Document:

EXHIBIT 4.2

 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY
THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES.

 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS
IN WHOLE, BUT NOT IN PART, TO NOMINEES OF THE DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE
AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS OF THE
INDENTURE.

 

HONEYWELL INTERNATIONAL INC.

3.812% Senior Note Due 2047

 

	REGISTERED No.	U.S. $	 
	Registered CUSIP: 438516BS4	 	 
	Registered ISIN: US438516BS48	 	 

 

HONEYWELL INTERNATIONAL INC., a Delaware corporation
(the “Company,” which term includes any successor corporation under the Indenture described herein), for value received,
hereby promises to pay to CEDE & CO. or its registered assigns, the principal sum of ____________ U.S. DOLLARS (U.S. $______)
on November 21, 2047 (the “Maturity Date”), and to pay interest on said principal sum semiannually in arrears on May
21 and November 21 of each year, commencing May 21, 2018 (each such date on which the Company is required to pay interest being
referred to herein as an “Interest Payment Date”), at the interest rate of 3.812% per annum from November 21, 2017,
or from the most recent date in respect of which interest has been paid or duly provided for, until payment of said principal sum
has been made or duly provided for. Notwithstanding the foregoing, if the Stated Maturity of the principal of this Security, or
any Interest Payment Date, falls on a date that is not a Business Day, the principal or interest, as the case may be, payable on
such date will be payable on the next succeeding Business Day with the same force and effect as if paid on such date. The amount
of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year of twelve 30-day months. The
interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture,
be paid to the person in whose name this Security (or one or more predecessor Securities) is registered at the close of business
on May 6 or November 6 (each being referred to herein as a “Regular Record Date”), as the case may be, immediately
preceding such Interest Payment Date. As used herein, “Business Day” means any day, other than Saturday or Sunday,
on which banks are not required or authorized by law or executive order to close in New York City.

 

Interest on this Security will accrue from the
most recent date to which interest has been paid on this Security or the Security surrendered in exchange for this Security (or,
if there is no existing default in the payment of interest and if this Security is authenticated between a regular record date
and the next

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interest payment date, from such interest payment
date) or, if no interest has been paid, from the date of issuance. Interest will be computed on the basis of a 360-day year of
twelve 30-day months.

 

Payments of interest, principal and premium,
if any, on this Security will be made (except as specified below) by wire transfer in same day funds to the Registered Holder at
such Holder’s address appearing on the Security Register on the relevant Regular Record Date. In the event the Securities
are issued in fully certificated registered form, such payments will be made at the corporate trust office of the Trustee in New
York City, or at the option of the Company, by mailing a check to such Registered Holder.

 

Initially, Deutsche Bank Trust Company Americas
will be the Paying Agent for this Security. The Company reserves the right at any time to remove any Paying Agent without notice
to the Holders, to appoint additional or other Paying Agents without notice to the Holders and to approve any change in the office
through which any Paying Agent acts; provided, however, that there will at all times be a Paying Agent in New York
City.

 

This is one of the Securities issued under an
indenture dated November 21, 2017 (the “Indenture”) between the Company and Deutsche Bank Trust Company Americas, as
trustee (the “Trustee”), to which Indenture and all other indentures supplemental thereto reference is hereby made
for a statement of the rights and limitations of rights thereunder of the Holders of the Securities and of the rights, obligations
and duties of the Company, the Trustee and the Paying Agent for this Security, and the terms upon which the Securities are, and
are to be, authenticated and delivered. Each capitalized term used herein and not otherwise defined herein shall have the meaning
assigned thereto in the Indenture.

 

The Indenture limits the original aggregate principal
amount of the Securities to $444,859,000, but Additional Securities may be issued pursuant to the Indenture, and the originally
issued Securities and all such Additional Securities vote together for all purposes as a single class.

 

This Security is subject to redemption, in whole
or in part, at the option of the Company at any time or from time to time, upon mailed notice to the registered address of each
Holder of Securities to be redeemed at least 10 days but not more than 60 days prior to the redemption. Prior to May 21, 2047 (six
months prior to the maturity date of the Securities (the “Par Call Date”)), the “make-whole premium” redemption
price will be equal to the greater of (1) 100% of the principal amount of the Securities to be redeemed and (2) the sum of the
present values of the Remaining Scheduled Payments (as defined below) on such Securities that would be due if such notes matured
on the Par Call Date (not including the amount, if any, of accrued and unpaid interest to, but excluding, the date of redemption),
discounted to the date of redemption, on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months), at a
rate equal to the sum of the Treasury Rate (as defined below) plus 15 basis points. Accrued interest will be paid to, but excluding,
the redemption date.

 

At any time on or after the Par Call Date, the
Securities are redeemable, in whole or in part, at any time and from time to time, at the Company’s option at a redemption
price equal to 100% of the principal amount of such notes to be redeemed plus accrued interest to, but not including, the redemption
date.

 

“Comparable Treasury Issue” means
the United States Treasury security selected by a Reference Treasury Dealer (as defined below) as having an actual or interpolated
maturity comparable to the remaining term of the Securities called for redemption, that would be utilized, at the time of selection
and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity
to the remaining term of the Securities called for redemption calculated, with respect to the Securities redeemed prior to the
Par Call Date, as if the maturity date of the Securities were the Par Call Date.

 

“Comparable Treasury Price” means,
with respect to any redemption date, the average, as determined by the Company, of the Reference Treasury Dealer Quotations (as
defined below) for that redemption date.

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“Reference Treasury Dealer” means
each of Barclays Capital Inc. and Goldman Sachs & Co. LLC, and each of their respective successors. If any one shall cease
to be a primary U.S. Government securities dealer, the Company will substitute another nationally recognized investment banking
firm that is a primary U.S. Government securities dealer.

 

“Reference Treasury Dealer Quotations”
means, on any redemption date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury
Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by each Reference Treasury
Dealer at 3:30 p.m., New York City time, on the third Business Day preceding that redemption date.

 

“Remaining Scheduled Payments” means
the remaining scheduled payments of principal of and interest on the Securities called for redemption that would be due after the
related redemption date but for that redemption. If that redemption date is not an interest payment date with respect to the Securities
called for redemption, the amount of the next succeeding scheduled interest payment on such Securities will be reduced by the amount
of interest accrued to such redemption date.

 

“Treasury Rate” means, with respect
to any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity (computed as of the third Business
Day immediately preceding that redemption date) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury
Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that redemption date.

 

On and after a redemption date, interest will
cease to accrue on the Securities called for redemption (unless the Company defaults in the payment of the redemption price and
accrued interest). On or before a redemption date, the Company will deposit with a paying agent (or the Trustee) money sufficient
to pay the redemption price of and accrued interest on the Securities to be redeemed on that date. If less than all of the Securities
are to be redeemed, the Securities to be redeemed shall be selected by the trustee in accordance with the procedures of the Depositary
Trust Company. This Security will not be subject to any sinking fund.

 

If an Event of Default with respect to the Security
shall occur and be continuing, the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities
may declare the principal of all the Securities due and payable in the manner and with the effect provided in the Indenture.

 

The Indenture permits, with certain exceptions
as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of
the Holders of the Securities under the Indenture at any time by the Company and the Trustee with the consent of the Holders of
a majority in aggregate principal amount of the Securities at the time Outstanding affected thereby. The Indenture also contains
provisions permitting the Holders of a majority in aggregate principal amount of the Securities to be affected at the time Outstanding,
on behalf of the Holders of all Securities, to waive compliance by the Company with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive
and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer
hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security.

 

Except as provided below in the case of a defeasance,
no reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation
of the Company, which is absolute and unconditional, to pay the principal of and interest on this Security at the times, place
and rate, and in the coin or currency, herein and in the Indenture prescribed.

 

Under the terms of the Indenture, the Company
may satisfy and discharge its obligations with respect to the Securities by depositing in trust for the Holders of the Outstanding
Securities an amount in cash or the equivalent in securities of the government which issued the currency in which the Securities
are denominated or government agencies backed by the full faith and credit of such government sufficient to

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pay and discharge the entire indebtedness on the
Securities for principal of and premium, if any, and interest then due or to become due to the Stated Maturity of the principal
of the Securities (a “defeasance”). In such event, the Company will be released and discharged from its obligations
to pay interest on the Securities and to pay the principal thereof at its Maturity.

 

A Holder may register the transfer or exchange
of the Securities in accordance with the Indenture. The Trustee may require a Holder to furnish appropriate endorsements and transfer
documents and to pay any taxes and fees required by law or permitted by the Indenture.

 

This Security is issuable only in fully registered
form, without coupons, in minimum denominations of $2,000 and any integral multiple of $1,000 in excess thereof.

 

No service charge will be imposed in connection
with any transfer or exchange of any Security, but the Company may require payment of a sum sufficient to cover any transfer tax
or similar governmental charge payable in connection therewith.

 

This Security and all the obligations of the
Company hereunder are direct, senior unsecured and unsubordinated obligations of the Company and rank pari passu
with all other senior unsecured and unsubordinated indebtedness of the Company from time to time outstanding.

 

This Security shall be construed in accordance
with and governed by the laws of the State of New York.

 

Unless the certificate of authentication hereon
has been manually executed by or on behalf of the Trustee under the Indenture, this Security shall not be entitled to any benefits
under the Indenture or be valid or obligatory for any purpose.

 

IN WITNESS WHEREOF, HONEYWELL INTERNATIONAL INC.
has caused this Security to be executed under its corporate seal.

 

Dated:

 

	[Seal]	HONEYWELL INTERNATIONAL INC.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

ATTEST:

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

[Signature Page –Global Security]

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ABBREVIATIONS

 

The following abbreviations,
when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according
to applicable laws or regulations.

 

TEN COM–as tenants in common

 

	UNIF GIFT MIN ACT–	 	Custodian	 

 

Under Uniform Gifts to Minors

Act

 

 

 

TEN ENT–as tenants by the entireties

 

JT TEN–as joint tenants with right of survivorship
and not as tenants in common

 

Additional abbreviations
may also be used though not in the above list.

 

FOR THE VALUE RECEIVED, the undersigned hereby sell(s), assign(s)
and transfer(s) unto

 

Please Insert Social Security or Other

Identifying Number of Assignee:

 

 

 

 

 

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS

INCLUDING ZIP CODE OF ASSIGNEE:

 

 

 

 

 

 

 

the within Security and all rights thereunder, hereby irrevocably
constituting and appointing attorney to transfer said Security on the books of the Company, with full power of substitution in
the premises.

 

	Dated:	 	 	 

 

NOTICE: The signature to this assignment must correspond with the
name as written upon the face of the within instrument in every particular, without alteration or enlargement, or any change whatever.

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[THE FOLLOWING PROVISION TO BE INCLUDED ON ALL CERTIFICATES BEARING
A RESTRICTED LEGEND]

 

In connection with any transfer
of this Security occurring prior to ______________, the undersigned confirms that such transfer is made without utilizing any general
solicitation or general advertising and further as follows:

 

Check One

 

o           (1)           This Security is
being transferred to a “qualified institutional buyer” in compliance with Rule 144A under the Securities Act of 1933,
as amended and certification in the form of Exhibit E to the Indenture is being furnished herewith.

 

o           (2)           This Security is being transferred to a Non-U.S. Person in compliance with the exemption from registration
under the Securities Act of 1933, as amended, provided by Regulation S thereunder, and certification in the form of Exhibit D to
the Indenture is being furnished herewith.

 

or

 

o           (3)           This Security is being transferred other than in accordance with (1) or (2) above and documents are
being furnished which comply with the conditions of transfer set forth in this Security and the Indenture.

 

If none of the foregoing
boxes is checked, the Trustee is not obligated to register this Security in the name of any Person other than the Holder hereof
unless and until the conditions to any such transfer of registration set forth herein and in the Indenture have been satisfied.

 

	Date:	 	 

 

	 	Seller	 
	 	 	 
	 	By	 

 

NOTICE: The signature to this assignment
must correspond with the name as written upon the face of the within mentioned instrument in every particular, without alteration
or any change whatsoever.

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SCHEDULE
OF EXCHANGES OF SECURITIES

 

The following exchanges
of a part of this Global Security for Certificated Securities or a part of another Global Security have been made:

 

	
        Date of 

Exchange
	 	
        Amount of
        

decrease in

 principal 

amount of this

 Global Security
	 	
        Amount of
        

increase in 

principal 

amount of this

 Global Security
	 	
        Principal
        Amount 

of this Global 

Security 

following such 

decrease (or 

increase)
	 	
        Signature
        of

 authorized 

officer of 

Trustee

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Unless the certificate of
authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature of one of its authorized
signatories, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

 

[Form of Trustee’s Certificate of Authentication]

 

	Dated:	CERTIFICATE OF AUTHENTICATION

 

This is one of the Securities

designated therein referred to in the

within-mentioned Indenture.

 

Deutsche Bank Trust Company Americas,
as

Trustee

 

	 	By:	 
	 	Name:
	 	Title:

 

[Signature Page – Global Security]

    	A-8EXHIBIT 4.3 

 

HONEYWELL INTERNATIONAL INC.

 

REGISTRATION RIGHTS AGREEMENT

 

November 21, 2017

To the Persons Named on

Schedule I hereto

 

Ladies and Gentlemen:

 

Honeywell International Inc., a Delaware
corporation (the “Company”), has made offers (the “Exchange Offers”) to exchange its 3.812%
Senior Notes due 2047 (the “Securities”) to be issued pursuant to the indenture dated the date hereof (the “Indenture”),
between the Company and Deutsche Bank Trust Company Americas, as trustee (the “Trustee”), and cash in an amount
specified in the Exchange Offers for its issued and outstanding (i) 6.625% Debentures due 2028, (ii) 5.70% Senior Notes due 2036,
(iii) 5.70% Senior Notes due 2037 and (iv) 5.375% Senior Notes due 2041 (collectively, the “Outstanding Securities”)
held by eligible holders. The Company agrees with you, for the benefit of the Holders (as defined below), as follows:

 

1.          Definitions.
As used in this Agreement, the following capitalized defined terms shall have the following meanings:

 

“Additional Interest” has the
meaning set forth in Section 7(a) hereof.

 

“Affiliate”
means with respect to any specified Person, any other Person directly or indirectly controlling, controlled by or under direct
or indirect common control with such specified Person. For purposes of this definition, “control” when used with respect
to any specified Person means the power to direct or cause the direction of the management and policies of such Person, directly
or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling,”
and “controlled” have meanings correlative to the foregoing.

 

“Agreement”
means this Registration Rights Agreement, as it may be amended, supplemented or modified from time to time.

 

“Business Day”
means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions, at the place where
any specified act pursuant to this Agreement is to occur, are authorized or obligated by law to close.

 

“Commission” means the Securities
and Exchange Commission.

    	 

    	

    

“Dealer Manager Agreement”
means the Dealer Manager Agreement dated October 23, 2017 among the Company and each of the dealer managers named on Schedule I
thereto.

 

“DTC” shall
have the meaning set forth in Section 2(c)(i) hereof.

 

“Exchange Offer Registration
Period” means the 180-day period following the consummation of the Registered Exchange Offer, exclusive of any period
during which any stop order shall be in effect suspending the effectiveness of the Exchange Offer Registration Statement; provided
that the Exchange Offer Registration Period shall not extend beyond the date on which Exchanging Dealers are no longer required
to deliver a prospectus in connection with the resale of any Exchange Securities.

 

“Exchange Offer Registration
Statement” means a registration statement of the Company on an appropriate form under the Securities Act with respect
to the Registered Exchange Offer, all amendments and supplements to such registration statement, including post-effective amendments,
in each case including the Prospectus contained therein, all exhibits thereto and all material incorporated by reference therein.

 

“Exchange Securities”
means debt securities of the Company identical in all material respects to the Securities (except that the interest rate step-up
provisions and the transfer restrictions will be modified or eliminated, as appropriate), to be issued under the Indenture in exchange
for Securities pursuant to the Registered Exchange Offer.

 

“Exchanging Dealer”
means any Holder which is a broker-dealer electing to exchange Securities acquired for its own account as a result of market-making
activities or other trading activities for Exchange Securities.

 

“Holder” means a holder
of the Securities or of any other securities into which the Securities are exchanged.

 

“Indemnified Holder Parties”
has the meaning set forth in Section 6(a) hereof.

 

“Indemnified Underwriter
Parties” has the meaning set forth in Section 6(a) hereof.

 

“Indenture” has the meaning
set forth in the preamble hereto.

 

“Losses” has the meaning set
forth in Section 6(a) hereof.

 

“Majority Holders”
means the Holders of a majority of the aggregate principal amount of securities registered under a Registration Statement.

 

“Managing
Underwriters” means the investment banker or investment bankers and manager or managers that shall administer an offering
of securities under a Shelf Registration Statement.

 

“Outstanding
Securities” has the meaning set forth in the preamble hereto.

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“Person”
means an individual, a corporation, a partnership, a limited liability company, an association, a trust or any other entity, including
a government or political subdivision or an agency or instrumentality thereof.

 

“Prospectus”
means the prospectus included in any Registration Statement (including, without limitation, a prospectus that discloses information
previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A under the
Securities Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion
of the Securities or the Exchange Securities, covered by such Registration Statement, and all amendments and supplements to the
Prospectus, including post-effective amendments.

 

“Registered Exchange Offer”
means the proposed offer to the Holders to issue and deliver to such Holders, in exchange for the Securities, a like principal
amount of the Exchange Securities.

 

“Registration Default” has the meaning
set forth in Section 7(a) hereof.

 

“Registered Exchange Offer Completion
Deadline” has the meaning set forth in Section 2(b) hereof.

 

“Registered Exchange Offer Effectiveness
Deadline” has the meaning set forth in Section 2(a) hereof.

 

“Registration Statement”
means any Exchange Offer Registration Statement or Shelf Registration Statement that covers any of the Securities or the Exchange
Securities pursuant to the provisions of this Agreement, all amendments and supplements to such registration statement, including,
without limitation, post-effective amendments, in each case including the Prospectus contained therein, all exhibits thereto and
all material incorporated by reference therein.

 

“Securities” has the meaning set
forth in the preamble hereto.

 

“Securities Act”
means the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder.

 

“Shelf Registration” means a registration
effected pursuant to Section 3 hereof.

 

“Shelf Registration Effectiveness
Deadline” has the meaning set forth in Section 3(a) hereof.

 

“Shelf Registration Period” has
the meaning set forth in Section 3(b) hereof.

 

“Shelf Registration Statement”
means a “shelf” registration statement of the Company pursuant to the provisions of Section 3 hereof which covers some
of or all the Securities or Exchange Securities, as applicable, on an appropriate form under Rule 415 under the Securities Act,
or any similar rule that may be adopted by the Commission, all amendments and supplements to such registration statement, including
post-effective amendments, in each case

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including the Prospectus contained
therein, all exhibits thereto and all material incorporated by reference therein.

 

“Staff” means the staff of the Commission.

 

“Trustee” has the meaning set forth
in the preamble hereto.

 

“underwriter”
means any underwriter of securities in connection with an offering thereof under a Shelf Registration Statement.

 

2.          Registered
Exchange Offer; Resales of Exchange Securities by Exchanging Dealers.

 

(a)        To
the extent not prohibited by any applicable law or applicable interpretation of the Staff, the Company shall prepare and use commercially
reasonable efforts to file with the Commission the Exchange Offer Registration Statement with respect to the Registered Exchange
Offer. The Company shall use commercially reasonable efforts to cause the Exchange Offer Registration Statement to be declared
effective under the Securities Act within 365 days after the date of the original issuance of the Securities (or if such 365th
day is not a Business Day, the next succeeding Business Day) (the “Registered Exchange Offer Effectiveness Deadline”).

 

(b)       Upon
the effectiveness of the Exchange Offer Registration Statement, the Company shall (i) use commercially reasonable efforts to commence
promptly the Registered Exchange Offer and complete the Registered Exchange Offer not later than 395 days after the date of the
original issuance of the Securities (or if such 395th day is not a Business Day, the next succeeding Business Day) (the
“Registered Exchange Offer Completion Deadline”) and (ii) use commercially reasonable efforts to issue, promptly
after the expiration of such Registered Exchange Offer, the Exchange Securities in exchange for all Securities validly tendered
prior to the expiration of such Registered Exchange Offer.

 

(c)        In
connection with the Registered Exchange Offer, the Company shall:

 

(i)     mail
or otherwise make available to each Holder a copy of the Prospectus forming part of the Exchange Offer Registration Statement,
together with an appropriate letter of transmittal and related documents provided, however, Holders will be deemed to have received
the documents referred to above upon delivery of such documents to The Depository Trust Company (“DTC”) for distribution
to its participants;

 

(ii)     keep
the Registered Exchange Offer open for not less than 30 days after the date notice thereof is mailed to the Holders (or longer
if required by applicable law);

 

(iii)     utilize
the services of a depositary for the Registered Exchange Offer with an address in the Borough of Manhattan, The City of New York;
and

 

(iv)     comply
in all material respects with all applicable laws.

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(d)        As
soon as practicable after the close of the Registered Exchange Offer:

 

(i)     the
Company shall accept for exchange all Securities tendered and not validly withdrawn pursuant to the Registered Exchange Offer;

 

(ii)     the
Company shall deliver to the Trustee for cancellation all Securities so accepted for exchange; and

 

(iii)     the
Company shall instruct the Trustee to promptly authenticate and deliver to each Holder of Securities so accepted for exchange,
Exchange Securities equal in principal amount to the Securities of such Holder so accepted for exchange.

 

(e)        As
a condition to participating in the Registered Exchange Offer, a Holder will be required to represent to the Company that (i) the
Securities have been and any Exchange Securities received by it will be acquired in the ordinary course of its business, (ii) at
the time of the commencement of the Registered Exchange Offer it has no arrangement or understanding with any Person to participate
and is not engaged and does not intend to engage in the distribution (within the meaning of the Securities Act) of the Exchange
Securities in violation of the provisions of the Securities Act, (iii) it is not an “affiliate” (within the meaning
of Rule 405 under the Securities Act) of the Company or, if it is an “affiliate” of the Company, it will comply (at
its own expense) with the registration and prospectus delivery requirements of the Securities Act to the extent applicable, (iv)
it is not a broker-dealer tendering Securities that it acquired in exchange for Outstanding Securities acquired directly from the
Company for its own account, and (v) if such Holder is a broker-dealer that will receive Exchange Securities for its own account
in exchange for Securities that were acquired as a result of market-making or other trading activities, then such Holder will deliver
a Prospectus in connection with any resale of such Exchange Securities.

 

(f)        The
Company acknowledges that, pursuant to current interpretations by the Staff of Section 5 of the Securities Act, and in the absence
of an applicable exemption therefrom, each Exchanging Dealer is required to deliver a Prospectus in connection with any resale
of any Exchange Securities received by such Exchanging Dealer pursuant to the Registered Exchange Offer in exchange for Securities
acquired for its own account as a result of market-making activities or other trading activities. Accordingly, the Company shall:

 

(i)     indicate
in a “Plan of Distribution” section contained in the Prospectus forming a part of the Exchange Offer Registration Statement
that any Exchanging Dealer who holds Securities acquired for its own account as a result of market-making activities or other trading
activities may exchange such Securities for Exchange Securities pursuant to the Registered Exchange Offer; however, such Exchanging
Dealer may be deemed to be an “underwriter” within the meaning of the Securities Act and must, therefore, deliver a
prospectus meeting the requirements of the Securities Act in connection with any resales of the Exchange Securities received by
such Exchanging Dealer in the Registered

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Exchange Offer, which prospectus delivery requirement
may be satisfied by the delivery by such Exchanging Dealer of the Prospectus contained in the Exchange Offer Registration Statement.
Such “Plan of Distribution” section shall also contain all other information with respect to such resales by Exchanging
Dealers that the Commission or Staff may require in order to permit such resales pursuant thereto, but such “Plan of Distribution”
shall not name any such Exchanging Dealer or disclose the amount of Securities held by such Exchanging Dealer except to the extent
required by the Commission or the Staff.

 

(ii)     use
commercially reasonable efforts to keep the Exchange Offer Registration Statement continuously effective under the Securities Act
during the Exchange Offer Registration Period for delivery by Exchanging Dealers in connection with sales of Exchange Securities
received pursuant to the Registered Exchange Offer, as contemplated by Section 4(h) below.

 

3.        Shelf
Registration. If, (i) because of any change in law or applicable interpretations thereof by the Staff, the Company determines
that it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof, (ii) for any other reason
the Registered Exchange Offer is not completed by the Registered Exchange Offer Completion Deadline, (iii) any Holder informs the
Company prior to the day that is 20 days following the completion of the Registered Exchange Offer that it was prohibited by law
or Commission policy from participating in the Registered Exchange Offer (other than due solely to the status of such Holder as
an affiliate of the Company within the meaning of the Securities Act), or (iv) in the case of any Holder that participates in the
Registered Exchange Offer, such Holder does not receive freely tradable Exchange Securities in exchange for tendered Securities,
other than by reason of such Holder being an affiliate of the Company within the meaning of the Securities Act (it being understood
that, for purposes of this Section 3, the requirement that an Exchanging Dealer deliver a Prospectus in connection with resales
of Exchange Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market making
activities or other trading activities shall not result in such Exchange Securities being not “freely tradable”), the
following provisions shall apply:

 

(a)     The
Company shall use commercially reasonable efforts to file with the Commission and thereafter use commercially reasonable efforts
to cause to be declared effective under the Securities Act a Shelf Registration Statement within 210 days after the date, if any
on which the Company becomes obligated to file the Shelf Registration Statement (or if such 210th day is not a Business
Day, the next succeeding Business Day) (the “Shelf Registration Effectiveness Deadline”), or shall, if permitted
by Rule 430B under the Securities Act, otherwise designate an existing effective registration statement with the Commission for
use by the Holders as a Shelf Registration Statement, relating to the offer and sale of the Securities or the Exchange Securities,
as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set
forth in such Shelf Registration Statement, and any such existing registration statement, as so designated, shall be referred to
herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.

 

(b)     The
Company shall use commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit
the Prospectus forming part

    	6

    	

    

thereof to be usable by Holders
for a period of two years from the date of the original issuance of the Securities or such shorter period that will terminate when
all the Securities or Exchange Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to
the Shelf Registration Statement (in any such case, such period being called the “Shelf Registration Period”).
The Company shall be deemed not to have used commercially reasonable efforts to keep the Shelf Registration Statement effective
during the Shelf Registration Period if it voluntarily takes any action that would result in Holders of securities covered thereby
not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law or (ii)
such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company’s
obligation hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies
with the requirements of Section 4(k) hereof, if applicable.

 

4.         Registration
Procedures. In connection with any Shelf Registration Statement and, to the extent applicable, any Exchange Offer Registration
Statement, the following provisions shall apply:

 

(a)     The
Company shall furnish to you, prior to the filing or designation thereof with the Commission, a copy of any Registration Statement,
each amendment thereof and each amendment or supplement, if any, to the Prospectus included therein and shall use commercially
reasonable efforts to reflect in each such document, when so filed or designated with the Commission, such comments as you may
reasonably propose and to which the Company does not reasonably object.

 

(b)     The
Company shall ensure that (i) any Registration Statement and any amendment thereto and any Prospectus forming part thereof and
any amendment or supplement thereto complies in all material respects with the Securities Act and the rules and regulations thereunder,
(ii) any Registration Statement and any amendment thereto does not, when it becomes effective (or, in the case of a previously
filed registration statement that is effective at the time it is designated as a Shelf Registration Statement, when it is so designated),
contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make
the statements therein not misleading and (iii) any Prospectus forming part of any Registration Statement, and any amendment or
supplement to such Prospectus, does not include an untrue statement of a material fact or omit to state a material fact necessary
in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.

 

(c)       (1)     The
Company shall notify you and, in the case of a Shelf Registration Statement, the Holders of securities covered thereby, and, if
requested by you or any such Holder, confirm such notification in writing:

 

(i)     when
a Registration Statement and any amendment thereto has been filed (or, in the case of a previously filed registration statement
that is effective at the time it is designated as a Shelf Registration Statement, when it is so designated) with the Commission
and when the Registration Statement or any post-effective amendment thereto has become effective (or, in the case of a previously
filed registration statement that is effective at the time it is designated

    	7

    	

    

as a Shelf Registration Statement, when it is so
designated); and

 

(ii)     of
any request by the Commission for amendments or supplements to the Registration Statement or the Prospectus included therein or
for additional information.

 

(2)     The
Company shall notify you and, in the case of a Shelf Registration Statement, the Holders of securities covered thereby, and, in
the case of an Exchange Offer Registration Statement, any Exchanging Dealer which has provided in writing to the Company a telephone
or facsimile number and address for notices, and, if requested by you or any such Holder or Exchanging Dealer, confirm such notification
in writing:

 

(i)     of
the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or the initiation of
any proceedings for that purpose;

 

(ii)     of
the receipt by the Company of any notification with respect to the suspension of the qualification of the securities included therein
for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and

 

(iii)     of
the determination by the Company that use of the Prospectus must be suspended due to the happening of any event that requires the
making of any changes in the Registration Statement or the Prospectus so that, as of such date, the statements therein are not
misleading and do not omit to state a material fact required to be stated therein or necessary to make the statements therein (in
the case of the Prospectus, in the light of the circumstances under which they were made) not misleading.

 

Each such Holder or Exchanging Dealer agrees
by its acquisition of such securities to be sold by such Holder or Exchanging Dealer, that, upon being so notified by the Company
of a determination by the Company to suspend the use of the Prospectus described in clause (iii) of this paragraph (c)(2), such
Holder or Exchanging Dealer will forthwith discontinue disposition of such securities under such Registration Statement or Prospectus,
until such Holder’s or Exchanging Dealer’s receipt of the copies of the supplemented or amended Prospectus contemplated
by paragraph 4(k) hereof, or until it is notified in writing by the Company that the use of the applicable Prospectus may be resumed.

 

(d)     The Company
shall use commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of any Registration
Statement at the earliest possible time.

 

(e)     The Company
shall furnish to each Holder of securities included within the coverage of any Shelf Registration Statement, without charge, at
least one copy of such Shelf Registration Statement and any post-effective amendment thereto, including financial statements and
schedules, and, if the Holder so requests in writing, any documents incorporated by reference therein and all exhibits thereto
(including those incorporated by reference therein).

 

(f)     The Company
shall, during the Shelf Registration Period, deliver to each

    	8

    	

    

Holder of securities included within the
coverage of any Shelf Registration Statement, without charge, as many copies of the Prospectus (including each preliminary Prospectus)
included in such Shelf Registration Statement and any amendment or supplement thereto as such Holder may reasonably request; and
the Company consents to the use of the Prospectus or any amendment or supplement thereto by each of the selling Holders of securities
in connection with the offering and sale of the securities covered by the Prospectus or any amendment or supplement thereto.

 

(g)     The
Company shall furnish to each Exchanging Dealer which so requests, without charge, at least one copy of the Exchange Offer Registration
Statement and any post-effective amendment thereto, including financial statements and schedules and, if the Exchanging Dealer
so requests in writing, any documents incorporated by reference therein and all exhibits thereto (including those incorporated
by reference therein).

 

(h)     The
Company shall, during the Exchange Offer Registration Period, promptly deliver to each Exchanging Dealer, without charge, as many
copies of the Prospectus included in such Exchange Offer Registration Statement and any amendment or supplement thereto as such
Exchanging Dealer may reasonably request for delivery by such Exchanging Dealer in connection with a sale of Exchange Securities
received by it pursuant to the Registered Exchange Offer; and the Company consents to the use of the Prospectus or any amendment
or supplement thereto by any such Exchanging Dealer, as aforesaid, and by any other Persons, if any, subject to similar Prospectus
delivery requirements.

 

(i)     Prior
to the Registered Exchange Offer or any other offering of securities pursuant to any Registration Statement, the Company shall
register or qualify or cooperate with the Holders of securities included therein and their respective counsel in connection with
the registration or qualification of such securities for offer and sale under the securities or blue sky laws of such jurisdictions
as any such Holder reasonably requests in writing and do any and all other acts or things necessary or advisable to enable the
offer and sale in such jurisdictions of the securities covered by such Registration Statement; provided, however, that the
Company will not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or to take
any action which would subject it to general service of process or to taxation in any such jurisdiction where it is not then so
subject.

 

(j)     In
the case of a Shelf Registration Statement, the Company shall cooperate with the Holders of Securities to facilitate the timely
preparation and delivery of certificates representing Securities or Exchange Securities, as applicable, to be sold pursuant to
such Shelf Registration Statement free of any restrictive legends and in such denominations and registered in such names as Holders
may request prior to sales of securities pursuant to such Shelf Registration Statement.

 

(k)     Upon
the occurrence of any event contemplated by paragraph (c)(2)(iii) above, the Company shall promptly prepare a post-effective amendment
to any Registration Statement or an amendment or supplement to the related Prospectus or file any other required document so that,
as thereafter delivered to purchasers of the securities included therein, the Prospectus will not include an untrue statement of
a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances
under which they

    	9

    	

    

were made, not misleading.

 

(l)     Not
later than the effective date (or the designation date, in the case of a previously filed registration statement that is effective
at the time it is designated as a Shelf Registration Statement) of any such Registration Statement hereunder, the Company shall
provide a CUSIP number for the Securities or Exchange Securities, as the case may be, registered under such Registration Statement,
and provide the Trustee with printed certificates for such Securities or Exchange Securities, in a form, if requested by the applicable
Holder or Holder’s Counsel, eligible for deposit with DTC or any successor thereto under the Indenture.

 

(m)     The
Company shall use commercially reasonable efforts to comply with all applicable rules and regulations of the Commission to the
extent and so long as they are applicable to the Registered Exchange Offer or the Shelf Registration and will make generally available
to its security holders a consolidated earnings statement (which need not be audited) covering a twelve-month period commencing
after the effective date (or the designation date, in the case of a previously filed registration statement that is effective at
the time it is designated as a Shelf Registration Statement) of the Registration Statement and ending not later than 15 months
thereafter, as soon as practicable after the end of such period, which consolidated earnings statement shall satisfy the provisions
of Section 11(a) of the Securities Act.

 

(n)     The
Company shall cause the Indenture, if not already so qualified, to be qualified under the Trust Indenture Act of 1939, as amended,
on or prior to the effective date (or the designation date, in the case of a previously filed registration statement that is effective
at the time it is designated as a Shelf Registration Statement) of any Shelf Registration Statement or Exchange Offer Registration
Statement.

 

(o)     The
Company may require each Holder of securities to be sold pursuant to any Shelf Registration Statement to furnish to the Company
in writing such information regarding the Holder and the distribution of such securities as the Company may from time to time reasonably
require for inclusion in such Registration Statement. The Company may exclude from any such Registration Statement the securities
of any such Holder who fails to furnish such information within a reasonable time after receiving such request. Each Holder as
to which any Shelf Registration is being effected agrees to furnish promptly to the Company all information required to be disclosed
in order to make the information previously furnished to the Company by such Holder not materially misleading. Each Holder further
agrees that, neither such Holder nor any underwriter participating in any disposition pursuant to any Shelf Registration Statement
on such Holder’s behalf, will make any offer relating to the securities to be sold pursuant to such Shelf Registration Statement
that would constitute an issuer free writing prospectus (as defined in Rule 433 under the Securities Act) or that would otherwise
constitute a “free writing prospectus” (as defined in Rule 405 under the Securities Act) required to be filed by the
Company with the Commission or retained by the Company under Rule 433 of the Securities Act, unless it has obtained the prior written
consent of the Company (and except for as otherwise provided in any underwriting agreement entered into by the Company and any
such underwriter).

 

(p)     If
requested by a Holder of Securities or Exchange Securities, as applicable, covered by a Shelf Registration Statement, promptly
incorporate in a Prospectus

    	10

    	

    

supplement or post-effective amendment to
the Shelf Registration Statement, such information with respect to such Holder as such Holder reasonably requests to be included
therein and to which the Company does not reasonably object and shall make all required filings of such Prospectus supplement or
post-effective amendment as soon as notified of the information with respect to such Holder to be incorporated in such Prospectus
supplement or post-effective amendment.

 

(q)     (i)     In
the case of any Shelf Registration Statement, the Company shall enter into such customary agreements (including underwriting agreements)
and take all other appropriate actions in order to expedite or facilitate the registration or the disposition of the Securities,
and in connection therewith, if an underwriting agreement is entered into, cause the same to contain indemnification provisions
and procedures no less favorable than those set forth in Section 6 hereof (or such other provisions and procedures acceptable to
the Majority Holders and the Managing Underwriters, if any), with respect to all parties to be indemnified pursuant to Section
6 hereof from Holders of Securities to the Company.

 

(ii)             Without
limiting in any way paragraph (q)(i), no Holder may participate in any underwritten registration hereunder unless such Holder (x)
agrees to sell such Holder’s securities to be covered by such registration on the basis provided in any underwriting arrangements
approved by the Majority Holders and the Managing Underwriters and (y) completes and executes in a timely manner all customary
questionnaires, powers of attorney, underwriting agreements and other documents reasonably required by the Company or the Managing
Underwriters in connection with such underwriting arrangements.

 

(r)     In
the case of any Shelf Registration Statement, the Company shall (i) make reasonably available for inspection by the Holders of
securities to be registered thereunder, any underwriter participating in any disposition pursuant to such Registration Statement,
and any attorney, accountant or other agent retained by the Holders or any such underwriter, all relevant financial and other records,
pertinent corporate documents and properties of the Company and its subsidiaries reasonably requested by such Person; (ii) cause
the Company’s officers, directors and employees to supply all relevant information reasonably requested by the Holders or
any such underwriter, attorney, accountant or agent in connection with any such Registration Statement as is customary for due
diligence examinations in connection with primary underwritten offerings; provided, however, that any information that is
nonpublic at the time of delivery of such information shall be kept confidential by the Holders or any such underwriter, attorney,
accountant or agent, unless such disclosure is made in connection with a court proceeding or required by law, or such information
becomes available to the public generally or through a third party without an accompanying obligation of confidentiality; (iii)
make such representations and warranties to the Holders of securities registered thereunder and the underwriters, if any, in form,
substance and scope as are customarily made by issuers to underwriters in primary underwritten offerings; (iv) obtain opinions
of counsel to the Company (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the Managing
Underwriters, if any) addressed to each selling Holder and the underwriters, if any, covering such matters as are customarily covered
in opinions requested in underwritten offerings; (v) obtain comfort letters (or, in the case of any Person that does not satisfy
the conditions for receipt of a comfort letter specified in AS 6101, an “agreed-upon procedures” letter under AT Section
201) and updates thereof from the independent certified public accountants of the

    	11

    	

    

Company (and, if necessary, any other independent
certified public accountants of any subsidiary of the Company or of any business acquired by the Company for which financial statements
and financial data are, or are required to be, included or incorporated by reference in the Registration Statement), addressed
to each selling Holder of securities registered thereunder and the underwriters, if any, in customary form and covering matters
of the type customarily covered in comfort letters in connection with primary underwritten offerings; and (vi) deliver such documents
and certificates as may be reasonably requested by the Majority Holders and the Managing Underwriters, if any, including those
to evidence compliance with Section 4(k) and with any customary conditions contained in the underwriting agreement or other agreement
entered into by the Company. The foregoing actions set forth in clauses (iii), (iv), (v) and (vi) of this Section 4(r) shall be
performed at each closing under any underwriting or similar agreement as and to the extent required thereunder.

 

5.         Registration
Expenses. Except as otherwise provided in Section 4, the Company shall bear all expenses incurred in connection with the performance
of its obligations under Sections 2, 3 and 4 hereof and, in the event of any Shelf Registration Statement, will reimburse the Holders
for the reasonable fees and disbursements of one firm or counsel designated by the Majority Holders to act as counsel for the Holders
in connection therewith. Notwithstanding the foregoing, the Holders of the securities being registered shall pay all agency or
brokerage fees and commissions and underwriting discounts and commissions attributable to the sale of such securities and the fees
and disbursements of any counsel or other advisors or experts retained by such Holders (severally or jointly), other than the counsel
specifically referred to above in this Section 5, transfer taxes on resale of any of the securities by such Holders and any advertising
expenses incurred by or on behalf of such Holders in connection with any offers they may make.

 

6.         Indemnification
and Contribution. (a) In connection with any Registration Statement, the Company agrees to indemnify and hold harmless each
Holder of securities covered thereby (including with respect to any Prospectus delivery as contemplated in Section 4(h) hereof,
each Exchanging Dealer), the directors, officers, employees and agents of each such Holder, and each other Person, if any, who
controls any such Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (collectively,
the “Indemnified Holder Parties”) against any and all losses, claims, damages and liabilities (collectively
“Losses”), joint or several, to which they or any of them may become subject under the Securities Act, the Exchange
Act or other Federal or state statutory law or regulation, at common law or otherwise, insofar as such losses, claims, damages
or liabilities (or actions in respect thereof) solely arise out of or are solely based upon any untrue statement or alleged untrue
statement of a material fact contained in the Registration Statement as originally filed or in any amendment thereof, or in any
preliminary Prospectus or Prospectus, or in any amendment thereof or supplement thereto, or solely arise out of or are solely based
upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements
therein not misleading, and agrees to reimburse each such Indemnified Holder Party, as incurred, for any legal or other expenses
reasonably incurred by them in connection with investigating or defending any such Losses; provided, however, that the Company
shall not be liable to any Indemnified Holder Party in any such case to the extent that any such untrue statement or alleged untrue
statement or omission or alleged omission was made in such Registration Statement or Prospectus, or amendment or supplement, in
reliance upon and in conformity with written information furnished to the Company by any Holder

    	12

    	

    

expressly for use therein. This
indemnity agreement will be in addition to any liability which the Company may otherwise have.

 

The Company also agrees to indemnify
any underwriters of Securities registered under a Shelf Registration Statement, their officers, directors, employees and agents
and each Person who controls such underwriters (collectively, the “Indemnified Underwriter Parties”) for any
Losses on substantially the same basis as that of the indemnification of the Indemnified Holder Parties provided in this Section
6(a), agrees to reimburse each such Indemnified Underwriter Party, as incurred, for any legal or other expenses reasonably incurred
by them in connection with investigating or defending any such Losses, and shall, if requested by any Holder, enter into an underwriting
agreement reflecting such agreement, as provided in Section 4(q) hereof; provided, however, that the Company shall not be
liable to any Indemnified Underwriter Party in any such case to the extent that any such untrue statement or alleged untrue statement
or omission or alleged omission was made in such Registration Statement or Prospectus, or amendment or supplement, in reliance
upon and in conformity with written information furnished to the Company by any underwriter expressly for use therein.

 

(b)     Each
Holder of securities covered by a Registration Statement (including with respect to any Prospectus delivery as contemplated in
Section 4(h) hereof, each Exchanging Dealer) severally and not jointly agrees to (i) indemnify and hold harmless the Company, each
of its directors and each officer who signed the Registration Statement and each other Person, if any, who controls the Company
within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, each other Indemnified Holder Party,
and each Indemnified Underwriter Party to the same extent as the foregoing indemnity from the Company to the Indemnified Holder
Parties or Indemnified Underwriter Parties, as the case may be, but only with reference to written information relating to such
Holder furnished to the Company by or on behalf of such Holder specifically for inclusion in the documents referred to in the foregoing
indemnity and (ii) reimburse the Company and each other aforementioned Person, as incurred, for any legal or other expenses reasonably
incurred by it in connection with the investigation or defending of any such Loss. This indemnity agreement will be in addition
to any liability which any such Holder may otherwise have.

 

(c)     Promptly
after receipt by an indemnified party under this Section of notice of the commencement of any litigation or proceeding, such indemnified
party will, if a claim is to be made hereunder against the Company in respect thereof, notify the Company in writing of the commencement
thereof; provided that (i) the omission to so notify the Company will not relieve it from any liability which it may have hereunder
except to the extent it has been materially prejudiced by such failure and (ii) the omission to so notify the Company will not
relieve it from any liability which it may have to an indemnified party otherwise than on account of this Agreement. In case any
such proceedings are brought against any indemnified party and it notifies the Company of the commencement thereof, the Company
will be entitled to participate therein and, to the extent that it may elect by written notice delivered to such indemnified party,
to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party, provided that if the defendants
in any such proceedings include both such indemnified party and the Company and such indemnified party shall have reasonably concluded
that there may be legal defenses available to it which are different from or additional to those available to the Company, such
indemnified party shall have the right to select separate

    	13

    	

    

counsel to assert such legal defenses
and to otherwise participate in the defense of such proceedings on behalf of such indemnified party. Upon receipt of notice from
the Company to such indemnified party of its election so to assume the defense of such proceedings and approval by such indemnified
party of counsel, the Company shall not be liable to such indemnified party for expenses incurred by such indemnified party in
connection with the defense thereof (other than reasonable costs of investigation) unless (i) such indemnified party shall have
employed separate counsel in connection with the assertion of legal defenses in accordance with the proviso to the immediately
preceding sentence (it being understood, however, that the Company shall not be liable for the expenses of more than one separate
counsel (in addition to any local counsel) representing the indemnified parties who are parties to such proceedings), (ii) the
Company shall not have employed counsel reasonably satisfactory to such indemnified party to represent such indemnified party within
a reasonable time after notice to the Company of commencement of the proceedings or (iii) the Company has authorized in writing
the employment of counsel for such indemnified party.

 

The Company shall not be liable
for any settlement of any litigation, action or proceeding effected without its written consent (which consent shall not be unreasonably
withheld or delayed), but if settled with its written consent or if there be a final judgment for the plaintiff in any such proceedings,
the Company agrees to indemnify and hold harmless each indemnified party from and against any and all Losses by reason of such
settlement or judgment. The Company shall not, without the prior written consent of an indemnified party (which consent shall not
be unreasonably withheld or delayed), effect any settlement of any pending or threatened proceedings in respect of which indemnity
could have been sought hereunder by such indemnified party unless such settlement (i) includes an unconditional release of such
indemnified party in form and substance reasonably satisfactory to such indemnified party from all liability on claims that are
the subject matter of such proceedings and (ii) does not include any statement as to or any admission of default, culpability or
a failure to act by or on behalf of any indemnified party.

 

The indemnity, reimbursement and
contribution obligations of the Company under this Section 6 shall be in addition to any liability which the Company may otherwise
have to an indemnified party and shall be binding upon and inure to the benefit of any successors, assigns, heirs and personal
representatives of the Company and any indemnified party.

 

(d)     In
the event that the indemnity provided in paragraph (a) or (b) of this Section 6 is unavailable to or insufficient to hold harmless
an indemnified party for any reason, then each applicable indemnifying party, in lieu of indemnifying such indemnified party, shall
have a joint and several obligation to contribute to the aggregate Losses (including legal or other expenses reasonably incurred
in connection with investigating or defending same) to which such indemnified party may be subject in such proportion as is appropriate
to reflect the relative benefits received by such indemnifying party, on the one hand, and such indemnified party, on the other
hand, from the Registration Statement which resulted in such Losses. If the allocation provided by the immediately preceding sentence
is unavailable for any reason, the indemnifying party shall contribute in such proportion as is appropriate to reflect not only
such relative benefits but also the relative fault of such indemnifying party, on the one hand, and such indemnified party, on
the other hand, in connection with the statements or omissions which resulted in such Losses as well as any other relevant equitable
considerations. Benefits received

    	14

    	

    

by the Company shall be deemed
to be equal to the sum of (x) the aggregate principal amount of Securities issued in the Exchange Offers (before deducting expenses)
and (y) the total amount of Additional Interest which the Company was not required to pay as a result of registering the securities
covered by the Registration Statement which resulted in such Losses, and benefits received by (i) any Holders shall be deemed to
be equal to the value of receiving Securities or Exchange Securities, as applicable, registered under the Securities Act and (ii)
any underwriters shall be deemed to equal the total underwriting discounts and commissions actually received by the underwriters
in connection with the resale of securities. Relative fault shall be determined by reference to whether any alleged untrue statement
or omission relates to information provided by the indemnifying party, on the one hand, or by the indemnified party, on the other
hand. The parties agree that it would not be just and equitable if contribution were determined by pro rata allocation or any other
method of allocation which does not take account of the equitable considerations referred to above. Notwithstanding the provisions
of this paragraph (d), no Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities
Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. For purposes of
this Section 6, each Person who controls a Holder or an underwriter, as the case may be, within the meaning of either the Securities
Act or the Exchange Act and each director, officer, employee and agent of such Holder or underwriter, as the case may be, shall
have the same rights to contribution as such Holder or underwriter, as the case may be, and each Person who controls the Company
within the meaning of either the Securities Act or the Exchange Act, each officer of the Company who shall have signed the Registration
Statement and each director of the Company shall have the same rights to contribution as the Company, subject in each case to the
applicable terms and conditions of this paragraph (d).

 

(e)     The
provisions of this Section 6 will remain in full force and effect, regardless of any investigation made by or on behalf of any
Holder, the Company or any underwriter or any of the officers, directors or controlling Persons referred to in this Section 6,
and will survive the sale by a Holder of securities covered by a Registration Statement.

 

7.         Registration
Defaults and Additional Interest. (a) If any of the following events (each a “Registration Default”) shall
occur, then the Company shall pay certain additional interest (“Additional Interest”) to the Holders of the
Securities affected thereby in accordance with Section 7(b):

 

(i)     neither
the Registered Exchange Offer with respect to the Securities has been completed by the Registered Exchange Offer Completion Deadline
nor the Shelf Registration Statement with respect to the Securities has become effective on or prior to the Shelf Registration
Effectiveness Deadline;

 

(ii)     the
Exchange Offer Registration Statement with respect to the Securities has become effective but thereafter ceases to be effective
or usable prior to the consummation of the Registered Exchange Offer with respect to the Securities unless such ineffectiveness
is cured on or prior the Registered Exchange Offer Effectiveness Deadline; or

 

(iii)     after
the Shelf Registration Statement has become effective, such

    	15

    	

    

Registration Statement thereafter
ceases to be effective or usable in connection with resales of the Securities for more than 120 days, whether or not consecutive,
in any twelve-month period at any time that the Company is obligated to maintain the effectiveness thereof pursuant to this Agreement.

 

(b)     Additional
Interest shall accrue (in addition to stated interest on the Securities) on the aggregate principal amount of the Securities affected
by the Registration Default from and including the date on which the first such Registration Default shall occur to but excluding
the date on which all Registration Defaults have been cured, at a rate per annum equal to 0.25% of the principal amount of the
Securities. Accrued Additional Interest, if any, shall be paid in cash in arrears semiannually on May 21 and November 21 in each
year; and the amount of accrued Additional Interest shall be determined on the basis of the number of days actually elapsed. Any
accrued and unpaid interest (including Additional Interest) on any of the Securities shall, upon the issuance of an Exchange Security
in exchange therefore cease to be payable to the Holder thereof but such accrued and unpaid interest (including Additional Interest)
shall be payable on the next interest payment date for such Exchange Security to the Holder thereof on the related record date.
Any Additional Interest payable by the Company shall constitute liquidated damages and shall be the exclusive remedy, monetary
or otherwise, available to Holders with respect to a Registration Default.

 

8.         Miscellaneous.

 

(a)     No
Inconsistent Agreements. The Company has not, as of the date hereof, entered into, nor shall it, on or after the date hereof,
enter into, any agreement with respect to its securities that limits the rights granted to the Holders herein or otherwise conflicts
with the provisions hereof.

 

(b)     Amendments
and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, qualified, modified
or supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the Company has obtained
the written consent of the Holders of at least a majority of the then outstanding aggregate principal amount of Securities (or,
after the consummation of any Registered Exchange Offer in accordance with Section 2 hereof, of Exchange Securities). Notwithstanding
the foregoing, a waiver or consent to departure from the provisions hereof with respect to a matter that relates exclusively to
the rights of Holders whose securities are being sold pursuant to a Registration Statement and that does not directly or indirectly
affect the rights of other Holders may be given by the Majority Holders, determined on the basis of securities being sold rather
than registered under such Registration Statement.

 

(c)     Notices.
All notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery, first-class
mail, facsimile, or air courier guaranteeing overnight delivery:

 

(i)     if
to a Holder, at the most current address given by such Holder to the Company in accordance with the provisions of this Section
8(c), which address initially is, with respect to each Holder, the address of such Holder maintained by the registrar under the
Indenture;

    	16

    	

    

(ii)     if
to you, initially at the address set forth on Schedule I hereto; and

 

(iii)     if
to the Company, initially at its address set forth in the Dealer Manager Agreement.

 

All such notices and communications
shall be deemed to have been duly given when actually received. So long as the Securities are in global form registered in the
name of DTC or its nominee, Holders will be deemed to have received any notices referred to hereunder upon receipt of such notice
by DTC for distribution to its participants.

 

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

 

(d)     Successors
and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of the parties,
including, without the need for an express assignment or any consent by the Company or subsequent Holders of Securities and/or
Exchange Securities. The Company hereby agrees to extend the benefits of this Agreement to any Holder of Securities and/or Exchange
Securities and any such Holder may specifically enforce the provisions of this Agreement as if an original party hereto.

 

(e)     Counterparts.
This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

 

(f)     Headings.
The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

 

(g)     Governing
Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT
REGARD TO THE CONFLICT OF LAW PROVISIONS THEREOF).

 

(h)     Severability.
In the event that any one of more of the provisions contained herein, or the application thereof in any circumstances, is held
invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision
in every other respect and of the remaining provisions hereof shall not be in any way impaired or affected thereby, it being intended
that all the rights and privileges of the parties shall be enforceable to the fullest extent permitted by law.

 

(i)     Securities
Held by the Company, etc. Whenever the consent or approval of Holders of a specified percentage of principal amount of Securities
or Exchange Securities is required hereunder, Securities or Exchange Securities, as applicable, held by the Company or its Affiliates
(other than subsequent Holders of Securities or Exchange Securities if such subsequent Holders are deemed to be Affiliates solely
by reason of their holdings of such Securities or Exchange Securities) shall not be counted in determining whether such consent
or approval was given by the Holders of such required percentage.

    	17

    	

    

Please confirm that the foregoing
correctly sets forth the agreement between the Company and you.

 

	 	Very truly yours,
	 	 
	 	HONEYWELL INTERNATIONAL INC.
	 	 
	 	By:	/s/ John J. Tus                   
	 	Name:  John J. Tus
	 	Title:  Vice President and Treasurer

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	barclays capital inc.	 
	 	 	 
	By:	/s/ Pamela Au	 
	 	 	 
	 	Name:  Pamela Au	 
	 	Title:  Managing Director	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	Goldman sachs & co. LLC	 
	 	 	 
	By:	/s/ Adam Greene	 
	 	 	 
	 	Name:  Adam Greene	 
	 	Title:  Vice President	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	Citigroup Global Markets Inc.	 
	 	 	 
	By:	/s/ Adam D. Bordner	 
	 	 	 
	 	Name:  Adam D. Bordner	 
	 	Title:  Vice President	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	Deutsche Bank Securities Inc 	 
	 	 	 
	By:	/s/ Ritu Ketkar	 
	 	 	 
	 	Name:  Ritu Ketkar	 
	 	Title:  Managing Director	 
	 	Deutsche Bank Securities Inc.	 

 

	 	Deutsche Bank Securities Inc 	 
	 	 	 
	By:	/s/ Ryan Montgomery	 
	 	 	 
	 	Name:  Ryan Montgomery	 
	 	Title:  Managing Director	 
	 	Deutsche Bank Securities Inc.	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	J.P. Morgan Securities LLC	 
	 	 	 
	By:	/s/ Som Bhattacharyya	 
	 	 	 
	 	Name:  Som Bhattacharyya	 
	 	Title:  Executive Director	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	Merrill Lynch, Pierce, Fenner & Smith Incorporated	 
	 	 	 
	By:	/s/ David Scott	 
	 	 	 
	 	Name:  David Scott	 
	 	Title:  Managing Director	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	Mizuho Securities USA LLC	 
	 	 	 
	By:	/s/ Moshe Tomkiewicz	 
	 	 	 
	 	Name:  Moshe Tomkiewicz	 
	 	Title:  Managing Director	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	Morgan Stanley & Co. LLC	 
	 	 	 
	By:	/s/ Yurij Slyz	 
	 	 	 
	 	Name: Yurij Slyz  	 
	 	Title: Executive Director	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	Wells Fargo Securities, LLC	 
	 	 	 
	By:	/s/ Michael Harwood	 
	 	 	 
	 	Name: Michael Harwood	 
	 	Title: Vice President	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	BBVA Securities Inc.	 
	 	 	 
	By:	/s/ James A Brodt	 
	 	 	 
	 	Name:  James A Brodt	 
	 	Title:  Executive Director	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	BNP Paribas Securities Corp.	 
	 	 	 
	By:	/s/ Amir Nouri	 
	 	 	 
	 	Name:  Amir Nouri	 
	 	Title:  Managing Director	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	HSBC Securities (USA) Inc.	 
	 	 	 
	By:	/s/ Luiz Lanfredi	 
	 	 	 
	 	Name:  Luiz Lanfredi	 
	 	Title:  Vice President	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	ICBC Standard Bank Plc	 
	 	 	 
	By:	/s/ Marc Giesen	 
	 	 	 
	 	Name:  Marc Giesen	 
	 	Title:  Head of Primary Markets	 
	 	 	 
	By:	/s/ David Guthrie	 
	 	 	 
	 	Name:  David Guthrie	 
	 	Title:  Legal Department	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	Loop Capital Markets LLC	 
	 	 	 
	By:	/s/ John Rocco	 
	 	 	 
	 	Name:  John Rocco	 
	 	Title:  Managing Director	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	RBC Capital Markets, LLC	 
	 	 	 
	By:	/s/ Scott G. Primrose	 
	 	 	 
	 	Name:  Scott G. Primrose	 
	 	Title:  Authorized Signatory	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	RBS Securities Inc.	 
	 	 	 
	By:	/s/ Anton Brykalin	 
	 	 	 
	 	Name:  Anton Brykalin	 
	 	Title:  Authorized Signatory	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	SG Americas Securities, LLC	 
	 	 	 
	By:	/s/ Michael Shapiro	 
	 	 	 
	 	Name:  Michael Shapiro	 
	 	Title:  Director	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	SMBC Nikko Securities America, Inc.
	 	 	 
	By:	/s/ Yoshihiro Satake	 
	 	 	 
	 	Name:  Yoshihiro Satake	 
	 	Title:  Managing Director	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	Standard Chartered Bank	 
	 	 	 
	By:	/s/ Peter D. Holden	 
	 	 	 
	 	Name:  Peter D. Holden	 
	 	Title:  Head, US Corporate DCM	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	TD Securities (USA) LLC	 
	 	 	 
	By:	/s/ Elsa Wang	 
	 	 	 
	 	Name:  Elsa Wang	 
	 	Title:  Director	 

    	 

    	

    

The foregoing Agreement is hereby confirmed

and accepted as of the date first above written:

 

	 	U.S. Bancorp Investments, Inc.	 
	 	 	 
	By:	/s/ Julie Brendel	 
	 	 	 
	 	Name:  Julie Brendel	 
	 	Title:  Vice President	 

    	 

    	

    

Schedule I

 

Barclays Capital Inc.

745 Seventh Avenue

New York, NY 10019

 

Goldman Sachs & Co. LLC

200 West Street

New York, NY 10282

 

Citigroup Global Markets Inc.

388 Greenwich Street

New York, NY 10013

 

Deutsche Bank Securities Inc.

60 Wall Street

New York, NY 10005

Attn: Liability Management Group

With a copy at the same address to

Attention of the General Counsel, 36th Floor

Facsimile: (646) 374-1071

 

J.P. Morgan Securities LLC

383 Madison Avenue

New York, NY 10179

 

Merrill Lynch, Pierce, Fenner & Smith Incorporated

50 Rockefeller Plaza

NY1-050-12-01

New York, NY 10020

Attention: High Grade Transaction Management/Legal

 

Mizuho Securities USA LLC

320 Park Avenue

New York, NY 10022

 

Morgan Stanley & Co. LLC

1585 Broadway

New York, NY 10036

 

Wells Fargo Securities, LLC

550 South Tryon Street, 5th Floor

Charlotte, NC 28202

 

BBVA Securities Inc.

    	 

    	

    

1345 Avenue of the Americas, 44th Floor

New York, NY 10105

 

BNP Paribas Securities Corp.

787 Seventh Avenue

New York, NY 10019

 

HSBC Securities (USA) Inc.

452 Fifth Avenue

New York, NY 10018

 

ICBC Standard Bank Plc

20 Gresham Street

London EC2V J7E United Kingdom 

 

Loop Capital Markets LLC

111 West Jackson Blvd, Suite 1901

Chicago, IL 60604

 

RBC Capital Markets, LLC

Three World Financial Center

200 Vesey Street

New York, NY 10281

 

RBS Securities Inc.

600 Washington Boulevard

Stamford, CT 06901

 

SG Americas Securities, LLC

245 Park Avenue

New York, NY 10167

 

SMBC Nikko Securities America, Inc.

277 Park Avenue

New York, NY 10172

Attention: Debt Capital Markets

 

Standard Chartered Bank

One Basinghall Avenue

London EC2V 5DD

United Kingdom

 

TD Securities (USA) LLC

31 West 52nd Street, 2nd Floor

New York, NY 10019

    	 

    	

    

U.S. Bancorp Investments, Inc.

214 N. Tryon Street, 26th Floor

Charlotte, NC 28202

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