Document:

Exhibit 10.12

 

 

 

AGREEMENT AND PLAN OF MERGER

 

by and among

 

CORBUS
PHARMACEUTICALS Holdings, Inc,

 

cORBUS
pHARMACEUTICALS ACQUISITION, Inc.,

 

and

 

JB THERAPEUTICS, INC. 

 

 

 

Dated as of March 27, 2014

 

 

  

    	 

    	 

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	ARTICLE I	 
	The Merger	1
	1.01.	The Merger	1
	1.02.	Closing; Effective Time	2
	1.03.	Effects of the Merger	2
	1.04.	Certificate of Incorporation; Bylaws	2
	1.05.	Directors and Officers	2
	 	 	 
	ARTICLE II	 
	Effect of the Merger on the Capital Stock of the Constituent Corporations	3
	2.01.	Effect on Capital Stock	3
	2.02.	Consideration	5
	2.03.	Aggregate Consideration Schedule	6
	2.04.	Lost, Stolen or Destroyed Certificates	6
	2.05.	Adjustments	6
	2.06.	Withholding	6
	 	 	 
	ARTICLE III	 
	Representations and Warranties Relating to the Company	6
	3.01.	Organization; Capitalization	6
	3.02.	Authority; Execution and Delivery; Enforceability	7
	3.03.	No Conflicts	8
	3.04.	Financial Statements	8
	3.05.	Indebtedness	9
	3.06.	Governmental Authorizations	9
	3.07.	Company Agreements	9
	3.08.	Intellectual Property	10
	3.09.	Employee Matters	10
	3.10.	Proceedings	10
	3.11.	Compliance	10
	3.12.	Related Party Transactions	11
	3.13.	Taxes	11
	 	 	 
	ARTICLE IV	 
	Representations and Warranties of Parent	11
	4.01.	Organization; Capitalization	11
	4.02.	Authority	12
	4.03.	No Conflicts	12
	4.04.	Governmental Authorizations	13
	4.05.	Proceedings	13
	 	 	 
	ARTICLE V	 
	Covenants	13
	5.01.	Conduct of Business Pending Closing	13

 

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TABLE OF CONTENTS

(Continued)

 

	 	 	Page
	 	 	 
	5.02.	Prohibited Actions Pending Closing	14
	5.03.	Access to Information	15
	5.04.	Reasonable Efforts to Close	15
	5.05.	Stockholder Approval	15
	5.06.	Tax Matters	15
	5.07.	Publicity	16
	5.08.	Confidentiality	17
	5.09.	Resignations	17
	5.10.	Employment Agreements	17
	5.11.	Voting Agreements	17
	5.12.	Appointment of Directors and Officers of Parent	17
	5.13.	Further Assurances	17
	 	 	 
	ARTICLE VI	 
	Conditions to Closing	18
	6.01.	Conditions Precedent to Each Party’s Obligation to Effect the Merger	18
	6.02.	Conditions Precedent to Obligations of Parent and Merger Sub	18
	6.03.	Conditions Precedent to the Company’s Obligations	19
	6.04.	Frustration of Closing Conditions	20
	 	 	 
	ARTICLE VII	 
	Termination	20
	7.01.	Termination	20
	7.02.	Effect of Termination	21
	 	 	 
	ARTICLE VIII	 
	Survival	21
	8.01.	Survival of Representations and Warranties	21
	 	 	 
	ARTICLE IX	 
	General Provisions	21
	9.01.	Fees and Expenses	21
	9.02.	Stockholder Representative	22
	9.03.	Binding Effect; Assignment	23
	9.04.	No Third-Party Beneficiaries	23
	9.05.	Notices	23
	9.06.	Interpretation; Exhibits and Schedules; Certain Definitions	24
	9.07.	Entire Agreement; Amendments and Waivers	27
	9.08.	Severability	28
	9.09.	Jurisdiction; Waiver of Jury Trial	28
	9.10.	Governing Law	29
	9.11.	Counterparts	29

 

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AGREEMENT AND PLAN OF MERGER

 

THIS AGREEMENT AND
PLAN OF MERGER, dated as of March 27, 2014 (this “Agreement”), by and among Corbus Pharmaceuticals Holdings,
Inc., a Delaware corporation (“Parent”), Corbus Pharmaceuticals Acquisition, Inc., a Delaware corporation and
wholly owned subsidiary of Parent (“Merger Sub”), JB Therapeutics, Inc., a Delaware corporation (the “Company”),
and Yuval Cohen, as Stockholder Representative (the “Stockholder Representative”).

 

WHEREAS, the parties
intend that Merger Sub be merged with and into the Company (the “Merger”) with the Company surviving the Merger
on the terms and subject to the conditions set forth in this Agreement;

 

WHEREAS, as a condition
to the Merger, each of the Company Stockholders (as defined herein) listed on Schedule 1 is entering into a voting agreement
with Parent and the stockholders of Parent immediately prior to the Effective Time (as defined herein) (the “Voting Agreement”);

 

WHEREAS, concurrently
with the execution and delivery of this Agreement, and as a condition and inducement to Parent’s willingness to enter into
this Agreement, Parent and the Company will enter into a Placement Agency Agreement with Aegis Capital Corp, dated the date hereof,
pursuant to which Parent shall complete the closing of a private placement offering in the amount of at least Four Million Five
Hundred Thousand Dollars ($4,500,000) (the “Private Placement”) concurrently with, and as a condition to, the
Merger under this Agreement;

 

WHEREAS the Board of
Directors of the Company has (i) determined that it is in the best interests of the Company and its stockholders, and declared
it advisable, to enter into this Agreement, (ii) approved this Agreement in accordance with the General Corporation Law of the
State of Delaware (the “DGCL”), and (iii) resolved to recommend the adoption of this Agreement by the stockholders
of the Company; and

 

WHEREAS, the Board
of Directors of each of Parent and Merger Sub has approved and declared it advisable for Parent and Merger Sub, as the case may
be, to enter into, this Agreement and consummate the Merger.

 

NOW, THEREFORE, in
consideration of the premises and the mutual covenants and agreements hereinafter contained, the parties hereby agree as follows:

 

ARTICLE
I

The Merger

 

1.01.         The
Merger. On the terms and subject to the conditions of this Agreement and in accordance with the DGCL, at the Effective Time
(as defined herein), Merger Sub shall be merged with and into the Company. As a result of the Merger, the separate corporate existence
of Merger Sub shall cease and the Company shall continue as the surviving corporation of the Merger (the “Surviving Corporation”)
and a wholly owned subsidiary of Parent.

 

    	 

    	 

    

 

1.02.         Closing;
Effective Time.

 

  (a)          The
closing of the Merger (the “Closing”) shall take place at the offices of Lowenstein Sandler LLP, 1251 Avenue
of the Americas, New York, New York on the third business day after all of the conditions to the Closing set forth in ARTICLE VI
hereof are satisfied or waived (excluding conditions that, by their terms, cannot be satisfied until the Closing, but subject to
the satisfaction or waiver of such conditions). The date on which the Closing actually occurs is hereinafter referred to as the
“Closing Date.”

 

  (b)          At
the Closing, the parties hereto shall cause the Merger to be consummated by filing a certificate of merger (the “Certificate
of Merger”) with the Secretary of State of the State of Delaware, in such form as required by, and executed and filed
in accordance with, the relevant provisions of the DGCL (the date and time of the filing of the Certificate of Merger with the
Secretary of State of the State of Delaware, or such later time as is specified in the Certificate of Merger and as is agreed to
by the parties hereto, being hereinafter referred to as the “Effective Time”), and shall make all other filings
or recordings required under the DGCL in connection with the Merger.

 

1.03.         Effects
of the Merger. The Merger shall have the effects set forth in this Agreement and the applicable provisions of the DGCL. Without
limiting the generality of the foregoing and subject thereto, at the Effective Time, all the property, rights, privileges, immunities,
powers and franchises of the Company and Merger Sub shall vest in the Surviving Corporation and all debts, liabilities and duties
of the Company and Merger Sub shall become the debts, liabilities and duties of the Surviving Corporation.

 

1.04.         Certificate
of Incorporation; Bylaws.

 

  (a)          At
the Effective Time, the certificate of incorporation of Merger Sub in effect immediately prior to the Effective Time shall be the
certificate of incorporation of the Surviving Corporation as of the Effective Time until thereafter amended in accordance with
the DGCL; provided, however, that at the Effective Time, Article I of the certificate of incorporation of the Surviving
Corporation shall be amended and restated in its entirety to read as follows: “The name of the corporation is Corbus Pharmaceuticals,
Inc.”

 

  (b)          At
the Effective Time, the bylaws of Merger Sub as in effect immediately prior to the Effective Time shall be the bylaws of the Surviving
Corporation as of the Effective Time until thereafter amended in accordance with the DGCL and as provided in the certificate of
incorporation of the Surviving Corporation and such bylaws.

 

1.05.         Directors
and Officers.

 

  (a)          At
the Effective Time, the directors of Merger Sub shall be the individuals set forth on Schedule 1.05(a), each to hold the
office of a director of the Surviving Corporation in accordance with the DGCL and the certificate of incorporation and bylaws of
the Surviving Corporation until his or her successor is duly elected and qualified.

 

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(b)          Immediately
following the Effective Time, the directors of the Surviving Corporation as of the Effective Time, shall take all actions necessary
to appoint the individuals set for on Schedule 1.05(b) as the officers of the Surviving Corporation, each to hold office
in accordance with the provisions of the bylaws of the Surviving Corporation. The directors and officers of the Company immediately
prior to the Effective Time shall submit their resignations to be effective as of the Effective Time, which resignations shall
be a condition of the Merger.

 

ARTICLE
II

Effect of the Merger on the Capital Stock of the Constituent Corporations

 

2.01.         Effect
on Capital Stock. At the Effective Time, by virtue of the Merger and without any action on the part of the Company, Parent,
Merger Sub or any Company Stockholder (as defined herein) of any of the following securities:

 

  (a)          Conversion
of Common Stock and Preferred Stock.

 

  (i)          All
of the outstanding shares of common stock, $0.001 par value per share (the “Common Stock”) of the Company issued
and outstanding immediately prior to the Effective Time (each, a “Common Share”), other than any Cancelled Shares
(as defined herein), shall be converted into the right to receive, in the aggregate:

 

(A)         6,964,788
shares of Parent common stock (the “Parent Common Stock”), par value $0.0001 (the “Common Stock Consideration”).

 

  (ii)        All
of the outstanding shares of Series A Convertible Preferred Stock, $0.001 par value per share (the “Series A Convertible
Preferred Stock”) of the Company issued and outstanding immediately prior to the Effective Time (each, a “Series
A Convertible Preferred Share”), other than any Cancelled Shares, shall be converted into the right to receive, in the
aggregate:

 

(A)         1,835,212
shares of Parent Common Stock; and

 

(B)         917,612
warrants, equal to one warrant for every two Series A Convertible Preferred Shares owned, each warrant to purchase one share of
Parent Common Stock over a five year period at an exercise price of $1.00 per share (the “Warrants” and together
with the number of shares of Parent Common Stock set forth in Section 2.01(a)(ii) the “Series A Convertible
Preferred Stock Consideration”).

 

  (iii)        All
of the outstanding shares of Series A Non-Convertible Preferred Stock, $0.001 par value per share (the “Series A Non-Convertible
Preferred Stock” and together with the Series A Convertible Preferred Stock, the “Preferred Stock,”
and together with the Common Stock, the “Company Stock”) of the Company issued and outstanding immediately prior
to the Effective Time (each, a “Series A Non-Convertible Preferred Share” and together with the Series A Convertible
Preferred Shares and the Common Shares, the “Shares”), other than any Cancelled Shares, shall be converted into
the right to receive, in the aggregate:

 

    	-3-

    	 

    

 

(A)         200,000
shares of Parent Common Stock (the “Series A Non-Convertible Preferred Stock Consideration” and together with
the Series A Convertible Preferred Stock Consideration, the “Preferred Stock Consideration”).

 

Collectively, the Common Stock Consideration
and the Preferred Stock Consideration are referred to as the “Merger Consideration.” The aggregate Merger Consideration
shall consist of 9,000,000 shares of Parent Common Stock and warrants to purchase an aggregate of 917,612 shares of Parent Common
Stock and shall be distributed in the manner provided by Section 2.02 and as set forth on Exhibit A.

 

(b)          Exchange
of Company Options and Warrants.

 

(i)          Effective
as of the Effective Time, each issued and outstanding option (but excluding Company Warrants (as defined below)) to purchase or
otherwise acquire shares of Common Stock of the Company held by any Person (each a “Company Option”), whether
vested or unvested, that is outstanding and unexercised as of immediately prior to the Effective Time shall be substituted by Parent
for an option to acquire shares of Parent Common Stock (each a “Replacement Option”). Except as otherwise set
forth in this Agreement, each Company Option so substituted by Parent pursuant to this Section 2.01(b) shall continue
to have, and be subject to, substantially the same terms and conditions (including vesting terms) as in effect immediately prior
to the Effective Time, except that (x) such substituted Company Option shall be exercisable for that number of whole shares
of Parent Common Stock equal to the product of the number of shares of Company Common Stock that were issuable upon exercise of
such Company Option immediately prior to the Effective Time multiplied by the exchange ratio used to determine the Common Stock
Consideration set forth in Section 2.01(a)(i), rounded up to the nearest whole number of shares of Parent Common Stock and
(y) the per share exercise price for the shares of Parent Common Stock issuable upon exercise of such substituted Company
Option shall be equal to the quotient obtained by dividing the exercise price per share of Company Common Stock at which such substituted
Company Option was exercisable immediately prior to the Closing Date by such ratio, rounded up to the nearest whole cent. Notwithstanding
anything herein to the contrary, the exercise price of the Replacement Option, the number of shares purchasable pursuant to the
Replacement Option and the terms and conditions of exercise of the Replacement Option shall in all events be determined in order
to comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Code”), and in the case of any
Company Option to which Section 421 of the Code applies by reason of its qualification under Section 422 of the Code,
Section 424 of the Code.

 

(ii)         Effective
as of the Effective Time, each issued and outstanding warrant (but excluding Company Options) to purchase or otherwise acquire
shares of Common Stock of the Company held by any Person (each a “Company Warrant”), whether vested or unvested,
that is outstanding and unexercised as of immediately prior to the Effective Time shall be substituted by Parent for a warrant
to acquire shares of Parent Common Stock (each a “Replacement Warrant”). Except as otherwise set forth in this
Agreement, each Company Warrant so assumed by Parent pursuant to this Section 2.01(b) shall continue to have, and be
subject to, substantially the same terms and conditions (including vesting terms) as in effect immediately prior to the Effective
Time, except that (x) such substituted Company Warrant shall be exercisable for that number of whole shares of Parent Common
Stock equal to the product of the number of shares of Company Common Stock that were issuable upon exercise of such Company Warrant
immediately prior to the Effective Time multiplied by the exchange ratio used to determine the Common Stock Consideration set forth
in Section 2.01(a)(i), rounded up to the nearest whole number of shares of Parent Common Stock and (y) the per share
exercise price for the shares of Parent Common Stock issuable upon exercise of such substituted Company Warrant shall be equal
to the quotient obtained by dividing the exercise price per share of Company Common Stock at which such assumed Company Warrant
was exercisable immediately prior to the Closing Date by such ratio, rounded up to the nearest whole cent.

 

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(c)          Conversion
of Merger Sub Common Stock. Each share of capital stock of Merger Sub issued and outstanding immediately prior to the Effective
Time shall be converted into and become one validly issued, fully paid and nonassessable share of common stock of the Surviving
Corporation.

 

(d)          Cancelled
Shares. Each Share that is held in treasury by the Company immediately prior to the Effective Time (the “Cancelled
Shares”) shall, by virtue of the Merger and without any action on the part of the holder thereof, be cancelled and shall
cease to exist, and no consideration shall be delivered in exchange for such cancellation.

 

(e)          Cancellation
of Shares at Effective Time. At the Effective Time, all Shares issued and outstanding immediately prior to the Effective Time
shall no longer be outstanding and such Shares shall be cancelled and retired and shall cease to exist, and each certificate (a
“Certificate”) formerly representing any such Shares (other than such shares held by the Company) shall thereafter
represent only the right to receive the applicable portion of the Merger Consideration.

 

2.02.       Consideration.
At the Effective Time, Parent shall make the following distributions, in each case in accordance with the final Aggregate Consideration
Schedule (the “Aggregate Consideration Schedule”) delivered pursuant to Section 2.03:

 

(a)          Parent
shall issue or cause its transfer agent to issue to each holder of Common Stock, shares of the Common Stock Consideration, as adjusted
pursuant to this Agreement as set forth in the Aggregate Consideration Schedule.

 

(b)          Parent
shall issue or cause its transfer agent to issue to each holder of Preferred Stock, Shares of the Preferred Stock Consideration,
as adjusted pursuant to this Agreement as set forth in the Aggregate Consideration Schedule.

 

(c)          Prior
to any such disbursement and/or issuance to any Company Stockholder pursuant to Sections 2.02(a) and 2.02(b), such
Company Stockholder shall have delivered to Parent such Company Stockholder’s Certificate (or in lieu thereof, such documentation
as may be requested by Parent to comply with Section 2.04 below) and such Certificate shall forthwith be cancelled. All
Merger Consideration issued upon the surrender for exchange of Certificates shall be deemed to have been issued in full satisfaction
of all rights pertaining to the shares of Company Stock previously represented by such Certificates, and at the Effective Time
the stock transfer books of the Company shall be closed and there shall be no further registration or transfers on the stock transfer
books of the Surviving Company of the shares of Company Stock that were outstanding immediately prior to the Effective Time.

 

    	-5-

    	 

    

 

  (d)          No
certificates for fractional shares of Parent Common Stock or Warrants to purchase fractional shares of Parent Common Stock shall
be issued. In lieu of any fractional shares or Warrants to purchase a fractional share to which the Company Stockholders would
otherwise be entitled as a result of the distributions provided for herein, all stock issuances of Parent Common Stock or Warrant
amounts shall be rounded down to the nearest whole share, so that no more than the whole number of shares or Warrants represented
by the Merger Consideration, if any, shall be issued.

 

2.03.         Aggregate
Consideration Schedule. Attached hereto as Exhibit A is the Aggregate Consideration Schedule setting forth the calculation
of the amounts for distribution in accordance with Section 2.02.

 

2.04.         Lost,
Stolen or Destroyed Certificates. In the event any Certificates shall have been lost, stolen or destroyed, the agent shall
make such payment in exchange for such lost, stolen or destroyed Certificates upon the making of an affidavit of that fact by the
holder thereof.

 

2.05.         Adjustments.
Without limiting the other provisions of this Agreement, if at any time during the period between the date of this Agreement and
the Effective Time, any change in the number of outstanding Shares of Parent (or securities convertible or exchangeable into or
exercisable for Shares) shall occur as a result of a reclassification, recapitalization, stock split (including a reverse stock
split), or combination, exchange or readjustment of shares, merger or any stock dividend or stock distribution with a record date
during such period, the Merger Consideration shall be correspondingly adjusted to reflect such change.

 

2.06.         Withholding.
Notwithstanding any other provision in this Agreement, Parent, the Surviving Corporation or any other Person that has any withholding
obligation with respect to any payment made pursuant to this Agreement shall be entitled to deduct and withhold, or cause to be
deducted and withheld, from the consideration payable or otherwise deliverable to any Person pursuant to this Agreement such amounts
as may be required to be deducted and withheld under any provisions of federal, local or foreign tax law or under any applicable
legal requirements. To the extent that amounts are so deducted or withheld, such deducted or withheld amounts shall be treated
for all purposes of this Agreement as having been paid to the Person in respect of whom such deduction and withholding was made.

 

ARTICLE
III

Representations and Warranties Relating to the Company

 

The Company represents
and warrants to Parent as follows:

 

    	-6-

    	 

    

 

3.01.       Organization;
Capitalization.

 

(a)          The
Company is duly organized and validly existing in good standing under the laws of the jurisdiction in which it was formed, and
has the requisite power and authority to own its properties and to carry on its business as now being conducted. The Company is
not a party to any joint venture and does not directly or indirectly own or hold capital stock or an equity or similar interest
in any entity. The Company is duly qualified as a foreign entity to do business and is in good standing in every jurisdiction in
which its ownership of property or the nature of the business conducted by it makes such qualification necessary, except to the
extent that the failure to be so qualified or be in good standing would not have a Material Adverse Effect on the Company.

 

(b)          The
authorized capital stock of the Company consists of (i) 15,000,000 shares of Common Stock, and (ii) 6,000,000 shares of Preferred
Stock of which 200,000 shares are designated as Series A Non-Convertible Preferred Stock, 1,627,000 are designated as Series A
Convertible Preferred Stock, and 4,173,000 are undesignated. As of the date of this Agreement and the Closing, there are (i) 4,562,450
Common Shares issued and outstanding; and (ii) 1,402,199 shares of Preferred Stock issued and outstanding, of which 200,000 are
Series A Non-Convertible Preferred Stock and 1,202,199 are Series A Convertible Preferred Stock. Schedule 3.01(b) sets forth
(A) a complete and accurate list of all holders of Common Shares, Series A Convertible Preferred Shares and Series A Non-Convertible
Preferred Shares, indicating the number of Common Shares, Series A Convertible Preferred Shares and Series A Non-Convertible Preferred
Shares held by each holder; (B) all stock option plans and other stock or equity-related plans of the Company and (C) all
warrants outstanding.  All of the issued and outstanding Shares are duly authorized, validly issued, fully paid, nonassessable
and free of all preemptive rights.  Other than as listed in Schedule 3.01(b), there are no outstanding or authorized
options, warrants, rights, agreements or commitments to which the Company is a party or which are binding upon the Company providing
for the issuance or redemption of any of its capital stock. Other than as listed in Schedule 3.01(b), there are no outstanding
or authorized stock appreciation, phantom stock or similar rights with respect to the Company.  Except as set forth in
Schedule 3.01(b), there are no agreements to which the Company is a party or by which it is bound with respect to the voting
(including without limitation voting trusts or proxies), registration under the Securities Act of 1933, as amended, or sale or
transfer (including without limitation agreements relating to pre-emptive rights, rights of first refusal, co-sale rights or “drag-along”
rights) of any securities of the Company.  To the knowledge of the Company, there are no agreements among other parties,
to which the Company is not a party and by which it is not bound, with respect to the voting (including without limitation voting
trusts or proxies) or sale or transfer (including without limitation agreements relating to rights of first refusal, co-sale rights
or “drag-along” rights) of any securities of the Company.  All of the issued and outstanding Company Shares
were issued in compliance with applicable federal and state securities laws.

 

3.02.       Authority;
Execution and Delivery; Enforceability.

 

(a)          The
Company has all requisite power, authority and legal capacity to execute and deliver this Agreement and each Ancillary Agreement
to which the Company is a party, to perform its obligations hereunder and thereunder and to consummate the Merger and the other
transactions contemplated hereby and thereby. The execution, delivery and performance of this Agreement and the Ancillary Agreements
to which the Company is a party, and the consummation of the transactions contemplated hereby and thereby, have been duly authorized
and approved by all required action on the part of the Company and, except for (i) the adoption of this Agreement and the Ancillary
Agreements and the transactions contemplated hereunder and thereunder by the holders of the Company Stock and (ii) the filing and
recordation of appropriate merger documents as required by the DGCL, no other corporate or other proceedings on the part of the
Company are necessary to authorize this Agreement, the Ancillary Agreements and the transactions contemplated hereby or thereby.

 

    	-7-

    	 

    

 

(b)          When
received by the Company, the requisite consent of the Company Stockholders along with a completed questionnaire from each stockholder
containing customary representations for a private placement in a manner reasonably acceptable to Parent (collectively, the “Stockholders’
Consent”) shall comply in all respects with the Company’s certificate of incorporation and bylaws and the DGCL,
no other vote of or action by the stockholders of the Company is required to adopt and approve this Agreement or to consummate
the Merger or the other transactions contemplated hereby.

 

(c)          This
Agreement has been duly authorized, executed and delivered and constitutes, the valid and binding obligations of the Company, enforceable
against the Company in accordance with its terms (i) except as enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws now or hereafter in effect related to laws affecting creditors’ rights generally,
including the effect of statutory and other laws regarding fraudulent conveyances and preferential transfers, and except that no
representation is made herein regarding the enforceability of the Company’s obligations to provide indemnification and contribution
remedies under the securities laws and (ii) subject to the limitations imposed by general equitable principles (regardless of whether
such enforceability is considered in a proceeding at law or in equity).

 

3.03.       No
Conflicts. None of the execution and delivery of or performance by the Company under this Agreement or the consummation of
the transactions herein contemplated conflicts with or violates, or will result in the creation or imposition of, any lien, charge
or other encumbrance upon any of the assets of the Company under any agreement or other instrument to which the Company is a party
or by which the Company or its assets may be bound, or any term of the certificate of incorporation or by-laws of the Company,
or any license, permit, judgment, decree, order, statute, rule or regulation applicable to the Company or any of its assets, except
in the case of a conflict, violation, lien, charge or other encumbrance (except with respect to the Company’s Certificate
of Incorporation or By-laws) which would not reasonably be expected to, have an Material Adverse Effect on the Company.

 

3.04.       Financial
Statements.

 

(a)          The
Company’s unaudited financial statements as and for the period ended December 31, 2013 (the “Financial Statements”),
together with the related notes, if any, present fairly, in all material respects, the financial position of the Company as of
the dates specified and the results of operations for the periods covered thereby. Such financial statements and related notes
were prepared to conform with United States generally accepted accounting principles applied on a consistent basis throughout
the periods indicated. Except as set forth in such Financial Statements, the Company has no known material liabilities of any kind,
whether accrued, absolute, contingent, or otherwise. All other financial and statistical information provided to the Parent by
the Company with respect to the Company present fairly in all material respects the information shown therein on a basis consistent
with the Financial Statements of the Company. The Company does not know of any facts, circumstances or conditions which could reasonably
be expected to have a Material Adverse Effect, except as set forth on Schedule 3.04(a).

 

    	-8-

    	 

    

 

(b)          Except
as set forth on Schedule 3.04(b), since the date of the Company’s most recent Financial Statements, there has been
no Material Adverse Effect on the Company. Except as set forth on Schedule 3.04(b), since the date of the Company’s
most recent Financial Statements, the Company has not (i) declared or paid any dividends, (ii) sold any assets, individually or
in the aggregate, in excess of $75,000 outside of the ordinary course of business or (iii) had capital expenditures, individually
or in the aggregate, in excess of $75,000. The Company has not taken any steps to seek protection pursuant to any bankruptcy law
nor does the Company have any knowledge or reason to believe that its creditors intend to initiate involuntary bankruptcy proceedings
or any actual knowledge of any fact which would reasonably lead a creditor to do so.

 

3.05.         Indebtedness.
Except as set forth on Schedule 3.05, the Company (i) has no outstanding Indebtedness (as defined herein) in excess of $1,000,000,
(ii) is not a party to any contract, agreement or instrument, the violation of which, or default under which, by the other party(ies)
to such contract, agreement or instrument would result in a Material Adverse Effect, or (iii) is not in violation of any term of
or in default under any contract, agreement or instrument relating to any Indebtedness, except where such violations and defaults
would not result, individually or in the aggregate, in a Material Adverse Effect.

 

3.06.         Governmental
Authorizations. The conduct of business by the Company as presently, and proposed to be conducted as set forth in that certain
Confidential Private Placement Memorandum dated March 27, 2014 (the “Memorandum”), is subject to continuing
oversight, supervision, regulation or examination by any governmental official or body of the United States, or any other jurisdiction
wherein the Company conducts, or proposes to conduct, such business, as described in the Memorandum. The Company has obtained all
material licenses, permits and other governmental authorizations necessary to conduct its business as presently conducted. The
Company has not received any written notice of any violation of, or noncompliance with, any federal, state, local or foreign laws,
ordinances, regulations and orders (including, without limitation, those relating to environmental protection, occupational safety
and health, securities laws, equal employment opportunity, consumer protection, credit reporting, “truth-in-lending”,
and warranties and trade practices) applicable to its business, the violation of, or noncompliance with, would have an Material
Adverse Effect on the Company, and the Company knows of no facts or set of circumstances which could give rise to such a notice.

 

3.07.         Company
Agreements. Except as set forth on Schedule 3.07, no default by the Company or, to the knowledge of the Company, any other
party, exists in the due performance under any material agreement to which the Company is a party or to which any of its assets
is subject (collectively, the “Company Agreements”). The Company Agreements are in full force and effect in
accordance with their respective terms, subject to any applicable bankruptcy, insolvency or other laws affecting the rights of
creditors generally and to general equitable principles and the availability of specific performance.

 

    	-9-

    	 

    

 

3.08.         Intellectual
Property. The Company owns all right, title and interest in, or possesses enforceable rights to use, all patents, patent applications,
trademarks, service marks, copyrights, rights, licenses, franchises, trade secrets, confidential information, processes and formulations
necessary for the conduct of its business as now conducted (collectively, the “Intellectual Property”). To the
knowledge of the Company, the Company has not infringed upon the rights of others with respect to the Intellectual Property and,
except as set forth on Schedule 3.08, the Company has not received written notice that it has or may have infringed or is
infringing upon the rights of others with respect to the Intellectual Property, or any written notice of conflict with the asserted
rights of others with respect to the Intellectual Property. To the knowledge of the Company, no others have infringed upon the
rights of the Company with respect to the Intellectual Property. Except as set forth on Schedule 3.08, none of the Company’s
Intellectual Property have expired or terminated, or are expected to expire or terminate, within three years from the date of this
Agreement.

 

3.09.         Employee
Matters. The Company is not a party to any collective bargaining agreement nor does it employ any member of a union. No executive
officer of the Company (as defined in Rule 501(f) of the Act) has notified the Company that such officer intends to leave the Company
or otherwise terminate such officer's employment with the Company. No executive officer of the Company, to the knowledge of the
Company, is in violation of any material term of any employment contract, confidentiality, disclosure or proprietary information
agreement, non-competition agreement, or any other contract or agreement or any restrictive covenant, and the continued employment
of each such executive officer does not subject the Company to any liability with respect to any of the foregoing matters. The
Company is in compliance with all federal, state, local and foreign laws and regulations respecting labor, employment and employment
practices and benefits, terms and conditions of employment and wages and hours, except where failure to be in compliance would
not, either individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect on the Company.

 

3.10.         Proceedings.
Except as set forth on Schedule 3.10, there are no actions, suits, claims, hearings or proceedings pending before any court
or governmental authority or, to the knowledge of the Company, threatened, against the Company, or involving its assets or any
of its officers or directors (in their capacity as such) which, if determined adversely to the Company or such officer or director,
could reasonably be expected to have a Material Adverse Effect on the Company or adversely affect the transactions contemplated
by this Agreement or the enforceability thereof.

 

3.11.         Compliance.
The Company is not: (i) in violation of its Certificate of Incorporation or By-laws; (ii) in default of any indenture, mortgage,
deed of trust, note or other agreement or instrument to which the Company is a party or by which it is or may be bound or to which
any of its assets may be subject, the default of which could reasonably be expected to have a Material Adverse Effect on the Company;
(iii) in violation of any statute, rule or regulation applicable to the Company, the violation of which would have a Material Adverse
Effect on the Company; or (iv) in violation of any judgment, decree or order of any court or governmental body having jurisdiction
over the Company and specifically naming the Company, which violation or violations individually, or in the aggregate, could reasonably
be expected to have a Material Adverse Effect on the Company.

 

    	-10-

    	 

    

 

3.12.         Related
Party Transactions. Except as set forth on Schedule 3.12, as of the date of this Agreement, no current or former stockholder,
director, officer or employee of the Company, nor, to the knowledge of the Company, any affiliate of any such person is presently,
directly or indirectly through his affiliation with any other person or entity, a party to any loan from the Company or any other
transaction (other than as an employee) with the Company providing for the furnishing of services by, or rental of any personal
property from, or otherwise requiring cash payments to any such person.

 

3.13.         Taxes.
Except as set forth on Schedule 3.13, the Company has filed, on a timely basis, each federal, state, local and foreign tax
return, report and declarations that were required to be filed, or has requested an extension therefor and has paid all taxes and
all related assessments, charges, penalties and interest to the extent that the same have become due. There are no unpaid taxes
in any material amount claimed to be due by the taxing authority of any jurisdiction, and the officers of the Company know of no
basis for any such claim. The Company has not executed a waiver with respect to the statute of limitations relating to the assessment
or collection of any foreign, federal, state or local tax. To the Company’ knowledge, none of the Company’ tax returns
are presently being audited by any taxing authority. No liens have been filed and no claims are being asserted by or against the
Company with respect to any taxes (other than liens for taxes not yet due and payable). The Company has not received written notice
of assessment or proposed assessment of any taxes claimed to be owed by it or any other Person on its behalf. The Company is not
a party to any tax sharing or tax indemnity agreement or any other agreement of a similar nature that remains in effect. The Company
has complied in all material respects with all applicable legal requirements relating to the payment and withholding of taxes and,
within the time and in the manner prescribed by law, has withheld from wages, fees and other payments and paid over to the proper
governmental or regulatory authorities all amounts required.

 

ARTICLE
IV

Representations and Warranties of Parent 

 

Parent and Merger Sub
hereby, jointly and severally, represent and warrant to the Company as follows:

 

4.01.       Organization;
Capitalization.

 

(a)          Each
of Parent and Merger Sub is duly organized and validly existing in good standing under the laws of the jurisdiction in which it
was formed, and has the requisite power and authority to own its properties and to carry on its business as now being conducted.
Neither Parent nor Merger Sub is a party to any joint venture and neither directly or indirectly own or hold capital stock or an
equity or similar interest in any entity. Each of Parent and Merger Sub is duly qualified as a foreign entity to do business and
is in good standing in every jurisdiction in which its ownership of property or the nature of the business conducted by it makes
such qualification necessary, except to the extent that the failure to be so qualified or be in good standing would not have a
Material Adverse Effect on Parent or Merger Sub, as applicable. Each of Parent and Merger Sub owns, directly or indirectly, all
of the capital stock or other equity interests of each subsidiary free and clear of any liens, and all the issued and outstanding
securities of capital stock of each subsidiary are validly issued and are fully paid, non-assessable and free of preemptive and
similar rights to subscribe for or purchase securities.

 

    	-11-

    	 

    

 

(b)          The
authorized capital stock of the Parent consists of 150,000,000 shares of Parent Common Stock, of which 6,000,000 shares were issued
and outstanding as of the date of this Agreement, and 10,000,000 shares of preferred stock, par value $0.0001 per share, none of
which was issued and outstanding as of the date of this Agreement.   All of the issued and outstanding shares of Parent
Common Stock are duly authorized, validly issued, fully paid, nonassessable and free of all preemptive rights.  There
are no outstanding or authorized, warrants, options to purchase common stock, stock appreciation, phantom stock or similar rights
with respect to the Parent.  There are no agreements to which the Parent is a party or by which it is bound with respect
to the voting (including without limitation voting trusts or proxies), registration under the Securities Act of 1933, as amended,
or sale or transfer (including without limitation agreements relating to pre-emptive rights, rights of first refusal, co-sale rights
or “drag-along” rights) of any securities of the Parent.  There are no agreements among other parties, to
which the Parent is not a party and by which it is not bound, with respect to the voting (including without limitation voting trusts
or proxies) or sale or transfer (including without limitation agreements relating to rights of first refusal, co-sale rights or
“drag-along” rights) of any securities of the Parent.  All of the issued and outstanding shares of Parent
Common Stock were issued in compliance with applicable federal and state securities laws.  The approximately 9,000,000
shares of Parent Common Stock to be issued at the Closing, when issued and delivered in accordance with the terms hereof and of
the Certificate of Merger, shall be duly and validly issued, fully paid and nonassessable and free of all preemptive rights and
will be issued in compliance with applicable federal and state securities laws. Furthermore, the 329,617 and 905,336 shares of
Parent Common Stock underlying the Replacement Warrants and the Replacement Options, respectively, to be issued at the Closing
have been duly and validly authorized and reserved for issuance, and when issued in accordance with the terms of the Replacement
Warrants and the Replacement Options, as the case may be, shall be duly and validly issued, fully paid and nonassessable and free
of all preemptive rights and will be issued in compliance with applicable federal and state securities laws. Immediately after
the Closing, without giving effect to the private placement offering contemplated by the Memorandum, there will be 15,000,000 shares
of Parent Common Stock issued and outstanding.

 

4.02.         Authority.
Each of Parent and Merger Sub has all requisite corporate power and authority to conduct its business as presently conducted and
as proposed to be conducted, to enter into and perform its obligations under this Agreement and the Ancillary Agreements. This
Agreement has been duly authorized, executed and delivered and constitutes the valid and binding obligations of Parent or Merger
Sub, as applicable, enforceable against each of Parent or Merger Sub, as applicable, in accordance with their respective terms
(i) except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws
now or hereafter in effect related to laws affecting creditors’ rights generally, including the effect of statutory and other
laws regarding fraudulent conveyances and preferential transfers, and (ii) subject to the limitations imposed by general equitable
principles (regardless of whether such enforceability is considered in a proceeding at law or in equity).

 

    	-12-

    	 

    

 

4.03.         No
Conflicts. Neither the execution and delivery of, or performance by Parent or Merger Sub under this Agreement or any of the
other Ancillary Agreements nor the consummation of the transactions herein or therein contemplated conflicts with or violates,
or will result in the creation or imposition of, any lien, charge or other encumbrance upon any of the assets of Parent or Merger
Sub under any agreement or other instrument to which Parent or Merger Sub is a party or by which Parent or Merger Sub or their
assets may be bound, or any term of the certificate of incorporation or by-laws of Parent or Merger Sub, or any license, permit,
judgment, decree, order, statute, rule or regulation applicable to Parent or Merger Sub or any of their assets, except in the case
of a conflict, violation, lien, charge or other encumbrance (except with respect to Parent’s certificate of incorporation
or by-laws) which would not, or could not reasonably be expected to, have a Material Adverse Effect on Parent or Merger Sub, as
applicable.

 

4.04.         Governmental
Authorizations. No consent, authorization or filing of or with any court or governmental authority is required in connection
with the issuance or the consummation of the transactions contemplated herein or in the Ancillary Agreements.

 

4.05.         Proceedings.
There are no actions, suits, claims, hearings or proceedings pending before any court or governmental authority or, to the knowledge
of Parent, threatened, against Parent or Merger Sub, or involving their assets or any of their officers or directors (in their
capacity as such) which, if determined adversely to Parent, Merger Sub or their respective officers or directors, could not reasonably
be expected to have a Material Adverse Effect on Parent or Merger Sub, as applicable or adversely affect the transactions contemplated
by this Agreement or the enforceability thereof.

 

4.06.         No
Operations. Since its date of formation and as of the date hereof, neither the Parent nor Merger Sub has conducted any business
or operations other than negotiating and executing such definitive documentation necessary to duly form and capitalize Parent and
Merger Sub.

 

ARTICLE
V

Covenants

 

5.01.         Conduct
of Business Pending Closing. From the date hereof until the Closing, the Company will:

 

  (a)          maintain
its existence in good standing;

 

  (b)          maintain
the general character of its business and properties and conduct its business in the Ordinary Course of Business, except as otherwise
expressly permitted by this Agreement;

 

  (c)          maintain
its business and accounting records consistent with past practices;

 

  (d)          file
on a timely basis with the appropriate taxing authorities all tax returns required to be filed, and pay all taxes due, before the
Closing Date; and

 

    	-13-

    	 

    

 

(e)          use
commercially reasonable efforts to (i) preserve its business intact, and (ii) keep available to the Company the services of its
present officers and employees.

 

5.02.       Prohibited
Actions Pending Closing. Unless otherwise expressly permitted herein or approved by Parent in writing, from the date hereof
until the Closing, the Company shall not:

 

(a)          declare,
set aside or pay any dividend or other distribution in respect of any shares of capital stock of the Company or repurchase, redeem
or acquire any outstanding shares of capital stock or other securities of, or other ownership interest in, the Company;

 

(b)          merge,
consolidate or adopt a plan of complete or partial liquidation, dissolution, restructuring, recapitalization or other reorganization
involving the Company, other than the Merger;

 

(c)          split,
combine or reclassify any shares of capital stock of the Company or other securities of the Company or amend the terms of any such
stock or securities;

 

(d)          change
accounting or tax reporting principles, methods or policies of the Company; 

 

(e)          make,
change or rescind any material election concerning taxes or tax returns, file any amended tax return, enter into any closing agreement
with respect to taxes, settle or compromise any material tax claim or assessment or surrender any right to claim a refund of taxes
or obtain any tax ruling;

 

(f)          enter
into any transaction other than in the Ordinary Course of Business;

 

(g)          make
any loans, advances or capital contributions to, or investments in, any Person or pay any fees to any director, officer, partner
or Affiliate thereof or to any Company Stockholder (who is not a director, officer or partner) or Affiliate of any Company Stockholder
(other than business expenses incurred in the Ordinary Course of Business); 

 

(h)          (i)
mortgage, pledge or subject to any lien any of its assets, or (ii) acquire any assets or sell, assign, transfer, convey, lease
or otherwise dispose of any assets of the Company, except, in the case of clause (ii), in the Ordinary Course of Business;

 

(i)          cancel
or compromise any Indebtedness or amend, cancel, terminate, relinquish, waive or release any contract or right, in each case, except
in the Ordinary Course of Business, and which, in the aggregate, would not be material to the Company taken as a whole;

 

(j)          make
or commit to make any capital expenditures or capital additions or betterments in excess of $30,000 individually or $75,000 in
the aggregate; 

 

(k)          issue,
create, incur, assume, guarantee, endorse or otherwise become liable or responsible with respect to (whether directly, contingently,
or otherwise) any Indebtedness where such Indebtedness of the Company exceeds, in the aggregate, $100,000 other than legal fees
and expenses in connection with the Merger and the Private Placement; 

 

    	-14-

    	 

    

 

(l)          institute
or settle any legal proceeding; and

 

(m)          agree,
commit, arrange or enter into any understanding to do anything set forth in this Section 5.02.

 

5.03.       Access
to Information. The Company shall, and shall cause its officers, directors, employees and agents to, afford the officers, employees
and agents of Parent complete access at all reasonable times, from the date hereof to the Effective Time, to its officers, employees,
agents, properties, books and records, and shall furnish Parent all financial, operating and other data and information as Parent,
through its officers, employees or agents, may reasonably request. Parent shall keep all information discovered in the course of
such investigation confidential.

 

5.04.       Reasonable
Efforts to Close. Subject to the terms and conditions provided in this Agreement, each of the parties hereto shall use reasonable
best efforts to take promptly, or cause to be taken promptly, all actions, and to do promptly, or cause to be done promptly, all
things necessary, proper or advisable under applicable Law to consummate and make effective the Merger and the other transactions
contemplated hereby as promptly as practicable, including by using commercially reasonable efforts to take all action necessary
to satisfy all of the conditions to the obligations of the other party or parties hereto to effect the Merger set forth in ARTICLE
VI, to obtain all necessary waivers, consents, approvals and other documents required to be delivered hereunder and to effect all
necessary registrations and filings and to remove any injunctions or other impediments or delays, legal or otherwise, in each case
in order to consummate and make effective the Merger and the other transactions contemplated by this Agreement for the purpose
of securing to the parties hereto the benefits contemplated by this Agreement.

 

5.05.       Stockholder
Approval.

 

(a)          Immediately
following the execution of this Agreement, the Company shall obtain the Stockholders’ Consent through the execution of a
written consent in the form attached hereto as Exhibit B (the “Stockholder Written Consent”).

 

(b)          Immediately
following the execution of this Agreement, Merger Sub shall deliver a written consent evidencing stockholder consent (“Parent’s
Consent”).

 

5.06.       Tax
Matters. The following provisions shall govern the allocation of responsibility between Parent and the Company Stockholders
for certain tax matters following the Closing Date.

 

(a)          Responsibility
for Filing Tax Returns. The Stockholder Representative shall timely file all tax returns required to be filed by the Company
in respect of any pre-closing tax period and shall pay or cause to be paid all taxes shown due thereon. All such tax returns shall
be prepared in a manner consistent with the Company’s prior practice. The Stockholder Representative shall provide Parent
with copies of such completed tax returns at least twenty (20) days prior to the due date for filing thereof, along with supporting
work papers, for Parent’s review and approval which shall not be unreasonably withheld or delayed. The Stockholder Representative
and Parent shall attempt in good faith to resolve any disagreements regarding such tax returns prior to the due date for filing.
In no event shall the Stockholder Representative file any tax return relating to the Company without the prior approval of Parent,
which shall not be unreasonably withheld or delayed.

 

    	-15-

    	 

    

 

(b)          Cooperation
on Tax Matters.

 

(i)          The
parties hereto shall cooperate fully, as and to the extent reasonably requested by the other party, in connection with the filing
of tax returns pursuant to Section 5.06(a) (including signing any such tax returns) above and any audit or legal proceeding
with respect to taxes. Such cooperation shall include the retention and (upon the other party’s request) the provision of
records and information which are reasonably relevant to any such audit or legal proceeding and making employees available on a
mutually convenient basis to provide additional information and explanation of any material provided hereunder.

 

(ii)         Parent
and the Stockholder Representative, on behalf of the Company Stockholders, further agree, upon request, to use their respective
best efforts to obtain any certificate or other document from any taxing authority or any other Person as may be necessary to mitigate,
reduce, or eliminate any tax that could be imposed (including, but not limited to, with respect to the transactions contemplated
hereby).

 

(c)          Certain
Taxes.  The Stockholder Representative shall, at the Parent’s expense, file all necessary tax returns and other
documentation with respect to all transfer, documentary, sales, use, stamp, registration and other such taxes, and all conveyance
fees, recording charges and other fees and charges (including any penalties and interest) incurred in connection with the consummation
of the transactions contemplated by this Agreement, and, if required by applicable Law, Parent will join in the execution of any
such tax returns and other documentation.

 

(d)          Survival
of Obligations. Notwithstanding any other provision in this Agreement to the contrary, the obligations of the parties set forth
in this Section 5.06 shall be unconditional and absolute and shall remain in effect without limitation as to time or amount.

 

(e)          Reorganization.
It is intended that the transactions contemplated by this Agreement qualify and be treated as a “reorganization” within
the meaning of section 368(a) of the Code, by reason of Code section 368(a)(2)(E). Unless applicable law or a governmental authority
requires otherwise, the parties agree for income tax purposes to report the transaction consistently with the preceding sentence.

 

5.07.         Publicity.
No party to this Agreement shall directly or indirectly make any public announcement or statement regarding this Agreement, the
Ancillary Agreements or the transactions contemplated hereby or thereby without the prior consent of Parent and the Company, such
consent not to be unreasonably withheld, except as such release or announcement may be required by Law or the rules or regulations
of any United States or foreign securities exchange or automated quotation system, in which case the party required to make the
release or announcement shall allow the other party reasonable time to comment on such release or announcement in advance of such
issuance

 

    	-16-

    	 

    

 

5.08.         Confidentiality.
Each of the Company Stockholders and Parent shall (and shall cause each of its respective representatives to) maintain in confidence
and not directly or indirectly, use, disseminate, disclose or publish, or use for such Company Stockholder’s or Parent’s
benefit or the benefit of any person, firm, corporation or other entity any confidential or proprietary information of or relating
to the Company, the transactions contemplated by this Agreement or the Ancillary Agreements or the Merger Consideration (collectively,
the “Confidential Information”), or deliver to any person, firm, corporation or other entity any document, record,
notebook, computer program or similar repository of or containing any such Confidential Information. Each of the Company Stockholders,
Merger Sub and Parent hereby stipulate and agree that as between them, the Confidential Information is important, material and
affects the successful conduct of the business of the Company as currently conducted and as contemplated to be conducted by the
Surviving Corporation following the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements.

 

5.09.         Resignations.
On the Closing Date, the Company shall cause to be delivered to Parent duly executed resignations, effective as of the Effective
Time, of all directors and officers of the Company and shall take such other action as is necessary to accomplish the foregoing.

 

5.10.         Employment
Agreements and Non-Disclosure and Invention Assignment Agreements (“NDIAs”). On or prior to the Closing
Date, Parent shall enter into employment agreements and NDIAs with each of Yuval Cohen Ph.D., Mark Tepper Ph.D., and Sean Moran.
(each an “Employment Agreement Recipient”).

 

5.11.         Voting
Agreements. On or prior to the Closing Date, the Company Stockholders and the stockholders of Parent shall enter into the Voting
Agreement in the form and substance of the agreement annexed hereto as Exhibit C.

 

5.12.         Appointment
of Directors and Officers of Parent.

 

  (a)          On
or prior to the Closing Date, Parent shall cause the Board of Directors to constitute the individuals set forth on Schedule
1.05(a) effective as of the Effective Time (the “Effective Time Parent Board”) and shall take such other
action as is necessary to accomplish the foregoing.

 

  (b)          On
or prior to the Closing Date, Parent shall cause the Effective Time Parent Board to appoint the individuals to the offices set
forth opposite their respective names on Schedule 1.05(b) effective as of the Effective Time (the “Effective Time
Parent Officers”) and shall take such other action as is necessary to accomplish the foregoing.

 

5.13.         Further
Assurances. From time to time, as and when requested by any party, each party shall execute and deliver, or cause to be executed
and delivered, all such documents and instruments and shall take, or cause to be taken, all such further or other actions, as such
other party may reasonably deem necessary or desirable to consummate the transactions contemplated by this Agreement.

 

    	-17-

    	 

    

 

ARTICLE
VI

Conditions to Closing

 

6.01.       Conditions
Precedent to Each Party’s Obligation to Effect the Merger. The respective obligations of each party hereto to effect
the Merger shall be subject to the fulfillment or satisfaction, prior to or on the Closing Date of the following conditions:

 

(a)          Completion
of the Private Placement. On or before the Closing Date, Parent shall have closed on at least Four Million Five Hundred Thousand
Dollars ($4,500,000) in the Private Placement.

 

(b)          Stockholder
Approval. The Company shall have obtained the Stockholders’ Consent to the Merger and the other transactions contemplated
by this Agreement.

 

(c)          Parent
Consent. Merger Sub shall have obtained Parent’s Consent to the Merger and the other transactions contemplated by this
Agreement pursuant to the Parent Written Consent delivered to the Company.

 

(d)          No
Legal Impediments. As of the Closing Date, there shall not be any suit, action or proceeding by any Governmental Entity before
any court or Governmental Entity seeking to restrain or prohibit the consummation of this Agreement or any of the other transactions
contemplated by this Agreement.

 

(e)          Other
Consents. On or before the Closing Date, Parent, Merger Sub and the Company have each obtained and delivered, as applicable,
all necessary board, shareholder and third party consents required pursuant to this Agreement.

 

(f)          Completion
of Due Diligence. Each of Parent and the Company, in its reasonable discretion, shall have completed all necessary technical
and legal due diligence.

 

6.02.       Conditions
Precedent to Obligations of Parent and Merger Sub. All obligations of Parent and Merger Sub under this Agreement are further
subject to the fulfillment, satisfaction or (to the extent permitted by Law) waiver by Parent, prior to or on the Closing Date,
of each of the following conditions precedent:

 

(a)          Representations
and Warranties. Each of the Company’s representations and warranties contained in ARTICLE III of this Agreement shall
be true and correct in all material respects on and as of the Closing Date with the same effect as though such representations
and warranties were made on and as of the Closing Date, except to the extent that any representations and warranties expressly
relate to an earlier date, in which case such representations and warranties shall be evaluated as of such earlier date.

 

(b)          Covenants.
The Company shall have performed and complied in all material respects with all covenants and obligations under this Agreement
required to be performed and complied with by the Company prior to the Closing.

 

    	-18-

    	 

    

 

(c)          Officer’s
Certificate. Parent shall have received a certificate from the Company, validly executed by the Chief Executive Officer of
the Company for and on the Company’s behalf, to the effect that, as of the Closing the conditions set forth in Sections
6.02(a) and 6.02(b) have been satisfied.

 

(d)          No
Material Indebtedness. Parent shall have received a certificate from the Company, validly executed by the Company’s Chief
Financial Officer certifying that as of the Closing Date, the Company’s liabilities do not exceed One Million Dollars ($1,000,000)
in the form of accounts payable, notes payable and accrued expenses, other than legal and accounting expenses in connection with
the Merger and the Private Placement. The Company shall not be a party to or bound by any instrument or agreement relating to any
material indebtedness that would limit the issuance or cancellation of any securities pursuant to this Agreement.

 

(e)          Employment
Agreements and NDIAs. Parent shall have received executed copies of the employment agreements and NDIAs from each of the Employment
Agreement Recipients.

 

(f)          Voting
Agreement. Parent shall have received executed counterparts of the Voting Agreement from the Company Stockholders set forth
on Schedule 6.02(g).

 

(g)          No
Material Adverse Effect on the Company. As of the Closing Date, there shall not have occurred any event and no circumstance
shall exist which, alone or together with any one or more other events or circumstances has had, is having or would reasonably
be expected to have a Material Adverse Effect on the Company.

 

6.03.       Conditions
Precedent to the Company’s Obligations. All obligations of the Company under this Agreement are further subject to the
fulfillment, satisfaction, or (to the extent permitted by Law) waiver by the Company prior to or on the Closing Date, of each of
the following conditions precedent:

 

(a)          Representations
and Warranties. Each of Parent’s and Merger Sub’s representations and warranties contained in ARTICLE IV of this
Agreement shall be true and correct in all respects on and as of the Closing with the same effect as though such representations
and warranties were made on and as of the Closing, except to the extent that any representations and warranties expressly relate
to an earlier date, in which case such representations and warranties shall be evaluated as of such earlier date.

 

(b)          Covenants.
Each of Parent and Merger Sub shall have performed and complied in all material respects with all covenants and obligations under
this Agreement required to be performed and complied with by the Company prior to the Closing.

 

(c)          Officer’s
Certificate. The Company shall have received a certificate from Parent, validly executed by the Chief Executive Officer of
Parent for and on the Parent’s and Merger Sub’s behalf, to the effect that, as of the Closing the conditions set forth
in Sections 6.03(a) and 6.03(b), have been satisfied.

 

    	-19-

    	 

    

 

(d)          No
Indebtedness; Cash. The Company shall have received a certificate from Parent, validly executed by Parent’s Chief Financial
Officer, certifying that as of the Closing Date, (i) neither Parent nor Merger Sub has any liabilities and is are not a party to
or bound by an instrument or agreement relating to indebtedness of Parent or Merger Sub and (ii) Parent has cash of at least $60,000
after deduction for all legal and other expenses payable by Parent and Merger Sub in connection with the Merger and the Private
Placement.

 

(e)          Voting
Agreement. The Company shall have received executed counterparts of the Voting Agreement from Parent and the stockholders of
Parent set forth on Schedule 6.03(e).

 

(f)          Equity
Plan. The Company shall have received evidence that Parent has adopted an equity incentive plan providing for the grant of
awards to qualified participants of up to fifteen percent (15%) of Parent’s fully-diluted capitalization, assuming the maximum
offering contemplated by the Private Placement, is sold.

 

(g)          Employment
Agreements and NDIAs. As of the Closing Date, each Employment Agreement Recipient shall have received an executed copy of his
employment agreement and NDIA, validly executed by Parent.

 

(h)          Effective
Time Parent Board. As of the Closing Date, the Company shall have received evidence that the Effective Time Parent Board constitutes
the board of Directors of Parent, which shall not be changed, modified or amended by Parent as of the Effective Time.

 

(i)          Effective
Time Parent Officers. As of the Closing Date, the Company shall have received evidence that the Effective Time Parent Officers
have been duly appointed by the Effective Time Parent Board, which shall not be changed, modified or amended by Parent as of the
Effective Time.

 

6.04.         Frustration
of Closing Conditions. None of the Company, Parent or Merger Sub may rely on the failure of any condition set forth in Sections
6.01, 6.02 or 6.03, as the case may be, to be satisfied if such failure was caused by such party’s failure
to use reasonable best efforts to consummate the Merger and the other transactions contemplated by this Agreement, as required
by and subject to Section 5.04.

 

ARTICLE
VII

Termination

 

7.01.        Termination.
This Agreement may be terminated, and the Merger may be abandoned, at any time prior to the Effective Time whether before or after
the approval and adoption of this Agreement and the transactions contemplated hereby by the stockholders of the Company or the
stockholder of Merger Sub:

 

(a)          by
the mutual agreement of Parent and the Company;

 

(b)          by
Parent or Merger Sub, in the event the Company fails to deliver the Stockholder Written Consent to Parent on or before July 31,
2014;

 

    	-20-

    	 

    

 

(c)          by
Parent or Merger Sub, in the event the Company materially breaches or fails to perform any representation, warranty, covenant or
agreement on the part of the Company set forth in this Agreement unless such breach or failure is cured within fifteen (15) days
after written notice to the Company by Parent or Merger Sub;

 

(d)          by
Company, in the event that either Parent or Merger Sub materially breaches or fails to perform any representation, warranty, covenant
or agreement on the part of either Parent or Merger Sub, as applicable, set forth in this Agreement unless such breach or failure
is cured within fifteen (15) days after written notice to Parent or Merger Sub, as applicable, from the Company; or

 

(e)          by
Parent, Merger Sub or the Company if (i) the Effective Time shall not have occurred by July 31, 2014, which date may be extended
by Parent, Merger Sub and the Company in their joint discretion until August 31, 2014; provided that the right to terminate
this Agreement under this Section 7.01(e) shall not be available to any party whose failure to fulfill any obligation under
this Agreement has been the cause of, or resulted in, the failure of the Effective Time to occur on or before such date; or (ii)
any court of competent jurisdiction in the United States or other Governmental Entity shall have issued an order, decree, ruling
or taken any other action restraining, enjoining or otherwise prohibiting the Merger and such order, decree, ruling or other action
shall have become final and nonappealable.

 

7.02.         Effect
of Termination. In the event of the termination of this Agreement as provided in Section 7.01, written notice shall
be given by the terminating party to the other parties hereto and this Agreement shall forthwith become void and there shall be
no liability on the part of Parent, Merger Sub or the Company, except that nothing herein will relieve any party from liability
for fraud or for any willful breach of any representation or warranty or any willful breach prior to such termination of any covenant
or agreement contained herein or be deemed to waive any rights of specific performance of this Agreement available to a party by
reason of any breach by the other party or parties of this Agreement.

 

ARTICLE
VIII

Survival

 

8.01.         Survival
of Representations and Warranties. The representations and warranties of the parties contained in this Agreement, any certificate
delivered pursuant hereto or any Ancillary Agreement shall survive the Closing for a period of four years from the earlier to occur
of the final closing of the Private Placement (as contemplated by the transaction documents governing the Private Placement) or
the termination of the Private Placement.

 

ARTICLE
IX

General Provisions

 

9.01.         Fees
and Expenses. The Parent and Merger Sub, on the one hand, and the Company, on the other hand, shall each pay all of their own
costs and expenses incurred in connection with this Agreement and the Ancillary Agreements and the transactions contemplated hereby
and thereby.

 

    	-21-

    	 

    

 

9.02.       Stockholder
Representative.

 

(a)          Yuval
Cohen is hereby appointed as representative, attorney-in-fact and agent, with full power of substitution to act in the name, place
and stead of each Company Stockholders to take all actions necessary or appropriate in the judgment of the Stockholder Representative
for the accomplishment of the terms of this Agreement, and to act on behalf of each Company Stockholder in any amendment of or
litigation or arbitration involving this Agreement or any Ancillary Agreement and to do or refrain from doing all such further
acts and things, and to execute all such documents, as such Stockholder Representative shall deem necessary or appropriate in conjunction
with any of the transactions contemplated by this Agreement, including the power:

 

(i)          to
take all action necessary or desirable in connection with the waiver of any condition to the obligations of the Company Stockholders
to consummate the transactions contemplated by this Agreement and the Ancillary Agreements;

 

(ii)         to
negotiate, execute and deliver all statements, certificates, statements, notices, approvals, extensions, waivers, undertakings,
amendments and other documents required or permitted to be given in connection with the consummation of the transactions contemplated
by this Agreement (it being understood that a Company Stockholder shall execute and deliver any such documents which the Stockholder
Representative agrees to execute);

 

(iii)        to
give and receive all notices and communications to be given or received under this Agreement and to receive service of process
in connection with the any claims under this Agreement, including service of process in connection with arbitration; and

 

(iv)        to
take all actions or refrain from doing any further act or deed on behalf of the Company Stockholders which the Stockholder Representative
deems necessary or appropriate in his sole discretion relating to the subject matter of this Agreement as fully and completely
as a Company Stockholder could do if personally present.

 

(b)          If
Yuval Cohen becomes unable to serve as Stockholder Representative, such other Person or Persons as may be designated by a majority-in-interest
of the Company Stockholders, shall succeed as the Stockholder Representative.

 

    	-22-

    	 

    

  

(c)          The
Stockholder Representative shall not be held liable by any of the Company Stockholders for actions or omissions in exercising or
failing to exercise all or any of the power and authority of the Stockholder Representative pursuant to this Agreement, except
in the case of the Stockholder Representative’s gross negligence, bad faith or willful misconduct.  The Stockholder
Representative shall be entitled to rely on the advice of counsel, public accountants or other independent experts that it reasonably
determines to be experienced in the matter at issue, and will not be liable to any Stockholder for any action taken or omitted
to be taken in good faith based on such advice.  The Company Stockholders will, severally and not jointly, indemnify (in accordance
with their pro rata percentages) the Stockholder Representative from any losses arising out of its serving as the Stockholder Representative
hereunder, except for losses arising out of or caused by the Stockholder Representative’s gross negligence, bad faith or
willful misconduct.  The Stockholder Representative is serving in his capacity as such solely for purposes of administrative
convenience, and is not personally liable in such capacity for any of the obligations of the Company Stockholders hereunder, and
Parent, Merger Sub and the Company agree that they will not look to the personal assets of the Stockholder Representative, acting
in such capacity, for the satisfaction of any obligations to be performed by the Stockholders hereunder except to the extent of
the Stockholder Representative’s gross negligence, bad faith or willful misconduct.

 

9.03.        Binding
Effect; Assignment. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors
and permitted assigns. Nothing in this Agreement shall create or be deemed to create any third party beneficiary rights in any
person or entity not a party to this Agreement except as provided below. No assignment of this Agreement or of any rights or obligations
hereunder may be made by either party without the prior written consent of the other party and any attempted assignment without
the required consent shall be void.

 

9.04.        No
Third-Party Beneficiaries. This Agreement is for the sole benefit of the parties hereto and their permitted assigns and nothing
herein expressed or implied shall give or be construed to give to any person, other than the parties hereto and such assigns, any
legal or equitable rights hereunder. Notwithstanding the foregoing, it is expressly agreed that Aegis Capital Corp. is a third
party beneficiary with respect to Sections 3, 4 and 5 of this Agreement.

 

9.05.        Notices.
All notices or other communications required or permitted to be given hereunder shall be in writing and shall be delivered by hand
or sent by facsimile or sent, postage prepaid, by registered, certified or express mail or overnight courier service and shall
be deemed given when received. All notices hereunder must be delivered as set forth below, or pursuant to instructions as may be
designated in writing by the party to receive such notice:

 

if to Parent,

 

Corbus Pharmaceuticals
Holdings, Inc.

c/o Orchestra
Medical Ventures, LLC

142 West
57th St., Suite 4A

New York,
NY 10019

Attention:
David Hochman, President

Email: dhochman@orchestramv.com

 

with a copy to:

Meister Seelig &Fein LLP

2 Grand Central Tower

140 East 45th Street, 19th Floor

New York, NY 10017

Attention: Kenneth S. Goodwin

Fax: 646-539-3663

 

    	-23-

    	 

    

  

if to the Company,

 

JB Therapeutics,
Inc.

508 Dudley Road

Newton, MA 02459

Attention:
Sean Moran, Chief Financial Officer

E-mail: smoran@jbtherapeutics.com

 

with a copy to:

 

Lowenstein Sandler LLP

1251 Avenue of the Americas, 17th Floor

New York, New York 10020

Attention: Steven M. Skolnick

Fax: 973-597-2477

 

and

 

if to the Stockholder Representative,

 

508 Dudley Road

Newton, MA 02459

Attention:
Yuval Cohen, Ph.D.

E-mail: ycohen@jbtherapeutics.com

 

with a copy to:

 

Lowenstein Sandler LLP

1251 Avenue of the Americas, 17th Floor

New York, New York 10020

Attention: Steven M. Skolnick

Fax: 973-597-2477

 

9.06.      
Interpretation; Exhibits and Schedules; Certain Definitions.

 

(a)          The
headings contained in this Agreement, in any Exhibit or Schedule hereto and in the table of contents to this Agreement are for
reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Any matter disclosed in
any provision, section or subsection of any Schedule shall be deemed disclosed only for all purposes of such provision, section
or subsection. All Exhibits and Schedules annexed hereto or referred to herein are hereby incorporated in and made a part of this
Agreement as if set forth in full herein. Any capitalized terms used in any Schedule or Exhibit but not otherwise defined therein
shall have the meaning as defined in this Agreement. When a reference is made in this Agreement to a Section, Exhibit or Schedule,
such reference shall be to a Section of, or an Exhibit or Schedule to, this Agreement unless otherwise indicated.

 

    	-24-

    	 

    

 

(b)          For
all purposes hereof:

 

“Affiliate”
of any person means another person that directly or indirectly, through one or more intermediaries, controls, is controlled by,
or is under common control with, such first person.

 

“Ancillary
Agreements” means the Voting Agreement and the transaction documents entered into among Parent, the Company and the other
parties thereto in connection with the Private Placement.

 

“Business
Day” means any day of the year on which national banking institutions in New York are open to the public for conducting
business and are not required or authorized to close.

 

“Company Stockholder”
means each person who is a holder of capital stock of the Company as of the Effective Time.

 

“Contingent
Obligation” means, as to any Person, any direct or indirect liability, contingent or otherwise, of that Person with respect
to any indebtedness, lease, dividend or other obligation of another Person if the primary purpose or intent of the Person incurring
such liability, or the primary effect thereof, is to provide assurance to the obligee of such liability that such liability will
be paid or discharged, or that any agreements relating thereto will be complied with, or that the holders of such liability will
be protected (in whole or in part) against loss with respect thereto.

 

“GAAP”
means United States generally accepted accounting principles applied on a consistent basis throughout the periods indicated as
in effect as of the date hereof.

 

“Governmental
Entity” means any legislative, executive, judicial, regulatory or administrative unit of any governmental entity (multinational,
foreign, federal, state or local) or any department, commission, board, agency, bureau, ministry, official, arbitrator (public)
or other similar body exercising executive, legislative, regulatory, administrative or judicial authority or functions of or pertaining
to government, including any authority or other quasi-governmental entity established by any of the foregoing to perform any such
functions.

 

“including”
means including, without limitation.

 

“Indebtedness”
means with respect to any Person without duplication, (A) all indebtedness for borrowed money, (B) all obligations issued, undertaken
or assumed as the deferred purchase price of property or services including (without limitation) “Capital Leases” (as
defined under GAAP) (other than trade payables entered into in the ordinary course of business), (C) all reimbursement or payment
obligations with respect to letters of credit, surety bonds and other similar instruments, (D) all obligations evidenced by notes,
bonds, debentures or similar instruments, including obligations so evidenced incurred in connection with the acquisition of property,
assets or businesses, (E) all indebtedness created or arising under any conditional sale or other title retention agreement, or
incurred as financing, in either case with respect to any property or assets acquired with the proceeds of such indebtedness (even
though the rights and remedies of the seller or bank under such agreement in the event of default are limited to repossession or
sale of such property), (F) all monetary obligations under any leasing or similar arrangement which, in connection with GAAP, consistently
applied for the periods covered thereby, is classified as a capital lease, (G) all indebtedness referred to in clauses (A) through
(F) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured
by) any mortgage, lien, pledge, charge, security interest or other encumbrance upon or in any property or assets (including accounts
and contract rights) owned by any Person, even though the Person which owns such assets or property has not assumed or become liable
for the payment of such indebtedness, and (H) except for obligations owed to service providers of the Company in connection with
this Agreement and the transactions contemplated herein, all Contingent Obligations in respect of indebtedness or obligations of
others of the kinds referred to in clauses (A) through (G) above of at least $75,000.

 

    	-25-

    	 

    

  

“Liability”
means any debt, loss, damage, adverse claim, fines, penalties, liability or obligation (whether direct or indirect, absolute or
contingent, accrued or unaccrued, matured or unmatured, determined or determinable, liquidated or unliquidated, or due or to become
due, and whether in contract, tort, strict liability or otherwise), and including all costs and expenses relating thereto including
all fees, disbursements and expenses of legal counsel, experts, engineers and consultants and costs of investigation).

 

“Material
Adverse Effect” means, with respect to each party, a material adverse effect on (i) the financial condition, business,
assets, prospects or results of operations of the party, taken as a whole, (ii) the ability of the party to perform its obligations
under this Agreement or (iii) the ability of the party to consummate the Merger and the other transactions contemplated hereby;
provided, however, that in no event shall any change resulting from conditions affecting the industry in which such
party operates or from changes in general business or economic conditions be taken into account in determining whether there has
been a Material Adverse Effect except to the extent such change has a disproportionate impact on the applicable party relative
to other businesses operating in the same industry.

 

“Ordinary
Course of Business” means the ordinary and usual course of day-to-day operations of the business of the Company through
the date hereof consistent with past practice.

 

“Person”
means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization
and a government or any department or agency thereof.The following terms, when used in this Agreement, shall have the meanings
assigned to such terms in the Sections set forth below:

 

	Terms	 	Section
	 	 	 
	Affiliate	 	9.06(b)
	Aggregate Consideration Schedule	 	2.02
	Agreement	 	Preamble
	Ancillary Agreements	 	9.06(b)
	Business Day	 	9.06(b)
	Cancelled Shares	 	2.01(d)
	Certificates	 	2.01(e)
	Certificate of Merger	 	1.02(b)
	Closing	 	1.02(a)
	Closing Date	 	1.02(a)
	Common Share	 	2.01(a)(i)

 

    	-26-

    	 

    

  

	Terms	 	Section
	 	 	 
	Common Stock	 	2.01(a)(i)
	Common Stock Consideration	 	2.01(a)(i)
	Company	 	Preamble
	Company Stock	 	2.01(a)(iii)
	Company Stockholder	 	9.06(b)
	Confidential Information	 	5.07
	DGCL	 	Recitals
	Effective Time	 	1.02(b)
	Employment Agreement Recipient	 	5.10
	Governmental Entity	 	9.06(b)
	Indebtedness	 	9.06(b)
	
        Liability

        Memorandum
	 	
        9.06(b)

        3.06

	Merger	 	Recitals
	Merger Consideration	 	2.01(a)
	Merger Sub	 	Preamble
	NDIA	 	5.10
	Ordinary Course of Business	 	9.06(b)
	Parent	 	Preamble
	Person	 	9.06(b)
	Preferred Share	 	2.01(a)(iii)
	Preferred Stock	 	2.01(a)(iii)
	Preferred Stock Consideration	 	2.01(a)(iii)
	
        Private Placement

        Replacement Option

        Replacement Warrant
	 	
        Recitals

        2.01(b)(i)

        2.01(b)(ii)

	Stockholders’ Consent	 	3.02(b)
	Shares	 	2.01(a)(iii)
	Stockholder Representative	 	Preamble
	Stockholder Written Consent	 	5.05
	Surviving Corporation	 	1.01
	Warrants	 	2.01(a)(ii)

 

9.07.       Entire
Agreement; Amendments and Waivers. This Agreement (including the Schedules and Exhibits hereto), together with the Ancillary
Agreements represent the entire understanding and agreement between the parties hereto with respect to the subject matter hereof
and supersedes all prior agreements, arrangements and undertakings, both written and oral, between the parties, or any of them,
with respect to the subject matter of this Agreement. This Agreement may be amended by the parties at any time before or after
receipt of the Stockholders’ Consent; provided, that after receipt of the Stockholders’ Consent, there shall
be made no amendment that by Law requires further approval by such stockholders without the further approval of such stockholders.
This Agreement may not be amended except by an instrument in writing signed on behalf of each of the parties. At any time prior
to the Effective Time, the parties may (a) extend the time for the performance of any of the obligations or other acts of the other
parties, (b) waive any inaccuracies in the representations and warranties contained in this Agreement or in any document delivered
pursuant to this Agreement or (c) to the fullest extent permitted by Law, waive compliance with any of the agreements or conditions
contained in this Agreement. Any agreement on the part of a party to any such extension or waiver shall be valid only if set forth
in an instrument in writing signed on behalf of such party.

 

    	-27-

    	 

    

  

9.08.       Severability.
If any term or other provision of this Agreement is invalid, illegal, or incapable of being enforced by any Law or public policy,
all other terms or provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal
substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination
that any term or other provision is invalid, illegal, or incapable of being enforced, the parties hereto shall negotiate in good
faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner
in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible.

 

9.09.       Jurisdiction;
Waiver of Jury Trial.

 

(a)          Each
of the parties hereto irrevocably submits to the exclusive jurisdiction of the United States District Court for the Southern District
of New York located in the borough of Manhattan in the City of New York, or if such court does not have jurisdiction, the Supreme
Court of the State of New York, New York County, for the purposes of any suit, action or other proceeding arising out of this Agreement
or any transaction contemplated hereby. Each of the parties hereto further agrees that service of any process, summons, notice
or document by registered mail to such party’s respective address set forth in Section 9.05 (or to such other address
for notices as provided by such party pursuant to Section 9.05) or in any other manner permitted by Law shall be effective
service of process for any action, suit or proceeding in New York with respect to any matters to which it has submitted to jurisdiction
as set forth above in the immediately preceding sentence. Each of the parties hereto irrevocably and unconditionally waives any
objection to the laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions contemplated
hereby in (i) the United States District Court for the Southern District of New York or (ii) the Supreme Court of the State of
New York, New York Count, and hereby further irrevocably and unconditionally waives and agrees not to please or claim in any such
court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum.

 

(b)          EACH
OF THE PARTIES TO THIS AGREEMENT HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM,
DEMAND, ACTION, OR CAUSE OF ACTION (i) ARISING UNDER THIS AGREEMENT OR (ii) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL
TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER
NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY
AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND
THAT ANY OF THE PARTIES TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN
EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

 

    	-28-

    	 

    

  

9.10.       Governing
Law. This Agreement and the rights and duties of the parties hereto shall be governed by and construed in accordance with the
internal laws of the State of New York and shall be governed as to validity, interpretation, construction, affect and in all other
respects by the internal laws of the State of New York.

 

9.11.       Counterparts.
This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall
become effective when one or more such counterparts have been signed by each of the parties and delivered to the other parties.

 

[REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK] 

 

    	-29-

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have duly executed this Agreement and Plan of Merger as of the date first written above.

 

	 	COMPANY:
	 	 
	 	JB THERAPEUTICS, INC.
	 	 	 
	 	By:	 
	 	 	Name:  Yuval Cohen
	 	 	Title:    Chief Executive Officer
	 	 	 
	 	PARENT:
	 	 
	 	CORBUS PHARMACEUTICAL HOLDINGS, INC.
	 	 	 
	 	By:	 
	 	 	Name:  David Hochman
	 	 	Title:    President
	 	 	 
	 	MERGER SUB:
	 	 
	 	CORBUS PHARMACEUTICALS ACQUISITION, INC.
	 	 	 
	 	By:	 
	 	 	Name: David Hochman
	 	 	Title:   President
	 	 	 
	 	STOCKHOLDER REPRESENTATIVE:
	 	 	 
	 	By:	 
	 	 	Yuval Cohen

 

[Signature Page to Merger Agreement]EX-4.1

 Exhibit 4.1 

WPX ENERGY, INC. 
 AND

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

as Trustee 
  

 
 INDENTURE

 Dated as of September    , 2014 

 
  

 CROSS-REFERENCE TABLE 

Reconciliation and tie showing the location in the Indenture dated as of September     , 2014 of the provisions inserted
pursuant to Sections 310 to 318(a), inclusive, of the Trust Indenture Act of 1939, as amended. This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. 

 

			
	 Trust Indenture Act of 1939 Section
	  	 Indenture Section

	 310  (a)(1)
	  	7.09
	 (a)(2)
	  	7.09
	 (a)(5)
	  	7.09
	 (b)
	  	7.08 and 7.10
	 312  (a)
	  	5.01
	 313  (a)
	  	5.03
	 (c)
	  	5.03
	 314  (a)
	  	5.02
	 (c)(1)
	  	14.06
	 (c)(2)
	  	14.06
	 (e)
	  	14.06
	 315  (a)
	  	7.01
	 (b)
	  	6.14
	 (c)
	  	7.01
	 (d)
	  	7.01
	 (e)
	  	6.15
	 316  (a)(1)
	  	6.01 and 6.13
	 (b)
	  	6.07
	 (c)
	  	8.02
	 317  (a)
	  	6.02
	 (b)
	  	4.04(a)
	 318  (a)
	  	14.09

 TABLE OF CONTENTS 

 
  

 

							
	 	  	 	  	PAGE	 
	
	ARTICLE 1	  
	DEFINITIONS	  
			
	 Section 1.01.
	  	Definitions; Rules of Construction	  	 	1	  
	
	ARTICLE 2	  
	DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES	  
			
	 Section 2.01.
	  	Forms	  	 	12	  
	 Section 2.02.
	  	Amount Unlimited; Issuable in Series	  	 	13	  
	 Section 2.03.
	  	Authentication	  	 	15	  
	 Section 2.04.
	  	Date and Denomination of Securities	  	 	17	  
	 Section 2.05.
	  	Execution of Securities	  	 	17	  
	 Section 2.06.
	  	Exchange and Registration of Transfer of Securities	  	 	18	  
	 Section 2.07.
	  	Global Securities	  	 	19	  
	 Section 2.08.
	  	Mutilated, Destroyed, Lost or Stolen Securities	  	 	20	  
	 Section 2.09.
	  	Temporary Securities	  	 	21	  
	 Section 2.10.
	  	Cancellation of Securities Paid, etc	  	 	22	  
	 Section 2.11.
	  	Computation of Interest	  	 	22	  
	 Section 2.12.
	  	Form of Legend for Global Securities	  	 	22	  
	 Section 2.13.
	  	CUSIP Numbers	  	 	23	  
	
	ARTICLE 3	  
	REDEMPTION OF SECURITIES; SINKING FUNDS	  
			
	 Section 3.01.
	  	Applicability of Article	  	 	23	  
	 Section 3.02.
	  	Notice of Redemption; Selection of Securities	  	 	23	  
	 Section 3.03.
	  	Payment of Securities Called for Redemption	  	 	24	  
	 Section 3.04.
	  	Satisfaction of Mandatory Sinking Fund Payments with Securities	  	 	25	  
	 Section 3.05.
	  	Redemption of Securities for Sinking Fund	  	 	25	  
	 Section 3.06.
	  	Repayment at the Option of the Holder	  	 	27	  
	
	ARTICLE 4	  
	PARTICULAR COVENANTS OF THE COMPANY	  
			
	 Section 4.01.
	  	Payment of Principal, Premium and Interest	  	 	27	  
	 Section 4.02.
	  	Offices for Notices and Payments, etc	  	 	27	  
	 Section 4.03.
	  	Appointment to Fill Vacancies in Trustee’s Office	  	 	28	  
	 Section 4.04.
	  	Provision as to Paying Agent	  	 	28	  
	 Section 4.05.
	  	Statement as to Compliance	  	 	29	  
	 Section 4.06.
	  	Additional Amounts	  	 	29	  
	 Section 4.07.
	  	Limitation on Liens	  	 	30	  

  
 i 

							
	ARTICLE 5	 
	SECURITYHOLDER LISTS AND REPORTS BY THE COMPANY AND THE
TRUSTEE	  
			
	 Section 5.01.
	  	Securityholder Lists	  	 	30	  
	 Section 5.02.
	  	Reports by the Company	  	 	30	  
	 Section 5.03.
	  	Reports by the Trustee	  	 	31	  
	
	ARTICLE 6	  
	REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF
DEFAULT	  
			
	 Section 6.01.
	  	Events of Default	  	 	31	  
	 Section 6.02.
	  	Acceleration of Maturity; Rescission and Annulment	  	 	32	  
	 Section 6.03.
	  	Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	33	  
	 Section 6.04.
	  	Proceedings by Trustee	  	 	34	  
	 Section 6.05.
	  	Trustee May Enforce Claims without Possession of Securities; Trustee May File Proofs of Claim	  	 	34	  
	 Section 6.06.
	  	Application of Moneys Collected by Trustee	  	 	35	  
	 Section 6.07.
	  	Limitations on Suits	  	 	36	  
	 Section 6.08.
	  	Unconditional Right of Holders to Receive Principal and any Premium and Interest	  	 	37	  
	 Section 6.09.
	  	Restoration of Rights and Remedies	  	 	37	  
	 Section 6.10.
	  	Rights and Remedies Cumulative	  	 	38	  
	 Section 6.11.
	  	Delay or Omission Not Waiver	  	 	38	  
	 Section 6.12.
	  	Control by Securityholders	  	 	38	  
	 Section 6.13.
	  	Waiver of Past or Existing Defaults	  	 	38	  
	 Section 6.14.
	  	Notice of Defaults	  	 	39	  
	 Section 6.15.
	  	Waiver of Stay or Extension Laws	  	 	39	  
	 Section 6.16.
	  	Undertaking to Pay for Costs	  	 	39	  
	
	ARTICLE 7	  
	CONCERNING THE TRUSTEE	  
			
	 Section 7.01.
	  	Duties and Responsibilities of Trustee	  	 	40	  
	 Section 7.02.
	  	Reliance on Documents, Opinions, etc	  	 	41	  
	 Section 7.03.
	  	No Responsibility for Recitals, etc	  	 	43	  
	 Section 7.04.
	  	Ownership of Securities	  	 	43	  
	 Section 7.05.
	  	Moneys to be Held in Trust	  	 	43	  
	 Section 7.06.
	  	Compensation and Expenses of Trustee	  	 	43	  
	 Section 7.07.
	  	Officer’s Certificate as Evidence	  	 	44	  
	 Section 7.08.
	  	Disqualification: Conflicting Interests for the Trustee	  	 	44	  
	 Section 7.09.
	  	Eligibility of Trustee	  	 	44	  
	 Section 7.10.
	  	Resignation or Removal of Trustee	  	 	44	  
	 Section 7.11.
	  	Acceptance by Successor Trustee	  	 	46	  
	 Section 7.12.
	  	Succession by Merger, etc	  	 	47	  
	 Section 7.13.
	  	Appointment of Authenticating Agent	  	 	47	  

  
 ii 

							
	ARTICLE 8	 
	CONCERNING THE SECURITYHOLDERS	  
			
	 Section 8.01.
	  	Action of Securityholders	  	 	49	  
	 Section 8.02.
	  	Proof of Execution by Securityholders	  	 	49	  
	 Section 8.03.
	  	Who Are Deemed Absolute Owners	  	 	50	  
	 Section 8.04.
	  	Company-Owned Securities Disregarded	  	 	50	  
	 Section 8.05.
	  	Revocation of Consents; Future Holders Bound	  	 	51	  
	
	ARTICLE 9	  
	SECURITYHOLDERS’ MEETINGS	  
			
	 Section 9.01.
	  	Purposes of Meetings	  	 	51	  
	 Section 9.02.
	  	Call of Meetings by Trustee	  	 	51	  
	 Section 9.03.
	  	Call of Meetings by Company or Securityholders	  	 	51	  
	 Section 9.04.
	  	Qualifications for Voting	  	 	52	  
	 Section 9.05.
	  	Quorum; Adjourned Meetings	  	 	52	  
	 Section 9.06.
	  	Regulations	  	 	53	  
	 Section 9.07.
	  	Voting	  	 	53	  
	 Section 9.08.
	  	No Delay of Rights by Meeting	  	 	54	  
	
	ARTICLE 10	  
	SUPPLEMENTAL INDENTURES	  
			
	 Section 10.01.
	  	Supplemental Indentures without Consent of Securityholders	  	 	54	  
	 Section 10.02.
	  	Supplemental Indentures with Consent of Securityholders	  	 	56	  
	 Section 10.03.
	  	Compliance with Trust Indenture Act; Effect of Supplemental Indentures	  	 	57	  
	 Section 10.04.
	  	Notation on Securities	  	 	58	  
	 Section 10.05.
	  	Evidence of Compliance of Supplemental Indenture to be Furnished Trustee	  	 	58	  
	
	ARTICLE 11	  
	CONSOLIDATION, MERGER AND SALES	  
			
	 Section 11.01.
	  	Company May Consolidate, etc., Only on Certain Terms	  	 	58	  
	 Section 11.02.
	  	Successor Person to be Substituted	  	 	59	  
	
	ARTICLE 12	  
	SATISFACTION AND DISCHARGE OF INDENTURE	  
			
	 Section 12.01.
	  	Satisfaction and Discharge of Indenture	  	 	59	  
	 Section 12.02.
	  	Legal Defeasance and Covenant Defeasance	  	 	60	  
	 Section 12.03.
	  	Application of Trust Money	  	 	63	  
	 Section 12.04.
	  	Paying Agent to Repay Moneys Held	  	 	64	  
	 Section 12.05.
	  	Return of Unclaimed Moneys	  	 	64	  
	 Section 12.06.
	  	Reinstatement	  	 	64	  

  
 iii 

							
	Section 12.07.	  	Qualifying Trustee	  	 	64	  
	
	ARTICLE 13	  
	IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS	  
			
	 Section 13.01.
	  	Limitation on Individual Liability	  	 	65	  
	
	ARTICLE 14	  
	MISCELLANEOUS PROVISIONS	  
			
	 Section 14.01.
	  	Provisions Binding on Company’s Successors	  	 	65	  
	 Section 14.02.
	  	Official Acts by Successor Person	  	 	65	  
	 Section 14.03.
	  	Addresses for Notices, Notice to Holders, Waiver	  	 	65	  
	 Section 14.04.
	  	Governing Law	  	 	66	  
	 Section 14.05.
	  	Wavier of Trial by Jury	  	 	66	  
	 Section 14.06.
	  	Evidence of Compliance with Conditions Precedent	  	 	67	  
	 Section 14.07.
	  	Legal Holidays	  	 	67	  
	 Section 14.08.
	  	Securities in a Specified Currency other than Dollars	  	 	67	  
	 Section 14.09.
	  	Trust Indenture Act to Control	  	 	68	  
	 Section 14.10.
	  	Table of Contents, Headings, etc	  	 	68	  
	 Section 14.11.
	  	Execution in Counterparts	  	 	68	  
	 Section 14.12.
	  	Separability; Benefits	  	 	68	  
	 Section 14.13.
	  	Certain Tax Information	  	 	68	  

  
 iv 

 THIS INDENTURE, dated as of September [•], 2014, is between WPX ENERGY, INC., a Delaware
corporation (the “Company”), and The Bank of New York Mellon Trust Company, N.A., a national banking association (the “Trustee”). 

R E C I T A L S 
 WHEREAS,
the Company has duly authorized the issue from time to time of its unsecured debentures, notes or other evidences of indebtedness to be issued in one or more series (each, a “Security,” and collectively the
“Securities”) up to such principal amount or amounts as may from time to time be. authorized in accordance with the terms of this Indenture and to provide, among other things, for the authentication, delivery and administration
thereof, the Company has duly authorized the execution and delivery of this Indenture; and 
 WHEREAS, all things necessary to make
this Indenture a valid indenture and agreement according to its terms have been done; 
 NOW, THEREFORE, in consideration of the premises
and the purchases of the Securities by the holders thereof, the Company and the Trustee mutually covenant and agree, for the equal and proportionate benefit of the respective holders from time to time of the Securities of each series thereof, as
follows: 
 ARTICLE 1 

DEFINITIONS 

Section 1.01. Definitions; Rules of Construction. The terms defined in this Section 1.01 (except as herein otherwise
expressly provided or unless the context otherwise requires) for all purposes of this Indenture shall have the respective meanings specified in this Section 1.01, and include the plural as well as the singular. All other terms used in this
Indenture which are defined in the Trust Indenture Act, or which are by reference therein defined in the Securities Act (except as herein otherwise expressly provided or unless the context otherwise requires), shall have the meanings assigned to
such terms in said Trust Indenture Act and in said Securities Act as in force at the date of this Indenture as originally executed. The words “herein,” “hereof,” and “hereunder” and other words of
similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. All accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting
principles and, except as otherwise herein expressly provided, the terms “generally accepted accounting principles” or “GAAP” with respect to any computation required or permitted hereunder shall mean such accounting principles
as are generally accepted on the date of this Indenture. The word “or” is always used inclusively (for example, the phrase “A or B” shall mean “A or B or both,” not “either A or B but not both”). Provisions
apply to successive events and transactions. References to agreements and other instruments include subsequent amendments thereto and restatements thereof. “Including” shall mean “including without limitation”. All
references to articles and sections are to this Indenture. Any transaction or event shall be considered “permitted by” or made “in accordance with” or “in compliance with” this

 
Indenture or any particular provision thereof if such transaction or event is not expressly prohibited by this Indenture or such provision, as the case may be. 

Certain terms used principally in certain Articles hereof are defined in those Articles. 

“Additional Securities” shall have the meaning specified in Section 2.02. 

“Affiliate” of any specified Person shall mean 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,” as used with respect to any specified Person, shall mean the possession, directly or indirectly, of the power to direct or
cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise; and the terms “controlling,” “controlled by” “under common control” have
the meanings correlative to the foregoing. 
 “Agent Members” shall have the meaning specified in Section 2.07(g).

 “Authenticating Agent” shall mean any Person authorized by the Trustee pursuant to Section 7.13 to act on
behalf of the Trustee to authenticate Securities. 
 “Applicable Law” shall have the meaning specified in Section
14.13. 
 “Beneficial Owner” shall mean a Person who is the beneficial owner of a beneficial interest in a Global
Security as reflected on the books of the Depositary or on the books of a Person maintaining an account with such Depositary (directly as a Depositary participant or as an indirect participant, in each case in accordance with the rules of such
Depositary). 
 “Board of Directors” shall mean: 

(a) with respect to any corporation, the board of directors of the corporation or any authorized committee thereof; 

(b) with respect to a limited liability company, the managing member or managing members or board of directors, as applicable, of such limited
liability company or any authorized committee thereof; 
 (c) with respect to any partnership, the board of directors of the general partner
of the partnership or any authorized committee thereof; and 
 (d) with respect to any other Person, the board or committee of such Person
serving a similar function. 
 “Board Resolution” shall mean a copy of one or more resolutions (which may be standing
resolutions), certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors of the Company or any Committee 

  
 2 

 
of such Board or specified officers and employees of the Company to which the powers of such Board have been lawfully delegated, to be in full force and effect on the date of such certification,
and delivered to the Trustee. 
 “Business Day” shall mean each day that is not a Saturday, Sunday or other day on
which banking institutions in New York, New York or another Place of Payment are authorized or required by law, regulation or executive order to close. 

“Business Entity” shall have the meaning assigned to it in the definition of “Non-Recourse Subsidiary” in
this Section 1.01. 
 “Capital Stock” shall mean: 

(a) in the case of a corporation, corporate stock; 

(b) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock; 
 (c) in the case of a partnership or limited liability company, partnership or membership interests
(whether general or limited); and 
 (d) any other interest or participation that confers on a Person the right to receive a share of the
profits and losses of, or distributions of assets of, the issuing Person. 
 “Commission” shall mean the U.S.
Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act or any successor agency. 

“Company” shall mean WPX ENERGY, INC., a Delaware corporation, until any successor corporation or limited liability
company shall have become such pursuant to the provisions of Article 11, and thereafter “Company” shall mean such successor, except as otherwise provided in Section 11.02. 

“Company Request” and “Company Order” shall mean, respectively, a written request or order, as the
case may be, signed in the name of the Company by an Officer of the Company, and delivered to the Trustee. 

“Consolidated Net Tangible Assets” shall mean at any date of determination, the total amount of assets of the Company
and its Subsidiaries (less applicable reserves and other properly deductible items but including investments in non-consolidated persons) after deducting therefrom: 

(a) all current liabilities (excluding (i) any current liabilities that by their terms are extendable or renewable at the option of the
obligor thereon to a time more than 12 months after the time as of which the amount thereof is being computed, and (ii) current maturities of long-term debt); and 

  
 3 

 (b) the value of all goodwill, trade names, trademarks, patents and other like intangible assets,
all as set forth, or on a pro forma basis would be set forth, on the consolidated balance sheet of the Company for the Company’s most recently completed fiscal quarter, prepared in accordance with GAAP. 

“Depositary” shall mean, with respect to Securities of any series issuable in whole or in part in the form of one or
more Global Securities, a clearing agency registered under the Exchange Act that is designated to act as depositary for such Securities as contemplated by Section 2.07. 

“Dollars” or “$” shall mean a dollar or other equivalent unit of legal tender for payment of public
or private debts in the United States of America. 
 “Domestic Subsidiary” shall mean any Subsidiary of the
Company that is incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia. 

“Event of Default” shall have the meaning specified in Section 6.01. 

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

“GAAP” shall mean generally accepted accounting principles in the United States, as such are in effect on the date of
this Indenture. 
 “Global Security” shall mean a Security that evidences all or part of the Securities of
any series and bears the legend set forth in Section 2.12 (or such other legend as may be specified for such Securities as contemplated by Section 2.02). 

“Government Obligations” shall mean securities which are (a) direct obligations of the United States of America
where the payment or payments thereunder are supported by the full faith and credit of the United States or (b) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America where
the timely payment or payments thereunder are unconditionally guaranteed as a full faith and credit obligation by the United States of America, and which, in the case of (a) or (b), are not callable or redeemable at the option of the issuer or
issuers thereof, and shall also include a depositary receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of or other amount with respect to any such
Government Obligation held by such custodian for the account of the holder of a depositary receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such
depositary receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of or other amount with respect to the Government Obligation evidenced by such depositary
receipt. 
 “Indebtedness” shall mean, with respect to any specified Person, any obligation created or
assumed by such Person, whether or not contingent, for the repayment of money borrowed from others or any guarantee thereof. 

  
 4 

 “Indenture” shall mean this instrument as originally executed or as it
may be amended or supplemented from time to time as herein provided, and shall include the form and terms of particular series of Securities established as contemplated hereunder. 

“Independent Registered Public Accounting Firm” shall mean a firm of accountants that, with respect to the Company and
any other obligor under any series of Securities, is an independent registered public accounting firm within the meaning of the Securities Act and the rules and regulations promulgated by the Commission thereunder, who may be the independent
registered public accounting firm regularly retained by the Company or who may be another independent registered public accounting firm. Such firm shall be entitled to rely upon any Opinion of Counsel as to the interpretation of any legal matters
relating to this Indenture or certificates required to be provided hereunder. 
 “interest,” when used with
respect to a non-interest bearing Security, shall mean interest payable after the principal thereof has become due and payable whether at maturity, by declaration of acceleration, by call for redemption, pursuant to a sinking fund, or otherwise.

 “International Subsidiary” shall mean each Subsidiary of the Company other than a Domestic Subsidiary. 

“Joint Venture” shall mean any Person that is not a direct or indirect Subsidiary of the Company in which the Company
or any of its Subsidiaries owns any Capital Stock. 
 “Lien” shall mean any mortgage, pledge, lien, security
interest or other similar encumbrance. 
 “mandatory sinking fund payment” shall have the meaning specified in Section
3.01. 
 “Market Exchange Rate” shall have the meaning set forth in Section 14.08. 

“Maturity” shall mean, with respect to any Security, the date on which the principal of such Security or an
installment of interest becomes due and payable as provided in or pursuant to this Indenture, whether at the Stated Maturity or by declaration of acceleration, notice of redemption or repurchase, notice of option to elect repayment or otherwise, and
includes a Redemption Date. 
 “Non-Recourse Indebtedness” shall mean any Indebtedness incurred by any Joint Venture
or Non-Recourse Subsidiary which does not provide for recourse against the Company or any of its Subsidiaries (other than a Non-Recourse Subsidiary) or any property or assets of the Company or any of its Subsidiaries (other than the Capital Stock or
the properties or assets of a Joint Venture or Non-Recourse Subsidiary). 
 “Non-Recourse Subsidiary” shall mean any
Subsidiary of the Company (a) whose principal purpose is to incur Non-Recourse Indebtedness and/or construct, lease, own or operate the assets financed thereby, or to become a direct or indirect partner, member or other equity participant or
owner in a partnership, limited partnership, limited 

  
 5 

 
liability partnership, corporation (including a business trust), limited liability company, unlimited liability company, joint stock company, trust, unincorporated association or joint venture
created for such purpose (collectively, a “Business Entity”), (b) who is not an obligor or otherwise bound with respect to any Indebtedness other than Non-Recourse Indebtedness, (c) substantially all the assets of which
Subsidiary or Business Entity are limited to (i) those assets being financed (or to be financed), or the operation of which is being financed (or to be financed), in whole or in part by Non-Recourse Indebtedness, or (ii) Capital Stock in,
or Indebtedness or other obligations of, one or more other Non-Recourse Subsidiaries or Business Entities, and (d) any Subsidiary of a Non-Recourse Subsidiary; provided that such Subsidiary shall be considered to be a Non-Recourse
Subsidiary only to the extent that and for so long as each of the above requirements are met. 
 “Officer” shall
mean, unless otherwise specified by a provision of this Indenture or the Trust Indenture Act, as applicable, the Chairman of the Board of Directors, a Vice Chairman, the Chief Executive Officer, the President, any Vice President (without regard to
qualifiers such as “Executive” or “Senior”), the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Assistant Secretary of such Person, or other
Person authorized by resolution of the Board of Directors of such Person. 
 “Officer’s Certificate”
shall mean a certificate signed by an Officer of the Company, which, if applicable, complies with the requirements of Section 314(e) of the Trust Indenture Act and is delivered to the Trustee. 

“Opinion of Counsel” shall mean a written opinion of counsel, who may be an employee of or counsel for the Company or
an affiliate thereof or other counsel that, if applicable, complies with the requirements of Section 314(e) of the Trust Indenture Act and shall include the statements provided for in Section 14.06 if and to the extent required by the
provisions of the Trust Indenture Act or Section 14.06, as applicable. 
 “optional sinking fund payment” shall
have the meaning specified in Section 3.01. 
 “Original Issue Discount Security” shall mean any Security which
provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 6.02. 

“Outstanding” shall mean, when used with respect to Securities, subject to the provisions of Section 8.04, as of
any particular time, all Securities authenticated and delivered by the Trustee under this Indenture, except: 
 (a) Securities
theretofore cancelled by the Trustee or delivered to the Trustee for cancellation including Securities tendered and exchanged for other securities of the Company, or any reductions in the interest in a Global Security effected by the Trustee in
accordance with the provisions of this Indenture; 

  
 6 

 (b) Securities, or portions thereof, for the payment or redemption of which moneys in the
necessary amount shall have been deposited in trust with the Trustee or with any paying agent (other than the Company), or shall have been set aside and segregated in trust by the Company (if the Company shall act as its own paying agent), in each
case pursuant to Section 12.01; provided that if such Securities are to be redeemed prior to the maturity thereof, notice of such redemption shall have been mailed (or otherwise delivered in accordance with the applicable procedures of
the Depositary) as in Article 3 provided, or provision satisfactory to the Trustee shall have been made for mailing (or such other delivery) such notice; 

(c) Securities as to which defeasance has been effected pursuant to Section 12.02; and 

(d) Securities in lieu of or in substitution for which other Securities shall have been authenticated and delivered, or which shall have been
paid, pursuant to the terms of Section 2.08, unless proof satisfactory to the Trustee is presented that any such Securities are held by persons in whose hands any of such Securities is a valid, binding and legal obligation of the Company. 

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

“Overdue Rate” shall mean, with respect to each series of Securities, the rate of interest designated as such in the
Board Resolution or the supplemental indenture, as the case may be, relating to such series as contemplated by Section 2.02, or if no such rate is specified, the rate at which such Securities shall bear interest. 

“Permitted International Debt” shall mean Indebtedness of any International Subsidiary for which neither the Company
nor any Domestic Subsidiary, directly or indirectly, provides any guarantee or other credit support and which is secured, if at all, only by pledges of or liens on assets (i) held by an International Subsidiary on the date of this Indenture,
(ii) acquired by an International Subsidiary from a Person not constituting an Affiliate or (iii) acquired by an International Subsidiary from the Company, any Domestic Subsidiary or other Affiliate on terms that, in the good faith
judgment of the Company’s Board of Directors, are no less favorable to the Company or the relevant Domestic Subsidiary or other Affiliate than those that would have been obtained in a comparable transaction by the Company or such Domestic
Subsidiary or other Affiliate with an unrelated Person or, if in the good faith judgment of the Company’s Board of Directors, no comparable transaction is available with which to compare such transaction, such transaction is otherwise fair to
the Company or the relevant Domestic Subsidiary or other Affiliate from a financial point of view. 
 “Permitted
Liens” shall mean: 

  
 7 

 (a) any Lien existing on any property at the time of the acquisition thereof and not created in
contemplation of such acquisition by the Company or any of its Subsidiaries, whether or not assumed by the Company or any of its Subsidiaries; 

(b) any Lien existing on any property of a Subsidiary of the Company at the time it becomes a Subsidiary of the Company and not created in
contemplation thereof and any Lien existing on any property of any Person at the time such Person is merged or liquidated into or consolidated with the Company or any Subsidiary thereof and not created in contemplation thereof; 

(c) purchase money and analogous Liens incurred in connection with the acquisition (including through merger, consolidation or other
reorganization), development, construction, improvement, repair or replacement of property (including such Liens securing Indebtedness incurred within 12 months of the date on which such property was acquired, developed, constructed, improved,
repaired or replaced); provided that all such Liens attach only to the property acquired, developed, constructed, improved, repaired or replaced and the principal amount of the Indebtedness secured by such Lien shall not exceed the gross cost of the
property; 
 (d) Liens on accounts receivable and related proceeds thereof arising in connection with a receivables financing and any Lien
held by the purchaser of receivables derived from property or assets sold by the Company or any Subsidiary thereof and securing such receivables resulting from the exercise of any rights arising out of defaults on such receivables; 

(e) leases constituting Liens existing on the date of this Indenture or thereafter existing and any renewals or extensions thereof; 

(f) any Lien securing industrial development, pollution control or similar revenue bonds; 

(g) Liens existing on the date hereof; 

(h) Liens in favor of the Company or any of its Subsidiaries; 

(i) Liens securing Indebtedness incurred to refund, extend, refinance or otherwise replace Indebtedness (“Refinanced
Indebtedness”) secured by a Lien permitted to be incurred under this Indenture; provided that the principal amount of such Refinanced Indebtedness does not exceed the principal amount of Indebtedness refinanced (plus the amount of
penalties, premiums, fees, accrued interest and reasonable expenses incurred therewith) at the time of refinancing; 
 (j) Liens on any
assets or properties, or pledges of the Capital Stock, of (a) any Joint Venture owned by the Company or any of its Subsidiaries or (b) any Non-Recourse Subsidiary, in each case only to the extent securing Non-Recourse Indebtedness of such
Joint Venture or Non-Recourse Subsidiary; 

  
 8 

 (k) Liens on the products and proceeds (including insurance, condemnation and eminent domain
proceeds) of and accessions to, and contract or other rights (including rights under insurance policies and product warranties) derivative of or relating to, property permitted by this Indenture to be subject to Liens but subject to the same
restrictions and limitations set forth in this Indenture as to Liens on such property (including the requirement that such Liens on products, proceeds, accessions, and rights secure only obligations that such property is permitted to secure); 

(l) any Liens securing Indebtedness neither assumed nor guaranteed by the Company or a Subsidiary of the Company nor on which the Company or a
Subsidiary of the Company customarily pays interest, existing upon real estate or rights in or relating to real estate (including rights-of-way and easements) acquired by the Company or such Subsidiary, which mortgage Liens do not materially impair
the use of such property for the purposes for which it is held by the Company or such Subsidiary; 
 (m) any Lien existing or hereafter
created on any office equipment, data processing equipment (including computer and computer peripheral equipment), or transportation equipment (including motor vehicles, aircraft, and marine vessels); 

(n) undetermined Liens and charges incidental to construction or maintenance; 

(o) any Lien created or assumed by the Company or a Subsidiary of the Company on oil, gas, coal, or other mineral or timber property owned or
leased by the Company or a Subsidiary of the Company to secure loans to the Company or a Subsidiary of the Company, for the purpose of developing such properties; 

(p) any Lien created by the Company or a Subsidiary of the Company on any contract (or any rights thereunder or proceeds therefrom) providing
for advances by the Company or such Subsidiary to finance oil, natural gas, hydrocarbon or other mineral exploration or development, which Lien is created to secure Indebtedness incurred to finance such advances; and 

(q) any Lien granted in connection with a cash collateralization or similar arrangement to secure obligations of the Company or of any of the
Company’s Subsidiaries to issuing banks in connection with letters of credits issued at the request of the Company or any Subsidiary of the Company; 

(r) Liens on cash deposits in the nature of a right of setoff, banker’s lien, counterclaim or netting of cash amounts owed arising in the
ordinary course of business on deposit accounts; 
 (s) Liens arising under or from farm-out or farm-in agreements, carried working interest
arrangements or agreements, joint operating agreements, unitization and pooling arrangements and agreements, royalties, overriding royalties, contracts for sales of oil, gas or other mineral interests, area of mutual interest agreements, division
orders, joint ventures, partnerships and similar agreements relating to the exploration or 

  
 9 

 
development of, or production from, oil and gas properties incurred in the ordinary course of business; 

(t) Liens occurring in, arising from, or associated with Specified Escrow Arrangements; 

(u) Liens securing Permitted International Debt; 

(v) Liens not otherwise permitted so long as the aggregate outstanding principal amount of the Indebtedness secured thereby does not exceed
$10,000,000 at any time; and 
 (w) Liens in respect of production payments, forward sales and similar arrangements arising in connection
with Indebtedness that is payable solely out of the proceeds of the sale of oil, natural gas, hydrocarbon or other minerals produced from the properties to which such Lien attaches. 

Each of the foregoing paragraphs (a) through (w) shall also be deemed to permit (i) appropriate Uniform Commercial Code and
other similar filings to perfect the Liens permitted by such paragraph and (ii) Liens on the products and proceeds (including insurance, condemnation and eminent domain proceeds) of and accessions to, and contract or other rights (including
rights under insurance policies and product warranties) derivative of or relating to, the property permitted to be encumbered under such paragraph, but subject to the same restrictions and limitations herein set forth as to Liens on such property
(including the requirement that such Liens on products, proceeds, accessions and rights secure only the specified obligations, and in the amount, that such property is permitted to secure). 

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

“Place of Payment” shall mean, with respect to any Security, the place or places where the principal of, or any
premium or interest on, such Security are payable as provided in or pursuant to this Indenture. 
 “Principal Office
of the Trustee,” or other similar term, shall mean the designated office of the Trustee at which any particular time its corporate trust business shall be administered. 

“record date” shall have the meaning set forth in Section 2.04. 

“Redemption Date” shall mean, with respect to any Security or portion thereof to be redeemed, each date fixed for such
redemption by or pursuant to this Indenture or such Security. 
 “Refinanced Indebtedness” shall have the
meaning assigned to it in the definition of “Permitted Liens” in this Section 1.01. 

  
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 “Responsible Officer,” when used with respect to the Trustee, shall mean
any vice president, any assistant vice president, any assistant treasurer, any trust officer or assistant trust officer, any associate or senior associate or any other officer of the Trustee customarily performing functions similar to those
performed by any of the above designated officers and also shall mean, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject and
who, in each case, shall have direct responsibility for the administration of this Indenture. 
 “Securities Act”
shall mean the Securities Act of 1933, as amended. 
 “Security” and “Securities” shall have the meanings
set forth in the recitals to this Indenture. 
 “Security Register” shall have the meaning set forth in Section 2.06. 

“Security Registrar” shall have the meaning set forth in Section 2.06. 

“Securityholder,” “holder of Securities,” or other similar terms, shall mean any person in whose name at the
time a particular Security is registered on the books of the Company kept for that purpose in accordance with the terms hereof. 

“series” shall mean a series of Securities established under this Indenture. 

“Specified Currency” shall mean the currency in which a Security is denominated, which may include Dollars, any foreign
currency or any composite of two or more currencies. 
 “Specified Escrow Arrangements” shall mean cash deposits at one or
more financial institutions for the purpose of funding any potential shortfall in the daily net cash position of the Company or any of its Subsidiaries. 

“Stated Maturity” shall mean the date established by or pursuant to this Indenture or the applicable series of Securities as
the fixed date on which the principal of the Securities of such series or any installment of interest is due and payable. 

“Subsidiary” shall mean, with respect to any specified Person: 

(a) any corporation, association or other business entity (other than a partnership or limited liability company) of which more than 50% of the
total voting power of Voting Stock is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and 

(b) any partnership (whether general or limited) or limited liability company (i) the sole general partner or member of which is such
Person or a Subsidiary of such Person, or (ii) if there is more than a single general partner or member, either (x) the only managing general partners or managing members of which are such Person or one or

  
 11 

 
more Subsidiaries of such Person (or any combination thereof) or (y) such Person owns or controls, directly or indirectly, a majority of the outstanding general partner interests, member
interests or other Voting Stock of such partnership or limited liability company, respectively. 
 “Trust Indenture
Act” shall mean the Trust Indenture Act of 1939, as amended, and any reference herein to the Trust Indenture Act or a particular provision thereof shall mean such Act or provision, as the case may be, as amended or replaced from time to
time or as supplemented from time to time by rules or regulations adopted by the Commission under or in furtherance of the purposes of such Act or provision, as the case may be. 

“Trustee” shall mean the corporation or association named as Trustee in this Indenture and, subject to the provisions of
Article 7, shall also include its successors and assigns as Trustee hereunder. If pursuant to the provisions of this Indenture there shall be at any time more than one Trustee hereunder, the term “Trustee” as used with respect to the
Securities of any series shall mean the Trustee with respect to the Securities of such series. 
 “Uniform Commercial Code”
shall mean the New York Uniform Commercial Code as in effect from time to time. 
 “Voting Stock” of any Person as
of any date shall mean the Capital Stock of such Person that is at the time entitled (without regard to the occurrence of any contingency) to vote in the election of the Board of Directors of such Person. 

ARTICLE 2 

DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF
SECURITIES 
 Section 2.01. Forms. (a) The Securities of each series shall be in substantially such form as
shall be established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture,
and may have such legends or endorsements placed thereon as the officer executing the same may approve (execution thereof to be conclusive evidence of such approval) and as are not inconsistent with the provisions of this Indenture, or as may be
required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which the Securities of such series may be listed, or to conform to usage. 

(b) The Board Resolution or one or more indentures supplemental hereto establishing the form and terms of the Securities of any series pursuant
to Sections 2.01 and 2.02, respectively, of this Indenture, may provide for issuance of Global Securities. If Securities of a series are so authorized to be issued as Global Securities, any such Global Security may provide that it shall represent
that aggregate amount of Securities from time to time endorsed thereon, and may also provide that the aggregate amount of Outstanding Securities represented thereby may from time to time be reduced to reflect

  
 12 

 
exchanges. Any endorsement of a Global Security to reflect the amount, or any increase or decrease in the amount or changes in the rights of holders of Securities represented thereby, shall be
made in such manner and by such person or persons as shall be specified therein. 
 (c) The Trustee’s Certificate of Authentication on
all Securities shall be in substantially the following form: 
 This is one of the Securities of the series designated
therein described in the within-mentioned Indenture. 
  

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

		 	Authorized Signatory

 Section 2.02. Amount Unlimited; Issuable in Series. The aggregate principal amount of
Securities which may be authenticated and delivered under this Indenture is unlimited. 
 The Securities may be issued in one or more
series. There shall be established in or pursuant to a Board Resolution or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series: 

(a) the title of the Securities of such series (which shall distinguish the Securities of such series from all other Securities); 

(b) any limit upon the aggregate principal amount of the Securities of such 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 such series pursuant to Sections 2.06, 2.08, 2.09, 3.03, 3.06 or 10.04); 

(c) the date or dates on which the principal and premium, if any, of the Securities of such series is payable; 

(d) the rate or rates, or the method of determination thereof, at which the Securities of such series shall bear interest, if any, the date or
dates from which such interest shall accrue, the interest payment dates on which such interest shall be payable and, if other than as set forth in Section 2.04, the record dates for the determination of holders to whom interest is payable; 

(e) in addition to the office or agency of the Company in the Borough of Manhattan, The City of New York required to be maintained pursuant to
Section 4.02, any other Place of Payment; 

  
 13 

 (f) the Specified Currency of the Securities of such series; 

(g) the currency or currencies in which payments on the Securities of such series are payable, if other than the Specified Currency; 

(h) the price or prices at which, the period or periods within which and the terms and conditions upon which Securities of such series may be
redeemed, in whole or in part, at the option of the Company, pursuant to any sinking fund or otherwise; 
 (i) the obligation, if any, of the
Company to redeem, purchase or repay Securities of such series pursuant to any sinking fund or analogous provisions or at the option of a holder thereof and the price at which or process by which and the period or periods within which and the terms
and conditions upon which Securities of such series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation; 

(j) if other than minimum denominations of $2,000 and any integral multiple of $1,000 in excess thereof, the denominations in which Securities
of such series shall be issuable; 
 (k) if other than the principal amount thereof, the portion of the principal amount of Securities of
such series which shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.01; 
 (l) if the
principal of or interest on the Securities of such series are to be payable, at the election of the Company or a holder thereof, in a coin or currency other than the Specified Currency, the period or periods within which, and the terms and
conditions upon which, such election may be made; 
 (m) if the amount of payments of principal of and interest on the Securities of such
series may be determined with reference to an index based on a coin or currency other than the Specified Currency, the manner in which such amounts shall be determined; 

(n) any addition to, or modification of, any Events of Default set forth in Article 6 with respect to the Securities of such series, and
whether any such additional or modified Events of Default shall be subject to covenant defeasance under Section 12.02; 
 (o) if other
than the rate of interest stated in the title of the Securities of such series, the applicable Overdue Rate; 
 (p) in the case of any series
of non-interest bearing Securities, the applicable dates for purposes of Section 5.01(a); 
 (q) if other than The Bank of New York
Mellon Trust Company, N.A. is to act as Trustee for the Securities of such series, the name and Principal Office of such Trustee; 

  
 14 

 (r) if either or both of Section 12.02(b) or Section 12.02(c) do not apply to any
Securities of such series; 
 (s) if applicable, that any Securities of such series shall be issuable in whole or in part in the form of one
or more Global Securities and, in such case, the name of the respective Depositaries for such Global Securities, the form of any legend or legends which shall be borne by any such Global Security in addition to or in lieu of that set forth in
Section 2.12 and any circumstances in addition to or in lieu of those set forth in clause (b) of Section 2.06 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; 

(t) any addition to, or modification of, any covenants set forth in Article 4 with respect to the Securities of such series, and whether any
such additional or modified covenant shall be subject to covenant defeasance under Section 12.02(c); and 
 (u) any other terms of such
series. 
 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 such Board Resolution or in any such indenture supplemental hereto. 
 Notwithstanding Section 2.02(b)
herein and unless otherwise expressly provided with respect to a series of Securities, the Company may, from time to time, without the consent of the Securityholders of Securities of a particular series, reopen such series of Securities and issue
additional Securities (“Additional Securities”) of such series having the same ranking and the same interest rate, maturity and other terms as the Securities of such series, except for the public offering price, the issue date and,
if applicable, the initial interest payment date and initial interest accrual date. Any such Additional Securities, together with the initial Securities of such series, shall constitute a single series of Securities under this Indenture;
provided that if the Additional Securities are not fungible for U.S. federal income tax purposes with the initial Securities of such series, the Additional Securities shall be issued under a separate CUSIP number. No Additional Securities may
be issued if an Event of Default has occurred and is continuing with respect to the series of Securities of which such Additional Securities would be a part. 

Section 2.03. Authentication. 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. Except as otherwise provided in this Article 2, the Trustee shall thereupon authenticate and deliver said Securities to or upon the receipt of a
Company Order. In authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive and (subject to Section 7.01) shall be fully protected
in relying upon: 

  
 15 

 (a) a copy of any Board Resolution relating thereto and, if applicable, an appropriate record of
any action taken pursuant to such resolution; 
 (b) an executed supplemental indenture, if any, relating thereto; 

(c) an Officer’s Certificate prepared in accordance with Section 14.06 which shall also state to the best knowledge of the signers of
such Certificate that no Event of Default with respect to any series of Securities shall have occurred and be continuing; and 
 (d) an
Opinion of Counsel prepared in accordance with Section 14.06 to the effect 
 (i) that the form of such Securities has
been established by or pursuant to a Board Resolution or by a supplemental indenture as permitted by Section 2.01 in conformity with the provisions of this Indenture; 

(ii) that the terms of such Securities have been established by or pursuant to a Board Resolution or by a supplemental
indenture as permitted by Section 2.02 in conformity with the provisions of this Indenture; 
 (iii) that the Company
has all requisite corporate power and authority to execute and deliver such Securities; 
 (iv) that the execution and
delivery of such Securities by the Company have been duly authorized by all necessary corporate action on the part of the Company; 

(v) that such Securities have been duly and validly executed, and when duly authenticated by the Trustee and issued by the
Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute the legal, valid and binding obligations of the Company, enforceable against it in accordance with their terms, subject to applicable
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity, including principles of
commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or in equity); and 

(vi) that the execution and delivery by the Company of such Securities and the performance by the Company of its obligations
thereunder will not conflict with, constitute a default under or violate any of the terms, conditions or provisions of the organizational certificate or bylaws of the Company. 

The Trustee shall have the right to decline to authenticate and deliver or cause to be authenticated and delivered any Securities under this
Section 2.03 if the Trustee, being advised by counsel, determines that such action may not lawfully be taken or if the 

  
 16 

 
Trustee in good faith by its board of directors or trustees, executive committee, or a trust committee of directors or trustees and/or vice presidents shall determine that such action would
expose the Trustee to personal liability to existing Securityholders. 
 Section 2.04. Date and Denomination of
Securities. The Securities of each series shall be issuable in registered form without coupons in such denominations as shall be specified as contemplated by Section 2.02. In the absence of any such specification with respect to the
Securities of any series, the Securities of such series shall be issuable in minimum denominations of $2,000 and any integral multiple of $1,000 in excess thereof. Securities of each series shall be numbered, lettered or otherwise distinguished in
such manner or in accordance with such plan as the officers of the Company executing the same may determine with the approval of the Trustee. 

Every Security shall be dated the date of its authentication. 

The person in whose name any Security of a particular series is registered at the close of business on any record date (as hereinafter
defined) with respect to any interest payment date for such series shall be entitled to receive the interest payable on such interest payment date notwithstanding the cancellation of such Security upon any registration of transfer or exchange
subsequent to the record date and prior to such interest payment date; provided, however, that if and to the extent that the Company shall default in the payment of the interest due on such interest payment date, such defaulted interest shall
be paid to the persons in whose names Outstanding Securities of such series are registered on a subsequent record date established by notice given by mail by or on behalf of the Company to the holders of such Securities not less than 15 days
preceding such subsequent record date, such record date to be not less than five days preceding the date of payment of such defaulted interest. Except as otherwise specified as contemplated by Section 2.02 for Securities of a particular series,
the term “record date” as used in this Section 2.04 with respect to any regular interest payment date, shall mean, the first day of the calendar month of such interest payment date if such interest payment date is the fifteenth
day of such calendar month, and shall mean the fifteenth day of the calendar month preceding such interest payment date if such interest payment date is the first day of a calendar month, whether or not such day shall be a Business Day. 

Interest on the Securities may at the option of the Company be paid by check mailed to the persons entitled thereto at their respective
addresses as such appear on the Security Register. 
 Section 2.05. Execution of Securities. The Securities shall be signed in
the name and on behalf of the Company by the manual or facsimile signature of its President, its Chairman of the Board, its Chief Financial Officer, its Treasurer or Assistant Treasurer, or its Secretary or Assistant Secretary. Only such Securities
as shall bear thereon a certificate of authentication substantially in the form herein recited, executed by the Trustee by the manual signature of an authorized officer, shall be entitled to the benefits of this Indenture or be valid or obligatory
for any purpose. Such certificate by the Trustee upon any Security executed by the Company shall be conclusive evidence that 

  
 17 

 
the Security so authenticated has been duly authenticated and delivered hereunder and that the holder is entitled to the benefits of this Indenture. 

In case any officer of the Company who shall have signed any of the Securities shall cease to be such officer before the Securities so signed
shall have been authenticated and delivered by the Trustee, or disposed of by the Company, such Securities nevertheless may be authenticated and delivered or disposed of as though the person who signed such Securities had not ceased to be such
officer of the Company; and any Security may be signed on behalf of the Company by such persons as, at the actual date of the execution of such Security, shall be the proper officers of the Company, although at the date of the execution of this
Indenture any such person was not such an officer. 
 Section 2.06. Exchange and Registration of Transfer of Securities.
Securities of any series may be exchanged for a like aggregate principal amount of Securities of the same series of other authorized denominations. Securities to be exchanged shall be surrendered, at the option of the holders thereof, either at the
office or agency designated and maintained by the Company for such purpose in the Borough of Manhattan, The City of New York, in accordance with the provisions of Section 4.02 or at any of such other offices or agencies as may be designated and
maintained by the Company for such purpose in accordance with the provisions of Section 4.02, and the Company shall execute and register and the Trustee shall authenticate and deliver in exchange therefor the Security or Securities which the
Securityholder making the exchange shall be entitled to receive. Each person designated by the Company pursuant to the provisions of Section 4.02 as a person authorized to register and register transfer of the Securities is sometimes herein
referred to as a “Security Registrar.” 
 The Company shall keep, at each such office or agency, a
register for each series of Securities issued hereunder (the registers of all Security Registrars, collectively, the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall
register Securities and shall register the transfer of Securities as in this Article 2 provided. The Security Register shall be in written form or in any other form capable of being converted into written form within a reasonable time. At all
reasonable times the Security Registrar shall be open for inspection by the Trustee and any Security Registrar other than the Trustee. Upon due presentment for registration or registration of transfer of any Security of any series at any designated
office or agency, the Company shall execute and register and the Trustee shall authenticate and deliver in the name of the transferee or transferees a new Security or Securities of the same series for an equal aggregate principal amount.
Registration or registration of transfer of any Security by any Security Registrar in the Security Register maintained by such Security Registrar, and delivery of such Security, duly authenticated, shall be deemed to complete the registration or
registration of transfer of such Security. Notwithstanding anything herein to the contrary, there shall only be one Security Register for each series of Securities. 

No person shall at any time be designated as or act as a Security Registrar unless such person is at such time empowered under applicable law
to act as such under and to the extent required by applicable law and regulations. 

  
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 All Securities presented for registration of transfer or for exchange, redemption or payment
shall (if so required by the Company or the Trustee) be duly endorsed by, or be accompanied by a written instrument or instruments of transfer or exchange in form satisfactory to the Company and the Trustee duly executed by, the applicable
Securityholder or his attorney duly authorized in writing. 
 No service charge shall be made for any exchange or registration of transfer
of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. 

The Company shall not be required to exchange or register a transfer of (a) any Securities of any series for the period of 15 days next
preceding the selection of Securities of that series to be redeemed and thereafter until the date of the mailing (or other delivery in accordance with the applicable procedures of the Depositary) of a notice of redemption of Securities of that
series selected for redemption, or (b) any Securities selected, called or being called for redemption in whole or in part except, in the case of any Security to be redeemed in part, the portion thereof not so to be redeemed. 

Section 2.07. Global Securities. The provisions of this Section 2.07 shall apply only to Global Securities. 

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

(b) Notwithstanding any other provision in this Indenture, no Global Security evidencing the Securities of any series may be exchanged in whole
or in part for Securities of such series registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any Person other than the Depositary for such Global Security or a nominee thereof unless (i) such
Depositary has notified the Company that it is unwilling or unable to continue its services as Depositary for such Global Security and no successor Depositary has been appointed within 90 days after such notice, or (ii) such Depositary ceases
to be a “clearing agency” registered under Section 17A of the Exchange Act when the Depositary is required to be so registered to act as the Depositary and no successor Depositary has been appointed within 90 days of the Company
becoming aware of such failure to be so registered, (iii) the Company determines at any time that the Securities of such series shall no longer be represented by Global Securities, in which case the Company shall inform such Depositary of such
determination and participants in such Depositary may elect to withdraw their beneficial interests in the Securities from such Depositary, or (iv) any event shall have occurred and be continuing which, after notice or lapse of time, or both,
would constitute an Event of Default with respect to such series of Securities, and such exchange is requested by or on behalf of the Depositary in accordance with customary procedures following the request of a Beneficial Owner seeking to exercise
or enforce its rights under the Securities of such series. 

  
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 (c) Subject to Section 2.07(b), any exchange of a Global Security for other Securities may
be made in whole or in part, and all Securities issued in exchange for a Global Security or any portion thereof shall be registered in such names as the Depositary for such Global Security shall direct. 

(d) Every Security authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Security or any
portion thereof shall be authenticated and delivered in the form of, and shall be, a Global Security, unless such Security is registered in the name of a Person other than the Depositary for such Global Security or a nominee thereof. 

(e) Subject to the provisions of Section 2.07(g), the registered Securityholder 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 Securityholder is entitled to take under this Indenture or the Securities. 

(f) In the event of the occurrence of any of the events specified in Section 2.07(b), (i) the Company shall promptly make available
to the Trustee a reasonable supply of such certificated Securities in definitive, fully registered form, without interest coupons, and (ii) the Trustee shall promptly exchange each beneficial interest in the applicable Global Security for one
or more certificated Securities in definitive, fully registered form, without interest coupons, in authorized denominations having an equal aggregate principal amount registered in the name of the owner of such beneficial interest, as identified to
the Trustee by the Depositary, and thereupon such Global Security will be deemed canceled. 
 (g) Neither any members of, or participants
in, the Depositary (collectively, the “Agent Members”) nor any other Persons on whose behalf Agent Members may act, shall have any rights under this Indenture with respect to any Global Security registered in the name of the
Depositary or any nominee thereof, or under any such Global Security, and the Depositary or such nominee, as the case may be, may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner and holder of
such Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company or the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other
authorization furnished by the Depositary or such nominee, as the case may be, or impair, as between the Depositary, its Agent Members and any other Person on whose behalf an Agent Member may act, the operation of customary practices of such Persons
governing the exercise of the rights of a holder of any Security. 
 Section 2.08. Mutilated, Destroyed, Lost or Stolen
Securities. In case any temporary or definitive Security shall become mutilated or be destroyed, lost or stolen, the Company (in the case of a mutilated Security) shall, and the Company may in its discretion (in the case of a destroyed, lost or
stolen Security), execute and, upon the written request or authorization of any officer of the Company, the Trustee shall authenticate and deliver, a new Security of the same series, bearing a number not contemporaneously Outstanding, in exchange
and substitution for the mutilated Security, 

  
 20 

 
or in lieu of and in substitution for the Security so destroyed, lost or stolen. In every case the applicant for a substituted Security shall furnish to the Company and to the Trustee such
security or indemnity as may be required by them to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish the Company and to the Trustee evidence to their satisfaction of the destruction, loss
or theft of such Security and the ownership thereof. 
 Upon the issuance of any substituted Security, the Company may require the payment
of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses connected therewith. In case any Security which has matured or is about to mature shall become mutilated or be
destroyed, lost or stolen, the Company may, instead of issuing a substituted Security, pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated Security) if the applicant for such payment shall furnish to
the Company and to the Trustee such security or indemnity as may be required by them to save each of them harmless and, in case of destruction, loss or theft, evidence satisfactory to the Company and the Trustee of the destruction, loss or theft of
such Security and the ownership thereof. 
 Every substituted Security issued pursuant to the provisions of this Section 2.08 by virtue
of the fact that any Security is destroyed, lost or stolen shall constitute an additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be found at any time, and shall be entitled to all the
benefits of this Indenture equally and proportionately with any and all other Securities of the same series duly issued hereunder. All Securities shall be held and owned upon the express condition that the foregoing provisions are exclusive with
respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities and shall preclude (to the extent lawful) any and all other rights or remedies with respect to the replacement or payment of negotiable instruments or other
securities without their surrender. 
 Section 2.09. Temporary Securities. Pending the preparation of definitive Securities of
any series the Company may execute and the Trustee shall authenticate and deliver temporary Securities (printed, lithographed or typewritten). Temporary Securities shall be issuable in any authorized denomination and substantially in the form of the
definitive Securities in lieu of which they are issued, but with such omissions, insertions and variations as may be appropriate for temporary Securities, all as may be determined by the Company. Every such temporary Security shall be authenticated
by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the definitive Securities in lieu of which they are issued. Without unreasonable delay, the Company shall execute and deliver to the Trustee
definitive Securities of such series, and thereupon any or all temporary Securities of such series may be surrendered in exchange therefor, at the option of the holders thereof, either at the office or agency to be designated and maintained by the
Company for such purpose in the Borough of Manhattan, The City of New York, in accordance with the provisions of Section 4.02 or at any of such other offices or agencies as may be designated and maintained by the Company for such purpose in
accordance with the provisions of Section 4.02, and the Trustee shall authenticate and deliver in exchange for such temporary Securities an equal 

  
 21 

 
aggregate principal amount of definitive Securities of the same series. Such exchange shall be made by the Company at its own expense and without any charge therefor. Until so exchanged, the
temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of the same series authenticated and delivered hereunder. 

Section 2.10. Cancellation of Securities Paid, etc. All Securities surrendered for the purpose of payment, redemption, repayment,
exchange or registration of transfer or for credit against any sinking fund shall, if surrendered to the Company, any Security Registrar, any paying agent or any other agent of the Company or of the Trustee, be delivered to the Trustee and promptly
cancelled by it, or, if surrendered to the Trustee, shall be promptly cancelled by it, and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee may dispose of cancelled
Securities in accordance with its customary procedures and deliver a certificate of such disposition to the Company or, at the written request of the Company, shall deliver cancelled Securities to the Company. If the Company shall acquire any of the
Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation. 

Section 2.11. Computation of Interest. Except as otherwise specified as contemplated by Section 2.02 for Securities of
any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. 

Section 2.12. Form of Legend for Global Securities. Unless otherwise specified as contemplated by Section 2.02 for the
Securities evidenced thereby, every Global Security authenticated and delivered hereunder shall bear a legend in substantially the following form (or such other form as a securities exchange or Depositary may request or require): 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), OR A NOMINEE OF DTC. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN DTC OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY DTC TO A NOMINEE OF DTC, OR BY A NOMINEE OF DTC TO DTC OR ANOTHER NOMINEE OF DTC. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE
OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED 

  
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REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN. 
 Section 2.13. CUSIP Numbers. The Company in issuing the Securities may use “CUSIP” numbers (if then
generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Securityholders; provided that any such notice may state that no representation is made as to the correctness of such
numbers, either as printed on the Securities or as contained in any notice of a redemption, and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall not be affected by any
defect in or omission of such numbers. The Company shall promptly notify the Trustee of any changes in the “CUSIP” numbers of any series of Securities. 

ARTICLE 3 

REDEMPTION OF SECURITIES; SINKING FUNDS 

Section 3.01. Applicability of Article. The provisions of this Article 3 shall be applicable, as the case may be,
(a) to the Securities of any series which are redeemable before their maturity and (b) to any sinking fund for the retirement of Securities of any series, in either case except as otherwise specified as contemplated by Section 2.02
for Securities of such series. 
 The minimum amount of any sinking fund payment provided for by the terms of Securities of any
series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “optional sinking fund
payment.” 
 Section 3.02. Notice of Redemption; Selection of Securities. In case the Company shall desire to
exercise any right to redeem all, or, as the case may be, any part of, the Securities of any series in accordance with their terms, it shall fix a date for redemption and shall mail (or otherwise deliver in accordance with the applicable procedures
of the Depositary) a notice of such redemption at least 30 and not more than 60 days prior to the date fixed for redemption to the holders of Securities of such series so to be redeemed as a whole or in part at their last addresses as the same
appear on the Security Register and to the Trustee, except as the supplemental indenture or resolutions adopted by the Board of Directors to establish the terms of any series of Securities may otherwise provide. Such mailing shall be by first class
mail. The notice if mailed (or otherwise delivered) in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the holder receives such notice. In any case, failure to give such notice by mail (or otherwise
deliver in accordance with the applicable procedures of the Depositary) or any defect in the notice to the holder of any Security of a series designated for redemption as a whole or in part shall not affect the validity of the proceedings for the
redemption of any other Security of such series. 

  
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 Each such notice of redemption shall specify the date fixed for redemption, the redemption price
at which the Securities of such series are to be redeemed (or if not then ascertainable, the manner of calculation thereof), the place or places of payment, that payment will be made upon presentation and surrender of such Securities, that any
interest accrued to the date fixed for redemption will be paid as specified in said notice, and that on and after said date any interest thereon or on the portions thereof to be redeemed will cease to accrue. Where the redemption price is not
ascertainable at the time the notice of redemption is given as aforesaid, the Company shall notify the Trustee of said redemption price promptly after the calculation thereof. If less than all the Securities of a series are to be redeemed the notice
of redemption shall specify the number or numbers of the Securities of that series to be redeemed. In case any Security of a series is to be redeemed in part only, the notice of redemption shall state the portion of the principal amount thereof to
be redeemed and shall state that on and after the date fixed for redemption, upon surrender of such Security, a new Security or Securities of that series in principal amount equal to the unredeemed portion thereof will be issued. Notice of
redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company’s request and with the notice information provided to the Trustee, by the Trustee in the name and at the expense of the
Company, and shall be irrevocable; provided that, in the latter case, the Company shall give the Trustee at least ten days’ prior notice of the date of the giving of the notice (unless a shorter notice shall be satisfactory to the
Trustee). 
 On or prior to the Redemption Date specified in the notice of redemption given as provided in this Section 3.02, the
Company shall deposit with the Trustee or with one or more paying agents (or, if the Company is acting as its own paying agent, shall segregate and hold in trust as provided in Section 4.04) an amount of money sufficient to redeem on such
Redemption Date specified in the notice of redemption given as provided in this Section 3.02 all the Securities or portions thereof so called for redemption, together with accrued interest to the date fixed for redemption. The Company shall give the
Trustee notice not less than 35 days (or such shorter period as may be acceptable to the Trustee) prior to the Redemption Date specified in the notice of redemption given as provided in this Section 3.02 as to the aggregate principal amount of
Securities of such series to be redeemed, and the Trustee shall select or cause to be selected, in such manner as in its sole discretion it shall deem appropriate and fair, the Securities of that series or portions thereof to be redeemed. Securities
of a series may be redeemed in part only in multiples of the smallest authorized denomination of that series. 
 Beneficial interests in
Securities represented by Global Securities shall be selected for redemption by the Depositary therefor in accordance with its standard procedures. In the case of any redemption of Securities (a) prior to the expiration of any restriction on
such redemption provided in the terms of such Securities or (b) pursuant to an election of the Company which is subject to a condition specified in the terms of such Securities, the Company shall furnish the Trustee with an Officer’s
Certificate and an Opinion of Counsel evidencing compliance with such restriction or condition. 
 Section 3.03. Payment of
Securities Called for Redemption. If notice of redemption has been given as provided in Section 3.02 or Section 3.05, the Securities or portions of Securities of the series with respect to which such notice has been given shall become
due and payable on the date and at the place or places stated in such notice at the 

  
 24 

 
applicable redemption price, together with any interest accrued to, but excluding, the date fixed for redemption, and on and after said date (unless the Company shall default in the payment of
such Securities or portions of such Securities, together with any interest accrued to said date) any interest on the Securities of such series or portions of Securities of such series so called for redemption shall cease to accrue. On presentation
and surrender of such Securities at a Place of Payment in said notice specified, the said Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with any interest accrued
thereon to, but excluding, the date fixed for redemption; provided, however, that any regularly scheduled installment of interest becoming due on or prior to the date fixed for redemption shall be payable to holders of such Securities
registered as such on the relevant record date according to their terms. 
 Upon presentation of any Security redeemed in part only, the
Company shall execute and the Trustee shall authenticate and deliver to the holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the
unredeemed portion of the Security so presented. 
 Section 3.04. Satisfaction of Mandatory Sinking Fund Payments with
Securities. In lieu of making all or any part of any mandatory sinking fund payment with respect to any Securities of a series in cash, the Company may at its option (a) deliver to the Trustee Securities of that series theretofore purchased
or otherwise acquired by the Company, or (b) receive credit for the principal amount of Securities of that series which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application
of permitted optional sinking fund payments pursuant to the terms of such Securities; provided that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the
redemption price specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly. 

Section 3.05. Redemption of Securities for Sinking Fund. Not less than 60 days prior to each sinking fund payment date for any
series of Securities, the Company shall deliver to the Trustee a certificate signed by the Treasurer or any Assistant Treasurer of the Company specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of
that series, the portion thereof, if any, which is to be satisfied by payment of cash (which cash may be deposited with the Trustee or with one or more paying agents, or if the Company is acting as its own paying agent segregated and held in trust
as provided in Section 4.04) and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities of that series pursuant to Section 3.04 (which Securities, if not theretofore delivered, will accompany such
certificate) and whether the Company intends to exercise its right to make a permitted optional sinking fund payment with respect to such series. Such certificate shall also state that no Event of Default has occurred and is continuing with respect
to such series. Such certificate shall be irrevocable and upon its delivery the Company shall be obligated to make the cash payment or payments therein referred to, if any, on or before the next succeeding

  
 25 

 
sinking fund payment date. In the case of the failure of the Company to deliver such certificate (or to deliver the Securities specified in this paragraph), the sinking fund payment due on the
next succeeding sinking fund payment date for that series shall be paid entirely in cash and shall be sufficient to redeem the principal amount of such Securities subject to a mandatory sinking fund payment without the option to deliver or credit
Securities as provided in Section 3.04 and without the right to make any optional sinking fund payment, if any, with respect to such series. 

Any sinking fund payment or payments (mandatory or optional) made in cash plus any unused balance of any preceding sinking fund payments made
in cash which shall equal or exceed $100,000 or the equivalent amount in the Specified Currency (if other than Dollars) (or a lesser sum if the Company shall so request or determine) with respect to the Securities of any particular series shall be
applied by the Trustee (or by the Company if the Company is acting as its own paying agent) on the sinking fund payment date on which such payment is made (or, if such payment is made before a sinking fund payment date, on the next sinking fund
payment date following the date of such payment) to the redemption of such Securities at the redemption price specified in such Securities for operation of the sinking fund together with accrued interest, if any, to the date fixed for redemption.
Any sinking fund moneys not so applied or allocated by the Trustee (or by the Company if the Company is acting as its own paying agent) to the redemption of Securities shall be added to the next cash sinking fund payment received by the Trustee (or
if the Company is acting as its own paying agent, segregated and held in trust as provided in Section 4.04) for such series and, together with such payment (or such amount so segregated), shall be applied in accordance with the provisions of
this Section 3.05. Any and all sinking fund moneys with respect to the Securities of any particular series held by the Trustee (or if the Company is acting as its own paying agent, segregated and held in trust as provided in Section 4.04)
on the last sinking fund payment date with respect to Securities of such series and not held for the payment or redemption of particular Securities of such series shall be applied by the Trustee (or by the Company if the Company is acting as its own
paying agent), together with other moneys, if necessary, to be deposited (or segregated) sufficient for the purpose, to the payment of the principal of the Securities of that series at maturity. 

The Trustee shall select or cause to be selected the Securities to be redeemed upon such sinking fund payment date in the manner specified in
the second to last paragraph of Section 3.02, and the Company shall cause notice of the redemption thereof to be given in the manner provided in Section 3.02, except that the notice of redemption shall also state that the Securities are
being redeemed by operation of the sinking fund. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Section 3.03. 

On or before each sinking fund payment date, the Company shall pay to the Trustee in cash (or, if the Company is acting as its own paying
agent, shall segregate and hold in trust as provided in Section 4.04) a sum equal to any interest accrued to the date fixed for redemption of Securities or portions thereof to be redeemed on such sinking fund payment date pursuant to this
Section 3.05. 

  
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 Neither the Trustee nor the Company shall redeem any Securities of a series with sinking fund
moneys or mail (or otherwise deliver) any notice of redemption of such Securities by operation of the sinking fund for such series during the continuance of a default in payment of interest, if any, on such Securities or of any Event of Default
(other than an Event of Default occurring as a consequence of this paragraph) with respect to such Securities, except that if the notice of redemption of any such Securities shall theretofore have been mailed (or otherwise delivered in accordance
with the applicable procedures of the Depositary) in accordance with the provisions hereof, the Trustee (or the Company if the Company is acting as its own paying agent) shall redeem such Securities if cash sufficient for that purpose shall be
deposited with the Trustee (or segregated by the Company) for that purpose in accordance with the terms of this Article 3. Except as aforesaid, any moneys in the sinking fund for such series at the time when any such default or Event of Default
shall occur and any moneys thereafter paid into such sinking fund shall, during the continuance of such default or Event of Default, be held as security for the payment of such Securities; provided, however, that in case such default or Event
of Default shall have been cured or waived as provided herein, such moneys shall thereafter be applied on the next sinking fund payment date for such Securities on which such moneys may be applied pursuant to the provisions of this
Section 3.05. 
 Section 3.06. Repayment at the Option of the Holder. Any series of Securities may be made, by
provision contained in or established pursuant to a supplemental indenture or a Board Resolution pursuant to Section 2.02 hereof, subject to repayment, in whole or in part, at the option of the holder on a date or dates specified prior to
maturity, at a price equal to 100% of the principal amount thereof, together with accrued interest to the date of repayment, on such notice as may be required; provided, however, that the holder of a Security may only elect partial repayment
in an amount that will result in the portion of such Security that will remain Outstanding after such repayment constituting an authorized denomination, or combination thereof, of such Securities. 

ARTICLE 4 

PARTICULAR COVENANTS OF THE COMPANY 

Section 4.01. Payment of Principal, Premium and Interest. The Company covenants and agrees for the benefit of each series
of Securities that it shall duly and punctually pay or cause to be paid the principal of, premium, if any, and interest, if any, on each of the Securities of that series at the places, at the respective times and in the manner provided in such
Securities. 
 Section 4.02. Offices for Notices and Payments, etc. As long as any of the Securities of a series remain
Outstanding, the Company shall designate and maintain in the Borough of Manhattan, The City of New York, an office or agency where the Securities of that series may be presented for payment, an office or agency where the Securities of that series
may be presented for registration of transfer and for exchange as in this Indenture provided and an office or agency where notices and demands to or upon the Company in respect of the Securities of that series or of this Indenture may be served. In
addition to such office or offices or agency or agencies, the Company may from time to time designate and maintain one or more additional offices or agencies within or 

  
 27 

 
outside the Borough of Manhattan, The City of New York, where the Securities of that series may be presented for payment, registration of transfer or for exchange, and the Company may from time
to time rescind such designation, as it may deem desirable or expedient. The Company shall give to the Trustee written notice of the location of each such office or agency and of any change of location thereof. In case the Company shall fail to
maintain any such office or agency in the Borough of Manhattan, The City of New York, or shall fail to give such notice of the location or of any change in the location thereof, presentations and demands may be made and notices may be served at the
Principal Office of the Trustee. 
 The Company hereby initially designates the Principal Office of the Trustee, acting through the
corporate trust office of its affiliate, The Bank of New York Mellon, located at 101 Barclay Street, New York, New York 10286, as the office or agency of the Company in the Borough of Manhattan, The City of New York, where the Securities of each
series may be presented for payment, for registration of transfer and for exchange as in this Indenture provided and where notices and demands to or upon the Company in respect of the Securities of each series or of this Indenture may be served.

 Section 4.03. Appointment to Fill Vacancies in Trustee’s Office. The Company, whenever necessary to avoid or fill a
vacancy in the office of Trustee, shall appoint, in the manner provided in Section 7.10, a successor Trustee, so that there shall at all times be a Trustee with respect to each series of Securities hereunder. 

Section 4.04. Provision as to Paying Agent. (a) If the Company shall appoint a paying agent other than the Trustee with
respect to the Securities of any series, it shall cause such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section 4.04: 

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

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

(iii) that at any time during the continuance of any failure by the Company (or by any other obligor on the Securities of such
series) specified in the preceding paragraph (ii), such payment agent will, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by it. 

(b) If the Company shall act as its own paying agent with respect to the Securities of any series, it shall, on or before each due date of the
principal of, premium, if any, or interest, if any, on the Securities of such series, set aside, segregate and hold in 

  
 28 

 
trust for the benefit of the holders of such Securities a sum sufficient to pay such principal, premium, if any, or interest, if any, so becoming due and shall promptly notify the Trustee of any
failure to take such action and of any failure by the Company (or by any other obligor on the Securities of such series) to make any payment of the principal of, premium, if any, or interest, if any, on the Securities of such series when the same
shall become due and payable. 
 (c) Anything in this Section 4.04 to the contrary notwithstanding, the Company may, at any time, for
the purpose of obtaining a satisfaction and discharge of this Indenture, or for any other reason, pay or cause to be paid to the Trustee all sums held in trust by it, or any paying agent hereunder, as required by this Section 4.04, such sums to
be held by the Trustee upon the trusts herein contained. 
 (d) Anything in this Section 4.04 to the contrary notwithstanding, the
agreement to hold sums in trust as provided in this Section 4.04 is subject to Sections 12.04 and 12.05. 
 (e) Whenever the Company
shall have one or more paying agents with respect to the Securities of any series, it shall, prior to each due date of the principal of, premium, if any, or interest, if any, on the Securities of such series, deposit with a designated paying agent a
sum sufficient to pay the principal, premium, if any, and interest, if any, so becoming due, such sum to be held in trust for the benefit of the persons entitled to such principal, premium, if any, or interest, if any, and (unless such paying agent
is the Trustee) the Company shall promptly notify the Trustee of any failure so to act. 
 Section 4.05. Statement as to
Compliance. The Company shall furnish to the Trustee on or before May 1, in each year (beginning with the first May 1 following the first date of issuance of any Securities under this Indenture) a brief certificate (which need not
comply with Section 14.06) from the principal executive, financial or accounting officer of the Company as required by Section 314(a)(4) of the Trust Indenture Act. 

Section 4.06. Additional Amounts. If the Securities of a series provide for the payment of additional amounts, at least 10 days
prior to the first interest payment date with respect to that series of Securities and at least 10 days prior to each date of payment of principal of, premium, if any, or interest on the Securities of that series if there has been a change with
respect to the matters set forth in the below-mentioned Officer’s Certificate, the Company shall furnish to the Trustee and the principal paying agent, if other than the Trustee, an Officer’s Certificate instructing the Trustee and such
paying agent whether such payment of principal of, premium, if any, or interest on the Securities of that series shall be made to holders of the Securities of that series without withholding or deduction for or on account of any tax, assessment or
other governmental charge described in the Securities of that series. If any such withholding or deduction shall be required, then such Officer’s Certificate shall specify by country the amount, if any, required to be withheld or deducted on
such payments to such holders and shall certify the fact that additional amounts will be payable and the amounts so payable to each holder, and the Company shall pay to the Trustee or such paying agent the additional

  
 29 

 
amounts required to be paid by this Section 4.06. The Company covenants to indemnify the Trustee and any paying agent for, and to hold them harmless against, any loss, liability or expense
reasonably incurred without negligence or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officer’s Certificate furnished pursuant to this Section 4.06. 

Whenever in this Indenture there is mentioned, in any context, the payment of the principal of or any premium, interest or any other amounts
on, or in respect of, any Security of any series, such mention shall be deemed to include mention of the payment of additional amounts provided by the terms of such series established hereby or pursuant hereto to the extent that, in such context,
additional amounts are, were or would be payable in respect thereof pursuant to such terms, and express mention of the payment of additional amounts (if applicable) in any provision hereof shall not be construed as excluding the payment of
additional amounts in those provisions hereof where such express mention is not made. 
 Section 4.07. Limitation on Liens.
The Company shall not, and shall not permit any Subsidiary of the Company to, issue, assume, or guarantee any Indebtedness secured by a Lien, other than Permitted Liens, upon any of the Company’s or any of the Company’s
Subsidiaries’ property, now owned or hereafter acquired, unless the Securities are equally and ratably secured with such Indebtedness until such time as such Indebtedness is no longer secured by a Lien. 

Notwithstanding the preceding paragraph, the Company may, and may permit any Subsidiary of the Company to, issue, assume or guarantee any
Indebtedness secured by a Lien, other than a Permitted Lien, without securing the Securities, provided that the aggregate principal amount of all Indebtedness of the Company and any Subsidiary of the Company then outstanding secured by any such
Liens (other than Permitted Liens) does not exceed 15% of Consolidated Net Tangible Assets. 
 ARTICLE 5 

SECURITYHOLDER LISTS AND REPORTS BY THE
COMPANY AND THE TRUSTEE 
 Section 5.01. Securityholder
Lists. If and so long as the Trustee shall not be the Security Registrar for the Securities of any series, the Company and any other obligor on the Securities shall furnish or cause to be furnished to the Trustee a list in such form as the
Trustee may reasonably require of the names and addresses of the holders of the Securities of such series pursuant to Section 312 of the Trust Indenture Act (a) semi-annually not more than 15 days after each record date for the payment of
interest on such Securities, as hereinabove specified, as of such record date, and on dates to be determined pursuant to Section 2.02 for non-interest bearing Securities in each year, and (b) at such other times as the Trustee may request in
writing, within thirty days after receipt by the Company of any such request as of a date not more than 15 days prior to the time such information is furnished. 

Section 5.02. Reports by the Company. The Company covenants to file with the Trustee, within 30 days after the Company has
filed the same with the SEC, 

  
 30 

 
copies of the annual reports and of the information, documents and other reports that the Company is required to file with the Commission pursuant to Section 13 or Section 15(d) of the
Exchange Act or pursuant to Section 314 of the Trust Indenture Act. Annual reports, information, documents and reports that are filed by the Company with the Commission via the EDGAR system or any successor electronic delivery procedure will be
deemed to be filed with the Trustee at the time such documents are filed via the EDGAR system or such successor procedure. Delivery of such reports, information and documents to the Trustee is for informational purposes only, and the Trustee’s
receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is
entitled to rely exclusively on Officer’s Certificates). 
 Section 5.03. Reports by the Trustee. Any Trustee’s
report required under Section 313(a) of the Trust Indenture Act shall be transmitted on or before March 15 in each year beginning March 15, 2015, as provided in Section 313(c) of the Trust Indenture Act, so long as any Securities
are Outstanding hereunder, and shall be dated as of a date convenient to the Trustee no more than 60 days prior thereto. A copy of each such report shall, at the time of such transmission to Securityholders, be filed by the Trustee with each stock
exchange, if any, upon which any Securities are listed, with the Commission and with the Company. The Company shall notify the Trustee, in writing, when any Securities are listed on any stock exchange or delisted therefrom. 

ARTICLE 6 
 REMEDIES
OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT 

Section 6.01. Events of Default. The term “Event of Default” whenever used herein with
respect to Securities of any series shall mean any one of the following events, and such other events as may be established with respect to the Securities of such series as contemplated by Section 2.02 hereof, continued for the period of time,
if any, and after the giving of notice, if any, designated in this Indenture or as may be established with respect to such Securities as contemplated by Section 2.02 hereof, as the case may be, unless it is either inapplicable or is
specifically deleted or modified in the applicable Board Resolution or in the supplemental indenture under which such series of Securities is issued, as the case may be, as contemplated by Section 2.02: 

(a) a default in the payment of any interest in respect of the Securities of such series when due that continues for 30 days; 

(b) a default in the payment of the principal of or any premium, if any, on the Securities of such series when due at their Stated Maturity,
upon redemption, or otherwise; 
 (c) default in the making or satisfaction of any sinking fund payment or analogous obligation as and when
the same shall become due and payable by the terms of the Securities of such series; 

  
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 (d) failure on the part of the Company duly to observe or perform any other of the covenants or
agreements in this Indenture (other than a covenant or agreement in respect of the Securities of such series a default in whose observance or performance is elsewhere in this Section 6.01 specifically dealt with), which failure shall continue
for a period of 60 days, or in the case of Section 5.02, 90 days, after the date on which written notice of such failure, requiring the same to be remedied and stating that such notice is a “Notice of Default” shall have been given to
the Company by the Trustee, upon direction of holders of at least 25% in principal amount of the Outstanding Securities of such series; provided, however, that if such failure is not capable of cure within such 60-day or 90-day period, as the case
may be, such 60-day or 90-day period, as the case may be, shall be automatically extended by an additional 60 days so long as (i) such failure is subject to cure, and (ii) the Company is using commercially reasonable efforts to cure such
failure; 
 (e) a decree or order by a court having jurisdiction in the premises shall have been entered adjudging the Company bankrupt or
insolvent, or approving as properly filed a petition seeking liquidation or reorganization of the Company under any applicable bankruptcy, insolvency, reorganization or other similar law, and such decree or order shall have continued unvacated and
unstayed for a period of 90 days; an involuntary case shall be commenced under any applicable bankruptcy, insolvency, reorganization or other similar law in respect of the Company and shall continue undismissed for a period of 90 days or an order
for relief in such case shall have been entered and such order shall have remained in force unvacated and unstayed for a period of 90 days; or a decree or order of a court having jurisdiction in the premises shall have been entered for the
appointment on the ground of insolvency or bankruptcy of a receiver, custodian, liquidator, trustee or assignee in bankruptcy or insolvency of the Company or of its property, or for the winding up or liquidation of its affairs, and such decree or
order shall have remained in force unvacated and unstayed for a period of 90 days; 
 (f) the Company shall institute proceedings to be
adjudicated a voluntary bankrupt, shall consent to the filing of a bankruptcy proceeding against it, shall file a petition or answer or consent seeking liquidation or reorganization under any applicable bankruptcy, insolvency, reorganization or
other similar law, shall consent to the filing of any such petition or shall consent to the appointment on the ground of insolvency or bankruptcy of a receiver or custodian or liquidator or trustee or assignee in bankruptcy or insolvency of it or of
its property, or shall make a general assignment for the benefit of creditors; and 
 (g) any other Event of Default provided in the
applicable Board Resolution or in the supplemental indenture under which such series of Securities is issued, as the case may be, as contemplated by Section 2.02. 

Section 6.02. Acceleration of Maturity; Rescission and Annulment. If (i) upon the occurrence and continuance of an Event of
Default specified in clause (a), (b) or (c) of the definition thereof with respect to the Securities of any series, the Company and the Trustee receive notice in writing that holders of not less than 25%, or (ii) upon the

  
 32 

 
occurrence and continuance of an Event of Default specified in clause (d) or (g) of the definition thereof with respect to the Securities of any series (unless, in the case of clause
(g), otherwise provided for in the terms of the Securities of such series pursuant to Section 2.02), the Company and the Trustee receive notice in writing that holders of not less than a majority, in aggregate principal amount of the
Outstanding Securities of such series have declared the principal of all Outstanding Securities of such series to be due and payable immediately, then upon any such declaration the same shall become and shall be immediately due and payable, anything
contained in this Indenture or in the Securities of such series to the contrary notwithstanding. If an Event of Default described in clause (e) or (f) above shall occur and be continuing then the principal amount of all the Securities of
such series then Outstanding under this Indenture shall be and become due and payable immediately, without notice or other action by any holder or the Trustee, to the full extent permitted by law. 

At any time after a declaration of acceleration or automatic acceleration with respect to the Securities of any series has been made and
before a judgment or decree for payment of the money due has been obtained by the Trustee as hereafter in this Article 6 provided, the holders of not less than a majority in principal amount of the Outstanding Securities of such series by written
notice to the Company and the Trustee, may rescind and annul the declaration or automatic acceleration and its consequences if: 
 (a) the
Company has paid or deposited with the Trustee a sum of money sufficient to pay (i) all overdue installments of interest on the Securities of such series, (ii) the principal of, and any premium on, the Securities of such series which have
become due otherwise than by the declaration of acceleration or automatic acceleration and interest thereon, (iii) interest upon overdue interest on the Securities of such series at the Overdue Rate and (iv) all sums paid or advanced by
the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; and 

(b) all Events of Default, other than the non-payment of the principal of, and any premium and interest on, the Securities of such series which
shall have become due solely by the acceleration, shall have been cured or waived as provided in Section 6.13. 
 Section 6.03.
Collection of Indebtedness and Suits for Enforcement by Trustee. 
 The Company covenants that if 

(a) default is made in the payment when due of any interest on the Securities of any series and such default continues for 30 days; 

(b) default is made in the payment of the principal of or any premium on the Securities of any series when the principal or premium becomes due
and payable at Maturity; or 
 (c) default is made in the making or satisfaction of any sinking fund payment or analogous obligation when the
same becomes due and payable by the terms of the Securities of any series 

  
 33 

 the Company shall, upon demand of the Trustee, pay to the Trustee, for the benefit of the holders of the
Securities of such series the whole amount of money then due and payable with respect to the Securities of such series with interest upon the overdue principal, any premium and, to the extent that payment of such interest shall be legally
enforceable, upon any overdue installments of interest at the Overdue Rate and, in addition thereto, such further amount of money as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel and all other amounts due to the Trustee under Section 7.06. 
 If
the Company fails to pay the money it is required to pay the Trustee pursuant to the preceding paragraph forthwith upon the demand of the Trustee, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding
for the collection of the money so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce the same against the Company or any other obligor upon the Securities of such series and collect the monies adjudged or
decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon the Securities of such series wherever situated. 

If an Event of Default occurs and is continuing with respect to the Securities of any series, the Trustee may, and if (i) an Event of
Default specified in clause (a), (b), (c), (e) or (f) of the definition thereof occurs and is continuing with respect to the Securities of any series, and holders of not less than 25%, or (ii) an Event of Default specified in clause
(d) or (g) of the definition thereof occurs and is continuing with respect to the Securities of any series (unless, in the case of clause (g), otherwise provided for in the terms of the Securities of such series pursuant to
Section 2.02), and holders of not less than a majority, in aggregate principal amount of the Outstanding Securities of such series direct, so long as such holders shall have provided the Trustee with such indemnity as it shall require and
subject to the provisions of Section 6.12, the Trustee shall, proceed to protect and enforce its rights and the rights of the holders of the Securities of such series by such appropriate judicial proceedings as the Trustee shall deem most
effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or the Securities of such series or in aid of the exercise of any power granted herein or therein, or to enforce
any other proper remedy. 
 Section 6.04. Proceedings by Trustee. In case of an Event of Default hereunder, the Trustee
may, in its discretion, proceed to protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any of such rights, either by suit in equity or
by action at law or by proceeding in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other
legal or equitable right vested in the Trustee by this Indenture or by law. 
 Section 6.05. Trustee May Enforce Claims
without Possession of Securities; Trustee May File Proofs of Claim. All rights of action and claims under this Indenture or the Securities of any series may be prosecuted and enforced by the Trustee without the

  
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possession of any of the Securities of such series or the production 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 or judgment, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, shall be for the ratable benefit of each and
every holder of a Security of such series in respect of which such judgment has been recovered. 
 In case of the pendency of any
receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities of any series or the property of the Company or
such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities of such series shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee
shall have made any demand on the Company for the payment of any overdue principal, premium, or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise, 

(a) to file and prove a claim for the whole amount of the principal and any premium and interest owing and unpaid in respect of the Securities
of such series and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents or counsel) and of the holders of Securities of such series allowed in such judicial proceeding, and 
 (b) to collect and receive any
monies or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each holder of Securities of such series 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 of Securities of such series, 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 7.06. 
 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or
accept or adopt on behalf of any Securityholder any plan of reorganization, arrangement, adjustment or composition affecting any of the Securities of any series or the rights of any holder thereof, or to authorize the Trustee to vote in respect of
the claim of any Securityholder in any such proceeding. 
 Section 6.06. Application of Moneys Collected by Trustee. Any moneys
collected by the Trustee pursuant to this Article 6 and, if an Event of Default has occurred and is continuing, any money or other property distributable in respect of the Company’s obligations under this Indenture, shall be applied in the
order following, at the date or dates fixed by the Trustee for the distribution of such moneys, upon 

  
 35 

 
presentation of the several Securities in respect of which moneys have been collected, and the notation thereon of the payment, if only partially paid, and upon surrender thereof if fully paid:

 FIRST: To the payment of all amounts due the Trustee pursuant to the provisions of Section 7.06; 

SECOND: In case the principal of the Outstanding Securities in respect of which such moneys have been collected shall not have become due (at
maturity, upon redemption, by declaration, repayment or otherwise) and be unpaid, to the payment of interest, if any, on such Securities, in the order of the maturity of the installments of such interest, with interest (to the extent that such
interest has been collected by the Trustee) upon the overdue installments of interest (to the extent that payment of such interest is enforceable under applicable law) at the Overdue Rate applicable to such Securities, such payments to be made
ratably to the person entitled thereto; 
 THIRD: In case the principal of the Outstanding Securities in respect of which such moneys have
been collected shall have become due (at maturity, upon redemption, by declaration, repayment or otherwise), to the payment of the whole amount then owing and unpaid upon such Securities for principal, premium, if any, and interest, if any, with
interest on the overdue principal, and premium, if any, and (to the extent that such interest has been collected by the Trustee) upon overdue installments of interest, if any (to the extent that payment of such interest is enforceable under
applicable law), at the Overdue Rate applicable to such Securities; and in case such moneys shall be insufficient to pay in full the whole amounts so due and unpaid upon such Securities, then to the payment of such principal, premium, if any, and
interest, if any, without preference or priority of principal, and premium, if any, over interest, if any, or of interest, if any, over principal, and premium, if any, or of any installment of interest, if any, over any other installment of
interest, if any, or of any such Security over any other such Security, ratably to the aggregate of such principal, premium, if any, and accrued and unpaid interest, if any; and 

FOURTH: To the payment of the remainder, if any, to the Company, its successors or assigns, or to whosoever may be lawfully entitled to receive
the same, or as a court of competent jurisdiction may direct. 
 Section 6.07. Limitations on Suits. No holder of any
Security of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 

(a) such holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of such
series; 

  
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 (b) (i) in the case of an Event of Default specified in clause (a), (b), (c), (e) or
(f) of the definition thereof with respect to Securities of such series, holders of not less than 25%, or (ii) in the case of an Event of Default specified in clause (d) or (g) of the definition thereof with respect to Securities
of such series (unless, in the case of clause (g), otherwise provided for in the terms of the Securities of such series pursuant to Section 2.02), holders of not less than a majority, in aggregate principal amount of the Outstanding Securities
of such series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(c) such holder or holders have offered to the Trustee indemnity satisfactory to it against the costs, expenses and liabilities to be incurred
in compliance with such request; 
 (d) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed
to institute any such proceeding; and 
 (e) no direction inconsistent with such written request has been given to the Trustee during such
60-day period by the holders of a majority in principal amount of the Outstanding Securities of such series; 
 it being understood and intended that no one
or more of such holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture or any Security of such series to affect, disturb or prejudice the rights of any other such holders, or to obtain or
to seek to obtain priority or preference over any other such holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such holders. 

Section 6.08. Unconditional Right of Holders to Receive Principal and any Premium and Interest. Notwithstanding any other
provision in this Indenture, the holder of any Security of any series shall have the right, which is absolute and unconditional, to receive payment of the principal of, and any premium and (subject to Section 2.04, Section 2.06, and
Section 4.01) interest on, such Security of such series, on the Stated Maturity therefor specified in such Security (or, in the case of redemption, on the Redemption Date specified in the notice of redemption given as provided in
Section 3.02) and to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such holder. 

Section 6.09. Restoration of Rights and Remedies. If the Trustee or any Securityholder has instituted any proceeding to
enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such holder, then and in every such case the Company, the Trustee and each
such holder shall, subject to any determination in such proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of the Trustee and each such holder shall continue as though no
such proceeding had been instituted. 

  
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 Section 6.10. Rights and Remedies Cumulative. No right or remedy herein
conferred upon or reserved to the Trustee or to each and every holder of a Security is intended to be exclusive of any other right or remedy, and every right and remedy, to the extent permitted by law, shall be cumulative and in addition to every
other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not, to the extent permitted by law, prevent the concurrent
assertion or employment of any other appropriate right or remedy. 
 Section 6.11. Delay or Omission Not Waiver.
No delay or omission of the Trustee or of any holder of any Security to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence
therein. Every right and remedy given by this Article 6 or by law to the Trustee or to any holder of a Security may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by such holder, as the case may be.

 Section 6.12. Control by Securityholders. 

The holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and
place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series provided that 

(a) such direction shall not be in conflict with any rule of law or with this Indenture or with the Securities of such series and would not
involve the Trustee in personal liability, 
 (b) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction, and 
 (c) such direction is not unduly prejudicial to the rights of the other holders of Securities of
such series not joining in such action. 
 Section 6.13. Waiver of Past or Existing Defaults. The holders of not less
than a majority in principal amount of the Outstanding Securities of any series on behalf of the holders of all the Securities of such series, by notice to the Trustee, may waive any past or existing default or Event of Default hereunder with
respect to the Securities of such series and its consequences, except a continuing default  
 (a) in the payment of the principal of,
any premium or interest on the Securities of such series, or 
 (b) in respect of a covenant or provision hereof which under Article 10
hereof cannot be modified or amended without the consent of the holder of each Outstanding Security of such series. 

  
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 Upon any such waiver, such default or Event of Default shall cease to exist, and any Event of
Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

Section 6.14. Notice of Defaults. The Trustee shall, within 90 days after the occurrence of a default with respect to the
Securities of any series, mail to all holders of Securities of such series, as the names and addresses of such holders appear upon the Security Register, notice of all defaults with respect to such series known to the Trustee, unless such defaults
shall have been cured or waived before the giving of such notice (the term “defaults” for the purpose of this Section 6.14 being hereby defined to be the events specified in Section 6.01 or established with
respect to such Securities as contemplated by Section 2.02, not including the periods of grace, if any, provided for therein or established with respect to such Securities as contemplated by Section 2.02, and irrespective of the giving of
the notices, if any, provided for therein or established with respect to such Securities as contemplated by Section 2.02); provided, however, that except in the case of default in the payment of the principal of, premium, if any,
or interest, if any, on any of the Securities of such series or in the making of any sinking fund installment or analogous obligation with respect to such series, the Trustee shall be protected in withholding such notice if and so long as the board
of directors, the executive committee, or a trust committee or directors and/or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the interest of the holders of Securities of such series.

 Section 6.15. Waiver of Stay or Extension Laws. The Company covenants that (to the extent that it may lawfully do
so) it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the
performance of this Indenture; and the Company expressly waives (to the extent that it may lawfully do so) all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to
the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

Section 6.16. Undertaking to Pay for Costs. All parties to this Indenture agree, and each holder of any Security by his acceptance
thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, omitted or suffered by it as
Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such
suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section 6.16 shall not apply (a) to any suit instituted by the Trustee, (b) to any suit instituted by
any Securityholder of any series or group of such Securityholders, holding in the aggregate more than 10% in principal amount of the Outstanding Securities of such series or (c) to any suit instituted by any Securityholder for the enforcement
of the payment of the principal of, premium, if any, or 

  
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interest, if any, on any Security (i) on or after the due date expressed in such Security, (ii) on or after the date fixed for redemption or repayment or (iii) after such Security
shall have become due by declaration. 
 ARTICLE 7 

CONCERNING THE TRUSTEE 

Section 7.01. Duties and Responsibilities of Trustee. With respect to the holders of any series of Securities issued
hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Securities of such series and after the curing or waiving of all Events of Default which may have occurred with respect to such series, undertakes to perform
such duties and only such duties as are specifically set forth in this Indenture. In case an Event of Default with respect to the Securities of a series has occurred (which has not been cured or waived) the Trustee shall exercise such of the rights
and powers vested in it by this Indenture with respect to such series, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 

 No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own
negligent failure to act or its own willful misconduct, except that: 
 (a) prior to the occurrence of an Event of Default with respect to
the Securities of a series and after the curing or waiving of all Events of Default with respect to such series which may have occurred: 

(i) the duties and obligations of the Trustee with respect to the Securities of a series shall be determined solely by the
express provisions of this Indenture, and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this
Indenture against the Trustee; and 
 (ii) in the absence of bad faith on the part of the Trustee, the Trustee may
conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such
certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture
(but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein); 
 (b) the Trustee shall not
be liable for any error of judgment made in good faith by a Responsible Officer or Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 

  
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 (c) the Trustee shall not be liable with respect to any action taken, omitted or suffered to be
taken by it in good faith in accordance with the direction of the holders of Securities of any series pursuant to Section 6.07, relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred upon the Trustee, under this Indenture with respect to Securities of such series; and 
 (d) none of
the provisions of this Indenture shall be construed as requiring the Trustee to expend or risk its own funds or otherwise to incur any personal financial liability in the performance of any of its duties hereunder, or in the exercise of any of its
rights or powers, if there shall be reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 

The provisions of this Section 7.01 are in furtherance of and subject to Section 315 of the Trust Indenture Act. 

Section 7.02. Reliance on Documents, Opinions, etc. In furtherance of and subject to the Trust Indenture Act, and subject
to the provisions of Section 7.01: 
 (a) the Trustee may rely and shall be protected in acting or refraining from acting upon any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 

(b) any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by a Company Request or a Company
Order (unless other evidence in respect thereof be herein specifically prescribed); and any resolution of the Board of Directors of the Company may be evidenced to the Trustee by a Board Resolution; 

(c) the Trustee may consult with counsel and any Opinion of Counsel shall be full and complete authorization and protection in respect of any
action taken, omitted or suffered to be taken by it hereunder in good faith and in accordance with such Opinion of Counsel; 
 (d) the
Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of any of the Securityholders, pursuant to the provisions of this Indenture, unless such Securityholders
shall have offered reasonable security and indemnity satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred therein or thereby; 

(e) the Trustee shall not be liable for any action taken, omitted or suffered by it in good faith and believed by it to be authorized or within
the discretion or rights or powers conferred upon it by this Indenture; 
 (f) the Trustee shall not be bound to make any inquiry or
investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note or other paper or document

  
 41 

 
unless requested in writing so to do by the holders of a majority in aggregate principal amount of the Securities of any series affected then Outstanding; provided, however, that if
the payment within a reasonable time to the Trustee of the costs and expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not reasonably assured to the Trustee by the security
conferred upon it by the terms of this Indenture, the Trustee may require reasonable indemnity against such costs, expenses or liabilities as a condition to so proceeding; and the reasonable expenses of such investigation shall be paid by the
Company or, if paid by the Trustee, shall be repaid by the Company upon demand; 
 (g) the Trustee may execute any of the trusts or powers
hereunder or perform any duties hereunder either directly or by or through agents or attorneys, and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder;

 (h) the Trustee shall not be deemed to have notice of any default hereunder 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 or Event of Default is received by the Trustee at the Principal Office of the Trustee and such notice references the Securities and this
Indenture; 
 (i) 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; 

(j) in no event shall the Trustee be responsible or liable for special, punitive, 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; 

(k) the Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of officers authorized
at such time to take specified actions pursuant to this Indenture, which certificate may be signed by any person authorized to sign an Officer’s Certificate, including any person specified as so authorized in any such certificate previously
delivered and not superseded; and 
 (l) in no event shall the Trustee be responsible or liable for any failure or delay in the performance
of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or
natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with
accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

  
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 Section 7.03. No Responsibility for Recitals, etc. The recitals contained
herein and in the Securities shall be taken as the statements of the Company (except in the Trustee’s certificates of authentication), and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no
representations as to the validity or sufficiency of this Indenture or of the Securities, provided that the Trustee shall not be relieved of its duty to authenticate Securities only as authorized by this Indenture. The Trustee shall not be
accountable for the use or application by the Company of any of the Securities or of the proceeds thereof. 

Section 7.04. Ownership of Securities. The Trustee and any agent of the Company or of the Trustee, in its individual or any
other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not Trustee or such agent. 

Section 7.05. Moneys to be Held in Trust. Subject to the provisions of Sections 4.04, 12.04 and 12.05, all moneys received
by the Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. Neither the Trustee
nor any paying agent shall be under any liability for interest on any moneys received by it hereunder except such as it may agree in writing with the Company to pay thereon. So long as no Event of Default shall have occurred and be continuing, all
interest allowed on any such moneys shall be paid from time to time upon the written order of the Company, signed by an Officer. 

Section 7.06. Compensation and Expenses of Trustee. The Company covenants and agrees to pay to the Trustee from time to
time, and the Trustee shall be entitled to, reasonable compensation (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) and, except as otherwise expressly provided, the Company shall
pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses
and disbursements of its counsel and of all persons not regularly in its employ) except any such expense, disbursement or advance as may arise from its negligence, wilful misconduct or bad faith. The Company also covenants to indemnify the Trustee
for, and to hold it harmless against, any loss, liability or expense incurred without negligence, wilful misconduct or bad faith on the part of the Trustee, arising out of or in connection with the acceptance or administration of this trust and its
duties hereunder, including the reasonable costs and expenses of defending itself against any claim of liability in the premises. The obligations of the Company under this Section 7.06 to compensate and indemnify the Trustee and to pay or
reimburse the Trustee for expenses, disbursements and advances shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee. 

As security for the performance of the payment obligations of the Company under this Section 7.06, the Trustee shall have a lien prior to
the Securities of each series upon all property and funds held or collected by the Trustee as such, except funds held in trust 

  
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for the payment of principal of, and premium or interest on, particular Securities. Such lien shall survive the resignation or removal of the Trustee and the satisfaction and discharge of this
Indenture. Without prejudice to any other rights available to the Trustee under applicable law, when the Trustee incurs expenses or renders services after a default or Event of Default specified in Section 6.01(e) or Section 6.01(f) hereof
occurs, the expenses and the compensation for the services (including the fees and expense of its agents and counsel) are intended to constitute expense of administration under U.S. Code, Title 11 or any other similar foreign, federal or state law
for the relief of debtors. 
 Section 7.07. Officer’s Certificate as Evidence. Subject to the provisions of Sections
7.01 and 7.02, whenever in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking, omitting or suffering any action to be taken hereunder, such
matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an Officer’s Certificate
delivered to the Trustee, and such Officer’s Certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, omitted or suffered by it under the provisions of this
Indenture upon the faith thereof. 
 Section 7.08. Disqualification: Conflicting Interests for the Trustee. The
Trustee shall comply with the provisions of Section 310(b) of the Trust Indenture Act. To the extent permitted by the Trust Indenture Act, the Trustee shall not be deemed to have a conflicting interest by virtue of being a trustee under this
Indenture with respect to Securities of more than one series or under the Indenture dated as of November 14, 2011, between the Company and the Trustee. 

Section 7.09. Eligibility of Trustee. The Trustee hereunder shall at all times be a corporation organized and doing
business under the laws of the United States or any State, which (a) is authorized under such laws to exercise corporate trust powers and (b) is subject to supervision or examination by Federal or State authority and (c) shall have at
all times a combined capital and surplus of not less than $10,000,000. If such corporation publishes reports of condition at least annually, pursuant to law, or to the requirements of the aforesaid supervising or examining authority, then for the
purposes of this Section 7.09, the combined capital and surplus of such corporation at any time shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. No obligor upon this
Indenture of any Securities or person directly or indirectly controlling, controlled by, or under common control with such obligor shall serve as Trustee. In case at any time the Trustee shall cease to be eligible in accordance with the provisions
of this Section 7.09, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10. 
 The
provisions of this Section 7.09 are in furtherance of and subject to Section 310(a) of the Trust Indenture Act. 

Section 7.10. Resignation or Removal of Trustee. (a) The Trustee, or any Trustee or Trustees hereafter appointed, may at any
time resign with respect to any one or 

  
 44 

 
more or all series of Securities by giving written notice of resignation to the Company and by mailing notice of such resignation to the holders of the applicable series of Securities at their
addresses as they shall appear on the Security Register. Upon receiving such notice of resignation, the Company shall promptly appoint a successor Trustee or Trustees with respect to the applicable series by written instrument, in duplicate,
executed in the name of and on behalf of the Company by a duly authorized officer, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor Trustee. If no successor Trustee shall have been so appointed
with respect to any series and have accepted appointment within 60 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee, or any
Securityholder who has been a bona fide holder of a Security or Securities of the applicable series for at least six months may, subject to the provisions of Section 6.14, on behalf of himself and all others similarly situated, petition any
such court for the appointment of a successor Trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor Trustee. 

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

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

(ii) the Trustee shall cease to be eligible in accordance with the provisions of Section 7.09 and Section 310(a) of
the Trust Indenture Act with respect to any series of Securities and shall fail to resign after written request therefor by the Company or by any such Securityholder; or 

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

then, in any such case, the Company may remove the Trustee with respect to such series and appoint a successor Trustee with respect to such series by written
instrument, in duplicate, executed in the name of and on behalf of the Company by a duly authorized officer, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor Trustee, or, subject to the
provisions of Section 6.14, any Securityholder who has been a bona fide holder of a Security or Securities of such series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the removal of the Trustee and the appointment of a successor Trustee with respect to such series. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor
Trustee with respect to such series. 

  
 45 

 (b) The holders of a majority in aggregate principal amount of the Securities of one or more
series (each series voting as a class) or all series at the time Outstanding may remove the Trustee with respect to the applicable series or all series, as the case may be, and appoint with respect to the applicable series or all series, as the case
may be, a successor Trustee by written notice of such action to the Company, the Trustee and the successor Trustee. 
 (c) Any resignation or
removal of the Trustee with respect to any series and any appointment of a successor Trustee with respect to such series pursuant to any of the provisions of this Section 7.10 shall become effective upon acceptance of appointment by the
successor Trustee as provided in Section 7.11. 
 (d) No predecessor Trustee shall be liable for the acts or omissions of any successor
Trustee. 
 Section 7.11. Acceptance by Successor Trustee. Any successor Trustee appointed as provided in
Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor Trustee with respect to any or all
applicable series shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with
like effect as if originally named as Trustee herein; but, nevertheless, on the written request of the Company or of the successor Trustee, the Trustee ceasing to act shall, upon payment (or due provision therefor) of any amounts then due it
pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor Trustee all the rights and powers with respect to such series of the Trustee so ceasing to act. Upon request of any such successor
Trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor Trustee all such rights and powers. 

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 predecessor Trustee and each successor Trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to
confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the predecessor Trustee, and shall add
to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture
shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee. 

No successor Trustee with respect to a series of Securities shall accept appointment as provided in this Section 7.11 unless at the time
of such acceptance such 

  
 46 

 
successor Trustee shall, with respect to such series, be qualified under Section 310(b) of the Trust Indenture Act and eligible under the provisions of Section 7.09. 

Upon acceptance of appointment by a successor Trustee with respect to any series as provided in this Section 7.11, the Company shall give
notice thereof to the holders of Securities of each series affected, by mailing such notice to such holders at their addresses as they shall appear on the Security Register. If the Company fails to mail such notice within ten days after the
acceptance of appointment by the successor Trustee, the successor Trustee shall cause such notice to be given at the expense of the Company. 

Section 7.12. Succession by Merger, etc. Any corporation into which the Trustee may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee, shall be
the successor to the Trustee hereunder, provided such corporation shall be qualified under Section 310(b) of the Trust Indenture Act and eligible under the provisions of Section 7.09, without the execution or filing of any paper or any
further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. 
 In case at the time such
successor to the Trustee shall succeed to the trust created by this Indenture with respect to one or more series of Securities, any of such Securities shall have been authenticated but not delivered, any such successor to the Trustee by merger,
conversion or consolidation may adopt the certificate of authentication of any predecessor Trustee, and deliver such Security so authenticated; and in case at that time any of such Securities shall not have been authenticated, any successor to the
Trustee may authenticate such Securities either in the name of such successor to the Trustee or, if such successor to the Trustee is a successor by merger, conversion or consolidation, the name of any predecessor hereunder; and in all such cases
such certificate shall have the full force which it is anywhere in such Securities or in this Indenture provided that the certificate of the Trustee shall have. 

Section 7.13. Appointment of Authenticating Agent. The Trustee may appoint an Authenticating Agent or Agents which shall be
authorized to act on behalf of the Trustee to authenticate Securities issued upon original issue and upon exchange, registration of transfer, or partial conversion or partial redemption or pursuant to Section 2.08, and Securities so
authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of
Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on
behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any State thereof or
the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $10,000,000 and subject to supervision or examination by 

  
 47 

 
Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then
for the purposes of this Section 7.13, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an
Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 7.13, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section 7.13. 

Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an
Authenticating Agent, provided that such corporation shall be otherwise eligible under this Section 7.13, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent. 

An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Company. The Trustee may at any time
terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time such Authenticating
Agent shall cease to be eligible in accordance with the provisions of this Section 7.13, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall mail written notice of such appointment by
first-class mail, postage prepaid, to all Securityholders as their names and addresses appear in the Security Register. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers
and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section 7.13. 

The Company agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services under this
Section 7.13. 
 If an appointment is made pursuant to this Section 7.13, the Securities may have endorsed thereon, in addition to
the Trustee’s certificate of authentication, an alternative certificate of authentication in the following form: 

  
 48 

 Dated: 

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

 

			
	 THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A.,
 As
Trustee

	
	 AUTHENTICATING AGENT,

As Authenticating Agent

		
	By:	 	  

		 	Authorized Signatory

 ARTICLE 8 

CONCERNING THE SECURITYHOLDERS 

Section 8.01. Action of Securityholders. Whenever in this Indenture it is provided that the holders of a specified
percentage in aggregate principal amount of the Securities of any or all series may take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any other action) the fact that at the
time of taking any such action the holders of such specified percentage have joined therein may be evidenced (a) by any instrument or any number of instruments of similar tenor executed by such Securityholders in person or by agent or proxy
appointed in writing, or (b) by the record of such Securityholders of Securities voting in favor thereof at any meeting of such Securityholders duly called and held in accordance with the provisions of Article 9, or (c) by a combination of
such instrument or instruments and any such record of such a meeting of such Securityholders. 
 Section 8.02. Proof
of Execution by Securityholders. Subject to the provisions of Sections 7.01, Section 7.02 and Section 9.06, proof of the execution of any instrument by a Securityholder or his agent or proxy shall be sufficient if made in accordance with such
reasonable rules and regulations as may be prescribed by the Trustee or in such manner as shall be reasonably satisfactory to the Trustee. The ownership of Securities shall be proved by the Security Register. 

The record of any Securityholders’ meeting shall be proved in the manner provided in Section 9.07. 

The Company may set a record date for purposes of determining the identity of Securityholders of Securities of any series entitled to vote or
consent to or revoke any action referred to in Section 8.01, which record date may be set at any time or from time to time by notice to the Trustee, for any date or dates (in the case of any adjournment or reconsideration) not more than 60 days nor
less than five days prior to the proposed date 

  
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of such vote or consent, and thereafter, notwithstanding any other provisions hereof, with respect to Securities of any series, only Securityholders of Securities of such series of record on such
record date shall be entitled to so vote or give such consent or revoke such vote or consent. 
 Section 8.03. Who Are Deemed
Absolute Owners. The Company, the Trustee and any agent of the Company or of the Trustee may deem the person in whose name any Security shall be registered upon the books of the Company to be, and may treat him as, the owner of such Security
(whether or not such Security shall be overdue and notwithstanding any notation of ownership or other writing thereon) for the purpose of receiving payment of or on account of the principal of, premium, if any, and (subject to Section 2.04)
interest, if any, on such Security and for all other purposes; and neither the Company nor the Trustee nor any agent of the Company or of the Trustee shall be affected by any notice to the contrary. All such payments so made to any holder for the
time being, or upon his order, shall be valid, and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability for moneys payable upon any such Security. 

No Beneficial Owner of a beneficial interest in any Global Security held on its behalf by a Depositary shall have any rights under this
Indenture with respect to such Global Security, and such Depositary may be treated by the Company, the Trustee, and any agent of the Company or the Trustee as the owner of such Security for all purposes whatsoever. None of the Company, the Trustee
or any agent of the Company or the Trustee will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Security or maintaining, supervising or
reviewing any records relating to such beneficial ownership interests. 
 Section 8.04. Company-Owned Securities
Disregarded. In determining whether the holders of the requisite aggregate principal amount of Securities have concurred in any demand, request, notice, direction, consent or waiver under this Indenture, Securities which are owned by the Company
or any other obligor on the Securities with respect to which such determination is being made or by any person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any other obligor on
the Securities with respect to which such determination is being made shall be disregarded and deemed not to be Outstanding for the purpose of any such determination; provided that, for the purposes of determining whether the Trustee shall be
protected in relying on any such demand, request, notice, direction, consent or waiver, only Securities which the Trustee knows are so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as
Outstanding for the purposes of this Section 8.04 if the pledgee shall establish to the satisfaction of the Trustee the pledgee’s right to vote such Securities and that the pledgee is not a person directly or indirectly controlling or
controlled by or under direct or indirect common control with the Company or any such other obligor. In the case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the Trustee.

  
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 Section 8.05. Revocation of Consents; Future Holders Bound. At any time prior
to (but not after) the evidencing to the Trustee, as provided in Section 8.01, of the taking of any action by the holders of the percentage in aggregate principal amount of the Securities of any or all series, as the case may be, specified in this
Indenture in connection with such action, any holder of a Security which is shown by the evidence to be included in the Securities the holders of which have consented to such action may, by filing written notice with the Trustee at its principal
office and upon proof of holding as provided in Section 8.02, revoke such action so far as concerns such Security. Except as aforesaid, any such action taken by the holder of any Security shall be conclusive and binding upon such holder and
upon all future holders of such Security, irrespective of whether or not any notation in regard thereto is made upon such Security or any Security issued in exchange or substitution therefor. 

ARTICLE 9 

SECURITYHOLDERS’ MEETINGS 

Section 9.01. Purposes of Meetings. A meeting of holders of Securities of any or all series may be called at any time and
from time to time pursuant to the provisions of this Article 9 for any of the following purposes: 
 (a) to give any notice to the
Company or to the Trustee, or to give any directions to the Trustee, or to consent to the waiving of any default hereunder and its consequences, or to take any other action authorized to be taken by Securityholders pursuant to any of the provisions
of Article 6; 
 (b) to remove the Trustee and nominate a successor trustee pursuant to the provisions of Article 7; 

(c) to consent to the execution of an indenture or indentures supplemental hereto pursuant to the provisions of Section 10.02; or 

(d) to take any other action authorized to be taken by or on behalf of the holders of any specified aggregate principal amount of the
Securities of any or all series, as the case may be, under any other provision of this Indenture or under applicable law. 

Section 9.02. Call of Meetings by Trustee. The Trustee may at any time call a meeting of holders of Securities of any or
all series to take any action specified in Section 9.01, to be held at such time and at such place in the Borough of Manhattan, The City of New York, as the Trustee shall determine. Notice of every meeting of the holders of Securities of any or
all series, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be mailed to holders of Securities of each series affected at their addresses as they shall appear on the
Security Register. Such notice shall be mailed not less than 10 nor more than 90 days prior to the date fixed for the meeting. 

Section 9.03. Call of Meetings by Company or Securityholders. In case at any time the Company, pursuant to a Board Resolution, or
the holders of at least 10% in aggregate principal amount of the Securities then Outstanding of any series that may be 

  
 51 

 
affected by the action proposed to be taken at the meeting, shall have requested the Trustee to call a meeting of the holders of Securities of all series that may be so affected, by written
request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed the notice of such meeting within 20 days after receipt of such request, then the Company or such Securityholders, in
the amount specified above, may determine the time and the place in said Borough of Manhattan, The City of New York, for such meeting and may call such meeting to take any action authorized in Section 9.01, by mailing notice thereof as provided
in Section 9.02. 
 Section 9.04. Qualifications for Voting. To be entitled to vote at any meeting of
Securityholders a person shall (a) be a holder of one or more Securities with respect to which such meeting is being held or (b) be a person appointed by an instrument in writing as proxy by a holder of one or more such Securities. The
only persons who shall be entitled to be present or to speak at any meeting of Securityholders shall be the persons entitled to vote at such meeting and their counsel and any representatives of the Trustee and its counsel and any representatives of
the Company and its counsel. 
 Section 9.05. Quorum; Adjourned Meetings. The Persons entitled to vote a majority
in aggregate principal amount of the Securities of the relevant series at the time Outstanding shall constitute a quorum for the transaction of all business specified in Section 9.01. No business shall be transacted in the absence of a quorum
(determined as provided in this Section 9.05). In the absence of a quorum within 30 minutes after the time appointed for any such meeting, the meeting shall, if convened at the request of the holders of Securities (as provided in
Section 9.03), be dissolved. In any other case the meeting shall be adjourned for a period of not less than ten days as determined by the chairman of the meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting
shall be further adjourned for a period of not less than ten days as determined by the chairman of the meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 9.02, except that such notice must be
mailed not less than five days prior to the date on which the meeting is scheduled to be reconvened. 
 Subject to the foregoing, at
the second reconvening of any meeting adjourned for lack of a quorum, the Persons entitled to vote 25% in aggregate principal amount of the Securities of the relevant series then Outstanding shall constitute a quorum for the taking of any action set
forth in the notice of the original meeting. Notice of the reconvening of an adjourned meeting shall state expressly the percentage of the aggregate principal amount of the Securities of the relevant series then Outstanding which shall constitute a
quorum. 
 At a meeting or any adjourned meeting duly convened and at which a quorum is present as aforesaid, any resolution and all matters
(except as limited by the proviso in Section 10.02) shall be effectively passed and decided if passed or decided by the Persons entitled to vote the lesser of (a) a majority in aggregate principal amount of the Securities of the relevant
series then Outstanding and (b) 75% in aggregate principal amount of the Securities represented and voting at the meeting. 

  
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 Any holder of a Security who has executed in person or by proxy and delivered to the Trustee an
instrument in writing complying with the provisions of Article 8 shall be deemed to be present for the purposes of determining a quorum and be deemed to have voted; provided that such holder of a Security shall be considered as present or
voting only with respect to the matters covered by such instrument in writing. 
 Section 9.06. Regulations. Notwithstanding any
other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Securityholders, in regard to proof of the Securityholder and of the appointment of proxies, and in regard to the
appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall think fit. 

The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the
Company or by Securityholders, as provided in Section 9.03, in which case the Company or the Securityholders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent
secretary of the meeting shall be elected by majority vote of the meeting. 
 Subject to the provisions of Section 8.04, at any meeting
each Securityholder with respect to which such meeting is being held or proxy shall be entitled to vote the principal amount (in the case of Original Issue Discount Securities, such principal amount to be determined as provided in the definition of
“Outstanding” in Section 1.01) of such Securities held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any such Security challenged as not Outstanding and ruled by
the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote other than by virtue of such Securities held by him or instruments in writing as aforesaid duly designating him as the person to vote on
behalf of other such Securityholders. Any meeting of holders of Securities with respect to which a meeting was duly called pursuant to the provisions of Sections 9.02 or 9.03 may be adjourned from time to time by a majority of those present, whether
or not constituting a quorum, and the meeting may be held as so adjourned without further notice. 
 Section 9.07. Voting. The
vote upon any resolution submitted to any meeting of holders of Securities with respect to which such meeting is being held shall be by written ballots on which shall be subscribed the signatures of such holders of Securities or of their
representatives by proxy and the principal amount (in the case of Original Issue Discount Securities, such principal amount to be determined as provided in the definition of “Outstanding” in Section 1.01) and number or numbers of such
Securities held or represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the
meeting their verified written reports in duplicate of all votes cast at the meeting. A record in duplicate of the proceedings of each meeting of Securityholders shall be prepared by the secretary of the meeting and there shall be attached to said
record the original reports of the inspectors of 

  
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votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was
mailed as provided in Section 9.02. The record shall show the principal amount of the Securities (in the case of Original Issue Discount Securities, such principal amount to be determined as provided in the definition of “Outstanding”
in Section 1.01) voting in favor of or against any resolution. The record shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one of the duplicates shall be delivered to the Company and the
other to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. 
 Any record so
signed and verified shall be conclusive evidence of the matters therein stated. 
 Section 9.08. No Delay of Rights by
Meeting. Nothing in this Article 9 contained shall be deemed or construed to authorize or permit, by reason of any call of a meeting of Securityholders of any or all series or any rights expressly or impliedly conferred hereunder to make such
call, any hindrance or delay in the exercise of any right or rights conferred upon or reserved to the Trustee or to the Securityholders of any or all such series under any of the provisions of this Indenture or of the Securities. 

ARTICLE 10 

SUPPLEMENTAL INDENTURES 

Section 10.01. Supplemental Indentures without Consent of Securityholders. The Company (when authorized by or pursuant to a
Board Resolution) and the Trustee may from time to time and at any time, without the consent of the holders of the Securities of any series, enter into an indenture or indentures supplemental hereto for one or more of the following purposes:

 (a) to evidence the succession of another Person to the Company, and the assumption by any such successor of the covenants of the
Company contained in the Indenture and the Securities of any series; or 
 (b) to add to the covenants of the Company for the benefit
of the holders of all or any series of Securities (as shall be specified in such supplemental indenture or indentures) or to surrender any right or power conferred upon the Company pursuant to this Indenture or the Securities of such series;
provided that in respect of any such additional covenant, such supplemental indenture may provide for a particular period of grace after default (which period may be shorter or longer than that allowed in the case of other defaults) or may
provide for an immediate enforcement upon such an Event of Default or may limit the remedies available to the Trustee upon such an Event of Default or may limit the right of the holders of a majority in aggregate principal amount of the Securities
of such series, to waive such an Event of Default; or  
 (c) to establish the forms or terms of Securities of any series as permitted
by Sections 2.01 and 2.02; 

  
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 (d) to evidence and provide for the acceptance of appointment under the indenture by a successor
trustee with respect to the Securities of one or more series and to add to or change any of the provisions of the Indenture as shall be necessary to provide for or facilitate the administration of the trusts under this Indenture by more than one
Trustee, pursuant to the requirements of Section 7.11 of the Indenture; or 
 (e) to cure any ambiguity, to correct or supplement any
provision in the Indenture that may be defective or inconsistent with any other provision of the Indenture, or to make any other provisions with respect to matters or questions arising under this Indenture; provided that no such action pursuant to
this clause (d) shall adversely affect the interests of the holders of the Securities of any series then Outstanding in any material respect; or 

(f) to add any additional Events of Default with respect to all or any series of Securities (as shall be specified in such supplemental
indenture); or 
 (g) to supplement any of the provisions of this Indenture to such extent as shall be necessary for the defeasance and
discharge of any series of the Securities pursuant to Article 12 of the Indenture; provided that any such action shall not adversely affect the interests of any holder of an Outstanding Security of such series or any other Security in any material
respect; or 
 (h) to add guarantees in respect of the Securities of one or more series and to provide for the terms and conditions of the
release thereof; or 
 (i) to convey, transfer, assign, mortgage or pledge to the Trustee as security for the Securities of one or more
series any property or assets and to provide for the terms and conditions of any release thereof; or 
 (j) to provide for definitive
Securities in addition to or in place of Global Securities; or 
 (k) to provide for the issuance of Additional Securities of any series of
Securities; 
 (l) to add to, change or eliminate any of the provisions contained herein or in any indentures supplemental hereto in respect
of one or more series of Securities; provided that any such addition, change or elimination (i) shall not apply to, or modify the rights of any holder of, any Security of any series created prior to the execution of such supplemental
indenture, or (ii) shall become effective only when no Securities of any series created prior to the execution of such supplemental indenture are Outstanding; 

(m) to conform the text of this Indenture or the Securities of any series to any provision of the applicable description thereof in the related
prospectus or prospectus supplement to the extent that such provision, in the Company’s good faith judgment, was intended to be a recitation of a provision of this Indenture or the Securities of such series; or 

  
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 (n) to make any other change that does not adversely affect the rights of holders of Outstanding
Securities in any material respect. 
 The Trustee is hereby authorized to join with the Company in the execution of any such supplemental
indenture, to make any further appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer and assignment of any property thereunder, but the Trustee shall not be obligated to, but may in its
discretion, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

Any supplemental indenture authorized by the provisions of this Section 10.01 may be executed by the Company and the Trustee without the
consent of the holders of any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 10.02. 

Section 10.02. Supplemental Indentures with Consent of Securityholders. With the consent (evidenced as provided in
Sections 8.01 and 8.02) of the holders of a majority in aggregate principal amount of the Outstanding Securities of each series affected by such supplemental indenture at the time Outstanding, voting as a single class (including consents
obtained in connection with a purchase of, or tender offer or exchange offer for, Securities of such series), the Company (when authorized by or pursuant to a Board Resolution) and the Trustee may from time to time and at any time enter into an
indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or any supplemental indenture or of modifying in any manner the rights of the
holders of Securities of such series under this Indenture or under the Securities of such series; provided, however, that no such supplemental indenture shall, without the consent of the holder of each Security of such series affected thereby, 

 (a) change the Stated Maturity of the principal of, or a scheduled date for the payment of any interest on, the Securities of such
series; 
 (b) reduce the principal amount thereof, the rate of interest payable on, or any premium payable upon the redemption of, the
Securities of such series; 
 (c) change the Place of Payment for the Securities of such series or the Specified Currency in which the
principal of, or any premium or interest on or with respect to the Securities of such series is payable; 
 (d) impair or affect the right of
any holder of Securities of such series to institute suit for the enforcement of any payment of principal, premium, or interest on or with respect to any Security of such series on or after the date that such payment has become due and payable; 

(e) with respect to the Securities of a series the terms of which provide for the making and consummation of an offer to repurchase such
Securities in connection with a change of control (as defined in such terms), amend, change or modify the obligation of the Company to make and consummate such offer to repurchase after the related change

  
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of control has occurred, including amending, changing or modifying any definition relating thereto; or 

(f) reduce the percentage in principal amount of the Outstanding Securities of such series, the consent of the holders of which is required for
any such supplemental indenture, or the consent of whose holders is required for any waiver of certain defaults hereunder and their consequences provided for in this Indenture, or reduce the requirements in Article 9 for quorum or voting. 

Notwithstanding the foregoing, holders of the Securities of any series shall vote as a separate class with respect to modifications or
amendments that affect only the Securities of such series, and the holders of other series of Securities shall not have any voting rights with respect to such matters as they relate to the Securities of such series. 

A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which shall have been included
expressly and solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights
under this Indenture of the Holders of Securities of any other series. 
 It shall not be necessary for the consent of the Securityholders
under this Section 10.02 to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 

Upon the request of the Company, accompanied by a copy of a Board Resolution authorizing the execution of any such supplemental indenture, and
upon the filing with the Trustee of evidence of the consent of Securityholders (evidenced as provided in Section 8.01 and 8.02), 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 or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such supplemental indenture. 

Section 10.03. Compliance with Trust Indenture Act; Effect of Supplemental Indentures. Any supplemental indenture executed
pursuant to the provisions of this Article 10 shall comply with the Trust Indenture Act, as then in effect. Upon the execution of any supplemental indenture pursuant to the provisions of this Article 10, this Indenture shall be deemed to be modified
and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and the holders of the Securities of the applicable series shall thereafter be
determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this
Indenture for any and all purposes.  

  
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 Section 10.04. Notation on Securities. Securities authenticated and delivered
after the execution of any supplemental indenture pursuant to the provisions of this Article 10 may bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company or the Trustee shall so
determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Board of Directors, to any modification of this Indenture contained in any such supplemental indenture may be prepared and executed by the
Company, authenticated by the Trustee and delivered in exchange for the Securities of such series then Outstanding. 

Section 10.05. Evidence of Compliance of Supplemental Indenture to be Furnished Trustee. The Trustee, subject to the
provisions of Sections 7.01 and 7.02, may receive an Officer’s Certificate and an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant hereto complies with the requirements of this Article 10. 

ARTICLE 11 

CONSOLIDATION, MERGER AND SALES 

Section 11.01. Company May Consolidate, etc., Only on Certain Terms. The Company shall not directly or indirectly
consolidate with or merge with or into, or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its assets and properties and the assets and properties of its Subsidiaries (taken as a whole) in one or more
related transactions to another Person, unless: 
 (a) either: (i) the Company is the survivor; or (ii) the Person formed by
or surviving any such consolidation or merger (if other than the Company) or to which such sale, assignment, transfer, lease, conveyance or other disposition has been made is a Person formed, organized or existing under the laws of the United
States, any state of the United States or the District of Columbia; 
 (b) the Person formed by or surviving any such consolidation or merger
(if other than the Company) or the Person to which such sale, assignment, transfer, lease, conveyance or other disposition has been made shall expressly assume, by an indenture (or indentures if at such time there is more than one Trustee)
supplemental hereto, in form reasonably satisfactory to the Trustee, executed by the successor Person and delivered to the Trustee, the due and punctual payment of the principal of, and any premium and interest on, all the Securities and the
performance of every obligation of the Company in this Indenture and the Securities of each series; 
 (c) either the Company or the
successor Person shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition and, if a supplemental
indenture is required in connection with such transaction, such supplemental indenture comply with this Article 11 and that all conditions precedent herein provided for relating to such transaction have been complied with; and 

  
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 (d) immediately after giving effect to such transaction, no Event of Default or event which,
after notice or lapse of time, or both, would become an Event of Default, shall have occurred and be continuing. 

Section 11.02. Successor Person to be Substituted. Upon any consolidation by the Company with or merger of the Company into
any other Person or Persons where the Company is not the survivor or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the properties and assets of the Company and the properties and assets of its
Subsidiaries (taken as a whole) to any Person or Persons in accordance with Section 11.01, the successor Person formed by such consolidation or into which the Company is merged or to which such sale, assignment, transfer, lease, conveyance or
other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as the Company herein; and thereafter,
except in the case of a lease, the predecessor Person shall be released from all obligations and covenants under this Indenture and the Securities. 

In case of any such merger, consolidation, sale, conveyance, transfer or other disposition, such changes in phraseology and form (but not in
substance) may be made in the Securities thereafter to be issued as may be appropriate. 
 ARTICLE 12 

SATISFACTION AND DISCHARGE OF INDENTURE 

Section 12.01. Satisfaction and Discharge of Indenture. Upon the direction of the Company by a Company Order, this
Indenture shall cease to be of further effect with respect to the Securities of any series specified in such Company Order, and the Trustee, on receipt of a Company Order, at the expense of the Company, shall execute proper instruments acknowledging
satisfaction and discharge of this Indenture with respect to the Securities of such series, when 
 (a) either: 

(i) all Securities of such series theretofore authenticated and delivered have been accepted by the Trustee for cancellation
(other than (i) Securities of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 2.08 and (ii) Securities of such series the payment of money for which has theretofore
been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 12.05); or 

(ii) all such Securities of such series not theretofore delivered to the Trustee for cancellation: 

(A) have become due and payable, or 

(B) will become due and payable at their Stated Maturity within one year, or 

  
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 (C) are to be called for redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, 
 and the
Company, in the case of (A), (B) or (C) above, has deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the holders of the Securities of such series for such purpose, (x) money in an
amount sufficient or (y) Government Obligations, the scheduled payments of interest and principal in respect thereof in accordance with their terms shall be sufficient, or a combination of (x) and (y) that shall be sufficient (in the
opinion of a nationally recognized Independent Registered Public Accounting Firm expressed in a written certification thereof delivered to the Trustee, which opinion need be given only if Government Obligations have been so deposited), without
consideration of any reinvestment to pay and discharge the entire indebtedness on such Securities then Outstanding, including the principal of, and any premium and interest on, such Securities, to the date of such deposit (in the case of Securities
which have become due and payable) or to the Maturity thereof (including earlier redemption), as the case may be; 
 (b) the Company has paid
or caused to be paid all other sums payable hereunder by the Company with respect to the Outstanding Securities of such series; and 
 (c)
the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture with respect to the
Securities of such series have been complied with. 
 Notwithstanding the satisfaction and discharge of this Indenture with respect to any
series of Securities, the obligations of the Company to the Trustee under Section 7.06, the obligations of the Trustee under Section 12.03, if money, Government Obligations, or a combination thereof shall have been deposited with the
Trustee pursuant to subclause (ii) of clause (a) of this Section 12.01, and the obligations of the Company and the Trustee with respect to the Securities of such series under Section 2.06, Section 2.07, Section 2.08,
Section 2.09, Section 4.02, Section 4.04 and Section 12.05 shall survive such satisfaction and discharge. 

Section 12.02. Legal Defeasance and Covenant Defeasance.  

(a) Legal defeasance of the Securities of any series under clause (b) of this Section 12.02 and covenant defeasance of the Securities
of any series under Section 12.02(c) shall be applicable to the Securities of each series, and the Company may at its option by Board Resolution, at any time, with respect to such Securities, elect to have Section 12.02(b) or
Section 12.02(c) be applied to the Outstanding Securities of any series upon compliance with the conditions set forth below in this Section 12.02. 

  
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 (b) Upon the Company’s exercise of the above option applicable to this
Section 12.02(b) with respect to the Securities of any series, the Company shall be deemed to have been discharged from its obligations with respect to the Outstanding Securities of such series on the date the conditions set forth in clause
(d) of this Section 12.02 are satisfied (hereinafter, “defeasance”). For this purpose, such defeasance shall mean that the Company shall be deemed to have paid and discharged the entire indebtedness represented by the
Outstanding Securities of such series, which shall thereafter be deemed to be “Outstanding” only for the purposes of the Sections of this Indenture referred to in clauses (i) and (ii) below, and to have satisfied all of its other
obligations under such Securities and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following which shall survive
until otherwise terminated or discharged hereunder: (i) the rights of holders of the Outstanding Securities of such series to receive, solely from the trust fund described in clause (d) of this Section 12.02 and as more fully set
forth in such Section, payments in respect of the principal of (and premium, if any) and interest, if any, on the Securities of such series when such payments are due, (ii) the obligations of the Company and the Trustee under Section 2.06,
Section 2.07, Section 2.08, Section 2.09, Section 4.02, Section 4.04, Section 12.03 and Section 12.05 with respect to the Securities of such series, (iii) the rights, powers, trusts, duties and immunities of
the Trustee hereunder, and (iv) this Section 12.02. The Company may exercise its option under this Section 12.02(b) notwithstanding the prior exercise of its option under clause (c) of this Section 12.02 with respect to the
Securities of such series. 
 (c) Upon the Company’s exercise of the above option applicable to this Section 12.02(c) with
respect to the Securities of any series, the Company shall be released from its obligations with respect to the Securities of such series to comply with any term, provision or condition under Section 11.01 and Section 4.07 (or any
additional covenants applicable to any series of Securities as set forth in the related Board Resolution or supplemental indenture) on and after the date the conditions set forth in clause (d) of this Section 12.02 are satisfied
(hereinafter, “covenant defeasance”), and the Securities of such series shall thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration or act of holders (and the
consequences of any thereof) in connection with any such covenant, but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose, such covenant defeasance shall mean that, with respect to the Outstanding
Securities of such series the Company may omit to comply with, and shall have no liability in respect of, any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein
to any such covenant or by reason of reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a default or an Event of Default under Section 6.01(d) or otherwise with
respect to the Securities of such series, as the case may be, insofar as it relates to Section 11.01 and Section 4.07, but, except as specified above, the remainder of this Indenture and the Securities of such series shall be unaffected
thereby; provided that notwithstanding a covenant defeasance with respect to Section 11.01, any Person to whom a sale, assignment, transfer, lease, conveyance or other disposition is made pursuant to Section 11.01, shall as a
condition to such sale, 

  
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assignment, transfer, lease, conveyance or other disposition, assume by an indenture supplemental hereto in form satisfactory to the Trustee, executed by such successor Person and delivered to
the Trustee, the obligations of the Company to the Trustee under Section 7.06 and the second to the last paragraph of this Section 12.02. 

(d) The following shall be the conditions to application of clause (b) or (c) of this Section 12.02 to the Outstanding
Securities of any series: 
 (i) The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or
another trustee satisfying the requirements of Section 7.09 who shall agree to comply with the provisions of this Section 12.02 applicable to it) as trust funds in trust solely for the benefit of the holders of the Securities of such
series for the purpose of making the following payments, (x) money in an amount sufficient or (y) Government Obligations, the scheduled payments of interest and principal in respect thereof in accordance with their terms shall be
sufficient, or a combination of (x) and (y) that shall be sufficient (in the opinion of a nationally recognized Independent Registered Public Accounting Firm expressed in a written certification thereof delivered to the Trustee, which
opinion need be given only if Government Obligations have been so deposited), without consideration of any reinvestment to pay and discharge the entire indebtedness on such Securities then Outstanding, including the principal of, and any premium and
interest on, such Securities, to the date of such deposit (in the case of Securities which have become due and payable) or to Maturity thereof (including earlier redemption), as the case may be. 

(ii) Such defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a default under, this
Indenture or any other material agreement or instrument to which the Company is a party or by which it is bound. 
 (iii) No
Event of Default with respect to the Securities of such series or event which with notice or lapse of time or both would become an Event of Default with respect to the Securities of such series shall have occurred and be continuing on the date of
such deposit (other than an Event of Default resulting from non compliance with any covenant from which the Company is released upon effectiveness of such defeasance or covenant defeasance, as applicable). 

(iv) In the case of an election under clause (b) of this Section 12.02, the Company shall have delivered to the
Trustee an Opinion of Counsel stating that 
 (A) the Company has received from the Internal Revenue Service a letter ruling,
or there has been published by the Internal Revenue Service a Revenue Ruling, or 
 (B) since the date of execution of this
Indenture, there has been a change in the applicable federal income tax law, 
 in either case to the effect that, and based thereon such
opinion shall confirm that, the holders of the Outstanding Securities of such series will not recognize income, 

  
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gain or loss for federal income tax purposes as a result of such defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have
been the case if such defeasance had not occurred. 
 (v) In the case of an election under clause (c) of this
Section 12.02, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the holders of the Outstanding Securities of such series will not recognize income, gain or loss for federal income tax purposes as a result
of such covenant defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred. 

(vi) The Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
all conditions precedent to the defeasance or covenant defeasance under clause (b) or (c) of this Section 12.02 (as the case may be) have been complied with. 

(vii) If the Securities of such series are to be redeemed prior to Stated Maturity, notice of such redemption shall have been
duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee shall have been made. 
 Following the deposit
referred to in clause (d) of this Section 12.02, the Trustee, upon the request and at the cost and expense of the Company, will acknowledge in writing the discharge of the Company’s obligations under the Securities of such series and
this Indenture with respect to such series except for the surviving obligations specified above. 
 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 this Section 12.02 or the principal or 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 of any series. 
 Anything in this Section 12.02 to
the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request any money or Government Obligations (or other property and any proceeds therefrom) held by it as provided in clause (d) of this
Section 12.02 which, in the opinion of a nationally recognized Independent Registered Public Accounting Firm 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 a defeasance or covenant defeasance, as applicable, in accordance with this Section 12.02. 

Section 12.03. Application of Trust Money. All money and Government Obligations (including the proceeds thereof) deposited with
the Trustee or other qualifying trustee (solely for purposes of this Section 12.03, the Trustee and any such other trustee are referred to collectively as the “Trustee”) pursuant to Section 12.01 or

  
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Section 12.02 in respect of the Outstanding Securities of any series shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this
Indenture, to the payment, either directly or through any paying agent (including the Company acting as its own paying agent) as the Trustee may determine, to the Persons entitled thereto, of the principal, premium, if any, and interest for whose
payment such money has or Government Obligations have been deposited with or received by the Trustee; but such money and Government Obligations need not be segregated from other funds except to the extent required by law. 

Section 12.04. Paying Agent to Repay Moneys Held. Upon the satisfaction and discharge of this Indenture all moneys then
held by any paying agent of the Securities (other than the Trustee) shall, upon demand of the Company, be repaid to the Company or paid to the Trustee, and thereupon such paying agent shall be released from all further liability with respect to such
moneys. 
 Section 12.05. Return of Unclaimed Moneys. Any moneys and Government Obligations deposited with or paid
to the Trustee for payment of the principal of, premium, if any, or interest, if any, on Securities of any series and not applied but remaining unclaimed by the holders of Securities of such series for two years after the date upon which the
principal of, premium, if any, or interest, if any, on the Securities of such series, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee on written demand; and the holders of any Securities of such
series shall thereafter look only to the Company for any payment which such holders may be entitled to collect and all liability of the Trustee with respect to such money shall thereupon cease. 

Section 12.06. Reinstatement. If and for so long as the Trustee is unable to apply any money or Government Obligations held in
trust pursuant to Section 12.01 or 12.02 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 will be reinstated as though no such deposit in trust had been made. If the Company makes any payment of principal of or interest on any Securities because of the reinstatement of its obligations,
it will be subrogated to the rights of the Securityholders of such Securities to receive such payment from the money or Government Obligations held in trust. 

Section 12.07. Qualifying Trustee. Any trustee appointed pursuant to Section 12.02 for the purpose of holding trust
funds deposited pursuant to that Section shall be appointed under an agreement in form acceptable to the Trustee and shall provide to the Trustee a certificate of such trustee, upon which certificate the Trustee shall be entitled to conclusively
rely, that all conditions precedent provided for herein to the related defeasance or covenant defeasance have been complied with. In no event shall the Trustee be liable for any acts or omissions of said trustee. 

  
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 ARTICLE 13 

IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND
DIRECTORS 
 Section 13.01. Limitation on Individual Liability. No recourse under or upon any obligation,
covenant or agreement contained in this Indenture or in any Security, or for any claim based thereon or otherwise in respect thereof, shall be had against any incorporator, equity holder, officer or director, as such, past, present or future, of the
Company or any Affiliate thereof or of any successor, either directly or through the Company or any successor, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being
expressly understood that this Indenture and the obligations issued hereunder are solely obligations of the Company, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, equity holders,
officers or directors, as such, of the Company or any successor, or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any
Security or implied therefrom; and that any and all such personal liability of every name and nature, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator,
equity holder, officer or director, as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any Security or implied therefrom, are
hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issuance of such Security. 

ARTICLE 14 

MISCELLANEOUS PROVISIONS 

Section 14.01. Provisions Binding on Company’s Successors. All the covenants, stipulations, promises and agreements in
this Indenture contained by the Company shall bind its successors and assigns whether so expressed or not. 

Section 14.02. Official Acts by Successor Person. Any act or proceeding by any provision of this Indenture authorized or
required to be done or performed by any board, committee or officer of the Company shall and may be done and performed with like force and effect by the like board, committee or officer of any corporation that shall at the time be the lawful sole
successor of the Company. 
 Section 14.03. Addresses for Notices, Notice to Holders, Waiver. Any notice or demand
which by any provision of this Indenture is required or permitted to be given or served by the Trustee or by the holders of Securities on the Company may be given or served by being deposited postage prepaid by first class mail in a post office
letter box addressed (until another address is filed by the Company with the Trustee) to WPX ENERGY, INC., 3500 One Williams Center, Tulsa, Oklahoma 74172 Attn: Treasurer. Any notice, direction, request or demand by any Securityholder to or upon the
Trustee shall be deemed to have been sufficiently given or made, for all purposes, if given or made in writing at the Principal Office of the Trustee, addressed to the attention of its 

  
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corporate trust office at The Bank of New York Mellon Trust Company, N.A., 601 Travis Street, 16th Floor, Houston, Texas 77002, Attn:
Corporate Trust Administration. 
 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 electronic instructions or directions, subsequent to the transmission thereof, 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.
The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions or directions notwithstanding such instructions or directions conflict or
are inconsistent with a subsequent written instruction or direction or if the subsequent written instruction or direction is never received. The party providing instructions or directions by unsecured e-mail, facsimile transmission or other similar
unsecured electronic methods, as aforesaid, 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 of interception and misuse by third parties. 
 Where this Indenture provides for notice of holders
of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each holder affected by such event, at his address as it appears in the Security Register,
not later than the latest date (if any), and not earlier than the earliest date (if any), prescribed for the giving of such notice. In any case where notice to holders is given by mail, neither the failure to mail such notice, nor any defect in any
notice so mailed, to any particular holder shall affect the sufficiency of such notice with respect to other holders. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such
notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver. 
 In case by reason of the suspension of regular mail service or by reason of any other cause it shall be
impracticable to give such notice by mail, then such notification as shall be made with approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 

Section 14.04. Governing Law. THIS INDENTURE AND EACH SECURITY, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO
THIS INDENTURE OR ANY SECURITY, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

Section 14.05. Wavier of Trial by Jury. EACH OF THE COMPANY, THE TRUSTEE AND EACH HOLDER OF A SECURITY, BY ITS ACCEPTANCE

  
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THEREOF, 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. 
 Section 14.06. Evidence of Compliance with Conditions Precedent.
Upon any application or demand by the Company to the Trustee to take any action under any of the provisions of this Indenture, the Company shall furnish to the Trustee an Officer’s Certificate stating that all conditions precedent, if any,
provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 

Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or
covenant provided for in this Indenture shall include: (a) a statement that the person making such certificate or opinion has read such covenant or condition; (b) a brief statement as to the nature and scope of the examination or
investigation upon which the statements or opinion contained in such certificate or opinion are based; (c) a statement that, in the opinion of such person, he has made such examination or investigation as is necessary to enable him to express
an informed opinion as to whether or not such covenant or condition has been complied with; and (d) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with. 

Section 14.07. Legal Holidays. Except as otherwise provided in any Security, in any case where the date of maturity of interest, if
any, on or principal of, or premium, if any, on the Securities or the date fixed for redemption or repayment of any Security will be a date that is not a Business Day, then payment of such interest, if any, on or principal of or premium, if any, on
the Securities need not be made on such date but may be made on the next succeeding Business Day, with the same force and effect as if made on the date of maturity or a date fixed for redemption or repayment, and no interest shall accrue for the
period from and after such date. 
 Section 14.08. Securities in a Specified Currency other than Dollars. Unless otherwise
specified as contemplated by Section 2.02 with respect to a particular series of Securities, whenever for purposes of this Indenture any action may be taken by the holders of a specified percentage in aggregate principal amount of Securities of
all series or all series affected by a particular action at the time Outstanding and, at such time, there are Outstanding any Securities of any series which are denominated in a Specified Currency other than Dollars, then the principal amount of
Securities of such series which shall be deemed to be Outstanding for the purpose of taking such action shall be that amount of Dollars that could be obtained for such amount of such Specified Currency at the Market Exchange Rate. “Market
Exchange Rate” shall mean, with respect to a Specified Currency, the noon Dollar buying rate in New York City for cable transfers of such Specified Currency published by the Federal Reserve Bank of New York. If such Market Exchange Rate is
not available for any reason with respect to such Specified 

  
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Currency, the Trustee shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York or such other quotations as the Trustee shall
deem appropriate. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a series denominated in a Specified Currency other than Dollars in connection with any action taken by holders
of Securities pursuant to the terms of this Indenture, including, without limitation, any determination contemplated in Section 6.01(c). 

All decisions and determination of the Trustee regarding the Market Exchange Rate or any alternative determination provided for in the
preceding paragraph shall be in its sole discretion and shall, in the absence of manifest error, be conclusive to the extent permitted by law for all purposes and irrevocably binding upon the Company and all Securityholders. 

Section 14.09. Trust Indenture Act to Control. If and to the extent that any provision of this Indenture limits, qualifies
or conflicts with the duties imposed by, or with another provision (an “incorporated provision”) included in this Indenture by operation of, Sections 310 to 318, inclusive, of the Trust Indenture Act, such imposed
duties or incorporated provision shall control. 
 Section 14.10. Table of Contents, Headings, etc. The table of
contents and the titles 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 14.11. Execution in Counterparts. This Indenture may be executed in any number of counterparts,
each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. 

Section 14.12. Separability; Benefits. In case any one or more of the provisions contained in this Indenture or in the Securities
shall for any reason be held to be invalid, illegal or unenforceable, in any respect, then, to the extent permitted by law, such invalidity, illegality or unenforceability of the remaining provisions shall not in any way be affected or impaired
thereby. Nothing in this Indenture or in the Securities, expressed or implied, shall give to any person, other than the parties hereto and their successors hereunder, and the holders of the Securities, any benefit or any legal or equitable right,
remedy or claim under this Indenture. 
 Section 14.13. Certain Tax Information. In order to comply with applicable tax laws,
rules and regulations (inclusive of directives, guidelines and interpretations promulgated by competent authorities) in effect from time to time (“Applicable Law”) that a foreign financial institution, or issuer, trustee, paying
agent, holder or other institution is or has agreed to be subject to related to this Indenture, the Company agrees (a) to provide to the Trustee upon its written request such information that is in the Company’s possession about holders of
the Securities or other applicable parties and/or transactions (including any modification to the terms of such transactions) so the Trustee can determine whether it has tax related obligations under Applicable Law, and (b) that

  
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the Trustee shall be entitled to make any withholding or deduction from payments under this Indenture to the extent necessary to comply with Applicable Law for which the Trustee shall not have
any liability. The terms of this Section shall survive the termination of this Indenture. 
 [Signature Page Follows] 

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

			
	WPX ENERGY, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  

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

		 	Name:
		 	Title:

 [Signature Page to Indenture]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00235-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00235-of-00352.parquet"}]]