Document:

Exhibit 4.2

 

 

 

 

FORM OF

 

SUBORDINATED INDENTURE

 

by and between

 

PRECIPIO, INC.

 

as Issuer,

 

and

 

_____________________,

 

as Trustee

 

Dated as of ______________

 

 

 

 

     

     

    

 

TABLE OF CONTENTS

 

	 	Page
	ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE	 
	SECTION 1.01 Definitions	1
	SECTION 1.02 Incorporation by Reference of Trust Indenture Act	5
	SECTION 1.03 Rules of Construction	5
	ARTICLE II THE SECURITIES	 
	SECTION 2.01 Unlimited in Amount, Issuable in Series	6
	SECTION 2.02 Form and Dating	8
	SECTION 2.03 Execution and Authentication	8
	SECTION 2.04 Registrar and Paying Agent	9
	SECTION 2.05 Paying Agent to Hold Assets in Trust	9
	SECTION 2.06 Holder Lists	10
	SECTION 2.07 General Provisions Relating to Transfer and Exchange	10
	SECTION 2.08 Book-Entry Provisions for Global Securities	11
	SECTION 2.09 Replacement Securities	12
	SECTION 2.10 Outstanding Securities	12
	SECTION 2.11 Treasury Securities	13
	SECTION 2.12 Temporary Securities	13
	SECTION 2.13 Cancellation	13
	SECTION 2.14 CUSIP Numbers	13
	SECTION 2.15 Defaulted Interest	13
	SECTION 2.16 Special Record Dates	14
	ARTICLE III REDEMPTION	 
	SECTION 3.01 Notices to Trustee	14
	SECTION 3.02 Selection of Securities to Be Redeemed	14
	SECTION 3.03 Notice of Redemption	14
	SECTION 3.04 Effect of Notice of Redemption	15
	SECTION 3.05 Deposit of Redemption Price	15
	SECTION 3.06 Securities Redeemed in Part	15
	SECTION 3.07 Holder's Right to Require Redemption	16
	SECTION 3.08 Procedure for Requiring Redemption	16
	ARTICLE IV COVENANTS	 
	SECTION 4.01 Payment of Securities	16
	SECTION 4.02 Maintenance of Office or Agency	16
	SECTION 4.03 Reports	17
	SECTION 4.04 Compliance Certificate	17
	SECTION 4.05 Taxes	17
	SECTION 4.06 Corporate Existence	18
	ARTICLE V MERGER, ETC.	 
	SECTION 5.01 When Company May Merge, etc.	18
	SECTION 5.02 Successor Corporation Substituted	18
	ARTICLE VI DEFAULTS AND REMEDIES	 
	SECTION 6.01 Events of Default	19
	SECTION 6.02 Acceleration	19
	SECTION 6.03 Other Remedies	19
	SECTION 6.04 Waiver of Past Defaults	19
	SECTION 6.05 Control by Majority	21
	SECTION 6.06 Limitation on Suits	21
	SECTION 6.07 Rights of Holders To Receive Payment and to Demand Conversion	21

 

 

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	 	Page
	SECTION 6.08 Collection Suit by Trustee	21
	SECTION 6.09 Trustee May File Proofs of Claim	21
	SECTION 6.10 Priorities	21
	SECTION 6.11 Undertaking for Costs	21
	SECTION 6.12 Stay, Extension and Usury Laws	23
	SECTION 6.13 Restoration of Positions	23
	SECTION 6.14 Liability of Stockholders, Officers, Directors and Incorporators	23
	ARTICLE VII TRUSTEE	 
	SECTION 7.01 Duties of Trustee	23
	SECTION 7.02 Rights of Trustee	24
	SECTION 7.03 Individual Rights of Trustee	25
	SECTION 7.04 Money Held in Trust	26
	SECTION 7.05 Trustee’s Disclaimer	26
	SECTION 7.06 Notice of Defaults	26
	SECTION 7.07 Reports by Trustee to Holders	26
	SECTION 7.08 Compensation and Indemnity	26
	SECTION 7.09 Replacement of Trustee	27
	SECTION 7.10 Successor Trustee by Merger, Etc.	28
	SECTION 7.11 Eligibility; Disqualification	28
	SECTION 7.12 Preferential Collection of Claims Against the Company	28
	ARTICLE VIII DISCHARGE OF INDENTURE	 
	SECTION 8.01 Satisfaction and Discharge of Indenture	28
	SECTION 8.02 Application of Trust Funds; Indemnification	29
	SECTION 8.03 Legal Defeasance	30
	SECTION 8.04 Covenant Defeasance	31
	SECTION 8.05 Repayment to Company	32
	SECTION 8.06 Reinstatement	32
	ARTICLE IX AMENDMENTS, SUPPLEMENTS AND WAIVERS	 
	SECTION 9.01 Without Consent of Holders	32
	SECTION 9.02 With Consent of Holders	33
	SECTION 9.03 Compliance with Trust Indenture Act	34
	SECTION 9.04 Revocation and Effect of Consents	34
	SECTION 9.05 Notation on or Exchange of Securities	34
	SECTION 9.06 Trustee to Sign Amendment, etc.	35
	ARTICLE X CONVERSION OR EXCHANGE OF SECURITIES	 
	SECTION 10.01 Provisions Relating to Conversion or Exchange of Securities	35
	ARTICLE XI SINKING OR PURCHASE FUNDS	 
	SECTION 11.01 Provisions Relating to Sinking or Purchase Funds	35
	ARTICLE XII SUBORDINATION	 
	SECTION 12.01 Securities Subordinated to Senior Indebtedness	35
	SECTION 12.02 Priority and Payment Over of Proceeds in Certain Events	36
	SECTION 12.03 Payments May Be Paid Prior to Dissolution	36
	SECTION 12.04 Rights of Holders of Senior Indebtedness Not to Be Impaired	36
	SECTION 12.05 Authorization to Trustee to Take Action to Effectuate Subordination	37
	SECTION 12.06 Distribution or Notice to Representative	37
	SECTION 12.07 Subrogation	37
	SECTION 12.08 Obligations of Company Unconditional	38
	SECTION 12.09 Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice	38
	SECTION 12.10 Right of Trustee to Hold Senior Indebtedness	38
	ARTICLE XIII MISCELLANEOUS	 
	SECTION 13.01 Trust Indenture Act Controls	39

 

 

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	 	Page
	SECTION 13.02 Notices	39
	SECTION 13.03 Communication by Holders with Other Holders	40
	SECTION 13.04 Certificate and Opinion as to Conditions Precedent	40
	SECTION 13.05 Statements Required in Certificate or Opinion	40
	SECTION 13.06 Rules by Trustee and Agents	40
	SECTION 13.07 Legal Holidays	41
	SECTION 13.08 Duplicate Originals	41
	SECTION 13.09 Governing Law	41
	SECTION 13.10 No Adverse Interpretation of Other Agreements	41
	SECTION 13.11 Successors	41
	SECTION 13.12 Severability	41
	SECTION 13.13 Counterpart Originals	41
	SECTION 13.14 Submission to Jurisdiction	41
	SECTION 13.15 Waiver of Jury Trial	41
	SECTION 13.16 Force Majeure	42
	SECTION 13.16 Supplemental Indentures Contract	42
	SECTION 13.18 Table of Contents, Headings, etc	42
	SECTION 13.19 When Treasury Securities Disregarded	42

 

 

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CROSS-REFERENCE TABLE*

 

	Trust Indenture Act Section	 	Indenture Section
	310	(a)(1)	 	7.11
	 	(a)(2)	 	7.11
	 	(a)(3)	 	n/a
	 	(a)(4)	 	n/a
	 	(a)(5)	 	7.11
	 	(b)	 	7.03; 7.11
	 	(c)	 	n/a
	311	(a)	 	7.12
	 	(b)	 	7.12
	 	(c)	 	n/a
	312	(a)	 	2.06
	 	(b)	 	13.03
	 	(c)	 	13.03
	313	(a)	 	7.07
	 	(b)(1)	 	n/a
	 	(b)(2)	 	7.07; 7.08
	 	(c)	 	7.07; 13.02
	 	(d)	 	7.07
	314	(a)(1), (2), (3)	 	4.03;13.05
	 	(a)(4)	 	4.04
	 	(b)	 	n/a
	 	(c)(1)	 	13.04
	 	(c)(2)	 	13.04
	 	(c)(3)	 	n/a
	 	(d)	 	n/a
	 	(e)	 	13.05
	 	(f)	 	n/a
	315	(a)	 	7.01(b)
	 	(b)	 	7.06; 13.02
	 	(c)	 	7.01(a)
	 	(d)	 	7.01(c)
	 	(e)	 	6.11
	316	(a)(last sentence)	 	2.11
	 	(a)(1)(A)	 	6.05
	 	(a)(1)(B)	 	6.04
	 	(a)(2)	 	n/a
	 	(b)	 	6.07
	 	(c)	 	9.04
	317	(a)(1)	 	6.08
	 	(a)(2)	 	6.09
	 	(b)	 	2.04
	318	(a)	 	13.01
	 	(b)	 	n/a
	 	(c)	 	13.01

 

“n/a” means not applicable.

  

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SUBORDINATED INDENTURE
(this “Indenture”), dated as of ________, by and between PRECIPIO, INC., a Delaware corporation (the “Company”),
as issuer, and ______________, a ____________, as trustee (the “Trustee”).

 

RECITALS

 

The Company has duly
authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its debentures, notes
or other evidences of indebtedness to be issued in one or more series (the “Securities”), up to such principal amount
as may from time to time be authorized in or pursuant to one or more resolutions of the Board of Directors or by supplemental indenture.

 

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

For and in consideration
of the premises and the purchase of the Securities by the Holders thereof, it is mutually covenanted and agreed for the equal and
ratable benefit of the Holders of the Securities, as follows:

 

ARTICLE I

 

DEFINITIONS AND INCORPORATION BY REFERENCE

 

SECTION 1.01  Definitions.

 

“Affiliate”
means, when used with reference to the Company or another Person, any Person directly or indirectly controlling, controlled by,
or under direct or indirect common control with, the Company or such other Person, as the case may be. For the purposes of this
definition, “control” when used with respect to any specified Person means the power to direct or cause the direction
of management or 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 of the foregoing.

 

“Agent”
means any Registrar, Paying Agent, authenticating agent or co-Registrar.

 

“Balance Sheet”
of a Person means a consolidated balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP.

 

“Bankruptcy Law”
means Title 11 of the U.S. Code or any similar federal or state law for the relief of debtors.

 

“Board of Directors”
means, with respect to any Person, the Board of Directors of such Person or any duly authorized committee of such Board of Directors.

 

“Board Resolution”
means a copy of a resolution certified by the secretary or an assistant secretary of such Person to have been duly adopted by the
Board of Directors of such Person or any duly authorized committee thereof and to be in full force and effect on the date of such
certification, and delivered to the Trustee.

 

“Business Day”
means a day that is not a Legal Holiday.

 

“Company”
means the party named as the Company in the first paragraph of this Indenture until one or more successor corporations shall have
become such pursuant to the applicable provisions of this Indenture, and thereafter means such successors.

 

 

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“Consolidated”
or “consolidated” means, when used with reference to any amount, such amount determined on a consolidated basis in
accordance with GAAP, after the elimination of intercompany items.

 

“Corporate Trust
Office” means the office of the Trustee at which at any particular time its corporate services business shall be principally
administered, which office at the date of execution of this Indenture is located at ______________.

 

“Custodian”
means any receiver, trustee, assignee, liquidator, sequestrator or similar official under any Bankruptcy Law.

 

“Default”
means any event which is, or after notice or lapse of time or both would be, an Event of Default.

 

“Depositary”
means The Depository Trust Company, its nominees and their respective successors.

 

“DTC Participants”
has the meaning specified in Section 2.08.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended, or any successor statute.

 

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

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended, or any successor statute.

 

“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 applicable from time to time.

 

“Global Securities”
means a Security issued to evidence all or a part of any series of Securities that is executed by the Company and authenticated
and delivered by the Trustee to a depositary or pursuant to such depositary’s instructions, all in accordance with this Indenture
and pursuant to Section 2.01, which shall be registered as to principal and interest in the name of such depositary or its
nominee.

 

“Holder”
means the Person in whose name a Security is registered on the Registrar’s books.

 

“Indebtedness”
of a Person means any indebtedness, including principal and premium,

 

(i)           in
respect of borrowed money;

 

(ii)          evidenced
by bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (or, without double counting,
reimbursement agreements in respect thereof);

 

(iii)         representing
the deferred purchase price of property or services other than trade or accounts payable arising in the ordinary course of such
Person’s business;

  

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(iv)         representing
obligations, whether or not assumed, secured by Liens on property now or hereafter owned or acquired by such Person (other than
carriers’, warehousemen’s, mechanics’, repairmen’s or other like nonconsensual statutory Liens arising
in the ordinary course of business), provided, however, that the amount of any such Indebtedness for which recourse is limited
to certain property shall be the lower of (a) the amount of the obligation and (b) the fair market value of the property
securing such obligation;

 

(v)          capitalized
lease obligations; and

 

(vi)         if
and to the extent it would appear as a liability upon Balance Sheet of such Person, contingent obligations with respect to the
Indebtedness of another Person, including but not limited to the obligation or liability of another which such Person assumes,
guarantees, endorses, contingently agrees to purchase or provide funds for the payment of, or otherwise becomes contingently liable
upon; provided , however , that any Indebtedness owing by the Company to any of its Subsidiaries or by any Subsidiary
of the Company to the Company or by any Subsidiary of the Company to any other Subsidiary of the Company or any contingent obligation
in respect thereof shall not constitute Indebtedness.

 

For purposes of this
Indenture, Indebtedness shall not include

 

(i)           indebtedness
that would not appear as a liability upon a Balance Sheet of such Person;

 

(ii)          indebtedness
that is recourse only to certain assets of such Person, if the assets to which such indebtedness is recourse only appear on a Balance
Sheet of such Person net of such indebtedness; or

 

(iii)         indebtedness
or other obligations issued by any Person (or by a trust or other entity established by such Person or any of its affiliates) which
are primarily serviced by the cash flows of a discrete pool of receivables, leases or other financial assets which have been sold
or transferred by the Company or any Subsidiary in securitization transactions which, in accordance with GAAP, are accounted for
as sales for financial reporting purposes.

 

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

 

“Issue Date”
means the date of original issuance of the initial Securities pursuant to this Indenture.

 

“Legal Holiday”
has the meaning specified in Section 13.07.

 

“Lien”
means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), or preference,
priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation,
any conditional sale or other title retention agreement or any financing lease having substantially the same economic effect as
any of the foregoing).

 

“Obligations”
means all obligations for principal, premium, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities
payable under the documentation governing any Indebtedness.

 

 

    	 	3	 

     

    

 

 

“Officer”
of any Person means the Chairman of the Board, Vice Chairman, the Chief Executive Officer, the President, any Senior Vice President,
any Executive Vice President, any Vice President, the Chief Financial Officer, the Treasurer, the Secretary or the Controller of
such Person.

 

“Officers’
Certificate” means a certificate signed by two Officers or by an Officer and an Assistant Treasurer, Assistant Secretary
or Assistant Controller of any Person.

 

“Opinion of Counsel”
means a written opinion from legal counsel. The counsel may be an employee of or counsel to the Company.

 

“Paying Agent”
has the meaning specified in Section 2.04.

 

“Person”
means an individual, partnership, corporation, business trust, joint stock company, trust, unincorporated association, joint venture,
governmental authority or other entity of whatever nature.

 

“Physical Securities”
means permanent certificated Securities in registered form, issued in accordance with Section 2.08 and the terms of any indenture
supplemental hereto.

 

“Redemption Date”
means, with respect to any Securities to be redeemed, the date fixed for such redemption pursuant to this Indenture.

 

“Redemption Price”
means the redemption price fixed in accordance with the terms of the Securities, plus accrued and unpaid interest, if any, to the
date fixed for redemption.

 

“Register”
has the meaning specified in Section 2.04.

 

“Registrar”
has the meaning specified in Section 2.04.

 

“Responsible
Officer” shall mean, when used with respect to the Trustee, any officer within the corporate trust department of the Trustee,
including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer
of the Trustee who customarily performs functions similar to those performed by the Persons who at the time shall be such officers,
respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with
the particular subject and who shall have direct responsibility for the administration of this Indenture.

 

“SEC” means
the Securities and Exchange Commission and any government agency succeeding to its functions.

 

“Securities”
means the securities authenticated and delivered under this Indenture.

 

“Securities Act”
means the Securities Act of 1933, as amended, or any successor statute.

 

“Senior Indebtedness”
means all Indebtedness (present or future) created, incurred, assumed or guaranteed by the Company (and all renewals, extensions
or refundings thereof), unless the instrument under which such Indebtedness is created, incurred, assumed or guaranteed provides
that such Indebtedness is not senior or superior in right of payment to the Securities. Notwithstanding anything to the contrary
in the foregoing, Senior Indebtedness shall not include (i) any Indebtedness of the Company to any of its Subsidiaries, (ii) any
trade payables of the Company or (iii) any liability for federal, state, local or other taxes owed or owing by the Company.

 

“Significant
Subsidiary” means any Subsidiary that would constitute a “significant subsidiary” within the meaning of Article 1
of Regulation S-X of the Securities Act as in effect on the date of this Indenture.

  

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“Subsidiary”
of any Person means:

 

(i)           a
corporation a majority of whose capital stock with voting power, under ordinary circumstances, to elect directors is at the time,
directly or indirectly, owned by such Person or by such Person and a subsidiary or subsidiaries of such Person or by a subsidiary
or subsidiaries of such Person; or

 

(ii)          any
other Person (other than a corporation) in which such Person or such Person and a subsidiary or subsidiaries of such Person or
a subsidiary or subsidiaries of such Persons, at the time, directly or indirectly, owns at least a majority voting interest under
ordinary circumstances.

 

“TIA” means
the Trust Indenture Act of 1939, as in effect on the date of this Indenture; provided, however, that in the event the TIA is amended
after such date, “TIA” means, to the extent required by such amendment, the Trust Indenture Act of 1939, as so amended,
or any successor statute.

 

“Trustee”
means the party named as such in this Indenture until a successor replaces it and thereafter, means the successor.

 

“U.S. Government
Obligations” means (i) direct obligations of the United States of America for the payment of which the full faith and
credit of the United States of America is pledged or (ii) obligations of a person controlled or supervised by and acting as an
agency or instrumentality of the United States of America, the payment of which is unconditionally guaranteed as a full faith and
credit obligation by the United States of America and which in either case, are non-callable at the option of the issuer thereof.

 

SECTION 1.02  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. In addition,
the provisions of Sections 310 to and including 317 of the TIA that impose duties on any person are incorporated by reference in,
and form a part of, this Indenture.

 

The following TIA terms
used in this Indenture have the following meanings:

 

“indenture securities”
means the Securities;

 

“indenture security holder”
means a Holder;

 

“indenture to be qualified”
means this Indenture;

 

“indenture trustee”
or “institutional trustee” means the Trustee; and

 

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

 

All other TIA terms
used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule have the
meanings assigned to them by such definitions.

 

SECTION 1.03  Rules of Construction.

 

Unless the context
otherwise requires:

  

    	 	5	 

     

    

 

 

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

 

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

 

(c)           “or”
is not exclusive;

 

(d)           “including”
means including without limitation;

 

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

 

(f)           provisions
apply to successive events and transactions.

 

ARTICLE II

 

THE SECURITIES

 

SECTION 2.01  Unlimited in Amount,
Issuable in Series, Denomination

 

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 in denominations of $1,000 and any integral multiple thereof. Prior to the issuance of Securities of a series,
the Company and the Trustee will execute an indenture supplemental hereto which will set forth as to the Securities of that series,
to the extent applicable:

 

(a)           The
title and ranking of such Securities;

 

(b)           The
aggregate principal amount of such Securities and any limit on such aggregate principal amount that may be issued;

 

(c)           The
denomination of such Securities, if other than $1,000 and any integral multiple thereof;

 

(d)           The
price (expressed as a percentage of the principal amount thereof) at which such Securities will be issued and, if other than the
principal amount thereof, the portion of the principal amount thereof payable upon declaration of acceleration of the maturity
thereof;

 

(e)           The
date or dates, or the method for determining such date or dates, on which the Securities will mature and the amounts to be paid
upon maturity of the Securities;

 

(f)           
The rate or rates (which may be fixed or variable), or the method by which such rate or rates shall be determined, at which such
Securities will bear interest, if any, the date or dates, or the method for determining such date or dates, from which any such
interest will accrue, the dates on which any such interest will be payable, the record dates for such interest payment dates, or
the method by which such dates shall be determined, the persons to whom such interest shall be payable, and the basis upon which
interest shall be calculated, if other than that of a 360-day year of twelve 30-day months;

 

(g)           The
right, if any, of the Company to defer payment of interest and the maximum length of any such deferral period;

 

(h)           The
place or places where the principal of, and premium and interest, if any, on such Securities will be payable, where such Securities
may be surrendered for registration of transfer or exchange and where notices or demands to or upon the Company in respect of such
Securities and this Indenture may be served;

 

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(i)           The
date or dates, if any, after which, and the price or prices at which, and the other terms and conditions upon which such Securities
may, pursuant to any optional or mandatory redemption provisions, be redeemed, as a whole or in part, by the Company;

 

(j)           The
obligation, if any, of the Company to redeem, repay or purchase such Securities pursuant to any sinking fund or analogous provision
or at the option of a Holder thereof, and the period or periods within which, the price or prices at which and the other terms
and conditions upon which such Securities will be redeemed, repaid or purchased, as a whole or in part, pursuant to such obligation;

 

(k)           The
terms, if any, on which the Securities of such series are convertible into, or exchangeable for, shares of common stock or other
securities of the Company, including any mandatory conversion or exchange provisions and any provisions intended to prevent dilution
of those conversion or exchange rights;

 

(l)           Whether
such Securities will be secured or unsecured and the terms relating thereto;

 

(m)          The
restrictions, if any, on the transfer, sale or other assignment of the Securities;

 

(n)           If
other than U.S. dollars, the currency or currencies in which such Securities are denominated and payable, which may be a foreign
currency or units of two or more foreign currencies or a composite currency or currencies, and the terms and conditions relating
thereto;

 

(o)           Whether
the principal of, or premium and interest, if any, on the Securities of the series is to be payable, at the election of the Company
or a Holder thereof, in a currency or currencies, currency unit or units or composite currency or currencies other than that in
which such Securities are denominated or stated to be payable, the period or periods within which, and the terms and conditions
upon which, such election may be made, and the time and manner of, and identity of the exchange rate agent with responsibility
for, determining the exchange rate between the currency or currencies, currency unit or units or composite currency or currencies
in which such Securities are denominated or stated to be payable and the currency or currencies, currency unit or units or composite
currency or currencies in which such Securities are to be so payable;

 

(p)           Whether
the amount of payments of principal of, or premium and interest, if any, on such Securities may be determined with reference to
an index, formula or other method (which index, formula or method may, but need not be, based on the yield on or trading price
of other securities, including United States Treasury securities, or on a currency, currencies, currency unit or units, or composite
currency or currencies) and the manner in which such amounts shall be determined;

 

(q)           Any
deletions from, modifications of or additions to the Events of Default or covenants of the Company with respect to Securities of
the series, whether or not such Events of Default or covenants are consistent with the Events of Default or covenants described
herein;

 

(r)           Whether
and under what circumstances the Company will pay any additional amounts on such Securities in respect of any tax, assessment or
governmental charge and, if so, whether the Company will have the option to redeem such Securities in lieu of making such payment;

 

(s)           Whether
Securities of the series are to be issuable as registered securities, bearer securities (with or without coupons) or both, any
restrictions applicable to the offer, sale or delivery of bearer securities and the terms upon which bearer securities of the series
may be exchanged for registered securities of the series and vice versa (if permitted by applicable laws and regulations), whether
any Securities of the series are to be issuable initially in temporary global form and whether any Securities of the series are
to be issuable in permanent global form with or without coupons and, if so, whether beneficial owners of interests in any such
permanent Global Security may exchange such interests for Securities of such series and of like tenor or any authorized form and
denomination and the circumstances under which any such exchanges may occur, if other than in the manner provided in the indenture,
and, if registered securities of the series are to be issuable as a Global Security, the identity of the depositary for such series;

 

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(t)           The
date as of which any bearer securities of the series and any temporary Global Security representing outstanding Securities of the
series shall be dated if other than the date of original issuance of the first Security of the series to be issued;

 

(u)           The
person to whom any interest on any registered security of the series shall be payable, if other than 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 such interest,
the manner in which, or the person to whom, any interest on any bearer security of the series shall be payable, if otherwise than
upon presentation and surrender of the coupons appertaining thereto as they severally mature, and the extent to which, or the manner
in which, any interest payable on a temporary Global Security on an interest payment date will be paid if other than in the manner
provided in the indenture;

 

(v)           The
applicability, if any, of the legal defeasance and covenant defeasance provisions of this Indenture to the Securities of the series;

 

(w)          Whether
such Securities will be issued in certificated or book entry form, and if the Securities of such series are to be issuable in definitive
form (whether upon original issue or upon exchange of a temporary security of such series) only upon receipt of certain certificates
or other documents or satisfaction of other conditions, then the form and/or terms of such certificates, documents or conditions;

 

(x)           Whether
the Securities will be listed for trading on an exchange and the identity of such exchange, and whether any underwriters will act
as market makers for the Securities; and

 

(y)           Any
other terms, preferences, rights or limitations of, or restrictions on, the Securities of such series, including any restrictions
on the transfer, sale or other assignment of the Securities.

 

SECTION 2.02  Form and Dating.

 

The Securities of each
series will be substantially in the form established by an indenture supplemental hereto relating to the Securities of that series.
The Securities may have notations, legends or endorsements required by law, stock exchange rules or usage. The Company will approve
the form of the Securities and any notation, legend or endorsement thereon. Each Security will be dated as of the date of its authentication
pursuant to Section 2.03.

 

SECTION 2.03  Execution and Authentication.

 

Two Officers shall
sign the Securities for the Company by manual or facsimile signature. If an Officer whose signature is on a Security no longer
holds that office at the time the Security is authenticated, the Security shall be valid nevertheless.

 

A Security shall not
be valid until authenticated by the manual signature of the Trustee. The signature shall be conclusive evidence that the Security
has been authenticated under this Indenture.

 

The Trustee shall,
upon a written order of the Company signed by one Officer of the Company, authenticate for original issue Securities in aggregate
principal amount specified in such order.

 

 

    	 	8	 

     

    

 

 

The Trustee may appoint
an authenticating agent reasonably acceptable to the Company to authenticate Securities. Unless limited by the terms of such appointment,
an authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication
by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with the
Company or an Affiliate of the Company.

 

SECTION 2.04  Registrar and Paying
Agent.

 

The Company shall maintain
an office or agency where Securities may be presented for registration of transfer or for exchange (the “ Registrar
 ”) and an office or agency where Securities may be presented for payment (the “ Paying Agent ”).
The Registrar shall keep a register of the Securities (the “ Register ”) and of their transfer and exchange.
The Company may appoint one or more co-Registrars and one or more additional Paying Agents for the Securities. The term “Paying
Agent” includes any additional paying agent and the term “Registrar” includes any additional registrar. The Company
may change any Paying Agent or Registrar without prior notice to any Holder.

 

The Company shall enter
into an appropriate agency agreement with any Agent not a party to this Indenture, which shall incorporate the terms of the TIA
and implement the terms of this Indenture that relate to such Agent. The Company shall give prompt written notice to the Trustee
of the name and address of any Agent who is 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 Affiliate of the Company may act as Paying
Agent or Registrar; provided, however, that none of the Company, its Subsidiaries or the Affiliates of the foregoing shall
act (i) as Paying Agent in connection with redemptions, offers to purchase, discharges and defeasance, as otherwise specified
in this Indenture, and (ii) as Paying Agent or Registrar if a Default or Event of Default has occurred and is continuing.

 

The Company initially
appoints The Depository Trust Company to act as Depositary with respect to the Global Securities.

 

The Company hereby
initially appoints the Trustee as Registrar and Paying Agent for the Securities.

 

SECTION 2.05  Paying Agent to Hold
Assets in Trust.

 

Not later than 11:00 a.m.
(New York City time) on each due date of the principal and interest on any Securities, the Company shall deposit with one or more
Paying Agents money in immediately available funds sufficient to pay such principal and interest so becoming due. The Company shall
require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit
of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of and interest on the Securities (whether
such money has been paid to it by the Company or any other obligor on the Securities) and shall notify the Trustee of any failure
by the Company (or any other obligor on the Securities) in making any such payment. While any such failure continues, the Trustee
may require a Paying Agent to pay all money held by it to the Trustee and to account for any funds disbursed. The Company at any
time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent
(if other than the Company or a Subsidiary of the Company) shall have no further liability for the money so paid over to the Trustee.

 

If the Company or any
Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it shall, prior to or on each due date of any principal
of or interest on the Securities, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient
with monies held by all other Paying Agents, to pay such principal or interest so becoming due until such sum of money shall be
paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its actions
or failure to act.

 

    	 	9	 

     

    

 

SECTION 2.06  Holder Lists.

 

The Trustee shall preserve
in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Holders and
shall otherwise comply with Section 312(a) of the TIA. If the Trustee is not the Registrar, the Company shall furnish to the Trustee
prior to or on each interest payment date for the Securities 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 Holders relating to such interest
payment date or request, as the case may be.

 

SECTION 2.07  General Provisions
Relating to Transfer and Exchange.

 

The Securities are
issuable only in registered form. A Holder may transfer a Security only by written application to the Registrar or another transfer
agent stating the name of the proposed transferee and otherwise complying with the terms of this Indenture. No such transfer shall
be effected until, and such transferee shall succeed to the rights of a Holder only upon, final acceptance and registration of
the transfer by the Registrar in the Register. Prior to the registration of any transfer by a Holder as provided herein, the Company,
the Trustee, and any agent of the Company shall treat the person in whose name the Security is registered as the owner thereof
for all purposes whether or not the Security shall be overdue, and neither the Company, the Trustee, nor any such agent shall be
affected by notice to the contrary. Furthermore, 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.

 

When Securities are
presented to the Registrar or another transfer agent with a request to register the transfer or to exchange them for an equal principal
amount of Securities of other authorized denominations, the Registrar shall register the transfer or make the exchange as requested
if its requirements for such transactions are met (including that such Securities are duly endorsed or accompanied by a written
instrument of transfer duly executed by the Holder thereof or by an attorney who is authorized in writing to act on behalf of the
Holder). Subject to Section 2.03, to permit registrations of transfers and exchanges, the Company shall execute and the Trustee
shall authenticate Securities at the Registrar’s request. No service charge shall be made for any registration of transfer
or exchange or redemption of the Securities, 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 other similar governmental
charge payable upon exchanges pursuant to Section 2.12, 3.06 or 9.05 hereof).

 

Neither the Registrar
nor any other transfer agent nor the Company shall be required to:

 

(i)           issue,
register the transfer of or exchange any Security during a period beginning at the opening of business 15 Business Days before
the day of any selection of Securities for redemption under Section 3.02 hereof and ending at the close of business on the
day of selection; or

 

(ii)          register
the transfer of or exchange any Security so selected for redemption in whole or in part, except the unredeemed portion of any Security
being redeemed in part.

 

    	 	10	 

     

    

 

 

Each Holder of a Security
agrees to indemnify the Company and the Trustee against any liability that may result from the transfer, exchange or assignment
of such Holder’s Security in violation of any provision of this Indenture and/or applicable United States Federal or state
securities law.

 

The Trustee shall have
no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture
or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among
DTC Participants or beneficial owners of interests in any Global Security) other than to require delivery of such certificates
and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of,
this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

 

SECTION 2.08  Book-Entry Provisions
for Global Securities.

 

(a)           The
Global Securities initially shall:

 

(i)           be
registered in the name of the Depositary or the nominee of such Depositary; and

 

(ii)          be
delivered to the Trustee as custodian for such Depositary.

 

Members of, or participants
in, the Depositary (“ DTC Participants ”) 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 such 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 such
Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing contained 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 the DTC Participants, the operation of customary practices
governing the exercise of the rights of a Holder of any Security.

 

(b)           Transfers
of a Global Security shall be limited to transfers of such Global Security in whole, but not in part, to the Depositary, its successors
or their respective nominees. Beneficial owners may transfer their interests in Global Securities in accordance with the rules
and procedures of the Depositary.

 

(c)           Any
beneficial interest in one of the Global Securities that is transferred to a person who takes delivery in the form of an interest
in another Global Security will, upon transfer, cease to be an interest in such Global Security and become an interest in such
other Global Security and, accordingly, will thereafter be subject to all transfer restrictions, if any, and other procedures applicable
to beneficial interests in such other Global Security for as long as it remains such an interest.

 

(d)           The
registered Holder of a Global Security may grant proxies and otherwise authorize any Person, including DTC Participants and Persons
that may hold interests through DTC Participants, to take any action that a Holder is entitled to take under this Indenture or
the Securities.

 

(e)           If
at any time:

 

(i)           the
Company notifies the Trustee in writing that the Depositary is no longer willing or able to continue to act as Depositary for the
Global Securities or the Depositary ceases to be a “clearing agency” registered under the Exchange Act, and a successor
depositary for the Global Securities is not appointed by the Company within 90 days of such notice or cessation;

 

 

    	 	11	 

     

    

 

 

(ii)           the
Company, at its option, notifies the Trustee in writing that it elects to cause the issuance of the Securities in definitive form
under this Indenture in exchange for all or any part of the Securities represented by a Global Security or Global Securities; or

 

(iii)         an
Event of Default has occurred and is continuing and the Registrar has received a request from the Depositary,

 

subject to this Section 2.08(e), the
Depositary shall surrender such Global Security or Global Securities to the Trustee for cancellation and then the Company shall
execute, and the Trustee shall authenticate and deliver in exchange for such Global Security or Global Securities, Physical Securities,
as applicable, in an aggregate principal amount equal to the principal amount of such Global Security or Global Securities. Such
Physical Securities shall be registered in such names as the Depositary shall identify in writing as the beneficial owners, or
participant nominees, of the Securities represented by such Global Security or Securities (or any nominee thereof).

 

(f)           Notwithstanding
the foregoing, in connection with any transfer of a portion of the beneficial interests in a Global Security to beneficial owners
pursuant to paragraph (e) of this Section 2.08, the Registrar shall reflect on its books and records the date and a decrease
in the principal amount of such Global Security in an amount equal to the principal amount of the beneficial interest in such Global
Security to be transferred, and the Company shall execute, and the Trustee shall authenticate and deliver, one or more Physical
Securities of like tenor and amount.

 

SECTION 2.09  Replacement Securities.

 

If a mutilated Security
is surrendered to the Trustee or if the Holder of a Security claims that the Security has been lost, destroyed or wrongfully taken,
the Company shall issue and the Trustee shall authenticate a replacement Security if the requirements of the Trustee and the Company
are met; provided that, if any such Security has been called for redemption in accordance with the terms thereof, the Trustee
may pay the Redemption Price thereof on the Redemption Date without authenticating or replacing such Security. The Trustee or the
Company may, in either case, require the Holder to provide an indemnity bond sufficient in the judgment of each of the Trustee
and the Company to protect the Company, the Trustee or any Agent from any loss which any of them may suffer if a Security is replaced
or if the Redemption Price therefor is paid pursuant to this Section 2.09. The Company may charge the Holder who has lost
a Security for its expenses in replacing a Security.

 

Every replacement Security
is an obligation of the Company and shall be entitled to the benefits of this Indenture equally and proportionately with any and
all other Securities duly issued hereunder.

 

SECTION 2.10  Outstanding Securities.

 

The Securities outstanding
at any time are all the Securities authenticated by the Trustee, except for (i) those cancelled by it, (ii) those delivered
to it for cancellation and (iii) those described in this Section as not outstanding.

 

If a Security is replaced
pursuant to Section 2.09 hereof, it ceases to be outstanding and interest ceases to accrue unless the Trustee receives proof
satisfactory to it that the replaced Security is held by a bona fide purchaser.

 

If all principal of
and interest on any Security are considered paid under Section 4.01 hereof, such Security ceases to be outstanding and interest
on it ceases to accrue.

 

    	 	12	 

     

    

 

 

Except as provided
in Section 2.11 hereof, a Security does not cease to be outstanding because the Company or an Affiliate of the Company holds
such Security.

 

SECTION 2.11  Treasury Securities.

 

In determining whether
the Holders of the required aggregate principal amount of Securities of any series have concurred in any direction, waiver or consent,
Securities owned by the Company or an Affiliate of the Company shall be considered as though they are not outstanding, except that
for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only
Securities which such Trustee actually knows are so owned shall be so disregarded.

 

SECTION 2.12  Temporary Securities.

 

Until definitive Securities
are ready for delivery, the Company may prepare and execute, and the Trustee shall authenticate upon a written order of the Company
signed by one Officer of the Company, temporary Securities. Temporary Securities shall be substantially in the form of definitive
Securities but may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay,
the Company shall prepare, and the Trustee shall authenticate, definitive Securities in exchange for temporary Securities. Holders
of temporary Securities shall be entitled to all of the benefits of this Indenture.

 

SECTION 2.13  Cancellation.

 

The Company at any
time may deliver Securities to the Trustee for cancellation. The Registrar and Paying Agent shall forward to the Trustee any Securities
surrendered to them for registration of transfer, exchange, payment or repurchase. The Trustee shall cancel all Securities surrendered
for registration of transfer, exchange, payment, repurchase, redemption, replacement or cancellation and shall return such cancelled
Securities to the Company upon the Company’s written request (subject to the record retention requirements of the Exchange
Act). The Company may not issue new Securities to replace Securities that it has paid or that have been delivered to the Trustee
for cancellation.

 

SECTION 2.14  CUSIP Numbers.

 

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

 

SECTION 2.15  Defaulted Interest.

 

If the Company fails
to make a payment of interest on Securities, it shall pay such defaulted interest plus (to the extent lawful) any interest payable
on the defaulted interest, in any lawful manner. It may elect to pay such defaulted interest, plus any such interest payable on
it, to the Persons who are Holders of such Securities on which the interest is due on a subsequent special record date. The Company
shall notify the Trustee in writing of the amount of defaulted interest proposed to be paid on each such Security. The Company
shall fix any such record date and payment date for such payment.  At least 15 days before any such record date,
the Company shall mail to Holders affected thereby a notice that states the record date, interest payment date, and amount of such
interest to be paid.

 

    	 	13	 

     

    

 

 

SECTION 2.16  Special Record Dates.

 

The Company may, but
shall not be obligated to, set a record date for the purpose of determining the identity of Holders of Securities entitled to consent
to any supplement, amendment or waiver permitted by this Indenture. If a record date is fixed, the Holders of Securities outstanding
on such record date, and no other Holders, shall be entitled to consent to such supplement, amendment or waiver or revoke any consent
previously given, whether or not such Holders remain Holders after such record date. No consent shall be valid or effective for
more than 90 days after such record date unless consents from Holders of the aggregate principal amount of Securities required
hereunder for such amendment or waiver to be effective shall have also been given and not revoked within such 90-day period.

 

ARTICLE III

 

REDEMPTION

 

SECTION 3.01  Notices to Trustee.

 

If the Company elects
to redeem any series of Securities pursuant to the optional redemption provisions set forth in the supplemental indenture relating
to such series of Securities, it shall notify the Trustee in writing of the intended Redemption Date, the principal amount of Securities
to be redeemed and the CUSIP numbers of the Securities to be redeemed. The Company shall give each notice to the Trustee provided
for in this Section 3.01 at least days fifteen (15) days before the giving of the notice of redemption pursuant to Section
3.03 hereof (unless a shorter period is satisfactory to the Trustee).

 

SECTION 3.02  Selection of Securities
to Be Redeemed.

 

If fewer than all the
Securities of any series are to be redeemed, the Trustee shall select the Securities of such series to be redeemed from the outstanding
Securities of such series by a method that complies with the requirements of any exchange on which the Securities are listed, or,
if the Securities are not listed on an exchange, on a pro rata basis or by lot or in accordance with any other method the Trustee
considers fair and appropriate. The Trustee will make the selection from outstanding Securities of that series not previously called
for redemption.

 

Securities and portions
thereof of any series that the Trustee selects shall be in amounts equal to the minimum authorized denomination for Securities
to be redeemed or any integral multiple thereof. The Trustee may select for redemption portions of the principal amount of Securities
that have denominations larger than the minimum denomination in which Securities of the applicable series may be issued. Provisions
of this Indenture that apply to Securities of any series called for redemption also apply to portions of Securities of such series
called for redemption. The Trustee shall notify the Company promptly in writing of the Securities or portions of Securities of
any series to be called for redemption.

 

SECTION 3.03  Notice of Redemption.

 

At least 30 days
but not more than 60 days before the Redemption Date, the Company shall mail a notice of redemption by first-class mail to
each Holder whose Securities are to be redeemed in whole or in part at the address of such Holder appearing in the Register.

 

The notice shall identify
the principal amount and series of each Security to be redeemed and shall state:

 

(a)           the
Redemption Date;

 

(b)           the
method being used to determine the Redemption Price;

 

    	 	14	 

     

    

 

 

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

 

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

 

(e)           that
Securities called for redemption must be presented and surrendered to the Paying Agent to collect the Redemption Price plus accrued
interest, if any;

 

(f)           that,
unless the Company defaults in payment of the Redemption Price, interest on Securities (or the portions thereof) called for redemption
ceases to accrue interest on and after the Redemption Date, and, if applicable, those Securities (or the portion thereof called
for redemption) will cease on the Redemption Date (or such other date as if provided in the supplemental indenture relating to
the Securities) to be convertible into, or exchangeable for, other securities or assets;

 

(g)           if
applicable, the current conversion or exchange price; and

 

(h)           the
CUSIP numbers, if any, of the Securities to be redeemed.

 

At the Company’s
written request, the Trustee shall give the notice of redemption in the Company’s name and at its expense.

 

SECTION 3.04  Effect of Notice of
Redemption.

 

Once the notice of
redemption is mailed, Securities called for redemption become irrevocably due and payable on the Redemption Date at the Redemption
Price. Upon surrender to the Paying Agent, such Securities shall be paid at the Redemption Price, plus accrued and unpaid interest
to the Redemption Date.

 

The notice mailed in
the manner herein provided shall be conclusively presumed to have been duly given whether or not the Holder receives such notice.
In any case, failure to give such notice by mail or any defect in the notice to the Holder of any Securities shall not affect the
validity of the proceeding for the redemption of Securities of any other Holder.

 

SECTION 3.05  Deposit of Redemption
Price.

 

Prior to 11:00 a.m.,
New York City time, on the Redemption Date, the Company shall deposit with the Trustee or with the Paying Agent (or, if the Company
or an Affiliate of the Company is acting as the paying Agent, shall segregate and hold in trust) an amount of money sufficient
to pay the Redemption Price of all Securities to be redeemed on that date, together with accrued and unpaid interest to the Redemption
Date, except for Securities or portions thereof called for redemption which have been delivered by the Company to the Trustee for
cancellation or Securities which have been surrendered for conversion or exchange. If any Securities called for redemption are
converted or exchanged, any money deposited with the Trustee or Paying Agent for redemption of those Securities shall be promptly
paid to the Company upon its request, or, if the money is held in trust by the Company or a Subsidiary as Paying Agent, the money
will be discharged from the trust.

 

SECTION 3.06  Securities Redeemed
in Part.

 

Upon surrender of a
Security that is redeemed in part, the Company shall execute and the Trustee shall authenticate for the Holder at the expense of
the Company, a new Security equal in principal amount to the unredeemed portion of the Security surrendered.

 

    	 	15	 

     

    

 

 

SECTION 3.07  Holder's Right to
Require Redemption.

 

Holders of Securities
of a series will have the right to require the Company to redeem those Securities only to the extent, and only on the terms, set
forth in the supplemental indenture relating to the Securities of that series. If Holders of Securities of a series have the right
to require the Company to redeem those Securities, unless otherwise provided in the supplemental indenture relating to the Securities
of that series, the terms of the redemption will include those set forth in Section 3.08.

 

SECTION 3.08  Procedure for Requiring
Redemption.

 

If a Holder has the
right to require the Company to redeem Securities, to exercise that right, the Holder must deliver the Securities to the Paying
Agent, endorsed for transfer and with the form on the reverse side regarding the option to require redemption completed. Delivery
of Securities to the Paying Agent as provided in this Section 3.07 will constitute an irrevocable election to cause the specified
principal amount of Securities to be redeemed. When Securities are delivered to the Paying Agent as provided in this Section, unless
the Company fails to make the payments due as a result of the redemption within twenty (20) days after the Securities are delivered
to the Paying Agent, interest on the Securities will cease to accrue and, if the Securities are convertible or exchangeable, the
Holder's right to convert or exchange the Securities will terminate.

 

The Company's determination
of all questions regarding the validity, eligibility (including time of receipt) and acceptance of any Security for redemption
will be final and binding.

 

ARTICLE IV

 

COVENANTS

 

SECTION 4.01  Payment of Securities.

 

The Company shall pay,
or cause to be paid, the principal of and interest on the Securities on the dates and in the manner provided in the Securities
and the supplemental Indenture relating to the series. Principal and interest shall be considered paid on the date due if the Paying
Agent, if other than the Company, a Subsidiary of the Company or any Affiliate of any of them, holds as of 11:00 a.m. (New
York City time) on that date immediately available funds designated for and sufficient to pay all principal and interest then due.
If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, principal or interest shall
be considered paid on the due date if the entity acting as Paying Agent complies with the second paragraph of Section 2.05
hereof.

 

The Company shall pay
interest on overdue principal and premium, and interest on overdue installments of interest, to the extent lawful, at the rate
per annum specified therefor in the Securities.

 

Notwithstanding anything
to the contrary contained in this Indenture, the Company may, to the extent it is required to do so by law, deduct or withhold
income or other similar taxes imposed by the United States of America from principal or interest payments hereunder.

 

SECTION 4.02  Maintenance of Office
or Agency.

 

The Company shall maintain
in the Borough of Manhattan, The City of New York, an office or agency (which may be an office of the Trustee or an affiliate of
the Trustee or Registrar) where the Securities may be surrendered for registration of transfer or exchange and where notices and
demands to or upon the Company in respect of the Securities and this Indenture may be served. The Company shall give prompt written
notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company 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.

 

    	 	16	 

     

    

 

 

The Company may also
from time to time designate one or more other offices or agencies where the Securities may be presented or surrendered for any
or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or
rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in the Borough of Manhattan,
The City of New York for such purposes. The Company shall give prompt written notice to the Trustee of any such designation or
rescission and of any change in the location of any such other office or agency.

 

The Company hereby
designates the New York office of the Trustee located at ___________________________, as one such office or agency of the Company
in accordance with Section 2.04 hereof.

 

SECTION 4.03  Reports.

 

(a)           The
Company shall deliver to the Trustee within fifteen (15) days after it files them with the SEC copies of the annual reports
and of the information, documents, and other reports (or copies of such portions of any of the foregoing as the SEC may by rules
and regulations prescribe) which the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange
Act and posting of such reports on the Company’s web site shall be deemed delivery to the Trustee; provided, however,
the Company shall not be required to deliver to the Trustee any materials for which the Company has sought and received confidential
treatment by the SEC. The Company shall also comply with the other provisions of Section 314(a) of the TIA.

 

(b)           Delivery
of reports, information and documents to the Trustee pursuant to this Section 4.03 is for informational purposes only and the Trustee’s
receipt of such shall not constitute constructive notice of any information contained therein or determinable from information
contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled
to rely exclusively on Officers’ Certificates).

 

SECTION 4.04  Compliance Certificate.

 

The Company shall deliver
to the Trustee, within 120 days after the end of each fiscal year of the Company, an Officers’ Certificate, one of the
signers of which is the chief executive officer, vice chairman, the chief financial officer, executive vice president or the chief
accounting officer of the Company, stating that in the course of the performance by the signers of their duties as officers of
the Company, they would normally have knowledge of any failure by the Company to comply with all conditions, or Default by the
Company with respect to any covenants, under this Indenture, and further stating whether or not they have knowledge of any such
failure or Default and, if so, specifying each such failure or Default, the nature and status thereof and what action the Company
is taking or proposes to take with respect thereto. For purposes of this Section, such compliance shall be determined without regard
to any period of grace or requirement of notice provided for in this Indenture. The certificate need not comply with Section 13.04
hereof.

 

SECTION 4.05  Taxes.

 

The Company shall pay
prior to delinquency, all material taxes, assessments, and governmental levies except as contested in good faith by appropriate
proceedings.

 

    	 	17	 

     

    

 

 

SECTION 4.06  Corporate Existence.

 

Subject to Article V
hereof, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect (i) its
corporate existence and (ii) the material rights (charter and statutory), licenses and franchises of the Company and its Subsidiaries
taken as a whole; provided, however, that the Company shall not be required to preserve any such right, license or franchise
if the Board of Directors determines that the preservation thereof is no longer in the best interests of the Company, and that
the loss thereof is not adverse in any material respect to the Holders.

 

ARTICLE V

 

MERGER, ETC.

 

SECTION 5.01  When Company May Merge,
etc.

 

The Company shall not
consolidate or merge with or into, or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of
its assets to, any Person unless :

 

(a)           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 shall have been made, is a corporation organized and existing under the laws of
the United States of America, any state thereof or the District of Columbia;

 

(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 shall have been made, expressly assumes by one or more supplemental indentures
satisfactory in form to the Trustee all of the obligations of the Company under the Securities and this Indenture;

 

(c)           immediately
after such transaction, and giving effect thereto, no Default or Event of Default shall have occurred and be continuing; and

 

(d)           the
Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that the consolidation,
merger, conveyance, transfer or lease and the supplemental indenture (or supplemental indentures together) comply with this Article
V and that all conditions precedent herein provided relating to the transaction have been complied with.

 

Notwithstanding the
foregoing, the Company may merge with another Person or acquire by purchase or otherwise all or any part of the property or assets
of any other corporation or Person in a transaction in which the surviving entity is the Company.

 

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 the assets of
the Company in accordance with Section 5.01 hereof, the successor corporation formed by such consolidation or into which the Company
is merged or to which such sale, assignment, transfer, lease, conveyance or other disposition is made shall succeed to, and be
substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor
corporation had been named as the Company herein. In the event of any such sale or conveyance, but not any such lease, the Company
or any successor corporation which thereafter will have become such in the manner described in this Article V shall be discharged
from all obligations and covenants under the Securities and this Indenture and may be dissolved, wound up or liquidated.

 

    	 	18	 

     

    

 

 

ARTICLE VI

 

DEFAULTS AND REMEDIES

 

SECTION 6.01  Events of Default.

 

An “Event of
Default” with respect to each series of the Securities occurs when any of the following occurs:

 

(a)           the
Company defaults in the payment of the principal, premium, or sinking fund payment, if any,   of any Security of such
series when it becomes due and payable at maturity, upon acceleration, repurchase, redemption or otherwise, unless the time for
payment is extended;

 

(b)           the
Company defaults in the payment of interest on any Security of such series when it becomes due and payable and such Default continues
for a period of ninety (90) days, unless the time for payment is extended;

 

(c)           the
Company fails to comply in any material respect with any of its other agreements or covenants in, or provisions of, the Securities
or this Indenture and the Company and such Default continues for a period of ninety (90) days after the Company receives written
notice of such Default from the Trustee, or the Company the Trustee receive written notice of such Default from the Holders of
at least 51% in aggregate principal amount of the outstanding Securities of such series;

 

(d)           the
Company or a Significant Subsidiary pursuant to or within the meaning of any Bankruptcy Law:

 

(i)           commences
a voluntary case or proceeding;

 

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

 

(iii)         consents
to the appointment of a Custodian of it or for any substantial part of its property; or

 

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

 

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

 

(i)           is
for relief against the Company or any Significant Subsidiary in an involuntary case or proceeding against the Company or any Significant
Subsidiary;

 

(ii)          appoints
a Custodian for the Company or any Significant Subsidiary or for any substantial part of its property; or

 

(iii)         orders
the winding up or liquidation of the Company or any Significant Subsidiary,

 

and any such order or decree
under this clause (3) remains unstayed and in effect for ninety (90) days.

Any notice of default
under clause (iii) of this Section 6.01 must specify the Default, demand that it be remedied and state that the notice
is a “Notice of Default.”

 

Each of the occurrences
described in clauses (i) through (v) of this Section 6.01 will constitute an Event of Default whatever the reason for the occurrence
and whether it is voluntary or involuntary or is effected by operation of law or pursuant to any judgment, decree or order of any
court or any order, rule or regulation of any administrative or governmental body.

 

    	 	19	 

     

    

 

 

A Default under clause
(i), (ii) or (iii) of this Section 6.01 with regard to Securities of a particular series will not constitute a Default with regard
to Securities of any other series except to the extent, if any, provided in the supplemental indenture relating to the other series.

 

SECTION 6.02  Acceleration.

 

Subject to Article
XII, if an Event of Default with respect to any series of outstanding Securities (other than an Event of Default specified in clause
(iv) or (v) of Section 6.01 hereof) occurs and is continuing, the Trustee or the Holders of at least 51% in aggregate
principal amount of the outstanding Securities of the applicable series, by written notice to the Company, and to the Trustee if
notice is given by such Holders, may declare due and payable the unpaid principal amount of all Securities of such series plus
any unpaid premium or accrued and unpaid interest, if any, to the date of payment. Upon a declaration of acceleration, such principal,
premium and accrued and unpaid interest to the date of payment shall be due and payable.

 

If an Event of Default
specified in clause (iv) or (v) of Section 6.01 hereof occurs, all unpaid principal, premium and accrued interest
on the Securities shall become and be immediately due and payable without any notice, declaration or other action on the part of
the Trustee or any Holder.

 

The Holders of a majority
in aggregate principal amount of any outstanding series of Securities by written notice to the Trustee may rescind and annul an
acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of principal, premium or
interest on the Securities which have become due solely because of the acceleration, have been cured or waived and (ii) the
rescission would not conflict with any judgment or decree of a court of competent jurisdiction. Such rescission or annulment will
not extend to any subsequent or other Default or impair any consequent right.

 

SECTION 6.03  Other Remedies.

 

If an Event of Default
with respect to any series of outstanding Securities occurs and is continuing, the Trustee may pursue any available remedy by proceeding
at law or in equity to collect the payment of principal of or interest on such series of Securities or to enforce the performance
of any provision of such series of Securities or this Indenture.

 

The Trustee may maintain
a proceeding even if it does not possess any of the Securities or does not produce any of them in the proceeding. A delay or omission
by the Trustee or any Holder in exercising any right or remedy accruing upon the Event of Default shall not impair the right or
remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other remedy. All remedies
are cumulative to the extent permitted by law.

 

SECTION 6.04  Waiver of Past Defaults.

 

Subject to Sections 6.07
and 9.02 hereof, the Holders of at least a majority in aggregate principal amount of any series of outstanding Securities by notice
to the Trustee may waive an existing Default or Event of Default except a Default or Event of Default in the payment of the principal
of or interest on such series of Securities ( provided, however, that, subject to Section 6.07, the Holders of a majority
in aggregate principal amount of the then outstanding Securities may rescind an acceleration and its consequences, including any
related payment default that resulted from such acceleration). When a Default or Event of Default is waived, it is deemed cured
and ceases, but no waiver will extend to any subsequent or other Default or impair any consequent right.

 

    	 	20	 

     

    

 

 

SECTION 6.05  Control by Majority.

 

The Holders of at least
a majority in aggregate principal amount of any outstanding series of Securities may direct the time, method and place of conducting
any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may
refuse to follow any direction that (i) conflicts with law or this Indenture, (ii) the Trustee determines may be unduly
prejudicial to the rights of other Holders of Securities of such series or (iii) may involve the Trustee in personal liability.
The Trustee may take any other action that it deems proper which is not inconsistent with any such direction.

 

SECTION 6.06  Limitation on Suits.

 

Subject to the provisions
of Section 6.07 hereof, no Holder of Securities of any series may pursue any remedy with respect to this Indenture or the
Securities of such series unless :

 

(a)           the
Holder gives to the Trustee written notice stating that an Event of Default is continuing;

 

(b)           the
Holders of at least 25% in aggregate principal amount of such series of Securities make a written request to the Trustee to pursue
the remedy;

 

(c)           such
Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability, cost or expense;

 

(d)           the
Trustee does not comply with the request within sixty (60) days after receipt of the request and the offer of indemnity; and

 

(e)           during
such 60-day period, the Holders of at least a majority in aggregate principal amount of such series of Securities do not give the
Trustee a direction inconsistent with the request.

 

A Holder may not use
this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder.

 

SECTION 6.07  Rights of Holders
To Receive Payment and to Demand Conversion.

 

Notwithstanding any
other provision of this Indenture, subject to the provisions of Article XII, the right of any Holder of a Security to receive payment
of principal of, premium, if any, or interest, if any, on the Security (and interest on overdue principal and interest on overdue
installments of interest, if any, as provided in Section 4.01) on or after the respective due dates expressed or provided for in
the Security, or in the case of redemption, on or after the Redemption Date, or in the case of conversion or exchange, to receive
the security issuable upon conversion or exchange, or to bring suit for the enforcement of any such payment, conversion or exchange
on or after such respective dates, shall not be impaired or affected without the consent of the Holder.

 

    	 	21	 

     

    

 

 

SECTION 6.08  Collection Suit by
Trustee.

 

If an Event of Default
specified in Section 6.01(i) or (ii) hereof occurs and is continuing with respect to the Securities, the Trustee may
recover judgment in its own name and as trustee of an express trust against the Company (and any other obligor on the Securities)
for the whole amount of principal, premium, if any, and accrued interest, if any, remaining unpaid on the outstanding Securities,
together with (to the extent lawful) interest on overdue principal and interest, and such further amount as shall be sufficient
to cover the costs and, to the extent lawful, expenses of collection, including the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel and any other amounts due the Trustee under Section 7.08 hereof.

 

SECTION 6.09  Trustee May File Proofs
of Claim.

 

The Trustee may file
such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee
and the Holders allowed in any judicial proceeding relative to the Company (or any other obligor upon the Securities), its creditors
or its property and shall be entitled and empowered to collect and receive any moneys or other property payable or deliverable
on any such claims and to distribute the same, and any custodian in any such judicial proceedings is hereby authorized by each
Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly
to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.08 hereof. Nothing contained
in this Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder
any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof,
or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

 

SECTION 6.10  Priorities.

 

If the Trustee collects
any amount of money with respect to the Securities pursuant to this Article VI, subject to Article XI, it shall pay out the
money in the following order:

 

(First) to the
Trustee, its agents and attorneys for amounts due under Section 7.08 hereof, including payment of all compensation, expense
and liabilities incurred, and all advances made by the Trustee and the costs and expenses of collection;

 

(Second) to
Holders of Senior Indebtedness in accordance with Article XII hereof;

 

(Third) to Holders
for amounts due and unpaid on the Securities for principal and interest, if any, ratably, without preference or priority of any
kind, according to the amounts due and payable on the Securities for principal and interest, respectively; and

 

(Fourth) to
the Company, or to such party as a court of competent jurisdiction may direct.

 

The Trustee, upon prior
written notice to the Company, may fix a record date and payment date for any payment to Holders pursuant to this Section 6.10.
The Trustee shall notify the Company in writing reasonably in advance of any such record date and payment date.

 

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 and expenses,
against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party
litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.06 hereof,
a suit by Holders of more than 10% in aggregate principal amount of any outstanding series of Securities, or to any suit instituted
by any Holder for the enforcement of the payment of the principal of, premium, if any, or interest on any Security held by that
Holder on or after the due date provided in the Security or to any suit for the enforcement of the right to convert or exchange
any Security in accordance with the provisions of a supplemental indenture applicable to that Security.

 

    	 	22	 

     

    

 

 

SECTION 6.12  Stay, Extension and
Usury Laws.

 

The Company covenants
(to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim
and will resist any and all efforts to be compelled to take the benefit or advantage of, any stay, extension or usury law wherever
enacted, now or at any time hereafter in force, which would prohibit or forgive the Company from paying all or any portion of the
principal of, premium, if any, and/or interest on any of the Securities as contemplated in this Indenture or a supplemental indenture,
or which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do
so) hereby expressly waives all benefit or advantage of any such law, and covenants that it shall not, by resort to any such law,
hinder, delay or impede the execution of any power herein granted to the Trustee, but shall suffer and permit the execution of
every such power as though no such law has been enacted.

 

SECTION 6.13  Restoration of Positions.

 

If a judicial proceeding
by the Trustee or a Holder to enforce any right or remedy under this Indenture or any supplemental indenture 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, except
as otherwise provided in the judicial proceeding, the Company, the Trustee and the Holders will be restored severally and respectively
to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though
no such proceeding had been instituted.

 

SECTION 6.14  Liability of Stockholders,
Officers, Directors and Incorporators.

 

No stockholder, officer,
director or incorporator, as such, past, present or future, of the Company, or any of its successor corporations, will have any
personal liability in respect of the Company's obligations under this Indenture or any Securities by reason of his or its status
as such stockholder, officer, director or incorporator; provided, however, that nothing in this Indenture or in the Securities
will prevent recourse to and enforcement of the liability of any holder or subscriber to common stock of the Company which has
not been fully paid up.

 

ARTICLE VII

 

TRUSTEE

 

SECTION 7.01  Duties of Trustee.

 

(a)           If
an Event of Default with respect to the Securities has occurred and is continuing, the Trustee shall exercise such of the rights
and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would
exercise or use under the circumstances in the conduct of such person’s own affairs.

 

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

 

(i)           the
Trustee need perform only those duties that are specifically set forth in this Indenture or the TIA, and no implied covenants or
obligations shall be read into this Indenture against the Trustee; and

 

    	 	23	 

     

    

 

 

(ii)           in
the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness
of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of
this Indenture; provided, however, that in the case of any such certificates or opinions which by any provision hereof are
specifically required to be furnished to the Trustee, the Trustee shall examine the certificates and opinions to determine whether
or not, on their face, they conform to the requirements of this Indenture (but need not investigate or confirm the accuracy of
mathematical calculations or other facts stated therein).

 

(c)           The
Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act or its own willful misconduct
except that:

 

(i)           this
paragraph does not limit the effect of paragraph (b) of this Section 7.01;

 

(ii)          the
Trustee shall not be liable for any error of judgment made in good faith by a Trust Officer or other officer, unless it is proved
that the Trustee was negligent in ascertaining the pertinent facts; and

 

(iii)         the
Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction 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 is subject to this
Section 7.01 and to the provisions of the TIA.

 

(e)           No
provision of this Indenture shall require the Trustee to expend or risk its own funds or incur any financial liability in the performance
of any of its duties under this Indenture or in the exercise of any of its right or power. The Trustee may refuse to perform any
duty or exercise any right or power unless it receives indemnity satisfactory to it against any loss, liability, cost or expense
(including, without limitation, reasonable fees of counsel).

 

(f)           The
Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness
or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts
or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled
to examine the books, records and premises of the Company, personally or by agent or attorney at the sole cost of the Company and
shall incur no liability or additional liability of any kind by reason of such inquiry or investigation.

 

(g)           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 to each agent, custodian and
other Person employed to act hereunder.

 

SECTION 7.02  Rights of Trustee.

 

Subject to Section
315(a) through (d) of the TIA:

 

(a)           The
Trustee may conclusively rely on 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.

 

    	 	24	 

     

    

 

(b)           Before
the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel, or both. The
Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on the Officers’ Certificate
or Opinion of Counsel.

 

(c)           The
Trustee may act through attorneys and agents and shall not be responsible for the misconduct or negligence of any attorney or agent
appointed with due care.

 

(d)           The
Trustee shall 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, unless the Trustee’s conduct constitutes willful misconduct, negligence
or bad faith.

 

(e)           The
Trustee may consult with counsel of its selection and the advice of such counsel as to matters of law shall be full and complete
authorization and protection in respect of any action taken, omitted or suffered by it hereunder in good faith and in accordance
with the advice or opinion of such counsel.

 

(f)           Unless
otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company shall be sufficient
if signed by an Officer of the Company.

 

(g)           The
Trustee may request that the Company deliver an Officers’ Certificate setting forth the names of individuals and/or titles
of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may
be signed by any person authorized to sign an Officers’ Certificate, including any person specified as so authorized in any
such certificate previously delivered and not superseded.

 

(h)           The
Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction
of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory
to the Trustee against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction.

 

(i)           
In no event shall the Trustee be responsible or liable for special or  indirect 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)           
The Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has
actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the
Corporate Trust Office of the Trustee, and such notice references the Securities and this Indenture.

 

SECTION 7.03   Individual Rights
of Trustee.

 

The Trustee in its
individual or any other capacity may become the owner or pledgee of Securities and may 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 (as such term is defined in Section 3.10(b) of the TIA), it must eliminate such conflict within ninety (90) days,
apply to the SEC for permission to continue as trustee (to the extent permitted under Section 310(b) of the TIA) 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.

 

    	 	25	 

     

    

 

 

SECTION 7.04   Money Held in Trust.

 

Money or U.S. Government
Obligations held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law.
The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing
with the Company.

 

SECTION 7.05   Trustee’s Disclaimer.

 

The Trustee (i) is
not responsible for and makes no representation as to the validity or adequacy of this Indenture, any supplemental indenture or
the Securities, (ii) will not be accountable for the Company’s use of the proceeds from the Securities, (iii) will
not be responsible for any statement in the Securities, this Indenture or any supplemental indenture, other than its certificate
of authentication, and (iv) will not be responsible for any statement in any prospectus used in the sales of the Securities, other
than statements, if any, provided in writing by the Trustee for use in such a prospectus.

 

SECTION 7.06   Notice of Defaults.

 

If a Default or Event
of Default with respect to the Securities occurs and is continuing, and if it is actually known to the Trustee, the Trustee shall
mail to Holders a notice of the Default or Event of Default within ninety (90) days after the occurrence thereof. Except in
the case of a Default or Event of Default in payment of any such Security, the Trustee may withhold the notice if and so long as
it in good faith determines that withholding the notice is in the interests of the Holders.

 

SECTION 7.07   Reports by Trustee
to Holders.

 

     The
Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required by
Section 313 of the TIA at the times and in the manner provided by the TIA, which initially shall be not less than every twelve
(12) months, which report may be dated as of a date up to 75 days prior to such transmission.

 

     A
copy of each report at the time of its mailing to Holders shall be filed with the SEC, if required, and each stock exchange, if
any, on which the Securities are listed. The Company shall promptly notify the Trustee when the Securities become listed on any
stock exchange.

 

SECTION 7.08   Compensation and
Indemnity.

 

The Company shall pay
to the Trustee from time to time such compensation as shall be agreed in writing between the Company and the Trustee for its services
hereunder. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The
Company shall reimburse the Trustee upon request for all reasonable disbursements, advances and expenses incurred by it, including
in particular, but without limitation, those incurred in connection with the enforcement of any remedies hereunder. Such expenses
may include the reasonable fees and out-of-pocket expenses of the Trustee’s agents and counsel.

 

Except as set forth
in the next paragraph, the Company shall indemnify and hold harmless the Trustee and any predecessor trustee against any and all
loss, liability, damage, claim or expense, including taxes (other than taxes based upon, measured by or determined by the income
of the Trustee) incurred by it arising out of or in connection with the acceptance or administration of the trust under this Indenture.
The Trustee shall notify the Company promptly of any claim of which it has received written notice for which it may seek indemnity.
The Company shall defend such claim and the Trustee shall cooperate in such defense. The Trustee may have separate counsel and
the Company shall pay the reasonable fees and out-of-pocket expenses of such counsel.

 

    	 	26	 

     

    

 

 

The Company need not
pay for any settlement made without its consent. The Company need not reimburse any expense or indemnify against any loss, liability,
cost or expense incurred by the Trustee through its own negligence, willful misconduct or bad faith.

 

To secure the Company’s
payment obligations in this Section 7.08, the Trustee shall have a lien prior to the Securities on all money or property held
or collected by the Trustee, except that held in trust to pay the principal of and interest on particular Securities. The Trustee’s
right to receive payment of any amounts due under this Section 7.08 will not be subordinate to any other liability or indebtedness
of the Company.

 

The Company’s
payment obligations pursuant to this Section 7.08 shall survive the satisfaction and discharge of this Indenture. When the
Trustee incurs expenses or renders services after an Event of Default specified in clause (iv) or (v) of Section 6.01
hereof occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any
Bankruptcy Law.

 

For the purpose of
this Section 7.08, “Trustee” will include any predecessor Trustee, but the negligence, willful misconduct or bad faith
of any Trustee will not affect the rights of any other Trustee under this Section 7.08, except for a successor Trustee pursuant
to Section 7.10 .

 

SECTION 7.09   Replacement of Trustee.

 

A resignation or removal
of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s acceptance
of appointment as provided in this Section 7.09.

 

The Trustee may resign
and be discharged from the trust hereby created with respect to the Securities by so notifying the Company in writing. The Holders
of a majority in aggregate principal amount of the then outstanding Securities may remove the Trustee by so notifying the Trustee
and the Company in writing. The Company must remove the Trustee if:

 

(a)           the
Trustee fails to comply with Section 7.10 hereof or Section 310 of the TIA;

 

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

 

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

 

(d)           the
Trustee becomes incapable of acting.

 

If the Trustee resigns
or is removed or if a vacancy exists in the office of the Trustee for any reason, the Company shall promptly appoint a successor
Trustee for the Securities. The Trustee shall be entitled to payment of its fees and reimbursement of its expenses while acting
as Trustee. Within one (1) year after the successor Trustee takes office, the Holders of at least a majority in aggregate principal
amount of then outstanding Securities may appoint a successor Trustee to replace the successor Trustee appointed by the Company.

 

Any Holder of Securities
may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee if the
Trustee fails to comply with Section 7.10 hereof.

 

    	 	27	 

     

    

 

 

If an instrument of
acceptance by a successor Trustee shall not have been delivered to the Trustee within thirty (30) days after the giving of
such notice of resignation or removal, the resigning or removed Trustee, as the case may be, may petition, at the expense of the
Company, any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities.

 

A successor Trustee
shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon the resignation or
removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties
of the Trustee under this Indenture. The Company shall mail a notice of the successor Trustee’s succession to the Holders.
The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided
for in Section 7.08 hereof. Notwithstanding replacement of the Trustee pursuant to this Section 7.09, the Company’s
obligations under Section 7.08 hereof shall continue for the benefit of the retiring Trustee with respect to expenses, losses
and liabilities incurred by it prior to such replacement.

 

SECTION 7.10   Successor Trustee
by Merger, Etc.

 

Subject to Section 7.09
hereof, if the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust
business to, another corporation or national banking association, the successor entity without any further act shall be the successor
Trustee.

 

If at the time a successor
by merger, conversion or consolidation to the Trustee succeeds to the trusts created by this Indenture any of the Securities have
been authenticated but not delivered, the successor to the Trustee may adopt the certificate of authentication of the predecessor
Trustee, and deliver the Securities which were authenticated by the predecessor Trustee; and if at that time any of the Securities
have not been authenticated, the successor to the Trustee may authenticate those Securities either in the name of the predecessor
or in its own name as the successor to the Trustee; and in either case the certificates of authentication will have the full force
provided in this Indenture for certificates of authentication.

 

SECTION 7.11   Eligibility; Disqualification.

 

The Trustee shall at
all times satisfy the requirements of Section 310(a)(1), (2) and (5) of the TIA. The Trustee shall at all times
have a combined capital and surplus of at least $50 million as set forth in its most recent published annual report of condition,
which will be deemed for this paragraph to be its combined capital and surplus. The Trustee is subject to Section 310(b) of the
TIA, including the optional provision permitted by the second sentence of Section 310(b)(9) of the TIA.

 

SECTION 7.12   Preferential Collection
of Claims Against the Company.

 

The Trustee is subject
to Section 311(a) of the TIA, excluding any creditor relationship listed in Section 311(b) of the TIA. A Trustee who has resigned
or been removed shall be subject to Section 311(a) of the TIA to the extent indicated therein.

 

ARTICLE VIII

 

DISCHARGE OF INDENTURE

 

SECTION 8.01   Satisfaction and
Discharge of Indenture.

 

This Indenture shall
cease to be of further effect (except as to any surviving rights of registration of transfer or exchange of Securities herein expressly
provided for), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and
discharge of this Indenture, when:

 

    	 	28	 

     

    

 

 

(a)           either:

 

(i)           all
Securities previously authenticated and delivered (other than Securities which have been destroyed, lost or stolen and which have
been replaced or paid) have been delivered to the Trustee for cancellation; or

 

(ii)           all
such Securities not previously delivered to the Trustee for cancellation have become due and payable (whether at stated maturity,
early redemption or otherwise);

 

and, in the case of clause (b) above,
the Company has deposited, or caused to be deposited, irrevocably with the Trustee as trust funds in trust for the purpose of making
the following payments, specifically pledged as security for and dedicated solely to the benefit of the Holders of Securities,
cash in U.S. dollars and/or U.S. Government Obligations which through the payment of interest and principal in respect thereof,
in accordance with their terms, will provide (and without reinvestment and assuming no tax liability will be imposed on such Trustee),
not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally
recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay
principal of and interest on all the Securities on the dates such payments of principal or interest are due to maturity or redemption;

 

(b)           the
Company has paid or caused to be paid all other sums payable hereunder by the Company with respect to the Securities; and

 

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

 

Notwithstanding the
satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.08 hereof shall
survive, and, if money will have been deposited with the Trustee pursuant to subclause (b) of clause (i) of this Section,
the obligations of the Trustee under Sections 8.02 and 8.05 hereof shall survive.

 

SECTION 8.02   Application of Trust
Funds; Indemnification.

 

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

 

(b)           The
Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against U.S. Government
Obligations deposited pursuant to Sections 8.01, 8.03 or 8.04 hereof or the interest and principal received in respect of
such obligations other than any payable by or on behalf of Holders.

 

(c)           The
Trustee shall deliver or pay to the Company from time to time upon the request of the Company any U.S. Government Obligations or
money held by it as provided in Sections 8.01, 8.03 or 8.04 hereof which, in the opinion of a nationally recognized firm of
independent certified public accountants expressed in a written certification thereof delivered to the Trustee, are then in excess
of the amount thereof which then would have been required to be deposited for the purpose for which such U.S. Government Obligations
or money were deposited or received. This provision shall not authorize the sale by the Trustee of any U.S. Government Obligations
held under this Indenture.

 

    	 	29	 

     

    

 

 

SECTION 8.03   Legal Defeasance.

 

The Company shall be
deemed to have been discharged from its obligations with respect to all of the outstanding Securities of any series on the 91st
day after the date of the deposit referred to in subparagraph (a) hereof, and the provisions of this Indenture, as it relates
to such series of outstanding Securities, shall no longer be in effect (and the Trustee, at the expense of the Company, shall,
upon the request of the Company, execute proper instruments acknowledging the same), except as to:

 

(a)           the
rights of Holders of Securities of such series to receive, solely from the trust funds described in subparagraph (a) hereof,
payments of the principal of or interest on the outstanding Securities of such series on the date such payments are due;

 

(b)           the
Company’s obligations with respect to the Securities of such series under Sections 2.04, 2.05, 2.07, 2.08 and 2.09 hereof;
and

 

(c)           the
rights, powers, trust and immunities of the Trustee hereunder and the duties of the Trustee under Section 8.02 hereof and
the duty of the Trustee to authenticate Securities of such series issued on registration of transfer of exchange;

 

provided that the following conditions
shall have been satisfied:

 

(i)           the
Company shall have deposited, or caused to be deposited, irrevocably with the Trustee as trust funds in trust for the purpose of
making the following payments, specifically pledged as security for and dedicated solely to the benefit of the Holders of such
series of Securities, cash in U.S. dollars and/or U.S. Government Obligations which through the payment of interest and principal
in respect thereof, in accordance with their terms, will provide (and without reinvestment and assuming no tax liability will be
imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in
the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered
to the Trustee, to pay principal of and interest on all the Securities of such series on the dates such payments of principal or
interest are due to maturity or redemption;

 

(ii)           such
deposit will not result in a breach or violation of, or constitute a Default under, this Indenture;

 

(iii)           no
Default or Event of Default with respect to such series of Securities shall have occurred and be continuing on the date of such
deposit and 91 days shall have passed after the deposit has been made, and, during such 91 day period, no Default specified
in Section 6.01(iv) or (v) hereof with respect to the Company occurs which is continuing at the end of such period;

 

(iv)           the
Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel to the effect 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
execution of this Indenture, there has been a change in the applicable federal income tax law, in either case to the effect that,
and based thereon such Opinion of Counsel shall confirm that, the Holders of such series of Securities will not recognize income,
gain or loss for federal income tax purposes as a result of such deposit, defeasance and discharge and will be subject to federal
income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit, defeasance
and discharge had not occurred;

 

    	 	30	 

     

    

 

 

(v)           the
Company shall have delivered to the Trustee an Officers’ Certificate stating that the deposit was not made by the Company
with the intent of preferring the Holders of such series of Securities over any other creditors of the Company or with the intent
of defeating, hindering, delaying or defrauding any other creditors of the Company;

 

(vi)           such
deposit shall not result in the trust arising from such deposit constituting an “investment company” (as defined in
the Investment Company Act of 1940, as amended), or such trust shall be qualified under such Act or exempt from regulation thereunder;
and

 

(vii)           the
Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent relating to the defeasance contemplated by this Section 8.03 have been complied with.

 

SECTION 8.04   Covenant Defeasance.

 

On and after the 91st
day after the date of the deposit referred to in subparagraph (a) hereof, the Company may omit to comply with any term, provision
or condition set forth under Sections 4.03(a), 4.04 and 4.05 hereof as well as any additional covenants contained in a supplemental
indenture hereto (and the failure to comply with any such provisions shall not constitute a Default or Event of Default under Section 6.01
hereof) and the occurrence of any event described in clause (iii) of Section 6.01 hereof shall not constitute a Default
or Event of Default hereunder, with respect to any series of Securities, provided that the following conditions shall have
been satisfied:

 

(a)           with
reference to this Section 8.04, the Company has deposited, or caused to be deposited, irrevocably (except as provided in Section 8.05
hereof) with the Trustee as trust funds in trust, specifically pledged as security for, and dedicated solely to, the benefit of
the Holders of such series of Securities, cash in U.S. dollars and/or U.S. Government Obligations which through the payment of
principal and interest in respect thereof, in accordance with their terms, will provide (and without reinvestment and assuming
no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount
in cash, sufficient, in the opinion of a nationally recognized firm of independent certified public accountants expressed in a
written certification thereof delivered to the Trustee, to pay principal and interest on all the Securities of such series on the
dates such payments of principal and interest are due to maturity or redemption;

 

(b)           such
deposit will not result in a breach or violation of, or constitute a Default under, this Indenture;

 

(c)           no
Default or Event of Default with respect to such series of Securities shall have occurred and be continuing on the date of such
deposit and 91 days shall have passed after the deposit has been made, and, during such 91 day period, no Default specified
in Section 6.01(iv) or (v) hereof with respect to the Company occurs which is continuing at the end of such period;

 

(d)           the
Company shall have delivered to the Trustee an Opinion of Counsel confirming that Holders of such series of Securities will not
recognize income, gain or loss for federal income tax purposes as a result of such deposit and 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 deposit and
defeasance had not occurred;

 

(e)           the
Company shall have delivered to the Trustee an Officers’ Certificate stating the deposit was not made by the Company with
the intent of preferring the Holders of such series of Securities over any other creditors of the Company or with the intent of
defeating, hindering, delaying or defrauding any other creditors of the Company;

 

    	 	31	 

     

    

 

 

(f)           such
deposit shall not result in the trust arising from such deposit constituting an “investment company” (as defined in
the Investment Company Act of 1940, as amended), or such trust shall be qualified under such Act or exempt from regulation thereunder;
and

 

(g)           the
Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the defeasance contemplated by this Section 8.04 have been complied with.

 

SECTION 8.05   Repayment to Company.

 

The Trustee and the
Paying Agent shall pay to the Company upon request any money held by them for the payment of principal or interest that remains
unclaimed for two (2) years after the date upon which such payment shall have become due. After payment to the Company, Holders
entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law designates
another Person.

 

SECTION 8.06   Reinstatement.

 

If the Trustee or the
Paying Agent is unable to apply any money deposited with respect to Securities of any series in accordance with Section 8.01
by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining
or otherwise prohibiting such application, the obligations of the Company under this Indenture with respect to the Securities of
such series and under the Securities of such series shall be revived and reinstated as though no deposit had occurred pursuant
to Section 8.01 until such time as the Trustee or the Paying Agent is permitted to apply all such money in accordance with
Section 8.01; provided , however , that if the Company has made any payment of principal of, premium, if any,
or interest with respect to any Securities because of the reinstatement of its obligations, the Company shall be subrogated to
the rights of the Holders of such Securities to receive such payment from the money held by the Trustee or the Paying Agent.

 

ARTICLE IX

 

AMENDMENTS, SUPPLEMENTS AND WAIVERS

 

SECTION 9.01   Without Consent of
Holders.

 

Without the consent
of any Holder, the Company and the Trustee may, at any time, amend this Indenture and the Securities to:

 

(a)           cure
any ambiguity, defect or inconsistency, provided that such change does not adversely affect the rights hereunder of any Holder
in any material respect;

 

(b)           provide
for uncertificated Securities in addition to or in place of certificated Securities or to alter the provisions of Article II
hereof (including the related definitions) in a manner that does not materially adversely affect any Holder;

 

(c)           provide
for the assumption of the Company’s obligations to the Holders of Securities in the case of a merger, consolidation or sale
or other disposition of assets pursuant to Article V hereof;

 

(d)           comply
with requirements of the SEC in order to effect or maintain the qualification of this Indenture under the TIA, provided that such
change does not adversely affect the rights hereunder of any Holder in any material respect;

 

    	 	32	 

     

    

 

 

(e)           add
to the covenants of the Company and any other restrictions, conditions or provisions for the benefit of the Holders, to make the
occurrence, or the occurrence and the continuance, of a Default under any such additional covenants, restrictions, conditions or
provisions an Event of Default under this Indenture, or to surrender any right or power herein conferred upon the Company;

 

(f)           add
to, delete from or revise the conditions, limitations, and restrictions on the authorized amount, terms, or purposes of issue,
or authentication and delivery of Securities, provided that such change does not adversely affect the rights hereunder of any Holder
in any material respect;

 

(g)           secure
the Securities of any series;

 

(h)           make
appropriate provision in connection with the appointment of any successor Trustee; or

 

(i)           make
any other change that does not adversely affect in any material respect the rights hereunder of any Holder.

 

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 hereof, the Trustee shall join with
the Company 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, but the Trustee shall not be obligated
to enter into such amended or supplemental Indenture that affects its own rights, duties or immunities under this Indenture or
otherwise.

 

SECTION 9.02   With Consent of Holders.

 

Except as provided
below in this Section 9.02, this Indenture, the Securities may be amended or supplemented, and noncompliance in any particular
instance with any provision of this Indenture or the Securities may be waived, in each case with the written consent of the Holders
of at least a majority in aggregate principal amount of the then outstanding Securities affected thereby; provided, however
, that any amendment to or supplement of this Indenture or the Securities that by its terms affects the rights of Holders of any
series of then outstanding Securities but not the others series may be effected, and any default or compliance with any provision
of this Indenture affecting the Holders of any series of then outstanding Securities but not the other series may be waived, with
the consent of at least a majority in aggregate principal amount of the Securities of the affected series.

 

Without the consent
of each Holder of Securities that is affected thereby, an amendment or waiver under this Section 9.02 may not:

 

(a)           reduce
the aggregate principal amount of Securities of any series the Holders of which must consent to an amendment, supplement modification
or waiver of any provision of this Indenture;

 

(b)           reduce
the rate of or extend the time for payment of interest on any series of Securities;

 

(c)           reduce
the principal of or change the stated maturity of any series of Securities;

 

(d)           change
the date on which any Security of any of series may be subject to redemption, or reduce the premium payable upon the redemption
or repurchase thereof;

 

(e)           make
any Security of any series payable in currency other than that stated in the Security; 

 

    	 	33	 

     

    

 

(f)           modify
or change any provision of this Indenture affecting the ranking of the Securities of any series in a manner which adversely affects
the Holders thereof;

 

(g)           modify
or make any change in Article XII which adversely affects the rights of any Holder;

 

(h)           impair
the right of any Holder of Securities to institute suit for the enforcement of any payment in or with respect to any such series
of Securities; or

 

(i)           make
any change in the foregoing amendment and waiver provisions which require each Holder’s consent.

 

It shall not be necessary
for the consent of the Holders under this Section 9.02 to approve the particular form of any proposed amendment or waiver,
but it shall be sufficient if such consent approves the substance thereof.

 

After an amendment
or waiver under this Section 9.02 becomes effective, the Company shall mail to Holders affected thereby a notice briefly describing
the amendment or waiver. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way
impair or affect the validity of any such amended or supplemental indenture or waiver.

 

SECTION 9.03   Compliance with Trust
Indenture Act.

 

Every amendment to
this Indenture or the Securities shall be set forth in a supplemental indenture that complies with the TIA as then in effect.

 

SECTION 9.04   Revocation and Effect
of Consents.

 

Until an amendment,
supplement modification or waiver becomes effective, a consent to it by a Holder 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; provided, however, that unless a record date shall have been
established pursuant to Section 2.16 hereof, any such Holder or subsequent Holder may revoke the consent as to its Security
or portion of a Security if the Trustee receives written notice of revocation before the date the amendment, supplement, modification
or waiver becomes effective. An amendment, supplement modification or waiver becomes effective on receipt by the Trustee of consents
from the Holders of the requisite percentage principal amount of the outstanding Securities, and thereafter shall bind every Holder
of Securities; provided, however, if the amendment, supplement modification or waiver makes a change described in any of
the clauses (i) through (viii) of Section 9.02 hereof, the amendment, supplement, modification or waiver shall bind
only each Holder of a Security which has consented to it and every subsequent Holder of a Security or portion of a Security that
evidences the same indebtedness as the consenting Holder’s Security.

 

SECTION 9.05   Notation on or Exchange
of Securities.

 

If an amendment, supplement,
modification or waiver changes the terms of a Security:

 

(a)           the
Trustee may require the Holder of a Security to deliver such Security to the Trustee, the Trustee may place an appropriate notation
on the Security about the changed terms and return it to the Holder and the Trustee may place an appropriate notation on any Security
thereafter authenticated; or

 

    	 	34	 

     

    

 

 

(b)           if
the Company or the Trustee so determines, the Company in exchange for the Security shall issue and the Trustee shall authenticate
a new Security that reflects the changed terms.

 

Failure to make the
appropriate notation or issue a new Security shall not affect the validity and effect of such amendment, supplement or waiver.

 

SECTION 9.06   Trustee to Sign Amendment,
etc.

 

The Trustee shall sign
any amendment authorized pursuant to this Article IX if the amendment does not adversely affect the rights, duties, liabilities
or immunities of the Trustee. If it does, the Trustee may but need not sign it. In signing or refusing to sign such amendment,
the Trustee shall be provided with and shall be fully protected in relying upon an Officers’ Certificate and an Opinion of
Counsel as conclusive evidence that such amendment is authorized or permitted by this Indenture.

 

ARTICLE X

 

CONVERSION OR EXCHANGE OF SECURITIES

 

SECTION 10.01   Provisions Relating
to Conversion or Exchange of Securities.

 

Any rights which Holders
of Securities of a series will have to convert those Securities into other securities of the Company or to exchange those Securities
for securities of other Persons or other assets, including but not limited to the terms of the conversion or exchange and the circumstances,
if any, under which those terms will be adjusted to prevent dilution or otherwise, will be set forth in an Indenture supplemental
hereto relating to the series of Securities. In the absence of provisions in a supplemental Indenture relating to a series of Securities
setting forth rights to convert or exchange the Securities of that series into or for other securities or assets, Holders of the
Securities of that series will not have any such rights.

 

ARTICLE XI

 

SINKING OR PURCHASE FUNDS

 

SECTION 11.01   Provisions Relating
to Sinking or Purchase Funds.

 

Any requirements that
the Company make, or rights of the Company to make at its option, payments prior to maturity of the Securities of a series which
will be used as a fund with which to redeem or to purchase Securities of that series, including but not limited to provisions regarding
the amount of the payments, when the Company will be required, or will have the option, to make the payments and when the payments
will be applied, will be set forth in an Indenture supplemental hereto relating to the series of Securities. In the absence of
provisions in a supplemental Indenture relating to a series of Securities setting forth requirements that the Company make, or
rights of the Company to make at its option, payments to be used as a fund with which to redeem or purchase Securities of the series,
the Company will not be subject to any such requirements and will not have any such rights. However, unless otherwise specifically
provided in a supplemental Indenture relating to a series of Securities, the Company will at all times have the right to purchase
Securities from Holders in market transactions or otherwise.

 

ARTICLE XII

 

SUBORDINATION

 

SECTION 12.01   Securities Subordinated
to Senior Indebtedness.

 

Notwithstanding the
provisions of Sections 6.02 and 6.03 hereof, the Company covenants and agrees, and the Trustee and each Holder of the Securities
by his acceptance thereof likewise covenants and agrees, that all payments of the principal of, premium, if any, and interest on
Securities issued hereunder shall be subordinated, to the extent set forth in an indenture supplemental hereto relating to the
Securities of that series and in accordance with the provisions of this Article XII, to the prior payment in full of all Obligations
with respect to Senior Indebtedness, whether outstanding at the date of this Indenture or thereafter incurred.

 

    	 	35	 

     

    

 

 

SECTION 12.02   Priority and Payment
Over of Proceeds in Certain Events.

 

(a)           Upon
any payment or distribution of assets or securities of the Company, as the case may be, of any kind or character, whether in cash,
property or securities, upon any dissolution or winding up or total or partial liquidation or reorganization of the Company, whether
voluntary or involuntary or in bankruptcy, insolvency, receivership or other proceedings, all Obligations with respect to Senior
Indebtedness shall first be indefeasibly paid in full in cash, or payment provided for in cash or cash equivalents, before the
Holders or the Trustee on behalf of the Holders shall be entitled to receive any payment of principal of or interest on the Securities
or distribution of any assets or securities. Before any payment may be made by the Company of the principal of or interest on the
Securities pursuant to the provisions of the previous sentence, and upon any such dissolution or winding up or liquidation or reorganization,
any payment or distribution of assets or securities of the Company of any kind or character, whether in cash, property or securities,
to which the Holders or the Trustee on their behalf would be entitled, except for the provisions of this Article XII, shall
be made by the Company or by any receiver, trustee in bankruptcy, liquidating trustee, agent or other person making such payment
or distribution, directly to the holders of the Senior Indebtedness or their representatives to the extent necessary to pay all
such Senior Indebtedness in full after giving effect to any concurrent payment or distribution to the holders of such Senior Indebtedness.

 

Nothing contained in
this Article XII shall limit the right of the Trustee or the Holders of Securities to take any action to accelerate the maturity
of the Securities pursuant to Section 6.02 or to pursue any rights or remedies hereunder; provided that all Obligations with
respect to Senior Indebtedness then or thereafter due or declared to be due shall first be paid in full before the Holders or the
Trustee are entitled to receive any payment from the Company of principal of or interest on the Securities.

 

Upon any payment or
distribution of assets or securities referred to in this Article XII, the Trustee and the Holders shall be entitled to rely
upon any order or decree of a court of competent jurisdiction in which such dissolution, winding up, liquidation or reorganization
proceedings are pending and upon a certificate of the receiver, trustee in bankruptcy, liquidating trustee, agent or other person
making any such payment or distribution, delivered to the Trustee for the purpose of ascertaining the persons entitled to participate
in such distribution, the holders of Senior Indebtedness and other Indebtedness of the Company, the amount thereof or payable thereon,
the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article XII.

 

SECTION 12.03   Payments May Be
Paid Prior to Dissolution.

 

Nothing contained in
this Article XII or elsewhere in this Indenture shall prevent the Company, except under the conditions described in Section 12.02,
from making payments at any time for the purpose of making such payments of principal of and interest on the Securities, or from
depositing with the Trustee any moneys for such payments. The Company shall give prompt written notice to the Trustee of any dissolution,
winding up, liquidation or reorganization of the Company.

 

SECTION 12.04   Rights of Holders
of Senior Indebtedness Not to Be Impaired.

 

No right of any present
or future holder of any Senior Indebtedness to enforce subordination as herein provided shall at any time in any way be prejudiced
or impaired by any act or failure to act in good faith by any such holder, or by any noncompliance by the Company, with the terms
and provisions and covenants herein regardless of any knowledge thereof any such holder may have or otherwise be charged with.

 

    	 	36	 

     

    

 

 

The provisions of this
Article XII are intended to be for the benefit of, and shall be enforceable directly by, the holders of the Senior Indebtedness.

 

SECTION 12.05   Authorization to
Trustee to Take Action to Effectuate Subordination.

 

Each Holder of Securities
by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate
to effectuate, as between the holders of Senior Indebtedness and the Holders, the subordination as provided in this Article XII
and appoints the Trustee his attorney-in-fact for any and all such purposes.

 

Distribution or Notice
to Representative.

 

Whenever a distribution
is to be made or a notice given to holders or owners of Senior Indebtedness, the distribution may be made and the notice given
to their representative.

 

SECTION 12.06   Subrogation.

 

Upon the payment in
full of all Obligations in respect of Senior Indebtedness, the Holders shall be subrogated to the rights of the holders of such
Senior Indebtedness to receive payments or distributions of assets of the Company to the holders of Senior Indebtedness until the
principal of, premium, if any, and interest on the Securities shall be paid in full. For purposes of such subrogation, no payments
or distributions to the holders of the Senior Indebtedness of any cash, property or securities to which the Holders would be entitled
except for the provisions of this Article XII, and no payment over pursuant to the provisions of this Article XII to
the holders of Senior Indebtedness by the Holders, shall, as among the Company, its creditors other than the holders of Senior
Indebtedness and the Holders, be deemed to be a payment or distribution by the Company to or on account of Senior Indebtedness.

 

The provisions of this
Article XII are and are intended solely for the purpose of defining the relative rights of the Holders, on the one hand, and
the holders of Senior Indebtedness, on the other hand.

 

If any payment or distribution
to which the Holders would otherwise have been entitled but for the provisions of this Article XII shall have been applied,
pursuant to the provisions of this Article XII, to the payment of all amounts payable under Senior Indebtedness, then and
in such case, the Holders shall be entitled to receive from the holders of such Senior Indebtedness at the time outstanding any
payments or distributions received by such holders of Senior Indebtedness in excess of the amount sufficient to pay all Obligations
in respect of Senior Indebtedness in full.

 

SECTION 12.07   Obligations of Company
Unconditional.

 

Nothing contained in
this Article XII or elsewhere in this Indenture or in any Security is intended to or shall impair, as between the Company
and the Holders, the obligations of the Company, which are absolute and unconditional, to pay to the Holders the principal of,
premium, if any, and interest on the Securities as and when the same shall become due and payable in accordance with their terms
or is intended to nor shall affect the relative rights of the Holders and creditors of the Company other than the holders of Senior
Indebtedness, nor shall anything herein or therein prevent the Trustee or any Holder from exercising all remedies otherwise permitted
by applicable law upon Default under this Indenture, subject to the rights, if any, under this Article XII of the holders
of such Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy.

 

    	 	37	 

     

    

 

 

The failure to make
a payment on account of principal of, premium, if any, or interest on the Securities by reason of any provision of this Article XII
shall not be construed as preventing the occurrence of an Event of Default under Section 6.01.

 

SECTION 12.08   Trustee Entitled
to Assume Payments Not Prohibited in Absence of Notice.

 

The Company shall give
prompt written notice to the Trustee of any fact known to the Company which would prohibit the making of any payment to or by the
Trustee in respect of the Securities. Neither the Trustee nor the Paying Agent shall at any time be charged with the knowledge
of the existence of any facts which would prohibit the making of any payment to or by the Trustee or the Paying Agent, unless and
until the Trustee or Paying Agent shall have received written notice thereof from the Company or one or more holders of Senior
Indebtedness or from any representative therefor; and, prior to the receipt of any such written notice, the Trustee or Paying Agent
shall be entitled to assume conclusively that no such facts exist. Unless at least two (2) Business Days prior to the date on which
by the terms of this Indenture any moneys are to be deposited by the Company with the Trustee or any Paying Agent (whether or not
in trust) for any purpose (including, without limitation, the payment of the principal of or the interest on any Security), the
Trustee or Paying Agent shall have received with respect to such moneys the notice provided for in the preceding sentence, the
Trustee or Paying Agent shall have full power and authority to receive such moneys and to apply the same to the purpose for which
they were received and shall not be affected by any notice to the contrary which may be received by it on or after such date. Nothing
contained in this Section 12.09 or Section 12.03 shall limit the right of the holders of Senior Indebtedness to recover
payments as contemplated by Section 12.02. The Trustee shall be entitled to rely on the delivery to it of a written notice
by a person representing himself or itself to be a holder of such Senior Indebtedness (or a trustee on behalf of, or representative
of, such holder) to establish that such notice has been given by a holder of such Senior Indebtedness or a trustee or representative
on behalf of any such holder. In the event that the Trustee determines in good faith that further evidence is required with respect
to the right of any person as a holder of Senior Indebtedness to participate in any payment or distribution pursuant to this Article XII,
the Trustee may request such person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior
Indebtedness held by such person, the extent to which such person is entitled to participate in such payment or distribution and
any other facts pertinent to the rights of such person under this Article XII, and if such evidence is not furnished, the
Trustee may defer any payment which it may be required to make for the benefit of such person pursuant to the terms of this Indenture
pending judicial determination as to the rights of such person to receive such payment.

 

The Trustee shall not
be deemed to owe any duty to the holders of Senior Indebtedness and shall not be liable to any such holders if the Trustee shall
in good faith mistakenly pay over or distribute to Holders of Securities or to the Company or to any other person cash, property
or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article XII or otherwise. With respect
to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants or obligations
as are specifically set forth in this Article XII and no implied covenants or obligations with respect to holders of Senior
Indebtedness shall be read into this Indenture against the Trustee.

 

SECTION 12.09   Right of Trustee
to Hold Senior Indebtedness.

 

The Trustee and any
Agent shall be entitled to all of the rights set forth in this Article XII in respect of any Senior Indebtedness at any time
held by it to the same extent as any other holder of such Senior Indebtedness, and nothing in this Indenture shall be construed
to deprive the Trustee or any Agent of any of its rights as such holder. Nothing in this Article XII shall apply to claims
of, or payments to, the Trustee under or pursuant to Section 7.07.

 

    	 	38	 

     

    

 

 

ARTICLE XIII

 

MISCELLANEOUS

 

SECTION 13.01   Trust Indenture
Act Controls.

 

This Indenture is subject
to the provisions of the TIA which are required to be part of this Indenture, and shall, to the extent applicable, be governed
by such provisions.

 

SECTION 13.02   Notices.

 

Any notice or communication
to the Company or the Trustee is duly given if in writing and delivered in person or mailed by first-class mail to the address
set forth below:

 

If to the Company:

 

	 
	 
	 
	Attention:	 

 

with a copy to:

 

	 
	 
	 
	Attention:	 

 

If to the Trustee:

 

	 
	 
	 
	Attention:	 

 

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

 

Any notice or communication
to a Holder shall be mailed by first-class mail to his address shown on the Register kept by the Registrar. Failure to mail a notice
or communication to a Holder or any defect in such notice or communication shall not affect its sufficiency with respect to other
Holders.

 

If a notice or communication
is mailed or sent in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives
it, except that notice to the Trustee shall only be effective upon receipt thereof by the Trustee.

 

If by reason of the
suspension of regular mail service, or by reason of any other cause, it is impossible to mail any notice as required by this Indenture
or any supplemental indenture, then any method of notification which is approved by the Trustee will constitute a sufficient mailing
of the notice.

 

    	 	39	 

     

    

 

 

If the Company mails
a notice or communication to Holders, it shall mail a copy to the Trustee and each Agent at the same time.

 

SECTION 13.03   Communication by
Holders with Other Holders.

 

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

 

SECTION 13.04   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
Officers’ Certificate (which shall include the statements set forth in Section 13.05 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 complied with;

 

(b)           an
Opinion of Counsel (which shall include the statements set forth in Section 13.05 hereof) stating that, in the opinion of such
counsel, all such conditions precedent and covenants have been complied with; and

 

(c)           such
other opinions and certificates as may be required by applicable provisions of this Indenture or an applicable supplemental indenture.

 

SECTION 13.05   Statements Required
in Certificate or Opinion.

 

Each certificate (other
than certificates provided pursuant to Section 4.04 hereof) or opinion with respect to compliance with a condition or covenant
provided for in this Indenture shall include:

 

(a)           a
statement that each individual signing 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 each such person, he or she has made such examination or investigation as is necessary to enable
him to express an informed opinion as to whether or not such covenant or condition has been complied with; and

 

(d)           a
statement as to whether or not, in the opinion of each such person, such condition or covenant has been complied with; provided,
however, that with respect to matters of fact, an Opinion of Counsel may rely on an Officers’ Certificate or certificate
of public officials.

 

SECTION 13.06   Rules by Trustee
and Agents.

 

The Trustee may make
reasonable rules for action by or for a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable
requirements for its functions.

 

    	 	40	 

     

    

 

 

SECTION 13.07   Legal Holidays.

 

A “Legal
Holiday ” is a Saturday, a Sunday or a day on which banking institutions in The City of New York are not required
or authorized to be open. If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the
next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period.

 

SECTION 13.08   Duplicate Originals.

 

The parties may sign
any number of copies of this Indenture. One signed copy is enough to prove this Indenture.

 

SECTION 13.09   Governing Law.

 

This Indenture,
each supplemental indenture and the Securities shall be governed by, and construed in accordance with, the laws of the State of
New York.

 

SECTION 13.10   No Adverse Interpretation
of Other Agreements.

 

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

 

SECTION 13.11   Successors.

 

All agreements of the
Company under the Securities and this Indenture shall bind their respective successors. All agreements of the Trustee in this Indenture
shall bind its successor.

 

SECTION 13.12   Severability.

 

In the event any provision
in the Securities or in this Indenture is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby.

 

SECTION 13.13   Counterpart Originals.

 

This Indenture may
be signed in one or more counterparts. Each signed copy shall be an original, but all of them together represent the same agreement.

 

SECTION 13.14   Submission to Jurisdiction.

 

By the execution and
delivery of this Indenture, the Company submits to the nonexclusive jurisdiction of any federal or state court in the State of
New York with respect to all matters related to this Indenture, any supplemental indenture and the Securities.

 

SECTION 13.15   Waiver of Jury Trial.

 

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

 

    	 	41	 

     

    

 

 

SECTION 13.16   Force Majeure.

 

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

 

SECTION 13.17   Supplemental Indentures
Contract..

 

If any provision of
a supplemental indenture to this Indenture relating to a series of Securities is inconsistent with any provision of this Indenture,
the provisions of the supplemental indenture will control with regard to the Securities of the series to which it relates.

 

SECTION 13.18   Table of Contents,
Headings, etc.

 

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

 

SECTION 13.19   When Treasury Securities
Disregarded.

 

In determining whether
the Holders of the required principal amount of Securities have concurred in any direction, waiver or consent, Securities owned
by the Company, or anyone under direct or indirect control or under direct or indirect common control with the Company will be
disregarded and deemed not to be 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 which the Trustee knows are so owned will be so disregarded.
Securities so owned which have been pledged in good faith will not be disregarded if the pledgee establishes to the satisfaction
of the Trustee the pledgee's right to act with respect to the Securities and that the pledgee is not the Company or a person directly
or indirectly controlling or controlled by, or under common control with, the Company. Nothing in this Section 13.19 will be construed
as requiring that the Company furnish to the Trustee any evidence of compliance with the conditions and covenants provided for
in the Indenture other than the evidence specified in this Section 13.19.

 

 

    	 	42	 

     

    

 

 

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

 

	 	PRECIPIO, INC.
	 	 	 	 
	 	By:	 
	 	Name:
	 	Title:
	 	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	Name:
	 	Title:

 

 

 

 

    	 	43EX-4.5

 Exhibit 4.5 

SENIOR INDENTURE 
 DATED AS OF
_____, 20__ 
 BETWEEN 
 CAPITAL
SENIOR LIVING CORPORATION 
 as Issuer, 

AND 
  

 
 as Trustee 

 
  

Providing for Issuance of 
 Debt
Securities 
 in Series 
  

 

  
 - 1 - 

 TABLE OF CONTENTS 

 

					
	 RECITALS
	  	 	1	 
		
	 ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	 	1	 
		
	 Section 1.01. Definitions
	  	 	1	 
	 Section 1.02. Compliance Certificates and Opinions
	  	 	7	 
	 Section 1.03. Form of Documents Delivered to Trustee
	  	 	7	 
	 Section 1.04. Acts of Holders; Record Dates
	  	 	8	 
	 Section 1.05. Notices, Etc., to Trustee and Company
	  	 	10	 
	 Section 1.06. Notice to Holders; Waiver
	  	 	10	 
	 Section 1.07. Conflict with Trust Indenture Act
	  	 	11	 
	 Section 1.08. Effect of Headings and Table of Contents
	  	 	11	 
	 Section 1.09. Successors and Assigns
	  	 	11	 
	 Section 1.10. Separability Clause
	  	 	11	 
	 Section 1.11. Benefits of Indenture
	  	 	11	 
	 Section 1.12. Governing Law
	  	 	11	 
	 Section 1.13. Legal Holidays
	  	 	11	 
	 Section 1.14. Incorporators, Shareholders, Directors, Officers and Employees of the Company
Exempt from Individual Liability
	  	 	12	 
		
	 ARTICLE II SECURITY FORM
	  	 	12	 
		
	 Section 2.01. Forms Generally
	  	 	12	 
	 Section 2.02. Form of Face of Security
	  	 	12	 
	 Section 2.03. Form of Reverse of Security
	  	 	15	 
	 Section 2.04. Form of Legend for Global Securities
	  	 	19	 
	 Section 2.05. Form of Trustee’s Certificate of Authentication
	  	 	20	 
		
	 ARTICLE III THE SECURITIES
	  	 	20	 
		
	 Section 3.01. Amount Unlimited; Issuable in Series
	  	 	20	 
	 Section 3.02. Denominations
	  	 	24	 
	 Section 3.03. Execution, Authentication, Delivery and Dating
	  	 	24	 
	 Section 3.04. Temporary Securities
	  	 	25	 
	 Section 3.05. Registration; Registration of Transfer and Exchange
	  	 	26	 
	 Section 3.06. Mutilated, Destroyed, Lost and Stolen Securities
	  	 	28	 
	 Section 3.07. Payment of Interest; Interest Rights Preserved
	  	 	28	 
	 Section 3.08. Persons Deemed Owners
	  	 	30	 
	 Section 3.09. Cancellation
	  	 	30	 
	 Section 3.10. Computation of Interest
	  	 	30	 
	 Section 3.11. CUSIP Numbers
	  	 	30	 
		
	 ARTICLE IV SATISFACTION AND DISCHARGE
	  	 	31	 
		
	 Section 4.01. Satisfaction and Discharge of Indenture
	  	 	31	 
	 Section 4.02. Application of Trust Money
	  	 	32	 

  
 i 

					
	 ARTICLE V REMEDIES
	  	 	32	 
		
	 Section 5.01. Events of Default
	  	 	32	 
	 Section 5.02. Acceleration of Maturity; Rescission and Annulment
	  	 	33	 
	 Section 5.03. Collection of Indebtedness and Suits for Enforcement by Trustee
	  	 	34	 
	 Section 5.04. Trustee May File Proofs of Claim
	  	 	35	 
	 Section 5.05. Trustee May Enforce Claims Without Possession of Securities
	  	 	35	 
	 Section 5.06. Application of Money Collected
	  	 	35	 
	 Section 5.07. Limitation on Suits
	  	 	36	 
	 Section 5.08. Unconditional Right of Holders to Receive Principal Premium and
Interest
	  	 	36	 
	 Section 5.09. Restoration of Rights and Remedies
	  	 	37	 
	 Section 5.10. Rights and Remedies Cumulative
	  	 	37	 
	 Section 5.11. Delay or Omission Not Waiver
	  	 	37	 
	 Section 5.12. Control by Holders
	  	 	37	 
	 Section 5.13. Waiver of Past Defaults
	  	 	38	 
	 Section 5.14. Undertaking for Costs
	  	 	38	 
	 Section 5.15. Waiver of Usury, Stay or Extension Laws
	  	 	38	 
		
	 ARTICLE VI THE TRUSTEE
	  	 	38	 
		
	 Section 6.01. Certain Duties and Responsibilities
	  	 	38	 
	 Section 6.02. Notice of Defaults
	  	 	39	 
	 Section 6.03. Certain Rights of Trustee
	  	 	40	 
	 Section 6.04. Not Responsible for Recitals or Issuance of Securities
	  	 	41	 
	 Section 6.05. May Hold Securities
	  	 	41	 
	 Section 6.06. Money Held in Trust
	  	 	41	 
	 Section 6.07. Compensation and Reimbursement
	  	 	41	 
	 Section 6.08. Conflicting Interests
	  	 	42	 
	 Section 6.09. Corporate Trustee Required, Eligibility
	  	 	42	 
	 Section 6.10. Resignation and Removal, Appointment of Successor
	  	 	42	 
	 Section 6.11. Acceptance of Appointment by Successor
	  	 	44	 
	 Section 6.12. Merger, Conversion, Consolidation or Succession to Business
	  	 	45	 
	 Section 6.13. Preferential Collection of Claims Against Company
	  	 	45	 
	 Section 6.14. Appointment of Authenticating Agent
	  	 	45	 
		
	 ARTICLE VII HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	  	 	46	 
		
	 Section 7.01. Company to Furnish Trustee Names and Addresses of Holders
	  	 	46	 
	 Section 7.02. Preservation of Information; Communications to Holders
	  	 	47	 
	 Section 7.03. Reports by Trustee
	  	 	47	 
	 Section 7.04. Reports by Company
	  	 	47	 
		
	 ARTICLE VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
	  	 	48	 
		
	 Section 8.01. Company May Consolidate, Etc., Only on Certain Terms
	  	 	48	 
	 Section 8.02. Successor Substituted
	  	 	48	 

  
 ii 

					
	 ARTICLE IX SUPPLEMENTAL INDENTURES
	  	 	49	 
		
	 Section 9.01. Supplemental Indentures Without Consent of Holders
	  	 	49	 
	 Section 9.02. Supplemental Indentures with Consent of Holders
	  	 	50	 
	 Section 9.03. Execution of Supplemental Indentures
	  	 	51	 
	 Section 9.04. Effect of Supplemental Indentures
	  	 	51	 
	 Section 9.05. Conformity with Trust Indenture Act
	  	 	51	 
	 Section 9.06. Reference in Securities to Supplemental Indentures
	  	 	52	 
		
	 ARTICLE X COVENANTS
	  	 	52	 
		
	 Section 10.01. Payment of Principal, Premium and Interest
	  	 	52	 
	 Section 10.02. Maintenance of Office or Agency
	  	 	52	 
	 Section 10.03. Money for Securities Payments to Be Held in Trust
	  	 	52	 
	 Section 10.04. Statement by Officers as to Default
	  	 	53	 
	 Section 10.05. Existence
	  	 	54	 
	 Section 10.06. Waiver of Certain Covenants
	  	 	54	 
		
	 ARTICLE XI REDEMPTION OF SECURITIES
	  	 	54	 
		
	 Section 11.01. Applicability of Article
	  	 	54	 
	 Section 11.02. Election to Redeem; Notice to Trustee
	  	 	54	 
	 Section 11.03. Selection by Trustee of Securities to Be Redeemed
	  	 	55	 
	 Section 11.04. Notice of Redemption
	  	 	55	 
	 Section 11.05. Deposit of Redemption Price
	  	 	56	 
	 Section 11.06. Securities Payable on Redemption Date
	  	 	56	 
	 Section 11.07. Securities Redeemed in Part
	  	 	56	 
		
	 ARTICLE XII SINKING FUNDS
	  	 	56	 
		
	 Section 12.01. Applicability of Article
	  	 	56	 
	 Section 12.02. Satisfaction of Sinking Fund Payments with Securities
	  	 	57	 
	 Section 12.03. Redemption of Securities for Sinking Fund
	  	 	57	 
		
	 ARTICLE XIII DEFEASANCE AND COVENANT DEFEASANCE
	  	 	57	 
		
	 Section 13.01. Company’s Option to Effect Defeasance or Covenant
Defeasance
	  	 	57	 
	 Section 13.02. Defeasance and Discharge
	  	 	58	 
	 Section 13.03. Covenant Defeasance
	  	 	58	 
	 Section 13.04. Conditions to Defeasance or Covenant Defeasance
	  	 	58	 
	 Section 13.05. Deposited Money and U.S. Government obligations to Be Held in Trust;
Miscellaneous Provisions
	  	 	60	 
	 Section 13.06. Reinstatement
	  	 	61	 

  

	Note:	 This table of contents shall not, for any purpose, be deemed to be a part of the Indenture.

  
 iii 

 CAPITAL SENIOR LIVING CORPORATION 

Certain Sections of this Indenture relating to Sections 310 - 318, inclusive, 

of the Trust Indenture Act of 1939, as amended 
  

					
	 Trust Indenture Act

Section
	  	Indenture
Section	 
	 310(a)(1)
	  	 	6.09	 
	 (a)(2)
	  	 	6.09	 
	 (a)(3)
	  	 	N.A.	 
	 (a)(4)
	  	 	N.A.	 
	 (a)(5)
	  	 	6.09	 
	 (b)
	  	 	6.08,6.10	 
	 (c)
	  	 	N.A.	 
	 311(a)
	  	 	6.13	 
	 (b)
	  	 	6.13	 
	 (c)
	  	 	N.A.	 
	 312(a)
	  	 	7.01, 7.02	 
	 (b)
	  	 	7.02	 
	 (c)
	  	 	7.02	 
	 313(a)
	  	 	7.03	 
	 (b)(1)
	  	 	N.A.	 
	 (b)(2)
	  	 	7.03	 
	 (c)
	  	 	7.03	 
	 (d)
	  	 	7.03	 
	 314(a)
	  	 	7.04	 
	 (a)(4)
	  	 	1.04, 10.04	 
	 (b)
	  	 	N.A.	 
	 (c)(1)
	  	 	1.02	 
	 (c)(2)
	  	 	1.02	 
	 (c)(3)
	  	 	N.A.	 
	 (d)
	  	 	N.A.	 
	 (e)
	  	 	1.02	 
	 (f)
	  	 	N.A.	 
	 315(a)
	  	 	6.01	 
	 (b)
	  	 	6.02	 
	 (c)
	  	 	6.01	 
	 (d)
	  	 	6.01	 
	 (e)
	  	 	5.14	 
	 316(a)(last sentence)
	  	 	1.01	 
	 (a)(1)(A)
	  	 	5.02, 5.12	 
	 (a)(1)(B)
	  	 	5.13	 
	 (a)(2)
	  	 	N.A.	 
	 (b)
	  	 	5.08	 
	 (c)
	  	 	1.04	 
	 317(a)(1)
	  	 	5.03	 
	 (a)(2)
	  	 	5.04	 
	 (b)
	  	 	10.03	 
	 318(a)
	  	 	1.07	 
	 (b)
	  	 	N.A.	 
	 (c)
	  	 	1.07	 

  

	*	 N.A. means inapplicable. 

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

 

  
 iv 

 SENIOR INDENTURE 

THIS SENIOR INDENTURE, dated as of ______, 20__, between Capital Senior Living Corporation, a corporation duly organized and existing under
the laws of the State of Delaware (herein called the “Company”), having its principal office at 14160 Dallas Parkway, Suite 300, Dallas, Texas 75254, and __________________, a ____________________, as trustee (herein called the
“Trustee”). 
 RECITALS 

The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of the
Company’s senior debentures, notes or other evidences of indebtedness (herein called the “Securities”), to be issued in one or more series as provided in this Indenture. 

All things necessary to make this Indenture a valid agreement of the Company in accordance with its terms, have been done. 

NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is mutually agreed, for the equal and
proportionate benefit of all Holders of the Securities or of any series thereof, as follows: 
 ARTICLE I DEFINITIONS AND OTHER PROVISIONS
OF GENERAL APPLICATION 
 Section 1.01. Definitions. 

For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 

(a) the terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular; 

(b) all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings
assigned to them therein; 
 (c) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with
generally accepted accounting principles in the United States of America (including, if applicable, International Financial Reporting Standards) as in effect from time to time; 

(d) unless the context otherwise requires, any reference to an “Article” or a “Section” refers to an Article or a Section,
as the case may be, of this Indenture; 

  
 1 

 (e) the words “herein”, “hereof” and “hereunder” and other
words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; and 
 (f)
“or” is not exclusive, and “including” means “including without limitation”, “including but not limited to” or words of similar import. 

“Act”, when used with respect to any Holder, has the meaning specified in Section 1.04. 

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

“Applicable Procedures” of a Depositary means, with respect to any matter at any time, the policies and procedures of such
Depositary, if any, that are applicable to such matter at such time. 
 “Authenticating Agent” means any Person authorized by the
Trustee pursuant to Section 6.14 to act on behalf of the Trustee to authenticate Securities of one or more series. 
 “Board of
Directors” means either the board of directors of the Company or any duly authorized committee of that board. 
 “Board
Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification and delivered
to the Trustee. 
 “Business Day”, when used with respect to any Place of Payment or other location, means, except as otherwise
provided or contemplated by Section 3.01 with respect to any series of Securities, each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in either (a) that Place of Payment or (b) other
location are authorized or obligated by law or executive order or regulation to close. 
 “Commission” means the Securities and
Exchange Commission, from time to time constituted, created under the Exchange Act, or, if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act,
then the body performing such duties at such time. 
 “Company” means the Person named as the “Company” in the first
paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person. 

“Company Request” or “Company Order” means a written request or order signed in the name of the Company by its Chairman of
the Board, its Vice Chairman of the Board, its President or a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary of the Company, or any other officer or officers of the Company designated in writing
by or pursuant to authority of the Board of Directors, and delivered to the Trustee. 

  
 2 

 “Corporate Trust Office” means the principal office of the Trustee in
__________(currently at ________________________) at which at any particular time its corporate trust business shall be administered. 

“corporation” means a corporation, association, limited liability company, company, joint-stock company or business trust. 

“Covenant Defeasance” has the meaning specified in Section 13.03. 

“Defaulted Interest” has the meaning specified in Section 3.07. 

“Defeasance” has the meaning specified in Section 13.02. 

“Depositary” means, with respect to Securities of any series issuable in whole or in part in the form of one or more Global
Securities, a clearing agency that is designated to act as Depositary for such Securities as contemplated by Section 3.01. 

“Event of Default” has the meaning specified in Section 5.01. 

“Exchange Act” means the Securities Exchange Act of 1934 and any statute successor thereto, in each case as amended from time to
time. 
 “Expiration Date” has the meaning specified in Section 1.04. 

“Global Security” means a Security that evidences all or part of the Securities of any series and bears the legend set forth in
Section 2.04 (or such legend as may be specified as contemplated by Section 3.01 for such Securities). 
 “Holder” means
a Person in whose name a Security is registered in the Security Register. 
 “Indenture” means this instrument as originally
executed and as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument and any such supplemental
indenture, the provisions of the Trust Indenture Act that are deemed to be a part of and govern this instrument and any such supplemental indenture, respectively. The term “Indenture” shall also include the terms of particular series of
Securities established as contemplated by Section 3.01. 
 “interest”, when used with respect to an Original Issue Discount
Security which by its terms bears interest only after Maturity, means interest payable after Maturity. 
 “Interest Payment Date”,
when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security. 
 “Investment
Company Act” means the Investment Company Act of 1940 and any statute successor thereto, in each case as amended from time to time. 

“mandatory sinking fund payment” has the meaning specified in Section 12.01. 

  
 3 

 “Maturity”, when used with respect to any Security, means the date on which the
principal of such Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 

“Notice of Default” means a written notice of the kind specified in Section 5.01(d). 

“Officer’s Certificate” means a certificate signed by the Chairman of the Board, a Vice Chairman of the Board, the President or
a Vice President, and by the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary of the Company or any other officer or officers of the Company designated in writing by or pursuant to authority of the Board of Directors and
delivered to the Trustee. The Officer’s Certificate given pursuant to Section 10.04 shall be signed by the principal executive, financial or accounting officer of the Company. 

“Opinion of Counsel” means a written opinion of counsel, who may be an employee of, or outside counsel to, but does not have to be
counsel for, the Company, and who shall be acceptable to the Trustee, which acceptance shall not be unreasonably withheld. 
 “optional
sinking fund payment” has the meaning specified in Section 12.01. 
 “Original Issue Discount Security” means any
Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.02. 

“Outstanding”, when used with respect to Securities, means, as of the date of determination, all Securities theretofore
authenticated and delivered under this Indenture, except: 
 (1) Securities theretofore cancelled and delivered to the Trustee or delivered
to the Trustee for cancellation; 
 (2) Securities for whose payment or redemption money in the necessary amount has been theretofore
deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Securities; provided that, if such
Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor has been made; 

(3) Securities, except to the extent provided in Sections 13.02 and 13.03 respectively, as to which the Company has effected Defeasance
pursuant to Section 13.02 or Covenant Defeasance pursuant to Section 13.03; and 
 (4) Securities which have been paid pursuant to
Section 3.06 or in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof
satisfactory to it that such Securities are held by a bona fide purchaser in whose hands such Securities are valid obligations of the Company; 

  
 4 

 provided, however, that in determining whether the Holders of the requisite principal amount of the
Outstanding Securities have given, made or taken any request, demand, authorization, direction, notice, consent, waiver or other action hereunder as of any date, (A) the principal amount of an Original Issue Discount Security which shall be
deemed to be Outstanding shall be the amount of the principal thereof which would be due and payable as of such date upon acceleration of the Maturity thereof to such date pursuant to Section 5.02, (B) if, as of such date, the principal amount
payable at the Stated Maturity of a Security is not determinable, the principal amount of such Security which shall be deemed to be Outstanding shall be the amount as specified or determined as contemplated by Section 3.01, (C) the principal
amount of a Security denominated in one or more foreign currencies or currency units which shall be deemed to be Outstanding shall be the U.S. dollar equivalent, determined as of such date in the manner provided as contemplated by Section 3.01,
of the principal amount of such Security (or, in the case of a Security described in Clause (A) or (B) above, of the amount determined as provided in such Clause), and (D) Securities owned by the Company or any other obligor upon the
Securities or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization,
direction, notice, consent, waiver or other action, only Securities which the Trustee knows to be so owned shall be so disregarded. The Trustee shall be protected in relying on an Officer’s Certificate or other evidence satisfactory to it in
determining ownership. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that
the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor. 

“Paying Agent” means any Person authorized by the Company to pay the principal of or any premium or interest on any Securities on
behalf of the Company. 
 “Person” means any individual, corporation, company (including a limited liability company),
partnership, joint venture, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “Place
of Payment”, when used with respect to the Securities of any series, means the place or places where the principal of and any premium and interest on the Securities of that series are payable as specified or contemplated by Section 3.01.

 “Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same debt as
that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.06 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to
evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
 “Redemption Date”, when used with respect to any
Security to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture. 
 “Redemption Price”, when
used with respect to any Security to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture. 
 “Regular
Record Date” for the interest payable on any Interest Payment Date on the Securities of any series means the date specified for that purpose as contemplated by Section 3.01. 

  
 5 

 “Responsible Officer”, when used with respect to the Trustee, means the chairman
or any vice-chairman of the board of directors, the chairman or any vice-chairman of the executive committee of the board of directors, the chairman of the trust committee, the president, any Vice President, the secretary, any assistant secretary,
the treasurer, any assistant treasurer, the cashier, any assistant cashier, any trust officer or assistant trust officer, the controller or any assistant controller 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 knowledge of and familiarity with the particular subject
and who shall have direct responsibility for the administration of this Indenture. 
 “Securities” has the meaning stated in the
first recital of this Indenture and more particularly means any Securities authenticated and delivered under this Indenture. 

“Securities Act” means the Securities Act of 1933 and any statute successor thereto, in each case as amended from time to time. 

“Security Register” and “Security Registrar” have the respective meanings specified in Section 3.05. 

“Special Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 3.07.

 “Stated Maturity”, when used with respect to any Security or any installment of principal thereof or interest thereon, means
the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable. 

“Subsidiary” means any Person a majority of the combined voting power of the total outstanding ownership interests in which is, at
the time of determination, beneficially owned or held, directly or indirectly, by the Company or one or more other Subsidiaries. For this purpose, “voting power” means power to vote in an ordinary election of directors (or, in the case of
a Person that is not a corporation, ordinarily to appoint or approve the appointment of Persons holding similar positions), whether at all times or only as long as no senior class of ownership interests has such voting power by reason of any
contingency. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of which this instrument
was executed, except as otherwise provided in Section 9.05; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment,
the Trust Indenture Act of 1939 as so amended. 
 “Trustee” means the Person named as the “Trustee” in the first
paragraph of this instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder, and if at
any time there is more than one such Person, “Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect to Securities of that series. 

“U.S. Government Obligation” has the meaning specified in Section 13.04. 

  
 6 

 “Vice President”, when used with respect to the Company or the Trustee, means any
vice president, whether or not designated by a number or a word or words added before or after the title “vice president”. 

Section 1.02. Compliance Certificates and Opinions. 

Upon any application or request by the Company to the Trustee to take or refrain from taking any action under any provision of this Indenture,
the Company shall furnish to the Trustee such certificates and opinions as may be required under the Trust Indenture Act; provided, however, that no opinion shall be required in connection with the issuance of Securities that are part of any series
as to which such an opinion has been furnished. Each such certificate and opinion shall be given in the form of an Officer’s Certificate, if to be given by an officer of the Company and an Opinion of Counsel, if to be given by counsel, and
shall comply with the requirements of the Trust Indenture Act and any other requirements set forth in this Indenture. 
 Every certificate
or opinion with respect to compliance with a condition or covenant provided for in this Indenture (except for certificates provided in Section 10.04) shall include, 

(a) a statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein
relating thereto; 
 (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 each such individual, he has made
such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 

Section 1.03. Form of Documents Delivered to Trustee. 

In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that
all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other
such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 
 Any
certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know,
that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are erroneous. Any such certificate or opinion of counsel may be based, insofar as it relates to factual matters, upon a
certificate or opinion of, or representations by, an officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the Company, unless such counsel knows, or in the exercise of
reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 

  
 7 

 Where any Person is required to make, give or execute two or more applications, requests,
consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 

Section 1.04. Acts of Holders; Record Dates. 

Any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given,
made or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing; and, except as herein otherwise expressly provided, such
action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the action embodied therein and evidenced thereby) are
herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and
(subject to Section 6.01) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. 

Without limiting the generality of the foregoing, a Holder, including a Depositary that is a Holder of a Global Security, may make, give or
take, by a proxy or proxies, duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, given or taken by Holders, and a Depositary that is a Holder of a
Global Security may provide its proxy or proxies to the beneficial owners of interests in any such Global Security. 
 The fact and date of
the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that
the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient
proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 

The ownership, principal amount and serial numbers of Securities held by any Person, and the date of commencement of such Person’s
holding the same, shall be proved by the Security Register. 
 Any request, demand, authorization, direction, notice, consent, waiver or
other Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done,
omitted or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 

The Company may set any day as a record date for the purpose of determining the Holders of Outstanding Securities of any series entitled to
give, make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken by Holders of Securities of such series, but the Company shall have no
obligation to do so; provided that the Company may not set a record date 

  
 8 

 
for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice, declaration, request or direction referred to in the next paragraph. If any record
date is set pursuant to this paragraph, the Holders of Outstanding Securities of the relevant series on such record date, and no other Holders, shall be entitled to take the relevant action, whether or not such Holders remain Holders after such
record date; provided that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of such series on such record date. Nothing in
this paragraph shall be construed to prevent the Company from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with
no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Securities of the relevant series on the date
such action is taken. Promptly after any record date is set pursuant to this paragraph, the Company, at its own expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the
Trustee in writing and to each Holder of Securities of the relevant series in the manner set forth in Section 1.06. 
 The Trustee may
set any day as a record date for the purpose of determining the Holders of Outstanding Securities of any series entitled to join in the giving or making of (i) any Notice of Default, (ii) any declaration of acceleration referred to in
Section 5.02, (iii) any request to institute proceedings referred to in Section 5.07(b) or (iv) any direction referred to in Section 5.12, in each case with respect to Securities of such series. If any record date is set pursuant
to this paragraph, the Holders of Outstanding Securities of such series on such record date, and no other Holders, shall be entitled to join in such notice, declaration, request or direction, whether or not such Holders remain Holders after such
record date; provided that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of such series on such record date. Nothing in
this paragraph shall be construed to prevent the Trustee from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with
no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Securities of the relevant series on the date
such action is taken. Promptly after any record date is set pursuant to this paragraph, the Trustee, at the Company’s expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given
to the Company in writing and to each Holder of Securities of the relevant series in the manner set forth in Section 1.06. 
 With
respect to any record date set pursuant to this Section, the party hereto which sets such record date may designate any day as the “Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided
that no such change shall be effective unless notice of the proposed new Expiration Date is given to the other party hereto in writing, and to each Holder of Securities of the relevant series in the manner set forth in Section 1.06, on or prior
to the then existing Expiration Date. If an Expiration Date is not designated with respect to any record date set pursuant to this Section, the party hereto which set such record date shall be deemed to have initially designated the 180th day
following such record date as the Expiration Date with respect thereto, subject to its right to change the Expiration Date as provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day following
the applicable record date. 

  
 9 

 Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder
with regard to any particular Security may do so with regard to all or any part of the principal amount of such Security or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of
such principal amount. 
 Section 1.05. Notices, Etc., to Trustee and Company. 

Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this
Indenture to be made upon, given or furnished to, or filed with, 
 (1) the Trustee by any Holder or by the Company shall be sufficient for
every purpose hereunder if made, given, furnished or filed in writing (which may be by facsimile or electronic transmission) to or with the Trustee at its Corporate Trust Office, Attention: _________________, or 

(2) the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if
in writing and mailed, first-class postage prepaid, to the Company addressed to it at the address of the Company’s principal office specified in the first paragraph of this instrument or at any other address previously furnished in writing to
the Trustee by the Company. 
 Section 1.06. Notice to Holders; Waiver. 

Where this Indenture provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly
provided) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at its address as it appears in the Security Register, not later than the latest date (if any), and not earlier than the earliest date (if any),
prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice
with respect to other Holders. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of
such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

In case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice by
mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 

  
 10 

 Section 1.07. Conflict with Trust Indenture Act. 

This Indenture is subject to the provisions of the Trust Indenture Act that are required to be a part of this Indenture and, to the extent
applicable, shall be governed by such provisions. If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act or with another provision hereof which is required under the Trust Indenture Act to be a part of and
govern this Indenture, the latter provision shall control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act which may be so modified or excluded, the latter provision shall be deemed to apply to this
Indenture as so modified or excluded, as the case may be. 
 Section 1.08. Effect of Headings and Table of Contents. 

The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 

Section 1.09. Successors and Assigns. 

All covenants and agreements in this Indenture by the Company shall bind its successors and assigns, whether so expressed or not. 

Section 1.10. Separability Clause. 

In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 1.11. Benefits of
Indenture. 
 Nothing in this Indenture or in the Securities, express or implied, shall give to any Person, other than the parties hereto
and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture, except as may otherwise be expressly provided pursuant to Section 3.01 with respect to any specific Securities.

 Section 1.12. Governing Law. 

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

Section 1.13. Legal Holidays. 

In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Security shall not be a Business Day at any Place of
Payment or other location, then (notwithstanding any other provision of this Indenture or of the Securities (other than a provision of any Security which specifically states that such provision shall apply in lieu of this Section)) payment of
interest or principal (and premium, if any) need not be made at such Place of Payment or other location on such date, but may be made on the next succeeding Business Day at such Place of Payment or other location with the same force and effect as if
made on the Interest Payment Date or Redemption Date, or at the Stated Maturity. 

  
 11 

 Section 1.14. Incorporators, Shareholders, Directors, Officers and Employees of the
Company Exempt from Individual Liability. 
 No recourse under or upon any obligation, covenant or agreement contained in this Indenture,
or in any Security, or because of any indebtedness evidenced thereby, shall be had against any incorporator, as such, or against any past, present or future shareholder, director, officer or employee, as such, of the Company or of any successor,
either directly or through the Company or any successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly
waived and released by the acceptance of the Securities by the Holders thereof and as part of the consideration for the issue of the Securities. 

ARTICLE II SECURITY FORM 

Section 2.01. Forms Generally. 

The Securities of each series and the Trustee’s certificate of authentication shall be in substantially the forms set forth in this
Article, or in such other form as shall be established by or pursuant to a Board Resolution and, subject to Section 3.03, to the extent established pursuant to rather than set forth in a Board Resolution, in an Officer’s Certificate or
Company Order setting forth, or determining the manner of, such establishment, or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or
permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with applicable laws or the rules of any securities exchange or automated
quotation system on which the Securities of such series may be listed or traded or of any Depositary therefor or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution thereof. If the
form of Securities of any series is established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee
at or prior to the delivery of the Company Order contemplated by Section 3.03 for the authentication and delivery of such Securities. 

The definitive Securities shall be printed, lithographed or engraved on steel engraved borders 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. 
 Section 2.02. Form of
Face of Security. 
 [Insert any legend required by the United States Internal Revenue Code and the regulations thereunder.] 

[If a Global Security,—insert legend required by Section 2.04 of the Indenture] [If applicable, insert—UNLESS THIS SECURITY IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST 

  
 12 

 
COMPANY (AND ANY PAYMENT 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 IN AS MUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 

Capital Senior Living Corporation 
  

			
	No_________	  	$_______

 Capital Senior Living Corporation, a corporation duly organized and existing under the laws of the State of
Delaware (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
                
                 , or registered assigns, the principal sum of United States Dollars [state other currency] on
                 [if the Security is to bear interest prior to Maturity, insert –, and to pay interest thereon from
                 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semiannually on
                 and
                 in each year, commencing
                , and at the Maturity thereof, at the rate of
                 % per annum, until the principal hereof is paid or made available for payment [if applicable insert —, provided
that any premium, and any such installment of interest, which is overdue shall bear interest at the rate of                  % per
annum (to the extent that the payment of such interest shall be legally enforceable), from the dates such amounts are due until they are paid or made available for payment, and any such interest on any overdue installment shall be payable on
demand.] [If applicable, insert — In the event that any date on which interest is payable on this Security is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business
Day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on the date the payment was originally payable.] The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date will as provided in such 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 the Regular Record Date for such interest, which shall be
the                  or
                 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so
punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of
business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any
time in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Securities of this series may be listed or traded, and upon such notice as may be required by such exchange
or automated quotation system, all as more fully provided in such Indenture]. 
 [If the Security is not to bear interest prior to Maturity,
insert – The principal of this Security shall not bear interest except in the case of a default in payment of principal upon acceleration, upon redemption or at Stated Maturity and in such case the overdue principal and any overdue premium
shall bear interest at the rate of                 % per annum (to the extent that the payment of such interest shall be legally
enforceable), from the dates such amounts are due until they are paid or made available for payment. Interest on any overdue principal or premium shall be payable on demand.] 

  
 13 

 [If a Global Security, insert — Payment of the principal of [(and premium, if any)] and
[if applicable, insert — any such] interest on this Security [may be made pursuant to the Applicable Procedures of the Depositary as permitted in such Indenture][will be made by transfer of immediately available funds to a bank account as
designated by the Holder in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts [state other currency]].] 

[If a definitive Security, insert —] Payment of the principal of (and premium, if any) and [if applicable, insert – any such]
interest on this Security will be made at the office or agency of the Company maintained for that purpose in                  [in such
coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts ] [state other currency] [or subject to any laws or regulations applicable thereto and to the right of the Company (as
provided in the Indenture) to rescind the designation of any such Paying Agent, at the [main] offices of ____ in ___ and ____ in ________, or at such other offices or agencies as the Company may designate, by [United States Dollar] [state other
currency] check drawn on, or transfer to a [United States Dollar] account maintained by the payee with, a bank in The City of New York [______] (so long as the applicable Paying Agent has received proper transfer instructions in writing at least
[______] days prior to the payment date)] [if applicable, insert –; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear
in the Security Register] [or by transfer to a [United States Dollar] [state other currency] account maintained by the payee with a bank in The City of New York [state other Place of Payment] (so long as the applicable Paying Agent has received
proper transfer instructions in writing by the Record Date prior to the applicable Interest Payment Date)].] 
 Reference is hereby made to
the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this
Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
 IN WITNESS WHEREOF, the
Company has caused this instrument to be duly executed. 
 Dated: 
  

	
	Capital Senior Living Corporation
	
	By:
	Name:
	Title:                                     
                                   

  
 14 

 Section 2.03. Form of Reverse of Security. 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under a Senior Indenture, dated as of                  (herein called the “Indenture”, which
term shall have the meaning assigned to it in such instrument), between the Company and                  , as Trustee (herein called
the “Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company,
the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof [if applicable, insert –, limited in
aggregate principal amount to $                  ]. 

[If applicable, insert – The Securities of this series are subject to redemption upon not less than 30 nor more than 60 days’ notice
by mail, [if applicable, insert (1) on                  in any year commencing with the year and ending with the year through
operation of the sinking fund for this series at a Redemption Price equal to 100% of the principal amount, and (2)] at any time [if applicable, insert – on or after
                 , 2_      ], as a whole or in part, at the election of the Company, at the following
Redemption Prices (expressed as percentages of the principal amount): If redeemed [if applicable, insert – on or before
                 ,      %, and if redeemed] during the 12-month
period beginning                  of the years indicated, 
  

							
	 Year
	 	 Redemption

Price
	 	 Year
	  	 Redemption

Price

 and thereafter at a
Redemption Price equal to                 % of the principal amount, together in the case of any such redemption [if applicable,
insert–(whether through operation of the sinking fund or otherwise)] with accrued interest to the Redemption Date, but interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such
Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture.] 

[If applicable, insert–The Securities of this series are subject to redemption upon not less than 30 nor more than 60 days’ notice
by mail, (1) on                  in any year commencing with the year
                 and ending with the year through operation of the sinking fund for this series at the Redemption Prices for redemption
through operation of the sinking fund (expressed as percentages of the principal amount) set forth in the table below, and (2) at any time [if applicable, insert – on or after
                 ], as a whole or in part, at the election of the Company, at the Redemption Prices for redemption otherwise than through
operation of the sinking fund (expressed as percentages of the principal amount) set forth in the table below: If redeemed during the 12 month period beginning
                 of the years indicated, 

  
 15 

					
	 Year
	 	 Redemption Price

For Redemption

Through Operation
 of
the
 Sinking Fund
	 	 Redemption Price For

Redemption Otherwise

Than Through Operation

of the Sinking Fund

 and
thereafter at a Redemption Price equal to                 % of the principal amount, together in the case of any such redemption
(whether through operation of the sinking fund or otherwise) with accrued interest to the Redemption Date, but interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities, or
one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture.] 

[If applicable, insert – Notwithstanding the foregoing, the Company may not, prior to
                , redeem any Securities of this series as contemplated by [if applicable, insert – Clause (2) of] the preceding
paragraph as a part of or in anticipation of, any refunding operation by the application, directly or indirectly, of moneys borrowed having an interest cost to the Company (calculated in accordance with generally accepted financial practice) of less
than                  % per annum.] 

[If applicable, insert – The sinking fund for this series provides for the redemption on
                 in each year beginning with the year
                 and ending with the year
                 of [if applicable, insert – not less than $
                 (“mandatory sinking fund”) and not more than] $
                 aggregate principal amount of Securities of this series. Securities of this series acquired or redeemed by the Company
otherwise than through [if applicable, insert mandatory] sinking fund payments may be credited against subsequent [if applicable, insert mandatory] sinking fund payments otherwise required to be made [if applicable, insert–, in the inverse
order in which they become due].] 
 [If the Security is subject to redemption of any kind, insert–In the event of redemption of this
Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.] 

[If applicable, insert – The Indenture contains provisions for defeasance at any time of [the entire indebtedness of this Security] [or]
[certain restrictive covenants and Events of Default with respect to this Security] [, in each case] upon compliance with certain conditions set forth in the Indenture.] 

[If applicable, insert – the Securities of this series are not redeemable prior to Stated Maturity.] 

[If the Security is not an Original Issue Discount Security, insert – If an Event of Default with respect to Securities of this series
shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture.] 

  
 16 

 [If the Security is an Original Issue Discount Security, insert – If an Event of
Default with respect to Securities of this series shall occur and be continuing, an amount of principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. Such amount shall
be equal to insert formula for determining the amount. Upon payment (i) of the amount of principal so declared due and payable and (ii) of interest on any overdue principal, premium and interest (in each case to the extent that the payment
of such interest shall be legally enforceable), all of the Company’s obligations in respect of the payment of the principal of and premium and interest, if any, on the Securities of this series shall terminate.] 

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 of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less than a majority in principal amount of the
Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of a majority in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of
all Securities of such series, 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 herefor or in lieu hereof, whether or not notation of such consent or waiver is
made upon this Security. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the
right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of
Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect
of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction
inconsistent with such request, and shall have failed to institute any such proceeding, for 90 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for
the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

If so provided pursuant to the terms of any specific Securities, the above-referenced provisions of the Indenture regarding the ability of
Holders to waive certain defaults, or to request the Trustee to institute proceedings (or to give the Trustee other directions) in respect thereof, may be applied differently with regard to such Securities. 

No reference herein to the Indenture and no provision of this Security or of the Indenture shall, without the consent of the Holder, alter or
impair the obligation of the Company which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

  
 17 

 [If a Global Security, insert — This Global Security or portion hereof may not be
exchanged for definitive Securities of this series except in the limited circumstances provided in the Indenture. 
 The holders of
beneficial interests in this Global Security will not be entitled to receive physical delivery of definitive Securities except as described in the Indenture and will not be considered the Holders thereof for any purpose under the Indenture.] 

[If a definitive Security, insert — As provided in the Indenture and subject to certain limitations therein set forth, the transfer of
this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are payable,
duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed, by the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new
Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees.] 

The Securities of this series are issuable only in registered form without coupons in denominations of [U.S.]
$                 [state other currency] and any integral multiple thereof. As provided in the Indenture and subject to certain limitations
therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested in writing by the Holder surrendering the same.

 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Security for
registration of transfer and notice to the Trustee thereof the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this
Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 [If this
Security is a Global Security, insert — This Security is a Global Security and is subject to the provisions of the Indenture relating to Global Securities, including the limitations in Section 3.05 thereof on transfers and exchanges of
Global Securities.] 
 All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the
Indenture. 
 THE INDENTURE AND THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
WITHOUT GIVING EFFECT TO PRINCIPLES OF CONFLICTS OF LAW. 

  
 18 

 [If a Definitive Security, insert as a separate page - 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ___________________ (Please Print or Typewrite Name and
Address of Assignee) the within instrument of CAPITAL SENIOR LIVING CORPORATION and does hereby irrevocably constitute and appoint __________________ Attorney to transfer said instrument on the books of the within-named Company, with full power of
substitution in the premises. 
 Please Insert Social Security or 

Other Identifying Number of Assignee: 
  

			
	__________________                                 
                __________________________
		
	Dated:______________________________	  	(Signature)
	
	_____________________                                 
                ________________________

  

	
	Signature Guarantee:
	                                      
                                         
                                         
                
	(Participant in a Recognized Signature Guaranty Medallion Program)

 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.] 
 Section 2.04. Form of Legend for
Global Securities. 
 Unless otherwise specified as contemplated by Section 3.01 for the Securities evidenced thereby, every Global
Security authenticated and delivered hereunder shall bear a legend in substantially the following form: 
 THIS SECURITY IS A GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS
SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION
OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 

If Securities of a series are issuable in whole or in part in the form of one or more Global Securities, as contemplated by Section 3.01,
then, notwithstanding Clause (i) of Section 3.01 and the provisions of Section 3.02, any Global Security shall represent such of the Outstanding Securities of such series as shall be specified therein and may provide that it shall
represent the aggregate amount of Outstanding Securities from time to time endorsed thereon and that the 

  
 19 

 
aggregate amount of Outstanding Securities represented thereby may from time to time be reduced or increased, as the case may be, to reflect exchanges. Any endorsement of a Global Security to
reflect the amount, or any reduction or increase in the amount, of Outstanding Securities represented thereby shall be made in such manner and upon instructions given by such Person or Persons as shall be specified therein or in a Company Order.
Subject to the provisions of Sections 3.03, 3.04 and 3.05, the Trustee shall deliver and redeliver any Global Security in the manner and upon instructions given by the Person or Persons specified therein or in the applicable Company Order. Any
instructions by the Company with respect to endorsement or delivery or redelivery of a Global Security shall be in a Company Order (which need not comply with Section 1.02 and need not be accompanied by an Opinion of Counsel). 

The provisions of the last sentence of Section 3.03 shall apply to any Security represented by a Global Security if such Security was
never issued and sold by the Company and the Company delivers to the Trustee the Global Security together with a Company Order (which need not comply with Section 1.02 and need not be accompanied by an Opinion of Counsel) with regard to the
reduction or increase, as the case may be, in the principal amount of Securities represented thereby, together with the written statement contemplated by the last sentence of Section 3.03. 

Section 2.05. Form of Trustee’s Certificate of Authentication. 

The Trustee’s certificates of authentication shall be in substantially the following form: 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

 

			
		
		 	[____________________,]
		 	As Trustee
		
		 	By: ______________________________________
		 	    Authorized Signatory

 ARTICLE III THE SECURITIES 

Section 3.01. Amount Unlimited; Issuable in Series. 

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

The Securities may be issued in one or more series. There shall be established in or pursuant to a Board Resolution and, subject to
Section 3.03, to the extent established pursuant to rather than set forth in a Board Resolution, in an Officer’s Certificate or Company Order setting forth, or determining the manner of, such establishment, or established in one or more
indentures supplemental hereto, prior to the issuance of Securities of any series, 

  
 20 

 (a) the form and title of the Securities of the series (which shall distinguish the
Securities of the series from Securities of any other series); 
 (b) any limit upon the aggregate principal amount of the Securities of the
series which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to
Section 3.04, 3.05, 3.06, 9.06 or 11.07 and except for any Securities which, pursuant to Section 3.03, are deemed never to have been authenticated and delivered hereunder); 

(c) the issue price or prices of originally issued Securities, expressed as a percentage of the principal amount, and the original issue date;

 (d) the Person to whom any interest on a Security of the series shall be payable, if other than the Person in whose name that Security (or
one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; 
 (e) the date or
dates on which the Securities will be issued and on which principal of, and premium, if any, on, any Securities of the series is payable or the method of determination thereof; 

(f) the rate or rates (which may be fixed or variable, or combination thereof) at which any Securities of the series shall bear interest, if
any, or the method of determination thereof, the date or dates from which any such interest shall accrue, or the method of determination thereof, the Interest Payment Dates on which any such interest shall be payable and the Regular Record Date for
any such interest payable on any Interest Payment Date; 
 (g) the place or places where, subject to the provisions of Section 10.02,
the principal of and any premium and interest on any Securities of the series shall be payable, Securities of the series may be surrendered for registration or transfer, Securities of the series may be surrendered for exchange, and notices and
demands to or upon the Company in respect of the Securities of the series and this Indenture may be served; 
 (h) the period or periods, if
any, within which, the price or prices at which and the terms and conditions upon which any Securities of the series may be redeemed, in whole or in part, at the option of the Company and, if other than by a Board Resolution, the manner in which any
election by the Company to redeem the Securities shall be evidenced; 
 (i) the obligation, if any, and the option, if any, of the Company to
redeem, purchase or repay any Securities of the series pursuant to any sinking fund or analogous provisions or upon the happening of a specified event or at the option of the Holder thereof and the period or periods within which, the price or prices
at which and the terms and conditions upon which any Securities of the series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation or option; 

(j) if other than denominations of $1,000 and any integral multiple thereof the denominations in which any Securities of the series shall be
issuable; 

  
 21 

 (k) if the debt Securities will be issued in registered or bearer form or both and, if in
bearer form, the related terms and conditions and any limitations on issuance of such bearer debt Securities (including exchange for registered debt Securities of the same series); 

(l) if the amount of principal of or any premium or interest on any Securities of the series may be determined with reference to an index
including an index based on a currency or currencies other than in which the Securities of that series are payable or pursuant to a formula, the manner in which such amounts shall be determined; 

(m) if other than the currency of the United States of America, the currency, currencies or currency units in which the principal of or any
premium or interest on any Securities of the series shall be denominated, payable, redeemable or purchasable and the manner of determining the equivalent thereof in the currency of the United States of America for any purpose, including for purposes
of the definition of “Outstanding” in Section 1.01; 
 (n) if the principal of or any premium or interest on any Securities of
the series is to be payable, redeemable or purchasable, at the election of the Company or the Holder thereof, in one or more currencies or currency units other than that or those in which such Securities are stated to be payable, redeemable, or
purchasable, the currency, currencies or currency units in which the principal of or any premium or interest on such Securities as to which such election is made shall be payable, redeemable or purchasable, the periods within which and the terms and
conditions upon which such election is to be made and the amount so payable, redeemable or purchasable (or the manner in which such amount shall be determined); 

(o) if other than the entire principal amount thereof, the portion of the principal amount of any Securities of the series which shall be
payable upon declaration of acceleration of the Maturity thereof pursuant to Section 5.02 or provable in bankruptcy pursuant to Section 5.04 or the method of determination thereof; 

(p) if the principal amount payable at the Stated Maturity of any Securities of the series will not be determinable as of any one or more dates
prior to the Stated Maturity, the amount which shall be deemed to be the principal amount of such Securities as of any such date for any purpose thereunder or hereunder, including the principal amount thereof which shall be due and payable upon any
Maturity other than the Stated Maturity or which shall be deemed to be Outstanding as of any date prior to the Stated Maturity (or, in any such case, the manner in which such amount deemed to be the principal amount shall be determined); 

(q) if applicable, that the Securities of the series, in whole or any specified part, shall be defeasible pursuant to Section 13.02 or
Section 13.03 or both such Sections or if other than as provided in Sections 13.02 or 13.03, the terms and conditions upon which and the manner in which such series of Securities may be defeased or discharged, and, if other than by a Board
Resolution, the manner in which any election by the Company to defease or discharge such Securities shall be evidenced; 
 (r) if applicable,
that any Securities of the series shall be issuable in whole or in part in the form of one or more Global Securities and, in such case, the respective Depositaries for such Global Securities, the form of any legend or legends which shall be borne by
any such Global Security in addition to or in lieu of that set forth in Section 2.04, information with respect to book-entry procedures, and any circumstances in addition to or in lieu of those set forth in Section 3.05 in which any such
Global Security may be exchanged in whole or in part for Securities registered, and any transfer of such Global Security in whole or in part may be registered, in the name or names of Persons other than the Depositary for such Global Security or a
nominee thereof; 

  
 22 

 (s) if the debt Security is issued as an original issue discount debt Security, and if so,
the yield to maturity; 
 (t) any deletion from, addition to or change in the Events of Default which applies to any Securities of the series
and any change in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 5.02; 

(u) any addition to or change in the covenants set forth in Article X which applies to Securities of the series or in any defined term used in
either Article X; 
 (v) the right, if any, of the Company to defer payments of interest by extending the interest payment periods and
specify the duration of such extension, the Interest Payment Dates on which such interest shall be payable and whether and under what circumstances additional interest on amounts deferred shall be payable; 

(w) if other than the Trustee, the identity of any other trustee, the Security Registrar and any Paying Agent; and 

(x) any other terms of the Securities of the series (which terms shall not be inconsistent with the provisions of this Indenture, except as
permitted by Section 9.01(e)). 
 All Securities of any one series shall be substantially identical except as to denomination and
except as may otherwise be provided in or pursuant to the Board Resolution referred to above and (subject to Section 3.03) set forth, or determined in the manner provided, in the Officer’s Certificate referred to above or in any such
indenture supplemental hereto. Accordingly, the terms of any Security of a series may differ from the terms of other Securities of the same series, if and to the extent provided pursuant to this Section 3.01. The matters referenced in any or
all of Clauses (a) through (x) above may be established and set forth or determined as aforesaid with respect to all or any specific Securities of a series (in each case to the extent permitted by the Trust Indenture Act). 

Any such Board Resolution or Officer’s Certificate referred to above with respect to Securities of any series filed with the Trustee on
or before the initial issuance of the Securities of such series shall be incorporated herein by reference with respect to Securities of such series and shall thereafter be deemed to be a part of the Indenture for all purposes relating to Securities
of such series as fully as if such Board Resolution or Officer’s Certificate were set forth herein in full. 
 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 increases in the aggregate principal amount of such series of Securities and issuances of additional
Securities of such series or for the establishment of additional terms with respect to the Securities of such series. 

  
 23 

 If any of the terms of the series are established by action taken pursuant to a Board
Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officer’s Certificate setting forth the
terms of the series. 
 Section 3.02. Denominations. 

The Securities of each series shall be issuable only in registered form without coupons and only in such denominations as shall be specified as
contemplated by Section 3.01. In the absence of any such specified denomination with respect to the Securities of any series, the Securities of such series shall be issuable in denominations of $1,000 and any integral multiple thereof. 

Section 3.03. Execution, Authentication, Delivery and Dating. 

The Securities shall be executed on behalf of the Company by its Chairman of the Board, its Vice Chairman of the Board, its President or one of
its Vice Presidents (or any other officer of the Company designated in writing by or pursuant to authority of the Board of Directors and delivered to the Trustee from time to time). The signature of any of these officers on the Securities may be
manual or facsimile. 
 The Securities bearing the manual or facsimile signatures of individuals who were at any time the proper officers of
the Company shall bind the Company notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such 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
executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order shall authenticate and deliver such Securities. If
the form or terms of the Securities of the series have been established by or pursuant to one or more Board Resolutions as permitted by Sections 2.01 and 3.01, in authenticating such Securities, and accepting the additional responsibilities under
this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to, Section 6.01) shall be fully protected in relying upon, an Opinion of Counsel stating, 

(a) if the form of such Securities has been established by or pursuant to Board Resolution as permitted by Section 2.01, that such form
has been established in conformity with the provisions of this Indenture; 
 (b) if the terms of such Securities have been established by or
pursuant to Board Resolution as permitted by Section 3.01, that such terms have been established in conformity with the provisions of this Indenture; and 

(c) that such Securities, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions
specified in such Opinion of Counsel will constitute valid and legally binding obligations of the Company enforceable against the Company in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization,
moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles or other customary exceptions. 

  
 24 

 If such form or terms have been so established, the Trustee shall not be required to
authenticate such Securities if the issue of such Securities pursuant to this Indenture in accordance with the Board Resolutions will affect the Trustee’s own rights, duties, obligations, responsibilities or immunities under the Securities and
this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 
 Notwithstanding the provisions of
Section 3.01 and of the preceding paragraph, if all Securities of a series are not to be originally issued at one time, it shall not be necessary, unless the Trustee reasonably determines otherwise, for the Company to deliver the Officer’s
Certificate otherwise required pursuant to Section 3.01 or the Company Order and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior to the authentication of each Security of such series if such documents are
delivered at or prior to the authentication upon original issuance of the first Security of such series to be issued. 
 Each Security shall
be dated the date of its authentication. 
 No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for
any purpose unless there appears on such Security a certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the
only evidence, that such Security has been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture. 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 3.09, 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 3.04. Temporary Securities. 

Pending the preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate
and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued and with
such appropriate insertions, omissions, substitutions and other variations as the officers executing such Securities may determine, as evidenced by their execution of such Securities. 

If temporary Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without
unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at
the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series, the Company shall execute and the Trustee shall
authenticate and deliver in exchange therefor one or more definitive Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount. Until so exchanged, the temporary Securities of any series shall in
all respects be entitled to the same benefits under this Indenture as definitive Securities of such series and tenor. 

  
 25 

 Section 3.05. Registration; Registration of Transfer and Exchange. 

The Company shall cause to be kept at the Corporate Trust Office or other designated office of the Trustee a register (the register maintained
in such office being herein sometimes collectively, referred to as the “Security 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 entitled to registration or transfer as provided herein. The Trustee is hereby appointed “Security Registrar” for the purpose of registering Securities and transfers of Securities as herein provided. The Company may at any
time replace such Security Registrar, change such office or agency or act as its own Security Registrar. The Company will give prompt written notice to the Trustee of any change of the Security Registrar or of the location of such office or agency.
At all reasonable times the Security Register shall be available for inspection by the Trustee. 
 Upon surrender for registration of
transfer of any Security of a series at the office or agency of the Company in a Place of Payment for that series, 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 the same series, of any authorized denominations and of like tenor and aggregate principal amount. 
 At the
option of the Holder, Securities of any series (except a Global Security) may be exchanged for other Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount, upon surrender of the Securities to
be exchanged at such office or agency. 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.

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

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

No service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 3.04, 9.06 or 11.07 not involving any transfer.

 If the Securities of any series (or of any series and specified tenor) are to be redeemed in part, neither the Company nor the Trustee
shall be required (A) to issue, register the transfer of or exchange any Securities of that series (or of that series and specified tenor, as the case may be) during a period beginning at the opening of business 15 days before the day of the
mailing of a notice of redemption of any such Securities selected for redemption under Section 11.03 and ending at the close of business on the day of such mailing, or (B) to register the transfer of or exchange any Security so selected
for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 

  
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 The provisions of Clauses (a), (b), (c) and (d) below shall apply only to Global
Securities: 
 (a) Each Global Security authenticated under this Indenture shall be registered in the name of the Depositary designated for
such Global Security or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefor, and each such Global Security shall constitute a single Security for all purposes of this Indenture. 

(b) Notwithstanding any other provision in this Indenture, and subject to such applicable provisions, if any, as may be specified as
contemplated by Section 3.01, no Global Security may be exchanged in whole or in part for Securities registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any Person other than the Depositary for
such Global Security or a nominee thereof unless (1) such Depositary has notified the Company that it is unwilling or unable to continue as Depositary for such Global Security or has ceased to be a clearing agency registered under the Exchange
Act, and a successor Depositary is not appointed by the Company within 90 days after the Company’s receipt of such notice, (2) there shall have occurred and be continuing an Event of Default with respect to such Global Security and the
Security Registrar has received a request from the Depositary to issue certificated securities in lieu of the Global Security, (3) the Company shall determine in its sole discretion that Securities of a series issued in global form shall no
longer be represented by a Global Security, or (4) there shall exist such circumstances, if any, in addition to or in lieu of the foregoing as have been specified for this purpose as contemplated by Section 3.01, then in any such case,
such Global Security may be exchanged by such Depositary for definitive Securities of the same series, of any authorized denomination and of a like aggregate principal amount and tenor, registered in the names of, and the transfer of such Global
Security or portion thereof may be registered to, such Persons as such Depositary shall direct. If the Company designates a successor Depositary pursuant to Clause (1) above, such Global Security shall promptly be exchanged in whole for one or
more other Global Securities registered in the name of the successor Depositary, whereupon such designated successor shall be the Depositary for such successor Global Security or Global Securities and the provisions of Clauses (a), (b), (c) and
(d) of this Section shall continue to apply thereto. 
 (c) Subject to Clause (b) above and to such applicable provisions, if any,
as may be specified as contemplated by Section 3.01, any exchange of a Global Security for other Securities may be made in whole or in part, and all Securities issued in exchange for a Global Security or any portion thereof shall be registered
in such names as the Depositary for such Global Security shall direct. 
 (d) Every Security authenticated and delivered upon registration of
transfer of, or in exchange for or in lieu of, a Global Security or any portion thereof, whether pursuant to this Section, Section 3.04, 3.06, 9.06 or 11.07 or otherwise, shall be authenticated and delivered in the form of, and shall be, a
Global Security, unless such Security is registered in the name of a Person other than the Depositary for such Global Security or a nominee thereof. 

  
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 Section 3.06. Mutilated, Destroyed, Lost and Stolen Securities. 

If any mutilated Security is surrendered to the Trustee, together with such security or indemnity as may be required by the Company or the
Trustee to save each of them and any agent of either of them harmless, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series and of like tenor and principal amount and bearing
a number not contemporaneously outstanding. 
 If there shall be delivered to the Company and the Trustee (i) evidence to their
satisfaction of the destruction, loss or theft of any Security and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the
Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute and the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security, a new Security of the same series and of like
tenor and principal amount and bearing a number not contemporaneously Outstanding. If, after the delivery of such new Security, a bona fide purchaser of the original Security in lieu of which such new Security was issued presents for payment or
registration such original Security, the Trustee shall be entitled to recover such new Security from the party to whom it was delivered or any party taking therefrom, except a bona fide purchaser, and shall be entitled to recover upon the security
or indemnity provided therefor to the extent of any loss, damage, cost or expense incurred by the Company and the Trustee in connection therewith. 

In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion
may, instead of issuing a new Security, pay such Security. 
 Upon the issuance of any new Security, the Company may require the payment of
a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Security of any series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an
original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with
any and all other Securities of that series duly issued hereunder. 
 The provisions of this Section are exclusive and shall preclude (to
the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 

Section 3.07. Payment of Interest; Interest Rights Preserved. 

Except as otherwise provided as contemplated by Section 3.01 with respect to any series of Securities, 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
such interest. 

  
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 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 (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of 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 (b) below: 
 (a) The Company may elect to make
payment of any Defaulted Interest to the Persons in whose names the Securities of such series (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 which shall be not more than 15 days and not 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 therefor to be given to each Holder of Securities of such
series in the manner set forth in Section 1.06, 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 so mailed, such Defaulted
Interest shall be paid to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and 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 such Securities 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 manner of payment shall be deemed practicable by the Trustee. 
 Subject to the foregoing provisions of this
Section and Section 3.05, each Security delivered under this Indenture upon registration of 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. 
 For each series of Securities, the Company shall, prior to 10:30 a.m. (New York City time) on each payment date
for principal and premium, if any, and interest, if any, deposit with the Trustee money in immediately available funds sufficient to make cash payments due on the applicable payment date. 

  
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 Section 3.08. Persons Deemed Owners. 

Except as otherwise contemplated by Section 3.01 with respect to any series of Securities, prior to due presentment of a Security for
registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Security is registered as the owner of such Security for the purpose of receiving payment of principal of and any
premium and (subject to Sections 3.05 and 3.07) any interest on such Security and for all other purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be
affected by notice to the contrary. 
 No holder of any beneficial interest in any Global Security held on its behalf by a Depositary shall
have any rights under this Indenture with respect to such Global Security, and such Depositary may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the owner of such Global Security for all purposes whatsoever.
None of the Company, the Trustee nor any agent of the Company or the Trustee will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Security or
for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
 Section 3.09.
Cancellation. 
 All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any
sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any
Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously
authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in
this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be disposed of as directed by a Company Order, and the Trustee shall thereafter deliver to the Company a certificate with respect to
such deposition. 
 Section 3.10. Computation of Interest. 

Except as otherwise specified as contemplated by Section 3.01 for Securities of any series, interest on the Securities of each series
shall be computed on the basis of a 360-day year of twelve 30-day months. 

Section 3.11. CUSIP Numbers 

The Company in issuing the Securities may use “CUSIP” numbers (in addition to the other identification numbers printed on the
Securities), if then in use, and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided, however, that any such notice may state that no representation is made as to the correctness of
such “CUSIP” 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 “CUSIP” numbers. The Company will promptly notify the Trustee of any change in the “CUSIP” numbers. 

  
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 ARTICLE IV SATISFACTION AND DISCHARGE 

Section 4.01. Satisfaction and Discharge of Indenture. 

This Indenture shall, upon Company Request, cease to be of further effect with respect to Securities of any series (except as to any surviving
rights of registration of transfer or exchange of Securities herein expressly provided for), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to
such Securities, when 
 (a) either 

(1) all such Securities theretofore authenticated and delivered (other than (i) such Securities which have been destroyed, lost or stolen
and which have been replaced or paid as provided in Section 3.06 and (ii) such Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company
or discharged from such trust, as provided in Section 10.03) have been delivered to the Trustee cancelled or for cancellation; or 
 (2)
all such Securities not theretofore delivered to the Trustee as cancelled or for cancellation 
 i. have become due and payable, or 

ii. will become due and payable at their Stated Maturity within one year, or 

iii. are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by
the Trustee in the name, and at the expense, of the Company, 
 and the Company in the case of (i), (ii) or (iii) above, has deposited or caused to be
deposited with the Trustee, as trust funds in trust for the purpose, an amount of money in the currency or currency units in which such Securities are payable sufficient to pay and discharge the entire indebtedness on such Securities not theretofore
delivered to the Trustee as cancelled or for cancellation, for principal and any premium and interest to the date of such deposit (in the case of such Securities which have become due and payable) or to the Stated Maturity or Redemption Date, as the
case may be; 
 (b) the Company has paid or caused to be paid, or otherwise made provision for the payment of, all other sums payable
hereunder by the Company with respect to such Securities; and 
 (c) the Company has delivered to the Trustee an Officer’s Certificate
and an Opinion of Counsel each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture with respect to such Securities have been complied with. 

  
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 Notwithstanding the satisfaction and discharge of this Indenture with respect to Securities
of any series, the obligations of the Company to the Trustee under Section 6.07, the obligations of the Trustee to any Authenticating Agent under Section 6.14 and the right of the Trustee to resign under Section 6.10 shall survive,
and, if money shall have been deposited with the Trustee pursuant to subclause (2) of Clause (a) of this Section, the obligations of the Trustee under Section 4.02, 6.06, 7.01 and 10.02 and the last paragraph of Section 10.03
shall survive. 
 Section 4.02. Application of Trust Money. 

Subject to the provisions of the last paragraph of Section 10.03, all money deposited with the Trustee pursuant to Section 4.01 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 any premium and interest for whose payment such money has been deposited with the Trustee. All money deposited with the Trustee pursuant to Section 4.01 (and held by it or any
Paying Agent) for the payment of such Securities subsequently converted into other property shall be returned to the Company upon Company Request. The Company may direct by a Company Order the investment of any money deposited with the Trustee
pursuant to Section 4.01, without distinction between principal and income, in (1) United States Treasury Securities with a maturity of one year or less or (2) a money market fund that invests solely in short term United States
Treasury Securities (including money market funds for which the Trustee or an affiliate of the Trustee serves as investment advisor, administrator, shareholder, servicing agent and/or custodian or
sub-custodian, notwithstanding that (a) the Trustee charges and collects fees and expenses from such funds for services rendered and (b) the Trustee charges and collects fees and expenses for
services rendered pursuant to this Indenture at any time), and from time to time the Company may direct the reinvestment of all or a portion of such money in other securities or funds meeting the criteria specified in Clause (1) or (2) of this
Section. 
 ARTICLE V REMEDIES 

Section 5.01. Events of Default. 

“Event of Default”, wherever used herein with respect to Securities of any series, means any one of the following events (whatever
the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental
body): 
 (a) default in the payment of any interest upon any Security of that series when it becomes due and payable, and continuance of
such default for a period of 30 days; or 
 (b) default in the payment of the principal of or any premium on any Security of that series at
its Maturity; or 
 (c) default in the deposit of any sinking fund payment, when and as due by the terms of a Security of that series; or

 (d) default in the performance, or breach, of any covenant of the Company in this Indenture (other than a default in the performance or
the breach of a covenant which is specifically dealt with elsewhere in this Section or which has expressly been included in this Indenture solely for the benefit of series of Securities other than that series), and continuance of such default or
breach for a period of 90 days after there has been given, by registered or 

  
 32 

 
certified mail to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of that series a written notice
specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 

(e) the entry by a court having jurisdiction in the premises of (1) a decree or order for relief in respect of the Company in an
involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or (2) a decree or order adjudging the Company bankrupt or insolvent, or approving as properly filed a petition
seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of
the Company or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order for relief or any such other decree or order unstayed and in effect for a period of 90
consecutive days; or 
 (f) the commencement by the Company of a voluntary case or proceeding under any applicable Federal or State
bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry of a decree or order for relief in respect of the Company in an involuntary
case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by it of a petition or answer or
consent seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a
custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company of any substantial part of its property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing
of its inability to pay its debts generally as they become due, or the taking of corporate action by the Company in furtherance of any such action; or 

(g) any other Event of Default provided as contemplated by Section 3.01 with respect to Securities of that series. 

Section 5.02. Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default (other than an Event of Default specified in Section 5.01(e) or 5.01(f)) with respect to Securities of any series
at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of that series may declare the principal amount of all the Securities of that
series (or, if any Securities of that series are Original Issue Discount Securities, such portion of the principal amount of such Securities as may be specified by the terms thereof) to be due and payable immediately, by a notice in writing to the
Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) shall become immediately due and payable. If an Event of Default specified in Section 5.01(e) or 5.01(f) with respect to
Securities of any series at the time Outstanding occurs, the principal amount of all the Securities of that series (or, if any Securities of that series are Original Issue Discount Securities, such portion of the principal amount of such Securities
as may be specified by the terms thereof) shall automatically, and without any declaration or other action on the part of the Trustee or any Holder, become immediately due and payable. 

  
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 At any time after such a declaration of acceleration with respect to Securities of any
series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the Outstanding Securities of that series,
by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if 
 (a) the Company has paid
or deposited with the Trustee a sum sufficient to pay all 
 (1) overdue interest on all Securities of that series, 

(2) the principal of (and premium, if any, on) any Securities of that series which have become due otherwise than by such declaration of
acceleration and any interest thereon at the rate or rates prescribed therefor in such Securities, 
 (3) to the extent that payment of such
interest is lawful, interest upon overdue interest at the rate or rates prescribed therefor in such Securities, and 
 (4) all sums paid or
advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; 
 and 

(b) all Events of Default with respect to Securities of that series, other than the non-payment of the
principal of Securities of that series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 5.13. 

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

Section 5.03. Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Company covenants that if 

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

  
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 If an Event of Default with respect to Securities of any series occurs and is continuing,
the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such
rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

Section 5.04. Trustee May File Proofs of Claim. 

In case of any judicial proceeding relative to the Company (or any other obligor upon the Securities, its property or its creditors, the
Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand for overdue principal or interest)
shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under the Trust Indenture Act in order to have claims of the Holders and the Trustee allowed in any such proceeding. In
particular, the Trustee shall be authorized to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other
similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee
any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 6.07. 

No provision of this Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder
any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding; provided, however, that
the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other similar committee. 

Section 5.05. Trustee May Enforce Claims Without Possession of Securities. 

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

Section 5.06. Application of Money Collected. 

Any money or property collected or to be applied by the Trustee pursuant to this Article shall be applied in the following order, at the date
or dates fixed by the Trustee and, in case of the distribution of such money on account of principal or any premium or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender
thereof if fully paid: 
 First: To the payment of all amounts due the Trustee under Section 6.07; 

  
 35 

 Second: To the payment of the amounts then due and unpaid for principal of and any premium
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 any
premium and interest, respectively; and 
 Third: The balance, if any, to the Company. 

Section 5.07. Limitation on Suits. 

No Holder of any Security of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to this
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 
 (a) such Holder has previously given
written notice to the Trustee of a continuing Event of Default with respect to the Securities of that series; 
 (b) the Holders of not less
than 25% in principal amount of the Outstanding Securities of that series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(c) such Holder or Holders have offered, and if requested, provided to the Trustee reasonable security or indemnity against the costs, expenses
and liabilities to be incurred in compliance with such request; 
 (d) the Trustee for 60 days after its receipt of such notice, request and
offer and, if requested, provision of security or indemnity has failed to institute any such proceeding; and 
 (e) no direction inconsistent
with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities of that series; 

it being understood and intended that no one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any
provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the
manner herein provided and for the equal and ratable benefit of all of such Holders. 
 Section 5.08. Unconditional Right of Holders
to Receive Principal Premium and Interest. 
 Notwithstanding any other provision in this Indenture, the Holder of any Security shall
have the right, which is absolute and unconditional to receive payment of the principal of and any premium and (subject to Sections 3.05 and 3.07) interest on such Security on the respective Stated Maturities expressed in such Security (or, in the
case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 

  
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 Section 5.09. Restoration of Rights and Remedies. 

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

Section 5.10. Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last
paragraph of Section 3.06, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be
cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other appropriate right or remedy. 
 Section 5.11. Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default shall
impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often
as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 Section 5.12. Control by Holders. 

Subject to Section 6.03, the Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to
direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such series, provided that 

(a) such direction shall not be in conflict with any rule of law or with this Indenture, 

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

(c) subject to the provisions of Section 6.01, the Trustee shall have the right to decline to follow any such direction if the Trustee in
good faith shall determine that the proceeding so directed would involve the Trustee in personal liability or would otherwise be contrary to applicable law. 

  
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 Section 5.13. Waiver of Past Defaults. 

The Holders of not less than a majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of all the
Securities of such series waive any past default hereunder with respect to such series and its consequences, except a default 
 (a) in the
payment of the principal of or any premium or interest on any Security of such series, or 
 (b) in respect of a covenant or provision hereof
which under Article IX cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series affected. 

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 5.14. 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, suffered
or omitted by it as Trustee, a court may require any party litigant in such suit to file an undertaking to pay the costs of such suit, and may assess costs against any such party litigant, in the manner and to the extent provided in the Trust
Indenture Act; provided that neither this Section nor the Trust Indenture Act shall be deemed to authorize any court to require such an undertaking or to make such an assessment in any suit instituted by the Company or the Trustee. 

Section 5.15. Waiver of Usury, Stay or Extension Laws. 

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

Section 6.01. Certain Duties and Responsibilities. 

(a) Except during the continuance of an Event of Default with respect to any series of Securities, 

(1) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture with respect to the
Securities of such series, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

  
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 (2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the
truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by
any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture. 

(b) In case an Event of Default with respect to any series of Securities has occurred and is continuing, the Trustee shall exercise with
respect to the Securities of such series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise under the circumstances in the conduct of his own
affairs. 
 (c) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that 
 (1) this Subsection shall not be construed to limit the effect of
Subsection (a) of this Section; 
 (2) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible
Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 
 (3) the Trustee shall not be liable
with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders of a majority in principal amount of the Outstanding Securities of any Series relating to the time, method and place of
conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such series; and 

(4) no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the
performance of any of its duties hereunder, or in the exercise of any of its rights and powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably
assured to it. 
 (d) Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting
the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 
 Section 6.02. Notice
of Defaults. 
 Within 90 days after the occurrence, and during the continuance, of any default with respect to the Securities of any
series which is known to the Trustee, the Trustee shall transmit, in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act, notice of all uncured or unwaived such defaults; provided, however, that, except in the
case of a default in the payment of the principal of (or premium, if any) or interest on Securities of any series or in the payment of any sinking or purchase fund installment with respect to such Securities, the

  
 39 

 
Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the
Trustee in good faith determine that the withholding of such notice is in the interests of the Holders of Securities of such series; and provided, further, however, that in the case of any default of the character specified in Section 5.01(d)
with respect to the Securities of such series, no such notice to Holders of Securities shall be given until at least 60 days after the occurrence thereof. For the purpose of this Section, the term “default” means any event which is, or
after notice or lapse of time or both would become, an Event of Default. 
 Section 6.03. Certain Rights of Trustee. 

Subject to the provisions of Section 6.01: 

(a) the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 

(b) any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company
Order, and any resolution of the Board of Directors shall be sufficiently evidenced by a Board Resolution; 
 (c) whenever in the
administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in
the absence of bad faith on its part, rely upon an Officer’s Certificate; 
 (d) the Trustee may consult with counsel and the written
advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

(e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction
of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with
such request or direction; 
 (f) the Trustee shall not be bound to make any investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may, without
obligation to do so, make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and
premises of the Company, personally or by agent or attorney; and 
 (g) the Trustee may execute any of the trusts or powers hereunder or
perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder. 

  
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 Section 6.04. Not Responsible for Recitals or Issuance of Securities. 

The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the statements
of the Company and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. Neither the Trustee nor any Authenticating Agent makes any representations as to the validity or sufficiency of this Indenture or
of the Securities. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of Securities or the proceeds thereof. 

Section 6.05. May Hold Securities. 

The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the Company, in its individual or any
other capacity, may become the owner or pledgee of Securities and, subject to Sections 6.08 and 6.13, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security
Registrar or such other agent. 
 Section 6.06. Money Held in Trust. 

Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be
under no liability for interest on any money received by it hereunder except as otherwise agreed with the Company. 
 Section 6.07.
Compensation and Reimbursement. 
 The Company agrees: 

(1) to pay to the Trustee from time to time such reasonable compensation as shall be agreed in writing between the parties for all services
rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(2) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements and
advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may
be attributable to its negligence or bad faith; and 
 (3) to indemnify the Trustee for, and to hold it harmless against, any loss, liability
or expense incurred without negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending itself against any claim or
liability in connection with the exercise or performance of any of its powers or duties hereunder. 
 The obligations of the Company under
this Section to compensate the Trustee and to pay or reimburse the Trustee for expenses, disbursements and advances shall constitute additional indebtedness hereunder. 

  
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 Without limiting any rights available to the Trustee under applicable law, when the Trustee
incurs expenses or renders services in connection with an Event of Default specified in Section 5.01(e) or Section 5.01(f), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for such services
are intended to constitute expenses of administration under any applicable Bankruptcy Law. 
 The provisions of this Section shall survive
the satisfaction and discharge of this Indenture and the defeasance of the Securities. 
 Section 6.08. Conflicting Interests.

 If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either
eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by the Trust Indenture Act, the Trustee shall not be deemed to have
a conflicting interest by virtue of being a trustee under this Indenture with respect to Securities of more than one series. 

Section 6.09. Corporate Trustee Required, Eligibility. 

There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder
for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such and has a combined capital and surplus of at least $100,000,000. If any such Person publishes reports of
condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such
Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the
provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 

Section 6.10. Resignation and Removal, Appointment of Successor. 

No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the
acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 6.11. 
 The Trustee may
resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required by Section 6.11 shall not have been delivered to the
Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 

The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal amount of
the Outstanding Securities of such series, delivered to the Trustee and to the Company. If an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days after giving of such notice of removal, the
removed Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee. 

  
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 If at any time: 

(a) the Trustee shall fail to comply with Section 6.08 after written request therefor by the Company or by any Holder who has been a bona
fide Holder of a Security for at least six months, or 
 (b) the Trustee shall cease to be eligible under Section 6.09 and shall fail to
resign after written request therefor by the Company or by any such Holder, or 
 (c) the Trustee shall become incapable of acting or shall
be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or
liquidation, 
 then, in any such case, (1) the Company by a Board Resolution may remove the Trustee with respect to all Securities of
which such Trustee acts as trustee, or (2) subject to Section 5.14, any Holder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of
competent jurisdiction for the removal of the Trustee with respect to all Securities of which such Trustee acts as trustee and the appointment of a successor Trustee or Trustees. 

If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause,
with respect to the Securities of one or more series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being understood that any such successor
Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series) and shall comply with the applicable
requirements of Section 6.11. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a
majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the
applicable requirements of Section 6.11, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the
Securities of any series shall have been so appointed by the Company or the Holders and accepted appointment in the manner required by Section 6.11, any Holder who has been a bona fide Holder of a Security of such series for at least six months
or the Trustee may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 

The Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series and each
appointment of a successor Trustee with respect to the Securities of any series to all Holders of Securities of such series in the manner provided in Section 1.06. Each notice shall include the name of the successor Trustee with respect to the
Securities of such series and the address of its Corporate Trust Office. 

  
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 Section 6.11. Acceptance of Appointment by Successor. 

In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed shall
execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any
further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges and
reimbursement of its expenses (including reasonable fees and expenses of counsel and agents), if any, to which such retiring Trustee is otherwise legally entitled, execute and deliver an instrument transferring to such successor Trustee all the
rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. 

In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company,
the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (a) shall
contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to
which the appointment of such successor Trustee relates, (b) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers,
trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (c) shall add to or change any of the
provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such
Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee;
and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance,
shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any
successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment
of such successor Trustee relates. 
 Upon request of any such successor Trustee, the Company shall execute any and all instruments for more
fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in the first or second preceding paragraph, as the case may be. 

No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible
under this Article. 

  
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 Section 6.12. Merger, Conversion, Consolidation or Succession to Business. 

Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such
corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall have been authenticated, but not
delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee
had itself authenticated such Securities. 
 Section 6.13. Preferential Collection of Claims Against Company. 

If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Securities), the Trustee shall be subject
to the provisions of the Trust Indenture Act regarding the collection of claims against the Company (or any such other obligor). 

Section 6.14. Appointment of Authenticating Agent. 

The Trustee may appoint an Authenticating Agent or Agents with respect to one or more series of Securities which shall be authorized to act on
behalf of and subject to the direction of the Trustee to authenticate and deliver Securities of such series issued upon original issue and upon exchange, registration of transfer or partial redemption thereof or pursuant to Section 3.06, and
Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and
delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication
executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any State
thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $100,000,000 and subject to supervision or examination by Federal or State authority. If such
Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating
Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such
Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 
 Any corporation into which an
Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the
corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any
further act on the part of the Trustee or the Authenticating Agent. 

  
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 An Authenticating Agent may resign at any time by giving written notice thereof to the
Trustee and to the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a
termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall
give notice of such appointment in the manner provided in Section 1.06 to all Holders of Securities of the series with respect to which such Authenticating Agent will serve. Any successor Authenticating Agent upon acceptance of its appointment
hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the
provisions of this Section. 
 Except with respect to an Authenticating Agent appointed at the request of the Company, the Trustee agrees to
pay to each Authenticating Agent from time to time reasonable compensation for its services under this Section. 
 If an appointment with
respect to one or more series is made pursuant to this Section, the Securities of such series may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternative certificate of authentication in the following
form: 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

							
	[Indenture Trustee], as Trustee
			
	By:	 	  
	 	, as
		 	Authenticating Agent	 	
				
		 	By:	 	  
	 	
		 		 	Authorized Signatory	 	

 ARTICLE VII HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 

Section 7.01. Company to Furnish Trustee Names and Addresses of Holders. 

The Company will furnish or cause to be furnished to the Trustee 

(a) semi-annually, not more than 15 days after each Regular Record Date, a list for each series of Securities, in such form as the Trustee may
reasonably require, of the names and addresses of the Holders of Securities of such series as of such Regular Record Date, and 
 (b) at such
other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; 

  
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 provided, however, that if and so long as the Trustee shall be the Security Registrar for
the Securities of a series, no such list need be furnished with respect to such series of Securities. 
 Section 7.02. Preservation
of Information; Communications to Holders. 
 Subject to compliance with its obligations pursuant to Section 312 of the Trust
Indenture Act, the Trustee (i) shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent list furnished to the Trustee as provided in Section 7.01 and the names and
addresses of Holders received by the Trustee in its capacity as Security Registrar and (ii) may destroy any list furnished to it as provided in Section 7.01 upon receipt of a new list so furnished. 

The rights of Holders to communicate with other Holders with respect to their rights under this Indenture or the Securities, and the
corresponding rights and privileges of the Trustee shall be as provided by the Trust Indenture Act. 
 Every Holder of Securities, by
receiving and holding the same, agrees with the Company and the Trustee that none of the Company, the Trustee nor any agent of any of them shall be held accountable by reason of any disclosure of information as to names and addresses of Holders made
pursuant to the Trust Indenture Act. 
 Section 7.03. Reports by Trustee. 

The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to
the Trust Indenture Act at the times and in the manner provided pursuant thereto. As promptly as practicable after each May 15 beginning with the May 15 following the date of this Indenture, and in any event prior to July 15 in each
year, the Trustee shall mail to each Holder a brief report dated as of May 15 that complies with Trust Indenture Act Section 313(a). The Trustee also shall comply with Trust Indenture Act Section 313(b). Prior to delivery to the
Holders, the Trustee shall deliver to the Company a copy of any report it delivers to Holders pursuant to this Section 7.03. 
 A copy
of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange upon which any Securities are listed, with the Commission and with the Company. The Company will notify the Trustee when any
Securities are listed on any stock exchange. 
 Section 7.04. Reports by Company. 

The Company shall file with the Trustee and the Commission, and transmit to Holders, such information, documents and other reports, and such
summaries thereof as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant to such Act; provided that any such information, documents or reports required to be filed with the Commission pursuant to
Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee within 15 days after the Company files the same with the Commission. 

Delivery of such reports, information and documents to the Trustee is for informational purposes only, and the Trustee’s receipt of such
shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to
rely exclusively on Officer’s Certificates). 

  
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 Such information, documents, reports and summaries shall be deemed to have been
(i) filed by the Company with the Trustee and (ii) transmitted by the Company to Holders, as the case may be, if the Company has filed such information, documents, reports and summaries with the Commission using the EDGAR filing system (or
any successor filing system) and such reports are publicly available, in each case to the extent such filing with the EDGAR filing system (or any successor filing system) and the foregoing effect thereof, is not prohibited by the Act. 

ARTICLE VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 

Section 8.01. Company May Consolidate, Etc., Only on Certain Terms. 

The Company shall not consolidate with or merge into any other Person or convey, transfer or lease (as lessor) its properties and assets as, or
substantially as, an entirety to any Person, unless: 
 (a) (1) in the case of a merger, the Company is the surviving Person, or
(2) the Person formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer, or which leases, the properties and assets of the Company as, or substantially as, an entirety shall be a
corporation or partnership, shall be organized and validly existing under the laws of the United States of America, any State thereof or the District of Columbia and shall expressly assume, by an indenture supplemental hereto, executed and delivered
to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the principal of and any premium and interest on all the Securities and the performance or observance of every covenant of this Indenture on the part of the Company
to be performed or observed; 
 (b) immediately after giving effect to such transaction, no Event of Default, and no event which, after
notice or lapse of time or both, would become an Event of Default, shall exist; and 
 (c) the Company has delivered to the Trustee an
Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture comply
with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with. 

Section 8.02. Successor Substituted. 

Upon any consolidation of the Company with, or merger of the Company into, any other Person or any conveyance, transfer or lease (as lessor) of
the properties and assets of the Company as, or substantially as, an entirety in accordance with Section 8.01, the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or lease
is made shall succeed to, and be substituted for, and may exercise 

  
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every right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as the Company herein, and thereafter, except in the case of a lease
(where the Company is the lessor), the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities. 

ARTICLE IX SUPPLEMENTAL INDENTURES 

Section 9.01. Supplemental Indentures Without Consent of Holders. 

Without the consent of any Holders, the Company, and the Trustee, at any time and from time to time, may enter into one or more indentures
supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 
 (a) to evidence the succession of another
Person to the Company under this Indenture and the Securities and the assumption by such successor of the obligations of the Company hereunder; 

(b) to add covenants of the Company for the benefit of the Holders of all or any series of Securities (and if such covenants are to be for the
benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit of such series) or to surrender any right or power herein conferred upon the Company with regard to all or any series of
Securities (and if any such surrender is to be made with regard to less than all series of Securities, stating that such surrender is expressly being made solely with regard to such series); 

(c) to add Events of Default for the benefit of the Holders of all or any series of Securities (and if such additional Events of Default are to
be for the benefit of less than all series of Securities, stating that such additional Events of Default are expressly being included solely for the benefit of such series); 

(d) 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; 

(e) to add to, change or eliminate any of the provisions of this Indenture in respect of all or any series of Securities (and if such addition,
change or elimination is to apply to less than all series of Securities, stating that it is expressly being made to apply solely with respect to such series), provided that any such addition, change or elimination (1) shall neither
(i) apply to any Security of any series created prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor (ii) modify the rights of the Holder of any such Security with respect to such
provision or (2) shall become effective only when there is no such Security Outstanding; 
 (f) to secure the Securities or any
guarantee with respect to any Securities; 
 (g) to establish the form or terms of Securities of any series hereunder; 

  
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 (h) to evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee,
pursuant to the requirements of Section 6.11; 
 (i) to cure any ambiguity, to correct or supplement any provision herein which may be
defective or inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture, provided that such action pursuant to this Clause (i) shall not adversely affect the
interests of the Holders of any Securities in any material respect; 
 (j) to add one or more guarantors with respect to the Securities as
parties to the Indenture or to release guarantors in accordance with the provisions of any supplemental indenture; 
 (k) to qualify this
Indenture under the Trust Indenture Act; 
 (l) to supplement any provisions of this Indenture necessary to permit or facilitate the
defeasance and discharge of any series of Securities, provided that such action does not adversely affect the interests of the Holders of Securities of such series or any other series; or 

(m) to comply with the rules or regulations of any securities exchange or automated quotation system on which any of the Securities may be
listed or traded. 
 Section 9.02. Supplemental Indentures with Consent of Holders. 

With the consent of the Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of each series affected
by such supplemental indenture, by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of
adding any provisions to, or changing in any manner or eliminating any of the provisions of, this Indenture, or modifying in any manner the rights of the Holders of Securities of such series under this Indenture; provided, however, that no such
supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby, 
 (a) change the Stated
Maturity of the principal of, or any installment of principal of or interest, if any, on, any Security, or reduce the principal amount thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or reduce the amount
of the principal of an Original Issue Discount Security or any other Security which would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.02, or change the Company’s obligation to
maintain an office or agency for payment of Securities and the other matters specified herein, or the coin or currency in which any Security is payable, or impair the right to institute suit for the enforcement of any such payment on or after the
Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date), or alter the method of computation of interest, 

(b) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for any
such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, or 

  
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 (c) modify any of the provisions of this Indenture relating to the execution of supplemental
indentures with the consent of Holders of Securities which are discussed in this Section or modify any provisions relating to the waiver by holders of Securities of past defaults and covenants, except to increase any such percentage or to provide
that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby; provided, however, that this clause shall not be deemed to require the consent of any
Holder with respect to changes in the references to “the Trustee” and concomitant changes in this Section and Section 10.06, or the deletion of this proviso, in accordance with the requirements of Sections 6.11 and 9.01(h). 

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 such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this
Indenture of the Holders of Securities of any other series. 
 It shall not be necessary for any Act of Holders under this Section to
approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 

Section 9.03. Execution of Supplemental Indentures. 

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby
of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 6.01) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is
authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

Section 9.04. Effect of Supplemental Indentures. 

Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such
supplemental indenture shall form a part of this Indenture, for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 

Section 9.05. Conformity with Trust Indenture Act. 

Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act. 

  
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 Section 9.06. Reference in Securities to Supplemental Indentures. 

Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall
if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion of
the Trustee and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. Failure to make a notation or issue a
new Security shall not affect the validity and effect of any amendment, supplement or waiver. 
 ARTICLE X COVENANTS 

Section 10.01. Payment of Principal, Premium and Interest. 

The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of and any
premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture. 

Section 10.02. Maintenance of Office or Agency. 

The Company will maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series may be
presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may
be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to
furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such
presentations, surrenders, notices and demands. 
 The Company may also from time to time designate one or more other offices or agencies
where the Securities of one or more series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the
Company of its obligation to maintain an office or agency in each Place of Payment for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in
the location of any such other office or agency. 
 Except as otherwise specified with respect to a series of Securities as contemplated by
Section 3.01, the Company hereby initially designates as the Place of Payment for each series of Securities The City of New York, and initially appoints the Trustee as Paying Agent at its Corporate Trust Office as the Company’s office or
agency for each such purpose in such city. 
 Section 10.03. Money for Securities Payments to Be Held in Trust. 

If the Company shall at any time act as its own Paying Agent with respect to any series of Securities, it will, on or before each due date of
the principal of or any premium or interest on any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any premium and interest so becoming due until
such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act. 

  
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 Whenever the Company shall have one or more Paying Agents for any series of Securities, it
will, on or prior to each due date of the principal of or any premium or interest on any Securities of that series, deposit (or, if the Company has deposited any trust funds with a trustee pursuant to Section 13.04(a), cause such trustee to
deposit) with a Paying Agent a sum sufficient to pay such amount, such sum to be held as provided by the Trust Indenture Act, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to
act. 
 The Company will cause each Paying Agent for any series of Securities other than the Trustee 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, that such Paying Agent will (1) hold all sums held by it for the payment of the principal of (and premium, if any) or interest, if
any, on Securities of that series in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; (2) give the Trustee notice of any default by the Company (or
any other obligor upon the Securities of that series) in the making of any payment of principal (and premium, if any) or interest, if any, on the Securities of that series; and (3) during the continuance of any such default, upon the written
request of the Trustee, forthwith pay to the Trustee all sums held in trust by such Paying Agent for payment in respect of the Securities of that series. 

The Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or
by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Company or such
Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 

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 or any
premium or interest on any Security of any series and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be
discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, 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, shall 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 a
newspaper published in the English language, customarily published on each Business Day and of general circulation in the Borough of Manhattan, The City of New York, notice that such money remains unclaimed and that, after a date specified therein,
which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Company. 

Section 10.04. Statement by Officers as to Default. 

The Company will deliver to the Trustee, within 150 days after the end of each of its fiscal years ending after the date hereof, an
Officer’s Certificate, stating whether or not to the best knowledge of the signer thereof the Company is in default in the performance and observance of any of the terms, provisions and conditions of this Indenture (without regard to any period
of grace or requirement of notice provided hereunder) and, if the Company shall be in default, specifying all such defaults and the nature and status thereof of which they may have knowledge. 

  
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 Section 10.05. Existence. 

Subject to Article VIII, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its
existence, rights (charter and statutory) and franchises; provided, however, that the Company shall not be required to preserve any such right or franchise if it shall determine that the preservation thereof is no longer desirable in the conduct of
the business of the Company. 
 Section 10.06. Waiver of Certain Covenants. 

Except as otherwise specified as contemplated by Section 3.01 for Securities of such series, the Company may, with respect to the
Securities of any series, omit in any particular instance to comply with any term, provision or condition set forth in any covenant provided pursuant to Section 3.01(u), 9.01(b) or 9.01(g) for the benefit of the Holders of such series or in
Article VIII or Section 10.05, if before the time for such compliance the Holders of at least a majority in aggregate principal amount of the Outstanding Securities of such series shall, by Act of such Holders, either waive such compliance in
such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become
effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect. 

ARTICLE XI REDEMPTION OF SECURITIES 

Section 11.01. 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 3.01 for such Securities) in accordance with this Article. 
 Section 11.02.
Election to Redeem; Notice to Trustee. 
 The election of the Company to redeem any Securities shall be established in or pursuant to
a Board Resolution or in another manner specified as contemplated by Section 3.01 for such Securities. In case of any redemption at the election of the Company of less than all the Securities of any series (including any such redemption
affecting only a single Security), the Company shall, not less than 35 nor more than 60 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption
Date, of the principal amount of Securities of such series to be redeemed and, if applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of Securities (a) prior to the expiration of any restriction on such
redemption provided in the terms of such Securities or elsewhere in this Indenture, or (b) pursuant to an election of the Company which is subject to a condition specified in the terms of such Securities, the Company shall furnish the Trustee
with an Officer’s Certificate evidencing compliance with such restriction or condition. 

  
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 Section 11.03. Selection by Trustee of Securities to Be Redeemed. 

If less than all the Securities of any series are to be redeemed (unless all the Securities of such series and of a specified tenor are to be
redeemed or unless such redemption affects only a single Security), the particular Securities to be redeemed shall be selected not more than 45 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not
previously called for redemption, by such method as the Trustee shall deem fair and appropriate and which complies with any securities exchange or other applicable requirements for redemption of a portion of the principal amount of any Security of
such series, provided that the unredeemed portion of the principal amount of any Security shall be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such Security. If less than all the Securities of
such series and of a specified tenor are to be redeemed (unless such redemption affects only a single Security), the particular Securities to be redeemed shall be selected not more than 45 days prior to the Redemption Date by the Trustee, from the
Outstanding Securities of such series and specified tenor not previously called for redemption in accordance with the preceding sentence. 

The Trustee shall promptly notify the Company and each Security Registrar in writing of the Securities selected for redemption as aforesaid
and, in case of any Securities selected for partial redemption as aforesaid, the principal amount thereof to be redeemed. 
 The provisions
of the two preceding paragraphs shall not apply with respect to any redemption affecting only a single Security, whether such Security is to be redeemed in whole or in part. In the case of any such redemption in part, the unredeemed portion of the
principal amount of the Security shall be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such Security. 

For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall
relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which has been or is to be redeemed. 

Section 11.04. Notice of Redemption. 

Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 30 nor more than 60 days prior to the Redemption
Date (or within such period as otherwise specified as contemplated by Section 3.01 for the relevant Securities), to each Holder of Securities to be redeemed, at his address appearing in the Security Register. 

All notices of redemption shall identify the Securities to be redeemed (including CUSIP numbers, if any) and shall state: 

(a) the Redemption Date, 
 (b) the
Redemption Price, 
 (c) if less than all the Outstanding Securities of any series consisting of more than a single Security are to be
redeemed, the identification (and, in the case of partial redemption of any such Securities, the principal amounts) of the particular Securities to be redeemed and, if less than all the Outstanding Securities of any series consisting of a single
Security are to be redeemed, the principal amount of the particular Security to be redeemed, 
 (d) that on the Redemption Dates, the
Redemption Price will become due and payable upon each such Security to be redeemed and, if applicable, that interest thereon will cease to accrue on and after said date, 

(e) the place or places where each such Security is to be surrendered for payment of the Redemption Price, and 

  
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 (f) that the redemption is for a sinking fund, if such is the case. 

Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company’s
request, by the Trustee in the name and at the expense of the Company and shall be irrevocable. 
 Section 11.05. Deposit of
Redemption Price. 
 On or prior to 10:30 a.m. New York City time on any Redemption Date, the Company shall deposit with the Trustee or
with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 10.03) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an
Interest Payment Date) accrued interest on, all the Securities which are to be redeemed on that date. 
 Section 11.06. Securities
Payable on Redemption Date. 
 Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the
Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear
interest. Upon surrender of any such Security for redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, that, unless
otherwise specified as contemplated by Section 3.01, installments of interest whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as
such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 3.07. 
 If any
Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security. 

Section 11.07. Securities Redeemed in Part. 

Any Security which is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so
requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), and the Company shall execute, and the Trustee
shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of the same series and of like tenor, of any authorized denomination as requested by such Holder, in aggregate principal amount equal
to and in exchange for the unredeemed portion of the principal of the Security so surrendered. 
 ARTICLE XII SINKING FUNDS 

Section 12.01. Applicability of Article. 

The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of any series except as otherwise
specified as contemplated by Section 3.01 for such Securities. 

  
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 The minimum amount of any sinking fund payment provided for by the terms of any Securities
is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of such Securities is herein referred to as an “optional sinking fund payment”. If provided
for by the terms of any Securities, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 12.02. Each sinking fund payment shall be applied to the redemption of Securities as provided for by the terms of
such Securities. 
 Section 12.02. Satisfaction of Sinking Fund Payments with Securities. 

The Company (a) may deliver Outstanding Securities of a series (other than any previously called for redemption) and (b) may apply as
a credit Securities of a series which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities,
in each case in satisfaction of all or any part of any sinking fund payment with respect to any Securities of such series required to be made pursuant to the terms of such Securities as and to the extent provided for by the terms of such Securities;
provided that the Securities to be so credited have not been previously so credited. The Securities to be so credited shall be received and credited for such purpose by the Trustee at the Redemption Price, as specified in the Securities so to be
redeemed, for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. 

Section 12.03. Redemption of Securities for Sinking Fund. 

Not less than 45 days (or shorter period as shall be satisfactory to the Trustee) prior to each sinking fund payment date for any Securities,
the Company will deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing sinking fund payment for such Securities pursuant to the terms of such Securities, the portion thereof, if any, which is to be satisfied
by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities pursuant to Section 12.02 and will also deliver to the Trustee any Securities to be so delivered. Not less than 30 days prior to
each such sinking fund payment date, the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 11.03 and cause notice of the redemption thereof to be given in the name of and
at the expense of the Company in the manner provided in Section 11.04. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 11.06 and 11.07. 

ARTICLE XIII DEFEASANCE AND COVENANT DEFEASANCE 

Section 13.01. Company’s Option to Effect Defeasance or Covenant Defeasance. 

The Company may elect, at its option at any time, to have Section 13.02 or Section 13.03 applied to any Securities or any series of
Securities, as the case may be, designated pursuant to Section 3.01 as being defeasible pursuant to such Section 13.02 or 13.03, in accordance with any applicable requirements provided pursuant to Section 3.01 and upon compliance with
the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 3.01 for such Securities. 

  
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 Section 13.02. Defeasance and Discharge. 

Upon the Company’s exercise of its option (if any) to have this Section applied to any Securities or any series of Securities, as the case
may be, the Company shall be deemed to have been discharged from its obligations with respect to such Securities as provided in this Section on and after the date the conditions set forth in Section 13.04 are satisfied (hereinafter called
“Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Securities and to have satisfied all its other obligations under such
Securities and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), subject to the following which shall survive until otherwise terminated
or discharged hereunder: (a) the rights of Holders of such Securities to receive, solely from the trust fund described in Section 13.04 and as more fully set forth in such Section, payments in respect of the principal of and any premium
and interest on such Securities when payments are due, (b) the Company’s obligations with respect to such Securities under Sections 3.04, 3.05, 3.06, 10.02 and 10.03, (c) the rights, powers, trusts, duties and immunities of the Trustee
hereunder and (d) this Article. Subject to compliance with this Article, the Company may exercise its option (if any) to have this Section applied to any Securities notwithstanding the prior exercise of its option (if any) to have
Section 13.03 applied to such Securities. 
 Section 13.03. Covenant Defeasance. 

Upon the Company’s exercise of its option (if any) to have this Section applied to any Securities or any series of Securities, as the case
may be, (a) the Company shall be released from its obligations under Section 7.04, Section 8.01(c), Section 10.05 and any covenants provided pursuant to Section 3.01(u), 9.01(b) or 9.01(g) for the benefit of the Holders of
such Securities and (b) the occurrence of any event specified in Sections 5.01(d) (with respect to any of Section 7.04, Section 8.01(c), Section 10.05 and any such covenants provided pursuant to Section 3.01(u), 9.01(b) or
9.01(g)) or 5.01(g) shall be deemed not to be or result in an Event of Default, in each case with respect to such Securities as provided in this Section on and after the date the conditions set forth in Section 13.04 are satisfied (hereinafter
called “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that, with respect to such Securities, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set
forth in any such specified Section (to the extent so specified in the case of Section 5.01(d)), whether directly or indirectly by reason of any reference elsewhere herein to any such Section or by reason of any reference in any such Section to
any other provision herein or in any other document, but the remainder of this Indenture and such Securities shall be unaffected thereby. 

Section 13.04. Conditions to Defeasance or Covenant Defeasance. 

The following shall be the conditions to the application of Section 13.02 or Section 13.03 to any Securities or any series of
Securities, as the case may be: 
 (a) The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another
trustee which satisfies the requirements contemplated by Section 6.09 and agrees to comply with the provisions of this Article applicable to it) as trust funds in trusts for the purpose of making the following payments, specifically pledged as
security for, and dedicated solely to, the benefits of the Holders of such Securities, (A) money in an amount, or (B) in the case of any series of Securities the payment on which may only be made in legal coin or currency of the United
States, U.S. Government Obligations which through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, money in an amount, or
(C) such 

  
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other obligations or arrangements as may be specified as contemplated by Section 3.01 with respect to such Securities, or (D) a combination thereof, in each case sufficient, in the
opinion of a nationally recognized firm of independent public accountants or investment bankers, in either case expressed in a written certification thereof to be delivered to the Trustee, to pay and discharge, and which shall be applied by the
Trustee (or any such other qualifying trustee) to pay and discharge, (1) the principal of and any premium and interest on such Securities on the respective Stated Maturities, in accordance with the terms of this Indenture and such Securities or
any Redemption Date established pursuant to clause (i) below, and (2) any mandatory sinking fund payments on the dates on which such payments are due and payable in accordance with the terms of this Indenture and such Securities. As used
herein, “U.S. Government Obligation” means (x) any security which is (i) a direct obligation of the United States of America for the payment of which the full faith and credit of the United States of America is pledged or
(ii) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States
of America, which, in either case (i) or (ii), is not callable or redeemable at the option of the issuer thereof and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with
respect to any U.S. Government Obligation which is specified in Clause (x) above and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on any U.S.
Government Obligation which is so specified and held, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the
custodian in respect of the U.S. Government Obligation or the specific payment of principal or interest evidenced by such depositary receipt. 

(b) In the event of an election to have Section 13.02 apply to any Securities or any series of Securities, as the case may be, the Company
shall have delivered to the Trustee an Opinion of Counsel stating 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 (A) or (B) to the effect that, and based thereon such opinion shall confirm that, the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as
a result of the deposit, Defeasance and discharge to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit, Defeasance
and discharge were not to occur. 
 (c) In the event of an election to have Section 13.03 apply to any Securities or any series of
Securities, as the case may be, the Company shall have delivered to the Trustee an Opinion of Counsel that shall confirm that the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit
and Covenant Defeasance to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit and Covenant Defeasance were not to
occur. 
 (d) The Company shall have delivered to the Trustee an Officer’s Certificate to the effect that neither such Securities nor
any other Securities of the same series, if then listed on any securities exchange, will be delisted as a result of such deposit. 

  
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 (e) No event which is, or after notice or lapse of time or both would become, an Event of
Default shall have occurred and be continuing at the time of such deposit (other than such event or Event of Default (if any) resulting from the incurrence of indebtedness or the grant of liens securing such indebtedness, all or a portion of the
proceeds of which will be applied to such deposit) or, with regard to any such event specified in Sections 5.01(e) and (f), at any time on or prior to the 90th day after the date of such deposit (it being understood that this condition shall not be
deemed satisfied until after such 90th day). 
 (f) Such Defeasance or Covenant Defeasance shall not cause the Trustee to have a conflicting
interest within the meaning of the Trust Indenture Act (assuming all Securities are in default within the meaning of such Act). 
 (g) Such
deposit shall not result in a breach of, or constitute a default under, any material agreement or instrument (other than this Indenture) to which the Company is a party or by which it is bound, or if such breach or default would occur, which is not
waived as of, and for all purposes, on and after, the date of such deposit. 
 (h) Such Defeasance or Covenant Defeasance shall not result in
the trust arising from such deposit constituting an investment company within the meaning of the Investment Company Act unless such trust shall be registered under such Act or exempt from registration thereunder. 

(i) If the Securities are to be redeemed prior to Stated Maturity (other than from mandatory sinking fund payments or analogous payments),
notice of such redemption shall have been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee shall have been made. 

(j) The Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions
precedent with respect to such Defeasance or Covenant Defeasance have been complied with. 
 Section 13.05. Deposited Money and U.S.
Government obligations to Be Held in Trust; Miscellaneous Provisions. 
 Subject to the provisions of the last paragraph of
Section 10.03, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee or other qualifying trustee (solely for purposes of this Section and Section 13.06, the Trustee and any such other trustee
are referred to collectively as the “Trustee”) pursuant to Section 13.04 in respect of any Securities shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the
payment, either directly or through any such Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Holders of such Securities, of all sums, due and to become due thereon in respect of principal and
any premium and interest, but money so held in trust need not be segregated from other funds except to the extent required by law. 
 The
Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 13.04 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 Outstanding Securities. 
 Anything in this Article
to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request any money or U.S. Government Obligations held by it as provided in Section 13.04 with respect to any Securities which are in
excess of the amount thereof which would then be required to be deposited to effect the Defeasance or Covenant Defeasance, as the case may be, with respect to such Securities. 

  
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 Section 13.06. Reinstatement. 

If the Trustee or the Paying Agent is unable to apply any money in accordance with this Article with respect to any Securities by reason of any
order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations under this Indenture, such Securities from which the Company has been discharged or released pursuant to
Section 13.02 or 13.03 shall be revived and reinstated as though no deposit had occurred pursuant to this Article with respect to such Securities, until such time as the Trustee or Paying Agent is permitted to apply all money held in trust
pursuant to Section 13.05 with respect to such Securities in accordance with this Article; provided, however, that if the Company makes any payment of principal of or any premium or interest on any such Security following such reinstatement of
its obligations, the Company shall be subrogated to the rights (if any) of the Holders of such Securities to receive such payment from the money so held in trust. 

[signature pages follow] 

  
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 This instrument may be executed in any number of counterparts, and by each party hereto on
separate counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

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

 

					
	CAPITAL SENIOR LIVING CORPORATION

 
					
		
	By:	 	 
		 	Name:	 	  

		 	Title:	 	  

 
					
	
	________________________, as Trustee

 
					
		
	By:	 	 
		 	Name:	 	  

		 	Title:

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