Document:

EX-10.13

 Exhibit 10.13 

UNITIL CORPORATION TAX DEFERRED 

SAVINGS AND INVESTMENT PLAN 

Amended and Restated Effective as of January 1, 2009 

 UNITIL CORPORATION TAX DEFERRED SAVINGS AND INVESTMENT PLAN 

WHEREAS, Unitil Corporation (hereinafter referred to as the “Employer”) heretofore adopted the Unitil Corporation Tax Deferred Savings and
Investment Plan (hereinafter referred to as the “Plan”) for the benefit of its eligible Employees, effective as of January 1, 1985; and 

WHEREAS, the Employer reserved the right to amend the Plan; and 

WHEREAS, the Employer wishes to amend the Plan in order to comply with changes permitted or required by the Economic Growth and Tax Relief
Reconciliation Act of 2001 (“EGTRRA”), technical corrections made by the Job Creation and Worker Assistance Act of 2002 (“JCW AA”), and other regulations and guidance published by the Internal Revenue Service that are effective
after December 31, 2001, including final regulations issued under Section 415 of the Internal Revenue Code of 1986, as amended (the “Code”) and to add or modify certain administrative provisions; and 

WHEREAS, it is intended that the Plan is to continue to be a qualified profit sharing plan under Section 401 (a) and 501 (a) of the
Internal Revenue Code for the exclusive benefit of the Participants and their Beneficiaries; and 
 WHEREAS, it is intended that the cash or deferral
arrangement forming part of the Plan is to continue to qualify under Section 401(k) of the Internal Revenue Code; 
 NOW, THEREFORE, the Plan is
hereby amended by restating the Plan, effective as of January 1, 2009, except where the provisions of the Plan (or the requirements of applicable law) shall otherwise specifically provide, in its entirety as follows: 

 TABLE OF CONTENTS 

 

							
	 ARTICLE ONE—DEFINITIONS
	  			
	 1.1
	  	 Account
	  	 	1	  
	 1.2
	  	 Administrator
	  	 	1	  
	 1.3
	  	 Beneficiary
	  	 	1	  
	 1.4
	  	 Break in Service
	  	 	1	  
	 1.5
	  	 Code
	  	 	1	  
	 1.6
	  	 Compensation
	  	 	1	  
	 1.7
	  	 Disability
	  	 	2	  
	 1.8
	  	 Effective Date
	  	 	3	  
	 1.9
	  	 Employee
	  	 	3	  
	 1.10
	  	 Employer
	  	 	3	  
	 1.11
	  	 Employment Date
	  	 	3	  
	 1.12
	  	 Fail-Safe Contribution
	  	 	3	  
	 1.13
	  	 Highly-Compensated Employee
	  	 	4	  
	 1.14
	  	 Hour of Service
	  	 	4	  
	 1.15
	  	 Leased Employee
	  	 	6	  
	 1.16
	  	 Local 341 Granite State Employee
	  	 	6	  
	 1.17
	  	 Local B341 Northern-Portland Employee
	  	 	6	  
	 1.18
	  	 Local 12012-6 Northern Portsmouth Employee
	  	 	6	  
	 1.19
	  	 Nonhighly-Compensated Employee
	  	 	6	  
	 1.20
	  	 Normal Retirement Date
	  	 	6	  
	 1.21
	  	 Participant
	  	 	6	  
	 1.22
	  	 Plan
	  	 	6	  
	 1.23
	  	 Plan Year
	  	 	7	  
	 1.24
	  	 Trust
	  	 	7	  
	 1.25
	  	 Trustee
	  	 	7	  
	 1.26
	  	 Valuation Date
	  	 	7	  
	 1.27
	  	 Year of Service
	  	 	7	  
		
	 ARTICLE TWO—SERVICE DEFINITIONS AND RULES
	  			
	 2.1
	  	 Year of Service
	  	 	8	  
	 2.2
	  	 Break in Service
	  	 	8	  
	 2.3
	  	 Leave of Absence
	  	 	8	  
	 2.4
	  	 Rule of Parity on Return to Employment
	  	 	9	  
	 2.5
	  	 Service in Excluded Job Classifications or with Related Companies
	  	 	9	  
		
	 ARTICLE THREE—PLAN PARTICIPATION
	  			
	 3.1
	  	 Participation
	  	 	11	  
	 3.2
	  	 Re-employment of Former Participant
	  	 	11	  
	 3.3
	  	 Tennination of Eligibility
	  	 	12	  
	 3.4
	  	 Compliance with USERRA
	  	 	12	  

							
		
	ARTICLE FOUR—ELECTIVE DEFERRALS, EMPLOYER CONTRIBUTIONS, ROLLOVERS AND TRANSFERS FROM OTHER PLANS	  			
	 4.1
	  	 Elective Deferrals
	  	 	13	  
	 4.2
	  	 Employer Contributions
	  	 	14	  
	 4.3
	  	 Rollovers and Transfers of Funds from Other Plans
	  	 	14	  
	 4.4
	  	 Timing of Contributions
	  	 	15	  
	 4..5
	  	 Employee After-Tax Contributions
	  	 	15	  
		
	 ARTICLE FIVE—ACCOUNTING RULES
	  			
	 5.1
	  	 Investment of Accounts and Accounting Rules
	  	 	16	  
		
	 ARTICLE SIX—VESTING AND RETIREMENT BENEFITS
	  			
	 6.1
	  	 Vesting
	  	 	18	  
	 6.2
	  	 Forfeiture of Nonvested Balance
	  	 	18	  
	 6.3
	  	 Distribution of Less than Entire Vested Account Balance
	  	 	19	  
	 6.4
	  	 Normal Retirement
	  	 	19	  
	 6.5
	  	 Disability
	  	 	19	  
		
	 ARTICLE SEVEN—MANNER AND TIME OF DISTRIBUTING BENEFITS
	  			
	 7.1
	  	 Manner of Payment
	  	 	20	  
	 7.2
	  	 Time of Commencement of Benefit Payments
	  	 	20	  
	 7.3
	  	 Furnishing Information
	  	 	21	  
	 7.4
	  	 Minimum Distribution Requirements
	  	 	21	  
	 7.5
	  	 Amount of Death Benefit
	  	 	26	  
	 7.6
	  	 Designation of Beneficiary
	  	 	26	  
	 7.7
	  	 Distribution of Death Benefits
	  	 	26	  
	 7.8
	  	 Eligible Rollover Distributions
	  	 	27	  
		
	 ARTICLE EIGHT—LOANS AND IN-SERVICE WITHDRAWALS
	  			
	 8.1
	  	 Loans
	  	 	30	  
	 8.2
	  	 Hardship Distributions
	  	 	31	  
	 8.3
	  	 Withdrawals After Age
51/2
	  	 	32	  
	 8.4
	  	 Withdrawals of After-Tax Contributions
	  	 	32	  
	 8.5
	  	 Withdrawals of Rollover Contributions
	  	 	32	  
		
	 ARTICLE NINE—ADMINISTRATION OF THE PLAN
	  			
	 9.1
	  	 Plan Administration
	  	 	33	  
	 9.2
	  	 Claims Procedure
	  	 	34	  
	 9.3
	  	 Trust Agreement
	  	 	37	  

							
		
	 ARTICLE TEN—SPECIAL COMPLIANCE PROVISIONS
	  			
	 10.1
	  	 Distribution of Excess Elective Deferrals
	  	 	38	  
	 10.2
	  	 Limitations on 401(k) Contributions
	  	 	39	  
	 10.3
	  	 Nondiscrimination Test for Employer Matching Contributions and After-Tax Contributions
	  	 	42	  
		
	 ARTICLE ELEVEN—LIMITATION ON ANNUAL ADDITIONS
	  			
	 11.1
	  	 Rules and Definitions
	  	 	46	  
		
	 ARTICLE TWELVE—AMENDMENT AND TERMINATION
	  			
	 12.1
	  	 Amendment
	  	 	50	  
	 12.2
	  	 Termination of the Plan
	  	 	50	  
		
	 ARTICLE THIRTEEN—TOP-HEAVY PROVISIONS
	  			
	 13.1
	  	 Applicability
	  	 	52	  
	 13.2
	  	 Definitions
	  	 	52	  
	 13.3
	  	 Allocation of Employer Contributions and Forfeitures for a Top-Heavy Plan Year
	  	 	54	  
	 13.4
	  	 Vesting
	  	 	55	  
		
	 ARTICLE FOURTEEN—MISCELLANEOUS PROVISIONS
	  			
	 14.1
	  	 Plan Does Not Affect Employment
	  	 	56	  
	 14.2
	  	 Successor to the Employer
	  	 	56	  
	 14.3
	  	 Repayments to the Employer
	  	 	56	  
	 14.4
	  	 Benefits not Assignable
	  	 	56	  
	 14.5
	  	 Merger of Plans
	  	 	57	  
	 14.6
	  	 Investment Experience not a Forfeiture
	  	 	57	  
	 14.7
	  	 Construction
	  	 	57	  
	 14.8
	  	 Governing Documents
	  	 	57	  
	 14.9
	  	 Governing Law
	  	 	57	  
	 14.10
	  	 Headings
	  	 	57	  
	 14.11
	  	 Counterparts
	  	 	57	  
	 14.12
	  	 Location of Participant or Beneficiary Unknown
	  	 	58	  
	 14.13
	  	 Distribution to Minor or Legally Incapacitated
	  	 	58	  

 ARTICLE ONE—DEFINITIONS 

For purposes of the Plan, unless the context or an alternative definition specified within another Article provides otherwise, the following words and phrases
shall have the definitions provided: 
  

	1.1	“ACCOUNT” shall mean the individual bookkeeping accounts maintained for a Participant under the Plan which shall record (a) the Participant’s allocations of Employer contributions and
forfeitures, (b) amounts of Compensation deferred to the Plan pursuant to the Participant’s election, (c) any amounts transferred to this Plan under Section 4.3 from another qualified retirement plan, or from another qualified
plan in connection with a plan merger, (d) any after-tax contributions made to the Plan under Section 4.5, and (e) the allocation of Trust investment experience. 

 

	1.2	“ADMINISTRATOR” shall mean the Plan Administrator appointed from time to time m accordance with the provisions of Article Nine hereof. 

 

	1.3	“BENEFICIARY” shall mean any person, trust, organization, or estate entitled to receive payment under the terms of the Plan upon the death of a Participant. 

 

	1.4	“BREAK IN SERVICE” shall have the meaning set forth in Article Two. 

  

	1.5	“CODE” shall mean the Internal Revenue Code of 1986, as amended from time to time. 

  

	1.6	“COMPENSATION” shall mean the base compensation paid to a Participant by the Employer for the Plan Year, exclusive of any amounts deferred under any other program of deferred compensation, any
additional benefits payable other than in cash and any compensation received prior to his becoming a Participant in the Plan. In addition, and solely with respect to an Employee who is a Local 341 Granite State Employee, a Local B341
Northern-Portland Employee or a Local 12012-6 Northern-Portsmouth Employee, Compensation shall mean straight time wages, exclusive of all daily or weekly overtime, bonuses, supplementary compensation payments, retirement benefits and other forms of
nonrecurring compensation, but inclusive of shift differentials, Saturday/Sunday premiums and compensation paid at an alternative rate. Compensation shall, however, include any amounts deferred under a salary reduction agreement in accordance with
Section 4.1 or under a Code Section 125 plan maintained by the Employer. Notwithstanding the foregoing and solely with respect to a Participant who is not a Local 341 Granite State Employee, a Local B341 Northern-Portland Employee or a
Local 12012-6 Northern-Portsmouth Employee, (a) for purposes of Section 4.1, such Participant may elect to have his Compensation include overtime, bonuses, commissions and incentive payments, and (b) Compensation for purposes of
Section 4.2 shall nevertheless be exclusive of overtime pay and commissions. 

  
 1 

 Any compensation described in this Section 1.6 does not fail to be Compensation merely
because it is paid after the Participant’s severance from employment with the Employer, provided the Compensation is paid by the later of
21/2 months after severance from employment with the Employer or the end of the Plan Year that includes the date of severance from
employment. However, any overtime, bonuses, commissions or incentive payments shall not be taken into account. 
 In addition, payment for
unused accrued bona fide sick, vacation or other leave shall be included as Compensation if (i) the Participant would have been able to use the leave if employment had continued, (ii) such amounts are paid by the later of 21/2 months after severance from employment with the Employer or the end of the Plan Year that includes the date of severance from employment, and
(iii) such amounts would have been included as Compensation if they were paid prior to the Participant’s severance from employment with the Employer. 

In addition to other applicable limitations set forth in the Plan, and notwithstanding any other provision of the Plan to the contrary, the
annual Compensation of each Participant taken into account under the Plan shall not exceed $245,000 for the 2009 calendar year, and shall be adjusted annually by the Secretary of the Treasury or his delegate for increases in the cost of living in
accordance with Section 401(a)(l7)(B) of the Code. The cost-of-living adjustment in effect for a calendar year applies to any period, not exceeding twelve (12) months, over which Compensation is determined (determination period) beginning
in such calendar year. If a determination period consists of fewer than twelve (12) months, the annual compensation limit shall be multiplied by a fraction, the numerator of which is the number of months in the determination period, and the
denominator of which is twelve (12). 
 For purposes of determining who is a Highly-Compensated Employee, Compensation shall mean
“Compensation” as defined in Section 414(s) of the Code. 
 For purposes of applying the limitations described in
Section 11.1, and for purposes of defining compensation under Section 1.13 and Article Thirteen of the Plan, compensation paid or made available during such limitations years (or Plan Years) shall include elective amounts that are not
includible in the gross income of the Employee by reason of Section 125, 132(f)(4), 402(g)(3), 402(h)(l)(B), 457(b) or 403(b) of the Code. 
  

	1.7	“DISABILITY” shall mean a “permanent and total” disability incurred by a Participant while in the employ of the Employer. A Participant shall be deemed “disabled” if (a) he is
unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment as determined by the Administrator and based upon appropriate medical advice and examination furnished by a licensed physician
approved by the Administrator, (b) on evidence that the Participant is eligible for disability benefits under any long-term disability plan sponsored by the Employer but administrated by an independent third party, or (c) on evidence that
the Participant is eligible for total and permanent disability benefits under the Social Security Act in effect at the date of Disability. 

  
 2 

	1.8	“EFFECTIVE DATE.” The Plan’s initial Effective Date was January 1, 1985. The Effective Date of this restated Plan, on and after which it supersedes the terms of the existing Plan document, is
January 1, 2009, except where the provisions of the Plan (or the requirements of applicable law) shall otherwise specifically provide. The rights of any Participant who terminated employment with the Employer prior to the applicable date shall
be established under the terms of the Plan and Trust as in effect at the time of the Participant’s termination from employment, unless the Participant subsequently returns to employment with the Employer, or unless otherwise provided under the
terms of the Plan. Rights of spouses and Beneficiaries of such Participants shall also be governed by those docun1ents. 

  

	1.9	“EMPLOYEE” shall mean a common Jaw employee of the Employer or of any other employer required to be aggregated with such Employer under Section 414(b), 414(c), 414(m) or 414(o) of the Code.

 The term “Employee” shall also include any Leased Employee deemed to be an Employee of any Employer described in
the previous paragraph as provided in Section 414(n) or 414(o) of the Code. 
  

	1.10	“EMPLOYER” shall mean Unitil Corporation and any subsidiary or affiliate which is a member of its “related group” (as defined in Section 2.5) which has adopted the Plan (a
“Participating Affiliate”), and shall include any successor(s) thereto which adopt this Plan. Any such subsidiary or affiliate of Unitil Corporation may adopt the Plan with the approval of its board of directors (or noncorporate
counterpart) subject to the approval of Unitil Corporation. The provisions of this Plan shall apply equally to each Participating Affiliate and its Employees except as specifically set forth in the Plan; provided, however, notwithstanding any other
provision of this Plan, the amount and timing of contributions under Article 4 to be made by any Employer which is a Participating Affiliate shall be made subject to the approval of Unitil Corporation. For purposes hereof, each Participating
Affiliate shall be deemed to have appointed Unitil Corporation as its agent to act on its behalf in all matters relating to the administration, amendment, termination of the Plan and the investment of the assets of the Plan. For purposes of the Code
and ERISA, the Plan as maintained by Unitil Corporation and the Participating Affiliates shall constitute a single plan rather than a separate plan of each Participating Affiliate. All assets in the Trust shall be available to pay benefits to all
Participants and their Beneficiaries. 

  

	1.11	“EMPLOYMENT DATE” shall mean the first date as of which an Employee is credited with an Hour of Service, provided that, in the case of a Break in Service, the Employment Date shall be the first date
thereafter as of which an Employee is credited with an Hour of Service. 

  

	1.12	“FAIL-SAFE CONTRIBUTION” shall mean a qualified nonelective contribution which is a contribution (other than matching contributions or Qualified Matching Contributions (within the meaning of
Section 10 .2)) made by the Employer and allocated to Participants’ accounts that the Participants may not elect to receive in cash until distribution from the Plan; that are nonforfeitable when made; and that are distributable only in
accordance with the distribution provisions under Section 401(k) of the Code and the regulations promulgated thereunder. 

  
 3 

	1.13	“HIGHLY-COMPENSATED EMPLOYEE” shall mean, effective for years beginning after December 31, 1996, any Employee of the Employer who: 

 

	 	(a)	was a five percent (5%) owner of the Employer (as defined in Section 416(i)(1) of the Code) at any time during the “determination year” or “look-back year”; or 

 

	 	(b)	earned more than $105,000 of Compensation from the Employer during the “look-back year” and was in the top twenty percent (20%) of Employees by Compensation for such year. The $105,000 amount shall be
adjusted at the same time and in the same manner as under Section 415(d) of the Code, except that the base period is the calendar quarter ending September 30, 1996. 

An Employee who terminated employment prior to the “determination year” shall be treated as a Highly-Compensated Employee for the
“determination year” if such Employee was a Highly-Compensated Employee when such Employee terminated employment, or was a Highly-Compensated Employee at any time after attaining age fifty-five (55). 

For purposes of this Section, the “determination year” shall be the Plan Year for which a determination is being made as to whether
an Employee is a Highly-Compensated Employee. The “look-back year” shall be the twelve (12) month period immediately preceding the “determination year”. 

 

	1.14	“HOUR OF SERVICE” shall have the meaning set forth below: 

  

	 	(a)	An Hour of Service is each hour for which an Employee is paid, or entitled to payment, for the performance of duties for the Employer, during the applicable computation period. 

 

	 	(b)	An Hour of Service is each hour for which an Employee is paid, or entitled to payment, by the Employer on account of a period of time during which no duties are performed (irrespective of whether the employment
relationship has terminated) due to vacation, holiday, illness, incapacity (including disability), layoff, jury duty, military duty, or leave of absence. Notwithstanding the preceding sentence, 

 

	 	(i)	No more than five hundred and one (501) Hours of Service shall be credited under this paragraph (b) to any Employee on account of any single continuous period during which the Employee performs no duties
(whether or not such period occurs in a single computation period). Hours under this paragraph will be calculated and credited pursuant to Section 2530.200b -2 of the Department of Labor Regulations which is incorporated herein by reference;

  
 4 

	 	(ii)	An hour for which an Employee is directly or indirectly paid, or entitled to payment, on account of a period during which no duties are performed shall not be credited to the Employee if such payment is made or due
under a plan maintained solely for the purpose of complying with applicable workmen’s compensation, or unemployment compensation or disability insurance laws; and 

 

	 	(iii)	Hours of Service shall not be credited for a payment which solely reimburses an Employee for medical or medically related expenses incurred by the Employee. 

For purposes of this paragraph (b), a payment shall be deemed to be made by or due from the Employer regardless of whether such payment is
made by or due from the Employer directly, or indirectly through, among others, a trust fund, or insurer, to which the Employer contributes or pays premiums and regardless of whether contributions made or due to the trust fund, insurer or other
entity are for the benefit of particular Employees or are on behalf of a group of Employees in the aggregate. 
  

	 	(c)	An Hour of Service is each hour for which back pay, irrespective of mitigation of damages, is either awarded or agreed to by the Employer. The same Hours of Service shall not be credited both under paragraph (a) or
paragraph (b), as the case may be, and under this paragraph (c). Thus, for example, an Employee who receives a back pay award following a determination that he was paid at an unlawful rate for Hours of Service previously credited shall not be
entitled to additional credit for the same Hours of Service. Crediting of Hours of Service for back pay awarded or agreed to with respect to periods described in paragraph (b) shall be subject to the limitations set forth in that paragraph.

  

	 	(d)	Hours of Service under this Section shall be determined under the terms of the Family and Medical Leave Act of 1993 and the Uniformed Services Employment and Reemployment Rights Act of 1994. 

In crediting Hours of Service for Employees who are paid on an hourly basis, the “actual” method shall be utilized. For this purpose,
the “actual” method shall mean the determination of Hours of Service from records of hours worked and hours for which the Employer makes payment or for which payment is due from the Employer, subject to the limitations enumerated above. In
crediting Hours of Service for Employees who are not paid on an hourly basis, the “days of employment” method shall be utilized. Under this method, an Employee shall be credited with ten (1 0) Hours of Service for each day for which the
Employee would be required to be credited with at least one ( 1) Hour of Service pursuant to the provisions enumerated above. 
 Hours of
Service shall be credited for employment with other members of an affiliated service group (under Section 414(m) of the Code), a controlled group of corporations (under Section 414(b) of the Code), or a group of trades or businesses under
common control (under Section 414(c) of the Code) of which the Employer is a member, and any other entity required to be aggregated under Section 414(o) of the Code. 

Hours of Service shall be credited for any individual considered an Employee for purposes of this Plan under Section 414(n) or
Section 414(o) of the Code. 

  
 5 

	1.15	“LEASED EMPLOYEE” shall mean any person (other than an employee of the recipient) who, pursuant to an agreement between the recipient Employer and any other person or organization, has
performed services for the recipient Employer (determined in accordance with Section 414(n)(6) of the Code) on a substantially full-time basis for a period of at least one (1) year and where such services are performed under the primary
direction or control of the recipient Employer. A person shall not be considered a Leased Employee if the total number of Leased Employees does not exceed twenty percent (20%) of the Nonhighly-Compensated Employees employed by the recipient
Employer, and if any such person is covered by a money purchase pension plan providing (a) a nonintegrated employer contribution rate of at least ten percent (10%) of compensation, as defined in Section 11.1(b)(2) of the Plan but
including amounts contributed pursuant to a salary reduction agreement which are excludable from the employee’s gross income under Sections 125, 402(e)(3), 402(g), 402(h)(l)(B), 403(b), or 457(b) of the Code, and shall also include elective
amounts that are not includible in the gross income of the Employee by reason of Section 132(f) of the Code, (b) immediate participation, and (c) full and immediate vesting. 

 

	1.16	“LOCAL 341 GRANITE STATE EMPLOYEE” is an Employee of Granite State Gas Transmission, Inc. who is covered under a collective bargaining agreement between Granite State Gas Transmission, Inc. and Utility
Workers Union of America, Local No. 341. 

  

	1.17	“LOCAL 8341 NORTHERN-PORTLAND EMPLOYEE” is an Employee of Northern Utilities, Inc. who is covered under a collective bargaining agreement between Northern Utilities, Inc., and Utility Workers Union of
America, Local Union No. 341. 

  

	1.18	“LOCAL 12012-6 NORTHERN-PORTSMOUTH EMPLOYEE” is an Employee of Northern Utilities, Inc. who is covered under a collective bargaining agreement between Northern Utilities, Inc. and United Steelworkers of
America, AFL-CIO-CLC, Local No. 12012-6. 

  

	1.19	“NONHIGHLY-COMPENSATED EMPLOYEE” shall mean an Employee of the Employer who is not a Highly-Compensated Employee. 

  

	1.20	“NORMAL RETIREMENT DATE” shall mean the Participant’s sixty-fifth (65) birthday. The date on which the Participant attains age sixty-five (65) shall be the Participant’s Normal
Retirement Age. 

  

	1.21	“PARTICIPANT” shall mean any Employee who has satisfied the eligibility requirements of Article Three and who is participating in the Plan. 

 

	1.22	“PLAN” shall mean the Unitil Corporation Tax Deferred Savings and Investment Plan, as set forth herein and as may be amended from time to time. 

  
 6 

	1.23	“PLAN YEAR” shall mean the twelve (12)-consecutive month period beginning January 1 and ending December 31. 

 

	1.24	“TRUST” shall mean the Trust Agreement entered into between the Employer and the Trustee forming part of this Plan, together with any amendments thereto. “Trust Fund” shall mean any and all
property held by the Trustee pursuant to the Trust Agreement, together with income therefrom. 

  

	1.25	“TRUSTEE” shall mean the Trustee or Trustees appointed by the Employer, and any successors thereto. 

  

	1.26	“VALUATION DATE” shall mean each day on which the New York Stock Exchange is open for business. 

  

	1.27	“YEAR OF SERVICE” or “SERVICE” and the special rules with respect to crediting Service are in Article Two of the Plan. 

  
 7 

 ARTICLE TWO—SERVICE DEFINITIONS AND RULES 

Service is the period of employment credited under the Plan. Definitions and special rules related to Service are as follows: 

 

	2.1	YEAR OF SERVICE. For purposes of determining an Employee’s eligibility to participate in the Plan, an Employee shall be credited with a Year of Service if he completes at least one thousand
(1,000) Hours of Service during the twelve (12)-consecutive month period commencing on his Employment Date. If an Employee fails to be credited with at least one thousand (1,000) Hours of Service during that computation period, he shall be
credited with a Year of Service if he is credited with at least one thousand (1,000) Hours of Service in any Plan Year commencing on or after his Employment Date. For purposes of determining an Employee’s nonforfeitable right to that portion of
his Account attributable to Employer contributions under the schedule set forth in Section 6.1, an Employee shall be credited with a Year of Service for each Plan Year in which he is credited with at least one thousand (1,000) Hours of
Service. For eligibility purposes, an Employee shall be credited with a Year of Service as of the last day of each such twelve (12) month period. For vesting purposes, an Employee shall be credited with a Year of Service upon completion of the one thousandth (1,000th) hour in each such twelve (12)-month period. 

For an employee of Northern Utilities, Inc. who becomes an Employee on the date of the acquisition of Northern Utilities, Inc. by Unitil
Corporation, service with Northern Utilities, Inc. and NiSource, Inc. and any other affiliates or predecessor companies shall be included in determining his Years of Service or consecutive days of employment for both eligibility to participate in
the Plan and for determining the nonforfeitable portion of his Account. 
 For an employee of Granite State Gas Transmission, Inc. who
becomes an Employee on the date of the acquisition of Granite State Gas Transmission, Inc. by Unitil Corporation, service with Granite State Gas Transmission, Inc. and NiSource, Inc. and any other affiliates or predecessor companies shall be
included in determining his Years of Service for both eligibility to participate in the Plan and for determining the nonforfeitable portion of his Account. 
  

	2.2	BREAK IN SERVICE. A Break in Service shall be a twelve (12)-month computation period (as used for measuring Years of Service for vesting purposes) in which an Employee or Participant is not credited with at least
five hundred and one (501) Hours of Service. 

  

	2.3	LEAVE OF ABSENCE. A Participant on an unpaid leave of absence pursuant to the Employer’s normal personnel policies shall be credited with Hours of Service at his regularly-scheduled weekly rate while
on such leave, provided the Employer acknowledges in writing that the leave is with its approval. These Hours of Service shall be credited only for purposes of determining if a Break in Service has occurred and, unless specified otherwise by the
Employer in writing, shall not be credited for eligibility to participate in the Plan, vesting, or qualification to receive an allocation of Employer contributions and forfeitures. Hours of Service during a paid leave of absence shall be credited as
provided in Section 1.14. 

  
 8 

 For any individual who is absent from work for any period by reason of the individual’s
pregnancy, birth of the individual’s child, placement of a child with the individual in connection with the individual’s adoption of the child, or by reason of the individual’s caring for the child for a period beginning immediately
following such birth or adoption, the Plan shall treat as Hours of Service, solely for determining if a Break in Service has occurred, the following Hours of Service: 
  

	 	(a)	the Hours of Service which otherwise normally would have been credited to such individual but for such absence; or 

  

	 	(b)	in any case where the Administrator is unable to determine the Hours of Service, on the basis of an assumed eight (8) hours per day. 

In no event shall more than five hundred and one (501) of such hours be credited by reason of such period of absence. The Hours of Service
shall be credited in the computation period (used for measuring Years of Service for vesting purposes) which starts after the leave of absence begins. However, the Hours of Service shall instead be credited in the computation period in which the
absence begins if it is necessary to credit the Hours of Service in that computation period to avoid the occurrence of a Break in Service. 
  

	2.4	RULE OF PARITY ON RETURN TO EMPLOYMENT. An Employee who returns to employment after a Break in Service shall retain credit for his pre-Break Years of Service, subject to the following rules: 

 

	 	(a)	If a Participant incurs five (5) or more consecutive Breaks in Service, any Years of Service performed thereafter shall not be used to increase the nonforfeitable interest in his Account accrued prior to such five
(5) or more consecutive Breaks in Service. 

  

	 	(b)	If when a Participant incurred a Break in Service, he was not vested in any portion of his Account derived from Employer contributions, his pre-Break Years of Service shall be disregarded if his consecutive Breaks in
Service equal or exceed five (5). Effective for Plan Years beginning on and after January 1, 2006, the words “derived from Employer contributions” shall be removed from the preceding sentence. 

Subject to the preceding paragraphs of this Section, an Employee’s pre-Break Years of Service and post-Break Years of Service shall count
in determining the vested percentage of the Employee’s Account derived from all Employer contributions (i.e., Employer contributions attributable to employment before and after the Employee’s Break in Service). 

 

	2.5	SERVICE IN EXCLUDED JOB CLASSIFICATIONS OR WITH RELATED COMPANIES 

  

	 	(a)	 Service while a Member of an Ineligible Classification of Employees. An Employee who is a member of an ineligible classification of
Employees shall not be eligible to participate in the Plan while a member of such ineligible classification. However, if any 

  
 9 

	 	
such Employee is transferred to an eligible classification, such Employee shall be credited with any prior Years of Service completed while a member of such an ineligible classification. For this
purpose, an Employee shall be considered a member of an ineligible classification of Employees for any period during which he is employed in a job classification which is excluded from participating in the Plan under Section 3.1 below.

  

	 	(b)	Service with Related Group Members. Subject to Section 2.1, for each Plan Year in which the Employer is a member of a “related group”, as hereinafter defined, all Service of an Employee or
Leased Employee (hereinafter collectively referred to as “Employee” solely for purposes of this Section 2.5(b)) with any one or more members of such related group shall be treated as employment by the Employer for purposes of
determining the Employee’s Years of Service. The transfer of employment by any such Employee to another member of the related group shall not be deemed to constitute a retirement or other termination of employment by the Employee for purposes
of this Section, but the Employee shall be deemed to have continued in employment with the Employer for purposes of determining the Employee’s Years of Service. For purposes of this subsection (b), “related group” shall mean the
Employer and all corporations, trades or businesses (whether or not incorporated) which constitute a controlled group of corporations with the Employer, a group of trades or businesses under common control with the Employer, or an affiliated service
group which includes the Employer, within the meaning of Section 414(b), Section 414(c), or Section 414(m), respectively, of the Code or any other entity required to be aggregated under Code Section 414(o). 

 

	 	(c)	Construction. This Section is included in the Plan to comply with the Code provisions regarding the crediting of Service, and not to extend any additional rights to Employees in ineligible classifications
other than as required by the Code and regulations thereunder. 

  
 10 

 ARTICLE THREE—PLAN PARTICIPATION 

 

	3.1	PARTICIPATION. All Employees participating in the Plan prior to the Plan’s restatement shall continue to participate, subject to the terms hereof. 

Each other Employee shall become a Participant under the Plan effective as of the first day of the calendar month, or as soon as
administratively possible thereafter, following the later of the Employee’s completion of one (1) Year of Service and attainment of age eighteen (18). 

Notwithstanding the provisions of this Section 3.1 to the contrary, (a) a Local 341 Granite State Employee and a Local B341
Northern-Portland Employee shall become a Participant under the Plan effective as of the first day of the month, or as soon as administratively possible thereafter, following such Employee’s completion of one (1) Year of Service, and
(b) a Local 12012-6 Northern-Portsmouth Employee shall become a Participant under the Plan effective as of the first day of the month, or as soon as administratively possible thereafter, following such Employee’s completion of sixty
(60) consecutive days of employment as an Employee. 
 Notwithstanding the provisions of this Section 3.1 to the contrary, an
employee of Northern Utilities, Inc., who both becomes an Employee on the date of acquisition of Northern Utilities, Inc. by Unitil Corporation and has met the age and service requirements described above, shall become a Participant under the Plan
as soon as administratively feasible on or after the acquisition date. 
 Notwithstanding the provisions of this Section 3.1 to the
contrary, an employee of Granite State Gas Transmission, Inc., who both becomes an Employee on the date of acquisition of Granite State Gas Transmission, Inc. by Unitil Corporation and has met the age and service requirements described above, shall
become a Participant under the Plan as soon as administratively feasible on or after the acquisition date. 
 In no event, however, shall any
Employee (or other individual) participate under the Plan while he is: (i) included in a unit of Employees covered by a collective bargaining agreement between the Employer and the Employee representatives under which retirement benefits were
the subject of good faith bargaining, unless the terms of such bargaining agreement expressly provides for the inclusion in the Plan; (ii) employed as an independent contractor on the payroll records of the Employer (regardless of any
subsequent reclassification by the Employer, any governmental agency or court); (iii) employed as a Leased Employee; or (iv) employed as a nonresident alien who receives no earned income (within the meaning of Section 911 ( d)(2) of
the Code) from the Employer which constitutes income from sources within the United States (within the meaning of Section 86l(a)(3) of the Code). 
  

	3.2	RE-EMPLOYMENT OF FORMER PARTICIPANT. A vested Participant (or a nonvested Participant whose prior Service cannot be disregarded) whose participation ceased because of termination of employment with the Employer
shall resume participating upon his reemployment as an eligible Employee; provided, however, that such an individual shall be entitled to commence elective deferrals (within the meaning of Section 4.1) as soon as administratively possible
following his return to participation in the Plan. 

  
 11 

	3.3	TERMINATION OF ELIGIBILITY. In the event a Participant is no longer a member of an eligible class of Employees and he becomes ineligible to participate, such Employee shall resume participating upon his return to
an eligible class of Employees; provided, however, that such an individual shall be entitled to commence elective deferrals (within the meaning of Section 4.1) as soon as administratively possible following his return to participation in the
Plan. 

 In the event an Employee who is not a member of an eligible class of Employees becomes a member of an eligible class,
such Employee shall participate upon becoming a member of an eligible class of Employees, if such Employee has otherwise satisfied the eligibility requirements of Section 3.1 and would have otherwise previously become a Participant; provided,
however, that such an individual shall be entitled to commence elective deferrals (within the meaning of Section 4.1) as soon as administratively possible following his becoming a Participant. 

 

	3.4	COMPLIANCE WITH USERRA. Notwithstanding any provision of this Plan to the contrary, Participants shall receive service credit and be eligible to make deferrals and receive Employer contributions with respect to
periods of qualified military service (within the meaning of Section 414(u)(5) of the Code) in accordance with Section 414(u) of the Code. 

  
 12 

 ARTICLE FOUR—ELECTIVE DEFERRALS, EMPLOYER CONTRIBUTIONS, ROLLOVERS 

AND TRANSFERS FROM OTHER PLANS 
  

	4.1	ELECTIVE DEFERRALS 

  

	 	(a)	Elections. A Participant may elect to defer a portion of his Compensation for a Plan Year on a pre-tax basis. The amount of a Participant’s Compensation contributed in accordance with the
Participant’s election shall be withheld by the Employer from the Participant’s Compensation on a ratable basis throughout the Plan Year. The amount deferred on behalf of each Participant shall be contributed by the Employer to the Plan
and allocated to the portion of the Participant’s Account consisting of pre-tax contributions. 

 Each Participant may
elect to contribute in the aggregate from one percent (1%) to eighty-five percent (85%) of such Participant’s Compensation as a pre-tax contribution. 

Notwithstanding the provisions of this Section 4.1 to the contrary, a Participant who is a Local 341 Granite State Employee, a Local B341
Northern-Portland Employee or a Local 12012-6 Northern-Portsmouth Employee may elect to contribute from one percent (1%) to seventy-five percent (75%) of his Compensation. 

 

	 	(b)	Changes in Election. A Participant may prospectively elect to change or revoke the amount (or percentage) of his elective deferrals during the Plan Year by filing a written election with the Employer, or
via such other method as permitted by applicable law. 

  

	 	(c)	Limitations on Deferrals. Except to the extent permitted under Section 4.1(e), no Participant shall be permitted to make elective deferrals during any taxable year in excess of the dollar limitation
contained in Section 402(g) of the Code in effect for such taxable year. 

  

	 	(d)	Administrative Rules. All elections made under this Section 4.1, including the amount and frequency of deferrals, shall be subject to the rules of the Administrator which shall be consistently applied
and which may be changed from time to time. 

  

	 	(e)	Catch-up Contributions. All Participants who are eligible to make elective deferrals under Section 4.1(a) and who have attained age fifty (50) before the close of the taxable year shall be
eligible to make catch-up contributions in accordance with, and subject to the limitations of, Section 414(v) of the Code. 

Such catch-up contributions shall not be taken into account for purposes of the provisions of the Plan implementing the required limitations
of Section 402(g) and 415 of the Code. The Plan shall not be treated as failing to satisfy the requirements of the Plan implementing the requirements of Section 40l(k)(3), 401(k)(11), 401(k)(l2), 402A, 410(b), or 416 of the Code, as
applicable, by reason of the making of such catch-up contributions. Any intended catch-up contribution shall not be subject to an Employer match. 

  
 13 

	4.2	EMPLOYER CONTRIBUTIONS 

 Employer Matching Contributions. For each payroll
period, the Employer may contribute to the Plan, on behalf of each Participant, a discretionary matching contribution equal to a percentage (as determined by the Employer’s board of directors) of the elective deferrals (within the
meaning of Section 4.1) and/or after-tax contributions (under Section 4.5) made by each such Participant; provided, however, that the amount of such Employer matching contribution for any Participant in a Plan Year shall not exceed
three percent (3%) of the Participant’s Compensation for the period during which elective deferrals and/or after-tax contributions are made by the Participant. 

Notwithstanding the provisions of this Section 4.2 to the contrary and solely with respect to a Participant who is a Local 341 Granite
State Employee, a Local B341 Northern-Portland Employee or a Local 12012-6 Northern-Portsmouth Employee, for each payroll period the Employer shall contribute to the Plan, on behalf of each such Participant who has completed a Year of Service, a
matching contribution in an amount equal to 50% of the pre-tax elective deferrals made by such Participant during the payroll period which do not exceed 5% of Compensation of such Participant. Employer matching contributions shall commence with the
payroll after the first day of the month following such Participant’s completion of one Year of Service. 
 The Employer’s board of
directors may also determine to suspend or reduce its contributions under this Section for any Plan Year or any portion thereof. Allocations under this Section shall be subject to the special rules of Section 13.3 in any Plan Year in which the
Plan is a Top-Heavy Plan (as defined in Section 13.2(b)). 
  

	4.3	ROLLOVERS AND TRANSFERS OF FUNDS FROM OTHER PLANS. With the approval of the Administrator, there may be paid to the Trustee amounts which have been held under the following types of plans: 

 

	 	(l)	a qualified plan described in Section 40l(a) or 403(a) of the Code, excluding after-tax employee contributions and excluding designated Roth contributions under Section 402A of the Code; 

 

	 	(2)	an annuity contract described in Section 403(b) of the Code, excluding after-tax employee contributions, and excluding designated Roth contributions under Section 402A of the Code; 

 

	 	(3)	an eligible plan under Section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state, excluding
after-tax employee contributions; and 

  

	 	(4)	an individual retirement account which was used solely as a conduit from a qualified plan described in Section 401 (a) of the Code, excluding after-tax employee contributions. 

  
 14 

 Any amounts so transferred on behalf of any Employee shall be nonforfeitable and shall be
maintained under a separate Plan account, to be paid in addition to amounts otherwise payable under this Plan. The amount of any such account shall be equal to the fair market value of such account as adjusted for income, expenses, gains, losses,
and withdrawals attributable thereto. 
 Notwithstanding anything contained herein to the contrary, in no event shall the Administrator
accept on behalf of any Employee a transfer of funds from a qualified plan which would subject the Plan to the provisions of Section 401(a)(11) of the Code. 

An Employee who would otherwise be eligible to participate in the Plan but for the failure to satisfy the age and/or service requirement for
participation as set forth under Section 3.1, shall be eligible to complete a rollover to the Plan. Such an Employee shall also be eligible to obtain a loan or withdrawal in accordance with the provisions of Article Eight prior to satisfying
such age and/or service requirement. 
  

	4.4	TIMING OF CONTRIBUTIONS. Employer contributions shall be made to the Plan no later than the time prescribed by law for filing the Employer’s federal income tax return (including extensions) for its taxable
year ending with or within the Plan Year. Elective deferrals under Section 4.1 shall be paid to the Plan as soon as administratively possible, but no later than the fifteenth (15th ) business
day of the month following the month in which such deferrals would have been payable to the Participant in cash, or such later date as permitted or prescribed by the Department of Labor. 

 

	4.5	EMPLOYEE AFTER-TAX CONTRIBUTIONS. A Participant shall be permitted to make after-tax contributions to the Plan in accordance with procedures established by the Administrator which shall be consistently applied
and which may be changed from time to time. A Participant may prospectively elect to change or revoke the amount (or percentage) of his after-tax contributions during the Plan Year in accordance with procedures established by the Administrator.

 Employee after-tax contributions shall be subject to the limitations under Section 10.3 and Section 11.1 and for
any Participant shall not, when combined with his deferrals under Section 4.1, exceed the limitations of Section 4.1. 
 Any
after-tax contributions made by a Participant shall be contributed by the Employer to the Plan and allocated to the portion of the Participant’s Account consisting of after-tax contributions. A Participant shall have a nonforfeitable interest
at all times in that portion of his Account attributable to any after-tax contributions made to the Plan pursuant to this Section 4.5. Any such after-tax contributions shall be distributed at the same time as other vested benefits would be
distributed under the Plan. 

  
 15 

 ARTICLE FIVE—ACCOUNTING RULES 

 

	5.1	INVESTMENT OF ACCOUNTS AND ACCOUNTING RULES 

  

	 	(a)	Investment Funds. The investment of Participants’ Accounts shall be made in a manner consistent with the provisions of the Trust. The Administrator, in its discretion, may allow the Trust to provide
for separate funds for the directed investment of each Participant’s Account. If investments are permitted in Employer stock, a separate Employer stock fund shall be created and a portion of such stock fund shall be invested in cash and cash
equivalents for liquidity purposes. 

  

	 	(b)	Participant Direction of Investments. In the event Participants’ Accounts are subject to their investment direction, each Participant (including, for this purpose, any former Employee, Beneficiary, or
“alternate payee” (within the meaning of Section 14.4 below) with an Account balance) may direct how his Account or such portion thereof which is subject to his investment direction is to be invested among the available investment
funds in the percentage multiples established by the Administrator. In the event a Participant fails to make an investment election, with respect to all or any portion of his Account subject to his investment direction, the Trustee shall invest all
or such portion of his Account in the investment fund to be designated by the Administrator. A Participant may change his investment election, with respect to future contributions and, if applicable, forfeitures, and/or amounts previously
accumulated in the Participant’s Account in accordance with procedures established by the Administrator. Any such change in a Participant’s investment election shall be effective at such time as may be prescribed by the Administrator.
However, where it deems appropriate, and subject to the requirements of applicable law, the Administrator may decline to implement, or otherwise limit the frequency by which a Participant may direct the investment of his Account. If the Plan’s
recordkeeper or investments are changed, the Administrator may apply such administrative rules and procedures as are necessary to provide for the transfer of records and/or assets, including without limitation, the suspension of Participant’s
investment directions, withdrawals and distributions for such period of time as is necessary, and the transfer of Participants’ Accounts to designated funds or an interest bearing account until such change has been completed. 

Notwithstanding the foregoing, if, pursuant to Section 4.02 of the Trust, an investment manager (within the meaning of Section 3(38)
of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”)) is appointed by a named fiduciary pursuant to Section 402(c)(3) of ERISA, a Participant may elect to have such investment manager direct the investment of
his Account in accordance with the provisions of the preceding paragraph. 
  

	 	(c)	Allocation of Investment Experience. As of each Valuation Date, the investment fund(s) of the Trust shall be valued at fair market value, and the income, loss, appreciation and depreciation (realized and
unrealized), and any paid expenses of the Trust attributable to such fund shall be apportioned among Participants’ Accounts within the fund based upon the value of each Account within the fund as of the preceding Valuation Date.

  
 16 

	 	(d)	Allocation of Contributions. Employer contributions shall be allocated to the Account of each eligible Participant as of the last day of the period for which the contributions are made, or as soon as
administratively possible thereafter. Forfeitures which arise in a Plan Year shall be allocated as of the last day of such Plan Year, or as soon as administratively possible thereafter. 

 

	 	(e)	Manner and Time of Debiting Distributions. For any Participant who is entitled to receive a distribution from his Account, such distribution shall be made in accordance with the provisions of
Section 7.1 and Section 7.2. The amount distributed shall be based upon the fair market value of the Participant’s vested Account as of the Valuation Date preceding the distribution. 

  
 17 

 ARTICLE SIX—VESTING AND RETIREMENT BENEFITS 

 

	6.1	VESTING. A Participant shall at all times have a nonforfeitable (vested) right to his Account derived from elective deferrals (within the meaning of Section 4.1), after-tax contributions (under
Section 4.5), Employer Fail-Safe Contributions, “Qualified Matching Contributions” (within the meaning of Section 10.2 below), and rollovers or transfers from other plans, as adjusted for investment experience. Except as
otherwise provided with respect to Normal Retirement, Disability, or death, a Participant shall have a nonforfeitable (vested) right to a percentage of the value of his Account derived from Employer matching contributions under Section 4.2 as
follows: 

  

					
	 Years of Service
	  	Vested Percentage	 
	 Less than 1 year
	  	 	0	% 
	 1 year but less than 2
	  	 	33	% 
	 2 years but less than 3
	  	 	67	% 
	 3 years and thereafter
	  	 	100	% 

 Notwithstanding the provisions of this Section 6.1 to the contrary, a Participant who is either a Local
341 Granite State Employee, a Local B 341 Northern-Portland Employee or a Local 12012-6 Northern-Portsmouth Employee shall at all times have a nonforfeitable (vested) right to his account derived from elective deferrals, after-tax contributions,
Employer matching contributions under Section 4.2, Employer Fail-Safe Contributions under Section 10.2, other Employer contributions pursuant to Section 10.2 and/or 10.3, and rollovers or transfers from other plans, as adjusted for
investment experience. 
  

	6.2	FORFEITURE OF NONVESTED BALANCE. The nonvested portion of a Participant’s Account, as determined in accordance with Section 6.1, shall be forfeited as of the earlier of (i) as soon as
administratively practical following the date on which the Participant receives distribution of his vested Account or (ii) as soon as administratively practical after the last day of the Plan Year in which the Participant incurs five
(5) consecutive Breaks in Service. However, no forfeiture shall occur solely as a result of a Participant’s withdrawal of Employee after-tax contributions. The amount forfeited shall be used to pay Plan administrative expenses, used to
reduce Employer contributions under Section 4.2 or used to restore previously forfeited amounts under this Section 6.2. 

If the Participant returns to the employment of the Employer prior to incurring five (5) consecutive Breaks in Service, and prior to
receiving distribution of his vested Account, the nonvested portion shall remain in the Participant’s Account. However, if the nonvested portion of the Participant’s Account was allocated as a forfeiture as the result of the Participant
receiving distribution of his vested Account balance (including a “deemed” distribution under Section 7.2), the nonvested portion shall be restored if: 
  

	 	(a)	the Participant resumes employment prior to incurring five (5) consecutive Breaks in Service; and 

  
 18 

	 	(b)	the Participant repays to the Plan, as of the earlier of (i) the date which is five (5) years after his reemployment date or (ii) the date which is the last day of the period in which the Participant
incurs five (5) consecutive Breaks in Service, an amount equal to the total distribution derived from Employer contributions under Section 4.2 and, if applicable, Section 13.3. 

Upon repayment, the Employer-derived benefit required to be restored by this Section shall not be less than in the account balance of the
Employee, both the amount distributed and the amount forfeited, unadjusted by any subsequent gains or losses. The amount required to be restored shall be made by a special Employer contribution or from the next succeeding Employer contribution and
forfeitures, as appropriate. 
 Any Years of Service for which a Participant received a cash-out shall be recognized for purposes of vesting
and eligibility under the Plan. 
  

	6.3	DISTRIBUTION OF LESS THAN ENTIRE VESTED ACCOUNT BALANCE. If a distribution (including a withdrawal) of any portion of a Participant’s Account is made to the Participant at a time when he has a vested
percentage in such Account equal to less than one-hundred percent (100%), a separate record shall be maintained of said Account balance. The Participant’s vested interest at any time in this separate account shall be an amount equal to the
formula P(AB+D)-D, where P is the vested percentage at the relevant time, AB is the Account balance at the relevant time, and D is the amount of the distribution (or withdrawal) made to the Participant. 

 

	6.4	NORMAL RETIREMENT. A Participant who is in the employment of the Employer at his Normal Retirement Age shall have a nonforfeitable interest in one hundred percent (1 00%) of his Account, if not otherwise one
hundred percent (100%) vested under the vesting schedule in Section 6.1. A Participant who continues employment with the Employer after his Normal Retirement Age shall continue to participate under the Plan. 

 

	6.5	DISABILITY. If a Participant incurs a Disability, the Participant shall have a nonforfeitable interest in one hundred percent (100%) of his Account, if not otherwise one hundred percent (1 00%) vested under
the vesting schedule in Section 6.1. Payment of such Participant’s Account balance shall be made at the time and in the manner specified in Article Seven, following receipt by the Administrator of the Participant’s written
distribution request. 

  
 19 

 ARTICLE SEVEN—MANNER AND TIME OF DISTRIBUTING BENEFITS 

 

	7.1	MANNER OF PAYMENT. The Participant’s vested Account shall be distributed to the Participant (or to the Participant’s Beneficiary in the event of the Participant’s death) by any of the following
methods, as elected by the Participant or, when applicable, the Participant’s Beneficiary: 

  

	 	(a)	in a single lump-sum payment; or 

  

	 	(b)	provided the Participant’s vested Account exceeds $1,000, in partial lump-sum payments, subject to rules and procedures established by the Administrator; or 

 

	 	(c)	provided the Participant’s vested Account exceeds $5,000, in periodic installments (at least annual) subject to the following provisions of this Article Seven; or 

 

	 	(d)	to the extent the Participant’s vested Account is invested in employer securities (within the meaning of Section 407(d)(l) of the Employee Retirement Income Security Act of 1974), in a single payment in the
form of whole shares of stock, with any fractional shares, and the cash and cash equivalent portions of the underlying unitized stock account, being distributed in cash. 

In addition, a Participant who elects installments under (c) above may subsequently revise such election, even after installment payments
have commenced, and elect to (1) change the period in which installment payments are paid, provided the period does not exceed the period permitted by the Plan, and such change does not violate the minimum required distribution requirements of
IRS Treasury Regulation 1.401(a)(9), as set forth under Section 7.4, or (2) receive the remainder of his vested Account in the form of a single lump-sum cash payment. 

 

	7.2	TIME OF COMMENCEMENT OF BENEFIT PAYMENTS. Subject to the following provisions of this Section, unless the Participant elects otherwise, distribution of the Participant’s vested Account shall normally be made
or commence no later than the sixtieth ( 60) day after the later of the close of the Plan Year in which: (a) the Participant attains age sixty-five (65) (or Normal Retirement Date, if earlier), (b) occurs the tenth (10th) anniversary of the year in which the Participant commenced participation in the Plan, or (c) the Participant severs employment with the Employer. Distribution shall not be made to a
Participant without his consent (and spouse’s consent, if required) if his vested Account exceeds $1,000 and such Account is immediately distributable (within the meaning of Section 1.41l(a)-1l(c)(4) of the IRS Regulations).

 Notwithstanding the foregoing, upon the Administrator’s actual knowledge of a pending divorce or divorce proceeding, or
the issuance (or possible issuance) of a domestic relations order regarding a Participant’s Account, such Account shall be frozen to prevent the Participant from taking withdrawals, loans or distributions against the portion of the Account,
subject to, or potentially subject to, the domestic relations order. This freeze shall be removed promptly following the qualification of the domestic relations order in accordance with the Plan’s procedures or at such earlier time as the
Administrator may reasonably determine. 

  
 20 

 Notwithstanding the foregoing, if the Participant’s vested Account does not exceed $1,000,
the Participant’s entire vested Account shall be distributed to the Participant (or, in the event of the Participant’s death, his Beneficiary) in a lump-sum payment as soon as administratively practicable following the date the Participant
retires, dies or otherwise terminates from employment. 
 A Participant who is not vested in any portion of his Account shall be deemed to
have received distribution of such portion of his Account as of the end of the Plan Year following the Plan Year in which he terminates from employment. 

In no event shall distribution of the Participant’s vested Account be made or commence later than the April 1st following the end of
the calendar year in which the Participant attains age seventy and one-half (701/2), or, except for a Participant who is a five percent
(5%) owner of the Employer (within the meaning of Section 40l(a)(9)(C) of the Code), if later, the April 1st following the calendar year in which the Participant retires from employment with the Employer (the “required beginning
date”). 
  

	7.3	FURNISHING INFORMATION. Prior to the payment of any benefit under the Plan, each Participant or Beneficiary may be required to complete such administrative forms and furnish such proof as may be deemed necessary
or appropriate by the Employer, Administrator, and/or Trustee. 

  

	7.4	MINIMUM DISTRIBUTION REQUIREMENTS. 

  

	 	(a)	General Rules. 

  

	 	(1)	Effective Date. The provisions of this Article will apply for purposes of determining required minimum distributions. Unless otherwise specified, the provisions of this Article will apply to calendar years
beginning after December 31,2002. 

  

	 	(2)	Precedence. The requirements of this Article will take precedence over any inconsistent provisions of the Plan; provided, however, that this Article shall not require the Plan to provide any form of benefit, or
any option, not otherwise provided under Section 7.1. 

  

	 	(3)	Requirements of Treasury Regulations Incorporated. All distributions required under this Article will be determined and made in accordance with the Treasury regulations under Section 401( a)( 9) of the Code
and the minimum distribution incidental benefit requirement of Section 40l(a)(9)(G) of the Code. 

  
 21 

	 	(b)	Time and Manner of Distribution 

  

	 	(1)	Required Beginning Date. The Participant’s entire interest will be distributed, or begin to be distributed, to the Participant no later than the Participant’s required beginning date. 

 

	 	(2)	Death of Participant Before Distributions Begin. If the Participant dies before distributions begin, the Participant’s entire interest will be distributed, or begin to be distributed, no later than as
follows: 

  

	 	(A)	If the Participant’s surviving spouse is the Participant’s sole designated Beneficiary, distributions to the surviving spouse will begin by December 31 of the calendar year immediately following the
calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 70 1⁄2 , if later.

  

	 	(B)	If the Participant’s surviving spouse is not the Participant’s sole designated Beneficiary, and if distribution is to be made over the life or over a period certain not exceeding the life expectancy of the
designated Beneficiary (if permitted under Section 7.1 of the Plan), distribution to the designated Beneficiary will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died.

  

	 	(C)	If there is no designated Beneficiary as of September 30 of the year following the year of the Participant’s death, or if the provisions of subsection (A) and (B) do not otherwise apply, the
Participant’s entire interest will be distributed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 

  

	 	(D)	If the Participant’s surviving spouse is the Participant’s sole designated Beneficiary and the surviving spouse dies after the Participant but before distributions to the surviving spouse begin, this
Section 7.4(b), other than Section 7.4(b)(2)(A), will apply as if the surviving spouse were the Participant. 

 For
purposes of Sections 7.4(b) and 7.4(d), unless Section 7.4(b)(2)(D) applies, distributions are considered to begin on the Participant’s required beginning date. If Section 7.4(b )(2)(D) applies, distributions are considered to begin
on the date distributions are required to begin to the surviving spouse under Section 7.4(b)(2)(A). If distributions under an annuity purchased from an insurance company irrevocably commence to the Participant before the Participant’s
required beginning date (or to the Participant’s surviving spouse before the date distributions are required to begin to the surviving spouse under Section 7.4(b)(2)(A)), the date distributions are considered to begin is the date
distributions actually commence. 

  
 22 

	 	(3)	Forms of Distribution. Unless the Participant’s interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the required beginning date, as of the
first distribution calendar year, distributions will be made in accordance with Sections 7.4(c) and (d). If the Participant’s interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will
be made in accordance with the requirements of Section 401(a)(9) of the Code and the Treasury regulations. 

  

	 	(c)	Required Minimum Distributions During Participant’s Lifetime. 

  

	 	(1)	Amount of Required Minimum Distribution for Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser
of: 

  

	 	(A)	the quotient obtained by dividing the Participant’s vested Account balance by the distribution period in the Uniform Lifetime Table set forth in Section 1.401(a)(9)-9, Q&A-2, of the Treasury regulations,
using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or 

  

	 	(B)	if the Participant’s sole designated Beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s vested Account balance by the number in
the Joint and Last Survivor Table set forth in Section 1.40l(a)(9)-9, Q&A-3, of the Treasury regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the
distribution calendar year. 

  

	 	(2)	Lifetime Required Minimum Distributions Continue Through Year of Participant’s Death. Required minimum distributions will be determined under tins Section 7.4(c) beginning with the first distribution
calendar year and up to and including the distribution calendar year that includes the Participant’s date of death. 

  

	 	(d)	Required Minimum Distributions After Participant’s Death. 

  

	 	(1)	Death On or After Date Distributions Begin. 

  

	 	(A)	Participant Survived by Designated Beneficiary. Subject to the provisions of this Article, if the Participant dies on or after the date distributions begin and there is a designated Beneficiary, the minimum
amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s vested Account balance by the longer of the remaining life expectancy of
the Participant or the remaining life expectancy of the Participant’s designated Beneficiary, determined as follows: 

  
 23 

	 	(i)	The Participant’s remaining life expectancy is calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. 

 

	 	(ii)	If the Participant’s surviving spouse is the Participant’s sole designated Beneficiary, the remaining life expectancy of the surviving spouse is calculated for each distribution calendar year after the year of
the Participant’s death using the surviving spouse’s age as of the spouse’s birthday in that year. For distribution calendar years after the year of the surviving spouse’s death, the remaining life expectancy of the surviving
spouse is calculated using the age of the surviving spouse as of the spouse’s birthday in the calendar year of the spouse’s death, reduced by one for each subsequent calendar year. 

 

	 	(iii)	If the Participant’s surviving spouse is not the Participant’s sole designated Beneficiary, the designated Beneficiary’s remaining life expectancy is calculated using the age of the Beneficiary in the
year following the year of the Participant’s death, reduced by one for each subsequent year. 

  

	 	(B)	No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated Beneficiary as of September 30 of the year after the year of the Participant’s
death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s vested Account balance by the Participant’s
remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. 

  

	 	(2)	Death Before Date Distributions Begin. 

  

	 	(A)	Participant Survived by Designated Beneficiary. If the Participant dies before the date distributions begin and there is a designated Beneficiary, the minimum amount that will be distributed for each distribution
calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s vested Account balance by the remaining life expectancy of the Participant’s designated Beneficiary, determined as provided
in Section 7.4(d)(1). 

  

	 	(B)	No Designated Beneficiary. If the Participant dies before the date distributions begin and there is no designated Beneficiary as of September 30 of the year following the year of the Participant’s
death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 

  
 24 

	 	(C)	Death of Surviving Spouse Before Distributions to Surviving Spouse Are Required to Begin. If the Participant dies before the date distributions begin, the Participant’s surviving spouse is the
Participant’s sole designated Beneficiary, and the surviving spouse dies before distributions are required to begin to the surviving spouse under Section 7.4(b)(2)(A), this Section 7.4(d) will apply as if the surviving spouse were the
Participant. 

  

	 	(e)	Definitions. 

  

	 	(1)	Designated Beneficiary. The individual who is designated as the Beneficiary under Section 7.6 of the Plan and is the designated Beneficiary under Section 401(a)(9) of the Code and
Section 1.401(a)(9)-4, of the Treasury regulations. 

  

	 	(2)	Distribution Calendar Year. A calendar year for which a minimum distribution is required. For distributions beginning before the Participant’s death, the first distribution calendar year is the calendar year
immediately preceding the calendar year which contains the Participant’s required beginning date. For distributions beginning after the Participant’s death, the first distribution calendar year is the calendar year in which distributions
are required to begin under Section 7.4(b)(2). The required minimum distribution for the Participant’s first distribution calendar year will be made on or before the Participant’s required beginning date. The required minimum
distribution for other distribution calendar years, including the required minimum distribution for the distribution calendar year in which the Participant’s required beginning date occurs, will be made on or before December 31 of that
distribution calendar year. 

  

	 	(3)	Life Expectancy. Life expectancy as computed by use of the Single Life Table in Section 1.401(a)(9)-9, Q&A-1, of the Treasury regulations. 

 

	 	(4)	Participant’s Vested Account Balance. The vested Account balance as of the last valuation date in the calendar year immediately preceding the distribution calendar year (valuation calendar year) increased by
the amount of any contributions made and allocated or forfeitures allocated to the vested Account balance as of dates in the valuation calendar year after the valuation date and decreased by distributions made in the valuation calendar year after
the valuation date. The vested Account balance for the valuation calendar year includes any amounts rolled over or transferred to the Plan either in the valuation calendar year or in the distribution calendar year if distributed or transferred in
the valuation calendar year. 

  

	 	(5)	Required Beginning Date. The date specified in Section 7.2 of the Plan. 

  
 25 

	7.5	AMOUNT OF DEATH BENEFIT 

  

	 	(a)	Death Before Termination of Employment. In the event of the death of a Participant while in the employ of the Employer, vesting in the Participant’s Account shall be one hundred percent (100%), if not
otherwise one hundred percent (100%) vested under Section 6.1, with the credit balance of the Participant’s Account being payable to his Beneficiary. 

 

	 	(b)	Death After Termination of Employment. In the event of the death of a former Participant after termination of employment, but prior to the complete distribution of his vested Account balance under the
Plan, the undistributed vested balance of the Participant’s Account shall be paid to the Participant’s Beneficiary. 

  

	7.6	DESIGNATION OF BENEFICIARY. Each Participant shall designate a Beneficiary in a manner acceptable to the Administrator to receive payment of any death benefit payable hereunder if such Beneficiary should survive
the Participant. However, no Participant who is married shall be permitted to designate a Beneficiary other than his spouse unless the Participant’s spouse has signed a written consent witnessed by a notary public, which provides for the
designation of an alternate Beneficiary. 

 Subject to the above, Beneficiary designations may include primary and contingent
Beneficiaries, and may be revoked or amended at any time in similar manner or form, and the most recent designation shall govern. A designation of a Beneficiary made by a Participant shall cease to be effective upon his marriage or remarriage. In
addition, a spousal Beneficiary designation shall cease to be effective upon written notification to the Administrator of the divorce of the Participant and such spouse. In the absence of an effective designation of Beneficiary, or if no designated
Beneficiary is surviving as of the date of the Participant’s death, any death benefit shall be paid to the surviving spouse of the Participant, or, if no surviving spouse, to the Participant’s surviving issue, by right of representation,
or, if none, to the Participant’s surviving parents, or, if none, to the Participant’s estate. Notification to Participants of the death benefits under the Plan and the method of designating a Beneficiary shall be given at the time and in
the manner provided by regulations and rulings under the Code. 
 In the event a Beneficiary survives the Participant, but dies before
receipt of all payments due that Beneficiary hereunder, any benefits remaining to be paid to the Beneficiary shall be paid to the Beneficiary’s estate. 
  

	7.7	DISTRIBUTION OF DEATH BENEFITS. Subject to the provisions of Section 7.2, the Beneficiary shall be allowed to designate the mode of receiving benefits in accordance with Section 7.1, unless the
Participant had designated a method in writing and indicated that the method was not revocable by the Beneficiary. 

  

	 	(a)	Distribution Beginning Before Death - If the Participant dies after distribution of his vested Account has commenced, any survivor’s benefit must be paid at least as rapidly as under the method of
payment in effect at the time of the Participant’s death. 

  

	 	(b)	Distribution Beginning After Death - If the Participant dies before distribution of his vested Account has commenced, distribution of the Participant’s vested Account shall be completed by
December 31 of the calendar year containing the fifth anniversary of the Participant’s death, except as provided below: 

  
 26 

	 	(i)	if any portion of the Participant’s vested Account is payable to a designated Beneficiary, and if distribution is to be made over the life or over a period certain not greater than the life expectancy of the
designated Beneficiary (if permitted under Section 7.1 above) such payments shall commence on or before December 31 of the calendar year immediately following the calendar year in which the Participant died; 

 

	 	(ii)	if the designated Beneficiary is the Participant’s surviving spouse, the date distribution is required to begin shall not be earlier than the later of (A) December 31 of the calendar year immediately
following the calendar year in which the Participant died and (B) December 31 of the calendar year in which the Participant would have attained age seventy and one-half (70 1⁄2). 

 For purposes of this paragraph (b), if the surviving spouse dies after the
Participant, but before payments to such spouse begin, the provisions of this paragraph, with the exception of paragraph (ii) herein, shall be applied as if the surviving spouse were the Participant. 

Notwithstanding the foregoing, if the Participant has no designated Beneficiary (within the meaning of Section 401(a)(9) of the Code and
the regulations thereunder), distribution of the Participant’s vested Account must be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 

 

	7.8	ELIGIBLE ROLLOVER DISTRIBUTIONS. Notwithstanding the foregoing provisions of this Article Seven, the provisions of this Section 7.8 shall apply to distributions made under the Plan after December 31,
2001. 

  

	 	(a)	A “distributee” (as hereinafter defined) may elect, at the time and in the manner prescribed by the Administrator, to have any portion of an “eligible rollover distribution” (as hereinafter defined)
paid directly to an eligible retirement plan specified by the distributee in a direct rollover. 

  

	 	(b)	Definitions: 

  

	 	(i)	 Eligible Rollover Distribution. An eligible rollover distribution is any distribution of all or any portion of the balance to the credit
of the distributee, except that an eligible rollover distribution does not include: any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the
distributee or the joint lives (or joint life expectancies) of the distributee and the distributee’s designated Beneficiary, or for a specified period of ten (1 0) years or more; any distribution to the extent such distribution is required
under Section 40l(a)(9) of the Code; and any hardship distribution described in Section 8.2. A portion of a distribution shall 

  
 27 

	 	
not fail to be an eligible rollover distribution merely because the portion consists of after-tax employee contributions which are not includible in gross income. However, such portion may be
transferred only to an individual retirement account or annuity described in Section 408(a) or (b) of the Code (or described in Section 408A of the Code for “designated Roth contributions” (within the meaning of
Section 402A of the Code)), or to a qualified defined contribution plan described in Section 401(a) or 403(a) of the Code that agrees to separately account for amounts so transferred, including separately accounting for the portion of such
distribution which is includible in gross income and the portion of such distribution which is not so includible and, if applicable, as required under Section 402A of the Code. 

 

	 	(ii)	Eligible Retirement Plan. An eligible retirement plan is an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of
the Code, an annuity plan described in Section 403(a) of the Code, a qualified trust described in Section 401 (a) of the Code, an annuity contract described in Section 403(b) of the Code and an eligible plan under
Section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred into
such plan from this Plan, that accepts the distributee’s eligible rollover distribution. The definition of eligible retirement plan shall also apply in the case of a distribution to a surviving spouse, or to a spouse or former spouse who is the
alternate payee under a qualified domestic relations order, as defined in Section 414(p) of the Code. 

 If any portion
of an eligible rollover distribution is attributable to payments or distributions from a designated Roth account, an eligible retirement plan with respect to such portion shall include only another designated Roth account of the individual from
whose account the payments or distributions were made, or a Roth IRA of such individual. 
  

	 	(iii)	Distributee. A distributee includes an Employee or former Employee. In addition, the Employee’s or former Employee’s surviving spouse, and the Employee’s or former Employee’s spouse or
former spouse who is an alternate payee under a qualified domestic relations order, as defined in Section 414(p) of the Code, are distributees with regard to the interest of the spouse or former spouse. 

 

	 	(iv)	Direct Rollover. A direct rollover is a payment by the Plan to the eligible retirement plan specified by the distributee. 

 

	 	(c)	If a distribution is one to which Sections 401(a)(11) and 417 of the Code do not apply, such distribution may commence less than thirty (30) days after the notice required under Section 1.41l(a)-11(c) of the
Income Tax Regulations is given, provided that: 

  
 28 

	 	(i)	the Administrator clearly informs the Participant that the Participant has a right to a period of at least thirty (30) days after receiving the notice to consider the decision of whether or not to elect a
distribution (and, if applicable, a particular distribution option), and 

  

	 	(ii)	the Participant, after receiving the notice, affirmatively elects a distribution. 

  
 29 

 ARTICLE EIGHT—LOANS AND IN-SERVICE WITHDRAWALS 

 

	8.1	LOANS 

  

	 	(a)	Permissible Amount and Procedures. Upon the application of a Participant, the Administrator may, in accordance with a uniform and nondiscriminatory policy, direct the Trustee to grant a loan to the
Participant, which loan shall be secured by the Participant’s vested Account balance. The Participant’s signature shall be required on a promissory note. The rate of interest on any such loan shall be equal to the “Prime Rate”
(as reported in The Wall Street Journal on the date the loan is initiated) plus one percent (1%). Participant loans shall be treated as segregated investments, and interest repayments shall be credited only to the Participant’s Account.

  

	 	(b)	Limitation on Amount of Loans. A Participant’s loan shall not exceed the lesser of: 

  

	 	(1)	$50,000, which amount shall be reduced by the highest outstanding loan balance during the preceding twelve (12)-month period; or 

  

	 	(2)	one-half (1/2) of the vested value of the Participant’s Account, determined as of the Valuation Date
preceding the date of the Participant’s loan. 

 Any loan must be repaid within five (5) years (or such longer period
permitted by law), unless made for the purpose of acquiring the primary residence of the Participant, in which case such loan may be repaid over a longer period of time not to exceed fifteen ( 15) years. The repayment of any loan must be made in at
least quarterly installments of principal and interest; provided, however, that this requirement shall not apply for a period, not longer than one year, or such longer period as may apply under Section 414(u) of the Code, that a Participant is
on a leave of absence (“Leave”), either without pay from the Employer or at a rate of pay (after income and employment tax withholding) that is less than the amount of the installment payments required under the terms of the loan. However,
the loan must be repaid by the latest date permitted under Sections 72(p)(2)(B) and 414(u) of the Code and the installments due after the Leave ends (or, unless Section 414(u) of the Code applies, if earlier, upon the expiration of the first
year of the Leave) must not be less than those required under the terms of the original loan. 
 If a Participant defaults on any outstanding
loan, the unpaid balance, and any interest due thereon, shall become due and payable in accordance with the terms of the underlying promissory note; provided, however, that such foreclosure on the promissory note and attachment of security shall not
occur until a distributable event occurs in accordance with the provisions of Article Seven. 
 If a Participant terminates employment while
any loan balance is outstanding, the unpaid balance, and any interest due thereon, shall become due and payable in accordance with the terms of the underlying promissory note. If such amount is not paid to the Plan, it shall be charged against the
amounts that are otherwise payable to the Participant or the Participant’s Beneficiary under the provisions of the Plan. 

  
 30 

 In the case of a Participant who has loans outstanding from other plans of the Employer (or a
member of the Employer’s related group (within the meaning of Section 2.5(b)), the Administrator shall be responsible for reporting to the Trustee the existence of said loans in order to aggregate all such loans within the limits of
Section 72(p) of the Code. 
  

	8.2	HARDSHIP DISTRIBUTIONS. In the case of a financial hardship resulting from a proven immediate and heavy financial need, a Participant may receive a distribution not to exceed the lesser of (i) the vested
value of the Participant’s Account, without regard to earnings received on elective deferrals (within the meaning of Section 4.1) after December 31, 1988, and without regard to any Fail-Safe Contributions or Qualified Matching
Contributions (within the meaning of Section 10.2 below) or any other Employer contributions made pursuant to Section 10.2 and/or 10.3, or (ii) the amount necessary to satisfy the financial hardship. The amount of any such immediate
and heavy financial need may include any amounts necessary to pay Federal, state or local income taxes reasonably anticipated to result from the distribution. Such distribution shall be made in accordance with nondiscriminatory and objective
standards and procedures consistently applied by the Administrator. 

 Hardship distributions under this Section shall be
deemed to be the result of an immediate and heavy financial need if such distribution is to: (a) pay expenses for (or to obtain) medical care that would be deductible under Section 213(d) of the Code determined without regard to whether
the expenses exceed seven and one-half percent (7.5%) of adjusted gross income; (b) purchase the principal residence of the Participant (excluding mortgage payments); (c) pay tuition and related educational fees for the next twelve
(12) months of post-secondary education for the Participant, Participant’s spouse, or any of the Participant’s dependents (as defined in Section 152 of the Code, and without regard to Section 152(b)(1), (b)(2) and (d)(1)(B)
of the Code); (d) prevent the eviction of the Participant from his principal residence or foreclosure on the Participant’s principal residence; (e) pay funeral or burial expenses for the Participant’s deceased parent, spouse,
children or dependents (as defined in Section 152 of the Code, and without regard to Section 152(d)(1)(B) of the Code); or (f) repair damage to the Participant’s principal residence that would qualify for a casualty loss
deduction under Section 165 of the Code (determined without regard to whether the loss exceeds ten percent (10%) of adjusted gross income). Distributions paid pursuant to this Section shall be deemed to be made as of the Valuation Date
immediately preceding the hardship distribution, and the Participant’s Account shall be reduced accordingly. 
 A distribution shall be
deemed necessary to satisfy an immediate and heavy financial need of a Participant if all of the following requirements are satisfied: 
  

	 	(1)	The distribution is not in excess of the amount of the immediate and heavy financial need of the Participant; 

  

	 	(2)	The Participant has obtained all distributions (including distributions of ESOP dividends under Section 404(k) of the Code), other than hardship distributions, and all nontaxable (at the time of the loan) loans
currently available under all plans maintained by the Employer; 

  
 31 

	 	(3)	The Participant is prohibited, under the terms of the Plan or an otherwise legally enforceable agreement, from making elective deferrals (within the meaning of Section 4.1) and any after-tax contributions under
Section 4.5 to the Plan and all other plans maintained by the Employer for six (6) months after receipt of the hardship distribution. For this purpose the phrase “all other plans maintained by the Employer” means all qualified
and nonqualified plans of deferred compensation maintained by the Employer. The phrase also includes a stock option, stock purchase, or similar plan, or a cash or deferred arrangement that is part of a cafeteria plan within the meaning of
Section 125 of the Code. However, it does not include the mandatory employee contribution portion of a defined benefit plan. It also does not include a health or welfare benefit plan, including one that is part of a cafeteria plan within the.
meaning of Section 125 of the Code. 

  

	8.3	WITHDRAWALS AFTER AGE 59 1⁄2. After attaining age fifty-nine and one-half (59 1⁄2), a Participant may withdraw from the Plan a sum (a) not in excess of the credit balance of his vested Account and (b) not less than such minimum
amount as the Administrator may establish from time to time to facilitate administration of the Plan. Any such withdrawals shall be made in accordance with nondiscriminatory and objective standards and procedures consistently applied by the
Administrator. 

  

	8.4	WITHDRAWALS OF AFTER-TAX CONTRIBUTIONS. A Participant may withdraw from the Plan a sum (a) not in excess of the credit balance of the Participant’s Account attributable to any after-tax contributions
made to the Plan and (b) not less than such minimum amount as the Administrator may establish from time to time to facilitate administration of the Plan. Any such withdrawals shall be made in accordance with nondiscriminatory and objective
standards and procedures consistently applied by the Administrator. 

 For purposes of this Section 8.4, a terminated
Participant with a vested Account balance under the Plan may withdraw all or any portion of such vested Account attributable to any after-tax contributions made to the Plan, subject to the provisions of the foregoing paragraph. 

 

	8.5	WITHDRAWALS OF ROLLOVER CONTRIBUTIONS. A Participant may withdraw from the Plan a sum (a) not in excess of the credit balance of the Participant’s Account attributable to any rollover contributions made
to the Plan and (b) not less than such minimum amount as the Administrator may establish from time to time to facilitate administration of the Plan. Any such withdrawals shall be made in accordance with nondiscriminatory and objective standards
and procedures consistently applied by the Administrator. 

  
 32 

 ARTICLE NINE —ADMINISTRATION OF THE PLAN 

 

	9.1	PLAN ADMINISTRATION. The Employer shall be the Plan Administrator, hereinbefore and hereinafter called the Administrator, and a “named fiduciary” (for purposes of Section 402(a)(1) of the Employee
Retirement Income Security Act of 1974, as amended from time to time (“ERISA”)) of the Plan, unless the Employer, by action of its board of directors, shall designate a person or committee of persons to be the Administrator. The Employer,
by action of its board or directors, may also designate a person, a committee of persons, and/or other entity as a named fiduciary or named fiduciaries. The administration of the Plan, as provided herein, including a determination of the payment of
benefits to Participants and their Beneficiaries, shall be the responsibility of the Administrator; provided, however, that the Administrator may delegate any of its powers, authority, duties or responsibilities to any person or committee of
persons, such delegation to be in accordance with ERISA Section 405. The Administrator shall have full discretion to interpret the terms of the Plan, to determine factual questions that arise in the course of administering the Plan, to adopt
rules and regulations regarding the administration of the Plan, to determine the conditions under which benefits become payable under the Plan, and to make any other determinations that the Administrator believes are necessary and advisable for the
administration of the Plan. Any determination made by the Administrator shall be final and binding on all parties, and shall be given the maximum deference allowed by law. 

In the event more than one party shall act as Administrator, all actions shall be made by majority decisions. In the administration of the
Plan, the Administrator may (a) employ agents to carry out nonfiduciary responsibilities (other than Trustee responsibilities), (b) consult with counsel, who may be counsel to the Employer, and (c) provide for the allocation of
fiduciary responsibilities (other than Trustee responsibilities) among its members. Actions dealing with fiduciary responsibilities shall be taken in writing and the performance of agents, counsel and fiduciaries to whom fiduciary responsibilities
have been delegated shall be reviewed periodically. 
 The expenses of administering the Plan and the compensation of all employees, agents,
or counsel of the Administrator, including accounting fees, recordkeeper’s fees, and the fees of any benefit consulting firm, shall be paid by the Plan, or shall be paid by the Employer if, and to the extent, the Employer so elects. To the
extent required by applicable law, compensation may not be paid by the Plan to full-time Employees of the Employer. 
 In the event the
Employer pays the expenses of administering the Plan, the Employer may seek reimbursement from the Plan for the payment of such expenses. Reimbursement shall be permitted only for Plan expenses paid by the Employer within the last twelve (12)-month
period. 
 The Administrator shall obtain from the Trustee, not less often than annually, a report with respect to the value of the assets
held in the Trust Fund, in such form as may be required by the Administrator. 
 The Administrator shall administer the Plan and adopt such
rules and regulations as, in the opinion of the Administrator, are necessary or advisable to implement and administer the Plan and to transact its business. As a named fiduciary, the Administrator is required to discharge its duties with respect to
the Plan solely in the interest of the Participants and Beneficiaries and with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in
the conduct of an enterprise of a like character and with like aims. 

  
 33 

	9.2	CLAIMS PROCEDURE 

 The provisions of paragraph (a) below shall apply to all benefit
claims under the Plan, except as provided in paragraph (b) below. 
  

	 	(a)	Pursuant to procedures established by the Administrator, claims for benefits under the Plan made by a Participant or Beneficiary (the “claimant”) must be submitted in writing to the Administrator. Approved
claims shall be processed and instructions issued to the Trustee or custodian authorizing payment as claimed. 

 If a claim is
denied in whole or in part, the Administrator shall notify the claimant within ninety (90) days after receipt of the claim (or within one hundred eighty (180) days, if special circumstances require an extension of time for processing the
claim, and provided written notice indicating the special circumstances and the date by which a final decision is expected to be rendered is given to the claimant within the initial ninety (90) day period). 

The notice of the denial of the claim shall be written in a manner calculated to be understood by the claimant and shall set forth the
following: 
  

	 	(i)	the specific reason or reasons for the denial of the claim; 

  

	 	(ii)	the specific references to the pertinent Plan provisions on which the denial is based; 

  

	 	(iii)	a description of any additional material or information necessary to perfect the claim, and an explanation of why such material or information is necessary; 

 

	 	(iv)	a statement that any appeal of the denial must be made by giving to the Administrator, within sixty (60) days after receipt of the denial of the claim, written notice of such appeal, such notice to include a full
description of the pertinent issues and basis of the claim; and 

  

	 	(v)	a statement about the claimant’s right to bring civil action under Section 502(a) under ERISA if the claim is denied on review. 

Upon denial of a claim in whole or part, the claimant (or his duly authorized representative) shall have the right to submit a written request
to the Administrator for a full and fair review of the denied claim, to be permitted to review documents (free of charge) pertinent to the denial, and to submit issues and comments in writing. Any appeal of the denial must be given to the
Administrator within the period of time prescribed under (a)(iv) above. If the claimant (or his duly authorized representative) fails to appeal the denial to the Administrator within the prescribed time, the Administrator’s adverse
determination shall be final, binding and conclusive. 

  
 34 

 The Administrator may hold a hearing or otherwise ascertain such facts as it deems necessary and
shall render a decision which shall be binding upon both parties. The Administrator shall advise the claimant of the results of the review within sixty (60) days after receipt of the written request for the review, unless special circumstances
require an extension of time for processing, in which case a decision shall be rendered as soon as possible but not later than one hundred twenty (120) days after receipt of the request for review. If such extension of time is required, written
notice of the extension shall be furnished to the claimant prior to the commencement of the extension. The decision of the review shall be written in a manner calculated to be understood by the claimant and shall include specific reasons for the
decision, specific references to the pertinent Plan provisions on which the decision is based, the claimant’s right to receive free of charge upon written request, reasonable access to and copies of, all Plan documents, records, and
other information relevant to the claim, and a statement about the claimant’s right to bring a civil action under Section 502(a) of ERISA. The decision of the Administrator shall be final, binding and conclusive. 

 

	 	(b)	The provisions of this subsection (b) shall apply to a claim involving a determination by the Administrator of a Participant’s Disability. 

Such a claim for Disability benefits must be submitted in writing to the Vice President, Administration. Approved claims shall be processed
and instructions issued to the Trustee or custodian authorizing payment as claimed. 
 If such a claim is denied in whole or in part, the
Vice President, Administration shall notify the claimant within forty-five (45) days after receipt of the claim (or within seventy-five (75) days, if special circumstances require an extension of time for processing the claim, and provided
written notice indicating the special circumstances and the date by which a final decision is expected to be rendered is given to the claimant within the initial forty-five (45) day period). 

If, prior to the end of the seventy five (75) day extended period, the Vice President, Administration determines that a decision cannot
be rendered within the initial extension period due to special circumstances, the period for making a determination may be extended for up to an additional thirty (30) days, provided written notice indicating the special circumstances and the
date by which a final decision is expected to be rendered is given to the claimant within the originally extended seventy-five (75) day period. 

The notice of the denial of the claim shall be written in a manner calculated to be understood by the claimant and shall set forth the
following: 
  

	 	(i)	the specific reason or reasons for the denial of the claim; 

  

	 	(ii)	the specific references to the pertinent Plan provisions on which the denial is based; 

  
 35 

	 	(iii)	a description of any additional materials or information necessary to perfect the claim, and an explanation of why such material or information is necessary; 

 

	 	(iv)	a statement that any appeal of the denial must be made by giving to the Administrator, within one hundred eighty (180) days after receipt of the denial of the claim, written notice of such appeal, such notice to
include a full description of the pertinent issues and basis of the claim; 

  

	 	(v)	a statement about the claimant’s right to bring a civil action under Section 502(a) of ERISA if the claim is denied on review; and 

 

	 	(vi)	to the extent that an internal rule, guideline, protocol, or other similar criterion was relied upon in the denial, the notification shall set forth the specific rule, guideline, protocol, or criterion or indicate that
such was relied upon and that a copy will be provided free of charge to the claimant upon request. 

 Upon denial of a claim
in whole or in part, the claimant (or his duly authorized representative) shall have the right to submit a written request to the 40l(k) Committee for a full and fair review of the denied claim, to be permitted to review documents (free of charge)
pertinent to the denial, and to submit issues and comments in writing. Any appeal of the denial must be given to the 401 (k) Committee within the period of time prescribed under (b)(iv) above. If the claimant (or his duly authorized
representative) fails to appeal the denial to the 40l(k) Committee within the prescribed time, the Vice President, Administration’s initial adverse determination shall be final, binding and conclusive. 

The 401(k) Committee shall consider the full record of the claimant’s appeal without deference to the initial determination and, if the
determination is based in whole or in part on a medical judgment, shall consult with a health care professional experienced in the field of medicine involved in the medical judgment. The health care professional consulted on the appeal shall be an
individual who was not consulted in connection with the initial denied claim (nor a subordinate of any individual consulted in connection with the initial denied claim) and whose identity shall be disclosed to the claimant upon written request of
the claimant, regardless of whether the health care professional’s advice was relied upon in making the subsequent claim determination. 

The 401(k) Committee shall render a decision that shall be binding upon both parties. The 40l(k) Committee shall advise the claimant of the
results of their review within forty-five (45) days after receipt of the written request for the review, unless special circumstances require an extension of time for processing, in which case a decision shall be rendered as soon as possible
but not later than ninety (90) days after receipt of the request for review. If such extension of time is required, written notice of the extension shall be furnished to the claimant prior to the commencement of the extension. The decision of
the review shall be written in a manner calculated to be understood by the claimant and shall set forth the following: 

  
 36 

	 	(A)	the specific reason or reasons for the denial of the claim; 

  

	 	(B)	the specific references to the pertinent Plan provisions on which the denial is based; 

  

	 	(C)	the claimant’s right to receive free of charge, upon written request, reasonable access to and copies of, all Plan documents, records, and other information relevant to the claim; 

 

	 	(D)	a statement about the claimant’s right to bring a civil action under Section 502(a) of ERISA; and 

  

	 	(E)	to the extent that an internal rule, guideline, protocol, or other similar criterion was relied upon in the denial, the notification shall set forth the specific rule, guideline, protocol, or criterion or indicate that
such was relied upon and that a copy will be provided free of charge to the claimant upon request. 

 The decision of the
401(k) Committee shall be final, binding and conclusive. 
  

	9.3	TRUST AGREEMENT. The Trust Agreement entered into by and between the Employer and the Trustee, including any supplements or amendments thereto, or any successor Trust Agreement, is incorporated by reference
herein. 

  
 37 

 ARTICLE TEN—SPECIAL COMPLIANCE PROVISIONS 

 

	10.1	DISTRIBUTION OF EXCESS ELECTIVE DEFERRALS. Notwithstanding any other provision of the Plan, “Excess Elective Deferrals” (as defined below) (and income or loss allocable thereto, including all
earnings, expenses and appreciation or depreciation in value, whether or not realized) shall be distributed no later than each April 15 to Participants who claim Excess Elective Deferrals for the preceding calendar year. 

“Excess Elective Deferrals” shall mean the amount of Elective Deferrals (as defined below) for a calendar year that the Participant
designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the
preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in
Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are
includible in a Participant’s gross income under Section 402(g) of the Code to the extent such Participant’s Elective Deferrals for a taxable year exceed the dollar limitation under such Code section. 

An Excess Elective Deferral, and the income or loss allocable thereto, may be distributed before the end of the calendar year in which the
Elective Deferrals were made. A Participant who has an Excess Elective Deferral for a taxable year, taking into account only his Elective Deferrals under the Plan or any other plans of the Employer (including any member of the Employer’s
related group (within the meaning of Section 2.5(b)), shall be deemed to have designated the entire amount of such Excess Elective Deferral. 

Excess Elective Deferrals shall be adjusted for any income or loss up to the date of distribution. For purposes of this Section 10.1,
whenever reference is made to the income or loss allocable to an Excess Elective Deferral, such income or loss shall be determined as follows. The income or loss allocable to Excess Elective Deferrals allocated to each Participant is the sum of:
(i) income or loss allocable to the Participant’s deferred amounts for the Plan Year multiplied by a fraction, the numerator of which is the Excess Elective Deferrals made on behalf of the Participant for the Plan Year, and the denominator
of which is the sum of the Participant’s Account balances attributable to the Participant’s Elective Deferrals on the last day of the Plan Year; and (ii) ten percent (1 0%) of the amount determined under (i) multiplied by the
number of whole calendar months between the end of the Plan Year and the date of distribution, counting the month of distribution if distribution occurs after the fifteenth (15th) of such
month. 
 For purposes of this Article Ten, “Elective Deferrals” shall mean any Employer contributions made to the Plan at the
election of the Participant, in lieu of cash compensation, and shall include contributions made pursuant to a salary deferral reduction agreement or other deferral mechanism. With respect to any taxable year, a Participant’s Elective Deferrals
is the sum of all Employer contributions made on behalf of such Participant pursuant to an election to defer under any qualified cash or deferred arrangement described in Section 401(k) of the Code, any salary reduction simplified employee
pension described in Section 408(k)(6) of the Code, and SIMPLE 

  
 38 

 
IRA Plan described in Section 408(p) of the Code, any eligible deferred compensation plan under Section 457 of the Code, any plan described under Section 501(c)(18) of the Code,
and any Employer contributions made on behalf of a Participant for the purchase of an annuity contract under Section 403(b) of the Code pursuant to a salary reduction agreement. Elective Deferrals shall not include any deferrals properly
distributed as excess annual additions. 
  

	10.2	LIMITATIONS ON 401(k) CONTRIBUTIONS 

  

	 	(a)	Actual Deferred Percentage Test (“ADP Test”). Amounts contributed as elective deferrals under Section 4.1(a) and, if so elected by the Employer, “Qualified Matching Contributions”
(as defined below) and any Fail-Safe Contributions made under this Section, are considered to be amounts deferred pursuant to Section 401(k) of the Code. For purposes of this Section, these amounts are referred to as the “deferred
amounts.” For purposes of the “actual deferral percentage test” described below, (i) such deferred amounts must be made before the last day of the twelve (12)-month period immediately following the Plan Year to which the
contributions relate, and (ii) the deferred amounts relate to Compensation that either (A) would have been received by the Participant in the Plan Year but for the Participant’s election to make deferrals, or (B) is attributable
to services performed by the Participant in the Plan Year and, but for the Participant’s election to make deferrals, would have been received by the Participant within two and one-half (2 1⁄2) months after the close of the Plan Year. The Employer shall maintain records sufficient to demonstrate satisfaction of the actual deferral percentage test and the deferred amounts used in such test.

 For purposes of this Section, “Qualified Matching Contributions” shall mean matching contributions which are
subject to the distribution and nonforfeitability requirements under Section 401(k) of the Code and satisfy Section 1.401(k)-2(a)(6) of the IRS Treasury regulations. 

As of the last day of each Plan Year, the deferred amounts for the Participants who are Highly-Compensated Employees for the Plan Year shall
satisfy either of the following tests: 
  

	 	(1)	The actual deferral percentage for the eligible Participants who are Highly-Compensated Employees for the Plan Year shall not exceed the actual deferral percentage for eligible Participants who are Nonhighly-Compensated
Employees for the Plan Year multiplied by 1.25; or 

  

	 	(2)	The actual deferral percentage for eligible Participants who are Highly-Compensated Employees for the Plan Year shall not exceed the actual deferral percentage of eligible Participants who are Nonhighly-Compensated
Employees for the Plan Year multiplied by two (2), provided that the actual deferral percentage for eligible Participants who are Highly-Compensated Employees for the Plan Year does not exceed the actual deferral percentage for eligible Participants
who are Nonhighly-Compensated Employees by more than two (2) percentage points. 

  
 39 

 Notwithstanding the foregoing, if elected by the Employer by Plan amendment, the foregoing
percentage tests shall be applied based on the actual deferral percentage of the Nonhighly-Compensated Employees for the prior Plan Year; provided, however, the change in testing methods complies with the requirements set forth in the Final 401(k)
and 401(m) Regulations and any other superseding guidance. 
 In the event the Plan changes from the current year testing method to the
prior year testing method, then, for purposes of the first testing year for which the change is effective, the actual deferral percentage for Nonhighly-Compensated Employees for the prior year shall be determined by taking into account only elective
deferrals (within the meaning of Section 4.1) for those Nonhighly-Compensated Employees that were taken into account for purposes of the actual deferral percentage test (and not the actual contribution percentage test) under the current year
testing method for the prior year. 
 For purposes of the above tests, the “actual deferral percentage” shall mean for a specified
group of Participants for a Plan Year, the average of the ratios (calculated separately for each Participant in such group) of (1) deferred amounts actually paid over to the Trust on behalf of such Participant for the Plan Year to (2) the
Participant’s compensation (within the meaning of Section 1.6 of the Plan) or, if the Employer chooses, Participant’s compensation determined by using any other definition of compensation that satisfies the nondiscrimination
requirements of Section 414(s) of the Code and the regulations thereunder. For purposes hereof, the Participant’s compensation shall be referred to as “414(s) Compensation.” An Employer may limit the period taken into account for
determining 414(s) Compensation to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all
Participants for the Plan Year. Deferred amounts on behalf of any Participant shall include (1) any Elective Deferrals made pursuant to the Participant’s deferral election (including Excess Elective Deferrals of Highly Compensated
Employees), but excluding (a) Excess Elective Deferrals of Nonhighly-Compensated Employees that arise solely from Elective Deferrals made under the Plan or plans of this Employer and (b) Elective Deferrals that are taken into account in
the actual contribution percentage test (provided the actual deferral percentage test is satisfied both with and without exclusion of these Elective Deferrals); and (2) Qualified Matching Contributions and Fail-Safe Contributions. For purposes
of computing Actual Deferral Percentages, an Employee who would be a Participant but for failure to make Elective Deferrals shall be treated as a Participant on whose behalf no Elective Deferrals are made. 

For purposes of this Section 10.2, the actual deferral percentage for any eligible Participant who is a Highly-Compensated Employee for
the Plan Year and who is eligible to have Elective Deferrals allocated to his account under two (2) or more plans or arrangements described in Code Section 401 (k) that are maintained by the Employer or any employer who is a related
group member (within the meaning of Section 2.5(b)) shall be determined as if all such deferrals were made under a single arrangement. In the event that this Plan satisfies the requirements of Code Section 401(k), 401(a)(4) or 410(b) only
if aggregated with one (1) or more other plans, or if one (1) or more other plans satisfy the 

  
 40 

 
requirements of such Sections of the Code only if aggregated with this Plan, then the provisions of this Section 10.2 shall be applied by determining the actual deferral percentage of
eligible Participants as if all such plans were a single plan. If the Employer elects by Plan amendment to use the prior year testing method, any adjustments to the Nonhighly-Compensated Employee actual deferral percentage for the prior year shall
be made in accordance with the Final 401(k) and 401(m) Regulations. Plans may be aggregated in order to satisfy Section 401 (k) of the Code only if they have the same Plan Year and use the same average actual deferral percentage testing
method. 
 The determination and treatment of deferred amounts and the actual deferral percentage of any Participant shall be subject to the
prescribed requirements of the Secretary of the Treasury. 
 In the event the actual deferral percentage test is not satisfied for a Plan
Year, the Employer, in its discretion, may make a Fail-Safe Contribution for eligible Participants who are Nonhighly-Compensated Employees, to be allocated among their Accounts in proportion to their compensation for the Plan Year. For purposes of
this paragraph, “compensation” shall mean compensation used for the actual deferral percentage test. 
  

	 	(b)	Distributions of Excess Contributions. 

  

	 	(1)	In General. If the actual deferral percentage test of Section 10 .2( a) is not satisfied for a Plan Year, then the “excess contributions”, and income allocable thereto, shall be distributed, to the
extent required under Treasury regulations, no later than the last day of the Plan Year following the Plan Year for which the excess contributions were made. However, if such excess contributions are distributed later than two and one-half (2 1⁄2) months following the last day of the Plan Year in which such excess contributions were made, a ten percent (10%) excise tax shall be imposed upon
the Employer with respect to such excess contributions. 

  

	 	(2)	Excess Contributions. For purposes of this Section, “excess contributions” shall mean, with respect to any Plan Year, the excess of: 

 

	 	(A)	The aggregate amount of Employer contributions actually taken into account in computing the numerator of the actual deferral percentage of Highly-Compensated Employees for such Plan Year, over 

 

	 	(B)	The maximum amount of such contributions permitted by the ADP Test under Section 10.2( a) (determined by hypothetically reducing contributions made on behalf of Highly-Compensated Employees in order of the actual
deferral percentages, beginning with the highest of such percentages). 

 Excess contributions shall be allocated to the
Highly-Compensated Employees with the highest dollar amounts of contributions taken into account in calculating the actual deferral percentage test for the year in which the excess arose, beginning with the Highly-Compensated Employee with the
highest dollar 

  
 41 

 amount of such contributions and continuing in descending order until all the excess
contributions have been allocated. For purposes of the preceding sentence, the “highest dollar amount” is determined after distribution of any excess contributions. To the extent a Highly-Compensated Employee has not reached his catch-up
contribution limit (set forth in Section 4.1(e) of the Plan), excess contributions allocated to such Highly-Compensated Employee are catch-up contributions and will not be treated as excess contributions. 

 

	 	(3)	Determination of Income. Excess contributions shall be adjusted for any income or loss up to the date of distribution. The income or loss allocable to excess contributions allocated to each Participant is the sum
of: (i) income or loss allocable to the Participant’s deferred amounts for the Plan Year multiplied by a fraction, the numerator of which is the excess contributions made on behalf of the Participant for the Plan Year, and the denominator
of which is the sum of the Participant’s Account balances attributable to the Participant’s deferred amounts on the last day of the Plan Year; and (ii) ten percent (10%) of the amount determined under (i) multiplied by the
number of whole calendar months between the end of the Plan Year and the date of distribution, counting the month of distribution if distribution occurs after the fifteenth (15th) of such month.

  

	 	(4)	Accounting for Excess Contributions. Excess contributions shall be distributed from that portion of the Participant’s Account attributable to such deferred amounts to the extent allowable under Treasury
regulations. 

  

	10.3	NONDISCRIMINATION TEST FOR EMPLOYER MATCHING CONTRIBUTIONS AND AFTER-TAX CONTRIBUTIONS 

  

	 	(a)	Average Contribution Percentage Test (“ACP Test”). To the extent required by applicable law, the provisions of this Section shall apply if Employer matching contributions are made in any Plan
Year under Section 4.2 and such matching contributions are not used to satisfy the actual deferral percentage test of Section 10.2 or in the event Employee after-tax contributions are made to the Plan under Section 4.5.

 Any Employee after-tax contributions that are used to satisfy the average contribution percentage test shall satisfy the
requirements of Section 1.401(m)-2(a)(6) of the IRS Treasury Regulations. 
 As of the last day of each Plan Year, the average
contribution percentage for Highly-Compensated Employees for the Plan Year shall satisfy either of the following tests: 
  

	 	(1)	The average contribution percentage for eligible Participants who are Highly-Compensated Employees for the Plan Year shall not exceed the average contribution percentage for eligible Participants who are
Nonhighly-Compensated Employees for the Plan Year multiplied by 1.25; or 

  
 42 

	 	(2)	The average contribution percentage for eligible Participants who are Highly-Compensated Employees for the Plan Year shall not exceed the average contribution percentage for eligible Participants who are
Nonhighly-Compensated Employees for the Plan Year multiplied by two (2), provided that the average contribution percentage for eligible Participants who are Highly-Compensated Employees for the Plan Year does not exceed the average contribution
percentage for eligible Participants who are Nonhighly-Compensated Employees by more than two (2) percentage points. 

Notwithstanding the foregoing, if elected by the Employer by Plan amendment, the foregoing percentage tests shall be applied based on the
average contribution percentage of the Nonhighly-Compensated Employees for the prior Plan Year; provided, however, the change in testing methods complies with the requirements set forth in the Final 401(k) and 401(m) Regulations and any other
superseding guidance. 
 In the event the Plan changes from the current year testing method to the prior year testing method, then, for
purposes of the first testing year for which the change is effective, the average contribution percentage for Nonhighly-Compensated Employees for the prior year shall be determined by taking into account only (a) after-tax contributions for
those Nonhighly-Compensated Employees for the prior year, and (b) matching contributions for those Nonhighly-Compensated Employees that were taken into account for purposes of the average contribution percentage test (and not the average actual
deferral percentage test) under the current year testing method for the prior year. 
 For purposes of the above tests, the “average
contribution percentage” shall mean the average (expressed as a percentage) of the contribution percentages of the “eligible Participants” in each group. The “contribution percentage” shall mean the ratio (expressed as a
percentage) that the sum of Employer matching contributions, and, if applicable, Employee after-tax contributions, and elective deferrals under Section 4.1 (to the extent such elective deferrals are not used to satisfy the actual deferral
percentage test of Section 10 .2) under the Plan on behalf of the eligible Participant for the Plan Year bears to the eligible Participant’s compensation (within the meaning of Section 1.6 of the Plan) or, if the Employer chooses,
Participant’s compensation determined by using any other definition of compensation that satisfies the nondiscrimination requirements of Section 414(s) of the Code and the regulations thereunder. For purposes hereof, the Participant’s
compensation shall be referred to as “414(s) Compensation.” An Employer may limit the period taken into account for determining 414(s) Compensation to that part of the Plan Year or calendar year in which an Employee was a Participant in
the component of the Plan being tested. The period used to determine 414( s) Compensation must be applied uniformly to all Participants for the Plan Year. Such average contribution percentage shall be determined without regard to matching
contributions that are used either to correct excess contributions hereunder or because contributions to which they relate are excess deferrals under Section 10.1 or excess contributions under Section 10.2. “Eligible Participant”
shall mean each Employee who is eligible to receive Employer matching contributions or make after-tax contributions. 

  
 43 

 For purposes of this Section 10.3, the contribution percentage for any eligible Participant
who is a Highly-Compensated Employee for the Plan Year and who is eligible to have Employer matching contributions, elective deferrals and/or after-tax contributions allocated to his account under two (2) or more plans described in
Section 401(a) of the Code or under arrangements described in Section 401 (k) of the Code that are maintained by the Employer or any member of the Employer’s related group (within the meaning of Section 2.5(b)), shall be
determined as if all such contributions were made under a single plan. 
 In the event that this Plan satisfies the requirements of
Section 401(m), 401(a)(4) or 410(b) of the Code only if aggregated with one (1) or more other plans, or if one (1) or more other plans satisfy the requirements of such Sections of the Code only if aggregated with this Plan, then the
provisions of this Section 10.3 shall be applied by determining the contribution percentages of eligible Participants as if all such plans were a single plan. If the Employer elects by Plan amendment to use the prior year testing method, any
adjustments to the Nonhighly-Compensated Employee actual contribution percentage for the prior year shall be made in accordance with the Final 401(k) and 401(m) Regulations. Plans may be aggregated in order to satisfy Section 401 (m) of
the Code only if they have the same Plan Year and use the same average contribution percentage testing method. 
 The determination and
treatment of the contribution percentage of any Participant shall satisfy such other requirements as may be prescribed by the Secretary of the Treasury. 
  

	 	(b)	Distribution of Excess Employer Matching Contributions. 

  

	 	(1)	In General. If the nondiscrimination tests of Section 10.3(a) are not satisfied for a Plan Year, then the “excess aggregate contributions”, and any income allocable thereto, shall be forfeited, if
otherwise forfeitable, no later than the last day of the Plan Year following the Plan Year for which the nondiscrimination tests are not satisfied, and shall be used to reduce Employer matching contributions under Section 4.2. To the extent
that such “excess aggregate contributions” are nonforfeitable, such excess contributions shall be distributed to the Participant on whose behalf the excess contributions were made no later than the last day of the Plan Year following the
Plan Year for which such “excess aggregate contributions” were made. However, if such excess aggregate contributions are distributed later than two and one-half (21/2) months following the last day of the Plan Year in which such excess aggregate contributions were made, a ten percent (10%) excise tax shall be imposed upon the Employer with respect to such
excess aggregate contributions. For purposes of the limitations of Section 11.1 (b)(1) of the Plan, excess aggregate contributions shall be considered annual additions. 

 

	 	(2)	Excess Aggregate Contributions. For purposes of this Section, “excess aggregate contributions” shall mean, with respect to any Plan Year, the excess of: 

 

	 	(A)	The aggregate amount of Employer matching contributions and, if applicable, Employee after-tax contributions, and elective deferrals under Section 4.1 (to the extent not used to satisfy the actual deferral
percentage test of Section 10.2) actually taken into account in computing the numerator of the actual contribution percentage of Highly-Compensated Employees for such Plan Year, over 

  
 44 

	 	(B)	The maximum amount of such contributions permitted by the ACP Test under Section 10.3(a) (determined by hypothetically reducing contributions made on behalf of Highly-Compensated Employees in order of the actual
contribution percentages, beginning with the highest of such percentages). 

 Excess contributions shall be allocated to the
Highly-Compensated Employee with the largest “contribution percentage amounts” (as defined below) taken into account in calculating the average contribution percentage test for the year in which the excess arose, beginning with the
Highly-Compensated Employee with the largest amount of such contribution percentage amounts and continuing in descending order until all the excess aggregate contributions have been allocated. For purposes of the preceding sentence, the
“largest amount” is determined after distribution of any excess aggregate contributions. 
 For purposes of the preceding
paragraph, “contribution percentage amounts” shall mean the sum of Employer matching contributions and, if applicable, Employee after-tax contributions, and elective deferrals (to the extent not used to satisfy the actual deferral
percentage test of Section 10.2) made under the Plan on behalf of the Participant for the Plan Year. 
  

	 	(3)	Determination of Income. Excess aggregate contributions shall be adjusted for an income or loss up to the date of distribution. The income or loss allocable to excess contributions allocated to each Participant
is the sum of: (i) income or loss allocable to the Employer matching contributions and, if applicable, Employee after-tax contributions, and such elective deferrals for the Plan Year multiplied by a fraction, the numerator of which is the
excess aggregate contributions on behalf of the Participant for the Plan Year, and the denominator of which is the sum of the Participant’s Account balances attributable to Employer matching contributions and, if applicable, Employee after-tax
contributions, and such elective deferrals (to the extent not used to satisfy the average actual percentage test of Section 10.2) on the last day of the Plan Year; and (ii) ten percent (10%) of the amount determined under
(i) multiplied by the number of whole calendar months between the end of the Plan Year and the date of distribution, counting the month of distribution if distribution occurs after the fifteenth
(15th) of such month. 

 Notwithstanding the foregoing, to the
extent otherwise required to comply with the requirements of Section 401(a)(4) of the Code and the regulations thereunder, vested matching contributions may be forfeited. 

For this purpose, to the extent permitted by applicable law, the Plan may be disaggregated under Section 1.410(b)-7(c) of the Income Tax
Regulations, in which case the testing provisions of subsections (a) and (b) above, may separately apply to the disaggregated plans. 

  
 45 

 ARTICLE ELEVEN—LIMITATION ON ANNUAL ADDITIONS 

 

	11.1	RULES AND DEFINITIONS 

  

	 	(a)	Rules. The following rules shall limit additions to Participants’ Accounts for limitation years and Plan Years beginning on or after July 1, 2007: 

 

	 	(1)	If the Participant does not participate, and has never participated, in another qualified plan maintained by the Employer, the amount of annual additions which may be credited to the Participant’s Account for any
limitation year shall not exceed the lesser of the “maximum permissible” amount (as hereafter defined) or any other limitation contained in this Plan. If the Employer contribution that would otherwise be allocated to the Participant’s
Account would cause the annual additions for the limitation year to exceed the maximum permissible amount, the amount allocated shall be reduced so that the annual additions for the limitation year shall equal the maximum permissible amount.

  

	 	(2)	Prior to determining the Participant’s actual compensation for the limitation year, the Employer may determine the maximum permissible amount for a Participant on the basis of a reasonable estimation of the
Participant’s compensation for the limitation year, uniformly determined for all Participants similarly situated. 

  

	 	(3)	As soon as is administratively feasible after the end of the limitation year, the maximum permissible amount for the limitation year shall be determined on the basis of the Participant’s actual compensation for the
limitation year. 

  

	 	(4)	If the limitations of Section 415 of the Code are exceeded, such excess amount shall be corrected in accordance with the requirements of applicable law, including pursuant to the Employee Plans Compliance
Resolution System. 

  

	 	(5)	If, in addition to this Plan, the Participant is covered under another defined contribution plan maintained by the Employer, or a welfare benefit fund, as defined in Code Section 419(e), maintained by the Employer,
or an individual medical account, as defined in Code Section 415( 1)(2), maintained by the Employer which provides an annual addition, the annual additions which may be credited to a Participant’s account under all such plans for any such
limitation year shall not exceed the maximum permissible amount. Benefits shall be reduced under any discretionary defined contribution plan before they are reduced under any defined contribution pension plan. If both plans are discretionary
contribution plans, they shall first be reduced under this Plan. Any excess amount attributable to this Plan shall be disposed of in the manner described in Section 11.l(a)(4). 

 

	 	(b)	Definitions. 

  

	 	(1)	Annual additions: The following amounts credited to a Participant’s Account for the limitation year shall be treated as annual additions: 

  
 46 

	 	(A)	Employer contributions; 

  

	 	(B)	Elective deferrals (within the meaning of Section 4.1); 

  

	 	(C)	Employee after-tax contributions, if any; 

  

	 	(D)	Forfeitures, if any; and 

  

	 	(E)	Amounts allocated after March 31, 1984 to an individual medical account, as defined in Section 415(1)(2) of the Code, which is part of a pension or annuity plan maintained by the Employer. Also, amounts
derived from contributions paid or accrued after December 31, 1985 in taxable years ending after such date which are attributable to post-retirement medical benefits allocated to the separate account of a Key Employee, as defined in
Section 419A(d)(3), and amounts under a welfare benefit fund, as defined in Section 419(e), maintained by the Employer, shall be treated as annual additions to a defined contribution plan. 

Employer and employee contributions taken into account as annual additions shall include “excess contributions” as defined in
Section 401(k)(8)(B) of the Code, “excess aggregate contributions” as defined in Section 401(m)(6)(B) of the Code, and “excess deferrals” as defined in Section 402(g) of the Code, regardless of whether such amounts
are distributed, recharacterized or forfeited, unless such amounts constitute excess deferrals that were distributed to the Participant no later than April 15 of the taxable year following the taxable year of the Participant in which such
deferrals were made. 
 For this purpose, any excess amount applied under Section 11.1(a)(4) in the limitation year to reduce Employer
contributions shall be considered annual additions for such limitation year. 
  

	 	(2)	Compensation: For purposes of determining maximum permitted benefits under this Section, compensation shall include all of a Participant’s earned income, wages, salaries, and fees for professional services,
and other amounts received for personal services actually rendered in the course of employment with the Employer, including, but not limited to, commissions paid to salesmen, compensation for services on the basis of a percentage of profits,
commissions on insurance premiums, tips and bonuses, elective deferrals (as defined in Section 402(g)(3) of the Code) made by an Employee to the Plan and any amount contributed or deferred by an Employee on an elective basis and not includable
in the gross income of the Employee under Section 125, 132(f), or 457 of the Code. Notwithstanding the foregoing, Compensation for purposes of this Section shall exclude the following: 

  
 47 

	 	(A)	Except as provided in the preceding paragraph of this Section 11.1 (b)(2), Employer contributions to a plan of deferred compensation which are not included in the Employee’s gross income for the taxable year
in which contributed, or Employer contributions under a simplified employee pension plan (funded with individual retirement accounts or annuities) to the extent such contributions are deductible by the Employee, or any distributions from a plan of
deferred compensation; 

  

	 	(B)	Amounts realized from the exercise of a nonqualified stock option, or when restricted stock (or property) held by the Employee either becomes freely transferable or is no longer subject to a substantial risk of
forfeiture; 

  

	 	(C)	Amounts realized from the sale, exchange, or other disposition of stock acquired under a qualified stock option; 

  

	 	(D)	Other amounts which received special tax benefits, or contributions made by the Employer (whether or not under a salary reduction agreement) toward the purchase of an annuity described in Section 403(b) of the Code
(whether or not the amounts are actually excludable from the gross income of the Employee); and 

  

	 	(E)	Amounts in excess of the applicable Code Section 401(a)(17) limit. 

 Compensation shall be
measured on the basis of compensation paid in the limitation year. 
 Any compensation described in this Section 11.1(b)(2) does not
fail to be Compensation merely because it is paid after the Participant’s severance from employment with the Employer, provided the Compensation is paid by the later of 2Y2 months after severance from employment with the Employer or the end of
the limitation year that includes the date of severance from employment. In addition, payment for unused bona fide sick, vacation or other leave shall be included as Compensation if (i) the Participant would have been able to use the leave if
employment had continued, (ii) such amounts are paid by the later of 212 months after severance from employment with the Employer or the end of the Plan Year that includes the date of severance from employment and (iii) such amounts would
have been included as Compensation if they were paid prior to the Participant’s severance from employment with the Employer. 
  

	 	(3)	Defined contribution dollar limitation: This shall mean $40,000, as adjusted under Section 415(d) of the Code. 

  

	 	(4)	Employer: This term refers to the Employer that adopts this Plan, and all members of a controlled group of corporations (as defined in Section 414(b) of the Code, as modified by Section 415(h)),
commonly-controlled trades or businesses (as defined in Section 414(c), as modified by Section 41 5(h)), or affiliated service groups (as defined in Section 414(m)) of which the Employer is a part, or any other entity required to be
aggregated with the Employer under Code Section 414(o). 

  
 48 

	 	(5)	Limitation year: This shall mean the Plan Year, unless the Employer elects a different twelve (12) consecutive month period. The election shall be made by the adoption of a Plan amendment by the Employer. If
the limitation year is amended to a different twelve (12) consecutive month period, the new limitation year must begin on a date within the limitation year in which the amendment is made. 

 

	 	(6)	Maximum permissible amount: Except to the extent permitted under Section 4.l(e) and Section 414(v) of the Code, if applicable, this shall mean an amount equal to the lesser of the defined contribution
dollar limitation or one hundred percent (100%) of the Participant’s compensation for the limitation year. If a short limitation year is created because of an amendment changing the limitation year to a different twelve (12)-consecutive
month period, the maximum permissible amount shall not exceed the defined contribution dollar limitation multiplied by the following fraction: 

Number of months in the short limitation year 

12 

  
 49 

 ARTICLE TWELVE—AMENDMENT AND TERMINATION 

 

	12.1	AMENDMENT. The Employer reserves the right to amend, or modify the Plan at any time, or from time to time, in whole or in part. To the extent permitted by board resolutions of the Employer, any amendment may be
adopted by action of a named fiduciary appointed pursuant to Section 9.1 to which the Employer as Administrator has delegated the authority to amend the Plan. Any such amendment shall become effective under its terms upon adoption by the
Employer, or named fiduciary, as the case may be. However, no amendment affecting the duties, powers or responsibilities of the Trustee may be made without the written consent of the Trustee. No amendment shall be made to the Plan which shall:

  

	 	(a)	make it possible (other than as provided in Section 14.3) for any part of the corpus or income of the Trust Fund (other than such part as may be required to pay taxes and administrative expenses) to be used for or
diverted to purposes other than the exclusive benefit of the Participants or their Beneficiaries; 

  

	 	(b)	decrease a Participant’s account balance or eliminate an optional form of payment (unless permitted by applicable law) with respect to benefits accrued as of the later of (i) the date such amendment is
adopted, or (ii) the date the amendment becomes effective; or 

  

	 	(c)	alter the schedule for vesting in a Participant’s Account with respect to any Participant with three (3) or more Years of Service for vesting purposes without his consent or deprive any Participant of any
nonforfeitable portion of his Account. 

 Notwithstanding the other provisions of this Section or any other provisions of the
Plan, any amendment or modification of the Plan may be made retroactively if necessary or appropriate within the remedial amendment period to conform to or to satisfy the conditions of any law, governmental regulation, or ruling, and to meet the
requirements of the Employee Retirement Income Security Act of 1974, as it may be amended. 
 If any corrective amendment (within the meaning
of Section l.40l(a)(4)-11(g) of the IRS Treasury Regulations) is made after the end of a Plan Year, such amendment shall satisfy the requirements of Section 1.401(a)(4)-11(g)(3) and (4) of the IRS Treasury Regulations. 

 

	12.2	 TERMINATION OF THE PLAN. The Employer, by resolution of its board of directors, reserves the right at any time and in its sole discretion to
discontinue payments under the Plan and to terminate the Plan. In the event the Plan is terminated, or upon complete discontinuance of contributions under the Plan by the Employer, the rights of each Participant to his Account on the date of such
termination or discontinuance of contributions, to the extent of the fair market value under the Trust Fund, shall become fully vested and nonforfeitable. The Employer shall direct the Trustee to distribute the Trust Fund in accordance with the
Plan’s distribution provisions to the Participants and their Beneficiaries, each Participant or Beneficiary receiving a portion of the Trust Fund equal to the value of his Account as of the date of distribution. These distributions may be
implemented by the continuance of the Trust and the distribution of the Participants’ Account shall be made at such time and in such manner as though the Plan had not 

  
 50 

	 	
terminated, or by any other appropriate method, including rollover into Individual Retirement Accounts. Upon distribution of the Trust Fund, the Trustee shall be discharged from all obligations
under the Trust and no Participant or Beneficiary shall have any further right or claim therein. In the event of the partial termination of the Plan, the Accounts of all affected Participants shall become fully vested and nonforfeitable.

 In the event of the termination of the Plan, any amounts to be distributed to Participants or Beneficiaries who cannot be
located shall be handled in accordance with the provisions of applicable law (which may include the establishment of an account for such Participant or Beneficiary). 

  
 51 

 ARTICLE THIRTEEN—TOP-HEAVY PROVISIONS 

 

	13.1	APPLICABILITY. The provisions of this Article shall become applicable only for any Plan Year in which the Plan is a Top-Heavy Plan (as defined in Section 13.2(b)) and only if, and to the
extent, required under Section 416 of the Code and the regulations issued thereunder. Notwithstanding the foregoing, this Article shall not apply in any Plan Year in which the Plan consists solely of a cash or deferred arrangement which meets
the requirements of Section 40l(k)(12) of the Code and matching contributions with respect to which the requirements of Section 40l(m)(11) of the Code are met. 

 

	13.2	DEFINITIONS. For purposes of this Article, the following definitions shall apply: 

  

	 	(a)	“Key Employee”: “Key Employee” shall mean any Employee or former Employee (including any deceased Employee) who, at any time during the Plan Year that includes the determination date, was an
officer of the Employer having annual compensation greater than $130,000 (as adjusted under Section 416(i)(l) of the Code for Plan Years beginning after December 31, 2002), a five percent (5%) owner of the Employer, or a one percent
(1%) owner of the Employer having annual compensation of more than $150,000. For this purpose, annual compensation shall mean compensation as defined in Section 11.1(b)(2) of the Plan. The determination of who is a Key Employee (including the
terms “5% owner” and “1% owner”) shall be made in accordance with Section 4 16(i)(l) of the Code and the applicable regulations and other guidance of general applicability issued thereunder. 

 

	 	(b)	“Top-Heavy Plan”: 

  

	 	(1)	The Plan shall constitute a “Top-Heavy Plan” if any of the following conditions exist: 

  

	 	(A)	The top-heavy ratio for the Plan exceeds sixty percent (60%) and the Plan is not part of any required aggregation group or permissive aggregation group of plans; or 

 

	 	(B)	The Plan is part of a required aggregation group of plans (but is not part of a permissive aggregation group) and the top-heavy ratio for the group of plans exceeds sixty percent (60%); or 

 

	 	(C)	The Plan is a part of a required aggregation group of plans and part of a permissive aggregation group and the top-heavy ratio for the permissive aggregation group exceeds sixty percent (60%). 

 

	 	(2)	 If the Employer maintains one (1) or more defined contribution plans (including any simplified employee pension plan funded with individual retirement
accounts or annuities) and the Employer maintains or has maintained one (1) or more defined benefit plans which have covered or could cover a Participant in this Plan, 

  
 52 

	 	
the top-heavy ratio is a fraction, the numerator of which is the sum of account balances under the defined contribution plans for all Key Employees and the actuarial equivalents of accrued
benefits under the defined benefit plans for all Key Employees, and the denominator of which is the sum of the account balances under the defined contribution plans for all Participants and the actuarial equivalents of accrued benefits under the
defined benefit plans for all Participants. Both the numerator and denominator of the top-heavy ratio shall include any distribution of an account balance or an accrued benefit made in the one (1)-year period ending on the determination date and any
contribution due to a defined contribution pension plan but unpaid as of the determination date. However, in the case of any distribution made for a reason other than severance from employment, death, or disability, this provision shall be applied
by substituting a five (5)-year period for a one (1)-year period. In determining the accrued benefit of a non-Key Employee who is participating in a plan that is part of a required aggregation group, the method of determining such benefit shall be
either (i) in accordance with the method, if any, that uniformly applies for accrual purposes under all plans maintained by the Employer or any member of the Employer’s related group (within the meaning of Section 2.5(b)), or
(ii) if there is no such method, as if such benefit accrued not more rapidly than the slowest accrual rate permitted under the fractional accrual rate of Code Section 411 (b)( 1)(C). 

 

	 	(3)	For purposes of (1) and (2) above, the value of account balances and the actuarial equivalents of accrued benefits shall be determined as of the most recent Valuation Date that falls within or ends with the
twelve (12)-month period ending on the determination date. The account balances and accrued benefits of a Participant who is not a Key Employee but who was a Key Employee in a prior year shall be disregarded. The accrued benefits and account
balances of Participants who have performed no service with any Employer maintaining the plan for the one (1)-year period ending on the determination date shall be disregarded. The calculations of the top-heavy ratio, and the extent to which
distributions, rollovers, and transfers are taken into account shall be made under Section 416 of the Code and regulations issued thereunder. Deductible Employee contributions shall not be taken into account for purposes of computing the
top-heavy ratio. When aggregating plans, the value of account balances and accrued benefits shall be calculated with reference to the determination dates that fall within the same calendar year. 

 

	 	(4)	Definition of terms for Top-Heavy status: 

  

	 	(A)	“Top-heavy ratio” shall mean the following: 

  

	 	(1)	 If the Employer maintains one or more defined contribution plans (including any simplified employee pension plan funded with individual retirement
accounts or annuities) and the Employer has never maintained any defined benefit plans which have covered or could cover a Participant in this Plan, the top-heavy ratio is a fraction, the numerator of which is the sum of the account balances

  
 53 

	 	
of all Key Employees as of the determination date, and the denominator of which is the sum of the account balances of all Participants as of the determination date. Both the numerator and the
denominator shall be increased by any contributions due but unpaid to a defined contribution pension plan as of the determination date. 

  

	 	(B)	“Permissive aggregation group” shall mean the required aggregation group of plans plus any other plan or plans of the Employer which, when considered as a group with the required aggregation group,
would continue to satisfy the requirements of Sections 401(a)(4) and 410 of the Code. 

  

	 	(C)	“Required aggregation group” shall mean (i) each qualified plan of the Employer (including any terminated plan) in which at least one Key Employee participates, and (ii) any other qualified
plan of the Employer which enables a plan described in (i) to meet the requirements of Section 401(a)(4) or 410 of the Code. 

  

	 	(D)	“Determination date” shall mean, for any Plan Year subsequent to the first Plan Year, the last day of the preceding Plan Year. For the first Plan Year of the Plan, “determination date” shall
mean the last day of that Plan Year. 

  

	 	(E)	“Valuation Date” shall mean the last day of the Plan Year. 

  

	 	(F)	“Actuarial equivalence” shall be based on the interest and mortality rates utilized to determine actuarial equivalence when benefits are paid from any defined benefit plan. If no rates are specified in
said plan, the following shall be utilized: pre- and post-retirement interest — five percent (5%); post-retirement mortality based on the Unisex Pension (1984) Table as used by the Pension Benefit Guaranty Corporation on the date of
execution hereof. 

  

	13.3	ALLOCATION OF EMPLOYER CONTRIBUTIONS AND FORFEITURES FOR A TOP-HEAVY PLAN YEAR. 

  

	 	(a)	Except as otherwise provided below, in any Plan Year in which the Plan is a Top-Heavy Plan, the Employer contributions and forfeitures allocated on behalf of any Participant who is a non-Key Employee shall not be less
than the lesser of three percent (3%) of such Participant’s compensation (as defined in Section 11.1(b)(2) and as limited by Section 401(a)(17) of the Code) or the largest percentage of Employer contributions, elective deferrals
(within the meaning of Section 4.1), and forfeitures as a percentage of the Key Employee’s compensation (as defined in Section 11.1(b)(2) and as limited by Section 401(a)(17) of the Code), allocated on behalf of any Key Employee
for that Plan Year. This minimum allocation shall be made even though, under other Plan provisions, the Participant would not otherwise be entitled to receive an allocation or would have received a lesser allocation for the Plan Year because of
insufficient Employer contributions under Section 4.2, the Participant’s failure to make elective deferrals under Section 4.1 or compensation is less than a stated amount. 

  
 54 

	 	(b)	The minimum allocation under this Section shall not apply to any Participant who was not employed by the Employer on the last day of the Plan Year. 

 

	 	(c)	Elective deferrals may not be taken into account for the purpose of satisfying the minimum allocation. However, Employer matching contributions may be taken into account for the purpose of satisfying the minimum
allocation. 

  

	 	(d)	For purposes of the Plan, a non-Key Employee shall be any Employee or Beneficiary of such Employee, any former Employee, or Beneficiary of such former Employee, who is not or was not a Key Employee during the Plan Year
ending on the determination date. 

  

	 	(e)	If no defined benefit plan has ever been part of a permissive or required aggregation group of plans of the Employer, the contributions and forfeitures under this step shall be offset by any allocation of contributions
and forfeitures under any other defined contribution plan of the Employer with a Plan Year ending in the same calendar year as this Plan’s Valuation Date. 

  

	 	(f)	There shall be no duplication of the minimum benefits required under Code Section 416. Benefits shall be provided under defined contribution plans before under defined benefit plans. If a defined benefit plan
(active or terminated) is part of the permissive or required aggregation group of plans, the allocation method of subparagraph (a) above shall apply, except that “3%” shall be increased to “5%.” 

 

	13.4	VESTING. The provisions contained in Section 6.1 relating to vesting shall continue to apply in any Plan Year in which the Plan is a Top-Heavy Plan, and apply to all benefits within the meaning
of Section 411(a)(7) of the Code except those attributable to Employee contributions and elective deferrals under Section 4.1, including benefits accrued before the effective date of Section 416 and benefits accrued before the Plan
became a Top-Heavy Plan. 

 Payment of a Participant’s vested Account balance under this Section shall be made in
accordance with the provisions of Article Seven. 

  
 55 

 ARTICLE FOURTEEN—MISCELLANEOUS PROVISIONS 

 

	14.1	PLAN DOES NOT AFFECT EMPLOYMENT. Neither the creation of this Plan, any amendment thereto, the creation of any fund nor the payment of benefits hereunder shall be construed as giving any legal or equitable
right to any Employee or Participant against the Employer, its officers or Employees, or against the Trustee. All liabilities under this Plan shall be satisfied, if at all, only out of the Trust Fund held by the Trustee. Participation in the Plan
shall not give any Participant any right to be retained in the employ of the Employer, and the Employer hereby expressly retains the right to hire and discharge any Employee at any time with or without cause, as if the Plan had not been adopted, and
any such discharged Participant shall have only such rights or interests in the Trust Fund as may be specified herein. 

  

	14.2	SUCCESSOR TO THE EMPLOYER. In the event of the merger, consolidation, reorganization or sale of assets of the Employer, under circumstances in which a successor person, firm, or corporation shall carry on
all or a substantial part of the business of the Employer, and such successor shall employ a substantial number of Employees of the Employer and shall elect to carry on the provisions of the Plan, such successor shall be substituted for the Employer
under the terms and provisions of the Plan upon the filing in writing with the Trustee of its election to do so. 

  

	14.3	REPAYMENTS TO THE EMPLOYER. Notwithstanding any provisions of this Plan to the contrary: 

  

	 	(a)	Any monies or other Plan assets attributable to any contribution made to this Plan by the Employer because of a mistake of fact shall be returned to the Employer within one (1) year after the date of contribution.

  

	 	(b)	Any monies or other Plan assets attributable to any contribution made to this Plan by the Employer shall be refunded to the Employer, to the extent such contribution is predicated on the deductibility thereof under the
Code and the income tax deduction for such contribution is disallowed. Such amount shall be refunded within one (1) taxable year after the date of such disallowance or within one (1) year of the resolution of any judicial or administrative
process with respect to the disallowance. All Employer contributions hereunder are expressly contributed based upon such contributions’ deductibility under the Code. 

 

	14.4	 BENEFITS NOT ASSIGNABLE. Except as provided in Section 414(p) of the Code with respect to “qualified domestic relations
orders,” or except as provided in Section 401(a)(13)(C) of the Code with respect to certain judgments and settlements, the rights of any Participant or his Beneficiary to any benefit or payment hereunder shall not be subject to voluntary
or involuntary alienation or assignment. 

  
 56 

	 	
With respect to any “qualified domestic relations order” relating to the Plan, the Plan shall permit distribution to an alternate payee under such order at any time, irrespective of
whether the Participant has attained his “earliest retirement age” (within the meaning of Section 414(p)(4)(B) of the Code) under the Plan. A distribution to an alternate payee prior to the Participant’s attainment of his
earliest retirement age shall, however, be available only if the order specifies distribution at that time or permits an agreement between the Plan and the alternate payee to authorize an earlier distribution. Nothing in this paragraph shall,
however, give a Participant a right to receive distribution at a time otherwise not permitted under the Plan nor does it permit the alternate payee to receive a form of payment not otherwise permitted under the Plan or under said Section 414(p)
of the Code. 

  

	14.5	MERGER OF PLANS. In the case of any merger or consolidation of this Plan with, or transfer of the assets or liabilities of the Plan to, any other plan, the terms of such merger, consolidation or transfer
shall be such that each Participant would receive (in the event of termination of this Plan or its successor immediately thereafter) a benefit which is no less than what the Participant would have received in the event of termination of this Plan
immediately before such merger, consolidation or transfer. 

  

	14.6	INVESTMENT EXPERIENCE NOT A FORFEITURE. The decrease in value of any Account due to adverse investment experience shall not be considered an impermissible “forfeiture” of any vested balance.

  

	14.7	CONSTRUCTION. Wherever appropriate, the use of the masculine gender shall be extended to include the feminine and/or neuter or vice versa; and the singular form of words shall be extended to include the
plural; and the plural shall be restricted to mean the singular. 

  

	14.8	GOVERNING DOCUMENTS. A Participant’s rights shall be determined under the terms of the Plan as in effect at the Participant’s date of termination from employment, or, if later, and to the extent
permitted by applicable law, as determined under the terms of the Plan. 

  

	14.9	GOVERNING LAW. The provisions of this Plan shall be construed under the laws of the state of the situs of the Trust, except to the extent such laws are preempted by Federal law. 

 

	14.10	HEADINGS. The Article headings and Section numbers are included solely for ease of reference. If there is any conflict between such headings or numbers and the text of the Plan, the text shall
control. 

  

	14.11	COUNTERPARTS. This Plan may be executed in any number of counterparts, each of which shall be deemed an original; said counterparts shall constitute but one and the same instrument, which may be sufficiently
evidenced by any one counterpart. 

  
 57 

	14.12	LOCATION OF PARTICIPANT OR BENEFICIARY UNKNOWN. In the event that all or any portion of the distribution payable to a Participant or to a Participant’s Beneficiary hereunder shall, at the expiration
of five (5) years after it shall become payable, remain unpaid solely by reason of the inability of the Administrator to ascertain the whereabouts of such Participant or Beneficiary, after sending a registered letter, return receipt requested,
to the last known address, and after further diligent effort, the amount so distributable shall be forfeited and used to pay Plan administrative expenses and/or used to reduce future Employer contributions. In the event a Participant or Beneficiary
is located subsequent to the forfeiture of his Account balance, such Account balance shall be restored. 

  

	14.13	DISTRIBUTION TO MINOR OR LEGALLY INCAPACITATED. In the event any benefit is payable to a minor or to a person deemed to be incompetent or to a person otherwise under legal disability, or who is by sole
reason of advanced age, illness, or other physical or mental incapacity incapable of handling the disposition of his property, the Administrator may direct the Trustee to make payment of such benefit to the minor’s or legally incapacitated
person’s court appointed guardian, person designated in a valid power of attorney, or any other person authorized under state law. The receipt of any such payment or distribution shall be a complete discharge of liability for Plan obligations.

  
  

IN WITNESS WHEREOF, each of the Employers and Participating Affiliates, by their duly authorized officers, has caused this Plan to be executed on the
18th day of June, 2009. 
  

			
	UNITIL CORPORATION
		
	By	 	/s/ Robert G. Schoenberger
		 	Authorized Officer
	
	UNITIL SERVICE CORP.
		
	By	 	Mark H. Collin
		 	Authorized Officer

  
 58 

			
	UNITIL ENERGY SYSTEMS, INC.
		
	By	 	/s/ Robert G. Schoenberger
		 	Authorized Officer
	
	FITCHBURG GAS AND ELECTRIC LIGHT COMPANY
		
	By	 	/s/ Robert G. Schoenberger
		 	Authorized Officer
	
	NORTHERN UTILITIES, INC.
		
	By	 	/s/ Robert G. Schoenberger
		 	Authorized Officer
	
	GRANITE STATE GAS TRANSMISSION, INC.
		
	By	 	/s/ Robert G. Schoenberger
		 	Authorized Officer

  
 59 

 AMENDMENT FOR THE PENSION PROTECTION ACT OF 2006 (“PPA”), 

HEROES EARNINGS ASSISTANCE AND RELIEF TAX ACT OF 2008 (“HEART 

ACT”) AND 
 THE
WORKER, RETIREE AND EMPLOYER RECOVERY ACT OF 2008 (“PPA 
 TECHNICAL CORRECTIONS ACT”) 

UNITIL CORPORATION TAX DEFERRED SAVINGS AND INVESTMENT PLAN 

WHEREAS, Unitil Corporation (the “Employer”) heretofore adopted the Unitil Corporation Tax Deferred Savings and Investment Plan (the
“Plan”); and 
 WHEREAS, the Employer reserved the right to amend the Plan; and 

WHEREAS, the Employer desires to amend the Plan to comply with the Pension Protection Act of 2006 (“PPA”), the Heroes Earnings Assistance and
Relief Tax Act of 2008 (“HEART Act”), the Worker, Retiree and Employer Recovery Act of 2008 (“PPA Technical Corrections Act”); 

NOW, THEREFORE, the Plan is hereby amended, effective as of the date or dates set forth below, as follows, with such amendment intended to constitute
good faith compliance with the above-referenced law changes and to supersede the provisions of the Plan to the extent those provisions are inconsistent with the provisions of this amendment: 

 

	1.	Section 5.1 (b) of the Plan shall be amended, effective for Plan Years beginning after December 31, 2006, by adding the following paragraph(s) to the conclusion of such subsection: 

“Divestment of Employer Securities: lf any portion of a Participant’s Account is invested in publicly-traded employer securities
(within the meaning of Section 407(d)(l) of the Employee Retirement Income Security Act of 1974), the Participant may direct the Trustee to divest such securities and to reinvest the proceeds in other investment options available under the
Plan, subject to the provisions of Code Section 401(a)(35), in accordance with rules and procedures established by the Administrator from time to time. 

For purposes hereof, except as otherwise provided in Code Section 401(a)(35) or regulations promulgated thereunder, a plan holding
employer securities which are not publicly-traded securities shall be treated as holding publicly-traded employer securities if any Employer corporation, or any member of a controlled group of corporations which includes such Employer corporation
(as defined in Code Section 40l(a)(35)(F)(iii)) has issued a class of stock which is a publicly traded employer security.” 
  

	2.	Section 7.2 of the Plan shall be amended by adding the following paragraph to the end of such Section: 

“Minimum distributions under Section 401(a)(9) of the Code for 2009 may be suspended subject to the requirements of applicable law
and Plan administrative practices.” 

	3.	Section 7.8 of the Plan shall be amended by adding the following paragraphs to the conclusion of such Section: 

“For any distribution notice issued in Plan Years beginning after December 31, 2006, the description of a Participant’s right,
if any, to defer distribution shall also describe the consequences of failing to defer receipt of the distribution in accordance with the requirements of applicable law. In addition, any reference to the ninety (90) day maximum notice period
prior to distribution in applying the notice requirements of Code Sections 402(f), 411(a)(11) and 417 will become one hundred and eighty (180) days. 

For taxable years beginning after December 31, 2006, a Participant may elect to transfer any after-tax contributions by means of a direct
rollover to a qualified plan or to a 403(b) plan that agrees to separately account for amounts so transferred, including accounting separately for the portion(s) of such distribution which are includable, and not includable, in gross income. 

For distributions made after December 3 1, 2007, a Participant may elect to roll over directly an eligible rollover distribution to a Roth
IRA described in Code Section 408A(b), subject to the requirements of applicable law. 
 For distributions after December 31, 2009,
a non-spouse Beneficiary who is a “designated beneficiary” under Code Section 401(a)(9)(E) and the regulations promulgated thereunder may roll over his distribution, in accordance with the requirements of applicable law and in
accordance with procedures established by the Administrator, to an individual retirement account (or other permissible eligible retirement plan) established by or for the Beneficiary for purposes of receiving the distribution. In order to be able to
rollover the distribution, the distribution must otherwise satisfy the definition of an “eligible rollover distribution” (within the meaning of Code Section 402(f)(2)(A)).” 

 

	4.	Article Eight of the Plan shall be amended by adding the following Section to such Article: 

  

	 	“8.6	HEART ACT PROVISIONS. 

  

	 	(a)	Death benefits. In the case of a Participant’s death occurring on or after January 1, 2007, if a Participant dies while performing qualified military service (as defined in Code
Section 414(u)), the Beneficiary(ies) (or surviving spouse, if the qualified joint and survivor annuity or qualified pre-retirement survivor annuity rules apply) of the Participant shall be entitled to any additional benefits (other than
benefit accruals relating to the period of qualified military service) provided under the Plan as if the Participant had resumed employment and then terminated employment on account of death. 

	 	(b)	Differential wage payments. For years beginning after December 31, 2008, (i) a Participant receiving a differential wage payment, as defined by Code Section 3401(h)(2), shall be
treated as an Employee of the Employer making the payment, (ii) the differential wage payment shall be treated as Compensation, and (iii) the Plan shall not be treated as failing to meet the requirements of any provision described in Code
Section 414(u)(l)(C) by reason of any contribution or benefit which is based on the differential wage payment. 

  

	 	(c)	Severance from employment. For years beginning after December 31, 2008 and for purposes of Code Section 401(k)(2)(B)(i)(l), an individual shall be treated as having severed from employment during
any period the individual is performing service in the uniformed services described in Code Section 340l(h)(2)(A). 

 If
a Participant elects to receive a distribution by reason of such severance from employment, the Participant may not make an elective deferral or employee contribution during the six (6)-month period beginning on the date of such distribution.”

  

	5.	Section 10.1 of the Plan shall be amended by adding the following sentence to the conclusion of such subsection: 

“Notwithstanding the foregoing, for Plan Years beginning after December 31, 2007, the Administrator shall not calculate and
distribute income for the period after the close of the Plan Year in which the Excess Elective Deferral occurred and prior to the distribution of such Excess Elective Deferral.” 

 

	6.	Section 10.2(b)(3) of the Plan shall be amended by adding the following sentence to the conclusion of such subsection: 

“Notwithstanding the foregoing, for Plan Years beginning after December 31, 2007, the Administrator shall not calculate and
distribute income for the period after the close of the Plan Year in which the excess contribution occurred and prior to the distribution of such excess contribution.” 
  

	7.	Section 10.3(b)(3) of the Plan shall be amended by adding the following sentence to the conclusion of such subsection: 

“Notwithstanding the foregoing, for Plan Years beginning after December 31, 2007, the Administrator shall not calculate and
distribute income for the period after the close of the Plan Year in which the excess aggregate contribution occurred and prior to the distribution of such excess aggregate contribution.” 

 

	8.	Except as hereinabove amended, the provisions of the Plan shall continue in full force and effect. 

 IN WITNESS WHEREOF, the Employer, by its duly authorized officer, has caused this Amendment to be executed
on the 18th day of June, 2009. 
  

			
	UNITIL CORPORATION
		
	By:	 	/s/ Mark H. Collin

 AMENDMENT TO 

UNITIL CORPORATION TAX DEFERRED SAVINGS AND INVESTMENT PLAN 

WHEREAS, Unitil Corporation (the “Employer”) heretofore adopted the Unitil Corporation Tax Deferred Savings and Investment Plan (the
“Plan”); and 
 WHEREAS, the Employer reserved the right to amend the Plan; and 

WHEREAS, the Employer desires to amend the Plan to comply with the final regulations under Section 415 of the Internal Revenue Code of 1986, as
amended; 
 NOW, THEREFORE, the Plan is hereby amended, effective for limitation years and Plan Years beginning on or after July 1, 2007, as
follows: 
  

	1.	Section 1.6 of the Plan shall be amended by adding the following to the conclusion of such Section: 

Any compensation described in this Section 1.6 does not fail to be Compensation merely because it is paid after the Participant’s
severance from employment with the Employer, provided the Compensation is paid by the later of 2 1⁄2 months after severance from employment with the Employer
or the end of the Plan Year that includes the date of severance from employment. However, any overtime, bonuses, commissions or incentive payments shall not be taken into account. 

In addition, payment for unused accrued bona fide sick, vacation or other leave shall be included as Compensation if (i) the Participant
would have been able to use the leave if employment had continued, (ii) such amounts are paid by the later of 2 1⁄2 months after severance from employment
with the Employer or the end of the Plan Year that includes the date of severance from employment, and (iii) such amounts would have been included as Compensation if they were paid prior to the Participant’s severance from employment with
the Employer. 
  

	2.	Section 11.1(a)(4) of the Plan shall be amended to read in its entirety as follows: 

 (4)
If the limitations of Section 415 of the Code are exceeded, such excess amount shall be corrected in accordance with the requirements of applicable law, including pursuant to the Employee Plans Compliance Resolution System. 

 

	3.	Section 11.1(b)(2) of the Plan shall be amended by adding the following subsection (E): 

  

	 	(E)	Amounts in excess of the applicable Code Section 401(a)(17) limit. 

	4.	Section 11.1(b)(2) of the Plan shall be further amended by adding the following paragraph to the conclusion of such Section: 

Any compensation described in this Section 11.1(b)(2) does not fail to be Compensation merely because it is paid after the
Participant’s severance from employment with the Employer, provided the Compensation is paid by the later of 21/2 months after severance from employment with the Employer or the end of the limitation year that includes the date of severance
from employment. 
  

	5.	Except as hereinabove amended, the provisions of the Plan shall continue in full force and effect. 

 IN
WITNESS WHEREOF, the Employer, by its duly authorized officer, has caused this Amendment to be executed on the 18 day of June, 2009. 
  

			
	UNITIL CORPORATION
		
	By:	 	/s/ Mark H. Collin

 AMENDMENT TO 

UNITIL CORPORATION TAX DEFERRED SAVINGS AND INVESTMENT PLAN 

WHEREAS, Unitil Corporation (the “Employer’’) heretofore adopted the Unitil Corporation Tax Deferred Savings and Investment Plan (the
“Plan”); and 
 WHEREAS, the Employer reserved the right to amend the Plan; and 

WHEREAS, the Employer desires to amend the Plan to add (1) an automatic enrollment feature to the Plan, (2) a managed savings feature to the
Plan, (3) a new Company Contribution feature, and (4) a new matching contribution arrangement; 
 NOW, THEREFORE, the Plan is hereby
amended, effective as of January 1, 2010, as follows: 
  

	1.	Section 1.6 of the Plan shall be amended by deleting from clause (b) of the last sentence of such section the words “nevertheless be exclusive of’’ and by inserting, in lieu of said words so
deleted, the new words “include bonuses and incentive payments, but exclude”. 

  

	2.	Section 4.l(a) of the Plan shall be amended by adding the following paragraphs at the conclusion of such subsection: 

“Notwithstanding the foregoing, any Employee not included in a unit of Employees covered by a collective bargaining agreement between the
Employer and Employee representatives (‘Non-union Participant’), who elected to opt-out of the Employer’s defined benefit plan as of January 1, 20 10, and/or upon first becoming eligible to participate in the Plan pursuant to
Section 3.1 or upon becoming eligible upon being rehired on or after January 1, 2010, who fails to affirmatively make any deferral election (including an election to contribute zero percent (0%) of his Compensation to the Plan) within the
time prescribed by the Administrator, shall be deemed to have elected to defer three percent (3%) of his Compensation as a pre-tax contribution (‘deemed elective deferral’ ). The Administrator shall provide to each such Employee a
notice of his right to receive the amount of the deemed elective deferral in cash and his right to increase or decrease his rate of elective deferrals. 

Non-union Participants who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2010 and/or who are first
eligible to participate in the Plan, and eligible Non-union Participants who are rehired, on or after January 1, 2010, shall be enrolled in the Plan’s “Managed Savings” feature unless they elect to opt out of such feature. Such
Non-union Participants, as of January 151 of each Plan year, shall have their rate of elective deferral contributions automatically increased by one percent (1 %). Such rate of elective deferral contributions shall be further increased by an
additional one percent (1%) per year as of each subsequent January 1st Notwithstanding the above, a Participant shall not have his rate of elective deferral contributions automatically
increased beyond ten percent (10%). All other Participants in the Plan may elect to participate in the ‘Managed Savings’ feature of the Plan described in this paragraph by making an election pursuant to procedures established by the
Administrator. A Participant’s election to participate in the ‘Managed Savings’ feature shall remain in place until the Participant revokes such election.” 
  

	3.	Section 4.2 of the Plan shall be amended by adding the following paragraph as the new third paragraph of such section: 

  
 1 

 “Notwithstanding the provisions of this Section 4.2 to the contrary, and solely with
respect to Non-union Participants who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2010 and/or are first eligible to participate in the Plan and eligible Non-union Participants who are rehired on or after
January 1, 2010, as well as any Participants who were eligible for the Plan prior to January 1, 2010 who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2010, in lieu of receiving Employer matching
contributions pursuant to the previous provisions of this section, the Employer will contribute to the Plan on behalf of each such Participant for each payroll period a matching contribution in an amount equal to 100% of the elective deferrals
(within in the meaning of Section 4.1) and/or after-tax contributions (under Section 4.5) made by such Participant; provided, however, that the amount of such Employer Matching Contribution for any such Participant in a Plan Year shall not
exceed six percent (6%) of the Participant’s Compensation for that payroll period. Those Participants who elect to continue participating in the Employer’s defined benefit plan will not be eligible for this increased matching
contribution and shall continue to receive discretionary matching contributions in accordance with the previous provisions of this section.” 
  

	4.	Section 4.2A shall be added to the Plan as follows: 

  

	 	“4.2A	COMPANY CONTRIBUTION. Effective on and after January 1, 2010, each payroll period the Employer shall make a ‘Company Contribution’ on behalf of Non-union Participants who elected to
opt-out of the Employer’s defined benefit plan as of January 1, 2010 and/or are first eligible to participate in the Plan on and after January 1, 2010 and eligible Non-union Participants who are rehired on and after January 1,
2010, as well as any Participants who were eligible for the Plan prior to January 1, 2010 who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2010. Such ‘Company Contributions’ shall be in the
amount equal to four percent (4%) of each such Participant’s Compensation for each payroll period.” 

  

	5.	Section 6.1 of the Plan shall be amended by adding the following paragraph at the conclusion of such section: 

“Notwithstanding the provisions of this Section 6.1 to the contrary, and solely with respect to Non-union Participants who elected to
opt-out of the Employer’s defined benefit plan as of January 1, 2010 and/or who are first eligible to participate in the Plan on and after January 1, 2010 and eligible Non-union Participants who are rehired on or after January 1,
2010, as well as any Participants who were eligible for the Plan prior to January 1, 2010 who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2010, any such Participant shall at all times have a
nonforfeitable (vested) right to his Account derived from Employer matching contributions made on or after January 1, 2010 under Section 4.2. In addition, any such Participant shall at all times have a nonforfeitable (vested) right to his
Account derived from Company Contributions under Section 4.2A.” 
  

	6.	Except as hereinabove amended, the provisions of the Plan shall continue in full force and effect. 

 IN
WITNESS THEREOF, the Employer, by its duly authorized officer, has caused this Amendment to be executed on the 23rd day of September, 2009. 

 

			
	UNITIL CORPORATION
		
	By:	 	/s/ Mark H. Collin

  
 2 

 AMENDMENT TO 

UNITIL CORPORATION TAX DEFERRED SAVINGS AND INVESTMENT PLAN 

WHEREAS, Unitil Corporation (the “Employer”) heretofore adopted the Unitil Corporation Tax Deferred Savings and Investment Plan (the
“Plan”); and 
 WHEREAS, the Employer reserved the right to amend the Plan; and 

WHEREAS, the Employer desires to amend the Plan to provide for the following with respect to Local 12012-6 Northern-Portsmouth Employees: (1) an
automatic enrollment feature to the Plan, (2) a managed savings feature to the Plan, (3) a new Company Contribution feature, and (4) a new matching contribution arrangement; 

NOW, THEREFORE, the Plan is hereby amended, effective as of January 1, 2011, as follows: 

 

	1.	Section 4.1 (a) of the Plan shall be amended by adding the following paragraphs at the conclusion of such subsection: 

“Notwithstanding the foregoing, any Local 12012-6 Northern-Portsmouth Employee, who elected to opt-out of the Employer’s defined
benefit plan as of January 1, 2011, and/or upon first becoming eligible to participate in the Plan pursuant to Section 3.1 or upon becoming eligible upon being rehired on or after January 1, 2011, who fails to affirmatively make any
deferral election (including an election to contribute zero percent (0%) of his Compensation to the Plan) within the time prescribed by the Administrator, shall be deemed to have elected to defer three percent (3%) of his Compensation as a
pre-tax contribution (‘deemed elective deferral’). The Administrator shall provide to each such Employee a notice of his right to receive the amount of the deemed elective deferral in cash and his right to increase or decrease his rate of
elective deferrals. 
 Participants who are Local 12012-6 Northern-Portsmouth Employees who elected to opt-out of the Employer’s defined
benefit plan as of January 1, 2011, and/or who are first eligible to participate in the Plan, or are rehired, on or after January 1, 20 11, shall be enrolled in the Plan’s ‘Managed Savings’ feature unless they elect to opt
out of such feature. Such Participants, as of January 1st of each Plan year, shall have their rate of elective deferral contributions automatically increased by one percent (1 %). Such rate
of elective deferral contributions shall be further increased by an additional one percent (1%) per year as of each subsequent January 1st. Notwithstanding the above, a Participant shall not
have his rate of elective deferral contributions automatically increased beyond ten percent (10%). A Participant’s election to participate in the ‘Managed Savings’ feature shall remain in place until the Participant revokes such
election.” 
  

	2.	Section 4.2 of the Plan shall be amended by adding the following paragraph as the new fourth paragraph of such section: 

“Notwithstanding the provisions of this Section 4.2 to the contrary, and solely with respect to Local 12012-6 Northern-Portsmouth
Employees who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2011, and/or are first eligible to participate in the Plan and eligible Local 12012-6 Northern-Portsmouth Employees who are rehired on or after
January 1, 2011, as well as any Participants who are Local 12012-6 Northern-Portsmouth Employees who were eligible for the Plan prior to January 1, 2011 and who elected to opt-out of the Employer’s defined

  
 1 

 
benefit plan as of January 1, 201 1, in lieu of receiving Employer matching contributions pursuant to the previous provisions of this section, the Employer will contribute to the Plan on
behalf of each such Participant for each payroll period a matching contribution in an amount equal to 100% of the elective deferrals (within in the meaning of Section 4.1) and/or after-tax contributions (under Section 4.5) made by such
Participant; provided, however, that the amount of such Employer Matching Contribution for any such Participant in a Plan Year shall not exceed six percent (6%) of the Participant’s Compensation for that payroll period. Those Participants
who elect to continue participating in the Employer’s defined benefit plan will not be eligible for this increased matching contribution and shall continue to receive discretionary matching contributions in accordance with the previous
provisions of this section.” 
  

	3.	Section 4.2A shall be amended by adding the following paragraph to the end thereof: 

“Effective on and after January 1, 2011, each payroll period the Employer shall make a ‘Company Contribution’ on behalf of
Participants who are Local 12012-6 Northern-Portsmouth Employees who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2011, and/or are first eligible to participate in the Plan on and after January 1, 2011
and eligible Participants who are Local 12012-6 Northern-Portsmouth Employees rehired on and after January 1, 2011 as well as any Participants who are Local 12012-6 Northern-Portsmouth Employees who were eligible for the Plan prior to
January 1, 2011 who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2011. Such ‘Company Contributions’ shall be in the amount equal to four percent (4%) of each such Participant’s
Compensation for each payroll period.” 
  

	4.	Section 6.1 of the Plan shall be amended by adding the following paragraph at the conclusion of such section: 

“Notwithstanding the provisions of this Section 6.1 to the contrary, and solely with respect to Local 12012-6 Northern-Portsmouth
Employees who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2011, and/or are first eligible to participate in the Plan on and after January 1, 2011 and eligible Local 12012-6 Northern-Portsmouth Employees
who are rehired on or after January 1, 2011, as well as any Participants who are Local 12012-6 Northern-Portsmouth Employees who were eligible for the Plan prior to January 1, 2011 and who elected to opt-out of the Employer’s defined
benefit plan as of January 1, 2011, any such Participant shall at all times have a nonforfeitable (vested) right to his Account derived from Employer matching contributions made on or after January 1, 2011 under Section 4.2. In
addition, any such Participant shall at all times have a nonforfeitable (vested) right to his Account derived from Company Contributions under Section 4.2A.” 
  

	5.	Except as hereinabove amended, the provisions of the Plan shall continue in full force and effect. 

 IN
WITNESS THEREOF, the Employer, by its duly authorized officer, has caused this Amendment to be executed on the 22nd day of September, 2010. 

 

			
	UNITIL CORPORATION
		
	By:	 	/s/ Mark H. Collin

  
 2 

 AMENDMENT FOR 

HEROES EARNINGS ASSISTANCE AND RELIEF TAX ACT OF 2008 (“HEART ACT”) AND 

2009 SUSPENSION OF REQUIRED MINIMUM DISTRIBUTIONS 

UNITIL CORPORATION TAX DEFERRED SAVINGS AND INVESTMENT PLAN 

WHEREAS, Unitil Corporation (the “Employer”) heretofore adopted the Unitil Corporation Tax Deferred Savings and Investment Plan (the
“Plan”); and 
 WHEREAS, the Employer reserved the right to amend the Plan; and 

WHEREAS, the Employer desires to amend the Plan to comply with the Heroes Earnings Assistance and Relief Tax Act of 2008 (“HEART Act”), to
reflect administration of 2009 required minimum distributions, and for other administrative changes; and 
 WHEREAS, this amendment shall replace and
supersede any prior amendment to the Plan for the HEART Act; 
 NOW, THEREFORE, the Plan is hereby amended, effective as of the dates set forth
below, as follows, with such amendment intended to constitute good faith compliance with the above-referenced law changes: 
  

	1.	Effective as of the first day of the Plan Year beginning in 2010, Section 7.2 of the Plan shall be amended by replacing the second paragraph thereof with the following: 

“Notwithstanding the foregoing, a Participant’s Account may be frozen to prevent the Participant from taking any withdrawals, loans
and/or distributions from his Account in accordance with the Plan’s qualified domestic relations order procedures.” 
  

	2.	Effective January 1, 2009, Section 7.4 of the Plan shall be amended by adding the following new subsection (f) at the end thereof: 

 

	 	“(f)	Special Rules for Required Minimum Distributions During 2009 

 For purposes of this subsection,
a ‘2009 RMD’ is the required minimum distribution a Participant or Beneficiary, as applicable, is required to receive for 2009 without regard to Code Section 40l(a)(9)(H). 

A Participant or Beneficiary whose initial required minimum distribution is a 2009 RMD will not receive distribution of his 2009 RMD unless he
elects otherwise in accordance with procedures established by the Administrator. 
 A Participant or Beneficiary whose 2009 RMD is not his
initial required minimum distribution will receive his 2009 RMD unless he elects to suspend his 2009 RMD in accordance with procedures established by the Administrator. 

A direct rollover will be offered only for distributions that would be eligible rollover distributions without regard to Code
Section 40l(a)(9)(H). 

  
 1 

 The provisions of this subsection (f) shall be interpreted in accordance with Code
Section 40l(a)(9)(H) and regulatory guidance issued thereunder.” 
  

	3.	Section 8.6 of the Plan shall be amended by replacing it with the following: 

  

	 	“8.6	HEART ACT PROVISIONS. 

  

	 	(a)	Death benefits. In the case of a Participant’s death occurring on or after January 1, 2007, if a Participant dies while performing qualified military service (as defined in Code
Section 414(u)), the Beneficiary(ies) (or surviving spouse, if the qualified joint and survivor annuity or qualified pre-retirement survivor annuity rules apply) of the Participant shall be entitled to any additional benefits (other than
benefit accruals relating to the period of qualified military service) provided under the Plan as if the Participant had resumed employment and then terminated employment on account of death. In addition, vesting service credit for the deceased
Participant’s period of qualified military service shall be credited to the extent required by Code Section 401(a)(37) . 

  

	 	(b)	Differential wage payments. For years beginning after December 3 1, 2008, (i) a Participant receiving a differential wage payment, as defined by Code Section 3401(h)(2), shall be treated as
an Employee of the Employer making the payment, (ii) the differential wage payment shall be treated as Compensation, and (iii) the Plan shall not be treated as failing to meet the requirements of any provision described in Code
Section 414(u)(1)(C) by reason of any contribution or benefit which is based on the differential wage payment. 

  

	 	(c)	Severance from employment. For years beginning after December 31, 2008 and for purposes of Code Section 40l(k)(2)(B)(i)(I), an individual shall be treated as having severed from employment during
any period the individual is performing service in the uniformed services described in Code Section 3401 (h)(2)(A). 

 If
a Participant elects to receive a distribution by reason of such severance from employment, the Participant may not make an elective deferral or employee contribution during the six (6)-month period beginning on the date of such distribution. 

Effective as of the dates specified above, the provisions of this Section 8.6 shall be interpreted consistent with, and governed by, the
Heroes Earnings Assistance and Relief Tax Act of 2008 (‘HEART Act’) and regulatory guidance issued thereunder.” 
  

	4.	Section 11.1 (b)(2) is hereby amended by adding the following to the end thereof: 

“For years beginning after December 31, 2008, Compensation shall also include differential wage payments as defined by Code
Section 340l(h)(2).” 
  

	5.	Except as hereinabove amended, the provisions of the Plan shall continue in full force and effect. 

  

IN WITNESS WHEREOF, the Employer, by its duly authorized officer, has caused this Amendment to be executed on the 22 day of September, 2010. 

 

			
	UNITIL CORPORATION
		
	By:	 	/s/ Mark H. Collin

  
 2 

 AMENDMENT TO 

UNITIL CORPORATION TAX DEFERRED SAVINGS AND INVESTMENT PLAN 

WHEREAS, Unitil Corporation (the “Employer”) heretofore adopted the Unitil Corporation Tax Deferred Savings and Investment Plan (the
“Plan”); and 
 WHEREAS, the Employer reserved the right to amend the Plan; and 

WHEREAS, the Employer desires to amend the Plan to change the eligibility requirements for Local 12012-6 Northern-Portsmouth employees; 

NOW, THEREFORE, the Plan is hereby amended, effective as of January 1, 2011, as follows: 

 

	1.	Section 3.1 of the Plan shall be amended by deleting the third paragraph thereof in its entirety and replacing it with the following: 

“Notwithstanding the provisions of this Section 3.1 to the contrary, (a) a Local 341 Granite State Employee, a Local 341
Northern-Portland Employee, and a Local 12012-6 Northern-Portsmouth Employee hired on or after January 1, 2011 shall become a Participant under the Plan effective as of the first day of the month, or as soon as administratively possible
thereafter, following such Employee’s completion of one (1) Year of Service, and (b) a Local 12012-6 Northern-Portsmouth Employee hired before January 1, 2011 shall become a Participant under the Plan effective as of the first
day of the month, or as soon as administratively possible thereafter, following such Employee’s completion of sixty (60) consecutive days of employment as an Employee.” 

 

	2.	Except as hereinabove amended, the provisions of the Plan shall continue in full force and effect. 

 IN
WITNESS WHEREOF, the Employer, by its duly authorized officer, has caused this Amendment to be executed on the 23rd day of December, 2010. 

 

			
	UNITIL CORPORATION
		
	By:	 	/s/ Mark H. Collin

  
 1 

 shall be eligible to participate in the Employer’s defined benefit plan in accordance with
the provisions thereof.” 
  

	3.	Section 4.2A shall be amended by adding the following paragraphs to the end thereof: 

‘‘Notwithstanding anything in the foregoing to the contrary, effective on and after January 1, 2011, each payroll period, the
Employer shall make a ‘Company Contribution’ on behalf of Participants who had not previously been provided with the opportunity to make an election to opt-out of the Employer’s defined benefit plan, but who, within sixty days of
their change in employment status from non-union to union or transfer of employment to a location of the Employer which has previously been provided the opportunity to make such an opt-out election, make such an election to opt-out of the
Employer’s defined benefit plan. Such “Company Contribution” shall be in an amount equal to four percent (4%) of each such Participant’s Compensation for each payroll period. 

Furthermore, notwithstanding anything in the foregoing provisions of this Section 4.2A to the contrary, effective January 1, 2011,
any Employee who changes his employment status from non-union to union or transfers from a location of the Employer where he elected to opt-out of the Employer’s defined benefit plan (“DB Opt-Out”) to a status/location of the Employer
that has not permitted the DB Opt-Out: (a) shall no longer be eligible to receive “Company Contributions”, and (b) shall be eligible to participate in the Employer’s defined benefit plan in accordance with the provisions
thereof.” 
  

	4.	Section 6.1 of the Plan shall be amended by adding the following paragraph to the end thereof: 

‘‘Notwithstanding the provisions of this Section 6.1 to the contrary, and solely with respect to an Employee who changes his
employment status from non-union to union or transfers from a location of the Employer where he elected to opt-out of the Employer’ s defined benefit plan to receive the increased Employer matching contribution provisions set forth in
Section 4.2 and Company Contributions set forth in Section 4.2A (“DB Opt-Out”) to a status/location of the Employer that has not permitted the DB Opt-Out, any such Participant shall at all times have a nonforfeitable (vested)
right to his Account derived from Employer matching contributions made on or after his date of status/location change under Section 4.2. In addition, any such Participant shall at all times have a nonforfeitable (vested) right to his Account
derived from Company Contributions under Section 4.2A.” 
  

	5.	Except as hereinabove amended, the provisions of the Plan shall continue in full force and effect. 

 IN
WITNESS THEREOF, the Employer, by its duly authorized officer, has caused this Amendment to be executed on the 15th day of December, 2011. 

 

			
	UNITIL CORPORATION
		
	By:	 	/s/ Mark H. Collin

  
 2 

 AMENDMENT TO 

UNITIL CORPORATION TAX DEFERRED SAVINGS AND INVESTMENT PLAN 

WHEREAS, Unitil Corporation (the “Employer”) heretofore adopted the Unitil Corporation Tax Deferred Savings and Investment Plan (the
“Plan”); and 
 WHEREAS, the Employer reserved the right to amend the Plan; and 

WHEREAS, the Employer desires to amend the Plan pursuant to new collective bargaining agreements; 

NOW, THEREFORE, the Plan is hereby amended, effective as of April 1, 2012 except as otherwise provided below, as follows: 

 

	1.	Section 4.1 (a) of the Plan is hereby amended by replacing it in its entirety with the following: 

  

	 	“(a)	Elections. A Participant may elect to defer a portion of his Compensation for a Plan Year on a pre-tax basis. The amount of a Participant’s Compensation contributed in accordance with the
Participant’s election shall be withheld by the Employer from the Participant’s Compensation on a ratable basis throughout the Plan Year. The amount deferred on behalf of each Participant shall be contributed by the Employer to the Plan
and allocated to the portion of the Participant’s Account consisting of pre-tax contributions. 

 Each Participant may
elect to contribute in the aggregate from one percent (1%) to eighty-five percent (85%) of such Participant’s Compensation as a pre-tax contribution. 

Notwithstanding the provisions of this Section 4.1 (a) to the contrary and solely with respect to Participants covered by a
collective bargaining agreement, such Participants may elect to defer a portion of their Compensation for a Plan Year in accordance with Appendix A, attached hereto. 

Notwithstanding the foregoing, any Employee not included in a unit of Employees covered by a collective bargaining agreement between the
Employer and Employee representatives (‘Non-union Participant’), who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2010, and/or upon first becoming eligible to participate in the Plan pursuant to
Section 3.1 or upon becoming eligible upon being rehired on or after January 1, 2010, who fails to affirmatively make any deferral election (including an election to contribute zero percent (0%) of his Compensation to the Plan) within the
time prescribed by the Administrator, shall be deemed to have elected to defer three percent (3%) of his Compensation as a pre-tax contribution (‘deemed elective deferral’). The Administrator shall provide to each such Employee a
notice of his right to receive the amount of the deemed elective deferral in cash and his right to increase or decrease his rate of elective deferrals. 

Non-union Participants who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2010 and/or who are first
eligible to participate in the Plan, and eligible Non-union Participants who are rehired, on or after January 1, 2010, shall be enrolled in 

  
 1 

 the Plan’s “Managed Savings” feature unless they elect to opt out of such
feature. Such Non-union Participants, as of January 1st of each Plan year, shall have their rate of elective deferral contributions automatically increased by one percent (1 %). Such rate of elective deferral contributions shall be further
increased by an additional one percent (1%) per year as of each subsequent January 1st. Notwithstanding the above, a Participant shall not have his rate of elective deferral contributions automatically increased beyond ten percent (10%).
All other Participants in the Plan may elect to participate in the ‘Managed Savings’ feature of the Plan described in this paragraph by making an election pursuant to procedures established by the Administrator. A Participant’s
election to participate in the ‘Managed Savings’ feature shall remain in place until the Participant revokes such election.” ‘ 
  

	2.	Section 4.2 of the Plan is hereby amended by replacing it in its entirety with the following: 

  

	 	“4.2	EMPLOYER CONTRIBUTIONS 

 Employer Matching Contributions. For each payroll
period, the Employer may contribute to the Plan, on behalf of each Participant, a discretionary matching contribution equal to a percentage (as determined by the Employer’s board of directors) of the elective deferrals (within the meaning of
Section 4.1) and/or after-tax contributions (under Section 4.5) made by each such Participant; provided, however, that the amount of such Employer matching contribution for any Participant in a Plan Year shall not exceed three percent
(3%) of the Participant’s Compensation for the period during which elective deferrals and/or after-tax contributions are made by the Participant. 

Notwithstanding the provisions of this Section 4.2 to the contrary and solely with respect to Participants covered by a collective
bargaining agreement, such Employer matching contributions shall be made in accordance with Appendix B, attached hereto. 
 Notwithstanding
the provisions of this Section 4.2 to the contrary, and solely with respect to Non-union Participants who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2010 and/or are first eligible to participate in the
Plan and eligible Non-union Participants who are rehired on or after January 1, 2010, in lieu of receiving Employer matching contributions pursuant to the previous provisions of this section, the Employer will contribute to the Plan on behalf
of each such Participant for each payroll period a matching contribution in an amount equal to 100% of the elective deferrals (within in the meaning of Section 4.1) and/or after-tax contributions (under Section 4.5) made by such
Participant; provided, however, that the amount of such Employer Matching Contribution for any such Participant in a Plan Year shall not exceed six percent (6%) of the Participant’s Compensation for that payroll period. Those Participants
who elect to continue participating in the Employer’s defined benefit plan will not be eligible for this increased matching contribution and shall continue to receive discretionary matching contributions in accordance with the previous
provisions of this section. 

  
 2 

 The Employer’s board of directors may also determine to suspend or reduce its contributions
under this Section for any Plan Year or any portion thereof. Allocations under this Section shall be subject to the special rules of Section 13.3 in any Plan Year in which the Plan is a Top-Heavy Plan (as defined in Section 13.2(b)). 

Notwithstanding anything in the foregoing provisions of this Section 4.2 to the contrary, effective December 1, 2011, an Employee
who transfers from a location and/or division of the Employer that has not permitted Employees to opt-out of the Employer’s defined benefit plan (“DB Opt-Out”) to a location and/or division of the Employer which has permitted the DB
Opt-Out, within forty-five days of the effective date of his transfer to such location, shall be provided with the opportunity to elect to either: (i) continue to participate in the Employer’s defined benefit plan, or (ii) elect to
cease participating in the Employer’s defined benefit plan by opting out of such plan and, in lieu of receiving Employer matching contributions pursuant to the previous provisions of this section, the Employer will contribute to the Plan on
behalf of each such Participant, for each payroll period, a matching contribution in an amount equal to one hundred percent (100%) of the elective deferrals (within in the meaning of Section 4.1) and/or after-tax contributions (under
Section 4.5) made by such Participant; provided, however, that the amount of such Employer Matching Contribution for any such Participant in a Plan Year shall not exceed six percent (6%) of the Participant’s Compensation for that
payroll period. Those Participants who elect to continue participating in the Employer’s defined benefit plan will not be eligible to receive the increased matching contribution and shall continue to receive discretionary matching contributions
in accordance with the previous provisions of this Section. 
 Furthermore, notwithstanding anything in the foregoing provisions of this
Section 4.2 to the contrary, effective December 1, 2011, any Employee who transfers from a location and/or division of the Employer where he elected to opt-out of the Employer’s defined benefit plan to receive the increased Employer
matching contribution previously set forth (“DB Opt-Out”) to a location and/or division of the Employer that has not permitted the DB Opt-Out: (a) shall no longer be eligible to receive the increased matching contribution set forth
above, (b) shall be eligible to receive an Employer matching contribution in accordance with the first and second paragraphs of this Section, and (c) shall be eligible to participate in the Employer’s defined benefit plan in
accordance with the provisions thereof.” 
  

	3.	Section 4.2A of the Plan is hereby amended by replacing it in its entirety with the following: 

  

	 	“4.2A	COMPANY CONTRIBUTION. Effective on and after January 1, 2010, each payroll period the Employer shall make a ‘Company Contribution’ on behalf of Non-union Participants who elected to opt-out of the
Employer’s defined benefit plan as of January 1, 2010 and/or are first eligible to participate in the Plan on and after January 1, 2010 and eligible Non-union Participants who are rehired on and after January 1, 2010 as well as
any Participants who were eligible for the Plan prior to January 1, 2010 who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2010. Such ‘Company Contributions’ shall be in the amount equal
to four percent (4%) of each such Participant’s Compensation for each payroll period. 

  
 3 

 Notwithstanding anything in the foregoing to the contrary, effective on and after
December 1, 2011, each payroll period, the Employer shall make a “Company Contribution” on behalf of Participants who had not previously been provided with the opportunity to make an election to opt-out of the Employer’s defined
benefit plan, but who, within forty-five (45) days of their transfer of employment to a location/division of the Employer which has previously been provided the opportunity to make such an opt-out election, make such an election to opt-out of
the Employer’s defined benefit plan. Such “Company Contribution” shall be in an amount equal to four percent (4%) of each such Participant’s Compensation for each payroll period. 

Furthermore, notwithstanding anything in the foregoing provisions of this Section 4.2A to the contrary, effective December 1, 2011,
any Employee who transfers from a location and/or division of the Employer where he elected to opt-out of the Employer’s defined benefit plan (“DB Opt-Out”) to a location and/or division of the Employer that has not permitted the DB
Opt-Out: (a) shall no longer be eligible to receive “Company Contributions”, and (b) shall be eligible to participate in the Employer’s defined benefit plan in accordance with the provisions thereof. 

Notwithstanding the provisions of this Section 4.2A to the contrary and solely with respect to Participants covered by a collective
bargaining agreement, such “Company Contributions” shall be made in accordance with Appendix C, attached hereto.” 
  

	4.	Effective as of January 1, 2011, Section 6.1 of the Plan shall be amended by adding the words “Company Contributions under Section 4.2A,” immediately after the words “Employer matching
contributions under Section 4.2,” in the second paragraph of such section and by adding the following paragraph at the conclusion such section: 

“Notwithstanding the provisions of this Section 6.1 to the contrary, and solely with respect to Local 1837 Employees (as defined in
Appendices A, B and C, attached hereto) who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2013, and/or are first eligible to participate in the Plan on and after June 1, 2012 and eligible Local 183 7
Employees who are rehired on or after June 1, 2012, as well as any Participants who are Local 1837 Employees who were eligible for the Plan prior to June 1, 2012 and who elected to opt-out of the Employer’s defined benefit plan as of
January 1, 2013, any such Participant shall at all times have a nonforfeitable (vested) right to his Account derived from Employer matching contributions made on or after January 1, 2013 under Section 4.2. In addition, any such
Participant shall at all times have a nonforfeitable (vested) right to his Account derived from Company Contributions under Section 4.2A.” 
  

	5.	The Plan is hereby amended to add to the end thereof Appendices A, B, and C to the Plan, as follows: 

  
 4 

 “APPENDIX A 

Notwithstanding the provisions of Section 4.1(a) to the contrary and solely with respect to the unions named below, such Participants may elect to defer
a portion of their Compensation for a Plan Year in accordance with the following: 
  

	I.	Utility Workers Union of America, AFL-CIO, Local Union No. B340, The Brotherhood of Utility Workers Council (“Local B340”), June 1, 2005 through May 31, 2010. (This Agreement has been extended
by a Memorandum of Understanding through May 31, 2013.) 

 Each Local B340 Participant may elect to contribute in the
aggregate from one percent (1 %) to eighty-five percent (85%) of such Participant’s Compensation as a pre-tax contribution. 
  

	II.	Local Union No. 1837, International Brotherhood of Electrical Workers (“Local 1837”), June 1, 2012 through May 31, 2018. These provisions are effective June 1, 2012.

 Each Local 1837 Participant may elect to contribute in the aggregate from one percent (1 %) to eighty-five percent
(85%) of such Participant’s Compensation as a pre-tax contribution. 
 Any Local 1837 Employee, who elected to opt-out of the
Employer’s defined benefit plan as of January 1, 2013, and/or upon first becoming eligible to participate in the Plan pursuant to Section 3.1 or upon becoming eligible upon being rehired on or after June 1, 2012, who fails
to affirmatively make any deferral election (including an election to contribute zero percent (0%) of his Compensation to the Plan) within the time prescribed by the Administrator, shall be deemed to have elected to defer three percent (3%) of
his Compensation as a pre-tax contribution (‘deemed elective deferral’). The Administrator shall provide to each such Employee a notice of his right to receive the amount of the deemed elective deferral in cash and his right to increase or
decrease his rate of elective deferrals. 
 Participants who are Local 1837 Employees who elected to opt-out of the Employer’s defined
benefit plan as of January 1, 2013, and/or who are first eligible to participate in the Plan, or are rehired, on or after June 1, 2012, shall be enrolled in the Plan’s ‘Managed Savings’ feature unless they elect to opt out
of such feature. Such Participants, as of 1st January of each Plan year, shall have their rate of elective deferral contributions automatically increased by one percent (1 %). Such rate of
elective deferral contributions shall be further increased by an additional one percent (1 %) per year as of each subsequent January 1st. Notwithstanding the above, a Participant shall not have his rate of elective deferral contributions
automatically increased beyond ten percent (10%). A Participant’s election to participate in the ‘Managed Savings’ feature shall remain in place until the Participant revokes such election. 

 

	III.	United Steel Workers of America, AFL-CIO, Local No. 12012-6 (“Local 12012-6”), June 6, 2010 through June 5, 2014. (These are Northern-Portsmouth employees.) 

  
 5 

 Each Local 12012-6 Participant may elect to contribute in the aggregate from one percent (1%) to
eighty-five percent (85%) of such Participant’s Compensation as a pre-tax contribution. 
 Notwithstanding the foregoing, any Local
12012-6 Participant who did not elect to opt out of the Employer’s defined benefit plan as of January 1, 2011, may elect to contribute from one percent (1%) to seventy-five percent (75%) of his Compensation. 

Any Local 12012-6 Employee, who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2011, and/or upon first
becoming eligible to participate in the Plan pursuant to Section 3.1 or upon becoming eligible upon being rehired on or after January 1, 2011, who fails to affirmatively make any deferral election (including an election to contribute zero
percent (0%) of his Compensation to the Plan) within the time prescribed by the Administrator, shall be deemed to have elected to defer three percent (3%) of his Compensation as a pre-tax contribution (‘deemed elective deferral’). The
Administrator shall provide to each such Employee a notice of his right to receive the amount of the deemed elective deferral in cash and his right to increase or decrease his rate of elective deferrals. 

Participants who are Local 12012-6 Employees who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2011,
and/or who are first eligible to participate in the Plan, or are rehired, on or after January 1, 2011, shall be enrolled in the Plan’s ‘Managed Savings’ feature unless they elect to opt out of such feature. Such Participants, as
of January 1st of each Plan year, shall have their rate of elective deferral contributions automatically increased by one percent (1%). Such rate of elective deferral contributions shall be
further increased by an additional one percent (1%) per year as of each subsequent January 151 Notwithstanding the above, a Participant shall not have his rate of elective deferral contributions automatically increased beyond ten percent (10%).
A Participant’s election to participate in the ‘Managed Savings’ feature shall remain in place until the Participant revokes such election. 
  

	IV.	Utility Workers Union of America, Local No. 341 (“Local 341”), April 1, 2012 through March 31, 2017. (This contract covers both Northern Utilities, Inc. and Granite State Gas
Transmission, Inc.) 

 Each Local 341 Participant may elect to contribute in the aggregate from one percent 

(1%) to eighty-five percent (85%) of such Participant’s Compensation as a pre-tax contribution. 

Notwithstanding the foregoing, any Local 341 Participant who did not elect to opt out of the Employer’s defined benefit plan as of
January 1, 2013, may elect to contribute from one percent (1%) to seventy-five percent (7 5%) of his Compensation. 

  
 6 

 Any Local 341 Employee, who elected to opt-out of the Employer’s defined benefit plan as of
January 1, 2013, and/or upon first becoming eligible to participate in the Plan pursuant to Section 3.1 or upon becoming eligible upon being rehired on or after April 1, 2012, who fails to affirmatively make any deferral election
(including an election to contribute zero percent (0%) of his Compensation to the Plan) within the time prescribed by the Administrator, shall be deemed to have elected to defer three percent (3%) of his Compensation as a pre-tax contribution
(‘deemed elective deferral’). The Administrator shall provide to each such Employee a notice of his right to receive the amount of the deemed elective deferral in cash and his right to increase or decrease his rate of elective deferrals.

 Participants who are Local 341 Employees who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2013,
and/or who are first eligible to participate in the Plan, or are rehired, on or after April 1, 2012, shall be enrolled in the Plan’s ‘Managed Savings’ feature unless they elect to opt out of such feature. Such Participants, as of
January 1st of each Plan year, shall have their rate of elective deferral contributions automatically increased by one percent (1%). Such rate of elective deferral contributions shall be further
increased by an additional one percent (1%) per year as of each subsequent January 1st. Notwithstanding the above, Participant shall not have his rate of elective deferral contributions
automatically increased beyond ten percent (10%). A Participant’s election to participate in the ‘Managed Savings’ feature shall remain in place until the Participant revokes such election. 

  
 7 

 APPENDIXB 

Notwithstanding the provisions of Section 4.2 to the contrary and solely with respect to the unions named below, Employer matching contributions shall be
calculated as follows: 
  

	I.	Utility Workers Union of America, AFL-CIO, Local Union No. B340, The Brotherhood of Utility Workers Council (“Local B340”), June 1, 2005 through May 31, 2010. (This Agreement has been
extended by a Memorandum of Understanding through May 31, 2013.) 

 Employer Matching Contribution for all Local B340
Participants - For each payroll period, the Employer shall contribute to the Plan, on behalf of each Participant, a discretionary matching contribution equal to a percentage (as determined by the Employer’s board of directors) of the
elective deferrals (within the meaning of Section 4.1) and/or after-tax contributions (under Section 4.5) made by each such Participant; provided, however, that the amount of such Employer matching contribution for any Participant in a
Plan Year shall not exceed three percent (3%) of the Participant’s Compensation for the period during which elective deferrals and/or after-tax contributions are made by the Participant. 

 

	II.	Local Union No. 1837, International Brotherhood of Electrical Workers (“Local 1837’’), June 1, 2012 through May 31, 2018. These provisions are effective June 1, 2012.

 Employer Matching Contribution for Local 1837 Participants - For each payroll period the Employer shall contribute to
the Plan, on behalf of each such Participant who has completed a Year of Service, a matching contribution in an amount equal to 100% of the pre-tax elective deferrals made by such Participant during the payroll period which do not exceed 3% of
Compensation of such Participant. Employer matching contributions shall commence with the payroll after the first day of the month following such Participant’s completion of one Year of Service. 

Notwithstanding the foregoing, and solely with respect to Local 1837 Employees who elected to opt-out of the Employer’s defined benefit
plan as of January 1, 2013, and/or are first eligible to participate in the Plan and eligible Local 1837 Employees who are rehired on or after June 1, 2012, as well as any Participants who are Local 1837 Employees who were eligible for the
Plan prior to January 1, 2013 and who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2013, in lieu of receiving Employer matching contributions pursuant to the previous provisions of this section,
the Employer will contribute to the Plan on behalf of each such Participant for each payroll period a matching contribution in an amount equal to 100% of the elective deferrals (within in the meaning of Section 4.1) and/or after-tax
contributions (under Section 4.5) made by such Participant; provided, however, that the amount of such Employer Matching Contribution for any such Participant in a Plan Year shall not exceed six percent (6%) of the Participant’s
Compensation for that payroll period. Those Participants who elect to continue participating in the Employer’s defined benefit plan will not be eligible for this increased matching contribution and shall continue to receive discretionary
matching contributions in accordance with the previous provisions of this section. 

  
 8 

	III.	United Steel Workers of America, AFL-CIO, Local No. 12012-6 (“Local 12012-6”), June 6, 2010 through June 5, 2014. (These are Northern-Portsmouth employees.) 

Employer Matching Contribution for Local 12012-6 Participants - For each payroll period the Employer shall contribute to the Plan, on
behalf of each such Participant who has completed a Year of Service, a matching contribution in an amount equal to 50% of the pre-tax elective deferrals made by such Participant during the payroll period which do not exceed 5% of Compensation of
such Participant. Employer matching contributions shall commence with the payroll after the first day of the month following such Participant’s completion of one Year of Service. 

Notwithstanding the foregoing, and solely with respect to Local 12012-6 Employees who elected to opt-out of the Employer’s defined benefit
plan as of January 1, 2011, and/or are first eligible to participate in the Plan and eligible Local 12012-6 Employees who are rehired on or after January 1, 2011, as well as any Participants who are Local 12012-6 Employees who were
eligible for the Plan prior to January 1, 2011 and who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2011, in lieu of receiving Employer matching contributions pursuant to the previous provisions of this
section, the Employer will contribute to the Plan on behalf of each such Participant for each payroll period a matching contribution in an amount equal to 100% of the elective deferrals (within in the meaning of Section 4.1) and/or after-tax
contributions (under Section 4.5) made by such Participant; provided, however, that the amount of such Employer Matching Contribution for any such Participant in a Plan Year shall not exceed six percent (6%) of the Participant’s
Compensation for that payroll period. Those Participants who elect to continue participating in the Employer’s defined benefit plan will not be eligible for this increased matching contribution and shall continue to receive discretionary
matching contributions in accordance with the previous provisions of this section. 
  

	IV.	Utility Workers Union of America, Local No. 341 (“Local 341”), April 1, 2012 through March 31, 2017. (This contract covers both Northern Utilities, Inc. and Granite State Gas
Transmission, Inc.) 

 Employer Matching Contribution for Local 341 Participants - For each payroll period the Employer
shall contribute to the Plan, on behalf of each such Participant who has completed a Year of Service, a matching contribution in an amount equal to 100% of the pre-tax elective deferrals made by such Participant during the payroll period which do
not exceed 3% of Compensation of such Participant. Employer matching contributions shall commence with the payroll after the first day of the month following such Participant’s completion of one Year of Service. 

  
 9 

 Notwithstanding the foregoing, and solely with respect to Local 341 Employees who elected to
opt-out of the Employer’s defined benefit plan as of January 1, 2013, and/or are first eligible to participate in the Plan and eligible Local 341 Employees who are rehired on or after April 1, 2012, as well as any Participants who are
Local 341 Employees who were eligible for the Plan prior to January 1, 2013 and who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2013, in lieu of receiving Employer matching contributions pursuant to the
previous provisions of this section, the Employer will contribute to the Plan on behalf of each such Participant for each payroll period a matching contribution in an amount equal to 100% of the elective deferrals (within in the meaning of
Section 4.1) and/or after-tax contributions (under Section 4.5) made by such Participant; provided, however, that the amount of such Employer Matching Contribution for any such Participant in a Plan Year shall not exceed six percent
(6%) of the Participant’s Compensation for that payroll period. Those Participants who elect to continue participating in the Employer’s defined benefit plan will not be eligible for this increased matching contribution and shall
continue to receive discretionary matching contributions in accordance with the previous provisions of this section. 

  
 10 

 APPENDIX C 

Notwithstanding the provisions of Section 4.2A to the contrary and solely with respect to the unions named below, Company contributions shall be
calculated as follows: 
  

	I.	Utility Workers Union of America, AFL-CIO, Local Union No. B340, The Brotherhood of Utility Workers Council (“Local B340”), June 1, 2005 through May 31, 201 0. (This Agreement has been
extended by a Memorandum of Understanding through May 31, 2013.) 

 Not eligible for “Company Contributions”
under Section 4.2A. 
  

	II.	Local Union No. 1837, International Brotherhood of Electrical Workers (“Local 1837”), June I, 2012 through May 31, 2018. These provisions are effective June 1, 2012.

 Effective on and after June 1, 2012, each payroll period the Employer shall make a ‘Company Contribution’ on
behalf of Participants who are Local 1837 Employees who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2013, and/or are first eligible to participate in the Plan on and after June 1, 2012 and eligible
Participants who are Local 1837 Employees rehired on and after June 1, 2012 as well as any Participants who are Local 1837 Employees who were eligible for the Plan prior to January 1, 2013 who elected to opt-out of the Employer’s
defined benefit plan as of January 1, 2013. Such ‘Company Contributions’ shall be in the amount equal to four percent (4%) of each such Participant’s Compensation for each payroll period. 

 

	III.	United Steel Workers of America, AFL-CIO, Local No. 12012-6 (“Local 12012-6”), June 6, 2010 through June 5, 2014. (These are Northern-Portsmouth employees.) 

Effective on and after January 1, 2011 , each payroll period the Employer shall make a ‘Company Contribution’ on behalf of
Participants who are Local 12012-6 Employees who elected to opt-out of the Employer’s defined benefit plan as of January 1, 201 1, and/or are first eligible to participate in the Plan on and after January 1, 2011 and eligible
Participants who are Local 12012-6 Employees rehired on and after January 1, 201 1 as well as any Participants who are Local 12012-6 Employees who were eligible for the Plan prior to January 1, 2011 who elected to opt-out of the
Employer’s defined benefit plan as of January 1, 2011. Such ‘Company Contributions’ shall be in the amount equal to four percent (4%) of each such Participant’s Compensation for each payroll period. 

  
 11 

	IV.	Utility Workers Union of America, Local No. 341 (“Local 341”), April I, 2012 through March 31, 2017. (This contract covers both Northern Utilities, Inc. and Granite State Gas
Transmission, Inc.) Effective on and after April 1, 2012, each payroll period the Employer shall make a ‘Company Contribution’ on behalf of Participants who are Local 341 Employees who elected to opt-out of the Employer’s defined
benefit plan as of January 1, 2013, and/or are first eligible to participate in the Plan on and after April 1, 2012 and eligible Participants who are Local 341 Employees rehired on and after April l , 2012 as well as any Participants who
are Local 341 Employees who were eligible for the Plan prior to January 1, 2013 who elected to opt-out of the Employer’s defined benefit plan as of January 1, 2013. Such ‘Company Contributions’ shall be in the amount equal
to four percent (4%) of each such Participant’s Compensation for each payroll period.” 

  

	5.	Except as hereinabove amended, the provisions of the Plan shall continue in full force and effect. 

 IN
WITNESS THEREOF, the Employer, by its duly authorized officer, has caused this Amendment to be executed on the 21st day of September, 2012. 

 

			
	UNITIL CORPORATION
		
	 By:
	 	/s/ Mark H. Collin

  
 12 

 AMENDMENT TO 

UNITIL CORPORATION TAX DEFERRED SAVINGS AND INVESTMENT PLAN 

WHEREAS, Unitil Corporation (the Employer”) heretofore adopted the Unitil Corporation Tax Deferred Savings and Investment Plan (the
“Plan”); and 
 WHEREAS, the Employer reserved the right to amend the Plan; and 

WHEREAS, the Employer desires to amend the Plan to exclude certain rehired Employees from participating under the Plan; 

NOW, THEREFORE, the Plan is hereby amended, effective as of January 1, 2012, as follows: 

 

	1.	Section 3.1 of the Plan is hereby amended by deleting the last paragraph thereof in its entirety and replacing it with the following: 

“In no event, however, shall any Employee (or other individual) participate under the Plan while he is: (i) included in a unit of
Employees covered by a collective bargaining agreement between the Employer and the Employee representatives under which retirement benefits were the subject of good faith bargaining, unless the terms of such bargaining agreement expressly provides
for the inclusion in the Plan; (ii) employed as an independent contractor on the payroll records of the Employer (regardless of any subsequent reclassification by the Employer, any governmental agency or court); (iii) employed as a Leased
Employee; (iv) employed as a nonresident alien who receives no earned income (within the meaning of Section 911(d)(2) of the Code) from the Employer which constitutes income from sources within the United States (within the meaning of
Section 861 (a)(3) of the Code); or (v) a rehired Employee who works on temporary assignments during storm restoration and who is eligible to commence benefits or has commenced benefits under the Unitil Corporation Retirement Plan (or
would be eligible under the terms of that plan if that plan was available to him). 
  

	2.	Section 3.2 of the Plan is hereby amended to read as follows: 

 “RE-EMPLOYMENT OF
FORMER PARTICIPANT. A vested Participant (or a nonvested Participant whose prior Service cannot be disregarded) whose participation ceased because of termination of employment with the Employer shall resume participating upon his reemployment as
an eligible Employee; provided, however, that such an individual (if not otherwise a member of an excluded class pursuant to Section 3.1 of the Plan) shall be entitled to commence elective deferrals (within the meaning of Section 4.1) as
soon as administratively possible following his return to participation in the Plan.” 
  

	3.	Except as hereinabove amended, the provisions of the Plan shall continue in full force and effect. 

  
 1 

 IN WITNESS THEREOF, the Employer, by its duly authorized officer, has caused this Amendment to be executed
on the 21st day of September, 2012. 
  

			
	UNITIL CORPORATION
		
	 By:
	 	/s/ Mark H. Collin

  
 2 

 AMENDMENT TO 

UNITIL CORPORATION TAX DEFERRED SAVINGS AND INVESTMENT PLAN 

WHEREAS, Unitil Corporation (the “Employer”) heretofore adopted the Unitil Corporation Tax Deferred Savings and Investment Plan (the
“Plan”); and 
 WHEREAS, the Employer reserved the right to amend the Plan; and 

WHEREAS, the Employer desires to amend the Plan pursuant to a new collective bargaining agreement for Local B340 as well as to permit participants to
make loan repayments to the Plan following termination of employment; 
 NOW, THEREFORE, the Plan is hereby amended, effective as of June 1,
2013 except as otherwise provided below, as follows: 
  

	1.	Effective October I, 2013, Section 8.1 of the Plan is hereby amended by deleting the penultimate paragraph of said Section and replacing it with the following: 

“If a Participant terminates employment with an outstanding loan balance, the Participant may, subject to the terms and conditions of the
underlying promissory note, continue to make loan repayments. However, in the event the loan goes into default, or to the extent distribution of the Participant’s Account is to be made or commenced, the outstanding loan balance shall be charged
against the amounts that are otherwise payable to the Participant or the Participant’s Beneficiary under the provisions of the Plan. For any Participant with a loan(s) in good standing on October 1, 2013, loan repayments may be made after
termination of employment notwithstanding anything to the contrary set forth in the underlying promissory note.” 
  

	2.	Appendix A to the Plan is hereby amended to replace Item I thereof with the following: 

  

	 	“I.	Utility Workers Union of America, AFL-CIO, Local Union No. B340, The Brotherhood of Utility Workers Council (‘Local B340’), June 1, 2013 through May 31, 2019. 

Each Local B340 Participant may elect to contribute in the aggregate from one percent (1%) to eighty-five percent (85%) of such
Participant’s Compensation as a pre-tax contribution. 
 Any Local B340 Employee, who either (i) elected to opt-out of the
Employer’s defined benefit plan as of January 1, 2014 or (ii) who is first hired or rehired on or after June 1, 2013, and who, upon first becoming eligible to participate in the Plan in accordance with Section 3.1 , fails to
affirmatively make any deferral election (including an election to contribute zero percent (0%) of his Compensation to the Plan) within the time prescribed by the Administrator, shall be deemed to have elected to defer three percent (3%) of his
Compensation as a pre-tax contribution (‘deemed elective deferral ‘). The Administrator shall provide to each such Employee a notice of his right to receive the amount of the deemed elective deferral in cash and his right to increase or
decrease his rate of elective deferrals. 

 Participants who are Local B340 Employees who either (i) elected to opt-out of the
Employer’s defined benefit plan as of January 1, 2014 or (ii) who are hired or rehired, on or after June 1, 2013, shall, upon first becoming eligible to participate in the Plan in accordance with Section 3.1, also be
enrolled in the Plan’s ‘Managed Savings’ feature unless they elect to opt out of such feature. Such Participants, as of January 1st of each Plan year, shall have their rate of elective deferral contributions automatically
increased by one percent (1 %). Such rate of elective deferral contributions shall be further increased by an additional one percent (1 %) per year as of each subsequent January 1st. Notwithstanding the above, a Participant shall not have his
rate of elective deferral contributions automatically increased beyond ten percent (1 0%). A Participant’s election to participate in the ‘Managed Savings’ feature shall remain in place until the Participant revokes such election.

 Notwithstanding the foregoing, in no event shall any Local B340 Employee who opted out of the Employer’s defined benefit plan prior
to meeting the eligibility requirements set forth under Section 3.1 of this Plan become a participant in the Plan, be enrolled in the Plan’s ‘Managed Savings’ feature and/or be eligible for any Employer Contributions as described
below, until such Local B340 Employee has satisfied the age and service requirements set forth in Section 3.1.” 
  

	3.	Appendix B to the Plan is hereby amended to replace Item I thereof with the following: 

  

	 	“I.	Utility Workers Union of America, AFL-CIO, Local Union No. B340, The Brotherhood of Utility Workers Council (‘Local B340’), June 1, 2013 through May 31, 2019. 

Employer Matching Contribution for Local B340 Participants - For each payroll period, the Employer shall contribute to the Plan, on
behalf of each Participant, a discretionary matching contribution equal to a percentage (as determined by the Employer’s board of directors) of the elective deferrals (within the meaning of Section 4.1) and/or after-tax contributions
(under Section 4.5) made by each such Participant; provided, however, that the amount of such Employer matching contribution for any Participant in a Plan Year shall not exceed three percent (3%) of the Participant’s Compensation for
the period during which elective deferrals and/or after-tax contributions are made by the Participant 
 Notwithstanding the foregoing, and
solely with respect to Local B340 Employees who either elected to opt-out of the Employer’s defined benefit plan as of January I, 2014 or who are hired or rehired on or after June 1, 2013, shall, in lieu of receiving Employer matching
contributions pursuant to the previous provisions of this section, instead receive an Employer matching contribution for each payroll period in an amount equal to 100% of the elective deferrals (within the meaning of Section 4.1) and/or
after-tax contributions (within the meaning of Section 4.5) made by such Participant; provided, however, that the amount of such Employer Matching Contribution for any such Participant in a Plan Year shall not exceed six percent ( 6%) of the
Participant’s Compensation for that payroll 

 
period. Those Participants who elect to either continue participating in the Employer’s defined benefit plan or participate in the Employer’s defined benefit plan upon satisfaction of
such defined benefit plan’s eligibility provisions shall not be eligible for this increased matching contribution and shall instead receive Employer discretionary matching contributions in accordance with the previous provisions of this
section. 
 Notwithstanding the foregoing, in no event shall any Local B340 Employee be eligible to participate in the Plan and receive
Employer contributions prior to satisfying the eligibility provisions of Section 3.1 of the Plan.” 
  

	4.	Appendix C to the Plan is hereby amended to replace Item I thereof with the following: 

  

	 	“I.	Utility Workers Union of America, AFL-CIO, Local Union No. B340, The Brotherhood of Utility Workers Council (‘Local B340’), June 1, 2013 through May 31, 2019. 

Effective on and after June 1, 2013, each payroll period the Employer shall make a ‘Company Contribution’ on behalf of
Participants who are Local B340 Employees who either elected to opt-out of the Employer’s defined benefit plan as of January 1, 2014 or who are hired or rehired on and after June 1, 2013. Such ‘Company Contributions’ shall
be in the amount equal to four percent (4%) of each such Participant’s Compensation for each payroll period. Notwithstanding the foregoing, in no event shall any Local B340 Employee be eligible to participate in the Plan and receive
Employer contributions prior to satisfying the eligibility provisions of Section 3.1 of the Plan.” 
  

	5.	Except as hereinabove amended, the provisions of the Plan shall continue in full force and effect. 

 IN
WITNESS THEREOF, the Employer, by its duly authorized officer, has caused this Amendment to be executed on the 24th day of September, 2013. 

 

			
	UNITIL CORPORATION
		
	 By:
	 	/s/ Robert G. Schoenberger
		 	Chairman, Chief Executive Officer & PresidentEX-4.1

 Exhibit 4.1 

Indenture 
 FLUIDIGM CORPORATION,
as 
 ISSUER 
 and 

U.S. BANK NATIONAL ASSOCIATION, as 

INDENTURE TRUSTEE 
  

 
 INDENTURE 

Dated as of January [•], 2014 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	  
			
	 Section 1.01
	 	Definitions	  	 	1	  
	 Section 1.02
	 	Other Definitions	  	 	5	  
	 Section 1.03
	 	Incorporation by Reference of Trust Indenture Act	  	 	5	  
	 Section 1.04
	 	Rules of Construction	  	 	6	  
		
	 ARTICLE II THE SECURITIES
	  	 	6	  
			
	 Section 2.01
	 	Issuable in Series	  	 	6	  
	 Section 2.02
	 	Establishment of Terms of Series of Securities	  	 	6	  
	 Section 2.03
	 	Execution and Authentication	  	 	8	  
	 Section 2.04
	 	Registrar and Paying Agent	  	 	9	  
	 Section 2.05
	 	Paying Agent to Hold Money in Trust	  	 	9	  
	 Section 2.06
	 	Holder Lists	  	 	10	  
	 Section 2.07
	 	Transfer and Exchange	  	 	10	  
	 Section 2.08
	 	Mutilated, Destroyed, Lost and Stolen Securities	  	 	10	  
	 Section 2.09
	 	Outstanding Securities	  	 	11	  
	 Section 2.10
	 	Treasury Securities	  	 	11	  
	 Section 2.11
	 	Temporary Securities	  	 	11	  
	 Section 2.12
	 	Cancellation	  	 	12	  
	 Section 2.13
	 	Defaulted Interest	  	 	12	  
	 Section 2.14
	 	Global Securities	  	 	12	  
	 Section 2.15
	 	CUSIP Numbers	  	 	14	  
		
	 ARTICLE III REDEMPTION
	  	 	14	  
			
	 Section 3.01
	 	Notice to Trustee	  	 	14	  
	 Section 3.02
	 	Selection of Securities to be Redeemed	  	 	14	  
	 Section 3.03
	 	Notice of Redemption	  	 	14	  
	 Section 3.04
	 	Effect of Notice of Redemption	  	 	15	  
	 Section 3.05
	 	Deposit of Redemption Price	  	 	15	  
	 Section 3.06
	 	Securities Redeemed in Part	  	 	15	  
		
	 ARTICLE IV COVENANTS
	  	 	16	  
			
	 Section 4.01
	 	Payment of Principal and Interest	  	 	16	  
	 Section 4.02
	 	SEC Reports	  	 	16	  
	 Section 4.03
	 	Compliance Certificate	  	 	16	  
	 Section 4.04
	 	Stay, Extension and Usury Laws	  	 	16	  
		
	 ARTICLE V SUCCESSORS
	  	 	16	  
			
	 Section 5.01
	 	When Company May Merge, Etc	  	 	16	  
	 Section 5.02
	 	Successor Corporation Substituted	  	 	17	  

  
 i 

 TABLE OF CONTENTS 

(Continued) 
  

							
	 	 	 	  	Page	 
	 ARTICLE VI DEFAULTS AND REMEDIES
	  	 	17	  
			
	 Section 6.01
	 	Events of Default	  	 	17	  
	 Section 6.02
	 	Acceleration of Maturity; Rescission and Annulment	  	 	18	  
	 Section 6.03
	 	Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	19	  
	 Section 6.04
	 	Trustee May File Proofs of Claim	  	 	19	  
	 Section 6.05
	 	Trustee May Enforce Claims Without Possession of Securities	  	 	20	  
	 Section 6.06
	 	Application of Money Collected	  	 	20	  
	 Section 6.07
	 	Limitation on Suits	  	 	21	  
	 Section 6.08
	 	Unconditional Right of Holders to Receive Principal and Interest	  	 	21	  
	 Section 6.09
	 	Restoration of Rights and Remedies	  	 	21	  
	 Section 6.10
	 	Rights and Remedies Cumulative	  	 	22	  
	 Section 6.11
	 	Delay or Omission Not Waiver	  	 	22	  
	 Section 6.12
	 	Control by Holders	  	 	22	  
	 Section 6.13
	 	Waiver of Past Defaults	  	 	22	  
	 Section 6.14
	 	Undertaking for Costs	  	 	23	  
		
	 ARTICLE VII TRUSTEE
	  	 	23	  
			
	 Section 7.01
	 	Duties of Trustee	  	 	23	  
	 Section 7.02
	 	Rights of Trustee	  	 	24	  
	 Section 7.03
	 	Individual Rights of Trustee	  	 	26	  
	 Section 7.04
	 	Trustee’s Disclaimer	  	 	26	  
	 Section 7.05
	 	Notice of Defaults	  	 	26	  
	 Section 7.06
	 	Reports by Trustee to Holders	  	 	26	  
	 Section 7.07
	 	Compensation and Indemnity	  	 	26	  
	 Section 7.08
	 	Replacement of Trustee	  	 	27	  
	 Section 7.09
	 	Successor Trustee by Merger, etc	  	 	28	  
	 Section 7.10
	 	Eligibility; Disqualification	  	 	28	  
	 Section 7.11
	 	Preferential Collection of Claims Against Company	  	 	28	  
		
	 ARTICLE VIII SATISFACTION AND DISCHARGE; DEFEASANCE
	  	 	28	  
			
	 Section 8.01
	 	Satisfaction and Discharge of Indenture	  	 	28	  
	 Section 8.02
	 	Application of Trust Funds; Indemnification	  	 	29	  
	 Section 8.03
	 	Legal Defeasance of Securities of any Series	  	 	30	  
	 Section 8.04
	 	Covenant Defeasance	  	 	31	  
	 Section 8.05
	 	Repayment to Company	  	 	32	  
	 Section 8.06
	 	Reinstatement	  	 	32	  

  
 ii 

 TABLE OF CONTENTS 

(Continued) 
  

							
	 	 	 	  	Page	 
	 ARTICLE IX AMENDMENTS AND WAIVERS
	  	 	33	  
			
	 Section 9.01
	 	Without Consent of Holders	  	 	33	  
	 Section 9.02
	 	With Consent of Holders	  	 	34	  
	 Section 9.03
	 	Limitations	  	 	34	  
	 Section 9.04
	 	Compliance with Trust Indenture Act	  	 	35	  
	 Section 9.05
	 	Revocation and Effect of Consents	  	 	35	  
	 Section 9.06
	 	Notation on or Exchange of Securities	  	 	35	  
	 Section 9.07
	 	Trustee Protected	  	 	35	  
		
	 ARTICLE X MISCELLANEOUS
	  	 	36	  
			
	 Section 10.01
	 	Trust Indenture Act Controls	  	 	36	  
	 Section 10.02
	 	Notices	  	 	36	  
	 Section 10.03
	 	Communication by Holders with Other Holders	  	 	37	  
	 Section 10.04
	 	Certificate and Opinion as to Conditions Precedent	  	 	37	  
	 Section 10.05
	 	Statements Required in Certificate or Opinion	  	 	37	  
	 Section 10.06
	 	Rules by Trustee and Agents	  	 	37	  
	 Section 10.07
	 	Legal Holidays	  	 	38	  
	 Section 10.08
	 	No Recourse Against Others	  	 	38	  
	 Section 10.09
	 	Counterparts	  	 	38	  
	 Section 10.10
	 	Governing Laws	  	 	38	  
	 Section 10.11
	 	No Adverse Interpretation of Other Agreements	  	 	38	  
	 Section 10.12
	 	Successors	  	 	38	  
	 Section 10.13
	 	Severability	  	 	38	  
	 Section 10.14
	 	Table of Contents, Headings, Etc	  	 	38	  
	 Section 10.15
	 	Securities in a Foreign Currency	  	 	38	  
	 Section 10.16
	 	U.S.A. Patriot Act	  	 	39	  
	 Section 10.17
	 	Waiver of Jury Trial	  	 	39	  
		
	 ARTICLE XI SINKING FUNDS
	  	 	39	  
			
	 Section 11.01
	 	Applicability of Article	  	 	39	  
	 Section 11.02
	 	Satisfaction of Sinking Fund Payments with Securities	  	 	40	  
	 Section 11.03
	 	Redemption of Securities for Sinking Fund	  	 	40	  

  
 iii 

 FLUIDIGM CORPORATION 

Reconciliation and tie between Trust Indenture Act of 1939 and 

Indenture, dated as of             . 

 

					
	 Section 310 (a)(1)
	  	 	7.10	  
	 (a)(2)
	  	 	7.10	  
	 (a)(3)
	  	 	NOT APPLICABLE	  
	 (a)(4)
	  	 	NOT APPLICABLE	  
	 (a)(5)
	  	 	7.10	  
	 (b)
	  	 	7.10	  
	 Section 311 (a)
	  	 	7.11	  
	 (b)
	  	 	7.11	  
	 (c)
	  	 	NOT APPLICABLE	  
	 Section 312 (a)
	  	 	2.06	  
	 (b)
	  	 	10.03	  
	 (c)
	  	 	10.03	  
	 Section 313 (a)
	  	 	7.06	  
	 (b)(1)
	  	 	7.06	  
	 (b)(2)
	  	 	7.06	  
	 (c)(1)
	  	 	7.06	  
	 (d)
	  	 	7.06	  
	 Section 314 (a)
	  	 	4.02, 10.05	  
	 (b)
	  	 	NOT APPLICABLE	  
	 (c)(1)
	  	 	10.04	  
	 (c)(2)
	  	 	10.04	  
	 (c)(3)
	  	 	NOT APPLICABLE	  
	 (d)
	  	 	NOT APPLICABLE	  
	 (e)
	  	 	10.05	  
	 (f)
	  	 	NOT APPLICABLE	  
	 Section 315 (a)
	  	 	7.01	  
	 (b)
	  	 	7.05	  
	 (c)
	  	 	7.01	  
	 (d)
	  	 	7.01	  
	 (e)
	  	 	6.14	  
	 Section 316 (a)
	  	 	2.10	  
	 (a)(1)(a)
	  	 	6.12	  
	 (a)(1)(b)
	  	 	6.13	  
	 (b)
	  	 	6.08	  
	 Section 317 (a)(1)
	  	 	6.03	  
	 (a)(2)
	  	 	6.04	  
	 (b)
	  	 	2.05	  
	 Section 318 (a)
	  	 	10.01	  

  
 iv 

 Indenture dated as of [•] between Fluidigm Corporation, a Delaware corporation
(“Company”), and U.S. Bank National Association, as trustee (“Trustee”). 
 Each party agrees as follows
for the benefit of the other party and for the equal and ratable benefit of the Holders of the Securities issued under this Indenture. 

ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions.

“Additional Amounts” means any additional amounts which are required hereby or by any Security, under circumstances specified
herein or therein, to be paid by the Company in respect of certain taxes imposed on Holders specified herein or therein and which are owing to such Holders, as calculated by the Company. 

“Affiliate” of any specified person means any other person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”), as used
with respect to any person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such person, whether through the ownership of voting securities or by agreement or
otherwise. 
 “Agent” means any Registrar or Paying Agent. 

“Applicable Procedures” means, with respect to any transfer or transaction involving a Global Security or beneficial interest
therein, the rules and procedures of DTC or any successor Depositary, in each case to the extent applicable to such transaction and as in effect from time to time. 

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

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

“Business Day” means any day other than a Saturday, Sunday or other day on which banking institutions are authorized or
required by law, regulation or executive order to close or be closed in the State of New York. 

 “Capital Interests” means any and all shares, interests, participations, rights
or other equivalents (however designated) of capital stock, including, without limitation, with respect to partnerships, partnership interests (whether general or limited) and any other interest or participation that confers on a person the right to
receive a share of the profits and losses of, or distributions of assets of, such partnership. 
 “Company” means the party
named as such above until a successor replaces it and thereafter means the successor. 
 “Company Order” means a written
order signed in the name of the Company by two Officers, one of whom must be the Company’s principal executive officer, principal financial officer or principal accounting officer. 

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

“Corporate Trust Office” means the address of the Trustee specified in Section 10.02, or such other address as to which
the Trustee may give notice to the Holders and the Company. 
 “Default” means any event which is, or after notice or
passage of time or both would be, an Event of Default. 
 “Depositary” means, with respect to the Securities of any
Series issuable or issued in whole or part in the form of one or more Global Securities, the person designated as Depositary for such Series by the Company, which Depositary shall be a clearing agency registered under the Exchange Act; and
if at any time there is more than one such person, “Depositary” as used with respect to the Securities of any Series shall mean the Depositary with respect to the Securities of such Series. 

“Discount Security” means any Security that provides for an amount less than the stated principal amount thereof to be due
and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.02. 
 “Dollars” and
“$” means the currency of The United States of America. 
 “DTC” means the Depository Trust Company, a New
York corporation. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder. 
 “Foreign Currency” means any currency or currency unit issued by a government other than the
government of The United States of America. 

  
 2 

 “Foreign Government Obligations” means, with respect to Securities of any
Series that are denominated in a Foreign Currency, (i) direct obligations of the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged or (ii) obligations
of a person controlled or supervised by or acting as an agency or instrumentality of such government the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by such government, which, in either case under
clauses (i) or (ii), are not callable or redeemable at the option of the issuer thereof. 
 “GAAP” means generally
accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the American Standards Board or in such other statements by such other entity as have been approved by a significant segment of the
accounting profession. 
 “Global Security” or “Global Securities” means a Security or Securities, as the
case may be, in the form established pursuant to Section 2.02 evidencing all or part of a Series of Securities, issued to the Depositary for such Series or its nominee, and registered in the name of such Depositary or nominee. 

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

“Indenture” means this Indenture as amended or supplemented from time to time and shall include the form and terms of
particular Series of Securities established as contemplated hereunder. 
 “interest” with respect to any Discount
Security which by its terms bears interest only after Maturity means interest payable after Maturity. 
 “Maturity,” when
used with respect to any Security or installment of principal thereof, means the date on which the principal of such Security or such 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. 
 “Officer” means the Chief Executive Officer, Chief
Financial Officer, any Vice-President, the Treasurer, the Secretary, any Assistant Treasurer or any Assistant Secretary of the Company. 

“Officers’ Certificate” means a certificate signed by two Officers, one of whom must be the Company’s principal
executive officer, principal financial officer or principal accounting officer. 
 “Opinion of Counsel” means a written
opinion of legal counsel who is reasonably acceptable to the Trustee. The counsel may be an employee of or counsel to the Company. 

“person” means any individual, corporation, partnership, joint venture, association, limited liability company, joint-stock
company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “principal” of
a Security means the principal of the Security plus, when appropriate, the premium, if any, on, and any Additional Amounts in respect of, the Security. 

  
 3 

 “Responsible Officer” means any officer of the Trustee in its Corporate Trust
Office with direct responsibility for the administration of this Indenture and also means, with respect to a particular corporate trust matter, any other officer to whom any corporate trust matter is referred because of his or her knowledge of and
familiarity with a particular subject. 
 “SEC” means the Securities and Exchange Commission. 

“Securities” means the debentures, notes or other debt instruments of the Company of any Series authenticated and
delivered under this Indenture. 
 “Series” or “Series of Securities” means each series of
debentures, notes or other debt instruments of the Company created pursuant to Sections 2.01 and 2.02 hereof. 
 “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 as the fixed date on which the principal of such Security or such installment of
principal or interest is due and payable. 
 “Subsidiary” means, with respect to any person, any corporation, association
or other business entity of which more than 50% of the total voting power of shares of Capital Interests entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof or, in the
case of a partnership, more than 50% of the partners’ Capital Interests (considering all partners’ Capital Interests as a single class), is at the time owned or controlled, directly or indirectly, by such person or one or more of the other
Subsidiaries of such person or combination thereof. 
 “TIA” means the Trust Indenture Act of 1939 (15 U.S. Code
Sections 77aaa-77bbbb) as in effect on the date of this Indenture and the rules and regulations promulgated thereunder; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to
the extent required by any such amendment, the Trust Indenture Act as so amended. 
 “Trustee” means the person named as
the “Trustee” in the first paragraph of this instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean each person who is then a
Trustee hereunder, and if at any time there is more than one such person, “Trustee” as used with respect to the Securities of any Series shall mean the Trustee with respect to Securities of that Series. 

“U.S. Government Obligations” means securities which are (i) direct obligations of The United States of America for the
payment of which its full faith and credit is pledged or (ii) obligations of a person controlled or supervised by and acting as an agency or instrumentality of The United States of America the payment of which is unconditionally guaranteed as a
full faith and credit obligation by The United States of America, and which are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank or trust company as custodian with respect
to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law)
such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the U.S. Government Obligation evidenced by such depository receipt. 

  
 4 

 Section 1.02 Other Definitions.

 

					
	 TERM
	  	DEFINED IN
SECTION	 
	 Bankruptcy Law
	  	 	6.01	  
	 Custodian
	  	 	6.01	  
	 Event of Default
	  	 	6.01	  
	 Legal Holiday
	  	 	10.07	  
	 mandatory sinking fund payment
	  	 	11.01	  
	 Market Exchange Rate
	  	 	10.15	  
	 optional sinking fund payment
	  	 	11.01	  
	 Paying Agent
	  	 	2.04	  
	 Registrar
	  	 	2.04	  
	 Successor Person
	  	 	5.01	  

 Section 1.03 Incorporation by Reference of Trust Indenture Act.

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

“indenture securities” means the Securities. 

“indenture security holder” means a Holder. 

“indenture to be qualified” means this Indenture. 

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

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

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

  
 5 

 Section 1.04 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 generally accepted accounting principles; 

(c) references to “generally accepted accounting principles” and “GAAP” shall mean generally accepted accounting principles
in effect as of the time when and for the period as to which such accounting principles are to be applied; 
 (d) “or” is not
exclusive; 
 (e) words in the singular include the plural, and in the plural include the singular; and 

(f) provisions apply to successive events and transactions. 

ARTICLE II 
 THE
SECURITIES 
 Section 2.01 Issuable in Series. The aggregate principal amount of Securities that may be authenticated
and delivered under this Indenture is unlimited. The Securities may be issued in one or more Series. All Securities of a Series shall be identical except as may be set forth or determined in the manner provided in a Board Resolution,
supplemental indenture or Officers’ Certificate detailing the adoption of the terms thereof pursuant to authority granted under a Board Resolution. In the case of Securities of a Series to be issued from time to time, the Board Resolution,
Officers’ Certificate or supplemental indenture detailing the adoption of the terms thereof pursuant to authority granted under a Board Resolution may provide for the method by which specified terms (such as interest rate, maturity date, record
date or date from which interest shall accrue) are to be determined. Securities may differ between Series in respect of any matters, provided that all Series of Securities shall be equally and ratably entitled to the benefits of the
Indenture. 
 Section 2.02 Establishment of Terms of Series of Securities. At or prior to the issuance of any
Securities within a Series, the following shall be established (as to the Series generally, in the case of Subsection 2.02(a) and either as to such Securities within the Series or as to the Series generally in the case of Subsections
2.02(b) through 2.02(s)) by or pursuant to a Board Resolution, and set forth or determined in the manner provided in a Board Resolution, supplemental indenture or an Officers’ Certificate: 

(a) the form and title of the Series (which shall distinguish the Securities of that particular Series from the Securities of any
other Series); 
 (b) the price or prices (expressed as a percentage of the principal amount thereof) at which the Securities of the
Series will be issued; 

  
 6 

 (c) 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 2.07, 2.08,
2.11, 3.06 or 9.06); 
 (d) the date or dates on which the principal of the Securities of the Series is payable; 

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

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

(h) the obligation, if any, of the Company to redeem or purchase the Securities of the Series pursuant to any sinking fund or analogous
provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the Series shall be redeemed or purchased, in whole or in part, pursuant
to such obligation; 
 (i) the dates, if any, on which and the price or prices at which the Securities of the Series will be repurchased
by the Company at the option of the Holders thereof and other detailed terms and provisions of such repurchase obligations; 
 (j) if other
than denominations of $1,000 and any integral multiple thereof, the denominations in which the Securities of the Series shall be issuable; 

(k) if other than the principal amount thereof, the portion of the principal amount of the Securities of the Series that shall be payable
upon declaration of acceleration of the maturity thereof pursuant to Section 6.02; 
 (l) the currency of denomination of the Securities
of the Series, which may be Dollars or any Foreign Currency, and the agency or organization, if any, responsible for overseeing such composite currency; 

  
 7 

 (m) the provisions, if any, relating to any security provided for the Securities of the Series;

 (n) any addition to or change in the Events of Default which applies to any Securities of the Series and any change in the right of
the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.02; 

(o) any addition to or change in the covenants set forth in Articles IV or V which applies to Securities of the Series; 

(p) the provisions, if any, relating to conversion of any Securities of such Series, including, if applicable, the securities into which the
Securities are convertible, the conversion price, the conversion period, provisions as to whether conversion will be mandatory, at the option of the Holders or at the option of the Company, the events requiring an adjustment of the conversion price
and provisions affecting conversion if such Series of Securities are redeemed; 
 (q) whether the Securities of such Series will be
senior debt securities or subordinated debt securities and, if applicable, a description of the subordination terms thereof; 
 (r) any
depositaries, interest rate calculation agents, exchange rate calculation agents or other agents with respect to Securities of such Series if other than those appointed herein; and 

(s) any other terms of the Securities of the Series (which may modify or delete any provision of this Indenture insofar as it applies to
such Series). 
 All Securities of any one Series need not be issued at the same time and may be issued from time to time, consistent
with the terms of this Indenture, if so provided by or pursuant to the Board Resolution, supplemental indenture hereto or Officers’ Certificate referred to above, and, unless otherwise provided in such Board Resolution, a Series may be
reopened, without the consent of the Holders, for increases in the aggregate principal amount of such Series and issuances of additional Securities of such Series. 

Section 2.03 Execution and Authentication. At least one Officer shall sign the Securities for the Company by manual or
facsimile signature. If an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall nevertheless be valid. A Security shall not be valid until authenticated by the manual
signature of the Trustee or an authenticating agent. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. The Trustee shall at any time, and from time to time, authenticate Securities for original
issue in the principal amount provided in the Board Resolution, supplemental indenture hereto or Officers’ Certificate, upon receipt by the Trustee of a Company Order. Such Company Order may authorize authentication and delivery pursuant to
electronic instructions in PDF from the Company or its duly authorized agent or agents. Each Security shall be dated the date of its authentication unless otherwise provided by a Board Resolution, a supplemental indenture hereto or an Officers’
Certificate. The aggregate principal amount of Securities of any 

  
 8 

 
Series outstanding at any time may not exceed any limit upon the maximum principal amount for such Series set forth in the Board Resolution, supplemental indenture hereto or
Officers’ Certificate delivered pursuant to Section 2.02, except as provided in Section 2.02 or 2.08. Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to Section 7.02) shall be fully
protected in relying on: (a) the Board Resolution, supplemental indenture hereto or Officers’ Certificate establishing the form of the Securities of that Series or of Securities within that Series and the terms of the Securities
of that Series or of Securities within that Series, (b) an Officers’ Certificate complying with Section 10.04 and (c)(1) an Opinion of Counsel complying with Section 10.04 or (2) an Opinion of Counsel (or reliance
letter with respect to an Opinion of Counsel) that the Securities have been duly authorized, executed and delivered by the Company and such Securities will constitute valid and binding obligations of the Company, enforceable against the Company in
accordance with its terms. The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Securities. An authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to
authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with the Company or an Affiliate of the Company. 

Section 2.04 Registrar and Paying Agent. The Company shall maintain, with respect to each Series of Securities,
at the place or places specified with respect to such Series pursuant to Section 2.02, an office or agency where Securities of such Series may be presented or surrendered for payment (“Paying Agent”), and where
Securities of such Series may be surrendered for registration of transfer or exchange (“Registrar”). The Registrar shall keep a register with respect to each Series of Securities and of their transfer and exchange. The
Company hereby appoints the Trustee as Paying Agent and Registrar. The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address, of each Registrar or Paying Agent. The Company may also
from time to time designate one or more co-registrars or additional paying agents and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its
obligations to maintain a Registrar and a Paying Agent in each place so specified pursuant to Section 2.02 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 name or address of any such co-registrar or additional paying agent. The term “Registrar” includes any co-registrar; and the term “Paying Agent” includes any additional paying agent. The
Company hereby appoints the Trustee as the initial Registrar and Paying Agent for each Series unless another Registrar or Paying Agent, as the case may be, is appointed prior to the time Securities of that Series are first issued. 

Section 2.05 Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than
the Trustee to agree in writing that the Paying Agent will hold in trust, for the benefit of Holders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on the
Series of Securities, and will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any
time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall 

  
 9 

 
have no further liability for the money. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of Holders of any
Series of Securities all money held by it as Paying Agent. Upon an Event of Default under Section 6.01(d) or (e), the Trustee shall be the Paying Agent. 

Section 2.06 Holder Lists. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list
available to it of the names and addresses of Holders of each Series of Securities and shall otherwise comply with TIA Section 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten
(10) days before each interest payment date and at such other times as the Trustee may request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Holders of each
Series of Securities. 
 Section 2.07 Transfer and Exchange. Where Securities of a Series are presented to the
Registrar or a co-registrar with a request to register a transfer or to exchange them for an equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if its requirements for such
transactions are met. To permit registrations of transfers and exchanges, the Trustee shall authenticate Securities at the Registrar’s request. No service charge shall be made for any registration of transfer or exchange (except as otherwise
expressly permitted herein), but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or similar governmental charge payable
upon exchanges pursuant to Sections 2.11, 3.06 or 9.06). Neither the Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any Series for the period beginning at the opening of
business fifteen days immediately preceding the delivery of a notice of redemption of Securities of that Series selected for redemption and ending at the close of business on the day of such delivery, or (b) to register the transfer of or
exchange Securities of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Securities selected, called or being called for redemption in part. 

Section 2.08 Mutilated, Destroyed, Lost and Stolen Securities.

(a) If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and make available
for delivery in exchange therefor a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. If there shall be delivered to the Company and the Trustee (i) evidence to
their satisfaction of the destruction, loss or theft of any Security and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or
the Trustee that such Security has been acquired by a protected purchaser, the Company shall execute and upon its request the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new
Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. In case any such mutilated, destroyed, lost or stolen Security has become due and payable, the Company in its discretion
may, instead of issuing a new Security, pay such Security. 

  
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 (b) Upon the issuance of any new Security under this Section, the Company may require the payment
of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. Every new Security of any Series issued
pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by
anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of that Series duly issued hereunder. The provisions of this Section are exclusive and shall preclude (to the
extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 

Section 2.09 Outstanding Securities. The Securities outstanding at any time are all the Securities authenticated by the
Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section as not
outstanding. If a Security is replaced pursuant to Section 2.08, it ceases to be outstanding until the Trustee receives proof satisfactory to it that the replaced Security is held by a protected purchaser. If the Paying Agent (other than the
Company, a Subsidiary of the Company or an Affiliate of the Company) holds on the Maturity of Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the
Series cease to be outstanding and interest on them ceases to accrue. A Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security. In determining whether the Holders of the requisite
principal amount of outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such purposes shall be
the amount of the principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.02. 

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

Section 2.11 Temporary Securities. Until definitive Securities are ready for delivery, the Company may prepare and the
Trustee shall authenticate temporary Securities upon a Company Order. Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities. Without
unreasonable delay, the Company shall prepare and the Trustee upon request shall authenticate definitive Securities of the same Series and date of maturity in exchange for temporary Securities. Until so exchanged, temporary securities shall
have the same rights under this Indenture as the definitive Securities. 

  
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 Section 2.12 Cancellation. The Company at any time may deliver Securities
to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee shall cancel all Securities surrendered for
registration of transfer, exchange, payment, replacement or cancellation in accordance with its customary procedures. The Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation. 

Section 2.13 Defaulted Interest. If the Company defaults in a payment of interest on a Series of Securities, it shall
pay the defaulted interest at the rate established for the particular Series, if any, plus, to the extent permitted by law, any interest payable on the defaulted interest, to the persons who are Holders of the Series on a subsequent special
record date. The Company shall fix the special record date and payment date; provided that if no rate for defaulted interest is specified for any Series of Securities, then the defaulted interest rate shall be the interest rate specified for such
Series of Securities. At least ten (10) days before the special record date, the Company shall deliver to the Trustee and to each Holder of the Series a notice that states the record date, the related payment date and the amount of
interest to be paid. The Company may also pay defaulted interest in any other lawful manner. 
 Section 2.14 Global Securities

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

(b) Transfer and Exchange. Notwithstanding any provisions to the contrary contained in Section 2.07 of the Indenture and in addition
thereto, any Global Security shall be exchangeable pursuant to Section 2.07 of the Indenture for Securities registered in the names of Holders other than the Depositary for such Security or its nominee only if (i) such Depositary notifies
the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered under the Exchange Act, and, in either case, the Company fails to appoint a
successor Depositary registered as a clearing agency under the Exchange Act within 90 days of such event, (ii) the Company executes and delivers to the Trustee an Officers’ Certificate to the effect that such Global Security shall be so
exchangeable or (iii) an Event of Default with respect to the Securities represented by such Global Security shall have happened and be continuing. Any Global Security that is exchangeable pursuant to the preceding sentence shall be
exchangeable for Securities registered in such names as the Depositary shall direct in writing in an aggregate principal amount equal to the principal amount of the Global Security with like tenor and terms. 

  
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 (c) Except as provided in this Section 2.14(c), a Global Security may not be transferred
except as a whole by the Depositary with respect to such Global Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the Depositary or any such nominee to a
successor Depositary or a nominee of such a successor Depositary. 
 (d) Legend. Any Global Security issued hereunder shall bear a legend in
substantially the following form: 
 “This Security is a Global Security within the meaning of the Indenture hereinafter referred to
and is registered in the name of the Depositary or a nominee of the Depositary. This Security is exchangeable for Securities registered in the name of a person other than the Depositary or its nominee only in the limited circumstances described in
the Indenture, and may not be transferred except as a whole by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a
successor Depositary or a nominee of such a successor Depositary.” 
 (e) Acts of Holders. The Depositary, as a Holder, may appoint
agents and otherwise authorize participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under the Indenture. 

(f) Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by Section 2.02, payment
of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof. 
 (g) Consents, Declaration and
Directions. Except as provided in Section 2.14(g), the Company, the Trustee and any Agent shall treat a person as the Holder of such principal amount of outstanding Securities of such Series represented by a Global Security as shall be
specified in a written statement of the Depositary with respect to such Global Security, for purposes of obtaining any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture. 

(h) The Depositary or its nominee, as registered owner of a Global Security, shall be the Holder of such Global Security for all purposes under
the Indenture and the Securities, and owners of beneficial interests in a Global Security shall hold such interests pursuant to the Applicable Procedures. Accordingly, any such owner’s beneficial interest in a Global Security will be shown only
on, and the transfer of such interest shall be effected only through, records maintained by the Depositary or its nominee and such owners of beneficial interests in a Global Security will not be considered the owners or holders thereof.
Notwithstanding any other provision of this Indenture or any Security, where this Indenture or any Global Security provides for notice of any event (including any notice of redemption or repurchase) to a Holder of a Global Security (whether by mail
or otherwise), such notice shall be sufficiently given if given to the Depositary (or its designee) pursuant to the standing instructions from the Depositary or its designee, including by electronic mail in accordance with applicable Depositary
procedures. 

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

ARTICLE III 

REDEMPTION 

Section 3.01 Notice to Trustee. The Company may, with respect to any Series of Securities, reserve the right to redeem
and pay the Series of Securities or may covenant to redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in such Securities. If a Series of
Securities is redeemable and the Company wants or is obligated to redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of such Securities, it shall notify the Trustee of the redemption date
and the principal amount of the Series of Securities to be redeemed. 
 Section 3.02 Selection of Securities to be
Redeemed. Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture or an Officers’ Certificate, if less than all the Securities of a Series are to be redeemed, the Trustee shall
select the Securities of the Series to be redeemed in any manner that the Trustee deems fair and appropriate. The Trustee shall make the selection from Securities of the Series outstanding not previously called for redemption. Securities
of a Series and portions selected for redemption shall be in amounts of $1,000 or whole multiples of $1,000 or, with respect to Securities of any Series issuable in other denominations pursuant to Section 2.02(j), the minimum
principal denomination for each Series and integral multiples thereof. Provisions of this Indenture that apply to Securities of a Series called for redemption also apply to portions of Securities of that Series called for redemption.
The Trustee shall not be liable for the selection made in accordance with this Section 3.02. 
 Section 3.03 Notice of
Redemption.
 (a) Unless otherwise specified for a particular Series by a Board Resolution, a supplemental indenture or an
Officers’ Certificate, at least 30 days but not more than 60 days before a redemption date, the Company shall deliver notice of redemption to each Holder whose Securities are to be redeemed. The notice shall identify the Securities of the
Series to be redeemed and shall state: 
 (i) the redemption date; 

(ii) the redemption price or the manner of the calculation of the redemption price; 

  
 14 

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

(iv) that Securities of the Series called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

(v) that interest on Securities of the Series called for redemption ceases to accrue on and after the redemption date; 

(vi) the CUSIP number, if any; and 

(vii) any other information as may be required by the terms of the particular Series or the Securities of a Series being redeemed.

 At the Company’s request, the Trustee shall give the notice of redemption in the Company’s name and at its expense; provided
that the Company shall have delivered to the Trustee, at least five Business Days (or such shorter period as the Trustee may consent to in writing) before notice of redemption is required to be delivered or caused to be delivered to Holders pursuant
to this Section 3.03, an Officers’ Certificate of the Company requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 

Section 3.04 Effect of Notice of Redemption. Once notice of redemption is delivered as provided in Section 3.03,
Securities of a Series called for redemption become due and payable on the redemption date and at the redemption price. A notice of redemption may not be conditional. Upon surrender to the Paying Agent, such Securities shall be paid at the
redemption price plus accrued interest to the redemption date; provided that installments of interest whose Stated Maturity is on or prior to the redemption date shall be payable to the Holders of such Securities (or one or more predecessor
Securities) registered at the close of business on the relevant record date therefor according to their terms and the terms of this Indenture. 

Section 3.05 Deposit of Redemption Price. Unless otherwise indicated for a particular Series by a Board
Resolution, a supplemental indenture or an Officers’ Certificate, on or before 11:00 a.m., New York City time, on the redemption date, the Company shall deposit with the Paying Agent money sufficient to pay the redemption price of and accrued
interest, if any, on all Securities to be redeemed on that date. 
 Section 3.06 Securities Redeemed in Part. Upon
surrender of a Security that is redeemed in part, the Company shall issue and the Trustee shall authenticate for the Holder a new Security of the same Series and the same maturity equal in principal amount to the unredeemed portion of the
Security surrendered. 

  
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 ARTICLE IV 

COVENANTS 

Section 4.01 Payment of Principal and Interest. The Company covenants and agrees for the benefit of the Holders of
each Series of Securities that it will duly and punctually pay the principal of and interest, if any, on the Securities of that Series in accordance with the terms of such Securities and this Indenture. 

Section 4.02 SEC Reports. Any information, documents or other reports that the Company shall file with the Commission
pursuant to Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee within 15 days after the same is filed with the Commission; provided that any such information, documents or reports filed or furnished with the Commission
pursuant to its Electronic Data Gathering, Analysis and Retrieval (or EDGAR) system shall be deemed filed with the Trustee as of the time such information, documents or reports are filed or furnished via EDGAR. 

Section 4.03 Compliance Certificate. The Company shall, so long as any of the Securities are outstanding, deliver to
the Trustee, within 120 days after the end of each fiscal year of the Company, an Officers’ Certificate stating whether or not to the knowledge of the signers thereof the Company is in default in the performance and observance of any of the
terms, provisions and conditions hereof (without regard to any period of grace or requirement of notice provided hereunder), and if a Default or Event of Default shall have occurred, specifying all such Defaults or Events of Default and the nature
and status thereof of which they may have knowledge. 
 Section 4.04 Stay, Extension and Usury Laws. The Company
covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time
hereafter in force, which may affect the covenants or the performance of this Indenture or the Securities or any other law that would prohibit or forgive the Company from paying all or any portion of the principal of, or interest on, the Securities
as contemplated in the Indenture, any indenture supplemental thereto relating to the Securities or the Securities and the Company (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants
that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted. 

ARTICLE V 

SUCCESSORS 

Section 5.01 When Company May Merge, Etc. The Company shall not consolidate with or merge with or into, or convey,
transfer or lease all or substantially all of its properties and assets to, another person (a “Successor Person”) unless: 

(a) the Company is the surviving corporation or the Successor Person (if other than the Company) is organized and validly existing under the
laws of any U.S. domestic jurisdiction and expressly assumes the Company’s obligations on the Securities and under this Indenture; and 

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

  
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 The Company shall deliver to the Trustee prior to the consummation of the proposed transaction an
Officers’ Certificate to the foregoing effect and an Opinion of Counsel stating that the proposed transaction and any supplemental indenture comply with this Indenture. 

Section 5.02 Successor Corporation Substituted. Upon any consolidation or merger, or any sale, lease, conveyance or
other disposition of all or substantially all of the assets of the Company in accordance with Section 5.01, the successor corporation formed by such consolidation or into or with which the Company is merged or to which such sale, lease,
conveyance or other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such Successor Person has been named as the Company herein;
provided, however, that the predecessor Company in the case of a sale, conveyance or other disposition (other than a lease) shall be released from all obligations and covenants under this Indenture and the Securities. 

ARTICLE VI 

DEFAULTS AND REMEDIES 

Section 6.01 Events of Default. 

“Event of Default,” wherever used herein with respect to Securities of any Series, means any one of the following events,
unless in the establishing Board Resolution, supplemental indenture or Officers’ Certificate, it is provided that such Series shall not have the benefit of said Event of Default or the terms of such Event of Default have been modified or
superceded as set forth in the Board Resolution, supplemental indenture or Officers’ Certificate for such Securities of any Series: 

(a) default in the payment of any interest on any Security of that Series when it becomes due and payable, and continuance of such default
for a period of 30 days (unless the entire amount of such payment is deposited by the Company with the Trustee or with a Paying Agent prior to the expiration of such period of 30 days); or 

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

(c) default in the performance or breach of any covenant or warranty of the Company in this Indenture (other than a covenant or warranty for
which the consequences of nonperformance or breach are addressed elsewhere in this Section 6.01 and other than a covenant or warranty that has been included in this Indenture solely for the benefit of a Series of Securities other than that
Series), which default continues uncured for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of not less than a majority in principal
amount of the outstanding Securities of that Series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 

  
 17 

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

(i) commences a voluntary case or proceeding; 

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

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

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

(v) makes an admission in writing that it is generally unable to pay its debts as the same become due; or 

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

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

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

(iii) orders the liquidation of the Company, and the order or decree remains unstayed and in effect for 90 days; or 

(f) any other Event of Default provided with respect to Securities of that Series, which is specified in a Board Resolution, a supplemental
indenture hereto or an Officers’ Certificate, in accordance with Section 2.02(n). 
 The term “Bankruptcy Law”
means Title 11 of the U.S. Code or any similar federal or state law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 

Section 6.02 Acceleration of Maturity; Rescission and Annulment. If an Event of Default with respect to Securities of
any Series at the time outstanding occurs and is continuing (other than an Event of Default referred to in Section 6.01(d) or (e)), then in every such case the Trustee or the Holders of not less than a majority in principal amount of the
outstanding Securities of that Series may declare the principal amount (or, if any Securities of that Series are Discount Securities, such portion of the principal amount as may be specified in the terms of such Securities) of and accrued
and unpaid interest, if any, on all of the Securities of that Series to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or
specified amount) and accrued and unpaid interest, if any, shall become immediately due and payable. If an Event of Default specified in Section 6.01(d) or (e) shall occur, the principal amount (or specified amount) of and accrued and
unpaid interest, if any, on all outstanding Securities shall be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. At any time after such a 

  
 18 

 
declaration of acceleration with respect to any Series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this
Article; provided that the Holders of a majority in principal amount of the outstanding Securities of that Series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if all Events of Default
with respect to Securities of that Series, other than the non-payment of the principal and interest, if any, of Securities of that Series which have become due solely by such declaration of acceleration, have been cured or waived as provided in
Section 6.13. No such rescission shall affect any subsequent Default or impair any right consequent thereon. 
 Section 6.03
Collection of Indebtedness and Suits for Enforcement by Trustee.
 The Company covenants that if: 

(a) default is made in the payment of any interest on any Security when such interest becomes due and payable and such default continues for a
period of 30 days, or 
 (b) default is made in the payment of principal of any Security at the Maturity thereof, 

then the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then due and payable on such
Securities for principal and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and any overdue interest at the rate or rates prescribed therefor in such Securities and, in
addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may
institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor upon such Securities and collect the moneys
adjudged or deemed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 

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

Section 6.04 Trustee May File Proofs of Claim. In case of the pendency of any receivership, insolvency,
liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors,
the Trustee 

  
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(irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made
any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise, (a) to file and prove a claim for the whole amount of principal and interest owing and
unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and (b) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same, and any custodian,
receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making
of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 7.07. 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 or
the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 6.05 Trustee May Enforce Claims Without Possession of Securities. All rights of action and claims under
this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be
brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the
ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 
 Section 6.06 Application
of Money Collected.
 Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the
date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if
fully paid: 
 First: To the payment of all amounts due the Trustee under Section 7.07; and 

Second: To the payment of the amounts then due and unpaid for principal of and interest on the Securities in respect of which or for the
benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and interest, respectively; and 

Third: To the Company. 

  
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 Section 6.07 Limitation on Suits. No Holder of any Security of any
Series shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 

(a) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that
Series; 
 (b) the Holders of at least a majority in principal amount of the outstanding Securities of that Series shall have made
written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 
 (c) such
Holder or Holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such request; 

(d) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and

 (e) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a
majority in principal amount of the outstanding Securities of that Series; 
 it being understood and intended that no one or more of such Holders shall
have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other
of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders. 

Section 6.08 Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision in
this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest, if any, on such Security on the Stated Maturity or Stated Maturities expressed in such
Security (or, in the case of redemption, on the redemption date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 

Section 6.09 Restoration of Rights and Remedies. If the Trustee or any Holder has instituted any proceeding to enforce
any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such
proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding
had been instituted. 

  
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 Section 6.10 Rights and Remedies Cumulative. Except as otherwise provided
with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in Section 2.08, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right
or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of
any right or remedy hereunder, or otherwise, shall not, to the extent permitted by law, prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 6.11 Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder of any Securities to
exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the
Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 

Section 6.12 Control by Holders. Subject to Section 7.02(f), the Holders of a majority in principal amount of the
outstanding Securities of any Series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the
Securities of such Series, provided that: 
 (a) such direction shall not be in conflict with any rule of law or with this Indenture, 

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

(c) subject to the provisions of Section 7.01, the Trustee shall have the right to decline to follow any such direction if the Trustee in
good faith shall, by a Responsible Officer of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability. 

Section 6.13 Waiver of Past Defaults. The Holders of not less than a majority in principal amount of the outstanding
Securities of any Series may on behalf of the Holders of all the Securities of such Series waive any past Default hereunder with respect to such Series and its consequences, except a Default (i) in the payment of the principal of
or interest on any Security of such Series (provided, however, that the Holders of a majority in principal amount of the outstanding Securities of any Series may rescind an acceleration and its consequences, including any related payment
default that resulted from such acceleration) or (ii) in respect of a covenant or provision hereof which cannot be modified or amended without the consent of the Holder of each outstanding Security of such Series affected. Upon any such
waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right
consequent thereon. 

  
 22 

 Section 6.14 Undertaking for Costs. All parties to this Indenture agree,
and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee
for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable
attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by
the Company, to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the outstanding Securities of any Series, or to any suit instituted by any
Holder for the enforcement of the payment of the principal of or interest on any Security on or after the Stated Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date). 

ARTICLE VII 

TRUSTEE 

Section 7.01 Duties of Trustee.

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

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

(i) The Trustee need perform only those duties that are specifically set forth in this Indenture and no others and no implied covenants or
obligations shall be read into this Indenture against the Trustee. 
 (ii) In the absence of bad faith on its part, the Trustee may
conclusively rely and is fully protected, as to the truth of the statements and the correctness of the opinions expressed therein, upon Officers’ Certificates or Opinions of Counsel furnished to the Trustee and conforming to the requirements of
this Indenture; however, in the case of any such Officers’ Certificates or Opinions of Counsel which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such Officers’ Certificates
and Opinions of Counsel to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein) . 

(c) The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act or its own willful
misconduct, except that: 
 (i) This paragraph does not limit the effect of paragraph (b) of this Section. 

  
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 (ii) The Trustee shall not be liable for any error of judgment made in good faith by a
Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts. 
 (iii) The Trustee shall not
be liable with respect to any action taken, suffered or omitted to be taken by it with respect to Securities of any Series in good faith in accordance with the direction of the Holders of a majority in principal amount of the outstanding
Securities of such Series relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the
Securities of such Series. 
 (d) Every provision of this Indenture that in any way relates to the Trustee is subject to paragraph (a),
(b) and (c) of this Section. 
 (e) The Trustee may refuse to perform any duty or exercise any right or power at the request or
direction of any Holder unless it receives indemnity reasonably satisfactory to it against any loss, liability or expense. 
 (f) The Trustee
shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

(g) No provision of this Indenture shall require the Trustee to risk its own funds or otherwise incur any financial liability in the
performance of any of its duties, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk is not reasonably assured to it. 

(h) The rights, privileges, protections, immunities and benefits given to the Trustee, including the right to be indemnified, are extended to,
and shall be enforceable by the Trustee in each of its capacities hereunder and to its agents. The provisions set forth in paragraphs (a), (b) and (c) of this Section shall apply to the Trustee in each of its capacities hereunder and
its agents. 
 Section 7.02 Rights of Trustee.

(a) The Trustee may conclusively rely on and shall be protected in acting or refraining from acting upon any document believed by it to be
genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the document. 

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

  
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 (c) The Trustee may act through agents and shall not be responsible for the misconduct or
negligence of any agent appointed with due care. No Depositary shall be deemed an agent of the Trustee, and the Trustee shall not be responsible for any act or omission by any Depositary. 

(d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized or within its
rights or powers, provided that the Trustee’s conduct does not constitute negligence or willful misconduct. 
 (e) The Trustee may
consult with counsel, and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder without negligence and in good faith and in
reliance thereon. 
 (f) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at
the request or direction of any of the Holders of Securities unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with
such request or direction. 
 (g) The Trustee shall not be bound to make any investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by the Trustee to be genuine and to have been
signed or delivered by the proper person. 
 (h) The Trustee shall not be deemed to have notice of any Default or Event of Default, other
than a failure by the Company to make any payment hereunder when due if the Trustee is the Paying Agent, unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default
is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities generally or the Securities of a particular Series and this Indenture and states that it is a “notice of default.” 

(i) The permissive rights of the Trustee enumerated herein shall not be construed as duties. 

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

(k) Neither the Trustee nor any Agent shall be responsible or liable for any failure or delay in the performance of its obligation under this
Indenture arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; fire; flood; wars; acts of terrorism; civil or military disturbances; sabotage;

  
 25 

 
epidemic; riots; interruptions, loss or malfunctions of utilities, computer (hardware or software) or communications services; accidents; labor disputes; acts of civil or military authority or
governmental action; it being understood that each of the Trustee and Agents shall use commercially reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as reasonably practicable under
the circumstances. 
 (l) The Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties
hereunder. 
 Section 7.03 Individual Rights of Trustee. The Trustee in its individual or any other capacity may
become the owner or pledgee of Securities and may otherwise deal with the Company or an Affiliate of the Company with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee is also subject to
Sections 7.10 and 7.11. 
 Section 7.04 Trustee’s Disclaimer. The Trustee makes no representation as to the
validity or adequacy of this Indenture or the Securities, it shall not be accountable for the Company’s use of the proceeds from the Securities, and it shall not be responsible for any statement in the Securities other than its authentication.

 Section 7.05 Notice of Defaults. If a Default or Event of Default occurs and is continuing with respect to the
Securities of any Series and if it is known to a Responsible Officer of the Trustee, the Trustee shall deliver to each Holder of the Securities of that Series notice of a Default or Event of Default within 90 days after it occurs or, if
later, after a Responsible Officer of the Trustee has knowledge of such Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal of or interest on any Security of any Series, the Trustee may withhold
the notice if and so long as it in good faith determines that withholding the notice is in the interests of Holders of that Series. 

Section 7.06 Reports by Trustee to Holders. Within 60 days after March 15 in each year, the Trustee shall transmit by
deliver to all Holders, as their names and addresses appear on the register kept by the Registrar a brief report dated as of such March 15, in accordance with, and to the extent required under, TIA Section 313. A copy of each report at the
time of its delivery to Holders of any Series shall be filed with the SEC and each stock exchange on which the Securities of that Series are listed. The Company shall promptly notify the Trustee when Securities of any Series are
listed on any stock exchange. 
 Section 7.07 Compensation and Indemnity. The Company shall pay to the Trustee from
time to time compensation for its services as the Company and the Trustee shall from time to time agree upon in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company
shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred by it. Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and counsel. The Company shall indemnify each of the
Trustee and any predecessor Trustee (including the cost of defending itself) against any loss, liability or expense, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred by it except as set
forth in this Section 7.07 in the performance of its 

  
 26 

 
duties under this Indenture as Trustee or Agent. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure or delay by the Trustee to so notify the
Company of any claim for which it may seek indemnity shall not relieve the Company of its obligations hereunder except to the extent such failure or delay shall have materially prejudiced the Company. The Company shall defend the claim and the
Trustee shall cooperate in the defense. The Trustee may have one separate counsel and the Company shall pay the reasonable fees and expenses of such counsel. The Company need not pay for any settlement made without its consent, which consent shall
not be unreasonably withheld. This indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee. The Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee
or by any officer, director, employee, shareholder or agent of the Trustee through the gross negligence or willful misconduct of any such persons as determined by a final order of a court of competent jurisdiction. When the Trustee incurs expenses
or renders services after an Event of Default specified in Section 6.01(d) or (e) occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any insolvency, bankruptcy or similar
law. The provisions of this Section shall survive the resignation or removal of the Trustee and the termination or discharge of this Indenture. 

Section 7.08 Replacement of Trustee. A resignation or removal of the Trustee and appointment of a successor Trustee
shall become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section. The Trustee may resign with respect to the Securities of one or more Series by so notifying the Company at least 30 days prior
to the date of the proposed resignation. The Holders of a majority in principal amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the Trustee and the Company. The Company may remove
the Trustee with respect to Securities of one or more Series if: 
 (a) the Trustee fails to comply with Section 7.10; 

(b) the Trustee is adjudged bankrupt or insolvent or an order for relief is entered with respect to the Trustee under any insolvency,
bankruptcy or similar law; 
 (c) a custodian or public officer takes charge of the Trustee or its property; or 

(d) the Trustee becomes incapable of acting. 

If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint a
successor Trustee. 
 If a successor Trustee with respect to the Securities of any one or more Series does not take office within 60
days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least a majority in principal amount of the Securities of the applicable Series may petition any court of competent jurisdiction for
the appointment of a successor Trustee. 

  
 27 

 A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee
and to the Company. Immediately after that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee subject to the lien provided for in Section 7.07, the resignation or removal of the retiring Trustee
shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee with respect to each Series of Securities for which it is acting as Trustee under this Indenture. A successor Trustee shall deliver a
notice of its succession to each Holder of each such Series. Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations under Section 7.07 hereof shall continue for the benefit of the retiring
Trustee with respect to expenses and liabilities incurred by it prior to the date of such replacement. 
 Section 7.09 Successor
Trustee by Merger, etc. If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business (including administration of this Indenture) to, another corporation, the
successor corporation without any further act shall be the successor Trustee. 
 Section 7.10 Eligibility;
Disqualification. This Indenture shall always have a Trustee who satisfies the requirements of TIA Section 310(a)(1), (2) and (5) and has a combined capital and surplus of at least $50,000,000. The Trustee shall comply
with TIA Section 310(b). 
 Section 7.11 Preferential Collection of Claims Against Company. The Trustee is
subject to TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated. 

ARTICLE VIII 

SATISFACTION AND DISCHARGE; DEFEASANCE 

Section 8.01 Satisfaction and Discharge of Indenture.

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

(a) any of the following shall have occurred: 

(i) no Securities have been issued hereunder; 

(ii) all Securities theretofore authenticated and delivered (other than Securities that have been destroyed, lost or stolen and that have been
replaced or paid) have been delivered to the Trustee for cancellation; or 
 (iii) all such Securities not theretofore delivered to the
Trustee for cancellation (1) have become due and payable, or (2) will become due and payable at their Stated Maturity within one year, or (3) 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; 

  
 28 

 and the Company has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust an
amount sufficient for the purpose of paying and discharging the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal and interest to the date of such deposit (in the case of Securities which
have become due and payable on or prior to the date of such deposit) or to the Stated Maturity or redemption date, as the case may be; 
 (b)
the Company has paid or caused to be paid all other sums payable hereunder by the Company; 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 7.07 and, if money shall
have been deposited with the Trustee pursuant to clause (a) of this Section, the provisions of Sections 2.04, 2.05, 2.07, 2.08, 8.01, 8.02 and 8.05 shall survive. 

Section 8.02 Application of Trust Funds; Indemnification.

(a) Subject to the provisions of Section 8.05, all money deposited with the Trustee pursuant to Section 8.01, all money and U.S.
Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant to Section 8.03 or 8.04 and all money received by the Trustee in respect of U.S. Government Obligations or Foreign Government Obligations deposited
with the Trustee pursuant to Section 8.03 or 8.04, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (other than the
Company acting as its own Paying Agent) as the Trustee may determine, to the persons entitled thereto, of the principal and interest for whose payment such money has been deposited with or received by the Trustee or analogous payments as
contemplated by Sections 8.03 or 8.04. 
 (b) The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against U.S. Government Obligations or Foreign Government Obligations deposited pursuant to Sections 8.03 or 8.04 or the interest and principal received in respect of such obligations other than any payable by or on
behalf of Holders. 
 (c) The Trustee shall deliver or pay to the Company from time to time upon Company Request any U.S. Government
Obligations or Foreign Government Obligations or money held by it as provided in Sections 8.03 or 8.04 which, in the opinion of a nationally recognized firm of independent certified public accountants expressed in a written certification
thereof delivered to the Trustee, are then in excess of the amount thereof which then would have been required to be deposited for the purpose for which such U.S. Government Obligations or Foreign Government Obligations or money were deposited or
received. This provision shall not authorize the sale by the Trustee of any U.S. Government Obligations or Foreign Government Obligations held under this Indenture. 

  
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 Section 8.03 Legal Defeasance of Securities of any Series. Unless this
Section 8.03 is otherwise specified, pursuant to Section 2.02(s), to be inapplicable to Securities of any Series, the Company shall be deemed to have paid and discharged the entire indebtedness on all the outstanding Securities of any
Series on the 91st day after the date of the deposit referred to in subparagraph (d) hereof, and the provisions of this Indenture, as it relates to such outstanding Securities of such Series, shall no longer be in effect (and the Trustee,
at the expense of the Company, shall, at Company Request, execute such instruments reasonably requested by the Company acknowledging the same), except as to: 

(a) the rights of Holders of Securities of such Series to receive, from the trust funds described in subparagraph (d) hereof,
(i) payment of the principal of and each installment of principal of and interest on the outstanding Securities of such Series on the Stated Maturity of such principal or installment of principal or interest, and (ii) the benefit of
any mandatory sinking fund payments applicable to the Securities of such Series on the day on which such payments are due and payable in accordance with the terms of this Indenture and the Securities of such Series; and 

(b) the provisions of Sections 2.04, 2.05, 2.07, 2.08, 8.02, 8.03 and 8.05; and 

(c) the rights, powers, trust and immunities of the Trustee hereunder; provided that, the following conditions shall have been satisfied: 

(d) with reference to this Section 8.03, the Company shall have deposited or caused to be irrevocably deposited (except as provided in
Section 8.02(c)) with the Trustee as trust funds in trust for the purpose of making the following payments, specifically pledged as security for and dedicated solely to the benefit of the Holders of such Securities (i) in the case of
Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government Obligations, or (ii) in the case of Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or
Foreign Government Obligations, which through the payment of interest and principal in respect thereof in accordance with their terms, will provide (and without reinvestment and assuming no tax liability will be imposed on such Trustee), not later
than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay
and discharge each installment of principal of and interest, if any, on and any mandatory sinking fund payments in respect of all the Securities of such Series on the dates such installments of interest or principal and such sinking fund
payments are due; 
 (e) such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other
agreement or instrument to which the Company is a party or by which it is bound; 
 (f) no Default or Event of Default with respect to the
Securities of such Series shall have occurred and be continuing on the date of such deposit or during the period ending on the 91st day after such date; 

  
 30 

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

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

(i) 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 the defeasance contemplated by this Section have been complied with; and 
 (j) such defeasance shall
not result in the trust arising from such deposit constituting an investment company within the meaning of the Investment Company Act of 1940, as amended, unless such trust shall be registered under such Act or exempt from registration thereunder.

 Section 8.04 Covenant Defeasance. Unless this Section 8.04 is otherwise specified, pursuant to
Section 2.02(s), to be inapplicable to Securities of any Series, on and after the 91st day after the date of the deposit referred to in subparagraph (a) hereof, the Company may omit to comply with respect to the Securities of any
Series with any term, provision or condition set forth under Sections 4.02, 4.03, and 5.01 as well as any additional covenants specified in a supplemental indenture for such Series of Securities or a Board Resolution or an
Officers’ Certificate delivered pursuant to Section 2.02 (and the failure to comply with any such covenants shall not constitute a Default or Event of Default with respect to such Series under Section 6.01) and the occurrence of
any event specified in a supplemental indenture for such Series of Securities or a Board Resolution or an Officers’ Certificate delivered pursuant to Section 2.02 and designated as an Event of Default shall not constitute a Default or
Event of Default hereunder, with respect to the Securities of such Series, provided that the following conditions shall have been satisfied: 

(a) with reference to this Section 8.04, the Company has deposited or caused to be irrevocably deposited (except as provided in
Section 8.02(c)) with the Trustee as trust funds in trust for the purpose of making the following payments specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities (i) in the case of
Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government Obligations, or (ii) in the case of Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or
Foreign Government Obligations, which through the payment of interest and principal in respect thereof in accordance with their terms, will provide (and without 

  
 31 

 
reinvestment and assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a
nationally recognized firm of independent certified public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal of and interest, if any, on and any mandatory sinking
fund payments in respect of the Securities of such Series on the dates such installments of interest or principal and such sinking fund payments are due; 

(b) such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other agreement or
instrument to which the Company is a party or by which it is bound; 
 (c) no Default or Event of Default with respect to the Securities of
such Series shall have occurred and be continuing on the date of such deposit or during the period ending on the 91st day after such date; 

(d) the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that Holders of the Securities of such Series will
not recognize income, gain or loss for federal income tax purposes as a result of such deposit and 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 deposit and covenant defeasance had not occurred; 
 (e) the Company shall have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the covenant defeasance contemplated by this Section have been complied with; and 

(f) Such defeasance shall not result in the trust arising from such deposit constituting an investment company within the meaning of the
Investment Company Act of 1940, as amended, unless such trust shall be registered under such Act or exempt from registration thereunder. 

Section 8.05 Repayment to Company. The Trustee and the Paying Agent shall pay to the Company upon written request any money
held by them for the payment of principal and interest that remains unclaimed for two years, and after such time, Holders entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law
designates another person. 
 Section 8.06 Reinstatement. If the Trustee or the Paying Agent is unable to apply any money
deposited with respect to Securities of any series in accordance with Section 8.01 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting
such application, the obligations of the Company under this Indenture with respect to the Securities of such series and under the Securities of such series shall be revived and reinstated as though no deposit had occurred pursuant to
Section 8.01 until such time as the Trustee or the Paying Agent is permitted to apply all such money in accordance with Section 8.01; provided, however, that if the Company has made any payment of principal of, premium (if any) or interest
on any Additional Amounts with respect to any Securities because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money held by the Trustee or
the Paying Agent. 

  
 32 

 ARTICLE IX 

AMENDMENTS AND WAIVERS 

Section 9.01 Without Consent of Holders. Unless otherwise specified for a particular Series by a Board Resolution, a
supplemental indenture or an Officers’ Certificate, the Company and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without the consent of any Holder: 

(a) to evidence the succession of another person to the Company under this Indenture and the Securities and the assumption by any such
Successor Person of the obligations of the Company hereunder and under the Securities; 
 (b) to add covenants of the Company for the benefit
of the Holders of all or any series of Securities (and if such covenants are to be for the benefit of less than all series of Securities, stating that such covenants are expressly being included for the benefit of such series) or to surrender any
right or power herein conferred upon the Company provided such action does not adversely affect the interests of the Holders; 
 (c) to add
any additional Events of Default; 
 (d) to add to or change any of the provisions of this Indenture to such extent as shall be necessary to
permit or facilitate the issuance of Securities in bearer form, registrable or not registrable as to principal, and with or without interest coupons, or to permit or facilitate the issuance of Securities in uncertificated form; 

(e) to add to, change or eliminate any of the provisions of this Indenture in respect of one or more series of Securities, provided that any
such addition, change or elimination (A) shall neither (i) apply to any Security of any series created prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor (ii) modify the rights of
the Holder of any such Security with respect to such provision or (B) shall become effective only when there is no such Security Outstanding; 

(f) to establish the forms or terms of the Securities of any series issued pursuant to the terms hereof; 

(g) to cure any ambiguity or correct any inconsistency in this Indenture; 

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

  
 33 

 (i) to qualify this Indenture under the Trust Indenture Act; 

(j) to provide for uncertificated securities in addition to certificated securities; 

(k) to supplement any provisions of this Indenture necessary to permit or facilitate the defeasance and discharge of any series of Securities,
provided that such action does not adversely affect the interests of the Holders of Securities of such series or any other series; 
 (l) to
conform the Indenture to any Description of Securities for a particular Series of Securities; and 
 (m) to comply with the rules or
regulations of any securities exchange or automated quotation system on which any of the Securities may be listed or traded. 

Section 9.02 With Consent of Holders. The Company and the Trustee may enter into a supplemental indenture with the
written consent of the Holders of at least a majority in principal amount of the outstanding Securities of each Series affected by such supplemental indenture (including consents obtained in connection with a tender offer or exchange offer for
the Securities of such Series), for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of
each such Series. Except as provided in Section 6.13, the Holders of at least a majority in principal amount of the outstanding Securities of any Series by notice to the Trustee (including consents obtained in connection with a tender
offer or exchange offer for the Securities of such Series) may waive compliance by the Company with any provision of this Indenture or the Securities with respect to such Series. It shall not be necessary for the consent of the Holders of Securities
under this Section 9.02 to approve the particular form of any proposed supplemental indenture or waiver, but it shall be sufficient if such consent approves the substance thereof. After a supplemental indenture or waiver under this section
becomes effective, the Company shall deliver to the Holders of Securities affected thereby a notice briefly describing the supplemental indenture or waiver. Any failure by the Company to deliver such notice, or any defect therein, shall not,
however, in any way impair or affect the validity of any such supplemental indenture or waiver. 
 Section 9.03
Limitations. Unless otherwise specified for a particular Series by a Board Resolution, a supplemental indenture or an Officers’ Certificate, without the consent of each Holder affected, an amendment or waiver may not: 

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

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

  
 34 

 (c) reduce the principal or change the Stated Maturity of any Security or reduce the amount of,
or postpone the date fixed for, the payment of any sinking fund or analogous obligation; 
 (d) reduce the principal amount of Discount
Securities payable upon acceleration of the maturity thereof; 
 (e) waive a Default or Event of Default in the payment of the principal of
or interest, if any, on any Security (except a rescission of acceleration of the Securities of any Series by the Holders of at least a majority in principal amount of the outstanding Securities of such Series and a waiver of the payment
default that resulted from such acceleration); 
 (f) make the principal of or interest, if any, on any Security payable in any currency
other than that stated in the Security; 
 (g) make any change in Sections 6.08, 6.13, or 9.03; or 

(h) waive a redemption payment with respect to any Security. 

Section 9.04 Compliance with Trust Indenture Act. Every amendment to this Indenture or the Securities of one or more
Series shall be set forth in a supplemental indenture hereto that complies with the TIA as then in effect. 
 Section 9.05
Revocation and Effect of Consents. Until an amendment is set forth in a supplemental indenture or a waiver becomes effective, a consent to it by a Holder of a Security is a continuing consent by the Holder and every subsequent Holder of a
Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. However, any such Holder or subsequent Holder may revoke the consent as to his
Security or portion of a Security if the Trustee receives the notice of revocation before the date of the supplemental indenture or the date the waiver becomes effective. Any amendment or waiver once effective shall bind every Holder of each
Series affected by such amendment or waiver unless it is of the type described in any of clauses (a) through (h) of Section 9.03. In that case, the amendment or waiver shall bind each Holder of a Security who has consented to it
and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security. 

Section 9.06 Notation on or Exchange of Securities. The Trustee may place an appropriate notation about an amendment or
waiver on any Security of any Series thereafter authenticated. The Company in exchange for Securities of that Series may issue and the Trustee shall authenticate upon request new Securities of that Series that reflect the amendment or
waiver. 
 Section 9.07 Trustee Protected. In executing, or accepting the additional trusts created by, any supplemental
indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall receive, in addition to the documents required by Section 10.04, and (subject to Section 7.01) shall be fully
protected in relying upon, an Opinion of 

  
 35 

 
Counsel stating that all conditions precedent in this Indenture to the execution of such supplemental indenture, if any, have been complied with, such supplemental indenture is authorized
hereunder, and, that such supplemental indenture is the valid and legally binding obligation of the Company. The Trustee shall sign all supplemental indentures, except that the Trustee need not sign any supplemental indenture that adversely affects
its rights. 
 ARTICLE X 

MISCELLANEOUS 

Section 10.01 Trust Indenture Act Controls. If any provision of this Indenture limits, qualifies or conflicts with another
provision which is required or deemed to be included in this Indenture by the TIA, such required or deemed provision shall control. 

Section 10.02 Notices.

(a) Any notice or communication by the Company or the Trustee to the other, or by a Holder to the Company or the Trustee, is duly given if in
writing and delivered in person or mailed by first-class mail or sent by telecopier transmission or electronic transmission in PDF addressed as follows: 

if to the Company: 
 Fluidigm
Corporation 
 7000 Shoreline Court, Suite 100 

South San Francisco, CA 94080 

Attention: Vikram Jog, Chief Financial Officer 

Telephone: (650) -26-6000 

if to the Trustee: 
 U.S. Bank
National Association 
 Global Corporate Trust Services 

633 West Fifth Street, 24th Floor 

Los Angeles, CA 90071 
 Attention:
Paula Oswald (Fluidigm Convertible Senior Notes due 2034) 
 Telephone: (213) 615-6043 

(b) The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications.
Any notice or communication to a Holder shall be delivered to his address shown on the register kept by the Registrar. Failure to deliver a notice or communication to a Holder of any Series or any defect in it shall not affect its sufficiency
with respect to other Holders of that or any other Series. If a notice or communication is delivered in the manner provided above, within the time prescribed, it is duly given, whether or not the Holder receives it. If the Company delivers a notice
or communication to Holders, it shall deliver a copy to the Trustee and each Agent at the same time. 

  
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 (c) Any notice or demand that by any provision of this Indenture is required or permitted to be
given or served by the Company may, at the Company’s written request received by the Trustee not fewer than five (5) Business Days prior (or such shorter period of time as may be acceptable to the Trustee) to the date on which such notice
must be given or served, be given or served by the Trustee in the name of and at the expense of the Company. 
 Section 10.03
Communication by Holders with Other Holders. Holders of any Series may communicate pursuant to TIA Section 312(b) with other Holders of that Series or any other Series with respect to their rights under this
Indenture or the Securities of that Series or all Series. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA Section 312(c). 

Section 10.04 Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Company to
the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee: 
 (a) an Officers’ Certificate stating
that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(b) an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 

Section 10.05 Statements Required in Certificate or Opinion. Each certificate or opinion with respect to compliance
with a condition or covenant provided for in this Indenture (other than a certificate provided pursuant to TIA Section 314(a)(4)) shall comply with the provisions of TIA Section 314(e) and shall include: 

(a) a statement that the person making such certificate or opinion has read such covenant or condition; 

(b) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such
certificate or opinion are based; 
 (c) a statement that, in the opinion of such person, he has made such examination or investigation as is
necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (d) a
statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with. 
 Section 10.06
Rules by Trustee and Agents. The Trustee may make reasonable rules for action by or a meeting of Holders of one or more Series. Any Agent may make reasonable rules and set reasonable requirements for its functions. 

  
 37 

 Section 10.07 Legal Holidays. Unless otherwise provided by Board
Resolution, Officers’ Certificate or supplemental indenture hereto for a particular Series, a “Legal Holiday” is any day that is not a Business Day. If a payment date is a Legal Holiday at a place of payment, payment may be
made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. 

Section 10.08 No Recourse Against Others. A director, officer, employee or stockholder, as such, of the Company shall
not have any liability for any obligations of the Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder by accepting a Security waives and releases all
such liability. The waiver and release are part of the consideration for the issue of the Securities. 
 Section 10.09
Counterparts. This Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in
lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

Section 10.10 Governing Laws. This Indenture and the Securities will be governed by, and construed in accordance with,
the internal laws of the State of New York. 
 Section 10.11 No Adverse Interpretation of Other Agreements. This
Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary of the Company. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

Section 10.12 Successors. All agreements of the Company in this Indenture and the Securities shall bind its successor.
All agreements of the Trustee in this Indenture shall bind its successor. 
 Section 10.13 Severability. In case any
provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 10.14 Table of Contents, Headings, Etc. The Table of Contents, Cross-Reference Table, and headings of the
Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof. 

Section 10.15 Securities in a Foreign Currency. Unless otherwise specified in a Board Resolution, a supplemental
indenture hereto or an Officers’ Certificate delivered pursuant to Section 2.02 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a
specified percentage in aggregate 

  
 38 

 
principal amount of Securities of all Series or all Series affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any
Series which are denominated in a coin or currency other than Dollars, then the principal amount of Securities of such Series which shall be deemed to be outstanding for the purpose of taking such action shall be that amount of Dollars
that could be obtained for such amount at the Market Exchange Rate at such time. For purposes of this Section 10.15, “Market Exchange Rate” shall mean the noon Dollar buying rate in New York City for cable transfers of that
currency as published by the Federal Reserve Bank of New York. If such Market Exchange Rate is not available for any reason with respect to such currency, the Company shall use, in its sole discretion and without liability on its part, such
quotation of the Federal Reserve Bank of New York as of the most recent available date, or quotations from one or more major banks in The City of New York or in the country of issue of the currency in question or such other quotations as the
Company, shall deem appropriate. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a Series denominated in currency other than Dollars in connection with any action taken by
Holders of Securities pursuant to the terms of this Indenture. All decisions and determinations of the Company regarding the Market Exchange Rate or any alternative determination provided for in the preceding paragraph shall be in its sole
discretion and shall, in the absence of manifest error, to the extent permitted by law, be conclusive for all purposes and irrevocably binding upon the Company, the Trustee and all Holders. The Trustee shall have no duty to calculate or verify the
calculations made pursuant to this Section 10.15. 
 Section 10.16 U.S.A. Patriot Act. The Company acknowledges that in
accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions, and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies
each person or legal entity that establishes a relationship or opens an account with the Trustee. The Company agrees that it will provide the Trustee with such information as it may reasonably request as required in order for the Trustee to satisfy
the requirements of the U.S.A. Patriot Act. 
 Section 10.17 Waiver of Jury Trial. EACH OF THE COMPANY AND THE
TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING AS BETWEEN THE COMPANY AND THE TRUSTEE ONLY ARISING OUT OF OR RELATING TO THIS INDENTURE OR THE
SECURITIES. 
 ARTICLE XI 

SINKING FUNDS 

Section 11.01 Applicability of Article. The provisions of this Article shall be applicable to any sinking fund for the
retirement of the Securities of a Series, except as otherwise permitted or required by any form of Security of such Series issued pursuant to this Indenture. The minimum amount of any sinking fund payment provided for by the terms of the
Securities of any Series is herein referred to as a “mandatory sinking fund payment” and any other amount provided for by the terms of Securities of such Series is herein referred to as an “optional sinking fund
payment.” If provided for by the terms of Securities of any Series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 11.02. Each sinking fund payment shall be applied to the redemption of
Securities of any Series as provided for by the terms of the Securities of such Series. 

  
 39 

 Section 11.02 Satisfaction of Sinking Fund Payments with Securities. The
Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made pursuant to the terms of such Securities (1) deliver outstanding Securities of such Series to which
such sinking fund payment is applicable (other than any of such Securities previously called for mandatory sinking fund redemption) and (2) apply as credit Securities of such Series to which such sinking fund payment is applicable and
which have been repurchased by the Company or redeemed either at the election of the Company pursuant to the terms of such Series of Securities (except pursuant to any mandatory sinking fund) or through the application of permitted optional
sinking fund payments or other optional redemptions pursuant to the terms of such Securities, provided that such Securities have not been previously so credited. Such Securities shall be received by the Trustee, together with an Officers’
Certificate with respect thereto, not later than 15 days prior to the date on which the Trustee begins the process of selecting Securities for redemption, and shall be credited for such purpose by the Trustee at the price specified in such
Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. If as a result of the delivery or credit of Securities in lieu of cash payments pursuant to this
Section 11.02, the principal amount of Securities of such Series to be redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not call Securities of such Series for redemption, except
upon receipt of a Company Order that such action be taken, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment, provided, however, that the Trustee or such Paying Agent shall
from time to time upon receipt of a Company Order pay over and deliver to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by the Company to the Trustee of Securities of that Series purchased by the
Company having an unpaid principal amount equal to the cash payment required to be released to the Company. 
 Section 11.03
Redemption of Securities for Sinking Fund. Not less than 45 days (unless otherwise indicated in the Board Resolution, supplemental indenture or Officers’ Certificate in respect of a particular Series of Securities) prior to each
sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that Series pursuant to the terms of
that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting of Securities of that Series pursuant to Section 11.02, and the
optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the Company shall thereupon be obligated to pay the amount therein specified. Not less than 30 days (unless otherwise indicated in the Board
Resolution, Officers’ Certificate or supplemental indenture in respect of a particular Series of Securities) before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment
date in the manner specified in Section 3.02 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 3.03. Such notice having been duly given, the redemption
of such Securities shall be made upon the terms and in the manner stated in Sections 3.04, 3.05 and 3.06. 
 [Remainder of page
intentionally left blank] 

  
 40 

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

			
	FLUIDIGM CORPORATION
		
	By:	 	  

 
			
	Name:	 	Vikram Jog
	Title:	 	Chief Financial Officer
	
	 U.S. BANK NATIONAL ASSOCIATION
 as
Trustee

 
			
		
	By:	 	  

 
			
	Name:	 	Paula Oswald
	Title:	 	Vice President

 [Signature Page to Indenture]

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