Document:

GOLD
TORRENT, INC.

 

INVESTOR
SUBSCRIPTION AGREEMENT (the “Subscription Agreement”) dated ______ __, 2017 between GOLD TORRENT, INC.,
a Nevada corporation (the “Company”) and the person or persons executing this Agreement on the last page (the “Subscriber”).
All documents mentioned herein are incorporated by reference.

 

1.
Description of the Offering. This Subscription Agreement is for shares (the “Shares”) of the Company’s
common stock, par value $0.001 per share (the “Common Stock”) at a purchase price of $0.50 per share. This Company
is offering (the “Offering”) up to Ten Million Shares for an offering amount up to Five Million Dollars ($5,000,000)
(the “Maximum Offering”), solely to accredited investors who qualify as accredited investors pursuant to the suitability
standards for investors described under Regulation D of the Securities Act of 1933, as amended (the “Securities Act”)
and who have no need for liquidity in their investments. Prior to this Offering there was only a limited public market for the
Shares and no assurance can be given that a market will develop, or if developed, that it will be maintained so that any subscribers
in this Offering may avail any benefit from the same.

 

THE
SECURITIES OFFERED HEREBY ARE SPECULATIVE AND INVOLVE A HIGH DEGREE OF RISK AND SHOULD NOT BE PURCHASED BY ANYONE WHO CANNOT AFFORD
THE LOSS OF THEIR ENTIRE INVESTMENT. THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT, OR THE SECURITIES
LAWS OF ANY STATE, OR OTHER JURISDICTION AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTION FROM THE REGISTRATION REQUIREMENTS
OF THE SECURITIES ACT AND SUCH LAWS. THESE SECURITIES MAY NOT BE TRANSFERRED, SOLD, PLEDGED, HYPOTHECATED OR ASSIGNED EXCEPT AS
PERMITTED UNDER SUCH ACT OR SUCH LAWS PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM.

 

2.
Other Terms of the Offering. The execution of this Subscription Agreement shall constitute an offer by the Subscriber
to subscribe for the Shares in the amount and on the terms specified herein. The Subscriber must also complete and execute the
Subscriber Questionnaire attached hereto. The Company reserves the right, in its sole discretion, to reject in whole or in part,
any subscription offer. If the Subscriber’s offer is accepted, the Company will execute a copy of this Subscription Agreement
and return it to the Subscriber.

 

The
Subscriber shall deliver the subscription payment by check made payable to “Gold Torrent, Inc.” or wire transfer according
to the instructions contained on Schedule A attached hereto:

 

Gold
Torrent, Inc.

960
Broadway Avenue

Suite
530

Boise,
Idaho 83706

 

3.
Acceptance of Subscription.

 

The
Offering will be open until the earlier to occur of (i) the sale of Shares in the amount of the Maximum Offering, or (ii) December
31, 2017, subject to an extension for 180 additional days at the Company’s sole discretion and without notice, unless earlier
terminated by the Company.

 

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Subject
to applicable state securities laws, the Subscriber may not revoke any subscription that such Subscriber delivers to the Company.
However, the Subscriber understands and agrees that pursuant to Rule 506(c) of Regulation D promulgated under the Securities Act,
the Company needs to take reasonable steps to verify that the Subscribers are accredited investors directly or by a third party
service and, in its sole discretion, may (i) reject the subscription of any Subscriber, whether or not qualified, in whole or
in, part, and (ii) may withdraw the Offering at any time prior to the termination of the Offering. The Company shall have no obligation
to accept subscriptions in the order received. This subscription shall become binding only if accepted by the Company.

 

4.
Representations and Warranties.

 

The
Subscriber hereby represents and warrants to, and agrees with, the Company as follows:

 

(a)
The Subscriber is either (i) an “accredited investor” as that term is defined in Regulation D promulgated under the
Securities Act and as set forth in Exhibit A-1 attached hereto and made a part hereof, or (ii) outside the United States when
receiving and executing this Subscription Agreement and the Subscriber is not a U.S. Person as defined in Rule 902 of Regulation
S promulgated under the Securities Act and as set forth in Exhibit A-2 attached hereto and made a part hereof;.

 

(b)
The Subscriber is a “sophisticated investor” as that term is defined in Rule 506(b)(2)(ii) of Regulation D promulgated
under the Securities Act.

 

(c)
For California and Massachusetts individuals: If the subscriber is a California resident, such subscriber’s investment in
the Company will not exceed 10% of such subscriber’s net worth (or joint net worth with his or her spouse). If the subscriber
is a Massachusetts resident, such subscriber’s investment in the Company will not exceed 25% of such subscriber’s
joint net worth with such subscriber’s spouse (exclusive of principal residence and its furnishings).

 

(d)
If a natural person, the Subscriber is a bona fide resident of the state or non-United States jurisdiction contained in the address
set forth on the Signature Page of this Agreement as the Subscriber’s home address, at least 21 years of age, and legally
competent to execute this Agreement. If an entity, the Subscriber has its principal offices or principal place of business in
the state or non-United States jurisdiction contained in the address set forth on the Signature Page of this Agreement, the individual
signing on behalf of the Subscriber is duly authorized to execute this Agreement and this Agreement constitutes the legal, valid
and binding obligation of the Subscriber enforceable against the Subscriber in accordance with its terms.

 

(e)
The Subscriber recognizes that the purchase of the Shares involves a high degree of risk including, but not limited to, the following:
(a) the Company remains an early stage business with limited operating history and requires substantial funds in addition to the
proceeds of the Offering; (b) an investment in the Company is highly speculative, and only investors who can afford the loss of
their entire investment should consider investing in the Company and the Shares; (c) the Subscriber may not be able to liquidate
its investment; (d) transferability of the Shares is extremely limited; (e) in the event of a disposition, the Subscriber could
sustain the loss of its entire investment; (f) the Company has not paid any dividends since its inception and does not anticipate
paying any dividends in the foreseeable future; and (g) the Company may issue additional securities in the future which have rights
and preferences that are senior to those of the Shares. Without limiting the generality of the representations set forth in herein,
the Subscriber represents that the Subscriber has carefully reviewed the “Risk Factors” contained in the Private Placement
Memorandum accompanying this Agreement (the “Risk Factors”). The Subscriber has received, read carefully and is familiar
with this Agreement and the Risk Factors.

 

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(f)
The Subscriber hereby acknowledges receipt and careful review of this Agreement, the Risk Factors and any documents which may
have been made available upon request as reflected therein (collectively referred to as the “Offering Materials”)
and hereby represents that the Subscriber has been furnished by the Company during the course of the Offering with all information
regarding the Company, the terms and conditions of the Offering and any additional information that the Subscriber has requested
or desired to know, and has been afforded the opportunity to ask questions of and receive answers from duly authorized officers
or other representatives of the Company concerning the Company and the terms and conditions of the Offering. The Subscriber has
had access to all additional information necessary to verify the accuracy of the information set forth in this Agreement and any
other materials furnished herewith, and have taken all the steps necessary to evaluate the merits and risks of an investment as
proposed hereunder.

 

(g)
The Subscriber (or the Subscriber’s representative) has such knowledge and experience in finance, securities, taxation,
investments and other business matters so as to be able to protect the interests of the Subscriber in connection with this transaction,
and the Subscriber’s investment in the Company hereunder is not material when compared to the Subscriber’s total financial
capacity.

 

(h)
The Subscriber understands the various risks of an investment in the Company as proposed herein and can afford to bear such risks,
including, without limitation, the risks of losing the entire investment.

 

(i)
The Subscriber acknowledges that there has been limited trading in the Company’s common stock and there can be no assurance
that an active trading market in the Company’s common stock will either develop or be maintained and that the Subscriber
may find it impossible to liquidate the investment at a time when it may be desirable to do so, or at any other time.

 

(j)
The Subscriber has been advised by the Company that none of the Shares have been registered under the Securities Act, that the
Shares will be issued on the basis of the statutory exemption provided by Rule 506(c) of the Securities Act or Regulation D promulgated
thereunder or Regulation S promulgated under the Securities Act, or both, relating to transactions by an issuer not involving
any public offering and under similar exemptions under certain state securities laws; that this transaction has not been reviewed
by, passed on or submitted to any federal or state agency or self-regulatory organization where an exemption is being relied upon;
and that the Company’s reliance thereon is based in part upon the representations made by the Subscriber in this Agreement.

 

(k)
The Subscriber acknowledges that the Subscriber has been informed by the Company of or is otherwise familiar with, the nature
of the limitations imposed by the Securities Act and the rules and regulations thereunder on the transfer of the Shares. In particular,
the Subscriber agrees that no sale, assignment or transfer of any of the Shares shall be valid or effective, and the Company shall
not be required to give any effect to such a sale, assignment or transfer, unless (i) the sale, assignment or transfer of such
Shares is registered under the Securities Act, it being understood that the Shares are not currently registered for sale and that
the Company has no obligation or intention to so register the Shares, except as contemplated by the terms of this Agreement or
(ii) such Shares are sold, assigned or transferred in accordance with all the requirements and limitations of Rule 144 under the
Securities Act (it being understood that Rule 144 is not available at the present time for the sale of the Shares), or (iii) such
sale, assignment or transfer is otherwise exempt from registration under the Securities Act. The Subscriber further understands
that an opinion of counsel and other documents may be required to transfer the Shares.

 

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(l)
The Subscriber acknowledges that the Shares shall be subject to a stop transfer order and the certificate or certificates evidencing
any Shares shall bear the following or a substantially similar legend or such other legend as may appear on the forms of Shares
and such other legends as may be required by state blue sky laws:

 

For
U.S. Persons:

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE
STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN
EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL
TO THE HOLDER (IF REQUESTED BY THE COMPANY), IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED
UNDER SAID ACT OR (II) UNLESS SOLD OR ELIGIBLE TO BE SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE
FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT
SECURED BY THE SECURITIES.

 

For
Non-U.S. Persons:

 

THESE
SECURITIES WERE ISSUED IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO REGULATION
S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”). ACCORDINGLY, NONE OF THE SECURITIES
TO WHICH THIS CERTIFICATE RELATES HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED,
NONE MAY BE OFFERED OR SOLD IN THE UNITED STATES (AS DEFINED HEREIN) OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS (AS DEFINED HEREIN)
EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION,
HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE 1933 ACT. “UNITED STATES”
AND “U.S. PERSON” ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT.

 

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(m)
The Subscriber will acquire the Shares for the Subscriber’s own account (or for the joint account of the Subscriber and
the Subscriber’s spouse either in joint tenancy, tenancy by the entirety or tenancy in common) for investment and not with
a view to the sale or distribution thereof or the granting of any participation therein, and has no present intention of distributing
or selling to others any of such interest or granting any participation therein.

 

(n)
No representation, guarantee or warranty has been made to the Subscriber by any broker, the Company, any of the officers, directors,
stockholders, employees or agents of either of them, or any other persons, whether expressly or by implication, that: (I) the
Company or the Subscriber will realize any given percentage of profits and/or amount or type of consideration, profit or loss
as a result of the Company’s activities or the Subscriber’s investment in the Company; or (II) the past performance
or experience of the management of the Company, or of any other person, will in any way indicate the predictable results of the
ownership of the Shares or of the Company’s activities.

 

(o)
In making the decision to invest in the Shares the Subscriber has relied solely upon the information provided by the Company in
the Offering Materials. The Subscriber disclaims reliance on any statements made or information provided by any person or entity
in the course of Subscriber’s consideration of an investment in the Shares other than the Offering Materials.

 

(p)
The Subscriber is not subscribing for the Shares as a result of or subsequent to any advertisement, article, notice or other communication
published in any newspaper, magazine or similar media or broadcast over television or radio, or presented at any seminar or meeting,
or any solicitation of a subscription by a person other than a representative of the Company with which the Subscriber had a pre-existing
relationship in connection with investments in securities generally.

 

(q)
The Subscriber is not relying on the Company with respect to the tax and other economic considerations of an investment.

 

(r)
The Subscriber acknowledges that the representations, warranties and agreements made by the Subscriber herein shall survive the
execution and delivery of this Agreement and the purchase of the Shares.

 

(s)
The Subscriber has consulted his own financial, legal and tax advisors with respect to the economic, legal and tax consequences
of an investment in the Shares and has not relied on the Offering Materials or the Company, its officers, directors or professional
advisors for advice as to such consequences.

 

(t)
If the Subscriber is a non-U.S. Person, the Subscriber has not acquired the Common Stock as a result of, and will not itself engage
in, any “directed selling efforts” (as defined in Regulation S under the Securities Act) in the United States in respect
of the Common Stock which would include any activities undertaken for the purpose of, or that could reasonably be expected to
have the effect of, conditioning the market in the United States for the resale of the Common Stock; provided, however, that the
Subscriber may sell or otherwise dispose of the Common Stock pursuant to registration thereof under the Securities Act and any
applicable state and provincial securities laws or under an exemption from such registration requirements;

 

(u)
If the Subscriber is a non-U.S. Person, the Subscriber acknowledges that the statutory and regulatory basis for the exemption
from U.S registration requirements claimed for the offer of the Common Stock, although in technical compliance with Regulation
S, would not be available if the offering is part of a plan or scheme to evade the registration provisions of the Securities Act
or any applicable state or provincial securities laws;

 

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5.
Indemnification.

 

The
Subscriber understands the meaning and legal consequences of the representations and warranties contained in Section 4, and agrees
to indemnify and hold harmless the Company and each, officer, director, shareholder, employee, agent or representative thereof
against any and all loss, damage or liability due to or arising out of a breach of any representation or warranty, or breach or
failure to comply with any covenant, of the Subscriber, contained in this Agreement. Notwithstanding any of the representations,
warranties, acknowledgments or agreements made herein by the Subscriber, the Subscriber does not thereby or in any other manner
waive any rights granted to the Subscriber under federal or state securities laws.

 

6.
Provisions of Certain State Laws.

 

IN
MAKING AN INVESTMENT DECISION, SUBSCRIBERS MUST RELY ON THEIR OWN EXAMINATION OF THE COMPANY AND THE TERMS OF THE OFFERING, INCLUDING
THE MERITS AND RISKS INVOLVED. THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY
AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT.
ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

 

THESE
SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION
THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE
PERIOD OF TIME.

 

7.
Additional Information.

 

The
Subscriber hereby acknowledges and agrees that the Company may make or cause to be made such further inquiry and obtain such additional
information, as they may deem appropriate, with regard to the suitability of the Subscriber.

 

8.
Risk Factors.

 

The
early stage of development of Gold Torrent, Inc., is such that it is subject to risks and uncertainties. The occurrence of any
one or more of these risks or uncertainties could have a material adverse effect on the value of any investment in the Company
and the business, prospects, financial position, financial condition or operating results of the Company. The risks noted below
do not necessarily comprise all those faced by the Company. Investors should carefully consider these risk factors, together with
all of the other information about the Company available in its filings with the Securities and Exchange Commission.

 

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Exploration
Stage Operations

 

Operations
at the Company’s Lucky Shot property are subject to all of the risks normally incidental to the exploration for and the
development of mineral properties. Mineral exploration and exploitation involves a high degree of risk, which even a combination
of experience, knowledge and careful evaluation may not be able to avoid. Few properties that are explored are ultimately developed
into producing mines. Unusual or unexpected geological formations, formation pressures, fires, power outages, labor disruptions,
flooding, explosions, tailings impoundment failures, cave-ins, landslides and the inability to obtain adequate machinery, equipment
or labor are some of the risks involved in mineral exploration and exploitation activities. The Company has relied on and may
continue to rely on consultants and others for mineral exploration and exploitation expertise. Substantial expenditures are required
to establish mineral reserves and resources through drilling, to develop metallurgical processes to extract the metal from the
material processed and to develop the mining and processing facilities and infrastructure at any site chosen for mining. There
can be no assurance that commercial quantities of ore will be discovered. There is also no assurance that even if commercial quantities
of ore are discovered, that a property will be brought into commercial production or that the funds required to exploit mineral
reserves and resources discovered by the Company will be obtained on a timely basis or at all. The commercial viability of a mineral
deposit once discovered is also dependent on a number of factors, some of which are the particular attributes of the deposit,
such as size, grade and proximity to infrastructure, as well as metal prices. The above factors are beyond the control of the
Company. There can be no assurance that the Company’s mineral exploration activities will be successful. In the event that
such commercial viability is never attained, the Company may seek to transfer its property interests or otherwise realize value
or may even be required to abandon its business and fail to continue as a “going concern”.

 

Exploration
and Operation Risks

 

In
common with other enterprises undertaking business in the mining sector, the Company’s mineral exploration and project development
activities are subject to conditions beyond the Company’s control. The success of the Company will be dependent on many
factors including: the discovery and/or acquisition of mineral reserves and mineral resources; the favorable conclusions to feasibility
and other mining studies; access to adequate capital for project development and sustaining capital; design and construction of
efficient mining and processing facilities within capital expenditure budgets; the securing and maintaining of title; obtaining
permits, consents and approvals necessary for the conduct of exploration and potential mining operations; complying with the terms
and conditions of all permits, consents and approvals during the course of exploration and mining activities; access to competent
operational management and prudent financial administration, including the availability and reliability of appropriately qualified
employees, contractors and consultants; the ability to procure major equipment items and key consumables in a timely and cost-effective
manner; the ability to access full power supply; and the ability to access road and port networks for shipment of metal concentrates.

 

There
can be no assurance that the Company will be able to complete development of its mineral project at all or on time or on budget
due to, among other things, and in addition to those factors described above, changes in the economics of the mineral projects,
the delivery and installation of plant and equipment and cost overruns, or the adequacy or inadequacy of current personnel, systems,
procedures and controls supporting the Company’s operations. Should any of these events occur, it would have a material
adverse effect on the Company’s business, financial condition, results of operations and prospects.

 

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Mineral
Resources are Imprecise Estimates

 

The
mineral resources figures presented in relation to the Lucky Shot Property depend upon geological interpretation and statistical
inferences drawn from drilling and sampling analysis, which may prove to be unreliable. There can be no assurance that these estimates
are accurate, or that this mineralization could be mined or processed profitably. If the Company encounters mineralization or
formations different from those predicted, mineral resource estimates may have to be adjusted in a way that might adversely affect
the Company’s operations. The inclusion of mineral resource estimates should not be regarded as a representation that these
amounts can be economically exploited and no assurances can be given that such resource estimates will be converted into reserves.

 

Any
gold exploration program entails risks relating to the location of ore bodies that are economically viable to mine, the development
of appropriate metallurgical processes, the receipt of necessary governmental permits, licenses and consents and the construction
of mining and processing facilities at any site chosen for mining. No assurance can be given that any exploration program at the
Lucky Shot Property will result in the discovery of new reserves or resources or that the expansion of existing resources will
be successful.

 

Additional
Funding and Dilution

 

If
the Company’s exploration programs are successful, additional funds may be required in order to complete the development
of its properties, including the Lucky Shot Property. The only sources of future funds presently available to the Company are
the sale of additional equity capital or the entering into of joint venture arrangements or other strategic alliances in which
the funding sources could become entitled to an interest in the Company’s properties or the projects subject to such alliances.
The Company’s capital resources are largely determined by the strength of the junior resource market and by the status of
the Company’s projects in relation to these markets, and its ability to compete for investor support of its projects.

 

Issuances
of additional securities will result in a dilution of the equity interests of any person who may become a holder of Common Shares
of the Company.

 

The
Company has exercised its option pursuant to the Willow Creek Exploration Agreement to acquire a 70% interest in the Lucky Shot
Property from Miranda Gold Corp. having already invested approximately $2.6 million in equity and entering into a project secured
finance agreement for $11.25 million. The Company must repay the project secured finance arrangement from its share of the project
gold production by delivering gold ounces to the project funding investor. The Company must deliver 18% of its annual production
until 20,000 ounces have been delivered, 10% until another 5,000 ounces have been delivered, and 5% of the annual production thereafter.

 

There
is no assurance that the Company will be successful in raising sufficient funds, producing sufficient gold ounces, or developing
the project plant and mine to meet its obligations or to complete all of its currently proposed exploration and development programs.
If the Company does not raise the necessary capital to meet its obligations under current contractual obligations, the Company
may have to forfeit its interest in properties or prospects earned or assumed under such contracts. In addition, if the Company
does not raise the funds to complete the currently its proposed development programs, the viability of the Company could be jeopardized.

 

The
project is subject to certain events of default under the Streaming Agreement if, from the date of the first tranche drawdown,
the project fails to produce at least 5,000 and deliver to the Stream investor 1,000 ounces of gold by the 18th month;
produce at least 10,000 and deliver to the investor at least 2,000 ounces by the 24th month; produce 20,000 and deliver
4,000 ounces by the 36th month’ deliver to the Stream investor 10,000 ounces by the 48th month; deliver
to the Stream investor 19,400 ounces by the 60th month; and deliver to the Stream investor 23,900 ounces by the 72nd
month.

 

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Permits
and Government Regulation

 

Although
the Company believes it has or can acquire all of the necessary permits to carry out its proposed programs, the operations of
the Company may require licenses and permits from time to time from various governmental authorities to carry out exploration
and development at its projects, including the Lucky Shot Property. Obtaining permits can be a complex, time-consuming process.
There can be no assurance that the Company or its joint venture partner will be able to obtain the necessary licenses and permits
on acceptable terms, in a timely manner or at all. The costs and delays associated with obtaining permits and complying with these
permits and applicable laws and regulations could stop or materially delay or restrict the Company or its joint venture partner
from continuing or proceeding with existing or future operations at the Lucky Shot Property. Any failure to comply with permits
and applicable laws and regulations, even if inadvertent, could result in the interruption or closure of operations or material
fines, penalties or other liabilities. In addition, the requirements applicable to sustain existing permits and licenses may change
or become more stringent over time and there is no assurance that the Company or its joint venture partner will have the resources
or expertise to meet their obligations under such licenses and permits.

 

The
mineral exploration activities of the Company are subject to various laws governing prospecting, development, production, taxes,
labor standards, occupational health, mine safety, waste disposal, toxic substances and other matters. Mining and exploration
activities are also subject to various laws and regulations relating to the protection of the environment, historical and archaeological
sites and endangered and protected species of plants and animals. Although the exploration activities of the Company are currently
carried out in material compliance with all applicable rules and regulations, no assurance can be given that new rules and regulations
will not be enacted or that existing rules and regulations will not be applied in a manner which could limit or curtail exploration
or development. New rules and regulations may be enacted or existing rules and regulations may be applied to the operations and
activities of the Company and could have a substantial adverse impact on the Company.

 

Property
Interests

 

The
ability of the Company to carry out successful mineral exploration and development activities and mining operations will depend
on a number of factors. The Company has to fulfil certain obligations with respect to maintaining title to its Lucky Shot property.
No guarantee can be given that the Company will be in a position to comply with all such conditions and obligations. Furthermore,
while it is common practice that permits and licenses may be renewed or transferred into other forms of licenses appropriate for
ongoing operations, no guarantee can be given that a renewal or a transfer will be granted to the Company or, if they are granted,
that the Company will be in a position to comply with all conditions that are imposed.

 

The
Company’s interest in the Lucky Shot Property is subject to the Lucky Shot Project joint venture operating agreement with
Miranda Gold Corp. and the Gold and Silver Prepayment Agreement (“Streaming Agreement”) with CRH Funding II PTE. Ltd.
The obligations under the Streaming Agreement are secured by a deed of trust and guaranteed by the Company. To maintain its rights
under these agreements, the Company is required to expend certain amounts of funds on the property and to maintain the property
by paying annual lease payments, government claim maintenance and other fees, develop the property into a producing gold project,
meet specific performance timelines for the delivery of gold ounces to CRH, and meet other specific performance and other requirements
under the agreements. If the Company fails to make these payments or gold ounces deliveries, or fails to maintain the property
in good standing, the Company may lose its right to such property and forfeit any funds expended to such time.

 

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Acquisition
of Additional Mineral Properties

 

There
is no assurance that the Company will be able to acquire, or acquire interests in, other mineral properties of merit, whether
by way of option or otherwise.

 

Environmental
Regulation

 

The
Company’s activities are subject to environmental laws and regulations that may materially adversely affect its future operations.
These laws and regulations control the exploration and development of the Lucky Shot property and its effects on the environment,
including air and water quality, mine reclamation, waste handling and disposal, the protection of different species of plant and
animal life, and the preservation of lands. These laws and regulations will require the Company to acquire permits and other authorizations
for certain activities. There can be no assurance that the Company will be able to acquire such necessary permits or authorizations
on a timely basis, if at all.

 

Further,
environmental legislation is evolving in a manner which will require stricter standards and enforcement, increased fines and penalties
for non-compliance, more stringent environmental assessments of proposed projects and a heightened degree of responsibility for
companies and their officers, directors and employees. There is no assurance that future changes in environmental regulation,
if any, will not adversely affect the Company’s operations.

 

The
Company is not currently insured against most environmental risks. Without such insurance, and if the Company becomes subject
to environmental liabilities, the payment of such liabilities would reduce or eliminate its available funds or could exceed the
funds the Company has to pay such liabilities and result in bankruptcy.

 

Title
to Properties

 

Acquisition
of rights to the mineral properties is a very detailed and time-consuming process. Title to, and the area of, mineral properties
may be disputed. Although the Company has investigated the title to the Lucky Shot property for which it holds concessions or
other mineral leases or licenses or in respect of which it has a right to increase its interest, the Company cannot give an assurance
that title to such properties will not be challenged or impugned. The Company can never be certain that it or the parties with
which it has concluded option agreements will have valid title to relevant mineral properties. Mineral properties sometimes contain
claims or transfer histories that examiners cannot verify, and transfers under law are often complex. The Company does not carry
title insurance on its properties. A successful claim that the Company or one of the parties with which it has concluded an option
agreement does not have title to a property could cause the Company to lose its rights to that property, perhaps without compensation
for its prior expenditures relating to the property.

 

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Infrastructure

 

Development
and exploration activities depend on adequate infrastructure, including reliable roads, power sources, water supply and port (including
storage) facilities. The Company’s inability to secure adequate water, power resources or appropriate port (including storage)
facilities, as well as other events outside of its control, such as unusual weather, sabotage, government or other interference
in the maintenance or provision of such infrastructure, could adversely affect the Company’s operations and financial condition.

 

Uninsurable
Risks

 

In
the course of exploration, development, and production from mineral properties, certain unexpected events may occur. It is not
always possible to fully insure against such events and the Company may decide not to take out insurance against such events as
a result of high premiums or other reasons. Should such liabilities arise, they could reduce or eliminate any future profitability
and result in increasing costs and a decline in the value of the securities of the Company.

 

The
Company has implemented comprehensive safety and environmental measures designed to comply with or exceed government regulations
and ensure safe, reliable and efficient operations in all phases of its operations. The Company maintains liability and property
insurance, where reasonably available, in such amount as it considers prudent. The Company may become subject to liability for
hazards against which it cannot insure or which it may elect not to insure against because of high premium costs or other reasons.

 

Commodity
Prices

 

The
profitability of the Company’s operations will be dependent upon the market price of mineral commodities. Mineral prices
fluctuate widely and are affected by numerous factors beyond the control of the Company. The level of interest rates, rate of
inflation, world supply of mineral commodities, consumption patterns, sales of gold, forward sales by producers, production, industrial
and consumer demand, speculative activities and stability of exchange rates can all cause significant fluctuations in prices.
Such external economic factors are in turn influenced by changes in international investment patterns, monetary systems and political
developments. The prices of mineral commodities have fluctuated widely in recent years. Current and future price declines could
cause commercial production to be impracticable. The prices of commodities are affected by numerous factors beyond the Company’s
control.

 

Competition

 

The
mining industry is intensely competitive in all of its phases, and the Company competes with many companies possessing greater
financial resources and technical facilities than itself with respect to the discovery and acquisition of interests in mineral
properties and the recruitment and retention of qualified employees and other persons to carry out its mineral exploration activities.
Competition in the mining industry could adversely affect the Company’s prospects for mineral exploration in the future.

 

Increased
demand for services and equipment could cause project costs to increase materially, resulting in delays if services or equipment
cannot be obtained in a timely manner due to inadequate availability, and could increase potential scheduling difficulties and
costs due to the need to coordinate the availability of services or equipment, any of which could materially increase project
exploration, development or construction costs or result in project delays or both. Any such material increase in costs or project
delays would adversely affect the Company’s results of operations and financial condition.

 

    	 	11	 

    	 

    

 

Litigation
Risk

 

All
industries, including the mining industry, are subject to legal claims, with and without merit. Defense and settlement costs of
legal claims can be substantial, even with respect to claims that have no merit. Due to the inherent uncertainty of the litigation
process, the resolution of any particular legal proceeding to which the Company may become subject could have a material effect
on its financial position, results of operations or mining and project development operations.

 

Our
management will be able to exert significant influence over us to the detriment of minority stockholders.

 

Our
executive officers and directors beneficially own approximately 28.45% of our outstanding common stock as of June 5, 2017. These
stockholders, if they act together, will be able to exert significant influence on our management and affairs and all matters
requiring stockholder approval, including significant corporate transactions. This concentration of ownership may have the effect
of delaying or preventing our change in control and might affect the market price of our common stock.

 

We
may fail to qualify for continued trading on the OTCQB which could make it more difficult for investors to sell their shares.

 

Our
common stock is quoted on OTCQB. There can be a reasonable assurance that trading of our common stock on such market will be sustained.
In the event that our common stock fails to qualify for continued inclusion, our common stock could thereafter only be quoted
on the “pink sheets.” Under such circumstances, shareholders may find it more difficult to dispose of, or to obtain
accurate quotations, for our common stock, and our common stock would become substantially less attractive to certain purchasers
such as financial institutions, hedge funds and other similar investors.

 

Our
common stock may be affected by limited trading volume and price fluctuations that could adversely impact the value of our common
stock.

 

There
has been limited trading in our common stock and there can be no assurance that an active trading market in our common stock will
either develop or be maintained. Our common stock has experienced, and is likely to experience in the future, significant price
and volume fluctuations that could adversely affect the market price of our common stock without regard to our operating performance.
In addition, we believe that factors such as quarterly fluctuations in our financial results and changes in the overall economy
or the condition of the financial markets could cause the price of our common stock to fluctuate substantially. These fluctuations
may also cause short sellers to periodically enter the market in the belief that we will have poor results in the future. We cannot
predict the actions of market participants and, therefore, can offer no assurances that the market for our common stock will be
stable or appreciate over time.

 

Our
stock price may be volatile.

 

The
market price of our common stock is likely to be highly volatile and could fluctuate widely in price in response to various factors,
many of which are beyond our control, including the following:

 

    	 	12	 

    	 

    

 

	 	●	changes
    in our industry;
	 	 	 
	 	●	competitive
    pricing pressures;
	 	 	 
	 	●	our
    ability to obtain working capital financing;
	 	 	 
	 	●	additions
    or departures of key personnel;
	 	 	 
	 	●	sales
    of our common stock;
	 	 	 
	 	●	our
    ability to execute our business plan;
	 	 	 
	 	●	operating
    results that fall below expectations;
	 	 	 
	 	●	loss
    of any strategic relationship;
	 	 	 
	 	●	regulatory
    developments; and,
	 	 	 
	 	●	economic
    and other external factors.

 

In
addition, the securities markets have from time to time experienced significant price and volume fluctuations that are unrelated
to the operating performance of particular companies. These market fluctuations may also materially and adversely affect the market
price of our common stock.

 

We
have never paid nor do we expect in the near future to pay dividends.

 

We
have never paid cash dividends on our capital stock and do not anticipate paying any cash dividends on our common stock for the
foreseeable future. Investors should not rely on an investment in us if they require income generated from dividends paid on our
capital stock. Any income derived from our common stock would only come from rise in the market price of our common stock, which
is uncertain and unpredictable.

 

Offers
or availability for sale of a substantial number of shares of our common stock may cause the price of our common stock to decline.

 

If
our stockholders sell substantial amounts of our common stock in the public market upon the expiration of any statutory holding
period, under Rule 144, or issued upon the exercise of outstanding warrants, it could create a circumstance commonly referred
to as an “overhang” and in anticipation of which the market price of our common stock could fall. The existence of
an overhang, whether or not sales have occurred or are occurring, also could make more difficult our ability to raise additional
financing through the sale of equity or equity-related securities in the future at a time and price that we deem reasonable or
appropriate. The shares of our restricted common stock will be freely tradable upon the earlier of: (i) effectiveness of a registration
statement covering such shares and (ii) the date on which such shares may be sold without registration pursuant to Rule 144 (or
other applicable exemption) under the Securities Act.

 

    	 	13	 

    	 

    

 

Our
common stock is subject to the “penny stock” rules of the SEC, which makes transactions in our stock cumbersome and
may reduce the value of an investment in our stock.

 

Our
common stock is considered a “Penny Stock”. The Securities and Exchange Commission has adopted Rule 15g-9 which generally
defines “penny stock” to be any equity security that has a market price (as defined) less than $5.00 per share or
an exercise price of less than $5.00 per share, subject to certain exceptions. Our securities are covered by the penny stock rules,
which impose additional sales practice requirements on broker-dealers who sell to persons other than established customers and
“accredited investors”. The term “accredited investor” refers generally to institutions with assets in
excess of $5,000,000 or individuals with a net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly
with their spouse. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt
from the rules, to deliver a standardized risk disclosure document in a form prepared by the SEC, which provides information about
penny stocks and the nature and level of risks in the penny stock market. The broker-dealer also must provide the customer with
current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction
and monthly account statements showing the market value of each penny stock held in the customer’s account. The bid and
offer quotations, and the broker-dealer and salesperson compensation information, must be given to the customer orally or in writing
prior to effecting the transaction and must be given to the customer in writing before or with the customer’s confirmation.
In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from these rules;
the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and
receive the purchaser’s written agreement to the transaction. These disclosure requirements may have the effect of reducing
the level of trading activity in the secondary market for the stock that is subject to these penny stock rules. Consequently,
these penny stock rules may affect the ability of broker-dealers to trade our securities. We believe that the penny stock rules
discourage investor interest in and limit the marketability of our common stock. The Financial Industry Regulatory Authority,
or FINRA, has adopted sales practice requirements that may also limit a stockholder’s ability to buy and sell our stock.
In addition to the “penny stock” rules described above, FINRA has adopted rules that require that in recommending
an investment to a customer, a broker-dealer must have reasonable grounds for believing that the investment is suitable for that
customer. Prior to recommending speculative low priced securities to their non-institutional customers, broker-dealers must make
reasonable efforts to obtain information about the customer’s financial status, tax status, investment objectives and other
information. Under interpretations of these rules, FINRA believes that there is a high probability that speculative low priced
securities will not be suitable for at least some customers. FINRA requirements make it more difficult for broker-dealers to recommend
that their customers buy our common stock, which may limit investors’ ability to buy and sell our stock and have an adverse
effect on the market for our shares.

 

If
we lose key personnel or are unable to attract and retain additional qualified personnel we may not be able to successfully manage
our business and achieve our objectives.

 

We
believe our future success will depend upon our ability to retain our key management, including Daniel Kunz, our CEO and Chairman.
We may not be successful in attracting, assimilating and retaining our employees in the future. The loss of Mr. Kunz would have
an adverse effect on our operations. We are competing for employees against companies that are more established than we are and
have the ability to pay more cash compensation than we do. As of the date hereof, we have not experienced problems hiring employees
in the recent past.

 

If
we fail to establish and maintain an effective system of internal control, we may not be able to report our financial results
accurately and timely or to prevent fraud. Any inability to report and file our financial results accurately and timely could
harm our reputation and adversely impact the trading price of our common stock.

 

Effective
internal control is necessary for us to provide reliable financial reports and prevent fraud. If we cannot provide reliable financial
reports or prevent fraud, we may not be able to manage our business as effectively as we would if an effective control environment
existed, and our business and reputation with investors may be harmed. As a result, our small size and any future internal control
deficiencies may adversely affect our financial condition, results of operation and access to capital. We have not performed an
in-depth analysis to determine if historical un-discovered failures of internal controls exist, and may in the future discover
areas of our internal control that need improvement.

 

    	 	14	 

    	 

    

 

Our
management team will have broad discretion over the use of the net proceeds from this offering.

 

Our
management will use their discretion to direct the net proceeds from this offering. We intend to use the net proceeds, together
with cash on hand, for general corporate purposes. General corporate purposes may include sales and marketing activities, capital
expenditures, future acquisitions and working capital. Our management’s judgments may not result in positive returns on
your investment and you will not have an opportunity to evaluate the economic, financial or other information upon which our management
bases its decisions.

 

9.
Miscellaneous.

 

(a)
Irrevocability; Binding Effect. The Subscriber hereby acknowledges and agrees that the subscription hereunder is irrevocable,
subject to applicable state securities laws, that the Subscriber is not entitled to cancel, terminate or revoke this Agreement
or any agreements of the Subscriber thereunder, and that this Agreement and such other agreements shall survive the death or disability
of the Subscriber and shall be binding upon and inure to the benefit of the parties and their heirs, executors, administrators,
successors, legal representatives and assigns. If the Subscriber is more than one person, the obligations of the Subscriber hereunder
shall be joint and several and the agreements, representations, warranties and acknowledgments herein contained shall be deemed
to be made by and be binding upon each such person and his heirs, executors, legal representatives and assigns.

 

(b)
Modification. Neither this Agreement nor any provisions hereof shall be waived, modified, discharged or terminated except
by an instrument in writing signed by the party against whom any such waiver, modification, discharge or termination is sought.

 

(c)
Notices. Any notice, demand or other communication which any party hereto may be required, or may elect, to give to any
other party hereunder shall be sufficiently given if (a) deposited, postage prepaid, in a United States mail box, stamped registered
or certified mail, return receipt requested, addressed to such address as may be listed on the books of the Company, or (b) delivered
personally at such address.

 

(d)
Counterparts. This Agreement may be executed through the use of separate signature pages or in any number of counterparts,
and each such counterpart shall, for all purposes, constitute one agreement binding on all parties, notwithstanding that all parties
are not signatories to the same counterpart.

 

(e)
Entire Agreement. This Agreement contains the entire agreement of the parties with respect to the subject matter hereof
and there are no representations, covenants or other agreements except as stated or referred to herein.

 

(f)
Severability. Each provision of this Agreement is intended to be severable from every other provision, and the invalidity
or illegality of any portion hereof shall not affect the validity or legality of the remainder hereof.

 

(g)
Assignability. This Agreement is not transferable or assignable by the Subscriber.

 

(h)
Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada, without
regard to conflict of laws principles, as applied to residents of that State executing contracts wholly to be performed in that
State.

 

(i)
Choice of Jurisdiction. The parties agree that any action or proceeding arising, directly, indirectly or otherwise, in
connection with, out of or from this Agreement, any breach hereof or any transaction covered hereby shall be resolved within the
State of New York. Accordingly, the parties consent and submit to the jurisdiction of the United States federal and state courts
located within the County of New York, New York.

 

(Remainder
of page intentionally left blank.)

 

    	 	15	 

    	 

    

 

IN
WITNESS THEREOF, the Subscriber exercises and agrees to be bound by this Agreement by executing the Signature Page attached
hereto on the date therein indicated.

 

SUBSCRIPTION
AGREEMENT - SIGNATURE PAGE

 

By
executing this Signature Page, the Subscriber hereby executes, adopts and agrees to all terms, conditions and representations
of this Subscription Agreement and acknowledges all requirements are met by the Subscriber to purchase Shares in the Company.

 

The
Subscriber hereby offers to purchase ______________ shares at $0.50 per share for an aggregate investment of $_______________.

 

	Type
    of ownership:	 	____________
    Individual	 	____________
    Joint Tenants
	 	 	____________
    Tenants by the Entirety	 	____________
    Tenants in Common
			____________
    Subscribing as Corporation or Partnership	 	____________
    Other

 

IN
WITNESS WHEREOF, the Subscriber has executed this Signature Page this ___ day of ____________, 2017.

 

	Exact
    Name in which Shares are to be Registered	 	Exact
    Name in which Shares are to be Registered
	 	 	 
	 	 	 
	Signature	 	Signature
	 	 	 
	 	 	 
	Print
    Name	 	Print
    Name
	 	 	 
	 	 	 
	Tax/Passport/ID
    Number: 	 	Tax
    Identification Number
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	Mailing
    Address	 	Mailing
    Address
	 	 	 
	 	 	 
	Residence
    Phone Number	 	Residence
    Phone Number
	 	 	 
	 	 	 
	Work
    Phone Number	 	Work
    Phone Number
	 	 	 
	 	 	 
	E-Mail
    Address	 	E-Mail
    Address

 

    	 	16	 

    	 

    

 

gOLD
TORRENT, Inc. hereby accepts the subscription
of ____________ Shares as of the ____ day of ____________, 2017.

 

	GOLD
    TORRENT, Inc.	 
	 	 	 
	By:		 
	Name:	Daniel
    Kunz	 
	Title:	Chief
    Executive Officer	 

 

    	 	17	 

    	 

    

 

EXHIBIT
A-1 - ACCREDITED INVESTOR PAGE FOR U.S. PURCHASERS

 

The
undersigned Purchaser is an “accredited investor” as that term is defined in Regulation D promulgated under the Securities
Act and amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act by virtue of being (initial all applicable responses):

 

	___	A
    small business investment company licensed by the U.S. Small Business Administration under the Small Business Investment
    Company Act of 1958,
	 	 
	___	A
    business development company as defined in the Investment Company Act of 1940,
	 	 
	___	A
    national or state-chartered commercial bank, whether acting in an individual or fiduciary capacity,
	 	 
	___	An
    insurance company as defined in Section 2(13) of the Securities Act,
	 	 
	___	An
    investment company registered under the Investment Company Act of 1940,
	 	 
	___	An
    employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974, where the
    investment decision is made by a plan fiduciary, as defined in Section 3(21) of such Act, which is either a bank, insurance
    company, or registered investment advisor, or an employee benefit plan which has total assets in excess of $5,000,000,
	 	 
	___	A
    private business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940,
	 	 
	___	An
    organization described in Section 501(c)(3) of the Internal Revenue Code, a corporation or a partnership with total
    assets in excess of $5,000,000,
	 	 
	___	A
    natural person whose individual net worth, or joint net worth with that person’s spouse, at the time of purchase exceeds
    $1,000,000. For purposes of this Exhibit A-1, “net worth” means the excess of total assets at fair market value
    over total liabilities. For purposes of calculating net worth under this section, (i) the primary residence shall not be included
    as an asset, (ii) to the extent that the indebtedness that is secured by the primary residence is in excess of the fair market
    value of the primary residence, the excess amount shall be included as a liability, and (iii) if the amount of outstanding
    indebtedness that is secured by the primary residence exceeds the amount outstanding 60 days prior to the execution of this
    questionnaire, other than as a result of the acquisition of the primary residence, the amount of such excess shall be included
    as a liability.
	 	 
	___	Any
    trust, with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered,
    whose purchase is directed by a sophisticated person as described in Section 506(b)(2)(ii) of Regulation D,
	 	 
	___	A
    natural person who had an individual income in excess of $200,000 in each of the two most recent calendar years, and has a
    reasonable expectation of reaching the same income level in the current calendar year. For purposes of this Exhibit A-1, “income”
    means annual adjusted gross income, as reported for federal income tax purposes, plus (i) the amount of any tax-exempt interest
    income received; (ii) the amount of losses claimed as a limited partner in a limited partnership; (iii) any deduction claimed
    for depletion; (iv) amounts contributed to an IRA or Keogh retirement plan; (v) alimony paid; and (vi) any amount by which
    income from long-term capital gains has been reduced in arriving at adjusted gross income pursuant to the provisions of Section
    1202 of the Internal Revenue Code of 1986, as amended.
	 	 
	___	A
    corporation, partnership, trust or other legal entity (as opposed to a natural person) and all of such entity’s
    equity owners fall into one or more of the categories enumerated above. (Note: additional documentation may be requested).

 

	Name
    of Purchaser (Print) 	 	Name
    of Joint Purchaser (if any) (Print)
	 	 	 
	 	 	 
	Signature
    of Purchaser 	 	Signature
    of Joint Purchaser (if any)
	 	 	 
	 	 	 
	Capacity
    of Signatory (for entities) 	 	Date

 

    	 	18	 

    	 

    

 

EXHIBIT
A-2 - REGULATION S PAGE

FOR
NON-U.S. PURCHASERS

 

The
undersigned Purchaser (a “Reg S Person”) is not a U.S. Person as defined in Section 902 of Regulation S promulgated
under the Securities Act, and hereby represents that the representations in paragraphs (1) through (9) are true and correct with
respect to such Reg S Person.

 

	(1)	Such
    Reg S Person acknowledges and warrants that (i) the issuance and sale to such Reg S Person of the Securities is intended to
    be exempt from the registration requirements of the Securities Act, pursuant to the provisions of Regulation S; (ii) it is
    not a “U.S. Person,” as such term is defined in Regulation S and herein, and is not acquiring the Securities for
    the account or benefit of any U.S. Person; and (iii) the offer and sale of the Securities has not taken place, and is not
    taking place, within the United States of America or its territories or possessions. Such Reg S Person acknowledges that the
    offer and sale of the Securities has taken place, and is taking place in an “offshore transaction,” as such term
    is defined in Regulation S.
	 	 
	(2)	Such
    Reg S Person acknowledges and agrees that, pursuant to the provisions of Regulation S, the Securities cannot be sold, assigned,
    transferred, conveyed, pledged or otherwise disposed of to any U.S. Person or within the United States of America or its territories
    or possessions for a period of one year from and after the Closing Date, unless such Securities are registered for sale in
    the United States pursuant to an effective registration statement under the Securities Act or another exemption from such
    registration is available. Such Reg S Person acknowledges that it has not engaged in any hedging transactions with regard
    to the Securities.
	 	 
	(3)	Such
    Reg S Person consents to the placement of a legend on any certificate, note or other document evidencing the Securities and
    understands that the Company shall be required to refuse to register any transfer of Securities not made in accordance with
    applicable U.S. securities laws.
	 	 
	(4)	Such
    Reg S Person is not a “distributor” of securities, as that term is defined in Regulation S, nor a dealer in securities.
    Such Reg S Person is purchasing the Securities as principal for its own account, for investment purposes only and not with
    an intent or view towards further sale or distribution (as such term is used in Section 2(11) of the Securities Act) thereof,
    and has not pre-arranged any sale with any other purchaser and has no plans to enter into any such agreement or arrangement.
	 	 
	(5)	Such
    Reg S Person is not an Affiliate of the Company nor is any Affiliate of such Reg S Person an Affiliate of the Company. An
    “Affiliate” is an individual or corporation, partnership, trust, incorporated or unincorporated association, joint
    venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity
    of any kind (each of the foregoing, a “Person”) that, directly or indirectly through one or more intermediaries,
    controls or is controlled by or is under common control with a Person as such terms are used in and construed under Rule 405
    under the Securities Act. With respect to a Reg S Person, any investment fund or managed account that is managed on a discretionary
    basis by the same investment manager as such Reg S Person will be deemed to be an Affiliate of such Reg S Person.
	 	 
	(6)	Such
    Reg S Person understands that the Securities have not been registered under the Securities Act or the securities laws of any
    state and are subject to substantial restrictions on resale or transfer. The Securities are “restricted securities”
    within the meaning of Regulation S and Rule 144, promulgated under the Securities Act.
	 	 
	(7)	Such
    Reg S Person acknowledges that the Securities may only be sold offshore in compliance with Regulation S or pursuant to an
    effective registration statement under the Securities Act or another exemption from such registration, if available. In connection
    with any resale of the Securities pursuant to Regulation S, the Company will not register a transfer not made in accordance
    with Regulation S, pursuant to an effective registration statement under the Securities Act or in accordance with another
    exemption from the Securities Act.
	 	 
	(8)	Such
    Reg S Person represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection
    with the offering of the Securities, including: (a) the legal requirements within its jurisdiction for the purchase of the
    Securities; (b) any foreign exchange restrictions applicable to such purchase; (c) any governmental or other consents that
    may need to be obtained; and (d) the income tax and other tax consequences, if any, that may be relevant to the purchase,
    holding, redemption, sale or transfer of the Securities. Such Reg S person’s subscription and payment for, and its continued
    beneficial ownership of the Securities, will not violate any applicable securities or other laws of the jurisdiction of its
    residence.
	 	 
	(9)	Such
    Reg S Person makes the representations, declarations and warranties as contained in this Exhibit A-2 with the intent that
    the same shall be relied upon by the Company in determining its suitability as a purchaser of such Securities.

 

	Name
    of Purchaser (Print) 	 	Name
    of Joint Purchaser (if any) (Print)
	 	 	 
	 	 	 
	Signature
    of Purchaser 	 	Signature
    of Joint Purchaser (if any)
	 	 	 
	 	 	 
	Capacity
    of Signatory (for entities) 	 	Date

 

    	 	19	 

    	 

    

 

Schedule
A to Subscription Agreement

 

Wire
Transfer Instructions to Gold Torrent Inc. Account:

 

	Beneficiary
    Bank: 	 	US
    Bank
	 	 	 
	Beneficiary
    Bank Address: 	 	US
    Bank Parkcenter Office
	 	 	PD-ID-3673
	 	 	301
    Parkcenter Blvd
	 	 	Boise,
    ID 83706
	 	 	 
	Routing/ABA
    number:	 	123103729
	 	 	 
	Account
    number:	 	153355819613
	 	 	 
	SWIFT
    code (if applicable):	 	USBKUS44IMT
	 	 	 
	Beneficiary
    Name:	 	Gold
    Torrent Inc.
	 	 	 
	Beneficiary
    Address:	 	960
    Broadway Ave.,
	 	 	Suite
    530
	 	 	Boise,
    ID 83706

 

    	 	20EX-4.8

 Exhibit 4.8 

Alphatec Holdings, Inc. 

FORM OF INDENTURE 
 Dated
as of 
 [Name of Trustee] 

Trustee 

 TABLE OF CONTENTS 

 

					
	 ARTICLE I. DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	 
	 Section 1.1. Definitions.
	  	 	1	 
	 Section 1.2. Other Definitions.
	  	 	3	 
	 Section 1.3. Incorporation by Reference of Trust Indenture Act.
	  	 	3	 
	 Section 1.4. Rules of Construction.
	  	 	3	 
		
	 ARTICLE II. THE SECURITIES
	  	 	3	 
	 Section 2.1. Issuable in Series.
	  	 	3	 
	 Section 2.2. Establishment of Terms of Series of Securities.
	  	 	3	 
	 Section 2.3. Execution and Authentication.
	  	 	5	 
	 Section 2.4. Registrar and Paying Agent.
	  	 	5	 
	 Section 2.5. Paying Agent to Hold Money in Trust.
	  	 	6	 
	 Section 2.6. Securityholder Lists.
	  	 	6	 
	 Section 2.7. Transfer and Exchange.
	  	 	6	 
	 Section 2.8. Mutilated, Destroyed, Lost and Stolen Securities.
	  	 	6	 
	 Section 2.9. Outstanding Securities.
	  	 	7	 
	 Section 2.10. Treasury Securities.
	  	 	7	 
	 Section 2.11. Temporary Securities.
	  	 	7	 
	 Section 2.12. Cancellation.
	  	 	7	 
	 Section 2.13. Defaulted Interest.
	  	 	7	 
	 Section 2.14. Global Securities.
	  	 	7	 
	 Section 2.15. CUSIP Numbers.
	  	 	8	 
		
	 ARTICLE III. REDEMPTION
	  	 	8	 
	 Section 3.1. Notice to Trustee.
	  	 	8	 
	 Section 3.2. Selection of Securities to be Redeemed.
	  	 	9	 
	 Section 3.3. Notice of Redemption.
	  	 	9	 
	 Section 3.4. Effect of Notice of Redemption.
	  	 	9	 
	 Section 3.5. Deposit of Redemption Price.
	  	 	9	 
	 Section 3.6. Securities Redeemed in Part.
	  	 	9	 
		
	 ARTICLE IV. COVENANTS
	  	 	10	 
	 Section 4.1. Payment of Principal and Interest.
	  	 	10	 
	 Section 4.2. SEC Reports.
	  	 	10	 
	 Section 4.3. Compliance Certificate.
	  	 	10	 
	 Section 4.4. Stay, Extension and Usury Laws.
	  	 	10	 
		
	 ARTICLE V. SUCCESSORS
	  	 	10	 
	 Section 5.1. When Company May Merge, Etc.
	  	 	10	 
	 Section 5.2. Successor Corporation Substituted.
	  	 	11	 
		
	 ARTICLE VI. DEFAULTS AND REMEDIES
	  	 	11	 
	 Section 6.1. Events of Default.
	  	 	11	 

  
 i 

					
	 Section 6.2. Acceleration of Maturity; Rescission and Annulment.
	  	 	11	 
	 Section 6.3. Collection of Indebtedness and Suits for Enforcement by Trustee.
	  	 	12	 
	 Section 6.4. Trustee May File Proofs of Claim.
	  	 	12	 
	 Section 6.5. Trustee May Enforce Claims Without Possession of Securities.
	  	 	13	 
	 Section 6.6. Application of Money Collected.
	  	 	13	 
	 Section 6.7. Limitation on Suits.
	  	 	13	 
	 Section 6.8. Unconditional Right of Holders to Receive Principal and Interest.
	  	 	13	 
	 Section 6.9. Restoration of Rights and Remedies.
	  	 	13	 
	 Section 6.10. Rights and Remedies Cumulative.
	  	 	14	 
	 Section 6.11. Delay or Omission Not Waiver.
	  	 	14	 
	 Section 6.12. Control by Holders.
	  	 	14	 
	 Section 6.13. Waiver of Past Defaults.
	  	 	14	 
	 Section 6.14. Undertaking for Costs.
	  	 	14	 
		
	 ARTICLE VII. TRUSTEE
	  	 	14	 
	 Section 7.1. Duties of Trustee.
	  	 	14	 
	 Section 7.2. Rights of Trustee.
	  	 	15	 
	 Section 7.3. Individual Rights of Trustee.
	  	 	16	 
	 Section 7.4. Trustee’s Disclaimer.
	  	 	16	 
	 Section 7.5. Notice of Defaults.
	  	 	16	 
	 Section 7.6. Reports by Trustee to Holders.
	  	 	16	 
	 Section 7.7. Compensation and Indemnity.
	  	 	16	 
	 Section 7.8. Replacement of Trustee.
	  	 	17	 
	 Section 7.9. Successor Trustee by Merger, Etc.
	  	 	17	 
	 Section 7.10. Eligibility; Disqualification.
	  	 	17	 
	 Section 7.11. Preferential Collection of Claims Against Company.
	  	 	17	 
		
	 ARTICLE VIII. SATISFACTION AND DISCHARGE; DEFEASANCE
	  	 	17	 
	 Section 8.1. Satisfaction and Discharge of Indenture.
	  	 	17	 
	 Section 8.2. Application of Trust Funds; Indemnification.
	  	 	18	 
	 Section 8.3. Legal Defeasance of Securities of any Series.
	  	 	18	 
	 Section 8.4. Covenant Defeasance.
	  	 	19	 
	 Section 8.5. Repayment to Company.
	  	 	20	 
	 Section 8.6. Reinstatement.
	  	 	20	 
		
	 ARTICLE IX. AMENDMENTS AND WAIVERS
	  	 	20	 
	 Section 9.1. Without Consent of Holders.
	  	 	20	 
	 Section 9.2. With Consent of Holders.
	  	 	20	 
	 Section 9.3. Limitations.
	  	 	21	 
	 Section 9.4. Section 9.4. Compliance with Trust Indenture Act.
	  	 	21	 
	 Section 9.5. Revocation and Effect of Consents.
	  	 	21	 
	 Section 9.6. Notation on or Exchange of Securities.
	  	 	21	 

  
 ii 

					
	 Section 9.7. Trustee Protected.
	  	 	21	 
		
	 ARTICLE X. MISCELLANEOUS
	  	 	22	 
	 Section 10.1. Trust Indenture Act Controls.
	  	 	22	 
	 Section 10.2. Notices.
	  	 	22	 
	 Section 10.3. Communication by Holders with Other Holders.
	  	 	22	 
	 Section 10.4. Certificate and Opinion as to Conditions Precedent.
	  	 	22	 
	 Section 10.5. Statements Required in Certificate or Opinion.
	  	 	23	 
	 Section 10.6. Rules by Trustee and Agents.
	  	 	23	 
	 Section 10.7. Legal Holidays.
	  	 	23	 
	 Section 10.8. No Recourse Against Others.
	  	 	23	 
	 Section 10.9. Counterparts.
	  	 	23	 
	 Section 10.10. Governing Law; Waiver of Jury Trial; Consent to Jurisdiction.
	  	 	23	 
	 Section 10.11. No Adverse Interpretation of Other Agreements.
	  	 	23	 
	 Section 10.12. Successors.
	  	 	24	 
	 Section 10.13. Severability.
	  	 	24	 
	 Section 10.14. Table of Contents, Headings, Etc.
	  	 	24	 
	 Section 10.15. Securities in a Foreign Currency.
	  	 	24	 
	 Section 10.16. Judgment Currency.
	  	 	24	 
	 Section 10.17. Force Majeure.
	  	 	24	 
	 Section 10.18. U.S.A. Patriot Act.
	  	 	24	 
		
	 ARTICLE XI. SINKING FUNDS
	  	 	25	 
	 Section 11.1. Applicability of Article.
	  	 	25	 
	 Section 11.2. Satisfaction of Sinking Fund Payments with Securities.
	  	 	25	 
	 Section 11.3. Redemption of Securities for Sinking Fund.
	  	 	25	 

  
 iii 

 Alphatec Holdings, Inc. 

Reconciliation and tie between Trust Indenture Act of 1939 and 

Indenture, dated as of             ,
20             
  

					
	§ 310(a)(1)	  		 	7.10
	(a)(2)	  		 	7.10
	(a)(3)	  		 	Not Applicable
	(a)(4)	  		 	Not Applicable
	(a)(5)	  		 	7.10
	(b)	  		 	7.10
	§ 311(a)	  		 	7.11
	(b)	  		 	7.11
	(c)	  		 	Not Applicable
	§ 312(a)	  		 	2.6
	(b)	  		 	10.3
	(c)	  		 	10.3
	§ 313(a)	  		 	7.6
	(b)(1)	  		 	7.6
	(b)(2)	  		 	7.6
	(c)(1)	  		 	7.6
	(d)	  		 	7.6
	§ 314(a)	  		 	4.2, 10.5
	(b)	  		 	Not Applicable
	(c)(1)	  		 	10.4
	(c)(2)	  		 	10.4
	(c)(3)	  		 	Not Applicable
	(d)	  		 	Not Applicable
	(e)	  		 	10.5
	(f)	  		 	Not Applicable
	§ 315(a)	  		 	7.1
	(b)	  		 	7.5
	(c)	  		 	7.1
	(d)	  		 	7.1
	(e)	  		 	6.14
	§ 316(a)	  		 	2.10
	(a)(1)(A)	  		 	6.12
	(a)(1)(B)	  		 	6.13
	(b)	  		 	6.8
	§ 317(a)(1)	  		 	6.3
	(a)(2)	  		 	6.4
	(b)	  		 	2.5
	§ 318(a)	  		 	10.1

 Note: This reconciliation and tie shall not, for any purpose, be deemed to be part of the Indenture. 

  
 iv 

 Indenture dated as of             ,
20     between Alphatec Holdings, Inc., a Delaware corporation (“Company”), and [Name of Trustee] (“Trustee”). 

Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Securities issued under this
Indenture. 
 ARTICLE I. 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.1. Definitions. 
 “Additional
Amounts” means any additional amounts which are required hereby or by any Security, under circumstances specified herein or therein, to be paid by the Company in respect of certain taxes imposed on Holders specified herein or therein and
which are owing to such Holders. 
 “Affiliate” of any specified person means any other person directly or indirectly controlling or
controlled by or under common control with such specified person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”), as used
with respect to any 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 or by agreement or
otherwise. 
 “Agent” means any Registrar, Paying Agent or Notice Agent. 

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

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

“Business Day” means, unless otherwise provided by Board Resolution, Officer’s Certificate or supplemental indenture hereto for a
particular Series, any day except a Saturday, Sunday or a legal holiday in The City of New York, New York (or in connection with any payment, the place of payment) on which banking institutions are authorized or required by law, regulation or
executive order to close. 
 “Capital Stock” means any and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock. 
 “Company” means the party named as such above until a successor replaces it and thereafter means the
successor. 
 “Company Order” means a written order signed in the name of the Company by an Officer. 

“Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust business related to this
Indenture shall be principally administered. 
 “Default” means any event which is, or after notice or passage of time or both would be, an
Event of Default. 
 “Depositary” means, with respect to the Securities of any Series issuable or issued in whole or in part in the form of
one or more Global Securities, the person designated as Depositary for such Series by the Company, which Depositary shall be a clearing agency registered under the Exchange Act; and if at any time there is more than one such person,
“Depositary” as used with respect to the Securities of any Series shall mean the Depositary with respect to the Securities of such Series. 

“Discount Security” means any Security that provides for an amount less than the stated principal amount thereof to be due and payable upon
declaration of acceleration of the maturity thereof pursuant to Section 6.2. 
 “Dollars” and “$” means the currency
of the United States of America. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Foreign Currency” means any currency or currency unit issued by a government other than the government of the United States of America. 

“Foreign Government Obligations” means, with respect to Securities of any Series that are denominated in a Foreign Currency, direct
obligations of, or obligations guaranteed by, the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged and which are not callable or redeemable at the option of the
issuer thereof. 
 “GAAP” means accounting principles generally accepted in the United States of America set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been
approved by a significant segment of the accounting profession, which are in effect as of the date of determination. 

  
 1 

 “Global Security” or “Global Securities” means a Security or Securities, as the
case may be, in the form established pursuant to Section 2.2 evidencing all or part of a Series of Securities, issued to the Depositary for such Series or its nominee, and registered in the name of such Depositary or nominee. 

“Holder” or “Securityholder” means a person in whose name a Security is registered. 

“Indenture” means this Indenture as amended or supplemented from time to time and shall include the form and terms of particular Series of
Securities established as contemplated hereunder. 
 “interest” with respect to any Discount Security which by its terms bears interest
only after Maturity, means interest payable after Maturity. 
 “Maturity,” when used with respect to any Security, means the date on which
the principal of such Security becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 

“Officer” means the Chief Executive Officer, the President, the Chief Financial Officer, the Treasurer or any Assistant Treasurer, the
Secretary or any Assistant Secretary, and any Vice President of the Company. 
 “Officer’s Certificate” means a certificate signed by
any Officer. 
 “Opinion of Counsel” means a written opinion of legal counsel who is acceptable to the Trustee. The counsel may be an
employee of or counsel to the Company. 
 “person” means any individual, corporation, partnership, joint venture, association, limited
liability company, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 

“principal” of a Security means the principal of the Security plus, when appropriate, the premium, if any, on, and any Additional Amounts in
respect of, the Security. 
 “Responsible Officer” means any officer of the Trustee in its Corporate Trust Office having responsibility for
administration of this Indenture and also means, with respect to a particular corporate trust matter, any other officer to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with a particular subject. 

“SEC” means the Securities and Exchange Commission. 

“Securities” means the debentures, notes or other debt instruments of the Company of any Series authenticated and delivered under this
Indenture. 
 “Series” or “Series of Securities” means each series of debentures, notes or other debt instruments of the
Company created pursuant to Sections 2.1 and 2.2 hereof. 
 “Stated Maturity” when used with respect to any Security, means the date
specified in such Security as the fixed date on which the principal of such Security or interest is due and payable. 
 “Subsidiary” of any
specified person means any corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of
directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by such person or one or more of the other Subsidiaries of that person or a combination thereof. 

“TIA” means the Trust Indenture Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb) as in effect on the date of this Indenture; provided,
however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the extent required by any such amendment, the Trust Indenture Act as so amended. 

“Trustee” means the person named as the “Trustee” in the first paragraph of this instrument until a successor Trustee shall have
become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each person who is then a Trustee hereunder, and if at any time there is more than one such person, “Trustee” as
used with respect to the Securities of any Series shall mean the Trustee with respect to Securities of that Series. 
 “U.S. Government
Obligations” means securities which are direct obligations of, or guaranteed by, the United States of America for the payment of which its full faith and credit is pledged and which are not callable or redeemable at the option of the issuer
thereof, and shall also include a depositary receipt issued by a bank or trust company as custodian with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by
such custodian for the account of the holder of a depository 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 U.S. Government Obligation evidenced by such depositary receipt. 

  
 2 

 Section 1.2. Other Definitions. 

 

					
	 TERM
	  	DEFINED IN

SECTION
	 
	 “Bankruptcy Law”
	  	 	6.1	 
	 “Custodian”
	  	 	6.1	 
	 “Event of Default”
	  	 	6.1	 
	 “Judgment Currency”
	  	 	10.16	 
	 “Legal Holiday”
	  	 	10.7	 
	 “mandatory sinking fund payment”
	  	 	11.1	 
	 “Market Exchange Rate”
	  	 	10.15	 
	 “New York Banking Day”
	  	 	10.16	 
	 “Notice Agent”
	  	 	2.4	 
	 “optional sinking fund payment”
	  	 	11.1	 
	 “Paying Agent”
	  	 	2.4	 
	 “Registrar”
	  	 	2.4	 
	 “Required Currency”
	  	 	10.16	 
	 “Specified Courts”
	  	 	10.10	 
	 “successor person”
	  	 	5.1	 

 Section 1.3. Incorporation by Reference of Trust Indenture Act. 

Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. The following TIA
terms used in this Indenture have the following meanings: 
 “Commission” means the SEC. 

“indenture securities” means the Securities. 

“indenture security holder” means a Securityholder. 

“indenture to be qualified” means this Indenture. 

“indenture trustee” or “institutional trustee” means the Trustee. 

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

All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under the TIA and not
otherwise defined herein are used herein as so defined. 
 Section 1.4. Rules of Construction. 

Unless the context otherwise requires: 
 (a) a term has the
meaning assigned to it; 
 (b) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(c) “or” is not exclusive; 
 (d) words in the singular
include the plural, and in the plural include the singular; and 
 (e) provisions apply to successive events and transactions. 

 ARTICLE II. 

THE SECURITIES 
 Section 2.1. Issuable in
Series. 
 The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be
issued in one or more Series. All Securities of a Series shall be identical except as may be set forth or determined in the manner provided in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate detailing the
adoption of the terms thereof pursuant to authority granted under a Board Resolution. In the case of Securities of a Series to be issued from time to time, the Board Resolution, Officer’s Certificate or supplemental indenture hereto detailing
the adoption of the terms thereof pursuant to authority granted under a Board Resolution may provide for the method by which specified terms (such as interest rate, maturity date, record date or date from which interest shall accrue) are to be
determined. Securities may differ between Series in respect of any matters, provided that all Series of Securities shall be equally and ratably entitled to the benefits of this Indenture. 

Section 2.2. Establishment of Terms of Series of Securities. 

At or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the case of Subsection 2.2.1
and either as to such Securities within the Series or as to the Series 

  
 3 

 
generally in the case of Subsections 2.2.2 through 2.2.23) by or pursuant to a Board Resolution, and set forth or determined in the manner provided in a Board Resolution, supplemental indenture
hereto or Officer’s Certificate: 
 2.2.1    the title (which shall distinguish the Securities of that particular Series from the
Securities of any other Series) and ranking (including the terms of any subordination provisions) of the Series; 
 2.2.2    the price
or prices (expressed as a percentage of the principal amount thereof) at which the Securities of the Series will be issued; 

2.2.3    any limit upon the aggregate principal amount of the Securities of the Series which may be authenticated and delivered under this
Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series pursuant to Section 2.7, 2.8, 2.11, 3.6 or 9.6); 

2.2.4    the date or dates on which the principal of the Securities of the Series is payable; 

2.2.5    the rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine such rate or rates
(including, but not limited to, any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall bear interest, if any, the date or dates from which such interest, if any, shall accrue, the date or
dates on which such interest, if any, shall commence and be payable and any regular record date for the interest payable on any interest payment date; 

2.2.6    the place or places where the principal of and interest, if any, on the Securities of the Series shall be payable, where the
Securities of such Series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be delivered, and the method of such
payment, if by wire transfer, mail or other means; 
 2.2.7    if applicable, the period or periods within which, the price or prices at
which and the terms and conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company; 

2.2.8    the obligation, if any, of the Company to redeem or purchase the Securities of the Series pursuant to any sinking fund or
analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the Series shall be redeemed or purchased, in whole or in part,
pursuant to such obligation; 
 2.2.9    the dates, if any, on which and the price or prices at which the Securities of the Series will
be repurchased by the Company at the option of the Holders thereof and other detailed terms and provisions of such repurchase obligations; 

2.2.10    if other than denominations of $1,000 and any integral multiple thereof, the denominations in which the Securities of the Series
shall be issuable; 
 2.2.11    the forms of the Securities of the Series and whether the Securities will be issuable as Global
Securities; 
 2.2.12    if other than the principal amount thereof, the portion of the principal amount of the Securities of the Series
that shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2; 
 2.2.13    the currency
of denomination of the Securities of the Series, which may be Dollars or any Foreign Currency, and if such currency of denomination is a composite currency, the agency or organization, if any, responsible for overseeing such composite currency; 

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

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

2.2.17    the provisions, if any, relating to any security provided for the Securities of the Series; 

2.2.18    any addition to, deletion of or change in the Events of Default which applies to any Securities of the Series and any change in
the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.2; 

2.2.19    any addition to, deletion of or change in the covenants set forth in Articles IV or V hereof which applies to Securities of the
Series; 
 2.2.20    any Depositaries, interest rate calculation agents, exchange rate calculation agents or other agents with respect
to Securities of such Series if other than those appointed herein; 

  
 4 

 2.2.21    the provisions, if any, relating to conversion or exchange of any Securities of
such Series, including if applicable, the conversion price or exchange price, the conversion or exchange period, provisions as to whether conversion or exchange will be mandatory, at the option of the Holders thereof or at the option of the Company,
the events requiring an adjustment of the conversion price or exchange price and provisions affecting conversion or exchange if such Series of Securities are redeemed; 

2.2.22    any other terms of the Securities of the Series (which may supplement, modify or delete any provision of this Indenture insofar
as it applies to such Series), including any terms that may be required under applicable law or regulations or advisable in connection with the marketing of Securities of that Series; and 

2.2.23    whether any of the Company’s direct or indirect Subsidiaries will guarantee the Securities of that Series, including the
terms of subordination, if any, of such guarantees. 
 All Securities of any one Series need not be issued at the same time and may be issued from time to
time, consistent with the terms of this Indenture, if so provided by or pursuant to the Board Resolution, supplemental indenture hereto or Officer’s Certificate referred to above. 

Section 2.3. Execution and Authentication. 
 An
Officer shall sign the Securities for the Company by manual or facsimile signature. 
 If an Officer whose signature is on a Security no longer holds that
office at the time the Security is authenticated, the Security shall nevertheless be valid. 
 A Security shall not be valid until authenticated by the
manual or facsimile signature of the Trustee or an authenticating agent. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. 

The Trustee shall at any time, and from time to time, authenticate Securities for original issue in the principal amount provided in the Board Resolution,
supplemental indenture hereto or Officer’s Certificate, upon receipt by the Trustee of a Company Order. Each Security shall be dated the date of its authentication. 

The aggregate principal amount of Securities of any Series outstanding at any time may not exceed any limit upon the maximum principal amount for such Series
set forth in the Board Resolution, supplemental indenture hereto or Officer’s Certificate delivered pursuant to Section 2.2, except as provided in Section 2.8. 

Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to Section 7.2) shall be fully protected in relying on:
(a) the Board Resolution, supplemental indenture hereto or Officer’s Certificate establishing the form of the Securities of that Series or of Securities within that Series and the terms of the Securities of that Series or of Securities
within that Series, (b) an Officer’s Certificate complying with Section 10.4, and (c) an Opinion of Counsel complying with Section 10.4. 

The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised by counsel,
determines that such action may not be taken lawfully; or (b) if the Trustee in good faith by its board of directors or trustees, executive committee or a trust committee of directors and/or vice presidents or a committee of Responsible
Officers shall determine that such action would expose the Trustee to personal liability to Holders of any then outstanding Series of Securities. 
 The
Trustee may appoint an authenticating agent acceptable to the Company to authenticate Securities. An authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee
includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with the Company or an Affiliate of the Company. 

Section 2.4. Registrar and Paying Agent. 
 The
Company shall maintain, with respect to each Series of Securities, at the place or places specified with respect to such Series pursuant to Section 2.2, an office or agency where Securities of such Series may be presented or surrendered for
payment (“Paying Agent”), where Securities of such Series may be surrendered for registration of transfer or exchange (“Registrar”) and where notices and demands to or upon the Company in respect of the Securities
of such Series and this Indenture may be delivered (“Notice Agent”). The Registrar shall keep a register with respect to each Series of Securities and to their transfer and exchange. The Company will give prompt written notice to
the Trustee of the name and address, and any change in the name or address, of each Registrar, Paying Agent or Notice Agent. If at any time the Company shall fail to maintain any such required Registrar, Paying Agent or Notice Agent or shall fail to
furnish the Trustee with the name and address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all
such presentations, surrenders, notices and demands; provided, however, that any appointment of the Trustee as the Notice Agent shall exclude the appointment of the Trustee or any office of the Trustee as an agent to receive the service of
legal process on the Company. 
 The Company may also from time to time designate one or more co-registrars,
additional paying agents or additional notice agents and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligations to maintain a
Registrar, Paying Agent and Notice Agent in each place so specified pursuant to Section 2.2 for Securities of any Series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of
any change in 

  
 5 

 
the name or address of any such co-registrar, additional paying agent or additional notice agent. The term “Registrar” includes any co-registrar; the term 
 “Paying Agent” includes any additional paying agent; and the term
“Notice Agent” includes any additional notice agent. The Company or any of its Affiliates may serve as Registrar or Paying Agent. 
 The
Company hereby appoints the Trustee the initial Registrar, Paying Agent and Notice Agent for each Series unless another Registrar, Paying Agent or Notice Agent, as the case may be, is appointed prior to the time Securities of that Series are first
issued. 
 Section 2.5. Paying Agent to Hold Money in Trust. 

The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust, for the benefit of
Securityholders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on the Series of Securities, and will notify the Trustee in writing of any default by the Company in making
any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over
to the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate and hold in a separate
trust fund for the benefit of Securityholders of any Series of Securities all money held by it as Paying Agent. Upon any bankruptcy, reorganization or similar proceeding with respect to the Company, the Trustee shall serve as Paying Agent for the
Securities. 
 Section 2.6. Securityholder Lists. 

The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Securityholders
of each Series of Securities and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten days before each interest payment date and at such other times as the Trustee
may request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Securityholders of each Series of Securities. 

Section 2.7. Transfer and Exchange. 
 Where
Securities of a Series are presented to the Registrar or a co-registrar with a request to register a transfer or to exchange them for an equal principal amount of Securities of the same Series, the Registrar
shall register the transfer or make the exchange if its requirements for such transactions are met. To permit registrations of transfers and exchanges, the Trustee shall authenticate Securities at the Registrar’s request. No service charge
shall be made for any registration of transfer or exchange (except as otherwise expressly permitted herein), but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection
therewith (other than any such transfer tax or similar governmental charge payable upon exchanges pursuant to Sections 2.11, 3.6 or 9.6). 
 Neither the
Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any Series for the period beginning at the opening of business fifteen days immediately preceding the sending of a notice of
redemption of Securities of that Series selected for redemption and ending at the close of business on the day such notice is sent, or (b) to register the transfer of or exchange Securities of any Series selected, called or being called for
redemption as a whole or the portion being redeemed of any such Securities selected, called or being called for redemption in part. 
 Section 2.8.
Mutilated, Destroyed, Lost and Stolen Securities. 
 If any mutilated Security is surrendered to the Trustee, the Company shall execute and the
Trustee shall authenticate and deliver in exchange therefor a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security and
(ii) such security or indemnity bond as may be required by each of them to hold itself and any of its agents harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser,
the Company shall execute and upon its request the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new Security of the same Series and of like tenor and principal amount and
bearing a number not contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due
and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 
 Upon the issuance of any new Security under this
Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Security of any Series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an original additional
contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other
Securities of that Series duly issued hereunder. 

  
 6 

 The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and
remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 
 Section 2.9. Outstanding Securities.

 The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered to it for
cancellation, those reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section as not outstanding. 

If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding until the Trustee receives proof satisfactory to it that the replaced
Security is held by a bona fide purchaser. 
 If the Paying Agent (other than the Company, a Subsidiary of the Company or an Affiliate of the Company) holds
on the Maturity of Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease to be outstanding and interest on them ceases to accrue. 

The Company may purchase or otherwise acquire the Securities, whether by open market purchases, negotiated transactions or otherwise. A Security does not
cease to be outstanding because the Company or an Affiliate of the Company holds the Security (but see Section 2.10 below). 
 In determining whether
the Holders of the requisite principal amount of outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding
for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.2. 

Section 2.10. Treasury Securities. 
 In determining
whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand, authorization, direction, notice, consent or waiver, Securities of a Series owned by the Company or any Affiliate of the Company
shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on any such request, demand, authorization, direction, notice, consent or waiver only Securities of a Series that a Responsible
Officer of the Trustee knows are so owned shall be so disregarded. 
 Section 2.11. Temporary Securities. 

Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities upon a Company Order.
Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the Trustee upon
receipt of a Company Order shall authenticate definitive Securities of the same Series and date of maturity in exchange for temporary Securities. Until so exchanged, temporary securities shall have the same rights under this Indenture as the
definitive Securities. 
 Section 2.12. Cancellation. 

The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee any Securities
surrendered to them for registration of transfer, exchange or payment. The Trustee shall cancel all Securities surrendered for transfer, exchange, payment, replacement or cancellation and shall destroy such canceled Securities (subject to the record
retention requirements of the Exchange Act and the Trustee) and deliver a certificate of such cancellation to the Company upon written request of the Company. The Company may not issue new Securities to replace Securities that it has paid or
delivered to the Trustee for cancellation. 
 Section 2.13. Defaulted Interest. 

If the Company defaults in a payment of interest on a Series of Securities, it shall pay the defaulted interest, plus, to the extent permitted by law, any
interest payable on the defaulted interest, to the persons who are Securityholders of the Series on a subsequent special record date. The Company shall fix the record date and payment date. At least 10 days before the special record date, the
Company shall mail to the Trustee and to each Securityholder of the Series a notice that states the special record date, the payment date and the amount of interest to be paid. The Company may pay defaulted interest in any other lawful manner. 

Section 2.14. Global Securities. 

2.14.1    Terms of Securities. A Board Resolution, a supplemental indenture hereto or an Officer’s Certificate shall establish
whether the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depositary for such Global Security or Securities. 

2.14.2    Transfer and Exchange. Notwithstanding any provisions to the contrary contained in Section 2.7 of this Indenture and
in addition thereto, any Global Security shall be exchangeable pursuant to Section 2.7 of this Indenture for Securities registered in the names of Holders other than the Depositary for such Security or its nominee only if (i) such
Depositary notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered under the Exchange Act, and, in either case, the Company
fails to appoint a successor Depositary registered as a clearing agency under 

  
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the Exchange Act within 90 days of such event or (ii) the Company executes and delivers to the Trustee an Officer’s Certificate to the effect that such Global Security shall be so
exchangeable. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such names as the Depositary shall direct in writing in an aggregate principal amount equal to the principal
amount of the Global Security with like tenor and terms. 
 Except as provided in this Section 2.14.2, a Global Security may not be transferred except
as a whole by the Depositary with respect to such Global Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the Depositary or any such nominee to a successor
Depositary or a nominee of such a successor Depositary. 
 2.14.3    Legends. Any Global Security issued hereunder shall bear a
legend in substantially the following form: 
 “THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR
DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY.” 
 In addition, so long as the Depository Trust Company (“DTC”) is the Depositary,
each Global Note registered in the name of DTC or its nominee shall bear a legend in substantially the following form: 
 “UNLESS THIS GLOBAL NOTE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY GLOBAL NOTE 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 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.” 

2.14.4    Acts of Holders. The Depositary, as a Holder, may appoint agents and otherwise authorize participants to give or take any
request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under this Indenture. 

2.14.5    Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by
Section 2.2, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof. 

2.14.6    Consents, Declaration and Directions. The Company, the Trustee and any Agent shall treat a person as the Holder of such
principal amount of outstanding Securities of such Series represented by a Global Security as shall be specified in a written statement of the Depositary or by the applicable procedures of such Depositary with respect to such Global Security, for
purposes of obtaining any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture. 

Section 2.15. CUSIP Numbers. 
 The Company in issuing
the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no
representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other elements of identification printed on the Securities,
and any such redemption shall not be affected by any defect in or omission of such numbers. 
 

ARTICLE III. 
 REDEMPTION 

Section 3.1. Notice to Trustee. 
 The Company may,
with respect to any Series of Securities, reserve the right to redeem and pay the Series of Securities or may covenant to redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms
as provided for in such Securities. If a Series of Securities is redeemable and the Company wants or is obligated to redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of such Securities, it
shall notify the Trustee in writing of the redemption date and the principal amount of Series of Securities to be redeemed. The Company shall give the notice at least 15 days before the redemption date, unless a shorter period is satisfactory to the
Trustee. 

  
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 Section 3.2. Selection of Securities to be Redeemed. 

Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, if less than all
the Securities of a Series are to be redeemed, the Securities of the Series to be redeemed will be selected as follows: (a) if the Securities are in the form of Global Securities, in accordance with the procedures of the Depositary, (b) if
the Securities are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange, if any, on which the Securities are listed, or (c) if not otherwise provided for under clause
(a) or (b) in the manner that the Trustee deems fair and appropriate, including by lot or other method, unless otherwise required by law or applicable stock exchange requirements, subject, in the case of Global Securities, to the applicable
rules and procedures of the Depositary. The Securities to be redeemed shall be selected from Securities of the Series outstanding not previously called for redemption. Portions of the principal of Securities of the Series that have denominations
larger than $1,000 may be selected for redemption. Securities of the Series and portions of them it selected for redemption shall be in amounts of $1,000 or whole multiples of $1,000 or, with respect to Securities of any Series issuable in other
denominations pursuant to Section 2.2.10, the minimum principal denomination for each Series and the authorized integral multiples thereof. Provisions of this Indenture that apply to Securities of a Series called for redemption also apply to
portions of Securities of that Series called for redemption. 
 Section 3.3. Notice of Redemption. 

Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, at least 15 days but
not more than 60 days before a redemption date, the Company shall send or cause to be sent by first-class mail or electronically, in accordance with the procedures of the Depositary, a notice of redemption to each Holder whose Securities are to be
redeemed. 
 The notice shall identify the Securities of the Series to be redeemed and shall state: 

(a) the redemption date; 
 (b) the redemption price; 

(c) the name and address of the Paying Agent; 
 (d) if any
Securities are being redeemed in part, the portion of the principal amount of such Securities to be redeemed and that, after the redemption date and upon surrender of such Security, a new Security or Securities in principal amount equal to the
unredeemed portion of the original Security shall be issued in the name of the Holder thereof upon cancellation of the original Security; 
 (e) that
Securities of the Series called for redemption must be surrendered to the Paying Agent to collect the redemption price; 
 (f) that interest on Securities
of the Series called for redemption ceases to accrue on and after the redemption date unless the Company defaults in the deposit of the redemption price; 

(g) the CUSIP number, if any; and 
 (h) any other information as
may be required by the terms of the particular Series or the Securities of a Series being redeemed. 
 At the Company’s request, the Trustee shall give
the notice of redemption in the Company’s name and at its expense, provided, however, that the Company has delivered to the Trustee, at least 10 days (unless a shorter time shall be acceptable to the Trustee) prior to the notice date, an
Officer’s Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice. 
 Section 3.4.
Effect of Notice of Redemption. 
 Once notice of redemption is sent as provided in Section 3.3, Securities of a Series called for redemption
become due and payable on the redemption date and at the redemption price. Except as otherwise provided in the supplemental indenture hereto, Board Resolution or Officer’s Certificate for a Series of Securities, a notice of redemption
pertaining to such Series may not be conditional. Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price plus accrued interest to the redemption date. 

 Section 3.5. Deposit of Redemption Price. 

On or before 11:00 a.m., New York City time, on the redemption date, the Company shall deposit with the Paying Agent money sufficient to pay the redemption
price of and accrued interest, if any, on all Securities to be redeemed on that date. 
 Section 3.6. Securities Redeemed in Part. 

Upon surrender of a Security that is redeemed in part, the Trustee shall authenticate for the Holder a new Security of the same Series and the same maturity
equal in principal amount to the unredeemed portion of the Security surrendered. 

  
 9 

 ARTICLE IV. 

COVENANTS 
 Section 4.1. Payment of
Principal and Interest. 
 The Company covenants and agrees for the benefit of the Holders of each Series of Securities that it will duly and punctually
pay the principal of and interest, if any, on the Securities of that Series in accordance with the terms of such Securities and this Indenture. On or before 11:00 a.m., New York City time, on the applicable payment date, the Company shall deposit
with the Paying Agent money sufficient to pay the principal of and interest, if any, on the Securities of each Series in accordance with the terms of such Securities and this Indenture. 

Section 4.2. SEC Reports. 
 To the extent any
Securities of a Series are outstanding, the Company shall deliver to the Trustee within 15 days after it files them with the SEC copies of the annual reports and of the information, documents, and other reports (or copies of such portions of any of
the foregoing as the SEC may by rules and regulations prescribe) which the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act. The Company also shall comply with the other provisions of TIA §
314(a). Reports, information and documents filed with the SEC via the EDGAR system will be deemed to be delivered to the Trustee as of the time of such filing via EDGAR for purposes of this Section 4.2. 

Delivery of reports, information and documents to the Trustee under this Section 4.2 are for informational purposes only and the Trustee’s receipt
of the foregoing shall not constitute constructive or actual notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of their covenants hereunder (as to which
the Trustee is entitled to rely exclusively on Officer’s Certificates). 
 Section 4.3. Compliance Certificate. 

To the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee, within 120 days after the end of each fiscal year of the
Company, an Officer’s Certificate stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officer with a view to determining whether the
Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to such Officer signing such certificate, that to the best of his/her knowledge the Company has kept, observed, performed and fulfilled
each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions hereof (or, if a Default or Event of Default shall have occurred, describing all such Defaults
or Events of Default of which such Officer may have knowledge). 
 Section 4.4. Stay, Extension and Usury Laws. 

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

SUCCESSORS 
 Section 5.1. When Company May
Merge, Etc. 
 The Company shall not consolidate with or merge with or into, or convey, transfer or lease all or substantially all of its properties and
assets to, any person (a “successor person”) unless: 
 (a) the Company is the surviving corporation or the successor person (if other than the
Company) is a corporation organized and validly existing under the laws of any U.S. domestic jurisdiction and expressly assumes the Company’s obligations on the Securities and under this Indenture; and 

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

The Company shall deliver to the Trustee prior to the consummation of the proposed transaction an Officer’s Certificate to the foregoing effect and an
Opinion of Counsel stating that the proposed transaction and any supplemental indenture hereto comply with this Indenture. 
 Notwithstanding the above, any
Subsidiary of the Company may consolidate with, merge into or transfer all or part of its properties to the Company. Neither an Officer’s Certificate nor an Opinion of Counsel shall be required to be delivered in connection therewith. 

  
 10 

 Section 5.2. Successor Corporation Substituted. 

Upon any consolidation or merger, or any sale, lease, conveyance or other disposition of all or substantially all of the assets of the Company in accordance
with Section 5.1, the successor corporation formed by such consolidation or into or with which the Company is merged or to which such sale, 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 has been named as the Company herein; provided, however, that the predecessor Company in the case of a sale, conveyance or other
disposition (other than a lease) shall be released from all obligations and covenants under this Indenture and the Securities. 
 ARTICLE VI.

 DEFAULTS AND REMEDIES 
 Section 6.1.
Events of Default. 
 “Event of Default,” wherever used herein with respect to Securities of any Series, means any one of the
following events, unless in the establishing Board Resolution, supplemental indenture hereto or Officer’s Certificate, it is provided that such Series shall not have the benefit of said Event of Default: 

(a) default in the payment of any interest on any Security of that Series when it becomes due and payable, and continuance of such default for a period of 30
days (unless the entire amount of such payment is deposited by the Company with the Trustee or with a Paying Agent prior to 11:00 a.m., New York City time, on the 30th day of such period); or 

(b) default in the payment of principal of any Security of that Series at its Maturity; or 

(c) default in the performance or breach of any covenant or warranty of the Company in this Indenture (other than defaults pursuant to paragraphs (a) or
(b) above or pursuant to a covenant or warranty that has been included in this Indenture solely for the benefit of Series of Securities other than that Series), which default continues uncured for a period of 60 days after there has been given, by
registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the outstanding Securities of that Series a written notice specifying such default or breach and
requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 
 (d) the Company pursuant to or within the
meaning of any Bankruptcy Law: 
 (i) commences a voluntary case, 

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

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

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

(v) generally is unable to pay its debts as the same become due; or 

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

(i) is for relief against the Company in an involuntary case, 

(ii) appoints a Custodian of the Company or for all or substantially all of its property, or 

(iii) orders the liquidation of the Company, 
 and the order or
decree remains unstayed and in effect for 60 days; or 
 (f) any other Event of Default provided with respect to Securities of that Series, which is
specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, in accordance with Section 2.2.18. 
 The term
“Bankruptcy Law” means title 11, U.S. Code or any similar federal or state law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any
Bankruptcy Law. 
 The Company will provide the Trustee written notice of any Default or Event of Default within 30 days of becoming aware of the occurrence
of such Default or Event of Default, which notice will describe in reasonable detail the status of such Default or Event of Default and what action the Company is taking or proposes to take in respect thereof. 

Section 6.2. Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default with respect to Securities of any Series at the time outstanding occurs and is continuing (other than an Event of Default referred to in
Section 6.1(d) or (e)) then in every such case the Trustee or the Holders of not less than 25% in principal amount of the outstanding Securities of that Series may declare the principal amount (or, if any Securities of that Series are Discount
Securities, such portion of the principal amount as may be specified 

  
 11 

 
in the terms of such Securities) of and accrued and unpaid interest, if any, on all of the Securities of that Series to be due and payable immediately, by a notice in writing to the Company (and
to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) and accrued and unpaid interest, if any, shall become immediately due and payable. If an Event of Default specified in Section 6.1(d)
or (e) shall occur, the principal amount (or specified amount) of and accrued and unpaid interest, if any, on all outstanding Securities shall ipso facto become and be immediately due and payable without any declaration or other act on the part
of the Trustee or any Holder. 
 At any time after such a declaration of acceleration with respect to any Series has been made and before a judgment or
decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the outstanding Securities of that Series, by written notice to the Company and the
Trustee, may rescind and annul such declaration and its consequences if all Events of Default with respect to Securities of that Series, other than the non-payment of the principal and interest, if any, of
Securities of that Series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 6.13. 

No such rescission shall affect any subsequent Default or impair any right consequent thereon. 

Section 6.3. Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Company covenants that if 
 (a) default is made in the
payment of any interest on any Security when such interest becomes due and payable and such default continues for a period of 30 days, or 
 (b) default is
made in the payment of principal of any Security at the Maturity thereof, or 
 (c) default is made in the deposit of any sinking fund payment when and as
due by the terms of a Security, 
 then, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the
whole amount then due and payable on such Securities for principal and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and any overdue interest at the rate or rates prescribed
therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel. 
 If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may
institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor upon such Securities and collect the moneys
adjudged or deemed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 

If an Event of Default with respect to any Securities of any Series occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce
its rights and the rights of the Holders of Securities of such Series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or
agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 
 Section 6.4. Trustee
May File Proofs of Claim. 
 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 or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the
Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal 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 principal and interest owing and unpaid
in respect of the Securities 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 and counsel) and of the Holders allowed in such judicial proceeding, and 
 (b) to collect and receive any moneys 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 to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee
any amount due 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 7.7. 

Nothing contained in this Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of
reorganization, arrangement, adjustment or composition affecting the 

  
 12 

 
Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 6.5. Trustee May Enforce Claims Without Possession of Securities. 

All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the
Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the
payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 

Section 6.6. Application of Money Collected. 
 Any
money or property collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money or property on account of principal or interest,
upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 
 First: To
the payment of all amounts due the Trustee under Section 7.7; and 
 Second: To the payment of the amounts then due and unpaid for principal of and
interest on the Securities in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and interest,
respectively; and 
 Third: To the Company. 

Section 6.7. Limitation 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 that Series; 

(b) the Holders of not less than 25% in principal amount of the outstanding Securities of that 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 or security satisfactory to the Trustee against the costs, expenses and liabilities that might be incurred by the Trustee 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 that Series; 
 it being understood, intended and expressly covenanted by the
Holder of every Security with every other Holder and the Trustee 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 to affect, disturb or prejudice the
rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of
all such Holders of the applicable Series. 
 Section 6.8. Unconditional Right of Holders to Receive Principal and Interest. 

Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment
of the principal of and interest, if any, on such Security on the Maturity of such Security, including the Stated Maturity expressed in such Security (or, in the case of redemption, on the redemption date) and to institute suit for the enforcement
of any such payment, and such rights shall not be impaired without the consent of such Holder. 
 

Section 6.9. Restoration of Rights and Remedies. 
 If
the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder,
then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the
Trustee and the Holders shall continue as though no such proceeding had been instituted. 

  
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 Section 6.10. Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in Section 2.8, no right or
remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right
and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not, 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 Securities 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 or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed
expedient, by the Trustee or by the Holders, as the case may be. 
 Section 6.12. Control by Holders. 

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, 

(b) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, 

(c) subject to the provisions of Section 7.1, the Trustee shall have the right to decline to follow any such direction if the Trustee in good faith
shall, by a Responsible Officer of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability, and 
 (d) prior
to taking any action as directed under this Section 6.12, the Trustee shall be entitled to indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 

Section 6.13. Waiver of Past Defaults. 
 The Holders
of not less than a majority in principal amount of the outstanding Securities of any Series may on behalf of the Holders of all the Securities of such Series waive any past Default hereunder with respect to such Series and its consequences, except a
Default in the payment of the principal of or interest on any Security of such Series (provided, however, that the Holders of a majority in principal amount of the outstanding Securities of any Series may rescind an acceleration and its
consequences, including any related payment default that resulted from such acceleration). Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of
this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 
 Section 6.14.
Undertaking 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, suffered or omitted by it as Trustee, the filing by any party
litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the
merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Company, to any suit instituted by the Trustee, to any suit instituted by any Holder, or
group of Holders, holding in the aggregate more than 10% in principal amount of the outstanding Securities of any Series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or interest on any Security on
or after the Maturity of such Security, including the Stated Maturity expressed in such Security (or, in the case of redemption, on the redemption date). 
 

ARTICLE VII. 
 TRUSTEE 

Section 7.1. Duties of Trustee. 
 (a) If an Event of
Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in
the conduct of such person’s own affairs. 
 (b) Except during the continuance of an Event of Default: 

(i) The Trustee need perform only those duties that are specifically set forth in this Indenture and no others. 

  
 14 

 (ii) In the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon Officer’s Certificates or Opinions of Counsel furnished to the Trustee and conforming to the requirements of this Indenture; however, in the case of any such
Officer’s Certificates or Opinions of Counsel which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such Officer’s Certificates and Opinions of Counsel to determine whether or
not they conform to the form requirements of this Indenture. 
 (c) The Trustee may not be relieved from liability for its own negligent action, its own
negligent failure to act or its own willful misconduct, except that: 
 (i) This paragraph does not limit the effect of paragraph (b) of this Section.

 (ii) The Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the Trustee was
negligent in ascertaining the pertinent facts. 
 (iii) The Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by
it with respect to Securities of any Series in good faith in accordance with the direction of the Holders of a majority in principal amount of the outstanding Securities of such Series relating to the time, method and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such Series in accordance with Section 6.12. 

(d) Every provision of this Indenture that in any way relates to the Trustee is subject to paragraph (a), (b) and (c) of this Section. 

(e) The Trustee may refuse to perform any duty or exercise any right or power unless it receives indemnity satisfactory to it against the costs, expenses and
liabilities which might be incurred by it in performing such duty or exercising such right or power. 
 (f) The Trustee shall not be liable for interest on
any money received by it except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

(g) No provision of this Indenture shall require the Trustee to risk its own funds or otherwise incur any financial liability in the performance of any of its
duties, or in the exercise of any of its rights or powers, if adequate indemnity against such risk is not assured to the Trustee in its satisfaction. 
 (h)
The Paying Agent, the Registrar and any authenticating agent shall be entitled to the protections and immunities as are set forth in paragraphs (e), (f) and (g) of this Section and in Section 7.2, each with respect to the Trustee. 

Section 7.2. Rights of Trustee. 
 (a) The Trustee may
rely on and shall be protected in acting or refraining from acting upon any document (whether in its original or facsimile form) believed by it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate
any fact or matter stated in the document. 
 (b) Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an
Opinion of Counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. 

(c) The Trustee may act through agents and shall not be responsible for the misconduct or negligence of any agent appointed with due care. No Depositary shall
be deemed an agent of the Trustee and the Trustee shall not be responsible for any act or omission by any Depositary. 
 (d) The Trustee shall not be liable
for any action it takes or omits to take in good faith which it believes to be authorized or within its rights or powers, provided that the Trustee’s conduct does not constitute willful misconduct or negligence. 

(e) The Trustee may consult with counsel and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in
respect of any action taken, suffered or omitted by it hereunder without willful misconduct or negligence, and in reliance thereon. 
 (f) The Trustee shall
be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders of Securities unless such Holders shall have offered to the Trustee security or indemnity satisfactory to
it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 
 (g) The Trustee shall not be
bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper
or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit. 
 (h) The
Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is

  
 15 

 
received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities generally or the Securities of a particular Series and this Indenture. 

(i) In no event shall the Trustee be liable to any person for special, punitive, indirect, consequential or incidental loss or damage of any kind whatsoever
(including but not limited to lost profits), even if the Trustee has been advised of the likelihood of such loss or damage. 
 (j) The permissive right of
the Trustee to take the actions permitted by this Indenture shall not be construed as an obligation or duty to do so. 
 Section 7.3. Individual
Rights of Trustee. 
 The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the
Company or an Affiliate of the Company with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee is also subject to Sections 7.10 and 7.11. 

Section 7.4. Trustee’s Disclaimer. 

The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the Company’s use
of the proceeds from the Securities, and it shall not be responsible for any statement in the Securities other than its authentication. 
 Section 7.5.
Notice of Defaults. 
 If a Default or Event of Default occurs and is continuing with respect to the Securities of any Series and if it is known to a
Responsible Officer of the Trustee, the Trustee shall mail to each Securityholder of the Securities of that Series notice of a Default or Event of Default within 90 days after it occurs or, if later, after a Responsible Officer of the Trustee has
knowledge of such Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal of or interest on any Security of any Series, the Trustee may withhold the notice if and so long as its corporate trust
committee or a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of Securityholders of that Series. 

Section 7.6. Reports by Trustee to Holders. 
 Within
60 days after each             commencing             ,             ,
the Trustee shall transmit by mail to all Securityholders, as their names and addresses appear on the register kept by the Registrar, a brief report dated as of such anniversary date, in accordance with, and to the extent required under, TIA §
313. 
 A copy of each report at the time of its mailing to Securityholders of any Series shall be filed with the SEC and each national securities exchange
on which the Securities of that Series are listed. The Company shall promptly notify the Trustee in writing when Securities of any Series are listed on any national securities exchange. 

Section 7.7. Compensation and Indemnity. 
 The
Company shall pay to the Trustee from time to time compensation for its services as the Company and the Trustee shall from time to time agree upon in writing. The Trustee’s compensation shall not be limited by any law on compensation of a
trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable out of pocket expenses incurred by it. Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and
counsel. 
 The Company shall indemnify each of the Trustee and any predecessor Trustee (including the cost of defending itself) against any cost, expense
or liability, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred by it except as set forth in the next paragraph in the performance of its duties under this Indenture as Trustee or Agent.
The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder, unless and to the extent that the Company is
materially prejudiced thereby. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have one separate counsel and the Company shall pay the reasonable fees and expenses of such counsel. The Company need
not pay for any settlement made without its consent, which consent will not be unreasonably withheld. This indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee. 

The Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee or by any officer, director, employee,
shareholder or agent of the Trustee through willful misconduct or negligence. 
 To secure the Company’s payment obligations in this Section, the
Trustee shall have a lien prior to the Securities of any Series on all money or property held or collected by the Trustee, except that held in trust to pay principal of and interest on particular Securities of that Series. 

When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.1(d) or (e) occurs, the expenses and the
compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 
 The provisions of this Section shall
survive the termination of this Indenture. 

  
 16 

 Section 7.8. Replacement of Trustee. 

A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s acceptance of
appointment as provided in this Section. 
 The Trustee may resign with respect to the Securities of one or more Series by so notifying the Company at least
30 days prior to the date of the proposed resignation. The Holders of a majority in principal amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the Trustee and the Company. The Company may
remove the Trustee with respect to Securities of one or more Series if: 
 (a) the Trustee fails to comply with Section 7.10; 

(b) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy Law; 

(c) a Custodian or public officer takes charge of the Trustee or its property; or 

(d) the Trustee becomes incapable of acting. 
 If the Trustee
resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of
the then outstanding Securities may appoint a successor Trustee to replace the successor Trustee appointed by the Company. 
 If a successor Trustee with
respect to the Securities of any one or more Series does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least a majority in principal amount of the Securities
of the applicable Series may petition any court of competent jurisdiction for the appointment of a successor Trustee. 
 A successor Trustee shall deliver a
written acceptance of its appointment to the retiring Trustee and to the Company. Immediately after that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee subject to the lien provided for in
Section 7.7, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee with respect to each Series of Securities for which it is acting as
Trustee under this Indenture. A successor Trustee shall mail a notice of its succession to each Securityholder of each such Series. Notwithstanding replacement of the Trustee pursuant to this Section 7.8, the Company’s obligations under
Section 7.7 hereof shall continue for the benefit of the retiring Trustee with respect to expenses and liabilities incurred by it for actions taken or omitted to be taken in accordance with its rights, powers and duties under this Indenture
prior to such replacement. 
 Section 7.9. Successor Trustee by Merger, Etc. 

If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another corporation, the
successor corporation without any further act shall be the successor Trustee, subject to Section 7.10. 
 Section 7.10. Eligibility;
Disqualification. 
 This Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee shall
always have a combined capital and surplus of at least $25,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with TIA § 310(b). 

Section 7.11. Preferential Collection of Claims Against Company. 

The Trustee is subject to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or been removed shall
be subject to TIA § 311(a) to the extent indicated. 
 
 ARTICLE
VIII. 
 SATISFACTION AND DISCHARGE; DEFEASANCE 

Section 8.1. Satisfaction and Discharge of Indenture. 

This Indenture shall upon Company Order be discharged with respect to the Securities of any Series and cease to be of further effect as to all Securities of
such Series (except as hereinafter provided in this Section 8.1), and the Trustee, at the expense of the Company, shall execute instruments acknowledging satisfaction and discharge of this Indenture, when 

(a) either 
 (i) all Securities of such Series theretofore
authenticated and delivered (other than Securities that have been destroyed, lost or stolen and that have been replaced or paid) have been delivered to the Trustee for cancellation; or 

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

(1) have become due and payable by reason of sending a notice of redemption or otherwise, or 

  
 17 

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

(3) have been called for redemption or 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, or 
 (4) are deemed paid and discharged pursuant to Section 8.3, as
applicable; 
 and the Company, in the case of (1), (2) or (3) above, shall have irrevocably deposited or caused to be deposited with the Trustee as
trust funds in trust an amount of money or U.S. Government Obligations, which amount shall be sufficient for the purpose of paying and discharging each installment of principal (including mandatory sinking fund or analogous payments) of and interest
on all the Securities of such Series on the dates such installments of principal or interest are due; 
 (b) the Company has paid or caused to be paid all
other sums payable hereunder by the Company; and 
 (c) the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of
Counsel, each stating that all conditions precedent provided for relating to the satisfaction and discharge contemplated by this Section have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.7, and, if money shall
have been deposited with the Trustee pursuant to clause (a) of this Section, the provisions of Sections 2.4, 2.7, 2.8, 8.2 and 8.5 shall survive. 

Section 8.2. Application of Trust Funds; Indemnification. 

(a) Subject to the provisions of Section 8.5, all money and U.S. Government Obligations or Foreign Government Obligations deposited with the Trustee
pursuant to Section 8.1, 8.3 or 8.4 and all money received by the Trustee in respect of U.S. Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant to Section 8.1, 8.3 or 8.4, shall be held in trust
and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the
persons entitled thereto, of the principal and interest for whose payment such money has been deposited with or received by the Trustee or to make mandatory sinking fund payments or analogous payments as contemplated by Sections 8.1, 8.3 or 8.4.

 (b) The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against U.S. Government Obligations
or Foreign Government Obligations deposited pursuant to Sections 8.1, 8.3 or 8.4 or the interest and principal received in respect of such obligations other than any payable by or on behalf of Holders. 

(c) The Trustee shall deliver or pay to the Company from time to time upon Company Order any U.S. Government Obligations or Foreign Government Obligations or
money held by it as provided in Sections 8.3 or 8.4 which, in the opinion of a nationally recognized firm of independent certified public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, are then
in excess of the amount thereof which then would have been required to be deposited for the purpose for which such U.S. Government Obligations or Foreign Government Obligations or money were deposited or received. This provision shall not authorize
the sale by the Trustee of any U.S. Government Obligations or Foreign Government Obligations held under this Indenture. 
 Section 8.3. Legal
Defeasance of Securities of any Series. 
 Unless this Section 8.3 is otherwise specified, pursuant to Section 2.2, to be inapplicable to
Securities of any Series, the Company shall be deemed to have paid and discharged the entire indebtedness on all the outstanding Securities of any Series on the 91st day after the date of the deposit referred to in subparagraph (d) hereof, and
the provisions of this Indenture, as it relates to such outstanding Securities of such Series, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, upon receipt of a Company Order, execute instruments acknowledging
the same), except as to: 
 (a) the rights of Holders of Securities of such Series to receive, from the trust funds described in subparagraph
(d) hereof, (i) payment of the principal of and each installment of principal of and interest on the outstanding Securities of such Series on the Maturity of such principal or installment of principal or interest and (ii) the benefit of
any mandatory sinking fund payments applicable to the Securities of such Series on the day on which such payments are due and payable in accordance with the terms of this Indenture and the Securities of such Series; 

(b) the provisions of Sections 2.4, 2.5, 2.7, 2.8, 7.7, 8.2, 8.3, 8.5 and 8.6; and 

(c) the rights, powers, trusts and immunities of the Trustee hereunder and the Company’s obligations in connection therewith; 

provided that, the following conditions shall have been satisfied: 

(d) the Company shall have deposited or caused to be deposited (except as provided in Section 8.2(c)) with the Trustee as trust funds specifically
pledged as security for and dedicated solely to the benefit of the Holders of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government Obligations, or (ii) in the case of
Securities of such Series denominated in a Foreign Currency (other 

  
 18 

 
than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal in respect thereof in accordance with their terms, will provide (and
without reinvestment), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of independent public accountants or investment bank expressed in a written
certification thereof delivered to the Trustee, to pay and discharge each installment of principal of and interest, on and any mandatory sinking fund payments in respect of all the Securities of such Series on the dates such installments of
principal or interest and such sinking fund payments are due; 
 (e) such deposit will not result in a breach or violation of, or constitute a default
under, this Indenture or any other agreement or instrument to which the Company is a party or by which it is bound; 
 (f) no Default or Event of Default
with respect to the Securities of such Series shall have occurred and be continuing on the date of such deposit or during the period ending on the 91st day after such date; 

(g) the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel to the effect that (i) the Company has
received from, or there has been published by, the Internal Revenue Service a ruling, or (ii) since the date of execution of this Indenture, there has been a change in the applicable federal income tax law, in either case to the effect that,
and based thereon such Opinion of Counsel shall confirm that, the Holders of the Securities of such Series will not recognize income, gain or loss for federal income tax purposes as a result of such deposit, defeasance and discharge and will be
subject to federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not occurred; 

(h) the Company shall have delivered to the Trustee an Officer’s Certificate stating that the deposit was not made by the Company with the intent of
defeating, hindering, delaying or defrauding any other creditors of the Company; and 
 (i) the Company shall have delivered to the Trustee an
Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for relating to the defeasance contemplated by this Section have been complied with. 

Section 8.4. Covenant Defeasance. 
 Unless this
Section 8.4 is otherwise specified pursuant to Section 2.2 to be inapplicable to Securities of any Series, the Company may omit to comply with respect to the Securities of any Series with any term, provision or condition set forth under
Sections 4.2, 4.3, 4.4, 4.5, 4.6 and 5.1 and, unless otherwise specified therein, any additional covenants specified in a supplemental indenture hereto for such Series of Securities or a Board Resolution or an Officer’s Certificate delivered
pursuant to Section 2.2 (and the failure to comply with any such covenants shall not constitute a Default or Event of Default with respect to such Series under Section 6.1) and the occurrence of any event specified in a supplemental
indenture hereto for such Series of Securities or a Board Resolution or an Officer’s Certificate delivered pursuant to Section 2.2.18 and designated as an Event of Default shall not constitute a Default or Event of Default hereunder, with
respect to the Securities of such Series, but, except as specified above, the remainder of this Indenture and such Securities will be unaffected thereby; provided that the following conditions shall have been satisfied: 

(a) with reference to this Section 8.4, the Company has irrevocably deposited or caused to be irrevocably deposited (except as provided in
Section 8.2(c)) with the Trustee as trust funds in trust for the purpose of making the following payments specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities (i) in the case of
Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government Obligations, or (ii) in the case of Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign
Government Obligations, which through the payment of interest and principal in respect thereof in accordance with their terms, will provide (and without reinvestment), not later than one day before the due date of any payment of money, an amount in
cash, sufficient, in the opinion of a nationally recognized firm of independent certified public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal
(including mandatory sinking fund or analogous payments) of and interest on all the Securities of such Series on the dates such installments of principal or interest are due; 

(b) such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other agreement or instrument to which the
Company is a party or by which it is bound; 
 (c) no Default or Event of Default with respect to the Securities of such Series shall have occurred and be
continuing on the date of such deposit; 
 (d) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel to
the effect that (i) the company has received from, or there has been published by, the Internal Revenue Service a ruling, or (ii) since the date of execution of this Indenture, there has been a change in the applicable federal income tax
law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm, subject to customary exclusions, that the Holders of the Securities of such Series will not recognize income, gain or loss for federal income tax
purposes as a result of such deposit, covenant defeasance and discharge and will be subject to federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit, covenant defeasance and
discharge had not occurred; 
 (e) The Company shall have delivered to the Trustee an Officer’s Certificate stating the deposit was not made by the
Company with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and 

  
 19 

 (f) The Company shall have 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 covenant defeasance contemplated by this Section have been complied with. 

Section 8.5. Repayment to Company. 
 Subject to
applicable abandoned property law, the Trustee and the Paying Agent shall pay to the Company upon request any money held by them for the payment of principal and interest that remains unclaimed for two years. After that, Securityholders entitled to
the money must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person. 

Section 8.6. Reinstatement. 
 If the Trustee or the
Paying Agent is unable to apply any money deposited with respect to Securities of any Series in accordance with Section 8.1 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 obligations of the Company under this Indenture with respect to the Securities of such Series and under the Securities of such Series shall be revived and reinstated as though no
deposit had occurred pursuant to Section 8.1 until such time as the Trustee or the Paying Agent is permitted to apply all such money in accordance with Section 8.1; provided, however, that if the Company has made any payment of principal
of or interest on or any Additional Amounts with respect to any Securities because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or
U.S. Government Obligations held by the Trustee or Paying Agent after payment in full to the Holders. 
 ARTICLE IX. 

AMENDMENTS AND WAIVERS 
 Section 9.1.
Without Consent of Holders. 
 The Company and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without the
consent of any Securityholder: 
 (a) to cure any ambiguity, defect or inconsistency; 

(b) to comply with Article V; 
 (c) to provide for
uncertificated Securities in addition to or in place of certificated Securities; 
 (d) to add guarantees with respect to Securities of any Series or secure
Securities of any Series; 
 (e) to surrender any of the Company’s rights or powers under this Indenture; 

(f) to add covenants or events of default for the benefit of the holders of Securities of any Series; 

(g) to comply with the applicable procedures of the applicable depositary; 

(h) to make any change that does not adversely affect the rights of any Securityholder; 

(i) to provide for the issuance of and establish the form and terms and conditions of Securities of any Series as permitted by this Indenture; 

(j) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more Series and to add
to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee; or 

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

 Section 9.2. With Consent of Holders. 

The Company and the Trustee may enter into a supplemental indenture hereto with the written consent of the Holders of at least a majority in principal amount
of the outstanding Securities of each Series affected by such supplemental indenture (including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series), for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture hereto or of modifying in any manner the rights of the Securityholders of each such Series. Except as provided in Section 6.13, the
Holders of at least a majority in principal amount of the outstanding Securities of any Series by notice to the Trustee (including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series) may waive
compliance by the Company with any provision of this Indenture or the Securities with respect to such Series. 
 It shall not be necessary for the consent
of the Holders of Securities under this Section 9.2 to approve the particular form of any proposed supplemental indenture hereto or waiver, but it shall be sufficient if such consent approves the substance thereof. After a supplemental
indenture hereto or waiver under this section becomes effective, the Company shall mail to the Holders of Securities affected thereby, a notice briefly describing such supplemental 

  
 20 

 
indenture or waiver. Any failure by the Company to mail or publish such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental
indenture or waiver. 
 Section 9.3. Limitations. 

Without the consent of each Securityholder affected, an amendment or waiver may not: 

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

(b) reduce the rate of or extend the time for payment of interest (including default interest) on any Security; 

(c) reduce the principal or change the Stated Maturity of any Security or reduce the amount of, or postpone the date fixed for, the payment of any sinking
fund or analogous obligation; 
 (d) reduce the principal amount of Discount Securities payable upon acceleration of the maturity thereof; 

(e) waive a Default or Event of Default in the payment of the principal of or interest, if any, on any Security (except a rescission of acceleration of the
Securities of any Series by the Holders of at least a majority in principal amount of the outstanding Securities of such Series and a waiver of the payment default that resulted from such acceleration); 

(f) make the principal of or interest, if any, on any Security payable in any currency other than that stated in the Security; 

(g) make any change in Sections 6.8, 6.13 or 9.3 (this sentence); or 

(h) waive a redemption payment with respect to any Security, provided that such redemption is made at the Company’s option. 

Section 9.4. Section 9.4. Compliance with Trust Indenture Act. 

Every amendment to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture hereto that complies with the TIA as
then in effect. 
 Section 9.5. Revocation and Effect of Consents. 

Until an amendment is set forth in a supplemental indenture hereto or a waiver becomes effective, a consent to it by a Holder of a Security is a continuing
consent by the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. However, any such Holder or
subsequent Holder may revoke the consent as to his Security or portion of a Security if the Trustee receives the notice of revocation before the date of such supplemental indenture or the date the waiver becomes effective. 

Any amendment or waiver once effective shall bind every Securityholder of each Series affected by such amendment or waiver unless it is of the type described
in any of clauses (a) through (h) of Section 9.3. In that case, the amendment or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that evidences the same
debt as the consenting Holder’s Security. 
 The Company may, but shall not be obligated to, fix a record date for the purpose of determining the
Holders entitled to give their consent or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding the immediately preceding paragraph, those persons who
were Holders at such record date (or their duly designated proxies), and only those persons, shall be entitled to give such consent or to revoke any consent previously given or take any such action, whether or not such persons continue to be Holders
after such record date. No such consent shall be valid or effective for more than 120 days after such record date. 
 Section 9.6. Notation on or
Exchange of Securities. 
 The Company or the Trustee may place an appropriate notation about an amendment or waiver on any Security of any Series
thereafter authenticated. The Company in exchange for Securities of that Series may issue and the Trustee shall authenticate upon receipt of a Company Order in accordance with Section 2.3 new Securities of that Series that reflect the amendment
or waiver. 
 
 Section 9.7. Trustee Protected. 

In executing, or accepting the additional trusts created by, any supplemental indenture hereto permitted by this Article or the modifications thereby of the
trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 7.1) shall be fully protected in relying upon, an Officer’s Certificate or an Opinion of Counsel or both complying with Section 10.4.
The Trustee shall sign all supplemental indentures hereto upon delivery of such an Officer’s Certificate or Opinion of Counsel or both, except that the Trustee need not sign any supplemental indenture that adversely affects its rights. 

  
 21 

 ARTICLE X. 

MISCELLANEOUS 
 Section 10.1. Trust
Indenture Act Controls. 
 If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required or deemed to be
included in this Indenture by the TIA, such required or deemed provision shall control. 
 Section 10.2. Notices. 

Any notice or communication by the Company or the Trustee to the other, or by a Holder to the Company or the Trustee, is duly given if in writing and delivered
in person or mailed by first-class mail (registered or certified, return receipt requested), facsimile transmission, email or overnight air courier guaranteeing next day delivery, to the others’ address: 

if to the Company: 
 Alphatec Holdings, Inc. 

5818 El Camino Real 
 Carlsbad, CA 92008 

Attention: Corporate Secretary 
 with a copy to: 

Durham Jones & Pinegar, P.C. 
 192 E. 200 N., Third
Floor 
 St. George, Utah 84770 
 Attention: Joshua E. Little,
Esq. 
 if to the Trustee: 

[                    ] 

Attention: [                    ] 

with a copy to: 

[                    ] 

Attention: [                    ] 

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

Any notice or communication to a Securityholder shall be sent electronically or by first-class mail to his, her or its address shown on the register kept by
the Registrar, in accordance with the procedures of the Depositary. Failure to mail a notice or communication to a Securityholder of any Series or any defect in it shall not affect its sufficiency with respect to other Securityholders of that or any
other Series. 
 If a notice or communication is sent or published in the manner provided above, within the time prescribed, it is duly given, whether or
not the Securityholder receives it. 
 If the Company sends a notice or communication to Securityholders, it shall send a copy to the Trustee and each Agent
at the same time. 
 Notwithstanding any other provision of this Indenture or any Security, where this Indenture or any Security provides for notice of any
event (including any notice of redemption) to a Holder of a Global Security (whether by mail or otherwise), such notice shall be sufficiently given to the Depositary for such Security (or its designee) pursuant to the customary procedures of such
Depositary. 
 
 Section 10.3. Communication by Holders with Other
Holders. 
 Securityholders of any Series may communicate pursuant to TIA § 312(b) with other Securityholders of that Series or any other Series
with respect to their rights under this Indenture or the Securities of that Series or all Series. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 

Section 10.4. Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee: 

(a) an Officer’s Certificate stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to
the proposed action have been complied with; and 
 (b) an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent
have been complied with. 

  
 22 

 Section 10.5. Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate provided pursuant
to TIA § 314(a)(4)) shall comply with the provisions of TIA § 314(e) and shall include: 
 (a) a statement that the person making such certificate
or opinion has read such covenant or condition; 
 (b) a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinions contained in such certificate or opinion are based; 
 (c) a statement that, in the opinion of such person, he 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 10.6. Rules by Trustee and Agents. 
 The
Trustee may make reasonable rules for action by or a meeting of Securityholders of one or more Series. Any Agent may make reasonable rules and set reasonable requirements for its functions. 

Section 10.7. Legal Holidays. 
 Unless otherwise
provided by Board Resolution, Officer’s Certificate or supplemental indenture hereto for a particular Series, a “Legal Holiday” is any day that is not a Business Day. If a payment date is a Legal Holiday at a place of payment, payment
may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. 

Section 10.8. No Recourse Against Others. 
 A
director, officer, employee or stockholder (past or present), as such, of the Company shall not have any liability for any obligations of the Company under the Securities or this Indenture or for any claim based on, in respect of or by reason of
such obligations or their creation. Each Securityholder by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Securities. 

Section 10.9. Counterparts. 
 This Indenture may be
executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. The exchange of
copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes.
Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 
 Section 10.10.
Governing Law; Waiver of Jury Trial; Consent to Jurisdiction. 
 THIS INDENTURE AND THE SECURITIES, INCLUDING ANY CLAIM OR CONTROVERSY ARISING OUT
OF OR RELATING TO THIS INDENTURE OR THE SECURITIES, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 THE COMPANY, THE TRUSTEE AND THE
HOLDERS (BY THEIR ACCEPTANCE OF THE SECURITIES) EACH HEREBY IRREVOCABLY WAIVE, 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 NOTES OR
THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
 Any legal suit, action or proceeding arising out of or based upon this Indenture or the transactions
contemplated hereby may be instituted in the federal courts of the United States of America located in the City of New York or the courts of the State of New York in each case located in the City of New York (collectively, the “Specified
Courts”), and each party irrevocably submits to the nonexclusive jurisdiction of such courts in any such suit, action or proceeding. Service of any process, summons, notice or document by mail (to the extent allowed under any applicable statute
or rule of court) to such party’s address set forth above shall be effective service of process for any suit, action or other proceeding brought in any such court. The Company, the Trustee and the Holders (by their acceptance of the Securities)
each hereby irrevocably and unconditionally waive any objection to the laying of venue of any suit, action or other proceeding in the Specified Courts and irrevocably and unconditionally waive and agree not to plead or claim any such suit, action or
other proceeding has been brought in an inconvenient forum. 
 Section 10.11. No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary of the Company. Any such indenture, loan
or debt agreement may not be used to interpret this Indenture. 

  
 23 

 Section 10.12. Successors. 

All agreements of the Company in this Indenture and the Securities shall bind its successor. All agreements of the Trustee in this Indenture shall bind its
successor. 
 Section 10.13. Severability. 
 In
case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 10.14. Table of Contents, Headings, Etc. 

The Table of Contents, Cross Reference Table, and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only,
are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof. 
 Section 10.15. Securities
in a Foreign Currency. 
 Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered
pursuant to Section 2.2 of this Indenture 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 Securities of any Series which are denominated in more than one currency, 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 determined by converting any such other currency into a currency that is designated upon issuance of any particular Series of Securities. Unless otherwise
specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered pursuant to Section 2.2 of this Indenture with respect to a particular Series of Securities, such conversion shall be at the spot rate
for the purchase of the designated currency as published in The Financial Times in the “Currency Rates” section (or, if The Financial Times is no longer published, or if such information is no longer available in The Financial Times, such
source as may be selected in good faith by the Company) on any date of determination (the “Market Exchange Rate”). The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities
of a Series denominated in currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. 

All decisions and determinations provided for in the preceding paragraph shall, in the absence of manifest error, to the extent permitted by law, be
conclusive for all purposes and irrevocably binding upon the Trustee and all Holders. 
 Section 10.16. Judgment Currency. 

The Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining judgment in any
court it is necessary to convert the sum due in respect of the principal of or interest or other amount on the Securities of any Series (the “Required Currency”) into a currency in which a judgment will be rendered (the
“Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the day
on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York
the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency (i) shall
not be discharged or satisfied by any tender, any recovery pursuant to any judgment (whether or not entered in accordance with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or recovery shall
result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering
in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable, and (iii) shall not be affected by judgment being obtained for any other sum due
under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions are authorized or required by law, regulation or
executive order to close. 
 Section 10.17. Force Majeure. 

In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by,
directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss
or malfunctions of utilities, communications or computer (software and hardware) services, it being understood that the Trustee shall use reasonable best efforts which are consistent with accepted practices in the banking industry to resume
performance as soon as practicable under the circumstances. 
 Section 10.18. U.S.A. Patriot Act. 

The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee is required to obtain, verify, and record
information that identifies each person or legal entity that establishes a 

  
 24 

 
relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to
satisfy the requirements of the U.S.A. Patriot Act. 
 ARTICLE XI. 

SINKING FUNDS 
 Section 11.1.
Applicability of Article. 
 The provisions of this Article shall be applicable to any sinking fund for the retirement of the Securities of a Series
if so provided by the terms of such Securities pursuant to Section 2.2, except as otherwise permitted or required by any form of Security of such Series issued pursuant to this Indenture. 

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

Section 11.2. Satisfaction of Sinking Fund Payments with Securities. 

The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made pursuant to the terms
of such Securities (1) deliver outstanding Securities of such Series to which such sinking fund payment is applicable (other than any of such Securities previously called for mandatory sinking fund redemption) and (2) apply as credit
Securities of such Series to which such sinking fund payment is applicable and which have been repurchased by the Company or redeemed either at the election of the Company pursuant to the terms of such Series of Securities (except pursuant to any
mandatory sinking fund) or through the application of permitted optional sinking fund payments or other optional redemptions pursuant to the terms of such Securities, provided that such Securities have not been previously so credited. Such
Securities shall be received by the Trustee, together with an Officer’s Certificate with respect thereto, not later than 15 days prior to the date on which the Trustee begins the process of selecting Securities for redemption, and shall be
credited for such purpose by the Trustee at the price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. If as a result of the delivery or
credit of Securities in lieu of cash payments pursuant to this Section 11.2, the principal amount of Securities of such Series to be redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not call
Securities of such Series for redemption, except upon receipt of a Company Order that such action be taken, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment, provided,
however, that the Trustee or such Paying Agent shall from time to time upon receipt of a Company Order pay over and deliver to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by the Company to the Trustee
of Securities of that Series purchased by the Company having an unpaid principal amount equal to the cash payment required to be released to the Company. 

Section 11.3. Redemption of Securities for Sinking Fund. 

Not less than 45 days (unless otherwise indicated in the Board Resolution, supplemental indenture hereto or Officer’s Certificate in respect of a
particular Series of Securities) prior to each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing mandatory 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 and the portion thereof, if any, which is to be satisfied by delivering and crediting of Securities of that Series pursuant to
Section 11.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the Company shall thereupon be obligated to pay the amount therein specified. 

Not less than 30 days (unless otherwise indicated in the Board Resolution, Officer’s Certificate or supplemental indenture hereto in respect of a
particular Series of Securities) before each such sinking fund payment date the Securities to be redeemed upon such sinking fund payment date will be selected in the manner specified in Section 3.2 and the Company shall send or cause to be sent
a notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in and in accordance with Section 3.3. Such notice having been duly given, the redemption of such Securities shall be made
upon the terms and in the manner stated in Sections 3.4, 3.5 and 3.6. 

  
 25 

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

			
	Alphatec Holdings, Inc.
		
	By:	 	  

	Name:	 	  

	Its:	 	  

	
	[Name of Trustee], as Trustee
		
	By:	 	  

	Name:	 	  

	Its:	 	  

  
 26

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