Document:

EX-4.2

 Exhibit 4.2 
 Briggs & Stratton Corporation 
 and 

                    , as Trustee

 INDENTURE 
 Dated as of                      

Subordinated Debt Securities 

 CROSS-REFERENCE TABLE 

 

			
	 TIA Section
	  	Indenture
Section
	 310 (a)(1)
	  	7.10
	   (a)(2)
	  	7.10
	   (a)(3)
	  	N.A.
	   (a)(4)
	  	N.A.
	   (a)(5)
	  	7.10
	   (b)
	  	7.08; 7.10
	   (b)(1)
	  	7.10
	   (c)
	  	N.A.
	 311 (a)
	  	7.11
	   (b)
	  	7.11
	   (c)
	  	N.A.
	 312 (a)
	  	2.06
	   (b)
	  	11.03
	   (c)
	  	11.03
	 313 (a)
	  	7.06
	   (b)
	  	7.06
	   (b)(1)
	  	N.A.
	   (b)(2)
	  	7.06
	   (c)
	  	7.06
	   (d)
	  	7.06
	 314 (a)
	  	4.08; 4.09
	   (b)
	  	N.A.
	   (c)(1)
	  	11.04
	   (c)(2)
	  	11.04
	   (c)(3)
	  	N.A.
	   (d)
	  	N.A.
	   (e)
	  	11.05
	   (f)
	  	N.A.
	 315 (a)
	  	7.01(b)
	   (b)
	  	7.05
	   (c)
	  	7.01(a)
	   (d)
	  	7.01(c)
	   (e)
	  	6.12
	 316 (a) (last sentence)
	  	2.10
	   (a)(1)(A)
	  	6.05
	   (a)(1)(B)
	  	6.04
	   (a)(2)
	  	N.A.
	   (b)
	  	6.08
	   (c)
	  	8.04
	 317 (a)(1)
	  	6.09
	   (a)(2)
	  	6.10
	   (b)
	  	2.05; 7.12
	 318 (a)
	  	11.01

 N.A. means Not Applicable. 
 Note: This Cross-Reference Table shall not, for any purposes, be deemed to be part of this Indenture. 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		 	ARTICLE I	  			
			
		 	DEFINITIONS AND INCORPORATION BY REFERENCE	  			
			
	 SECTION 1.01.
	 	Definitions	  	 	1	  
			
	 SECTION 1.02.
	 	Other Definitions	  	 	5	  
			
	 SECTION 1.03.
	 	Incorporation by Reference of Trust Indenture Act	  	 	5	  
			
	 SECTION 1.04.
	 	Rules of Construction	  	 	5	  
			
		 	ARTICLE II	  			
			
		 	THE SECURITIES	  			
			
	 SECTION 2.01.
	 	Series of Securities; Amount Unlimited	  	 	6	  
			
	 SECTION 2.02.
	 	Form	  	 	7	  
			
	 SECTION 2.03.
	 	Execution and Authentication	  	 	8	  
			
	 SECTION 2.04.
	 	Registrar and Paying Agent	  	 	9	  
			
	 SECTION 2.05.
	 	Paying Agent To Hold Money in Trust	  	 	9	  
			
	 SECTION 2.06.
	 	Holder Lists	  	 	10	  
			
	 SECTION 2.07.
	 	Transfer and Exchange	  	 	10	  
			
	 SECTION 2.08.
	 	Replacement Securities	  	 	11	  
			
	 SECTION 2.09.
	 	Outstanding Securities	  	 	11	  
			
	 SECTION 2.10.
	 	Treasury Securities	  	 	11	  
			
	 SECTION 2.11.
	 	Temporary Securities	  	 	11	  
			
	 SECTION 2.12.
	 	Cancellation	  	 	12	  
			
	 SECTION 2.13.
	 	Defaulted Interest	  	 	12	  
			
	 SECTION 2.14.
	 	CUSIP Number	  	 	12	  
			
	 SECTION 2.15.
	 	Deposit of Moneys	  	 	12	  
			
	 SECTION 2.16.
	 	Book-Entry Provisions for Global Securities	  	 	12	  
			
	 SECTION 2.17.
	 	Legend for Global Security	  	 	14	  
			
	 SECTION 2.18.
	 	Computation of Interest	  	 	14	  
			
	 SECTION 2.19.
	 	Calculation of Original Issue Discount	  	 	14	  
			
	 SECTION 2.20.
	 	Record Dates	  	 	14	  

  
 i 

							
		 	ARTICLE III	  			
			
		 	REDEMPTION	  			
			
	 SECTION 3.01.
	 	Applicability of Article	  	 	15	  
			
	 SECTION 3.02.
	 	Election To Redeem; Notices to Trustee	  	 	15	  
			
	 SECTION 3.03.
	 	Selection by Trustee of Securities To Be Redeemed	  	 	15	  
			
	 SECTION 3.04.
	 	Notice of Redemption	  	 	16	  
			
	 SECTION 3.05.
	 	Effect of Notice of Redemption	  	 	16	  
			
	 SECTION 3.06.
	 	Deposit of Redemption Price	  	 	17	  
			
	 SECTION 3.07.
	 	Securities Redeemed in Part	  	 	17	  
			
	 SECTION 3.08.
	 	Mandatory Redemption	  	 	17	  
			
		 	ARTICLE IV	  			
			
		 	COVENANTS	  			
			
	 SECTION 4.01.
	 	Payment of Principal, Premium and Interest	  	 	17	  
			
	 SECTION 4.02.
	 	Maintenance of Office or Agency	  	 	17	  
			
	 SECTION 4.03.
	 	Corporate Existence	  	 	18	  
			
	 SECTION 4.04.
	 	Money for Securities Payments To Be Held in Trust	  	 	18	  
			
	 SECTION 4.05.
	 	Maintenance of Properties	  	 	18	  
			
	 SECTION 4.06.
	 	Insurance	  	 	19	  
			
	 SECTION 4.07.
	 	Payment of Taxes and Other Claims	  	 	19	  
			
	 SECTION 4.08.
	 	Provision of Financial Information	  	 	19	  
			
	 SECTION 4.09.
	 	Statement by Officer as to Default	  	 	19	  
			
		 	ARTICLE V	  			
			
		 	SUCCESSOR CORPORATION	  			
			
	 SECTION 5.01.
	 	Consolidation, Merger and Sale of Assets	  	 	19	  
			
		 	ARTICLE VI	  			
			
		 	DEFAULTS AND REMEDIES	  			
			
	 SECTION 6.01.
	 	Events of Default	  	 	20	  
			
	 SECTION 6.02.
	 	Acceleration of Maturity; Rescission	  	 	21	  

  
 ii 

							
	 SECTION 6.03.
	 	Other Remedies	  	 	21	  
			
	 SECTION 6.04.
	 	Waiver of Past Defaults and Events of Default	  	 	22	  
			
	 SECTION 6.05.
	 	Control by Majority	  	 	22	  
			
	 SECTION 6.06.
	 	Limitation on Suits	  	 	22	  
			
	 SECTION 6.07.
	 	No Personal Liability of Directors, Officers, Employees and Stockholders	  	 	23	  
			
	 SECTION 6.08.
	 	Rights of Holders To Receive Payment	  	 	23	  
			
	 SECTION 6.09.
	 	Collection Suit by Trustee	  	 	23	  
			
	 SECTION 6.10.
	 	Trustee May File Proofs of Claim	  	 	23	  
			
	 SECTION 6.11.
	 	Priorities	  	 	24	  
			
	 SECTION 6.12.
	 	Undertaking for Costs	  	 	24	  
			
		 	ARTICLE VII	  			
			
		 	TRUSTEE	  			
			
	 SECTION 7.01.
	 	Duties of Trustee	  	 	24	  
			
	 SECTION 7.02.
	 	Rights of Trustee	  	 	25	  
			
	 SECTION 7.03.
	 	Individual Rights of Trustee	  	 	26	  
			
	 SECTION 7.04.
	 	Trustee’s Disclaimer	  	 	26	  
			
	 SECTION 7.05.
	 	Notice of Defaults	  	 	26	  
			
	 SECTION 7.06.
	 	Reports by Trustee to Holders	  	 	26	  
			
	 SECTION 7.07.
	 	Compensation and Indemnity	  	 	27	  
			
	 SECTION 7.08.
	 	Replacement of Trustee	  	 	28	  
			
	 SECTION 7.09.
	 	Successor Trustee by Consolidation, Merger, etc.	  	 	29	  
			
	 SECTION 7.10.
	 	Eligibility; Disqualification	  	 	29	  
			
	 SECTION 7.11.
	 	Preferential Collection of Claims Against Company	  	 	29	  
			
	 SECTION 7.12.
	 	Paying Agents	  	 	29	  
			
		 	ARTICLE VIII	  			
			
		 	MODIFICATION AND WAIVER	  			
			
	 SECTION 8.01.
	 	Without Consent of Holders	  	 	29	  
			
	 SECTION 8.02.
	 	With Consent of Holders	  	 	30	  
			
	 SECTION 8.03.
	 	Compliance with Trust Indenture Act	  	 	31	  

  
 iii

							
	 SECTION 8.04.
	 	Revocation and Effect of Consents	  	 	31	  
			
	 SECTION 8.05.
	 	Notation on or Exchange of Securities	  	 	31	  
			
	 SECTION 8.06.
	 	Trustee To Sign Amendments, etc.	  	 	32	  
			
		 	ARTICLE IX	  			
			
		 	DISCHARGE OF INDENTURE; DEFEASANCE	  			
			
	 SECTION 9.01.
	 	Discharge of Liability on Securities; Defeasance	  	 	32	  
			
	 SECTION 9.02.
	 	Conditions to Defeasance	  	 	33	  
			
	 SECTION 9.03.
	 	Deposited Money and Government Obligations To Be Held in Trust; Other Miscellaneous Provisions	  	 	34	  
			
	 SECTION 9.04.
	 	Reinstatement	  	 	34	  
			
	 SECTION 9.05.
	 	Moneys Held by Paying Agent	  	 	34	  
			
	 SECTION 9.06.
	 	Moneys Held by Trustee	  	 	34	  
			
		 	ARTICLE X	  			
			
		 	SUBORDINATION	  			
			
	 SECTION 10.01
	 	Agreement to Subordinate	  	 	35	  
			
	 SECTION 10.02
	 	Liquidation; Dissolution; Bankruptcy	  	 	35	  
			
	 SECTION 10.03
	 	Default on Senior Debt	  	 	35	  
			
	 SECTION 10.04
	 	Acceleration of Securities	  	 	35	  
			
	 SECTION 10.05
	 	When Distribution Must Be Paid Over	  	 	36	  
			
	 SECTION 10.06
	 	Notice by the Company	  	 	36	  
			
	 SECTION 10.07
	 	Subrogation	  	 	36	  
			
	 SECTION 10.08
	 	Relative Rights	  	 	36	  
			
	 SECTION 10.09
	 	Subordination May Not Be Impaired by the Company	  	 	36	  
			
	 SECTION 10.10
	 	Distribution or Notice to Representative	  	 	36	  
			
	 SECTION 10.11
	 	Rights of Trustee and Paying Agent	  	 	36	  
			
		 	ARTICLE XI	  			
			
		 	MISCELLANEOUS	  			
			
	 SECTION 11.01.
	 	Trust Indenture Act Controls	  	 	37	  

  
 iv 

							
	 SECTION 11.02.
	 	Notices	  	 	37	  
			
	 SECTION 11.03.
	 	Communications by Holders with Other Holders	  	 	38	  
			
	 SECTION 11.04.
	 	Certificate and Opinion as to Conditions Precedent	  	 	38	  
			
	 SECTION 11.05.
	 	Statements Required in Certificate and Opinion	  	 	38	  
			
	 SECTION 11.06.
	 	Rules by Trustee and Agents	  	 	39	  
			
	 SECTION 11.07.
	 	Legal Holidays	  	 	39	  
			
	 SECTION 11.08.
	 	Governing Law	  	 	39	  
			
	 SECTION 11.09.
	 	No Adverse Interpretation of Other Agreements	  	 	39	  
			
	 SECTION 11.10.
	 	Successors	  	 	39	  
			
	 SECTION 11.11.
	 	Multiple Counterparts	  	 	39	  
			
	 SECTION 11.12.
	 	Table of Contents, Headings, etc.	  	 	39	  
			
	 SECTION 11.13.
	 	Separability	  	 	39	  
			
	 SECTION 11.14.
	 	Waiver of Jury Trial	  	 	39	  
			
	 SECTION 11.15.
	 	Force Majeure	  	 	40	  

  
 v 

 EXHIBITS 
  

							
	 	 	 	  	Page	 
	 Exhibit A-1
	 	Form of Security	  	 	A-1-1	  

  
 vi 

 INDENTURE, dated as of
            between Briggs & Stratton Corporation., a Wisconsin corporation, as issuer (the “Company”) and
            , a National Banking Association organized and existing under the laws of the United States of America, as trustee (the “Trustee”). 

The Company has been duly authorized to provide for the issuance from time to time of its unsecured senior debentures or
notes or other evidences of indebtedness (hereinafter called “Securities”) to be issued in one or more series as provided in and in accordance with this Indenture. 

Each party, to the extent specifically provided herein, agrees as follows for the benefit of the other party and for the
equal and ratable benefit of the Holders of the Securities. 
 ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 
 SECTION 1.01. Definitions. 
 “Affiliate”
of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with
respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling”
and “controlled” have meanings correlative to the foregoing. 
 “Agent” means
any Registrar, Paying Agent, Depository custodian or agent for service or notices and demands. 

“amend” means amend, modify, supplement, restate or amend and restate, including successively; and
“amending” and “amended” have correlative meanings. 
 “Applicable
Procedures” means with respect to any payment, tender, redemption, transfer or exchange of or for beneficial interests in any Global Security, the rules and procedures of the Depository that apply to such payment, tender, redemption,
transfer or exchange. 
 “Bankruptcy Law” means Title 11, United States Code, or any
similar U.S. Federal or state law or law of any other jurisdiction relating to bankruptcy, insolvency, winding-up, liquidation, reorganization or relief of debtors. 

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

“Business Day” means a day on which commercial banking institutions and foreign exchange markets settle
payments in New York City, and shall exclude any day on which commercial banking institutions and foreign exchange markets do not settle payments in London. 
 “Capital Stock” means, with respect to any Person, any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests (including
partnership interests) in (however designated) the equity of such Person, including any preferred stock, but excluding any debt securities convertible into such equity. 

“Commission” means the U.S. Securities and Exchange Commission. 

“Company” means the party named as such in the first paragraph of this Indenture, until a successor
replaces such party pursuant to Article Five and thereafter means the successor. 

  
 1 

 “Company Order” means a written request or order signed in
the name of the Company by its Chairman of the Board, its President or a Vice President, and by its Treasurer, an Assistant Treasurer, its Controller, an Assistant Controller, its Secretary or an Assistant Secretary, and delivered to the Trustee.

 “Corporate Trust Office” means an office of the Trustee at which at any time this Indenture
shall be administered, which office at the date hereof is located at             , or such other address as the Trustee may designate from time to time by notice to the Holders and the
Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Holders and the Company). 

“corporation” includes corporations, associations, companies (including any limited liability company),
business trusts and limited partnerships. 
 “Custodian” means any receiver, interim receiver,
receiver and manager, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law. 

“Default” means any event which is, or after notice or passage of time or both would be, an Event of
Default. 
 “Depository” means, with respect to the Securities issued in the form of one or
more Global Securities, The Depository Trust Company or another Person designated as Depository by the Company, which Person must be a clearing agency registered under the Exchange Act that is designated to act as Depository for such Securities as
contemplated by Section 2.01. 
 “Exchange Act” means the U.S. Securities Exchange Act of
1934, as amended. 
 “GAAP” means generally accepted accounting principles set forth in the
opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity
as have been approved by a significant segment of the accounting profession, which are in effect on the date of this Indenture. 
 “Global Security” means a Security that evidences all or part of the Securities of any series that is registered to the Depository or its nominee and bears the legend set forth in
Section 2.17 (or such legend as may be specified as contemplated by Section 2.01 for such Securities). 
 “Government Obligations” means any security issued or guaranteed as to full and timely payment of principal or interest by the United States, or by a person controlled or supervised by
and acting as an instrumentality of the government of the United States pursuant to authority granted by the Congress of the United States or any certificate of deposit for any of the foregoing. 

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

“Indebtedness” means with respect to any Person at any date of determination (without duplication),
indebtedness for borrowed money or indebtedness evidenced by bonds, notes, debentures or other similar instruments given to finance the acquisition of any businesses, properties or assets of any kind (including, without limitation, Capital Stock or
other equity interests in any Person). 
 “Indenture” means this Indenture as amended, restated
or supplemented from time to time, including, for all purposes of this instrument, the provisions of the Trust Indenture Act that are deemed to be a part of and govern this instrument and any supplemental indenture, respectively. 

“interest” means, with respect to the Securities, interest on the Securities, and with respect to any
Original Issue Discount Security, which by its terms bears interest only after its Maturity Date, means interest payable after the Maturity Date of such Original Issue Discount Security. 

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

  
 2 

 “Issue Date” means, with respect to Securities of any
series, the date on which Securities of such series are initially issued. 
 “Lien” with
respect to any property or assets, means any mortgage or deed of trust, pledge, hypothecation, assignment, deposit arrangement, security interest, lien, charge, easement (other than any easement not materially impairing usefulness or marketability),
encumbrance, preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever on or with respect to such property or assets (including, without limitation, any conditional sale or other title retention
agreement having substantially the same economic effect as any of the foregoing), but not including the interest of a lessor under a lease that is an operating lease under GAAP. 

“Maturity Date” when used with respect to any Security, means the date on which the principal amount of
such Security becomes due and payable as therein or herein provided. 
 “Obligor” means the
Company. 
 “Officers’ Certificate” means a certificate signed by the Chairman of the
Board, the Chief Executive Officer, the Chief Financial Officer, the President or a Vice President, and by the Treasurer, an Assistant Treasurer, the Controller, an Assistant Controller, the Secretary or an Assistant Secretary, of the Company, and
delivered to the Trustee. 
 “Opinion of Counsel” means a written opinion of counsel, who may
be an employee of or counsel for the Company, or other counsel who shall be acceptable to the Trustee. 

“Original Issue Discount Security” means any Security which provides for an amount less than the
principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity Date thereof pursuant to Section 6.02. 
 “Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, limited liability company, government or any
agency or political subdivision thereof or any other entity. 
 “Physical Securities” means
certificated Securities in registered form, registered to a person other than the Depository or its nominee, in substantially the form set forth in Exhibit A-1 or in such form as shall be established by or pursuant to a Board Resolution or in
one or more indentures supplemental hereto. 
 “Place of Payment,” when used with respect to
the Securities of such series, means the place or places where the principal of (and premium, if any) and interest on the Securities of such series are payable as specified as contemplated by Section 4.02. 

“Redemption Date” when used with respect to any Security to be redeemed, means the date fixed for such
redemption pursuant to the terms of this Indenture. 
 “Redemption Price,” when used with
respect to any Security to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture. 
 “Responsible Officer” shall mean, when used with respect to the Trustee, any officer within the corporate trust department of the Trustee, including any vice president, assistant vice
president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, and who shall
have responsibility for the administration of this Indenture or any other officer of the Trustee to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with the particular subject. 

“Securities” has the meaning provided in the preamble of this Indenture. 

“Securities Act” means the U.S. Securities Act of 1933, as amended. 

  
 3 

 “Senior Debt” means the principal of and interest on, or
substantially similar payments to be made by the Company in respect of, the following, whether outstanding at the date of execution of this Indenture or thereafter incurred, created or assumed: (a) indebtedness of the Company for money borrowed
or represented by purchase-money obligations, (b) indebtedness of the Company evidenced by notes, debentures, or bonds, or other securities issued under the provisions of an indenture, fiscal agency agreement or other instrument,
(c) obligations of the Company as lessee under leases of property either made as part of any sale and lease-back transaction to which the Company is a party or otherwise, (d) indebtedness of partnerships and joint ventures which is
included in the Company’s consolidated financial statements, (e) indebtedness, obligations and liabilities of others in respect of which the Company is liable contingently or otherwise to pay or advance money or property or as guarantor,
endorser or otherwise or which the Company has agreed to purchase or otherwise acquire, and (f) any binding commitment of the Company to fund any real estate investment or to fund any investment in any entity making such real estate investment;
but excluding, however, (1) any such indebtedness, obligation or liability referred to in clauses (a) through (f) above as to which, in the instrument creating or evidencing the same or pursuant to which the same is outstanding, it is
provided that such indebtedness, obligation or liability is not superior in right of payment to the Securities, or ranks pari passu with the Securities, (2) any such indebtedness, obligation or liability which is subordinated to indebtedness of
the Company to substantially the same extent as or to a greater extent than the Securities are subordinated and (3) the Securities. As used in the preceding sentence the term “purchase-money obligations” shall mean indebtedness or
obligations evidenced by a note, debenture, bond or other instrument (whether or not secured by any lien or other security interest but excluding indebtedness or obligations for which recourse is limited to the property purchased) issued or assumed
as all or a part of the consideration for the acquisition of property, whether by purchase, merger, consolidation or otherwise, but shall not include any trade accounts payable. A distribution may consist of cash, securities or other property.

 “Stated Maturity” means (a) with respect to any Security, the date specified in such
security as the fixed date on which the payment of principal of such security is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing for the repurchase of such Security at the option of
the Holder thereof upon the happening of any contingency beyond the control of the Company unless such contingency has occurred) and (b) with respect to any scheduled installment of principal of or interest on any Security, the date specified
in such Security as the fixed date on which such installment is due and payable. 

“Subsidiary” of a Person means, with respect to any Person, any corporation, association, partnership or
other business entity of which at least a majority of the total voting power of the Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned
or controlled, directly or indirectly, by (1) such Person, (2) such Person and one or more Subsidiaries of such Person or (3) one or more Subsidiaries of such Person. 

“TIA” means the Trust Indenture Act of 1939, as amended (15 U.S.
Code §§ 77aaa77bbbb) as in effect on the date of this Indenture (except as provided in Section 8.03). 
 “Trustee” means the party named as such in this Indenture until a successor replaces it pursuant to this Indenture and thereafter means the successor. 

  
 4 

 SECTION 1.02. Other Definitions. 

The definitions of the following terms may be found in the sections indicated as follows: 

 

					
	 Term
	  	Defined in
Section	 
	 “Agent Members”
	  	 	2.16	  
	 “Covenant Defeasance”
	  	 	9.01	  
	 “Events of Default”
	  	 	6.01	  
	 “Expiration Date”
	  	 	2.20	  
	 “Legal Defeasance”
	  	 	9.01	  
	 “Legal Holiday”
	  	 	11.07	  
	 “Notice of Default”
	  	 	6.01	  
	 “Paying Agent”
	  	 	2.04	  
	 “Registrar”
	  	 	2.04	  

 SECTION 1.03. Incorporation by Reference of Trust Indenture Act. 

Whenever this Indenture refers to a provision of the TIA, the portion of such provision required to be incorporated
herein in order for this Indenture to be qualified under the TIA is incorporated by reference in and made a part of this Indenture. The following TIA terms used in this Indenture have the following meanings: 

“indenture securities” means the Securities. 

“indenture securityholder” means a Holder. 

“indenture to be qualified” means this Indenture. 

“obligor on this indenture securities” means the Company or any other obligor on the Securities. 

All other terms used in this Indenture that are defined by the TIA, defined in the TIA by reference to another statute or
defined by Commission rule have the meanings therein assigned to them. 
 SECTION 1.04. Rules of
Construction. 
 Unless the context otherwise requires: 

(i) a term has the meaning assigned to it herein, whether defined expressly or by reference; 

(ii) “or” is not exclusive; 

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

(iv) words used herein implying any gender shall apply to both genders; 

(v) “herein,” “hereof” and other words of similar import refer to this Indenture as a
whole and not to any particular Article, Section or other subsection; 
 (vi) an accounting term
not otherwise defined has the meaning assigned to it in accordance with GAAP; and 

  
 5 

 (vii) “$,” “U.S. Dollars” and
“United States Dollars” each refer to United States dollars, or such other money of the United States that at the time of payment is legal tender for payment of public and private debts. 

ARTICLE II 
 THE
SECURITIES 
 SECTION 2.01. Series of Securities; Amount Unlimited. 

The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited.
The Securities may be issued in one or more series. There shall be established in one or more Board Resolutions or pursuant to authority granted by one or more Board Resolutions and, subject to Sections 2.02 and 2.03, set forth in, or
determined in the manner provided in, an Officers’ Certificate, and, in all cases, established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series, 

(1) the title of the Securities of the series (which shall distinguish the Securities of the series from
Securities of any other series); 
 (2) any limit upon the aggregate principal amount of the
Securities of the series which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to
Sections 2.07, 2.08, 2.11, 3.07 or 8.05, and except for any Securities which, pursuant to Section 2.03, are deemed never to have been authenticated and delivered hereunder); 

(3) the Person to whom any interest on a Security of the series shall be payable, if other than the Person
in whose name that Security is registered at the close of business on the regular record date for such interest; 
 (4) the date or dates on which the principal of any Securities of the series is payable; 
 (5) the rate or rates at which any Securities of the series shall bear interest, if any, the date or dates from which any such interest shall accrue, the Interest Payment Dates on which any such interest
shall be payable and the regular record date for any such interest payable on any Interest Payment Date; 
 (6) the place or places where the principal of and any premium and interest on any Securities of the series shall be payable; 

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

(8) the obligation, if any, of the Company to redeem or purchase any Securities of the series pursuant to
any sinking fund or analogous provisions or at the option of the Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which any Securities of the series shall be redeemed or purchased,
in whole or in part, pursuant to such obligation; 
 (9) if other than denominations of $2,000
and any integral multiples of $1,000 in excess thereof, the denominations in which any Securities of the series shall be issuable; 
 (10) if the amount of principal of or any premium or interest on any Securities of the series may be determined with reference to an index or pursuant to a formula, the manner in which such amounts shall
be determined; 
 (11) if other than the currency of the United States of America, the currency,
currencies or currency units in which the principal of or any premium or interest on any Securities of the series shall be payable and the manner of determining the equivalent thereof in the currency of the United States of America for any purpose;

  
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 (12) if the principal of or any premium or interest on any
Securities of the series is to be payable, at the election of the Company or the Holder thereof, in one or more currencies or currency units other than that or those in which such Securities are stated to be payable, the currency, currencies or
currency units in which the principal of or any premium or interest on such Securities as to which such election is made shall be payable, the periods within which and the terms and conditions upon which such election is to be made and the amount so
payable (or the manner in which such amount shall be determined); 
 (13) if other than the
entire principal amount thereof, the portion of the principal amount of any Securities of the series which shall be payable upon declaration of acceleration of the maturity of the principal amount thereof pursuant to Section 6.02; 

(14) if the principal amount payable at the Stated Maturity of any Securities of the series will not be
determinable as of any one or more dates prior to the Stated Maturity, the amount which shall be deemed to be the principal amount of such Securities as of any such date for any purpose thereunder or hereunder, including the principal amount thereof
which shall be due and payable upon any date other than the Stated Maturity or which shall be deemed to be outstanding as of any date prior to the Stated Maturity (or, in any such case, the manner in which such amount deemed to be the principal
amount shall be determined); 
 (15) if applicable, that any Securities of the series shall be
issuable in whole or in part in the form of one or more Global Securities and, in such case, the respective Depositories for such Global Securities, the form of any legend or legends which shall be borne by any such Global Security in addition to or
in lieu of that set forth in Section 2.17 and any circumstances in addition to or in lieu of those set forth in Section 2.16 in which any such Global Security may be exchanged in whole or in part for Securities registered, and any transfer
of such Global Security in whole or in part may be registered, in the name or names of Persons other than the Depositary for such Global Security or a nominee thereof; 

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

(17) any addition to or change in the covenants set forth in Article Four which applies to Securities of
the series; and 
 (18) any other terms of the series (which terms shall not be inconsistent with
the provisions of this Indenture, except as permitted by Section 8.01(xii)). 
 All Securities of any one
series shall be substantially identical except as to denomination and except as may otherwise be provided in or pursuant to the Board Resolution referred to above and (subject to Section 2.03) set forth, or determined in the manner provided, in
the Officers’ Certificate referred to above or in any such indenture supplemental hereto. 
 If any of the
terms of the series are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior
to the delivery of the Officers’ Certificate setting forth the terms of the series. 
 The Securities shall
be general unsecured senior obligations of the Company and will rank equally with all other unsecured senior indebtedness of the Company from time to time outstanding. 

SECTION 2.02. Form. 
 The Securities and the Trustee’s certificate of authentication with respect thereto shall be substantially in the form set forth in Exhibit A-1, which is incorporated in and forms a part of this
Indenture or such form established by one or more Board Resolutions adopted with respect of such series or established in one or more indentures supplemental hereto; in each case with such appropriate insertions, omissions, substitutions and other
variations as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as 

  
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may be required to comply with the rules of any securities exchange or Depository therefor or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced
by their execution thereof. If the form of Securities of any series is established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the
Company and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section 2.03 for the authentication and delivery of such Securities. 

The Securities shall be issued initially in the form of one or more permanent Global Securities in registered form and
deposited with the Trustee, as custodian for the Depository. The aggregate principal amount of any Global Security may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depository.

 The Securities may have notations, legends or endorsements required by law, rule or usage to which the
Company is subject. 
 The terms and provisions contained in the Securities shall constitute, and are expressly
made, a part of this Indenture and, to the extent applicable, the Company and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and agree to be bound thereby. 

SECTION 2.03. Execution and Authentication. 

The Securities shall be executed on behalf of the Company by its Chairman of the Board, Chief Executive Officer, Chief
Financial Officer, President, Treasurer, Assistant Treasurer, Controller, Assistant Controller, Secretary, Assistant Secretary or any Vice President. The signature of any of these officers on the Securities may be manual or facsimile. 

If a Person whose signature is on a Security occupied a particular office at the time of such execution but no longer
holds that office at the time the Trustee authenticates the Security, the Security shall be valid nevertheless. 

At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities
of any series executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order shall authenticate and deliver such
Securities. 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 shall be fully protected in relying upon, an Opinion of
Counsel stating, 
 (1) if the form of such Securities has been established by or pursuant to
Board Resolution as permitted by Section 2.02, that such form has been established in conformity with the provisions of this Indenture; 
 (2) if the terms of such Securities have been established by or pursuant to Board Resolution as permitted by Section 2.01, that such terms have been established in conformity with the provisions of
this Indenture; and 
 (3) that this Indenture constituted, and such Securities, when
authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute, valid and legally binding obligations of the Company enforceable in accordance
with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles. 

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

  
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 Notwithstanding the provisions of Section 2.01 and of the preceding
paragraph, if all Securities of any series are not to be originally issued at one time, unless otherwise requested by the Trustee, it shall not be necessary to deliver the Officers’ Certificate otherwise required pursuant to Section 2.01
or the Company Order and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior to the authentication of each Security of such series if such documents are delivered at or prior to the authentication upon original
issuance of the first Security of such series to be issued. 
 Each Security shall be dated the date of its
authentication. 
 No Security shall be entitled to any benefit under this Indenture or be valid or obligatory
for any purpose unless there appears on such Security a certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and
the only evidence, that such Security has been duly authenticated and delivered hereunder. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company
shall deliver such Security to the Trustee for cancellation as provided in Section 2.12, and shall provide with Trustee with an Officers’ Certificate to the effect that such Security has never been issued and sold by the Company, for all
purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 

The Securities of each series shall be issuable only in registered form without coupons and only in such denominations as
shall be specified as contemplated by Section 2.01. In the absence of any such specified denomination with respect to the Securities of any series, the Securities of such series shall be issuable in denominations of $2,000 and any integral
multiples of $1,000 in excess thereof. 
 SECTION 2.04. Registrar and Paying Agent. 

The Company shall maintain an office or agency in a Place of Payment where Securities may be presented for registration
of transfer or for exchange (the “Registrar”), and an office or agency where Securities may be presented for payment (the “Paying Agent”) and an office or agency where notices and demands to or upon the Company, if
any, in respect of the Securities and this Indenture may be served. The Registrar shall keep a register of the Securities and of their transfer and exchange. The Company may have one or more additional Paying Agents. The term “Paying
Agent” includes any additional Paying Agent. 
 The Company shall enter into an appropriate agency
agreement, which shall incorporate the provisions of the TIA, with any Agent that is not a party to this Indenture. The agreement shall implement the provisions of this Indenture that relate to such Agent. The Company shall notify the Trustee of the
name and address of any such Agent. If the Company fails to maintain a Registrar or Paying Agent, or fails to give the foregoing notice, the Trustee upon notice provided to it by the Company, shall act as such and shall be entitled to appropriate
compensation in accordance with Section 7.07. 
 The Company initially appoints the Trustee as Registrar,
Paying Agent and Agent for service of notices and demands in connection with the Securities and this Indenture and the Company may change the Registrar, Paying Agent and Agent without prior notice to the Holders. The Company or any of its
Subsidiaries may act as Paying Agent. 
 The Company will be responsible for making calculations called for
under the Securities, including but not limited to determination of Redemption Price, premium, if any, and any additional amounts or other amounts payable on the Securities. The Company will make the calculations in good faith and, absent manifest
error, its calculations will be final and binding on the Holders. The Company will provide a schedule of its calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy of the
Company’s calculations without independent verification. 
 SECTION 2.05. Paying Agent To Hold Money in
Trust. 
 Each Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held
by the Paying Agent for the payment of principal of or premium or interest on the Securities (whether such money has been paid to it by the Company or any other obligor on the Securities), and the Company and the Paying Agent shall notify the
Trustee of any Default by the Company (or any other obligor on the 

  
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Securities) in making any such payment. Money held in trust by the Paying Agent need not be segregated except as required by law and in no event shall the Paying Agent be liable for any interest
on any money received by it hereunder; provided that if the Company or an Affiliate thereof acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Company at any time may
require the Paying Agent to pay all money held by it to the Trustee and account for any funds disbursed and the Trustee may at any time during the continuance of any Event of Default specified in Section 6.01(1) or (2), upon written request to
the Paying Agent, require the Paying Agent to pay forthwith all money so held by it to the Trustee and to account for any funds disbursed. Upon making such payment, the Paying Agent shall have no further liability for the money delivered to the
Trustee. 
 SECTION 2.06. Holder Lists. 

The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the
names and addresses of the Holders. If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least five Business Days before each Interest Payment Date for Securities of any series, and at such other times as the Trustee may
request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders of Securities of such series; provided that, as long as the Trustee is the Registrar, no such list
need be furnished. 
 SECTION 2.07. Transfer and Exchange. 

Subject to Section 2.16, when Securities of any series are presented to the Registrar with a request from the Holder
of such Securities to register a transfer or to exchange them for an equal principal amount of Securities of such series of other authorized denominations, the Registrar shall register the transfer as requested. Every Security presented or
surrendered for registration of transfer or exchange shall be duly endorsed or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Registrar, duly executed by the Holder thereof or his attorneys duly
authorized in writing. To permit registrations of transfers and exchanges, the Company shall issue and execute and the Trustee shall authenticate new Securities of the same series evidencing such transfer or exchange at the Registrar’s request.
No service charge shall be made to the Holder for any registration of transfer or exchange. The Company may require from the Holder payment of a sum sufficient to cover any transfer taxes or other governmental charge that may be imposed in relation
to a transfer exchange, but this provision shall not apply to any exchange pursuant to Section 2.11, 3.07 or 8.05 (in which events the Company shall be responsible for the payment of such taxes). If the transfer is requested in connection with
a lost certificate, the Trustee shall be entitled to indemnity not unsatisfactory to the Trustee as a condition to making such transfer as provided in Section 2.08 hereof. The Registrar shall not be required to exchange or register a transfer
of any Security for a period of 15 days immediately preceding the redemption of Securities of such series, except the unredeemed portion of any Security being redeemed in part. 

Any Holder of a Global Security shall, by acceptance of such Global Security, agree that transfers of the beneficial
interests in such Security may be effected only through a book entry system maintained by the Holder of such Security (or its agent), and that ownership of a beneficial interest in the Global Security shall be required to be reflected in a book
entry. 
 Except as expressly provided herein, neither the Trustee nor the Registrar shall have any duty to
monitor the Company’s compliance with or have any responsibility with respect to the Company’s compliance with any Federal or state securities laws. 
 The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any
transfer of any interest in any Security (including any transfers between or among Agent Members or beneficial owners of interests in any Global Security) other than to require delivery of such certificates and other documentation or evidence as are
expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine compliance as to form with the express requirements hereof. 

Neither the Trustee nor any Agent shall have any responsibility for any actions taken or not taken by the Depository.

  
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 SECTION 2.08. Replacement Securities. 

If a mutilated Security is surrendered to the Registrar or the Trustee, or if the Holder of a Security claims that the
Security has been lost, destroyed or wrongfully taken, the Company shall issue and the Trustee shall authenticate a replacement Security of the same series if the Holder of such Security furnishes to the Company and the Trustee evidence satisfactory
to them of the ownership and the destruction, loss or theft of such Security and if the requirements of Section 8-405 of the New York Uniform Commercial Code as in effect on the date of this Indenture are met. If required by the Trustee or the
Company, an indemnity bond shall be posted, sufficient in the judgment of all to protect the Company, the Trustee or any Paying Agent from any loss that any of them may suffer if such Security is replaced. The Company may charge such Holder for the
Company’s reasonable out-of-pocket expenses in replacing such Security and the Trustee may charge the Company for the Trustee’s expenses (including, without limitation, attorneys’ fees and disbursements) in replacing such Security.
Every replacement Security shall constitute a contractual obligation of the Company. 
 SECTION 2.09.
Outstanding Securities. 
 The Securities outstanding at any time are all Securities that have been
authenticated by the Trustee except for (a) those canceled by it, (b) those delivered to it for cancellation, (c) to the extent set forth in Sections 9.01 and 9.02, on or after the date on which the conditions set forth in
Section 9.01 or 9.02 have been satisfied, those Securities theretofore authenticated and delivered by the Trustee hereunder and (d) those described in this Section 2.09 as not outstanding. Subject to Section 2.10, a Security does
not cease to be outstanding because the Company or one of its Affiliates holds the Security. 
 If a Security is
replaced pursuant to Section 2.08, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Security is held by a bona fide purchaser in whose hands such Security is a legal, valid and binding
obligation of the Company. 
 If the Paying Agent holds, in its capacity as such, on any Maturity Date, money
sufficient to pay all accrued interest and principal with respect to the Securities payable on that date and is not prohibited from paying such money to the Holders thereof pursuant to the terms of this Indenture, then on and after that date such
Securities cease to be outstanding and interest on them ceases to accrue. 
 SECTION 2.10. Treasury
Securities. 
 In determining whether the Holders of the required principal amount of Securities of any
series have concurred in any declaration of acceleration or Notice of Default or direction, waiver or consent or any amendment, modification or other change to this Indenture, Securities of such series owned by the Company or any other Affiliate of
the Company shall be disregarded as though they were not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent or any amendment, modification or other
change to this Indenture, only Securities of such series as to which a Responsible Officer of the Trustee has actually received an Officers’ Certificate stating that such Securities are so owned shall be so disregarded. Securities of such
series so owned which have been pledged in good faith shall not be disregarded if the pledgee established to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company
any other obligor on such Securities or any of their respective Affiliates. 
 SECTION 2.11. Temporary
Securities. 
 Until definitive Securities of any series are prepared and ready for delivery, the Company
may prepare and the Trustee shall authenticate temporary Securities of such series. Temporary Securities shall be substantially in the form of definitive Securities of the same series but may have variations that the Company considers appropriate
for temporary Securities. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate definitive Securities of any series in exchange for temporary Securities of such series. Until such exchange, temporary Securities
shall be entitled to the same rights, benefits and privileges as definitive Securities of such series. 

  
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 SECTION 2.12. Cancellation. 

The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall
forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee shall cancel all Securities surrendered for registration of transfer, exchange, payment, replacement or cancellation, and shall
deliver a certificate of such cancellation to the Company upon request therefor. The Company may not reissue or resell, or issue new Securities of any series to replace Securities of such series that the Company has redeemed or paid, or that have
been delivered to the Trustee for cancellation. All cancelled Securities held by the Trustee shall be retained and disposed of by the Trustee in accordance with its customary procedures and applicable law. 

SECTION 2.13. Defaulted Interest. 

If the Company defaults on a payment of interest on any series of Securities, it shall pay the defaulted interest, plus
(to the extent permitted by law) any interest payable on the defaulted interest (including post-petition interest in any proceeding under any Bankruptcy Law), in accordance with the terms hereof, to the Persons who are Holders of such series of
Securities on a subsequent special record date, which date shall be at least five Business Days prior to the payment date. The Company shall fix such special record date and payment date in a manner satisfactory to the Trustee. At least 10 days
before such special record date, the Company shall mail to each Holder of such series of Securities a notice that states the special record date, the payment date and the amount of defaulted interest, and interest payable on defaulted interest, if
any, to be paid. The Company may make payment of any defaulted interest in any other lawful manner not inconsistent with the requirements (if applicable) of any securities exchange on which the Securities of such series may be listed and, upon such
notice as may be required by such exchange, if, after written notice given by the Company to the Trustee of the proposed payment pursuant to this sentence and such other evidence as the Trustee shall require, such manner of payment shall be deemed
practicable by the Trustee. 
 SECTION 2.14. CUSIP Number. 

The Company in issuing the Securities of any series may use a “CUSIP” number, and if so, such CUSIP number
shall be included in notices, including notices of redemption or exchange, as a convenience to Holders of such series; provided that any such notice may state that no representation is made as to the correctness or accuracy of the CUSIP
number printed in the notice or on the Securities, and that reliance may be placed only on the other identification numbers printed on the Securities. The Company shall promptly notify the Trustee of any such CUSIP number used by the Company in
connection with the issuance of the Securities and of any change in the CUSIP number; provided, however, that the Trustee shall have no obligation to independently verify the accuracy of any CUSIP number. 

SECTION 2.15. Deposit of Moneys. 

Prior to 11:00 a.m., New York City time, on each Interest Payment Date and Maturity Date, the Company shall have
deposited with the Paying Agent in immediately available funds money sufficient to make cash payments, if any, due on such Interest Payment Date or Maturity Date, as the case may be, in a timely manner which permits the Trustee to remit payment to
the Holders on such Interest Payment Date or Maturity Date, as the case may be. The principal and interest on Global Securities shall be payable to the Depository or its nominee, as the case may be, as the sole registered owner and the sole Holder
of the Global Securities represented thereby in accordance with Applicable Procedures. The principal and interest on Physical Securities shall be payable as provided in the terms of the Securities. 

SECTION 2.16. Book-Entry Provisions for Global Securities. 

(a) Each Global Security authenticated under this Indenture shall be registered in the name of the Depository designated
for such Global Security or a nominee thereof and delivered to such Depository or a nominee thereof or custodian therefor, and each such Global Security shall constitute a single Security for all purposes of this Indenture. 

  
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 (b) Members of, or direct or indirect participants in, the Depository
(“Agent Members”) shall have no rights under this Indenture with respect to any Global Security held on their behalf by the Depository, or the Trustee as its custodian, or under the Global Security, and the Depository may be treated
by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of the Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of
the Company or the Trustee from giving effect to any written certification, proxy or other authorization (which may be in electronic form) furnished by the Depository or impair, as between the Depository and its Agent Members, the operation of
customary practices governing the exercise of the rights of a Holder of any Security. 
 (c) Transfers of Global
Securities shall be limited to transfer in whole, but not in part, to the Depository, its successors or their respective nominees. Interests of beneficial owners in the Global Securities of any series may be transferred or exchanged for Physical
Securities of such series in accordance with the Applicable Procedures of the Depository. In addition, a Global Security shall be exchangeable for Physical Securities if (i) the Depository (x) notifies the Company that it is unwilling or
unable to continue as depository for such Global Security or (y) has ceased to be a clearing agency registered under the Exchange Act, and, with respect to (x) or (y), the Company thereupon fails to appoint a successor depository within 90
days of such notice or cessation, (ii) the Company, at its option, notifies the Trustee in writing that it elects to cause the issuance of such Physical Securities in exchange for any or all of the Securities of any series represented by the
Global Securities of such series or (iii) there shall have occurred and be continuing an Event of Default with respect to the Securities of any series, and the Depository requests Physical Securities. In all cases, Physical Securities delivered
in exchange for any Global Security or beneficial interests therein shall be registered in the names, and issued in any approved denominations, requested by or on behalf of the Depository (in accordance with Applicable Procedures). 

(d) In connection with any transfer or exchange of a portion of the beneficial interest in any Global Security to
beneficial owners pursuant to paragraph (b), the Registrar shall (if one or more Physical Securities are to be issued) reflect on its books and records the date and a decrease in the principal amount of the Global Security of such series in an
amount equal to the principal amount of the beneficial interest in the Global Security of such series to be transferred, and the Company shall execute, and the Trustee shall upon receipt of a written order from the Company authenticate and make
available for delivery, one or more Physical Securities of like tenor and amount. 
 (e) In connection with the
transfer of Global Securities of any series as an entirety to beneficial owners pursuant to paragraph (b), the Global Securities of such series shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and the
Trustee shall authenticate and deliver, to each beneficial owner identified by the Depository in writing in exchange for its beneficial interest in the Global Securities of such series, an equal aggregate principal amount of Physical Securities of
authorized denominations. 
 (f) Any beneficial interest in one of the Global Securities of any series that is
transferred to a Person who takes delivery in the form of an interest in another Global Security of such series shall, upon transfer, cease to be an interest in such Global Security and become an interest in such other Global Security and,
accordingly, shall thereafter be subject to all transfer restrictions and other Applicable Procedures. 
 (g)
The Holder of any Global Security may grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or
the Securities. 
 (h) None of the Company, the Trustee, any Paying Agent or any Registrar will have any
responsibility or liability for any aspect of Depository records relating to, or payments made on account of, beneficial ownership interests in a Global Security or for maintaining, supervising or reviewing any Depository records relating to such
beneficial ownership interests, or for transfers of beneficial interests in the Securities or any transactions between the Depositary and beneficial owners. 

  
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 SECTION 2.17. Legend for Global Security. 

Unless otherwise specified as provided in Section 2.01 for the Securities evidenced thereby, every Global Security
authenticated and delivered hereunder shall bear a legend in substantially the following form: 

This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is
registered in the name of a Depository or a nominee thereof. This Security may not be exchanged in whole or in part for a Security registered, and no transfer of this Security in whole or in part may be registered, in the name of any Person other
than such Depository or a nominee thereof, except in the limited circumstances described in the Indenture. 

SECTION 2.18. Computation of Interest. 

Except as otherwise specified as contemplated by Section 2.01, interest on the Securities shall be computed on the
basis of a 360-day year of twelve 30-day months. 
 SECTION 2.19. Calculation of Original Issue Discount.

 Except as the Company and the Trustee may otherwise agree, the Company shall file with the Trustee promptly
at the end of each calendar year for which reporting on Form 1099 OID is required (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on outstanding series of Securities as
of the end of such year and (ii) such other specific information relating to such original issue discount as may then be relevant under the Internal Revenue Code of 1986, as amended from time to time. 

SECTION 2.20. Record Dates. 

(a) The Company may set any day as a record date for the purpose of determining the Holders of outstanding Securities of
any series entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken by Holders of Securities of such series, provided
that the Company may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice, declaration, request or direction referred to in the next paragraph. If any record date is
set pursuant to this paragraph, the Holders of outstanding Securities of the relevant series on such record date, and no other Holders, shall be entitled to take the relevant action, whether or not such Holders remain Holders after such record date;
provided that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of outstanding Securities of such series on such record date. Nothing in this
paragraph shall be construed to prevent the Company from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no
action by any Person be cancelled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of outstanding Securities of the relevant series on the date
such action is taken. Promptly after any record date is set pursuant to this paragraph, the Company, at its own expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the
Trustee in writing and to each Holder of Securities of the relevant series in the manner set forth in Section 7.06. 
 (b) The Trustee may set any day as a record date for the purpose of determining the Holders of outstanding Securities of any series entitled to join in the giving or making of (i) any Notice of
Default, (ii) any declaration of acceleration referred to in Section 6.02, (iii) any request to institute proceedings referred to in Section 6.06(2) or (iv) any direction referred to in Section 6.05, in each case with
respect to Securities of such series. If any record date is set pursuant to this paragraph, the Holders of outstanding Securities of such series on such record date, and no other Holders, shall be entitled to join in such notice, declaration,
request or direction, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite
principal amount of outstanding Securities of such series on 

  
 14 

 
such record date. Nothing in this paragraph shall be construed to prevent the Trustee from setting a new record date for any action for which a record date has previously been set pursuant to
this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the
requisite principal amount of outstanding Securities of the relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Trustee, at the Company’s expense, shall cause notice of such
record date, the proposed action by Holders and the applicable Expiration Date to be given to the Company in writing and to each Holder of Securities of the relevant series. 

(c) With respect to any record date set pursuant to this Section, the party hereto which sets such record dates may
designate any day as the “Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the proposed new Expiration Date is given
to the other party hereto in writing, and to each Holder of Securities of the relevant series, on or prior to the existing Expiration Date. If an Expiration Date is not designated with respect to any record date set pursuant to this Section, the
party hereto which set such record date shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect thereto, subject to its right to change the Expiration Date as provided in this paragraph.
Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the applicable record date. 
 (d) Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to any particular Security may do so with regard to all or any part of the principal amount of such
Security or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such principal amount. 
 ARTICLE III 
 REDEMPTION 

SECTION 3.01. Applicability of Article. 

Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their
terms and (except as otherwise specified as contemplated by Section 2.01 for such Securities) in accordance with this Article. 
 SECTION 3.02. Election To Redeem; Notices to Trustee. 
 If
the Company elects to redeem the Securities of any series, the Company shall notify the Trustee in writing at least 45 days prior to the Redemption Date (unless a shorter period is acceptable to the Trustee) of the Redemption Date, the principal
amount of such Securities to be redeemed and the calculation of the Redemption Price (or manner thereof if not then capable of calculation), and deliver to the Trustee, no later than two Business Days prior to the Redemption Date, an Officers’
Certificate and if the Trustee shall request, such other documents or opinions stating that such redemption will comply with the conditions contained herein and in the Securities of such series, as appropriate. Notice given to the Trustee pursuant
to this Section 3.02 may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent, and the calculation of the Redemption Price if not previously provided. 

SECTION 3.03. Selection by Trustee of Securities To Be Redeemed. 

If less than all the Securities of any series are to be redeemed, and the Securities are Global Securities, the
Securities to be redeemed will be selected by Applicable Procedures of the Depository. If the Securities to be redeemed are Physical Securities, the Trustee shall select the Securities to be redeemed on a pro rata basis or on as nearly a
pro rata basis as is practicable. The Trustee shall promptly notify the Company of the Securities selected for redemption and, in the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed. The
Trustee may select for redemption portions 

  
 15 

 
of the principal of the Securities that have denominations larger than $2,000. Securities and portions thereof the Trustee selects shall be redeemed in amounts of $2,000 or whole multiples of
$1,000 equal to or greater than $2,000. For all purposes of this Indenture unless the context otherwise requires, provisions of this Indenture that apply to Securities called for redemption also apply to portions of Securities called for redemption.

 SECTION 3.04. Notice of Redemption. 

At least 30 days, and no more than 60 days, before a Redemption Date, the Company shall mail, or cause to be mailed, a
notice of redemption by first-class mail to each Holder of Securities to be redeemed at his or her last address as the same appears on the registry books maintained by the Registrar pursuant to Section 2.04. 

The notice shall identify the Securities to be redeemed (including the CUSIP numbers thereof) and shall state:

 (i) the Redemption Date; 

(ii) the Redemption Price (or manner of calculation if not then known); 

(iii) if fewer than all outstanding Securities of any series are to be redeemed, the portion of the
principal amount of such Securities to be redeemed and that, after the Redemption Date and upon surrender of such Securities, a new Security or Securities of such series in principal amount equal to the unredeemed portion will be issued; 

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

(v) that Securities called for redemption must be surrendered to the Paying Agent to collect the
Redemption Price; 
 (vi) that unless the Company defaults in making the redemption payment,
interest on Securities called for redemption ceases to accrue on and after the Redemption Date; 

(vii) if such notice is conditioned upon the occurrence of one or more conditions precedent, the nature of
such conditions precedent; and 
 (viii) the aggregate series and the principal amount of
Securities of each such series that are being redeemed. 
 At the Company’s written request made at least
five Business Days prior to the date on which notice is to be given, the Trustee shall give the notice of redemption in the Company’s name and at the Company’s sole expense. If any notice of redemption is conditioned upon the occurrence of
one or more conditions precedent, such notice of redemption shall state that such redemption may not occur and such notice may be rescinded in the event that any such condition precedent shall not have occurred as stated in such notice of
redemption. The Company will provide prompt written notice to the Trustee rescinding such redemption in the event that any such condition precedent shall not have occurred, and such redemption and notice of redemption shall be rescinded and of no
force or effect. Upon receipt of such notice from the Company rescinding such redemption, the Trustee will promptly send a copy of such notice to the holders of the Securities to be redeemed in the same manner in which the notice of redemption was
given. 
 SECTION 3.05. Effect of Notice of Redemption. 

Once the notice of redemption described in Section 3.04 is mailed, unless conditioned upon one or more conditions as
provided in Section 3.04 (vii) hereof, Securities called for redemption become due and payable on the Redemption Date and at the Redemption Price, including any premium, plus interest accrued to the Redemption Date. Upon surrender to the
Paying Agent, such Securities shall be paid at the Redemption Price, including any premium, plus interest accrued to the Redemption Date; provided that if the Redemption Date is after a regular record date and on or prior to the Interest
Payment Date, the accrued interest shall be payable to the Holder of the redeemed Securities registered on the relevant record date; and provided, further, that if a Redemption Date is a Legal Holiday, payment shall be made on the next
succeeding Business Day and no interest shall accrue for the period from such Redemption Date to such succeeding Business Day. Such notice, if mailed in the manner provided in Section 3.03, shall be conclusively presumed to have been given
whether or not the Holder receives such notice. 

  
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 SECTION 3.06. Deposit of Redemption Price. 

On or prior to 11:00 A.M., New York City time, on each Redemption Date, the Company shall deposit with the Paying Agent
in immediately available funds money sufficient to pay the Redemption Price of, including premium, if any, and accrued interest on all Securities to be redeemed on that date other than Securities or portions thereof called for redemption on that
date which have been delivered by the Company to the Trustee for cancellation. 
 On and after any Redemption
Date, if money sufficient to pay the Redemption Price of, including premium, if any, and accrued interest on Securities called for redemption shall have been made available in accordance with the immediately preceding paragraph, the Securities
called for redemption will cease to accrue interest and the only right of the Holders of such Securities will be to receive payment of the Redemption Price of and, subject to the first proviso in Section 3.05, accrued and unpaid interest on
such Securities to the Redemption Date. If any Security surrendered for redemption shall not be so paid, interest will be paid, from the Redemption Date until such redemption payment is made, on the unpaid principal of such Security and any interest
not paid on such unpaid principal, in each case at the rate and in the manner provided in such Securities. 

SECTION 3.07. Securities Redeemed in Part. 

Upon surrender of a Security that is redeemed in part, the Company shall execute and the Trustee shall authenticate for
the Holder thereof a new Security of such series equal in principal amount to the unredeemed portion of the original Security in the name of the Holder upon cancellation of the original Security surrendered, except that if a Global Security is so
redeemed, the Schedule of Increases or Decreases with respect to such Global Security shall be adjusted to reflect such redemption. 
 SECTION 3.08. Mandatory Redemption. 
 The Company is not
required to make mandatory redemption or sinking fund payments with respect to the Securities of any series, unless otherwise specified in accordance with Section 2.01 when establishing the terms of such series of Securities. 

ARTICLE IV 

COVENANTS 
 SECTION 4.01. Payment of Principal, Premium and Interest. 

The Company covenants and agrees that it will duly and punctually pay the principal of (and premium, if any) and interest
on the Securities in accordance with the terms of the Securities and this Indenture. 
 SECTION 4.02.
Maintenance of Office or Agency. 
 The Company will maintain in each Place of Payment for any series of
Securities an office or agency where Securities of such series may be presented or surrendered for payment, where Securities of such series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the
Company in respect of the Securities of such series and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company
shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the
Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 

  
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 The Company may also from time to time designate one or more other offices
or agencies where the Securities of any one or more series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission
shall in any manner relieve the Company of its obligation to maintain an office or agency in each Place of Payment for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or
rescission and of any change in the location of any such other office or agency. 
 SECTION 4.03. Corporate
Existence. 
 Subject to Article Five, the Company will do or cause to be done all things necessary to
preserve and keep in full force and effect its existence as a corporation. 
 SECTION 4.04. Money for
Securities Payments To Be Held in Trust. 
 If the Company shall at any time act as its own Paying Agent
with respect to the Securities of any series, it will, on or before each due date of the principal of (and premium, if any) or interest on any of the Securities of such series, segregate and hold in trust for the benefit of the Persons entitled
thereto a sum sufficient to pay the principal (and premium, if any) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure
so to act. 
 Whenever the Company shall have a Paying Agent for the Securities of any series, it will, prior to
11:00 a.m., New York City time, on each due date of the principal of (and premium, if any) or interest on the Securities of such series, deposit with the Paying Agent a sum sufficient to pay the principal (and premium, if any) or interest so
becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act.

 The Company will cause the Paying Agent, other than the Trustee, to execute and deliver to the Trustee an
instrument in which the Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that the Paying Agent will: 
 (1) hold all sums held by it for the payment of the principal of (and premium, if any) or interest on the Securities of any series in trust for the benefit of the Persons entitled thereto until such sums
shall be paid to such Persons or otherwise disposed of as herein provided; 
 (2) give the
Trustee notice of any Default by the Company in the making of any payment of principal (and premium, if any) or interest on the Securities of any series; and 

(3) at any time during the continuance of any such Default, upon the written request of the Trustee,
forthwith pay to the Trustee all sums so held in trust by the Paying Agent. 
 The Company may at any time, for
the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Order direct the Paying Agent to pay, to the Trustee all sums held in trust by the Company or the Paying Agent, such sums to be
held by the Trustee upon the same trusts as those upon which such sums were held by the Company or the Paying Agent; and, upon such payment by the Paying Agent to the Trustee, the Paying Agent shall be released from all further liability with
respect to such money. 
 SECTION 4.05. Maintenance of Properties. The Company will cause all of its
properties used or useful in the conduct of its business or the business of any Subsidiary to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary
repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Company may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times;
provided, however, that nothing in this Section shall prevent the Company or any Subsidiary from selling or otherwise disposing of for value its properties in the ordinary course of its business. 

  
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 SECTION 4.06. Insurance. The Company will, and will cause each of its
Subsidiaries to, keep all of its insurable properties insured against loss or damage at least equal to their then full insurable value with financially sound and reputable insurance companies. 

SECTION 4.07. Payment of Taxes and Other Claims. The Company will pay or discharge or cause to be paid or
discharged, before the same shall become delinquent, (1) all taxes, assessments and governmental charges levied or imposed upon it or any Subsidiary or upon the income, profits or property of the Company or any Subsidiary, and (2) all
lawful claims for labor, materials and supplies which, if unpaid, might by law become a Lien upon the property of the Company or any Subsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or
discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings. 
 SECTION 4.08. Provision of Financial Information. Whether or not the Company is subject to Section 13 or 15(d) of the Exchange Act, the Company will, to the extent permitted under the Exchange
Act, file with the Commission the annual reports, quarterly reports and other documents which the Company would have been required to file with the Commission pursuant to such Section 13 or 15(d) (the “Financial Statements”) if the
Company were so subject, such documents to be filed with the Commission on or prior to the respective dates (the “Required Filing Dates”) by which the Company would have been required so to file such documents if the Company were so
subject. If the Company is not permitted to file the Financial Statements with the Commission, the Company will, within 15 days of each Required Filing Date (i) transmit by mail to all Holders, as their names and addresses appear in the
Security Register, without cost to such Holders, copies of the annual reports and quarterly reports which the Company would have been required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act if the Company were
subject to such Sections, and (ii) file with the Trustee copies of annual reports, quarterly reports and other documents which the Company would have been required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange
Act if the Company were subject to such Sections. Delivery of such reports, information and documents to the Trustee hereunder is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any
information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates or
certificates delivered pursuant to Section 4.09). 
 SECTION 4.09. Statement by Officer as to
Default. 
 The Company will deliver to the Trustee, within 120 days after the end of each fiscal year of
the Company ending after the date hereof, a certificate signed by its principal executive officer, its principal financial officer or its principal accounting officer (which need not comply with Section 11.05), stating whether or not to the
best knowledge of the signer thereof the Company is in Default in the performance and observance of any covenant, agreement or condition contained in this Indenture, and if the Company shall be in Default, specifying all such Defaults and the nature
and status thereof of which such officer may have knowledge. 
 ARTICLE V 

SUCCESSOR CORPORATION 
 SECTION 5.01. Consolidation, Merger and Sale of Assets. 

The Company may: (1) consolidate or merge with or into another Person; or (2) sell, assign, transfer, convey or
otherwise dispose of all or substantially all of the Company’s properties or assets and Subsidiaries taken as a whole, in one or more related transactions, to another Person; if: 

(1) either: (a) the Company is the surviving corporation; or (b) the Person formed by or
surviving any such consolidation or merger (if other than the Company) or to which such sale, assignment, transfer, conveyance or other disposition has been made is a corporation organized or existing under the laws of the United States, any state
of the United States or the District of Columbia (any such Person, the “Successor Company”); 

  
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 (2) the Successor Company assumes all the obligations of the
Company under the Securities and this Indenture pursuant to agreements not unsatisfactory to the Trustee; and 
 (3) immediately after such transaction no Default exists. 
 The
Successor Company will be the successor to the Company and shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture, and the predecessor company shall be released from its obligations with
respect to the Securities, including with respect to its obligation to pay the principal of and interest on the Securities. The Company shall deliver to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such
consolidation, merger, sale, 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. 
 ARTICLE VI 

DEFAULTS AND REMEDIES 
 SECTION 6.01. Events of Default. 
 The following events
shall be “Events of Default” with respect to Securities of any series: 
 (1) a
failure to pay interest upon any Security of such series that continues for a period of 30 days after payment is due; 
 (2) a failure to pay the principal or premium, if any, on any Security of such series when due upon Stated Maturity, by declaration, redemption or otherwise; 

(3) a failure to perform any of the Company’s other covenants or agreements contained in this
Indenture (other than a covenant or warranty a Default in whose performance or whose breach is elsewhere in this Section specifically dealt with or which has expressly been included in this Indenture solely for the benefit of a series of Securities
other than such series) applicable to the Securities of any series, for a period of 60 days after written notice to the Company by the Trustee or to the Company and the Trustee from the Holders of at least 25% of the principal amount of the
Securities of such series then outstanding specifying such Default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; 

(4) the Company pursuant to or within the meaning of any Bankruptcy Law: 

(A) commences a voluntary insolvency proceeding; 

(B) consents to the entry of an order for relief against it in an involuntary insolvency proceeding or
consents to its dissolution or winding-up; 
 (C) consents to the appointment of a Custodian of
it or for any substantial part of its property; or 
 (D) makes a general assignment for the
benefit of its creditors; or takes any comparable action under any foreign laws relating to insolvency; 
 (5) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (A) is for relief against the Company in an involuntary insolvency proceeding; 
 (B) appoints a Custodian of the Company or for any substantial part of its property; 
 (C) orders the winding-up, liquidation or dissolution of the Company; 
 (D) orders the presentation of any plan or arrangement, compromise or reorganization of the Company; or 

  
 20 

 (E) grants any similar relief under any foreign laws; and in
each such case the order or decree remains unstayed and in effect for 90 days; and 
 (6) the
failure to deposit any sinking, purchase or analogous fund payment in respect of any Securities of such series that continues for a period of 30 days after payment is due. 

The foregoing will constitute Events of Default whatever the reason for any such Event of Default and whether it is
voluntary or involuntary or is 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. 

SECTION 6.02. Acceleration of Maturity; Rescission. 

If an Event of Default with respect to the Securities of any series (other than an Event of Default specified in
Sections 6.01(4) and 6.01(5)) shall have occurred and be continuing, the Trustee or the registered Holders of not less than 25% in aggregate principal amount of the Securities of such series then outstanding may declare to be immediately due
and payable the principal amount (or, if the Securities of that series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of that series) of all such Securities then outstanding by written
notice to the Company and the Trustee, plus accrued but unpaid interest to the date of acceleration. In case an Event of Default specified in Sections 6.01(4) and 6.01(5) shall occur, such amount with respect to all such Securities shall be
automatically due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of such Securities. After any such acceleration, but before a judgment or decree based on acceleration is obtained by the
Trustee, the registered Holders of a majority in aggregate principal amount of such Securities then outstanding may rescind and annul such acceleration (i) if the rescission would not conflict with any judgment or decree, (ii) if all
existing Events of Default have been cured or waived except nonpayment of principal, premium or interest that has become due solely because of the acceleration, (iii) to the extent the payment of such interest is permitted under applicable law,
interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid, (iv) if the Company has paid the Trustee its reasonable compensation and reimbursed the
Trustee for its expenses, disbursements and advances and all other amounts due to the Trustee under Section 7.07 and (v) in the event of the cure or waiver of an Event of Default of the type described in either Section 6.01(4) or (5),
the Trustee shall have received an Officers’ Certificate and such other documentation as the Trustee may request, to the effect that such Event of Default has been cured or waived. No such rescission shall affect any subsequent Default or
impair any right consequent thereto. 
 Subject to Section 7.01, in case an Event of Default shall occur
and be continuing with respect to any series of Securities, the Trustee shall be under no obligation to exercise any of its rights or powers under this Indenture at the request or direction of any of the Holders of such series of Securities, unless
such Holders shall have offered to the Trustee indemnity satisfactory to the Trustee. Subject to Section 7.07, the Holders of a majority in aggregate principal amount of such series of Securities then outstanding will 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 such Securities. 

SECTION 6.03. Other Remedies. 

If an Event of Default occurs and is continuing with respect to any series of Securities, the Trustee may pursue any
available remedy by proceeding at law or in equity to collect the payment of principal of, or premium, if any, and interest on the Securities of such series or to enforce the performance of any provision of the Securities of such series or this
Indenture and may take any necessary action requested of it as Trustee to settle, compromise, adjust or otherwise conclude any proceedings to which it is a party. 

The Trustee may maintain a proceeding even if it does not possess any of the Securities of such series or does not
produce any of them in the proceeding. Any such proceeding instituted by the Trustee may be brought in its own name and as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable
compensation, expenses, disbursements of the Trustee and its 

  
 21 

 
counsel, be for the ratable benefit of the Holders of the Securities of such series in respect of which such judgment has been recovered. A delay or omission by the Trustee or any Holder in
exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other remedy. All available remedies are
cumulative, to the extent permitted by law. Any costs associated with actions taken by the Trustee under this Section 6.03 shall be reimbursed to the Trustee by the Company. 

SECTION 6.04. Waiver of Past Defaults and Events of Default. 

The Holders of a majority in aggregate principal amount of the then outstanding Securities of such series may on behalf
of the Holders of all the affected Securities waive any past Default or Event of Default with respect to such Securities and its consequences by providing written notice thereof to the Company and the Trustee; provided the Securities of any
series are not then due and payable by reason of a declaration of acceleration, except a Default or Event of Default (1) in the payment of interest on or the principal of any Security or (2) in respect of a covenant or provision hereof
which under this Indenture cannot be modified or amended without the consent of the Holder of each outstanding Security affected. In the case of any such waiver, the Company, the Trustee and the Holders of the Securities will be restored to their
former positions and rights under this Indenture, respectively; provided that no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto. 

SECTION 6.05. Control by Majority. 

The Holders of at least a majority in aggregate principal amount of the outstanding Securities of any series may 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. However, the Trustee may refuse to follow any direction for which it has not received
indemnity satisfactory to the Trustee that conflicts with law or this Indenture, that may involve the Trustee in personal liability, or that the Trustee determines in good faith may be unduly prejudicial to the rights of Holders of the affected
Securities not joining in the giving of such direction (it being understood that the Trustee shall have no duty to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders), and may take any other action it deems
proper that is not inconsistent with any such direction received from Holders of such Securities. 
 SECTION
6.06. Limitation on Suits. 
 No Holder of any Security of any series will have any right to institute
any proceeding with respect to this Indenture, or for the appointment of a receiver or trustee, or for any remedy hereunder, unless: 
 (1) the Holder gives the Trustee written notice of a continuing Event of Default with respect to the Securities of such series, 

(2) the Holders of at least 25% in aggregate principal amount of outstanding Securities of such series of
the relevant series make a written request to the Trustee to institute such proceeding or pursue such remedy as trustee, 
 (3) such Holder or Holders offer the Trustee indemnity satisfactory to the Trustee against any costs, liability or expense, 

(4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer
of indemnity, and 
 (5) during such 60-day period the Holders of at least a majority in
aggregate principal amount of the outstanding Securities of such series of the relevant series do not give the Trustee a direction that is inconsistent with the request. 

However, such limitations do not apply to a suit instituted by a Holder of any Security for enforcement of payment of the
principal of, and premium, if any, or interest on, such Security on or after the respective due date expressed in such Security. 

  
 22 

 SECTION 6.07. No Personal Liability of Directors, Officers, Employees and
Stockholders. 
 No director, manager, trustee, officer, employee, member, partner or stockholder of the
Company shall have any liability for any obligations of the Company under the Securities, or this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Securities by accepting a
Security waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities. This waiver may not be effective to waive liabilities under the U.S. federal securities laws. 

SECTION 6.08. Rights of Holders To Receive Payment. 

Notwithstanding any other provision of this Indenture, the right of any Holder of a Security to receive payment of the
principal of or premium, if any, or interest, if any, on such Security or to bring suit for the enforcement of any such payment, on or after the due date expressed in the Securities shall not be impaired or affected without the consent of the
Holder. 
 SECTION 6.09. Collection Suit by Trustee. 

If an Event of Default with respect to Securities of any series in payment of principal, premium or interest specified in
Section 6.01(1) or (2) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company (or any other obligor on the Securities of such series) for the whole amount of unpaid
principal and accrued interest remaining unpaid. 
 SECTION 6.10. Trustee May File Proofs of Claim.

 The Trustee may file such proofs of claim and other papers or documents as may be necessary or advisable in
order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07) and the Holders
allowed in any judicial proceedings relative to the Company (or any other obligor upon the Securities), its creditors or its property and, unless prohibited by law, shall be entitled and empowered to collect and receive any monies or other property
payable or deliverable on any such claims and to distribute the same after deduction of its charges and expenses to the extent that any such charges and expenses are not paid out of the estate in any such proceedings and any Custodian in any such
judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07. 

Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf
of any Holder any plan or reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceedings. All
rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities thereof in any proceeding relating thereto, and any such proceeding instituted by the
Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel,
be for the ratable benefit of the Holders in respect of which such judgment has been recovered. The Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or
other similar committee. 

  
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 SECTION 6.11. Priorities. 

Any money collected by the Trustee pursuant to this Article Six or property distributable in respect of the
Company’s obligations under this Indenture after an event of Default in respect of any series shall be applied in the following order: 
 FIRST: to the Trustee for amounts due under Section 7.07 or otherwise under this Indenture; 
 SECOND: to Holders for amounts due and unpaid on the affected Securities for principal, premium, if any, and interest as to each, ratably, without preference or priority of any kind, according to the
amounts due and payable on the Securities; and 
 THIRD: to the Company with respect to any such
series of Securities. 
 The Trustee may fix a record date and payment date for any payment to Holders pursuant
to this Section 6.11. 
 SECTION 6.12. Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any
action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including
reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.12 does not apply to a suit by the
Trustee, a suit by a Holder pursuant to Section 6.08 or a suit by Holders of more than 10% in principal amount of the Securities then outstanding. 
 ARTICLE VII 
 TRUSTEE 

SECTION 7.01. Duties of Trustee. 

(a) If an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, the
Trustee shall exercise such of the rights and powers vested in it by this Indenture and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such Person’s
own affairs. 
 (b) Except during the continuance of an Event of Default: 

(1) The Trustee need perform only such duties as are specifically set forth in this Indenture and no
others and no implied covenants or obligations shall be read into this Indenture against the Trustee. 
 (2) In the absence of bad faith or willful misconduct on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon
certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture but, in the case of any such certificates 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 on their face to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein).
Whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically
prescribed) may, in the absence of bad faith on its part, conclusively rely upon an Officers’ Certificate, subject to the requirement in the preceding sentence, if applicable. 

(c) The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act, or its
own willful misconduct, except that: 
 (1) This paragraph does not limit the effect of
Section 7.01(b). 
 (2) 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 is proved that the Trustee was negligent in ascertaining the pertinent facts. 

  
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 (3) The Trustee shall not be liable with respect to any
action it takes or omits to take in good faith in accordance with a direction of the Holders of a majority in aggregate principal amount of the Securities received by it pursuant to the terms hereof. 

(4) No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise
incur any financial liability in the performance of any of its rights, powers or duties if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity satisfactory to it against such risk or liability is not
reasonably assured to it. 
 (d) Whether or not therein expressly so provided, Sections 7.01(a), (b),
(c) and (e) shall govern every provision of this Indenture that in any way relates to the Trustee. 

(e) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at
the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by
it in compliance with such request or direction. 
 (f) The Trustee shall not be liable for interest on any
money received by it except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by the law. 

SECTION 7.02. Rights of Trustee. 

Subject to Section 7.01: 

(1) The Trustee may conclusively rely on any document (whether in its original or facsimile form)
reasonably believed by it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the document. 

(2) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an
Opinion of Counsel, or both, which shall conform to the provisions of Section 10.05. The Trustee shall be fully protected and shall not be liable for any action it takes or omits to take in reliance on such certificate or opinion. 

(3) The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct
or negligence of any agent appointed by it. 
 (4) The Trustee shall not be liable for any action
it takes or omits to take in good faith which it reasonably believes to be authorized or within its rights or powers; provided that the Trustee’s conduct does not constitute willful misconduct, negligence or bad faith. 

(5) The Trustee may consult with counsel of its selection, and the advice or opinion of such counsel with
respect to legal matters relating to the Securities or this Indenture or any Opinion of Counsel shall be full and complete authorization and protection from liability in respect of any action taken, omitted or suffered by it hereunder in accordance
with the advice or opinion of such counsel or Opinion of Counsel. 
 (6) The rights, privileges,
protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other
person employed to act hereunder. 
 (7) The Trustee shall not be bound to make any investigation
into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee,
in its discretion, may make such further inquiry or investigation into such facts or matters as it in its sole discretion, determines to do, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to
examine the books records, and premises of the Company, personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

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

(9) The Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible
Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a Default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities and this
Indenture. 
 (10) The Trustee may request that the Company deliver an Officers’ Certificate
setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign an Officers’
Certificate, including any person specified as so authorized in any such certificate previously delivered and not suspended. 
 (11) In no event shall the Trustee be responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of
whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 
 SECTION 7.03. Individual Rights of Trustee. 
 The Trustee
in its individual or any other capacity may become the owner or pledgee of Securities and may make loans to, accept deposits from, perform services for or otherwise deal with the either of the Company, or any Affiliate thereof, with the same rights
it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee, however, shall be subject to Sections 7.10 and 7.11. 
 SECTION 7.04. Trustee’s Disclaimer. 
 The Trustee
shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Securities and it shall not be accountable for the Company’s use of the proceeds from the sale of Securities or any money paid to
the Company pursuant to the terms of this Indenture and it shall not be responsible for any statement in the Securities or this Indenture other than its certificate of authentication. The Trustee shall have no responsibility or liability with
respect to any information, statement or recital in any offering memorandum, prospectus, prospectus supplement or other disclosure material prepared or distributed with respect to the issuance of any of the Securities. 

SECTION 7.05. Notice of Defaults. 

If a Default occurs with respect to Securities of any series, and such Default is continuing and if it is known to a
Responsible Officer of the Trustee, the Trustee shall give to each Holder of Securities of such series a notice of the Default within 90 days after it occurs in the manner and to the extent provided in the TIA and otherwise as provided in this
Indenture. Except in the case of a Default in payment of the principal of or interest on any Security (including payments pursuant to a redemption or repurchase of the Securities pursuant to the provisions of this Indenture), the Trustee may
withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of Holders. 

SECTION 7.06. Reports by Trustee to Holders. 

If required by TIA § 313(a), within 60 days after May 15 of any year, the Trustee shall mail to each
Holder a brief report dated as of such date that complies with TIA § 313(a). The Trustee also shall comply with TIA § 313(b)(2) to the extent applicable. The Trustee shall also transmit by mail all reports as required by TIA
§ 313(c) and TIA § 313(d). 

  
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 Reports pursuant to this Section 7.06 shall be transmitted by mail:

 (1) to all Holders of Securities, as the names and addresses of such Holders appear on the
Registrar’s books; and 
 (2) to such Holders of Securities as have, within the two years
preceding such transmission, filed their names and addresses with the Trustee for that purpose. 
 A copy of
each report at the time of its mailing to Holders shall be filed with the Commission and each stock exchange on which the Securities are listed. The Company shall promptly notify the Trustee when the Securities are listed on any stock exchange or
delisted therefrom. 
 SECTION 7.07. Compensation and Indemnity. 

The Company shall pay to the Trustee and Agents from time to time such compensation for their services hereunder (which
compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) as shall be agreed upon in writing. The Company shall reimburse the Trustee and Agents upon request for all reasonable
disbursements, expenses and advances incurred or made by them in connection with the Trustee’s duties under this Indenture, including the reasonable compensation, disbursements and expenses of the Trustee’s agents and external counsel,
except any expense disbursement or advance as may be attributable to its willful misconduct or negligence. 

The Company shall fully indemnify each of the Trustee and any predecessor Trustee for, and hold each of them harmless
against, any and all loss, damage, claim, liability or expense, including without limitation taxes (other than taxes based on the income of the Trustee or such Agent) and reasonable attorneys’ fees and expenses incurred by each of them in
connection with the acceptance or performance of its duties under this Indenture including the reasonable costs and expenses of defending itself against any claim (whether asserted by the Company, any Holder or any other Person) or liability in
connection with the exercise or performance of any of its rights, powers or duties hereunder (including, without limitation, settlement costs) or in connection with enforcing the provisions of this Section 7.07. The Trustee or Agent shall
notify the Company in writing promptly of any claim of which a Responsible Officer of the Trustee has actual knowledge asserted against the Trustee or Agent for which it may seek indemnity; provided that the failure by the Trustee or Agent to
so notify the Company shall not relieve the Company of its obligations hereunder except to the extent the Company is actually prejudiced thereby. 
 The Trustee shall have the right to employ separate counsel in any such action or proceeding and participate in the investigation and defense thereof, and the Company shall pay the reasonable fees and
expenses of such separate counsel. 
 Notwithstanding the foregoing, the Company need not reimburse the Trustee
for any expense or indemnify it against any loss or liability to have been incurred by the Trustee through its own willful misconduct, gross negligence or bad faith. 

To secure the payment obligations of the Company to the Trustee in this Section 7.07 or otherwise pursuant to this
Indenture, the Trustee shall have a lien prior to the Securities on all money or property held or collected by the Trustee and such money or property held in trust to pay principal of and interest on particular Securities. 

The obligations of the Company under this Section 7.07 to compensate and indemnify the Trustee, Agents and each
predecessor Trustee and to pay or reimburse the Trustee, Agents and each predecessor Trustee for expenses, disbursements and advances shall be the liability of the Company and shall survive the resignation or removal of the Trustee and the
satisfaction, discharge or other termination of this Indenture, including any termination or rejection hereof under any Bankruptcy Law. 
 When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.01(4) or (5) occurs, the expenses and the compensation for the services are intended to
constitute expenses of administration under any Bankruptcy Law. 
 For purposes of this Section 7.07, the
term “Trustee” shall include any trustee appointed pursuant to this Article Seven. 

  
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 SECTION 7.08. Replacement of Trustee. 

The Trustee may resign by so notifying the Company in writing no later than 15 Business Days prior to the date of the
proposed resignation. The Holders of a majority in principal amount of the outstanding Securities of any series may remove the Trustee of such series by notifying the Company and the removed Trustee of such series in writing and may appoint a
successor Trustee with the Company’s written consent, which consent shall not be unreasonably withheld. The Company may remove the Trustee at its election if: 

(1) the Trustee fails to comply with Section 7.10 of this Indenture or Section 310 of the TIA;

 (2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief entered with
respect to the Trustee under Bankruptcy Law; 
 (3) a receiver or other public officer takes
charge of the Trustee or its property; and 
 (4) the Trustee otherwise becomes incapable of
acting. 
 If the Trustee resigns or is removed with respect to the Securities of one or more series or if a
vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint a successor Trustee with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to
the Securities of any particular series and shall comply with the applicable requirements of Section 7.10. 

If a successor Trustee with respect to the Securities of any series does not take office within 60 days after the
retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of a majority in principal amount of the outstanding Securities of such series may petition at the expense of the Company any court of competent jurisdiction,
in the case of the Trustee, for the appointment of a successor Trustee. 
 If the Trustee fails to comply with
Section 7.10, any Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Immediately following such delivery, the retiring Trustee shall, subject to its rights
under Section 7.07, transfer all property held by it as Trustee to the successor Trustee, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the
Trustee under this Indenture. A successor Trustee shall mail notice of its succession to each Holder of the affected Securities. Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations under
Section 7.07 shall continue for the benefit of the retiring Trustee. 
 In case of the appointment
hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an
indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the
rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all
Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring
Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by
more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and
apart from any trust or trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture, and such other provisions as shall protect the retiring Trustee from claims hereunder and protect
the repayment of series owed to such retiring Trustee, the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee,

  
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without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to
which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring
Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates. 
 SECTION 7.09. Successor Trustee by Consolidation, Merger, etc. 
 If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust assets to, another corporation, subject to Section 7.10, the successor
corporation without any further act shall be the successor Trustee; provided such entity shall be otherwise qualified and eligible under this Article Seven. 

SECTION 7.10. Eligibility; Disqualification. 

This Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and
(5) in every respect. The Trustee (together with its corporate parent) shall have a combined capital and surplus of at least $50 million as set forth in the most recent applicable published annual report of condition. The Trustee shall comply
with TIA § 310(b), including the provision in § 310(b)(1); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any series of Securities under this Indenture and any indenture
or indentures under which other securities or certificates of interest or participation in other securities of the Company are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met. 

SECTION 7.11. Preferential Collection of Claims Against Company. 

The Trustee shall comply with TIA § 311(a), excluding any creditor relationship listed in TIA
§ 311(b). A Trustee who has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated therein. 
 SECTION 7.12. Paying Agents. 
 The Company shall cause each
Paying Agent other than the Trustee to execute and deliver to it and the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section 7.12: 

(A) that it will hold all sums held by it as agent for the payment of principal of, or premium, if any, or
interest on, the Securities (whether such sums have been paid to it by the Company or by any obligor on the Securities) in trust for the benefit of Holders of the Securities or the Trustee; 

(B) that it will at any time during the continuance of any Event of Default, upon written request from the
Trustee, deliver to the Trustee all sums so held in trust by it together with a full accounting thereof; and 
 (C) that it will give the Trustee written notice within three (3) Business Days of any failure of the Company (or by any obligor on the Securities) in the payment of any installment of the principal
of, premium, if any, or interest on, the Securities when the same shall be due and payable. 
 ARTICLE VIII 

MODIFICATION AND WAIVER 
 SECTION 8.01. Without Consent of Holders. 
 The Company and
the Trustee may modify and amend this Indenture without the consent of any Holder, for any of the following purposes: 
 (i) to evidence the assumption by a Successor Company of the covenants in this Indenture and series of Securities in compliance with Section 5.01; 

  
 29 

 (ii) to add to the covenants of the Company for the benefit
of the Holders of the Securities or to surrender any right or power conferred upon the Company; 

(iii) to add additional Events of Default; 

(iv) to establish the form or terms of a new series of Securities under this Indenture as permitted by
Section 2.01 and Section 2.02; 
 (v) to provide for uncertificated Securities in
addition to or in place of certificated Securities; 
 (vi) to comply with any requirement of the
Commission in connection with the qualification of this Indenture under the Trust Indenture Act; 

(vii) to evidence and provide the acceptance of the appointment of a successor Trustee under
Section 7.08; 
 (viii) to cure any ambiguity, defect or inconsistency in this Indenture or
to correct a manifest error; 
 (ix) to guarantee or secure the Securities under this Indenture;

 (x) to make any change that does not adversely affect the interests of any Holder of any
series of the Securities in any material respect; 
 (xi) to release any guarantee in accordance
with the terms of the Indenture; or 
 (xii) to add to, change or eliminate any of the provisions
of this Indenture in respect of one or more series of Securities, provided that any such addition, change or elimination (A) shall neither (i) apply to any Security of any series created prior to the execution of such supplemental
indenture and entitled to the benefit of such provision nor (ii) modify the rights of the Holder of any such Security with respect to such provision or (B) shall become effective only when there is no such Security outstanding. 

SECTION 8.02. With Consent of Holders. 

(a) This Indenture may be amended with the consent of the registered Holders of a majority in aggregate principal amount
of the then outstanding Securities of each series affected by the amendment voting as one class (including consents obtained in connection with a tender offer or exchange offer for such Securities), and any past Default or compliance with any
provisions may also be waived (except a Default in the payment of principal, premium or interest and under Section 8.02(b) below) with the consent of the registered Holders of at least a majority in aggregate principal amount of the then
outstanding Securities of the affected series voting as one class. 
 (b) However, without the consent of each
Holder of an outstanding Security of the affected series, no amendment may, 
 (i) change the
Stated Maturity of the Securities or the time when the Securities may or shall be redeemed; 

(ii) reduce the principal amount of, or any premium or interest rate on, or any premium payable upon the
redemption of any Security; 
 (iii) extend the time for payment of interest on the Securities;

 (iv) impair the right to institute suit for the enforcement of any payment on or after the
stated maturity of any Security (or in the case of redemption, on or after the redemption date of any Security); 
 (v) affect adversely the terms, if any, of conversion of any Security into the Company’s Capital Stock or other securities or of any other corporation; 

(vi) reduce the percentage in principal amount of the then outstanding Securities of any series, the
consent of whose Holders is required for any such amendment, supplement or any waiver (in compliance with certain provisions of this Indenture or certain Defaults hereunder and their consequences) provided for in this Indenture; or 

  
 30 

 (vii) modify any of the foregoing provisions or the
provisions for the waiver of certain covenants and Defaults, except to increase any applicable percentage of the aggregate principal amount of outstanding Securities, the consent of the Holders of which is required or to provide with respect to any
particular series the right to condition the effectiveness of any amendment, supplement or waiver as to that series on the consent of the Holders of a specified percentage of the aggregate principal amount of outstanding Securities of such series or
to provide that certain other provisions of the Indenture cannot be modified or waived without the consent of the Holder of each outstanding Security affected thereby. 

(c) The consent of the Holders of the Securities shall not be necessary to approve the particular form of any proposed
amendment. It shall be sufficient if such consent approves the substance of the proposed amendment. 
 (d) After
an amendment that requires the consent of the Holders of the affected Securities becomes effective, the Company shall mail to each registered Holder of the affected Securities at such Holder’s address appearing in the security register a notice
briefly describing such amendment. However, the failure to give such notice to all Holders of such Securities, or any defect therein, shall not impair or affect the validity of the amendment. 

(e) Upon the written request of the Company accompanied by a Board Resolution authorizing the execution of any such
supplemental indenture, and upon the receipt by the Trustee of evidence not unsatisfactory to the Trustee of the consent of the Holders as aforesaid and upon receipt by the Trustee of the documents described in Section 8.06, the Trustee shall
join with the Company in the execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture, in which case the Trustee may, but shall not be obligated to,
enter into such supplemental indenture. 
 SECTION 8.03. Compliance with Trust Indenture Act. 

Every amendment or supplement to this Indenture or the Securities shall comply with the TIA as then in effect.

 SECTION 8.04. Revocation and Effect of Consents. 

(a) After an amendment, supplement, waiver or other action becomes effective, a consent to it by a Holder of a Security
is a continuing consent conclusive and binding upon such Holder and every subsequent Holder of the same Security or portion thereof, and of any Security issued upon the transfer thereof or in exchange therefor or in place thereof, even if notation
of the consent is not made on any such Security. 
 (b) The Company may, but shall not be obligated to, fix a
record date for the purpose of determining the Holders entitled to consent to any amendment, supplement, or waiver. If a record date is fixed, then, notwithstanding the preceding paragraph, those Persons who were Holders at such record date (or
their duly designated proxies), and only such Persons, shall be entitled to consent to such amendment, supplement, or waiver or to revoke any consent previously given, whether or not such Persons continue to be Holders after such record date. No
such consent shall be valid or effective for more than 90 days after such record date unless the consent of the requisite number of Holders has been obtained. 
 SECTION 8.05. Notation on or Exchange of Securities. 
 If
an amendment, supplement, or waiver changes the terms of a Security, the Trustee (in accordance with the specific written direction of the Company) shall request the Holder of the Security (in accordance with the specific written direction of the
Company) to deliver it to the Trustee. In such case, the Trustee shall place an appropriate notation on the Security about the changed terms and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the Company in
exchange for the Security shall issue and the Trustee shall authenticate a new Security that reflects the changed terms. Failure to make the appropriate notation or issue a new Security shall not affect the validity and effect of such amendment,
supplement or waiver. 

  
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 SECTION 8.06. Trustee To Sign Amendments, etc. 

The Trustee shall sign any amendment, supplement or waiver authorized pursuant to this Article Eight if the amendment,
supplement or waiver does not affect the rights, duties, liabilities or immunities of the Trustee. If it does affect the rights, duties, liabilities or immunities of the Trustee, the Trustee may, but need not, sign such amendment, supplement or
waiver. In signing or refusing to sign any such amendment, supplement or waiver, the Trustee shall be entitled to receive and, subject to Section 7.01, shall be fully protected in relying upon an Officers’ Certificate and an Opinion of
Counsel stating, in addition to the matters required by Section 10.04, that such amendment, supplement or waiver is authorized or permitted by this Indenture and is a legal, valid and binding obligation of the Company, enforceable against the
Company in accordance with its terms (subject to customary exceptions). 
 ARTICLE IX 

DISCHARGE OF INDENTURE; DEFEASANCE 
 SECTION 9.01. Discharge of Liability on Securities; Defeasance. 
 (a) This Indenture shall be discharged and shall cease to be of further effect as to all Securities issued hereunder when: 

(i) either (x) all the Securities that have been authenticated, except lost, stolen or destroyed
Securities that have been replaced or paid and Securities for whose payment money has been deposited in trust and thereafter repaid to the Company, have been delivered to the Trustee for cancellation; or (y) all the Securities that have not
been delivered to the Trustee for cancellation have become due and payable by reason of the mailing of a notice of redemption or otherwise or will become due and payable within one year and the Company has irrevocably deposited or caused to be
deposited with the Trustee as trust funds in trust solely for the benefit of the Holders of the affected Securities, cash in U.S. dollars, non-callable Government Obligations, or a combination of cash in U.S. dollars and non-callable Government
Obligations, in amounts as will be sufficient without consideration of any reinvestment of interest, to pay and discharge the entire indebtedness on the Securities not delivered to the Trustee for cancellation for principal, premium, if any, and
accrued interest to the date of maturity or redemption; 
 (ii) the Company has paid or caused to
be paid all sums payable by it under this Indenture; and 
 (iii) the Company has delivered
irrevocable instructions to the Trustee under this Indenture to apply the deposited money toward the payment of the Securities at maturity or the redemption date. 
 In addition, the Company shall deliver an Officers’ Certificate and an Opinion of Counsel to the Trustee, upon which the Trustee may conclusively rely, stating that (i) all conditions precedent
to satisfaction and discharge have been satisfied at the cost and expense of the Company, (ii) no Default with respect to the Securities has occurred and is continuing and (iii) such deposit does not result in a breach or violation of, or
constitute a default under, the Indenture or any other agreement or instrument to which the Company is a party. 

(b) Subject to Sections 9.01(c) and 9.02, the Company may at any time elect to terminate some or all of its
obligations under the outstanding Securities and this Indenture (hereinafter, “Legal Defeasance”) except for obligations under Sections 2.04, 2.07 and 2.08 and obligations under the TIA. The Company may terminate its
obligations under Section 6.01(4) and (5) on a date the conditions set forth in Section 9.02 are satisfied (hereinafter, “Covenant Defeasance”) and thereafter, any omission to comply with any covenant referred to
above will not constitute a Default or an Event of Default with respect to the Securities. The Company may exercise its Legal Defeasance option notwithstanding its prior exercise of its Covenant Defeasance option. 

(c) If the Company exercises its Legal Defeasance option, payment of the Securities, may not be accelerated because of an
Event of Default with respect thereto. 

  
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 (d) Upon satisfaction of the conditions set forth herein and upon request of
the Company, the Trustee shall acknowledge in writing the discharge of those obligations that the Company terminates. 
 (e) Notwithstanding clauses (a) and (b) above, the Company’s obligations in Sections 2.04, 2.05, 2.07, 2.08, 7.07, 9.05 and 9.06 shall survive until such time as the Securities have
been paid in full. Thereafter, the Company’s obligations in Sections 7.07, 9.05 and 9.06 shall survive. 
 SECTION 9.02. Conditions to Defeasance. 
 The Legal
Defeasance option or the Covenant Defeasance option, in Section 9.01 may be exercised only if: 
 (a) the Company irrevocably deposits in trust with the Trustee money or Government Obligations, or a combination thereof, for the payment of principal of and interest on the Securities to maturity or
redemption; 
 (b) the Company delivers to the Trustee a certificate from a nationally recognized
investment bank, appraisal firm, or firm of independent certified public accountants expressing their opinion that the payments of principal, premium, if any, and interest when due and without reinvestment on the deposited Government Obligations
plus any deposited money without investment will provide cash at such times and in such amounts as will be sufficient to pay principal, premium, if any, and interest when due on all the Securities to maturity or redemption; 

(c) 93 days pass after the deposit is made and during the 93-day period no Default described in
Section 6.01(4) or Section 6.01(5) occurs with respect to the Company or any other Person making such deposit which is continuing at the end of the period; 

(d) no Default or Event of Default has occurred and is continuing on the date of such deposit and after
giving effect thereto; 
 (e) the Company delivers to the Trustee an Opinion of Counsel upon
which the Trustee may conclusively rely, to the effect that the trust resulting from the deposit does not constitute, or is not qualified as, a regulated investment company under the Investment Company Act of 1940; 

(f) in the case of an election of Legal Defeasance under Section 9.01, the Company delivers to the
Trustee an Opinion of Counsel upon which the Trustee may conclusively rely, stating that: 
 (1)
the Company has received from, or there has been published by, the Internal Revenue Service a ruling; or 
 (2) since the date of this Indenture there has been a change in the applicable U.S. Federal income tax law, to the effect, in either case, that, and based thereon such Opinion of Counsel shall confirm
that, the Holders of the affected Securities will not recognize income, gain or loss for U.S. Federal income tax purposes as a result of such Legal Defeasance election and will be subject to U.S. Federal income tax on the same amounts, in the same
manner and at the same time as would have been the case if such election has not occurred; 
 (g)
in the case of an election of Covenant Defeasance under Section 9.01, the Company delivers to the Trustee an Opinion of Counsel upon which the Trustee may conclusively rely, to the effect that the Holders of the affected Securities will not
recognize income, gain or loss for U.S. Federal income tax purposes as a result of such Covenant Defeasance and will be subject to U.S. Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if
such election had not occurred; and 
 (h) the Company delivers to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that all conditions precedent to an election under 9.01 have been complied with as required by this Indenture. 

  
 33 

 SECTION 9.03. Deposited Money and Government Obligations To Be Held in
Trust; Other Miscellaneous Provisions. 
 All money and Government Obligations (including the proceeds
thereof) deposited with the Trustee pursuant to Section 9.02(a) in respect of the outstanding Securities shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment,
either directly or through any Paying Agent, to the Holders of such Securities, of all sums due and to become due thereon in respect of principal, premium, if any, and accrued interest, but such money need not be segregated from other funds except
to the extent required by law. 
 The Company shall pay and indemnify the Trustee against any tax, fee or other
charge imposed on or assessed against the Government Obligations deposited pursuant to Section 9.02(a) or the principal, premium, if any, and interest received in respect thereof other than any such tax, fee or other charge which by law is for
the account of the Holders of the outstanding Securities. 
 Anything in this Article Nine to the contrary
notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon a request of the Company any money or Government Obligations held by it as provided in Section 9.02(a) which, in the opinion of a nationally recognized
investment bank, appraisal firm, or firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect an
equivalent Legal Defeasance or Covenant Defeasance. 
 SECTION 9.04. Reinstatement. 

If the Trustee or Paying Agent is unable to apply any money or Government Obligations in accordance with
Section 9.01 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under this Indenture
and the Securities shall be revived and reinstated as though no deposit had occurred pursuant to this Article Nine until such time as the Trustee or Paying Agent is permitted to apply all such money or Government Obligations in accordance with
Section 9.01; provided that if the Company has made any payment of principal of, premium, if any, or accrued interest on any Securities because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the
Holders of such Securities to receive such payment from the money or Government Obligations held by the Trustee or Paying Agent. 
 SECTION 9.05. Moneys Held by Paying Agent. 
 In connection
with the satisfaction and discharge of this Indenture, all moneys then held by any Paying Agent under the provisions of this Indenture shall, upon written demand of the Company, be paid to the Trustee, or if sufficient moneys have been deposited
pursuant to Section 9.02(a), to the Company upon a request of the Company, and thereupon the Paying Agent shall be released from all further liability with respect to such moneys. 

SECTION 9.06. Moneys Held by Trustee. 

Any moneys deposited with the Trustee or any Paying Agent or then held by the Company in trust for the payment of the
principal of, or premium, if any, or interest on any Security that are not applied but remain unclaimed by the Holder of such Security for two years after the date upon which the principal of, or premium, if any, or interest on such Security shall
have respectively become due and payable shall be repaid to the Company upon a request of the Company, subject to compliance with applicable abandoned property law, or if such moneys are then held by the Company in trust, such moneys shall be
released from such trust; and the Holder of such Security entitled to receive such payment shall thereafter, as an unsecured general creditor, look solely to the Company for the payment thereof, and all liability of the Trustee or the Paying Agent
with respect to such trust money shall thereupon cease; provided that the Trustee or the Paying Agent, before being required to make any such repayment, may, at the expense of the Company either mail to each Holder affected, at the address
shown in the register of the Securities maintained by the Registrar pursuant to Section 2.04, or cause to be published once a week for two successive weeks, in a newspaper published in the English language, customarily published each Business
Day and of general circulation in the City of New York, New York, a notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such mailing or publication, any unclaimed
balance of such moneys then remaining will be repaid to the Company. After payment to the Company or the release of any money held in trust by the Company, Holders entitled to the money must look only to the Company for payment as general creditors.

  
 34 

 ARTICLE X 
 SUBORDINATION 
 SECTION 10.01. Agreement to Subordinate.

 The Company agrees, and each Holder by accepting a Security agrees, that the indebtedness evidenced by the
Securities is subordinated in right of payment, to the extent and in the manner provided in this Article, to the prior payment in full of all Senior Debt and that the subordination is for the benefit of the holders of Senior Debt. 

SECTION 10.02. Liquidation; Dissolution; Bankruptcy. 

Upon any distribution to creditors of the Company in a liquidation or dissolution of the Company or in a bankruptcy,
reorganization, insolvency, receivership or similar proceeding relating to the Company or its property: 
 (1) holders of Senior
Debt shall be entitled to receive payment in full in cash of the principal of and interest (including interest accruing after the commencement of any such proceeding) to the date of payment on the Senior Debt before Holders shall be entitled to
receive any payment of principal of or interest on Securities; 
 (2) until the Senior Debt is paid in full in cash, any
distribution to which Holders would be entitled but for this Article shall be made to holders of Senior Debt as their interests may appear, except that Holders may receive securities that are subordinated to Senior Debt to at least the same extent
as the Securities; and 
 (3) the Trustee is entitled to rely upon an order or decree of a court of competent jurisdiction or a
certificate of a bankruptcy trustee or other similar official for the purpose of ascertaining the persons entitled to participate in such distribution, the holders of Senior Debt and other Company debt, the amount thereof or payable thereon and all
other pertinent facts relating to the Trustee’s obligations under this Article Ten. 
 SECTION 10.03.
Default on Senior Debt. 
 The Company may not pay principal of or interest on the Securities and may not
acquire any Securities for cash or property other than capital stock of the Company if: 
 (1) a default on Senior Debt occurs
and is continuing that permits holders of such Senior Debt to accelerate its maturity, and 
 (2) the default is the subject of
judicial proceedings or the Company receives a notice of the default from a person who may give it pursuant to Section 10.11. If the Company receives any such notice, a similar notice received within nine months thereafter relating to the same
default on the same issue of Senior Debt shall not be effective for purposes of this Section. 
 The Company may resume payments on the
Securities and may acquire them when: 
  

	(3)	 the default is cured or waived, or 

  

	(4)	 120 days pass after the notice is given if the default is not the subject of judicial proceedings, 

if this Article otherwise permits the payment or acquisition at that time. 

SECTION 10.04. Acceleration of Securities. 

If payment of the Securities is accelerated because of an Event of Default, the Company shall promptly notify holders of
Senior Debt of the acceleration. The Company may pay the Securities when 120 days pass after the acceleration occurs if this Article permits the payment at that time. 

  
 35 

 SECTION 10.05. When Distribution Must Be Paid Over. 

If a distribution is made to Holders that because of this Article should not have been made to them, the Holders who
receive the distribution shall hold it in trust for holders of Senior Debt and pay it over to them as their interests may appear. 
 SECTION 10.06. Notice by the Company. 
 The Company shall
promptly notify the Trustee and any Paying Agent of any facts known to the Company that would cause a payment of principal of or interest on Securities to violate this Article. 

SECTION 10.07. Subrogation. 

After all Senior Debt is paid in full and until the Securities are paid in full, Holders shall be subrogated to the
rights of holders of Senior Debt to receive distributions applicable to Senior Debt to the extent that distributions otherwise payable to the Holders have been applied to the payment of Senior Debt. A distribution made under this Article to holders
of Senior Debt which otherwise would have been made to Holders is not, as between the Company and Holders, a payment by the Company on Senior Debt. 
 SECTION 10.08. Relative Rights. 
 This Article defines the
relative rights of Holders and holders of Senior Debt. Nothing in this Indenture shall: 
 (1) impair, as between the Company and
Holders, the obligation of the Company, which is absolute and unconditional, to pay principal of and interest on the Securities in accordance with their terms; 
  

	(2)	 affect the relative rights of Holders and creditors of the Company other than holders of Senior Debt; or 

(3) prevent the Trustee or any Holder from exercising its available remedies upon an Event of Default, subject to the rights of holders of
Senior Debt to receive distributions otherwise payable to Holders. 
 If the Company fails because of this Article to pay
principal of or interest on a Security on the due date, the failure is still a default. 
 SECTION 10.09.
Subordination May Not Be Impaired by the Company. 
 No right of any holder of Senior Debt to enforce the
subordination of the indebtedness evidenced by the Securities shall be impaired by any act or failure to act by the Company or by its failure to comply with this Indenture. 

SECTION 10.10. Distribution or Notice to Representative. 

Whenever a distribution is to be made or a notice given to holders of Senior Debt, the distribution may be made and the
notice given to their Representative. 
 SECTION 10.11. Rights of Trustee and Paying Agent. 

The Trustee or any Paying Agent may continue to make payments on the Securities until it receives written notice of facts
that would cause a payment of principal of or interest on the Securities to violate this Article. Only the Company, a Representative or a holder of an issue of Senior Debt that has no Representative may give the written notice. 

The Trustee has no fiduciary duty to the holders of Senior Debt other than as created under this Indenture. The Trustee
in its individual or any other capacity may hold Senior Debt with the same rights it would have if it were not Trustee. 
 The Company’s obligation to pay, and the Company’s payment of, the Trustee’s fees pursuant to Section 7.07 are excluded from the operation of this Article Ten. 

  
 36 

 ARTICLE XI 
 MISCELLANEOUS 
 SECTION 11.01. Trust Indenture Act
Controls. 
 If any provision of this Indenture limits, qualifies or conflicts with another provision which
is required to be included in this Indenture by the TIA, the required provision shall control. If any provision of this Indenture modifies any TIA provision that may be so modified, such TIA provision shall be deemed to apply to this Indenture as so
modified. If any provision of this Indenture excludes any TIA provision that may be so excluded, such TIA provision shall be excluded from this Indenture. 
 The provisions of TIA §§ 310 through 317 that impose duties on any Person (including the provisions automatically deemed included unless expressly excluded by this Indenture) are a part of
and govern this Indenture, whether or not physically contained herein. 
 SECTION 11.02. Notices.

 Except for notice or communications to Holders, any notice or communication shall be given in writing and
when received if delivered in person, when receipt is acknowledged if sent by facsimile, on the next Business Day if timely delivered by a nationally recognized courier service that guarantees overnight delivery or two Business Days after deposit if
mailed by first-class mail, postage prepaid, addressed as follows: 
 If to the Company: 

Briggs & Stratton Corporation 

12301 West Wirth Street 
 Wauwatosa, Wisconsin 53222 
 Attn: General Counsel 

With a copy to: 
 Quarles & Brady LLP 
 411 East Wisconsin Avenue

 Milwaukee, Wisconsin 53202 

Attn: Fredrick G. Lautz 
          Ryan P. Morrison 
 If to the Trustee, Registrar or Paying Agent: 
 Mailing Address:

 ____________________________ 

____________________________ 
 ____________________________ 
 Fax:
                                         
        
 Such notices or communications shall be effective when received
and shall be sufficiently given if so given within the time prescribed in this Indenture. 
 The Company or the
Trustee by written notice to the others may designate additional or different addresses for subsequent notices or communications. 
 Any notice or communication mailed to a Holder shall be mailed to such Holder by first-class mail, postage prepaid, at his address shown on the register kept by the Registrar. 

Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect
to other Holders. If a notice or communication to a Holder is mailed in the manner provided above, it shall be deemed duly given, whether or not the addressee receives it. 

  
 37 

 In case by reason of the suspension of regular mail service, or by reason of
any other cause, it shall be impossible to mail any notice as required by this Indenture, then such method of notification as shall be made with the approval of the Trustee shall constitute a sufficient mailing of such notice. 

The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by unsecured e-mail,
facsimile transmission or other similar unsecured electronic methods; provided, however, that (a) the party providing such written instructions, subsequent to such transmission of written instructions, shall provide the originally
executed instructions or directions to the Trustee in a timely manner, and (b) such originally executed instructions or directions shall be signed by an authorized representative of the party providing such instructions or directions. If the
party elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions shall be
deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and actions pursuant to such instructions. The party providing electronic instructions agrees
to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk or interception and
misuse by third parties. 
 Notwithstanding anything to the contrary contained herein, as long as the Securities
are in the form of a Global Security, notice to the Holders may be made electronically in accordance with Applicable Procedures. 
 SECTION 11.03. Communications by Holders with Other Holders. 
 Holders may communicate pursuant to TIA § 312(b) with other Holders with respect to their rights under this Indenture or the Securities. The Company, the Trustee, the Registrar and anyone else
shall have the protection of TIA § 312(c). 
 SECTION 11.04. Certificate and Opinion as to
Conditions Precedent. 
 Upon any request or application by the Company to the Trustee to take any action
under this Indenture, the Company shall furnish to the Trustee upon which the Trustee may conclusively rely: 
 (1) an Officers’ Certificate (which shall include the statements set forth in Section 10.05 below) stating that, in the opinion of the signers, all conditions precedent, if any, provided for in
this Indenture relating to the proposed action have been complied with; and 
 (2) an Opinion of
Counsel (which shall include statements to a similar effect as those set forth in Section 10.05(1), (2) and (3) below) stating that, in the opinion of such counsel, all such conditions precedent have been complied with (to the
extent such conditions precedent involve legal conclusions). 
 SECTION 11.05. Statements Required in
Certificate and Opinion. 
 Each certificate with respect to compliance by or on behalf of the Company with
a condition or covenant provided for in this Indenture shall include: 
 (1) a statement that the
Person making such certificate or opinion has read such covenant or condition; 
 (2) a brief
statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

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

  
 38 

 SECTION 11.06. Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or meetings of Holders. The Registrar and Paying Agent may make
reasonable rules for their functions. 
 SECTION 11.07. Legal Holidays. 

A “Legal Holiday” is a Saturday, a Sunday or other day on which (i) the Trustee or commercial banks
in the City of New York are authorized or required by law to close or (ii) the New York Stock Exchange is not open for trading. If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding
day that is not a Legal Holiday, and no interest shall accrue for the intervening period. 
 SECTION 11.08.
Governing Law. 
 This Indenture and the Securities shall be governed by and construed in accordance with
the laws of the State of New York. 
 SECTION 11.09. No Adverse Interpretation of Other Agreements.

 This Indenture may not be used to interpret another indenture, loan, security or debt agreement of the
Company. No such indenture, loan, security or debt agreement may be used to interpret this Indenture. 
 SECTION
11.10. Successors. 
 All agreements of the Company in this Indenture and the Securities shall bind their
respective successors. All agreements of the Trustee, any additional trustee and any Paying Agents in this Indenture shall bind its successor. 
 SECTION 11.11. Multiple Counterparts. 
 The parties may
sign multiple counterparts of this Indenture. Each signed counterpart shall be deemed an original, but all of them together represent one and the same agreement. 

SECTION 11.12. Table of Contents, Headings, etc. 

The table of contents, cross-reference sheet and headings of the Articles and Sections of this Indenture have been
inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof. 

SECTION 11.13. Separability. 

Each provision of this Indenture shall be considered separable and if for any reason any provision which is not essential
to the effectuation of the basic purpose of this Indenture or the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 SECTION 11.14. Waiver of Jury Trial. 

EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND
ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

  
 39 

 SECTION 11.15. Force Majeure. 

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

  
 40 

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

							
	 BRIGGS & STRATTON CORPORATION

			
	  By:	 	  
	 	
		 	Name:	 	  
	 	
		 	Title:	 	  
	 	
		
	 	 	,
	 as Trustee
	 	
			
	  By:	 	  
	 	
		 	Name:	 	  
	 	
		 	Title:	 	  
	 	

  
 41 

 EXHIBIT A-1 
 [If the Security is an Original Issue Discount Security, insert— THIS SECURITY IS ISSUED WITH ORIGINAL ISSUE DISCOUNT FOR PURPOSES OF SECTION 1271 et seq. OF THE INTERNAL REVENUE CODE.
FOR EACH $[1,000] PRINCIPAL AMOUNT AT MATURITY OF THIS SECURITY, THE ISSUE PRICE IS $[            ] AND THE AMOUNT OF ORIGINAL ISSUE DISCOUNT IS
$[            ]. THE ISSUE DATE OF THIS SECURITY IS [            ] AND THE YIELD TO MATURITY IS
[        ]%.] 
 CUSIP 
 BRIGGS & STRATTON CORPORATION 
 No. $ 

[            ] % [SECURITY] DUE 20[    ] 

BRIGGS & STRATTON CORPORATION, a Wisconsin corporation, as issuer (the “Company”), for value
received, promises to pay to CEDE & CO. or registered assigns the principal sum of [            ] on [            ],
20[    ]. 
 Interest Payment Dates:
[            ] and [            ]. 
 Record Dates: [            ] and [            ]. 

Reference is made to the further provisions of this Security contained herein, which will for all purposes have the same
effect as if set forth at this place. 

  
 A-1-1

 IN WITNESS WHEREOF, the Company has caused this Security to be signed
manually or by facsimile by one of its duly authorized officers. 
  

					
	 BRIGGS & STRATTON CORPORATION

		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  
 A-1-2

 Certificate of Authentication 

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

 

							
		
	  
	 	,
	as Trustee	 	
			
	By:	 	  
	 	
		 	Authorized Signatory	 	

 Dated: 

  
 A-1-3

 [FORM OF REVERSE OF SECURITY] 

BRIGGS & STRATTON CORPORATION 
 [        ]%[SECURITY] DUE 20[    ] 
 1. Interest. BRIGGS & STRATTON CORPORATION, a Wisconsin corporation, as issuer (the “Company”), promises to pay, until the principal hereof is paid or made available for
payment, interest on the principal amount set forth on the face hereof at a rate of [    ]% per annum. Interest hereon will accrue from and including the most recent date to which interest has been paid or, if no interest has
been paid, from and including [    ] to but excluding the date on which interest is paid. Interest shall be payable in arrears on each [    ] and [    ], commencing
[    ]. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months. The Company shall pay interest on overdue principal and on overdue interest (to the full extent permitted by law) at the rate
borne by the Securities. 
 2. Method of Payment. The Company will pay interest hereon (except defaulted
interest) to the Persons who are registered Holders at the close of business on [            ] and [            ] immediately
preceding the interest payment date (whether or not a Business Day). Holders must surrender Securities to a Paying Agent to collect principal payments. The Company will pay to the Paying Agent principal and interest in money of the United States of
America that at the time of payment is legal tender for payment of public and private debts. If a Holder has given wire transfer instructions to the Company, the Company may pay, or cause to be paid by the Paying Agent, all principal, interest on
that Holder’s Securities in accordance with those instructions. All other payments on the Securities will be made at the office or agency of the Paying Agent and Registrar unless the Company elects to make interest payments by check mailed to
the Holders at their address set forth in the register of Holders. 
 3. Paying Agent and Registrar.
Initially,                    (the “Trustee”) will act as a Paying Agent and Registrar. The Company may change any Paying Agent or
Registrar without notice to the Holders. The Company or any of its Subsidiaries may act as Paying Agent or Registrar. 
 4. Indenture. This Security is of the series designated on the face hereof [limited in aggregate principal amount to $            ]. This
Security is one of a duly authorized issue of securities of the Company issued and to be issued in one or more series under an Indenture dated as of             ,
20[    ] (the “Indenture,” which term shall have the meaning assigned to it in such instrument) between the Company and the Trustee. This is one of an issue of Securities of the Company issued, or to be issued,
under the Indenture. The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb), as amended from time to time
(the “Trust Indenture Act”). The Securities are subject to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of them. Capitalized and certain other terms used herein and not
otherwise defined have the meanings set forth in the Indenture. 
 [5. If applicable, insert — Optional
Redemption. The Securities of this series are subject to redemption [if applicable, insert — [at any time] [on or after , 20    ], as a whole or in part, at the election of the Company at the Redemption Price equal
to            ]. The Company may provide in such notice that payment of such price and performance of the Company’s obligations with respect to such redemption or purchase may be
performed by another Person. Any such notice may, at the Company’s discretion, be subject to the satisfaction of one or more conditions precedent.] 
 [6. If applicable, insert — Redemption Procedures. The Trustee will select Securities called for redemption on a pro rata basis or on as nearly a pro rata basis as is practicable
(subject to procedures of the Depository); provided that no Securities of $[            ] or less shall be redeemed in part. A new Security of this series in principal amount equal
to the unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation of the original Security. Securities called for redemption pursuant to this paragraph 6 hereto become due on the date fixed for redemption. On and
after the date fixed for redemption, interest stops accruing on Securities or portions of them called for redemption.] 

  
 A-1-4

 [7. If applicable, insert — Notice of Redemption. Notices of
redemption shall be mailed by first class mail at least 30 but not more than 60 days before the redemption date to each Holder of Securities to be redeemed at its registered address. If any Security of this series is to be redeemed in part only, the
notice of redemption that relates to such Security shall state the portion of the principal amount thereof to be redeemed.] 
 [8. If the Security is not an Original Issue Discount Security, insert — If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the
Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture.] 
 [9. If the Security is an Original Issue Discount Security, insert — If an Event of Default with respect to the Securities of this series shall occur and be continuing, an amount of principal of the
Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. Such amount shall be equal to—insert formula for determining the amount. Upon payment (i) of the amount of principal so
declared due and payable and (ii) of interest on any overdue principal and overdue interest (in each case to the extent that the payment of such interest shall be legally enforceable), all of the Company’s obligations in respect of the
payment of the principal of and interest, if any, on the Securities of this series shall terminate.] 
 10.
Denominations, Transfer, Exchange. The Securities of this series are in registered form without coupons and in denominations of $[            ] and integral multiples of
$[            ]. A Holder may transfer or exchange Securities of this series in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and to pay to it any taxes and fees required by law or permitted by the Indenture. 
 11. Persons Deemed Owners. The registered Holder of this Security may be treated as the owner of this Security for all purposes. 

12. Unclaimed Money. If money for the payment of principal or interest remains unclaimed for two years, the
Trustee or Paying Agent will pay the money back to the Company at its written request, subject to applicable abandoned property law. After that, Holders entitled to the money must look to the Company for payment as general creditors. 

13. Amendment, Supplement, Waiver, Etc. The Company and the Trustee (if a party thereto) may, without the consent
of the Holders of any outstanding Securities, amend, waive or supplement the Indenture or the Securities for certain specified purposes, including, among other things, curing ambiguities, defects or inconsistencies, maintaining the qualification of
the Indenture under the Trust Indenture Act, as amended, providing for the assumption by a successor to the Company of its obligations under the Indenture and making any change that does not materially and adversely affect the rights of any Holder
of each series to be affected. Other amendments and modifications of the Indenture or the Securities of each series may be made by the Company and the Trustee with the consent of the Holders of Securities of such series of not less than a majority
of the aggregate principal amount of the outstanding Securities of such series, subject to certain exceptions requiring the consent of the Holders of the particular Securities of such series to be affected. 

14. Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the
Securities and the Indenture and the transaction complies with the terms of Article Five of the Indenture, the predecessor corporation will, except as provided in Article Five, be released from those obligations. 

15. Defaults and Remedies. Events of Default are set forth in the Indenture. Subject to certain limitations in the
Indenture, if an Event of Default (other than an Event of Default specified in Sections 6.01(4) and 6.01(5) of the Indenture) with respect to the Securities of this series occurs and is continuing, then, and in each and every such case, either
the Trustee, by notice in writing to the Company, or the Holders of not less than 25% of the principal amount of the Securities of this series then outstanding, by notice in writing to the Company and the Trustee, may declare due and payable, if not
already due and payable, the principal of and any accrued and unpaid interest on all of the Securities of this series; and upon any such declaration all such amounts upon such Securities shall become and be immediately due and payable, anything in
the Indenture or in the Securities to the contrary notwithstanding. If an Event of Default specified in Sections 6.01(4) and 6.01(5) of the Indenture occurs, then the principal of and any

  
 A-1-5

 
accrued and unpaid interest on all of the Securities of this series shall immediately become due and payable without any declaration or other act on the part of the Trustee or any Holder. Holders
may not enforce the Indenture or the Securities of this series except as provided in the Indenture. The Trustee may require indemnity satisfactory to it before it enforces the Indenture or the Securities of this series. Subject to certain
limitations, Holders of a majority in principal amount of the then outstanding Securities may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders notice of any continuing Default (except a Default in
payment of principal, premium, if any, or interest on the Securities of this series) if it determines that withholding notice is in their best interests. 
 16. Trustee Dealings with Company. Subject to certain limitations imposed by the Trust Indenture Act, the Trustee, in its individual or any other capacity, may make loans to, accept deposits from,
and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not Trustee. 
 17. No Recourse Against Others. No past, present or future director, officer, employee, incorporator, agent, member or stockholder or Affiliate of the Company, as such, shall have any liability for
any obligations of the Company under the Securities of this series, the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Securities of this series by accepting a Security of this
series waives and releases all such liabilities. The waiver and release are part of the consideration for issuance of the Securities of this series. 
 18. Discharge. The Company’s obligations pursuant to the Indenture with respect to Securities of this series will be discharged, except for obligations pursuant to certain sections thereof,
subject to the terms of the Indenture, upon the payment of all the Securities of this series or upon the irrevocable deposit with the Trustee of United States dollars or Government Obligations sufficient to pay when due principal of and interest on
the Securities of this series to maturity or redemption. 
 19. Authentication. This Security shall not
be valid until the Trustee signs the certificate of authentication on the other side of this Security. 
 20.
Governing Law. THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 21. Abbreviations. Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM
 (= tenants in common), TENANT (= tenants by the entireties), JT TEN (=joint
tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 
 The Company will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to: 

Briggs & Stratton Corporation 

12301 West Wirth Street 
 Wauwatosa, Wisconsin 53222 
 Attn: General Counsel 

With a copy to: 
 Quarles & Brady LLP 
 411 East Wisconsin Avenue

 Milwaukee, Wisconsin 53202 

Attn: Fredrick G. Lautz 
          Ryan P. Morrison 

  
 A-1-6

 ASSIGNMENT 

I or we assign and transfer this Security to:
                                        
                                         
                            
  

 
  
 (Insert assignee’s social security or tax I.D. number) 
  

 
  
 (Print or type name, address and zip code of assignee) 
 and
irrevocably appoint:
                                         
                                         
                                        

                      
           Agent to transfer this Security on the books of the Company. The Agent may substitute another to act for him. 

 

					
	Date:
                                         
                   	 		 	 Your Signature:

			
		 		 	  

		 		 	(Sign exactly as your name appears on the other side of this Security)

 Signature Guarantee:
                                        
                                     

SIGNATURE GUARANTEE 
 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer
Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934,
as amended. 

  
 A-1-7

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY 

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

 

									
	Date of Exchange	  	 Amount of decrease
 in Principal Amount
 of this Global

Security
	  	 Amount of increase

in Principal Amount
 of this
Global
 Security
	  	 Principal amount of

this Global Security
following such

decrease or increase
	  	 Signature of

authorized signatory
 of Trustee
or
 Custodian

 [Insert for Global Security] 

  
 A-1-8EX-4.15

 Exhibit 4.15 
 2007 STOCK INCENTIVE PLAN 

OF 
 LAM RESEARCH CORPORATION 

AS AMENDED AND RESTATED BY THE
BOARD OF DIRECTORS 
 ON 

MAY 17, 2013 
 1. Purpose of this Plan 
 The purpose of this 2007 Stock Incentive Plan is
to enhance the long-term stockholder value of Lam Research Corporation by offering opportunities to eligible individuals to participate in the growth in value of the equity of Lam Research Corporation. 

2. Definitions and Rules of Interpretation 
 2.1 Definitions. 
 This Plan uses the following defined terms: 

(a) “Administrator” means the Board, the Committee (including any subcommittee), another committee
of the Board or any officer or employee of the Company to whom the Board or the Committee delegates authority to administer this Plan. 
 (b) “Affiliate” means a “parent” or “subsidiary” (as each is defined in Section 424 of the Code) of the Company, and any other entity that
the Board or Committee designates as an “Affiliate” for purposes of this Plan. 
 (c) “Applicable
Law” means any and all laws of whatever jurisdiction, within or without the United States, and the rules of any stock exchange or quotation system on which Shares are listed or quoted, applicable to the taking or refraining from
taking of any action under this Plan, including the administration of this Plan and the issuance or transfer of Awards or Award Shares. 
 (d) “Award” means a Stock Award, SAR, or Option granted in accordance with the terms of this Plan. 

(e) “Award Agreement” means the document evidencing the grant of an Award. 

(f) “Award Shares” means Shares covered by an outstanding Award or purchased under an Award.

 (g) “Awardee” means: (i) a person to whom an Award has been granted, including a
holder of a Substitute Award, or (ii) a person to whom an Award has been transferred in accordance with all applicable requirements of Sections 6.5, 7(h), and 17. 
 (h) “Board” means the Board of Directors of the Company. 

 (i) “Cause” means employment related dishonesty, fraud, misconduct
or disclosure or misuse of confidential information, or other employment related misconduct that is likely to cause significant injury to the Company, an Affiliate, or any of their respective employees, officers or directors (including, without
limitation, commission of a felony or similar offense), in each case as determined by the Administrator. “Cause” shall not require that a civil judgment or criminal conviction have been entered against or guilty plea shall have been made
by the Awardee regarding any of the matters referred to in the previous sentence. Accordingly, the Administrator shall be entitled to determine “Cause” based on the Administrator’s good faith belief. If the Awardee is criminally
charged with a felony or similar offense that shall be a sufficient, but not a necessary, basis for such belief. 
 (j)
“Change in Control” means any transaction or event that the Board specifies as a Change in Control under Section 10.3. 
 (k) “Code” means the Internal Revenue Code of 1986. 
 (l) “Committee” means a committee composed of Company Directors appointed in accordance with the Company’s charter documents and Section 4. 

(m) “Company” means Lam Research Corporation, a Delaware corporation. 

(n) “Company Director” means a member of the Board. 

(o) “Consultant” means an individual who (including as an employee or agent of an entity that)
provides bona fide services to the Company or an Affiliate not in connection with the offer or sale of securities in a capital-raising transaction, but who is not an Employee. 
 (p) “Director” means a member of the Board of Directors of the Company or an Affiliate. 
 (q) “Domestic Relations Order” means a “domestic relations order” as defined in, and otherwise meeting the requirements of, Section 414(p) of the Code, except
that reference to a “plan” in that definition shall be to this Plan. 
 (r) “Effective
Date” means the date the shareholders of the Company approve the Plan. In the event the shareholders do not approve the Plan, the Plan shall be null and void and no terms of the Plan shall take effect. 

(s) “Employee” means a regular employee of the Company or an Affiliate, including an officer or
Director, who is treated as an employee in the personnel records of the Company or an Affiliate, but not individuals who are classified by the Company or an Affiliate as: (i) leased from or otherwise employed by a third party,
(ii) independent contractors, or (iii) intermittent or temporary workers. The Company’s or an Affiliate’s classification of an individual as an “Employee” (or as not an “Employee”) for purposes of this Plan
shall not be altered retroactively even if that classification is changed retroactively for another purpose as a result of an audit, litigation or otherwise. An Awardee shall not cease to be an Employee due to transfers between locations of the
Company, or between the Company and an Affiliate, or to any successor to the Company or an Affiliate that assumes the Awardee’s Options under Section 10. Neither service as a Director nor receipt of a director’s fee shall be
sufficient to make a Director an “Employee.” 

  
 2 

 (t) “Exchange Act” means the Securities Exchange Act
of 1934. 
 (u) “Executive” means, if the Company has any class of any equity security
registered under Section 12 of the Exchange Act, an individual who is subject to Section 16 of the Exchange Act or who is a “covered employee” under Section 162(m) of the Code, in either case because of the individual’s
relationship with the Company or an Affiliate. If the Company does not have any class of any equity security registered under Section 12 of the Exchange Act, “Executive” means any (i) officer elected or appointed by the Board, or
(ii) beneficial owner of more than 10% of any class of the Company’s equity securities. 
 (v)
“Expiration Date” means, with respect to an Award, the date stated in the Award Agreement as the expiration date of the Award or, if no such date is stated in the Award Agreement, then the last day of the
maximum exercise period for the Award, disregarding the effect of an Awardee’s Termination or any other event that would shorten that period. 
 (w) “Fair Market Value” means the value of Shares as determined under Section 18.2. 
 (x) “Good Reason” means (i) a material diminution in responsibility or compensation in connection with his or her employment relationship with the Company or an
Affiliate, as applicable, or (ii) requiring Awardee to work for the Company or an Affiliate in a location (other than normal business travel) which is more than 50 miles from Awardee’s principal place of employment before the Change in
Control as the case may be. 
 (y) “Grant Date” means the date the Administrator approves
the grant of an Award. However, if the Administrator specifies that an Award’s Grant Date is a future date or the date on which a condition is satisfied, the Grant Date for such Award is that future date or the date that the condition is
satisfied. 
 (z) “Incentive Stock Option” means an Option intended to qualify as an
incentive stock option under Section 422 of the Code and designated as an Incentive Stock Option in the Award Agreement for that Option. 
 (aa) “Involuntary Termination” means termination by the Company without Cause or termination by the Awardee for Good Reason. 

(bb) “Nonstatutory Option” means any Option other than an Incentive Stock Option. 

  
 3 

 (cc) “Objectively Determinable Performance Condition” shall mean any
one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the Company as a whole or to a business unit, Affiliate or business segment, either individually, alternatively or in any
combination, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to previous years’ results or to a designated comparison group, in each case as specified by the
Committee in the Award and may include actual, growth, or performance-to-target for: (i) cash flow, including free cash flow; (ii) earnings (including revenue, gross margin, operating profit, earnings before interest and taxes, earnings
before taxes, and net earnings) or earnings per share; (iii) stock price; (iv) return on equity or average shareholders’ equity; (v) total stockholder return, either actual or relative to share price or market capitalization;
(vi) return on capital; (vii) return on assets or net assets; (viii) return on investment or invested capital; (ix) return on operating revenue; (x) income, net income, operating income, net operating income, operating
profit, net operating profit, or operating margin (with or without regard to amortization/impairment of goodwill); (xi) market share or applications won; (xii) operational performance, including orders, backlog, deferred revenues, revenue
per employee, overhead, days sales outstanding, inventory turns, or other expense levels; (xiii) stockholder value or return relative to the moving average of the S&P 500 Index or a peer group index; (xiv) asset turns; and
(xv) strategic plan development and implementation (including individually designed goals and objectives that are consistent with the Participant’s specific duties and responsibilities and that are designed to improve the financial
performance of the Company, an Affiliate, or a specific business unit thereof and that are consistent with and derived from the strategic operating plan of the Company, an Affiliate or any of their business units for the applicable performance
period). The Committee may appropriately adjust any evaluation of performance under an Objectively Determinable Performance Criteria to exclude any of the following events that occurs during a performance period: (A) asset write-downs;
(B) litigation or claim judgments or settlements; (C) the effect of changes in tax law, accounting principles or other such laws or provisions affecting reported results; (D) accruals for reorganization and restructuring programs; and
(E) any extraordinary non-recurring items as described in Accounting Principles Board Opinion No. 30 and/or in management’s discussion and analysis of financial condition and results of operations appearing in the Company’s
annual report to shareholders for the applicable year. 
 (dd) “Officer” means an officer
of the Company as defined in Rule 16a-1 adopted under the Exchange Act. 
 (ee) “Option”
means a right to purchase Shares of the Company granted under this Plan. 
 (ff) “Option
Price” means the price payable under an Option for Shares, not including any amount payable in respect of withholding or other taxes. 
 (gg) “Option Shares” means Shares covered by an outstanding Option or purchased under an Option. 

(hh) “Plan” means this 2007 Stock Incentive Plan of Lam Research Corporation. 

(ii) “Prior Plans” mean the Company’s 1999 Stock Option Plan and 1997 Stock Incentive Plan. 

  
 4 

 (jj) “Purchase Price” means the price payable under a
Stock Award for Shares, not including any amount payable in respect of withholding or other taxes. 
 (kk)
“Rule 16b-3” means Rule 16b-3 adopted under Section 16(b) of the Exchange Act. 
 (ll)
“SAR” or “Stock Appreciation Right” means a right to receive cash and/or Shares based on a change in the Fair Market Value of a specific number of Shares
pursuant to an Award Agreement, as described in Section 8.1. 
 (mm) “Securities Act”
means the Securities Act of 1933. 
 (nn) “Share” means a share of the common stock of the
Company or other securities substituted for the common stock under Section 10. 
 (oo) “Stock
Award” means an offer by the Company to sell or issue shares, including shares subject to certain restrictions pursuant to the Award Agreement as described in Section 8.2 or, as determined by the Committee, a notional
account representing the right to be paid an amount based on Shares. Types of Awards which may be granted as Stock Awards include such awards as are commonly known as restricted stock, deferred stock, restricted stock units, performance shares,
phantom stock or similar types of awards as determined by the Administrator. 
 (pp) “Substitute
Award” means a Substitute Option, Substitute SAR or Substitute Stock Award granted in accordance with Sections 6.6, 8.1(d) and 8.2(e) of this Plan. 
 (qq) “Substitute Option” means an Option granted in substitution for, or upon the conversion of, an option granted by another entity to purchase equity securities in
the granting entity. 
 (rr) “Substitute SAR” means a SAR granted in substitution for, or
upon the conversion of, a stock appreciation right granted by another entity with respect to equity securities in the granting entity. 
 (ss) “Substitute Stock Award” means a Stock Award granted in substitution for, or upon the conversion of, a stock award granted by another entity to purchase equity
securities in the granting entity. 
 (tt) “Termination” means that the Awardee has ceased
to be, with or without any cause or reason, an Employee, Director or Consultant. However, unless so determined by the Administrator, or otherwise provided in this Plan, “Termination” shall not include a change in status from an Employee,
Consultant or Director to another such status. An event that causes an Affiliate to cease being an Affiliate shall be treated as the “Termination” of that Affiliate’s Employees, Directors, and Consultants. 

  
 5 

 2.2 Rules of Interpretation. Any reference to a “Section,” without more, is
to a Section of this Plan. Captions and titles are used for convenience in this Plan and shall not, by themselves, determine the meaning of this Plan. Except when otherwise indicated by the context, the singular includes the plural and vice versa.
Any reference to a statute is also a reference to the applicable rules and regulations adopted under that statute. Any reference to a statute, rule or regulation, or to a section of a statute, rule or regulation, is a reference to that statute,
rule, regulation, or section as amended from time to time, both before and after the Effective Date and including any successor provisions. 

3. Shares Subject to this Plan; Term of this Plan 
 3.1 Number of Award Shares. The Shares issuable under this Plan shall be authorized but unissued or reacquired Shares, including Shares repurchased by the Company on the open market. Subject
to adjustment under Section 10, the number of Shares initially reserved for issuance or sale over the term of this Plan shall be 15,000,000. Except as required by Applicable Law, Shares shall not reduce the number of Shares reserved for
issuance under this Plan until the actual date of delivery of the Shares to the Awardee. Shares subject to Awards granted under this Plan that are cancelled, expire or are forfeited or repurchased (including without limitation any such Shares that
have been issued under the Award to the Participant) shall be available for re-grant or re-issuance under the Plan following such cancellation, expiration, forfeiture or repurchase. If an Awardee pays the exercise or purchase price of an Award
granted under the Plan through the withholding of Award Shares or the tender of Shares, or if Shares are withheld from the Award or otherwise tendered to satisfy any applicable withholding obligations, the number of Shares so tendered or withheld
shall become available for re-grant or re-issuance thereafter under the Plan following such tender or withholding. 
 3.2 Term
of this Plan. 
 (a) This Plan shall be effective on, and Awards may be granted under this Plan on and after, the earliest
the date on which the Plan has been both adopted by the Board and approved by the Company’s stockholders. 
 (b) Subject to
the provisions of Section 13, Awards may be granted under this Plan for a period of ten years from the latest date the Company’s stockholders approve this Plan, including any subsequent amendment or restatement of this Plan. 

4. Administration 
 4.1
General. 
 (a) The Board shall have ultimate responsibility for administering this Plan. The Board may delegate certain
of its responsibilities to a Committee, which shall consist of at least two members of the Board. The Board or the Committee may further delegate its responsibilities to any sub-committee, another committee of the Board or Employee of the Company or
any Affiliate, provided that such delegation is consistent with Applicable Law. Where this Plan specifies that an action is to be taken or a determination made by the Board, only the Board may take that action or make that determination. Where this
Plan specifies that an action is to be taken or a determination made by the Committee, only the Committee may take that action or make that determination; provided that, if for some reason the Committee cannot act or make a determination, then the
Board shall also be entitled to take such action or make such determination. Where this Plan references the “Administrator,” the action may be taken or determination made by the Board, the Committee, or other Administrator. However, only
the Board or the Committee may approve grants of Awards to Executives, and an Administrator other than the Board or the Committee may grant Awards only within the guidelines established by the Board, the Committee (including any subcommittee) or
another committee of the Board and only if consistent with Applicable Law. Moreover, all actions and determinations by any Administrator are subject to the provisions of this Plan. 

  
 6 

 (b) So long as the Company has registered and outstanding a class of equity securities under
Section 12 of the Exchange Act, the Committee shall consist of Company Directors who are “Non-Employee Directors” as defined in Rule 16b-3 and, after the expiration of any transition period permitted by Treasury Regulations
Section 1.162-27(h)(3), who are “outside directors” as defined in Section 162(m) of the Code. So long as the Shares are listed with Nasdaq, the Committee shall comply with applicable Nasdaq rules and listing standards.

 4.2 Authority of the Board or the Committee. Subject to the other provisions of this Plan, the Board or the Committee
shall have the authority to: 
 (a) grant Awards, including Substitute Awards; 

(b) determine the Fair Market Value of Shares; 
 (c) determine the Option Price and the Purchase Price of Awards; 
 (d) select the
Awardees; 
 (e) determine the times Awards are granted; 
 (f) determine the number of Shares subject to each Award; 
 (g) determine the
methods of payment that may be used to purchase Award Shares; 
 (h) determine the methods of payment that may be used to satisfy
withholding tax obligations; 
 (i) determine the other terms of each Award, including but not limited to the time or times at
and the conditions upon which Awards may be exercised or become vested, whether and under what conditions an Award is assignable, whether an Option is a Nonstatutory Option or an Incentive Stock Option, automatic cancellation of the Award if certain
objective requirements determined by the Administration are not met, and whether the Award or Award Shares are subject to any forfeiture or other conditions; 
 (j) modify or amend any Award; 

  
 7 

 (k) authorize any person to sign any Award Agreement or other document related to this Plan
on behalf of the Company; 
 (l) determine the form of any Award Agreement or other document related to this Plan, and whether
that document, including signatures, may be in electronic form; 
 (m) interpret this Plan and any Award Agreement or document
related to this Plan; 
 (n) correct any defect, remedy any omission, or reconcile any inconsistency in this Plan, any Award
Agreement or any other document related to this Plan; 
 (o) adopt, amend, and revoke rules and regulations under this Plan,
including rules and regulations relating to sub-plans and Plan addenda; 
 (p) adopt, amend, and revoke special rules and
procedures which may be inconsistent with the terms of this Plan, set forth (if the Administrator so chooses) in sub-plans regarding (for example) the operation and administration of this Plan and the terms of Awards, if and to the extent necessary
or useful to accommodate non-U.S. Applicable Laws and practices as they apply to Awards and Award Shares held by, or granted or issued to, persons working or resident outside of the United States or employed by Affiliates incorporated outside the
United States; 
 (q) determine whether a transaction or event should be treated as a Change in Control, as well as the effect of
a Change of Control; and 
 (r) make all other determinations the Administrator deems necessary or advisable for the
administration of this Plan. 
 4.3 Scope of Discretion. Subject to the provisions of this Section 4.3, on all
matters for which this Plan confers the authority, right or power on the Board, the Committee, or other Administrator to make decisions, that body may make those decisions in its sole and absolute discretion. Those decisions will be final, binding
and conclusive. In making its decisions, the Board, Committee or other Administrator need not treat all persons eligible to receive Awards, all Awardees, all Awards or all Award Shares the same way. Notwithstanding anything herein to the contrary,
and except as provided in Section 13.3, the discretion of the Board, Committee or other Administrator is subject to the specific provisions and specific limitations of this Plan, as well as all rights conferred on specific Awardees by Award
Agreements and other agreements. 
 5. Persons Eligible to Receive Awards 

5.1 Eligible Individuals. Awards (including Substitute Awards) may be granted to, and only to, Employees, Directors and
Consultants. However, Incentive Stock Options may only be granted to Employees, as provided in Section 7(g). 
 5.2
Section 162(m) Limitation. 

  
 8 

 (a) Options and SARs. Subject to the provisions of this Section 5.2, for so long
as the Company is a “publicly held corporation” within the meaning of Section 162(m) of the Code, no Employee may be granted one or more Options or SARs within any fiscal year of the Company under this Plan giving him or her the right
to purchase or be issued more than 1,000,000 Shares under such Options or SARs, or to receive compensation calculated with reference to more than that number of Shares under Options and SARs, subject to adjustment pursuant to Section 10. If an
Option or SAR is cancelled without being exercised or if the Option Price of an Option is reduced, that cancelled or repriced Option or SAR shall continue to be counted against the annual limit on Options and SARs that may be granted to any
individual under this Section 5.2. Notwithstanding anything herein to the contrary, a new Employee of the Company or an Affiliate shall be eligible to be granted in the fiscal year in which he or she commences employment Options and SARs giving
him or her the right to purchase or be issued up to a maximum of 2,000,000 Shares, or to receive compensation calculated with reference to that number of Shares under such Options and SARs, subject to adjustment pursuant to Section 10.

 (b) Stock Awards. Any Stock Award intended as “qualified performance-based compensation” within the meaning
of Section 162(m) of the Code, whether granted solely under this Plan or pursuant to the terms of any other stockholder-approved compensation plan awards granted under which are intended to comply with Code Section 162(m) (including
without limitation the Company’s 2004 Executive Incentive Plan (the “2004 EIP”)), must be granted, vest or become exercisable contingent on the achievement of one or more Objectively Determinable Performance Conditions. The Committee
shall have the discretion to determine the time and manner of compliance with Section 162(m) of the Code. Notwithstanding anything to the contrary contained herein or in the 2004 EIP, no Employee may be granted one or more Stock Awards within
any fiscal year of the Company under this Plan (whether the Company’s obligation to issue such Shares arises solely under this Plan or also under any other stockholder-approved compensation plan, including the 2004 EIP) giving him or her the
right to purchase or be issued more than 300,000 Shares under such Stock Awards, or to receive compensation calculated with reference to more than that number of Shares under Stock Awards, subject to adjustment pursuant to Section 10.

 6. Terms and Conditions of Options 
 The following rules apply to all Options: 
 6.1 Price. No Option may have a
per-Share Option Price less than the Fair Market Value of a Share on the Grant Date. 
 6.2 Term. No Option shall be
exercisable after its Expiration Date. No Option may have an Expiration Date that is more than ten years after its Grant Date. Additional provisions regarding the term of Incentive Stock Options are provided in Sections 7(a) and 7(e).

 6.3 Vesting. Options shall vest and become exercisable: (a) on the Grant Date, or (b) in accordance with a
schedule related to the Grant Date, the date the Optionee’s directorship, employment or consultancy begins, or a different date specified in the Option Agreement. Additional provisions regarding the vesting of Incentive Stock Options are
provided in Section 7(c). 

  
 9 

 6.4 Form and Method of Payment. 

(a) The Board or Committee shall determine the acceptable form and method of payment for exercising an Option. So long as there is no
material adverse accounting consequence during the term of the Award or at the time of exercise, the Board or Committee may require the delivery in Shares for the value of the net appreciation of the Shares at the time of exercise over the exercise
price. The difference between full number of Shares covered by the exercised portion of the Award and the number of Shares actually delivered shall be restored to the amount of Shares reserved for issuance under Section 3.1. 

(b) Acceptable forms of payment for all Option Shares are cash, check or wire transfer, denominated in U.S. dollars except as specified by
the Administrator for non-U.S. Employees or non-U.S. sub-plans. 
 (c) In addition, the Administrator may permit payment to be
made by any of the following methods: 
 (i) Shares, or the designation of Shares, in either case whether Shares subject to the
Option or not, that have a Fair Market Value on the date of surrender equal to the Option Price of the Shares as to which the Option is being exercised; 
 (ii) provided that a public market exists for the Shares, consideration received by the Company under a procedure under which a licensed broker-dealer advances funds on behalf of an Optionee or sells
Option Shares on behalf of an Optionee (a “Cashless Exercise Procedure”), provided that if the Company extends or arranges for the extension of credit to an Optionee under any Cashless Exercise Procedure, no Officer or
Director may participate in that Cashless Exercise Procedure; 
 (iii) cancellation of any debt owed by the Company or any
Affiliate to the Optionee by the Company including without limitation waiver of compensation due or accrued for services previously rendered to the Company; and 
 (iv) any combination of the methods of payment permitted by any paragraph of this Section 6.4. 
 (d) The Administrator may also permit any other form or method of payment for Option Shares permitted by Applicable Law. 
 6.5 Nonassignability of Options. Except as determined by the Administrator, no Option shall be assignable or otherwise transferable by the Optionee except by will or by the laws of descent and
distribution. However, Options may be transferred and exercised in accordance with a Domestic Relations Order, or in any manner allowed under the Form S-8 rules if so permitted by the Administrator and may be exercised by a guardian or conservator
appointed to act for the Optionee. Incentive Stock Options may only be assigned in compliance with Section 7(h). 

  
 10 

 6.6 Substitute Options. The Board may cause the Company to grant Substitute Options
in connection with the acquisition by the Company or an Affiliate of equity securities of any entity (including by merger, tender offer, or other similar transaction) or of all or a portion of the assets of any entity. Any such substitution shall be
effective on the effective date of the acquisition. Substitute Options may be Nonstatutory Options or Incentive Stock Options. Unless and to the extent specified otherwise by the Board, Substitute Options shall have the same terms and conditions as
the options they replace, except that (subject to the provisions of Section 10) Substitute Options shall be Options to purchase Shares rather than equity securities of the granting entity and shall have an Option Price determined by the Board.

 7. Incentive Stock Options 
 The following rules apply only to Incentive Stock Options and only to the extent these rules are more restrictive than the rules that would otherwise apply under this Plan. With the consent of the
Optionee, or where this Plan provides that an action may be taken notwithstanding any other provision of this Plan, the Administrator may deviate from the requirements of this Section, notwithstanding that any Incentive Stock Option modified by the
Administrator will thereafter be treated as a Nonstatutory Option. 
 (a) Except as provided in Section 7(e), the Expiration
Date of an Incentive Stock Option shall not be later than ten years from its Grant Date, with the result that no Incentive Stock Option may be exercised after the expiration of ten years from its Grant Date. 

(b) No Incentive Stock Option may be granted more than ten years from the date this Plan was approved by the Board. 

(c) Options intended to be incentive stock options under Section 422 of the Code that are granted to any single Optionee under all
incentive stock option plans of the Company and its Affiliates, including incentive stock options granted under this Plan, may not vest at a rate of more than $100,000 in Fair Market Value of Shares (measured on the grant dates of the options)
during any calendar year. For this purpose, an option vests with respect to a given share of stock the first time its holder may purchase that share, notwithstanding any right of the Company to repurchase that share. Unless the administrator of that
option plan specifies otherwise in the related agreement governing the option, this vesting limitation shall be applied by, to the extent necessary to satisfy this $100,000 rule, treating certain stock options that were intended to be Incentive
Stock Options under Section 422 of the Code as Nonstatutory Options. The stock options or portions of stock options to be reclassified as Nonstatutory Options are those with the highest option prices, whether granted under this Plan or any
other equity compensation plan of the Company or any Affiliate that permits that treatment. This Section 7(c) shall not cause an Incentive Stock Option to vest before its original vesting date or cause an Incentive Stock Option that has already
or would otherwise be vested to cease to vest or be vested. 
 (d) In order for an Incentive Stock Option to be exercised for any
form of payment other than those described in Section 6.4(b), that right must be stated at the time of grant in the Option Agreement relating to that Incentive Stock Option. 

  
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 (e) Any Incentive Stock Option granted to a Ten Percent Stockholder, must have an Expiration
Date that is not later than five years from its Grant Date, with the result that no such Option may be exercised after the expiration of five years from the Grant Date. A “Ten Percent Stockholder” is any person who, directly
or by attribution under Section 424(d) of the Code, owns stock possessing more than ten percent of the total combined voting power of all classes of stock of the Company or of any Affiliate on the Grant Date. 

(f) The Option Price of an Incentive Stock Option shall never be less than the Fair Market Value of the Shares at the Grant Date. The
Option Price for the Shares covered by an Incentive Stock Option granted to a Ten Percent Stockholder shall never be less than 110% of the Fair Market Value of the Shares at the Grant Date. 

(g) Incentive Stock Options may be granted only to Employees. If an Optionee changes status from an Employee to a Consultant, that
Optionee’s Incentive Stock Options become Nonstatutory Options if not exercised within the time period described in Section 7(i) (determined by treating that change in status as a Termination solely for purposes of this Section 7(g)).

 (h) No rights under an Incentive Stock Option may be transferred by the Optionee, other than by will or the laws of descent
and distribution. During the life of the Optionee, an Incentive Stock Option may be exercised only by the Optionee. The Company’s compliance with a Domestic Relations Order, or the exercise of an Incentive Stock Option by a guardian or
conservator appointed to act for the Optionee, shall not violate this Section 7(h). 
 (i) An Incentive Stock Option shall
be treated as a Nonstatutory Option if it remains exercisable after, and is not exercised within, the three-month period beginning with the Optionee’s Termination for any reason other than the Optionee’s death or disability (as defined in
Section 22(e) of the Code). In the case of Termination due to death, an Incentive Stock Option shall continue to be treated as an Incentive Stock Option if it remains exercisable after, and is not exercised within, the three month period after
the Optionee’s Termination provided it is exercised before the Expiration Date. In the case of Termination due to disability, an Incentive Stock Option shall be treated as a Nonstatutory Option if it remains exercisable after, and is not
exercised within, one year after the Optionee’s Termination. 
 8. Stock Appreciation Rights and Stock Awards 

8.1 Stock Appreciation Rights. The following rules apply to SARs: 

(a) General. SARs may be granted either alone, in addition to, or in tandem with other Awards granted under this Plan. The
Administrator may grant SARs to eligible participants subject to terms and conditions not inconsistent with this Plan and determined by the Administrator. The specific terms and conditions applicable to the Awardee shall be provided for in the Award
Agreement. SARs shall be exercisable, in whole or in part, at such times as the Administrator shall specify in the Award Agreement. The grant or vesting of a SAR may be made contingent on the achievement of Objectively Determinable Performance
Conditions. 

  
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 (b) Exercise of SARs. Upon the exercise of an SAR, in whole or in part, an
Awardee shall be entitled to a payment in an amount equal to the excess of the Fair Market Value of a fixed number of Shares covered by the exercised portion of the SAR on the date of exercise, over the Fair Market Value of the Shares covered by the
exercised portion of the SAR on the Grant Date. The amount due to the Awardee upon the exercise of a SAR shall be paid in cash, Shares or a combination thereof, as specified in the Award Agreement, over the period or periods specified in the Award
Agreement. An Award Agreement may place limits on the amount that may be paid over any specified period or periods upon the exercise of a SAR, on an aggregate basis or as to any Awardee. A SAR shall be considered exercised when the Company receives
written notice of exercise in accordance with the terms of the Award Agreement from the person entitled to exercise the SAR. If a SAR has been granted in tandem with an Option, upon the exercise of the SAR, the number of shares that may be purchased
pursuant to the Option shall be reduced by the number of shares with respect to which the SAR is exercised. 
 (c)
Nonassignability of SARs. Except as determined by the Administrator, no SAR shall be assignable or otherwise transferable by the Awardee except by will or by the laws of descent and distribution. Notwithstanding anything herein to the
contrary, SARs may be transferred and exercised in accordance with a Domestic Relations Order or in any manner allowed under the Form S-8 rules if so permitted by the Administrator. 

(d) Substitute SARs. The Board may cause the Company to grant Substitute SARs in connection with the acquisition by the
Company or an Affiliate of equity securities of any entity (including by merger) or all or a portion of the assets of any entity. Any such substitution shall be effective on the effective date of the acquisition. Unless and to the extent specified
otherwise by the Board, Substitute SARs shall have the same terms and conditions as the awards they replace, except that (subject to the provisions of Section 9) Substitute SARs shall be exercisable with respect to the Fair Market Value of
Shares rather than with regard to the value of equity securities of the granting entity and shall be on terms that, as determined by the Board in its sole and absolute discretion, properly reflects the substitution. 

8.2 Stock Awards. The following rules apply to all Stock Awards: 

(a) General. The specific terms and conditions of a Stock Award applicable to the Awardee shall be provided for in the Award
Agreement. The Award Agreement shall state the number of Shares that the Awardee shall be entitled to receive or purchase, the terms and conditions on which the Shares shall vest, the price to be paid (if any), whether Shares are to be delivered at
the time of grant or at some deferred date specified in the Award Agreement, whether the Award is payable solely in Shares, cash or either and, if applicable, the time within which the Awardee must accept such offer. The offer shall be accepted by
execution of the Award Agreement. The Administrator may require that all Shares subject to a right of repurchase or risk of forfeiture be held in escrow until such repurchase right or risk of forfeiture lapses. The grant or vesting of a Stock Award
may be made contingent on the achievement of Objectively Determinable Performance Conditions. 

  
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 (b) Right of Repurchase. If so provided in the Award Agreement, Award Shares
acquired pursuant to a Stock Award may be subject to repurchase by the Company or an Affiliate if not vested in accordance with the Award Agreement. 
 (c) Form of Payment. If the Awardee is required to pay any amount to purchase Shares subject to the Stock Award, then the Administrator shall determine the acceptable form and method of
payment for exercising a Stock Award. Acceptable forms of payment for all Award Shares are cash, check or wire transfer, denominated in U.S. dollars except as specified by the Administrator for non-U.S. sub-plans. In addition, the Administrator may
permit payment to be made by any of the methods permitted with respect to the exercise of Options pursuant to Section 6.4. 

(d) Nonassignability of Stock Awards. Except as determined by the Administrator, no Stock Award shall be assignable
or otherwise transferable by the Awardee except by will or by the laws of descent and distribution. Notwithstanding anything to the contrary herein, Stock Awards may be transferred and exercised in accordance with a Domestic Relations Order and in
any manner allowed under the Form S-8 rules if so permitted by the Administrator. 
 (e) Substitute Stock Award.
The Board may cause the Company to grant Substitute Stock Awards in connection with the acquisition by the Company or an Affiliate of equity securities of any entity (including by merger) or all or a portion of the assets of any entity. Unless and
to the extent specified otherwise by the Board, Substitute Stock Awards shall have the same terms and conditions as the stock awards they replace, except that (subject to the provisions of Section 10) Substitute Stock Awards shall be Stock
Awards to purchase Shares rather than equity securities of the granting entity and shall have a Purchase Price that, as determined by the Board in its sole and absolute discretion, properly reflects the substitution. Any such Substituted Stock Award
shall be effective on the effective date of the acquisition. 
 9. Exercise of Awards 

9.1 In General. An Award shall be exercisable in accordance with this Plan and the Award Agreement under which it is granted.

 9.2 Time of Exercise. Options and Stock Awards shall be considered exercised when the Company (or its authorized agent)
receives: (a) written (including electronic) notice of exercise from the person entitled to exercise the Option or Stock Award, (b) full payment, or provision for payment, in a form and method approved by the Administrator, for the Shares
for which the Option or Stock Award is being exercised, and (c) if applicable, payment, or provision for payment, in a form approved by the Administrator, of all applicable withholding taxes due upon exercise. An Award may not be exercised for
a fraction of a Share. SARs shall be considered exercised when the Company receives written notice of the exercise from the person entitled to exercise the SAR. 

  
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 9.3 Issuance of Award Shares. The Company shall issue Award Shares in the name of the
person properly exercising the Award. If the Awardee is that person and so requests, the Award Shares shall be issued in the name of the Awardee and the Awardee’s spouse. The Company shall endeavor to issue Award Shares promptly after an Award
is exercised or after the Grant Date of a Stock Award, as applicable. Until Award Shares are actually issued, as evidenced by the appropriate entry on the stock register of the Company or its transfer agent, the Awardee will not have the rights of a
stockholder with respect to those Award Shares, even though the Awardee has completed all the steps necessary to exercise the Award. No adjustment shall be made for any dividend, distribution, or other right for which the record date precedes the
date the Award Shares are issued, except as provided in Section 10 or with regard to Stock Awards, except as set forth in the Award Agreement. 
 9.4 Termination. 
 (a) In General. Except as provided in an
Award Agreement or in writing by the Administrator, including in an Award Agreement, and as otherwise provided in Sections 9.4(b), (c), and (d) after an Awardee’s Termination for other than Cause, the Awardee’s Awards shall be
exercisable to the extent (but only to the extent) they are vested on the date of that Termination and only during the ninety (90) days after the Termination, but in no event after the Expiration Date. Except as provided in an Award Agreement,
or otherwise in writing by the Administrator (including, pursuant to Section 9.4(d)(ii)), an Award shall terminate as to all Shares that are unvested as of the Awardee’s date of termination for any reason. Unless otherwise provided in the
Award Agreement, in the event of termination for Cause the Award may not be exercised after the date of Termination (even as to vested Shares). To the extent the Awardee does not exercise an Award within the time specified for exercise, the Award
shall automatically terminate. 
 (b) Leaves of Absence. Unless otherwise provided in the Award Agreement, no Award
may be exercised more than three months after the beginning of a leave of absence, other than a personal or medical leave approved by an authorized representative of the Company with employment guaranteed upon return. Awards shall not continue to
vest during a leave of absence, unless otherwise determined by the Administrator with respect to an approved personal or medical leave with employment guaranteed upon return. 
 (c) Death or Disability. Unless otherwise provided by the Administrator, if an Awardee’s Termination is due to death or disability (as determined by the Administrator with respect to
all Awards other than Incentive Stock Options and as defined by Section 22(e) of the Code with respect to Incentive Stock Options), all Awards of that Awardee to the extent exercisable at the date of that Termination may be exercised for one
year after that Termination, but in no event after the Expiration Date. In the case of Termination due to death, an Award may be exercised as provided in Section 16. In the case of Termination due to disability, if a guardian or conservator has
been appointed to act for the Awardee and been granted this authority as part of that appointment, that guardian or conservator may exercise the Award on behalf of the Awardee. Death or disability occurring after an Awardee’s Termination shall
not cause the Termination to be treated as having occurred due to death or disability. To the extent an Award is not so exercised within the time specified for its exercise, the Award shall automatically terminate. 

  
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 (d) Administrator Discretion. Notwithstanding the provisions of
Section 9.4 (a)-(c), the Plan Administrator shall have complete discretion, exercisable either at the time an Award is granted or at any time while the Award remains outstanding, to: 

(i) After considering any tax and accounting consequences of such change, extend the period of time for which the Award is to remain
exercisable, following the Awardee’s Termination, from the limited exercise period otherwise in effect for that Award to such greater period of time as the Administrator shall deem appropriate, but in no event beyond the Expiration Date; and/or

 (ii) Permit the Award to be exercised, during the applicable post-Termination exercise period, not only with respect to the
number of vested Shares for which such Award may be exercisable at the time of the Awardee’s Termination but also with respect to one or more additional installments in which the Awardee would have vested had the Awardee not been subject to
Termination. 
 (e) Consulting or Employment Relationship. Nothing in this Plan or in any Award Agreement, and no
Award or the fact that an Award remains unvested or that Award Shares remain subject to repurchase rights or other forfeiture conditions, shall: (A) interfere with or limit the right of the Company or any Affiliate to terminate the employment
or consultancy of any Awardee at any time, whether with or without cause or reason, and with or without the payment of severance or any other compensation or payment, or (B) interfere with the application of any provision in any of the
Company’s or any Affiliate’s charter documents or Applicable Law relating to the election, appointment, term of office, or removal of a Director. 
 10. Certain Transactions and Events 
 10.1 In General. Except as
provided in this Section 10, the existence of outstanding Awards shall not affect in any way the right or power of the Company or its shareholders to make or authorize any or all adjustments, recapitalizations, reorganizations, exchanges, or
other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company or any issuance of Shares or other securities or subscription rights thereto, or any issuance of bonds, debentures, preferred or
prior preference stock ahead of or affecting the Shares or other securities of the Company or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other
corporate act or proceeding, whether of a similar character or otherwise. Further, except as expressly provided in this Section 10 or otherwise expressly provided for in a writing approved by the Board or Committee, (i) the issuance by the
Company of shares of stock or any class of securities convertible into shares of stock of any class, for cash, property, labor or services, upon direct sale, upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares
or obligations of the Company convertible into such shares or other securities, (ii) the payment of a dividend in property other than Shares, or (iii) the occurrence of any similar transaction, and in any case whether or not for fair
value, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number of Shares subject to Options or other Awards theretofore granted or the purchase or repurchase price per Share. 

  
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 10.2 Changes in Capital Structure. In the event of any stock split, reverse stock
split, recapitalization, combination or reclassification of stock, stock dividend, spin-off, extraordinary cash dividend or similar change to the capital structure of the Company (not including a Change of
Control), the Board or Committee shall make appropriate adjustments to preserve the proportionate value of such Awards or the Plan to: (a) the number and type of Shares that may be granted subject to Awards granted under this Plan, (b) the
number and type of Awards that may be granted to any individual under this Plan, (c) the terms of any SAR, (d) the Purchase Price or repurchase price of any Stock Award, (e) the Option Price and number and class of securities issuable
under each outstanding Option, and (f) the repurchase price of any securities substituted for Award Shares that are subject to repurchase rights. The specific adjustments to be made to effectuate the intent of the preceding sentence shall be
determined by the Board or the Committee, whose determination in this regard shall be final and binding on all parties. Unless the Board or Committee specifies otherwise, any securities issuable as a result of any such adjustment shall be rounded
down to the next lower whole security. The Board or Committee need not adopt the same rules for each Award or each Awardee. 

10.3 Change of Control Transactions. In the event of (a) any merger or consolidation in which the Company shall not be the
surviving entity or survives only as a subsidiary of another entity whose shareholders did not own all or substantially all of the Common Stock in substantially the same proportions as immediately prior to such transaction (which transaction shall
not include a merger or consolidation with a wholly-owned subsidiary, a reincorporation of the Company in a different jurisdiction, or other transaction in which there is no substantial change in the stockholders of the Company or their relative
stock holdings and the Awards granted under this Plan are assumed, converted or replaced by the successor corporation, which assumption shall be binding on all Participants), (b) the sale, transfer or other disposition of all or substantially
all of the assets of the Company, including a liquidation or dissolution of the Company, or (c) the acquisition, sale, or transfer of more than 50% of the outstanding shares of the Company by tender offer or similar transaction (each, a
“Change of Control”), any or all outstanding Awards shall be subject to the definitive agreement governing the Change of Control transaction. Such transaction agreement may provide, without limitation and in a manner that is
binding on all parties, for (1) the assumption, substitution or replacement with equivalent awards of outstanding Awards (but in each case adjusted to reflect the transaction terms) by the surviving corporation or its parent,
(2) continuation of outstanding Awards (but again adjusted to reflect the transaction terms) by the Company if the Company is a surviving corporation, (3) accelerated vesting, or lapse of repurchase rights or forfeiture conditions
applicable to, and accelerated expiration or termination of, the outstanding Awards, or (4) settlement of outstanding Awards (including termination thereof) in cash. Except for adjustments to reflect the transaction terms as referenced above
or, to the extent any Award or Award Shares are subject to accelerated vesting or lapse of restrictions approved by the Board or Committee upon specific events or conditions (and then only to the extent such acceleration benefits are reflected in
the transaction agreement, the applicable Award Agreement or another written agreement between the participant and the Company), any outstanding Awards that are assumed, substituted, replaced with equivalent awards or continued shall continue
following the transaction to be subject to the same vesting or other restrictions that applied to the original Award. The Administrator need not adopt the same rules or apply the same treatment for each Award or Awardee. 

  
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 10.4 Dissolution. Notwithstanding anything herein to the contrary, in the event of a
dissolution or liquidation of the Company, to the extent an Award has not been exercised or the Shares subject thereto have not been issued in full prior to the earlier of the completion of the transaction or the applicable Award Expiration Date,
then outstanding Awards shall terminate immediately prior to the transaction. 
 11. Award Grants to Non-Employee Directors 

11.1 General. 
 Consistent with the terms of this Plan and as reflected in individual Award Agreements, the Administrator or, if required by Applicable Law, the Board, may grant Awards to Directors who are not Employees
(“Non-Employee Directors”) on such terms and conditions as it determines, including to provide for satisfaction of Director fee or retainer payments through issuance of Awards under the Plan. Such Awards may be done by establishing an
annual or other periodic grant program, or may done through action taken to approve individual Awards from time to time. To the extent that the Administrator or the Board from time to time establish an annual or other periodic grant program for
Non-Employee Directors, it may at any time amend, suspend or terminate such program with respect to Awards that have not yet been granted, without the need for approval from any Non-Employee Director who might otherwise have benefited from such
Awards or from the stockholders. 
 11.2 Non-Employee Director Award Guidelines 

Awards granted by the Board pursuant to Section 11.1 may be granted only with the approval of the Committee or a
majority of the Company Directors then serving on the Board who meet the director independence standards of Nasdaq (or such other primary exchange or system on which Shares are traded or quoted). Such grants shall be made with the objective that
Non-Employee Director compensation taken as a whole shall not exceed the 75th percentile of comparable companies. 
 12. Tax Matters 

12.1 Tax Withholding. 
 (a) General. Whenever Awards are granted, Award Shares vest, are issued or become free of restrictions, or Awards or Award Shares are transferred, the Company may require the Awardee to
remit to the Company an amount sufficient to satisfy any applicable tax withholding requirement, whether the related tax is imposed on the Awardee or the Company. The Company shall have no obligation to deliver Award Shares or release Award Shares
from an escrow or permit a transfer of Award Shares until the Awardee has satisfied those tax withholding obligations. The Awardee accepts this requirement as a condition of her or her receipt of the Award. To the extent any payment in satisfaction
of Awards is made in cash, the payment will be reduced by an amount sufficient to satisfy all tax withholding requirements. 

  
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 (b) Method of Payment. The Awardee shall pay any required withholding using
the forms of consideration described in Section 6.4(b), except that, in the discretion of the Administrator, the Company may also permit the Awardee to use any of the forms of payment described in Section 6.4(c). If the Administrator
permits Award Shares to be withheld from the Award to satisfy applicable withholding obligations, the Fair Market Value of the Award Shares withheld, as determined as of the date of withholding, shall not exceed the amount determined by the
applicable minimum statutory withholding rates to the extent the Administrator determines such limit is necessary or advisable in light of generally accepted accounting principles. 

12.2 Reporting of Dispositions. Any holder of Option Shares acquired under an Incentive Stock Option shall promptly notify the
Administrator, following such procedures as the Administrator may require, of the sale or other disposition of any of those Option Shares if the disposition occurs during: (a) the longer of two years after the Grant Date of the Incentive Stock
Option and one year after the date the Incentive Stock Option was exercised, or (b) such other period as the Administrator has established. 
 12.3 Liability for Applicable Taxes. 
 Regardless of any action the Company
or the Awardee’s employer (the “Employer”) takes with respect to any or all income tax, social security, payroll tax, payment on account, other tax-related withholding or information reporting (“Tax-Related Items”), the
Awardee acknowledges and agrees that the ultimate liability for all Tax-Related Items legally due by him is and remains the Awardee’s responsibility and that the Company and or the Employer (i) make no representations nor undertakings
regarding the treatment of any Tax-Related Items in connection with any aspect of an Award; and (ii) do not commit to structure the terms or any aspect of an Award granted hereunder to reduce or eliminate the Awardee’s liability for
Tax-Related Items. The Awardee shall pay the Company or the Employer any amount of Tax-Related Items that the Company or the Employer may be required to withhold as a result of the Awardee’s participation in the Plan that cannot be satisfied by
the means previously described. The Company may refuse to deliver any benefit under the Plan if the Awardee fails to comply with his or her obligations in connection with the Tax-Related Items. 

13. Compliance with Law 

13.1 General. The grant of Awards and the issuance and subsequent transfer of Award Shares shall be subject to compliance with all
Applicable Law, including all applicable securities laws. Awards may not be exercised, and Award Shares may not be transferred, in violation of Applicable Law. Thus, for example, Awards may not be exercised or issued unless: (a) a registration
statement under the Securities Act is then in effect with respect to the related Award Shares, or (b) in the opinion of legal counsel to the Company, those Award Shares may be issued in accordance with an applicable exemption from the
registration requirements of the Securities Act and any other applicable securities laws. The failure or inability of the Company to obtain from any regulatory body the authority considered by the Company’s legal counsel to be necessary or
useful for the lawful issuance of any Award Shares or their subsequent transfer shall relieve the Company of any liability for failing to issue those Award Shares or permitting their transfer. As a condition to the exercise of any Award or the
transfer of any Award Shares, the Company may require the Awardee to satisfy any requirements or qualifications that may be necessary or appropriate to comply with or evidence compliance with any Applicable Law. The Company shall have no liability
to any Awardee or any party who might claim through the Awardee to the extent that the Awardee (or his or her permitted transferee) is required to forfeit an Award, or the benefits received or to be received under an Award, pursuant to any
Applicable Law. 

  
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 13.2 Tax Matters. Notwithstanding anything to the contrary contained herein, to the
extent that the Administrator determines that any Award granted under the Plan is subject to Code Section 409A and unless otherwise specified in the applicable Award Agreement, the Award Agreement evidencing such Award shall incorporate the
terms and conditions necessary for such Award to avoid the consequences described in Code Section 409A(a)(1), and to the maximum extent permitted under Applicable Law (and unless otherwise stated in the applicable Award Agreement), the Plan and
the Award Agreements shall be interpreted in a manner that results in their conforming to the requirements of Code Section 409A(a)(2), (3) and (4) and any Department of Treasury or Internal Revenue Service regulations or other
interpretive guidance issued under Section 409A (whenever issued, the “Guidance”). Notwithstanding anything to the contrary in this Plan (and unless the Award Agreement provides otherwise, with specific reference to this sentence), to
the extent that a Participant holding an Award that constitutes “deferred compensation” under Section 409A and the Guidance is a “specified employee” (also as defined thereunder), no distribution or payment of any amount
shall be made before a date that is six months following the date of such Participant’s “separation from service” (as defined in Section 409A and the Guidance) or, if earlier, the date of the Participant’s death. 

14. Amendment or Termination of this Plan or Outstanding Awards 
 14.1 Amendment and Termination. The Board may at any time amend, suspend, or terminate this Plan. 
 14.2 Stockholder Approval. The Company shall obtain the approval of the Company’s stockholders for any amendment to this Plan if stockholder approval is necessary or desirable to comply with
any Applicable Law or with the requirements applicable to the grant of Awards intended to be Incentive Stock Options; provided however that the Company shall obtain stockholder approval of any of the following: (a) other than an increase
under Section 10.2, an increase to the Shares reserved for issuance hereunder; (b) an expansion of the class of persons eligible to receive Awards hereunder; or (c) any amendment of outstanding Options or SARs that effects a repricing
of such Awards or other lowering of the original Option Price or grant date Fair Market Value that applies to a SAR. For Stock Awards to continue to be eligible to qualify as “performance-based compensation” under Code Section 162(m),
the Company’s stockholders must re-approve the material terms of the performance goals included in the Plan by the date of the first stockholder meeting that occurs in the fifth year following the year in which the stockholders first approved
the Plan. The Board may also, but need not, require that the Company’s stockholders approve any other amendments to this Plan. 

  
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 14.3 Effect. No amendment, suspension, or termination of this Plan, and no
modification of any Award even in the absence of an amendment, suspension, or termination of this Plan, shall impair any existing contractual rights of any Awardee unless the affected Awardee consents to the amendment, suspension, termination, or
modification. Notwithstanding anything herein to the contrary, no such consent shall be required if the Board determines, in its sole and absolute discretion, that the amendment, suspension, termination, or modification: (a) is required or
advisable in order for the Company, this Plan or the Award to satisfy Applicable Law, to meet the requirements of any accounting standard or to avoid any adverse accounting treatment, or (b) in connection with any transaction or event described
in Section 10, is in the best interests of the Company or its stockholders. The Board may, but need not, take the tax or accounting consequences to affected Awardees into consideration in acting under the preceding sentence. Those decisions
shall be final, binding and conclusive. Termination of this Plan shall not affect the Administrator’s ability to exercise the powers granted to it under this Plan with respect to Awards granted before the termination of Award Shares issued
under such Awards even if those Award Shares are issued after the termination. 
 15. Reserved Rights 

15.1 Nonexclusivity of this Plan. This Plan shall not limit the power of the Company or any Affiliate to adopt other incentive
arrangements including, for example, the grant or issuance of stock options, stock, or other equity-based rights under other plans. 
 15.2 Unfunded Plan. This Plan shall be unfunded. Although bookkeeping accounts may be established with respect to Awardees, any such accounts will be used merely as a convenience. The Company shall
not be required to segregate any assets on account of this Plan, the grant of Awards, or the issuance of Award Shares. The Company and the Administrator shall not be deemed to be a trustee of stock or cash to be awarded under this Plan. Any
obligations of the Company to any Awardee shall be based solely upon contracts entered into under this Plan, such as Award Agreements. No such obligations shall be deemed to be secured by any pledge or other encumbrance on any assets of the Company.
Neither the Company nor the Administrator shall be required to give any security or bond for the performance of any such obligations. 
 16.
Special Arrangements Regarding Award Shares 
 16.1 Escrow of Stock Certificates. To enforce any restrictions on
Award Shares, the Administrator may require their holder to deposit the certificates representing Award Shares, with stock powers or other transfer instruments approved by the Administrator endorsed in blank, with the Company or an agent of the
Company to hold in escrow until the restrictions have lapsed or terminated. The Administrator may also cause a legend or legends referencing the restrictions to be placed on the certificates. 

16.2 Repurchase Rights. 
 (a) General. If a Stock Award is subject to vesting or other forfeiture conditions, the Company shall have the right, during such period after the Awardee’s Termination as is specified
by the Administrator to repurchase any or all of the Award Shares that were unvested or otherwise subject to forfeiture as of the date of that Termination. The repurchase price shall be such price as is determined by the Administrator and set forth
in the Award Agreement, subject to adjustment under Section 10. The repurchase price shall be paid in cash. The Company may assign this right of repurchase. 

  
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 (b) Procedure. The Company or its assignee may choose to give the Awardee a
written notice of exercise of its repurchase rights under this Section 16.2. However, the Company’s failure to give such a notice shall not affect its rights to repurchase Award Shares. The Company must, however, tender the repurchase
price during the period specified in this Section 16.2 for exercising its repurchase rights in order to exercise such rights. 
 16.3 Deferral of Award Benefits. The Administrator may in its discretion and upon such terms and conditions as it determines appropriate permit one or more Participants whom it selects to
(a) defer compensation payable pursuant to the terms of an Award, or (b) defer compensation arising outside the terms of this Plan pursuant to a program that provides for deferred payment in satisfaction of such other compensation amounts
through the issuance of one or more Awards. Any such deferral arrangement shall be evidenced by an Award Agreement in such form as the Administrator shall from time to time establish, and no such deferral arrangement shall be a valid and binding
obligation unless evidenced by a fully executed Award Agreement, the form of which the Administrator has approved, including through the Administrator’s establishing a written program (the “Program”) under this Plan to govern the form
of Award Agreements participating in such Program. Any such Award Agreement or Program shall specify the treatment of dividends or dividend equivalent rights (if any) that apply to Awards governed thereby, and shall further provide that any
elections governing payment of amounts pursuant to such Program shall be in writing, shall be delivered to the Company or its agent in a form and manner that complies with Code Section 409A and the Guidance, and shall specify the amount to be
distributed in settlement of the deferral arrangement, as well as the time and form of such distribution in a manner required by the Administrator, and shall specify the amount to be distributed in settlement of the deferral arrangement, as well as
the time and form of such distribution. 
 16.4 Limit to Waivers of Vesting or Forfeiture Conditions. Time or
performance-based vesting or forfeiture restrictions shall not be waived on greater than five percent (5%) of the total number of Award Shares set forth in Section 3.1 (as such section may be amended from time to time), subject to
adjustment as set forth in Section 10 (the “Waiver Limit”), other than due to a change of control or a change in status due to a Participant’s death, disability, retirement or other exigent circumstances as determined by the
Board, the Committee or the Administrator. Final determination as to whether a particular waiver will be made and is subject to the Waiver Limit shall be at the discretion of the Board, the Committee or the Administrator. 

17. Beneficiaries 
 An
Awardee may file a written designation of one or more beneficiaries who are to receive the Awardee’s rights under the Awardee’s Awards after the Awardee’s death. An Awardee may change such a designation at any time by written notice.
If an Awardee designates a beneficiary, the beneficiary may exercise the Awardee’s Awards after the Awardee’s death. If an Awardee dies when the Awardee has no living beneficiary designated under this Plan, the Company shall allow the
executor or administrator of the Awardee’s estate to exercise the Award or, if there is none, the person entitled to exercise the Option under the Awardee’s will or the laws of descent and distribution; provided the Company may require of
any such person, evidence of authority to act in such capacity as it deems appropriate. In any case, no Award may be exercised after its Expiration Date. 

  
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 18. Miscellaneous 
 18.1 Governing Law. This Plan, the Award Agreements and all other agreements entered into under this Plan, and all actions taken under this Plan or in connection with Awards or Award Shares, shall
be governed by the laws of the State of Delaware. 
 18.2 Determination of Value. Fair Market Value shall be determined as
follows: 
 (a) Listed Stock. If the Shares are traded on any established stock exchange or quoted on a national
market system, Fair Market Value shall be the closing sales price for the Shares as quoted on that stock exchange or system for the date the value is to be determined (the “Value Date”) as reported in The Wall Street
Journal or a similar publication. If no sales are reported as having occurred on the Value Date, Fair Market Value shall be that closing sales price for the last preceding trading day on which sales of Shares are reported as having occurred. If
no sales are reported as having occurred during the five trading days before the Value Date, Fair Market Value shall be the closing bid for Shares on the Value Date (or on the last preceding date on which a closing bid for the Shares was made). If
Shares are listed on multiple exchanges or systems, Fair Market Value shall be based on sales or bid prices on the primary exchange or system on which Shares are traded or quoted. 

(b) Stock Quoted by Securities Dealer. If Shares are regularly quoted by a recognized securities dealer but selling prices
are not reported on any established stock exchange or quoted on a national market system, Fair Market Value shall be the mean between the high bid and low asked prices on the Value Date. If no prices are quoted for the Value Date, Fair Market Value
shall be the mean between the high bid and low asked prices on the last preceding trading day on which any bid and asked prices were quoted. 
 (c) No Established Market. If Shares are not traded on any established stock exchange or quoted on a national market system and are not quoted by a recognized securities dealer, and unless
otherwise required by Applicable Law, the Administrator (following guidelines established by the Board or Committee) will determine Fair Market Value in good faith using any reasonable valuation method. The Administrator will consider the following
factors, and any others it considers significant, in determining Fair Market Value: (i) the price at which other securities of the Company have been issued to purchasers other than Employees, Directors, or Consultants, (ii) the
Company’s stockholder’s equity, prospective earning power, dividend-paying capacity, present value of future cash flows, and value of tangible and intangible assets, if any, and (iii) any other relevant factors, including the economic
outlook for the Company and the Company’s industry, the Company’s position in that industry, the Company’s goodwill and other intellectual property, and the values of securities of other businesses in the same industry. 

18.3 Reservation of Shares. During the term of this Plan, the Company shall at all times reserve and keep available such number of
Shares as are still issuable under this Plan. 

  
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 18.4 Electronic Communications. Any Award Agreement, notice of exercise of an Award,
or other document required or permitted by this Plan may be delivered in writing or, to the extent determined by the Administrator, electronically. Signatures may also be electronic if permitted by the Administrator. 

18.5 Notices. Unless the Administrator specifies otherwise, any notice to the Company under any Option Agreement or with respect to
any Awards or Award Shares shall be in writing (or, if so authorized by Section 18.4, communicated electronically), shall be addressed to the Secretary of the Company, and shall only be effective when received by the Secretary of the Company.

  
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