Document:

Exhibit 10.1

 

EXECUTION VERSION

CONFIDENTIAL SEPARATION AND RELEASE AGREEMENT

This Confidential Separation and Release Agreement (the “Separation Agreement”) is made this 15th day of July 2017, by and between Sterling Jewelers Inc., a Delaware corporation (including its successors and assigns, the “Company”), and Mark S. Light (the “Employee”).

WHEREAS, the Company and Employee entered into that certain Termination Protection Agreement, effective October 15, 2015, as amended (“TPA”);

WHEREAS, pursuant to the terms and conditions of the Signet Jewelers Limited Omnibus Incentive Plan (the “Omnibus Plan”), the Employee was granted the following equity and equity-based awards, all or a portion of which are expected to remain unvested as of the Retirement Date (as defined below): (i) restricted shares of Signet pursuant to Time-Based Restricted Stock Award Agreements dated as of July 16, 2014, April 27, 2015, April 25, 2016 and April 7, 2017 (together, the “Restricted Stock Awards”) and (ii) performance-based vesting restricted stock units of Signet pursuant to Performance-Based Restricted Stock Unit Award Agreements dated as of April 27, 2015, April 25, 2016 and April 27, 2017 (the “RSU Awards” and, together with the Restricted Stock Awards, the “Equity Awards”);

WHEREAS, the Employee intends to retire from the position of Chief Executive Officer of Signet Jewelers Limited and its subsidiaries (the “Signet Group”), effective July 31, 2017 (the “Retirement Date”); and

WHEREAS, the Employee and the Company both agree that the Employee’s employment with the Company and its subsidiaries and affiliates will terminate effective as of the Retirement Date.

NOW, THEREFORE, in consideration of such services and the mutual covenants and promises herein contained, the Company and the Employee hereby agree as follows:

1.            Retirement. The Employee acknowledges that on the Retirement Date the Employee will immediately be deemed to resign, and shall resign from and/or be removed from the Employee’s position, Chief Executive Officer of the Signet Group, and from all offices and directorships held by the Employee in the Company or any of its subsidiaries or affiliates. The Employee agrees to execute any documentation presented by the Company to effectuate all such resignations and/or removals from such offices and/or directorships held by the Employee.

2.             Payments.

 

(a)           Accrued Rights. Employee shall be entitled to receive: (i) base salary and accrued and unused vacation through the date of termination of employment in accordance with the Company’s normal payroll practices, (ii) any annual bonus or long-term incentive plan payment that has been earned by the Employee for a completed fiscal year (or with respect to a long-term incentive plan payment, a completed performance cycle) ending prior to the date of termination of employment but which remains unpaid as of such date payable in accordance with the applicable plan, and (iii) any vested benefits to which Employee is entitled under the employee benefit plans of the Company, payable pursuant to the terms and conditions of such benefit plans.

(b)           Retirement Payments. Subject to Section 4, the Employee shall be entitled to receive the following payments and benefits:

(i)            continued payment of the Employee’s annual base salary in effect on the Retirement Date for twelve (12) months following the Retirement Date, paid in accordance with the Company’s standard payroll practices for executive officers.

(ii)           a lump sum amount equal to the annual bonus the Employee would have otherwise received for fiscal year 2018, based on actual performance, payable in a lump sum during the period commencing on the 15th of April and ending on the 31st of May following the end of fiscal year 2018.

(iii)          in respect of each then-ongoing performance cycle under the Omnibus Plan as of the date of termination, (1) with respect to the RSU Awards, at the end of each completed performance cycle for each such award, vesting shall be calculated by multiplying (A) the total number of awards that would have vested based on actual performance during the full performance cycle and (B) the quotient obtained from dividing the number of calendar days worked during the applicable performance cycle through the date of termination by the number of calendar days in such performance cycle, payable upon the conclusion of the applicable performance cycle in accordance with the Omnibus Plan (but no later than the “short-term deferral” period under Section 409A (defined below)), and (2) with respect to the Restricted Stock Awards that vest solely based on the provision of services, vesting, as of the Retirement Date, shall be calculated by multiplying (A) the total number of awards that would have vested if the Employee had remained employed during the full performance cycle and (B) the quotient obtained from dividing the number of calendar days worked during the applicable performance cycle through the Retirement Date by the number of calendar days in such performance cycle, payable in accordance with the Omnibus Plan.

(iv)          a lump sum payment equal to $200,000 in respect of health benefits, payable on the first payroll date following the sixtieth day following the Retirement Date.

(v)           a lump sum payment equal to $975,000 payable within ten (10) days following the second anniversary of the Retirement Date and, if Employee elects, pursuant to Section 6(c) to extend the Restrictive Covenant Period for an additional third year, an additional lump sum payment equal to $975,000 payable within ten (10) days following the third anniversary of the Retirement Date.

 

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(vi)          reimbursement of administrative support service expenses for a period of six (6) months following the Retirement Date, up to an aggregate of $35,000 to facilitate knowledge transfer. Such reimbursement shall be subject to Employee’s submission of receipts to the Company documenting such expenses and such reimbursement shall be paid in a lump sum within thirty (30) days following the end of such six month period.

(vii)         a lump sum payment equal to $50,000 in respect of financial and retirement planning services, payable on the first payroll date following the sixtieth day following the Retirement Date.

(viii)        a lump sum payment equal to $50,000 in respect of legal fees incurred in connection with this Agreement, payable on the first payroll date following the sixtieth day following the Retirement Date.

If the Employee participated in direct deposit as of the Retirement Date, the Employee’s payments under Sections 2(a) and 2(b) will be direct deposited. If the Employee did not participate in direct deposit, the Employee will be issued a live check to the Employee’s last reported home address on file with the Company. The termination payments and benefits described in this Section 2(b) will be reduced to cover any outstanding financial obligations the Employee owes to the Company as of the Retirement Date, to the extent permissible under law, and without the incurrence of additional tax obligations under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and the regulations and guidance promulgated thereunder (collectively “Section 409A”). For the avoidance of doubt, all payments under Section 2(b) shall cease upon the Employee’s breach of the provisions of Sections 6, 7, 8, 9 or 10.

3.             Sole Payments and Benefits. The termination payments and benefits set forth in Section 2(a) and (b) shall be the sole and exclusive payments and benefits to which the Employee shall be entitled in respect of the Employee’s termination of employment with the Company. Employee acknowledges that Employee is not entitled to any other compensation, benefits or perquisites of any kind, other than as set forth in this Agreement.

4.            Entitlement to Payments; Timing of Payments. The Employee’s entitlement to the termination payments and benefits set forth in Section 2(b) shall be subject to and contingent upon (i) the Employee’s timely execution and delivery to the Company, and expiration of the revocation period with no revocation (as described in Section 21), of this Separation Agreement and (ii) Employee’s continued compliance with Sections 6, 7, 8, 9, and 10. All payments under Section 2(b) shall be payable as described above; provided, that any payments due prior to the sixtieth day after the Retirement Date shall be made on the first payroll date following such sixtieth day and shall include all amounts due prior thereto. Employee acknowledges that the payments pursuant to Section 2(b) are subject to claw back by the Company in the event the Company determines in good faith that during the employment period, Employee committed a material violation of the Company’s Code of Ethics in force at the time of the alleged violation.

 

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5.            General Release. For and in consideration of the payments and benefits provided by the Company under this Separation Agreement, the Employee, on the Employee’s own behalf and on behalf of the Employee’s heirs, estate and beneficiaries, does hereby release the Company, and in such capacities, any of its subsidiaries or affiliates, and each past or present officer, director, agent, employee, shareholder, attorney acting for or on behalf of the Company and insurer of any such entities, from any and all claims made, to be made, or which might have been made of whatever nature, whether known or unknown, from the beginning of time, including those that arose as a consequence of the Employee’s employment with the Company, or arising out of the severance of such employment relationship, or arising out of any act committed or omitted during or after the existence of such employment relationship, all up through and including the date on which this Release is executed, including, without limitation, any tort and/or contract claims, common law or statutory claims, claims under any local, state or federal wage and hour law, wage collection law or labor relations law, claims under any common law or other statute, claims of age, race, sex, sexual orientation, religious, disability, national origin, ancestry, citizenship, retaliation or any other claim of employment discrimination, including under Title VII of the Civil Rights Acts of 1964 and 1991, as amended (42 U.S.C. §§ 2000e et seq.), Age Discrimination in Employment Act, as amended (29 U.S.C. §§ 621, et seq.); the Americans with Disabilities Act (42 U.S.C. §§ 12101 et seq.), the Rehabilitation Act of 1973 (29 U.S.C. 701 et seq.), the Family and Medical Leave Act (29 U.S.C. §§ 2601 et seq.), the Fair Labor Standards Act (29 U.S.C. §§ 201 et seq.), the Executive Retirement Income Security Act of 1974, as amended (29 U.S.C. §§ 1001 et seq.) and any other law (including any state or local law or ordinance) prohibiting employment discrimination or relating to employment, retaliation in employment, termination of employment, wages, benefits or otherwise. If any arbitrator or court rules that such waiver of rights to file, or have filed on Employee’s behalf, any administrative or judicial charges or complaints is ineffective, the Employee agrees not to seek or accept any money damages or any other relief upon the filing of any such administrative or judicial charges or complaints. Nothing in this Separation Agreement shall be construed to prohibit the Employee from filing a charge with or participating in any investigation or proceeding by a government agency charged with enforcement of any law. The Employee agrees to waive the Employee’s right to recover monetary damages in any charge, complaint, or lawsuit filed by the Employee or by anyone else on the Employee’s behalf, except that nothing in this Separation Agreement shall be construed to limit the Employee’s right to receive any monetary award from the Securities and Exchange Commission pursuant to Section 21F of the Securities Exchange Act of 1934. The Employee relinquishes any right to future employment with the Company and the Company shall have the right to refuse to re-employ the Employee, in each case without liability of the Employee or the Company. The Employee acknowledges and agrees that even though claims and facts in addition to those now known or believed by him to exist may subsequently be discovered, it is Employee’s intention to fully settle and release all claims he may have against the Company and the persons and entities described above, whether known, unknown or suspected.

 

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The Company and the Employee acknowledge and agree that the release contained in this Section 5 does not, and shall not be construed to, release or limit the scope of any existing obligation of the Company and/or any of its subsidiaries or affiliates (i) to indemnify the Employee for Employee’s acts as an officer or director of Company in accordance with the Certificate of Incorporation and all agreements thereunder, or applicable law, (ii) to pay any amounts or benefits pursuant to Section 2 of this Separation Agreement, or (iii) with respect to the Employee’s rights as a shareholder of the Company, Signet or any of their subsidiaries.

6.             Restrictive Covenants.

(a)           During the term of the Employee’s employment with the Company or any of its subsidiaries or affiliates and for all time thereafter, the Employee shall keep secret and retain in strictest confidence and not divulge, disclose, discuss, copy or otherwise use or suffer to be used in any manner, except in connection with the Business (as defined below) of the Company and of any of the subsidiaries or affiliates of the Company, any trade secrets, confidential or proprietary information and documents or materials owned, developed or possessed by or for the Company or any of the subsidiaries or affiliates of the Company pertaining to the Business of the Company or any of the subsidiaries or affiliates of the Company; provided that such information referred to in this Section 6(a) shall not include information that is or has become generally known to the public or the jewelry trade without violation of this Section 6. For purposes of the Separation Agreement, “Business” shall mean the operation of a retail jewelry business that sells to the public jewelry, watches and associated services including through e-commerce.

(b)           The Employee acknowledges that all developments, including, without limitation, inventions (patentable or otherwise), discoveries, improvements, patents, trade secrets, designs, reports, computer software, flow charts and diagrams, data, documentation, writings and applications thereof (collectively, “Works”) relating to the Business or planned business of the Company or any of the subsidiaries or affiliates of the Company that, alone or jointly with others, the Employee may create, make, develop or acquire during the term of Employee’s employment with the Company or any of its subsidiaries or affiliates (collectively, the “Developments”) are works made for hire and shall remain the sole and exclusive property of the Company and its subsidiaries and affiliates and the Employee hereby assigns to the Company all of Employee’s right, title and interest in and to all such Developments and Employee shall take any action reasonably necessary to achieve the foregoing result. Notwithstanding any provision of this Agreement to the contrary, “Developments” shall not include any Works that do not relate to the Business or planned business of the Company or any of the subsidiaries or affiliates of the Company.

 

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(c)           The Employee agrees that Employee shall not, directly or indirectly, without the prior written consent of the Company:

		(i)	
during Employee’s employment with the Company or any of its subsidiaries or affiliates and for a period of two years commencing upon the Retirement Date (such period, the “Restrictive Covenant Period”), solicit, entice, persuade or induce any employee, consultant, agent or independent contractor of the Company or of any of the subsidiaries or affiliates of the Company to terminate his or her employment or engagement with the Company or such subsidiary or affiliate, to become employed by any person, firm or corporation other than the Company or such subsidiary or affiliate or approach any such employee, consultant, agent or independent contractor for any of the foregoing purposes; or

		(ii)	
during the Restrictive Covenant Period, directly or indirectly own, manage, control, invest or participate in any way in, consult with or render services to or for any person or entity (other than for the Company or any of the subsidiaries or affiliates of the Company) which is materially engaged in the Business (“materially” meaning deriving more than 25% of its revenue from the sale of jewelry and watches per year as of the applicable date); provided that the Employee shall be entitled to own up to 1% of any class of outstanding securities of any company whose common stock is listed on a national securities exchange or included for trading on the NASDAQ Stock Market;

provided that; the Employee may elect to extend the Restrictive Covenant Period for one (1) additional year, upon notice to the Company at least sixty (60) days prior to the second anniversary of the Retirement Date.

(d)           The Employee acknowledges that the services to be rendered by the Employee are of a special, unique and extraordinary character and, in connection with such services, the Employee will have access to confidential information vital to the Business of the Company and the subsidiaries and affiliates of the Company. By reason of this, the Employee consents and agrees that if the Employee violates any of the provisions of Section 6 hereof, the Company and the subsidiaries and affiliates of the Company would sustain irreparable injury and that monetary damages will not provide adequate remedy to the Company and that the Company shall be entitled to have Section 6 specifically enforced by any court having equity jurisdiction. Nothing contained herein shall be construed as prohibiting the Company or any of the subsidiaries or affiliates of the Company from pursuing any other remedies available to it for such breach or threatened breach, including, without limitation, the recovery of damages from the Employee or cessation of payments and benefits hereunder without requirement for posting a bond. The Employee further acknowledges that: (i) the Employee will not at any time, directly or indirectly violate this Section 6; (ii) payment of the termination payments and benefits in Section 2(b) under this Separation Agreement shall not be made if the Employee violates this Section 6; (iii) the Company shall have no further obligation at any time to pay the termination payments and benefits in Section 2(b) under this Separation Agreement if the Employee violates this Section 6; and (iv) to the extent allowed by law, the Employee shall be required to return to the Company any termination payments and benefits the Company paid the Employee less two hundred fifty dollars ($250.00) if the Employee violates this Section 6.

 

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7.            Cooperation. All payments and benefits pursuant to Section 2(b) of this Separation Agreement are conditioned upon the Employee’s full and continued cooperation in good faith with the Company, its subsidiaries and affiliates and its legal counsel, as may be necessary or appropriate, (i) to respond truthfully to any inquiries that may arise with respect to matters that the Employee was responsible for or involved with during his employment with the Company, (ii) to furnish to the Company, as reasonably requested by the Company, from time to time, the Employee’s honest and good faith advice, information, judgment and knowledge with respect to mattes that the Employee was responsible for or involved with during his employment with the Company, (iii) in connection with any defense, prosecution or investigation of any and all actual, threatened, potential or pending court or administrative proceedings or other legal matters in which the Employee may be involved as a party and/or in which the Company determines, in its sole discretion, that the Employee is a relevant witness and/or possesses relevant information, and (iv) in connection with any and all legal matters relating to the Company, its subsidiaries and affiliates, and each of their respective past and present employees, managers, directors, officers, administrators, shareholders, members, agents, and attorneys, in which the Employee may be called as an involuntary witness (by subpoena or other compulsory process) served by any third-party, including, without limitation, providing the Company with written notice of any subpoena or other compulsory process served on the Employee within forty-eight (48) hours of its occurrence.

In connection with the matters described in this Section 7, the Employee agrees to notify, truthfully communicate and be represented by, and provide requested information to, the Company’s counsel, to fully cooperate and work in good faith with such counsel with respect to, and in preparation for, any response to a subpoena or other compulsory process served upon the Employee, any depositions, interviews, responses, appearances or other legal matters, and to testify truthfully and honestly with respect to all matters. For the avoidance of doubt, the Company has no obligation to provide the Employee with counsel in connection with any matter.

The Company shall reimburse the Employee for reasonable expenses, such as travel, lodging and meal expenses, incurred by the Employee pursuant to this Section 7 at the Company’s request, and consistent with the Company’s policies for employee expenses.

 

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8.             Return of Property and Documents. As a material provision of this Separation Agreement, and as a condition of the receipt of the termination payments and benefits described in Sections 2(b) of this Separation Agreement, as of the Retirement Date, the Employee shall have, and represent to have, returned to the Company all Company property (including, without limitation, any and all computers, phones, identification cards, card key passes, fobs, corporate credit cards, corporate phone cards, corporate motor vehicles, files, memoranda, keys and software) in the Employee’s possession and the Employee shall not make or retain any duplicates or reproductions of such items. The Employee further agrees that, as a material provision of this Separation Agreement, as of the Retirement Date, the Employee shall have, and represent to have, delivered to the Company all copies of any confidential information of the Company in the Employee’s possession, custody or control, including all copies of any analyses, compilations, studies or other documents in the Employee’s possession, custody or control that contain any such confidential information (whether in electronic or paper form), and that as of the date of Employee’s termination of employment, the Employee shall no longer possess any such Company property or confidential information in any form.

9.            Confidentiality. The Employee acknowledges and agrees that the Employee will keep the terms, amount, and facts of, and any discussions leading up to, this Separation Agreement strictly and completely confidential, and that the Employee will not communicate or otherwise disclose to any employee of the Company (past, present, or future), or to any member of the general public, the terms, amounts, copies, or fact of this Separation Agreement, except as may be required by law or compulsory process; provided, however, that the Employee may make such disclosures to Employee’s tax/financial advisors or legal counsel as long as they agree to keep the information confidential. If asked about any of such matters, to the extent permissible, the Employee’s response shall be that Employee may not discuss any of such matters, except that nothing in this Separation Agreement shall affect the Employee’s rights to engage in activity protected by Section 7 of the National Labor Relations Act. Notwithstanding anything herein to the contrary, nothing in this Section 9 shall: (i) prohibit the Employee from making reports of possible violations of federal law or regulation to any governmental agency or entity in accordance with the provisions of and rules promulgated under Section 21F of the Securities Exchange Act of 1934 or Section 806 of the Sarbanes-Oxley Act of 2002, or of any other whistleblower protection provisions of state or federal law or regulation; or (ii) require notification or prior approval by the Company of any reporting described in clause (i).

The Employee is hereby notified, in accordance with the Defend Trade Secrets Act of 2016, 18 U.S.C. § 1833(b), that: (i) an individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is made in confidence to a federal, state, or local government official, or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law; (ii) an individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal; and (iii) an individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual files any document containing the trade secret under seal and does not disclose the trade secret except pursuant to court order. Notwithstanding anything herein to the contrary, nothing in this Separation Agreement shall: (i) prohibit the Employee from making reports of possible violations of federal law or regulation to any governmental agency or entity in accordance with the provisions of and rules promulgated under Section 21F of the Securities Exchange Act of 1934 or Section 806 of the Sarbanes-Oxley Act of 2002, or of any other whistleblower protection provisions of state or federal law or regulation; or (ii) require notification or prior approval by the Company of any reporting described in clause (i).

 

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In the event of a breach of the confidentiality provisions set forth in this Section 9 of the Separation Agreement by the Employee, the Company may suspend any payments or benefits due under this Separation Agreement pending the outcome of litigation and/or arbitration regarding such claimed breach of this Separation Agreement by the Employee.

10.           Non-Defamation and Non-Disparagement. The Employee shall not at any time, publicly or privately, verbally or in writing, directly or indirectly, make or cause or induce to be made any defaming and/or disparaging, derogatory, misleading or false statement about the Company or its products, or any current or former directors, officers, employees, or agents of the Company, or the business or other related strategy, plans, policies, practices or operations of the Company to any person or entity, including members of the investment community, press, customers, competitors, employees and advisors of the Company. Truthful disclosure to any government agency regarding possible violations of federal law or regulation in accordance with any whistleblower protection provisions of state or federal law or regulation shall not be deemed to violate this paragraph. In the event that the Company believes that the Employee has disparaged the Company, its services, products or any of their current or former affiliates, members, offices, directors, employees or agents, the Company shall notify the Employee of the disparaging remarks and may, in its discretion, request cessation and/or correction of the disparaging remarks, and Employee agrees to meet and confer within five days following receipt of such notification of any disparaging statement. In such meeting, the parties shall use their best efforts to identify a mutually agreeable remedy that will resolve and/or cure any possible harm resulting from the allegedly disparaging statement. If appropriate, the parties shall issue a joint statement that shall cure any disparaging comment.

11.           Consequences of Breach. The Employee acknowledges and agrees that the obligations and responsibilities in this Separation Agreement are reasonable and not unduly restrictive. The Employee further recognizes that damages incurred by the Company as a result of the Employee’s breach of this Separation Agreement will be difficult to measure, that monetary damages will not provide adequate relief, and that in the event of any such breach: (i) the Company shall be entitled to apply for and receive an injunction without bond to restrain any such violation; (ii) the Company shall not be obligated to provide the termination payments or benefits under this Separation Agreement; and (iii) the Employee shall be obligated to pay to the Company its costs and expenses in enforcing its rights.

 

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12.           Severability. The provisions of this Separation Agreement are severable and the invalidity, illegality or unenforceability of any one or more provisions shall not affect the validity, legality or enforceability of any other provision. In the event that a court of competent jurisdiction shall determine that any provision of this Separation Agreement or the application thereof is unenforceable in whole or in part because of the duration or scope thereof, the parties hereto agree that said court in making such determination shall have the power to reduce the duration and scope of such provision to the extent necessary to make it enforceable, and that the Separation Agreement in its reduced form shall be valid and enforceable to the full extent permitted by law.

13.           Waiver. The failure of a party to insist upon strict adherence to any term of this Separation Agreement on any occasion shall not be considered a waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of this Separation Agreement.

14.           Governing Law; Jurisdiction.

(a)           This Separation Agreement shall be subject to, and governed by, the laws of the State of Ohio applicable to contracts made and to be performed therein, without regard to conflict of laws principles thereof.

(b)           Any action to enforce any of the provisions of this Separation Agreement shall be brought in a court of the State of Ohio located in Summit County or in a Federal court located in Cleveland, Ohio. The parties consent to the jurisdiction of such courts and to the service of process in any manner provided by Ohio law. Each Party irrevocably waives any objection which it may now or hereafter have to the laying of the venue of any such suit, action, or proceeding brought in such court and any claim that such suit, action, or proceeding brought in such court has been brought in an inconvenient forum and agrees that service of process in accordance with the foregoing sentences shall be deemed in every respect effective and valid personal service of process upon such Party.

EMPLOYEE ACKNOWLEDGES THAT, BY SIGNING THIS SEPARATION AGREEMENT, HE IS WAIVING ANY RIGHT THAT HE MAY HAVE TO A JURY TRIAL RELATED TO THIS SEPARATION AGREEMENT.

15.           Withholding Taxes. The Company may withhold from any amounts payable under Section 2(a) and 2(b) this Separation Agreement such Federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation.

 

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16.           Entire Agreement. This Separation Agreement contains the entire understanding of the parties with respect to the subject matter hereto and supersedes any and all prior agreements, arrangements and understandings, whether written or oral, between the Parties with respect thereto, including the TPA, except that nothing in this Separation Agreement shall negate or limit the Employee’s obligations under the Code of business Conduct and Ethics. There are no restrictions, agreements, promises, warranties, covenants or undertakings between the parties with respect to the subject matter herein other than those expressly set forth herein. This Agreement may not be altered, modified, or amended except by written instrument signed by the parties hereto. The Employee acknowledges and agrees that he is not relying on any representations or promises by any representative of the Company concerning the meaning of any aspect of this Separation Agreement. This Separation Agreement may not be altered or modified other than in a writing signed by the Employee and an authorized representative of the Company.

17.           Notices. For the purpose of this Separation Agreement, notices and all other communications provided for in the Separation Agreement shall be in writing and shall be deemed to have been duly given when delivered by hand or overnight courier or three days after it has been mailed by United States registered mail, return receipt requested, postage prepaid, addressed to the respective addresses set forth below in this Separation Agreement, or to such other address as either Party may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt.

		If to the Employee:	
To Employee’s last address set forth on the payroll records of the Company.

		If to the Company:	
Sterling Jewelers Inc.

c/o Lynn Dennison

375 Ghent Road

Akron, Ohio 44333

Fax: (330) 664-4379

Attn: Chief Legal, Risk & Corporate Affairs Officer

		with copies to:	
Signet Jewelers Limited

Imperial Place

3 Maxwell Road

Borehamwood WD6 1JN, UK

Attn: Mark A. Jenkins

Weil, Gotshal & Manges LLP

767 Fifth Avenue

New York, NY 10153-0119

Attn: Jeffrey Klein

 

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If notice is mailed, it shall be effective upon mailing, or if notice is personally delivered or sent by telecopy or other electronic facsimile transmission, it shall be effective upon receipt.

18.           Successors and Assigns. This Separation Agreement shall inure to the benefit of and be binding upon personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. In the event of the Employee’s death, all amounts payable hereunder to the Employee that are then unpaid, shall be paid to the Employee’s beneficiary designated by him in writing to the Company or, in the absence of such designation, to Employee’s estate.

19.           Section 409A.

(a)           The intent of the parties is that payments and benefit under this Separation Agreement comply with or be exempt from Section 409A and, accordingly, to the maximum extent permitted, this Separation Agreement shall be interpreted to be in compliance therewith or exempt therefrom, as applicable. If any other payments of money or other benefits due to the Employee hereunder could cause the application of an accelerated or additional tax under Section 409A of the Code, the Company may (i) adopt such amendments to the Separation Agreement, including amendments with retroactive effect, that the Company determines necessary or appropriate to preserve the intended tax treatment of the benefits provided by the Separation Agreement and/or (ii) take such other actions as the Company determines necessary or appropriate to comply with the requirements of Section 409A.

(b)           A termination of employment shall not be deemed to have occurred for purposes of this Separation Agreement providing for the payment of any amounts or benefits that are considered nonqualified deferred compensation under Section 409A upon or following a termination of employment, unless such termination is also a “separation from service” within the meaning of Section 409A and the payment thereof prior to a “separation from service” would violate Section 409A. For purposes of any such provision of this Separation Agreement relating to any such payments or benefits, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” If the Employee is deemed on the date of termination to be a “specified employee” within the meaning of that term under Section 409A(a)(2)(B), then, notwithstanding any other provision herein, with regard to any payment or the provision of any benefit that is considered nonqualified deferred compensation under Section 409A payable on account of a “separation from service,” such payment or benefit shall not be made or provided prior to the date which is the earlier of (A) the expiration of the six-month period measured from the date of such “separation from service” of the Employee, and (B) the date of the Employee’s death (the “Delay Period”). Upon the expiration of the Delay Period, all payments and benefits delayed pursuant to this Section 19(b) (whether they would have otherwise been payable in a single lump sum or in installments in the absence of such delay) shall be paid or reimbursed to the Employee in a lump sum on the first business day following the Delay Period, and any remaining payments and benefits due under this Separation Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein.

 

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(c)           (i) All expenses or other reimbursements as provided herein shall be payable in accordance with the Company’s policies in effect from time to time, but in any event any reimbursements that are non-qualified deferred compensation subject to Section 409A of the Code shall be made on or prior to the last day of the taxable year following the taxable year in which such expenses were incurred by the Employee; (ii) no such reimbursement or expenses eligible for reimbursement in any taxable year shall in any way affect the expenses eligible for reimbursement in any other taxable year; and (iii) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchanged for another benefit.

(d)           For purposes of Section 409A, the Employee’s right to receive any installment payments pursuant to this Separation Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Separation Agreement specifies a payment period with reference to a number of days (e.g., “payment shall be made within thirty days following the date of termination”), the actual date of payment within the specified period shall be within the sole discretion of the Company.

(e)           Nothing contained in this Separation Agreement shall constitute any representation or warranty by the Company regarding compliance with Section 409A. The Company has no obligation to take any action to prevent the assessment of any additional income tax, interest or penalties under Section 409A on any person and the Company, its subsidiaries and affiliates, and each of their employees and representatives shall not have any liability to the Employee with respect thereto.

20.           Knowing and Voluntary Time to Consider and Revoke. The Employee acknowledges that pursuant to Section 5 of this Separation Agreement, Employee is waiving and releasing any rights he may have under the Age Discrimination in Employment Act of 1967 (“ADEA”), and that Employee’s waiver and release of such rights is knowing and voluntary. Employee acknowledges that the consideration given for the ADEA waiver and release under Section 5 is in addition to anything of value to which Employee was already entitled. The Employee further acknowledges that the Employee is advised by this writing that:

(a)           Employee should consult with an attorney prior to executing this Separation Agreement and has had an opportunity to do so;

(b)           Employee has been provided at least twenty-one (21) days within which to consider this Separation Agreement;

(c)           Employee has seven (7) days following Employee’s execution of this Separation Agreement to revoke it, but only by providing written notice of such revocation to the Company in accordance with the “Notice” provision in Section 16 of this Separation Agreement;

 

13

(d)           This Separation Agreement shall not be effective and enforceable until the eighth (8th) day following the Employee execution of this Separation Agreement without revocation.

(e)           the twenty-one (21) day period set forth above shall run from the date Employee receives this Separation Agreement. The Parties agree that any modifications made to this Separation Agreement prior to its execution shall not restart, or otherwise affect, this twenty-one (21) day period.

It is the intention of the Parties in executing this Separation Agreement that this Separation Agreement shall be effective as a full and final accord and satisfaction and release of and from all liabilities, disputes, claims and matters covered under this Separation Agreement, known or unknown, suspected or unsuspected.

21.           Authority. The Employee represents that the Employee has full power and authority to enter into this Separation Agreement, and further represents that entering into this Separation Agreement will not result in a conflict of interest with a party to any pending litigation relating to or against the Company, with attorneys representing a party to any pending litigation relating to or against the Company, or with any governmental or administrative agency.

22.           Counterparts. This Separation Agreement may be executed in counterparts, each of which shall be an original.

[SIGNATURE PAGE FOLLOWS]

 

14

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date set forth above.

	 	
STERLING JEWELERS INC.

	 
	 	 	 	 
	 	
By:

	
/s/ H.T. Stitzer

	 
	 	
Name:  

	
H.T. Stitzer

	 
	 	
Title:

	
Chairman

	 
	 	 	 	 
	 	
EMPLOYEE

	 
	 	 	 	 
	 	
By:

	
/s/ Mark S. Light

	 
	 	 	
Mark S. LightEX-4.4

 Exhibit 4.4 

GENERAL MOTORS FINANCIAL COMPANY, INC., 

as Issuer 
 INDENTURE 

Dated as of                     ,
2017 

[                       
         ], 
 as Trustee 

SUBORDINATED DEBT SECURITIES 

 TABLE OF CONTENTS 

Page 
  

							
	Article 1 DEFINITIONS AND INCORPORATION BY REFERENCE	  	1	 
	 Section 1.01
	 	Definitions	  	 	1	 
	 Section 1.02
	 	Other Definitions	  	 	4	 
	 Section 1.03
	 	Incorporation by Reference of Trust Indenture Act	  	 	4	 
	 Section 1.04
	 	Rules of Construction	  	 	5	 
	 Article 2 SECURITIES
	  	 	5	 
	 Section 2.01
	 	Form and Dating	  	 	5	 
	 Section 2.02
	 	Amount Unlimited; Issuable in Series	  	 	6	 
	 Section 2.03
	 	Execution of Securities and Guarantees	  	 	8	 
	 Section 2.04
	 	Authentication and Delivery of Securities	  	 	8	 
	 Section 2.05
	 	Registrar and Paying Agent	  	 	10	 
	 Section 2.06
	 	Paying Agent to Hold Money in Trust	  	 	10	 
	 Section 2.07
	 	Holder Lists	  	 	10	 
	 Section 2.08
	 	Denomination and Date of Securities; Payments of Interest	  	 	11	 
	 Section 2.09
	 	Transfer and Exchange	  	 	12	 
	 Section 2.10
	 	Replacement Securities	  	 	13	 
	 Section 2.11
	 	Outstanding Securities	  	 	14	 
	 Section 2.12
	 	Treasury Securities	  	 	14	 
	 Section 2.13
	 	Temporary Securities	  	 	14	 
	 Section 2.14
	 	Cancellation	  	 	15	 
	 Section 2.15
	 	CUSIP Numbers	  	 	15	 
	 Section 2.16
	 	Book-Entry Provisions for Global Security	  	 	15	 
	 Section 2.17
	 	Interest Act (Canada)	  	 	16	 
	 Article 3 REDEMPTION
	  	 	16	 
	 Section 3.01
	 	Applicability of Article	  	 	16	 
	 Section 3.02
	 	Election to Redeem	  	 	16	 
	 Section 3.03
	 	Notices to Trustee	  	 	16	 
	 Section 3.04
	 	Selection of Securities to Be Redeemed	  	 	16	 
	 Section 3.05
	 	Notice of Redemption	  	 	17	 
	 Section 3.06
	 	Effect of Notice of Redemption	  	 	18	 
	 Section 3.07
	 	Deposit of Redemption Price	  	 	18	 
	 Section 3.08
	 	Securities Redeemed or Purchased in Part	  	 	18	 
	 Article 4 COVENANTS
	  	 	18	 
	 Section 4.01
	 	Payment of Securities	  	 	18	 
	 Section 4.02
	 	Maintenance of Office or Agency	  	 	18	 
	 Section 4.03
	 	Reports	  	 	19	 

  
 i 

							
	 Section 4.04
	 	Compliance Certificate	  	 	19	 
	 Section 4.05
	 	Appointment to Fill a Vacancy in Office of Trustee	  	 	20	 
	 Section 4.06
	 	Paying Agents	  	 	20	 
	 Section 4.07
	 	Additional Amounts	  	 	20	 
	 Section 4.08
	 	Calculation of Original Issue Discount and Other Amounts	  	 	21	 
	 Article 5 SUCCESSORS
	  	 	21	 
	 Section 5.01
	 	Merger, Consolidation or Sale of Assets	  	 	21	 
	 Section 5.02
	 	Successor Corporation Substituted	  	 	22	 
	 Article 6 DEFAULTS AND REMEDIES
	  	 	22	 
	 Section 6.01
	 	Events of Default	  	 	22	 
	 Section 6.02
	 	Acceleration	  	 	23	 
	 Section 6.03
	 	Other Remedies	  	 	23	 
	 Section 6.04
	 	Waiver of Past Defaults	  	 	24	 
	 Section 6.05
	 	Control by Majority	  	 	24	 
	 Section 6.06
	 	Limitation on Suits	  	 	24	 
	 Section 6.07
	 	Rights of Holders to Receive Payment	  	 	24	 
	 Section 6.08
	 	Collection of Indebtedness and Suit for Enforcement by Trustee	  	 	25	 
	 Section 6.09
	 	Trustee May File Proofs of Claim	  	 	25	 
	 Section 6.10
	 	Priorities	  	 	25	 
	 Section 6.11
	 	Undertaking for Costs	  	 	26	 
	 Section 6.12
	 	Restoration of Rights and Remedies	  	 	26	 
	 Article 7 TRUSTEE
	  	 	26	 
	 Section 7.01
	 	Duties of Trustee	  	 	26	 
	 Section 7.02
	 	Rights of Trustee	  	 	27	 
	 Section 7.03
	 	Individual Rights of Trustee	  	 	28	 
	 Section 7.04
	 	Trustee’s Disclaimer	  	 	28	 
	 Section 7.05
	 	Notice of Defaults	  	 	28	 
	 Section 7.06
	 	Reports by Trustee to Holders of the Securities	  	 	28	 
	 Section 7.07
	 	Compensation and Indemnity	  	 	29	 
	 Section 7.08
	 	Replacement of Trustee	  	 	29	 
	 Section 7.09
	 	Successor Trustee by Merger, etc	  	 	30	 
	 Section 7.10
	 	Eligibility; Disqualification	  	 	30	 
	 Section 7.11
	 	Preferential Collection of Claims Against Company	  	 	30	 
	 Article 8 SATISFACTION AND DISCHARGE OF INDENTURE; DEFEASANCE
	  	 	31	 
	 Section 8.01
	 	Satisfaction and Discharge of Indenture	  	 	31	 
	 Section 8.02
	 	Application of Trust Funds; Indemnification	  	 	31	 
	 Section 8.03
	 	Option to Effect Legal Defeasance or Covenant Defeasance	  	 	32	 
	 Section 8.04
	 	Legal Defeasance and Discharge	  	 	32	 
	 Section 8.05
	 	Covenant Defeasance	  	 	33	 

  
 ii 

							
	 Section 8.06
	 	Conditions to Legal or Covenant Defeasance	  	 	33	 
	 Section 8.07
	 	Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions	  	 	34	 
	 Section 8.08
	 	Repayment to Company	  	 	34	 
	 Section 8.09
	 	Reinstatement	  	 	35	 
	 Article 9 AMENDMENT, SUPPLEMENT AND WAIVER
	  	 	35	 
	 Section 9.01
	 	Without Consent of Holders of Securities	  	 	35	 
	 Section 9.02
	 	With Consent of Holders of Securities	  	 	37	 
	 Section 9.03
	 	Limitations	  	 	38	 
	 Section 9.04
	 	Compliance with Trust Indenture Act	  	 	38	 
	 Section 9.05
	 	Revocation and Effect of Consents	  	 	38	 
	 Section 9.06
	 	Notation on or Exchange of Securities	  	 	39	 
	 Section 9.07
	 	Trustee to Sign Amendments, etc	  	 	39	 
	 Section 9.08
	 	Effect of Supplemental Indenture	  	 	39	 
	 Article 10 GUARANTEES
	  	 	39	 
	 Section 10.01
	 	Applicability of Article	  	 	39	 
	 Section 10.02
	 	Guarantee	  	 	39	 
	 Section 10.03
	 	Limitation on Guarantor Liability	  	 	40	 
	 Section 10.04
	 	Guarantors May Consolidate, etc., on Certain Terms	  	 	41	 
	 Section 10.05
	 	Releases	  	 	41	 
	 Article 11 SECURITY
	  	 	42	 
	 Section 11.01
	 	Security	  	 	42	 
	 Section 11.02
	 	Trustee Compliance with TIA	  	 	42	 
	 Article 12 MISCELLANEOUS
	  	 	42	 
	 Section 12.01
	 	Trust Indenture Act Controls	  	 	42	 
	 Section 12.02
	 	Notices	  	 	42	 
	 Section 12.03
	 	Communication by Holders of Securities with Other Holders of Securities	  	 	43	 
	 Section 12.04
	 	Certificate and Opinion as to Conditions Precedent	  	 	44	 
	 Section 12.05
	 	Statements Required in Certificate or Opinion	  	 	44	 
	 Section 12.06
	 	Rules by Trustee and Agents	  	 	44	 
	 Section 12.07
	 	No Personal Liability of Directors, Officers, Employees and Shareholders	  	 	44	 
	 Section 12.08
	 	Governing Law	  	 	44	 
	 Section 12.09
	 	No Adverse Interpretation of Other Agreements	  	 	45	 
	 Section 12.10
	 	Successors	  	 	45	 
	 Section 12.11
	 	Severability	  	 	45	 
	 Section 12.12
	 	Counterpart Originals	  	 	45	 
	 Section 12.13
	 	Table of Contents, Headings, etc	  	 	45	 
	 Section 12.14
	 	Force Majeure	  	 	45	 

  
 iii 

 CROSS-REFERENCE TABLE* 
  

			
	 Trust Indenture

Act Section
	  	Indenture Section
	310(a)(1)	  	7.10
	      (a)(2)	  	7.10
	      (a)(3)	  	N.A.
	      (a)(4)	  	N.A.
	      (a)(5)	  	7.10
	      (b)	  	7.10
	      (c)	  	N.A.
	311(a)	  	7.11
	      (b)	  	7.11
	      (c)	  	N.A.
	312(a)	  	2.07
	      (b)	  	12.03
	      (c)	  	12.03
	313(a)	  	7.06
	      (b)(1)	  	7.06
	      (b)(2)	  	7.06; 7.07
	      (c)	  	7.06; 12.02
	      (d)	  	7.06
	314(a)	  	4.03; 12.02; 12.05
	      (b)	  	11.02
	      (c)(1)	  	11.02; 12.04
	      (c)(2)	  	11.02; 12.04
	      (c)(3)	  	11.02
	      (d)	  	11.02
	      (e)	  	12.05
	      (f)	  	N.A.
	315(a)	  	7.01
	      (b)	  	7.05; 12.02
	      (c)	  	7.01
	      (d)	  	7.01
	      (e)	  	6.11
	316(a) (last sentence)	  	2.12
	      (a)(1)(A)	  	6.05
	      (a)(1)(B)	  	6.04
	      (a)(2)	  	N.A.
	      (b)	  	6.07
	      (c)	  	2.08
	317(a)(1)	  	6.08
	      (a)(2)	  	6.09
	      (b)	  	2.06

  

N.A. means not applicable. 
 * This Cross Reference Table is not
part of the Indenture. 

  
 i 

 INDENTURE dated as of
                    , 2017 by and among General Motors Financial Company, Inc., a Texas corporation (the “Company”), and
[                            ], as trustee. 

WHEREAS, the Company has duly authorized the issuance from time to time of its subordinated debentures, notes or other evidences of
indebtedness (the “Securities”) to be issued in one or more Series (as defined herein) up to such principal amount or amounts as may from time to time be authorized in accordance with the terms of this Indenture and to provide,
among other things, for the authentication, delivery and administration thereof, and the Company has duly authorized the execution and delivery of this Indenture; and 

WHEREAS, all things necessary to make this Indenture a valid indenture and agreement of the Company according to its terms have been done.

 NOW, THEREFORE: 
 In
consideration of the premises and the purchases of the Securities by the Holders (as defined herein) thereof, the Company and the Trustee mutually covenant and agree for the equal and proportionate benefit of the respective Holders from time to time
of the Securities as follows. 
 ARTICLE 1 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or
under direct or indirect common control with such specified Person. For purposes of this definition, “control,” as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. For purposes of this definition, the terms “controlling,” “controlled by” and “under
common control with” have correlative meanings. 
 “Agent” means any Registrar, co-registrar, Paying
Agent or additional paying agent. 
 “Bankruptcy Law” means Title 11, U.S. Code or any similar federal
or state law for the relief of debtors. 
 “Board of Directors” means, when used with respect to the Company,
the board of directors of the Company or any committee of that board duly authorized to act generally or in any particular respect for the Company hereunder or, when used with respect to any Guarantor, the board of directors of such Guarantor or any
committee of that board duly authorized to act generally or in any particular respect for such Guarantor hereunder. 

“Business Day” means any day other than a Saturday, a Sunday or a day on which banking institutions in the City of New
York or at a Place of Payment are authorized or obligated by law, regulation or executive order to remain closed. 

“Capital Stock” means (i) in the case of a corporation, corporate stock, (ii) in the case of an association
or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock, (iii) in the case of a partnership or limited liability company, partnership or membership interests
(whether general or limited) and (iv) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Company” means General Motors Financial Company, Inc., a Texas corporation, and any and all successors thereto.

 “Company Order” means a written order signed in the name of the Company by an Officer thereof. 

  
 1 

 “continuing” means, with respect to any Default or Event of Default, that
such Default or Event of Default has not been cured or waived. 
 “Corporate Trust Office of the Trustee”
will be at the address of the Trustee specified in Section 12.02 hereof or such other address as to which the Trustee may give notice to the Company. 

“Custodian” means the Trustee, as custodian with respect to the Securities in global form, or any successor entity
thereto. 
 “Default” means any event that is, or with the passage of time or the giving of notice or both
would be, an Event of Default. 
 “Depositary” means, with respect to the Securities issuable or issued in
whole or in part in global form, the Person specified in Section 2.02 hereof as the Depositary with respect to the Securities, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to the
applicable provision of this Indenture. 
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended. 
 “GAAP” means generally accepted accounting principles set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been
approved by a significant segment of the accounting profession, which are in effect from time to time and consistently applied. 

“Government Securities” means securities that are: (i) direct obligations of the United States for the payment of
which its full faith and credit is pledged; (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States the payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States, which, in either case under clauses (i) and (ii) of this definition, are not callable or redeemable at the option of the issuers thereof; or (iii) depository receipts issued by a bank or trust company
as custodian with respect to any such U.S. Government Securities or a specific payment of interest on or principal of any such U.S. Government Securities 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 depository receipt from any amount received by the custodian in respect of the U.S.
Government Security evidenced by such depository receipt. 
 “Guarantee” means any guarantee of any
Securities by a Guarantor as contemplated by Article 10; provided that the term “Guarantee,” when used with respect to the Securities of any Series means a guarantee of such Securities of such
Series by a Guarantor of such Securities of such Series as contemplated by Article 10. 

“Guarantor” means each Subsidiary of the Company designated as such in accordance with the terms hereof. 

“Guarantor Order” means a written order signed in the name of the Guarantor by an Officer thereof. 

“Holder,” “Holder of Securities” or other similar terms means a Person in whose name a Security is
registered in the Securities Register. 
 “Indebtedness” means, with respect to any Person, any indebtedness
of such Person in respect of borrowed money or evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in respect thereof), except any such balance that constitutes an accrued expense or trade
payable, if and to the extent any of the foregoing indebtedness (other than letters of credit) would appear as a liability upon a balance sheet of such Person prepared in accordance with GAAP. 

“Indenture” means this Indenture, as amended or supplemented from time to time. 

  
 2 

 “Lien” means, with respect to any asset, any mortgage, lien, pledge,
charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law (including any conditional sale or other title retention agreement, any lease in the nature
thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction). 

“Non-U.S. Person” means a Person who is not a U.S. person as defined in Rule 902(k) under the Securities Act.

 “Officer” means, with respect to any Person, the Chairman of the Board, the Chief Executive Officer, the
Chief Operating Officer, Chief Financial Officer, the Chief Accounting Officer, the President, any Executive Vice President, Senior Vice President or Vice President, the Treasurer, any Assistant Treasurer, the Controller, any Assistant Controller
and the Secretary or any Assistant Secretary of such Person. 
 “Officer’s Certificate” means a
certificate signed on behalf of the Company or Guarantor, as applicable, by the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Company or Guarantor, as applicable, that meets
the requirements of Section 12.05 hereof. 
 “Opinion of Counsel” means an opinion from legal counsel
who is reasonably acceptable to the Trustee, that meets the requirements of Section 12.05 hereof. The counsel may be an employee of or counsel to the Company, any Subsidiary of the Company or the Trustee. 

“Original Issue Discount” with respect to any Security, including an Original Issue Discount Security, has the same
meaning as set forth in Section 1373 of the Code, or any successor provision, and the applicable regulations of the United States Department of the Treasury promulgated thereunder. 

“Original Issue Discount Security” means any Security which 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 6.02. 

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

“Place of Payment” when used with respect to the Securities of any Series, shall mean the place or places where the
principal of (and premium, if any, on) and interest, if any, on the Securities of that Series are payable, as specified as contemplated by Section 2.02. 

“Responsible Officer,” when used with respect to the Trustee, means any Officer within the Corporate
Trust Office of the Trustee (or any successor group of the Trustee) or any other Officer of the Trustee customarily performing functions similar to those performed by any of the above designated Officers and also means, with respect to a particular
corporate trust matter, any other Officer to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject. 

“SEC” means the United States Securities and Exchange Commission. 

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

“Security” or “Securities” has the meaning stated in the first recital of this Indenture, or, as the
case may be, Securities that have been authenticated and delivered under this Indenture. 
 “Series” or
“Series of Securities” means a series of Securities and, except in Sections 2.02 and 2.12 and Articles 6, 7, and 12, the terms “Series” or “Series of Securities” shall also mean a Tranche in the event
that the applicable Series may be issued in separate Tranches. 

  
 3 

 “Subsidiary” means, with respect to any Person, (i) 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), (ii) any business trust in respect to which such Person or one or more of the other
Subsidiaries of that Person (or a combination hereof) is the beneficial owner of the residual interest, and (iii) any partnership (a) the sole general partner or the managing general partner of which is such Person or a Subsidiary of such
Person or (b) the only general partners of which are such Person or of one or more Subsidiaries of such Person (or any combination thereof). 

“TIA” means the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb). 

“Tranche” means all Securities of the same Series which have the same issue date, maturity date, interest rate or
method of determining interest, and, in the case of Original Issue Discount Securities, which have the same issue price. 

“Trustee” means [            ], until a successor replaces
it in accordance with the applicable provisions of this Indenture and thereafter means the successor serving thereunder. 

“United States” means the fifty states constituting the United States of America, its territories, its possessions and
other areas subject to its jurisdictions as of the date of this Indenture. 
 “Voting Stock” means equity
interests of the Company entitling the holders thereof to vote generally in the election of members of the Board of Directors of the Company. 

Section 1.02 Other Definitions 
  

			
	 Term
	  	Defined in Section
	 “Additional Amounts”
	  	4.07
	 “Agent Members”
	  	2.16
	 “Authentication Order”
	  	2.04
	 “Covenant Defeasance”
	  	8.05
	 “Event of Default”
	  	6.01
	 “Global Security”
	  	2.02
	 “Legal Defeasance”
	  	8.04
	 “Paying Agent”
	  	2.05
	 “Payment Default”
	  	6.01
	 “Registrar”
	  	2.05
	 “Securities Register”
	  	2.09

 Section 1.03 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: 

“indenture securities” means the Securities; 

“indenture securityholder” means a Holder of a Security; 

“indenture to be qualified” means this Indenture; 

  
 4 

 “indenture trustee” or “institutional trustee” means the
Trustee; and 
 “obligor” on the Securities of any Series and the Guarantees means the Company and any
Guarantors, respectively, and any successor obligor upon the Securities of any Series and the Guarantees, respectively. 
 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 have the meanings so assigned to them. 

Section 1.04 Rules of Construction. 

Unless the context otherwise requires: 

(a) a term has the meaning assigned to it; 

(b) “or” is not exclusive; 

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

(d) “will” shall be interpreted to express a command; 

(e) provisions apply to successive events and transactions; and 

(f) references to sections of or rules under the Securities Act will be deemed to include substitute, replacement or successor sections
or rules adopted by the SEC from time to time. 
 ARTICLE 2 

SECURITIES 
 Section 2.01
Form and Dating. 
 The Securities of each Series and the Trustee’s certificate of authentication will be
substantially in the form (not inconsistent with this Indenture) as shall be established by or pursuant to a resolution of the Board of Directors and set forth in an Officer’s Certificate of the Company or in one or more indentures supplemental
hereto, and any Guarantee by any Guarantor endorsed on or attached to any Security issued pursuant to this Indenture shall be substantially in such form (not inconsistent with this Indenture) as shall be established by or pursuant to such a
resolution of such applicable Guarantor’s Board of Directors and set forth in an Officer’s Certificate of such Guarantor, or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions,
substitutions and other variations as are required or permitted by this Indenture or any indenture supplemental hereto (the provisions of which shall be appropriate to reflect the terms of each Series of Securities and may have imprinted or
otherwise reproduced thereon such legend or legends, not inconsistent with the provisions of this Indenture or any indenture supplemental hereto, as may be required to comply with any law or with any rules or regulations pursuant thereto, or
with any rules of any securities exchange or to conform to general usage, all as may be determined by the Officers executing such Securities as evidenced by their execution of the Securities). 

The definitive Securities, and any Guarantee endorsed thereon or attached thereto, shall be printed, or may be produced in any other manner,
all as determined by the Officers executing such Securities as evidenced by their execution of such Securities and, if any such Guarantee is executed by a Guarantor, by the Officers of such Guarantor executing such Guarantee, as evidenced by their
execution of any such Guarantee. 
 Anything herein to the contrary notwithstanding, there shall be no requirement that any Security have
endorsed thereon or attached thereto a Guarantee or a notation of a Guarantee, but such a Guarantee or notation of a Guarantee may be endorsed thereon or attached thereto as contemplated by this Section 2.01. 

  
 5 

 Section 2.02 Amount Unlimited; Issuable in Series. 

The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 

The Securities may be issued in one or more Series. There shall be established in or pursuant to a resolution of the Board of Directors
and set forth in an Officer’s Certificate of the Company, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any Series: 

(a) the title and ranking of the Securities of the Series (which title shall distinguish the Securities of the Series from all other
Securities issued by the Company); 
 (b) the terms governing the subordination of the Securities to senior indebtedness of the Company and
any provisions related thereto; 
 (c) any limit upon the aggregate principal amount of the Securities of the Series that may be
authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series pursuant to Sections 2.09, 2.10 or 2.13 or
Article 3); 
 (d) if other than 100% of its aggregate principal amount, the percentage of the aggregate principal amount at which the
Securities of the Series will be offered; 
 (e) the date or dates (whether fixed or extendable) on which the principal and premium, if
any, of the Securities of the Series is payable; 
 (f) the rate or rates, which may be fixed or variable, at which the Securities of
the Series shall bear interest, if any, the date or dates from which such interest shall accrue, the interest payment dates on which such interest shall be payable, the basis upon which interest shall be calculated if other than that of a
360-day year consisting of twelve 30-day months and the record dates for the determination of Holders to whom interest is payable; 
 (g)
any provisions relating to the issuance of the Securities of the Series at an Original Issue Discount; 
 (h) the place or places where
the principal and premium, if any, of and interest on Securities of the Series shall be payable (if other than as provided elsewhere in this Indenture); 

(i) whether any of such Securities are to be redeemable at the option of the Company, and if so, the price or prices at which, the period or
periods within which and the terms and conditions upon which Securities of the Series may be so redeemed, in whole or in part, at the option of the Company, pursuant to any sinking fund or otherwise; 

(j) if other than 100% of the aggregate principal amount thereof, the portion of the principal amount of the Securities of the
Series which shall be payable upon declaration of acceleration of the maturity date thereof pursuant to Section 6.02 or provable in bankruptcy pursuant to Section 6.09; 

(k) if other than currency of the United States of America, the currency or currencies, including composite currencies, in which the principal
of or any premium or interest on the Securities of the Series shall be payable and the manner of determining the equivalent of such amount in U.S. Dollars is to be determined for any purpose, including for the purpose of determining the principal
amount of such Series deemed to be outstanding at any time; 

  
 6 

 (l) the obligation, if any, of the Company to redeem, purchase or repay Securities of the
Series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof, and the price or prices, at which, and the period or periods within which, and the terms and conditions upon which Securities of the
Series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation (including, without limitation, the terms or method of payment thereof if other than cash), and any provision for the remarketing of the Securities;

 (m) if other than denominations of $1,000 and any integral multiple thereof, the denominations in which Securities of the
Series shall be issuable; 
 (n) whether the Securities of the Series will be certificated and, if so, the form of the Securities,
including such legends as required by law or as the Company deems necessary or appropriate, the form of any temporary global security which may be issued; 

(o) whether Securities of the Series are issuable in Tranches; 

(p) if other than the Trustee, any trustees, authenticating or Paying Agents, transfer agents or registrars or any other agents with respect
to the Securities of such Series; 
 (q) if the Securities of such Series do not bear interest, the applicable dates for purposes of
Section 4.01 hereof; 
 (r) 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 6.02; 

(s) if the amount of payments of principal of, and make-whole amount, if any, and interest on, the Securities of the Series may be
determined with reference to an index, the manner in which such amounts shall be determined; 
 (t) any deletions from, modifications of or
additions to any other affirmative or negative covenants with respect to the Securities of such Series; 
 (u) whether the Securities of
such Series shall be issued in whole or in part in the global form of one or more Securities (a “Global Security”) and in such case, (i) the Depositary for such Securities, which Depositary must be a clearing agency
registered under the Exchange Act; (ii) the circumstances under which any such Global Securities may be exchanged for Global Securities registered in the name of, and under which any transfer of such Global Securities may be registered in the
name of, any Person other than such Depositary or its nominee, if other than as set forth in Section 2.16; and (iii) any other provisions regarding such Global Securities which provisions may be in addition to or in lieu of, in whole or in
part, the provisions of Section 2.16; 
 (v) whether and under what circumstances the Company will pay Additional Amounts as
contemplated by Section 4.07 on the Securities of the Series to any Holder who is a Non-U.S. Person (including any modification to the definition of such term) in respect of any tax, assessment or governmental charge and, if so, whether
the Company will have the option to redeem such Securities rather than pay such Additional Amounts (and the terms of any such option); 

(w) whether the Securities of the Series, in whole or in specified part, will not be defeasible pursuant to Section 8.04 or 8.05, or both
such Sections, and, if the Securities may be defeased, in whole or in specified part, pursuant to either or both such Sections, any provisions to permit a pledge of obligations other than Government Securities (or the establishment of other
arrangements) to satisfy the requirements of Section 8.06 for defeasance of the Securities and, if other than by a resolution of the Board of Directors of the Company, the manner in which any election by the Company to defease the Securities
will be evidenced; 
 (x) if the Securities of such Series are to be guaranteed by any Guarantors, the names of any Guarantors of the
Securities of such Series and the terms of the Guarantees of the Securities of such Series, including any deletions from, or modifications of or additions to, the provisions of Article 10 or any other provisions of this Indenture in
connection therewith; 

  
 7 

 (y) whether the Securities of such Series are to be secured by any property, assets or other
collateral and, if so, the applicable collateral, any deletions from, modifications of or additions to the provisions of Article 11; and 

(z) any other terms or conditions upon which the Securities of the Series are to be issued (which terms shall not be inconsistent with
the provisions of this Indenture). 
 If the Securities of any Series are to be guaranteed by any Guarantor pursuant to
Article 10, there shall be established in or pursuant to one or more resolutions of such Guarantor’s Board of Directors and set forth in an Officer’s Certificate of such Guarantor, or established in one or more indentures supplemental
hereto, prior to the issuance of such Securities, the terms of the Guarantee by such Guarantor with respect to such Securities, which terms may differ from those set forth in Article 10. 

All Securities of any one Series shall be substantially identical except as to denomination, except as provided in the immediately
succeeding paragraph, and except as may otherwise be provided in or pursuant to such resolution of the Board of Directors of the Company or in any such indenture supplemental hereto. All Securities of any one Series need not be issued at
the same time, and unless otherwise provided, a Series may be reopened, without the consent of the Holders, for issuances of additional Securities of such Series or to establish additional terms of such Series of Securities (which
additional terms shall only be applicable to unissued or additional Securities of such Series). 
 Each Series may be issued in one or
more Tranches. Except as provided in the foregoing paragraph, all Securities of a Tranche shall have the same issue date, maturity date, interest rate or method of determining interest, and, in the case of Original Issue Discount Securities,
the same issue price. 
 Section 2.03 Execution of Securities and Guarantees. 

At least one Officer must sign the Securities and, if any Guarantee is to be endorsed on or attached to any Securities, and if such Guarantee
provides for the execution thereof by the applicable Guarantor (it being understood and agreed that any such Guarantee may, but need not, provide for execution by the applicable Guarantor), such Guarantee, for the Company or such Guarantor, as
applicable, by manual or facsimile signature. Typographical and other minor errors or defects in any such reproduction of any such signature shall not affect the validity or enforceability of any Security or any Guarantee that has been duly
authenticated and delivered by the Trustee. If an Officer whose signature is on a Security or any Guarantee no longer holds that office at the time a Security or any Guarantee, if any, is authenticated, the Security or any Guarantee will
nevertheless be valid. A Security or any Guarantee will not be valid until authenticated by the manual signature of the Trustee. The signature will be conclusive evidence that the Security or any Guarantee has been authenticated under this
Indenture. 
 The Trustee may appoint an authenticating agent acceptable to the Company to authenticate any Securities or any Guarantees, if
any. An authenticating agent may authenticate Securities or any Guarantees, if any, 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 Holders or an Affiliate of the Company. 
 Section 2.04 Authentication and
Delivery of Securities. 
 At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver
Securities of any Series, together with, if the terms of such Securities provide for the endorsement thereon or attachment thereto of any Guarantees by any Guarantors, such Guarantees endorsed thereon or attached thereto and, if such terms so
provide, executed by such Guarantors, to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver such Securities with any such Guarantees endorsed thereon or attached thereto, to or upon the written order of the
Company or such Guarantors, signed by any Officer of the Company, and if 

  
 8 

 applicable, such Guarantors (an “Authentication Order”). In authenticating such
Securities appertaining thereto, with any such Guarantees endorsed thereon or attached thereto, and accepting the additional responsibilities under this Indenture in relation to such Securities and Guarantees, the Trustee shall be entitled to
receive and (subject to Section 7.01) shall be fully protected in relying upon: 
 (a) a certified copy of any resolution or
resolutions of the Company’s Board of Directors or any Guarantor’s Board of Directors authorizing the action taken pursuant to the resolution or resolutions delivered under clause (b) of this Section 2.04; 

(b) a copy of any resolution or resolutions of the Company’s Board of Directors relating to such Series or any resolution or
resolutions of each applicable Guarantor’s Board of Directors relating to such Guarantor’s Guarantee, in each case, certified by the secretary or an assistant secretary of the Company or Guarantor, as applicable; 

(c) an executed supplemental indenture, if any; 

(d) an Officer’s Certificate of the Company setting forth the form and terms of the Securities of such Series as required pursuant
to Sections 2.01 and 2.02, respectively, and prepared in accordance with Sections 12.04 and 12.05; 
 (e) an Officer’s Certificate of
each applicable Guarantor setting forth the form and terms of such Guarantor’s Guarantee of such Series as required pursuant to Sections 2.01 and 2.02, respectively, and prepared in accordance with Sections 12.04 and 12.05; 

(f) at the option of the Company, either an Opinion of Counsel, prepared in accordance with Sections 12.04 and 12.05, or a letter addressed to
the Trustee allowing the Trustee to rely on an Opinion of Counsel, substantially to the effect that: 
 (1) the form or
forms and terms of such Securities have been established by or pursuant to a resolution of the Board of Directors of the Company or by a supplemental indenture as permitted by Sections 2.01 and 2.02 in conformity with the provisions of this
Indenture; and 
 (2) such Securities have been duly authorized, and, when authenticated and delivered by the Trustee and
issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and binding obligations of the Company enforceable in accordance with their terms, subject to applicable bankruptcy,
insolvency, reorganization or other laws relating to or affecting the enforcement of creditors’ rights and by general equitable principles, regardless of whether such enforceability is considered in a proceeding in equity or at law; 

(g) at the option of each applicable Guarantor, either an Opinion of Counsel, prepared in accordance with Sections 12.04 and 12.05, or a
letter addressed to the Trustee allowing the Trustee to rely on an Opinion of Counsel, substantially to the effect that: 

(1) the form or forms and terms of such Guarantor’s Guarantee, if any, have been duly established by or pursuant to a
resolution of such Guarantor’s Board of Directors or by a supplemental indenture as permitted by Sections 2.01 and 2.02 in conformity with the provisions of this Indenture; and 

(2) such Guarantee, if any, has been duly authorized, and, when such Securities with such Guarantee endorsed thereon or
attached thereto are authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, such Guarantee will constitute a valid and binding obligation of such
Guarantor enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization or other laws relating to or affecting the enforcement of creditors’ rights and by general equitable principles, regardless of
whether such enforceability is considered in a proceeding in equity or at law; 

  
 9 

 provided, however, that in the case of any Series issuable in Tranches, if the Trustee has previously
received the documents referred to in Section 2.04(a)-(g) with respect to such Series, the Trustee shall authenticate and deliver Securities of such Series executed and delivered by the Company and, if required, any Guarantor of any
Guarantee endorsed thereon or attached thereto, for original issuance upon receipt by the Trustee of an Authentication Order. 
 The Trustee
shall have the right to decline to authenticate and deliver any Securities under this Section if the Trustee, being advised by counsel, determines that such Securities may not lawfully be issued by the Company, or, if the terms of such
Securities provide for the endorsement thereon or attachment thereto of any Guarantees by any Guarantors, that any such Guarantee may not lawfully be made, or if the issue of such Securities pursuant to this Indenture will affect the Trustee’s
own rights, duties or immunities under this Indenture in a manner not reasonably acceptable to the Trustee. 
 Notwithstanding the
foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 2.14, together with a
written statement (which need not comply with Sections 12.04 and 12.05 and need not be accompanied by an Opinion of Counsel) stating that such Security has never been issued and sold by the Company, for all purposes of this Indenture such Security
shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 
 Section 2.05
Registrar and Paying Agent. 
 The Company will maintain an office or agency where Securities may be presented for
registration of transfer or for exchange pursuant to Section 2.09 hereof (“Registrar”) and an office or agency where Securities may be presented for payment (“Paying Agent”). The Registrar will keep a
register of the Securities and of their transfer and exchange. The Company may appoint one or more co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrar and the term “Paying
Agent” includes any additional paying agent. The Company may change any Paying Agent or Registrar without notice to any Holder. The Company will notify the Trustee in writing of the name and address of any Agent not a party to this
Indenture. If the Company fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Company or any of its Subsidiaries may act as Paying Agent or Registrar. 

The Company initially appoints the Trustee to act as the Registrar and Paying Agent and to act as Custodian with respect to any Global
Securities. 
 Section 2.06 Paying Agent to Hold Money in Trust. 

The Company will require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust for the benefit
of Holders of the Securities of any Series or the Trustee all money held by the Paying Agent for the payment of principal of, premium on, if any, and interest on, if any, the Securities of any Series and will notify the Trustee 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) will have no further liability for the money. If the Company or a Subsidiary acts as Paying Agent, it will segregate
and hold in a separate trust fund for the benefit of the Holders of the Securities of any Series all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee will serve as
Paying Agent for the Securities of any Series. 
 Section 2.07 Holder Lists. 

The Trustee will preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of
all Holders and shall otherwise comply with TIA §312(a). If the Trustee is not the Registrar, the Company will furnish to the Trustee at least seven Business 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 the Holders and the Company shall otherwise comply with TIA §312(a). 

  
 10 

 Section 2.08 Denomination and Date of Securities; Payments of Interest. 

The Securities of any Series shall be issuable in definitive registered form without coupons and in such denominations as shall be
specified as contemplated by Section 2.02. In the absence of any such specification with respect to the Securities of any Series, the Securities of such Series shall be issuable in denominations of $1,000 and any multiple thereof, and
interest shall be computed on the basis of a 360-day year of twelve 30-day months. The Securities of any Series shall be numbered, lettered, or otherwise distinguished in such manner or in accordance with such plan as the Officers of the
Company executing the same may determine with the approval of the Trustee as evidenced by the execution and authentication thereof. 
 Each
Security shall be dated the date of its authentication, shall bear interest from the date and shall be payable on the dates, in each case, which shall be specified as contemplated by Section 2.02. 

Interest on any Security which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the
Person in whose name that Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for the payment of such interest. 

The term “record date” as used with respect to any interest payment date (except for a date for payment of defaulted interest) shall
mean the date specified as such in the terms of the Securities of any Series, or, if no such date is so specified, if such interest payment date is the first day of a calendar month, the close of business on the fifteenth day of the next preceding
calendar month or, if such interest payment date is the fifteenth day of a calendar month, the close of business on the first day of such calendar month, whether or not such record date is a Business Day. 

Any interest on any Security of any Series which is payable, but is not punctually paid or duly provided for, on any interest payment
date (called “defaulted interest” for the purpose of this Section 2.08) shall forthwith cease to be payable to the registered Holder on the relevant record date by virtue of his or her having been such Holder; and such defaulted
interest may be paid by the Company, at its election in each case, as provided in clause (a) or clause (b) below: 
 (a) The
Company may elect to make payment of any defaulted interest to the Persons in whose names any such Securities (or their respective predecessor Securities) are registered at the close of business on a special record date for the payment of such
defaulted interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of defaulted interest proposed to be paid on each Security of such Series and the date of the proposed payment,
and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such defaulted interest or shall make arrangements satisfactory to the Trustee for such deposit prior
to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such defaulted interest as in this clause provided. Thereupon the Trustee shall fix a special record date for the
payment of such defaulted interest in respect of Securities of such Series which shall be not more than 15 nor less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice
of the proposed payment. The Trustee shall promptly notify the Company of such special record date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such defaulted interest and the special record
date thereof to be mailed, first class postage prepaid, to each Holder at his or her address as it appears in the Security register, not less than 10 days prior to such special record date. Notice of the proposed payment of such defaulted
interest and the special record date therefor having been mailed as aforesaid, such defaulted interest in respect of Securities of such Series shall be paid to the Person in whose names such Securities (or their respective predecessor
Securities) are registered on such special record date and such defaulted interest shall no longer be payable pursuant to the following clause (b). 

(b) The Company may make payment of any defaulted interest on the Securities of any Series in any other lawful manner not inconsistent
with the requirements of any securities exchange on which the Securities of that Series may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment
pursuant to this clause, such payment shall be deemed practicable by the Trustee. 

  
 11 

 Subject to the foregoing provisions of this Section 2.08, each Security delivered under this
Indenture upon transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 

Section 2.09 Transfer and Exchange. 

(a) Transfer and Exchange of Securities. 

(1) The Company shall cause to be kept at the Corporate Trust Office of the Trustee a register (the register maintained in
such office and in any other office or agency designated pursuant to Sections 2.05 and 4.02 being herein sometimes collectively referred to as the “Securities Register”) in which, subject to such reasonable regulations as it may
prescribe, the Company shall provide for the registration of Securities and of transfers of Securities. The Trustee is hereby appointed “Registrar” for the purposes of registration and transfer of Securities as herein provided. 

(2) Upon surrender for registration of transfer of any Securities of any Series at an office or agency of the Company
designated pursuant to Sections 2.05 and 4.02 for such purpose, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of such Series of any
authorized denominations, of a like aggregate principal amount. 
 (3) At the option of the Holder, Securities of any
Series may be exchanged for other Securities of the same Series, of any authorized denominations, of a like aggregate principal amount, upon surrender of the Securities of such Series to be exchanged at such office or agency, and upon
payment, if the Company shall so require, of the charges hereinafter provided. Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making
the exchange is entitled to receive. 
 (b) General Provisions Relating to Transfers and Exchange. 

(1) To permit registrations of transfers and exchanges, the Company will execute and the Trustee with authenticate, Securities
upon receipt of an Authentication Order in accordance with Section 2.04 hereof or at the Registrar’s request. 

(2) No service charge will be made to a Holder of a beneficial interest in a Security for any registration of transfer or
exchange, 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 taxes or similar governmental charge payable upon exchange or
transfer pursuant to Sections 2.09, 2.13 and 9.06 and Article 3 hereof). 
 (3) The Registrar will not be required to
register the transfer of or exchange of any Security selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 

(4) Every Security presented or surrendered for registration of transfer or exchange shall (if so required by the Company, any
applicable Guarantor or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed, by the Holder thereof or his or her attorney duly authorized in writing.

 (5) All Securities issued upon any registration of transfer or exchange will be the valid obligations of the Company,
evidencing the same debt, and shall be entitled to the same benefits under this Indenture and the applicable Guarantees, as the Securities surrendered upon such registration of transfer or exchange. 

  
 12 

 (6) Neither the Registrar nor the Company will be required to: 

(A) issue, to register the transfer of or to exchange any Securities during a period beginning at the opening of business 15
days before the day of any selection of Securities of such Series for redemption under Article 3 hereof and ending at the close of business on the day of selection; 

(B) register the transfer of or to exchange any Security selected for redemption in whole or in part, except the unredeemed
portion of any Security being redeemed in part; or 
 (C) register the transfer of or to exchange a Security between a
record date and the next succeeding interest payment date. 
 (7) Prior to due presentment for the registration of a
transfer of any Security, the Trustee, any Agent and the Company may deem and treat the Person in whose name any Security is registered as the absolute owner of such Security for the purpose of receiving payment of principal of and interest on such
Security and for all other purposes, and none of the Trustee, any Agent or the Company shall be affected by notice to the contrary. 

(8) The Trustee will authenticate Securities in accordance with Section 2.04 hereof. 

(9) Any Holder of a Global Security shall, by acceptance of such Global Security, agree that transfers of beneficial interests
in such Global Security may be effected only through a book entry system maintained by the Holder of such Global Security (or its agent), and that ownership of a beneficial interest in the Security shall be required to be reflected in a book entry.

 (10) All certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this
Section 2.09 to effect a registration of transfer or exchange may be submitted by facsimile. 
 Section 2.10 Replacement Securities. 

If any mutilated Security is surrendered to the Trustee or the Company and the Trustee receives evidence to its satisfaction of the
destruction, loss or theft of any Security, the Company will issue and the Trustee, upon receipt of an Authentication Order, will authenticate a replacement Security of the same Series, bearing a number not contemporaneously outstanding, if the
Trustee’s requirements are met. If required by the Trustee or the Company, an indemnity bond must be supplied by the Holder thereof that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any
Agent and any authenticating agent from any loss that any of them may suffer if a Security is replaced. The Company may charge for its expenses in replacing a Security. 

Upon the issuance of any replacement Security, the Company may require the payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. In case any Security which has matured or is about to mature or has been called for redemption in full
shall become mutilated or defaced or be destroyed, lost or stolen, the Company may, instead of issuing a replacement Security, pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated or defaced
Security), if the applicant for such payment shall furnish to the Company and to the Trustee and any agent of the Company or the Trustee such security or indemnity as any of them may require to save each of them harmless, and, in every case of
destruction, loss or theft, the applicant shall also furnish to the Company and the Trustee and any agent of the Company or the Trustee evidence to their satisfaction of the destruction, loss or theft of such Security and of the ownership thereof.

  
 13 

 Every replacement Security is an additional obligation of the Company and will be entitled to all
of the benefits of this Indenture equally and proportionately with all other Securities of the same Series duly issued hereunder. 
 Section 2.11
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 in a Global Security effected by the Trustee in accordance with the provisions hereof, and those described in this Section 2.11 as not
outstanding. Except as set forth in Section 2.12 hereof, a Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security. 

If a Security is replaced pursuant to Section 2.10 hereof, it ceases to be outstanding unless the Trustee receives proof satisfactory to
it that the replaced Security is held by a bona fide purchaser. 
 If the principal amount of any Security is considered paid under
Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. 
 If the Paying Agent (other than the Company, a
Subsidiary or an Affiliate of any thereof) holds, on a redemption date or maturity date, money sufficient to pay Securities payable on that date, then on and after that date such Securities will be deemed to be no longer outstanding and will cease
to accrue interest. 
 Section 2.12 Treasury Securities. 

In determining whether the Holders of the required principal amount of Securities of such Series have concurred in any direction, waiver
or consent, Securities of such Series owned by the Company or any Guarantor, or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any Guarantor, will be considered
as though not outstanding, except that for the purposes of determining whether the Trustee will be protected in relying on any such direction, waiver or consent, only Securities of such Series that the Trustee knows are so owned will be so
disregarded. 
 Section 2.13 Temporary Securities. 

Until certificates representing the Securities are ready for delivery the Company, and, if applicable, any applicable Guarantors, may prepare
and execute, and the Trustee, upon receipt of an Authentication Order, will authenticate and deliver, temporary Securities for such Series (printed, lithographed, typewritten or otherwise reproduced, in each case in form satisfactory to the
Trustee). Temporary Securities of any Series may be issued in any authorized denomination and substantially in the form of the definitive Securities of such Series but with such omissions, insertions and variations as may be
appropriate for temporary Securities, all as may be determined by the Company with the concurrence of the Trustee. Temporary Securities may contain such reference to any provisions of this Indenture as may be appropriate. Every temporary
Security shall be executed by the Company, and, if applicable, any applicable Guarantors, and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect, as the definitive
Securities. Without unreasonable delay, the Company, and, if applicable, any applicable Guarantors, shall execute and shall furnish definitive Securities of such Series, and thereupon temporary Securities of such Series may be
surrendered in exchange therefor without charge at each office or agency to be maintained by the Company for that purpose pursuant to Sections 2.05 and 4.02, and the Trustee shall authenticate and deliver in exchange for such temporary Securities of
such Series a like aggregate principal amount of definitive Securities of the same Series of authorized denominations. 
 Holders
of temporary Securities will be entitled to all of the benefits of this Indenture. 

  
 14 

 Section 2.14 Cancellation. 

The Company at any time may deliver Securities of such Series to the Trustee for cancellation. The Registrar and Paying Agent will
forward to the Trustee any Securities of such Series surrendered to them for registration of transfer, exchange or payment. The Trustee, and no one else, will cancel all Securities of such Series surrendered for registration of
transfer, exchange, payment, replacement or cancellation and will destroy canceled Securities of such Series (subject to the record retention requirement of the Exchange Act). Certification of the destruction of all canceled Securities of
such Series will be delivered to the Company. The Company may not issue new Securities of such Series to replace Securities of such Series that it has paid or that have been delivered to the Trustee for cancellation. 

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 identification numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the
Trustee of any change in the CUSIP numbers. 
 Section 2.16 Book-Entry Provisions for Global Security. 

(a) Any Global Security of a Series initially shall (1) be registered in the name of the Depositary or the nominee of such
Depositary, (2) be delivered to the Trustee as Custodian for such Depositary and (3) bear any required legends. Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under this
Indenture with respect to any Global Security held on their behalf by the Depositary, or the Trustee as its Custodian, or under the Global Security, and the Depositary may be treated by the Company, the Trustee and any agent of the Company or the
Trustee as the absolute owner of the Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written
certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of any Security. 

(b) Transfers of any Global Security shall be limited to transfers in whole, but not in part, to the Depositary, its successors or their
respective nominees. Interests of beneficial owners in the Global Security may be transferred or exchanged for definitive Securities in accordance with the rules and procedures of the Depositary. Definitive Securities shall be transferred
to all beneficial owners in exchange for their beneficial interests in a Global Security only if (1) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for the Global Security and a successor Depositary
is not appointed by the Company within 90 days of such notice or (2) an Event of Default has occurred and is continuing. 
 (c) In
connection with any transfer or exchange of a portion of the beneficial interest in any Global Security to beneficial owners pursuant to clause (b) of this Section 2.16, the Registrar shall (if one or more definitive Securities are to be
issued) reflect on the Securities Register the date and a decrease in the principal amount of the Global Security in an amount equal to the principal amount of the beneficial interest in the Global Security to be transferred, and the Company shall
execute, and the Trustee shall authenticate and deliver, one or more definitive Securities of like tenor and amount. 
 (d) In connection
with the transfer of an entire Global Security to beneficial owners pursuant to clause (b) of this Section 2.16, the Global Security shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and the
Trustee shall authenticate and deliver, to each beneficial owner identified by the Depositary in exchange for its beneficial interest in the Global Security, an equal aggregate principal amount of definitive Securities of authorized denominations.

 (e) The Holder of any Global Security may grant proxies and otherwise authorize any Person, including Agent Members and Persons that may
hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Securities of such Series. 

  
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 Section 2.17 Interest Act (Canada). 

For the purposes of the Interest Act (Canada) and disclosure thereunder, whenever any interest is made payable hereunder or in the Securities
of any Series at any rate or percentage for or based on a period of 360 days, the yearly rate or percentage of interest to which such rate or percentage of interest is equivalent is the rate or percentage stipulated herein or in the Securities
multiplied by the actual number of days in the calendar year and divided by 360. The foregoing sentence is for disclosure purposes only and shall not otherwise affect the terms of this Indenture or the Securities. To the extent that the Interest Act
(Canada) is applicable, all interest which accrues under this Indenture on the Securities shall be calculated using the nominal rate method and not the effective rate method and the deemed reinvestment principle shall not apply to such calculations.

 ARTICLE 3 

REDEMPTION 
 Section 3.01
Applicability of Article. 
 Securities of any Series which are redeemable before their stated maturity shall be
redeemable in accordance with their terms and (except as otherwise specified, as contemplated by Section 2.02 for Securities of any Series) in accordance with this Article 3; provided, however, that if any provision of any such
Security shall conflict with any provision of this Article 3, the provision of such Security of such Series shall govern. 
 Section 3.02
Election to Redeem. 
 The right of the Company to elect to redeem any Securities of any Series shall be set forth in the terms
of such Securities of such Series established in accordance with Section 2.02. In the case of any redemption of Securities of such Series prior to the expiration of any restriction on such redemption provided in the terms of such
Securities of such Series or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officer’s Certificate evidencing compliance with such restriction. 

Section 3.03 Notices to Trustee. 

If the Company elects to redeem Securities of any Series pursuant to this Indenture or the terms of the Securities of any
Series established pursuant to Section 2.02 hereof, it must furnish to the Trustee, at least 30 days but not more than 60 days before the redemption date of any redemption permitted hereunder, an Officer’s Certificate setting forth:

 (a) the clause of this Indenture, of any resolution of the Board of Directors or Officer’s Certificate establishing the Securities
of any Series or of any indenture supplemental hereto pursuant to which the redemption shall occur; 
 (b) the redemption date; 

(c) the principal amount of Securities of any Series to be redeemed; and 

(d) the redemption price. 
 Section 3.04
Selection of Securities to Be Redeemed. 
 If less than all of the Securities of any Series are to be redeemed at any time, the
Trustee will select Securities of such Series for redemption by such method as may be specified by the terms of such Securities of such Series or, if no such method is so specified, by such method as the Trustee shall deem appropriate and
which may provide for the selection for redemption of portions of the principal amount of Securities of such Series, unless otherwise required by law or applicable stock exchange or depositary requirements. 

  
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 In the event of partial redemption, the particular Securities of any Series to be redeemed
will be selected, unless otherwise provided herein, not less than 30 days nor more than 60 days prior to the redemption date by the Trustee from the outstanding Securities of such Series not previously called for redemption. 

The Trustee will promptly notify the Company in writing of the Securities of such Series selected for redemption and, in the case of any
Security selected for partial redemption, the principal amount thereof to be redeemed. Securities of such Series and portions of such Securities selected will be in multiples equal to the minimum authorized denomination for Securities of
such Series. Except as provided in the preceding sentence, provisions of this Indenture that apply to Securities of any Series called for redemption also apply to portions of such Securities called for redemption. 

Section 3.05 Notice of Redemption. 

At least 30 days but not more than 60 days before a redemption date, the Company will mail or cause to be mailed, by first class mail, a
notice of redemption to each Holder whose Securities are to be redeemed at its registered address, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of
the Securities or a satisfaction and discharge of this Indenture pursuant to Article 8 hereof. 
 The notice will identify the Securities to
be redeemed and will state: 
 (a) the redemption date; 

(b) the redemption price; 
 (c)
if any Securities of any Series is being redeemed in part, the portion of the principal amount of such Security to be redeemed and that, after the redemption date upon surrender of such Security, a new Security or Securities of the same Series
and in principal amount equal to the unredeemed portion will be issued upon cancellation of the original Security; 
 (d) the name and
address of the Paying Agent; 
 (e) that Securities of any Series called for redemption must be surrendered to the Paying Agent to
collect the redemption price; 
 (f) that such redemption is pursuant to the mandatory or optional sinking fund, or both, if such be the
case; 
 (g) that, unless the Company defaults in making such redemption payment, interest on Securities of any Series called for
redemption ceases to accrue on and after the redemption date; 
 (h) the paragraph of the Securities and/or Section of this Indenture,
of any resolution of the Board of Directors or Officer’s Certificate establishing the Securities of any Series or of any indenture supplemental hereto pursuant to which the Securities of such Series called for redemption are being
redeemed; and 
 (i) that no representation is made as to the correctness or accuracy of the CUSIP number, if any, listed in such notice or
printed on the Securities of such Series. 
 At the Company’s request, the Trustee will 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 35 days prior to the redemption date (or a shorter period as agreed to by the Trustee), an Officer’s Certificate
requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 

  
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 Section 3.06 Effect of Notice of Redemption. 

Subject to the next succeeding sentence, once notice of redemption is mailed as provided in Section 3.05, 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 any indenture supplemental hereto, a resolution of the Board of Directors of the Company or Officer’s Certificate for a
Series, a notice of redemption may 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 3.07 Deposit of Redemption Price. 

Not later than 10:00 a.m. New York City time on the redemption date, the Company will deposit with the Trustee or with the Paying Agent
money sufficient to pay the redemption price of, and accrued interest, if any, on all Securities of such Series to be redeemed on that date. The Trustee or the Paying Agent will promptly return to the Company any money deposited with the
Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption price of, and accrued interest, if any, on all Securities of such Series to be redeemed. 

If the Company complies with the provisions of the preceding paragraph, on and after the redemption date, interest will cease to accrue on the
Securities of such Series or the portions thereof called for redemption, any Guarantees endorsed thereon or attached thereto shall cease from and after the date fixed for redemption to be entitled to any benefit or security under this Indenture, and
the Holders thereof shall have no right in respect of such Securities or Guarantees except the right to receive the redemption price and unpaid interest to the date fixed for redemption. If a Security is redeemed on or after an interest record date
but on or prior to the related interest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security was registered at the close of business on such record date. If any Security called for redemption is
not so paid upon surrender for redemption because of the failure of the Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption date until such principal is paid, and to the extent lawful
on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities of such Series and Section 4.01 hereof. 

Section 3.08 Securities Redeemed or Purchased 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. 
 ARTICLE 4 

COVENANTS 
 Section 4.01 Payment of
Securities. 
 The Company will pay or cause to be paid the principal of, premium on, if any, and interest on, if any, the
Securities of each Series in accordance with the terms of the Securities of such Series established pursuant to Section 2.02 hereof and this Indenture; provided, that if a payment date is not a Business Day at a Place of
Payment, payment may be made at that Place of Payment on the next succeeding day that is a Business Day, and no interest shall accrue on such payment for the intervening period. 

Section 4.02 Maintenance of Office or Agency. 

So long as any of the Securities remain outstanding, the Company will maintain for each Series an office or agency (which may be the office of
the Trustee or any Affiliate of the Trustee, or the Registrar or any co-registrar) where: (a) the Securities may be presented for payment; (b) the Securities may be presented for registration of transfer and for exchange as provided
in this Indenture; and (c) notices and demands to or upon the Company or any Guarantor in respect of the Securities or of this Indenture may be served. The Company will give prompt written notice to the Trustee of the location,
and any change in location, of such office or agency. If at any time the Company fails to maintain any such required office or agency or fails to furnish the Trustee with the address thereof, such presentations, surrenders, notices and
demands may be made or served at the Corporate Trust Office of the Trustee. 

  
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 The Company hereby designates the Corporate Trust Office of the Trustee as one such office or
agency of the Company in accordance with Section 2.05 hereof. 
 Section 4.03 Reports. 

(a) So long as any Securities are outstanding, the Company will furnish to the Holders or cause the Trustee to furnish to the Holders (or file
with the SEC for public availability), within the time periods specified in the SEC’s rules and regulations: 

(1) all quarterly and annual reports that are required to be filed by the Company under the Exchange Act with the SEC on Forms
10-Q and 10-K; and 
 (2) all current reports that are required to be filed by the Company with the SEC on Form 8-K.

 All such reports will be prepared in all material respects in accordance with all of the rules and regulations applicable to such
reports. The Company will at all times comply with TIA §314(a). 
 If the Company is no longer subject to the periodic reporting
requirements of the Exchange Act for any reason, the Company will nevertheless continue filing the reports specified in this Section 4.03(a) with the SEC within the time periods specified in the rules and regulations applicable to
such reports for non-accelerated filers unless the SEC will not accept such a filing. The Company will not take any action for the purpose of causing the SEC not to accept any such filings. If, notwithstanding the foregoing, the SEC will
not accept the Company’s filings for any reason, the Company will post the reports referred to in this Section 4.03(a) on its website within the time periods that would apply if the Company were required to file those reports
(applicable to non-accelerated filers) with the SEC. 
 (b) The Company will be deemed to have furnished such reports to the Trustee and the
Holders of Securities if it has filed such reports with the SEC using the EDGAR filing system and such reports are publicly available. 

(c) Delivery of reports, information and documents to the Trustee under this Section 4.03 are for information 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 4.04 Compliance Certificate. 

(a) The Company and any Guarantor (to the extent that such Guarantor is so required under the TIA) shall deliver to the Trustee, within 120
days after the end of each fiscal year, an Officer’s Certificate stating, as to each Officer signing such certificate, whether or not to the best of his or her knowledge and without personal liability the Company is in default in the
performance and observance of any of the conditions or covenants hereof, and, if the Company shall be in default, specifying all such defaults and the nature thereof of which he or she may have knowledge and without personal liability. For purposes
of this Section 4.04 such compliance shall be determined without regard to any period of grace or requirement of notice hereunder. 

(b) So long as any of the Securities of such Series are outstanding, the Company will deliver to the Trustee, within 30 days of any
Officer becoming aware of any Default or Event of Default, an Officer’s Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. 

  
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 Section 4.05 Appointment to Fill a Vacancy in Office of Trustee. 

The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in
Section 7.08, a Trustee, so that there shall at all times be a Trustee with respect to each Series of Securities hereunder. 
 Section 4.06
Paying Agents. 
 Whenever the Company shall appoint a Paying Agent other than the Trustee with respect to the Securities of any
Series, it will cause such Paying Agent to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section 4.06, that it will: 

(a) hold all sums received by it as such Paying Agent for the payment of the principal of or interest on the Securities of such
Series (whether such sums have been paid to it by the Company or by any Guarantor or other obligor on the Securities of such Series) in trust for the benefit of the Holders of the Securities of such Series or of the Trustee, and upon the
occurrence of an Event of Default and upon the written request of the Trustee, pay over all such sums received by it to the Trustee, 
 (b)
give the Trustee notice of any failure by the Company (or by any Guarantor or other obligor on the Securities of such Series) to make any payment of the principal of or interest on the Securities of such Series when the same shall be due and
payable, and 
 (c) give the Trustee notice of any change of address of any Holder of which it is aware. 

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

If the Company shall act as its own Paying Agent with respect to the Securities of any Series, it will, on or before each due date of the
principal of or interest on the Securities of such Series, set aside, segregate and hold in trust for the benefit of the Holders of the Securities of such Series a sum sufficient to pay such principal or interest so becoming due. The
Company will promptly notify the Trustee of any failure to take such action. 
 Anything in this Section 4.06 to the contrary
notwithstanding, the Company may at any time, for the purpose of obtaining a satisfaction and discharge with respect to one or more or all Series of Securities hereunder, or for any other reason, pay or cause to be paid to the Trustee all sums
held in trust for any such Series by the Company or any Paying Agent hereunder, as required by this Section 4.06, such sums to be held by the Trustee upon the trusts herein contained. 

Anything in this Section 4.06 to the contrary notwithstanding, the agreement to hold sums in trust as provided in this Section 4.06
is subject to the provisions of Sections 8.07 and 8.08. 
 Section 4.07 Additional Amounts. 

If Securities of a Series provide for the payment of additional amounts to any Holder who is a Non-U.S. Person in respect of any
tax, assessment or governmental charge (“Additional Amounts”), the Company will pay to the Holder of any Security of such Series such Additional Amounts as may be so provided by Section 2.02. Whenever in this Indenture there is
mentioned, in any context, the payment of the principal of or interest on, or in respect of, any Security of a Series or the net proceeds received on the sale or exchange of a Security of a Series, such mention shall be deemed to
include mention of the payment of Additional Amounts provided for by the terms of such Series established pursuant to Section 2.02 to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof
pursuant to such terms and express mention of the payment of Additional Amounts (if applicable) in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such express mention is not made.

  
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 Except as otherwise specified as contemplated by Section 2.02, if the Securities of a
Series provide for the payment of Additional Amounts, at least 10 days prior to each date of payment of principal or interest on which any Additional Amount shall be payable, the Company will furnish the Trustee and the Company’s principal
Paying Agent or Paying Agents, if other than the Trustee, with a compliance certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of principal of or interest on the Securities of that Series shall be
made to Holders of Securities of that Series who are Non-U.S. Persons without withholding for or on account of any tax, assessment or other governmental charge described in the Securities of that Series. If any such withholding shall be
required, then such compliance certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders of Securities of that Series and the Company will pay to the Trustee or such Paying Agent the
Additional Amounts required by the terms of such Securities. The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless against, any loss, liability or expense reasonably incurred without negligence or
willful misconduct on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officer’s Certificate furnished pursuant to this Section 4.07 or in the event the Trustee shall not withhold
or deduct any sums as a result of the non-receipt of such Officer’s Certificate pursuant to this Section 4.07. 
 Section 4.08 Calculation
of Original Issue Discount and Other Amounts. 
 The Company shall promptly, at the end of each calendar year, calculate the Original
Issue Discount accrued on outstanding Securities as of the end of such year and shall determine whether the amount of Original Issue Discount qualifies for the de minimis exception rule as set forth in Section 1273(a)(3) of the Code.
If such calculated amount does not qualify for the de minimis exception rule, then the Company shall subsequently file with the Trustee no later than January 15th of each calendar year (a) a written notice specifying the amount of Original
Issue Discount (including daily rates and accrual periods) accrued on outstanding Securities as of the end of such year, and (b) such other specific information relating to such Original Issue Discount as may then be relevant under the Code.

 ARTICLE 5 

SUCCESSORS 
 Section 5.01 Merger,
Consolidation or Sale of Assets. 
 (a) The Company shall not consolidate or merge with or into another Person (whether or not the
Company is the surviving corporation) or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of the properties or assets of the Company and its Subsidiaries taken as a whole, in one or more related transactions, to
another Person, unless: 
 (1) either: 

(A) the Company is the surviving corporation; or 

(B) the Person formed by or surviving any such consolidation or merger (if other than the Company) or to which such sale,
assignment, transfer, lease, conveyance or other disposition has been made is an entity organized or existing under the laws of the United States, any state of the United States or the District of Columbia; 

(2) the Person formed by or surviving any such consolidation or merger (if other than the Company) or the Person to which such
sale, assignment, transfer, lease, conveyance or other disposition has been made assumes all the obligations of the Company under the Securities and this Indenture pursuant to an agreement reasonably satisfactory to the Trustee; and 

(3) immediately after such transaction, no Default or Event of Default has occurred and is continuing. 

  
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 (b) This Section 5.01 will not apply to any sale, assignment, transfer, conveyance, lease or
other disposition of assets between or among the Company and its Subsidiaries or any merger or consolidation of the Company (1) with or into one of its Subsidiaries for any purpose, or (2) with or into an Affiliate solely for the purpose
of reincorporating the Company in another jurisdiction. 
 Section 5.02 Successor Corporation Substituted. 

Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all
of the properties or assets of the Company in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof, the successor Person formed by such consolidation or into or with which the Company is merged or to
which such sale, assignment, transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, assignment, transfer, lease, conveyance or other
disposition, the provisions of this Indenture referring to the “Company” shall refer instead to the successor Person and not to the Company), and may exercise every right and power of the Company under this Indenture with the same effect
as if such successor Person had been named as the Company herein; provided, however, that the predecessor Company shall not be relieved from the obligation to pay the principal of, premium on, if any, and interest on, if any, the Securities
of such Series except in the case of a sale of all or substantially all of the Company’s assets in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof. 

ARTICLE 6 

DEFAULTS AND REMEDIES 
 Section 6.01
Events of Default. 
 In case one or more of the following events of default (unless it is either inapplicable to a particular
Series or it is specifically deleted from or modified in the instrument establishing such Series and the form of Security for such Series) shall have occurred and be continuing with respect to any Series of Securities (an
“Event of Default”): 
 (a) default for 30 days in the payment when due of interest, if any, on, any Security of
such Series; 
 (b) default in the payment when due (at maturity, upon redemption or otherwise) of the principal of, or premium on, if any,
any Security of such Series, and, in the case of technical or administrative difficulties, only if such default persists for a period of more than three Business Days; 

(c) failure by the Company to comply with any of the covenants or agreements (other than a covenant or agreement in respect of the Securities
of such Series a default of whose performance or whose breach is elsewhere in this Section 6.01 specifically dealt with) of the Company in this Indenture or the Securities of such Series for 90 days after notice to the Company by
the Trustee or the Holders of at least 25% in aggregate principal amount of the Securities of all Series then outstanding affected by such failure to comply; 

(d) the Company, or any applicable Guarantor, pursuant to or within the meaning of Bankruptcy Law: 

(1) commences a voluntary case; 

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

(3) consents to the appointment of a custodian of it or for all or substantially all of its property; 

(4) makes a general assignment for the benefit of its creditors; or 

  
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 (5) admits in writing that it generally is not paying its debts as they become
due; 
 (e) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that remains unstayed and in effect for 90
consecutive days and that: 
 (1) is for relief against the Company or any applicable Guarantor in an involuntary case; 

(2) appoints a custodian of the Company or any applicable Guarantor for all or substantially all of the property of the
Company or any applicable Guarantor; or 
 (3) orders the liquidation of the Company or any applicable Guarantor; 

(f) except as permitted by this Indenture, any Guarantee is held in any judicial proceeding to be unenforceable or invalid, or any Guarantor,
or any Person acting on behalf of any Guarantor, denies or disaffirms its obligations under its Guarantee; or 
 (g) any other Event of
Default provided in the supplemental indenture or resolution of the Board of Directors of the Company under which such Series of Securities is issued or in the form of Security for such Series. 

The Events of Default specified in clauses (a) or (b) of this Section 6.01 are referred to herein as a “Payment
Default”. 
 Section 6.02 Acceleration. 

In the case of an Event of Default specified in clause (d) or (e) of Section 6.01 hereof, all outstanding Securities of such
Series will become due and payable immediately without further action or notice. If any other Event of Default occurs and is continuing with respect to the Securities in any particular Series, the Trustee or the Holders of at least 25% in
aggregate principal amount of the then outstanding Securities of such Series may declare all the Securities of such Series to be due and payable immediately. 

Upon any such declaration, the Securities of such Series shall become due and payable immediately. 

The Holders of a majority in aggregate principal amount of the then outstanding Securities of such Series by written notice to the
Trustee may, on behalf of all of the Holders of all the Securities of such Series, rescind an acceleration and its consequences hereunder, if the rescission would not conflict with any judgment or decree and if all existing Events of Default (except
nonpayment of principal of, premium on, if any, and interest, if any, on the Securities of such Series that has become due solely because of the acceleration) have been cured or waived. Holders of the Securities of such Series shall not enforce
this Indenture or the applicable Securities of such Series except as provided in this Indenture or in any resolution of the Board of Directors of the Company or Officer’s Certificate establishing the Securities of such Series or in any
indenture supplemental hereto. The Trustee may withhold from Holders of the Securities such notice of any continuing Default or Event of Default (except a Default or Event of Default relating to the payment of principal or interest) if it determines
that withholding notice is in their interest. 
 Section 6.03 Other Remedies. 

If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal of, premium
on, if any, and interest on, if any, the Securities of such Series so affected or to enforce the performance of any provision of the Securities of such Series or this Indenture. 

The Trustee may maintain a proceeding even if it does not possess any of the Securities of such Series or does not produce any of them in
the proceeding. A delay or omission by the Trustee or any Holder of any Securities of such Series in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence
in the Event of Default. All remedies are cumulative to the extent permitted by law. 

  
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 Section 6.04 Waiver of Past Defaults. 

The Holders of a majority in aggregate principal amount of the then outstanding Securities of any Series by written notice to the
Trustee may, on behalf of the Holders of all of the Securities of such Series, waive any existing Default or Event of Default and its consequences hereunder, except a continuing Payment Default; provided, however, that the Holders of a
majority in aggregate principal amount of the then outstanding Securities of each Series so affected may rescind any declaration of acceleration and its consequences, including any related Payment Default that resulted from such acceleration.
In the case of any such waiver, the Company, any applicable Guarantors, the Trustee, and the Holders of the Securities of such Series shall be restored to their former positions and rights hereunder, respectively. 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 6.05 Control by Majority. 

Holders of a majority in aggregate principal amount of the then outstanding Securities of each Series affected (with each Series treated
as a separate class) may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that
conflicts with law or this Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of the Securities of such Series so affected or that may involve the Trustee in personal liability. 

Section 6.06 Limitation on Suits. 

No Holder of any Securities of such Series so affected may pursue any remedy with respect to this Indenture or the Securities of such
Series unless: 
 (a) such Holder has previously given to the Trustee written notice that an Event of Default is continuing; 

(b) Holders of at least 25% in aggregate principal amount of the then outstanding Securities of each Series so affected make a written
request to the Trustee to pursue the remedy; 
 (c) such Holder or Holders offer and, if requested, provide to the Trustee security or
indemnity reasonably satisfactory to the Trustee against any loss, liability or expense; 
 (d) the Trustee does not comply with such
request within 60 days after receipt of the request and the offer and, if requested, the provision of security or indemnity; and 
 (e)
during such 60-day period, Holders of a majority in aggregate principal amount of the then outstanding Securities of each Series so affected do not give the Trustee a direction inconsistent with such request. 

A Holder of any Securities of such Series may not use this Indenture to prejudice the rights of another Holder of Securities of such
Series or to obtain a preference or priority over another Holder of Securities of such Series. 
 Section 6.07 Rights of Holders to Receive
Payment. 
 Notwithstanding any other provision of this Indenture, the right of any Holder of any Securities to receive payment of
principal of, premium on, if any, and interest on, if any, such Security, on or after the respective due dates expressed in such Security, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be
impaired or affected without the consent of such Holder. 

  
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 Section 6.08 Collection of Indebtedness and Suit for Enforcement by Trustee. 

The Company covenants that if a Payment Default occurs and is continuing then, upon demand of the Trustee, the Company will pay to the
Trustee, for the benefit of the Holders of such Securities of such Series, the whole amount of principal of, premium on, if any, and interest, if any, remaining unpaid on, the Securities of such Series so affected and interest on overdue principal,
if any, and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the compensation and reasonable expenses, disbursements and advances of the Trustee, its agents and
counsel. 
 In case the Company shall fail to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an
express trust, shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid, and may prosecute any such action or proceedings to judgment or final decree, and may enforce
any such judgment or final decree against the Company or any other obligor upon such Securities of such Series and collect in the manner provided by law out of the property of the Company or any other obligor upon such Securities of Such series
wherever situated the moneys adjudged or decreed to be payable. 
 Section 6.09 Trustee May File Proofs of Claim. 

The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the
claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders of the Securities of each Series so affected allowed in any judicial
proceedings relative to the Company (or any other obligor upon the Securities of such Series so affected), its creditors or its property and shall be entitled and empowered to collect, receive and distribute any money or other property payable or
deliverable on any such claims and any custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the
Holders, to pay to the Trustee any amount due to it for the compensation and reasonable expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof. To the
extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof out of the estate in any such proceeding, shall be
denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that such Holders may be entitled to receive in such proceeding whether
in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any such Holder any plan of
reorganization, arrangement, adjustment or composition affecting the Securities of such Series so affected or the rights of any such Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 6.10 Priorities. 
 If the
Trustee collects any money pursuant to this Article 6, it shall pay out the money in the following order: 
 First: to the
Trustee, its agents and attorneys for amounts due under Section 7.07 hereof, including payment of all compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 

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 

  
 25 

 Third: to the Company or any applicable Guarantor, as the case may be. 

The Trustee may fix a record date and payment date for any payment to Holders of Securities of such Series pursuant to this
Section 6.10. 
 Section 6.11 Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted
by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’
fees, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder of Securities
of each Series so affected pursuant to Section 6.07 hereof, or a suit by Holders of more than 10% in aggregate principal amount of the then outstanding Securities of such Series. 

Section 6.12 Restoration of Rights and Remedies. 

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

ARTICLE 7 

TRUSTEE 
 Section 7.01 Duties of
Trustee. 
 (a) If an Event of Default has occurred and is continuing, the Trustee will exercise such of the rights and powers vested in
it by this Indenture, and use the same degree of care and skill in its exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(b) Except during the continuance of an Event of Default: 

(1) the duties of the Trustee will be determined solely by the express provisions of this Indenture and the Trustee need
perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(2) in the absence of bad faith, the Trustee may conclusively rely, as to the truth of the statements and the correctness of
the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, the Trustee will examine the certificates and opinions to determine whether or not they
conform to the requirements of this Indenture. 
 (c) The Trustee may not be relieved from liabilities for its own grossly negligent action,
its own grossly negligent failure to act, or its own willful misconduct, except that: 
 (1) this paragraph does not limit
the effect of clause (b) of this Section 7.01; 
 (2) the Trustee will 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; and 

  
 26 

 (3) the Trustee will not be liable with respect to any action it takes or omits
to take in good faith in accordance with a direction received by it pursuant to Section 6.05 hereof. 
 (d) Whether or not therein
expressly so provided, every provision of this Indenture that in any way relates to the Trustee and any capacity the Trustee may serve hereunder is subject to clauses (a), (b), and (c) of this Section 7.01. 

(e) No provision of this Indenture will require the Trustee to expend or risk its own funds or incur any liability. The Trustee will be
under no obligation to exercise any of its rights and powers under this Indenture at the request of any Holders of Securities of any Series, unless such Holders have offered to the Trustee reasonable security and written indemnity satisfactory to it
against any loss, liability or expense. 
 (f) The Trustee will 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. 

Section 7.02 Rights of Trustee. 

(a) The Trustee may conclusively rely upon any document 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 will 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. The Trustee may consult with counsel and the written advice of such counsel or any Opinion of Counsel will be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it
hereunder in good faith and in reliance thereon. 
 (c) The Trustee may act through its attorneys and agents and will not be responsible for
the misconduct or negligence of any agent appointed with due care. 
 (d) The Trustee will not be liable for any action it takes or omits to
take in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture. 
 (e) Unless
otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company will be sufficient if signed by an Officer of the Company. 

(f) The Trustee will 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 of any Series unless such Holders have offered to the Trustee indemnity or security satisfactory to it against the losses, liabilities and expenses that might be incurred by it in compliance with such request
or direction. 
 (g) The Trustee shall not be charged with knowledge of any Default or Event of Default with respect to any Securities of
any Series unless either (1) a Responsible Officer shall have actual knowledge of such Default or Event of Default; or (2) written notice of such Default or Event of Default shall have been given to the Corporate Trust Office of the
Trustee by the Company or any other obligor on the Securities of such Series or by any Holder of the Securities of such Series, such notice specifically identifying this Indenture and the Securities of a particular Series. 

(h) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be
indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each Agent, custodian and other Person employed to act hereunder. 

  
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 (i) In no event shall the Trustee be responsible or liable for special, indirect, or
consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

(j) Any action taken, or omitted to be taken, by the Trustee in good faith pursuant to this Indenture upon the request or authority or consent
of any Person who, at the time of making such request or giving such authority or consent, is the Holder of any Securities shall be conclusive and binding upon all future Holders of Securities and upon Securities executed and delivered in exchange
therefore or in place thereof. 
 (k) The Trustee shall not be required to give any bond or surety in respect of the execution of the trusts
and power or otherwise in respect of this Indenture. 
 (l) Under no circumstances shall the Trustee be liable in its individual capacity
for the obligations evidenced by the Securities. 
 Section 7.03 Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Securities of any Series and may otherwise deal
with the Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest it must eliminate such conflict within 90 days, apply to
the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof. 

Section 7.04 Trustee’s Disclaimer. 

The Trustee will not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Securities of any
Series, it shall not be accountable for the Company’s use of the proceeds from the Securities of any Series or any money paid to the Company or upon the Company’s direction under any provision of this Indenture, it will not be
responsible for the use or application of any money received by any Paying Agent other than the Trustee, and it will not be responsible for any statement or recital herein or any statement in the Securities of any Series or any other document
in connection with the sale of the Securities of any Series or pursuant to this Indenture other than its certificate of authentication. 

Section 7.05 Notice of Defaults. 

If a Default or Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee will mail to Holders of Securities of
any Series so affected a notice of the Default or Event of Default within 90 days after it becomes aware of the Default or Event of Default. Except in the case of a Payment Default with respect to any Securities of any Series so affected, the
Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders of the Securities of such Series so affected. In the case of any
Default or Event of Default specified in clause (c) of Section 6.01 hereof, no notice to Holders shall be given until at least 30 days has elapsed following the occurrence thereof. 

Section 7.06 Reports by Trustee to Holders of the Securities. 

(a) Within 60 days after each May 15 beginning with the May 15 following the date of this Indenture, and for so long as Securities
of any Series remain outstanding, the Trustee will mail to the Holders of the Securities of such Series a brief report dated as of such reporting date that complies with TIA §313(a) (but if no event described in TIA §313(a) has
occurred within the twelve months preceding the reporting date, no report need be transmitted). The Trustee also will comply with TIA §313(b). The Trustee will also transmit by mail all reports as required by TIA §313(c). 

(b) A copy of each report at the time of its mailing to the Holders of Securities of such Series will be mailed by the Trustee to the
Company and filed by the Trustee with the SEC and each stock exchange on which the Securities of such Series are listed in accordance with TIA §313(d). The Company will promptly notify the Trustee when the Securities of such Series
are listed on any stock exchange. 

  
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 Section 7.07 Compensation and Indemnity. 

(a) The Company will pay to the Trustee from time to time reasonable compensation for its acceptance of this Indenture and services
hereunder. The Trustee’s compensation will not be limited by any law on compensation of a trustee of an express trust. The Company will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and
expenses incurred or made by it in addition to the compensation for its services, except for any such disbursement, advance or expense as may be attributable to its negligence or willful misconduct. Such expenses will include the reasonable
compensation, disbursements and expenses of the Trustee’s agents and counsel. 
 (b) The Company shall indemnify the Trustee and Agents
and their respective officers, directors, employees, representatives and agents (each an “Indemnified Party”) against any and all losses, liabilities or expenses incurred by them arising out of or in connection with the acceptance or
administration of their duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company (including this Section 7.07) and defending themselves against any claim (whether asserted by the Company or
any Holder of Securities of any Series or any other Person) or liability in connection with the exercise or performance of any of their powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to their
negligence or willful misconduct. An Indemnified Party shall notify the Company promptly of any claim for which it may seek indemnity. Failure by an Indemnified Party to so notify the Company shall not relieve the Company of its obligations
hereunder. The Company shall defend the claim and an Indemnified Party shall cooperate in the defense. An Indemnified Party may have separate counsel and the Company shall pay the reasonable fees and expenses of such counsel. The Company need not
pay for any settlement made without its consent, which consent shall not be unreasonably withheld. 
 (c) The obligations of the Company
under this Section 7.07 shall survive the satisfaction and discharge of this Indenture or, with respect to any Person acting as Trustee under this Indenture, the earlier resignation or removal of such Trustee. 

(d) 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. 

(e) When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.01(d) or (e) hereof
occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law. 

(f) The Trustee will comply with the provisions of TIA §313(b) to the extent applicable. 

Section 7.08 Replacement of Trustee. 

(a) A resignation or removal of the Trustee with respect to one or more or all Series of Securities and appointment of a successor
Trustee will become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.08. 
 (b)
The Trustee may resign with respect to one or more or all Series of Securities in writing at any time and be discharged from the trust hereby created by so notifying the Company. The Holders of a majority in aggregate principal amount of the
then outstanding Securities of such Series may remove the Trustee with 30 days prior written notice with respect to the Securities of such Series by so notifying the Trustee and the Company in writing. The Company may remove the Trustee with
respect to one or more or all Series of Securities if: 
 (1) the Trustee fails to comply with Section 7.10
hereof; 

  
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 (2) 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; 
 (3) a custodian or public officer takes charge of the
Trustee or its property; or 
 (4) the Trustee becomes incapable of acting. 

(c) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason with respect to one or more Series of
Securities, the Company shall promptly appoint a successor Trustee with respect to such Series of Securities. Within one year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the then outstanding
Securities of such Series may appoint a successor Trustee with respect to such Series of Securities to replace the successor Trustee appointed by the Company. 

(d) 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 aggregate principal amount of the then outstanding Securities of the applicable Series may petition any court of competent jurisdiction for the
appointment of a successor Trustee with respect to such Series of Securities. 
 (e) If the Trustee, after written request by any Holder of
Securities of such Series who has been a Holder for at least six months, fails to comply with Section 7.10 hereof, such Holder may petition any court of competent jurisdiction for the removal of the Trustee with respect to such Series of
Securities and the appointment of a successor Trustee. 
 (f) A successor Trustee with respect to such Series of Securities will deliver a
written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon, the resignation or removal of the retiring Trustee will become effective, and the successor Trustee will have all the rights, powers and duties of the
Trustee under this Indenture with respect to such Series of Securities. The successor Trustee will mail a notice of its succession to Holders of Securities of such Series. The retiring Trustee will promptly transfer all property held with respect to
such Series of Securities by it as Trustee to the successor Trustee; provided all sums owing to the Trustee hereunder have been paid and subject to the lien provided for in Section 7.07 hereof. Notwithstanding replacement of the
Trustee pursuant to this Section 7.08, the Company’s obligations under Section 7.07 hereof will continue for the benefit of the retiring Trustee. 

Section 7.09 Successor Trustee by Merger, etc. 

If the Trustee consolidates, merges or converts into, or transfers or sells all or substantially all of its corporate trust business to,
another corporation, the successor corporation without any further act will be the successor Trustee. 
 Section 7.10 Eligibility;
Disqualification. 
 There will at all times be a Trustee hereunder that is a corporation organized and doing business under the laws of
the United States or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of at least
$100.0 million as set forth in its most recent published annual report of condition. 
 This Indenture will always have a Trustee who
satisfies the requirements of TIA §310(a)(1), (2) and (5). The Trustee is subject to 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 therein. 

  
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 ARTICLE 8 

SATISFACTION AND DISCHARGE OF INDENTURE; DEFEASANCE 

Section 8.01 Satisfaction and Discharge of Indenture. 

This Indenture shall, upon Company Order or Guarantor Order, cease to be of further effect (except as hereinafter provided in this
Section 8.01), and the Trustee, at the expense of the Company, shall execute instruments acknowledging satisfaction and discharge of this Indenture, when: 

(a) either: 

(1) all Securities 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 
 (2) all such Securities not
theretofore delivered to the Trustee for cancellation: 
 (A) have become due and payable; 

(B) will become due and payable at their stated maturity within one year; 

(C) 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 
 (D)
are deemed paid and discharged pursuant to Section 8.04, as applicable; 
 and the Company or any Guarantor(s), in the case of (A), (B) or (C) above,
has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust an amount sufficient for the purpose of paying and discharging the entire Indebtedness on such Securities not theretofore delivered to the Trustee for
cancellation, for principal and interest to the date of such deposit (in the case of Securities which have become due and payable on or prior to the date of such deposit) or to the stated maturity or redemption date, as the case may be; 

(b) the Company or any Guarantor(s) have paid or caused to be paid all other sums payable hereunder by the Company; and 

(c) the Company or any Guarantor has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all
conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.07, and,
if money shall have been deposited with the Trustee pursuant to clause (a) of this Section 8.01, the provisions of Sections 2.05, 2.09, 8.02 and 8.08 shall survive. 

Section 8.02 Application of Trust Funds; Indemnification. 

(a) Subject to the provisions of Section 8.08, all money deposited with the Trustee pursuant to Section 8.01, all money and
Government Securities deposited with the Trustee pursuant to Section 8.04 or 8.05 and all money received by the Trustee in respect of Government Securities deposited with the Trustee pursuant to Section 8.03 or 8.04, 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 8.04 or 8.05.

  
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 (b) The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against Government Securities deposited pursuant to Sections 8.04 or 8.05 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 or the relevant Guarantor(s), as applicable, from time to time upon Company Order or
Guarantor Order, as applicable, any Government Securities or money held by it as provided in Sections 8.04 or 8.05 which, 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, are then in excess of the amount thereof which then would have been required to be deposited for the purpose for which such Government Securities or money were deposited or received. This provision
shall not authorize the sale by the Trustee of any Government Securities held under this Indenture. 
 Section 8.03 Option to Effect Legal
Defeasance or Covenant Defeasance. 
 If, pursuant to Section 2.02, provision is made for either or both of (a) defeasance of
the Securities of a Series under Section 8.04 or (b) covenant defeasance of the Securities of a Series under Section 8.05, then the provisions of such Section or Sections, as the case may be, together with the other provisions of this
Article 8, shall be applicable to the Securities of such Series, and the Company may at its option at any time with respect to the Securities of such Series, elect to have either Section 8.04 (if applicable) or Section 8.05 (if applicable)
be applied to the outstanding Securities of any Series upon compliance with the conditions set forth below in this Article 8. 
 Section 8.04 Legal
Defeasance and Discharge. 
 Upon the Company’s exercise under Section 8.03 hereof of the option applicable to this
Section 8.04, the Company and each Guarantor will, subject to the satisfaction of the conditions set forth in Section 8.06 hereof, be deemed to have been discharged from their obligations with respect to all outstanding Securities of such
Series (including any Guarantees) on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company and each Guarantor will be deemed to
have paid and discharged the entire Indebtedness represented by the outstanding Securities of such Series (including any Guarantees), which will thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 hereof and
the other Sections of this Indenture referred to in clauses (a) and (b) of this Section 8.4, and to have satisfied all their other obligations under such Securities of such Series, any Guarantees and this Indenture (and the Trustee,
on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following provisions which will survive until otherwise terminated or discharged hereunder: 

(1) the rights of Holders of outstanding Securities of such Series to receive solely from the trust fund described in Section 8.06
hereof, and as more fully set forth in such Section, payments in respect of the principal of, premium on, if any, and interest on, if any, such Securities of such Series when such payments are due; 

(2) the Company’s obligations with respect to such Securities of such Series under Article 2 and Section 4.02 hereof; 

(3) the rights, powers, trusts, duties and immunities of the Trustee and Agents hereunder and the Company’s obligations in connection
therewith; and 
 (4) this Article 8. 

Subject to compliance with this Article 8, the Company may exercise its option under this Section 8.04 notwithstanding the prior
exercise of its option under Section 8.05 hereof. 

  
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 Section 8.05 Covenant Defeasance. 

Upon the Company’s exercise under Section 8.03 hereof of the option applicable to this Section 8.05, the Company and
each Guarantor will, subject to the satisfaction of the conditions set forth in Section 8.06 hereof, be released from their obligations under the covenants as it relates to Securities of any Series contained in Sections 4.02, 4.03, 4.04, 4.05
and Article 5 hereof (as well as any additional covenants specified in a supplemental indenture for such Series of Securities or a resolution of the Board of Directors of the Company or an Officer’s Certificate delivered pursuant to
Section 2.02) with respect to the outstanding Securities of such Series on and after the date the conditions set forth below are satisfied (hereinafter, “Covenant Defeasance”), and the Securities of such Series will thereafter
be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but will continue to be deemed “outstanding”
for all other purposes hereunder (it being understood that such Securities of such Series shall not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Securities of any
Series and any Guarantees, the Company and each Guarantor may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference
elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 6.01
hereof, but, except as specified above, the remainder of this Indenture and such Securities of such Series and any Guarantees will be unaffected thereby. In addition, upon the Company’s exercise under Section 8.03 hereof of the option
applicable to this Section 8.05 hereof, subject to the satisfaction of the conditions set forth in Section 8.06 hereof, Section 6.01(c) through Section 6.01(f) hereof shall not constitute Events of Default. 

Section 8.06 Conditions to Legal or Covenant Defeasance. 

In order to exercise either Legal Defeasance or Covenant Defeasance under either Section 8.04 or 8.05 hereof: 

(1) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of Securities of such
Series, cash in U.S. dollars, non-callable Government Securities, or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay the principal of, premium on,
if any, and interest on, if any, the outstanding Securities of such Series on the stated date for payment thereof or on the applicable redemption date, as the case may be, and the Company must specify whether the Securities of such
Series are being defeased to maturity or to a particular redemption date; 
 (2) in the case of an election under
Section 8.04 hereof, the Company shall have delivered to the Trustee an Opinion of Counsel confirming that: 
 (A) the
Company has received from, or there has been published by, the Internal Revenue Service a ruling; or 
 (B) since the date
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 outstanding Securities of such Series will not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the
same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

(3) in the case of an election under Section 8.05 hereof, the Company shall have delivered to the Trustee an Opinion of
Counsel confirming that the Holders of the outstanding Securities of such Series will not recognize income, gain or loss for federal income tax purposes as a result of such Covenant Defeasance and will be subject to federal income tax on the
same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4) no Default or Event of Default shall have occurred and be continuing on the date of such deposit (other than a Default or
Event of Default resulting from the incurrence of Indebtedness all or a portion of the proceeds of which will be used to defease the Securities of such Series pursuant to this Article 8 concurrently with such incurrence) or insofar as
Section 6.01 (d) or (e) hereof is concerned, at any time in the period ending on the 91st day after the date of deposit; 

  
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 (5) such Legal Defeasance or Covenant Defeasance shall not result in a breach or
violation of, or constitute a default under, any material agreement or instrument (other than this Indenture) to which the Company or any Guarantor is a party or by which the Company or any Guarantor is bound; 

(6) the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that on the 91st day following the
deposit, the trust funds will not be subject to the effect of any applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally; 

(7) 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 preferring the Holders of Securities of such Series over the other creditors of the Company with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and 

(8) 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 or relating to the Legal Defeasance or the Covenant Defeasance have been complied with. 
 Section 8.07
Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions. 
 Subject to Section 8.08
hereof, all money and non-callable Government Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.07, the “Trustee”) pursuant to
Section 8.06 hereof in respect of the outstanding Securities of such Series so affected will be held in trust and applied by the Trustee, in accordance with the provisions of such Securities of such Series and this Indenture, to the
payment, either directly or through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of such Securities of such Series of all sums due and to become due thereon in respect of
principal, premium, if any, and interest, if any, but such money need not be segregated from other funds except to the extent required by law. 

The Company will pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable
Government Securities deposited pursuant to Section 8.06 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Securities
of such Series. 
 Notwithstanding anything in this Article 8 to the contrary, the Trustee will deliver or pay to the Company from time
to time upon the request of the Company any money or non-callable Government Securities held by it as provided in Section 8.06 hereof which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.06(1) hereof), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or
Covenant Defeasance. 
 Section 8.08 Repayment to Company. 

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of,
premium on, if any, and interest on, if any, any Securities of any Series so affected and remaining unclaimed for two years after such principal, premium, if any, and interest, if any, has become due and payable shall be paid to the Company on
its request or (if then held by the Company) will be discharged from such trust; and the Holder of such Securities of such Series will thereafter, as an unsecured creditor, be permitted to look only to the Company for payment thereof, and all
liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, will thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make
any such repayment, may at the expense of the Company cause to be published once, in The New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein,
which will not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Company. 

  
 34 

 Section 8.09 Reinstatement. 

If the Trustee or Paying Agent is unable to apply any U.S. dollars or non-callable Government Securities in accordance with
Section 8.04 or 8.05 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this
Indenture and the Securities of such Series will be revived and reinstated as though no deposit had occurred pursuant to Section 8.04 or 8.05 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in
accordance with Section 8.04 or 8.05 hereof, as the case may be; provided, however, that, if the Company makes any payment of principal of, premium on, if any, or interest on, if any, any Securities of such Series following the
reinstatement of its obligations, the Company will be subrogated to the rights of the Holders of such Securities of such Series to receive such payment from the money held by the Trustee or Paying Agent. 

ARTICLE 9 
 AMENDMENT,
SUPPLEMENT AND WAIVER 
 Section 9.01 Without Consent of Holders of Securities. 

Notwithstanding Section 9.02 of this Indenture, without the consent of any Holder of any Securities of any Series, the Company, when
authorized by a resolution of its Board of Directors, each Guarantor, when authorized by a resolution of its Board of Directors, and the Trustee for the Securities of any and all Series may, from time to time and at any time, amend or supplement the
Indenture or any supplemental indenture or the Securities and enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the TIA) without notice to any Holder of any Securities, in form satisfactory to such
Trustee, for one or more of the following purposes: 
 (a) to cure any ambiguity or to correct or supplement any provision contained herein
or in any supplemental indenture that may be defective or inconsistent with any other provision contained herein or in any supplemental indenture; 

(b) to convey, transfer, assign, mortgage or pledge to the Trustee as security for the Securities of one or more Series, or any Guarantees
endorsed thereon or attached thereto, any property or assets and to secure, or, if applicable, provide additional security for, any Securities or Guarantees and to provide for matters relating thereto, and to provide for the release of any
collateral as security for any Securities or Guarantees; 
 (c) to evidence the succession of another entity to the Company, or successive
successions, and the assumption by the successor entity of the covenants, agreements and obligations of the Company or such Guarantor herein and in the Securities or the Guarantees of such Guarantor, as the case may be, and to provide for the
assumption of the Company’s or any Guarantor’s obligations to Holders of Notes in the case of a merger or consolidation or sale of all of substantially all of the Company’s or such Guarantor’s assets; 

(d) to add to the covenants and/or Events of Default of the Company or any Guarantor such further covenants, restrictions, conditions,
provisions and/or Events of Default as the Company’s Board of Directors, applicable Guarantor’s Board of Directors and the Trustee shall consider to be for the protection of the Holders of Securities of any or all Series and, if such
additional covenants and/or Events of Default are to be for the benefit of less than all the Series of Securities stating that such covenants and/or Events of Default are being added solely for the benefit of such Series, and to make the
occurrence, or the occurrence and continuance, of a default in any such additional covenants, restrictions, conditions or provisions an Event of Default permitting the enforcement of all or any of the several remedies provided in this Indenture as
herein set forth (and if such additional Events of Default are to be for the benefit of less than all Series of the Securities stating that such Events of Default are being added solely for the benefit of such Series); provided, that in respect
of any such additional covenant, restriction, condition, provision and/or Event of Default such supplemental indenture may provide for a particular period of grace after default (which period may be shorter or longer than that allowed in the case of
other defaults) or may provide for an immediate enforcement upon such an Event of Default or may limit the remedies available to the Trustee upon such an Event of Default or may limit the right of the Holders of a majority in aggregate principal
amount of the Securities of such Series or any Guarantees endorsed thereon or attached thereto to waive such an Event of Default; 

  
 35 

 (e) to establish the form or terms of Securities of such Series and any Guarantees endorsed
thereon or attached thereto, as permitted by Sections 2.01 and 2.02; 
 (f) to add to or change any of the provisions of this Indenture to
such extent as shall be necessary to permit or facilitate the issuance of Securities in bearer form, registrable or not registrable as to principal, and with or without interest coupons or to permit or facilitate the issuance of Securities in
uncertificated form; 
 (g) 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 the one Trustee, pursuant to the requirements
of Section 7.08, or to comply with the rules of any applicable securities depository; 
 (h) to change or eliminate any of the
provisions of this Indenture, provided that any such change or elimination shall not apply to any outstanding Security of any Series issued prior to the execution of such supplemental indenture which is entitled to the benefit of such provision;

 (i) to make any change that would provide any additional rights or benefits to the Holders of the Securities or that does not materially
adversely affect the legal rights hereunder of any Holder of the Securities; 
 (j) to supplement any of the provisions of this Indenture to
such extent as shall be necessary to permit or facilitate the defeasance and discharge of any Series of Securities pursuant to Article 8, provided that any such action shall not adversely affect the interests of the Holders of Securities of such
Series or any other Series of Securities in any material respect; 
 (k) to add any Person as an additional Guarantor under this Indenture,
to add additional Guarantees or additional Guarantors in respect of any outstanding Securities under this Indenture, or to evidence the release and discharge of any Guarantor from its obligations under its Guarantees of any Securities and its
obligations under this Indenture in respect of any Securities in accordance with the terms of this Indenture or any supplemental indenture; 

(l) to conform their text to any provision of the “Description of Debt Securities” or “Description of the Notes” in any
base prospectus or in any provision in of the “Description of the Notes” in any prospectus supplement relating to the Securities or any Series of Securities to the extent that such provision was intended to be a verbatim recitation of a
provision set forth in this Indenture or any amendment or supplement hereto; 
 (m) to amend or supplement any provision contained herein,
which was required to be contained herein in order for this Indenture to be qualified under the TIA, if the TIA or regulations thereunder change what is so required to be included in qualified indentures, in any manner not inconsistent with what
then may be required for such qualification; 
 (n) to make any change in the provisions of this Indenture or any supplemental indenture
relating to subordination that would limit or terminate the benefits available to any holder of senior indebtedness under such provisions; provided that such change is made in accordance with the provisions of such senior indebtedness; or 

(o) to make any other provisions with respect to matters or questions arising under this Indenture, provided that such action pursuant to this
clause shall not adversely affect in any material respect the interests of the Holders of any Securities of any Series outstanding on the date of such indenture supplemental hereto. 

  
 36 

 Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing
the execution of any such amended or supplemental indenture, and upon receipt by the Trustee of the documents described in Section 7.02(b) hereof, the Trustee will join with the Company and any Guarantors in the execution of any amended or
supplemental indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any
property thereunder, but the Trustee will not be obligated to enter into such amended or supplemental indenture that affects its own rights, duties or immunities under this Indenture or otherwise. 

Any amended or supplemental indenture authorized by the provisions of this Section may be executed without the consent of the Holders of
any of the Securities at the time outstanding, notwithstanding any of the provisions of Section 9.02. 
 Section 9.02 With Consent of Holders
of Securities. 
 The Company, the applicable Guarantor(s), if any, and the Trustee may enter into an amended or supplemental indenture,
with the written consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Securities of each Series affected by such amended or supplemental indenture (voting together as a single class and including
consents obtained in connection with a tender offer or exchange offer for the Securities of any such Series), for the purpose of adding any provisions to or amending in any manner or eliminating any of the provisions of this Indenture, of any
resolutions of the Company’s Board of Directors or Officer’s Certificate establishing the Securities of each such Series, or of any amended or supplemental indenture or of modifying in any manner the rights of the Holders of each such
Series. 
 Except as provided in Section 6.04, the Holders of a majority in aggregate principal amount of the then outstanding
Securities of any Series by notice to the Trustee (including waivers obtained in connection with a tender offer or exchange offer for the Securities of such Series) may waive compliance by the Company or any Guarantor of Securities of such Series
with any provision of this Indenture or the Securities or the applicable Guarantee with respect to such Series. 
 A supplemental indenture
which changes or eliminates any covenant or other provision of this Indenture which has expressly been included solely for the benefit of one or more particular Series of Securities, or which modifies the rights of the Holders of Securities of only
one or more particular Series with respect to a covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other Series. 

Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing the execution of any such amended or
supplemental indenture, and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Securities of such Series as aforesaid, and upon receipt by the Trustee of the documents described in
Section 7.02(b) hereof, the Trustee will join with the Company and any Guarantors in the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly affects the Trustee’s own rights,
duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but will not be obligated to, enter into such amended or supplemental indenture. 

It shall not be necessary for the consent of the Holders of Securities under this Section 9.02 to approve the particular form of any
proposed amended or supplemental indenture or waiver, but it shall be sufficient if such consent approves the substance thereof. 
 After an
amended or supplemental indenture or waiver under this Section 9.02 becomes effective, the Company shall mail to the Holders of Securities of each such Series affected thereby a notice briefly describing the amended or supplemental indenture or
waiver; provided, however, that any failure by the Company to mail or publish such notice, or any defect therein, shall not in any way impair or affect the validity of any such supplemental indenture or waiver. A waiver by a Holder of such
Holder’s rights to consent under this Indenture or any supplemental indenture shall be deemed to be a consent of such Holder. 

  
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 Section 9.03 Limitations. 

Without the consent of each Holder affected, an amendment, supplement or waiver under Section 9.02 may not (with respect to any
Securities held by a non-consenting Holder): 
 (a) reduce the principal amount of Securities whose Holders must consent to an amendment,
supplement or waiver; 
 (b) reduce the principal of, or premium, if any, on, 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; 
 (c) reduce the rate of or extend the
time for payment of interest (including default interest) on any Security; 
 (d) alter any of the provisions with respect to the redemption
of the Securities of any Series; 
 (e) waive a Payment Default (except a rescission of acceleration of the Securities of any Series by the
Holders as provided in Section 6.02 or a waiver of a non-continuing Payment Default that resulted from such acceleration as provided in Section 6.04); 

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

(g) make any change in Sections 6.04, 6.07 or this Section 9.03; 

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

(i) in the case of any Security that is subject to a Guarantee, release the Guarantor of such Guarantee from any of its obligations under such
Guarantee, except in accordance with the terms of this Indenture or in any supplemental indenture relating to the Securities of any Series; or 

(j) make any change in the ranking or priority of any Security or any Guarantee thereof that would adversely affect the Holders of such
Security. 
 Section 9.04 Compliance with Trust Indenture Act. 

Every amendment or supplement to this Indenture or the Securities of such Series will be set forth in an amended or supplemental
indenture that complies with the TIA as then in effect. 
 Section 9.05 Revocation and Effect of Consents. 

Until an amendment is set forth in an amended or supplemental indenture 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 or her Security or portion of a Security if the Trustee receives the notice of revocation before the date of the supplemental indenture or the date the waiver becomes
effective. 

  
 38 

 Any amendment or waiver once effective shall bind every Holder of each Series affected by such
amendment or waiver unless it is of the type described in any of clauses (a) through (k) of Section 9.03. 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. 
 Section 9.06 Notation on or Exchange of
Securities. 
 The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Security, together with any
Guarantees endorsed thereon, thereafter authenticated. The Company in exchange for all Securities of such Series may issue and the Trustee shall, upon receipt of an Authentication Order, authenticate a new Security, together with any Guarantees
endorsed thereon, that reflect the amendment, supplement or waiver. 
 Failure to make the appropriate notation or issue a new Security,
together with any Guarantees endorsed thereon, or attached thereto, will not affect the validity and effect of such amendment, supplement or waiver. 

Section 9.07 Trustee to Sign Amendments, etc. 

The Trustee will sign any amended or supplemental indenture authorized pursuant to this Article 9 if the amendment or supplement does not
adversely affect the rights, duties, liabilities or immunities of the Trustee. The Company may not sign an amended or supplemental indenture until its Board of Directors approves it. In executing any amended or supplemental indenture, the Trustee
will be entitled to receive and (subject to Section 7.01 hereof) will be fully protected in relying upon an Officer’s Certificate and an Opinion of Counsel stating that the execution of such amended or supplemental indenture is authorized
or permitted by this Indenture. 
 Section 9.08 Effect of Supplemental Indenture. 

Upon the execution of any amended or supplemental indenture pursuant to the provisions hereof, this Indenture shall be and be deemed to be
modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company, any Guarantors and the Holders of Securities of each
Series shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such amended or supplemental indenture shall be and be deemed to be
part of the terms and conditions of this Indenture for any and all purposes. 
 ARTICLE 10 

GUARANTEES 
 Section 10.01
Applicability of Article. 
 Any Subsidiary of the Company may become a Guarantor of Securities of a Series to which this
Article 10 is made applicable as provided in Section 2.02 by executing and delivering to the Trustee a supplemental indenture which subjects such Subsidiary to the provisions of Article 10 of this Indenture as a guarantor of such
Securities of such Series. If, pursuant to Section 2.02, provision is made for Securities of any Series to be guaranteed by any Guarantor, then the provisions of this Article 10 shall be applicable to the Securities of such Series and the
terms of the Guarantees of the Securities of such Series. 
 Section 10.02 Guarantee. 

(a) Subject to this Article 10, each of the Guarantors, if any, hereby, jointly and severally, unconditionally guarantees to each Holder
of a Security authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Securities of such Series or the obligations of the Company
hereunder or thereunder, that: 

  
 39 

 (1) the principal of, premium on, if any, and interest on, if any, the Securities
of such Series that are to be guaranteed by the Guarantee of the Guarantors, if any, pursuant to Section 2.02, will be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue
principal of, premium on, if any, and interest on, if any, the Securities of such Series, if lawful, and all other obligations of the Company to the Holders thereof or the Trustee hereunder or thereunder will be promptly paid in full or performed,
all in accordance with the terms hereof and thereof; and 
 (2) in case of any extension of time of payment or renewal of
such Securities of such Series that are to be guaranteed by the Guarantee of the Guarantors, if any, pursuant to Section 2.02 or any of such other obligations, that same will be promptly paid in full when due or performed in accordance with the
terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 
 (b) Failing payment when due of any amount
so guaranteed or any performance so guaranteed for whatever reason, the Guarantors, if any, will be jointly and severally obligated to pay the same immediately. Each Guarantor, if any, agrees that this is a guarantee of payment and not a guarantee
of collection. 
 (c) Each Guarantor, if any, hereby agrees that its obligations hereunder are unconditional, irrespective of the validity,
regularity or enforceability of the Securities of such Series or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Securities of such Series with respect to any provisions hereof or
thereof, the recovery of any judgment against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a Guarantor. Each Guarantor, if any, hereby waives
diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenant
that this Guarantee will not be discharged except by complete performance of the obligations contained in the Securities of such Series and this Indenture. 

(d) If any Holder of Securities of such Series or the Trustee is required by any court or otherwise to return to the Company, any
Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or any Guarantors, any amount paid by any of them to the Trustee or such Holder, this Guarantee, to the extent theretofore
discharged, will be reinstated in full force and effect. 
 (e) Each Guarantor, if any, agrees that it will not be entitled to any right of
subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor, if any, further agrees that, as between any Guarantors, on the one hand, and the
Holders of Securities of such Series and the Trustee, on the other hand, (1) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 hereof for the purposes of this Guarantee, notwithstanding any stay,
injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in Article 6 hereof, such obligations
(whether or not due and payable) will forthwith become due and payable by the Guarantors for the purpose of this Guarantee. The Guarantors, if any, will have the right to seek contribution from any non-paying Guarantor so long as the exercise of
such right does not impair the rights of the Holders of Securities of such Series under the Guarantee. 
 (f) No Guarantee by any Guarantor
of any Security, whether or not such Guarantee is or is to be endorsed thereon or attached thereto, shall be valid and obligatory for any purpose with respect to such Security until the certificate of authentication on such Security shall have been
signed by or on behalf of the Trustee. 
 Section 10.03 Limitation on Guarantor Liability. 

Each Guarantor, if any, of any Security, and by its acceptance of any Security, each Holder, hereby confirms that it is the intention of all
such parties that the Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to
the extent applicable to any Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors, if any, hereby irrevocably agree that the obligations of any such Guarantor will be limited to the maximum amount that
will, after giving effect to such maximum amount and all other contingent and fixed liabilities of any such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or payments
made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under this Article 10, result in the obligations of such Guarantor under its Guarantee not constituting a fraudulent transfer or conveyance. 

  
 40 

 Section 10.04 Guarantors May Consolidate, etc., on Certain Terms. 

Except as otherwise provided in Section 10.05 hereof, no Guarantor, if any, may sell or otherwise dispose of all or substantially all of
its assets to, or consolidate with or merge with or into (whether or not such Guarantor is the surviving Person) another Person, other than the Company or another Guarantor, unless: 

(1) immediately after giving effect to such transaction, no Default or Event of Default has occurred and is continuing; 

(2) subject to Section 10.05 hereof, the resulting, surviving or transferee Person will be an entity organized and
existing under the laws of the United States, any state of the United States or the District of Columbia, and such Person (if not such Guarantor) will expressly assume all of the obligations of such Guarantor under its Guarantee; and 

(3) the Company will have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
such consolidation, merger or transfer and such supplemental agreements (if applicable) comply with this Indenture; 
 provided, however, that the
foregoing will not apply to any such consolidation or merger with or into, or conveyance, transfer or lease to, any Person if the resulting, surviving or transferee Person is not or will not be a Subsidiary of the Company and the other terms of this
Indenture and Securities of such Series are complied with. 
 In case of any such consolidation, merger, sale or conveyance and
upon the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Guarantee endorsed upon the Securities of such Series and the due and punctual
performance of all of the covenants and conditions of this Indenture to be performed by the Guarantor, such successor Person will succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a
Guarantor. Such successor Person thereupon may cause to be signed any or all of the Guarantees to be endorsed upon all of the Securities of such Series issuable hereunder which theretofore shall not have been signed by the Company and
delivered to the Trustee. All the Guarantees so issued will in all respects have the same legal rank and benefit under this Indenture as the Guarantees theretofore and thereafter issued in accordance with the terms of this Indenture as though
all of such Guarantees had been issued at the date of the execution hereof. 
 Nothing contained in this Indenture or in any of the
Securities of such Series will prevent any consolidation or merger of a Guarantor with or into the Company or another Guarantor, or will prevent any sale or conveyance of the property of a Guarantor as an entirety or substantially as an entirety to
the Company or another Guarantor. 
 Section 10.05 Releases. 

Each Guarantor shall, upon the occurrence of any of the following events, be automatically and unconditionally released and discharged from
all obligations under this Indenture and its Guarantee of each Series of the Securities, and the Holders of each Series of the Securities will be deemed to have consented to such release without any action required on the part of the Trustee or any
Holder of Securities, if: 
 (a) all of the shares of stock of such Guarantor are sold, exchanged or otherwise disposed of to a Person that
is not (either before or after giving effect to such transaction) the Company or a Subsidiary of the Company; 
 (b) all or substantially
all of the assets of such Guarantor are sold or otherwise disposed of, including by way of merger, consolidation or amalgamation, to a Person that is not (either before or after giving effect to such transaction) the Company or a Subsidiary of the
Company; 

  
 41 

 (c) upon any Legal Defeasance or Covenant Defeasance; or 

(d) any other condition to release as specified in a supplemental indenture to this Indenture is satisfied. 

If any condition to release contained in this Section 10.05 has been satisfied, the Trustee shall execute and deliver any documents
reasonably requested by the Company or such Guarantor in order to evidence the release of such Guarantor from all of its obligations under the Guarantee and this Indenture. Notwithstanding the foregoing, any failure to execute such documents shall
in no way affect the release of such Guarantor pursuant to this Section 10.05, which release shall be automatic and unconditional upon satisfaction of any of the conditions to release set forth in (or specified as contemplated by)
clauses (a), (b), (c) or (d) above. 
 Any Guarantor not released from its obligations under any Guarantee as provided in this
Section 10.05 will remain liable for the full amount of principal of, premium on, if any, and interest on, if any, the Securities of such Series and for the other obligations of such Guarantor under this Indenture as provided in this
Article 10. 
 ARTICLE 11 

SECURITY 
 Section 11.01
Security. 
 If so provided pursuant to Section 2.02 with respect to the Securities of such Series, the Securities of such
Series and any Guarantees endorsed thereon or attached thereto may be secured by such property, assets or other collateral as may be specified in or pursuant to Section 2.02. Any and all terms and provisions applicable to the security
for the Securities of such Series shall also be provided in or pursuant to Section 2.02, which may include provisions for the execution and delivery of such security agreements, pledge agreements, collateral agreements and other similar or
related agreements as the Company and any applicable Guarantors may elect and which may provide for the Trustee to act as collateral agent or in a similar or other capacity. 

Section 11.02 Trustee Compliance with TIA. 

The Trustee shall comply with Sections 313(a)(5) and (6) and 313(b)(1) of the TIA and the Company and any applicable Guarantors shall
comply with Sections 314(b), 314(c) and 314(d) of the TIA, in each case in respect of any secured Securities that may be outstanding hereunder from time to time and any secured Guarantees endorsed on or attached to any Securities that may be
outstanding hereunder from time to time. 
 ARTICLE 12  

MISCELLANEOUS 
 Section 12.01 Trust
Indenture Act Controls. 
 If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by TIA
§318(c), the imposed duties will control. 
 Section 12.02 Notices. 

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

If to the Company or any Guarantor: 

General Motors Financial Company, Inc. 

801 Cherry Street, Suite 3500 

Fort Worth, TX 76102 

Telecopier No.: (817) 302-7897 

Attention: Chief Financial Officer 

  
 42 

 With a copy to: 

Hunton & Williams LLP 

1445 Ross Avenue, Suite 3700 

Dallas, TX 75202 

Telecopier No.: (214) 468-3599 

Attention: L. Steven Leshin 

If to the Trustee: 

[                    
    ] 

[                    
    ] 

[                    
    ] 

[                    
    ] 

[                    
    ] 
 The Company, any Guarantor or the Trustee, by notice to the others, may designate additional or different
addresses for subsequent notices or communications. 
 All notices and communications (other than those sent to Holders) will be deemed to
have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if transmitted by facsimile; and the next Business Day after
timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. 
 Any notice or communication to a Holder
will be mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. Any notice or communication will also
be so mailed to any Person described in TIA §313(c), to the extent required by the TIA. Failure to mail a notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders. 

If a notice or communication is mailed in the manner provided above within the time prescribed, it is duly given, whether or not the addressee
receives it. 
 If the Company mails a notice or communication to Holders, it will mail 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 a 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 if given to the Depositary for such Security (or its designee) pursuant to customary procedures
of such Depositary. 
 Section 12.03 Communication by Holders of Securities with Other Holders of Securities. 

Holders may communicate pursuant to TIA §312(b) with other Holders with respect to their rights under this Indenture or the
Securities. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA §312(c). 

  
 43 

 Section 12.04 Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the
Trustee: 
 (a) an Officer’s Certificate in form and substance reasonably satisfactory to the Trustee (which must include the
statements set forth in Section 12.05 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have been satisfied; and 

(b) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee (which must include the statements set forth in
Section 12.05 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been satisfied. 

Section 12.05 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)) must comply with the provisions of TIA §314(e) and must include: 
 (a) a statement that
the Person making such certificate or opinion has read such covenant or condition; 
 (b) a brief statement as to the nature and scope of
the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (c) a
statement that, in the opinion of such Person, he or she has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 

(d) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been satisfied. 

Section 12.06 Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable
rules and set reasonable requirements for its functions. 
 Section 12.07 No Personal Liability of Directors, Officers, Employees and
Shareholders. 
 No director, officer, employee, incorporator or shareholder of the Company or any Guarantor, as such, will have any
liability for any obligations, covenants or agreements of the Company or any Guarantors under the Securities of any Series, this Indenture, any Guarantees or for any claim based on, in respect of, or by reason of, such obligations, covenants or
agreements or their creation. Each Holder of Securities of any Series by accepting Securities of any Series waives and releases all such liability. The waiver and release are part of the consideration for issuance of the
Securities of any Series. The waiver may not be effective to waive liabilities under the federal securities laws. 
 Section 12.08 Governing
Law. 
 THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE, THE SECURITIES OF ANY SERIES AND
THE GUARANTEES, IF APPLICABLE, WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

  
 44 

 Section 12.09 No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any other
Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 12.10 Successors. 

All agreements of the Company in this Indenture and the Securities of any Series will bind its successors. All agreements of the
Trustee in this Indenture will bind its successors. All agreements of each Guarantor in this Indenture will bind its successors, except as otherwise provided in Section 10.04 hereof. 

Section 12.11 Severability. 
 In
case any provision in this Indenture or in the Securities of any Series is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 

Section 12.12 Counterpart Originals. 

The parties may sign any number of copies of this Indenture. Each signed copy will be an original, but all of them together represent the
same agreement. 
 Section 12.13 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 of this Indenture and will in no way modify or restrict any of the terms or provisions hereof. 

Section 12.14 Force Majeure. 
 The
Trustee and Agents shall not incur any liability for not performing any act or fulfilling any duty, obligation or responsibility hereunder by reason of any occurrence beyond the control of the Trustee and Agents (including but not limited to any act
or provision of any present or future law or regulation or governmental authority, any act of God or war, civil unrest, local or national disturbance or disaster, any act of terrorism, or the unavailability of the Federal Reserve Bank wire or
facsimile or other wire or communication facility). 
 [Signatures on following page] 

  
 45 

 SIGNATURES 
 Dated
as of [                    ] 
  

			
	General Motors Financial Company, Inc.
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	[                                    
            ], as Trustee
		
	By:	 	 
		 	Name:
		 	Title:

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