Document:

ex_206177.htm

Exhibit 10.01

 

SECURITIES PURCHASE AGREEMENT

 

This SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of September 30, 2020, by and between MITESCO INC. (FKA TRUE NATURE HOLDING, INC.), a Delaware corporation, with headquarters located at 1355 Peachtree Street, Suite 1150, Atlanta, Georgia 30309 (the “Company”), and EAGLE EQUITIES, LLC, a Nevada limited liability company, with its address at 390 Whalley Avenue, New Haven, CT 06511 (the “Buyer”).

 

WHEREAS:

 

A.     The Company and the Buyer are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by the rules and regulations as promulgated by the United States Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “1933 Act”);

 

B.     Buyer desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement a 12% convertible note of the Company, in the form attached hereto as Exhibit A in the aggregate principal amount of $114,400.00 (together with any note(s) issued in replacement thereof or as a dividend thereon or otherwise with respect thereto in accordance with the terms thereof, the “Note”), convertible into shares of common stock, of the Company (the “Common Stock”), upon the terms and subject to the limitations and conditions set forth in such Note. The Note shall contain and original issue discount (OID) of $10,400.00 such that the purchase price shall be $104,000.00. The Note shall be paid for by the Buyer as set forth herein.

 

C.     The Buyer wishes to purchase, upon the terms and conditions stated in this Agreement, such principal amount of Note as is set forth immediately below its name on the signature pages hereto; and

 

NOW THEREFORE, the Company and the Buyer severally (and not jointly) hereby agree as follows:

 

1.     Purchase and Sale of Note.

 

a.     Purchase of Note. On each Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer’s name on the signature pages hereto.

 

             

Company Initials

 

 

 

b.     Form of Payment. On the Closing Date (as defined below), the Buyer shall pay the purchase price for the Note to be issued and sold to it at the Closing (as defined below) (the “Purchase Price”) by wire transfer of immediately available funds to the Company, in accordance with the Company’s written wiring instructions, against delivery of the Note in the principal amount equal to the Purchase Price as is set forth immediately below the Buyer’s name on the signature pages hereto, and  the Company shall deliver such duly executed Note on behalf of the Company, to the Buyer, against delivery of such Purchase Price.

 

c.     Closing Date. The date and time of the first issuance and sale of the Note pursuant to this Agreement (the “Closing Date”) shall be on or about September 30, 2020, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the “Closing”) shall occur on the Closing Date at such location as may be agreed to by the parties. 

 

2.     Buyer’s Representations and Warranties. The Buyer represents and warrants to the Company that:

 

a.     Investment Purpose. As of the date hereof, the Buyer is purchasing the Note and the shares of Common Stock issuable upon conversion of or otherwise pursuant to the Note, such shares of Common Stock being collectively referred to herein as the “Conversion Shares” and, collectively with the Note, the “Securities”) for its own account and not with a present view towards the public sale or distribution thereof, except pursuant to sales registered or exempted from registration under the 1933 Act; provided, however, that by making the representations herein, the Buyer does not agree to hold any of the Securities for any minimum or other specific term and reserves the right to dispose of the Securities at any time in accordance with or pursuant to a registration statement or an exemption under the 1933 Act.

 

b.     Accredited Investor Status. The Buyer is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D (an “Accredited Investor”). Any of Buyer’s transferees, assignees, or purchasers must be “accredited investors” in order to qualify as prospective transferees, permitted assignees in the case of Buyer’s or Holder’s transfer, assignment or sale of the Note.

 

c.     Reliance on Exemptions. The Buyer understands that the Securities are being offered and sold to it in reliance upon specific exemptions from the registration requirements of United States federal and state securities laws and that the Company is relying upon the truth and accuracy of, and the Buyer’s compliance with, the representations, warranties, agreements, acknowledgments and understandings of the Buyer set forth herein in order to determine the availability of such exemptions and the eligibility of the Buyer to acquire the Securities.

 

d.     Information. The Buyer and its advisors, if any, have been, and for so long as the Note remain outstanding will continue to be, furnished with all materials relating to the business, finances and operations of the Company and materials relating to the offer and sale of the Securities which have been requested by the Buyer or its advisors. The Buyer and its advisors,

 

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if any, have been, and for so long as the Note remain outstanding will continue to be, afforded the opportunity to ask questions of the Company. Notwithstanding the foregoing, the Company has not disclosed to the Buyer any material nonpublic information and will not disclose such information unless such information is disclosed to the public prior to or promptly following such disclosure to the Buyer. Neither such inquiries nor any other due diligence investigation conducted by Buyer or any of its advisors or representatives shall modify, amend or affect Buyer’s right to rely on the Company’s representations and warranties contained in Section 3 below. The Buyer understands that its investment in the Securities involves a significant degree of risk. The Buyer is not aware of any facts that may constitute a breach of any of the Company's representations and warranties made herein.

 

e.     Governmental Review. The Buyer understands that no United States federal or state agency or any other government or governmental agency has passed upon or made any recommendation or endorsement of the Securities.

 

f.     Transfer or Re-sale. The Buyer understands that the sale or re-sale of the Securities has not been and is not being registered under the 1933 Act or any applicable state securities laws, and the Securities may not be transferred unless  the Securities are sold pursuant to an effective registration statement under the 1933 Act,  in the case of subparagraphs (c), (d) and (e) below, the Buyer shall have delivered to the Company, at the cost of the Buyer, an opinion of counsel that shall be in form, substance and scope customary for opinions of counsel in comparable transactions to the effect that the Securities to be sold or transferred may be sold, or transferred pursuant to an exemption from such registration, including the removal of any restrictive legend which opinion shall be accepted by the Company,  the Securities are sold or transferred to an “affiliate” (as defined in Rule 144 promulgated under the 1933 Act (or a successor rule) (“Rule 144”) of the Buyer who agrees to sell or otherwise transfer the Securities only in accordance with this Section 2(f) and who is an Accredited Investor,  the Securities are sold pursuant to Rule 144, or  the Securities are sold pursuant to Regulation S under the 1933 Act (or a successor rule) (“Regulation S”); (ii) any sale of such Securities made in reliance on Rule 144 may be made only in accordance with the terms of said Rule and further, if said Rule is not applicable, any re-sale of such Securities under circumstances in which the seller (or the person through whom the sale is made) may be deemed to be an underwriter (as that term is defined in the 1933 Act) may require compliance with some other exemption under the 1933 Act or the rules and regulations of the SEC thereunder; and (iii) neither the Company nor any other person is under any obligation to register such Securities under the 1933 Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder (in each case). Notwithstanding the foregoing or anything else contained herein to the contrary, the Securities may be pledged as collateral in connection with a bona fide margin account or other lending arrangement.

 

g.     Legends. The Buyer understands that the Note and, until such time as the Conversion Shares have been registered under the 1933 Act will be sold pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a particular date that can then be immediately sold, the Conversion Shares may bear a restrictive legend in substantially the following form (and a stop-transfer order may be placed against transfer of the certificates for such Securities):

 

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“NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

 

The legend set forth above shall be removed and the Company shall issue a certificate without such legend to the holder of any Security upon which it is stamped, if, unless otherwise required by applicable state securities laws, (a) such Security is registered for sale under an effective registration statement filed under the 1933 Act or otherwise may be sold pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a particular date that can then be immediately sold, and (b) such holder provides the Company with an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable transactions, to the effect that a public sale or transfer of such Security may be made without registration under the 1933 Act, and that legend removal is appropriate, which opinion shall be accepted by the Company so that the sale or transfer is effected. The Buyer agrees to sell all Securities, including those represented by a certificate(s) from which the legend has been removed, in compliance with applicable prospectus delivery requirements, if any. In the event that the Company does not accept the opinion of counsel provided by the Buyer with respect to the transfer of Securities pursuant to an exemption from registration, such as Rule 144 or Regulation S, within 2 business days, it will be considered an Event of Default under the Note.

 

h.     Authorization; Enforcement. This Agreement has been duly and validly authorized. This Agreement has been duly executed and delivered on behalf of the Buyer, and this Agreement constitutes a valid and binding agreement of the Buyer enforceable in accordance with its terms.

 

i.      Residency. The Buyer is a resident of the jurisdiction set forth immediately below the Buyer’s name on the signature pages hereto.

 

 

j.      No Short Sales. Buyer/Holder, its successors and assigns, agrees that so long as the Note remains outstanding, neither the Buyer/Holder nor any of its affiliates shall enter

 

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into or effect any “short sales” of the Common Stock or hedging transaction which establishes a short position with respect to the Common Stock of the Company. The Company acknowledges and agrees that upon delivery of a Conversion Notice by the Buyer/Holder, the Buyer/Holder immediately owns the shares of Common Stock described in the Conversion Notice and any sale of those shares issuable under such Conversion Notice would not be considered short sales.

 

3.     Representations and Warranties of the Company. The Company represents and warrants to the Buyer that:

 

a.      Organization and Qualification. The Company and each of its subsidiaries, if any, is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is incorporated, with full power and authority (corporate and other) to own, lease, use and operate its properties and to carry on its business as and where now owned, leased, used, operated and conducted.

 

b.      Authorization; Enforcement. (i) The Company has all requisite corporate power and authority to enter into and perform this Agreement, the Note and to consummate the transactions contemplated hereby and thereby and to issue the Securities, in accordance with the terms hereof and thereof, (ii) the execution and delivery of this Agreement, the Note by the Company and the consummation by it of the transactions contemplated hereby and thereby (including without limitation, the issuance of the Note and the issuance and reservation for issuance of the Conversion Shares issuable upon conversion or exercise thereof) have been duly authorized by the Company’s Board of Directors and no further consent or authorization of the Company, its Board of Directors, or its shareholders is required, (iii) this Agreement has been duly executed and delivered by the Company by its authorized representative, and such authorized representative is the true and official representative with authority to sign this Agreement and the other documents executed in connection herewith and bind the Company accordingly, and (iv) this Agreement constitutes, and upon execution and delivery by the Company of the Note, each of such instruments will constitute, a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms.

 

c.      Issuance of Shares. The Conversion Shares are duly authorized and reserved for issuance and, upon conversion of the Note in accordance with its respective terms, will be validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Company and will not impose personal liability upon the holder thereof.

 

d.     Acknowledgment of Dilution. The Company understands and acknowledges the potentially dilutive effect to the Common Stock upon the issuance of the Conversion Shares upon conversion of the Note. The Company further acknowledges that its obligation to issue Conversion Shares upon conversion of the Note in accordance with this Agreement, the Note is absolute and unconditional regardless of the dilutive effect that such issuance may have on the ownership interests of other shareholders of the Company.

 

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e.     No Conflicts. The execution, delivery and performance of this Agreement, the Note by the Company and the consummation by the Company of the transactions contemplated hereby and thereby (including, without limitation, the issuance and reservation for issuance of the Conversion Shares) will not (i) conflict with or result in a violation of any provision of the Certificate of Incorporation or By-laws, or (ii) violate or conflict with, or result in a breach of any provision of, or constitute a default (or an event which with notice or lapse of time or both could become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture, patent, patent license or instrument to which the Company or any of its Subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities laws and regulations and regulations of any self-regulatory organizations to which the Company or its securities are subject) applicable to the Company or any of its Subsidiaries or by which any property or asset of the Company or any of its Subsidiaries is bound or affected (except for such conflicts, defaults, terminations, amendments, accelerations, cancellations and violations as would not, individually or in the aggregate, have a Material Adverse Effect). All consents, authorizations, orders, filings and registrations which the Company is required to obtain pursuant to the preceding sentence have been obtained or effected on or prior to the date hereof. The Company is not in violation of the listing requirements of the OTC Markets Exchange (the “OTC MARKETS”) and does not reasonably anticipate that the Common Stock will be delisted by the OTC MARKETS in the foreseeable future, nor are the Company’s securities “chilled” by FINRA. The Company and its Subsidiaries are unaware of any facts or circumstances which might give rise to any of the foregoing.

 

f.     Absence of Litigation. Except as disclosed in the Company’s Periodic Report filings with the SEC, there is no action, suit, claim, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the Company or any of its subsidiaries, threatened against or affecting the Company or any of its subsidiaries, or their officers or directors in their capacity as such, that could have a material adverse effect. Schedule 3(f) contains a complete list and summary description of any pending or, to the knowledge of the Company, threatened proceeding against or affecting the Company or any of its subsidiaries, without regard to whether it would have a material adverse effect. The Company and its subsidiaries are unaware of any facts or circumstances which might give rise to any of the foregoing.

 

g.     Acknowledgment Regarding Buyer’ Purchase of Securities. The Company acknowledges and agrees that the Buyer is acting solely in the capacity of arm’s length purchasers with respect to this Agreement and the transactions contemplated hereby. The Company further acknowledges that the Buyer is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to this Agreement and the transactions contemplated hereby and any statement made by the Buyer or any of its respective representatives or agents in connection with this Agreement and the transactions contemplated hereby is not advice or a recommendation and is merely incidental to the Buyer’ purchase of the Securities. The Company further represents to the Buyer that the Company’s decision to enter into this Agreement has been based solely on the independent evaluation of the Company and its representatives.

 

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h.     No Integrated Offering. Neither the Company, nor any of its affiliates, nor any person acting on its or their behalf, has directly or indirectly made any offers or sales in any security or solicited any offers to buy any security under circumstances that would require registration under the 1933 Act of the issuance of the Securities to the Buyer.

 

i.     Title to Property. The Company and its subsidiaries have good and marketable title in fee simple to all real property and good and marketable title to all personal property owned by them which is material to the business of the Company and its subsidiaries, in each case free and clear of all liens, encumbrances and defects except such as are described in Schedule 3(i) or such as would not have a material adverse effect. Any real property and facilities held under lease by the Company and its subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as would not have a material adverse effect.

 

j.     Bad Actor. No officer or director of the Company would be disqualified under Rule 506(d) of the Securities Act as amended on the basis of being a "bad actor" as that term is established in the September 19, 2013 Small Entity Compliance Guide published by the Securities and Exchange Commission.

 

k.     Breach of Representations and Warranties by the Company. If the Company breaches any of the representations or warranties set forth in this Section 3, and in addition to any other remedies available to the Buyer pursuant to this Agreement, it will be considered an Event of default under the Note.

 

4.     COVENANTS.

 

a.     Expenses. At the Closing, the Company shall reimburse Buyer for expenses incurred by them in connection with the negotiation, preparation, execution, delivery and performance of this Agreement and the other agreements to be executed in connection herewith (“Documents”), including, without limitation, reasonable attorneys’ and consultants’ fees and expenses, transfer agent fees, fees for stock quotation services, fees relating to any amendments or modifications of the Documents or any consents or waivers of provisions in the Documents, fees for the preparation of opinions of counsel, escrow fees, and costs of restructuring the transactions contemplated by the Documents. When possible, the Company must pay these fees directly, otherwise the Company must make immediate payment for reimbursement to the Buyer for all fees and expenses immediately upon written notice by the Buyer or the submission of an invoice by the Buyer.

 

b.     Listing. The Company shall promptly secure the listing of the Conversion Shares upon each national securities exchange or automated quotation system, if any, upon which shares of Common Stock are then listed (subject to official notice of issuance) and, so long as the Buyer owns any of the Note Securities, shall maintain, so long as any other shares of Common Stock shall be so listed, such listing of all Conversion Shares from time to time issuable upon conversion of the Note. The Company will obtain and, so long as the Buyer owns any of the Securities, maintain the listing and trading of its Common Stock on the OTC MARKETS or any

 

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equivalent replacement market, the Nasdaq stock market (“Nasdaq”), or the New York Stock Exchange (“NYSE”), and will comply in all respects with the Company’s reporting, filing and other obligations under the bylaws or rules of the Financial Industry Regulatory Authority (“FINRA”) and such exchanges, as applicable. The Company shall promptly provide to the Buyer copies of any notices it receives from the OTC MARKETS and any other markets on which the Common Stock is then listed regarding the continued eligibility of the Common Stock for listing on such markets.

 

c.     Corporate Existence. So long as the Buyer beneficially owns the Note, the Company shall maintain its corporate existence and shall not sell all or substantially all of the Company’s assets, except in the event of a merger or consolidation or sale of all or substantially all of the Company’s assets, where the surviving or successor entity in such transaction (i) assumes the Company’s obligations hereunder and under the agreements and instruments entered into in connection herewith and (ii) is a publicly traded corporation whose Common Stock is listed for trading on the OTC MARKETS, Nasdaq or NYSE.

 

d.     No Integration. The Company shall not make any offers or sales of any security (other than the Securities) under circumstances that would require registration of the Securities being offered or sold hereunder under the 1933 Act or cause the offering of the Securities to be integrated with any other offering of securities by the Company for the purpose of any stockholder approval provision applicable to the Company or its securities.

 

 

e.     Lockout Agreement.  The Company will refrain from entering into any other variable debt/financing instrument for 30 days from the date of funding unless that financing/Funding instrument is for more than $500,000.00.

 

f.     Right of First Refusal.  The Company agrees to grant Eagle Equities, LLC the exclusive “right of first refusal” on any variable debt/financing instrument opportunities for 60 days from the date of funding. The terms of such funding opportunity shall be provided to the Buyer in writing, whereby the Buyer shall have the exclusive option to either fund on those terms or allow the Company to accept the terms from another party. Eagle Equities, LLC must accept or reject the proposed term sheet within 48 business hours, and it will not be unreasonably be withheld.

 

g.     Filings. The Company shall include the Note in its next scheduled SEC filing whether that shall be a 10Q or a10K

 

h.     Breach of Covenants. If the Company breaches any of the covenants set forth in this Section 4, and in addition to any other remedies available to the Buyer pursuant to this Agreement, the conversion discount shall increase by 10% and it will be considered an event of default under the Note.

 

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5.     Governing Law; Miscellaneous.

 

a.     Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada without regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought only in the state courts of New York or in the federal courts located in the state and county of New York. The parties to this Agreement hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The Company and Buyer waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs. In the event that any provision of this Agreement or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in connection with this Agreement or any other Transaction Document by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

b.     Counterparts; Signatures by Facsimile. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which shall constitute one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party. This Agreement, once executed by a party, may be delivered to the other party hereto by facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement.

 

c.     Headings. The headings of this Agreement are for convenience of reference only and shall not form part of, or affect the interpretation of, this Agreement.

 

d.     Severability. In the event that any provision of this Agreement is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any provision hereof which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision hereof.

 

e.     Entire Agreement; Amendments. This Agreement and the instruments referenced herein contain the entire understanding of the parties with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither the Company nor the Buyer makes any representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement may be waived or amended other than by an instrument in writing signed by the majority in interest of the Buyer.

 

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f.     Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, (iv) via electronic mail or (v) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice is to be received) or delivery via electronic mail, or the first business day following such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for such communications shall be:

 

 

If to the Company, to:

MITESCO INC.

1355 Peachtree Street, Suite 1150

Atlanta, Georgia 30309

Attn: Lawrence Diamond, CEO

 

 

  If to the Buyer:

EAGLE EQUITIES, LLC

390 Whalley Avenue

New Haven, CT 06511

Attn: Yakov Borenstein

 

 

Each party shall provide notice to the other party of any change in address.

 

g.     Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns. Neither the Company nor the Buyer shall assign this Agreement or any rights or obligations hereunder without the prior written consent of the other. Notwithstanding the foregoing, the Buyer may assign its rights hereunder to any “qualified person”, any “permitted assigns”, or “prospective transferee” that acquires or purchases Note Securities in a private transaction from the Buyer or to any of its “affiliates,” as that term is defined under the 1934 Act, without the consent of the Company with Buyer’s Opinion of Counsel. A qualified person is an “accredited investor” transferee, assignee, or purchaser of the Note who succeeds to the Holder’s right, title and interest to all or a portion of the Note accompanied with an Opinion of Counsel as provided for in Section 2(f).

 

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h.     Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

 

i.     Survival. The representations and warranties of the Company and the agreements and covenants set forth in this Agreement shall survive the closing hereunder notwithstanding any due diligence investigation conducted by or on behalf of the Buyer. The Company agrees to indemnify and hold harmless the Buyer and all their officers, directors, employees and agents for loss or damage arising as a result of or related to any breach or alleged breach by the Company of any of its representations, warranties and covenants set forth in this Agreement or any of its covenants and obligations under this Agreement, including advancement of expenses as they are incurred.

 

j.     Further Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

 

k.     No Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rules of strict construction will be applied against any party.

 

l.     Remedies. The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Buyer by vitiating the intent and purpose of the transaction contemplated hereby. Accordingly, the Company acknowledges that the remedy at law for a breach of its obligations under this Agreement will be inadequate and agrees, in the event of a breach or threatened breach by the Company of the provisions of this Agreement, that the Buyer shall be entitled, in addition to all other available remedies at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any breach of this Agreement and to enforce specifically the terms and provisions hereof, without the necessity of showing economic loss and without any bond or other security being required.

 

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 IN WITNESS WHEREOF, the undersigned Buyer and the Company have caused this Agreement to be duly executed as of the date first above written.

 

 

 

By:________________________________

Name:      Lawrence Diamond, CEO

 

 

EAGLE EQUITIES, LLC

 

By:________________________________

Name: Yakov Borenstein

Title: Manager

 

 

 

	
			AGGREGATE SUBSCRIPTION AMOUNT:

				$114,400.00	
			 

			
	 	 	 
	
			Principal Amount of Note:

				$114,400.00	
			 

			
	 	 	 
	
			Aggregate Purchase Price:

				$104,000.00	
			 

			

 

Note: $114,400.00, less $10,400.00 in OID and less $4,000.00 in legal fees.

 

 

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EXHIBIT A

144 NOTE - $114,400.00Exhibit 4.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIRST
MID BANCSHARES, INC.

 

TO

 

U.S.
Bank National Association, as Trustee

 

 

INDENTURE

 

Dated
as of October 6, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     

     

    

 

 

FIRST MID BANCSHARES, INC.

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

Indenture, dated as of October 6, 2020

 

	Trust Indenture

Act Section	 	Indenture

Sections
	§ 310(a)(1)	 	609
	(a)(2)	 	609
	(a)(3)	 	Not Applicable     
	(a)(4)	 	Not Applicable
	(a)(5)	 	609
	(b)	 	608
	 	 	610
	§ 311(a)	 	613(a)
	(b)	 	613(b)
	(b)(2)	 	703(a)(2)
	 	 	703(b)
	§ 312(a)	 	701
	 	 	702(a)
	(b)	 	702(b)
	(c)	 	702(c)
	§ 313(a)	 	703(a)
	(b)	 	703(b)
	(c)	 	703(a), 703(b)
	(d)	 	703(c)
	§ 314(a)	 	704, 1004
	(b)	 	Not Applicable
	(c)(1)	 	102
	(c)(2)	 	102
	(c)(3)	 	Not Applicable
	(d)	 	Not Applicable
	(e)	 	102
	§ 315(a)	 	601(a)
	(b)	 	602
	 	 	703(a)(7)
	(c)	 	601(b)
	(d)	 	601(c)
	(d)(l)	 	601(a)(1)
	(d)(2)	 	601(c)(2)
	(d)(3)	 	601(c)(3)
	(e)	 	514
	§ 316(a)	 	101
	(a)(1)(A)	 	502
	 	 	512
	(a)(1)(B)	 	513
	(a)(2)	 	Not Applicable
	(b)	 	508
	(c)	 	104(e)
	§ 317(a)(l)	 	503
	(a)(2)	 	504
	(b)	 	1003
	§ 318(a)	 	107

 

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

 

     

     

    

 

TABLE OF CONTENTS

 

	 	Page
	ARTICLE One 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

 1
	Section 101.   Definitions	1
	Section 102.   Compliance Certificates and Opinions	8
	Section 103.   Form of Documents Delivered to Trustee	9
	Section 104.   Acts of Holders	9
	Section 105.   Notices, Etc	10
	Section 106.   Notice to Holders; Waiver	11
	Section 107.   Conflict With Trust Indenture Act	12
	Section 108.   Effect of Headings and Table of Contents	12
	Section 109.   Successors and Assigns	12
	Section 110.   Separability Clause	12
	Section 111.   Benefits of Indenture	12
	Section 112.   Governing Law	12
	Section 113.   Legal Holidays	12
	Section 114.   Rules by Trustee and Agents	13
	Section 115.   No Recourse Against Others	13
	Section 116.   Waiver of Jury Trial	13
	Section 117.   Certain Anti-Money Laundering Matters	13
	Section 118.   Force Majeure	13
	Section 119.   Certain Tax Matters	13
	ARTICLE Two 

SECURITY FORMS

 14
	Section 201.   Forms Generally	14
	Section 202.   Form of Trustee’s Certificate of Authentication	14
	ARTICLE Three 

THE SECURITIES 

14
	Section 301.   Amount Unlimited; Issuable in Series	14
	Section 302.   Denominations	18
	Section 303.   Execution, Authentication, Delivery and Dating	18
	Section 304.   Temporary Securities	19
	Section 305.   Registration, Registration of Transfer and Exchange	20
	Section 306.   Mutilated, Destroyed, Lost and Stolen Securities	21
	Section 307.   Payment of Interest; Interest Rights Preserved	21
	Section 308.   Persons Deemed Owners	23
	Section 309.   Cancellation	23
	Section 310.   Computation of Interest	23
	Section 311.   Global Securities; Exchanges; Registration and Registration of Transfer	23

 

    	 	- i -	 

     

    

 

TABLE OF CONTENTS

(continued)

 

	 	Page
	Section 312.   Extension of Interest Payment	24
	ARTICLE Four 

SATISFACTION AND DISCHARGE; DEFEASANCE 

25
	Section 401.   Termination of Company’s Obligations	25
	Section 402.   Defeasance and Discharge of Indenture	26
	Section 403.   Defeasance of Certain Obligations	27
	Section 404.   Conditions to Defeasance	27
	Section 405.   Application of Trust Money	28
	Section 406.   Reinstatement	29
	ARTICLE Five 

REMEDIES 

29
	Section 501.   Events of Default	29
	Section 502.   Acceleration of Maturity; Rescission and Annulment	31
	Section 503.   Collection of Indebtedness and Suits for Enforcement by Trustee	32
	Section 504.   Trustee May File Proofs of Claim	32
	Section 505.   Trustee May Enforce Claims Without Possession of Securities or Coupons	33
	Section 506.   Application of Money Collected	33
	Section 507.   Limitation on Suits	33
	Section 508.   Unconditional Right of Holders to Receive Principal, Premium and Interest	34
	Section 509.   Restoration of Rights and Remedies	34
	Section 510.   Rights and Remedies Cumulative	34
	Section 511.   Delay or Omission Not Waiver	34
	Section 512.   Control by Holders	35
	Section 513.   Waiver of Past Defaults	35
	Section 514.   Undertaking for Costs	35
	Section 515.   Waiver of Stay or Extension Laws	36
	ARTICLE Six 

THE TRUSTEE 

36
	Section 601.   Certain Duties and Responsibilities	36
	Section 602.   Notice of Defaults	37
	Section 603.   Certain Rights of Trustee	37
	Section 604.   Not Responsible for Recitals or Issuance of Securities	39
	Section 605.   May Hold Securities	39
	Section 606.   Money Held in Trust	39
	Section 607.   Compensation and Reimbursement	39

 

    	 	- ii -	 

     

    

 

TABLE OF CONTENTS

(continued)

 

	 	Page
	Section 608.   Disqualification; Conflicting Interests	40
	Section 609.   Corporate Trustee Required; Eligibility	40
	Section 610.   Resignation and Removal; Appointment of Successor	40
	Section 611.   Acceptance of Appointment by Successor	42
	Section 612.   Merger, Conversion, Consolidation or Succession to Business	43
	Section 613.   Preferential Collection of Claims Against Company	43
	Section 614.   Appointment of Authenticating Agent	43
	ARTICLE Seven 

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 

45
	Section 701.   Company to Furnish Trustee Names and Addresses of Holders	45
	Section 702.   Preservation of Information; Communications to Holders	46
	Section 703.   Reports by Trustee	47
	Section 704.   Reports by Company	47
	ARTICLE Eight 

CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER 

47
	Section 801.   Company May Consolidate, Etc	48
	Section 802.   Successor Substituted for the Company	48
	ARTICLE Nine 

SUPPLEMENTAL INDENTURES 

49
	Section 901.   Supplemental Indentures Without Consent of Holders	49
	Section 902.   Supplemental Indentures With Consent of Holders	51
	Section 903.   Execution of Supplemental Indentures	52
	Section 904.   Effect of Supplemental Indentures	52
	Section 905.   Conformity With Trust Indenture Act	52
	Section 906.   Reference in Securities to Supplemental Indentures	52
	Section 907.   Revocation and Effect of Consents	53
	Section 908.   Modification Without Supplemental Indenture	53
	ARTICLE Ten 

COVENANTS 

53
	Section 1001.   Payment of Principal, Premium and Interest	53
	Section 1002.   Maintenance of Office or Agency	54
	Section 1003.   Money for Securities Payments to Be Held in Trust	55
	Section 1004.   Statement as to Compliance	56
	Section 1005.   Corporate Existence	56
	Section 1006.   Waiver of Certain Covenants	56

 

    	 	- iii -	 

     

    

 

TABLE OF CONTENTS

(continued)

 

	 	Page
	ARTICLE Eleven 

REDEMPTION OF SECURITIES 

57
	Section 1101.   Applicability of Article	57
	Section 1102.   Election to Redeem; Notice to Trustee	57
	Section 1103.   Selection by Trustee of Securities to Be Redeemed	57
	Section 1104.   Notice of Redemption	58
	Section 1105.   Securities Payable on Redemption Date	59
	Section 1106.   Securities Redeemed in Part	59
	ARTICLE Twelve 

REPAYMENT OF SECURITIES AT OPTION OF HOLDERS 

60
	Section 1201.   Applicability of Article	60
	Section 1202.   Notice of Repayment Date	60
	Section 1203.   Securities Payable on Repayment Date	61
	Section 1204.   Securities Repaid in Part	61

 

 

 

 

 

 

 

    	 	- iv -	 

     

    

 

INDENTURE, dated as
of October 6, 2020, between First Mid Bancshares, Inc., a corporation duly organized and existing under the laws of Delaware (herein
called the “Company”), having its principal office at 1421 Charleston Avenue, Mattoon, Illinois 61938,
and U.S. Bank National Association, a national banking association duly organized and existing under the laws of the United States
of America, as Trustee (herein called the “Trustee”).

 

RECITALS OF THE COMPANY

 

The Company has duly
authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its unsecured debentures,
notes or other evidences of indebtedness (each herein called a “Security” or, collectively, the “Securities”),
in an unlimited aggregate principal amount to be issued in one or more series as in this Indenture provided.

 

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

 

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

 

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

 

ARTICLE
One

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

 

Section
101.         
Definitions. For all purposes of this Indenture, except as otherwise expressly provided or
unless the context otherwise requires;

 

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

 

(b)              
all other terms used herein that are defined in the Trust Indenture Act, either directly or by reference therein, have the
meanings assigned to them therein;

 

(c)              
all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted
accounting principles, and, except as otherwise herein expressly provided, the term “generally accepted accounting principles”
with respect to any computation required or permitted hereunder shall mean such accounting principles as are generally accepted
in the United States at the date of such computation or, at the election of the Company from time to time, at the date of the execution
and delivery of this Indenture;

 

(d)              
the word “or” is not exclusive; and

 

(e)              
the words “herein”, “hereof” and “hereunder” and other words of similar import refer
to this Indenture as a whole and not to any particular Article, Section or other subdivision.

 

Certain terms, used
principally in Article Six, are defined in that Article.

 

     

     

    

 

“Act”,
when used with respect to any Holder, has the meaning specified in Section 104.

 

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

 

“Authenticating
Agent” means any Person authorized by the Trustee to act on behalf of the Trustee to authenticate Securities.

 

“Authorized
Newspaper” means a newspaper in an official language of the country of publication or in the English language, customarily
published on each Business Day, whether or not published on Saturdays, Sundays or holidays, and of general circulation in the place
in connection with which the term is used. Whenever successive publications are required to be made in Authorized Newspapers, the
successive publications may be made in the same or in different newspapers in the same city meeting the foregoing requirements
and in each case on any Business Day. If it shall be impossible or impractical to make any publication of any notice required by
this Indenture in the manner herein provided, any publication or other notice in lieu thereof that is made or given by the Trustee
shall constitute a sufficient publication of such notice.

 

“Authorized
Officer” means any person (whether designated by name or the persons for the time being holding a designated office)
appointed by or pursuant to a Board Resolution for the purpose, or a particular purpose, of this Indenture, provided that
written notice of such appointment shall have been given to the Trustee.

 

“Board
of Directors” means either the board of directors of the Company or any duly authorized committee of that board.

 

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

 

“Business
Day”, when used with respect to any Place of Payment or any other particular location specified in the Securities
or this Indenture, means each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which banking institutions in
that Place of Payment, such other location or the city in which the Corporate Trust Office of the Trustee is located, are authorized
or obligated by law to close, except as may be otherwise specified as contemplated by Section 301(b).

 

“Commission”
means the Securities and Exchange Commission, as from time to time constituted, created under the Securities Exchange Act of 1934,
or, if at any time after the execution of this indenture such Commission is not existing and performing the duties now assigned
to it under the Trust Indenture Act, then the body performing such duties at such time.

 

    	 	2	 

     

    

 

“Company”
means the Person named as the “Company” in the first paragraph of this instrument until a successor Person has become
such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person.

 

“Company
Request” or “Company Order” means a written request or order signed in the name of the
Company by an Authorized Officer and delivered to the Trustee.

 

“Corporate
Trust Office” means the office of the Trustee at which at any particular time its corporate trust business shall
be principally administered and which at the date hereof is located at U.S. Bank National Association, 190 S. LaSalle Street, Chicago,
IL 60603 Attn: Linda Garcia; Facsimile: (312) 332-8008.

 

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

 

“Defaulted
Interest” has the meaning specified in Section 307.

 

“Depositary”
means, with respect to the Securities of any series issuable or issued in the form of a Global Security, the Person designated
as Depositary by the Company in Section 301(b) until a successor Depositary shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter “Depositary” shall mean or include each Person who is then a Depositary
hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Securities
of any such series shall mean the Depositary with respect to the Securities of that series.

 

“Dollar”
or “$” means a dollar or other equivalent unit in such coin or currency of the United States of America
that is legal tender for the payment of public and private debts at the time of payment.

 

“Eligible
Obligations” means:

 

(a)       with
respect to Securities denominated in Dollars, U.S. Government Obligations; or

 

(b)       with
respect to Securities denominated in a currency other than Dollars or in a composite currency, such other obligations or instruments
as shall be specified with respect to such Securities, as contemplated by Section 301(b).

 

“Event
of Default” has the meaning specified in Section 501.

 

“Global
Security” means a Security, if any, issued to evidence all or a part of a series of Securities in accordance with
Section 301.

 

“Hedging
Obligations” means, with respect to any Person, the obligations of such Person under (i) interest rate swap
agreements, interest rate cap agreements and interest rate collar agreements and (ii) other agreements or arrangements designed
to protect such Person against fluctuations in interest rates.

 

    	 	3	 

     

    

 

“Holder”
means, with respect to a Registered Security, a Person in whose name such Registered Security is registered in the Security Register
and, with respect to an Unregistered Security or coupon appertaining thereto, the bearer thereof.

 

“Indenture”
means this instrument as originally executed and as it may from time to time be supplemented or amended by one or more indentures
supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the form and terms of particular
series of Securities established as contemplated by Section 301.

 

“Indexed
Security” means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity
may be more or less than the principal face amount thereof at original issuance.

 

“interest”,
when used with respect to an Original Issue Discount Security that by its terms bears interest only after Maturity, means interest
payable after Maturity.

 

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

 

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

 

“Officer’s
Certificate” means a certificate signed by an Authorized Officer and delivered to the Trustee.

 

“Opinion
of Counsel” means a written opinion of counsel, who may be an employee of, or counsel for, the Company or an Affiliate
of the Company, and who shall be reasonably acceptable to the Trustee.

 

“Original
Issue Discount Security” means any Security that provides for an amount less than the principal amount thereof to
be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502.

 

“Outstanding”,
when used with respect to Securities of any series, means, as of the date of determination, all Securities theretofore authenticated
and delivered under this Indenture, except:

 

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

 

(b)       Securities
or portions thereof for whose payment or redemption money or Eligible Obligations (or any combination of money and Eligible Obligations)
in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company or any other
obligor on such Security) in trust or set aside and segregated in trust by the Company or any other obligor on such Security (if
the Company or any other obligor on such Security acts as its own Paying Agent) for the Holders of such Securities; provided,
however, that if such Securities, or portions thereof, are to be redeemed prior to the Stated Maturity thereof, notice of such
redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made;

 

    	 	4	 

     

    

 

(c)       Securities
as to which the Company has effected defeasance as provided in Section 402;

 

(d)       Securities
that have been paid pursuant to Section 306 or in exchange for or in lieu of which other Securities have been authenticated
and delivered pursuant to this Indenture, other than any such Securities in respect of which there have been presented to the Trustee
proof satisfactory to it and the Company that such Securities are held by a bona fide purchaser in whose hands such Securities
are valid obligations of the Company; provided, however, that in determining whether the Holders of the requisite
principal amount of the Outstanding Securities have given, made or taken any request, demand, authorization, direction, notice,
consent, waiver or other action hereunder,

 

(i)       Securities
owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor (unless
the Company, such Affiliate or such obligor owns (x) all Securities Outstanding under this Indenture or (y) except for
the purposes of actions to be taken by Holders of more than one series or Tranche voting as a class, all Outstanding Securities
of each such series and each such Tranche, as the case may be, determined without regard to this clause) shall be disregarded and
deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request,
demand, authorization, direction, notice, consent or waiver, only Securities that the Trustee knows to be so owned shall be so
disregarded. Securities so owned that have been pledged in good faith may be regarded as Outstanding if the pledgee establishes
to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is
not the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor;

 

(ii)       in
determining whether the Holders of the requisite principal amount of Securities of any series or Tranche have concurred in any
direction, waiver or consent, the principal amount of Original Issue Discount Securities that shall be deemed to be outstanding
shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon acceleration
of the maturity thereof pursuant to Section 502;

 

(iii)       in
the case of any Security the principal of that is payable from time to time without presentment or surrender, the principal amount
of such Security that shall be deemed to be Outstanding at any time for all purposes of this Indenture shall be the original principal
amount thereof less the aggregate amount of principal thereof theretofore paid; and

 

(iv)       in
the case of Securities having been denominated in a currency other than Dollars and remaining outstanding contemporaneously with
Securities denominated in Dollars, the principal amount of any Security that is denominated in a currency other than Dollars or
in a composite currency that shall be deemed to be Outstanding for such purposes shall be determined as contemplated by Section 301(b).

 

    	 	5	 

     

    

 

“Paying
Agent” means any Person, including the Company, authorized by the Company to pay the principal of (and premium, if
any) or interest on any Securities on behalf of the Company.

 

“Periodic
Offering” means an offering of Securities of a series from time to time any or all of the specific terms of which
Securities, including without limitation the rate or rates of interest, if any, thereon, the Stated Maturity or Maturities thereof
and the redemption provisions, if any, with respect thereto, are to be determined by the Company or its agents from time to time
subsequent to the initial request for the authentication and delivery of such Securities by the Trustee, all as contemplated in
Sections 301 and 303.

 

“Person”
means any individual, corporation, partnership, joint venture, trust, unincorporated organization or government or any agency or
political subdivision thereof.

 

“Place
of Payment”, when used with respect to the Securities of any series, or any Tranche thereof, means the place or places
where the principal of (and premium, if any) and interest, if any, on the Securities of that series or Tranche are payable as specified
as contemplated by Section 301(b).

 

“Predecessor
Security” of any particular Security means every previous Security evidencing all or a portion of the same debt as
that evidenced by such particular Security, and, for the purposes of this definition, any Security authenticated and delivered
under Section 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence
the same debt as the mutilated, destroyed, lost or stolen Security.

 

“Redemption
Date”, when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant
to this Indenture.

 

“Redemption
Price”, when used with respect to any Security to be redeemed, means the price at which it is to be redeemed pursuant
to this Indenture, exclusive of accrued and unpaid interest, if any.

 

“Registered
Security” means any Security issued hereunder and registered by the Security Registrar or any recorded interest in
a Global Security issued hereunder.

 

“Regular
Record Date” for the interest payable on any Interest Payment Date on the Securities of any series means the date
specified for that purpose as contemplated by Section 301(b).

 

“Repayment
Date”, when used with respect to any Security of any series to be repaid or repurchased, means the date, if any,
fixed for such repayment or for such repurchase (whether at the option of the Holders or otherwise) pursuant to this Indenture.

 

“Repayment
Price”, when used with respect to any Security of any series to be repaid, means the price, if any, at which it is
to be repaid pursuant to Section 301(b).

 

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

 

    	 	6	 

     

    

 

“Security”
or “Securities” has the meaning stated in the first recital of this Indenture and, more particularly,
means any Security or Securities authenticated and delivered under this Indenture.

 

“Security
Register” and “Security Registrar” have the respective meanings specified in Section 305.

 

“series”
or “series of Securities” means a series of Securities issued under this Indenture as determined by Board
Resolution or as otherwise determined under this Indenture.

 

“Special
Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 307.

 

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

 

“Subsidiary”
of any Person means (a) any corporation, association or other business entity of which more than 50% of the outstanding total
voting power ordinarily entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers,
trustees or other voting members of the governing body thereof is at the time owned or controlled, directly or indirectly, by the
Company or by one or more other Subsidiaries, or by the Company and one or more other Subsidiaries or (b) any partnership
the sole general partner or the managing general partner of which is the Company or a Subsidiary of the Company or the only general
partners of which are the Company or of one or more Subsidiaries of the Company (or any combination thereof).

 

“Tranche”
means a group of Securities which (a) are of the same series and (b) have identical terms to other Tranches of such series
except as to principal amount, date of issuance or first interest payment date, each of which may vary among Tranches of any one
series.

 

“Trustee”
means the Person named as the “Trustee” in the first paragraph of this instrument until a successor Trustee shall have
been appointed with respect to one or more series of Securities pursuant to the applicable provisions of this Indenture, and thereafter
“Trustee” shall mean or include each Person who is then a Trustee hereunder, and if at any time there is more than
one such Person, “Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect
to Securities of that series.

 

“Trust
Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed,
except as provided in Section 905.

 

    	 	7	 

     

    

 

“U.S. Government
Obligations” means (x) any security that is (i) a direct obligation of the United States of America for
the payment of which the full faith and credit of the United States of America are pledged or (ii) an obligation of a Person
controlled or supervised by and acting as an agency or instrumentality of the United States of America the payment of which is
unconditionally guaranteed as a full faith and credit obligation by the United States of America, and (y) any depositary receipt
issued by a bank (as defined in Section 3(a)(2) of the Securities Act of 1933) as custodian with respect to any U.S. Government
Obligation that is specified in clause (x) above and held by such bank for the account of the holder of such depositary receipt,
or with respect to any specific payment of principal of or interest on any U.S. Government Obligation which is so specified and
held, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable
to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation
or the specific payment of principal of or interest on the U.S. Government Obligation evidenced by such depositary receipt.

 

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

 

Section
102.         
Compliance Certificates and Opinions. (a) Except as otherwise expressly provided in this Indenture,
upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company
shall, if requested by the Trustee, furnish to the Trustee an Officer’s Certificate stating that all conditions precedent,
if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating
that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of
any such application or request as to which the furnishing of such documents is specifically required by any provision of this
Indenture relating to such particular application or request, no additional certificate or opinion need be furnished.

 

(b)              
Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (except
for certificates provided for in Section 1004) shall include:

 

(1)              
a statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions
herein relating thereto;

 

(2)              
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;

 

(3)              
a statement that, in the opinion of each such individual, he has made such examination or investigation as is necessary
to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and

 

(4)              
a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with.

 

    	 	8	 

     

    

 

Section
103.         
Form of Documents Delivered to Trustee. (a) In any case where several matters are required
to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by,
or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such
Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and
any such Person may certify or give an opinion as to such matters in one or several documents.

 

(b)              
Any certificate, statement or opinion of an officer of the Company may be based, insofar as it relates to legal matters,
upon a certificate or an Opinion of Counsel, or representations by counsel. Any such certificate, statement or Opinion of Counsel
may be based, insofar as it relates to factual matters, upon a certificate, statement or opinion of, or representations by, an
officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the
Company. Any certificate, statement or opinion of an officer of the Company or of counsel may be based, insofar as it relates to
accounting matters, upon a certificate, statement or opinion of, or representations by, an accountant or firm of accountants in
the employ of the Company. Any certificate, statement or opinion of, or representations by, any independent firm of public accountants
filed with the Trustee shall contain a statement that such firm is independent.

 

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

 

Section
104.         
Acts of Holders. (a) Any request, demand, authorization, direction, notice, consent, waiver
or other action provided or permitted by this Indenture to be made, given or taken by Holders may be embodied in and evidenced
by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing;
and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are
delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the action
embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument
or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any
purpose of this Indenture and (subject to Section 601) conclusive in favor of the Trustee and the Company, if made in the
manner provided in this Section.

 

(b)              
The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness
of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying
that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution is by a
signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient
proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing
the same, may also be proved in any other manner acceptable to the Trustee.

 

    	 	9	 

     

    

 

(c)              
The principal amount (except as otherwise contemplated in clause (ii) of the proviso to the definition of “Outstanding”)
and serial numbers of Securities held by any Person, and the date of holding the same, shall be proved by the Security Register.

 

(d)              
Any request, demand, authorization, direction, notice, consent, election, waiver or other Act of the Holder of any Security
shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof
or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company
in reliance thereon, whether or not notation of such action is made upon such Security.

 

(e)              
The Company may set a record date for purposes of determining the identity of Holders of any Outstanding Securities of any
series entitled to vote or consent to any action by vote or consent authorized or permitted by Section 512 or 513. Such record
date shall be not less than 10 nor more than 60 days prior to the first solicitation of such consent or the date of the most recent
list of Holders of such Securities furnished to the Trustee pursuant to Section 701 prior to such solicitation.

 

(f)               
If the Company solicits from Holders any request, demand, authorization, direction, notice, consent, election, waiver or
other Act, the Company may, at its option, fix in advance a record date for the determination of Holders entitled to give such
request, demand, authorization, direction, notice, consent, election, waiver or other Act, but the Company shall have no obligation
to do so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, election, waiver or
other Act may be given before or after such record date, but only the Holders of record at the close of business on the record
date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of the Outstanding
Securities have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, election,
waiver or other Act, and for that purpose the Outstanding Securities shall be computed as of the record date.

 

Section
105.         
Notices, Etc. to Trustee and Company. Except as otherwise provided herein, any request, demand,
authorization, direction, notice, consent, election, waiver or Act of Holders or other document provided or permitted by this Indenture
to be made upon, given or furnished to, or filed with,

 

(a)              
the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or
filed in writing to or with the Trustee at its Corporate Trust Office c/o U.S. Bank National Association, 190 S. LaSalle Street,
Chicago, IL 60603 Attn: Linda Garcia; Facsimile: (312) 332-8008, or

 

(b)              
the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly
provided) if in writing and mailed, first-class postage prepaid, to the Company addressed to it at the address of its principal
office specified in the first paragraph of this instrument or at any other address furnished in writing to the Trustee by the Company
prior to such mailing.

 

    	 	10	 

     

    

 

(c)              
All notices, approvals, consents, requests and any communications hereunder must be in writing (provided that any communications
sent to the Trustee hereunder must be in the form of a document that is signed manually or by way of a digital signature provided
by DocuSign (or such other digital signature provider as specified in writing to the Trustee by the authorized representative),
in English. The Trustee shall have the right to accept and act upon instructions or directions pursuant to this Indenture sent
in the form of a manually signed document or a document sent by way of a digital signature by unsecured e-mail, facsimile transmission
or other similar unsecured electronic methods, provided, however, that the Company shall provide to the Trustee an
incumbency certificate listing designated persons with the authority to provide such instructions and containing specimen signatures
of such designated persons, which incumbency certificate shall be amended whenever a person is to be added or deleted from the
listing. If the Company elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic method)
and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions
shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from
the Trustee’s reliance upon and compliance with such instructions notwithstanding that such instructions conflict or are
inconsistent with a subsequent written instruction. Company agrees to assume all risks arising out of the use of using digital
signatures and electronic methods to submit communications to the Trustee, including without limitation the risk of Trustee acting
on unauthorized instructions, and the risk of interception and misuse by third parties.

 

Section
106.         
Notice to Holders; Waiver. (a) Except as otherwise expressly provided herein, where this Indenture
provides for notice of any event or reports to Holders, such notice or report shall be sufficiently given if in writing and mailed,
first-class postage prepaid, or sent by other electronic means of transmission to each Holder of Registered Securities affected
by such event, at the address of such Holder as it appears in the Security Register and to addresses filed with the Trustee or
preserved on the Trustee’s list pursuant to Section 702(a) for other Holders (and to such other addressees as may be
required in the case of such notice or report under Section 313(c) of the Trust Indenture Act), not later than the latest
date, and not earlier than the earliest date, prescribed for the giving of such notice or report.

 

(b)              
In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice
so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders.

 

(c)              
Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive
such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders
shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance
upon such waiver.

 

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

 

    	 	11	 

     

    

 

(e)              
If it is impractical in the opinion of the Trustee or the Company to make any publication of any notice required hereby
in an Authorized Newspaper, any publication or other notice in lieu thereof that is made or given with the approval of the Trustee
shall constitute a sufficient publication of such notice.

 

Section
107.         
Conflict With Trust Indenture Act. If any provision hereof limits, qualifies or conflicts with
a provision of the Trust Indenture Act that is required under the Trust Indenture Act to be a part of and govern this Indenture,
the latter provision shall control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture
Act that may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or to be
excluded, as the case may be.

 

Section
108.         
Effect of Headings and Table of Contents. The Article and Section headings herein and the Table
of Contents are for convenience only and shall not affect the construction hereof.

 

Section
109.         
Successors and Assigns. All covenants and agreements in this Indenture by the Company shall
bind its successors and assigns, whether so expressed or not.

 

Section
110.         
Separability Clause. In case any provision in this Indenture or in the Securities is invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected
or impaired thereby.

 

Section
111.         
Benefits of Indenture. Nothing in this Indenture or in the Securities, express or implied,
shall give to any Person, other than the parties hereto (including any Paying Agent appointed pursuant to Section 1002 and
Authenticating Agent appointed pursuant to Section 614 to the extent provided herein) and their successors hereunder and the
Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture.

 

Section
112.         
Governing Law. This Indenture and the Securities shall be governed by and construed in accordance
with the laws of the State of New York in the United States, but without giving effect to the conflicts of laws principles thereof.

 

Section
113.         
Legal Holidays. In any case where any Interest Payment Date, Redemption Date, Repayment Date
or Stated Maturity of any Security is not a Business Day at any Place of Payment or the city in which the Corporate Trust Office
of the Trustee is located, then (notwithstanding any other provision of this Indenture or of the Securities, other than a provision
in Securities of any series, or in the Board Resolution, Supplemental Indenture or Officer’s Certificate that establishes
the terms of such Securities, that specifically states that such provision shall apply in lieu of this Section) payment of interest
or principal (and premium, if any) need not be made at such Place of Payment on such date, but may be made on the next succeeding
Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date or Redemption Date,
Repayment Date, or at the Stated Maturity, and such extension of time shall in such case be (1) excluded in the computation
of interest, if any, accruing on such Security at a fixed rate and (2) included in the computation of interest, if any, accruing
on such Security at a floating rate; provided, however, that if such extension would cause payment of interest at
a floating rate to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

 

    	 	12	 

     

    

 

Section
114.         
Rules by Trustee and Agents. The Trustee may make reasonable rules for action by or at a meeting
of Holders of one or more series. The Paying Agent or Security Registrar may make reasonable rules and set reasonable requirements
for its functions.

 

Section
115.         
No Recourse Against Others. No past, present or future director, officer, stockholder or employee,
as such, of the Company or any of its Affiliates or any successor corporation shall have any liability for any obligation, covenant
or agreement of the Company under this Indenture or any indenture supplemental hereto, or in the Securities or any coupon appertaining
thereto, or for any claim based on, in respect of or by reason of such obligations, covenants or agreements 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 execution and delivery of this Indenture and the issue of the Securities.

 

Section
116.         
Waiver of Jury Trial. EACH OF THE COMPANY, THE HOLDERS AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR
RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY

 

Section
117.         
Certain Anti-Money Laundering Matters. In order to comply with laws, rules, regulations and
executive orders in effect from time to time applicable to banking institutions relating to the funding of terrorist activities
and money laundering (“Applicable Law”), the Trustee may be required to obtain, verify, record and update certain
information relating to individuals and entities which maintain a business relationship with the Trustee; accordingly, the Company
agrees to provide to the Trustee upon the reasonable request of the Trustee from time to time such identifying information and
documentation as may be available to the Company in order to enable the Trustee, as applicable, to comply with Applicable Law.

 

Section
118.         
Force Majeure. In no event shall the Trustee be responsible or liable for any failure or delay
in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control,
including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear
or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software
and hardware) services; and the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking
industry to resume performance as soon as possible.

 

Section
119.         
Certain Tax Matters. In order to facilitate compliance with applicable tax laws (inclusive
of rules, regulations and interpretations promulgated by competent authorities) related to this Indenture in effect from time to
time, the Company agrees (i) to provide to the Trustee upon the reasonable request of the Trustee from time to time such information
about the Company, the Holders or the transactions contemplated by this Indenture as may be available to the Company and (ii) the
Company agrees that the Trustee shall be entitled to make any withholding or deduction from payments under this Agreement to the
extent necessary to comply with applicable law for which the Trustee shall not have any liability.

 

    	 	13	 

     

    

 

ARTICLE
Two

SECURITY FORMS

 

Section
201.         
Forms Generally. (a) The Securities of each series and related coupons, if any, shall be in
substantially such form as shall be established by or pursuant to a Board Resolution, and set forth in an Officer’s Certificate,
or established in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions
and other variations as are required or permitted by this Indenture and may have such letters, numbers or other marks of identification
and such legends or endorsements placed thereon as may be required to comply with law or with any rules or regulations pursuant
thereto, or with any rules of any securities exchange or to conform with general usage, all as may, consistently herewith, be determined
by the officers executing such Securities, as evidenced by their execution of the Securities. When the form of Securities of any
series is established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be delivered
to the Trustee at or prior to the delivery of the Company Order contemplated by Section 303 for the authentication and delivery
of such Securities.

 

(b)              
The definitive Securities shall be produced in such manner or combination of manners, all as determined by the officers
executing such Securities, as evidenced by their execution of such Securities.

 

Section
202.         
Form of Trustee’s Certificate of Authentication. The Trustee’s certificate of authentication
shall be in substantially the following form:

 

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

 

	 	[            ]	 
	 	as Trustee	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	By	 	 
	 	 	 	Authorized Officer	 

 

 

 

ARTICLE
Three

THE SECURITIES

 

Section
301.         
Amount Unlimited; Issuable in Series. (a) The aggregate principal amount of Securities that
may be authenticated and delivered under this Indenture is unlimited.

 

(b)              
The Securities may be issued in one or more series. There shall be established in or pursuant to a Board Resolution, and
set forth in an Officer’s Certificate, or established in one or more indentures supplemental hereto, prior to the issuance
of Securities of any series,

 

    	 	14	 

     

    

 

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

 

(2)              
any limit upon the aggregate principal amount of the Securities of the series that may be authenticated and delivered under
this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu
of, other Securities of the series pursuant to Section 304, 305, 306, 906, 1107 or 1204 and except for any Securities that,
pursuant to Section 303, are deemed never to have been authenticated and delivered hereunder);

 

(3)              
the date or dates on which the principal and premium, if any, of the Securities of such series, or any Tranche thereof,
is payable or any formula or other method or other means by which such date or dates shall be determined, by reference to an index
or other fact or event ascertainable outside of this Indenture or otherwise (without regard to any provisions for redemption, prepayment,
acceleration, purchase or extension);

 

(4)              
the rate or rates at which the Securities of such series, or any Tranche thereof, shall bear interest, if any (including
the rate or rates at which overdue principal shall bear interest, if different from the rate or rates at which such Securities
shall bear interest prior to Maturity, and, if applicable, the rate or rates at which overdue premium or interest shall bear interest,
if any), or any formula or other method or other means by which such rate or rates shall be determined, by reference to an index
or other fact or event ascertainable outside of this Indenture or otherwise; the date or dates from which such interest shall accrue;
the Interest Payment Dates on which such interest shall be payable and the Regular Record Date, if any, for the interest payable
on such Securities on any Interest Payment Date; the right of the Company, if any, to extend the interest payment periods and the
duration of any such extension as contemplated by Section 312; and the basis of computation of interest, if other than as
provided in Section 310;

 

(5)              
the place or places where the principal of and premium, if any, and interest, if any, on Securities of the series, or any
Tranche thereof, shall be payable, any Registered Securities of the series, or any Tranche thereof, may be surrendered for registration
of transfer, Securities of the series, or any Tranche thereof, may be surrendered for exchange, and where notices and demands to
or upon the Company in respect of the Securities of the series, or any Tranche thereof, and this Indenture may be served and notices
to Holders pursuant to Section 106 will be published; the Security Registrar and any Paying Agent or Agents for such series
or Tranche; and if such is the case, that the principal of such Securities shall be payable without presentment or surrender thereof;

 

(6)              
if applicable, the period or periods within which, the price or prices at which and the terms and conditions upon which
Securities of the series, or any Tranche thereof, may be redeemed, in whole or in part, at the option of the Company and, if other
than by a Board Resolution, the manner in which any election by the Company to redeem the Securities shall be evidenced;

 

    	 	15	 

     

    

 

(7)              
the obligation, if any, of the Company to redeem or purchase Securities of the series, or any Tranche thereof, pursuant
to any sinking fund or analogous provisions or at the option of the Holder thereof and the period or periods within which, the
price or prices at which and the terms and conditions upon which Securities of the series, or any Tranche thereof, shall be redeemed
or purchased, in whole or in part, pursuant to such obligation;

 

(8)              
the terms, if any, on which the Securities of such series will be subordinate in right and priority of payment to other
debt of the Company;

 

(9)              
the denominations in which any Registered Securities of the series shall be issuable, if other than denominations of $1,000
and any integral multiple thereof;

 

(10)          
if other than the principal amount thereof, the portion of the principal amount of Securities of the series that shall be
payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502;

 

(11)          
whether Securities of the series are to be issuable in whole or in part as Registered Securities, whether any Securities
of the series are to be issuable in whole or in part in the form of a Global Security or Securities and, such case, the Depositary
for such Global Security or Securities;

 

(12)          
if other than the currency of the United States of America, the currency or currencies, including composite currencies,
in which the principal of or any premium or interest on the Securities of the series shall be payable and the manner of determining
the equivalent of any such amount in Dollars is to be determined for any purpose, including for the purpose of determining the
principal amount of such Securities deemed to be Outstanding at any time;

 

(13)          
if the principal of or any premium or interest on the Securities of such series is to be payable, or is to be payable at
the election of the Company or a Holder thereof, in securities or other property, the type and amount of such securities or other
property, or the manner of determining such amount shall be determined, and the period or periods within which, and the terms and
conditions upon which, any such election may be made;

 

(14)          
the Person to whom any interest on any Registered Security of the series shall be payable, if other than the Person in whose
name that Security is registered at the close of business on the Regular Record Date for such interest, and the extent to which,
or the manner in which, any interest payable on a temporary or permanent Global Security on an interest payment date will be paid;

 

(15)          
any addition to or change in the Events of Default, with respect to the Securities of such series, and any addition to or
change in the covenants of the Company for the benefit of the Holders of the Securities of such series in addition to those set
forth in Article Ten;

 

    	 	16	 

     

    

 

(16)          
the terms and conditions, if any, pursuant to which the Securities of such series may be converted into or exchanged for
securities of the Company;

 

(17)          
the terms and conditions, if any, pursuant to which the Company’s obligations under this Indenture may be terminated
through the deposit of money or Eligible Instruments as provided in Article Four;

 

(18)          
any exceptions to Section 113, or variation in the definition of Business Day, with respect to the Securities of such
series;

 

(19)          
any collateral security, assurance or guaranty for the Securities of such series;

 

(20)          
the non-applicability of Section 608 to the Securities of such series or any exceptions or modifications of Section 608
with respect to the Securities of such series;

 

(21)          
any rights or duties of another Person to assume the obligations of the Company with respect to the Securities of such series
(whether as joint obligor, primary obligor, secondary obligor or substitute obligor) and any rights or duties to discharge and
release any obligor with respect to the Securities of such series or this Indenture to the extent related to such series; and

 

(22)          
any other terms, conditions and rights of the series (which terms, conditions and rights shall not be inconsistent with
the provisions of this Indenture, except as permitted by Section 901(a)(5)).

 

(c)              
All Securities of any one series (other than Securities offered in a Periodic Offering) shall be substantially identical
except in the case of Registered Securities as to denomination and except as may otherwise be provided in or pursuant to such Board
Resolution and set forth in such Officer’s Certificate or in any such indenture supplemental hereto and as reasonably acceptable
to the Trustee. Securities of different series may differ in any respect.

 

(d)              
If the terms and form or forms of any series of Securities are established by or pursuant to a Board Resolution, the Company
shall deliver a copy of such Board Resolution to the Trustee at or prior to the issuance of such series with (1) the form
or forms of Security that have been approved attached thereto, or (2) if such Board Resolution authorizes a specific officer
or officers to approve the terms and form or forms of the Securities, a certificate of such officer or officers approving the terms
and form or forms of Security with such form or forms of Securities attached thereto. Such Board Resolution or certificate may
provide general terms or parameters for Securities of any series and may provide that the specific terms of particular Securities
of a series may be determined in accordance with or pursuant to the Company Order referred to in Section 303.

 

(e)              
With respect to Securities of a series subject to a Periodic Offering, the indenture supplemental hereto or the Board Resolution
that establishes such series, or the Officer’s Certificate pursuant to such supplemental indenture or Board Resolution, as
the case may be, may provide general terms or parameters for Securities of such series and provide either that the specific terms
of Securities of such series shall be specified in a Company Order or that such terms shall be determined by the Company or its
agents in accordance with procedures specified in a Company Order as contemplated by Section 303(c).

 

    	 	17	 

     

    

 

(f)               
Unless otherwise specified with respect to a series of Securities pursuant to paragraph (2) of Section 301(b),
such series of Securities may be issued in one or more Tranches with various principal amounts without the consent of any Holders
and additional Tranches of such series may be authenticated and delivered pursuant to Section 303.

 

Section
302.         
Denominations. The Securities of each series shall be issuable in registered or unregistered
form with or without coupons in such denominations as shall be specified as contemplated by Section 301(b). In the absence
of any such provisions with respect to the Securities of any series, the Registered Securities of such series shall be issuable
in denominations of $1,000.

 

Section
303.         
Execution, Authentication, Delivery and Dating. (a) The Securities shall be signed on behalf
of the Company by its chairman of its Board of Directors, its Chief Executive Officer, its President, any Vice President, its Treasurer,
or any Assistant Treasurer, under its corporate seal and attested by its Secretary or any Assistant Secretary. The signature of
any of these officers on the Securities may be manual or facsimile. The seal of the Company may be in the form of a facsimile thereof
and may be impressed, affixed, imprinted or otherwise reproduced on the Securities. Typographical and other minor errors or defects
in any such reproduction of the seal or any such signature shall not affect the validity or enforceability of any Security that
has been duly authenticated and delivered by the Trustee.

 

(b)              
Securities bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company
shall bind the Company notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication
and delivery of such Securities or did not hold such offices at the date of such Securities.

 

(c)              
At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities
of any series (or any Tranche thereof) executed by the Company to the Trustee for authentication, together with a Company Order
for the authentication and delivery of such Securities (or such Tranche), and the Trustee in accordance with the Company Order
shall authenticate and deliver such Securities (or such Tranche); provided, however, that with respect to Securities
of a series subject to a Periodic Offering, (i) such Company Order may be delivered by the Company to the Trustee prior to
the delivery to the Trustee of such Securities for authentication and delivery, (ii) the Trustee shall authenticate and deliver
Securities of such series for original issue from time to time, in an aggregate principal amount not exceeding the aggregate principal
amount established for such series, all pursuant to a Company Order or pursuant to such procedures acceptable to the Trustee as
may be specified from time to time by a Company Order, (iii) the maturity date or dates, original issue date or dates, interest
rate or rates and any other terms of Securities of such series shall be determined by Company Order or pursuant to such procedures
and (iv) if provided for in such procedures, such Company Order may authorize authentication and delivery pursuant to oral
or electronic instructions from the Company or its duly authorized agent or agents, which oral instructions shall be promptly confirmed
in writing.

 

    	 	18	 

     

    

 

(d)              
In authenticating such Securities and accepting the additional responsibilities under this Indenture in relation to such
Securities, the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in relying upon,
an Opinion of Counsel stating:

 

(i)                
that such form of Securities has been established in conformity with the provisions of this Indenture;

 

(ii)             
that the terms of such Securities have been established in conformity with the provisions of this Indenture; and

 

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

 

(e)              
Notwithstanding the provisions of Section 301 and of the preceding paragraphs of Sections 303(c) and 303(d) in connection
with a Periodic Offering, if all Securities of a series are not to be originally issued at one time, it shall not be necessary
to deliver an Officer’s Certificate or execute a supplemental indenture otherwise required pursuant to Section 301(b)
or the Company Order and Opinion of Counsel otherwise required pursuant to such preceding paragraphs at or prior to the time of
authentication of each Security of such series if such documents are delivered at or prior to the authentication upon original
issuance of the first Security of such series to be issued.

 

(f)               
If such form or terms have been so established, the Trustee shall not be required to authenticate such Securities if the
issuance of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the
Securities and this Indenture or otherwise in a manner that is not reasonably acceptable to the Trustee.

 

(g)              
Each Registered Security shall be dated the date of its authentication.

 

(h)              
No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there
appears on such Security a certificate of authentication substantially in the form provided for herein executed by the Trustee
by manual, electronic or facsimile signature and no coupon shall be valid until the Security to which it appertains has been so
authenticated, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has
been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture.

 

Section
304.         
Temporary Securities. (a) Until definitive Securities of any series (including Global Securities)
are ready for delivery, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver one or more
temporary Securities that are produced in any authorized denomination, substantially of the tenor of the definitive Securities
in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers
executing such Securities may determine, as evidenced by their execution of such Securities. Every temporary Security shall be
executed by the Company and authenticated by the Trustee (and Registered Securities shall be registered by the Security Registrar)
upon the same conditions, and with like effect, as a definitive Security.

 

    	 	19	 

     

    

 

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

 

Section
305.         
Registration, Registration of Transfer and Exchange. (a) The Company shall cause to be kept
at the Corporate Trust Office of the Trustee a register (the register maintained in such office and in any other office or agency
of the Company in a Place of Payment being herein sometimes collectively referred to as the “Security Register”)
in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Securities
and of transfers of Securities. The Trustee is hereby appointed “Security Registrar” for the purpose
of registering Securities and transfers of Securities as herein provided.

 

(b)              
Except in the case of Securities issued in the form of a Global Security, upon surrender for registration of transfer of
any Registered Security of any series at the office or agency of the Company in a Place of Payment for that series, the Company
shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or
more new Registered Securities of the same series, of any authorized denominations and of a like aggregate principal amount.

 

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

 

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

 

(e)              
Unless otherwise provided in a Board Resolution or an Officer’s Certificate pursuant to a Board Resolution, or in
an indenture supplemental hereto, with respect to Securities of any series, no service charge shall be made to the Holder for any
registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or
other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other
than exchanges pursuant to Section 304, 906, 1106 or 1204 not involving any transfer.

 

    	 	20	 

     

    

 

(f)               
The Company shall not be required (i) to issue, register the transfer of or exchange Securities of any series during
a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of Securities of
that series selected for redemption under Section 1103 and ending at the close of business on the day of such mailing, or
(ii) to register the transfer of or exchange any Security so selected for redemption in whole or in part, except the unredeemed
portion of any Security being redeemed in part.

 

Section
306.         
Mutilated, Destroyed, Lost and Stolen Securities. (a) If any mutilated Security or a Security
with a mutilated coupon or coupons appertaining to it is surrendered to the Trustee, the Company shall execute and the Trustee
shall authenticate and deliver in exchange therefor a replacement Registered Security.

 

(b)              
If there has been delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss
or theft of any Security or any coupon or coupons appertaining thereto, and (ii) such bond, 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 actual notice to the Company
or the Trustee that such Security or any coupon or coupons appertaining thereto has been acquired by a bona fide purchaser, the
Company shall execute and upon its request the Trustee shall authenticate and deliver, a replacement Registered Security.

 

(c)              
In case any such mutilated, destroyed, lost or stolen Security or any coupon or coupons appertaining thereto has become
or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security
or any coupon or coupons appertaining thereto.

 

(d)              
Upon the issuance of any new Security under this Section or any coupon or coupons appertaining thereto, 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.

 

(e)              
Every new Security or any coupon or coupons appertaining thereto of any series issued pursuant to this Section in lieu of
any destroyed, lost or stolen Security or any coupon or coupons appertaining thereto shall constitute an original additional contractual
obligation of the Company, whether or not the destroyed, lost or stolen Security or any coupon or coupons appertaining thereto
is 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 or any coupon or coupons appertaining thereto of that series duly issued hereunder.

 

(f)               
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 or any coupon or coupons appertaining
thereto.

 

Section
307.         
Payment of Interest; Interest Rights Preserved. (a) Unless otherwise provided as contemplated
by Section 301(b) with respect to the Securities of any series, interest on any Registered Security that is payable, and is
punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Registered Security
(or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; provided,
however, that interest payable at Maturity will be paid to the Person to whom principal is payable.

 

    	 	21	 

     

    

 

(b)              
Any interest on any Registered Security of any series that is payable, but is not punctually paid or duly provided for,
on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable
to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid
by the Company, at its election in each case, as provided in clause (i) or (ii) below:

 

(i)                
The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Registered Securities
of such series (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for
the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing
of the amount of Defaulted Interest proposed to be paid on each Registered Security of such series and the date of the proposed
payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed
to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior
to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such
Defaulted Interest as in this clause provided. Thereupon the Company shall fix a Special Record Date for the payment of such Defaulted
Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less
than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Company shall promptly notify the Trustee
of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such
Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder of Registered
Securities of such series at the address of such Holder as it appears in the Security Register, not less than 10 days prior to
such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having
been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Registered Securities of such series (or
their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer
be payable pursuant to the following clause (ii).

 

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

 

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

 

    	 	22	 

     

    

 

Section
308.         
Persons Deemed Owners. Prior to due presentment of a Registered Security for registration of
transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Registered
Security is registered as the owner of such Registered Security for the purpose of receiving payment of principal of (and any premium)
and (subject to Section 301 and Section 307) any interest on such Registered Security and for all other purposes whatsoever,
whether or not such Registered Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee
shall be affected by notice to the contrary.

 

Ownership of Registered
Securities of a series shall be proved by the computerized book-entry system of the Depositary in the case of Registered Securities
issued in the form of a Global Security.

 

None of the Company,
the Trustee, any Paying Agent or the Security Registrar shall have any responsibility or liability for any aspect of the records
relating to or payments made on account of beneficial ownership interests of a Global Security or for maintaining, supervising
or reviewing any records relating to such beneficial ownership interests.

 

Section
309.         
Cancellation. Except as otherwise specified as contemplated by Section 301(b) for Securities
of any series, all Securities and coupons surrendered for payment, redemption, registration of transfer or exchange or for credit
against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if
not theretofore cancelled, shall be promptly cancelled by it. Except as otherwise specified as contemplated by Section 301(b)
for Securities of any series, the Company may at any time deliver to the Trustee for cancellation any Securities or coupons previously
authenticated and delivered hereunder that the Company may have acquired in any manner whatsoever or that the Company has not issued
and sold, and all Securities or coupons so delivered shall be promptly cancelled by the Trustee. No Securities or coupons shall
be authenticated in lieu of or in exchange for any Securities or coupons cancelled as provided in this Section, except as expressly
permitted by this Indenture. All cancelled Securities or coupons held by the Trustee shall be destroyed and the Trustee shall furnish
an affidavit to the Company (setting forth the serial numbers of such Securities) attesting to such destruction unless by a Company
Order the Company shall direct that the cancelled Securities or coupons be returned to it.

 

Section
310.         
Computation of Interest. Except as otherwise specified as contemplated by Section 301(b)
for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve
30-day months.

 

Section
311.         
Global Securities; Exchanges; Registration and Registration of Transfer. If specified as contemplated
by Section 301(b) for Securities of any series, the Securities of such series may be issued in the form of one or more Global
Securities, which shall be deposited with the Depositary, and, unless otherwise specified in the form of Global Security adopted
pursuant to Section 301, be registered in the name of the Depository’s nominee.

 

    	 	23	 

     

    

 

Except as otherwise
specified as contemplated by Section 301(b) for Securities of any series, any permanent Global Security shall be exchangeable
only as provided in this paragraph. If the beneficial owners of interests in a permanent Global Security are entitled to exchange
such interests for Securities of such series of like tenor and principal amount of another authorized form, as specified as contemplated
by Section 301(b), then without unnecessary delay but in any event not later than the earliest date on which such interests
may be so exchanged, the Company shall deliver to the Trustee definitive Securities of that series in aggregate principal amount
equal to the principal amount of such permanent Global Security, executed by the Company. On or after the earliest date on which
such interests may be so exchanged, such permanent Global Security shall be surrendered from time to time in accordance with instructions
given to the Trustee and the Depositary (which instructions shall be in writing but need not comply with Section 102 or be
accompanied by an Opinion of Counsel) by the Depositary or such other depositary as shall be specified in the Company Order with
respect thereto to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or in part, for definitive
Securities of the same series without charge and the Trustee shall authenticate and deliver, in exchange for each portion of such
permanent Global Security, a like aggregate principal amount of definitive Securities of the same series of authorized denominations
and of like tenor as the portion of such permanent Global Security to be exchanged provided, however, that no such
exchanges may occur during the periods specified by Section 305. Promptly following any such exchange in part, such permanent
Global Security shall be returned by the Trustee, to the Depositary or such other depositary referred to above, in accordance with
the instructions of the Company referred to above.

 

The Global Security
may be transferred to another nominee of the Depositary, or to a successor Depositary selected by the Company, and upon surrender
for registration of transfer of the Global Security to the Trustee, the Company shall execute, and the Trustee shall authenticate
and deliver, in the name of the designated transferee, a new Global Security in the same aggregate principal amount. If at any
time the Depositary notifies the Company that it is unwilling or unable to continue as Depositary and a successor Depositary satisfactory
to the Company is not appointed within 90 days after the Company receives such notice, the Company will execute, and the Trustee
will authenticate and deliver, Securities in definitive form to the Depositary in exchange for the Global Security. In addition,
if at any time the Company determines that it is not in the best interest of the Company or the beneficial owners of Securities
to continue to have a Global Security representing all of the Securities held by a Depositary, the Company may, at its option,
execute, and the Trustee will authenticate and deliver, Securities in definitive form to the Depositary in exchange for all or
a portion of the Global Security. Promptly after any such exchange of Securities in definitive form for all or a portion of the
Global Security pursuant to this paragraph, the Company shall promulgate regulations governing registration of transfers and exchanges
of Securities in definitive form, which regulations shall be reasonably satisfactory to the Trustee and shall thereafter bind every
Holder of such Securities.

 

Section
312.         
Extension of Interest Payment. The Company shall have the right at any time, so long as the
Company is not in default in the payment of interest on the Securities of any series hereunder, to extend interest payment periods
on all Securities of one or more series, if so specified as contemplated by Section 301(b) with respect to such Securities
and upon such terms as may be specified as contemplated by Section 301(b) with respect to such Securities. If the Company
ever so extends any such interest payment period, the Company shall promptly notify the Trustee.

 

    	 	24	 

     

    

 

ARTICLE
Four

SATISFACTION AND DISCHARGE; DEFEASANCE

 

Section
401.         
Termination of Company’s Obligations. (a) This Indenture shall upon Company Request cease
to be of further effect with respect to the Securities of any series (except as to any surviving rights of registration of transfer
or exchange of Securities herein expressly provided for), and the Trustee, at the expense of the Company, shall execute instruments
in form and substance satisfactory to the Trustee and the Company acknowledging termination of the Company’s obligations
under the Securities of such series and this Indenture, when

 

(1)              
either

 

(A)            
all Securities of such series previously authenticated and delivered (other than (i) Securities of such series that
have been destroyed, lost or stolen and that have been replaced or paid as provided in Section 306 and (ii) Securities
of such series that are deemed paid and discharged pursuant to Section 402) have been delivered to the Trustee for cancellation;
or

 

(B)             
all such Securities of such series not previously delivered to the Trustee for cancellation

 

(i)                
have become due and payable (whether at Stated Maturity, early redemption or otherwise), or

 

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

 

(iii)           
are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice
of redemption by the Trustee in the name, and at the expense, of the Company,

 

and the Company in the case of (i), (ii) or
(iii) above has irrevocably deposited or caused to be deposited with the Trustee as funds in trust solely for the benefit
of the Holders of the Securities of such series an amount in cash in the currency or composite currency in which the Securities
of such series are denominated, Eligible Obligations or any combination thereof, together (if necessary in the case of a series
of Securities not bearing interest at a fixed rate) with any Hedging Obligation, so that such funds in each case are sufficient
to pay principal of, and any premium and interest on, all Outstanding Securities of such series;

 

(2)              
the Company has paid or caused to be paid all other sums payable hereunder by the Company; and

 

    	 	25	 

     

    

 

(3)              
the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all
conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with.

 

(b)              
Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 607,
the obligations of the Trustee to any Authenticating Agent under Section 614 and, if money has been deposited with the Trustee
pursuant to subclause (B) of clause (1) of this Section, the obligations of the Trustee under Section 405 and Section 1003(e)
shall survive.

 

(c)              
Upon satisfaction and discharge of this Indenture as provided in this Section 401, the Trustee shall assign, transfer
and turn over to the Company, subject to the claim provided by Section 607, any and all money, securities and other property
then held by the Trustee for the benefit of the Holders of the Securities.

 

The Company may elect, at its option at
any time, to have Section 402 or Section 403 applied to the Outstanding Securities of any series in accordance with any
applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article.
Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 301(b)
for such Securities.

 

Section
402.         
Defeasance and Discharge of Indenture. Upon the Company’s exercise of its option (if
any) to have this Section applied to all the Outstanding Securities of any series or Tranche, or any portion of the principal amount
thereof, and subject to the conditions set forth in Section 404 being satisfied, the Company shall be deemed to have paid
and discharged the entire indebtedness on such Outstanding Securities of such series or Tranche on the 91st day after the date
of the deposit referred to in subparagraph (i) of Section 404, and the provisions of this Indenture, as it relates to
such Outstanding Securities of such series or Tranche, shall be satisfied and discharged and shall no longer be in effect (and
the Trustee, at the expense of the Company, shall at Company Request execute proper instruments acknowledging the same), except
as to:

 

(a)              
the rights of Holders of Securities of such series to receive, solely from the trust funds described in Section 405,
(x) payment of the principal of (and premium, if any) and each installment of principal of (and premium, if any) or interest,
if any, on the Outstanding Securities of such series, or portions thereof, on the Stated Maturity of such principal or installment
of principal or interest to and including the Redemption Date designated by the Company pursuant to subparagraph (viii) of
Section 404 and (y) the benefit of any mandatory sinking fund payments applicable to the Securities of such series or
Tranche 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 or Tranche;

 

(b)              
the obligations of the Company and the Trustee with respect to such Securities of such series or Tranche under Sections
304, 305, 306, 614, 1002 and 1003 and, if the Company shall have designated a Redemption Date pursuant to subparagraph (x) of
Section 404, Sections 1104 and 1106; and

 

    	 	26	 

     

    

 

(c)              
the Company’s obligations with respect to the Trustee under Section 607.

 

Section
403.         
Defeasance of Certain Obligations. The Company may omit to comply with its obligations under
the covenants contained in Sections 801, 1006 and 1007 with respect to any Security or Securities of any series (and in respect
of any term, provision or condition set forth in the covenants or restrictions specified for such Securities pursuant to Section 301(b),
in any supplemental indenture, Board Resolution or Officer’s Certificate establishing such Security), and the failure to
comply with any such provisions shall not constitute a Default or Event of Default under Section 501(4), provided that
the conditions set forth in Section 404 have been satisfied.

 

Section
404.         
Conditions to Defeasance. The following conditions shall be the conditions to the application
of Section 402 and Section 403:

 

(i)                
the Company has deposited or caused to be deposited irrevocably with the Trustee as trust funds in trust, specifically pledged
as security for, and dedicated solely to, the benefit of the Holders of the Securities of such series, (x) cash in Dollars
(or such other currency or composite currency in which such Securities are denominated) in an amount sufficient, or (y) Eligible
Obligations which through the payment of interest and principal in respect thereof in accordance with their terms will provide
on or before the due date of any payment referred to in clause (1) or (2) of this subparagraph (i) money in an amount
sufficient or (z) a combination of such cash and Eligible Obligations, together (if necessary in the case of a series of Securities
not bearing interest at a fixed rate) with any Hedging Obligation so that such funds are 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 (1) the principal of (and premium, if any) and each installment of principal (and premium, if any) and
interest, if any, on such Securities on the Stated Maturity of such principal or installment of principal or interest or to and
including the Redemption Date designated by the Company in accordance with Section 404(a)(1)(B)(iii) and (2) 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 of the Securities of such series;

 

(ii)             
in the event of an election to have Section 402 apply, the Company has delivered to the Trustee an Officer’s
Certificate and an Opinion of Counsel to the effect that (x) the Company has received from, or there has been published by,
the Internal Revenue Service a ruling or (y) there has been a change in law or regulation occurring after the date hereof,
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, defeasance and discharge and will be subject to federal income tax on the same amount and in the same
manner and at the same times, as would have been the case if such deposit, defeasance and discharge had not occurred;

 

(iii)           
in the event of an election to have Section 403 apply, the Company has delivered to the Trustee an Officer’s
Certificate and 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 defeasance and will be subject to federal income tax on
the same amount and in the same manner and at the same times, as would have been the case if such deposit and defeasance had not
occurred;

 

    	 	27	 

     

    

 

(iv)            
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;

 

(v)              
such provision would not cause any Outstanding Securities of such series then listed on a securities exchange to be delisted
as a result thereof;

 

(vi)            
no Event of Default or event that with notice or lapse of time would become an Event of Default with respect to the Securities
of such series has occurred and is continuing on the date of such deposit or during the period ending on the 91st day after such
date;

 

(vii)         
the Company has delivered to the Trustee an Officer’s Certificate stating that the deposit was not made by the Company
with the intent of preferring the holders of 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;

 

(viii)       
such deposit shall not, as specified in an Opinion of Counsel, cause the Trustee with respect to the Securities of such
series to have a conflicting interest as defined in Section 608 and for purposes of the Trust Indenture Act with respect to
the Securities of such series;

 

(ix)            
the Company has delivered to the Trustee an Officer’s 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

 

(x)              
if the Company has deposited or caused to be deposited money or Eligible Obligations to pay or discharge the principal of
(and premium, if any) and interest on the Outstanding Securities of a series to and including a Redemption Date pursuant to clause
(i) of this Section 404, such Redemption Date shall be irrevocably designated by a Board Resolution delivered to the
Trustee on or prior to the date of deposit of such money or Eligible Obligations, and such Board Resolution shall be accompanied
by an irrevocable Company Request that the Trustee give notice of such redemption in the name and at the expense of the Company
not less than 30 nor more than 60 days prior to such Redemption Date in accordance with Section 1104.

 

Section
405.         
Application of Trust Money. (a) Neither the Eligible Obligations nor the funds deposited with
the Trustee pursuant to Sections 401, 402 or 403, nor the principal or interest payments on any such Eligible Obligations, shall
be withdrawn or used for any purpose other than, and shall be held in trust for, the payment of the principal of and premium, if
any, and interest, if any, on the Securities or portions of principal amount thereof in respect of which such deposit was made,
all subject, however, to the provisions of Section 606; provided, however, that, so long as no Event of Default
has occurred and is continuing, any cash received from such principal or interest payments on such Eligible Obligations deposited
with the Trustee, if not then needed for such purpose, shall, to the extent practicable, be invested by the Trustee pursuant to
the written directions of the Company in Eligible Obligations of the type described in Sections 401 and 402(d)(2)(A) maturing at
such times and in such amounts as shall be sufficient to pay when due the principal of and any premium and interest due and to
become due on such Securities or portions thereof on and prior to the Maturity thereof, and interest earned from such reinvestment
shall be paid over to the Company as received by the Trustee, free and clear of any trust, lien or pledge under this Indenture
except the claim provided by Section 607; and provided, further, that, so long as there shall not have occurred
and be continuing an Event of Default, any moneys held by the Trustee in accordance with this Section on the Maturity of all such
Securities in excess of the amount required to pay the principal of and premium, if any, and interest, if any, then due on such
Securities shall be paid over to the Company free and clear of any trust, lien or pledge under this Indenture except the claim
provided by Section 607.

 

    	 	28	 

     

    

 

(b)              
The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against
Eligible Obligations deposited pursuant to Section 401, 402 or 403 or the principal and any premium and interest 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 Eligible Obligations or money
held by it as provided in Section 401, 402 or 403 that, 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
that then would have been required to be deposited for the purpose for which such Eligible Obligations or money was deposited or
received. This provision shall not authorize the sale by the Trustee of any Eligible Obligations held under this Indenture.

 

Section
406.         
Reinstatement. If the Trustee or the Paying Agent is unable to apply any money in accordance
with this Article with respect to any Securities by reason of any order or judgment of any court or governmental authority enjoining,
restraining or otherwise prohibiting such application, then the obligations under this Indenture and such Securities from which
the Company has been discharged or released pursuant to Section 402 or Section 403 shall be revived and reinstated as
though no deposit had occurred pursuant to this Article with respect to such Securities, until such time as the Trustee or Paying
Agent is permitted to apply all money held in trust pursuant to Section 405 with respect to such Securities in accordance
with this Article; provided, however, that if the Company makes any payment of principal of or any premium or interest
on any such Security following such reinstatement of its obligations, the Company shall be subrogated to the rights (if any) of
the Holders of such Securities to receive such payment from the money so held in trust.

 

ARTICLE
Five

REMEDIES

 

Section
501.         
Events of Default. “Event of Default”, wherever used herein with
respect to Securities of any series, means any one of the following events, unless such event is either inapplicable to a particular
series or its is specifically deleted or modified in the applicable Board Resolution or supplemental indenture under which such
series of Securities is issued, as the case may be, as contemplated by Section 301:

 

    	 	29	 

     

    

 

(1)              
default in the payment of any interest upon any Security of that series when it becomes due and payable, and continuance
of such default for a period of 30 days; provided, however, that a valid extension of the interest payment period by the
Company as contemplated in Section 312 shall not constitute a failure to pay interest for this purpose; or

 

(2)              
default in the payment of the principal of (or premium, if any, on) any Security of that series at its Maturity; or

 

(3)              
default in the deposit of any sinking fund payment, when and as due by the terms of a Security of that series and continuance
of such default for a period of 30 days; or

 

(4)              
default in the performance, or breach, of any covenant or warranty of the Company in this Indenture (other than a covenant
or warranty a default in whose performance or whose breach is elsewhere in this Section specifically dealt with or which has expressly
been included in this Indenture solely for the benefit of one or more series of Securities other than that series), and continuance
of such default or breach 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 at least 25% in aggregate principal amount of the Outstanding Securities
of such 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

 

(5)              
the entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the Company
in an involuntary case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or other similar
law or (B) a decree or order adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition seeking
reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable federal or state law,
or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or of
any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such
decree or order for relief or any such other decree or order unstayed and in effect for a period of 90 consecutive days; or

 

(6)              
the commencement by the Company of a voluntary case or proceeding under any applicable federal or state bankruptcy, insolvency,
reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent
by it to the entry of a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable
federal or state bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency
case or proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any
applicable federal or state law, or the consent by it to the filing of such petition or to the appointment of or taking possession
by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or of any substantial
part of its property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its
inability to pay its debts generally as they become due, or the taking of corporate action by the Company in furtherance of any
such action; or

 

    	 	30	 

     

    

 

(7)              
any other Event of Default provided with respect to Securities of such series pursuant to Section 301(b).

 

Section
502.         
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, then in every such case the Trustee or the Holders of
not less than 25% in aggregate principal amount of the Outstanding Securities of such series, by a notice in writing to the Company
(and to the Trustee if given by such Holders), may declare the principal amount (or, if the Securities of such series are Original
Issue Discount Securities or Indexed Securities, such portion of the principal amount of such Securities as may be specified in
the terms thereof) to be due and payable immediately and upon any such declaration such principal amount (or specified amount)
shall become immediately due and payable. If an Event of Default specified in Section 501(5) or (6) occurs, the principal
of all the Securities then Outstanding (or if any such Securities are Original Issue Discount Securities or Indexed Securities,
such portion of the principal amount of such Securities as may be specified in the terms thereof) shall automatically become and
be immediately due and payable without any declaration or other act or notice on the part of the Trustee or any Holders of the
Securities.

 

At any time after such
a declaration of acceleration with respect to Securities of one or more series has been made and before a judgment or decree for
payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Event or Events of Default
giving rise to such declaration of acceleration shall, without further act, be deemed to have been waived, and such declaration
and its consequences shall, without further act, be deemed to have been rescinded and annulled, if

 

(1)              
the Company has paid or deposited irrevocably with the Trustee a sum sufficient to pay

 

(A)            
all overdue interest on all Securities of any such series,

 

(B)             
the principal of (and premium, if any, on) any Securities of such series that have become due otherwise than by such declaration
of acceleration and interest thereon at the rate or rates prescribed therefor in such Securities,

 

(C)             
to the extent that payment of such interest is lawful, interest upon overdue interest at the rate or rates borne by such
Securities, unless another rate is provided in such Securities, and

 

(D)            
all amounts due to the Trustee under Section 607;

 

and

 

    	 	31	 

     

    

 

(2)              
all Events of Default with respect to Securities of that series, other than the non-payment of the principal of Securities
of that series that have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 513.

 

No such rescission shall affect any subsequent
Event of Default or impair any right consequent thereon.

 

Section
503.         
Collection of Indebtedness and Suits for Enforcement by Trustee. If an Event of Default described
in clause (1) or (2) of Section 501 has occurred and is continuing, the Company shall, upon demand of the Trustee,
pay to the Trustee, for the benefit of the Holders of the Securities of the series with respect to which such Event of Default
has occurred, the whole amount then due and payable on such Securities for principal and any premium or interest and, to the extent
that payment of such interest shall be legally enforceable, interest on any overdue principal and premium and on any overdue interest,
at the rate or rates borne by such Securities, unless another rate is provided in such Securities, and, in addition thereto, such
further amount as shall be sufficient to cover any amounts due to the Trustee under Section 607.

 

If an Event of Default
with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce
its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the Trustee deems
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
504.         
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
(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,

 

(i)                
to file and prove a claim for the whole amount of principal and premium or 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 amounts due to the Trustee under Section 607) and of the Holders allowed in such judicial proceeding, and

 

(ii)             
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, if the Trustee consents to the making of such payments directly to the Holders, to pay
to the Trustee any amount due it under Section 607.

 

    	 	32	 

     

    

 

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
505.         
Trustee May Enforce Claims Without Possession of Securities or Coupons. All rights of action
and claims under this Indenture or the Securities or coupons may be prosecuted and enforced by the Trustee without the possession
of any of the Securities or coupons 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 amounts due to the Trustee under Section 607, be for the ratable benefit of the Holders of the Securities
and coupons in respect of which such judgment has been recovered.

 

Section
506.         
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 and any premium and interest, upon presentation of the Securities in respect of which or for the benefit
of which such money shall have been collected 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 607;

 

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

 

THIRD: The balance,
if any, to the Company.

 

The Trustee may fix a record date (with
respect to Registered Securities) and payment date for any such payment to Holders of Securities.

 

Section
507.         
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

 

(1)              
such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities
of that series;

 

(2)              
the Holders of not less than 25% in aggregate 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;

 

(3)              
such Holder or Holders have offered to the Trustee indemnity against the reasonable costs, expenses and liabilities to be
incurred in compliance with such request;

 

    	 	33	 

     

    

 

(4)              
the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such
proceeding; and

 

(5)              
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 aggregate principal amount of the Outstanding Securities of that series;

 

it being understood and intended that no
one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this
Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or
preference over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and
for the equal and ratable benefit of all of such Holders.

 

Section
508.         
Unconditional Right of Holders to Receive Principal, Premium and Interest. Notwithstanding
any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to
receive payment of the principal of and premium and (subject to Section 307) interest on such Security on the Stated Maturity
or Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date, or, in the case of repayment at
the option of the Holder, on the Repayment 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
509.         
Restoration of Rights and Remedies. If the Trustee or any Holder has instituted any proceeding
to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has
been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding,
the Company, the Trustee and such Holder shall be restored severally and respectively to their former positions hereunder and thereafter
all rights and remedies of the Trustee and such Holder shall continue as though no such proceeding had been instituted.

 

Section
510.         
Rights and Remedies Cumulative. Except as otherwise provided with respect to the replacement
or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of Section 306, no right or remedy herein
conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every
right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder
or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or
otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy.

 

Section
511.         
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.

 

    	 	34	 

     

    

 

Section
512.         
Control by Holders. If an Event of Default shall have occurred and be continuing in respect
of a series of Securities, the Holders of a majority in aggregate principal amount of the Outstanding Securities of that 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 or Tranche; provided,
however, that if an Event of Default has occurred and is continuing with respect to more than one series of Securities of
equal ranking, the Holders of a majority in aggregate principal amount of the Outstanding Securities of all such series of equal
ranking, considered as one class, shall have the right to make such direction, and not the Holders of the Securities of any one
of such series of equal ranking; provided, further that

 

(1)              
such direction shall not be in conflict with any rule of law or with this Indenture, and

 

(2)              
the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

 

Section
513.         
Waiver of Past Defaults. The Holders of not less than a majority in aggregate 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; provided that if any such past default has occurred with respect
to more than one series of Securities of equal ranking, the Holders of a majority in aggregate principal amount of the Outstanding
Securities of all such series of equal ranking, considered as one class, may make such waiver, and not the Holders of the Securities
of any one of such series of equal ranking, in each case, except a default

 

(1)              
in the payment of the principal of or premium or interest on any Security of such series, or

 

(2)              
in respect of a covenant or provision hereof that under Section 902 cannot be modified or amended without the consent
of the Holder of each Outstanding Security of such series affected.

 

Upon any such waiver, such default shall
cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture,
but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon.

 

Section
514.         
Undertaking for Costs. All parties to this Indenture agree, and each Holder of any Security
by such Holder’s 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 aggregate principal amount
of the Outstanding Securities of all series in respect of which such suit may be brought, considered as one class, or to any suit
instituted by any Holder for the enforcement of the payment of the principal of or any premium or interest on any Security on or
after the Stated Maturity or Maturities expressed in such Security (or, in the case of redemption, on or after the Redemption Date,
or, in the case of repayment at the option of the Holder, on or after the Repayment Date).

 

    	 	35	 

     

    

 

Section
515.         
Waiver of Stay or Extension Laws. The Company covenants (to the extent that it may lawfully
do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of,
any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance
of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage
of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee,
but will suffer and permit the execution of every such power as though no such law had been enacted.

 

ARTICLE
Six

THE TRUSTEE

 

Section
601.         
Certain Duties and Responsibilities. (a) Except during the continuance of an Event of Default
with respect to Securities of any series,

 

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

 

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

 

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

 

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

 

(1)              
this subsection shall not be construed to limit the effect of sub-section (a) of this Section;

 

    	 	36	 

     

    

 

(2)              
the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it shall be
proved that the Trustee was negligent in ascertaining the pertinent facts;

 

(3)              
the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance
with the direction of the Holders of a majority in aggregate principal amount of the Outstanding Securities of any one or more
series, as provided herein, relating to the time, method and place of conducting any proceeding for any remedy available to the
Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such
series; and

 

(4)              
no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial
liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it has reasonable
grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured
to it.

 

(d)              
Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the
liability of or affording protection to the Trustee shall be subject to the provisions of this Section.

 

Section
602.         
Notice of Defaults. Within 90 days after a Responsible Officer of the Trustee’s receipt
of written notice of the occurrence of any default hereunder with respect to the Securities of any series, the Trustee shall transmit
by mail to all Holders of Securities of such series entitled to receive reports pursuant to Section 704(3) notice of such
default hereunder known to the Trustee, unless such default shall have been cured or waived; provided, however, that,
except in the case of a default in the payment of the principal of or any premium or interest on any Security of such series or
in the payment of any sinking fund installment with respect to Securities of such series, the Trustee shall be protected in withholding
such notice if and so long as the board of directors, the executive committee or a trust committee of directors or Responsible
Officers of the Trustee in good faith determine that the withholding of such notice is in the interest of the Holders of Securities
of such series; and provided, further, that in the case of any default of the character specified in Section 501(4)
with respect to Securities of such series, no such notice to Holders shall be given until at least 75 days after the occurrence
thereof. For the purpose of this Section, the term “default” means any event that is, or after notice
or lapse of time or both would become, an Event of Default with respect to Securities of such series.

 

Section
603.         
Certain Rights of Trustee. Subject to the provisions of Section 601 and to the applicable
provisions of the Trust Indenture Act:

 

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

 

    	 	37	 

     

    

 

(b)              
any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company
Order, or as otherwise expressly provided herein, and any resolution of the Board of Directors may be sufficiently evidenced by
a Board Resolution;

 

(c)              
whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established
prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed)
may, in the absence of bad faith on its part, rely upon an Officer’s Certificate and such Officer’s Certificate, in
the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered
or omitted by it under the provisions of this Indenture upon the faith thereof;

 

(d)              
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 in good faith and in reliance
thereon;

 

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

 

(f)               
the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness
or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts
or matters as it may see fit;

 

(g)              
the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through
agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney
appointed with due care by it hereunder;

 

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

 

(i)                
the Trustee shall not be deemed to have knowledge of any default or Event of Default unless a Responsible Officer of the
Trustee shall have (x) received written notice of such event, referencing the Securities and this Indenture, at the Corporate Trust
Office of the Trustee or (y) obtained actual knowledge of such event;

 

(j)                
the rights, privileges, protections, immunities and benefits given to the Trustee, including its rights to be indemnified,
are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder;

 

    	 	38	 

     

    

 

(k)              
the Trustee may, from time to time, request that the Company deliver a certificate (upon which the Trustee may conclusively
rely) setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant
to this Indenture together with a specimen signature of such authorized officers; provided, however, that from time to time, the
Company may, by delivering to the Trustee a revised certificate, change the information previously provided by it pursuant to this
Section 603(k), but the Trustee shall be entitled to conclusively rely on the then-current certificate until receipt of a superseding
certificate;

 

(l)                
the right of the Trustee to perform any discretionary act enumerated in this Indenture shall not be construed as a duty;
and

 

(m)            
the Trustee shall not be responsible or liable for punitive, special, indirect, or consequential loss or damage of any kind
whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood
of such loss or damage and regardless of the form of actions.

 

Section
604.         
Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in
the Securities, except the Trustee’s certificate of authentication, shall be taken as the statements of the Company, and
the Trustee or any Authenticating Agent assumes no responsibility for their correctness. The Trustee makes no representations as
to the validity or sufficiency of this Indenture or of the Securities of any series or any coupons. The Trustee or any Authenticating
Agent shall not be accountable for the use or application by the Company of Securities or the proceeds thereof.

 

Section
605.         
May Hold Securities. The Trustee, any Authenticating Agent, any Paying Agent, any Security
Registrar or any other agent of the Company or the Trustee, in its individual or any other capacity, may become the owner or pledgee
of Securities and, subject to Sections 608 and 613, may otherwise deal with the Company with the same rights it would have if it
were not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other agent.

 

Section
606.         
Money Held in Trust. Money held by the Trustee or by any Paying Agent (other than the Company
if the Company shall act as Paying Agent) in trust hereunder need not be segregated from other funds except to the extent required
by law. Neither the Trustee nor any Paying Agent shall be liable for interest on any money received by it hereunder except as expressly
provided herein or otherwise agreed with the Company.

 

Section
607.         
Compensation and Reimbursement. The Company agrees

 

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

 

(2)              
except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements
and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation
and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable
to its negligence, willful misconduct or bad faith; and

 

    	 	39	 

     

    

 

(3)              
to indemnify the Trustee and its officers, directors, employees and agents for, and to hold it harmless against, any loss,
liability or expense reasonably incurred without negligence, willful misconduct or bad faith on its part, arising out of or in
connection with the acceptance or administration of the trust or trusts hereunder or performance of its duties hereunder, including
the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any
of its powers or duties hereunder.

 

As security for the performance of the
obligations of the Company under this Section, the Trustee shall have a claim prior to the Securities and any coupons upon all
property and funds held or collected by the Trustee as such, except property and funds held in trust for the payment of principal
of and any premium and interest on particular Securities or any coupons. The provisions of this Section 607 shall survive the satisfaction
and discharge of the Indenture and the earlier resignation or removal of the Trustee.

 

Section
608.         
Disqualification; Conflicting Interests. If the Trustee has or acquires any conflicting interest
within the meaning of the Trust Indenture Act with respect to the Securities of any series, it shall either eliminate such conflicting
interest or resign to the extent, in the manner and with the effect, and subject to the conditions, provided in the Trust Indenture
Act and this Indenture. For purposes of Section 310(b)(1) of the Trust Indenture Act and to the extent permitted thereby,
the Trustee, in its capacity as trustee in respect of the equally ranked and unsecured Securities of any series, shall not be deemed
to have a conflicting interest arising from its capacity as trustee in respect of the equally ranked and unsecured Securities of
any other series under this Indenture.

 

Section
609.         
Corporate Trustee Required; Eligibility. There shall at all times be a Trustee hereunder that
shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, having a combined capital and surplus of
at least $50,000,000, subject to supervision or examination by federal or state authority and qualified and eligible under this
Article, provided that, neither the Company nor any Affiliate of the Company or any obligor on the Securities may serve
as Trustee of any Securities. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements
of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation
shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at
any time the Trustee ceases to be eligible in accordance with the provisions of this Section, it shall resign immediately in the
manner and with the effect hereinafter specified in this Article.

 

Section
610.         
Resignation and Removal; Appointment of Successor. (a) No resignation or removal of the Trustee
and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by
the successor Trustee in accordance with the applicable requirements of Section 611.

 

    	 	40	 

     

    

 

(b)              
The Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof
to the Company. If the instrument of acceptance by a successor Trustee required by Section 611 has not been delivered to the
Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series.

 

(c)              
The Company may at any time by a Board Resolution remove the Trustee with respect to the Securities of any or all series.

 

(d)              
The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority
in aggregate principal amount of the Outstanding Securities of such series, delivered to the Trustee and to the Company.

 

(e)              
If at any time:

 

(1)              
the Trustee fails to comply with Section 608 with respect to the Securities of any series, after written request therefor
by the Company or by any Holder who has been a bona fide Holder of a Security of such series for at least six months, or

 

(2)              
the Trustee ceases to be eligible under Section 609 and fails to resign after written request therefor by the Company
or by any such Holder, or

 

(3)              
the Trustee becomes incapable of acting or becomes adjudged a bankrupt or insolvent or a receiver of the Trustee or of its
property is appointed or any public officer takes charge or control of the Trustee or of its property or affairs for the purpose
of rehabilitation, conservation or liquidation,

 

then, in any such case, subject to Section 514,
any Holder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly
situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment
of a successor Trustee or Trustees.

 

(f)               
If the Trustee resigns, is removed or becomes incapable of acting, or if a vacancy shall occur in the office of Trustee
for any cause, with respect to the Securities of one or more series, the Company, by a Board Resolution, shall promptly appoint
a successor Trustee or Trustees with respect to the Securities of that or those series (it being understood that any such successor
Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be
only one Trustee with respect to the Securities of any particular series) and shall comply with the applicable requirements of
Section 611. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor
Trustee with respect to the Securities of any series is appointed by Act of the Holders of a majority in aggregate principal amount
of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed
shall, forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 611, become
the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed
by the Company. If no successor Trustee with respect to the Securities of any series has been so appointed by the Company or the
Holders and accepted appointment in the manner required by Section 611, any Holder who has been a bona fide Holder of a Security
of such series for at least six months may, subject to Section 514, on behalf of himself and all others similarly situated,
petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such
series.

 

    	 	41	 

     

    

 

(g)              
The Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any
series and each appointment of a successor Trustee with respect to the Securities of any series by mailing written notice of such
event by first-class mail, postage prepaid, to all Holders of Securities of such series entitled to receive reports pursuant to
Section 704(3). Each notice shall include the name of the successor Trustee with respect to the Securities of such series
and the address of its Corporate Trust Office.

 

(h)              
All provisions of this Section except subparagraph (d) and Section 611(b) (except for the last clause, after omitting
the words “after deducting all amounts owed to the retiring Trustee pursuant to Section 607,” which shall apply)
shall apply also to any Paying Agent located outside the United States and its possessions.

 

Section
611.         
Acceptance of Appointment by Successor. (a) In case of the appointment hereunder of a successor
Trustee with respect to the Securities of all series, every such successor Trustee so appointed shall execute, acknowledge and
deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal
of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become
vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor
Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor
Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor
Trustee all property and money held by such retiring Trustee hereunder.

 

(b)              
In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all)
series, the Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall
execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall
contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all
the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the
appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities,
shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties
of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring
shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture
as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being
understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and
that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered
by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the
retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act,
deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to
the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company
or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee, all property
and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment
of such successor Trustee relates.

 

    	 	42	 

     

    

 

(c)              
Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly
vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of
this Section, as the case may be.

 

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

 

Section
612.         
Merger, Conversion, Consolidation or Succession to Business. Any corporation into which the
Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion
or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate
trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation shall be otherwise
qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of
the parties hereto. In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any
successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities
so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. In case any Securities
shall not have been authenticated by such predecessor Trustee, any such successor Trustee may authenticate and deliver such Securities,
in either its own name or that of its predecessor Trustee, with the full force and effect which this Indenture provides for the
certificate of authentication of the Trustee.

 

Section
613.         
Preferential Collection of Claims Against Company. The Trustee shall comply with Trust Indenture
Act § 311(a), excluding any creditor relationship listed in Trust Indenture Act § 311(b). A Trustee who has
resigned or been removed shall be subject to Trust Indenture Act § 311(a) to the extent indicated therein.

 

Section
614.         
Appointment of Authenticating Agent. (a) At any time when any of the Securities remain Outstanding
the Trustee may appoint an Authenticating Agent or Agents (which may include any Person that owns, directly or indirectly, all
of the capital stock of the Trustee or a corporation that is a wholly-owned subsidiary of the Trustee or of such other Person)
with respect to one or more series of Securities, or any Tranche thereof, that shall be authorized to act on behalf of the Trustee
to authenticate Securities of such series or Tranche issued upon original issuance, exchange, registration of transfer or partial
redemption thereof or pursuant to Section 306, and Securities so authenticated shall be entitled to the benefits of this Indenture
and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in
this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication,
such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a
certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be
acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States
of America, any state thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a
combined capital and surplus of not less than $50,000,000 and subject to supervision or examination by federal or state authority
in the United States. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the
requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus
of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition
so published. If at any time an Authenticating Agent ceases to be eligible in accordance with the provisions of this Section, such
Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section.

 

    	 	43	 

     

    

 

(b)              
Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any
corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any
corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an
Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or
filing of any paper or any further act on the part of the Trustee or the Authenticating Agent.

 

(c)              
An Authenticating Agent may resign with respect to one or more series of Securities at any time by giving written notice
thereof to the Trustee and to the Company. The Trustee may at any time terminate the agency of an Authenticating Agent with respect
to one or more series of Securities by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving
such a notice of resignation or upon such a termination, or in case at any time such Authenticating Agent ceases to be eligible
in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent that is acceptable
to the Company and shall provide notice of such appointment to all Holders of Securities of the series or Tranche with respect
to which such Authenticating Agent will serve, as provided in paragraph (a) of this Section. Any successor Authenticating
Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor
hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed
unless eligible under the provisions of this Section. An Authenticating Agent appointed pursuant to this Section shall be entitled
to rely on Sections 111, 308, 604 and 605 hereunder.

 

(d)              
The Trustee agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services under
this Section, and the Trustee shall be entitled to be reimbursed for such payments, subject to the provisions of Section 607.

 

(e)              
If an appointment with respect to the Securities of one or more series, or any Tranche thereof, is made pursuant to this
Section, the Securities of such series or Tranche may have endorsed thereon, in addition to the Trustee’s certificate of
authentication, an alternate certificate of authentication in the following form:

 

    	 	44	 

     

    

 

This is one of the Securities of the series designated pursuant
to and issued under the within-mentioned Indenture.

 

 

	 	[            ]	 
	 	as Trustee	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	By	 	 
	 	 	 	As Authenticating Agent on behalf of the Trustee	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	By	 	 
	 	 	 	Authorized Officer of Authenticating Agent	 

 

 

Dated:                                           

 

(f)               
If all of the Securities of a series may not be originally issued at one time, and if the Trustee does not have an office
capable of authenticating Securities upon original issuance located in a Place of Payment where the Company wishes to have Securities
of such series authenticated upon original issuance, the Trustee, if so requested by the Company in writing (which writing need
not comply with Section 102 and need not be accompanied by an Opinion of Counsel), shall appoint, in accordance with this
Section and in accordance with such procedures as shall be acceptable to the Trustee, an Authenticating Agent (which, if so requested
by the Company, may be an Affiliate of the Company) having an office in a Place of Payment designated by the Company with respect
to such series of Securities.

 

ARTICLE
Seven

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

 

Section
701.         
Company to Furnish Trustee Names and Addresses of Holders. The Company will furnish or cause
to be furnished to the Trustee

 

(a)              
semi-annually, not later than the 15th day after each Regular Record Date for each series of Registered Securities at the
time Outstanding or on June 30 and December 31 of each year with respect to each series of Securities for which there
are no Regular Record Dates, a list, in such form as the Trustee may reasonably require, containing all the information in the
possession or control of the Company, or any of its Paying Agents other than the Trustee, of the names and addresses of the Holders
of Registered Securities of such series, including Holders of interests in Global Securities, as of such preceding Regular Record
Date or on June 15 or December 15, as the case may be, or, in the case of a series of non-interest bearing Securities,
on a date to be determined as contemplated pursuant to Section 301(b), and

 

(b)              
at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such request,
a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; excluding
from any such list names and addresses received by the Trustee in its capacity as Security Registrar for Registered Securities
other than Global Securities.

 

    	 	45	 

     

    

 

Section
702.         
Preservation of Information; Communications to Holders. (a)  The Trustee shall preserve,
in as current a form as is reasonably practicable, the names and addresses of Holders of Registered Securities contained in the
most recent list furnished to the Trustee as provided in Section 701 and the names and addresses of Holders of Registered
Securities received by the Trustee in its capacity as Security Registrar or Paying Agent. The Trustee may destroy any list furnished
to it as provided in Section 701 upon receipt of a new list so furnished.

 

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

 

(i)                
afford such applicants access to the information preserved at the time by the Trustee in accordance with Section 702(a),
or

 

(ii)             
inform such applicants as to the approximate number of Holders whose names and addresses appear in the information preserved
at the time by the Trustee in accordance with Section 702(a), and as to the approximate cost of mailing to such Holders the
form of proxy or other communication, if any, specified in such application.

 

If the Trustee elects not to afford such
applicants access to such information, the Trustee shall, upon the written request of such applicants, mail to each Holder whose
name and address appear in the information preserved at the time by the Trustee in accordance with Section 702(a) a copy of
the form of proxy or other communication that is specified in such request, with reasonable promptness after a tender to the Trustee
by the applicants of the material to be mailed and of payment, or provision for the payment, of the reasonable expenses of mailing,
unless within five days after such tender the Trustee shall mail to such applicants and file with the Commission, together with
a copy of the material to be mailed, a written statement to the effect that, in the opinion of the Trustee, such mailing would
be contrary to the best interest of the Holders or would be in violation of applicable law. Such written statement shall specify
the basis of such opinion. If the Commission, after opportunity for a hearing upon the objections specified in the written statement
so filed, enters an order refusing to sustain any of such objections or if, after the entry of an order sustaining one or more
of such objections, the Commission finds, after notice and opportunity for hearing, that all the objections so sustained have been
met and enters an order so declaring, the Trustee shall mail copies of such material to all such Holders with reasonable promptness
after the entry of such order and the renewal of such tender by such applicants; otherwise the Trustee shall be relieved of any
obligation or duty to such applicants respecting their application.

 

(c)              
Every Holder of Securities or coupons, by receiving and holding the same, agrees with the Company and the Trustee that neither
the Company nor the Trustee nor any agent of either of them shall be held accountable by reason of the disclosure of any such information
as to the names and addresses of the Holders in accordance with Section 702(b), regardless of the source from which such information
was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under
Section 702(b).

 

    	 	46	 

     

    

 

Section
703.         
Reports by Trustee. (a) The Trustee shall transmit to Holders such reports concerning the Trustee
the Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in the
manner provided pursuant thereto.

 

(b)              
Reports so required to be transmitted at stated intervals of not more than 12 months shall be transmitted no later than
July 1 in each calendar year, commencing with the first July 1 after the first issuance of Securities pursuant to this
Indenture.

 

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

 

Section
704.         
Reports by Company. The Company shall:

 

(1)              
file with the Trustee, within 15 days after the Company files the same with the Commission, copies of the annual reports
and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from
time to time by rules and regulations prescribe) that the Company may be required to file with the Commission pursuant to Section 13
or Section 15(d) of the U.S. Securities Exchange Act of 1934; or, if the Company is not required to file information, documents
or reports pursuant to either of said Sections, then it shall file with the Trustee and the Commission, in accordance with rules
and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and
reports that may be required pursuant to Section 13 of the U.S. Securities Exchange Act of 1934 in respect of a security listed
and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations;

 

(2)              
file with the Trustee and the Commission, in accordance with rules and regulations prescribed by the Commission, such additional
information, documents and reports with respect to compliance by the Company with the conditions and covenants of this Indenture
as may be required from time to time by such rules and regulations; and

 

(3)              
transmit by mail to all Holders of Registered Securities, as their names and addresses appear in the Security Register within
30 days after the filing thereof with the Trustee, such summaries of any information, documents and reports required to be filed
by the Company pursuant to paragraphs (1) and (2) of this Section as may be required by rules and regulations prescribed
from time to time by the Commission.

 

(4)              
Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s
receipt of such shall not constitute a duty to review or constructive notice of any information contained therein or determinable
from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the
Trustee is entitled to rely exclusively on Officers’ Certificates).

 

    	 	47	 

     

    

 

ARTICLE
Eight

CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER

 

Section
801.         
Company May Consolidate, Etc. Only on Certain Terms. 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 any Person, unless:

 

(1)              
either (x) the Company shall be the continuing corporation or the successor corporation or (y) the Person formed
by such consolidation or into which the Company is merged or the Person that acquires by conveyance, transfer or lease the properties
and assets of the Company substantially as an entirety shall be a Person organized and existing under the laws of the United States
of America, any State thereof or the District of Columbia and shall expressly assume, by an indenture supplemental hereto, executed
and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the principal of and any premium
and interest on all the Outstanding Securities and the performance of every covenant of this Indenture on the part of the Company
to be performed or observed;

 

(2)              
immediately after giving effect to such transaction, no Event of Default and no event that, after notice or lapse of time
or both, would become an Event of Default, shall have occurred and be continuing; and

 

(3)              
the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such
consolidation, merger, conveyance, transfer or lease and such supplemental indenture comply with this Article and that all conditions
precedent herein provided for relating to such transaction have been met.

 

Section
802.         
Successor Substituted for the Company. Upon any consolidation or merger or any conveyance,
transfer or lease of all or substantially all the properties and assets of the Company in accordance with Section 801, the
successor Person formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or lease
is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with
the same effect as if such successor Person had been named as the Company herein and thereafter, in the case of a conveyance, transfer
or lease of properties and assets of the Company substantially as an entirety, such conveyance, transfer or lease shall have the
effect of releasing the Person named as the “Company” in the first paragraph of this instrument or any successor Person
that shall theretofore have become such in the manner prescribed in this Article from its liability as obligor and maker on any
of the Securities.

 

    	 	48	 

     

    

 

ARTICLE
Nine

SUPPLEMENTAL INDENTURES

 

Section
901.         
Supplemental Indentures Without Consent of Holders. Without the consent of any Holders, the
Company and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form
satisfactory to the Trustee, for any of the following purposes:

 

(1)              
to evidence the succession of another Person to the Company and the assumption by any such successor of the covenants of
the Company herein and in the Securities; or

 

(2)              
to add to the covenants of the Company for the benefit of the Holders of all or any series of Securities (and if such covenants
are to be for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely
for the benefit of such series), or to surrender any right or power herein conferred upon the Company; or

 

(3)              
to add any additional Events of Default with respect to all or any series of Securities Outstanding hereunder; or

 

(4)              
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

 

(5)              
to change or eliminate any of the provisions of this Indenture, or to add any new provision to this Indenture, in respect
of one or more series of Securities; provided, however, that any such change, elimination or addition (A) shall
neither (i) apply to any Security Outstanding on the date of such indenture supplemental hereto nor (ii) modify the rights
of the Holder of any such Security Outstanding with respect to such provision in effect prior to the date of such indenture supplemental
hereto or (B) shall become effective only when no Security of such series remains Outstanding; or

 

(6)              
to add guarantees or collateral security with respect to the Securities of any series; or

 

(7)              
to establish for the issuance of and establish the form or terms and conditions of Securities of any series or Tranche thereof
as permitted by Section 301(b), and to establish the form of any certificates required to be furnished pursuant to the terms
of this Indenture or any series of Securities; or

 

(8)              
to provide for uncertificated Securities in addition to or in place of all, or any series or Tranche of, certificated Securities;
or

 

(9)              
to evidence and provide for the acceptance of appointment hereunder by a separate or successor Trustee or co-trustee with
respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary
to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements
of Section 611(b); or

 

    	 	49	 

     

    

 

(10)          
to change any place or places where (a) the principal of or premium, if any, or interest, if any, on all or any series
of Securities, or any Tranche thereof, shall be payable, (b) all or any series of Securities, or any Tranche thereof, may
be surrendered for registration or transfer, (c) all or any series of Securities, or any Tranche thereof, may be surrendered
for exchange and (d) notices and demands to or upon the Company in respect of all or any series of Securities, or any Tranche
thereof, and this Indenture may be served;

 

(11)          
to supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the defeasance
and discharge of any series of Securities, or any Tranche thereof, pursuant to Article Four, provided that any such action shall
not adversely affect the interests of the Holders of Securities of such series or Tranche or any other series of Securities in
any material respect;

 

(12)          
(i) to cure any ambiguity or to correct or supplement any provision contained herein or in any supplemental indenture that
may be defective or inconsistent with any other provision contained herein or in any supplemental indenture or (ii) to conform
the terms of any series of Securities, or Tranche thereof, to the description thereof in the prospectus and prospectus supplement
(or similar offering document) offering such series of Securities, or Tranche thereof; or

 

(13)          
to make any other provisions with respect to matters or questions arising under this Indenture, provided such action
shall not adversely affect the interests of the Holders of any Securities of any series or Tranche Outstanding on the date of such
indenture supplemental hereto.

 

Without limiting the generality of the
foregoing, if the Trust Indenture Act as in effect at the date of the execution and delivery of this Indenture or at any time thereafter
becomes amended and (x) if any such amendment requires one or more changes to any provisions hereof or the inclusion herein of
any additional provisions, or by operation of law is deemed to effect such changes or incorporate such provisions by reference
or otherwise, this Indenture shall be deemed to have been amended so as to conform to such amendment to the Trust Indenture Act,
and the Company and the Trustee may, without the consent of any Holders, enter into an indenture supplemental hereto to effect
or evidence such changes or additional provisions; or (y) if any such amendment permits one or more changes to, or the elimination
of, any provisions hereof that, at the date hereof or at any time thereafter, are required by the Trust Indenture Act to be contained
herein (or if it is no longer required by the Trust Indenture Act for the Indenture to contain one or more provisions), this Indenture
shall be deemed to have been amended to effect such changes or elimination, and the Company and the Trustee may, without the consent
of any Holders, enter into an indenture supplemental hereto to evidence such amendment hereof; or (z) if, by reason of any such
amendment, it shall be no longer necessary for this Indenture to contain one or more provisions that, at the date of the execution
and delivery hereof, are required by the Trust Indenture Act to be contained herein, the Company and the Trustee may, without the
consent of any Holders, enter into an indenture supplemental hereto to effect the elimination of such provisions.

 

    	 	50	 

     

    

 

Section
902.         
Supplemental Indentures With Consent of Holders. (a) Except as set forth in paragraph (b) below,
with the consent of the Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of each
series affected (voting as one class) by such supplemental indenture, by Act of said Holders delivered to the Company and the Trustee,
the Company, when authorized by a resolution of its Board of Directors (which resolution may provide general terms or parameters
for such action and may provide that the specific terms of such action may be determined in accordance with or pursuant to a Company
Order), and the Trustee may, from time to time and at any time, enter into an indenture or indentures supplemental hereto for the
purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any
supplemental indenture or of modifying in any manner the rights of the Holders of the Securities of each such series or of the
Coupons appertaining to such Securities or of modifying in any manner the rights of the Holders of Securities of such series under
this Indenture; provided, however, that if there are Securities of more than one series of equal ranking Outstanding
hereunder and if a proposed supplemental indenture shall directly affect the rights of the Holders of Securities of one or more,
but less than all, of such series, then the consent only of the Holders of not less than a majority in aggregate principal amount
of the Outstanding Securities of all series so directly affected, considered as one class, shall be required.

 

(b)              
No such supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby,

 

(1)              
change the Stated Maturity of the principal of, or any installment of principal of or interest on, any Security, or reduce
the principal amount or premium, if any, thereof or the rate of interest thereon (or the amount of any installment of interest
thereon) or any premium payable upon the redemption thereof, or change the method of calculating the rate of interest thereon,
or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable upon a declaration of
acceleration of the Maturity thereof pursuant to Section 502, or change the coin or currency (or other property) in which,
any Security or any premium or the interest thereon is payable, or impair the right to institute suit for the enforcement of any
such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date, or, in the
case of repayment at the option of the Holders, on or after the Repayment Date), or modify any provisions of this Indenture with
respect to the conversion or exchange of the Securities into Securities of another series or into any other debt or equity securities
in a manner adverse to the Holders, or

 

(2)              
reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required
for any such supplemental indenture, or the consent of whose Holders is required for any waiver of compliance with certain provisions
of this Indenture or certain defaults hereunder and their consequences provided for in this Indenture, or

 

    	 	51	 

     

    

 

(3)              
modify any of the provisions of this Section, Section 508 or Section 513, except to increase any such percentage
or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of
each Outstanding Security affected thereby, provided, however, that this clause shall not be deemed to require the
consent of any Holder with respect to changes in the references to “the Trustee” and concomitant changes in this Section
and Section 508, or the deletion of this proviso, in accordance with the requirements of Sections 611(b) and 901(9).

 

A supplemental indenture
that changes or eliminates any covenant or other provision of this Indenture that has expressly been included solely for the benefit
of one or more particular series of Securities, or that modifies the rights of the Holders of Securities of such series with respect
to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities
of any other series.

 

It shall not be necessary
for any Act of Holders under this Section to approve the particular form of any proposed supplemental indenture, but it shall be
sufficient if such Act shall approve the substance thereof. A waiver by a Holder of such Holder’s rights to consent under
this Section shall be deemed to be a consent of such Holder.

 

Section
903.         
Execution of Supplemental Indentures. In executing, or accepting the additional trusts created
by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture,
the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in relying upon, an Opinion
of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee
may, but shall not be obligated to, enter into any such supplemental indenture that affects the Trustee’s own rights, duties
or immunities under this Indenture or otherwise.

 

Section
904.         
Effect of Supplemental Indentures. Upon the execution of any supplemental indenture under this
Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture
for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound
thereby. Any supplemental indenture permitted by this Article may restate this Indenture in its entirety, and, upon the execution
and delivery thereof, any such restatement shall supersede this Indenture as theretofore in effect for all purposes.

 

Section
905.         
Conformity With Trust Indenture Act. Every supplemental indenture executed pursuant to this
Article shall conform to the requirements of the Trust Indenture Act as then in effect.

 

Section
906.         
Reference in Securities to Supplemental Indentures. Securities of any series, or any Tranche
thereof, authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall
if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental
indenture. If the Company so determines, new Securities of any series, or any Tranche thereof, and any appertaining coupons so
modified as to conform, in the opinion of the Trustee and the Company, to any such supplemental indenture may be prepared and executed
by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series or Tranche
and any appertaining coupons.

 

    	 	52	 

     

    

 

Section
907.         
Revocation and Effect of Consents. Until an amendment or 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 on which the Trustee receives an Officer’s Certificate certifying
that the Holders of the requisite principal amount of Securities have consented to the amendment or waiver. After an amendment
or waiver becomes effective, it shall bind every Holder of each series of Securities affected by such amendment or waiver.

 

The Company may, but
shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to consent to any amendment or
waiver. If a record date is fixed, then notwithstanding the provisions of the immediately preceding paragraph, those persons who
were Holders at such record date (or their duly designated proxies), and only those persons, shall be entitled to consent to such
amendment or waiver or to revoke any consent previously given, whether or not such persons continue to be Holders after such record
date.

 

After an amendment
or waiver becomes effective it shall bind every Holder, unless it is of the type described in any of clauses (1) through (3) of
Section 902(c). In such case, the amendment or waiver shall bind each Holder of a Security who has consented to it and every
subsequent Holder of a Security that evidences the same debt as the consenting Holder’s Security.

 

Section
908.         
Modification Without Supplemental Indenture. If the terms of any particular series of Securities
have been established in a Board Resolution or an Officer’s Certificate as contemplated by Section 301, and not in an
indenture supplemental hereto, additions to, changes in or the elimination of any of such terms may be effected by means of a supplemental
Board Resolution or Officer’s Certificate, as the case may be, delivered to, and accepted by, the Trustee; provided, however,
that such supplemental Board Resolution or Officer’s Certificate shall not be accepted by the Trustee or otherwise be effective
unless all conditions set forth in this Indenture that would be required to be satisfied if such additions, changes or elimination
were contained in a supplemental indenture shall have been appropriately satisfied. Upon the acceptance thereof by the Trustee,
any such supplemental Board Resolution or Officer’s Certificate shall be deemed to be a “supplemental indenture”
for purposes of Sections 904 and 906.

 

ARTICLE
Ten

COVENANTS

 

Section
1001.      Payment
of Principal, Premium and Interest. (a) Subject to the following provisions, the Company will pay to the Trustee the amounts,
in such coin or currency as is at the time legal tender for the payment of public or private debt, in the manner, at the times
and for the purposes set forth herein and in the text of the Securities for each series, and the Company hereby authorizes and
directs the Trustee from funds so paid to it to make or cause to be made payment of the principal of and any premium and interest
on the Securities and coupons of each series as set forth herein and in the text of such Securities and coupons. Unless otherwise
provided in the Securities of a series, the Trustee will arrange directly with any Paying Agents for the payment, or the Trustee
will make payment, from funds furnished by the Company, of the principal of and any premium and interest, on the Securities and
coupons of each series by check or draft.

 

    	 	53	 

     

    

 

(b)              
Unless otherwise provided in the Securities of a series, interest, if any, on Registered Securities of a series shall be
paid by check or draft on each Interest Payment Date for such series to the Holder thereof at the close of business on the Regular
Record Date specified in the Securities of such series; provided, however, that interest payable at Maturity will
be paid to the Person to whom principal is payable. The Company may pay such interest by check or draft mailed to such Holder’s
address as it appears on the register for Securities of such series. Unless otherwise provided in the Securities of a series, principal
of Registered Securities shall be payable by check or draft and only against presentation and surrender of such Registered Securities
at the office of the Paying Agent, unless the Company shall have otherwise instructed the Trustee in writing.

 

(c)              
At the election of the Company, any payments by the Company provided for in this Indenture or in any of the Securities may
be made by electronic funds transfer.

 

Section
1002.      Maintenance
of Office or Agency. (a) The Company will maintain in each Place of Payment for any series of Securities, or any Tranche
thereof, an office or agency where Registered Securities, or any Tranche thereof, of that series may be surrendered for registration
of transfer or exchange and a Place of Payment where (subject to Sections 305 and 307) Securities may be presented for payment
or exchange and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture
may be served. Unless otherwise specified pursuant to Section 301(b) with respect to any such series, the Company shall maintain
such offices or agencies in connection with each series in the Borough of Manhattan, The City of New York, State of New York. The
Security Registrar shall keep a register with respect to each series of Securities issued in whole or in part as Registered Securities
and to their transfer and exchange. The Company may appoint one or more co-Security Registrars acceptable to the Trustee and one
or more additional Paying Agents for each series of Securities, and the Company may terminate the appointment of any co-Security
Registrar or Paying Agent at any time upon written notice. The term “Security Registrar” includes any co-Security Registrar.
The term “Paying Agent” includes any additional Paying Agent. The Company shall notify the Trustee of the name and
address of any Agent not a party to this Indenture. Subject to Section 305, if the Company fails to maintain a Security Registrar
or Paying Agent, the Trustee shall act as such.

 

The Company will give
prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time
the Company fails to maintain any such required office or agency or fails to furnish the Trustee with the address thereof, such
presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company
hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands.

 

    	 	54	 

     

    

 

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

 

(c)              
Anything herein to the contrary notwithstanding, any office or agency required by this Section may be maintained at any
office of the Company in which event the Company shall perform all functions to be performed at such office or agency.

 

Section
1003.      Money
for Securities Payments to Be Held in Trust. (a) If the Company at any time acts as its own Paying Agent with respect to
any series of Securities, or any Tranche thereof, it will, on or before each due date of the principal of or any premium or interest
on any of such Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay
the principal (and premium, if any) or interest so becoming due until such sums are paid to such Persons or otherwise disposed
of as herein provided and will promptly notify the Trustee of its action or failure so to act.

 

(b)              
Whenever the Company has one or more Paying Agents for any series of Securities, it will, on or prior to (and if on, then
before 11:00 a.m. (New York City time)) each due date of the principal of and any premium or interest on such Securities, deposit
with a Paying Agent a sum sufficient (in immediately available funds, if payment is made on the due date) to pay the principal
and any premium and interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal,
premium or interest as provided in the Trust Indenture Act and (unless such Paying Agent is the Trustee) the Company will promptly
notify the Trustee of its action or failure so to act.

 

(c)              
The Company will cause each Paying Agent for any series of Securities, or any Tranche thereof, other than the Trustee, to
execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions
of this Section, that such Paying Agent will:

 

(i)                
comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent and

 

(ii)             
during the continuance of any default by the Company (or any other obligor upon the Securities of that series) in the making
of any payment in respect of the Securities of that series, upon the written request of the Trustee, forthwith pay to the Trustee
all sums held in trust by such Paying Agent for payment in respect of the Securities of that series

 

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

 

    	 	55	 

     

    

 

(e)              
Any money deposited with the Trustee or any Paying Agent, or received by the Trustee in respect of Eligible Obligations
deposited with the Trustee pursuant to Section 401 or 404, or then held by the Company, in trust for the payment of the principal
of and any premium or interest on any Security of any series and remaining unclaimed for two years (or such shorter period for
the return of such funds to the Company under applicable abandoned property laws) after such principal, premium or interest has
become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from
such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment
thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company
as trustee thereof, shall thereupon cease.

 

Section
1004.      Statement
as to Compliance. The Company will deliver to the Trustee, within 120 days after the end of each fiscal year of the Company
ending after the date hereof, a written statement, which need not comply with Section 102, signed by the principal executive officer,
the principal financial officer or the principal accounting officer of the Company stating, as to each signer thereof stating whether
or not to the knowledge of the signers thereof it is in default in the performance and observance of any of the terms, provisions,
and conditions of this Indenture (without regard to any period of grace or requirement of notice provided hereunder) and, if it
is in default, specifying all such defaults and the nature and status thereof of which they may have knowledge.

 

Section
1005.      Corporate
Existence. Subject to Article Eight, the Company will do or cause to be done all things necessary to preserve and keep
in full force and effect its corporate existence, rights (charter and statutory) and franchises; provided, however,
that the Company shall not be required to preserve any such right or franchise if, in the judgment of the Company, the preservation
thereof is no longer desirable in the conduct of the business of the Company.

 

Section
1006.      Waiver
of Certain Covenants. Except as otherwise specified as contemplated by Section 301 for Securities of such series,
the Company may, with respect to the Securities of any series, omit in any particular instance to comply with any term, provision
or condition set forth in (i) any additional covenants or restrictions specified with respect to the Securities of any series
as contemplated by Section 301 if before the time for such compliance the Holders of not less than a majority in aggregate
principal amount (or such larger proportion as may be required in respect of waiving a past default of any such additional covenant
or restriction) of the Outstanding Securities of all series of equal ranking with respect to which such covenant or restriction
was so specified, considered as one class, by Act of such Holders, either waive such compliance in such instance or generally waive
compliance with such term, provision or condition and (ii) Sections 1002 and 1004 and Article Eight if before the time for
such compliance the Holders of at least a majority in principal amount of Securities of all series of equal ranking Outstanding
under this Indenture by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such
term, provision or condition; but, in the case of clause (i) or (ii) of this Section, no such waiver shall extend to
or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver becomes effective,
the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in
full force and effect.

 

    	 	56	 

     

    

 

ARTICLE
Eleven

REDEMPTION OF SECURITIES

 

Section
1101.      Applicability
of Article. Securities of any series that are redeemable before their Stated Maturity (or, if the principal of the Securities
of any series is payable in installments, the Stated Maturity of the final installment of the principal thereof) shall be redeemable
in accordance with their terms and (except as otherwise specified as contemplated by Section 301(b) for Securities of any
series) in accordance with this Article.

 

Section
1102.      Election
to Redeem; Notice to Trustee. The election of the Company to redeem any Securities shall be evidenced by a Board Resolution
or an Officer’s Certificate. In case of any redemption at the election of the Company of less than all the Securities of
any series, the Company shall, at least 45 days prior to the Redemption Date fixed by the Company (unless a shorter notice is satisfactory
to the Trustee in its sole discretion), notify the Trustee of such Redemption Date and of the principal amount of Securities of
such series to be redeemed. In the case of any redemption of Securities (a) prior to the expiration of any restriction on
such redemption provided in the terms of such Securities or elsewhere in this Indenture, or (b) pursuant to an election of
the Company that is subject to a condition specified in the terms of such Securities the Company shall furnish the Trustee with
an Officer’s Certificate evidencing compliance with such restriction.

 

Section
1103.      Selection
by Trustee of Securities to Be Redeemed. If less than all the Securities of any series are to be redeemed, unless the procedures
of the Depositary provide otherwise, the particular Securities to be redeemed shall be selected by the Trustee, from the Outstanding
Securities of such series not previously called for redemption, by such method as is provided for any particular series, or, in
the absence of any such provision, by such method as the Trustee deems fair and appropriate and which may provide for the selection
for redemption of portions (equal to the minimum authorized denomination for Securities of that series or any integral multiple
thereof) of the principal amount of Securities of such series of a denomination larger than the minimum authorized denomination
for Securities of that series; provided, however, that if, as indicated in an Officer’s Certificate, the Company
has offered to purchase all or any principal amount of the Securities then Outstanding of any series, and less than all of such
Securities as to which such offer was made have been tendered to the Company for such purchase, the Trustee, if so directed by
Company Order, shall select for redemption all or any principal amount of such Securities that have not been so tendered.

 

The Trustee shall promptly
notify the Company and the Security Registrar in writing of the Securities selected for redemption and, in the case of any Securities
selected for partial redemption, the principal amount thereof to be redeemed and the method it has chosen for the selection of
such Securities.

 

    	 	57	 

     

    

 

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

 

Section
1104.      Notice
of Redemption. Unless otherwise specified as contemplated by Section 301 with respect to any series of Securities,
notice of redemption shall be given by electronic transmission or first-class mail, postage prepaid, mailed not less than 30 nor
more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed, at such Holder’s address appearing
in the Security Register.

 

All notices of redemption
shall state:

 

(1)              
the Redemption Date,

 

(2)              
the Redemption Price, or the formula pursuant to which the Redemption Price is to be determined if the Redemption Price
cannot be determined at the time notice is given,

 

(3)              
if less than all the Outstanding Securities of any series are to be redeemed, the identification (and, in the case of partial
redemption, the principal amounts) of the particular Securities to be redeemed, and the portion of the principal amount of any
Security to be redeemed in part and, in the case of any such Security of such series to be redeemed in part, that, on and after
the Redemption Date, upon surrender of such Security, a new Security or Securities of such series in principal amount equal to
the remaining unpaid principal amount thereof will be issued as provided in Section 1106,

 

(4)              
that on the Redemption Date the Redemption Price will become due and payable upon each such Security to be redeemed and,
if applicable, that interest thereon will cease to accrue on and after said date,

 

(5)              
the place or places where such Securities and all unmatured coupons are to be surrendered for payment of the Redemption
Price and accrued interest, if any,

 

(6)              
that the redemption is for a sinking fund, if such is the case,

 

(7)              
the CUSIP, “ISIN” or similar number(s), if any, assigned to such Securities; provided however, that such
notice may state that no representation is made as to the correctness of CUSIP, “ISIN” or similar number(s), and the
redemption of such Securities shall not be affected by any defect in or omission of such number(s), and

 

(8)              
such other matters as the Company shall deem desirable or appropriate.

 

Unless otherwise specified
with respect to any Securities in accordance with Section 301, with respect to any notice of redemption of Securities at the
election of the Company, unless, upon the giving of such notice, such Securities are deemed to have been paid in accordance with
Section 401, such notice may state that such redemption shall be conditional upon the receipt by the Paying Agent or Agents
for such Securities, on or prior to the date fixed for such redemption, of money sufficient to pay the principal of and premium,
if any, and interest, if any, on such Securities and that if such money has not been so received such notice shall be of no force
or effect and the Company shall not be required to redeem such Securities. In the event that such notice of redemption contains
such a condition and such money is not so received, the redemption shall not be made and within a reasonable time thereafter notice
shall be given, in the manner in which the notice of redemption was given, that such money was not so received and such redemption
was not required to be made, and the Paying Agent or Agents for the Securities otherwise to have been redeemed shall promptly return
to the Holders thereof any of such Securities that had been surrendered for payment upon such redemption.

 

    	 	58	 

     

    

 

Notice of redemption
of Securities to be redeemed at the election of the Company, and any notice of non-satisfaction of a condition for redemption as
aforesaid, shall be given by the Company or, at the Company’s request, by the Security Registrar in the name and at the expense
of the Company. Notice of mandatory redemption of Securities shall be given by the Security Registrar in the name and at the expense
of the Company.

 

Section
1105.      Securities
Payable on Redemption Date. (a) Notice of redemption having been given as aforesaid, and the conditions, if any, set forth
in such notice having been satisfied, the Securities or portions thereof so to be redeemed shall, on the Redemption Date, become
due and payable at the Redemption Price therein specified, and from and after such date (unless the Company defaults in the payment
of the Redemption Price and accrued interest, if any) such Securities, or portions thereof, if interest-bearing, shall cease to
bear interest. Upon surrender of any such Security together with all unmatured coupons for redemption in accordance with said notice,
such Security or portion thereof, if any, shall be paid by the Company at the Redemption Price, together with accrued interest,
if any, to the Redemption Date provided, however, 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 as
such at the close of business on the relevant Regular Record Dates according to their terms and the provisions of Section 307.

 

(b)              
If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any
premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security.

 

Section
1106.      Securities
Redeemed in Part. Any Security that is to be redeemed only in part shall be surrendered at a Place of Payment therefor
(with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory
to the Company and the Trustee duly executed by, the Holder thereof or his or her attorney duly authorized in writing), and the
Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a
new Security or Securities of the same series, of any authorized denomination as requested by such Holder, and of like tenor and
in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered.

 

    	 	59	 

     

    

 

ARTICLE
Twelve

REPAYMENT OF SECURITIES AT OPTION OF HOLDERS

 

Section
1201.      Applicability
of Article. Securities of any series that are repayable before their Stated Maturity at the option of the Holders shall
be repayable in accordance with their terms and (except as otherwise specified as contemplated by Section 301 for Securities
of any series) in accordance with this Article.

 

Section
1202.      Notice
of Repayment Date. Notice of any Repayment Date with respect to Securities of any series shall be given by the Company
not less than 30 nor more than 45 days prior to such Repayment Date (or at such other times as may be specified for such repayment
or repurchase pursuant to Section 301) to each Holder of Securities of such series in accordance with Section 106 (except
as otherwise specified as contemplated by Section 301 for Securities of any series).

 

The notice as to the
Repayment Date shall state (unless otherwise specified for such repayment or repurchase pursuant to Section 301):

 

(1)              
the Repayment Date;

 

(2)              
the principal amount of the Securities required to be repaid or repurchased and the Repayment Price (or the formula pursuant
to which the Repayment Price is to be determined if the Repayment Price cannot be determined at the time the notice is given);

 

(3)              
the place or places where such Securities are to be surrendered for payment of the Repayment Price, and accrued interest,
if any, and the date by which Securities must be so surrendered in order to be repaid or repurchased;

 

(4)              
that any Security not tendered or accepted for payment shall continue to accrue interest;

 

(5)              
that, unless the Company defaults in making such payment or the Paying Agent is prohibited from paying such money to the
Holders on that date pursuant to the terms of this Indenture, Securities accepted for payment pursuant to any such offer of repayment
or repurchase shall cease to accrue interest after the Repayment Date;

 

(6)              
that Holders electing to have a Security repaid or purchased pursuant to such offer may elect to have all or any portion
of such Security purchased;

 

(7)              
that Holders electing to have a Security repaid or repurchased pursuant to any such offer shall be required to surrender
the Security, with such customary documents of surrender and transfer as the Company may reasonably request, duly completed, or
transfer by book-entry transfer, to the Company or the Paying Agent at the address specified in the notice at least two Business
Days prior to the Repayment Date;

 

(8)              
that Holders shall be entitled to withdraw their election if the Company or the Paying Agent, as the case may be, receives,
not later than the expiration of the offer to repay or repurchase, a telegram, facsimile transmission or letter setting forth the
name of the Holder, the principal amount of the Security the Holder delivered for purchase and a statement that such Holder is
withdrawing its election to have such Security purchased;

 

    	 	60	 

     

    

 

(9)              
that, in the case of a repayment or repurchase of less than all Outstanding Securities of a series, the method of selection
of Securities to be repaid or repurchased to be applied by the Trustee if the principal amount of properly tendered Securities
exceeds the principal amount of the Securities to be repaid or repurchased;

 

(10)          
that Holders whose Securities are purchased only in part shall be issued new Securities of the same series equal in principal
amount to the unpurchased portion of the Securities surrendered (or transferred by book-entry transfer); and

 

(11)          
the CUSIP or other identification number, if any, printed on the Securities being repurchased and that no representation
is made as to the correctness or accuracy of the CUSIP or other identification number, if any, listed in such notice or printed
on the Securities.

 

Section
1203.      Securities
Payable on Repayment Date. The form of option to elect repurchase or repayment having been delivered as specified in the
form of Security for such series, the Securities of such series so to be repaid (after application of the method of selection described
pursuant to clause (9) of Section 1202, if the principal amount of properly tendered Securities exceeds the principal
amount of the Securities to be repaid or repurchased) shall, on the Repayment Date, become due and payable at the Repayment Price
applicable thereto and from and after such date (unless the Company defaults in the payment of the Repayment Price and accrued
interest) such Securities shall cease to bear interest. Upon surrender of any such Security for repayment in accordance with said
notice, such Security shall be paid by the Company at the Repayment Price together with accrued interest, if any, to the Repayment
Date; provided, however, that if a Security is repaid or repurchased on or after a Regular Record Date but on or
prior to the Stated Maturity of any installments of interest, then any accrued and unpaid interest due on such Stated Maturity
shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business
on the relevant Regular Record Dates according to their terms and the provisions of Section 307.

 

If any Security is
not paid upon surrender thereof for repayment, the principal (and premium, if any) shall, until paid, bear interest from the Repayment
Date at the rate prescribed therefor in such Security.

 

Section
1204.      Securities
Repaid in Part. Any Security that by its terms may be repaid in part at the option of the Holder and that is to be repaid
only in part shall be surrendered at any office or agency of the Company designated for that purpose pursuant to Section 1002
(with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory
to the Company and the Trustee duly executed by, the Holder thereof or his or her attorney duly authorized in writing), and the
Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a
new Security or Securities of the same series, as provided in Section 305, of any authorized denomination as requested by
such Holder, in aggregate principal amount equal to and in exchange for the unrepaid portion of the principal of the Security so
surrendered. This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an
original, but all such counterparts shall together constitute but one and the same instrument.

 

    	 	61	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Indenture to be duly executed, and their respective corporate seals to be hereunto affixed
and attested, all as of the date first above written.

 

	 	 	FIRST MID BANCSHARES, INC.
	 	 	 	 	 
	[CORPORATE SEAL]	 	 	 	 
	 	 	 	 	 
	 	 	By:	/s/ Joseph R. Dively	 
	 	 	Name: Joseph R. Dively	 
	 	 	Title: Chairman, President, and Chief Executive Officer
	 	 	 	 	 
	Attest:	 	 	 	 
	 	 	 	 	 
	/s/ Aaron Holt	 	 	 	 
	Secretary	 	 	 	 
	 	 	 	 	 
	 	 	U.S. Bank National Association
	 	 	 	 	 
	 	 	By:	/s/ Linda E. Garcia	 
	 	 	Name: Linda E. Garcia	 
	 	 	Title: Vice President	 

 

 

 

 

 

 

 

 

62

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