Document:

Exhibit
10.14

 

LICENSING
PROCEEDS DISTRIBUTION AGREEMENT

 

This
First Amended and Restated Licensing Proceeds Distribution Agreement (hereinafter Amended Agreement’), dated May
16, 2022, (“Restated Effective Date”), is made by and between GRDG Sciences, LLC (“GRDG”), a Florida
company with a business address at 234 W. Central Ave., Winter Haven, Florida 33880, and collectively, Global BioLife Inc. (“Global”),
Impact BioLife Sciences, Inc., to include Impact Biomedical Inc. (collectively, “Impact’’), each a Nevada corporation
with a business address at 701 S. Carson Street, Suite 200, Carson City, Nevada 89701. GRDG, Global and Impact are sometimes referred
to herein as the ‘‘Parties” and individually referred to as “PARTY.”

 

RECITALS

 

WHEREAS,
GRDG entered into a Licensing Proceeds Distribution Agreement with Global and Impact (“Original Agreement’)
with an effective date of February 15, 2022 (“Original Effective Date”), the Original Agreement
attached to this Amended Agreement as Attachment A;

 

WHEREAS,
GRDG assigned certain patent rights to Global and Impact.

 

WHEREAS,
Global is the assignee of certain patent rights identified on Exhibit A of the Original Agreement;

 

WHEREAS,
Impact is the assignee of certain patent rights identified on Exhibit B of the Original Agreement;

 

and

 

WHEREAS,
the Original Agreement created a venture between GRDG and Global and Impact;

 

WHEREAS,
the Parties mutually wish to amend certain terms of the Original Agreement with

those
terms set forth in this Amended Agreement.

 

NOW,
THEREFORE, in consideration of the premises and mutual promises made in this Agreement, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties hereto hereby agree as follows:

 

	1.	DEFINITIONS

 

The
following terms are hereby amended and restated as follows:

 

“Consulting
Payments” has the meaning set forth in Section 3.3.

 

“Discoveries”
means any invention created, made, actually reduced to practice, or developed by GRDG during the performance of a research project
funded by Consulting Payments received by GRDG from Impact.

 

“Global
Intellectual Property” means the intellectual property set forth on Exhibit A and any Improvements thereto.

 

“Impact
Intellectual Property” means the intellectual property set forth on Exhibit B, any Improvements thereto, and New Intellectual
Property funded by Impact set forth in Section 8.3.

 

    	Page 1

    	 

    

 

“Improvements,,
shall mean (a) any and all continuing applications (including continuations, continuation-in-part and divisional applications) claiming
priority to the patents or patent applications identified on Exhibit A of the Original Agreement, and foreign counterparts
thereto, and (b) any and all continuing applications (including continuations, continuation-in-part and divisional applications) claiming
priority to the patents or patent applications identified on Exhibit B as revised by this Amended Agreement, and any foreign
counterparts thereto, and (c) any and all improvements to (a) or (b) made, actually reduced to practice, or developed funded by Consulting
Payments received by GRDG from Impact.

 

“Term”
means the period of time that commences on the Original Effective Date and continues until the earlier of (1) termination
by any Party or (2) non-payment or non-acceptance of Consulting Payments for a period of 60 days.

 

	2.	PURPOSE

 

The
purpose of this Amended Agreement is to modify and amend the Original Agreement with respect to clarify the
relationship between GRDG and Global and Impact, and the Intellectual Property assigned from GRDG to Global and Impact. Only the terms
and provisions changed, revised or amended, relative to the Original Agreement are expressed in this Amended Agreement.
In all other respects, the Original Agreement remains in full force and effect.

 

	3.	CONSIDERATION

 

Section
3.3 of the Original Agreement is hereby amended and restated as follows:

 

3.3
Continuing Payments and Reports.. Impact hereby agrees to provide funding to GRDG for certain research projects in performance
of this Amended Agreement (“Consulting Payments”). Consulting Payments shall be made approxnnately monthly
and in amounts to be mutually agreed by the Parties. As of the effective date of this Agreement, Impact and GRDG have agreed to the amounts
set forth on Exhibit C as the agreed upon Consulting Payments amount and allocation. GRDG shall provide periodic written reports
(“Reports”) to Impact detailing GRDG research and development, and marketing efforts in connection with said research projects
funded by Impact. For the avoidance of doubt, (a) the amount and continuance of Consulting Payments that are made to GRDG are
at the sole and unfettered discretion of Impact, and (b) the acceptance of said Consulting Payments is at the sole discretion
of GRDG.

 

	4.	CONFIDENTIALITY

 

Sections
4.1 and 4.2 of the Original Agreement is hereby amended and restated as follows:

 

4.1.Duty
to Hold in Confidence. Each Party (“Receiving Party”) agrees that it will preserve in strict confidence and secure
against unauthorized use or disclosure any Confidential Information obtained from or with respect to the other Party (“Disclosing
Party”). In preserving the Disclosing Party’s Confidential Information, Receiving Party will use the same standard of care
it would use to secure and safeguard its own confidential information of similar importance, but in no event less than reasonable care.
Any permitted reproduction of the Disclosing Party’s Confidential Information shall contain all confidential or proprietary legends
that appear on the original. Receiving Party shall immediately notify the Disclosing Party in writing in the event of any loss or unauthorized
disclosure or use of Confidential Information.

 

Receiving
Party shall use the Disclosing Party’s Confidential Information disclosed hereunder solely for the purpose of fulfilling such Party’s
obligations and exercising such Party’s rights under this Agreement.

 

    	Page 2

    	 

    

 

4.2
Permitted Disclosures. Recipient shall permit access to Disclosing Party’s Confidential Information solely to its
employees, agents, contractors, and business partners who (i) have a need to know such information; and (ii) have signed confidentiality
agreements containing terms at least as restrictive as those contained herein. Except as permitted under this Agreement, Recipient shall
not disclose or transfer any Confidential Information to any third party, without the specific prior written approval of Disclosing Party.
Recipient shall use Disclosing Party’s Confidential Information disclosed hereunder solely for the purpose of fulfilling such Party’s
obligations and exercising such Party’s rights under this Agreement.

 

	5.	INTELLECTUAL
                                            PROPERTY

 

Section
8.2 of the Original Agreement is hereby amended and restated as follows:

 

8.2
Improvements by GRDG. It is agreed by the Parties that Improvements to Global Intellectual Property by GRDG during the Term of this
Agreement shall be owned by Global, and Improvements by GROG during the Term of this Agreement to Impact Intellectual Property shall
be owned by Impact. Further, it is agreed that all new Discoveries made or created by GRDG during the term of this agreement, funded
by Impact, for and on behalf of Impact, shall be owned by Impact, unless the parties agree in writing to the contrary. The Parties represent
and warrant to each other that each will execute any assignments or other documents necessary to establish ownership as set forth herein
and at no cost.

 

Section
8.3 of the Original Agreement is hereby amended and restated as follows:

 

8.3
New Intellectual Property. All new intellectual property of any kind conceived, created, discovered, owned, made, reduced to practice,
or otherwise developed by GRDG including but not limited to Improvements and Discoveries, that is disclosed in, described in, or relates
to information in a Report, whether or not the subject of a patent application, shall be considered Intellectual Property under this
Agreement and owned by Impact under the condition that it is substantially funded by Impact. All New Intellectual Property of any kind
conceived, created, discovered, owned, made, reduced to practice, or otherwise developed by GROG including but not limited to Improvements
and Discoveries funded by a separate third party, will belong to such funding entity.

 

	6.	TERMINATION

 

Sections
9.2, 9.3 and 9.5 of the Original Agreement are hereby amended and restated as follows:

 

9.2
Termination by GRDG. GRDG may terminate this Amended Agreement at any time upon 60 days written notice to
the other Parties.

 

9.3
Termination by Global or Impact. Global or Impact may terminate this Amended Agreement at any time upon 60
days written notice to the other Parties.

 

    	Page 3

    	 

    

 

9.5
Actions Following Termination. In the event of termination of a Party, GRDG agrees to cooperate reasonably with the other
Parties to execute assignment documents and inventor declarations as necessary for a Party to perfect its rights in Global Intellectual
Property and Impact Intellectual Property.

 

	7.	EXHIBIT
                                            B

 

The
Original, Agreement is hereby amended and restated by deleting Exhibit B in its entirety and replacing it with the Amended
Exhibit B, attached and incorporated into this Amended Agreement by reference.

 

[signature
page follows]

 

    	Page 4

    	 

    

 

IN
WITNESS WHEREOF, each of the undersigned does hereby ratify, confirm and approve this Amended Agreement , and do
hereby assume and agree to be bound by and to perform all of the terms and provisions set forth in this Amended Agreement as
of the Restated Effective Date.

 

	 	GRDG
    SCIENCES, LLC
	 	 	 
	 	By:	
	 	Name:	Daryl
    Thompson
	 	Title:	Managing
    Member

 

	 	GLOBAL
    BIOLIFE, INC.
	 	 	 
	 	By:	
	 	Name:	Frank
    D. Heuszel
	 	Title:	President

 

		IMPACT BIOLIFE SCIENCES, INC.
	 	 	 
	 	By:	
	 	Name:	Frank
    D. Heuszel
	 	Title:	President

 

	 	IMPACT
    BIOLIFE SCIENCES, INC.
	 	 	 
	 	By:	
	 	Name:	Frank
    D. Heuszel
	 	Title:	PresidentExhibit
        4.3

   

  PDS
      Biotechnology Corporation

   

  

  
  
     

  

  
  INDENTURE

   

  Dated
      as of [●]

   

  [●]

   

  Trustee

   

  
  
     

  

  
  

   

  
     

    
      

    

  

  
   

  TABLE
      OF CONTENTS

   

  	 	 	Page
	ARTICLE 1
	DEFINITIONS
	SECTION 1.01.	Certain Terms Defined	1
	SECTION 1.02.	Other Definitions	5
	SECTION 1.03.	Rules of Construction	5
	ARTICLE 2
	SECURITY FORMS
	SECTION 2.01.	Forms Generally	5
	SECTION 2.02.	Guarantees by Guarantor; Form of Guarantee; Release of Guarantee	5
	SECTION 2.03.	Form of Trustee’s Certificate of Authentication	7
	ARTICLE 3
	ISSUE, EXECUTION, FORM AND REGISTRATION OF SECURITIES
	SECTION 3.01.	Amount Unlimited; Issuable in Series	8
	SECTION 3.02.	Authentication and Delivery of Securities	10
	SECTION 3.03.	Execution of Securities	10
	SECTION 3.04.	Certificate of Authentication	10
	SECTION 3.05.	Denomination, Currency and Date of Securities; Payments of Interest	11
	SECTION 3.06.	Global Security Legend	11
	SECTION 3.07.	Registration, Transfer and Exchange	12
	SECTION 3.08.	Book-Entry Provisions for Global Securities	13
	SECTION 3.09.	Mutilated, Defaced, Destroyed, Lost and Stolen Securities	14
	SECTION 3.10.	Cancellation of Securities	14
	SECTION 3.11.	Temporary Securities	15
	SECTION 3.12.	CUSIP and ISIN Numbers	15
	ARTICLE 4
	CERTAIN COVENANTS
	SECTION 4.01.	Payment of Principal, Premium and Interest on Securities	15
	SECTION 4.02.	Maintenance of Office or Agency	15
	SECTION 4.03.	Money for Securities Payments to be Held in Trust	16
	SECTION 4.04.	Existence	16
	SECTION 4.05.	Statement by Officers as to Default	16
	SECTION 4.06.	Waiver of Certain Covenants	17
	ARTICLE 5
	REMEDIES OF THE TRUSTEE AND HOLDERS ON EVENT OF DEFAULT
	SECTION 5.01.	Events of Default	17
	SECTION 5.02.	Acceleration	18
	SECTION 5.03.	Other Remedies	18

   

  
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  TABLE
      OF CONTENTS

   

  (continued)

   

  	 	 	Page
	SECTION 5.04.	Waiver of Past Defaults	19
	SECTION 5.05.	Control by Majority	19
	SECTION 5.06.	Limitation on Suits	19
	SECTION 5.07.	Rights of Holders to Receive Payment	20
	SECTION 5.08.	Collection Suit by Trustee	20
	SECTION 5.09.	Trustee May File Proofs of Claim	20
	SECTION 5.10.	Priorities	20
	SECTION 5.11.	Undertaking for Costs	21
	SECTION 5.12.	Restoration of Rights and Remedies	21
	SECTION 5.13.	Rights and Remedies Cumulative	21
	SECTION 5.14.	Delay or Omission Not Waiver	21
	ARTICLE 6
	THE TRUSTEE
	SECTION 6.01.	Duties and Responsibilities of the Trustee; During Default; Prior to Default	21
	SECTION 6.02.	Certain Rights of the Trustee	22
	SECTION 6.03.	Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof	23
	SECTION 6.04.	Trustee and Agents May Hold Securities; Collections, Etc	23
	SECTION 6.05.	Moneys Held by Trustee	23
	SECTION 6.06.	Notice of Default	24
	SECTION 6.07.	Compensation and Indemnification of Trustee and Its Prior Claim	24
	SECTION 6.08.	Right of Trustee to Rely on Officers’ Certificate, Etc	24
	SECTION 6.09.	Persons Eligible for Appointment as Trustee	24
	SECTION 6.10.	Resignation and Removal; Appointment of Successor Trustee	25
	SECTION 6.11.	Acceptance of Appointment by Successor	26
	SECTION 6.12.	Merger, Conversion, Consolidation or Succession to Business of Trustee	26
	SECTION 6.13.	Preferential Collection of Claims	27
	SECTION 6.14.	Communications with the Trustee	27
	SECTION 6.15.	Paying Agent/Registrar	27
	ARTICLE 7
	CONCERNING THE HOLDERS
	SECTION 7.01.	Evidence of Action Taken by Holders	27
	SECTION 7.02.	Proof of Execution of Instruments and of Holding of Securities; Record Date	28
	SECTION 7.03.	Who May Be Deemed Owners of Securities	28
	SECTION 7.04.	Securities Owned by Company Deemed Not Outstanding	28
	SECTION 7.05.	Record Date for Action by Holders	28
	SECTION 7.06.	Right of Revocation of Action Taken	28
	ARTICLE 8
	MEETINGS OF HOLDERS
	SECTION 8.01.	Purposes for Which Meeting May Be Called	29
	SECTION 8.02.	Manner of Calling Meetings; Record Date	29
	SECTION 8.03.	Call of Meeting by Company or Holders	29

   

  
    - ii - 

    
      

    

  

   

  TABLE
      OF CONTENTS

   

  (continued)

   

  	 	 	Page
	SECTION 8.04.	Who May Attend and Vote at Meeting	30
	SECTION 8.05.	Regulations	30
	SECTION 8.06.	Manner of Voting at Meetings and Record to be Kept	30
	SECTION 8.07.	Exercise of Rights of Trustee and Holders Not to be Hindered or Delayed	31
	ARTICLE 9
	SUPPLEMENTAL INDENTURES
	SECTION 9.01.	Supplemental Indentures Without Consent of Holders	31
	SECTION 9.02.	With Consent of Holders	32
	SECTION 9.03.	Effect of Supplemental Indenture	33
	SECTION 9.04.	Documents to Be Given to Trustee; Compliance with TIA	33
	SECTION 9.05.	Notation on Securities in Respect of Supplemental Indentures	33
	ARTICLE 10
	CONSOLIDATION, MERGER OR SALE OF ASSETS
	SECTION 10.01.	When the Company May Merge, Etc	33
	SECTION 10.02.	Successor Person Substituted	34
	SECTION 10.03.	Opinion of Counsel to Trustee	34
	ARTICLE 11
	REDEMPTION OF SECURITIES
	SECTION 11.01.	Applicability of Article	34
	SECTION 11.02.	Notice of Redemption; Partial Redemptions	34
	SECTION 11.03.	Payment of Securities Called for Redemption	35
	ARTICLE 12
	DEFEASANCE AND COVENANT DEFEASANCE
	SECTION 12.01.	Applicability of the Article; Company’s Option to Effect Defeasance or Covenant Defeasance	35
	SECTION 12.02.	Legal Defeasance and Discharge	36
	SECTION 12.03.	Covenant Defeasance	36
	SECTION 12.04.	Conditions to Legal or Covenant Defeasance	36
	SECTION 12.05.	Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions	37
	SECTION 12.06.	Repayment to the Company or Guarantor	38
	SECTION 12.07.	Reinstatement	38
	ARTICLE 13
	SATISFACTION AND DISCHARGE
	SECTION 13.01.	Satisfaction and Discharge of Indenture	38
	SECTION 13.02.	Application of Trust Money	39

   

  
    - iii - 

    
      

    

  

  TABLE
      OF CONTENTS

   

  (continued)

   

  	 	Page
	ARTICLE 14
	HOLDERS’ LISTS AND REPORTS BY TRUSTEE, COMPANY AND GUARANTORS
	SECTION 14.01.	Company to Furnish Trustee Names and Addresses of Holders	39
	SECTION 14.02.	Preservation of Information; Communications to Holders	39
	SECTION 14.03.	Reports by the Trustee	40
	SECTION 14.04.	Reports by the Company and Guarantors	40
	ARTICLE 15
	MISCELLANEOUS PROVISIONS
	SECTION 15.01.	Incorporators, Stockholders, Members, Partners, Officers, Managers and Directors of Company or any Guarantor Exempt from Individual Liability	41
	SECTION 15.02.	Provisions of Indenture for the Sole Benefit of Parties and Holders	41
	SECTION 15.03.	Successors and Assigns of Company or Guarantor Bound by Indenture	41
	SECTION 15.04.	Notices, Etc., to Trustee, the Company and Guarantors	41
	SECTION 15.05.	Notices to Holders	42
	SECTION 15.06.	Officers’ Certificates and Opinions of Counsel; Statements to Be Contained Therein	42
	SECTION 15.07.	Payments Due on Saturdays, Sundays and Holidays	42
	SECTION 15.08.	Conflict of Any Provision of Indenture with Trust Indenture Act	43
	SECTION 15.09.	Conflict of Any Provision of Securities with Indenture	43
	SECTION 15.10.	New York Law to Govern	43
	SECTION 15.11.	Waiver of Jury Trial	43
	SECTION 15.12.	Consent to Jurisdiction and Service	43
	SECTION 15.13.	Third Party Beneficiaries	43
	SECTION 15.14.	Counterparts	43
	SECTION 15.15.	Effect of Headings, Table of Contents	43
	SECTION 15.16.	No Adverse Interpretation of Other Agreements	43
	SECTION 15.17.	Severability	43
	SECTION 15.18.	Patriot Act Compliance	44
	SECTION 15.19.	Force Majeure	44

   

  
    - iv - 

    
      

    

  

  PDS
      BIOTECHNOLOGY CORPORATION

   

  Reconciliation
      and tie between Trust Indenture Act of 1939, as amended,

   

  and
      this Indenture

   

  	
          Trust
                Indenture Act

          Section

        	 	
          Indenture

          Section

        
	§310(a)(1)	 	6.09
	(a)(2)	 	6.09
	(a)(3)	 	Not Applicable
	(a)(4)	 	Not Applicable
	(a)(5)	 	6.09
	(b)	 	6.04, 6.10
	§311(a)	 	6.13
	(b)	 	6.13
	§312(a)	 	14.01, 14.02(a)
	(b)	 	14.02(b)
	(c)	 	14.02(c)
	§313(a)	 	14.03(a)
	(b)	 	14.03(a)
	(c)	 	14.03(a), 14.03(b)
	(d)	 	14.03(b)
	§314(a)	 	4.05, 14.04
	(b)	 	Not Applicable
	(c)(1)	 	15.06
	(c)(2)	 	15.06
	(c)(3)	 	Not Applicable
	(d)	 	Not Applicable
	(e)	 	15.06
	§315(a)	 	6.01
	(b)	 	6.06, 14.03(a)
	(c)	 	6.01
	(d)	 	6.01
	(e)	 	5.11
	§316(a)(1)(A)	 	5.05
	(a)(1)(B)	 	5.02, 5.04
	(a)(2)	 	Not Applicable
	(b)	 	5.07
	(c)	 	7.02, 8.03
	§317(a)(1)	 	5.08
	(a)(2)	 	5.09
	(b)	 	4.03
	318 (a)	 	15.08

   

  This
      cross-reference table shall not, for any purpose, be deemed to be part of this Indenture.

   

  
     

    
      

    

  

   

  INDENTURE
      dated as of [●] between PDS Biotechnology Corporation, a Delaware corporation (the “Company”), the Guarantors
      (as defined herein) and [●], as trustee (the “Trustee”).

   

  WITNESSETH:

   

  WHEREAS,
      the Company and the Guarantors have duly authorized the execution and delivery of this Indenture to provide for the issuance from
      time to time of its unsecured debentures, notes or other evidences of indebtedness (herein called the “Securities”),
      to be issued in one or more series as in this Indenture provided; and

   

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

   

  NOW,
      THEREFORE:

   

  In
      consideration of the premises and the purchases of the Securities by the Holders thereof, the Company, the Guarantors and the
      Trustee mutually covenant and agree for the equal and proportionate benefit of the respective Holders from time to time of the
      Securities as follows:

   

  ARTICLE
      1

   

  DEFINITIONS

   

  SECTION
      1.01. Certain Terms Defined. The following terms (except as otherwise expressly provided or unless the context otherwise
      clearly requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings
      specified in this Section. All other terms used in this Indenture which are defined in the Trust Indenture Act or the definitions
      of which in the Securities Act are referred to in the Trust Indenture Act (except as herein otherwise expressly provided or unless
      the context otherwise clearly requires), shall have the meanings assigned to such terms in the Trust Indenture Act and in the
      Securities Act as in force at the date of this Indenture. All accounting terms used herein and not expressly defined shall have
      the meanings given to them in accordance with generally accepted accounting principles in the United States (whether or not such
      is indicated herein). 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. The terms defined in
      this Article include the plural as well as the singular.

   

  “Agent
      Members” has the meaning provided in Section 3.08(a).

   

  “Board
      of Directors” means, with respect to any Person, the board of directors or board of managers of such Person, or any authorized
      committee of the board of directors or board of managers of such Person or any officer of such Person duly authorized by the board
      of directors or board of managers of such Person to take a specific action.

   

  “Board
      Resolution” means, with respect to the Company or any Guarantor, a copy of a resolution certified by the Secretary or an
      Assistant Secretary of the Company or such Guarantor, respectively, to have been duly adopted by the Board of Directors of the
      Company or such Guarantor, respectively, and to be in full force and effect on the date of such certification, and delivered to
      the Trustee.

   

  “Business
      Day” means any day except a Saturday, Sunday or other day on which banking institutions or trust companies located in the
      same jurisdiction as the Payment Office specified pursuant to Section 3.01 are authorized or obligated by law or executive order
      to close, except as otherwise specified pursuant to Section 3.01.

   

  “Commission”
      means the United States Securities and Exchange Commission, as 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 Indenture until a successor shall have become
      such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor.

   

  “Company
      Request” or “Company Order” means a written request or order signed in the name of the Company by its Chairman
      of the Board of Directors, its President, its Chief Executive Officer, its Chief Financial Officer, its Treasurer, its Controller,
      its Secretary or an Assistant Secretary, and delivered to the Trustee.

   

  “Corporate
      Trust Office” means the corporate trust office of the Trustee at which the corporate trust business of the Trustee shall,
      at any particular time, be principally administered, which office is, at the date as of which this Indenture is dated, located
      at [●].

   

  “Default”
      means any event that is or with the passage of time or the giving of notice or both would be an Event of Default.

   

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

   

  “Dollar”
      or “$” means a dollar or other equivalent unit in such coin or currency of the United States as at the time shall
      be legal tender for the payment of public and private debt.

   

  “Event
      of Default” means any event or condition specified as such in Section 5.01 which shall have continued for the period of
      time, if any, therein designated.

   

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

   

  “GAAP”
      means generally accepted accounting principles in the United States 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 may be approved by a significant segment of the
      accounting profession of the United States, as in effect from time to time. At any time after the Issue Date with respect to a
      series of Securities, the Company may elect to apply IFRS in lieu of GAAP and, upon any such election, references in this Indenture
      to GAAP shall thereafter be construed to mean IFRS as in effect from time to time. The Company shall give notice of any such election
      to the Trustee.

   

  “Global
      Security” means a Security, and any Guarantees endorsed thereon, evidencing all or part of a series of Securities and the
      corresponding Guarantees, if any, issued to the Depositary for that series in accordance with Section 3.05 and bearing the appropriate
      legend prescribed in Section 3.06.

   

  “Government
      Securities” means direct obligations of, or obligations guaranteed by, the United States of America, and the payment for
      which the United States pledges its full faith and credit.

   

  “Guarantee”
      means with respect to the Securities of any series, the Guarantee with respect to the Securities of such series by the applicable
      Guarantor or Guarantors pursuant to Section 2.02 hereof and a supplemental indenture.

   

  “Guarantor”
      means, with respect to Securities of any series, any of the Company’s direct and indirect Subsidiaries, but only if such
      entity has guaranteed the Company’s obligations under this Indenture and with respect to such series of Securities pursuant
      to Section 2.01 hereof; provided that upon the release and discharge of any Person from its Guarantee in accordance with
      this Indenture or as specified pursuant to Section 3.01, such Person shall cease to be a Guarantor.

   

  “Holder,”
      “Holder of Securities” or other similar terms mean the registered holder of any Security.

   

  
    - 2 - 

    
      

    

  

   

  “IFRS”
      means International Financial Reporting Standards promulgated by the International Accounting Standards Board (or any successor
      board or agency) and as adopted by the European Union, as in effect from time to time.

   

  “Indenture”
      means this indenture as originally executed or 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 and shall include the terms of particular series
      of Securities established as contemplated hereunder.

   

  “Interest
      Payment Date” means, when used with respect to any Security, the Stated Maturity of an installment of interest on such Security.

   

  “Issue
      Date” means, with respect to Securities of a series, the first date on which the Securities of such series are originally
      issued under this Indenture.

   

  “Maturity,”
      means, when used with respect to any Security, 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” has the meaning provided in Section 6.06.

   

  “Officers’
      Certificate” means a certificate signed on behalf of the Company by an officer of the Company (or on behalf of a Guarantor
      by an officer of such Guarantor, as the case may be) that meets the requirements of Section 15.06 hereof.

   

  “Opinion
      of Counsel” means an opinion in writing signed by legal counsel who may be an employee of or counsel to the Company or a
      Guarantor or who may be other counsel satisfactory to the Trustee.

   

  “outstanding”
      means, when used with reference to Securities, subject to the provisions of Article 7, as of any particular time, all Securities
      authenticated and delivered by the Trustee under this Indenture, except

   

  (a)
      Securities theretofore canceled by the Trustee or delivered to the Trustee for cancellation;

   

  (b)
      Securities, or portions thereof, for the payment or redemption of which moneys in the necessary amount shall have been deposited
      in trust with the Trustee or with any Paying Agent (other than the Company or a Guarantor) or shall have been set aside, segregated
      and held in trust by the Company or a Guarantor (if the Company or a Guarantor shall act as Paying Agent); provided that
      if such Securities are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as herein
      provided, or provision satisfactory to a Responsible Officer of the Trustee shall have been made for giving such notice;

   

  (c)
      Securities in substitution for which other Securities shall have been authenticated and delivered, or which shall have been paid,
      pursuant to the terms of Section 3.09 (unless proof satisfactory to the Trustee and the Company is presented that any of such
      Securities is held by a person in whose hands such Security is a legal, valid and binding obligation of the Company); and

   

  (d)
      Securities that have been defeased pursuant to Section 12.01.

   

  “Paying
      Agent” means any Person authorized by the Company to pay the principal of (and premium, if any) and interest, if any, on
      any Securities on behalf of the Company. The Company or a Guarantor may act as Paying Agent with respect to any Securities issued
      hereunder.

   

  “Payment
      Office” means, when used with respect to the Securities of or within any series, the place or places where the principal
      of (and premium, if any) and interest on such Securities are payable as specified pursuant to Section 3.01.

   

  
    - 3 - 

    
      

    

  

  “Person”
      means any individual, corporation, partnership, joint stock company, business trust, trust, unincorporated association, joint
      venture or other entity or organization, including a government or political subdivision or an agency or instrumentality thereof.

   

  “Physical
      Securities” means Securities issued pursuant to Section 3.02 in exchange for interest in the Global Security or pursuant
      to Section 3.08(b) in registered form substantially in the form hereinabove recited.

   

  “Principal
      Amount” means, when used with respect to any Security, the amount of principal of such Security that could then be declared
      due and payable pursuant to Section 5.02.

   

  “Registrar”
      has the meaning provided in Section 3.07.

   

  “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.

   

  “Responsible
      Officer” means, when used with respect to the Trustee, any officer within the Corporate Trust Office of the Trustee including
      any vice president, any trust officer, any assistant vice president, any assistant secretary, any assistant treasurer, or any
      other officer of the Trustee customarily performing 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 his or her knowledge of and familiarity
      with the particular subject and who shall have direct responsibility for the administration of this Indenture.

   

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

   

  “Security”
      or “Securities” means any Security or Securities, as the case may be, authenticated and delivered under this Indenture.

   

  “Security
      Register” has the meaning provided in Section 3.07.

   

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

   

  “Subsidiary”
      means, as applied, with respect to any Person, any corporation, partnership or other legal entity of which, in the case of a corporation,
      more than 50% of the issued and outstanding capital stock having ordinary voting power to elect a majority of the board of directors
      of such corporation (irrespective of whether at the time capital stock of any other class or classes of such corporation has or
      might have voting power upon the occurrence of any contingency), or, in the case of any partnership or other legal entity, more
      than 50% of the ordinary equity capital interests, is at the time directly or indirectly owned or controlled by such Person, by
      such Person and one or more of its other Subsidiaries or by one or more of such Person’s other Subsidiaries.

   

  “Trust
      Indenture Act” means the Trust Indenture Act of 1939, as amended, as in force at the date as of which this Indenture was
      originally executed, and “TIA” means, when used in respect of an indenture supplemental hereto, such Act as in force
      at the time such indenture supplemental hereto becomes effective.

   

  “Trustee”
      means the Person named as the “Trustee” in the first paragraph of this Indenture 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; provided that if at any time there is more than one such Person, “Trustee”
      as used with respect to the Securities of any series shall mean only the Trustee with respect to Securities of that series.

   

  
    - 4 - 

    
      

    

  

   

  SECTION
      1.02. Other Definitions.

   

  	Term	 	Defined in Section
	“Authorized Agent”	 	15.12
	“Covenant Defeasance”	 	12.03
	“Legal Defeasance”	 	12.02
	“Specified Courts”	 	15.12

   

  SECTION
      1.03. Rules of Construction.

   

  Unless
      the context otherwise requires:

   

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

   

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

   

  (c)
      “or” is not exclusive;

   

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

   

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

   

  (f)
      all references in this instrument to Articles and Sections are references to the corresponding Articles and Sections in and of
      this instrument unless the context requires otherwise.

   

  ARTICLE
      2

   

  SECURITY
      FORMS

   

  SECTION
      2.01. Forms Generally. The Securities of each series, and all Guarantees endorsed thereon, if any, shall be in substantially
      the forms as shall be established by or pursuant to a Board Resolution of the Company (and a Board Resolution of each Guarantor
      with respect to the Guarantees, if any) 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 the rules of
      any securities exchange or as may, consistently herewith, be determined by the officers executing such Securities and Guarantees,
      if any, as evidenced by their execution of the Securities and Guarantees. If the form of Securities of any series, and any Guarantees
      endorsed thereon, 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 by the Secretary or Assistant Secretary of the
      Guarantors, if any, and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section 3.02
      for the authentication and delivery of such Securities.

   

  The
      Trustee’s certificate of authentication on all Securities shall be in substantially the form set forth in this Article.

   

  The
      definitive Securities of any series 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. Guarantees by Guarantor; Form of Guarantee; Release of Guarantee.

   

  (a)
      Except as otherwise specified in or pursuant to the Officers’ Certificate or supplemental indenture contemplated by Section
      3.01(b), the provisions of this Section 2.02 will be applicable to any series of Securities that is to be guaranteed by one or
      more Guarantors.

   

  
    - 5 - 

    
      

    

  

   

  (b)
      Each Guarantor by its execution of this Indenture hereby agrees with each Holder of a Security of each series that is guaranteed
      by such Guarantor and authenticated and delivered by the Trustee and with the Trustee on behalf of each such Holder, to be unconditionally
      bound by the terms and provisions of the Guarantee set forth below and authorizes the Trustee to confirm such Guarantee to the
      Holder of each such Security by its execution and delivery of each such Security, with such Guarantee endorsed thereon, authenticated
      and delivered by the Trustee.

   

  Guarantees
      to be endorsed on the Securities shall, subject to this Section 2.02, be in substantially the form set forth below:

   

  GUARANTEE

   

  OF

   

  [GUARANTOR]

   

  For
      value received, [●] (the “Guarantor”) hereby unconditionally and irrevocably guarantees, jointly and severally,
      to the Holder of the Security upon which this Guarantee is endorsed and to the Trustee on behalf of each such Holder the due and
      punctual payment of the principal of, premium, if any, interest and additional amounts, if any, on such Security and the due and
      punctual payment of any sinking fund or analogous payments referred to therein, if any, when and as the same shall become due
      and payable, whether on the Stated Maturity, by declaration of acceleration, call for redemption or otherwise, according to the
      terms thereof and of the Indenture dated as of [●] among PDS Biotechnology Corporation (hereinafter called the “Company,”
      which term includes any successor Person thereto under the Indenture), the Guarantors (as defined therein) and [●], as trustee
      (the “Indenture” and as supplemented by any applicable supplemental indenture, the “Indenture”). In case
      of the failure of the Company punctually to make any such payment of principal, premium, if any, or interest, and additional amounts,
      if any, or any sinking fund or analogous payment, the Guarantor, for so long as this Guarantee shall be in effect, hereby agrees
      to cause any such payment to be made to or to the order of the Trustee punctually when and as the same shall become due and payable,
      whether on the Stated Maturity or by declaration of acceleration, call for redemption or otherwise, and as if such payment were
      made by the Company.

   

  The
      Guarantor hereby agrees, to the extent permitted by law, that its obligations hereunder shall be as if it were the principal debtor
      and not merely surety, and shall be absolute and unconditional, irrespective of, and shall be unaffected by, any invalidity, irregularity
      or unenforceability of such Security or the Indenture, any failure to enforce the provisions of such Security or the Indenture,
      or any waiver, modification or indulgence granted to the Company with respect thereto, by the Holder of such Security or the Trustee
      or any other circumstance which may otherwise constitute a legal or equitable discharge of a surety or guarantor. The Guarantor
      hereby waives, to the extent permitted by law, diligence, presentment, demand of payment, filing of claims with a court in the
      event of merger or bankruptcy of the Company, any right to require a proceeding first against the Company, protest or notice with
      respect to such Security or the indebtedness evidenced thereby or with respect to any sinking fund or analogous payment required
      under such Security and all demands whatsoever, and covenants that this Guarantee will not be discharged except by payment in
      full of the principal of, premium, if any, and interest on such Security or as otherwise described in Section 2.02 of the Indenture.

   

  This
      Guarantee shall be automatically and unconditionally released on the terms set forth in Section 2.02(c) of the Indenture and such
      terms as have been specified pursuant to Section 3.01.

   

  The
      Guarantor shall be subrogated to all rights of the Holder of such Security and the Trustee against the Company in respect of any
      amounts paid to such Holder by the Guarantor pursuant to the provisions of this Guarantee; provided that the Guarantor
      shall not be entitled to enforce, or to receive any payments arising out of or based upon such right of subrogation until the
      principal of, premium, if any, and interest on all Securities of the same series issued under the Indenture shall have been paid
      in full.

   

  The
      Guarantor hereby agrees that its obligations hereunder shall be direct, unconditioned and unsubordinated and will rank equally
      and ratably without preference and at least equally with other senior unsecured and unsubordinated obligations of the Guarantor,
      except to the extent prescribed by law. The Holder of a guaranteed Security will be entitled to payment under the Guarantee without
      taking any action whatsoever against the Company.

   

  
    - 6 - 

    
      

    

  

   

  No
      reference herein to the Indenture and no provision of this Guarantee or of the Indenture shall alter or impair the guarantee of
      the Guarantor, which is absolute and unconditional, of the due and punctual payment of the principal of, premium, if any, and
      interest on, any additional amounts, and any sinking fund or analogous payments with respect to, the Security upon which this
      Guarantee is endorsed.

   

  This
      Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication of such Security shall have
      been manually executed by or on behalf of the Trustee under the Indenture.

   

  All
      terms used in this Guarantee that are defined in the Indenture shall have the meanings assigned to them in the Indenture.

   

  This
      Guarantee shall be governed by and construed in accordance with the laws of the State of New York, but without giving effect to
      applicable principles of conflicts of law to the extent that the application of the law of another jurisdiction would be required
      thereby.

   

  Executed
      and dated the date on the face hereof.

   

  	[GUARANTOR] 
	By:	 
	 	Name:
	 	Title:

   

  (c)
      Release of Guarantee.

   

  (i)
      The Guarantee of a Guarantor relating to a series of Securities shall be released automatically and unconditionally, and such
      Guarantor shall be relieved of all of its obligations under its Guarantee of such Securities, (A) upon defeasance or discharge
      of such series of Securities as provided in Article 12 or Article 13 of this Indenture, (B) if for any reason, such Guarantor
      ceases to be a Subsidiary of the Company, or (C) in connection with any sale, disposition or transfer of all or substantially
      all of the assets of that Guarantor (including by way of merger or consolidation) to a Person that is not (either before or after
      giving effect to such transaction) the Company or a Subsidiary of the Company.

   

  (ii)
      The Guarantee of a Guarantor relating to a series of Securities shall be released automatically and unconditionally, and such
      Guarantor shall be relieved of all of its obligations under its Guarantee of such Securities, in any additional circumstances
      provided in the terms of the Securities of such series established pursuant to Section 3.01 of this Indenture and any relevant
      supplemental indenture.

   

  (iii)
      At such time as a Guarantor’s Guarantee is released with respect to any series of Securities, such Guarantor will no longer
      be considered a “Guarantor” of such series of Securities.

   

  (iv)
      The Trustee shall promptly execute any documents reasonably requested by the Company or applicable Guarantor relating to a series
      of Securities in order to evidence the release of such Guarantor from its obligations under its Guarantee of the Securities of
      such series; provided that the Trustee shall not be obligated to execute or deliver any document evidencing the release
      of a Guarantee pursuant to this Section 2.02(c) unless the Company has delivered an Officers’ Certificate or an Opinion
      of Counsel to the effect that such release is in accordance with the provisions of this Indenture.

   

  SECTION
      2.03. Form of Trustee’s Certificate of Authentication. The Trustee’s certificate of authentication shall be
      substantially in the following form:

   

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

   

  	[____________________________],
	as Trustee

   

  	By:	 
	 	Authorized Signatory

   

  
    - 7 - 

    
      

    

  

   

  ARTICLE
      3

   

  ISSUE,
      EXECUTION, FORM AND REGISTRATION OF SECURITIES

   

  SECTION
      3.01. Amount Unlimited; Issuable in Series.

   

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

   

  (b)
      The Securities may be issued from time to time in one or more series. Prior to the issuance of Securities of any series, there
      shall be established in or pursuant to (i) a Board Resolution of the Company and each Guarantor, if any, of the Securities of
      such series, (ii) action taken pursuant to a Board Resolution and (subject to Sections 3.03 and 3.04) set forth, or determined
      in the manner provided, in an Officers’ Certificate of the Company and each Guarantor, if any, of the Securities of such
      series, or (iii) one or more indentures supplemental hereto:

   

  (1)
      the title of the Securities of the series (which shall distinguish the Securities of the series from all other Securities);

   

  (2)
      whether or not such Securities are to be guaranteed pursuant to Section 2.02 and, if so, the Guarantor or Guarantors thereof;

   

  (3)
      the purchase price, denomination and 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 Sections 3.07, 3.09, 3.11, 9.05 or 11.03);

   

  (4)
      the date or dates on which the principal of and premium, if any, on the Securities of the series is payable or the method of determination
      thereof;

   

  (5)
      the rate or rates at which the Securities of the series shall bear interest, if any, or the method of calculating such rate or
      rates of interest, the date or dates from which such interest shall accrue or the method by which such date or dates shall be
      determined, the Interest Payment Dates on which any such interest shall be payable and the Regular Record Date, if any, for the
      interest payable on any Interest Payment Date;

   

  (6)
      the place or places where the principal of (and premium, if any) and interest, if any, on Securities of the series shall be payable;

   

  (7)
      the place or places where the Securities may be exchanged or transferred;

   

  (8)
      the period or periods within which, the price or prices at which, the currency or currencies (including currency unit or units)
      in which, and the other terms and conditions upon which Securities of the series may be redeemed, in whole or in part, at the
      option of the Company, if the Company is to have that option, and, if other than as provided in Section 11.02, the manner in which
      the particular Securities of such series (if less than all Securities of such series are to be redeemed) are to be selected for
      redemption;

   

  
    - 8 - 

    
      

    

  

   

  (9)
      the obligation, if any, of the Company to redeem or purchase Securities of the series in whole or in part pursuant to any sinking
      fund or analogous provisions or upon the happening of a specified event 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 Securities of the series shall
      be redeemed or purchased, in whole or in part, pursuant to such obligation;

   

  (10)
      if other than denominations of $2,000 and multiples of $1,000 in excess thereof, the denominations in which Securities of the
      series shall be issuable;

   

  (11)
      if other than Dollars, the currency or currencies (including currency unit or units) in which payments of principal of (and premium,
      if any) and interest, if any, on the Securities of the series shall or may by payable, or in which the Securities of the series
      shall be denominated, and the particular provisions applicable thereto;

   

  (12)
      if the payments of principal of (and premium, if any) and interest, if any, on the Securities of the series are to be made, at
      the election of the Company or a Holder, in a currency or currencies (including currency unit or units) other than that in which
      such Securities are denominated or designated to be payable, the currency or currencies (including currency unit or units) in
      which such payments are to be made, the terms and conditions of such payments and the manner in which the exchange rate with respect
      to such payments shall be determined, and the particular provisions applicable thereto;

   

  (13)
      if the amount of payments of principal of (and premium, if any) and interest, if any, on the Securities of the series shall be
      determined with reference to any commodities, currencies or indices, values, rates or prices or any other index, formula or method
      (which index, formula or method may be based, without limitation, on a currency or currencies (including currency unit or units)
      other than that in which the Securities of the series are denominated or designated to be payable), the manner in which such amounts
      shall be determined;

   

  (14)
      if other than the principal amount thereof, the portion of the principal amount of Securities of the series which shall be payable
      upon declaration of acceleration of the Maturity thereof pursuant to Section 5.02 or the method by which such portion shall be
      determined;

   

  (15)
      any modifications of or additions to the Events of Default set forth in Section 5.01 or the covenants of the Company set forth
      in Article 4 or Article 10 with respect to Securities of the series; and whether such additional or modified Events of Default
      or covenants are subject to covenant defeasance pursuant to Section 12.03;

   

  (16)
      if either or both of Section 12.02 and Section 12.03 shall be inapplicable to the Securities of the series ( provided that
      if no such inapplicability shall be specified and the Securities of such series are not convertible into or their value is not
      determined with reference to the Company’s equity securities, then both Section 12.02 and Section 12.03 shall be applicable
      to the Securities of such series; provided further that if no such inapplicability shall be specified and the Securities
      of such series are convertible into or their value is determined with reference to the Company’s equity securities, then
      neither Section 12.02 nor Section 12.03 shall be applicable to the Securities of such series) and any other terms upon which the
      Securities of such series will be defeasible;

   

  (17)
      if other than the Trustee, the identity of the Registrar and any Paying Agent;

   

  (18)
      if the Securities of the series shall be issued in whole or in part in global form, (i) the Depositary for such global Securities,
      (ii) the form of any legend in addition to or in lieu of that in Section 3.06 which shall be borne by such global Security, (iii)
      whether beneficial owners of interests in any Securities of the series in global form may exchange such interests for certificated
      Securities of such series and of like tenor of any authorized form and denomination, and (iv) if other than as provided in Section
      3.08, the circumstances under which any such exchange may occur;

   

  
    - 9 - 

    
      

    

  

  (19)
      if, and the terms and conditions upon which, the Securities of such series may or must be converted into securities of the Company
      or exchanged for securities of the Company or another enterprise; and

   

  (20)
      any other terms of the series or any Guarantees endorsed thereon (which terms shall not adversely affect a prior series of Securities).

   

  All
      Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided
      (i) by a Board Resolution of the Company, (ii) by action taken pursuant to a Board Resolution of the Company and (subject to Sections
      3.02-3.05) set forth, or determined in the manner provided, in an Officers’ Certificate or (iii) in any such indenture supplemental
      hereto. All Securities of any one series need not be issued at the same time and, unless otherwise provided, a series may be reopened,
      without the consent of the Holders, for issuances of additional Securities of such series.

   

  If
      any of the terms of the Securities of any series, and any Guarantees endorsed thereon, are established by action taken pursuant
      to a Board Resolution of the Company and the Guarantors, if any, a copy of an appropriate record of such action shall be certified
      by the Secretary or an Assistant Secretary of the Company and the Guarantors, if any, and delivered to the Trustee at or prior
      to the delivery of the Officers’ Certificate setting forth, or providing the manner for determining, the terms of the Securities
      of such series, and an appropriate record of any action taken pursuant thereto in connection with the issuance of any Securities
      of such series shall be delivered to the Trustee prior to the authentication and delivery thereof.

   

  SECTION
      3.02. Authentication and Delivery of Securities. Upon the execution and delivery of this Indenture, or from time to time
      thereafter, Securities of any series and any Guarantees endorsed thereon may be executed by the Company and the Guarantors, if
      any, and delivered by the Company to the Trustee for authentication, together with a Company Order, and upon delivery to the Trustee
      of all documents and certificates as required by this Indenture, the Trustee shall thereupon, in accordance with such Company
      Order, authenticate and make available for delivery said Securities.

   

  SECTION
      3.03. Execution of Securities. The Securities of each series shall be executed on behalf of the Company, and each of the
      Guarantees, if any, shall be executed on behalf of the applicable Guarantor, by the Chairman of the Board of Directors, the President,
      the Chief Executive Officer, the Chief Financial Officer, the Treasurer, the Controller, the Secretary or any Assistant Secretary
      of the Company or of such Guarantor, as the case may be. The signatures of any of such officers on the Securities or the Guarantees
      may be the manual or facsimile signatures of the present or any future such officers. In case any officer of the Company or of
      each Guarantor, if any, who shall have signed any of the Securities and Guarantees, if any, shall cease to be such officer before
      the Security so signed or to which the Guarantee relates shall be authenticated and delivered by the Trustee or disposed of by
      the Company, such Security nevertheless may be authenticated and delivered or disposed of as though the person who signed such
      Security or Guarantee had not ceased to be such officer of the Company or of such Guarantor, as the case may be; and any Security
      or Guarantee may be signed on behalf of the Company or of a Guarantor, if any, by such persons as shall be the proper officers
      of the Company or of such Guarantor, as the case may be, at the actual date of the execution of such Security or Guarantee even
      though any such person was not such officer at the date of the execution and delivery of this Indenture.

   

  SECTION
      3.04. Certificate of Authentication. Only such Securities or Guarantees endorsed thereon, if any, as shall bear thereon
      a certificate of authentication substantially in the form hereinabove recited, executed by the Trustee by manual signature of
      one of its authorized signatories, shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose.
      Such certificate by the Trustee upon any Security executed by the Company shall be conclusive evidence that the Security so authenticated
      has been duly authenticated and delivered hereunder and that the Holder is entitled to the benefits of this Indenture.

   

  
    - 10 - 

    
      

    

  

  SECTION
      3.05. Denomination, Currency and Date of Securities; Payments of Interest.

   

  (a)
      The Securities shall be issuable in such denominations and currency as shall be specified as contemplated by Section 3.01. In
      the absence of any specification pursuant to Section 3.01 with respect to Securities of any series, the Securities of such series
      shall be denominated in Dollars, issuable only as Securities in denominations of $2,000 and multiples of $1,000 in excess thereof
      and payable only in Dollars. The Securities shall be numbered, lettered, or otherwise distinguished in such manner or in accordance
      with such plans as the officers of the Company executing the same may determine with the approval of the Trustee.

   

  Any
      of the Securities and Guarantees, if any, may be issued with appropriate insertions, omissions, substitutions and variations,
      and may have imprinted or otherwise reproduced thereon such legend or legends, not inconsistent with the provisions of this Indenture,
      as may be required to comply with any law or with any rules or regulations pursuant thereto, including those required by Section
      3.06, or with the rules of any securities market in which the Securities are admitted to trading, or to conform to general usage.

   

  Each
      Security shall be dated the date of its authentication, shall bear interest from the applicable date and shall be payable on the
      dates specified on the face of the form of Security above. 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.

   

  (b)
      Global Securities. If Securities of or within a series are issuable in whole or in part in global form, then any such Security
      of such series shall be deposited with the Trustee as custodian for the Depositary and registered in the name of Cede & Co.,
      as nominee for the Depositary. The Global Security shall be deposited on behalf of the purchasers of the Securities represented
      thereby with the Trustee, as custodian for the Depositary (or with such other custodian as the Depositary may direct), and registered
      in the name of the Depositary or a nominee of the Depositary, duly executed by the Company and each Guarantor, if any, and authenticated
      by the Trustee as hereinafter provided. The aggregate principal amount of the Global Securities may from time to time be increased
      or decreased by adjustments made on the records of the Trustee and the Depositary or its nominee as hereinafter provided.

   

  (c)
      The person in whose name any Security is registered at the close of business on any Regular Record Date with respect to any Interest
      Payment Date shall be entitled to receive the interest, if any, payable on such Interest Payment Date notwithstanding any transfer
      or exchange of such Security subsequent to the Regular Record Date and prior to such Interest Payment Date, except if and to the
      extent the Company or a Guarantor, if any, shall default in the payment of the interest due on such Interest Payment Date, in
      which case such defaulted interest, plus (to the extent lawful) any interest payable on the defaulted interest, shall be paid
      to the persons in whose names outstanding Securities are registered at the close of business on a subsequent record date (which
      shall be not less than five Business Days prior to the date of such payment) established by notice given by mail by or on behalf
      of the Company or such Guarantor to the Holders of Securities not less than 15 calendar days preceding such subsequent record
      date.

   

  SECTION
      3.06. Global Security Legend. Any Security in global form authenticated and delivered hereunder shall bear a legend in
      substantially the following form, or in such other form as may be necessary or appropriate to reflect the arrangements with or
      to comply with the requirements of any Depositary:

   

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

   

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

   

  
    - 11 - 

    
      

    

  

  TRANSFERS
      OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF THE DEPOSITORY TRUST COMPANY OR
      TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE.

   

  SECTION
      3.07. Registration, Transfer and Exchange. The Securities are issuable only in registered form. The Company will keep at
      each office or agency (the “Registrar”) for each series of Securities a register or registers (the “Security
      Register(s)”) in which, subject to such reasonable regulations as it may prescribe, it will register, and will register
      the transfer of Securities as provided in this Article. Such Security Register or Security Registers shall be in written form
      in the English language or in any other form capable of being converted into such form within a reasonable time. At all reasonable
      times such Security Register or Security Registers shall be open for inspection by the Trustee. The initial Registrar shall be
      the Trustee.

   

  Upon
      due presentation for registration of transfer of any Security of any series at each such office or agency, the Company shall execute
      a new Security or Securities of the same series, in each case, of any authorized denominations and of a like aggregate Principal
      Amount in the name of the designated transferee or transferees, the applicable Guarantors, if any, shall execute the Guarantees
      endorsed thereon and, upon receipt of a Company Order, the Trustee shall authenticate and make available for delivery such Securities.

   

  At
      the option of the Holder, Securities of any series (except a Security in global form) may be exchanged for other Securities of
      the same series, of any authorized denominations and of a like aggregate Principal Amount and Stated Maturity, 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 the Securities which the Holder making the exchange is entitled to receive, the applicable Guarantors, if any, shall
      execute the Guarantees endorsed thereon and, upon receipt of a Company Order, the Trustee shall authenticate and make available
      for delivery such Securities.

   

  A
      Holder may transfer a Security only by written application to the Registrar 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 Security Register. Prior
      to the registration of any transfer by a Holder as provided herein, the Company, the Guarantors, if any, and the Trustee or any
      of their respective agents 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 Guarantors, if any, 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 Depository (or its nominee) 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 a co-Registrar 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 the requirements for such transactions set forth herein are met. To
      permit registrations of transfers and exchanges, the Company shall execute the Securities, the applicable Guarantors, if any,
      shall execute the Guarantees endorsed thereon and the Trustee shall authenticate Securities at the Registrar’s request.

   

  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 exchange or registration of transfer of Securities (other than any such transfer taxes or other similar governmental
      charge payable upon exchanges pursuant to Section 3.11, 9.05 or 11.03). No service charge to any Holder shall be made for any
      such transaction.

   

  The
      Company shall not be required to exchange or register a transfer of (a) any Securities of any series for a period of 15 calendar
      days next preceding the first mailing of notice of redemption of Securities of that series to be redeemed, or (b) any Securities
      of any series selected, called or being called for redemption except, in the case of any Security of any series where public notice
      has been given that such Security is to be redeemed in part, the portion thereof not so to be redeemed.

   

  
    - 12 - 

    
      

    

  

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

   

  SECTION
      3.08. Book-Entry Provisions for Global Securities.

   

  (a)
      Each Global Security initially shall (i) be registered in the name of the Depositary for such Global Securities or the nominee
      of such Depositary, (ii) be delivered to the Trustee as custodian for such Depositary and (iii) bear legends as set forth in Section
      3.06.

   

  Members
      of, or participants in, the Depositary (“Agent Members”) shall have no rights under this Indenture with respect to
      any Global Security held on their behalf by the Depositary, or the Trustee as its custodian, or under the Global Security, and
      the Depositary may be treated by the Company, each Guarantor, if any, the Trustee and any of their respective agents as the absolute
      owner of such Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company,
      each such Guarantor, the Trustee or any of such agents from giving effect to any written certification, proxy or other authorization
      furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices governing
      the exercise of the rights of a holder of any Security.

   

  (b)
      Transfers of a Global Security shall be limited to transfers of such Global Security in whole, but not in part, to the Depositary
      for such series, its successors or their respective nominees. The Company may at any time and in its sole discretion determine
      that the Securities of a series issued in the form of one or more Global Securities shall no longer be represented by such Global
      Securities. In such event, the Company will execute Securities of such series of like tenor and terms in definitive form in an
      aggregate Principal Amount equal to the Principal Amount of the Global Security or Securities of such series, the applicable Guarantors,
      if any, shall execute the Guarantees endorsed thereon and the Trustee, upon receipt of a Company Order, will authenticate and
      deliver such definitive Securities in exchange for such Global Security or Securities. Interests of beneficial owners in a Global
      Security may be transferred in accordance with the rules and procedures of the Depositary.

   

  In
      addition, Physical Securities shall be transferred to all beneficial owners identified by the Depositary in exchange for their
      beneficial interests in a Global Security, if (i) the Depositary (A) notifies the Company that it is unwilling or unable to continue
      as Depositary for such Global Security, and a successor depositary is not appointed by the Company within 90 calendar days of
      such notice, or (B) ceases to be qualified to serve as Depositary and a successor depositary is not appointed by the Company within
      90 calendar days of such notice, (ii) the Company executes and delivers to the Trustee a Company Order that such Global Security
      shall be so transferable, registrable and exchangeable, and such transfers shall be registrable, or (iii) an Event of Default
      of which the Trustee has actual notice has occurred and is continuing and the Registrar has received a request from a beneficial
      owner to issue such Physical Securities, and if the Trustee is the Registrar, a Company Order or written confirmation from the
      Depositary identifying the beneficial owner.

   

  (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 the other Global Security will, upon transfer, cease to be an interest in such Global Security and become an interest in the
      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)
      In connection with any transfer of a portion of the beneficial interests in a Global Security to beneficial owners pursuant to
      paragraph (b) of this Section 3.08, 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 make available for delivery, one or more
      Physical Securities of like tenor and amount.

   

  (e)
      In connection with the transfer of an entire Global Security to beneficial owners pursuant to paragraph (b) of this Section, such
      Global Security shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and upon receipt
      of a Company Order the Trustee shall authenticate and deliver, to each beneficial owner identified by the Depositary in exchange
      for its beneficial interest in such Global Security, an equal Principal Amount of Physical Securities of authorized denominations.

   

  
    - 13 - 

    
      

    

  

  (f)
      The registered holder of a Global Security may grant proxies and otherwise authorize any person, including Agent Members and persons
      that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the
      Securities of such series.

   

  SECTION
      3.09. Mutilated, Defaced, Destroyed, Lost and Stolen Securities. In case any temporary or definitive Security shall become
      mutilated, defaced or be apparently destroyed, lost or stolen, the Company in its discretion may execute a new Security of the
      same series bearing a number not contemporaneously outstanding, the applicable Guarantors, if any, shall execute the Guarantees
      endorsed thereon and, upon the written request of any officer of the Company and delivery to the Trustee of all documents and
      certificates as required by this Indenture, the Trustee shall authenticate and make available for delivery such Security, in exchange
      and substitution for the mutilated or defaced Security, or in lieu of and substitution for the Security so apparently destroyed,
      lost or stolen. In every case the applicant for a substitute Security shall furnish to the Company, each Guarantor, if any, the
      Trustee and any of their respective agents, such security or indemnity as may be required by each of them to indemnify and defend
      and to save each of them harmless and, in every case of destruction, loss or theft evidence to their satisfaction of the apparent
      destruction, loss or theft of such Security and of the ownership thereof.

   

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

   

  Every
      substitute Security and the Guarantee endorsed thereon, if any, issued pursuant to the provisions of this Section by virtue of
      the fact that any Security is apparently destroyed, lost or stolen shall constitute an additional contractual obligation of the
      Company and any Guarantor, as applicable, whether or not the apparently destroyed, lost or stolen Security shall be at any time
      enforceable by anyone and shall be entitled to all the benefits of (but shall be subject to all the limitations of rights set
      forth in) this Indenture equally and proportionately with any and all other Securities and the Guarantees endorsed thereon, if
      any, duly authenticated and delivered hereunder. All Securities shall be held and owned upon the express condition that, to the
      extent permitted by law, with respect to the holder of a substitute Security, the foregoing provisions are exclusive with respect
      to the replacement or payment of mutilated, defaced, or apparently destroyed, lost or stolen Securities and shall preclude any
      and all other rights or remedies notwithstanding any law or statute existing or hereafter enacted to the contrary with respect
      to the replacement or payment of negotiable instruments or other securities without their surrender.

   

  SECTION
      3.10. Cancellation of Securities. All Securities surrendered for payment, redemption, registration of transfer or exchange,
      if surrendered to the Company, any Guarantor, the Trustee or any of their respective agents, shall be delivered to the Trustee
      for cancellation or, if surrendered to the Trustee, shall be cancelled by it; and no Securities shall be issued in lieu thereof
      except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of cancelled Securities in
      accordance with its customary procedures. If the Company or any Guarantor shall acquire any of the Securities, such acquisition
      shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same
      are delivered to the Trustee for cancellation.

   

  
    - 14 - 

    
      

    

  

  SECTION
      3.11. Temporary Securities. Pending the preparation of definitive Securities of any series, the Company may execute and
      the Trustee shall authenticate and make available for delivery temporary Securities of such series (printed, lithographed, typewritten
      or otherwise reproduced, in each case in form satisfactory to the Trustee). Temporary Securities shall be issuable as registered
      Securities of such series without coupons, of any authorized denomination, and substantially in the form of the definitive Securities
      of such series, and if the Securities are to be guaranteed, having endorsed thereon the Guarantees executed by each Guarantor,
      but in all cases with such appropriate omissions, insertions and variations as may be appropriate for temporary Securities, all
      as may be determined by the Company and the Guarantors, if any, with the concurrence of the Trustee. Temporary Securities may
      contain such reference to any provisions of this Indenture as may be appropriate. Every temporary Security shall be executed by
      the Company and endorsed by each Guarantor, if any, and be authenticated by the Trustee upon the same conditions and in substantially
      the same manner, and with like effect, as the definitive Securities of such series. Without unreasonable delay the Company shall
      execute and shall furnish definitive Securities of such series and thereupon temporary Securities of such series may be surrendered
      in exchange therefor without charge at each office or agency to be maintained by the Company for the purpose pursuant to Section
      4.02, and upon delivery to the Trustee of all documents and certificates as required by this Indenture, the Trustee shall authenticate
      and make available for delivery in exchange for such temporary Securities a like aggregate principal amount of definitive Securities
      of such series of authorized denominations, and if the Securities are guaranteed, having endorsed thereon the Guarantees executed
      by each Guarantor. Until so exchanged the temporary Securities of such series shall be entitled to the same benefits under this
      Indenture as definitive Securities of such series.

   

  SECTION
      3.12. CUSIP and ISIN Numbers. The Company in issuing the Securities of any series may use a “CUSIP” and “ISIN”
      number (if then generally in use), and, if so, the Trustee shall use the CUSIP numbers or ISIN numbers, as the case may be, in
      notices of redemption or exchange as a convenience to Holders of such series; 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
      notice of redemption or exchange 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 or ISIN numbers.

   

  ARTICLE
      4

   

  CERTAIN
      COVENANTS

   

  SECTION
      4.01. Payment of Principal, Premium and Interest on Securities. The Company, for the benefit of each series of the Securities,
      will duly and punctually pay or cause to be paid the principal of and any premium and interest on the Securities of that series
      in accordance with the terms of such Securities and this Indenture.

   

  SECTION
      4.02. Maintenance of Office or Agency. The Company will maintain a Payment Office where Securities may be presented or
      surrendered for payment, where 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 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 initially
      appoints the Trustee at its office or agency 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
      that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or
      agency in accordance with the requirements set forth above 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.

   

  
    - 15 - 

    
      

    

  

  SECTION
      4.03. Money for Securities Payments to be Held in Trust.

   

  (a)
      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.

   

  (b)
      Whenever the Company shall have one or more Paying Agents for any series of Securities, it will, prior to each due date of the
      principal of or any premium or interest on any Securities of that series, 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.

   

  (c)
      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 will agree with the Trustee, subject to the provisions of this Section 4.03, that such
      Paying Agent will (i) comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent; (ii) hold all
      sums held by it for the payment of the principal of (and premium, if any) or interest, if any, on the Securities of that series
      in trust for the benefit of the Holders until such sums shall be paid to such Holders or otherwise disposed of as herein provided;
      (iii) give the Trustee notice of any Default by the Company or any Guarantor (or any other obligor upon the Securities) in the
      making of any payment of principal (and premium, if any) or interest, if any, on the Securities of that series; and (iv) during
      the continuance of any Default by the Company (or any other obligor upon the Securities of that series) in the making of any payment
      in respect of the Securities of that series, and upon the written request of that 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.

   

  (d)
      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 will be released from all further liability
      with respect to such money.

   

  (e)
      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 and was deposited with the Paying Agent will be paid to the Company upon a Company Request
      (or, if then held by the Company, will be discharged from such trust) subject to any applicable abandoned property law; and the
      Holder of such Security will 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 will thereupon cease.

   

  SECTION
      4.04. Existence. Subject to Article 10, the Company will do or cause to be done all things necessary to preserve and keep
      in full force and effect its existence and rights (charter and statutory); provided that the Company will not be required
      to preserve any such right or franchise if the Board of Directors determines that the preservation thereof is no longer desirable
      in the conduct of the business of the Company and that the loss thereof will not be disadvantageous in any material respect to
      the Holders.

   

  SECTION
      4.05. Statement by Officers as to Default. The Company and, to the extent required by the TIA, each Guarantor, if any,
      will deliver to the Trustee, within 120 calendar days after the end of each fiscal year of the Company ending after the first
      date any series of Securities issued under this Indenture is outstanding, a certificate signed by the principal executive officer,
      principal financial officer or principal accounting officer of the Company or such Guarantor stating whether or not to the knowledge
      of such person after due inquiry the Company or such Guarantor 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 or such Guarantor is in default, specifying all such defaults and the nature and status thereof of which such
      person may have such knowledge. The Company or such Guarantor shall deliver to the Trustee, as soon as possible and in any event
      within seven calendar days after any such aforementioned officer of the Company or such Guarantor becomes aware of the occurrence
      of any Event of Default or an event which, with notice or the lapse of time or both, would constitute an Event of Default, an
      Officers’ Certificate setting forth the details of such Event of Default or default and the action which the Company or
      such Guarantor proposes to take with respect thereto.

   

  

  
    - 16 - 

    
      

    

  

  SECTION
      4.06. Waiver of Certain Covenants. The Company and each Guarantor, if any, may omit in any particular instance to comply
      with any term, provision, or condition set forth in this Indenture or any applicable supplemental indenture, with respect to the
      Securities of any series, if the Holders of a majority in Principal Amount of all outstanding Securities of such series shall,
      by act of such Holders in accordance with Section 7.01, either waive such compliance in such instance or generally waive compliance
      with such term, provision, or condition in accordance with Article 9 and Section 5.07, but no such waiver will 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 such Guarantor and the duties of the Trustee in respect of any such term, provision, or condition
      will remain in full force and effect.

   

  ARTICLE
      5

   

  REMEDIES
      OF THE TRUSTEE AND HOLDERS ON EVENT OF DEFAULT

   

  SECTION
      5.01. Events of Default. Each of the following events constitutes an “Event of Default” wherever used herein
      with respect to Securities of any series:

   

  (a)
      default for 30 calendar days in the payment when due of interest on the Securities of that series;

   

  (b)
      default in payment when due of the principal (whether at Stated Maturity, upon redemption (if applicable), upon any required repurchase
      by the Company (if applicable) or otherwise) of or premium, if any, on the Securities of that series;

   

  (c)
      default by the Company or any Guarantor of such series of Securities in the observance or performance of any other covenant or
      agreement contained in this Indenture or as specified pursuant to Section 3.01 (other than a default referred to in clauses (a)
      or (b) above, or an agreement, covenant or provision that has expressly been included in this Indenture solely for the benefit
      of one or more series of Securities other than that series) which default continues for a period of 60 calendar days after the
      Company or such Guarantor receives written notice specifying the default (and demanding that such default be remedied) from the
      Trustee or the Holders of at least 25% of the Principal Amount of Securities of that series then outstanding (with a copy to the
      Trustee if given by Holders) (except in the case of a default with respect to Section 10.01 of this Indenture, which will constitute
      an Event of Default with such notice requirement but without such passage of time requirement).

   

  (d)
      the entry by a court having jurisdiction in the premises of (i) a decree or order for relief in respect of the Company or a Guarantor
      of such series of Securities in an involuntary case or proceeding under any applicable federal or state bankruptcy, insolvency,
      reorganization, or other similar law or (ii) a decree or order adjudging the Company or such Guarantor bankrupt or insolvent,
      or approving as properly filed a petition seeking reorganization, arrangement, adjustment, or composition of or in respect of
      the Company or such Guarantor under any applicable federal or state law, or appointing a custodian, receiver, liquidator, assignee,
      trustee, sequestrator, or other similar official of the Company or such Guarantor 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 60 consecutive calendar days;

   

  
    - 17 - 

    
      

    

  

  (e)
      the commencement by the Company or a Guarantor of such series of Securities 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
      bankrupt or insolvent, or the consent by it to the entry of a decree or order for relief in respect of the Company or such Guarantor
      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 or relief with respect to the Company or such Guarantor under any applicable federal
      or state bankruptcy, insolvency, reorganization, or other similar 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 or such Guarantor or of any substantial part of its property pursuant to any such law, 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 or such Guarantor in furtherance of any such action;

   

  (f)
      any Guarantee relating to such series Securities shall cease to be in full force and effect (other than in accordance with the
      terms of this Indenture) or any Guarantor denies or disaffirms its obligations under its Guarantee; or

   

  (g)
      any other Event of Default with respect to Securities of that series as specified pursuant to Section 3.01, which shall not have
      been remedied within the specified period after written notice, as specified in Section 5.01(c).

   

  SECTION
      5.02. Acceleration.

   

  (a)
      If any Event of Default (other than an Event of Default specified in clause (d) or (e) of Section 5.01) occurs and is continuing
      with respect to Securities of any series, the Trustee by written notice to the Company or the Holders of at least 25% in aggregate
      Principal Amount of the then outstanding Securities of that series by written notice to the Company and the Trustee, may declare
      the unpaid principal of, premium, if any, and any accrued and unpaid interest on all the Securities of the affected series to
      be due and payable immediately. Except as set forth above, upon such declaration the principal of, premium, if any, and interest
      shall be due and payable immediately. If an Event of Default specified in clause (d) or (e) of Section 5.01 occurs with respect
      to the Company or any Guarantor, the unpaid principal of, premium, if any, and any accrued and unpaid interest on all the Securities
      shall ipso facto become and be immediately due and payable without further action or notice on the part of the Trustee
      or any Holder.

   

  (b)
      At any time after such a declaration of acceleration with respect to the Securities of any series has been made and before a judgment
      or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article 5 provided, the Holders
      of a majority in Principal Amount of the outstanding Securities of such series, by written notice to the Company and the Trustee,
      may rescind and annul such declaration and its consequences if (i) the Company or a Guarantor has paid or deposited with the Trustee
      a sum sufficient to pay (A) all overdue interest on all of the Securities of that series, (B) the principal of (and premium, if
      any, on) Securities of that series which has become due otherwise than by such declaration of acceleration and any interest thereon
      at the rate or rates prescribed therefor in the Securities of that series, (C) to the extent that payment of such interest is
      lawful, interest upon overdue interest at the rate or rates prescribed therefor in the Securities of that series, and (D) all
      sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee
      and its agents and counsel and (ii) all Events of Default with respect to the Securities of that series, other than the non-payment
      of the principal of the Securities of that series which have become due solely by such declaration of acceleration, have been
      cured or waived as provided in Section 5.04. No such rescission will affect any subsequent default or impair any right consequent
      thereon.

   

  SECTION
      5.03. Other Remedies. If an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee
      may pursue any available remedy to collect the payment of principal or interest on the Securities of such series or to enforce
      the performance of any provision of the Securities of such series or this Indenture.

   

  The
      Trustee may maintain a proceeding even if it does not possess any of the Securities of such series or does not produce any of
      them in the proceeding and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express
      trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements
      and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of
      which such judgment has been recovered. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing
      upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default.
      All remedies are cumulative to the extent permitted by law.

   

  
    - 18 - 

    
      

    

  

  SECTION
      5.04. Waiver of Past Defaults. The Holders of not less than a majority in aggregate Principal Amount of the Securities
      of any series then outstanding by written notice to the Trustee may on behalf of the Holders of all of the Securities of such
      series waive any existing Default or Event of Default and its consequences under this Indenture except a continuing Default or
      Event of Default in the payment of the principal (whether at Stated Maturity, upon redemption (if applicable), upon any required
      repurchase by the Company (if applicable) or otherwise) of (and premium, if any) or interest, if any, on any Security of such
      series or, in the case of the Securities of any series that are convertible or exchangeable, in the payment or delivery of any
      consideration due upon conversion or exchange of the Securities of that series (if applicable). The Company may, but shall not
      be obligated to, fix a record date for the purpose of determining the Persons entitled to waive any past Default hereunder. If
      a record date is fixed, the Holders on such record date, or their duly designated proxies, and only such Persons, shall be entitled
      to waive any Default hereunder, whether or not such Holders remain Holders after such record date. 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
      5.05. Control by Majority. With respect to the Securities of any series, the Holders of a majority in aggregate Principal
      Amount of the then outstanding Securities of that series 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 conflicts with law or this Indenture, that the Trustee in good faith determines may be unduly prejudicial to
      the rights of other Holders of that series or that may involve or cause the Trustee any potential liability. The Trustee may take
      any other action which it deems proper which is not inconsistent with any such direction.

   

  SECTION
      5.06. Limitation on Suits. A Holder of any Security of any series may pursue a remedy with respect to this Indenture or
      the Securities of the applicable series only if:

   

  (a)
      the Holder gives to the Trustee written notice of a continuing Event of Default with respect to that series;

   

  (b)
      the Holders of at least 25% in aggregate Principal Amount of the then outstanding Securities of that series make a written request
      to the Trustee to pursue the remedy;

   

  (c)
      such Holder or Holders provide to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense in
      connection with the pursuance of such remedy;

   

  (d)
      during the 60-day period specified in (e) below, the Holders of a majority in aggregate Principal Amount of the then outstanding
      Securities of such series do not give the Trustee a direction inconsistent with the request; and

   

  (e)
      the Trustee does not comply with the request within 60 calendar days after receipt of the notice, request and the offer of indemnity.

   

  Holders
      shall not have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture or any Security
      to affect, disturb or prejudice the rights of any other such Holders or Holders of Securities of any other series, or to obtain
      or to seek to obtain priority or preference over any other Holders or to enforce any right under this Indenture, except in the
      manner herein provided and for the equal and ratable benefit of all such Holders.

   

  
    - 19 - 

    
      

    

  

  SECTION
      5.07. Rights of Holders to Receive Payment. Notwithstanding any other provision of this Indenture, the right of any Holder
      to receive payment of principal (whether at Stated Maturity, upon redemption (if applicable), upon any required repurchase by
      the Company (if applicable) or otherwise) of (and premium, if any) and interest, if any, on any Security or, if applicable, payment
      or delivery of any consideration due upon conversion or exchange of any Security, in each case, on or after the respective due
      dates expressed in such Security, or to bring suit for the enforcement of any such payment or delivery on or after such respective
      dates, shall not be impaired or affected without the consent of the Holder.

   

  SECTION
      5.08. Collection Suit by Trustee. If an Event of Default specified in Sections 5.01(a) and 5.01(b) occurs and is continuing,
      the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Company, any Guarantor
      or any other obligor for the whole amount of principal (and premium, if any) and interest, if any, remaining unpaid on any Securities
      of such series and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient
      to cover amounts due the Trustee under Section 6.07 hereof, including the costs and expenses of collection, including the reasonable
      compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.

   

  SECTION
      5.09. Trustee May File Proofs of Claim. The Trustee is authorized to file such proofs of claim and other papers or documents
      as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation,
      expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders allowed in any judicial proceedings
      relative to the Company or any Guarantor (or any other obligor upon the Securities), its creditors or its property and shall be
      entitled and empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims
      and any custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and
      in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any
      amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel,
      and any other amounts due the Trustee under Section 6.07 hereof. To the extent that the payment of any such compensation, expenses,
      disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 6.07 hereof
      out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a lien on, and
      shall be paid out of, any and all distributions, dividends, money, securities and other properties which the Holders may be entitled
      to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing
      herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder
      any plan of reorganization, arrangement, adjustment or composition affecting the Securities of any series or the rights of any
      Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

   

  SECTION
      5.10. Priorities. If the Trustee collects any money pursuant to this Article, it shall pay out the money in the following
      order:

   

  First:
      to the Trustee, its agents and attorneys for amounts due under Section 6.07, 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 for amounts due and unpaid on the Securities of any series for principal (and premium, if any) and interest, if any,
      ratably, without preference or priority of any kind, according to the amounts due and payable on the Securities of such series
      for principal (and premium, if any) and interest, if any, respectively; and

   

  Third:
      to the Company or, to the extent the Trustee collects any amount pursuant to Section 2.02 hereof from a Guarantor, to such Guarantor,
      or to such party as a court of competent jurisdiction shall direct.

   

  The
      Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 5.10 upon seven calendar days
      prior notice to the Company.

   

  
    - 20 - 

    
      

    

  

  SECTION
      5.11. 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 5.11 does not apply to a suit by the
      Trustee, a suit by a Holder of Securities of the affected series pursuant to Section 5.07 hereof, a suit by Holders of more than
      10% in aggregate Principal Amount of the then outstanding Securities of any series in the case of any suit relating to or arising
      under clause (a), (b), (c), (f) or (g) of Section 5.01, or a suit by Holders of more than 10% in aggregate Principal Amount of
      the then outstanding Securities of all series in the case of any suit relating to or arising under clause (d) or (e) of Section
      5.01.

   

  SECTION
      5.12. Restoration of Rights and Remedies. If the Trustee or any Holder has instituted any proceeding to enforce any right
      or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely
      to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, any
      Guarantor, 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 has been instituted.

   

  SECTION
      5.13. 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 3.09, 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
      5.14. Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder of Securities of any series 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.

   

  ARTICLE
      6

   

  THE
      TRUSTEE

   

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

   

  No
      provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent
      failure to act or its own willful misconduct, provided that:

   

  (a)
      the duties and obligations of the Trustee shall be determined solely by the express provisions of this Indenture, and the Trustee
      shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture,
      and no implied covenants or obligations shall be read into this Indenture against the Trustee;

   

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

   

  
    - 21 - 

    
      

    

  

  (c)
      the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it shall be conclusively
      determined by a court of competent jurisdiction or by such other means as may be agreed by the Company and the Trustee at the
      time of determination that the Trustee was negligent in ascertaining the pertinent facts; and

   

  (d)
      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
      a Company Order or the direction of the Holders given as provided in Section 5.05 or otherwise exercising any trust or power conferred
      upon the Trustee, under this Indenture.

   

  None
      of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any
      potential or actual liability (financial or otherwise) in the performance of any of its duties or in the exercise of any of its
      rights or powers, if there shall be reasonable ground for believing that the repayment of such funds or adequate indemnity against
      such liability is not assured to it. This Section 6.01 is in furtherance of and subject to Sections 315 and 316 of the Trust Indenture
      Act.

   

  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 Article 6.

   

  SECTION
      6.02. Certain Rights of the Trustee. In furtherance of and subject to the Trust Indenture Act, and subject to Section 6.01:

   

  (a)
      the Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any resolution, Officers’
      Certificate, Opinion of Counsel or any other certificate, statement, instrument, opinion, report, notice, request, consent, order,
      bond, debenture, note, coupon, security 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 an Officers’
      Certificate (unless other evidence in respect thereof be herein specifically prescribed) and the Trustee may request and be entitled
      to receive an Officers’ Certificate before acting or refraining from acting with respect to such request, direction, order
      or demand; and any resolution of the Board of Directors of the Company or a Guarantor, if any, may be evidenced to the Trustee
      by a copy thereof certified by the Secretary or an Assistant Secretary of the Company or that Guarantor;

   

  (c)
      the Trustee may consult with counsel of its selection and any advice or Opinion of Counsel shall be full and complete authorization
      and protection in respect of any action taken, suffered or omitted to be taken by it hereunder in good faith and in accordance
      with such advice or Opinion of Counsel;

   

  (d)
      the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request,
      order or direction of any of the Holders of the Securities of any series pursuant to the provisions of this Indenture, unless
      such Holders shall have offered and provided to the Trustee security or indemnity satisfactory to it against the costs, expenses
      and liabilities which might be incurred therein or thereby;

   

  (e)
      the Trustee shall not be liable for any action taken or omitted by it in good faith and believed by it to be authorized or within
      the discretion, rights or powers conferred upon it by this Indenture;

   

  (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, consent, order, approval, appraisal, bond, debenture, note, coupon, security, or
      other paper or document unless requested in writing so to do by the Holders of not less than a majority in aggregate Principal
      Amount of the Securities of any series then outstanding; provided that, if the payment within a reasonable time to the
      Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion
      of the Trustee, not assured to the Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require
      (and shall not be required to make such investigation unless it receives) indemnity satisfactory to it against such expenses or
      liabilities as a condition to proceeding; the reasonable expenses of every such examination shall be paid by the Company;

   

  
    - 22 - 

    
      

    

  

  (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 not regularly in its employ and the Trustee shall not be responsible for any misconduct or negligence on the
      part of any such agent or attorney appointed with due care by it hereunder;

   

  (h)
      the rights, privileges, protections, immunities and benefits given to the Trustee under this Indenture, 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 and the employees, officers and directors of the Trustee;

   

  (i)
      the Trustee shall not be deemed to have knowledge of any Default or Event of Default unless a Responsible Officer of the Trustee
      has received from a Holder, the Company or any Guarantor written notice of any event which is in fact such a Default or Event
      of Default, as the case may be, and such notice references the Securities, this Indenture, the circumstances giving rise to such
      a Default or Event of Default and that the same has occurred and is continuing; and

   

  (j)
      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.

   

  SECTION
      6.03. Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof. 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 the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representation
      as to the validity or sufficiency of this Indenture or of the Securities, except that the Trustee represents, that it is duly
      authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder and that the
      statements made by it in a Statement of Eligibility on Form T-1 supplied to the Company, are true and accurate, subject to the
      qualifications set forth therein. The Trustee shall not be liable or accountable in any manner for the use or application by the
      Company of any of the Securities or of the proceeds thereof.

   

  SECTION
      6.04. Trustee and Agents May Hold Securities; Collections, Etc. The Trustee or any of its affiliates or any agent of the
      Company or the Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities, subject to Sections
      6.10 and 6.13 with the same rights it would have if it were not the Trustee or such agent and may otherwise deal with the Company,
      any Guarantor or their respective affiliates and receive, collect, hold and retain collections from the Company with the same
      rights it would have if it were not the Trustee or such agent. However, in the event that the Trustee acquires any “conflicting
      interest,” as defined in Section 310(b) of the Trust Indenture Act, it must eliminate such conflict within 90 calendar days,
      apply to the Commission for permission to continue as trustee or resign.

   

  SECTION
      6.05. Moneys Held by Trustee. All moneys received by the Trustee shall, until used or applied as herein provided, be held
      in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required
      by mandatory provisions of law. Neither the Trustee nor any agent of the Company or the Trustee shall be under any liability for
      interest on any moneys received by it hereunder, except as otherwise agreed with the Company.

   

  
    - 23 - 

    
      

    

  

   

  

  SECTION 6.06. Notice of Default.
    If any Default or any Event of Default occurs and is continuing with respect to the Securities of any series and if such Default
    or Event of Default is actually known to a Responsible Officer of the Trustee, the Trustee shall mail to each Holder of Securities
    of such series in the manner and to the extent provided in Trust Indenture Act Section 313(c) notice of the Default or Event of
    Default (“Notice of Default”) within 90 calendar days after it occurs, unless such Default or Event of Default has
    been cured; provided that, except in the case of a default in the payment of the principal (whether at Stated Maturity,
    upon redemption (if applicable), upon any required repurchase by the Company (if applicable) or otherwise) of, or interest or premium,
    if any, on any Security of such series, in the payment or delivery of any consideration due upon conversion or exchange of any
    Security of such series (if applicable) or in the payment of any sinking fund installment with respect to Securities of such series,
    the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or
    a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding of such
    notice is in the interest of the Holders of Securities of such series.

   

  SECTION 6.07. Compensation and Indemnification
      of Trustee and Its Prior Claim. The Company covenants and agrees to pay to the Trustee from time to time, and the Trustee shall
    be entitled to, such compensation as shall be agreed in writing between the Company and the Trustee (which shall not be limited
    by any provision of law in regard to the compensation of a trustee of an express trust) and the Company covenants and agrees to
    pay or reimburse the Trustee and each predecessor Trustee upon its request for all reasonable expenses, disbursements and advances
    incurred or made by or on behalf of it in accordance with any of the provisions of this Indenture (including the reasonable compensation
    and the expenses and disbursements of its counsel and of all agents and other persons not regularly in its employ) except any such
    expense, disbursement or advance as may arise from its negligence or bad faith (as determined by a court of competent jurisdiction
    in a final, non-appealable decision or by such other means as may be agreed by the Company and the Trustee at the time of determination).
    The Company also covenants to indemnify the Trustee and each predecessor Trustee for, and to hold it harmless against, any and
    all loss, liability, damage, claim or expense, including taxes (other than taxes based on the income of the Trustee) incurred without
    negligence or bad faith on its part (as determined by a court of competent jurisdiction in a final, non-appealable decision or
    by such other means as may be agreed by the Company and the Trustee at the time of determination), arising out of or in connection
    with the acceptance or administration of this Indenture or the trusts hereunder and its duties hereunder, including without limitation
    the costs and expenses of defending itself against or investigating any claim (whether asserted by the Company, a Holder or any
    other Person). The obligations of the Company under this Section to compensate and indemnify the Trustee and each predecessor Trustee
    and to pay or reimburse the Trustee and each predecessor Trustee for expenses, disbursements and advances shall constitute additional
    indebtedness hereunder and shall survive the satisfaction and discharge of this Indenture. Such financial obligations of the Company
    identified in this Section 6.07 shall be a senior claim to that of the Securities of each series, and as security for such obligations,
    the Trustee shall have a lien prior to such Securities, upon all property and funds held or collected by the Trustee as such, except
    funds held in trust for the benefit of the Holders of particular Securities, and the Securities of each series are hereby subordinated
    to such senior claim. Such lien shall survive the discharge and satisfaction of this Indenture.

   

  When the Trustee incurs expenses or renders
    services in connection with an Event of Default specified in Section 5.01(d) or Section 5.01(e), the expenses (including the reasonable
    charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration
    under any applicable federal or state bankruptcy, insolvency or other similar law.

   

  SECTION 6.08. Right of Trustee to Rely
      on Officers’ Certificate, Etc. Subject to Sections 6.01 and 6.02, whenever in the administration of the trusts of this
    Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering
    or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may,
    in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an
    Officers’ Certificate delivered to the Trustee, and such certificate, in the absence of negligence or bad faith on the part
    of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of this
    Indenture upon the faith thereof.

   

  SECTION 6.09. Persons Eligible for Appointment
      as Trustee. The Trustee hereunder shall at all times be a corporation, national association or other appropriate entity having
    a combined capital and surplus of at least $150,000,000, and which is eligible in accordance with the provisions of Section 310(a)
    of the Trust Indenture Act. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements
    of a federal, state or District of Columbia supervising or examining authority, then for the purposes of this Section, the combined
    capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent
    report of condition so published.

   

   

  
    - 24 -

    
      

    

  

   

  SECTION 6.10. Resignation and Removal;
      Appointment of Successor Trustee.

   

  (a) The Trustee may at any time resign with
    respect to the Securities of one or more series by giving written notice of resignation to the Company and to the Holders of Securities
    of such series, such notice to the Holders to be given by mailing (by first class mail) the same within 30 calendar days after
    such notice is given to the Company. Upon receiving such notice of resignation, the Company shall promptly appoint a successor
    trustee by written instrument in duplicate, executed by authority of the Board of Directors of the Company, one copy of which instrument
    shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed
    and have accepted appointment within 30 calendar days after the mailing of such notice of resignation, the resigning trustee may
    petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor trustee, or any
    Holder of the affected series who has been a bona fide holder of the Securities of the affected series for at least six months
    (or since the Issue Date for such Securities if the holding period is less than six months) may, on behalf of itself and all others
    similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice,
    if any, as it may deem proper and prescribe, appoint a successor trustee.

   

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

   

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

   

  (ii) the Trustee shall cease to
    be eligible in accordance with the provisions of Section 6.09, and shall fail to resign after written request therefor by the Company
    or by any such Holder; or

   

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

   

  then, in any such case, the Company may remove the Trustee and
    appoint a successor trustee by written instrument, in duplicate, executed by authority of the Board of Directors of the Company,
    one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee, or, subject to
    Section 315(e) of the Trust Indenture Act, any Holder of the affected series who has been a bona fide holder of the Securities
    of the affected series for at least six months may, on behalf of itself and all others similarly situated, petition any court of
    competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee. Such court may thereupon, after
    such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee.

   

  (c) The Holders of a majority in aggregate
    Principal Amount of the Securities of any series at the time outstanding may at any time remove the Trustee for that series and
    appoint a successor trustee by delivering to the Trustee so removed, to the successor trustee so appointed and to the Company and
    any Guarantor the evidence provided for in Section 7.01 of the action in that regard taken by the Holders of that series.

   

  If no successor trustee shall have been
    so appointed and have accepted appointment 30 calendar days after the mailing of such notice of removal, the Trustee being removed
    may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor trustee. Such
    court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee.

   

  (d) Any resignation or removal of the Trustee
    and any appointment of a successor trustee pursuant to any of the provisions of this Section 6.10 shall become effective upon acceptance
    of appointment by the successor trustee as provided in Section 6.11.

   

  
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  (e) 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 by mailing written notice of such event by first-class mail, postage prepaid, to all
    Holders of Securities of such series as their names and addresses appear in the Security Register. 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.

   

  SECTION 6.11. Acceptance of Appointment
      by Successor.

   

  (a) 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 fees, costs, expenses and other charges, 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.

   

  (b) 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, any applicable Guarantor,
    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 (1) 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, (2) 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 (3) 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 upon payment of its fees, costs, expenses and other charges 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.

   

  (c) Upon request of any such successor Trustee,
    the Company and any applicable Guarantor 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 paragraph (a) or (b) of this Section, as the case may
    be.

   

  (d) No successor Trustee shall accept its
    appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under the Trust Indenture
    Act.

   

  SECTION 6.12. Merger, Conversion, Consolidation
      or Succession to Business of Trustee. Any corporation or national association into which the Trustee may be merged or converted
    or with which it may be consolidated, or to which the Trustee’s assets may be sold, or any corporation or national association
    resulting from any merger, conversion, consolidation or sale to which the Trustee shall be a party or by which the Trustee’s
    property may be bound, or any corporation or national association succeeding to all or substantially all the corporate trust business
    of the Trustee, shall be the successor of the Trustee hereunder, provided that such entity shall be eligible under the provisions
    of Section 6.09, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything
    herein to the contrary notwithstanding.

   

  
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  In case at the time such successor to the
    Trustee shall succeed to the trusts created by this Indenture any of the Securities shall have been authenticated but not delivered,
    any such successor to the Trustee may adopt the certificate of authentication of any predecessor Trustee and deliver such Securities
    so authenticated; and, in case at that time any of the Securities shall not have been authenticated, any successor to the Trustee
    may authenticate such Securities either in the name of any predecessor hereunder or in the name of the successor Trustee; and in
    all such cases such certificate shall have the full force that it is anywhere in the Securities or in this Indenture; provided
    that the right to adopt the certificate of authentication of any predecessor Trustee or to authenticate Securities in the name
    of any predecessor Trustee shall apply only to its successor or successors by merger, conversion or consolidation.

   

  SECTION 6.13. Preferential Collection
      of Claims. If the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company
    (or any other obligor on the Securities), the Trustee shall be subject to the provisions of Section 311 of the Trust Indenture
    Act regarding the collection of claims against the Company (or any such other obligor). For purposes of Section 311(b) (4) and
    (6) of such Act, the following terms shall mean:

   

  (a) “cash transaction” means
    any transaction in which full payment for goods or securities sold is made within seven calendar days after delivery of the goods
    or securities in currency or in checks or other orders drawn upon banks or bankers and payable upon demand; and

   

  (b) “self-liquidating paper”
    means any draft, bill of exchange, acceptance or obligation which is made, drawn, negotiated or incurred by the Company for the
    purpose of financing the purchase, processing, manufacturing, shipment, storage or sale of goods, wares or merchandise and which
    is secured by documents evidencing title to, possession of, or a lien upon, the goods, wares or merchandise or the receivables
    or proceeds arising from the sale of the goods, wares or merchandise previously constituting the security, provided the security
    is received by the Trustee simultaneously with the creation of the creditor relationship with the Company arising from the making,
    drawing, negotiating or incurring of the draft, bill of exchange, acceptance or obligation.

   

  SECTION 6.14. Communications with the
      Trustee. Any and all notices, certificates, opinions or filings with the Commission required or permitted to be provided by
    the Company to the Trustee under this Indenture shall be in writing and shall be personally delivered, sent via an internationally
    recognized overnight delivery service or sent by facsimile or electronic transmission to the address or telecopy number of the
    Corporate Trust Office.

   

  SECTION 6.15. Paying Agent/Registrar.
    If the Trustee is acting as Paying Agent and/or Registrar hereunder, the rights and protections afforded to the Trustee under this
    Article 6 will also be afforded to the Paying Agent and/or the Registrar.

   

  ARTICLE 7

   

  CONCERNING THE HOLDERS

   

  SECTION 7.01. Evidence of Action Taken
      by Holders. Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture
    to be given or taken by Holders of Securities of any series may be embodied in and evidenced (a) by one or more instruments of
    substantially similar tenor signed by such Holders in person or by agent duly appointed in writing, (b) by the record of the Holders
    of Securities of such series voting in favor thereof at any meeting of Holders duly called and held in accordance with the provisions
    of Article 8, or (c) by a combination of such instrument or instruments and any such record of such a meeting of Holders; 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 and each Guarantor, if any. Proof of execution of any
    instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Sections
    6.01 and 6.02) conclusive in favor of the Trustee, the Company and each Guarantor, if any, if made in the manner provided in this
    Article.

   

  
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  SECTION 7.02. Proof of Execution of Instruments
      and of Holding of Securities; Record Date. Subject to Sections 6.01 and 6.02, the execution of any instrument by a Holder or
    its agent or proxy may be proved in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or
    in such manner as shall be satisfactory to the Trustee. The holding of Securities shall be proved by the Security Register or by
    a certificate of the Registrar thereof. The Company may set a record date for purposes of determining the identity of Holders of
    Securities entitled to vote or consent to any action referred to in Section 7.01, which record date may be set at any time or from
    time to time by notice to the Trustee, for any date or dates (in the case of any adjournment or resolicitation) not more than 90
    calendar days nor less than 20 calendar days prior to the proposed date of such vote or consent, and thereafter, notwithstanding
    any other provisions hereof, only Holders of Securities of record on such record date shall be entitled to so vote or give such
    consent or to withdraw such vote or consent.

   

  SECTION 7.03. Who May Be Deemed Owners
      of Securities. The Company, each Guarantor, if any, the Trustee, any Paying Agent and any Registrar may deem and treat the
    person in whose name any Security of any series shall be registered in the Security Register on the applicable record date as the
    absolute owner of such Security (whether or not such Security shall be overdue and notwithstanding any notation of ownership or
    other writing thereon) for the purpose of receiving payment of or on account of the principal of (and premium, if any) and interest,
    if any, on such Security and for all other purposes; and none of the Company, any Guarantor, the Trustee, any Paying Agent or any
    Registrar shall be affected by any notice to the contrary. All such payments so made to, or upon the order of, any Holders shall
    be valid, and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability of moneys payable upon
    any such Security.

   

  SECTION 7.04. Securities Owned by Company
      Deemed Not Outstanding. In determining whether the Holders of the requisite aggregate Principal Amount of Securities of any
    series have concurred in any direction, consent or waiver under this Indenture, Securities of such series which are owned by the
    Company, any Guarantor with respect to such series or any other obligor on the Securities of such series or by any person directly
    or indirectly controlling or controlled by or under direct or indirect common control with the Company, any such Guarantor or any
    other obligor on the Securities of such series shall be disregarded and deemed not to be outstanding for the purpose of any such
    determination, except that for the purpose of determining whether the Trustee shall be protected in relying on any such direction,
    consent or waiver only Securities which a Responsible Officer of the Trustee actually knows are so owned shall be so disregarded.
    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, any
    Guarantor or any other obligor upon the Securities or any person directly or indirectly controlling or controlled by or under direct
    or indirect common control with the Company, any Guarantor or any other obligor on the Securities. In case of a dispute as to such
    right, the advice of counsel shall be full protection in respect of any decision made by the Trustee in accordance with such advice.
    Upon request of the Trustee, the Company shall furnish to the Trustee promptly an Officers’ Certificate listing and identifying
    all Securities of any series, if any, known by the Company to be owned or held by or for the account of any of the above-described
    persons; and, subject to Sections 6.01 and 6.02, the Trustee shall be entitled to accept such Officers’ Certificate as conclusive
    evidence of the facts therein set forth and of the fact that all Securities of such series not listed therein are outstanding for
    the purpose of any such determination.

   

  SECTION 7.05. Record Date for Action
      by Holders. Whenever in this Indenture it is provided that Holders of a specified percentage in aggregate principal amount
    of the Securities of any series may take any action (including the making of any demand or request, the giving of any direction,
    notice, consent or waiver or the taking of any other action), other than any action taken at a meeting of Holders of such series
    called pursuant to Article 8, the Company may, but shall not be obligated to, fix a record date, which need not be the date provided
    in TIA Section 316(c) to the extent it would otherwise be applicable, for the purpose of determining the Holders entitled to give
    their consent or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record
    date is fixed, then notwithstanding Section 7.06, those Persons who were Holders at such record date (or their duly designated
    proxies), and only those Persons, shall be entitled to give such consent or to revoke any consent previously given or to take any
    such action, whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective
    for more than 90 days after such record date

   

  SECTION 7.06. Right of Revocation of
      Action Taken. At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 7.01, of the taking
    of any action by the Holders of the percentage in aggregate Principal Amount of the Securities of any series specified in this
    Indenture in connection with such action, any Holder of a Security the serial number of which is shown by the evidence to be included
    among the serial numbers of the Securities of the series the Holders of which have consented to such action may, by filing written
    notice at the Corporate Trust Office and upon proof of holding as provided in this Article 7, revoke such action so far as concerns
    such Security. Except as aforesaid, any such action taken by the Holder of any Security shall be conclusive and binding upon such
    Holder and upon all future holders and owners of such Security and of any Securities issued in exchange or substitution therefor,
    irrespective of whether or not any notation in regard thereto is made upon any such Security. Any action taken by the Holders of
    the percentage in aggregate Principal Amount of the Securities of any series specified in this Indenture in connection with such
    action shall be conclusively binding upon the Company, each Guarantor with respect to such series, if any, the Trustee and the
    Holders of all the Securities of such series.

   

  
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  ARTICLE 8

   

  MEETINGS OF HOLDERS

   

  SECTION 8.01. Purposes for Which Meeting
      May Be Called. A meeting of Holders of Securities of any series may be called at any time and from time to time pursuant to
    the provisions of this Article 8 for any of the following purposes:

   

  (a) to give any notice to the Company, any
    Guarantor or to the Trustee, or to give any directions to the Trustee, or to consent to the waiving of any Default or Event of
    Default with respect to the Securities of such series hereunder and its consequences, or take any other action authorized to be
    taken by Holders of such series pursuant to any of the provisions of Article 5;

   

  (b) to remove the Trustee and appoint a
    successor trustee with respect to the Securities of such series pursuant to the provisions of Article 6;

   

  (c) to consent to the execution of an indenture
    or indentures supplemental hereto pursuant to the provisions of Section 9.02; or

   

  (d) to take any other action authorized
    to be taken by or on behalf of the Holders of the percentage in aggregate Principal Amount of the Securities of such series under
    any other provisions of this Indenture or under applicable law.

   

  SECTION 8.02. Manner of Calling Meetings;
      Record Date. The Trustee may at any time call a meeting of Holders of any series to take any action specified in Section 8.01,
    to be held at such time and at such place in [●], or as the Trustee shall determine. Notice of every meeting of Holders of
    any series setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting,
    shall be mailed not less than 30 nor more than 60 calendar days prior to the date fixed for the meeting to such Holders at their
    registered addresses. For the purpose of determining Holders entitled to notice of any meeting of Holders, the Trustee shall fix
    in advance a date as the record date for such determination, such date to be a Business Day not more than 10 calendar days prior
    to the date of the mailing of such notice as hereinabove provided. Only persons in whose name a Security of such series is registered
    upon the books of the Company on a record date fixed by the Trustee as aforesaid, or by the Company or the Holders as in Section
    8.03 provided, shall be entitled to notice of the meeting of Holders with respect to which such record date was so fixed.

   

  SECTION 8.03. Call of Meeting by Company
      or Holders. In case at any time the Company or a Guarantor, if any, pursuant to a resolution of its Board of Directors, or
    the Holders of at least 10 percent in aggregate principal amount of the Securities of any series then outstanding, shall have requested
    the Trustee to call a meeting of the Holders of such series to take any action authorized in Section 8.01 by written request setting
    forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed notice of such
    meeting within 20 calendar days after receipt of such request, then the Company, any such Guarantor or the Holders of Securities
    of such series in the amount above specified may fix the record date with respect to, and determine the time and the place for,
    such meeting and may call such meeting to take any action authorized in Section 8.01, by mailing notice thereof as provided in
    Section 8.02. The record date fixed as provided in the preceding sentence shall be set forth in a written notice to the Trustee
    and shall be a Business Day not less than 15 nor more than 20 calendar days after the date on which such notice is sent to the
    Trustee.

   

  
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  SECTION 8.04. Who May Attend and Vote
      at Meeting. To be entitled to vote at any meeting of Holders of any series, a person shall be a Holder of one or more Securities
    of such series. The only persons who shall be entitled to be present or to speak at any meeting of Holders of any series shall
    be the persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel, any representatives
    of the Company and its counsel, and any representatives of any Guarantor of such Securities and its counsel. When a determination
    of Holders entitled to vote at any meeting of Holders has been made as provided in this Section 8.04, such determination shall
    apply to any adjournment thereof.

   

  SECTION 8.05. Regulations. Notwithstanding
    any other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting
    of Holders of any series, in regard to proof of the holding of the Securities of such series and of the appointment of proxies,
    and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and
    other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall think fit. Except
    as otherwise permitted or required by any such regulations, the holding of the Securities of such series shall be provided in the
    manner specified in Section 8.06.

   

  The Trustee shall, by an instrument in writing,
    appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Company or by Holders as provided
    in Section 8.03, in which case the Company or the Holders calling the meeting, as the case may be, shall in like manner appoint
    a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by a vote of the Holders of
    a majority in Principal Amount of the Securities represented at the meeting and entitled to vote.

   

  Subject to the provisions of Section 7.04,
    at any meeting each Holder or proxy entitled to vote thereat shall be entitled to one vote for each $1,000 principal amount of
    Securities of such series held or represented by him; provided that no vote shall be cast or counted at any meeting in respect
    of any Security challenged as not outstanding and ruled by the chairman of the meeting to be not outstanding. The chairman of the
    meeting shall have no right to vote other than by virtue of Securities held by him or instruments in writing as aforesaid duly
    designating him as the person to vote on behalf of other Holders. Any meeting of Holders duly called pursuant to the provisions
    of Section 8.02 or 8.03 may be adjourned from time to time, and the meeting may be held as so adjourned without further notice.

   

  At any meeting of Holders of any series,
    the presence of persons who held, or who are acting as proxy for persons who held, an aggregate Principal Amount of Securities
    of such series on the record date for such meeting sufficient to take action on the business for the transaction of which such
    meeting was called shall constitute a quorum, but, if less than a quorum is present, the persons holding or representing a majority
    in aggregate Principal Amount of the Securities of such series represented at the meeting may adjourn such meeting with the same
    effect, for all intents and purposes, as though a quorum had been present.

   

  SECTION 8.06. Manner of Voting at Meetings
      and Record to be Kept. The vote upon any resolution submitted to any meeting of Holders of any series shall be by written ballots
    on each of which shall be subscribed the signature of the Holder or proxy casting such ballot and the identifying number or numbers
    of the Securities of such series held or represented in respect of which such ballot is cast. The permanent chairman of the meeting
    shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall
    make and file with the secretary of the meeting their verified written reports in duplicate of all votes cast at the meeting. A
    record in duplicate of the proceedings of each meeting of Holders shall be prepared by the secretary of the meeting and there shall
    be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by
    one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice
    was mailed as provided in Section 8.02. The record shall show the identifying numbers of the Securities of such series voting in
    favor of or against any resolution. Each counterpart of such record shall be signed and verified by the affidavits of the permanent
    chairman and secretary of the meeting and one of the counterparts shall be delivered to the Company and the other to the Trustee
    to be preserved by the Trustee.

   

  Any counterpart record so signed and verified
    shall be conclusive evidence of the matters therein stated and shall be the record referred to in clause (b) of Section 7.01.

   

  
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  SECTION 8.07. Exercise of Rights of Trustee
      and Holders Not to be Hindered or Delayed. Nothing in this Article 8 contained shall be deemed or construed to authorize or
    permit, by reason of any call of a meeting of Holders or any rights expressly or impliedly conferred hereunder to make such call,
    any hindrance or delay in the exercise of any right or rights conferred upon or reserved to the Trustee or to the Holders of any
    series under any of the provisions of this Indenture or of the Securities of such series.

   

  ARTICLE 9

   

  SUPPLEMENTAL INDENTURES

   

  SECTION 9.01. Supplemental Indentures
      Without Consent of Holders. The Company, the Guarantors, if any, and the Trustee may amend or supplement this Indenture or
    the Securities of any series or waive any provision hereof or thereof without the consent of any Holder:

   

  (a) to cure any ambiguity, defect or inconsistency
    in a manner that does not, individually or in the aggregate with all other changes, adversely affect the rights of any Holder of
    the Securities of any series in any material respect;

   

  (b) to provide for uncertificated Securities
    in addition to or in place of certificated Securities;

   

  (c) to evidence the assumption of the obligations
    of the Company or a Guarantor to the Holders of the Securities in the case of any transaction pursuant to Article 10 hereof;

   

  (d) to evidence and provide for the acceptance
    of appointment hereunder by a successor trustee and to add to or change any of the provisions of the Indenture as shall be necessary
    to provide for or facilitate the administration of the trusts hereunder by more than one trustee;

   

  (e) to make any change that would provide
    any additional rights or benefits to the Holders of all or any series of Securities or that does not adversely affect the legal
    rights hereunder of any such Holder;

   

  (f) to comply with requirements of the Commission
    in order to effect or maintain the qualification of this Indenture under the Trust Indenture Act;

   

  (g) to establish the form or terms of Securities
    of any series as permitted by Sections 2.01 and 3.01;

   

  (h) to secure the Company’s obligations
    in respect of the Securities of any series;

   

  (i) to add an additional Guarantor in respect
    of the Securities of any series.

   

  (j) in the case of convertible or exchangeable
    Securities of any series, subject to the provisions of the supplemental indenture for such series of Securities, to provide for
    conversion rights, exchange rights and/or repurchase rights of Holders of such series of Securities in connection with any reclassification
    or change of the Company’s common stock or in the event of any amalgamation, consolidation, merger or sale of all or substantially
    all of the assets of the Company or its Subsidiaries substantially as an entirety occurs;

   

  (k) in the case of convertible or exchangeable
    Securities of any series, to reduce the conversion price or exchange price applicable to such series of Securities;

   

  (l) in the case of convertible or exchangeable
    Securities of any series, to increase the conversion rate or exchange ratio in the manner described in the supplemental indenture
    for such series of Securities, provided that the increase will not adversely affect the interests of the Holders of the
    Securities of such series in any material respect; or

   

  (m) any other action to amend or supplement
    the Indenture or the Securities of any series as set forth in the supplemental indenture establishing the terms of the Securities
    of that series as provided in Section 3.01(b).

   

  
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  Upon the request of the Company accompanied
    by a resolution of its Board of Directors authorizing the execution of any such supplemental indenture, and upon receipt by the
    Trustee of the documents described in Section 9.04 hereof, the Trustee shall join with the Company and the Guarantors, if any,
    in the execution of any supplemental indenture authorized or permitted by the terms of this Indenture and to make any further appropriate
    agreements and stipulations which may be therein contained, but the Trustee shall not be obligated to enter into such supplemental
    indenture which affects its own rights, duties or immunities under this Indenture or otherwise.

   

  SECTION 9.02. With Consent of Holders.
    Except as provided in the next succeeding paragraphs, this Indenture or the Securities may be amended or supplemented with the
    consent of the Holders of at least a majority in aggregate Principal Amount of all the Securities then outstanding affected by
    such supplemental indenture (acting as a single class).

   

  Upon the request of the Company accompanied
    by a resolution of its Board of Directors authorizing the execution of any such supplemental indenture, and upon the filing with
    the Trustee of evidence satisfactory to the Trustee of the consent of the Holders as aforesaid, and upon receipt by the Trustee
    of the documents described in Section 9.04 hereof, the Trustee shall join with the Company and the Guarantors, if any, in the execution
    of such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities
    under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such
    supplemental indenture.

   

  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, supplement or waiver
    under this Section becomes effective, the Company shall mail to the Holders affected thereby a notice briefly describing the amendment,
    supplement 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 supplemental indenture or waiver. Subject to Sections 5.02(b), 5.04 and 5.07 hereof, the application
    of or compliance with, either generally or in a particular instance, of any provision of this Indenture or the Securities may be
    waived as to each series of Securities by the Holders of a majority in aggregate principal amount of the outstanding Securities
    of that series.

   

  Without the consent of each Holder affected
    hereby, however, an amendment or waiver may not:

   

  (a) reduce the percentage in Principal Amount
    of Securities of any series whose Holders must consent to an amendment, supplement or waiver;

   

  (b) change the Stated Maturity of the principal
    of, or any installment of principal of or interest on, or time for payment of interest on, any Security, or reduce the Principal
    Amount thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or change any Payment Office
    where, or the coin or currency in which, any Security or any premium or interest thereon 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);

   

  (c) modify any of the provisions of this
    Section 9.02, Section 5.04 or Section 4.06, except to increase the percentage in Principal Amount of Holders required under any
    such Section 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 that this clause (c) will 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
    9.02, Section 5.02(b), Section 5.04 and Section 4.06, or the deletion of this proviso, in accordance with the requirements of Section
    6.11;

   

  (d) impair the rights of Holders of the
    Securities of any series that are exchangeable or convertible to receive payment or delivery of any consideration due upon the
    conversion or exchange of the Securities of that series;

   

  
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  (e) change in any manner adverse to the
    interests of the Holders of any outstanding Securities the terms and conditions of the obligations of the Guarantors, if applicable,
    in respect of the due and punctual payment of the principal thereof (and premium, if any, thereon) and interest thereon or any
    additional amounts or any sinking fund or analogous payments provided in respect thereof; or

   

  (f) modify or amend any of the provisions
    of the Indenture or Securities of any series as may be set forth in the supplemental indenture with respect to the Securities of
    that series as requiring the consent of each Holder affected thereby.

   

  SECTION 9.03. Effect of Supplemental
      Indenture. Upon the execution of any supplemental indenture pursuant to the provisions hereof, this Indenture shall be and
    be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties
    and immunities under this Indenture of the Trustee, the Company, each Guarantor, if any, and the Holders shall thereafter be determined,
    exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions
    of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and
    all purposes.

   

  SECTION 9.04. Documents to Be Given to
      Trustee; Compliance with TIA. The Trustee, subject to the provisions of Sections 6.01 and 6.02, shall be entitled to receive
    and conclusively rely upon an Officers’ Certificate and an Opinion of Counsel as conclusive evidence that any such supplemental
    indenture is permitted or authorized under and otherwise complies with the applicable provisions of this Indenture. Every such
    supplemental indenture shall comply with the TIA.

   

  SECTION 9.05. Notation on Securities
      in Respect of Supplemental Indentures. Securities authenticated and delivered after the execution of any supplemental indenture
    pursuant to the provisions of this Article may bear a notation approved by the Trustee as to form (but not as to substance) as
    to any matter provided for by such supplemental indenture or as to any action taken at any such meeting. If the Company, any applicable
    Guarantor or the Trustee shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee
    and the Board of Directors of the Company, to any modification of this Indenture contained in any such supplemental indenture may
    be prepared by the Company, endorsed by any such Guarantor, authenticated by the Trustee and delivered in exchange for the Securities
    of such series then outstanding.

   

  ARTICLE 10

   

  CONSOLIDATION, MERGER OR SALE OF ASSETS

   

  SECTION 10.01. When the Company May Merge,
      Etc. The Company shall not consolidate with or merge with or into, or sell, transfer, lease, convey or otherwise dispose of
    all or substantially all of its assets to, another Person (including pursuant to a statutory arrangement), whether in a single
    transaction or series of related transactions, unless:

   

  (a) the Company is the surviving entity
    or the Person formed by or surviving any such consolidation or merger or to which such sale, transfer, lease, conveyance or other
    disposition is made shall be a Person organized and existing under the laws of the United States of America or any State or the
    District of Columbia, and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, the
    due and punctual payment of the principal of (and premium, if any) and interest, if any, on all the Securities and the performance
    or observance of every covenant of this Indenture of 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 have happened and be continuing; and

   

  (c) the Company has delivered to the Trustee
    an Officers’ Certificate and an Opinion of Counsel each stating that such consolidation, merger, conveyance or transfer 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.

   

  
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  SECTION 10.02. Successor Person Substituted.
    Upon any consolidation or merger, or any sale, transfer, lease, conveyance or other disposition of all or substantially all of
    the assets of the Company in accordance with Section 10.01 hereof, the successor Person formed by such consolidation or into or
    with which the Company is merged or to which such sale, transfer, lease, conveyance or other disposition is made shall succeed
    to, and, except in the case of a lease, be substituted for (so that from and after the date of such consolidation, merger, sale,
    transfer, conveyance or other disposition, the provisions of this Indenture referring to the “Company” shall refer
    instead to the successor Person), and may exercise every right and power of, the Company under this Indenture with the same effect
    as if such successor Person had been named as the Company herein.

   

  In case of any such consolidation, merger,
    sale, transfer, lease, conveyance or other disposition such changes in phraseology and form (but not in substance) may be made
    in the Securities thereafter to be issued as may be appropriate. Notwithstanding the foregoing, (i) a consolidation or merger by
    the Company with or into, or (ii) the sale, transfer, lease, conveyance or other disposition by the Company of all or substantially
    all of its assets to, one or more of its Subsidiaries shall not relieve the Company from its obligations under this Indenture and
    the Securities.

   

  SECTION 10.03. Opinion of Counsel to
      Trustee. The Trustee, subject to the provisions of Sections 6.01 and 6.02, may receive an Opinion of Counsel as conclusive
    evidence that any such consolidation, merger, sale, transfer, lease, conveyance or other disposition complies with the applicable
    provisions of this Indenture.

   

  ARTICLE 11

   

  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 Securities of any series) in accordance with this Article.

   

  SECTION 11.02. Notice of Redemption;
      Partial Redemptions. Notice of redemption to the Holders of Securities of any series to be redeemed as a whole or in part shall
    be given by mailing notice of such redemption by first class mail, postage prepaid, at least 30 calendar days and not more than
    60 calendar days prior to the date fixed for redemption to such Holders of Securities at their last addresses as they shall appear
    upon the registry books. Any notice which is mailed in the manner herein provided shall be conclusively presumed to have been duly
    given, whether or not the Holder receives the notice. Failure to give notice by mail, or any defect in the notice to the Holder
    of any Security designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption
    of any other Security.

   

  The notice of redemption to each such Holder
    shall identify the Securities to be redeemed (including CUSIP numbers) and shall specify the Principal Amount of each Security
    held by such Holder to be redeemed, the date fixed for redemption, the redemption price, the place or places of payment, that payment
    will be made upon presentation and surrender of such Securities, that interest accrued to the date fixed for redemption will be
    paid as specified in said notice and that on and after said date interest thereon or on the portions thereof to be redeemed will
    cease to accrue. In case any Security is to be redeemed in part only the notice of redemption shall state the portion of the Principal
    Amount thereof to be redeemed and shall state that on and after the date fixed for redemption, upon surrender of such Security,
    a new Security or Securities in Principal Amount equal to the unredeemed portion thereof will be issued.

   

  The notice of redemption of Securities of
    any series to be redeemed at the option 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.

   

  No later than 10:00 a.m. New York City time
    on the redemption date specified in the notice of redemption given as provided in this Section, the Company will deposit with the
    Trustee or with one or more Paying Agents (or, if the Company is acting as its own Paying Agent, set aside, segregate and hold
    in trust) an amount of money sufficient to redeem on the redemption date all the Securities of a series so called for redemption
    at the appropriate redemption price, together with accrued interest to the date fixed for redemption. The Company will deliver
    to the Trustee at least 30 calendar days prior to the date fixed for redemption an Officers’ Certificate stating the aggregate
    Principal Amount of Securities of such series to be redeemed.

   

  
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  If less than all the Securities of a series
    are to be redeemed, the Trustee shall select, either pro rata, by lot or by any other method it shall deem fair and reasonable,
    Securities to be redeemed in whole or in part. Securities may be redeemed in part only in denominations equal to the minimum authorized
    denomination for Securities of that series or any integral multiple thereof. The Trustee shall promptly notify the Company in writing
    of the Securities selected for redemption and, in the case of any Securities selected for partial redemption, the Principal Amount
    thereof to be redeemed. 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 Security redeemed or to be redeemed only in part, to the portion of the
    Principal Amount of such Security which has been or is to be redeemed.

   

  SECTION 11.03. Payment of Securities
      Called for Redemption. If notice of redemption has been given as above provided, the Securities or portions of Securities specified
    in such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price,
    together with interest accrued to, but not including, the date fixed for redemption, and on and after said date (unless the Company
    and any Guarantors shall default in the payment of such Securities at the redemption price, together with interest accrued to said
    date) interest on the Securities or portions of Securities so called for redemption shall cease to accrue and, except as provided
    in Sections 6.05 and 12.06, such Securities shall cease from and after the date fixed for redemption to be entitled to any benefit
    or security under this Indenture, and the Holders thereof shall have no right in respect of such Securities except the right to
    receive the redemption price thereof and unpaid interest to the date fixed for redemption. On presentation and surrender of such
    Securities at a Payment Office specified in said notice, said Securities or the specified portions thereof shall be paid and redeemed
    by the Company at the applicable redemption price, together with interest accrued thereon to, but not including, the date fixed
    for redemption; provided that any payment of interest becoming due on the date fixed for redemption shall be payable to
    the Holders of such Securities registered as such on the relevant Regular Record Date subject to the terms and provisions of Section
    3.05 hereof.

   

  If any Security called for redemption shall
    not be so paid upon surrender thereof for redemption, the principal shall, until paid or duly provided for, bear interest from
    the date fixed for redemption at the rate borne by the Security.

   

  Upon presentation of any Securities redeemed
    in part only, the Company shall execute, the Guarantors, if any, shall, execute the Guarantees endorsed thereon, and the Trustee
    shall authenticate and make available for delivery to or on the order of the Holder thereof, at the expense of the Company, new
    Securities of authorized denominations, in Principal Amount equal to the unredeemed portion of the Securities so presented.

   

  ARTICLE 12

   

  DEFEASANCE AND COVENANT DEFEASANCE

   

  SECTION 12.01. Applicability of the Article;
      Company’s Option to Effect Defeasance or Covenant Defeasance. Unless pursuant to Section 3.01 provision is made for the
    inapplicability of either or both of (a) defeasance of the Securities of a series under Section 12.02 or (b) covenant defeasance
    of the Securities of a series under Section 12.03, then the provisions of such Section or Sections, as the case may be, together
    with the other provisions of this Article, shall be applicable to the Securities of such series, and the Company may, at its option,
    by resolution of its Board of Directors, at any time, elect to have either Section 12.02 or Section 12.03 applied to the outstanding
    Securities of a series upon compliance with the conditions set forth below in this Article 12.

   

  
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  SECTION 12.02. Legal Defeasance and Discharge.
    Upon the Company’s exercise of the option provided under Section 12.01 hereof to defease the outstanding Securities of a
    particular series under this Section 12.02, the Company and any Guarantors shall be deemed to have been discharged from its obligations
    with respect to such outstanding Securities and related Guarantees on the date the conditions set forth below are satisfied (hereinafter,
    “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Company shall be deemed to have paid and
    discharged the entire indebtedness represented by the outstanding Securities of such series, which shall thereafter be deemed to
    be “outstanding” only for the purposes of Section 12.05 hereof and the other Sections of this Indenture referred to
    in clauses (i) and (ii) of this Section 12.02, and to have satisfied all its other obligations under such Securities and this Indenture
    (and the Trustee, on demand of and at the expense of the Company shall execute proper instruments acknowledging the same), except
    for the following provisions which shall survive until otherwise terminated or discharged hereunder: (i) the rights of Holders
    of outstanding Securities of such series to receive solely from the trust fund described in Section 12.04 hereof, and as more fully
    set forth in such Section, payments in respect of the principal of (and premium, if any) and interest, if any, on such Securities
    when such payments are due, (ii) the obligations of the Company or any Guarantor with respect to such Securities under Sections
    3.06, 3.07, 3.08(a), 3.09, 3.11, and 12.05 hereof, (iii) the rights, powers, trusts, duties and immunities of the Trustee hereunder,
    including, without limitation, the Trustee’s rights under Section 6.07 hereof, and the obligations of the Company or any
    Guarantor in connection therewith and with this Article 12. Subject to compliance with this Article 12, the Company may exercise
    its option under this Section 12.02 notwithstanding the prior exercise of its option under Section 12.03 hereof with respect to
    the Securities of such series.

   

  SECTION 12.03. Covenant Defeasance.
    Upon the Company’s exercise of the option provided under Section 12.01 hereof to obtain a covenant defeasance with respect
    to the outstanding Securities of a particular series under this Section 12.03, the Company and any Guarantors shall be released
    from their obligations under the covenants contained in Article 4 and Section 10.01 hereof and the covenants contained in any supplemental
    indenture applicable to such series, with respect to the outstanding Securities of such series on and after the date the conditions
    set forth below are satisfied (hereinafter, “Covenant Defeasance”), and the Securities of such series shall thereafter
    be deemed not outstanding for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences
    of any thereof) in connection with such covenants, but shall continue to be deemed outstanding for all other purposes hereunder.
    For this purpose, such Covenant Defeasance means that, with respect to the outstanding Securities of such series, the Company or
    any Guarantors may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in
    any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason
    of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall
    not constitute a Default or an Event of Default under Section 5.01(c) or Section 5.01(g) with respect to outstanding Securities
    of such series, but, except as specified above, the remainder of this Indenture and of the Securities of such series shall be unaffected
    thereby.

   

  SECTION 12.04. Conditions to Legal or
      Covenant Defeasance. The following shall be the conditions to the application of either Section 12.02 or Section 12.03 hereof
    to the outstanding Securities of a particular series:

   

  (a) The Company shall irrevocably have deposited
    or caused to be deposited with the Trustee (or another trustee satisfying the requirements of Section 6.09 who shall agree to comply
    with the provisions of this Article 12 applicable to it) as trust funds in trust for the purpose of making the following payments,
    specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities, (i) an amount (in
    such currency, currencies or currency unit in which such Securities and any related coupons are then specified as payable at Stated
    Maturity), or (ii) non-callable Government Securities that 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, cash in Dollars in an amount,
    or (iii) a combination thereof, in such amounts as will be 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 and discharge and which shall
    be applied by the Trustee (or other qualifying trustee) to pay and discharge the principal of (and premium, if any) and interest,
    if any, on such outstanding Securities on the stated maturity date of such principal or installment of principal, or interest or
    premium, if any.

   

  (b) In the case of an election under Section
    12.02 hereof, the Company shall have delivered to the Trustee an Opinion of Counsel confirming that (i) the Company has received
    from, or there has been published by, the Internal Revenue Service a ruling or (ii) since the date hereof, there has been a change
    in the applicable federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm
    that, the Holders of the outstanding Securities of such series will not recognize income, gain or loss for federal income tax purposes
    as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the
    same times as would have been the case if such Legal Defeasance had not occurred.

   

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

   

  (d) No Default or Event of Default (or event
    that, with the giving of notice or lapse of time or both would become an Event of Default) with respect to the Securities of such
    series shall have occurred and be continuing on the date of such deposit or, insofar as Section 5.01(d) or 5.01(e) hereof is concerned,
    at any time in the period ending on the 124th calendar day after the date of such deposit (it being understood that this condition
    shall not be deemed satisfied until the expiration of such period).

   

  (e) Such Legal Defeasance or Covenant Defeasance
    shall not result in a breach or violation of, or constitute a default under any material agreement or instrument (other than this
    Indenture) to which the Company or any Guarantor is a party or by which the Company or such Guarantor is bound (other than a breach,
    violation or default resulting from the borrowing of funds to be applied to such deposit).

   

  (f) The Company shall have delivered to
    the Trustee an Officers’ Certificate stating that the deposit made by the Company pursuant to its election under Section
    12.02 or 12.03 hereof was not made by the Company with the intent of preferring the Holders of the affected Securities over the
    other creditors of the Company with the intent of defeating, hindering, delaying or defrauding creditors of the Company, or others.

   

  (g) Such Legal Defeasance or Covenant Defeasance
    shall be effected in compliance with any additional terms, conditions or limitations which may be imposed on the Company in connection
    therewith pursuant to Section 3.01.

   

  (h) The Company shall have delivered to
    the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for relating
    to either the Legal Defeasance under Section 12.02 hereof or the Covenant Defeasance under Section 12.03 hereof (as the case may
    be) have been complied with as contemplated by this Section 12.04.

   

  SECTION 12.05. Deposited Money and Government
      Securities to be Held in Trust; Other Miscellaneous Provisions. Subject to Section 12.06 hereof, all money and non-callable
    Government Securities (including the proceeds thereof) deposited with the Trustee pursuant to Section 12.04 hereof in respect of
    the outstanding Securities of a particular series shall be held in trust and applied by the Trustee, in accordance with the provisions
    of such Securities, the Guarantees, if any, relating to such series of Securities and this Indenture, to the payment, either directly
    or through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of such
    Securities of all sums due and to become due thereon in respect of principal (and premium, if any) and interest, if any, but such
    money need not be segregated from other funds except to the extent required by law.

   

  The Company shall pay and indemnify the
    Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable Government Securities deposited
    pursuant to Section 12.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other
    charge that by law is for the account of the Holders of the outstanding Securities of such series.

   

  Anything in this Article 12 to the contrary
    notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon the Company’s request any money or
    non-callable Government Securities held by it as provided in Section 12.04 hereof with respect to the Securities of any series
    which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof
    delivered to the Trustee (which may be the opinion delivered under Section 12.04(a) hereof), are in excess of the amount thereof
    which would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance.

   

  
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  SECTION 12.06. Repayment to the Company
      or Guarantor. Any money deposited with the Trustee or any Paying Agent, or then held by the Company or applicable Guarantor,
    in trust for the payment of the principal of (and premium, if any) and interest, if any, on any Security and remaining unclaimed
    for two years after such principal, or interest or premium, if any, has become due and payable and was deposited with the Paying
    Agent shall be paid to the Company or such Guarantor on its written request (or if then held by the Company or such Guarantor)
    will be discharged from such trust) subject to any applicable abandoned property law; and the Holder of such Security shall thereafter,
    as an unsecured general creditor, look only to the Company or such Guarantor 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 or such Guarantor as trustee thereof, shall
    thereupon cease.

   

  SECTION 12.07. Reinstatement. If
    the Trustee or Paying Agent is unable to apply any Dollars or non-callable Government Securities in accordance with Section 12.02
    or 12.03 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining
    or otherwise prohibiting such application, then the obligations of the Company and the applicable Guarantors under this Indenture,
    the Securities and any Guarantees shall be revived and reinstated as though no deposit had occurred pursuant to Section 12.02 or
    12.03 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 12.02
    or 12.03 hereof, as the case may be; provided that, if the Company or any Guarantor makes any payment of principal of, or
    interest or premium, if any, on any Security following the reinstatement of its obligations, the Company or any Guarantor shall
    be subrogated to the rights of the Holders of such Security to receive such payment from the money held by the Trustee or Paying
    Agent.

   

  ARTICLE 13

   

  SATISFACTION AND DISCHARGE

   

  SECTION 13.01. Satisfaction and Discharge
      of Indenture. This Indenture shall upon a Company Request cease to be of further effect with respect to any series of Securities
    (except, as to any surviving rights of registration of transfer, exchange or conversion of Securities of such series herein expressly
    provided for or in the form of Security for such series and any rights to receive payment of interest thereon), and the Trustee,
    on demand of and at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this
    Indenture, when:

   

  (a) either

   

  (i) all Securities of such series
    theretofore authenticated and delivered (other than (A) Securities which have been destroyed, lost or stolen and which have been
    replaced or paid as provided in Section 3.09, and (B) Securities for whose payment money has theretofore been (x) 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 4.03(c) or (y) paid to any State or the District of Columbia pursuant to its unclaimed property or similar laws) have
    been delivered to the Trustee for cancellation; or

   

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

   

  (A) have become due and payable
    (whether at Stated Maturity, upon redemption (if applicable), upon any required repurchase by the Company (if applicable) or otherwise),
    or

   

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

   

  (C) are to be called for redemption
    within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name,
    and at the expense, of the Company, and the Company, in the case of (A), (B) or (C) above, has deposited or caused to be deposited
    with the Trustee, as trust funds in trust for the purpose, money in the amount in the currency or currency units in which the Securities
    of such series are payable, sufficient to pay and discharge the entire indebtedness on such Securities not theretofore delivered
    to the Trustee for cancellation, for principal (and premium, if any) and interest, if any, to the date of such deposit (in the
    case of Securities which have become due and payable), or to the Stated Maturity or redemption date, as the case may be;

   

  
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  (b) the Company or a Guarantor, if any,
    has paid or caused to be paid all other sums payable hereunder by the Company or the Guarantors, if any; 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 have been complied with.

   

  Notwithstanding the satisfaction and discharge
    of this Indenture, the obligations of the Company to the Trustee under Section 6.07 and, if money shall have been deposited with
    the Trustee pursuant to subclause (ii) of clause (a) of this Section, the obligations of the Trustee under Section 13.02 and Section
    4.03(e) shall survive.

   

  SECTION 13.02. Application of Trust Money.
    Subject to the provisions of Section 4.03(e), all money deposited with the Trustee pursuant to Section 13.01 shall be held in trust
    and applied by it, in accordance with the provisions of the Securities, the Guarantees, if any, relating to such series of 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 premium, if any) and interest, if
    any, for whose payment such money has been deposited with the Trustee.

   

  ARTICLE 14

   

  HOLDERS’ LISTS AND REPORTS BY TRUSTEE,
    COMPANY AND GUARANTORS

   

  SECTION 14.01. 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 later than 15 calendar
    days after the Regular Record Date for each series of Securities, a list, in such form as the Trustee may reasonably require, of
    the names and addresses of the Holders of Securities as of such Regular Record Date (unless the Trustee has such information),
    or if there is no Regular Record Date for interest for such series of Securities, semi-annually, upon such dates as are set forth
    in the Board Resolution of the Company or indenture supplemental hereto authorizing such series, and

   

  (b) at such other times as the Trustee may
    request in writing, within 30 calendar 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 calendar days prior to the time such list is furnished;

   

  provided that so long as the Trustee is the Registrar,
    no such list shall be required to be furnished.

   

  SECTION 14.02. Preservation of Information;
      Communications to Holders.

   

  (a) The Trustee 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 14.01 and the names and addresses of Holders received by the Trustee in its capacity as the Registrar. The
    Trustee may destroy any list furnished to it as provided in Section 14.01 upon receipt of a new list so furnished.

   

  (b) If three or more Holders (herein referred
    to as “applicants”) apply in writing to the Trustee, and furnish to the Trustee reasonable proof that each such applicant
    has owned a Security for a period of at least six months preceding the date of such application (or since the first date of the
    issuance for such Security, if the holding period is less than six months), and such application states that the applicants desire
    to communicate with other Holders with respect to their rights under this Indenture or under the Securities and is accompanied
    by a copy of the form of proxy or other communication which such applicants propose to transmit, then the Trustee shall, within
    five Business Days after the receipt of such application, at its election, either

   

  
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  (i) afford such applicants access
    to the information preserved at the time by the Trustee in accordance with Section 14.02(a); or

   

  (ii) inform such applicants as
    to the approximate number of Holders whose names and addresses appear in the information preserved at the time by the Trustee in
    accordance with Section 14.02(a), and as to the approximate cost of mailing to such Holders the form of proxy or other communication,
    if any, specified in such application.

   

  If the Trustee shall elect not to afford
    such applicants access to such information, the Trustee shall, upon the written request of such applicants, mail to each Holder
    whose name and address appears in the information preserved at the time by the Trustee in accordance with Section 14.02(a) a copy
    of the form of proxy or other communication which is specified in such request, with reasonable promptness after a tender to the
    Trustee of the material to be mailed and of payment, or provision for the payment, of the reasonable expenses of mailing, unless
    within five Business Days after such tender the Trustee shall mail to such applicants and file with the Commission, together with
    a copy of the material to be mailed, a written statement to the effect that, in the opinion of the Trustee, such mailing would
    be contrary to the best interest of the Holders or would be in violation of applicable law. Such written statement shall specify
    the basis of such opinion. If the Commission, after opportunity for a hearing upon the objections specified in the written statement
    so filed, shall enter an order refusing to sustain any of such objections or if, after the entry of an order sustaining one or
    more of such objections, the Commission shall find, after notice and opportunity for hearing, that all objections so sustained
    have been met and shall enter an order so declaring, the Trustee shall mail copies of such material to all such Holders with reasonable
    promptness after the entry of such order and the renewal of such tender; otherwise the Trustee shall be relieved of any obligation
    or duty to such applicants respecting their application.

   

  (c) Every Holder of Securities, by receiving
    and holding the same, agrees with the Company, any applicable Guarantor and the Trustee that none of the Company, such Guarantors
    and the Trustee nor any of their respective agents shall be held accountable by reason of the disclosure of any such information
    as to the names and addresses of the Holders in accordance with Section 14.02(b), regardless of the source from which such information
    was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under
    Section 14.02(b).

   

  SECTION 14.03. Reports by the Trustee.

   

  (a) 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. If required by Section 313(a) of the Trust Indenture Act, the Trustee
    shall, within 60 calendar days after each May 15th following the date of this Indenture (commencing May 15, [●]) deliver
    to Holders a brief report, dated as of such May 15th, which complies with the provisions of such Section 313(a).

   

  (b) A copy of each such report shall, at
    the time of such transmission to Holders, be filed by the Trustee with each securities exchange upon which Securities of any series
    are listed, with the Commission and with the Company. The Company will promptly notify the Trustee when any Securities are listed
    on any securities exchange and of any delisting thereof.

   

  SECTION 14.04. Reports by the Company
      and Guarantors. The Company shall furnish to the Trustee, within 15 calendar days after it actually files such annual and quarterly
    reports, information, documents and other reports with the Commission, copies of its annual report and of the information, documents
    and other reports (or copies of such portions of any of the foregoing the Commission may by rules and regulations prescribe) that
    the Company is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act; provided that any
    such annual and quarterly reports, information, documents and other reports and information filed with the Commission may be provided
    by the Company to the Trustee electronically. The Company and any Guarantor shall comply with the other provisions of TIA Section
    314(a). Delivery of such information, documents and reports 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 Officers’ Certificates). It is expressly understood that materials transmitted electronically by the
    Company to the Trustee or filed pursuant to the Commission’s EDGAR system (or any successor electronic filing system) shall
    be deemed filed with the Trustee and transmitted to Holders for purposes of this Section 14.04.

   

  
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  ARTICLE 15

   

  MISCELLANEOUS PROVISIONS

   

  SECTION 15.01. Incorporators, Stockholders,
      Members, Partners, Officers, Managers and Directors of Company or any Guarantor Exempt from Individual Liability. No recourse
    under or upon any obligation, covenant or agreement contained in this Indenture, or in any Security of any series or any Guarantees,
    or because of any indebtedness evidenced thereby, shall be had against any incorporator, as such or against any past, present or
    future stockholder, member, partner, officer, manager or director, as such, of the Company, any Guarantor or any successor, either
    directly or through the Company, any Guarantor 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 of such series by the Holders thereof and as part of the consideration for the
    issue of the Securities of such series.

   

  SECTION 15.02. Provisions of Indenture
      for the Sole Benefit of Parties and Holders. Except as set forth in Section 15.10, nothing in this Indenture or in the Securities
    of any series, expressed or implied, shall give or be construed to give to any person, firm or corporation, other than the parties
    hereto and their successors and the Holders of the Securities of such series, any legal or equitable right, remedy or claim under
    this Indenture or under any covenant or provision herein contained, all such covenants and provisions being for the sole benefit
    of the parties hereto and their successors and of the Holders of the Securities.

   

  SECTION 15.03. Successors and Assigns
      of Company or Guarantor Bound by Indenture. All the covenants, stipulations, promises and agreements in this Indenture contained
    by or in behalf of the Company or any Guarantor shall bind their successors and assigns, whether so expressed or not.

   

  SECTION 15.04. Notices, Etc., to Trustee,
      the Company and Guarantors. 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 or a Guarantor, if any, shall be sufficient for every purpose hereunder if made, given, furnished or filed in
    writing to or with the Trustee at [●], facsimile [●], or such other facsimile number as may be provided by the Trustee
    from time to time, and shall be deemed to have been made at the time of actual receipt of such written notice or facsimile transmission
    thereof; provided that any delivery made or facsimile sent on a day other than a Business Day shall be deemed to be received
    on the next following Business Day; or

   

  (2) the Company or a Guarantor,
    if any, by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided)
    if in writing to the Company or such Guarantor, as the case may be, addressed to it at the address specified in Schedule I hereto
    or at any other address or facsimile number previously furnished in writing to the Trustee by the Company or such Guarantor, as
    the case may be, and shall be deemed to have been made at the time of delivery or facsimile transmission; provided that
    any delivery made or facsimile sent on a day other than a Business Day shall be deemed to be received on the next following Business
    Day.

   

  
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  SECTION 15.05. Notices to Holders.
    Where this Indenture provides for notice to Holders, such notice shall be sufficiently given (unless otherwise herein expressly
    provided) if in writing and mailed, first-class postage prepaid, to each Holder entitled thereto, at its last address as it appears
    in the Security Register. 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. The Trustee may waive notice
    to it of any provision herein, and such waiver shall be deemed to be for its convenience and discretion. 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
    or irregularities in regular mail service, it shall be impracticable to mail notice to the Company, any Guarantor or any Holders
    when such notice is required to be given pursuant to any provision of this Indenture, then any manner of giving such notice as
    shall be satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice.

   

  SECTION 15.06. Officers’ Certificates
      and Opinions of Counsel; Statements to Be Contained Therein. Upon any application or demand by the Company or any Guarantor
    to the Trustee to take any action under any of the provisions of this Indenture, the Company or such Guarantor, as the case may
    be, shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent provided for in this Indenture
    relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all
    such conditions precedent have been complied with, except that in the case of any such application or demand as to which the furnishing
    of such documents is specifically required by any provision of this Indenture relating to such particular application or demand,
    no additional certificate or opinion need be furnished.

   

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

   

  Any certificate, statement or opinion of
    an officer of the Company or any Guarantor may be based, insofar as it relates to legal matters, upon a certificate or opinion
    of or representations by counsel, unless such officer knows that the certificate or opinion or representations with respect to
    the matters upon which his or her certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise
    of reasonable care should know that the same are erroneous. Any certificate, statement or Opinion of Counsel may be based, insofar
    as it relates to factual matters or information which is in the possession of the Company, upon the certificate, statement or opinion
    of or representations by an officer or officers of the Company or such Guarantor, as the case may be, unless such counsel knows
    that the certificate, statement or opinion or representations with respect to the matters upon which his or her certificate, statement
    or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are erroneous.

   

  Any certificate, statement or opinion of
    an officer or counsel of the Company or any Guarantor may be based, insofar as it relates to accounting matters, upon a certificate
    or opinion of or representations by an accountant or firm of accountants in the employ of the Company or such Guarantor, as the
    case may be, unless such officer or counsel knows that the certificate or opinion or representations with respect to the accounting
    matters upon which his or her certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of
    reasonable care should know that the same are erroneous.

   

  Any certificate or opinion of any independent
    firm of public accountants filed with the Trustee shall contain a statement that such firm is independent within the meaning of
    the Securities Act and the rules and regulations promulgated thereunder.

   

  SECTION 15.07. Payments Due on Saturdays,
      Sundays and Holidays. If the Stated Maturity of interest on or principal of the Securities of a particular series or the date
    fixed for redemption of any Security shall not be a Business Day, then payment of interest or principal with respect to such Securities
    need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on
    the date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date.

   

  
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  SECTION 15.08. Conflict of Any Provision
      of Indenture with Trust Indenture Act. If and to the extent that any provision of this Indenture limits, qualifies or conflicts
    with another provision included in this Indenture by operation of Sections 310 to 317, inclusive, of the Trust Indenture Act (an
    “incorporated provision”), such incorporated provision shall control.

   

  SECTION 15.09. Conflict of Any Provision
      of Securities with Indenture. If and to the extent that any provision of the Securities limits, qualifies or conflicts with
    a provision of this Indenture, such provision of this Indenture shall control.

   

  SECTION 15.10. New York Law to Govern.
    This Indenture, the Securities of any series and the Guarantees, if any, shall each be deemed to be a contract under the laws of
    the State of New York, and for all purposes shall be construed in accordance with the laws of the State of New York, but without
    giving effect to applicable principles of conflicts of law to the extent that the application of the law of another jurisdiction
    would be required thereby.

   

  SECTION 15.11. Waiver of Jury Trial.
    Each party hereto hereby waives, and each Holder by acceptance of its Securities shall be deemed to have waived, to the fullest
    extent permitted by applicable law, any right it may have to a trial by jury (but no other judicial remedies) in respect of any
    litigation directly or indirectly arising out of, under or in connection with this Indenture or the transactions contemplated hereby.

   

  SECTION 15.12. Consent to Jurisdiction
      and Service. The Company and each Guarantor, if any, irrevocably (a) agree that any legal suit, action or proceeding against
    the Company or any Guarantor arising out of or based upon this Indenture, the Notes or any Guarantee or the transactions contemplated
    hereby may be instituted in any U.S. Federal or state court in the City and County of New York (collectively, the “Specified
    Courts”) and (b) waive, to the fullest extent they may effectively do so, any objection which they may now or hereafter have
    to the laying of venue of any such proceeding. The Company and each Guarantor hereby appoint C T Corporation System, 111 Eighth
    Avenue, New York, New York, 10011, as their authorized agent (the “Authorized Agent”) upon whom process may be served
    in any such action arising out of or based on this Indenture, the Securities or the transactions contemplated hereby which may
    be instituted in any Specified Court, expressly consent to the jurisdiction of any such Specified Court in respect of any such
    action, and waive any other requirements of or objections to personal jurisdiction with respect thereto. Such appointment shall
    be irrevocable by the Company and any Guarantors. The Company and each Guarantor represent and warrant that the Authorized Agent
    has agreed to act as such agent for service of process and agree to take any and all action, including the filing of any and all
    documents and instruments, that may be necessary to continue such appointment in full force and effect as aforesaid. Service of
    process upon the Authorized Agent in any manner permitted by applicable law and written notice of such service to the Company or
    to a Guarantor shall be deemed, in every respect, effective service of process upon the Company or such Guarantor.

   

  SECTION 15.13. Third Party Beneficiaries.
    Holders of Securities of the Company are third party beneficiaries of this Indenture, and any of them (or their representative)
    shall have the right to enforce the provisions of this Indenture that benefit such Holders.

   

  SECTION 15.14. Counterparts. This
    Indenture may be executed in any number of counterparts, each of which shall be an original; but such counterparts shall together
    constitute but one and the same instrument.

   

  SECTION 15.15. Effect of Headings, 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 15.16. No Adverse Interpretation
      of Other Agreements. This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company,
    any Guarantor or any Subsidiary. Any such indenture, loan or debt agreement may not be used to interpret this Indenture.

   

  SECTION 15.17. Severability. If any
    provision hereof shall be held to be invalid, illegal or unenforceable under applicable law, then the remaining provisions hereof
    shall be construed as though such invalid, illegal or unenforceable provision were not contained herein.

   

  
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  SECTION 15.18. Patriot Act Compliance.
    The parties hereto acknowledge that in accordance with Section 326 of the USA Patriot Act the Trustee, like all financial institutions,
    is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship
    or opens account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information
    as it may request in order for the Trustee to satisfy the requirements of the USA Patriot Act.

   

  SECTION 15.19. Force Majeure. In
    no event shall the Trustee, Registrar or Paying Agent be liable for any failure or delay in the performance of its obligations
    hereunder because of circumstances beyond the Trustee’s, Registrar’s or Paying Agents’ control, including, but
    not limited to, acts of God, flood, war (whether declared or undeclared), terrorism, fire, riot or embargo, which delay, restrict
    or prohibit the providing of the services contemplated by this Indenture.

   

  
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  SIGNATURES

   

  IN WITNESS WHEREOF, the parties hereto have
    caused this Indenture to be duly executed, all as of [●].

   

  	PDS BIOTECHNOLOGY CORPORATION
	as the Company
	By:	 
	 	Name:
	 	Title:
	[●]
	as a Guarantor
	By:	 
	 	Name:
	 	Title:

   

  [Signature Page to Base Indenture]

   

  
     

    
      

    

  

   

  	[●],
	as the Trustee
	By:	 
	 	Name:
	 	Title:

   

  [Signature Page to Base Indenture]

   

  
     

    
      

    

  

   

  Schedule I

   

  	Company	Address and Facsimile Number
	PDS Biotechnology Corporation	
          25B Vreeland Road, Suite 300

          Florham Park, NJ 07932

           

          (800) 208-3343

          Attn: [●]

        

   

  	Guarantor	Address and Facsimile Number
	[●]	[●]

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