben der Option I oder der
Option II verweist: 
 Der Satz der Anleihebedingungen für [Nullkupon-] [unverzinsliche] Schuldverschreibungen [mit
[fester] [variabler] Verzinsung] und die endgültigen Bedingungen sind als Anlage beizufügen.] 

[Falls Teil I der Endgültigen Bedingungen die betreffenden Angaben der Option I oder der Option II wiederholt und die betreffenden Leerstellen der
Option I oder der Option II, je nachdem, vervollständigt: 
 Die Bedingungen sind als Anlage beizufügen.] 

  

	
	 
	25

 Anhang A 

Teil I 
 Tilgungen

  

									
	 Tilgungstag
	  	 Gesamtbetrag

des zahlbaren Kapitalbetrages
	  	 Gezahlter

Kapitalbetrag
	  	
Verbleibender
Gesamtnennbetrag
dieser
Globalurkunde
nach Zahlung
	  	 Bestätigung der

Zahlung durch
 oder für die

Emittentin

	

  

	
	 
	26

 Teil II 

Kauf und Entwertung 
  

							
	 Tag des Kaufs und der

Entwertung
	  	 Betrag des Kaufs und

der Entwertung
	  	 Verbleibender

Gesamtnennbetrag
 dieser
Globalurkunde
 nach Kauf und

Entwertung
	  	 Bestätigung des

Kaufs und der
 Entwertung durch

oder für die Emittentin

	

  

	
	 
	27

 [Der Vorläufigen Globalurkunde wird das folgende Muster
beigefügt] 
 Anhang B 

Erfassung der vorgenommenen Austausche 
  

							
	 Datum
	  	 Nennbetrag, der gegen

Dauerglobalurkunde(en)
 ausgetauscht
wurde
	  	 Verbleibender

Gesamtnennbetrag
 nach erfolgtem

Austausch
	  	 Vermerk namens der
Emittentin

	  

	  

	  

	  

	  

	  

	  

	

  

	
	 
	28

 [Die folgenden Muster werden der Bestätigung oder andere üblicherweise verwendete Muster der
Vorläufigen Globalurkunde beigefügt.] 
 Anlage I 

[Form of certificate to be given in relation to exchanges of this Temporary Global Note for the Permanent Global Note:] 

 
  

[LINDE PLC] 
 [LINDE
FINANCE B.V.] 
 [Aggregate principal amount and title of Notes] 

(the “Securities”) 
 This is to
certify that, based solely on certifications we have received in writing, by tested telex or by electronic transmission from member organisations appearing in our records as persons being entitled to a portion of the principal amount set forth below
(our “Member Organisations”) substantially to the effect set forth in the Fiscal Agency Agreement, as of the date hereof, [ ] principal amount of the above-captioned Securities (i) is owned by persons that are not
citizens or residents of the United States, domestic partnerships, domestic corporations or any estate or trust the income of which is subject to United States Federal income taxation regardless of its source (“United States
persons”), (ii) is owned by United States persons that (a) are foreign branches of United States financial institutions (as defined in U.S. Treasury Regulations Section 1. 165-12(c)(1)(iv)
(“financial institutions”)) purchasing for their own account or for resale, or (b) acquired the Securities through and are holding through on the date hereof (as such terms “acquired through” and “holding
through” are described in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(6)) foreign branches of United States financial institutions (and in either case (a) or (b), each such United
States financial institution has agreed, on its own behalf or through its agent, that we may advise the Issuer or the Issuer’s agent that it will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue
Code of 1986, as amended, and the regulations thereunder), or (iii) is owned by United States or foreign financial institutions for purposes of resale during the restricted period (as defined in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and to the further effect that United States or foreign financial institutions described in clause (iii) above (whether or not also described in clause (i) or (ii))
have certified that they have not acquired the Securities for purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions. 

As used herein, “United States” means the United States of America (including the States and the District of Columbia) and its
“possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands. 
 We
further certify (i) that we are not making available herewith for exchange (or, if relevant, exercise of any rights or collection of any interest) any portion of the temporary global security excepted in such certifications and (ii) that
as of the date hereof we have not received any notification from any of our Member Organisations to the effect that the statements made by such Member Organisations with respect to any portion of the part submitted herewith for exchange (or, if
relevant, exercise of any rights or collection of any interest) are no longer true and cannot be relied upon as at the date hereof. 

  

	
	 
	29

 We understand that this certification is required in connection with certain tax laws and, if applicable,
certain securities laws of the United States. In connection therewith, if administrative or legal proceedings are commenced or threatened in connection with which this certification is or would be relevant, we irrevocably authorise you to produce
this certification to any interested party in such proceedings. 
 Date: [    ]* 
 [Clearstream Banking AG / Euroclear Bank SA/NV / Clearstream Banking S.A. / other Clearing
System] 
  
  

[authorised signature] 
  

	* 	 To be dated not earlier than the Exchange Date. 

  

	
	 
	30

 Anlage II 

[Form of certificate to be given in relation to payments of interest falling due before the Exchange Date:] 

 
  

[LINDE PLC] 
 [LINDE
FINANCE B.V.] 
 [Aggregate principal amount and title of Notes] 

(the “Securities”) 
 This is to
certify that, based solely on certifications we have received in writing, by tested telex or by electronic transmission from member organisations appearing in our records as persons being entitled to a portion of the principal amount set forth below
(our “Member Organisations”) substantially to the effect set forth in the Fiscal Agency Agreement, as of the date hereof, [    ] principal amount of the above-captioned Securities (i) is owned by
persons that are not citizens or residents of the United States, domestic partnerships, domestic corporations or any estate or trust the income of which is subject to United States Federal income taxation regardless of its source (“United
States persons”), (ii) is owned by United States persons that (a) are foreign branches of United States financial institutions (as defined in U.S. Treasury Regulations
Section 1.165-12(c)(1)(iv) (“financial institutions”)) purchasing for their own account or for resale, or (b) acquired the Securities through and are holding through on the date
hereof (as such terms “acquired through” and “holding through” are described in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(6)) foreign branches of United States financial
institutions (and in either case (a) or (b), each such United States financial institution has agreed, on its own behalf or through its agent, that we may advise the Issuer or the Issuer’s agent that it will comply with the requirements of
Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) is owned by United States or foreign financial institutions for purposes of resale during the restricted
period (as defined in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and to the further effect that United States or foreign financial institutions described in clause (iii) above
(whether or not also described in clause (i) or (ii)) have certified that they have not acquired the Securities for purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions.

 As used herein, “United States” means the United States of America (including the States and the District of Columbia) and its
“possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands. 
 We
further certify (i) that we are not making available herewith for exchange (or, if relevant, exercise of any rights or collection of any interest) any portion of the temporary global security excepted in such certifications and (ii) that
as of the date hereof we have not received any notification from any of our Member Organisations to the effect that the statements made by such Member Organisations with respect to any portion of the part submitted herewith for exchange (or, if
relevant, exercise of any rights or collection of any interest) are no longer true and cannot be relied upon as at the date hereof. 
 We understand that
this certification is required in connection with certain tax laws and, if applicable, certain securities laws of the United States. In connection therewith, if administrative or legal proceedings are commenced or threatened in connection with which
this certification is or would be relevant, we irrevocably authorise you to produce this certification to any interested party in such proceedings. 

  

	
	 
	31

 Date: [    ]*

 [Clearstream Banking AG / Euroclear Bank SA/NV / Clearstream Banking S.A. / other Clearing System] 

 
  

[authorised signature] 
  

	* 	 To be dated not earlier than the relevant interest payment date. 

  

	
	 
	32

 Anlage III 

[Form of account holders certification referred to in the preceding certificates:] 

 
  

[LINDE PLC] 
 [LINDE
FINANCE B.V.] 
 [Aggregate principal amount and title of Notes] 

(the “Securities”) 
 This is to
certify that as of the date hereof, and except as set forth below, the above-captioned Securities held by you for our account (i) are owned by persons that are not citizens or residents of the United States, domestic partnerships, domestic
corporations or any estate or trust the income of which is subject to the United States Federal income taxation regardless of its source (“United States persons”), (ii) are owned by United States person(s) that (a) are foreign
branches of a United States financial institution (as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(iv)) (“financial institutions”) purchasing for their own account or for
resale, or (b) acquired the Securities through and are holding through on the date hereof (as such terms “acquired through” and “holding through” are described in U.S. Treasury Regulations
Section 1.163-5(c)(2)(i)(D)(6)) foreign branches of United States financial institutions (and in either case (a) or (b), each such United States financial institution hereby agrees, on its own behalf
or through its agent, that you may advise the Issuer or the Issuer’s agent that it will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended, and the regulations
thereunder), or (iii) are owned by United States or foreign financial institution(s) for purposes of resale during the restricted period (as defined in U.S. Treasury Regulations
Section 1.163-5(c)(2)(i)(D)(7)), and in addition if the owner of the Securities is a United States or foreign financial institution described in clause (iii) above (whether or not also described in
clause (i) or (ii)) this is further to certify that such financial institution has not acquired the Securities for purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions.

 As used herein, “United States” means the United States of America (including the States and the District of Columbia) and its
“possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands. 
 We
undertake to advise you promptly by tested telex on or prior to the date on which you intend to submit your certification relating to the Securities held by you for our account in accordance with your operating procedures if any applicable statement
herein is not correct on such date, and in the absence of any such notification it may be assumed that this certification applies as of such date. 
 This
certification excepts and does not relate to [    ] of such interest in the above Securities in respect of which we are not able to certify and as to which we understand exchange and delivery of definitive Securities (or,
if relevant, exercise of any rights or collection of any interest) cannot be made until we do so certify. 
 We understand that this certification is
required in connection with certain tax laws and, if applicable, certain securities laws of the United States. In connection therewith, if administrative or legal proceedings are commenced or threatened in connection with which this certification is
or would be relevant, we irrevocably authorise you to produce this certification to any interested party in such proceedings. 

  

	
	 
	33

 Date: [    ]* 

[Account Holder] as or as agent for the beneficial owner of the Notes. 
  

 
 [authorised signature] 

 

	* 	 To be dated not earlier than fifteen days before the Exchange Date or, as the case may be, the relevant
interest payment date. 

  

	
	 
	34

 Schedule 1 

Part II: English language form of Global Note 
  

 
 Series No. [•] 

 

			
	Common Code No. [•]	  	WKN [•]
		
	ISIN No. [•]	  	[Other Security Identification No. [•]]

 [Any United States person who holds this obligation will be subject to limitations under the United States income tax
laws including limitations provided in sections 165(j) and 1287(a) of the Internal Revenue Code.]1 

[LINDE PLC 
 with
statutory seat at Munich, Federal Republic of Germany]2 
 [LINDE
FINANCE B.V. 
 with statutory seat at Amsterdam, The Netherlands]2

 [Temporary] [Permanent] Global Note 

[unconditionally and irrevocably guaranteed by 

LINDE PLC]2 

representing 
 [up to]3 [Currency and Aggregate Principal Amount of Issue] 
 NOTES 

due [Year of Maturity] 
 This certificate
constitutes a [Temporary] [Permanent] Global Note in respect of a duly authorised issue of [up to]3 [Currency and Aggregate Principal Amount of Issue]
Notes due [Year of Maturity] (the “Notes”) of [Linde plc] [Linde Finance B.V.] (the “Issuer”). References herein to the “Conditions” shall be to the [in the case Part
I of the Final Terms only refers to the relevant provisions of Option I or Option II: set of terms and conditions for [zero coupon] Notes [with [fixed] [floating] interest rates] as
determined and completed by the final terms relating to the Notes (the “Final Terms”), both as annexed hereto] [in the case Part I of the Final Terms replicates the relevant provisions of Option I or Option II and
completes the relevant placeholders in Option I or Option II, as relevant: Conditions as annexed hereto]. The Conditions form part of this 
  

 

	1 	 This legend is not required in case of Notes with a maturity of one year or less. 

	2 	 Delete if not applicable. 

	3 	 To be inserted in the case of TEFRA D and if the Global Note will be deposited with CBF.

  

	
	 
	35

 
[Temporary] [Permanent] Global Note. Expressions defined in the Conditions shall bear the same meanings when used in this [Temporary] [Permanent] Global
Note. 
 The Issuer agrees to pay to the bearer hereof the amounts payable in respect of the Notes represented by this [Temporary]
[Permanent] Global Note in accordance with the Conditions. 
 [On any redemption in respect of, or purchase and cancellation of, any of
the Notes represented by this [Temporary] [Permanent] Global Note details of such redemption or purchase and cancellation (as the case may be) shall be entered by or on behalf of the Issuer in Annex A hereto and the relevant
space in Annex A hereto recording any such redemption or purchase and cancellation (as the case may be) shall be signed by or on behalf of the Issuer. Upon any such redemption or purchase and cancellation, the aggregate principal amount of this
[Temporary] [Permanent] Global Note shall be reduced by the total principal amount of Notes so redeemed or purchased and cancelled. The nominal amount of this [Temporary] [Permanent] Global Note following
any such redemption or purchase and cancellation as aforesaid shall be the aggregate principal amount most recently entered in the relevant column in Part I or II of Annex A hereto.] 4 

[This Temporary Global Note shall be exchanged into a Permanent Global Note in accordance with § 1 of the Conditions. On an entire exchange
of this Temporary Global Note, this Temporary Global Note shall be surrendered to the Fiscal Agent.] 
 [In case this Global Note is an NGN5 insert: As this [Temporary] [Permanent] Global Note is an NGN, specific reference is made to § 1 of the Conditions.] 

This [Temporary] [Permanent] Global Note is governed by, and shall be construed in accordance with, German law. 

This [Temporary] [Permanent] Global Note shall not be valid unless authenticated by or on behalf of the Fiscal Agent. 

[In case this Global Note is an NGN5 and will not bear the original signature of the Issuer due
to its electronic transmission to be CBL or Euroclear as Common Safekeeper, insert: This [Temporary] [Permanent] Global Note shall require to be effectuated by the entity appointed as Common Safekeeper by the ICSDs in order
to be valid.] 
 [Munich] [Amsterdam], [Date] 

 
  

	4 	 This legend as well as Annex A and Annex B are not applicable in case of a Global Note which is an NGN.

	5 	 As defined in § 1 of the Conditions. 

  

	
	 
	36

 [LINDE PLC] [LINDE FINANCE B.V.] 

 

									
	  
	  		  	  
	  		  	
					
	Authorised Signatory	  	    	  	Authorised Signatory	  		  	

 Control signature 
  

 
 Authorised Signatory 

Authenticated without recourse, 
 warranty or liability by 

[AGENT] 
 By: 

[Effectuated without recourse, 
 warranty or liability by

 ............................................ 

as Common Safekeeper 
 By:]6 
  
  

	6 	 To be inserted in case of a Global Note which is an NGN. 

  

	
	 
	37

 [In the case Part I of Final Terms only refers to the relevant provisions of Option I or Option II:

 The set of terms and conditions for [zero coupon] [non-interest-bearing] Notes
[with [fixed] [floating] interest rates] and the Final Terms are to be added by attachment hereafter.] 

[In the case Part I of the Final Terms replicates the relevant provisions of Option I or Option II and completes the relevant placeholders in Option I or
Option II, as relevant: 
 The Conditions are to be attached hereafter.] 

  

	
	 
	38

 Annex A 

Part I 
 Redemptions

  

									
	 Date of

redemption
	  	 Total amount of

principal payable
	  	 Amount of

principal paid
	  	 Remaining
aggregate
principal amount
of this
Global
Note following
such redemption
	  	 Confirmation of

redemption by or
 on behalf of the

Issuer

  

	
	 
	39

 Part II 

Purchases and Cancellations 
  

							
	 Date of purchase and

cancellation
	  	 Part of aggregate

principal amount of
 this Global
Note
 purchased and

cancelled
	  	 Remaining aggregate

principal amount of
 this Global
Note
 following such
 purchase
and
 cancellation
	  	 Confirmation of

purchase and
 cancellation by or
on
 behalf of the Issuer

  

	
	 
	40

 [The following form will be attached to the Temporary Global Note]

 Annex B 

Exchanges 
  

							
	 Date
	  	 Principal amount

exchanged for
 Permanent Global

Note(s)
	  	 Remaining aggregate

principal amount
 following such

exchange
	  	 Notation made on

behalf of the Issuer

  

 
  

 
  

 
  

 
  

 
  

 
  

 

  

	
	 
	41

 [The following forms of certification (or such other form as shall customarily be used) will be attached
to the Temporary Global Note.] 
 EXHIBIT I 

[insert certificate to be given in relation to exchanges of this Temporary Global Note for the 

Permanent Global Note - See Exhibit I (Anlage I) to German language form of Global Note] 

EXHIBIT II 
 [insert
certificate to be given in relation to payments of interest falling due before the 
 Exchange Date - See Exhibit II (Anlage
II) to German language form of Global Note] 
 EXHIBIT III 

[insert account holder’s certification referred to in the preceding certificates - See Exhibit III 

(Anlage III) to German language form of Global Note] 

  

	
	 
	42

 Schedule 2 

Specific duties of the Fiscal Agent in the case of NGNs 

In relation to each Series of Notes that are NGNs, the Fiscal Agent will comply with the following provisions: 

 

	1.	 The Fiscal Agent will inform each of Euroclear and CBL (the “ICSDs”), through the
common service provider appointed by the ICSDs to service the Notes (the “CSP”), of the initial issue outstanding amount (“IOA”) for each Tranche on or prior to the relevant Issue Date. 

 

	2.	 If any event occurs that requires a mark up or mark down of the records which an ICSD holds for its
customers to reflect such customers’ interest in the Notes, the Fiscal Agent will (to the extent known to it) as soon as practicable provide details of the amount of such mark up or mark down, together with a description of the event that
requires it, to the ICSDs (through the CSP) to ensure that the IOA of the Notes remains at all times accurate. 

  

	3.	 The Fiscal Agent will regularly reconcile its record of the IOA of the Notes with information received
from the ICSDs (through the CSP) with respect to the IOA maintained by the ICSDs for the Notes and will as soon as practicable inform the ICSDs (through the CSP) of any discrepancies. 

 

	4.	 The Fiscal Agent will as soon as practicable assist the ICSDs (through the CSP) in resolving any
discrepancy identified in the IOA of the Notes. 

  

	5.	 The Fiscal Agent will as soon as practicable provide to the ICSDs (through the CSP) details of all
amounts paid by it under the Notes (or, where the Notes provide for delivery of assets other than cash, of the assets so delivered). 

  

	6.	 The Fiscal Agent will (to the extent known to it) as soon as practicable provide to the ICSDs (through
the CSP) notice of any changes to the Notes that will affect the amount of, or date for, any payment due under the Notes. 

  

	7.	 The Fiscal Agent will (to the extent known to it) as soon as practicable provide to the ICSDs (through
the CSP) copies of all information that is given to the holders of the Notes. 

  

	8.	 The Fiscal Agent will as soon as practicable pass on to the relevant Issuer all communications it
receives from the ICSDs directly or through the CSP relating to the Notes. 

  

	9.	 The Fiscal Agent will (to the extent known to it) as soon as practicable notify the ICSDs (through the
CSP) of any failure by the relevant Issuer to make any payment or delivery due under the Notes when due. 

  

	
	 
	43

 Schedule 3 

The Specified Offices of the Fiscal Agent and Paying Agent 

FISCAL AGENT AND PAYING AGENT 

Deutsche Bank Aktiengesellschaft 

Taunusanlage 12 
 60325 Frankfurt am
Main 
 Federal Republic of Germany 

  

	
	 
	44

 Schedule 4 

Part I: English Language Form of a Put Exercise Notice in case of an early 

redemption at the option of a holder 
  

			
	To:	  	Deutsche Bank Aktiengesellschaft (the “Fiscal Agent”)
		  	Issuer Services
		  	Operations Frankfurt
		  	Taunusanlage 12
		  	60325 Frankfurt am Main
		  	Federal Republic of Germany
		
	Fax:	  	[•]
		
	Attn:	  	[•]
		
	To:	  	[Linde plc (the “Issuer”)
		  	Ten Earlsfort Terrace
		  	Dublin 2, D02 T380
		  	Republic of Ireland]
		
		  	[Linde Finance B.V. (the “Issuer”)
		  	Buitenveldertselaan 106
		  	1081 AB Amsterdam
		  	The Netherlands]
		
	Fax:	  	[•]
		
	Attn:	  	[•]

 [insert title of relevant Series of Notes] 

Series No.: [•] / ISIN: [•] / Common Code [•] / WKN [•] 

issued pursuant to the 

EUR 10,000,000,000 Debt Issuance Programme 

of Linde plc and Linde Finance B.V. 

dated 11 May 2020 
 By sending the
duly completed Notice to the specified office of the Fiscal Agent for the above mentioned Series of Notes (the “Notes”) the undersigned holder of such Note(s) irrevocably exercises its option to have such Note(s) redeemed on
[insert Put Redemption Date]. 
 This Notice relates to Note(s) in the total principal amount of [insert currency
and total principal amount]. 

  

	
	 
	45

 Payment Instructions 

Please make payment in respect of the above-mentioned Note(s) by transfer to the following bank account: 

Bank: 
 Branch Address: 

Branch Code (e.g. BLZ, BIC): 
 Account Number: 

IBAN: 
 Contact details of Holder (optional/mandatory in the
case of Notes deposited with Clearstream Banking AG, Frankfurt): 
 ................................ 

................................ 

................................ 

................................ 

................................ 
 Signature of
holder:  ................................ 
 Duly authorised on behalf of
[                ] 
 The Holder is also requested to instruct
his depositary bank to send an appropriate instruction to the relevant Clearing System via SWIFT (or other such method of communication acceptable to the relevant Clearing System) confirming the exercise of its option to redeem the Note(s). 

[To be completed by recipient Fiscal Agent:] 

Note: 
 The Fiscal Agent is entitled to treat a Put Notice as not
valid unless all of the paragraphs requiring completion are duly completed. Once validly given the Put Notice is irrevocable. 

  

	
	 
	46

 Schedule 4 

Part II: German Language Form of a Put Exercise Notice in case of an early 

redemption at the option of a holder 
  

			
	An:	  	Deutsche Bank Aktiengesellschaft (die “Emissionsstelle”)
		  	Issuer Services
		  	Operations Frankfurt
		  	 Taunusanlage 12
 60325 Frankfurt am
Main

		  	Federal Republic of Germany
		
	Fax:	  	[•]
		
	Zu Händen:        	  	[•]
		
	An:	  	[Linde plc (die “Emittentin”)
		  	Ten Earlsfort Terrace
		  	Dublin 2, D02 T380
		  	Republic of Ireland
		
		  	[Linde Finance B.V. (die “Emittentin”)
		  	Buitenveldertselaan 106
		  	1081 AB Amsterdam
		  	The Netherlands]
		
	Fax:	  	[•]
	Zu Händen:	  	[•]

 [Bezeichnung der jeweiligen Serie der Schuldverschreibungen einfügen] 

Serie Nr.: [•] 
 ISIN:
[•] / Common Code [•] / WKN [•] 
 begeben gemäß 

EUR 10,000,000,000 Debt Issuance Programme 

der Linde plc und der Linde Finance B.V. 

vom 11. Mai 2020 
 Durch die
Übermittlung der ordentlich ausgefüllten Kündigungserklärung an die bezeichnete Geschäftsstelle der Emissionsstelle für die oben bezeichnete Serie von Schuldverschreibungen (die “Schuldverschreibungen”)
übt der unterzeichnende Gläubiger dieser Schuldverschreibungen unwiderruflich sein Wahlrecht zur Kündigung und Rückzahlung dieser Schuldverschreibungen am [Wahl-Rückzahlungstag
angeben] aus. 
 Diese Kündigungserklärung bezieht sich auf Schuldverschreibungen im gesamten Nennbetrag von [Währung und
gesamten Nennbetrag einfügen]. 

  

	
	 
	47

 Zahlungsinstruktionen 

Bitte zahlen Sie in Bezug auf die oben bezeichneten Schuldverschreibungen per Überweisung auf das nachstehende Bankkonto: 

Bank: 
 Adresse der Geschäftsstelle: 

Code der Geschäftsstelle (z.B. BLZ, BIC): 
 Kontonummer:

 IBAN: 
 Kontaktdaten des Gläubigers (optional/zwingend
im Fall von Schuldverschreibungen, deren Globalurkunde von Clearstream Banking AG, Frankfurt verwahrt wird): 

................................ 

................................ 

................................ 

................................ 

................................ 
  

					
	Unterschrift des Gläubigers:  	  	................................          	  	

 Bevollmächtigt im Namen von [            ] 

Der Gläubiger ist gebeten, seine Depotbank zu beauftragen, eine entsprechende Instruktion an das jeweilige Clearing System per SWIFT (oder eine andere,
für das jeweilige Clearing System akzeptable Kommunikationsmethode) zu senden, durch die die Ausübung des Wahlrechts des Gläubiger auf Kündigung und Rückzahlung der Schuldverschreibungen bestätigt wird. 

[von der Emissionsstelle zu vervollständigen:] 

Hinweis: 
 Die Emissionsstelle ist berechtigt, eine
Kündigungserklärung als unwirksam zu behandeln, wenn nicht alle erforderlichen Absätze vollständig ausgefüllt wurden. Eine wirksam abgegebene Kündigungserklärung ist unwiderruflich. 

  

	
	 
	48

 Signature Page 

to the Fiscal Agency Agreement 
 This
Agreement has been entered into on the date stated at the beginning. 
 LINDE PLC 

 

			
	    By	 	 /s/ Christopher Cossins

		 	Name: Christopher Cossins
		 	Title: U.K. Permanent Representative

 LINDE FINANCE B.V. 
  

			
	    By	 	 /s/ Micha Glaser

		 	 Name: Micha Glaser

		 	 Title: Managing Director

 DEUTSCHE BANK AKTIENGESELLSCHAFT 

as Fiscal Agent and Paying Agent 
  

									
	    By  	 	 /s/ Vivek Garg
	 		  	By	  	 /s/ Sabine Ebert

		 	 Name: Vivek Garg
 Title: Assistant Vice
President
	 	             

 
	  		  	 Name: Sabine Ebert
 Title: Vice
President

  

	
	 
	S-1EX-4.3

 Exhibit 4.3 

BOTTOMLINE TECHNOLOGIES (DE), INC. 

and 
  

 
 Trustee 

INDENTURE 
 Dated as of
_______________ 
 SENIOR DEBT SECURITIES 

 CROSS-REFERENCE TABLE1

  

			
	 Section of 
Trust Indenture Act 
of 1939, as amended
	  	Section of
Indenture
	 310(a)
	  	6.09
	 310(b)
	  	6.08
		  	6.10
	 310(c)
	  	Inapplicable
	 311(a)
	  	6.13
	 311(b)
	  	6.13
	 311(c)
	  	Inapplicable
	 312(a)
	  	4.01
		  	4.04
	 312(b)
	  	4.04(c)
	 312(c)
	  	4.04(c)
	 313(a)
	  	4.03
	 313(b)
	  	4.03
	 313(c)
	  	4.03
	 313(d)
	  	4.03
	 314(a)
	  	4.02
	 314(b)
	  	Inapplicable
	 314(c)
	  	2.04
8.04
9.01(c)
10.01(b)
11.05
	 314(d)
	  	Inapplicable
	 314(e)
	  	11.05
	 314(f)
	  	Inapplicable
	 315(a)
	  	6.01
6.02
	 315(b)
	  	5.11
	 315(c)
	  	6.01
	 315(d)
	  	6.01
		  	6.02
	 315(e)
	  	5.12
	 316(a)
	  	5.09
5.10
		  	7.04
	 316(b)
	  	5.06
5.10
	 316(c)
	  	7.02
	 317(a)
	  	5.04
	 317(b)
	  	3.04
	 318(a)
	  	11.07

  
  

	1 	 This Cross-Reference Table does not constitute part of the Indenture and shall not have any bearing on the
interpretation of any of its terms or provisions. 

 TABLE OF CONTENTS 

PAGE 
  

							
	 ARTICLE 1
	 	DEFINITIONS	  	 	1	 
			
	 Section 1.01
	 	Certain Terms Defined	  	 	1	 
			
	 ARTICLE 2
	 	SECURITIES	  	 	7	 
			
	 Section 2.01
	 	Forms Generally	  	 	7	 
	 Section 2.02
	 	Form of Trustee’s Certificate of Authentication	  	 	7	 
	 Section 2.03
	 	Amount Unlimited; Issuable in Series	  	 	7	 
	 Section 2.04
	 	Authentication and Delivery of Securities	  	 	10	 
	 Section 2.05
	 	Execution of Securities	  	 	11	 
	 Section 2.06
	 	Certificate of Authentication	  	 	12	 
	 Section 2.07
	 	Denomination and Date of Securities; Payments of Interest	  	 	12	 
	 Section 2.08
	 	Registration, Transfer and Exchange	  	 	12	 
	 Section 2.09
	 	Mutilated, Defaced, Destroyed, Lost and Stolen Securities	  	 	15	 
	 Section 2.10
	 	Cancellation of Securities; Destruction Thereof	  	 	15	 
	 Section 2.11
	 	Temporary Securities	  	 	16	 
			
	 ARTICLE 3
	 	COVENANTS OF THE ISSUER	  	 	16	 
			
	 Section 3.01
	 	Payment of Principal and Interest	  	 	16	 
	 Section 3.02
	 	Offices for Payments, Etc.	  	 	16	 
	 Section 3.03
	 	Appointment to Fill a Vacancy in Office of Trustee	  	 	17	 
	 Section 3.04
	 	Paying Agents	  	 	17	 
	 Section 3.05
	 	Written Statement to Trustee	  	 	18	 
			
	 ARTICLE 4
	 	SECURITYHOLDERS LISTS AND REPORTS BY THE ISSUER AND THE TRUSTEE	  	 	18	 
			
	 Section 4.01
	 	Issuer to Furnish Trustee Information as to Names and Addresses of Securityholders	  	 	18	 
	 Section 4.02
	 	Reports by the Issuer	  	 	19	 
	 Section 4.03
	 	Reports by the Trustee	  	 	19	 
	 Section 4.04
	 	Preservation of Information; Communication with Securityholders	  	 	19	 
			
	 ARTICLE 5
	 	REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT	  	 	19	 
			
	 Section 5.01
	 	Event of Default Defined; Acceleration of Maturity; Waiver of Default	  	 	19	 
	 Section 5.02
	 	Collection of Debt by Trustee; Trustee May Prove Debt	  	 	21	 
	 Section 5.03
	 	Application of Proceeds	  	 	23	 
	 Section 5.04
	 	Suits for Enforcement	  	 	24	 
	 Section 5.05
	 	Restoration of Rights on Abandonment of Proceedings	  	 	24	 
	 Section 5.06
	 	Limitations on Suits by Securityholders	  	 	25	 
	 Section 5.07
	 	Unconditional Right of Securityholders to Institute Certain Suits	  	 	25	 

  
 i 

							
	 Section 5.08
	 	Powers and Remedies Cumulative; Delay or Omission Not Waiver of Default	  	 	25	 
	 Section 5.09
	 	Control by Holders of Securities	  	 	26	 
	 Section 5.10
	 	Waiver of Past Defaults	  	 	26	 
	 Section 5.11
	 	Trustee to Give Notice of Default	  	 	27	 
	 Section 5.12
	 	Right of Court to Require Filing of Undertaking to Pay Costs	  	 	27	 
			
	 ARTICLE 6
	 	CONCERNING THE TRUSTEE	  	 	27	 
			
	 Section 6.01
	 	Duties and Responsibilities of the Trustee; During Default; Prior to Default	  	 	27	 
	 Section 6.02
	 	Certain Rights of the Trustee	  	 	28	 
	 Section 6.03
	 	Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof	  	 	29	 
	 Section 6.04
	 	Trustee and Agents May Hold Securities; Collections, Etc.	  	 	30	 
	 Section 6.05
	 	Moneys Held by Trustee	  	 	30	 
	 Section 6.06
	 	Compensation and Indemnification of Trustee and Its Prior Claim	  	 	30	 
	 Section 6.07
	 	Right of Trustee to Rely on Officer’s Certificate, Etc.	  	 	30	 
	 Section 6.08
	 	Disqualification; Conflicting Interests	  	 	31	 
	 Section 6.09
	 	Persons Eligible for Appointment as Trustee	  	 	31	 
	 Section 6.10
	 	Resignation and Removal; Appointment of Successor Trustee	  	 	31	 
	 Section 6.11
	 	Acceptance of Appointment by Successor Trustee	  	 	32	 
	 Section 6.12
	 	Merger, Conversion, Consolidation or Succession to Business of Trustee	  	 	33	 
	 Section 6.13
	 	Preferential Collection of Claims Against the Issuer	  	 	34	 
			
	 ARTICLE 7
	 	CONCERNING THE SECURITYHOLDERS	  	 	34	 
			
	 Section 7.01
	 	Evidence of Action Taken by Securityholders	  	 	34	 
	 Section 7.02
	 	Proof of Execution of Instruments and of Holding of Securities	  	 	34	 
	 Section 7.03
	 	Holders to Be Treated as Owners	  	 	34	 
	 Section 7.04
	 	Securities Owned by Issuer Deemed Not Outstanding	  	 	34	 
	 Section 7.05
	 	Right of Revocation of Action Taken	  	 	35	 
			
	 ARTICLE 8
	 	SUPPLEMENTAL INDENTURES	  	 	35	 
			
	 Section 8.01
	 	Supplemental Indentures Without Consent of Securityholders	  	 	35	 
	 Section 8.02
	 	Supplemental Indentures With Consent of Securityholders	  	 	37	 
	 Section 8.03
	 	Effect of Supplemental Indenture	  	 	38	 
	 Section 8.04
	 	Documents to Be Given to Trustee	  	 	38	 
	 Section 8.05
	 	Notation on Securities in Respect of Supplemental Indentures	  	 	39	 
			
	 ARTICLE 9
	 	CONSOLIDATION, MERGER, SALE OR CONVEYANCE	  	 	39	 
			
	 Section 9.01
	 	Issuer May Consolidate, Etc., on Certain Terms	  	 	39	 
	 Section 9.02
	 	Successor Issuer Substituted	  	 	39	 
			
	 ARTICLE 10
	 	SATISFACTION AND DISCHARGE OF INDENTURE; DEFEASANCE; UNCLAIMED MONEYS	  	 	40	 
			
	 Section 10.01
	 	Satisfaction and Discharge of Indenture; Defeasance	  	 	40	 

  
 ii 

							
	 Section 10.02
	 	Application by Trustee of Funds Deposited for Payment of Securities	  	 	44	 
	 Section 10.03
	 	Repayment of Moneys Held by Paying Agent	  	 	44	 
	 Section 10.04
	 	Return of Moneys Held by Trustee and Paying Agent Unclaimed for Two Years	  	 	45	 
	 Section 10.05
	 	Indemnity for U.S. Government Obligations and Foreign Government Obligations	  	 	45	 
			
	 ARTICLE 11
	 	MISCELLANEOUS PROVISIONS	  	 	45	 
			
	 Section 11.01
	 	No Recourse	  	 	45	 
	 Section 11.02
	 	Provisions of Indenture for the Sole Benefit of Parties and Holders of Securities	  	 	45	 
	 Section 11.03
	 	Successors and Assigns of Issuer Bound by Indenture	  	 	46	 
	 Section 11.04
	 	Notices and Demands on Issuer, Trustee and Holders of Securities	  	 	46	 
	 Section 11.05
	 	Officer’s Certificates and Opinions of Counsel; Statements to Be Contained Therein	  	 	46	 
	 Section 11.06
	 	Payments Due on Saturdays, Sundays and Holidays	  	 	47	 
	 Section 11.07
	 	Conflict of Any Provision of Indenture With Trust Indenture Act of 1939	  	 	48	 
	 Section 11.08
	 	New York Law to Govern	  	 	48	 
	 Section 11.09
	 	Counterparts	  	 	48	 
	 Section 11.10
	 	Effect of Headings	  	 	48	 
	 Section 11.11
	 	Actions by Successor	  	 	48	 
	 Section 11.12
	 	Severability	  	 	48	 
			
	 ARTICLE 12
	 	REDEMPTION OF SECURITIES AND SINKING FUNDS	  	 	48	 
			
	 Section 12.01
	 	Applicability of Article	  	 	48	 
	 Section 12.02
	 	Notice of Redemption; Partial Redemptions	  	 	48	 
	 Section 12.03
	 	Payment of Securities Called for Redemption	  	 	50	 
	 Section 12.04
	 	Exclusion of Certain Securities from Eligibility for Selection for Redemption	  	 	50	 
	 Section 12.05
	 	Mandatory and Optional Sinking Funds	  	 	50	 

  
 iii 

 THIS INDENTURE, dated as of _________ between BOTTOMLINE TECHNOLOGIES (DE), INC., a Delaware
corporation (the “Issuer”), and ________, a _______ (the “Trustee”), 
 W I T N E S S E T H : 

WHEREAS, the Issuer may from time to time duly authorize the issue of its unsecured debentures, notes or other evidences of indebtedness to be
issued in one or more series (the “Securities”) up to such principal amount or amounts as may from time to time be authorized in accordance with the terms of this Indenture; 

WHEREAS, the Issuer has duly authorized the execution and delivery of this Indenture to provide, among other things, for the authentication,
delivery and administration of the Securities; and 
 WHEREAS, all things necessary to make this Indenture a valid indenture and agreement
according to its terms have been done; 
 NOW, THEREFORE: 

In consideration of the premises and the purchases of the Securities by the holders thereof, the Issuer and the Trustee mutually covenant and
agree for the equal and proportionate benefit of the respective holders from time to time of the Securities as follows: 
 ARTICLE 1 

DEFINITIONS 
 Section 1.01
Certain Terms Defined. The following terms (except as otherwise expressly provided or unless the context otherwise clearly requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective
meanings specified in this Section. All other terms used in this Indenture that are defined in the Trust Indenture Act of 1939 or the definitions of which in the Securities Act of 1933, as amended, are referred to in the Trust Indenture Act of 1939,
including terms defined therein by reference to the Securities Act of 1933, as amended (except as herein otherwise expressly provided or unless the context otherwise clearly requires), shall have the meanings assigned to such terms in said Trust
Indenture Act and in said Securities Act of 1933 as in force at the date of this Indenture. All accounting terms used herein and not expressly defined shall have the meanings assigned to such terms in accordance with generally accepted accounting
principles, and the term “generally accepted accounting principles” means such accounting principles as are generally accepted in the United States at the time of any computation. 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. The terms defined in this Article have the meanings assigned to them in this Article and
include the plural as well as the singular. 
 “Additional Amounts” means any additional amounts that are required by this
Indenture or by any Security, under circumstances specified herein or therein, to be paid by the Issuer in respect of certain taxes, assessments or other governmental charges imposed on Holders specified therein and which are owing to such Holders.

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

“Board of Directors” means either the Board of Directors of the Issuer or any committee of such Board duly authorized to act
on its behalf. 
 “Board Resolution” means a copy of one or more resolutions, certified by the secretary or an assistant
secretary of the Issuer to have been duly adopted by the Board of Directors and to be in full force and effect, and delivered to the Trustee. 

“Business Day” means, with respect to any Security, a day that in the city (or in any of the cities, if more than one) in
which amounts are payable, as specified in the form of such Security, is not a day on which banking institutions are authorized or required by law or regulation to close. 

“Capital Stock” means (a) in the case of a corporation, corporate stock; (b) in the case of an association or
business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock; (c) in the case of a partnership or limited liability company, partnership interests (whether general or
limited) or membership interests; and (d) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the
foregoing any Debt securities convertible into Capital Stock, whether or not such Debt securities include any right of participation with Capital Stock. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Securities
Exchange Act of 1934, or if at any time after the execution and delivery of this Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act of 1939, then the body performing such duties on
such date. 
 “Common Stock” means shares of common stock, par value $0.001 per share, of the Issuer as the same exists at
the date of execution and delivery of this Indenture or as such stock may be reconstituted from time to time. 
 “Corporate Trust
Office” means the office of the Trustee at which the corporate trust business of the Trustee shall, at any particular time, be principally administered, which office is, at the date as of which this Indenture is dated, located at
__________. 
 “Debt” of any Person means any debt for money borrowed which is created, assumed, incurred or guaranteed in
any manner by such Person or for which such Person is otherwise responsible or liable, and shall expressly include any such guaranty thereof by such Person. For the purpose of computing the amount of the Debt of any Person there shall be excluded
all Debt of such Person for the payment or redemption or satisfaction of which money or securities (or evidences of such Debt, if permitted under the terms of the instrument creating such Debt) in the necessary amount shall have been deposited in
trust with the proper depositary, whether upon or prior to the maturity or the date fixed for redemption of such Debt; and, in any instance where Debt is so excluded, for the purpose of computing the assets of such Person there shall be excluded the
money, securities or evidences of Debt deposited by such Person in trust for the purpose of paying or satisfying such Debt. 

  
 2 

 “Depositary” means, with respect to the Securities of any series issuable
or issued in the form of one or more Global Securities, the Person designated as Depositary by the Issuer pursuant to Section 2.04 until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture, and
thereafter “Depositary” shall mean or include each Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Securities of any such
series shall mean the Depositary with respect to the Global Securities of that series. 
 “Dollar” means the currency of
the United States of America as at the time of payment is legal tender for the payment of public and private debts. 
 “Event of
Default” means any event or condition specified as such in Section 5.01. 
 “Foreign Currency” means a
currency issued by the government of a country other than the United States. 
 “Foreign Government Obligation” means
(a) a direct obligation of the government of a country other than the United States of America, backed by the full faith and credit of such government, (b) an obligation of a Person controlled or supervised by and acting as an agency or
instrumentality of such government, the payment of which is unconditionally guaranteed as a full faith and credit obligation by such government or (c) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities
Act of 1933) as custodian with respect to any Foreign Government Obligation which is specified in clause (a) and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal of
or interest on any such Foreign Government Obligation which is so specified and held, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt
from any amount received by the custodian in respect of the Foreign Government Obligation or the specific payment of principal or interest evidenced by such depositary receipt. 

“Global Security” means a Security evidencing all or a part of a series of Securities, issued to the Depositary for such
series in accordance with Section 2.04, and bearing the legend prescribed in Section 2.04. 
 “Holder”,
“holder”, “holder of Securities”, “Securityholder” or other similar terms mean the Person in whose name such Security is registered in the Security register kept by the Issuer for that purpose in
accordance with the terms hereof. 
 “Indenture” means this instrument as originally executed and delivered or, if amended
or supplemented as herein provided, as so amended or supplemented or both, and shall include the forms and terms of particular series of Securities established as contemplated hereunder. 

“interest”, unless the context otherwise requires, refers to interest, and when used with respect to non-interest bearing Securities, refers to interest payable after maturity, if any. 

  
 3 

 “Interest Payment Date”, with respect to any Security, means the Stated
Maturity of an installment of interest on such Security. 
 “Issuer” means Bottomline Technologies (de), Inc., a Delaware
corporation, and, subject to Article 9, its successors and assigns. 
 “Issuer Order” means a written statement, request or
order of the Issuer signed in its name by the chairman of the Board of Directors, the president or any vice president of the Issuer. 

“Notice of Default” shall have the meaning set forth in Section 5.01(c). 

“Officer’s Certificate” means a certificate signed by the chairman of the Board of Directors, the
president, any vice president, the treasurer, the secretary or any assistant secretary of the Issuer and delivered to the Trustee. Each such certificate shall comply with Section 314 of the Trust Indenture Act of 1939 and, except to the extent
provided herein, shall include the statements provided for in Section 11.05. 
 “Opinion of Counsel” means an opinion
in writing signed by the general corporate counsel or such other legal counsel who may be an employee of or counsel to the Issuer and who shall be satisfactory to the Trustee. Each such opinion shall comply with Section 314 of the Trust
Indenture Act of 1939 and shall include the statements provided for in Section 11.05, if and to the extent required hereby. 

“original issue date” of any Security (or portion thereof) means the earlier of (a) the date of such Security or
(b) the date of any Security (or portion thereof) for which such Security was issued (directly or indirectly) on registration of transfer, exchange or substitution. 

“Original Issue Discount Security” means any Security that provides for an amount less than the principal amount thereof to
be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 5.01. 

“Outstanding”, when used with reference to Securities, shall, subject to the provisions of Section 7.04, mean, as of any
particular time, all Securities authenticated and delivered by the Trustee under this Indenture, except 
  

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

  

	 	(b)	 Securities, or portions thereof, for the payment or redemption of which cash, U.S. Government Obligations or
Foreign Government Obligations (as provided for in Section 10.01(a) and Section 10.01(b)) in the necessary amount shall have been deposited in trust with the Trustee or with any paying agent (other than the Issuer) or shall have been set
aside, segregated and held in trust by the Issuer for the Holders of such Securities (if the Issuer shall act as its own paying agent); provided, that if such Securities, or portions thereof, are to be redeemed prior to the maturity thereof,
notice of such redemption shall have been given as herein provided, or provision satisfactory to the Trustee shall have been made for giving such notice; 

  
 4 

	 	(c)	 Securities as to which Legal Defeasance shall have been effected pursuant to Section 10.01(b);

  

	 	(d)	 Securities in substitution for which other Securities shall have been authenticated and delivered, or which
shall have been paid, pursuant to the terms of Section 2.09 (except with respect to any such Security as to which proof satisfactory to the Trustee is presented that such Security is held by a Person in whose hands such Security is a legal,
valid and binding obligation of the Issuer), Securities converted into Common Stock pursuant hereto and Securities not deemed outstanding pursuant to Section 12.02; and 

 

	 	(e)	 Securities as to which any property deliverable upon conversion thereof has been delivered (or such delivery
has been made available), or as to which any other particular conditions have been satisfied, in each case as may be provided for such Securities as contemplated in Section 2.03. 

In determining whether the Holders of the requisite principal amount of Outstanding Securities of any or all series have given any request,
demand, authorization, direction, notice, consent or waiver hereunder, (A) the principal amount of an Original Issue Discount Security that shall be deemed to be Outstanding for such purposes shall be the amount of the principal thereof that
would be due and payable as of the date of such determination upon a declaration of acceleration of the maturity thereof pursuant to Section 5.01, (B) if, as of such date, the principal amount payable at the Stated Maturity of a Security is not
determinable, the principal amount of such Security which shall be deemed to be Outstanding shall be the amount as specified or determined as contemplated by Section 2.03, and (C) the principal amount of a Security denominated in one or
more foreign currencies, composite currencies or currency units which shall be deemed to be Outstanding shall be the U.S. dollar equivalent, determined as of such date in the manner provided as contemplated by Section 2.03, of the principal
amount of such Security (or, in the case of a Security described in clause (A) or (B) above, of the amount determined as provided in such clause). 

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

“principal” whenever used with reference to the Securities or any Security or any portion thereof, shall be deemed to include
“and premium, if any”. 
 “record date” shall have the meaning set forth in Section 2.07. 

“Responsible Officer”, when used with respect to the Trustee, means the chairman of the board of directors, any vice chairman
of the board of directors, the chairman of the trust committee, the chairman of the executive committee, any vice chairman of the executive committee, the president, any vice president, the cashier, the secretary, the treasurer, any trust

  
 5 

 
officer, any assistant trust officer, any assistant vice president, any assistant cashier, any assistant secretary, any assistant treasurer, or any other officer or assistant officer of the
Trustee customarily performing functions similar to those performed by the persons who at the time shall be such officers, respectively, or to whom any 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, or, as the case may be, Securities that have been authenticated and delivered under this Indenture. 
 “Security
Registrar” shall have the meaning set forth in Section 4.01(b). 
 “Stated Maturity”, with respect to any
Security or any installment of principal thereof or interest thereon or any Additional Amounts with respect thereto, means the date established by or pursuant to this Indenture or such Security as the fixed date on which the principal of such
Security or such installment of principal or interest is, or such Additional Amounts are, due and payable. 
 “Subsidiary”
means any corporation or other entity (including, without limitation, partnerships, limited liability companies, joint ventures and associations) of which at least a majority of the outstanding Capital Stock having by the terms thereof (without
regard to the occurrence or any contingency) ordinary voting power for the election of directors (or persons performing similar functions) of such corporation or other entity (irrespective of whether or not at the time the Capital Stock of any other
class or classes of such corporation or other entity shall have or might have voting power by reason of the occurrence of any such contingency) is at the time directly or indirectly owned by the Issuer, or by one or more Subsidiaries of the Issuer,
or by the Issuer and one or more other Subsidiaries of the Issuer. 
 “Trust Indenture Act of 1939” (except as otherwise
provided in Sections 8.01 and 8.02) means the Trust Indenture Act of 1939 as in force at the date as of which this Indenture was originally executed. 

“Trustee” means the Person identified as “Trustee” in the first paragraph hereof and, subject to the
provisions of Article 6, shall also include any successor trustee. “Trustee” shall also mean or include each Person who is then a trustee hereunder and if at any time there is more than one such Person, “Trustee” as
used with respect to the Securities of any series shall mean the trustee with respect to the Securities of such series. 
 “U.S.
Government Obligation” means (a) a direct obligation of the United States of America, backed by its full faith and credit, or (b) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of
the United States of America, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America. 

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

  
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 “Yield to Maturity” means the yield to maturity on a series of securities,
calculated at the time of issuance of such series, or, if applicable, at the most recent redetermination of interest on such series, and calculated in accordance with accepted financial practice. 

ARTICLE 2 
 SECURITIES 

Section 2.01 Forms Generally. The Securities of each series shall be substantially in such form (not inconsistent with this
Indenture) as shall be established by or pursuant to one or more Board Resolutions (as set forth in a Board Resolution or, to the extent established pursuant to (rather than set forth in) a Board Resolution, an Officer’s Certificate detailing
such establishment) 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 imprinted or otherwise
reproduced thereon such legend or legends or endorsements, not inconsistent with the provisions of this Indenture, as may be required to comply with any law or with any rules or regulations pursuant thereto, or with any rules of any securities
exchange or to conform to general usage, all as may be determined by the officers executing such Securities as evidenced by their execution of such Securities. 

The definitive Securities shall be printed, lithographed or engraved on steel engraved borders or may be produced in any other manner, all as
determined by the officers executing such Securities as evidenced by their execution of such Securities. 
 Section 2.02 Form of
Trustee’s Certificate of Authentication. The Trustee’s certificate of authentication on all Securities shall be in substantially the following form: 

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

 

	
	
	   

	as Trustee

 
			
		
	By:	 	 
		 	Authorized Officer

 Section 2.03 Amount Unlimited; Issuable in Series. The aggregate principal amount of
Securities which may be authenticated and delivered under this Indenture is unlimited. 
 The Securities may be issued in one or more
series. The terms of a series of Securities shall be established prior to the initial issuance thereof in or pursuant to one or more Board Resolutions, or, to the extent established pursuant to (rather than set forth in) a Board Resolution, in an
Officer’s Certificate detailing such establishment and/or established in one or more indentures supplemental hereto. The terms of such series reflected in such Board Resolution, Officer’s Certificate, or supplemental indenture may include
the following or any additional or different terms: 

  
 7 

	 	(a)	 the designation of the Securities of the series (which may be part of a series of Securities previously
issued); 

  

	 	(b)	 any limit upon the aggregate principal amount of the Securities of the series that may be authenticated and
delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 2.08, 2.09, 2.11, 8.05 or 12.03);

  

	 	(c)	 the date or dates on which the principal of the Securities of the series is payable or the method used to
determine those dates and the right, if any, to extend such date or dates; 

  

	 	(d)	 the rate or rates at which the Securities of the series shall bear interest, if any or the method by which such
rate or rates shall be determined; the record date or dates for the determination of holders to whom interest is payable; the date or dates from which such interest shall accrue and on which such interest shall be payable, or the method by which
such date or dates shall be determined; the right, if any, to extend the interest payment periods and the duration of that extension; and the basis upon which interest shall be calculated if other than that of a
360-day year of twelve 30-day months; 

  

	 	(e)	 the place or places where the principal of and any interest on Securities of the series shall be payable (if
other than as provided in Section 3.02); 

  

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

  

	 	(g)	 if other than denominations of $2,000 and any integral multiple of $1,000 in excess thereof, the denominations
in which Securities of the series shall be issuable; 

  

	 	(h)	 if other than the principal amount thereof, the portion of the principal amount of Securities of the series
which shall be payable upon declaration of acceleration of the maturity thereof; 

  

	 	(i)	 if other than Dollars, the currency, currencies or currency units in which the Securities of the series are
denominated; 

  

	 	(j)	 if other than the currency in which the Securities of the series are denominated, the currency in which payment
of the principal of or interest on the Securities of such series shall be payable; 

  
 8 

	 	(k)	 if the principal of or interest on the Securities of the series is to be payable, at the election of the Issuer
or a Holder thereof, in a currency other than that in which the Securities are denominated, the period or periods within which, and the terms and conditions upon which, such election may be made; 

 

	 	(l)	 if the amount of payments of principal of and interest on the Securities of the series may be determined by
reference to an index based on a currency other than that in which the Securities of the series are denominated, or by reference to one or more currency exchange rates, securities or baskets of securities, commodity prices or indices, the manner in
which such amounts shall be determined; 

  

	 	(m)	 the terms and conditions, if applicable, upon which conversion or exchange of the Securities into Common Stock
will be effected, including the initial conversion or exchange price or rate and any adjustments thereto, the conversion or exchange period and other provisions in addition to or in lieu of those described herein; 

 

	 	(n)	 if the Securities of the series may be issued in exchange for surrendered Securities of another series, or for
other securities of the Issuer, pursuant to the terms of such Securities or securities or of any agreement entered into by the Issuer, the ratio of the principal amount of the Securities of the series to be issued to the principal amount of the
Securities or securities to be surrendered in exchange, and any other material terms of the exchange; 

  

	 	(o)	 if Sections 10.01(b) or 10.01(c) are inapplicable to Securities of such series; 

 

	 	(p)	 whether and under what circumstances the Issuer will pay Additional Amounts on the Securities and, if so,
whether the Issuer will have the option to redeem such Securities rather than pay such additional amounts; 

  

	 	(q)	 if the Securities of such series are to be issuable in definitive form (whether upon original issue or upon
exchange of a temporary Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, then the form and terms of such certificates, documents or conditions; 

 

	 	(r)	 any trustees, authenticating or paying agents, transfer agents or registrars or any other agents with respect
to the Securities of such series; 

  

	 	(s)	 any other events of default or covenants with respect to the Securities of such series in addition to or in
lieu of those contained in this Indenture; and 

  

	 	(t)	 any other terms of the series. 

  
 9 

 The Issuer may from time to time, without notice to or the consent of the holders of any
series of Securities, create and issue further Securities of any such series ranking equally with the Securities of such series in all respects (or in all respects other than (1) the payment of interest accruing prior to the issue date of such
further Securities or (2) the first payment of interest following the issue date of such further Securities). Such further Securities may be consolidated and form a single series with the Securities of such series and have the same terms as to
status, redemption or otherwise as the Securities of such series. 
 Section 2.04 Authentication and Delivery of Securities. The
Issuer may deliver Securities of any series executed by the Issuer to the Trustee for authentication together with the applicable documents referred to below in this Section, and the Trustee shall thereupon authenticate and deliver such Securities
to or upon the order of the Issuer (contained in the Issuer Order referred to below in this Section) or pursuant to such procedures acceptable to the Trustee and to such recipients as may be specified from time to time by an Issuer Order. The
maturity date, original issue date, interest rate and any other terms of the Securities of such series shall be determined by or pursuant to such Issuer Order and procedures. If provided for in such procedures, such Issuer Order may authorize
authentication and delivery pursuant to oral instructions from the Issuer or its duly authorized agent, which instructions shall be promptly confirmed in writing. 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 6.01) shall be fully protected in relying upon: 
  

	 	(a)	 an Issuer Order requesting such authentication and setting forth delivery instructions if the Securities are
not to be delivered to the Issuer; 

  

	 	(b)	 any Board Resolution, Officer’s Certificate and/or executed supplemental indenture referred to in Sections
2.01 and 2.03 by or pursuant to which the forms and terms of the Securities were established; 

  

	 	(c)	 an Officer’s Certificate setting forth the form or forms and terms of the Securities stating that the form
or forms and terms of the Securities have been established pursuant to Sections 2.01 and 2.03 and comply with this Indenture, and covering such other matters as the Trustee may reasonably request; and 

 

	 	(d)	 an Opinion of Counsel to the effect that: 

 

	 	(i)	 the form or forms and terms of such Securities have been established pursuant to Sections 2.01 and 2.03 and
comply with this Indenture, 

  

	 	(ii)	 the authentication and delivery of such Securities by the Trustee are authorized under the provisions of this
Indenture, and 

  

	 	(iii)	 such Securities when authenticated and delivered by the Trustee and issued by the Issuer in the manner and
subject to any conditions specified in such Opinion of Counsel, will constitute valid and binding obligations of the Issuer, and covering such other matters as the Trustee may reasonably request. 

  
 10 

 The Trustee shall have the right to decline to authenticate and deliver any Securities under
this Section if the Trustee, being advised by counsel, determines that such action may not lawfully be taken by the Issuer or if the Trustee in good faith by its board of directors or board of trustees, executive committee, or a trust committee of
directors or trustees or Responsible Officers shall determine that such action would expose the Trustee to personal liability to existing Holders or would affect the Trustee’s own rights, duties or immunities under the Securities, this
Indenture or otherwise. 
 The Issuer shall execute and the Trustee shall, in accordance with this Section with respect to the Securities of
a series, authenticate and deliver one or more Global Securities that (i) shall represent and shall be denominated in an amount equal to the aggregate principal amount of all of the Securities of such series issued and not yet cancelled,
(ii) shall be registered in the name of the Depositary for such Global Security or Securities or the nominee of such Depositary, (iii) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s instructions
and (iv) shall bear a legend substantially to the following effect: 
 “UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR
SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE
DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.” 
 Each Depositary designated
pursuant to this Section must, at the time of its designation and at all times while it serves as Depositary, be a clearing agency registered under the Securities Exchange Act of 1934, as amended, and any other applicable statute or regulation. 

Section 2.05 Execution of Securities. The Securities shall be signed on behalf of the Issuer by the chairman of its Board of
Directors, any vice chairman of its Board of Directors, its chief executive officer, its principal financial officer, its president, any vice president or its treasurer. Such signatures may be the manual or facsimile signatures of the present or any
future such officers. Typographical and other minor errors or defects in any such reproduction of any such signature shall not affect the validity or enforceability of any Security that has been duly authenticated and delivered by the Trustee. 

In case any officer of the Issuer who shall have signed any of the Securities shall cease to be such officer before the Security so signed
shall be authenticated and delivered by the Trustee or disposed of by the Issuer, such Security nevertheless may be authenticated and delivered or disposed of as though the person who signed such Security had not ceased to be such officer of the
Issuer; and any Security may be signed on behalf of the Issuer by such persons as, at the actual date of the execution of such Security, shall be the proper officers of the Issuer, although at the date of the execution and delivery of this Indenture
any such person was not such an officer. 

  
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 Section 2.06 Certificate of Authentication. Only such Securities as shall bear
thereon a certificate of authentication substantially in the form hereinbefore recited, executed by the Trustee by the manual signature of one of its authorized officers, shall be entitled to the benefits of this Indenture or be valid or obligatory
for any purpose. The execution of such certificate by the Trustee upon any Security executed by the Issuer shall be conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and that the Holder is
entitled to the benefits of this Indenture. 
 Section 2.07 Denomination and Date of Securities; Payments of Interest. The
Securities of each series shall be issuable in denominations established as contemplated by Section 2.03 or, if not so established, in denominations of $2,000 and any integral multiple of $1,000 thereof. The Securities of each series shall be
numbered, lettered or otherwise distinguished in such manner or in accordance with such plan as the officers of the Issuer executing the same may determine with the approval of the Trustee, as evidenced by the execution and authentication thereof.
Unless otherwise indicated in a Board Resolution, Officer’s Certificate or supplemental indenture for a particular series, interest will be calculated on the basis of a 360-day year of twelve 30-day months. 
 Each Security shall be dated the date of its authentication. The Securities of each
series shall bear interest, if any, from the date, and such interest shall be payable on the dates, established as contemplated by Section 2.03. 

The Person in whose name any Security of any series is registered at the close of business on any record date applicable to a particular
series with respect to any Interest Payment Date for such series shall be entitled to receive the interest, if any, payable on such Interest Payment Date notwithstanding any transfer, exchange or conversion of such Security subsequent to the record
date and prior to such Interest Payment Date, except if and to the extent the Issuer shall default in the payment of the interest due on such Interest Payment Date for such series, in which case such defaulted interest shall be paid to the Persons
in whose names Outstanding Securities for such series are registered at the close of business on a subsequent record date (which shall be not less than five Business Days prior to the date of payment of such defaulted interest) established by notice
given by or on behalf of the Issuer to the Holders of Securities not less than 15 days preceding such subsequent record date. The term “record date” as used with respect to any Interest Payment Date (except a date for payment of
defaulted interest) for the Securities of any series shall mean the date specified as such in the terms of the Securities of such series established as contemplated by Section 2.03, or, if no such date is so specified, if such Interest Payment
Date is the first day of a calendar month, the 15th day of the immediately preceding calendar month or, if such Interest Payment Date is the 15th day of a calendar month, the first day of such calendar month, whether or not such record date is a
Business Day. 
 Section 2.08 Registration, Transfer and Exchange. The Issuer will keep at each office or agency to be
maintained for the purpose as provided in Section 3.02 for each series of Securities a register or registers in which, subject to such reasonable regulations as it may prescribe, it will provide for the registration of Securities of such series
and the registration of transfer of Securities of such series. Such register shall be in written form in the English language or in any other form capable of being converted into such form within a reasonable time. At all reasonable times such
register or registers shall be open for inspection by the Trustee. 

  
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 Upon due presentation for registration of transfer of any Security of any series at any such
office or agency to be maintained for the purpose as provided in Section 3.02, the Issuer shall execute and the Trustee shall authenticate and deliver in the name of the transferee or transferees a new Security or Securities of the same series,
maturity date, interest rate and original issue date in authorized denominations for a like aggregate principal amount. 
 At the option of
the Holder thereof, Securities of any series (except a Global Security) may be exchanged for a Security or Securities of such series having authorized denominations and an equal aggregate principal amount, upon surrender of such Securities to be
exchanged at the agency of the Issuer that shall be maintained for such purpose in accordance with Section 3.02 and upon payment, if the Issuer shall so require, of the charges hereinafter provided. Whenever any Securities are so surrendered
for exchange, the Issuer shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. All Securities surrendered upon any exchange or transfer provided for in this
Indenture shall be promptly cancelled and disposed of by the Trustee and the Trustee will deliver a certificate of disposition thereof to the Issuer. 

All Securities presented for registration of transfer, exchange, redemption or payment shall (if so required by the Issuer or the Trustee) be
duly endorsed by, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Issuer and the Trustee duly executed by, the Holder or his or her attorney duly authorized in writing. 

The Issuer may require payment of a sum sufficient to cover any stamp or other tax or other governmental charge that may be imposed in
connection with any exchange or registration of transfer of Securities. No service charge shall be made for any such transaction. 
 The
Issuer shall not be required to exchange or register a transfer of (a) any Securities of any series for a period of 15 days immediately preceding the first delivery of notice of redemption of Securities of such series to be redeemed or
(b) any Securities selected, called or being called for redemption, in whole or in part, except, in the case of any Security to be redeemed in part, the portion thereof not so to be redeemed. 

Notwithstanding any other provision of this Section 2.08, unless and until it is exchanged in whole or in part for Securities in
definitive registered form, a Global Security representing all or a portion of the Securities of a series may not be transferred except as a whole by the Depositary for such series to a nominee of such Depositary or by a nominee of such Depositary
to such Depositary or another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for such series or a nominee of such successor Depositary. 

If at any time the Depositary for the Securities of a series notifies the Issuer that it is unwilling or unable to continue as Depositary for
the Securities of such series or if at any time the Depositary for the Securities of a series shall no longer be eligible under Section 2.04, the Issuer shall appoint a successor Depositary with respect to the Securities of such series. If a
successor Depositary for the Securities of such series is not appointed by the Issuer within 90 

  
 13 

 
days after the Issuer receives such notice or becomes aware of such ineligibility, the Issuer’s determination pursuant to Section 2.03 that the Securities of such series be represented
by a Global Security shall no longer be effective and the Issuer will execute, and the Trustee, upon receipt of an Officer’s Certificate for the authentication and delivery of definitive Securities of such series, will authenticate and deliver,
Securities of such series in definitive registered form, in any authorized denominations, in an aggregate principal amount equal to the principal amount of the Global Security or Securities representing the Securities of such series, in exchange for
such Global Security or Securities. 
 The Issuer may at any time and in its sole discretion determine that the Securities of any series
issued in the form of one or more Global Securities shall no longer be represented by a Global Security or Securities. In such event the Issuer will execute, and the Trustee, upon receipt of an Officer’s Certificate for the authentication and
delivery of definitive Securities of such series, will authenticate and deliver, Securities of such series in definitive registered form, in any authorized denominations, in an aggregate principal amount equal to the principal amount of the Global
Security or Securities representing such series, in exchange for such Global Security or Securities. 
 The Depositary for such Global
Security may surrender such Global Security in exchange in whole or in part for Securities of the same series in definitive registered form in accordance with the two preceding paragraphs or on such other terms as are acceptable to the Issuer and
such Depositary. Thereupon, the Issuer shall execute, and the Trustee shall authenticate and deliver, without service charge, 
  

	 	(i)	 to the Person specified by such Depositary a new Security or Securities of the same series, of any authorized
denominations as requested by such Person, in an aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the Global Security; and 

 

	 	(ii)	 to such Depositary a new Global Security in a denomination equal to the difference, if any, between the
principal amount of the surrendered Global Security and the aggregate principal amount of Securities authenticated and delivered pursuant to clause (i) above. 

Upon the exchange of a Global Security for Securities in definitive registered form, in authorized denominations, such Global Security shall
be cancelled by the Trustee. Securities in definitive registered form issued in exchange for a Global Security pursuant to this Section 2.08 shall be registered in such names and in such authorized denominations as the Depositary for such
Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Securities to or as directed by the Persons in whose names such Securities are so registered.

 All Securities issued upon any transfer or exchange of Securities shall be valid obligations of the Issuer, evidencing the same debt, and
entitled to the same benefits under this Indenture, as the Securities surrendered upon such transfer or exchange. 

  
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 Section 2.09 Mutilated, Defaced, Destroyed, Lost and Stolen Securities. In case
any temporary or definitive Security shall become mutilated or defaced or be destroyed, lost or stolen, the Issuer in its discretion may execute, and upon the written request of any officer of the Issuer, the Trustee shall authenticate and deliver a
new Security of the same series, maturity date, interest rate and original issue date, bearing a number or other distinguishing symbol not contemporaneously outstanding, in exchange and substitution for the mutilated or defaced Security, or in lieu
of and substitution for the Security so destroyed, lost or stolen. In every case the applicant for a substitute Security shall furnish to the Issuer and to the Trustee and any agent of the Issuer or the Trustee such security or indemnity as may be
required by them to indemnify and defend and to save each of them harmless and, in every case of destruction, loss or theft, evidence to their satisfaction of the destruction, loss or theft of such Security and of the ownership thereof and in the
case of mutilation or defacement shall surrender the Security to the Trustee. 
 Upon the issuance of any substitute Security, the Issuer
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. In case any Security which
has matured or is about to mature or has been called for redemption in full, or is being surrendered for conversion in full, shall become mutilated or defaced or be destroyed, lost or stolen, the Issuer may, instead of issuing a substitute Security
(with the Holder’s consent, in the case of convertible Securities), pay or authorize the payment of the same or convert, or authorize conversion of the same (without surrender thereof except in the case of a mutilated or defaced Security), if
the applicant for such payment shall furnish to the Issuer and to the Trustee and any agent of the Issuer or the Trustee such security or indemnity as any of them may require to save each of them harmless, and, in every case of destruction, loss or
theft, the applicant shall also furnish to the Issuer and the Trustee and any agent of the Issuer or the Trustee evidence to their satisfaction of the destruction, loss or theft of such Security and of the ownership thereof. 

Every substitute Security of any series issued pursuant to the provisions of this Section by virtue of the fact that any such Security is
destroyed, lost or stolen shall constitute an additional contractual obligation of the Issuer, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone and shall be entitled to all the benefits of (but shall
be subject to all the limitations of rights set forth in) this Indenture equally and proportionately with any and all other Securities of such series duly authenticated and delivered hereunder. All Securities shall be held and owned upon the express
condition that, to the extent permitted by law, the foregoing provisions are exclusive with respect to the replacement or payment or conversion of mutilated, defaced or destroyed, lost or stolen Securities and shall preclude any and all other rights
or remedies notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the replacement or payment of negotiable instruments or other securities without their surrender. 

Section 2.10 Cancellation of Securities; Destruction Thereof. All Securities surrendered for exchange for Securities of the same
series or for payment, redemption, registration of transfer or conversion or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the
Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled by it; 

  
 15 

 
and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of cancelled Securities held by it and
deliver a certificate of disposition to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the Debt represented by such Securities unless and until the same are
delivered to the Trustee for cancellation. 
 Section 2.11 Temporary Securities. Pending the preparation of definitive
Securities for any series, the Issuer may execute and the Trustee shall authenticate and deliver temporary Securities for such series (printed, lithographed, typewritten or otherwise reproduced, in each case in form satisfactory to the Trustee).
Temporary Securities of any series shall be issuable in any authorized denomination, and substantially in the form of the definitive Securities of such series but with such omissions, insertions and variations as may be appropriate for temporary
Securities, all as may be determined by the Issuer with the concurrence of the Trustee as evidenced by the execution and authentication thereof. Temporary Securities may contain such reference to any provisions of this Indenture as may be
appropriate. Every temporary Security shall be executed by the Issuer and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect, as the definitive Securities. Without unreasonable delay
the Issuer shall execute and shall furnish definitive Securities of such series and thereupon temporary Securities of such series may be surrendered in exchange therefor without charge at each office or agency to be maintained by the Issuer for that
purpose pursuant to Section 3.02 and the Trustee shall authenticate and deliver in exchange for such temporary Securities of such series an equal aggregate principal amount of definitive Securities of the same series having authorized
denominations. Until so exchanged, the temporary Securities of any series shall be entitled to the same benefits under this Indenture as definitive Securities of such series, unless the benefits of the temporary Securities are limited pursuant to
Section 2.03. 
 ARTICLE 3 

COVENANTS OF THE ISSUER 

Section 3.01 Payment of Principal and Interest. The Issuer covenants and agrees for the benefit of each series of Securities that
it will duly and punctually pay or cause to be paid the principal of, and interest on, each of the Securities of such series (together with any additional amounts payable pursuant to the terms of such Securities) at the place or places, at the
respective times and in the manner provided in such Securities and in this Indenture. The interest on Securities (together with any additional amounts payable pursuant to the terms of such Securities) shall be payable only to or upon the written
order of the Holders thereof and at the option of the Issuer may be paid by mailing checks for such interest payable to or upon the written order of such Holders at their last addresses as they appear on the Security register of the Issuer. 

Section 3.02 Offices for Payments, Etc. The Issuer will maintain (i) in _______, an agency where the Securities of each
series may be presented for payment, an agency where the Securities of each series may be presented for exchange and conversion, if applicable, as provided in this Indenture and an agency where the Securities of each series may be presented for
registration of transfer as in this Indenture provided and (ii) such further agencies in such places as may be determined for the Securities of such series pursuant to Section 2.03. 

  
 16 

 The Issuer will maintain in __________, an agency where notices and demands to or upon the
Issuer in respect of the Securities of any series or this Indenture may be served. 
 The Issuer will give to the Trustee written notice of
the location of each such agency and of any change of location thereof. In case the Issuer shall fail to maintain any agency required by this Section to be located in __________, or shall fail to give such notice of the location or of any change in
the location of any of the above agencies, presentations and demands may be made and notices may be served at the Corporate Trust Office of the Trustee. 

The Issuer may from time to time designate one or more additional agencies where the Securities of a series may be presented for payment,
where the Securities of that series may be presented for exchange or conversion, if applicable, as provided in this Indenture and pursuant to Section 2.03 and where the Securities of that series may be presented for registration of transfer as
in this Indenture provided, and the Issuer may from time to time rescind any such designation, as the Issuer may deem desirable or expedient; provided, however, that no such designation or rescission shall in any manner relieve the
Issuer of its obligation to maintain the agencies provided for in this Section. The Issuer will give to the Trustee prompt written notice of any such designation or rescission thereof. 

Section 3.03 Appointment to Fill a Vacancy in Office of Trustee. The Issuer, whenever necessary to avoid or fill a vacancy in the
office of Trustee, will appoint, in the manner provided in Section 6.10, a Trustee, so that there shall at all times be a Trustee with respect to each series of Securities hereunder. 

Section 3.04 Paying Agents. Whenever the Issuer shall appoint a paying agent other than the Trustee with respect to the Securities
of any series, it will cause such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section, 

 

	 	(a)	 that it will hold all sums received by it as such agent for the payment of the principal of or interest on the
Securities of such series (whether such sums have been paid to it by the Issuer or by any other obligor on the Securities of such series) in trust for the benefit of the Holders of the Securities of such series or of the Trustee,

  

	 	(b)	 that it will give the Trustee notice of any failure by the Issuer (or by any other obligor on the Securities of
such series) to make any payment of the principal of or interest on the Securities of such series when the same shall be due and payable, and 

  

	 	(c)	 that at any time during the continuance of any such failure, upon the written request of the Trustee, it will
forthwith pay to the Trustee all sums so held in trust by such paying agent. 

 The Issuer will, on or prior to each due
date of the principal of or interest on the Securities of such series, deposit with the paying agent a sum sufficient to pay such principal or interest so becoming due, and (unless such paying agent is the Trustee) the Issuer will promptly notify
the Trustee of any failure to take such action. 

  
 17 

 If the Issuer shall act as its own paying agent with respect to the Securities of any
series, it will, on or before each due date of the principal of or interest on the Securities of such series, set aside, segregate and hold in trust for the benefit of the Holders of the Securities of such series a sum sufficient to pay such
principal or interest so becoming due. The Issuer will promptly notify the Trustee of any failure to take such action. 
 Anything in this
Section to the contrary notwithstanding, but subject to Section 10.01, the Issuer may at any time, for the purpose of obtaining a satisfaction and discharge with respect to one or more or all series of Securities hereunder, or for any other
reason, pay or cause to be paid to the Trustee all sums held in trust for any such series by the Issuer or any paying agent hereunder, as required by this Section, such sums to be held by the Trustee upon the trusts herein contained. 

Anything in this Section to the contrary notwithstanding, the agreement to hold sums in trust as provided in this Section is subject to the
provisions of Sections 10.03 and 10.04. 
 Section 3.05 Written Statement to Trustee. So long as any Securities are Outstanding
hereunder, the Issuer will deliver to the Trustee, within 120 days after the end of each fiscal year of the Issuer ending after the date hereof, a written certificate covering the previous fiscal year, (which need not comply with
Section 11.05), signed by its principal executive officer, principal financial officer or principal accounting officer, stating whether or not, to the best knowledge of such officer, the Issuer is in default in the performance and observance of
any of the terms, provisions and conditions of this Indenture (without regard to any period of grace or requirement of notice provided hereunder) and, if the Issuer shall be in default, specifying all such defaults and the nature and status thereof
of which they may have knowledge. 
 ARTICLE 4 

SECURITYHOLDERS LISTS AND REPORTS BY THE ISSUER AND THE TRUSTEE 

Section 4.01 Issuer to Furnish Trustee Information as to Names and Addresses of Securityholders. The Issuer covenants and
agrees that it will furnish or cause to be furnished to the Trustee a list in such form as the Trustee may reasonably require of the names and addresses of the Holders of the Securities of each series pursuant to Section 312 of the Trust
Indenture Act of 1939: 
  

	 	(a)	 semiannually and not more than 15 days after each record date for the payment of interest on such Securities,
as hereinabove specified, as of such record date and on dates to be determined pursuant to Section 2.03 for non-interest bearing Securities in each year, and 

 

	 	(b)	 at such other times as the Trustee may request in writing, within 30 days after receipt by the Issuer of any
such request as of a date not more than 15 days prior to the time such information is furnished, provided, that, if and so long as the Trustee shall be the Security registrar (the “Security Registrar”) for such series, such
list shall not be required to be furnished. 

  
 18 

 Section 4.02 Reports by the Issuer. The Issuer covenants to comply with
Section 314(a) of the Trust Indenture Act of 1939 insofar as it relates to information, documentation and other reports which the Issuer may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the
Securities Exchange Act of 1934, as amended. 
 Section 4.03 Reports by the Trustee. Any Trustee’s report required under
Section 313(a) of the Trust Indenture Act of 1939 shall be transmitted on or before ______ in each year following the date hereof, so long as any Securities are Outstanding hereunder, and shall be dated as of a date convenient to the Trustee
but no more than 60 nor less than 45 days prior thereto. The Trustee shall comply with Sections 313(b), 313(c) and 313(d) of the Trust Indenture Act of 1939. 

Section 4.04 Preservation of Information; Communication with Securityholders. (a) The Trustee shall preserve, in as current a
form as is reasonably practicable, all information as to the names and addresses of the Holders of Securities contained in the most recent list furnished to it as provided in Section 4.01 and as to the names and addresses of holders of
Securities received by the Trustee in its capacity as Security Registrar (if acting in such capacity). 
  

	 	(b)	 The Trustee may destroy any list furnished to it as provided in Section 4.01 upon receipt of a new list so
furnished. 

  

	 	(c)	 Securityholders may communicate as provided in Section 312(b) of the Trust Indenture Act of 1939 with
other Securityholders with respect to their rights under this Indenture or under the Securities. The Issuer, the Trustee, the Security Registrar and any other Person shall have the protection of Section 312(c) of the Trust Indenture Act of
1939. 

 ARTICLE 5 

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT 

Section 5.01 Event of Default Defined; Acceleration of Maturity; Waiver of Default. “Event of Default”,
with respect to Securities of any series wherever used herein, means any one of the following events which shall have occurred and be continuing (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)	 default in the payment of any installment of interest upon any of the Securities of such series as and when the
same shall become due and payable, and continuance of such default for a period of 30 days (or such other period as may be established for the Securities of such series as contemplated by Section 2.03); or 

 

	 	(b)	 default in the payment of all or any part of the principal on any of the Securities of such series as and when
the same shall become due and payable either at maturity, upon redemption, by declaration or otherwise (and, if established for the Securities of such series as contemplated by Section 2.03, the continuance of such default for a specified
period); or 

  
 19 

	 	(c)	 default in the performance, or breach, of any covenant or agreement of the Issuer in respect of the Securities
of such series (other than a covenant or agreement in respect of the Securities of such series a default in the performance or breach of which is elsewhere in this Section specifically dealt with), and continuance of such default or breach for a
period of 90 days after there has been given, by registered or certified mail, to the Issuer by the Trustee or to the Issuer and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of such series, a written
notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 

  

	 	(d)	 a court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Issuer
in an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee or sequestrator (or similar official) of the Issuer or for all or
substantially all of its property and assets or ordering the winding up or liquidation of its affairs, and such decree or order shall remain unstayed and in effect for a period of 90 consecutive days; or 

 

	 	(e)	 the Issuer shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now
or hereafter in effect, or consent to the entry of an order for relief in an involuntary case under any such law, or consent to the appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee or sequestrator (or
similar official) of the Issuer or for any substantial part of its property and assets, or make any general assignment for the benefit of creditors; or 

  

	 	(f)	 any other Event of Default provided for in such series of Securities. 

If an Event of Default described in clauses (a), (b), (c) or (f) occurs and is continuing, then, and in each and every such case, unless
the principal of all of the Securities of such series shall have already become due and payable, either the Trustee or the Holders of not less than 25% in aggregate principal amount of the Securities of such series then Outstanding hereunder (each
such series voting as a separate class) by notice in writing to the Issuer (and also to the Trustee if given by Securityholders), may declare the entire principal (or, if the Securities of such series are Original Issue Discount Securities, such
portion of the principal amount as may be specified in the terms of such series) of all Securities of such series and the interest accrued thereon, if any, to be due and payable immediately, and upon any such declaration the same shall become
immediately due and payable. If an Event of Default described in clauses (d) or (e) occurs and is continuing, then and in each and every such case, the entire principal (or, if any Securities are Original Issue Discount Securities, such portion
of the principal as may be specified in the terms thereof) of all the Securities then Outstanding and interest accrued thereon, if any, shall automatically become immediately due and payable. 

  
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 The foregoing provisions, however, are subject to the condition that if, at any time after
the principal of the Securities of any series shall have been so declared due and payable, and before any judgment or decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided, the Issuer shall pay or shall
deposit with the Trustee a sum sufficient to pay all matured installments of interest upon all the Securities of such series and the principal of any and all Securities of such series which shall have become due otherwise than by acceleration (with
interest upon such principal and, to the extent that payment of such interest is enforceable under applicable law, on overdue installments of interest, at the same rate as the rate of interest specified in the Securities of such series to the date
of such payment or deposit) and such amount as shall be sufficient to cover reasonable compensation to the Trustee, its agents, attorneys and counsel, and all other expenses and liabilities incurred, and all advances made, by the Trustee except as a
result of negligence or bad faith, and if any and all Events of Default under the Indenture with respect to such series, other than the non-payment of the principal of Securities of such series which shall
have become due solely by such acceleration, shall have been cured, waived or otherwise remedied as provided herein, then and in every such case the Holders of a majority in aggregate principal amount of all the Securities of such series then
Outstanding, by written notice to the Issuer and to the Trustee, may waive all defaults with respect to such series and rescind and annul such declaration and its consequences, but no such waiver or rescission and annulment shall extend to or shall
affect any subsequent default or shall impair any right consequent thereon. 
 Unless otherwise indicated in the Board Resolution,
Officer’s Certificate or supplemental indenture for a series of Original Issue Discount Securities, for all purposes under this Indenture, if a portion of the principal of any Original Issue Discount Securities shall have been accelerated and
declared due and payable pursuant to the provisions hereof, then, from and after such declaration, unless such declaration has been rescinded and annulled, the principal amount of such Original Issue Discount Securities shall be deemed, for all
purposes hereunder, to be such portion of the principal thereof as shall be due and payable as a result of such acceleration, and payment of such portion of the principal thereof as shall be due and payable as a result of such acceleration, together
with interest, if any, thereon and all other amounts owing thereunder, shall constitute payment in full of such Original Issue Discount Securities. 

Section 5.02 Collection of Debt by Trustee; Trustee May Prove Debt. The Issuer covenants that (a) in case default shall be
made in the payment of any installment of interest on any of the Securities of any series when such interest shall have become due and payable, and such default shall have continued for a period of 30 days or (b) in case default shall be made
in the payment of all or any part of the principal of any of the Securities of any series when the same shall have become due and payable, whether upon maturity of the Securities of such series or upon any redemption or by declaration or otherwise,
then, upon demand of the Trustee, the Issuer will pay to the Trustee for the benefit of the Holders of the Securities of such series the whole amount that then shall have become due and payable on all Securities of such series for principal or
interest, as the case may be (with interest to the date of such payment upon the overdue principal and, to the extent that payment of such interest is enforceable under applicable law, on overdue installments of interest at the same rate as the rate
of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in the Securities of such series); and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection,
including reasonable compensation to the Trustee and each predecessor trustee, their respective agents, attorneys and counsel, and any expenses and liabilities incurred, and all advances made, by the Trustee and each predecessor trustee except as a
result of its negligence or bad faith. 

  
 21 

 In case the Issuer shall fail forthwith to pay such amounts upon such demand, the Trustee,
in its own name and as trustee of an express trust, shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid, and may prosecute any such action or proceedings to
judgment or final decree, and may enforce any such judgment or final decree against the Issuer or other obligor upon such Securities and collect in the manner provided by law out of the property of the Issuer or other obligor upon such Securities,
wherever situated, the moneys adjudged or decreed to be payable. 
 In case there shall be pending proceedings relative to the Issuer or any
other obligor upon the Securities under Title 11 of the United States Code or any other applicable Federal or state bankruptcy, insolvency or other similar law, or in case a receiver, assignee or trustee in bankruptcy or reorganization, liquidator,
sequestrator or similar official shall have been appointed for or taken possession of the Issuer or its property or such other obligor or its property, or in case of any other comparable judicial proceedings relative to the Issuer or other obligor
upon the Securities of any series, or to the creditors or property of the Issuer or such other obligor, the Trustee, irrespective of whether the principal of any Securities shall then be due and payable as therein expressed or by declaration or
otherwise and irrespective of whether the Trustee shall have made any demand pursuant to the provisions of this Section, shall be entitled and empowered, by intervention in such proceedings or otherwise: 

 

	 	(i)	 to file and prove a claim or claims for the whole amount of principal and interest (or, if the Securities of
any series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of such series) owing and unpaid in respect of the Securities of any series, and to file such other papers or documents as may
be necessary or advisable in order to have the claims of the Trustee (including any claim for reasonable compensation to the Trustee and each predecessor trustee, and their respective agents, attorneys and counsel, and for reimbursement of all
expenses and liabilities incurred, and all advances made, by the Trustee and each predecessor trustee, except as a result of negligence or bad faith) and of the Securityholders allowed in any judicial proceedings relative to the Issuer or other
obligor upon the Securities of any series, or to the creditors or property of the Issuer or such other obligor, 

  

	 	(ii)	 unless prohibited by applicable law and regulations, to vote on behalf of the Holders of the Securities of any
series in any election of a trustee or a standby trustee in arrangement, reorganization, liquidation or other bankruptcy or insolvency proceedings or person performing similar functions in comparable proceedings, and 

  
 22 

	 	(iii)	 to collect and receive any moneys or other property payable or deliverable on any such claims, and to
distribute all amounts received with respect to the claims of the Securityholders and of the Trustee on their behalf; and any trustee, receiver or liquidator, custodian or other similar official is hereby authorized by each of the Securityholders to
make payments to the Trustee, and, in the event that the Trustee shall consent to the making of payments directly to the Securityholders, to pay to the Trustee such amounts as shall be sufficient to cover reasonable compensation to the Trustee, each
predecessor trustee and their respective agents, attorneys and counsel, and all other expenses and liabilities incurred, and all advances made, by the Trustee and each predecessor trustee except as a result of negligence or bad faith and all other
amounts due to the Trustee or any predecessor trustee pursuant to Section 6.06. 

 Nothing herein contained shall be
deemed to authorize the Trustee to authorize or consent to or vote for or accept or adopt on behalf of any Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities of any series or the rights of any
Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Securityholder in any such proceeding except, as aforesaid, to vote for the election of a trustee in bankruptcy or similar person. 

All rights of action and of asserting claims under this Indenture, or under any of the Securities of any series, may be enforced by the
Trustee without the possession of any of the Securities of such series or the production thereof on any trial or other proceedings relative thereto, and any such action or proceedings instituted by the Trustee shall be brought in its own name as
trustee of an express trust, and any recovery of judgment, subject to the payment of the expenses, disbursements and compensation of the Trustee, each predecessor trustee and their respective agents and attorneys, shall be for the ratable benefit of
the Holders of the Securities in respect of which such action was taken. 
 In any proceedings brought by the Trustee (and also any
proceedings involving the interpretation of any provision of this Indenture to which the Trustee shall be a party), the Trustee shall be held to represent all the Holders of the Securities in respect to which such action was taken, and it shall not
be necessary to make any Holders of such Securities parties to any such proceedings. 
 Section 5.03 Application of Proceeds.
Any moneys collected by the Trustee pursuant to this Article in respect of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal or
interest, upon presentation of the several Securities in respect of which monies have been collected and stamping (or otherwise noting) thereon the payment, or issuing Securities of such series in reduced principal amounts in exchange for the
presented Securities of like series if only partially paid, or upon surrender thereof if fully paid: 

  
 23 

 FIRST: To the payment of all amounts due to the Trustee or any predecessor
trustee pursuant to Section 6.06; 
 SECOND: In case the principal of the Securities of such series in respect of which
moneys have been collected shall not have become and be then due and payable, to the payment of interest on the Securities of such series in default in the order of the maturity of the installments of such interest, with interest (to the extent that
such interest has been collected by the Trustee) upon the overdue installments of interest, to the extent permitted by applicable law, at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities)
specified in such Securities, such payments to be made ratably to the Persons entitled thereto, without discrimination or preference; 

THIRD: In case the principal of the Securities of such series in respect of which moneys have been collected shall have become
and shall be then due and payable, to the payment of the whole amount then owing and unpaid upon all the Securities of such series for principal and interest, with interest upon the overdue principal, and (to the extent that such interest has been
collected by the Trustee) upon overdue installments of interest, to the extent permitted by applicable law, at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in the Securities
of such series; and in case such moneys shall be insufficient to pay in full the whole amount so due and unpaid upon the Securities of such series, then to the payment of such principal and interest, without preference or priority of principal over
interest, or of interest over principal, or of any installment of interest over any other installment of interest, or of any Security of such series over any other Security of such series, ratably to the aggregate of such principal and accrued and
unpaid interest; and 
 FOURTH: To the payment of the remainder, if any, to the Issuer or any other Person lawfully entitled
thereto. 
 Section 5.04 Suits for Enforcement. In case an Event of Default has occurred, has not been waived and is continuing,
the Trustee may in its discretion proceed to protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, either at law or in
equity or in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture or to enforce any other legal or equitable right
vested in the Trustee by this Indenture or by law. 
 Section 5.05 Restoration of Rights on Abandonment of Proceedings. In case
the Trustee shall have proceeded to enforce any right under this Indenture and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee, then and in every such case (subject to
any determination in such proceeding) the Issuer and the Trustee shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Issuer, the Trustee and the Securityholders shall continue as
though no such proceedings had been taken. 

  
 24 

 Section 5.06 Limitations on Suits by Securityholders. No Holder of any Security
of any series shall have any right by virtue, or by availing itself, of any provision of this Indenture to institute any action or proceeding at law or in equity or in bankruptcy or otherwise upon or under or with respect to this Indenture, or for
the appointment of a trustee, receiver, liquidator, custodian or other similar official or for any other remedy hereunder, unless such Holder previously shall have given to the Trustee written notice of default and of the continuance thereof, as
hereinbefore provided, and unless also the Holders of not less than 25% in aggregate principal amount of the Securities of such series then Outstanding shall have made written request upon the Trustee to institute such action or proceedings in its
own name as trustee hereunder and shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby and the Trustee for 60 days after its receipt of such
notice, request and offer of indemnity shall have failed to institute any such action or proceeding and no direction inconsistent with such written request shall have been given to the Trustee pursuant to Section 5.09; it being understood and
intended, and being expressly covenanted by the Holder of every Security of a particular series with every other Holder of Securities of such series and the Trustee, that no one or more Holders of Securities of any series shall have any right in any
manner whatever by virtue or by availing of any provision of this Indenture to affect, disturb or prejudice the rights of any other such Holder of Securities of such series, or to obtain or seek to obtain priority over or preference to any other
such Holder of such series or to enforce any right under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all Holders of Securities of the applicable series. For the protection and enforcement of
the provisions of this Section, each and every Securityholder and the Trustee shall be entitled to such relief as can be given either at law or in equity. 

Section 5.07 Unconditional Right of Securityholders to Institute Certain Suits. Notwithstanding any other provision in this
Indenture and any provision of any Security, the right of any Holder of any Security to receive payment of the principal of and interest on such Security on or after the respective due dates expressed in such Security in accordance with the terms
hereof and thereof, or to institute 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; it being understood and intended, and being expressly
covenanted by the Holder of every Security of a particular series with every other Holder of Securities of such Series and the Trustee, that no one or more Holders of Securities of any series shall have any right in any manner whatever by virtue or
by availing of any provision of this Indenture to affect, disturb or prejudice the rights of any other such Holder of Securities of such series, or to obtain or seek to obtain priority over or preference to any other such Holder of Securities of
such series or to enforce any right under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all Holders of Securities of the applicable series. For the protection and enforcement of the provisions
of this Section, each and every Securityholder and the Trustee shall be entitled to such relief as can be given either at law or in equity. 

Section 5.08 Powers and Remedies Cumulative; Delay or Omission Not Waiver of Default. Except as provided in
Section 5.06, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders of Securities 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. 

  
 25 

 No delay or omission of the Trustee or of any Holder of Securities to exercise any right or
power accruing upon any Event of Default occurring and continuing as aforesaid shall impair any such right or power or shall be construed to be a waiver of any such Event of Default or an acquiescence therein; and, subject to Section 5.06,
every power and remedy given by this Indenture or by law to the Trustee or to the Holders of Securities may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Holders of Securities. 

Section 5.09 Control by Holders of Securities. The Holders of a majority in aggregate principal amount of the Securities of each
series affected (with each series voting as a separate class) at the time Outstanding shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power
conferred on the Trustee with respect to the Securities of such series by this Indenture; provided, that such direction shall not be otherwise than in accordance with law and the provisions of this Indenture and provided, further, that
(subject to the provisions of Section 6.01) the Trustee shall have the right to decline to follow any such direction if the Trustee, being advised by counsel, shall determine that the action or proceeding so directed may not lawfully be taken
or if the Trustee in good faith by its board of directors, the executive committee, or a trust committee of directors or Responsible Officers of the Trustee shall determine that the action or proceedings so directed would involve the Trustee in
personal liability or if the Trustee in good faith shall so determine that the actions or forbearances specified in or pursuant to such direction would be unduly prejudicial to the interests of Holders of the Securities of all series so affected not
joining in the giving of said direction, it being understood that (subject to Section 6.01) the Trustee shall have no duty to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders. 

Nothing in this Indenture shall impair the right of the Trustee in its discretion to take any action deemed proper by the Trustee and which is
not inconsistent with such direction or directions by Securityholders. 
 Section 5.10 Waiver of Past Defaults. The Holders of a
majority in aggregate principal amount of the Securities of any series at the time Outstanding, by notice to the Trustee, may on behalf of the Holders of all the Securities of such series waive any existing default in the performance of any of the
covenants contained herein or established pursuant to Section 2.03 with respect to such series and its consequences, except an uncured default in the payment of the principal of, or interest on, any of the Securities of that series as and when
the same shall become due by the terms of such Securities; and may rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration. In the case of any such waiver, the Issuer, the Trustee and
the Holders of the Securities of such series shall be restored to their former positions and rights hereunder, respectively, such default shall cease to exist and be deemed to have been cured and not to have occurred, and any Event of Default
arising therefrom shall be deemed to have been cured, and not to have occurred for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon. 

  
 26 

 Section 5.11 Trustee to Give Notice of Default. The Trustee shall, within 90
days after the occurrence of a default with respect to the Securities of any series, give notice of all defaults with respect to that series known to the Trustee to all Holders of Securities of such series in the manner and to the extent provided in
Sections 4.03 and 11.04, unless in each case such defaults shall have been cured before the giving of such notice (the term “defaults” for the purpose of this Section being hereby defined to mean any event or condition which is, or
with notice or lapse of time or both would become, an Event of Default); provided, that, except in the case of default in the payment of the principal of or interest on any of the Securities of such series, or in the payment of any sinking
fund installment on such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, or a trust committee of directors or trustees and/or Responsible Officers of the Trustee in
good faith determines that the withholding of such notice is in the interests of the Securityholders of such series. 
 Section 5.12
Right of Court to Require Filing of Undertaking to Pay Costs. All parties to this Indenture agree, and each Holder of any Security by his or her acceptance thereof shall be deemed to have agreed, that any court may in its discretion
require, in any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to
pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or
defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Trustee, to any suit instituted by any Securityholder or group of Securityholders of any series holding in the aggregate more than
10% in aggregate principal amount of the Securities of such series, or to any suit instituted by any Securityholder for the enforcement of the payment of the principal of or interest on any Security of such series, on or after the respective due
dates expressed in such Security or established pursuant to this Indenture. 
 ARTICLE 6 

CONCERNING THE TRUSTEE 

Section 6.01 Duties and Responsibilities of the Trustee; During Default; Prior to Default. With respect to the Holders of
any series of Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Securities of a particular series and after the curing or waiving of all Events of Default which may have occurred with
respect to such series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. In case an Event of Default with respect to the Securities of a series has occurred (and has not been cured or waived),
the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own
affairs. 
 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. 

  
 27 

 Section 6.02 Certain Rights of the Trustee. In furtherance of and subject to the
Trust Indenture Act of 1939 and subject to Section 6.01: 
  

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

  

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

  

	 	(c)	 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 pursuant to Section 5.09 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; 

  

	 	(d)	 none of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or
otherwise incur personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers if there shall be reasonable ground for believing that the repayment of such funds or adequate indemnity against
such liability is not reasonably assured to it; 

  

	 	(e)	 the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution,
Officer’s Certificate or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture, note, security or other paper or document believed by it to be genuine and to have been signed or
presented by the proper party or parties; 

  

	 	(f)	 any request, direction, order or demand of the Issuer mentioned herein shall be sufficiently evidenced by an
Officer’s Certificate (unless other evidence in respect thereof be herein specifically prescribed); and any resolution of the Board of Directors may be evidenced to the Trustee by a copy thereof certified by the secretary or an assistant
secretary of the Issuer; 

  
 28 

	 	(g)	 the Trustee may consult with counsel and any advice or Opinion of Counsel shall be full and complete
authorization and protection in respect of any action taken, suffered or omitted to be taken by it hereunder in good faith and in accordance with such advice or Opinion of Counsel; 

 

	 	(h)	 the Trustee shall be under no obligation to exercise any of the trusts or powers vested in it by this Indenture
at the request, order or direction of any of the Securityholders pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities
that might be incurred therein or thereby; 

  

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

  

	 	(j)	 prior to the occurrence of an Event of Default hereunder and after the curing or waiving of all Events of
Default, 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, consent, order, approval, appraisal, bond, debenture, note,
security, or other paper or document unless requested in writing so to do by the Holders of not less than a majority in aggregate principal amount of the Securities of all series affected then Outstanding; provided, that, if the payment
within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not reasonably assured to the Trustee by the security afforded to it by
the terms of this Indenture, the Trustee may require reasonable indemnity against such expenses or liabilities as a condition to proceeding; the reasonable expenses of every such investigation shall be paid by the Issuer or, if paid by the Trustee
or any predecessor trustee, shall be repaid by the Issuer upon demand; and 

  

	 	(k)	 the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly
or by or through agents or attorneys not regularly in its employ and the Trustee shall not be responsible for any misconduct or negligence on the part of any such agent or attorney appointed with due care by it hereunder. 

Section 6.03 Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof. The
recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the statements of the Issuer, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes
no representation as to the validity or sufficiency of this Indenture or of the Securities. The Trustee shall not be accountable for the use or application by the Issuer of any of the Securities or of the proceeds thereof. 

  
 29 

 Section 6.04 Trustee and Agents May Hold Securities; Collections, Etc. The
Trustee or any agent of the Issuer or the Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not the Trustee or such agent and may otherwise deal with the
Issuer and receive, collect, hold and retain collections from the Issuer with the same rights it would have if it were not the Trustee or such agent. 

Section 6.05 Moneys Held by Trustee. Subject to the provisions of Section 10.04 hereof, all moneys received by the Trustee
shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Trustee nor any
agent of the Issuer or the Trustee shall be under any liability for interest on any moneys received by it hereunder. 
 Section 6.06
Compensation and Indemnification of Trustee and Its Prior Claim. The Issuer covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, such reasonable compensation (which shall not be limited by
any provision of law in regard to the compensation of a trustee of an express trust) as the Issuer and the Trustee may from time to time agree in writing and, except as otherwise expressly provided herein, the Issuer covenants and agrees to pay or
reimburse the Trustee and each predecessor trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by or on behalf of it in accordance with any of the provisions of this Indenture (including the reasonable
compensation and the expenses and disbursements of its counsel and of all agents and other persons not regularly in its employ) except any such expense, disbursement or advance as may arise from its negligence or bad faith. The Issuer also covenants
to indemnify the Trustee and each predecessor trustee for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of
this Indenture or the trusts hereunder and its duties hereunder, including the costs and expenses of defending itself against or investigating any claim of liability in the premises. The obligations of the Issuer under this Section to compensate and
indemnify the Trustee and each predecessor trustee and to pay or reimburse the Trustee and each predecessor trustee for expenses, disbursements and advances shall constitute additional indebtedness hereunder and shall survive the satisfaction and
discharge of this Indenture. Such additional indebtedness shall be a senior claim to that of the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the Holders of particular
Securities, and the Securities are hereby subordinated to such senior claim. 
 Section 6.07 Right of Trustee to Rely on
Officer’s Certificate, Etc. Subject to Sections 6.01 and 6.02, whenever in the administration of the trusts of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to
taking or suffering or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively
proved and established by an Officer’s Certificate delivered to the Trustee, and such certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or
omitted by it under the provisions of this Indenture upon the faith thereof. 

  
 30 

 Section 6.08 Disqualification; Conflicting Interests. If the Trustee has or
shall acquire any “conflicting interest” within the meaning of Section 310(b) of the Trust Indenture Act, the Trustee and the Issuer shall in all respects comply with the provisions of Section 310(b) of the Trust Indenture Act.

 Section 6.09 Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all
times be a corporation having a combined capital and surplus of at least $50,000,000 and shall be eligible in accordance with the provisions of Section 310(a) of the Trust Indenture Act of 1939. If such corporation publishes reports of
condition at least annually, pursuant to law or to the requirements of a Federal, State 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 forth in its most recent report of condition so published. 
 Section 6.10
Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to one or more or all series of Securities by giving written notice of
resignation to the Issuer and by delivering notice of such resignation to the Holders of then Outstanding Securities of each series affected at their addresses as they shall appear on the Security register. Upon receiving such notice of resignation,
the Issuer shall promptly appoint a successor trustee or trustees with respect to the applicable series by written instrument in duplicate, executed by authority of the Board of Directors, one copy of which instrument shall be delivered to the
resigning Trustee and one copy to the successor trustee or trustees. If no successor trustee shall have been so appointed with respect to any series and have accepted appointment within 30 days after the delivery of such notice of resignation, the
resigning trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or any Securityholder who has been a bona fide Holder of a Security or Securities of the applicable series for at least six months may, on
behalf of himself or herself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor
trustee. 
  

	 	(b)	 In case at any time any of the following shall occur: 

 

	 	(i)	 the Trustee shall fail to comply with the provisions of Section 310(b) of the Trust Indenture Act of 1939
with respect to any series of Securities after written request therefor by the Issuer or by any Securityholder who has been a bona fide Holder of a Security or Securities of such series for at least six months; or 

 

	 	(ii)	 the Trustee shall cease to be eligible in accordance with the provisions of Section 310(a) of the Trust
Indenture Act of 1939 and shall fail to resign after written request therefor by the Issuer or by any Securityholder; or 

  

	 	(iii)	 the Trustee shall become incapable of acting with respect to any series of Securities, or shall be adjudged
bankrupt or insolvent, or a receiver or liquidator of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation
or liquidation; 

  
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 then, in any such case, (A) the Issuer may remove the Trustee with respect to the
applicable series of Securities and appoint a successor trustee for such series by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the Trustee so removed and one copy
to the successor trustee, or, (B) subject to Section 315(e) of the Trust Indenture Act of 1939, any Securityholder who has been a bona fide Holder of a Security or Securities of such series for at least six months may on behalf of itself
and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee with respect to such series. Such court may thereupon, after such notice, if any, as it may
deem proper and prescribe, remove the Trustee and appoint a successor trustee. 
  

	 	(c)	 The Holders of a majority in aggregate principal amount of the Securities of each series at the time
Outstanding may at any time remove the Trustee with respect to Securities of such series and, with the consent of the Issuer, appoint a successor trustee with respect to the Securities of such series by delivering to the Trustee so removed, to the
successor trustee so appointed and to the Issuer the evidence provided for in Section 7.01 of the action in that regard taken by the Securityholders. 

  

	 	(d)	 Any resignation or removal of the Trustee with respect to any series and any appointment of a successor trustee
with respect to such series pursuant to any of the provisions of this Section 6.10 shall become effective upon acceptance of appointment by the successor trustee as provided in Section 6.11. 

Section 6.11 Acceptance of Appointment by Successor Trustee. Any successor trustee appointed as provided in Section 6.10
shall execute and deliver to the Issuer and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become
effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named
as trustee for such series hereunder; but, nevertheless, on the written request of the Issuer or of the successor trustee, upon payment of its charges then unpaid, the trustee ceasing to act shall, subject to Section 10.04, pay over to the
successor trustee all moneys at the time held by it hereunder and shall execute and deliver an instrument transferring to such successor trustee all such rights, powers, duties and obligations. Upon request of any such successor trustee, the Issuer
shall execute any and all instruments in writing for more fully and certainly vesting in and confirming to such successor trustee all such rights and powers. Any trustee ceasing to act shall, nevertheless, retain a prior claim upon all property or
funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 6.06. 

  
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 If a successor trustee is appointed with respect to the Securities of one or more (but not
all) series, the Issuer, the predecessor trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed
necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor trustee with respect to the Securities of any series as to which the predecessor trustee is not retiring shall continue to be vested in the
predecessor trustee, and 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 under separate indentures. 

No successor trustee with respect to any series of Securities shall accept appointment as provided in this Section 6.11 unless at the
time of such acceptance such successor trustee shall be qualified under the provisions of Section 310(b) of the Trust Indenture Act of 1939 and eligible under the provisions of Section 310(a) of the Trust Indenture Act of 1939. 

Upon acceptance of appointment by any successor trustee as provided in this Section 6.11, the Issuer shall deliver notice thereof to the
Holders of Securities of each series affected, by delivering such notice to such Holders at their addresses as they shall appear on the Security register. If the acceptance of appointment is substantially contemporaneous with the resignation, then
the notice called for by the preceding sentence may be combined with the notice called for by Section 6.10. If the Issuer fails to deliver such notice within ten days after acceptance of appointment by the successor trustee, the successor
trustee shall cause such notice to be given at the expense of the Issuer. 
 Section 6.12 Merger, Conversion, Consolidation or
Succession to Business of Trustee. 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 the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder; provided, that such corporation shall be qualified under the provisions of Section 310(b) of
the Trust Indenture Act of 1939 and eligible under the provisions of Section 310(a) of the Trust Indenture Act of 1939, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to
the contrary notwithstanding. 
 In case, at the time such successor to the Trustee shall succeed to the trusts created by this Indenture,
any of the Securities of any series shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor trustee and deliver such Securities so authenticated; and, in case
at that time any of the Securities of any series shall not have been authenticated, any successor to the Trustee may authenticate such Securities either in the name of any predecessor hereunder or in the name of the successor trustee; and in all
such cases such certificate shall have the full force which it is anywhere in the Securities of such series or in this Indenture provided that the certificate of the Trustee shall have; provided, that the right to adopt the certificate of
authentication of any predecessor trustee or to authenticate Securities of any series in the name of any predecessor trustee shall apply only to its successor or successors by merger, conversion or consolidation. 

  
 33 

 Section 6.13 Preferential Collection of Claims Against the Issuer. The Trustee
shall comply with Section 311(a) of the Trust Indenture Act of 1939, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act of 1939. A Trustee who has resigned or been removed shall be subject to
Section 311(a) of the Trust Indenture Act of 1939 to the extent included therein. 
 ARTICLE 7 

CONCERNING THE SECURITYHOLDERS 

Section 7.01 Evidence of Action Taken by Securityholders. Any request, demand, authorization, direction, notice, consent, waiver
or other action provided by this Indenture to be given or taken by a specified percentage in principal amount of the Securityholders of any or all series may be embodied in and evidenced by one or more instruments of substantially similar tenor
signed by such specified percentage of Securityholders in person or by agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the
Trustee. Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Sections 6.01 and 6.02) conclusive in favor of the Trustee and the Issuer, if made in the
manner provided in this Article. 
 Section 7.02 Proof of Execution of Instruments and of Holding of Securities. Subject
to Sections 6.01 and 6.02, the execution of any instrument by a Holder or his agent or proxy may be proved in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as shall be satisfactory to the
Trustee. The holding of Securities shall be proved by the Security register or by a certificate of the registrar thereof. The Issuer may set a record date for purposes of determining the identity of Holders of any series entitled to vote or consent
to any action referred to in Section 7.01, which record date may be set at any time or from time to time by notice to the Trustee, for any date or dates (in the case of any adjournment or reconsideration) not more than 60 days nor less than
five days prior to the proposed date of such vote or consent, and thereafter, notwithstanding any other provisions hereof, only Holders of such series of record on such record date shall be entitled to so vote or give such consent or revoke such
vote or consent. Notice of such record date may be given before or after any request for any action referred to in Section 7.01 is made by the Issuer. 

Section 7.03 Holders to Be Treated as Owners. The Issuer, the Trustee and any agent of the Issuer or of the Trustee may deem and
treat the Person in whose name any Security shall be registered upon the Security register for such series as the absolute owner of such Security (whether or not such Security shall be overdue and notwithstanding any notation of ownership or other
writing thereon) for the purpose of receiving payment of or on account of the principal of, and, subject to the provisions of this Indenture, interest on, such Security and for all other purposes; and neither the Issuer nor the Trustee nor any agent
of the Issuer or the Trustee shall be affected by any notice to the contrary. All such payments so made to any such Person, or upon his or her order, shall be valid, and, to the extent of the sum or sums so paid, effectual to satisfy and discharge
the liability for moneys payable. 
 Section 7.04 Securities Owned by Issuer Deemed Not Outstanding. In determining whether the
Holders of the requisite aggregate principal amount of Outstanding Securities of any or all series have concurred in any direction, consent or waiver under this Indenture, Securities that are owned by the Issuer or any other obligor on the
Securities with respect to which such determination is being made or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Issuer or any other obligor on the Securities with respect to
which such determination is being made shall be disregarded and deemed not to be Outstanding for the purpose of any such determination, except that, for the purpose of determining whether the Trustee shall be protected in relying on any such
direction, consent or waiver, only Securities which the Trustee knows are so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of
the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Issuer or any other obligor upon the Securities or any Person directly or indirectly controlling or controlled by or under direct or
indirect common control with the Issuer or any other obligor on the Securities. In case of a dispute as to such right, the advice of counsel shall be full protection in respect of any decision made by the Trustee in accordance with such advice. 

  
 34 

 Section 7.05 Right of Revocation of Action Taken. At any time prior to (but not
after) the evidencing to the Trustee, as provided in Section 7.01, of the taking of any action by the Holders of the percentage in aggregate principal amount of the Securities of any or all series, as the case may be, specified in this
Indenture in connection with such action, any Holder of a Security the serial number of which is shown by the evidence to be included among the serial numbers of the Securities the Holders of which have consented to such action may, by filing
written notice at the Corporate Trust Office and upon proof of holding as provided in this Article, revoke such action so far as concerns such Security. Except as aforesaid, any such action taken by the Holder of any Security shall be conclusive and
binding upon such Holder and upon all future Holders and owners of such Security and of any Securities issued in exchange or substitution therefor or on registration of transfer thereof, irrespective of whether or not any notation in regard thereto
is made upon any such Security. Any action taken by the Holders of the percentage in aggregate principal amount of the Securities of any or all series, as the case may be, specified in this Indenture in connection with such action shall be
conclusively binding upon the Issuer, the Trustee and the Holders of all the Securities affected by such action. 
 ARTICLE 8 

SUPPLEMENTAL INDENTURES 

Section 8.01 Supplemental Indentures Without Consent of Securityholders. The Issuer, when authorized by a resolution of its
Board of Directors, and the Trustee may from time to time and at any time, without the consent of any of the Securityholders, enter into an indenture or indentures supplemental hereto in form satisfactory to the Trustee for one or more of the
following purposes: 
  

	 	(a)	 to convey, transfer, assign, mortgage or pledge to the Trustee as security for the Securities of one or more
series any property or assets; 

  

	 	(b)	 to evidence the succession of another Person to the Issuer, or successive successions, and the assumption by
such successor of the covenants, agreements and obligations of the Issuer pursuant to, or to otherwise comply with, Article 9; 

  
 35 

	 	(c)	 to comply with the requirements of the Commission in order to effect or maintain the qualification of this
Indenture under the Trust Indenture Act of 1939, as amended; 

  

	 	(d)	 to add to the covenants of the Issuer such further covenants, restrictions, conditions or provisions as its
Board of Directors and the Trustee shall consider to be for the protection of the Holders of Securities, and to make the occurrence, or the occurrence and continuance, of a default in any such additional covenants, restrictions, conditions or
provisions an Event of Default permitting the enforcement of all or any of the several remedies provided in this Indenture as herein set forth; provided, that in respect of any such additional covenant, restriction, condition or provision
such supplemental indenture may provide for a particular period of grace after default (which period may be shorter or longer than that allowed in the case of other defaults) or may provide for an immediate enforcement upon such an Event of Default
or may limit the remedies available to the Trustee upon such an Event of Default or may limit the right of the Holders of a majority in aggregate principal amount of the Securities of such series to waive such an Event of Default;

  

	 	(e)	 to cure any ambiguity, defect or inconsistency, or to conform this Indenture or any supplemental indenture to
the description of the Securities set forth in any prospectus, prospectus supplement or offering memorandum related to such series of Securities; 

  

	 	(f)	 to provide for or add guarantors for the Securities of one or more series; 

 

	 	(g)	 to establish the form or terms of Securities of any series as permitted by Sections 2.01 and 2.03;

  

	 	(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 6.11; 

  

	 	(i)	 to add to, change or eliminate any of the provisions of this Indenture in respect of one or more series of
Securities; provided that any such addition, change or elimination shall (A) not (i) apply to any Security of any series created prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor
(ii) modify the rights of the Holder of any such Security with respect to such provision or (B) shall become effective only when there is no Security described in clause (A)(i) Outstanding; 

 

	 	(j)	 to make any change to the Securities of any series so long as no Securities of such series are Outstanding; and

  

	 	(k)	 to make any other change that does not adversely affect the interests of the Holders of the Securities in any
material respect. 

 The Trustee shall join with the Issuer in the execution of any such supplemental indenture, to make
any further appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder, but the Trustee shall not be obligated to enter into any such
supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 Any
supplemental indenture authorized by the provisions of this Section may be executed without the consent of the Holders of any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 8.02. 

 

  
 36 

 Section 8.02 Supplemental Indentures With Consent of Securityholders. With the
consent (evidenced as provided in Article 7) of the Holders of not less than a majority in aggregate principal amount of the Securities at the time Outstanding of one or more series affected by such supplemental indenture (voting as separate
series), the Issuer, when authorized by a resolution of the Board of Directors, and the Trustee may, from time to time and at any time, enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the Securities of each such consenting series; provided, that no such
supplemental indenture shall, without the consent of the Holder of each Security so affected, (a) extend the final maturity of any Security, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of interest
thereon, or reduce any amount payable on redemption thereof, or make the principal thereof (including any amount in respect of original issue discount) or interest thereon payable in any currency other than that provided in the Securities or in
accordance with the terms thereof, or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable upon an acceleration of the maturity thereof pursuant to Section 5.01 or the amount thereof provable
in bankruptcy pursuant to Section 5.02, or (b) waive a continuing default in the payment of principal of any Security or interest thereon, other than any such default in payment that resulted solely from such acceleration, or change a
provision related to the waiver of past defaults or impair the right of any Securityholder to institute suit for the enforcement of any such payment on or after the Stated Maturity or the date of redemption or conversion of any Security or, if the
Securities provide therefor, any right of repayment at the option of the Securityholder, or (c) modify any of the provisions of this section except to increase any required percentage or to provide that certain other provisions cannot be
modified or waived without the consent of the Holder of each Security so affected, or (d) make any change that adversely affects the right to convert or exchange any Security into or for Common Stock or other securities, cash or other property
in accordance with the terms of such Security or (e) reduce the aforesaid percentage of Securities of any series, the consent of the Holders of which is required for any such supplemental indenture or the consent of Holders of which is required for
any modification, amendment or waiver of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences provided for in this Indenture. 

  
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 A supplemental indenture which changes or eliminates any covenant, Event of Default or other
provision of this Indenture (1) that has been expressly included solely for the benefit of one or more particular series of Securities, if any, or (2) which modifies the rights of Holders of Securities of one or more series with respect to
any covenant, Event of Default or provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series with respect to which such covenant, Event of Default or other provision has not been
included or so modified. 
 Upon the request of the Issuer, accompanied by a Board Resolution authorizing the execution of any such
supplemental indenture, and upon the filing with the Trustee of evidence of the consent of Securityholders as aforesaid and other documents, if any, required by Section 7.01, the Trustee shall join with the Issuer in the execution of such
supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such
supplemental indenture. 
 It shall not be necessary for the consent of the Securityholders under this Section to approve the particular
form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 
 Promptly
after the execution by the Issuer and the Trustee of any supplemental indenture pursuant to the provisions of this Section, the Trustee shall give a notice thereof to the Holders of then Outstanding Securities of each series affected thereby, by
delivering a notice thereof, and in each case such notice shall set forth in general terms the substance of such supplemental indenture. Any failure of the Trustee to deliver such notice, or any defect therein, shall not, however, in any way impair
or affect the validity of any such supplemental indenture. 
 Section 8.03 Effect of Supplemental Indenture. Upon the execution
of any supplemental indenture pursuant to the provisions hereof, this Indenture shall be and be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this
Indenture of the Trustee, the Issuer and the Holders of Securities of each series affected thereby shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and
conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 

Section 8.04 Documents to Be Given to Trustee. The Trustee, subject to the provisions of Sections 6.01 and 6.02, may receive an
Officer’s Certificate and an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article 8 complies with the applicable provisions of this Indenture. 

  
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 Section 8.05 Notation on Securities in Respect of Supplemental Indentures.
Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to the provisions of this Article may bear a notation in form approved by the Trustee for such series as to any matter provided for
by such supplemental indenture or as to any action taken by Securityholders. If the Issuer or the Trustee shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Board of Directors, to any
modification of this Indenture contained in any such supplemental indenture may be prepared by the Issuer, authenticated by the Trustee and delivered in exchange for the Securities of such series then Outstanding. 

ARTICLE 9 
 CONSOLIDATION, MERGER,
SALE OR CONVEYANCE 
 Section 9.01 Issuer May Consolidate, Etc., on Certain Terms. The Issuer shall not consolidate with or
merge into any other Person (in a transaction in which the Issuer is not the surviving corporation) or convey, transfer or lease its properties and assets substantially as an entirety to any Person, unless (a) the Person formed by such
consolidation or into which the Issuer is merged or the Person which acquires by conveyance or transfer, or which leases, the properties and assets of the Issuer substantially as an entirety (i) shall be a corporation, limited liability
company, partnership or trust, (ii) shall be organized and validly existing under the laws of the United States of America, any State thereof or the District of Columbia and (iii) shall expressly assume, by an indenture supplemental
hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the principal, interest on and any Additional Amounts with respect to all the Securities and the performance or observance of every
covenant of this Indenture on the part of the Issuer to be performed, by supplemental indenture satisfactory in form to the Trustee, executed and delivered to the Trustee, by the Person formed by such consolidation or into which the Issuer shall
have been merged or by the Person which shall have acquired the Issuer’s assets; (b) immediately after giving effect to such transaction, no Event of Default, and no event which, after notice or lapse of time or both, would become an Event
of Default, shall have happened and be continuing; and (c) the Issuer has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and, if a
supplemental indenture is required in connection with such transaction, such supplemental indenture comply with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with. 

The restrictions in this Section 9.01 shall not apply to (i) the merger or consolidation of the Issuer with one of its affiliates,
if the Board of Directors determines in good faith that the purpose of such transaction is principally to change the Issuer’s State of incorporation or convert the Issuer’s form of organization to another form, or (ii) the merger of
the Issuer with or into a single direct or indirect wholly owned Subsidiary. 
 Section 9.02 Successor Issuer Substituted. Upon
any consolidation of the Issuer with, or merger of the Issuer into, any other Person or any conveyance, transfer or lease of the properties and assets of the Issuer substantially as an entirety in accordance with Section 9.01, the successor
Person formed by such consolidation or into which the Issuer is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Issuer under this Indenture with
the same effect as if such successor Person had been named as the Issuer herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities. 

  
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 In case of any such consolidation, merger, sale, lease or conveyance, such changes in
phraseology and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate. 
 ARTICLE 10 

SATISFACTION AND DISCHARGE OF INDENTURE; DEFEASANCE; UNCLAIMED MONEYS 

Section 10.01 Satisfaction and Discharge of Indenture; Defeasance. (a) If at any time 

 

	 	(i)	 the Issuer shall have paid or caused to be paid the principal of and interest on and any Additional Amounts
with respect to all the Securities of any series Outstanding hereunder (other than Securities of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 2.09) as and when the same shall
have become due and payable, or 

  

	 	(ii)	 the Issuer shall have delivered to the Trustee for cancellation all Securities of any series theretofore
authenticated (other than any Securities of such series which shall have been destroyed, lost or stolen and which shall have been replaced or paid as provided in Section 2.09); or 

 

	 	(iii)	 in the case of any series of Securities the exact amount (including the currency of payment) of principal of
and interest and Additional Amounts due on which on the dates referred to in clause (B) below can be determined at the time of making the deposit referred to in such clause, 

 

	 	(A)	 all the Securities of such series not theretofore delivered to the Trustee for cancellation shall have become
due and payable, or are by their terms to become due and payable within one year or are to be called for redemption within one year in accordance with their terms under arrangements satisfactory to the Trustee for the giving of notice of redemption,
and 

  

	 	(B)	 the Issuer shall have irrevocably deposited or caused to be deposited with the Trustee as trust funds the
entire amount (i) in the case of any series of Securities the payments on which may only be made in Dollars, in Dollars (other than moneys repaid by the Trustee or any paying agent to the Issuer in accordance with Section 10.04) and/or
U.S. 

  
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Government Obligations maturing as to principal and interest in such amounts and at such times as will insure the availability of cash in such currency, or (ii) in the case of any series of
Securities the payments on which may only be made in a Foreign Currency, in such Foreign Currency (other than moneys repaid by the Trustee or any paying agent to the Issuer in accordance with Section 10.04) and/or Foreign Government Obligations
maturing as to principal and interest in such amounts and at such times as will insure the availability of cash in such currency, in each case sufficient to pay on any subsequent Interest Payment Date all interest due on such Interest Payment Date
on the Securities of such series and to pay at maturity or upon redemption all Securities of such series (in each case other than any Securities of such series which shall have been destroyed, lost or stolen and which shall have been replaced or
paid as provided in Section 2.09) not theretofore delivered to the Trustee for cancellation, including principal, interest and Additional Amounts due or to become due to such date of maturity, as the case may be, 

and if, in a case described in Section 10.01(a)(iii)(B), the Issuer shall also pay or cause to be paid all other sums payable hereunder by the Issuer,
including amounts due the Trustee pursuant to Section 6.06, with respect to Securities of such series, then this Indenture shall cease to be of further effect with respect to Securities of such series (except as to (1) rights of
registration of transfer, conversion and exchange of Securities of such series and the Issuer’s right of optional redemption, (2) substitution of mutilated, defaced, destroyed, lost or stolen Securities, (3) rights of Holders of
Securities to receive, solely from the trust fund described in Section 10.01(a)(iii)(B), payments of principal thereof and interest thereon, upon the original stated due dates therefor (but not upon acceleration) and remaining rights of the
Holders to receive, solely from the trust fund described in Section 10.01(a)(iii)(B), sinking fund payments, if any, (4) the rights (including the Trustee’s rights under Section 10.05) and immunities of the Trustee hereunder and
the Trustee’s obligations under Sections 10.02 and 10.04 and (5) the obligations of the Issuer under Section 3.02), and the Trustee, on demand of the Issuer accompanied by an Officer’s Certificate and an Opinion of Counsel which
complies with Section 11.05 and at the cost and expense of the Issuer, shall execute proper instruments acknowledging such satisfaction of and discharging this Indenture with respect to such series. The Issuer agrees to reimburse the Trustee
for any costs or expenses thereafter reasonably and properly incurred and to compensate the Trustee for any services thereafter reasonably and properly rendered by the Trustee in connection with this Indenture or the Securities of such series. 

 

	 	(b)	 The following subsection shall apply to the Securities of each series unless specifically otherwise provided in
a Board Resolution, Officer’s Certificate or indenture supplemental hereto pursuant to Section 2.03. In addition to the right to discharge of the Indenture pursuant to subsection (a) above, the Issuer, at its option and at any time,
by written notice by an officer delivered to the Trustee, may elect to have all of its obligations 

  
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with respect to all Outstanding Securities of a series discharged (“Legal Defeasance”), such discharge to be effective on the date that the conditions set forth in clauses
(i) through (iv) and (vi) of Section 10.01(d) are satisfied, and thereafter the Issuer shall be deemed to have paid and discharged the entire Debt on all the Securities of such series, and satisfied all its other obligations under
such Securities and this Indenture insofar as such Securities are concerned and this Indenture shall cease to be of further effect with respect to Securities of such series (except as to (1) rights of registration of transfer, conversion and
exchange of Securities of such series, (2) substitution of apparently mutilated, defaced, destroyed, lost or stolen Securities, (3) rights of Holders of Securities to receive, solely from the trust fund described in
Section 10.01(d)(i), payments of principal thereof, interest thereon and any Additional Amounts, upon the original Stated Maturities therefor (but not upon acceleration) and remaining rights of the Holders to receive, solely from the trust fund
described in Section 10.01(d)(i), sinking fund payments, if any, (4) the rights (including the Trustee’s rights under Section 10.05) and immunities of the Trustee hereunder and the Trustee’s obligations with respect to the
Securities of such series under Sections 10.02 and 10.04 and (5) the obligations of the Issuer under Section 3.02). 

  

	 	(c)	 The following subsection shall apply to the Securities of each series unless specifically otherwise provided in
a Board Resolution, Officer’s Certificate or indenture supplemental hereto provided pursuant to Section 2.03. In addition to the right to discharge of the Indenture pursuant to subsection (a) and to Legal Defeasance pursuant to
subsection (b), above, the Issuer, at its option and at any time, by written notice executed by an officer delivered to the Trustee, may elect to have its obligations under any covenant contained in this Indenture or in the Board Resolution or
supplemental indenture relating to such series pursuant to Section 2.03 discharged with respect to all Outstanding Securities of a series, this Indenture and any indentures supplemental to this Indenture with respect to such series
(“Covenant Defeasance”), such discharge to be effective on the date the conditions set forth in clauses (i) through (iii) and (v) through (vi) of Section 10.01(d) are satisfied, and such Securities shall thereafter be
deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration of Securityholders (and any consequences thereof) in connection with such covenants, but shall continue to be “Outstanding” for all
other purposes under this Indenture. For this purpose, such Covenant Defeasance means that, with respect to the Outstanding Securities of a series, the Issuer may omit to comply with and shall have no liability in respect of any term, condition or
limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of reference in any such covenant to any other provision herein or in any other document and
such omission to comply shall not constitute an Event of Default under Section 5.01(c) or otherwise, but except as specified in this Section 10.01(c), the remainder of the Issuer’s obligations under the Securities of such series, this
Indenture, and any indentures supplemental to this Indenture with respect to such series shall be unaffected thereby. 

  
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	 	(d)	 The following shall be the conditions to the application of Legal Defeasance (to the extent set forth in
subsection (b)), or Covenant Defeasance (to the extent set forth in subsection (c)) to the Securities of the applicable series: 

  

	 	(i)	 the Issuer irrevocably deposits or causes to be deposited in trust with the Trustee or, at the option of the
Trustee, with a trustee satisfactory to the Trustee and the Company under the terms of an irrevocable trust agreement in form and substance satisfactory to the Trustee, (i) in the case of any series of Securities the payments on which may only
be made in Dollars, Dollars (other than moneys repaid by the Trustee or any paying agent to the Issuer in accordance with Section 10.04) and/or U.S. Government Obligations maturing as to principal and interest in such amounts and at such times
as will insure the availability of cash in such currency, or (ii) in the case of any series of Securities the payments on which may only be made in a Foreign Currency, such Foreign Currency (other than moneys repaid by the Trustee or any paying
agent to the Issuer in accordance with Section 10.04) and/or Foreign Government Obligations maturing as to principal and interest in such amounts and at such times as will insure the availability of cash in such currency, in each case
sufficient to pay on any subsequent Interest Payment Date all interest due on such Interest Payment Date on the Securities of such series and to pay at maturity or upon redemption all Securities of such series (in each case other than any Securities
of such series which shall have been destroyed, lost or stolen and which shall have been replaced or paid as provided in Section 2.09) not theretofore delivered to the Trustee for cancellation, including principal, interest and Additional
Amounts due or to become due to such date of maturity, as the case may be; 

  

	 	(ii)	 the Issuer delivers to the Trustee an Officer’s Certificate stating that all conditions precedent
specified herein relating to Legal Defeasance or Covenant Defeasance, as the case may be, have been complied with, and an Opinion of Counsel to the same effect; 

 

	 	(iii)	 no Event of Default under subsection (a), (b), (d) or (e) of Section 5.01 shall have occurred and be
continuing, and no event which with notice or lapse of time or both would become such an Event of Default shall have occurred and be continuing, on the date of such deposit; 

  
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	 	(iv)	 in the event of an election for Legal Defeasance under subsection (b), the Issuer shall have delivered to the
Trustee an Opinion of Counsel stating that (A) the Issuer has received from, or there has been published by, the Internal Revenue Service a ruling or (B) since the date of this instrument, there has been a change in the applicable Federal
income tax law, in either case (A) or (B) to the effect that, and based thereon such opinion shall confirm that, the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit,
defeasance and discharge to be effected with respect to such Securities and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would be the case if such deposit, defeasance and discharge were not
to occur; 

  

	 	(v)	 in the event of an election for Covenant Defeasance under subsection (c), the Issuer shall have delivered to
the Trustee an Opinion of Counsel to the effect that the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit and Covenant Defeasance to be effected with respect to such Securities and
will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit and Covenant Defeasance were not to occur; and 

 

	 	(vi)	 notwithstanding any other provisions of this subsection (d), such defeasance shall be effected in compliance
with any additional or substitute terms, conditions or limitations that may be imposed on the Issuer pursuant to Section 2.03. 

After such irrevocable deposit made pursuant to this Section 10.01(d) and satisfaction of the other applicable conditions set forth in this subsection
(d), the Trustee upon request shall execute proper instruments acknowledging the discharge of the Issuer’s obligations pursuant to this Section 10.01. 

Section 10.02 Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.04, all
moneys deposited with the Trustee (or other trustee) pursuant to Section 10.01 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the
Holders of the particular Securities of such series for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated
from other funds except to the extent required by law. 
 Section 10.03 Repayment of Moneys Held by Paying Agent. In connection
with the satisfaction and discharge of this Indenture with respect to Securities of any series, all moneys then held by any paying agent under the provisions of this Indenture with respect to such series of Securities shall, upon demand of the
Issuer, be repaid to it or paid to the Trustee and thereupon such paying agent shall be released from all further liability with respect to such moneys. 

  
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 Section 10.04 Return of Moneys Held by Trustee and Paying Agent Unclaimed for
Two Years. Any moneys deposited with or paid to the Trustee or any paying agent for the payment of the principal of, interest on or additional amounts in respect of any Security of any series and not applied but remaining unclaimed for two years
after the date upon which such principal, interest or additional amount shall have become due and payable, shall be repaid to the Issuer by the Trustee for such series or such paying agent, and the Holder of the Securities of such series shall
thereafter look only to the Issuer for any payment which such Holder may be entitled to collect, and all liability of the Trustee or any paying agent with respect to such moneys shall thereupon cease. 

Section 10.05 Indemnity for U.S. Government Obligations and Foreign Government Obligations. The Issuer shall pay and indemnify the
Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations or Foreign Government Obligations deposited pursuant to Section 10.01 or the principal or interest received in respect of such
obligations. 
 ARTICLE 11 

MISCELLANEOUS PROVISIONS 

Section 11.01 No Recourse. No recourse under or upon any obligation, covenant or agreement of this Indenture, or of any Security,
or for any claim based thereon or otherwise in respect thereof, shall be had against any incorporator, stockholder, officer or director, past, present or future as such, of the Issuer or of any predecessor or successor corporation, either directly
or through the Issuer or any such predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that this Indenture
and the obligations issued hereunder are solely corporate obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, stockholders, officers or directors as such, of the Issuer or of
any predecessor or successor corporation, or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Securities or
implied therefrom; and that any and all such personal liability of every name and nature, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator, stockholder,
officer or director as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Securities or implied therefrom, are hereby
expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issuance of such Securities. 

Section 11.02 Provisions of Indenture for the Sole Benefit of Parties and Holders of Securities. Nothing in this Indenture
or in the Securities, expressed or implied, shall give or be construed to give to any person, firm or corporation, other than the parties hereto and their successors and the Holders of the Securities any legal or equitable right, remedy or claim
under this Indenture or under any covenant or provision herein contained, all such covenants and provisions being for the sole benefit of the parties hereto and their successors and of the Holders of the Securities. 

  
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 Section 11.03 Successors and Assigns of Issuer Bound by Indenture. All the
covenants, stipulations, promises and agreements contained in this Indenture by or on behalf of the Issuer shall bind its successors and assigns, whether so expressed or not. 

Section 11.04 Notices and Demands on Issuer, Trustee and Holders of Securities. Any notice or demand which by any provision
of this Indenture is required or permitted to be given or served by the Trustee or by the Holders of Securities to or on the Issuer may be delivered, given or served by being deposited postage prepaid, first-class mail (except as otherwise
specifically provided herein) addressed (until another address of the Issuer is filed by the Issuer with the Trustee) to Bottomline Technologies (de), Inc., 325 Corporate Drive Portsmouth, New Hampshire 03801-6808, Attn: Chief Financial Officer. Any
notice, direction, request or demand by the Issuer or any Holder of Securities to or upon the Trustee shall be deemed to have been sufficiently given or made, for all purposes, if given or made at _______, ________, Attn: _______. 

Where this Indenture provides for notice to Holders of Securities, such notice shall be sufficiently given (unless otherwise herein expressly
provided) if in writing and mailed, first-class postage prepaid, to each Holder entitled thereto, at his, her or its last address as it appears in the Security register. In case, by reason of the suspension of or irregularities in regular mail
service, it shall be impracticable to mail notice of any event to Holders of Securities when said notice is required to be given pursuant to any provision of this Indenture or of the Securities, then any manner of giving such notice as shall be
satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice. 
 In case, by reason of the suspension of or
irregularities in regular mail service, it shall be impracticable to mail notice to the Issuer when such notice is required to be given pursuant to any provision of this Indenture, then any manner of giving such notice as shall be satisfactory to
the Trustee shall be deemed to be a sufficient giving of such notice. 
 Where this Indenture provides for notice of any event to a Holder
of a Global Security, such notice shall be sufficiently given if given to the Depositary for such Security (or its designee), pursuant to the Applicable Procedures of the Depositary, not later than the latest date, if any, and not earlier than the
earliest date, if any, prescribed for the giving of such notice. 
 Neither the failure to give notice, nor any defect in any notice so
given, to any particular Holder of a Security shall affect the sufficiency of such notice with respect to other Holders of Securities given as provided above. 

Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice
either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver. 
 Section 11.05 Officer’s Certificates and Opinions of Counsel; Statements to
Be Contained Therein. Upon any application or demand by the Issuer to the Trustee to take any action under any of the provisions of this Indenture, the Issuer shall furnish to the Trustee an Officer’s Certificate stating that all conditions
precedent 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 have been complied with, except that in the case of
any such application or demand as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application or demand, no additional certificate or opinion need be furnished. 

Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or
covenant provided for in this Indenture shall include (a) a statement that the person making such certificate or opinion has read such covenant or condition, (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 such person, he or she has made such examination or investigation as is necessary to enable him or
her to express an informed opinion as to whether or not such covenant or condition has been complied with and (d) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with. 

Any certificate, statement or opinion of an officer of the Issuer may be based, insofar as it relates to legal matters, upon a certificate or
opinion of or representations by counsel, unless such officer knows that the certificate or opinion or representations with respect to the matters upon which his or her certificate, statement or opinion may be based as aforesaid are erroneous, or in
the exercise of reasonable care should know that the same are erroneous. Any certificate, statement or opinion of counsel may be based, insofar as it relates to factual matters, information with respect to which is in the possession of the Issuer,
upon the certificate, statement or opinion of or representations by an officer or officers of the Issuer, unless such counsel knows that the certificate, statement or opinion or representations with respect to the matters upon which his or her
certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are erroneous. 

  
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 Any certificate, statement or opinion of an officer of the Issuer or of counsel may be
based, insofar as it relates to accounting matters, upon a certificate or opinion of or representations by an accountant or firm of accountants in the employ of the Issuer, unless such officer or counsel, as the case may be, knows that the
certificate or opinion or representations with respect to the accounting matters upon which his or her certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are
erroneous. 
 Any certificate or opinion of any independent firm of public accountants filed with and directed to the Trustee shall contain
a statement that such firm is independent. 
 Section 11.06 Payments Due on Saturdays, Sundays and Holidays. If the date of
maturity of interest on or principal of the Securities of any series or the date fixed for redemption or repayment of any such Security, or the last day on which a Holder has the right to convert any Security, shall not be a Business Day, then
payment of interest or principal, or any conversion, need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for redemption or on such
last day for conversion, and no interest shall accrue for the period after such date. 

  
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 Section 11.07 Conflict of Any Provision of Indenture With Trust Indenture Act
of 1939. If and to the extent that any provision of this Indenture limits, qualifies or conflicts with another provision included in this Indenture by operation of Sections 310 to 317, inclusive, of the Trust Indenture Act of 1939, such
incorporated provision shall control. 
 Section 11.08 New York Law to Govern. This Indenture and each Security shall be deemed
to be a contract under the laws of the State of New York, and for all purposes shall be governed by and construed in accordance with the laws of such State without regard to any principle of conflict of laws that would require or permit the
application of the laws of any other jurisdiction, except as may otherwise be required by mandatory provisions of law. 
 Section 11.09
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 and the same instrument. 

Section 11.10 Effect of Headings. The Article and Section headings herein and the Table of Contents are for convenience only and
shall not affect the construction hereof. 
 Section 11.11 Actions by Successor. Any act or proceeding by any provision of this
Indenture authorized or required to be done or performed by any board of directors or its equivalent, committee or officer of the Issuer shall and may be done and performed with like force and effect by the corresponding board, committee or officer
of any corporation that shall at the time be the lawful successor of the Issuer. 
 Section 11.12 Severability. In case any one
or more of the provisions contained in this Indenture or in the Securities of any series shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other
provisions of this Indenture or of such Securities, but this Indenture and such Securities shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 

ARTICLE 12 
 REDEMPTION OF
SECURITIES AND SINKING FUNDS 
 Section 12.01 Applicability of Article. The provisions of this Article shall be applicable to
the Securities of any series which are redeemable before their maturity or to any sinking fund for the retirement of Securities of a series, except as otherwise specified, as contemplated by Section 2.03 for Securities of such series. 

Section 12.02 Notice of Redemption; Partial Redemptions. Notice of redemption to the Holders of Securities of any series to be
redeemed as a whole or in part at the option of the Issuer shall be given by providing notice of such redemption at least 30 days and not more than 60 days prior to the date fixed for redemption to such Holders of Securities of such series at their
last addresses as they shall appear upon the Security register. Any notice which is given in the 

  
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manner herein provided shall be conclusively presumed to have been duly given, whether or not the Holder receives the notice. Failure to give notice or any defect in the notice to the Holder of
any Security of a series designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Security of such series. 

The notice of redemption to each such Holder shall specify the principal amount of each Security of such series held by such Holder to be
redeemed, the date fixed for redemption, the redemption price, the place or places of payment, that payment will be made upon presentation and surrender of such Securities, that such redemption is pursuant to the mandatory or optional sinking fund,
or both, if such be the case, that interest accrued to the date fixed for redemption will be paid as specified in such notice and that on and after said date interest thereon or on the portions thereof to be redeemed will cease to accrue and shall
also specify, if applicable, the conversion price then in effect and the date on which the right to convert such Securities or the portions thereof to be redeemed will expire. In case any Security of a series is to be redeemed in part only, the
notice of redemption shall state the portion of the principal amount thereof to be redeemed and shall state that on and after the date fixed for redemption, upon surrender of such Security, a new Security or Securities of such series in principal
amount equal to the unredeemed portion thereof will be issued. 
 The notice of redemption of Securities of any series to be redeemed at the
option of the Issuer shall be given by the Issuer or, at the Issuer’s request, by the Trustee in the name and at the expense of the Issuer. 

On or before the redemption date specified in the notice of redemption given as provided in this Section, the Issuer will deposit with the
Trustee or with one or more paying agents (or, if the Issuer is acting as its own paying agent, set aside, segregate and hold in trust as provided in Section 3.04) an amount of money sufficient to redeem on the redemption date all the
Securities of such series so called for redemption (other than those Securities theretofore surrendered for conversion into Common Stock in accordance with their terms) at the appropriate redemption price, together with accrued interest to the date
fixed for redemption. If any Security called for redemption is converted pursuant hereto and in accordance with the terms thereof, any money deposited with the Trustee or any paying agent or so segregated and held in trust for the redemption of such
Security shall be paid to the Issuer upon the Issuer’s request, or, if then held by the Issuer, shall be discharged from such trust. The Issuer will deliver to the Trustee at least 10 days prior to the date the notice required to be delivered
to the Holders is to be sent (unless a shorter time period shall be acceptable to the Trustee) an Officer’s Certificate (which need not comply with Section 11.05) stating the aggregate principal amount of Securities to be redeemed. In case
of a redemption at the election of the Issuer prior to the expiration of any restriction on such redemption, the Issuer shall deliver to the Trustee, prior to the giving of any notice of redemption to Holders pursuant to this Section, an
Officer’s Certificate stating that such restriction has been complied with. 

  
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 If less than all the Securities of a series are to be redeemed, the Trustee shall select, in
such manner as it shall deem appropriate and fair, Securities of such series to be redeemed in whole or in part. Securities may be redeemed in part in multiples equal to the minimum authorized denomination for Securities of such series or any
multiple thereof. The Trustee shall promptly notify the Issuer in writing of the Securities of such series selected for redemption and, in the case of any Securities of such series selected for partial redemption, the principal amount thereof to be
redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities of any series shall relate, in the case of any Security redeemed or to be redeemed only in part, to the
portion of the principal amount of such Security which has been or is to be redeemed. If any Security selected for partial redemption is surrendered for conversion after such selection, the converted portion of such Security shall be deemed (so far
as may be possible) to be the portion selected for redemption. 
 Section 12.03 Payment of Securities Called for Redemption. If
notice of redemption has been given as above provided, the Securities or portions of Securities specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price, together
with interest accrued to the date fixed for redemption, and on and after said date (unless the Issuer shall default in the payment of such Securities at the redemption price, together with interest accrued to said date) interest on the Securities or
portions of Securities so called for redemption shall cease to accrue, and such Securities shall cease from and after the date fixed for redemption to be convertible into Common Stock (to the extent otherwise convertible in accordance with their
terms), if applicable, and cease to be entitled to any benefit or security under this Indenture, and except as provided in the paragraph below, the Holders thereof shall have no right in respect of such Securities except the right to receive the
redemption price thereof and unpaid interest to the date fixed for redemption. On presentation and surrender of such Securities at a place of payment specified in said notice, said Securities or the specified portions thereof shall be paid and
redeemed by the Issuer at the applicable redemption price, together with interest accrued thereon to the date fixed for redemption; provided, that payment of interest becoming due on or prior to the date fixed for redemption shall be payable
to the Holders of such Securities registered as such on the relevant record date subject to the terms and provisions of Sections 2.03 and 2.07 hereof. 

If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal shall, until paid or duly
provided for, bear interest from the date fixed for redemption at the rate of interest or Yield to Maturity (in the case of an Original Issue Discount Security) borne by such Security and, if applicable, such Security shall remain convertible into
Common Stock until the principal of such Security shall have been paid or duly provided for. 
 Upon presentation of any Security redeemed
in part only, the Issuer shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Issuer, a new Security or Securities of such series, of authorized denominations, in principal
amount equal to the unredeemed portion of the Security so presented. 
 Section 12.04 Exclusion of Certain Securities from
Eligibility for Selection for Redemption. Securities shall be excluded from eligibility for selection for redemption if they are identified by registration and certificate number in an Officer’s Certificate delivered to the Trustee
at least 40 days prior to the last date on which notice of redemption may be given as being owned of record and beneficially by, and not pledged or hypothecated by either (a) the Issuer or (b) an entity specifically identified in such
written statement as directly or indirectly controlling or controlled by or under direct or indirect common control with the Issuer. 

  
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 Section 12.05 Mandatory and Optional Sinking Funds. The minimum amount of any
sinking fund payment provided for by the terms of the Securities of any series is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of the Securities
of any series is herein referred to as an “optional sinking fund payment”. The date on which a sinking fund payment is to be made is herein referred to as the “sinking fund payment date”. 

In lieu of making all or any part of any mandatory sinking fund payment with respect to any series of Securities in cash, the Issuer may at
its option (a) deliver to the Trustee Securities of such series theretofore purchased or otherwise acquired (except upon redemption pursuant to the mandatory sinking fund) by the Issuer or receive credit for Securities of such series (not
previously so credited) theretofore purchased or otherwise acquired (except as aforesaid) by the Issuer and delivered to the Trustee for cancellation pursuant to Section 2.10 and, if applicable, receive credit for Securities (not previously so
credited) converted into Common Stock and so delivered to the Trustee for cancellation, (b) receive credit for optional sinking fund payments (not previously so credited) made pursuant to this Section, or (c) receive credit for Securities
of such series (not previously so credited) redeemed by the Issuer through any optional redemption provision contained in the terms of such series. Securities so delivered or credited shall be received or credited by the Trustee at the sinking fund
redemption price specified in such Securities. 
 On or before the 60th day next preceding each sinking fund payment date for any series,
the Issuer will deliver to the Trustee an Officer’s Certificate (which need not contain the statements required by Section 11.05) (a) specifying the portion of the mandatory sinking fund payment to be satisfied by payment of cash and the
portion to be satisfied by credit of Securities of such series and the basis for such credit, (b) stating that none of the Securities of such series for which credit will be taken has theretofore been so credited, (c) stating that no
defaults in the payment of interest or Events of Default with respect to such series have occurred (which have not been waived or cured) and are continuing and (d) stating whether or not the Issuer intends to exercise its right to make an
optional sinking fund payment with respect to such series and, if so, specifying the amount of such optional sinking fund payment which the Issuer intends to pay on or before the next succeeding sinking fund payment date. Any Securities of such
series to be credited and required to be delivered to the Trustee in order for the Issuer to be entitled to credit therefor as aforesaid which have not theretofore been delivered to the Trustee shall be delivered for cancellation pursuant to
Section 2.10 to the Trustee with such Officer’s Certificate (or reasonably promptly thereafter if acceptable to the Trustee). Such Officer’s Certificate shall be irrevocable and upon its receipt by the Trustee the Issuer shall become
unconditionally obligated to make all the cash payments or payments therein referred to, if any, on or before the next succeeding sinking fund payment date. Failure of the Issuer, on or before any such 60th day, to deliver such Officer’s
Certificate and Securities specified in this paragraph, if any, shall not constitute a default but shall constitute, on and as of such date, the irrevocable election of the Issuer that the mandatory sinking fund payment for such series due on the
next succeeding sinking fund payment date shall be paid entirely in cash without the option to deliver or credit Securities of such series in respect thereof. 

If the sinking fund payment or payments (mandatory or optional or both) to be made in cash on the next succeeding sinking fund payment date
plus any unused balance of any preceding sinking fund payments made in cash shall exceed $50,000 (or the equivalent thereof in any Foreign Currency or a lesser sum in Dollars or in any Foreign Currency if the Issuer shall so request) with respect to
the Securities of any particular series, such cash shall be applied on the next succeeding sinking fund payment date to the redemption of Securities of such series at the sinking fund redemption price together with accrued interest to the date fixed
for redemption. If such amount shall be $50,000 (or the equivalent thereof in any Foreign Currency) or less and the Issuer makes no such request then it shall be carried over until a sum in excess of $50,000 (or the equivalent thereof in any Foreign
Currency) is available, which delay in accordance with this paragraph shall not be a default or breach of the obligation to make such payment. The Trustee shall select, in the manner provided in Section 12.02, for redemption on such sinking
fund payment date a sufficient principal amount of Securities of such series to which such cash may be applied, as nearly as may be, and shall (if requested in writing by the Issuer) inform the Issuer of the serial numbers of the Securities of such
series (or portions thereof) so selected. The Trustee, in the name and at the expense of the Issuer (or the Issuer, if it shall so request the Trustee in writing), shall cause notice of redemption of the Securities of such series to be given in
substantially the manner provided in Section 12.02 (and with the effect provided in Section 12.03) for the redemption of Securities of such series in part at the option of the Issuer. The amount of any sinking fund payments not so applied
or allocated to the redemption of Securities of such series shall be added to the next cash sinking fund payment for such series and, together with such payment, shall be applied in accordance with the provisions of this Section. Any and all sinking
fund moneys held on the stated maturity date of the Securities of any particular series (or earlier, if such maturity is accelerated), which are not held for the payment or redemption of particular Securities of such series, shall be applied,
together with other moneys, if necessary, sufficient for the purpose, to the payment of the principal of, and interest on, the Securities of such series at maturity. The Issuer’s obligation to make a mandatory or optional sinking fund payment
shall automatically be reduced by an amount equal to the sinking fund redemption price allocable to any Securities or portions thereof called for redemption pursuant to the preceding paragraph on any sinking fund payment date and converted into
Common Stock in accordance with the terms of such Securities; provided that, if the Trustee is not the conversion agent for the Securities, the Issuer or such conversion agent shall give the Trustee written notice on or prior to the
date fixed for redemption of the principal amount of Securities or portions thereof so converted. 

  
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 On or before each sinking fund payment date, the Issuer shall pay to the Trustee in cash or
shall otherwise provide for the payment of all interest accrued to the date fixed for redemption on Securities to be redeemed on such sinking fund payment date. 

The Trustee shall not redeem or cause to be redeemed any Securities of a series with sinking fund moneys or give any notice of redemption of
Securities for such series by operation of the sinking fund during the continuance of a default in payment of interest on such Securities or of any Event of Default except that, where providing notice of redemption of any Securities shall
theretofore have been made, the Trustee shall redeem or cause to be redeemed such Securities, provided that it shall have received from the Issuer a sum sufficient for such redemption. Except as aforesaid, any moneys in the sinking fund for such
series at the time when any such default or Event of Default shall occur, and any moneys thereafter paid into the sinking fund, shall, during the continuance of such default or Event of Default, be deemed to have been collected under Article 5 and
held for the payment of all such Securities. In case such 

  
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Event of Default shall have been waived as provided in Section 5.10, or the default cured on or before the 60th day preceding the sinking fund payment date in any year, such moneys shall
thereafter be applied on such sinking fund payment date in accordance with this Section to the redemption of such Securities. 

[Signature pages follow] 

  
 53 

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

  

			
	BOTTOMLINE TECHNOLOGIES (DE), INC.
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	Attest:
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	____________, Trustee
		
	By:	 	 
		 	Name:
		 	Title:

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