Document:

EX-4.3

 Exhibit 4.3 
  

 
 BAKER HUGHES NETHERLANDS FUNDING
COMPANY B.V. 
 and 
 BAKER
HUGHES CO-OBLIGOR, INC. 
 by and among 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. as 

Trustee, Registrar, Transfer Agent and Paying Agent 

THE BANK OF NEW YORK MELLON, LONDON BRANCH, as 

Paying Agent and Authentication Agent 

INDENTURE 
 Dated as of [•],
2020 
 DEBT SECURITIES 
  

 

 BAKER HUGHES NETHERLANDS FUNDING COMPANY B.V. 

BAKER HUGHES CO-OBLIGOR, INC. 

Certain Sections of this Indenture relating to Sections 310 through 318, inclusive, of the Trust Indenture Act of 1939 

 

			
	 Trust Indenture

Act Section
	  	 Indenture

Section

	 Section 310(a)(1)
	  	6.09
	 (a)(2)
	  	6.09
	 (a)(3)
	  	Not Applicable
	 (a)(4)
	  	Not Applicable
	 (b)
	  	6.08
	 Section 311(a)
	  	6.13
	 (b)
	  	6.13
	 Section 312(a)
	  	7.01
	 	  	7.02
	 (b)
	  	7.02
	 (c)
	  	7.02
	 Section 313(a)
	  	7.03
	 (b)
	  	7.03
	 (c)
	  	7.03
	 (d)
	  	7.03
	 Section 314(a)
	  	7.04
	 (a)(4)
	  	1.01
	 (b)
	  	Not Applicable
	 (c)(1)
	  	1.02
	 (c)(2)
	  	1.02
	 (c)(3)
	  	Not Applicable
	 (d)
	  	Not Applicable
	 (e)
	  	1.02
	 Section 315(a)
	  	6.01
	 (b)
	  	6.02
	 (c)
	  	6.01
	 (d)
	  	6.01
	 (e)
	  	5.14
	 Section 316(a)
	  	1.01
	 (a)(1)(A)
	  	5.02
	 	  	5.12
	 (a)(1)(B)
	  	5.13
	 (a)(2)
	  	Not Applicable
	 (b)
	  	5.08
	 (c)
	  	1.04
	 Section 317(a)(1)
	  	5.03
	 (a)(2)
	  	5.04
	 (b)
	  	10.03
	 Section 318(a)
	  	1.07

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

 TABLE OF CONTENTS 

 

							
	 	 	 	  	PAGE	 
	
	ARTICLE I	  

	 DEFINITIONS AND OTHER
PROVISIONS OF GENERAL APPLICATION
	  	 	1	 
			
	 Section 1.01.
	 	Definitions.	  	 	1	 
	 Section 1.02.
	 	Compliance Certificates and Opinions.	  	 	9	 
	 Section 1.03.
	 	Form of Documents Delivered to Trustee.	  	 	9	 
	 Section 1.04.
	 	Acts of Holders; Record Dates.	  	 	10	 
	 Section 1.05.
	 	Notices, Etc., to Trustee and the Issuers.	  	 	12	 
	 Section 1.06.
	 	Notice to Holders; Waiver; E-mail Instructions	  	 	13	 
	 Section 1.07.
	 	Conflict with Trust Indenture Act.	  	 	13	 
	 Section 1.08.
	 	Effect of Headings and Table of Contents.	  	 	14	 
	 Section 1.09.
	 	Successors and Assigns.	  	 	14	 
	 Section 1.10.
	 	Separability Clause.	  	 	14	 
	 Section 1.11.
	 	Benefits of Indenture.	  	 	14	 
	 Section 1.12.
	 	Governing Law.	  	 	14	 
	 Section 1.13.
	 	Legal Holidays.	  	 	14	 
	 Section 1.14.
	 	No Adverse Interpretation of Other Agreements.	  	 	15	 
	 Section 1.15.
	 	No Personal Liability of Directors, Officers, Employees and Stockholders.	  	 	15	 
	 Section 1.16.
	 	Language of Notices, Etc.	  	 	15	 
	 Section 1.17.
	 	Force Majeure.	  	 	15	 
	 Section 1.18.
	 	Waiver of Jury Trial.	  	 	15	 
	 Section 1.19.
	 	E-Signing.	  	 	15	 
	 Section 1.20.
	 	FATCA.	  	 	16	 
	
	ARTICLE II	  

	 SECURITY FORMS
	  	 	17	 
			
	 Section 2.01.
	 	Forms Generally.	  	 	17	 
	 Section 2.02.
	 	Form of Face of Security.	  	 	18	 
	 Section 2.03.
	 	Form of Reverse of Security.	  	 	20	 
	 Section 2.04.
	 	Form of Legend for Global Securities.	  	 	24	 
	 Section 2.05.
	 	Form of Trustee’s Certificate of Authentication.	  	 	24	 
	
	ARTICLE III	  

	 THE SECURITIES
	  	 	25	 
			
	 Section 3.01.
	 	Amount Unlimited; Issuable in Series.	  	 	25	 
	 Section 3.02.
	 	Denominations.	  	 	28	 
	 Section 3.03.
	 	Execution, Authentication, Effectuation, Delivery and Dating.	  	 	28	 
	 Section 3.04.
	 	Temporary Securities.	  	 	30	 
	 Section 3.05.
	 	Registration, Registration of Transfer and Exchange.	  	 	31	 
	 Section 3.06.
	 	Mutilated, Destroyed, Lost and Wrongfully Taken Securities.	  	 	33	 

  
 i 

							
	 Section 3.07.
	 	Payment of Interest; Interest Rights Preserved.	  	 	34	 
	 Section 3.08.
	 	Persons Deemed Owners.	  	 	35	 
	 Section 3.09.
	 	Cancellation.	  	 	36	 
	 Section 3.10.
	 	Computation of Interest.	  	 	36	 
	 Section 3.11.
	 	CUSIP Numbers.	  	 	36	 
	
	ARTICLE IV	  

	 SATISFACTION AND DISCHARGE
	  	 	36	 
			
	 Section 4.01.
	 	Satisfaction and Discharge of Indenture.	  	 	36	 
	 Section 4.02.
	 	Application of Trust Money.	  	 	37	 
	
	ARTICLE V	  

	 REMEDIES
	  	 	38	 
			
	 Section 5.01.
	 	Events of Default.	  	 	38	 
	 Section 5.02.
	 	Acceleration of Maturity; Rescission and Annulment.	  	 	39	 
	 Section 5.03.
	 	Collection of Indebtedness and Suits for Enforcement by Trustee.	  	 	40	 
	 Section 5.04.
	 	Trustee May File Proofs of Claim.	  	 	41	 
	 Section 5.05.
	 	Trustee May Enforce Claims Without Possession of Securities.	  	 	41	 
	 Section 5.06.
	 	Application of Money Collected.	  	 	42	 
	 Section 5.07.
	 	Limitation on Suits.	  	 	42	 
	 Section 5.08.
	 	Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert.	  	 	43	 
	 Section 5.09.
	 	Restoration of Rights and Remedies.	  	 	43	 
	 Section 5.10.
	 	Rights and Remedies Cumulative.	  	 	43	 
	 Section 5.11.
	 	Delay or Omission Not Waiver.	  	 	43	 
	 Section 5.12.
	 	Control by Holders.	  	 	44	 
	 Section 5.13.
	 	Waiver of Past Defaults.	  	 	44	 
	 Section 5.14.
	 	Undertaking for Costs.	  	 	44	 
	 Section 5.15.
	 	Waiver of Usury, Stay or Extension Laws.	  	 	45	 
	
	ARTICLE VI	  

	 THE TRUSTEE
	  	 	45	 
			
	 Section 6.01.
	 	Certain Duties and Responsibilities.	  	 	45	 
	 Section 6.02.
	 	Notice of Defaults.	  	 	46	 
	 Section 6.03.
	 	Certain Rights of Trustee.	  	 	46	 
	 Section 6.04.
	 	Not Responsible for Recitals or Issuance of Securities.	  	 	48	 
	 Section 6.05.
	 	May Hold Securities.	  	 	48	 
	 Section 6.06.
	 	Money Held in Trust.	  	 	48	 
	 Section 6.07.
	 	Compensation and Reimbursement.	  	 	48	 
	 Section 6.08.
	 	Conflicting Interests.	  	 	49	 
	 Section 6.09.
	 	Corporate Trustee Required; Eligibility.	  	 	49	 
	 Section 6.10.
	 	Resignation and Removal; Appointment of Successor.	  	 	50	 
	 Section 6.11.
	 	Acceptance of Appointment by Successor.	  	 	51	 
	 Section 6.12.
	 	Merger, Conversion, Consolidation or Succession to Business.	  	 	52	 

  
 ii 

							
	 Section 6.13.
	 	Preferential Collection of Claims Against the Issuers.	  	 	53	 
	 Section 6.14.
	 	Appointment of Authenticating Agent.	  	 	53	 
	
	ARTICLE VII	  

	 HOLDERS’ LISTS AND
REPORTS BY TRUSTEE AND THE ISSUERS
	  	 	55	 
			
	 Section 7.01.
	 	Issuers to Furnish Trustee Names and Addresses of Holders.	  	 	55	 
	 Section 7.02.
	 	Preservation of Information; Communications to Holders.	  	 	55	 
	 Section 7.03.
	 	Reports by Trustee.	  	 	55	 
	 Section 7.04.
	 	Reports by Issuers.	  	 	56	 
	
	ARTICLE VIII	  

	 CONSOLIDATION, MERGER, CONVEYANCE,
TRANSFER OR LEASE
	  	 	56	 
			
	 Section 8.01.
	 	Issuers May Consolidate, Etc., Only on Certain Terms.	  	 	56	 
	 Section 8.02.
	 	Successor Substituted.	  	 	57	 
	
	ARTICLE IX	  

	 SUPPLEMENTAL INDENTURES
	  	 	57	 
			
	 Section 9.01.
	 	Supplemental Indentures Without Consent of Holders.	  	 	57	 
	 Section 9.02.
	 	Supplemental Indentures With Consent of Holders.	  	 	58	 
	 Section 9.03.
	 	Execution of Supplemental Indentures.	  	 	60	 
	 Section 9.04.
	 	Effect of Supplemental Indentures.	  	 	60	 
	 Section 9.05.
	 	Conformity with Trust Indenture Act.	  	 	60	 
	 Section 9.06.
	 	Reference in Securities to Supplemental Indentures.	  	 	60	 
	
	ARTICLE X	  

	 COVENANTS
	  	 	61	 
			
	 Section 10.01.
	 	Payment of Principal, Premium and Interest.	  	 	61	 
	 Section 10.02.
	 	Maintenance of Office or Agency.	  	 	61	 
	 Section 10.03.
	 	Money for Securities Payments to Be Held in Trust.	  	 	62	 
	 Section 10.04.
	 	Corporate Existence.	  	 	64	 
	 Section 10.05.
	 	Statement by Officers as to Default.	  	 	64	 
	 Section 10.06.
	 	Waiver of Certain Covenants.	  	 	64	 
	
	ARTICLE XI	  

	 REDEMPTION OF SECURITIES
	  	 	64	 
			
	 Section 11.01.
	 	Applicability of Article.	  	 	64	 
	 Section 11.02.
	 	Election to Redeem; Notice to Trustee.	  	 	65	 
	 Section 11.03.
	 	Selection by Trustee of Securities to Be Redeemed.	  	 	65	 
	 Section 11.04.
	 	Notice of Redemption.	  	 	66	 
	 Section 11.05.
	 	Deposit of Redemption Price.	  	 	67	 
	 Section 11.06.
	 	Securities Payable on Redemption Date.	  	 	67	 
	 Section 11.07.
	 	Securities Redeemed in Part.	  	 	67	 

  
 iii 

							
	
	ARTICLE XII	  

	 SINKING FUNDS
	  	 	68	 
			
	 Section 12.01.
	 	Applicability of Article.	  	 	68	 
	 Section 12.02.
	 	Satisfaction of Sinking Fund Payments with Securities.	  	 	68	 
	 Section 12.03.
	 	Redemption of Securities for Sinking Fund.	  	 	68	 
	
	ARTICLE XIII	  

	 DEFEASANCE AND COVENANT
DEFEASANCE
	  	 	69	 
			
	 Section 13.01.
	 	Issuers’ Option to Effect Defeasance or Covenant Defeasance.	  	 	69	 
	 Section 13.02.
	 	Defeasance and Discharge.	  	 	69	 
	 Section 13.03.
	 	Covenant Defeasance.	  	 	70	 
	 Section 13.04.
	 	Conditions to Defeasance or Covenant Defeasance.	  	 	70	 
	 Section 13.05.
	 	Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions.	  	 	72	 
	 Section 13.06.
	 	Reinstatement.	  	 	72	 

  
 iv 

 INDENTURE, dated as of [•], 2020, between BAKER HUGHES NETHERLANDS FUNDING COMPANY
B.V., a private limited liability company duly organized and existing under the laws of the Netherlands (herein called the “Issuer”) having its principal office at Boezemschop 8, 1724BJ Oudkarspel, Netherlands and BAKER HUGHES CO-OBLIGOR, INC., a corporation duly organized and existing under the laws of Delaware (herein called the “Co-Issuer” and together with the Issuer, the
“Issuers”) having its principal office at 17021 Aldine Westfield Road, Houston, Texas 77073 and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee, Registrar, Transfer Agent and a Paying Agent (herein called the
“Trustee”) and THE BANK OF NEW YORK MELLON, LONDON BRANCH, as a Paying Agent and Authentication Agent. 
 RECITALS OF THE
ISSUERS 
 The Issuers have duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time
of their unsecured debentures, notes or other evidences of indebtedness (herein called the “Securities”), to be issued in one or more series as in this Indenture provided. 

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

NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

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

DEFINITIONS AND OTHER PROVISIONS OF GENERAL
APPLICATION 
 Section 1.01. Definitions. 

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

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

(b) all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings
assigned to them therein; 
 (c) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with
GAAP; 
 (d) unless the context otherwise requires, any reference to an “Article” or a “Section” refers to an Article or
a Section, as the case may be, of this Indenture; 

 (e) the words “herein”, “hereof” and “hereunder” and other
words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; and 
 (f) when
used with respect to any Security, the words “convert”, “converted” and “conversion” are intended to refer to the right of the Holder or the Issuers to convert or exchange such Security into or for securities or other
property in accordance with such terms, if any, as may hereafter be specified for such Security as contemplated by Section 3.01, and these words are not intended to refer to any right of the Holder or the Issuers to exchange such Security for
other Securities of the same series and like tenor pursuant to Section 3.04, 3.05, 3.06, 9.06 or 11.07 or another similar provision of this Indenture, unless the context otherwise requires; and references herein to the terms of any Security
that may be converted mean such terms as may be specified for such Security as contemplated in Section 3.01. 
 “Act”,
when used with respect to any Holder, has the meaning specified in Section 1.04. 
 “Affiliate” of any specified
Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified
Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have
meanings correlative to the foregoing. 
 “Applicable Law” means any law or regulation. 

“Applicable Procedures” of a CSK means, with respect to any matter at any time, the policies and procedures of such CSK, if
any, that are applicable to such matter at such time. 
 “Authenticating Agent” means, when used with respect to Securities
of any series, any Person authorized by the Trustee to act on behalf of the Trustee to authenticate the Securities of such series. With respect to Securities issued under the New Safekeeping Structure, the Issuer hereby initially appoints The Bank
of New York Mellon, London Branch as authenticating agent. 
 “Authority” means any competent regulatory, prosecuting, Tax
or governmental authority in any jurisdiction. 
 “Board of Directors” means either the board of directors of the Issuers
or any duly authorized committee of that board. 
 “Board Resolution” means a copy of a resolution certified by a member of
the Board of Directors, the Secretary or an Assistant Secretary of the Issuers 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. Where any
provision of this Indenture refers to action to be taken pursuant to a Board Resolution (including the establishment of any series of the Securities and the forms and terms thereof), such action may be taken by any officer or employee of the Issuers
authorized to take such action by the Board of Directors as evidenced by a Board Resolution. 

  
 2 

 “Business Day”, when used with respect to any Place of Payment, means each
Monday, Tuesday, Wednesday, Thursday and Friday which is not (a) a day on which banking institutions in that Place of Payment are authorized or obligated by law or executive order to close, or (b) day on which the Trans-European Automated
Real-time Gross Settlement Express Transfer system (the TARGET2 system), or any successor thereto, is closed; provided that, when used with respect to any Security, “Business Day” may have such other meaning, if any, as may be specified
for such Security as contemplated by Section 3.01. 
 “Clearing System” means Euroclear or Clearstream, as the case
may be and/or any additional or alternative clearing system approved by the Issuers, the Trustee and the Paying Agent (provided that such additional or alternative clearing system must also be authorized to hold the Securities as eligible collateral
for Eurosystem monetary policy and intra-day credit operations) collectively. 

“Clearstream” means Clearstream Banking, société anonyme and its successors. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended. 

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

“Common Service Provider” means, with respect to the Securities issued in the form of one or more Global Securities under the
New Safekeeping Structure, the Person appointed by a CSK to service such Securities. 
 “Corporate Trust Office” means the
designated office of the Trustee in Houston, Texas at which at any particular time its corporate trust business shall be administered and which, at the date hereof, is located at 601 Travis Street, 16th Floor, Houston Texas 77002, Attention:
Corporate Trust Administration, or at such other address as the Trustee may designate from time to time by notice to the Holders and the Issuers, or the principal corporate trust office of any successor Trustee. 

“corporation” means a corporation, association, company (including a limited liability company), joint-stock company,
business trust or other similar entity. 
 “Covenant Defeasance” has the meaning specified in Section 13.03. 

“CSK” means, with respect to Securities issued in the form of one or more Global Securities under the New Safekeeping
Structure, Euroclear or Clearstream acting in the capacity of common safe-keeper of the Global Security or another Person designated as common safe-keeper by Euroclear or Clearstream. 

  
 3 

 “Defaulted Interest” has the meaning specified in
Section 3.07. 
 “Defeasance” has the meaning specified in Section 13.02. 

“Euroclear” means Euroclear Bank S.A./N.V., and its successors, as operator of the Euroclear System. 

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

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

“FATCA Withholding” means any withholding or deduction required pursuant to an agreement described in section 1471(b) of the
Code, or otherwise imposed pursuant to sections 1471 through 1474 of the Code, any regulations or agreements thereunder, any official interpretations thereof, or any law implementing an intergovernmental approach thereto. 

“GAAP” means, at any time, (i) generally accepted accounting principles set forth in the opinions and pronouncements of
the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a
significant segment of the accounting profession in the United States or (ii) if at such time the Issuers are required to prepare their financial statements for reports filed with the Commission under Section 13 or 15(d) of the Exchange
Act pursuant to standards other than those specified in clause (i) (which may include International Financial Reporting Standards), such other standards, in each case which are in effect at such time. 

“Global Security” means a Security that evidences all or part of the Securities of any series and bears the legend set forth
in Section 2.04 (or such legend as may be specified as contemplated by Section 3.01 for such Securities). 

“Holder” means a Person in whose name a Security is registered in the Security Register. 

“ICSDs” means Euroclear and Clearstream. 

“Indenture” means this instrument as originally executed and as it may from time to time be supplemented or amended by one or
more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument and any such supplemental indenture, the provisions of the Trust Indenture Act that are deemed to be a part
of and govern this instrument and any such supplemental indenture, respectively. The term “Indenture” shall also include the terms of particular series of Securities established as contemplated by Section 3.01. 

  
 4 

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

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

“interest”, when used with respect to an Original Issue Discount Security which by its terms bears interest only after
Maturity, means interest payable after Maturity. 
 “Interest Payment Date”, when used with respect to any Security, means
the Stated Maturity of an installment of interest on such Security. 
 “Maturity”, when used with respect to any Security,
means the date on which the principal of such Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 

“New Safekeeping Structure” means the structure under which registered Global Securities intended to be recognized as
eligible collateral for Eurosystem monetary policy and intra-day credit operations by the Eurosystem must be issued. Registered Global Securities issued under the New Safekeeping Structure must be registered
in the name of a nominee of the CSK and safekept by the CSK. 
 “NSS Securities” means Global Securities issued under the
New Safe Keeping Structure. 
 “Notice of Default” means a written notice of the kind specified in Section 5.01(d).

 “Officers’ Certificate” means a certificate signed by any two of the following: a Chairman of the Board, a Chief
Executive Officer, a President, a Vice President, a Treasurer, an Assistant Treasurer, a Secretary or an Assistant Secretary of the Issuers, or any other officer or officers of the Issuers designated in a writing by or pursuant to authority of the
Board of Directors and delivered to the Trustee from time to time. 
 “Opinion of Counsel” means a written opinion of
counsel, who may be an employee of or counsel for the Issuers. 

  
 5 

 “Original Issue Discount Security” means any Security which provides for an
amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.02. 

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

(c) Securities as to which Defeasance has been effected pursuant to Section 13.02; 

(d) Securities which have been paid pursuant to Section 3.06 or in exchange for or in lieu of which other Securities have been
authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a protected purchaser in whose hands
such Securities are valid obligations of the Issuers; and 
 (e) Securities as to which any property deliverable upon conversion thereof has
been delivered (or such delivery has been duly provided for), or as to which any other particular conditions have been satisfied, in each case as may be provided for such Securities as contemplated in Section 3.01; 

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

  
 6 

 “Paying Agent” means any Person authorized by the Issuers to pay the
principal of or any premium or interest on any Securities on behalf of the Issuers. With respect to Securities issued under the New Safekeeping Structure, the Issuers hereby initially appoint The Bank of New York Mellon, London Branch as paying
agent. 
 “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 and subject to Section 10.02, means the place or places where the principal of and any premium and interest on the Securities of that series are payable as specified as contemplated by Section 3.01. 

“Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same debt
as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.06 in exchange for or in lieu of a mutilated, destroyed, lost or wrongfully taken Security shall
be deemed to evidence the same debt as the mutilated, destroyed, lost or wrongfully taken Security. 
 “Redemption Date”,
when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture. 

“Redemption Price”, when used with respect to any Security to be redeemed, means the price at which it is to be redeemed
pursuant to this Indenture. 
 “Regular Record Date” for the interest payable on any Interest Payment Date on the
Securities of any series means the date specified for that purpose as contemplated by Section 3.01. 
 “Responsible
Officer”, when used with respect to the Trustee, means any officer of the Trustee within the corporate trust department, including any Vice President, assistant secretary, assistant treasurer, assistant cashier, trust officer, assistant
trust officer or assistant controller assigned to the Corporate Trust Office, or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a
particular corporate trust matter, any other officer of the Trustee to whom such matter is referred because of his knowledge of and familiarity with the particular subject, and who shall have direct responsibility for the administration of this
Indenture. 

  
 7 

 “Securities” has the meaning stated in the first recital of this Indenture
and more particularly means any Securities authenticated and delivered under this Indenture. 
 “Securities Act” means the
Securities Act of 1933 and any statute successor thereto, in each case as amended from time to time. 
 “Security Register”
and “Security Registrar” have the respective meanings specified in Section 3.05. 
 “Special Record
Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 3.07. 
 “Stated
Maturity”, when used with respect to any Security or any installment of principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of
principal or interest is due and payable. 
 “Subsidiary” means any Person a majority of the combined voting power of the
total outstanding ownership interests in which is, at the time of determination, beneficially owned or held, directly or indirectly, by the Issuers or one or more other Subsidiaries. For this purpose, “voting power” means power to vote in
an ordinary election of directors (or, in the case of a Person that is not a corporation, ordinarily to appoint or approve the appointment of Persons holding similar positions), whether at all times or only as long as no senior class of ownership
interests has such voting power by reason of any contingency. 
 “Tax” means any present or future taxes, duties,
assessments or governmental charges of whatever nature imposed, levied, collected, withheld or assessed by or on behalf of any Authority having power to tax. 

“TARGET Business Day” means a day on which the TARGET System is open for the settlement of payments in euro. 

“TARGET System” means the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) system or any
successor thereto. 
 “Trustee” means the Person named as the “Trustee” in the first paragraph of this instrument
until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder, and if at any time there is more than one
such Person, “Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect to Securities of that series. 

  
 8 

 “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at
the date as of which this instrument was executed; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment,
the Trust Indenture Act of 1939 as so amended. 
 “Uniform Commercial Code” means the Uniform Commercial Code in effect in
the State of Delaware or the State of New York, as applicable, in each case as amended from time to time. 
 “U.S. Government
Obligation” has the meaning specified in Section 13.04. 
 “Vice President”, when used with respect to the
Issuers or the Trustee, means any vice president, whether or not designated by a number or a word or words added before or after the title “vice president”. 

Section 1.02. Compliance Certificates and Opinions. 

Upon any application or request by the Issuers to the Trustee to take any action under any provision of this Indenture, the Issuers shall
furnish to the Trustee such certificates and opinions as may be required under the Trust Indenture Act. Each such certificate or opinion shall be given in the form of an Officers’ Certificate, if to be given by an officer of the Issuers, or an
Opinion of Counsel, if to be given by counsel, and shall comply with the requirements of the Trust Indenture Act and any other requirements set forth in this Indenture. 

Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 

(a) a statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein
relating thereto; 
 (b) a brief statement as to the nature and scope of the examination or investigation upon which the statements or
opinions contained in such certificate or opinion are based; 
 (c) a statement that, in the opinion of each such individual, he has made
such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

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

Section 1.03. Form of Documents Delivered to Trustee. 

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

  
 9 

 Any certificate or opinion of an officer of the Issuers may be based, insofar as it relates
to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are
erroneous. Any such certificate or opinion of, or representation by, counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the Issuers stating that the
information with respect to such factual matters is in the possession of the Issuers, unless such counsel knows that the certificate or opinion or representations with respect to such matters are erroneous. 

Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or
other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
 Section 1.04. Acts of
Holders; Record Dates. 
 Any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by
this Indenture to be given, made or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent or agents 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 Issuers. Such instrument or instruments (and the action
embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall
be sufficient for any purpose of this Indenture and (subject to Section 6.01) conclusive in favor of the Trustee and the Issuers, if made in the manner provided in this Section. 

Without limiting the generality of this Section, unless otherwise provided in or pursuant to this Indenture, a Holder, including a CSK or its
nominee that is a Holder of a Global Security, may give, make or take, by an agent or agents duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted in or pursuant to
this Indenture to be given, made or taken by Holders, and a CSK or its nominee that is a Holder of a Global Security may duly appoint in writing as its agent or agents members of, or participants in, such CSK holding interests in such Global
Security in the records of such CSK. 
 The fact and date of the execution by any Person of any such instrument or writing may be proved by
the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the
execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such
instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 

  
 10 

 The ownership of Securities shall be proved by the Security Register. 

Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future
Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Issuers in
reliance thereon, whether or not notation of such action is made upon such Security. 
 The Issuers may set any day as a record date for the
purpose of determining the Holders of Outstanding Securities of any series entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given,
made or taken by Holders of Securities of such series, provided that the Issuers may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving, making or taking of any notice, declaration, request or
direction referred to in the next paragraph. If any record date is set pursuant to this paragraph, the Holders of Outstanding Securities of the relevant series on such record date, and no other Holders, shall be entitled to give, make or take the
relevant action, whether or not such Holders remain Holders after such record date; provided, however, that no such action shall be effective hereunder unless given, made or taken on or prior to the applicable Expiration Date by
Holders of the requisite principal amount of Outstanding Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Issuers from setting a new record date for any action for which a record date has
previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be canceled and of no effect), and nothing in this paragraph shall be construed to render ineffective any
action given, made or taken by Holders of the requisite principal amount of Outstanding Securities of the relevant series on the date such action is given, made or taken. Promptly after any record date is set pursuant to this paragraph, the Issuers,
at their own expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Trustee in writing and to each Holder of Securities of the relevant series in the manner set forth in
Sections 1.05 and 1.06. 
 The Trustee may set any day as a record date for the purpose of determining the Holders of Outstanding Securities
of any series entitled to join in the giving, making or taking of (i) any Notice of Default, (ii) any declaration of acceleration referred to in Section 5.02, (iii) any request to institute proceedings referred to in
Section 5.07(b) or (iv) any direction referred to in Section 5.12, in each case with respect to Securities of such series. If any record date is set pursuant to this paragraph, the Holders of Outstanding Securities of such series on
such record date, and no other Holders, shall be entitled to give, make or take such notice, declaration, request or direction, whether or not such Holders remain Holders after such record date; provided, however, that no such action
shall be effective hereunder unless given, made or taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of such series on such record date. Nothing in this paragraph shall be
construed to prevent the Trustee from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person
be canceled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action given, made or taken by Holders of the requisite principal amount of Outstanding Securities of the relevant series on the date such
action is given, made or taken. Promptly after any record date is set pursuant to this paragraph, the Trustee, at the Issuers’ expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to
be given to the Issuers in writing and to each Holder of Securities of the relevant series in the manner set forth in Sections 1.05 and 1.06. 

  
 11 

 With respect to any record date set pursuant to this Section, the party hereto which sets
such record date may designate any day as the “Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the proposed new
Expiration Date is given to the other party hereto in writing, and to each Holder of Securities of the relevant series in the manner set forth in Section 1.06, on or prior to the existing Expiration Date. If an Expiration Date is not designated
with respect to any record date set pursuant to this Section, the party hereto which set such record date shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect thereto, subject to its
right to change the Expiration Date to an earlier day as provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the applicable record date. 

Without limiting the foregoing, a Holder entitled hereunder to give, make or take any action hereunder with regard to any particular Security
may do so, in person or by an agent duly appointed in writing, with regard to all or any part of the principal amount of such Security. 

Section 1.05. Notices, Etc., to Trustee and the Issuers. 

Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this
Indenture to be made upon, given or furnished to, or filed with, (i) the Trustee by any Holder or by the Issuers shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing (which may be by facsimile
transmission) to or with the Trustee at its Corporate Trust Office, Attention: Corporate Trust Administration, with a copy (which shall not constitute notice) to the Trustee at 601 Travis Street, 16th Floor, Houston Texas 77002, Attention: Corporate
Trust Administration or any other address previously furnished in writing to the Issuers and the Holders by the Trustee or (ii) the Issuers 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 Issuers addressed to them at the addresses of their principal offices specified in the first paragraph of this instrument or at any other address previously furnished
in writing to the Trustee by the Issuers. 

  
 12 

 Section 1.06. Notice to Holders; Waiver;
E-mail Instructions  
 Where this Indenture provides for notice to Holders of any
event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at his address as it appears in the Security Register, not
later than the latest date (if any), and not earlier than the earliest date (if any), prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any
notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such
notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver. 
 The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by
unsecured e-mail, pdf, facsimile transmission or other similar unsecured electronic methods, provided, however, that the Trustee shall have received an incumbency certificate listing persons designated to give
such instructions or directions and containing specimen signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the listing. If the Issuers elect 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 such instructions
conflict or are inconsistent with a subsequent written instruction. The Issuers agree to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including without limitation the risk
of the Trustee acting on unauthorized instructions, and risk or interception and misuse by third parties. 
 Where this Indenture provides
for notice of any event to a Holder of a Global Security, such notice shall be sufficiently given if given to the CSK for such Security (or its designee), pursuant to its Applicable Procedures, not later than the latest date (if any), and not
earlier than the earliest date (if any), prescribed for the giving of such notice. 
 Section 1.07. Conflict with Trust Indenture
Act. 
 If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act which is required under such
Act to be a part of and govern this Indenture, the latter provision shall control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act which may be so modified or excluded, the latter provision shall be
deemed to apply to this Indenture as so modified or to be excluded, as the case may be. 

  
 13 

 Section 1.08. Effect of Headings and Table of Contents. 

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

Section 1.09. Successors and Assigns. 

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

Section 1.10. Separability Clause. 

In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 1.11. Benefits of
Indenture. 
 Nothing in this Indenture or in the Securities, express or implied, shall give to any Person, other than the parties hereto
and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture, except as may otherwise be provided pursuant to Section 3.01 with respect to any Securities of a particular
series or under this Indenture with respect to such Securities. 
 Section 1.12. Governing Law. 

This Indenture and the Securities and the rights and obligations of the parties hereto and thereto, including the interpretation, construction,
validity and enforceability thereof, shall be governed by and construed and interpreted in accordance with the law of the State of New York. 

Section 1.13. Legal Holidays. 

In any case where any Interest Payment Date, Redemption Date or Maturity of any Security, or any date on which a Holder has the right to
convert his Security, shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or of the Securities (other than a provision of any Security which specifically states that such provision shall
apply in lieu of this Section)) payment of interest or principal (and premium, if any), or conversion of such Security 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, or at the Maturity, or on such date for conversion, as the case may be. 

  
 14 

 Section 1.14. No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret any other indenture, loan or other agreement of the Issuers or their Subsidiaries or of any other
Person. Any such indenture, loan or other agreement may not be used to interpret this Indenture. 
 Section 1.15. No Personal
Liability of Directors, Officers, Employees and Stockholders. 
 No past, present or future director, officer, employee, incorporator or
stockholder of the Issuers, as such, will have any liability for any obligations of the Issuers under the Securities or this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of
Securities by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities. The waiver may not be effective to waive liabilities under the federal securities laws.

 Section 1.16. Language of Notices, Etc. 

Any request, demand, authorization, direction, notice, consent, waiver, other action or Act provided or permitted under this Indenture shall be
in the English language, except that any published notice may be in an official language of the country of publication. 

Section 1.17. Force Majeure. 

Subject to Section 6.01, 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, epidemics, accidents, acts of war or terrorism, civil or military disturbances, nuclear or
natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts that are consistent with
accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
 Section 1.18.
Waiver of Jury Trial. 
 EACH OF THE ISSUERS AND THE TRUSTEE HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS INDENTURE. 

Section 1.19. E-Signing. 

The words “execution,” signed,” “signature,” “manual signature” and words of like import in this Indenture
shall include images of manually executed signatures transmitted by facsimile or other electronic format (including, without limitation, “pdf”, “tif” or “jpg”) and other electronic signatures (including, without
limitation, DocuSign and AdobeSign or any other electronic process or digital signature provider as specified in writing to the Trustee and agreed to by the Trustee in its sole discretion). The use of electronic signatures and electronic records
(including, without limitation, any contract or other record created, generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a
paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any other applicable
law, including, without limitation, any state law based on the Uniform Electronic Transactions Act. Each party agrees that any amendment or supplemental hereto, any other documents delivered hereunder may be electronically or digitally signed using
DocuSign (or any other electronic process or digital signature provider as specified in writing to the Trustee and agreed to by the Trustee in its sole discretion), and that any such electronic or digital signatures appearing on this Indenture, any
amendment or supplemental hereto, and any other documents delivered hereunder are the same as handwritten signatures for the purposes of validity, enforceability and admissibility. 

  
 15 

 Section 1.20. FATCA. 

(a) Mutual Undertaking Regarding Information Reporting and Collection Obligations. Each party shall, within ten business days of a
written request by another party, supply to that other party such forms, documentation and other information relating to it, its operations, or any Securities as that other party reasonably requests for the purposes of that other party’s
compliance with an Applicable Law and shall notify the relevant other party reasonably promptly in the event that it becomes aware that any of the forms, documentation or other information provided by such party is (or becomes) inaccurate in any
material respect; provided, however, that no party shall be required to provide any forms, documentation or other information pursuant to this Section 1.20 to the extent that: (i) any such form, documentation or other information (or the
information required to be provided on such form or documentation) is not reasonably available to such party and cannot be obtained by such party using reasonable efforts; or (ii) doing so would or might in the reasonable opinion of such party
constitute a breach of any: (a) Applicable Law; (b) fiduciary duty; or (c) duty of confidentiality. For purposes of this Section 1.20, “Applicable Law” shall be deemed to include (i) any rule or practice of any
Authority by which any party is bound or with which it is accustomed to comply; (ii) any agreement between any Authorities; and (iii) any agreement between any Authority and any party that is customarily entered into by institutions of a
similar nature. 
 (b) Notice of Possible Withholding Under FATCA. The Issuers shall notify each Paying Agent in the event that they
determine that any payment to be made by an Paying Agent under any Security is a payment which could be subject to FATCA Withholding if such payment were made to a recipient that is generally unable to receive payments free from FATCA Withholding,
and the extent to which the relevant payment is so treated, provided, however, that the Issuers’ obligation under this Section 1.20 shall apply only to the extent that such payments are so treated by virtue of characteristics of the
Issuers, such Securities, or both. 

  
 16 

 (c) Paying Agent Right to Withhold. Notwithstanding any other provision of
this Indenture, each agent shall be entitled to make a deduction or withholding from any payment which it makes under any Securities for or on account of any Tax, if and only to the extent so required by Applicable Law, in which event the paying
agent shall make such payment after such deduction or withholding has been made and shall account to the relevant Authority within the time allowed for the amount so deducted or withheld or, at its option, shall reasonably promptly after making such
payment return to the Issuers the amount so deducted or withheld, in which case, the Issuers shall so account to the relevant Authority for such amount. For the avoidance of doubt, FATCA Withholding is a deduction or withholding which is deemed to
be required by Applicable Law for the purposes of this Section 1.20. 
 (d) Issuers Right to Redirect. In the event that the
Issuers determine in their sole discretion that any deduction or withholding for or on account of any Tax will be required by an Applicable Law in connection with any payment due to any of the Paying Agents on any Securities, then the Issuers will
be entitled to redirect or reorganize any such payment in any way that they see fit in order that the payment may be made without such deduction or withholding provided that, any such redirected or reorganized payment is made through a recognized
institution of international standing and otherwise made in accordance with this Indenture. The Issuers will promptly notify the Paying Agents and the Trustee of any such redirection or reorganization. For the avoidance of doubt, FATCA Withholding
is a deduction or withholding which is deemed to be required by an Applicable Law for the purposes of this Section. 
 ARTICLE II 

SECURITY FORMS 

Section 2.01. Forms Generally. 

The Securities of each series shall be in substantially the form set forth in this Article, or in such other form as shall be established by or
pursuant to a Board Resolution or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and may have such letters,
numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or CSK therefor or as may, consistently herewith, be determined by the officers executing
such Securities, as evidenced by their execution thereof. If the form of Securities of any series is established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an
Assistant Secretary of the Issuers and delivered to the Trustee at or prior to the delivery of the Issuers Order contemplated by Section 3.03 for the authentication by the Trustee and effectuation by the CSK in the case of NSS Securities and
delivery of such Securities. 
 The definitive Securities shall be printed, lithographed or engraved on steel engraved borders or may be
produced in any other manner, all as determined by the officers executing such Securities, as evidenced by their execution of such Securities. 

  
 17 

 Section 2.02. Form of Face of Security. 

[Insert any legend required by the Internal Revenue Code and the regulations thereunder.] 

BAKER HUGHES NETHERLANDS FUNDING COMPANY B.V. 

BAKER HUGHES CO-OBLIGOR, INC. 

 

					
	 No _________
	  	 EUR
	  	 CUSIP No._______________

		  	 ____________________
	  	

 This certifies that the person whose name is entered in the register maintained by the Security Registrar in
relation to the Securities (the “Register”) is the duly registered holder (the “Holder”) of the Securities in the aggregate principal amount of €_______ or such other amount as is shown on the Register as being represented
by this Global Security and is duly endorsed (for information purposes only) in the fourth column of the Schedule of Increases and Decreases in Note attached to this Global Security. 

BAKER HUGHES NETHERLANDS FUNDING COMPANY B.V., a private limited liability company duly organized and existing under the laws of the
Netherlands (herein called the “Issuer”, which term includes any successor Person under the Indenture hereinafter referred to) and BAKER HUGHES CO-OBLIGOR, INC., a corporation duly organized
and existing under the laws of the State of Delaware (herein called the “Co-Issuer”, which term includes any successor Person under the Indenture hereinafter referred to, and together with the
Issuer, the “Issuers”) for value received, hereby promise to pay to _____________, or registered assigns, the principal sum of ________________ Euros on _____________ [if the Security is to bear interest prior to Maturity,
insert — , and to pay interest thereon from __________ or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on __________ and ______ in each year, commencing __________ , and at the
Maturity thereof, at the rate of __________ % per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such
Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the ______ or ______ (whether or not a Business
Day), as the case may be, next preceding such Interest Payment Date. Any such interest so payable, but not punctually paid or duly provided for, will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to
the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to
Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid in any other lawful manner not inconsistent with the requirements of any securities exchange on which this Security may be listed, and upon such
notice as may be required by such exchange, all as more fully provided in said Indenture]. 

  
 18 

 [If the Security is not to bear interest prior to Maturity, insert — The principal of
this Security shall not bear interest except in the case of a default in payment of principal upon acceleration, upon redemption or at Stated Maturity and in such case the overdue principal and any overdue premium shall bear interest at the rate
of    % per annum (to the extent that the payment of such interest shall be legally enforceable), from the dates such amounts are due until they are paid or made available for payment. Interest on any overdue principal or premium
shall be payable on demand.] 
 Payment of the principal of (and premium, if any) and [if applicable, insert — any such] interest on
this Security will be made at the office or agency of the Issuers maintained for that purpose in a Place of Payment, in Euros, against surrender of this Security in the case of any payment due at the Maturity of the principal thereof or any payment
of interest becomes payable on a day other than an Interest Payment Date; provided, however, that if this Security is not a Global Security, (i) payment of interest on an Interest Payment Date will be made by check mailed to the
address of the Person entitled thereto as such address shall appear in the Security Register; and all other payments will be made by check against surrender of this Security; (ii) all payments by check will be made in next-day funds (i.e., funds that become available on the day after the check is cashed); and (iii) notwithstanding clauses (i) and (ii) above, with respect to any payment of any amount due on this
Security, if this Security is in a denomination of at least €1,000,000 and the Holder hereof at the time of surrender hereof or, in the case of any payment of interest on any Interest Payment Date, the Holder thereof on the related Regular
Record Date delivers a written request to the Paying Agent to make such payment by wire transfer at least five Business Days before the date such payment becomes due, together with appropriate wire transfer instructions specifying an account at a
bank in a Place of Payment, the Issuers shall make such payment by wire transfer of immediately available funds to such account at such bank in such Place of Payment, any such wire instructions, once properly given by a Holder as to this Security,
remaining in effect as to such Holder and this Security unless and until new instructions are given in the manner described above and provided further, that notwithstanding anything in the foregoing to the contrary, if this Security is a
Global Security, payment shall be made pursuant to the Applicable Procedures of the CSK as permitted in said Indenture. 
 This Global
Security shall not be valid for any purposes until an authorized signatory of the Security Registrar (or an authenticating agent acting on its behalf) has signed the certificate of authentication appearing on this Security and until it has been
effectuated for or on behalf of the entity appointed as common safe-keeper by the relevant Clearing Systems. 
 Reference is hereby made to
the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual, facsimile or
electronic signature, or by manual signature of the Trustee and effectuated by the CSK in the case of NSS Securities, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 19 

 IN WITNESS WHEREOF, the Issuers have caused this instrument to be duly executed under their
corporate seal. 
  

			
	
	BAKER HUGHES NETHERLANDS FUNDING COMPANY B.V.
		
	By:	 	 
		 	 Name:

		 	 Title:

  

			
	
	 BAKER HUGHES CO-OBLIGOR,
INC.

		
	By:	 	 
		 	 Name:

		 	 Title:

  

			
	
	 EFFECTUATED FOR AND ON BEHALF OF:

[EUROCLEAR BANK S.A./N.V.]

[CLEARSTREAM BANKING, SOCIETE ANONYME]

as common safe-keeper, without recourse,

warranty or liability

		
	By:	 	 
		 	 Name:

		 	 Title: Authorized Signatory

 Section 2.03. Form of Reverse of Security. 

This Security is one of a duly authorized issue of senior securities of the Issuers (herein called the “Securities”), issued
and to be issued in one or more series under an Indenture, dated as of [•], 2020 (herein called the “Indenture”, which term shall have the meaning assigned to it in such instrument), between the Issuers and The Bank of New York
Mellon Trust Company, N.A., as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations
of rights, duties and immunities thereunder of the Issuers, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on
the face hereof [if applicable, insert—limited in aggregate principal amount to €______. 

  
 20 

 [If applicable, insert — The Securities of this series are subject to redemption upon
not less than 30 days’ nor more than 60 days’ notice, at any time [if applicable, insert — on or after _________, 20__], as a whole or in part, at the election of the Issuers, at the following Redemption Prices (expressed as
percentages of the principal amount): If redeemed [if applicable, insert — on or before _________, ____%, and if redeemed] during the 12-month period beginning _________of the years indicated, 

 

							
	 Year
	  	 Redemption

Price
	  	 Year
	  	 Redemption

Price

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

[If the Security is subject to redemption of any kind, insert — In the event of redemption of this Security in part only, a new Security
or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.] 

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

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

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

  
 21 

 The Indenture permits, with certain exceptions as therein provided, the amendment thereof
and the modification of the rights and obligations of the Issuers and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Issuers and the Trustee with the consent of the Holders of a
majority in principal amount of the Securities at the time Outstanding of all series to be affected (considered together as one class for this purpose). The Indenture also contains provisions (i) permitting the Holders of a majority in
principal amount of the Securities at the time Outstanding of all series to be affected under the Indenture (considered together as one class for this purpose), on behalf of the Holders of all Securities of such series, to waive compliance by the
Issuers with certain provisions of the Indenture and (ii) permitting the Holders of a majority in principal amount of the Securities at the time Outstanding of any series to be affected under the Indenture (with each such series considered
separately for this purpose), on behalf of the Holders of all Securities of such series, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and
binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this
Security. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to
institute any proceeding with respect to the Indenture, or for the appointment of a receiver or trustee, or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default
with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such
Event of Default as Trustee and offered the Trustee indemnity reasonably satisfactory to it, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction
inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for
the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
Issuers, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

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

  
 22 

 The Securities of this series are issuable only in registered form without coupons in
denominations of €100,000 and any integral multiple thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of
this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge
shall be made for any such registration of transfer or exchange, but the Issuers may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Security for registration of transfer, the Issuers, the Trustee and any agent of the Issuers or the Trustee
may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Issuers, the Trustee nor any such agent shall be affected by notice to the contrary. 

Whilst any Securities are represented by a Global Security, all payments due in respect of the Securities shall be made to, or to the order
of, the holder of the Global Security, subject to and in accordance with the provisions of the Global Security, and each payment so made will discharge the Issuers’ obligations in respect thereof. On the occasion of each payment, the Paying
Agent shall procure that the amount so paid shall be entered pro rata in the records of the relevant Clearing Systems but any failure to make such entries shall not affect the discharge referred to in the previous sentence. 

For so long as the Securities are represented by a Global Security, the Issuers shall procure that the details of such redemption, payment or
purchase and cancellation (as the case may be) be entered pro rata in the records of the relevant Clearing Systems and, upon any such entry being made, the nominal amount of the Securities recorded in the records of the relevant Clearing Systems and
represented by the Global Security shall be reduced by the aggregate nominal amount of the Securities so redeemed or purchased and cancelled or by the aggregate amount of such installment so paid. 

It is intended that the Securities, whilst represented by one or more Global Securities, will be recognized as eligible collateral for
Eurosystem monetary policy and intra-day credit operations by the Eurosystem either upon issue, or at any or all times during their life. 

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

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

  
 23 

 Section 2.04. Form of Legend for Global Securities. 

Unless otherwise specified as contemplated by Section 3.01 for the Securities evidenced thereby, every Global Security authenticated and
delivered hereunder shall bear a legend in substantially the following form: 
 THIS CERTIFICATE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE NOMINEE OF THE ENTITY APPOINTED AS COMMON SAFE-KEEPER (THE “CSK”) FOR CLEARSTREAM BANKING, SOCIÉTÉ ANONYME (“CLEARSTREAM”) AND EUROCLEAR BANK S.A./N.V.
(“EUROCLEAR” AND, TOGETHER WITH CLEARSTREAM, THE “CLEARING SYSTEMS”). 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE CSK, TO THE ISSUER OR ITS AGENTS FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF THE CSK OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
CSK (AND ANY PAYMENT IS MADE TO THE CSK OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE CSK), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED
OWNER HEREOF, THE CLEARING SYSTEMS, HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO
NOMINEES OF THE CSK OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE. 
 Section 2.05. Form of
Trustee’s Certificate of Authentication. 
 The Trustee’s certificates of authentication shall be in
substantially the following form: 
 This is one of the Securities of the series designated herein and referred to in the within-mentioned
Indenture. 
  

			
	
	 THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A.

		
	By:    	 	 
		 	 Authorized Signatory

  
 24 

 ARTICLE III 

THE SECURITIES 

Section 3.01. Amount Unlimited; Issuable in Series. 

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

The Securities may be issued in one or more series. There shall be established in or pursuant to a Board Resolution and, subject to
Section 3.03, set forth, or determined in the manner provided, in an Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series, 

(a) the title of the Securities of the series (which shall distinguish the Securities of the series from Securities of any other series); 

(b) any limit upon the aggregate principal amount of the Securities of the series which may be authenticated and delivered under this
Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 3.04, 3.05, 3.06, 9.06 or 11.07 and except for any Securities
which, pursuant to Section 3.03, are deemed never to have been authenticated and delivered hereunder); 
 (c) the Person to whom any
interest on a Security of the series shall be payable, if other than the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; 

(d) the date or dates on which the principal of any Securities of the series is payable; 

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

(f) the place or places where the principal of and any premium and interest on any Securities of the series shall be payable and the manner in
which any payment may be made; 
 (g) the period or periods within which, the price or prices at which and the terms and conditions upon
which any Securities of the series may be redeemed, in whole or in part, at the option of the Issuers and, if other than by a Board Resolution, the manner in which any election by the Issuers to redeem the Securities shall be evidenced; 

(h) the obligation, if any, of the Issuers to redeem or purchase any Securities of the series 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 any Securities of the series shall be redeemed or purchased, in whole or in part, pursuant
to such obligation; 

  
 25 

 (i) if other than denominations of €1,000 and any multiple thereof, the denominations
in which any Securities of the series shall be issuable; 
 (j) if the amount of principal of or any premium or interest on any Securities
of the series may be determined with reference to an index or pursuant to a formula, the manner in which such amounts shall be determined; 

(k) if other than the currency of the United States of America, the currency, currencies, composite currency, composite currencies or currency
units in which the principal of or any premium or interest on any Securities of the series shall be payable and the manner of determining the equivalent thereof in the currency of the United States of America for any purpose, including for the
purposes of making payment in the currency of the United States of America and applying the definition of “Outstanding” in Section 1.01; 

(l) if the principal of or any premium or interest on any Securities of the series is to be payable, at the election of the Issuers or the
Holder thereof, in one or more currencies, composite currencies or currency units other than that or those in which such Securities are stated to be payable, the currency, currencies, composite currency, composite currencies or currency units in
which the principal of or any premium or interest on such Securities as to which such election is made shall be payable, the periods within which and the terms and conditions upon which such election is to be made and the amount so payable (or the
manner in which such amount shall be determined); 
 (m) if other than the entire principal amount thereof, the portion of the principal
amount of any Securities of the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 5.02; 

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

 (o) if applicable, that the Securities of the series, in whole or any specified part, shall not be defeasible pursuant to
Section 13.02 or Section 13.03 or both such Sections, and, if such Securities may be defeased, in whole or in part, pursuant to either or both such Sections, any provisions to permit a pledge of obligations other than U.S. Government
Obligations (or the establishment of other arrangements) to satisfy the requirements of Section 13.04(a) for defeasance of such Securities and, if other than by a Board Resolution, the manner in which any election by the Issuers to defease such
Securities shall be evidenced; 

  
 26 

 (p) if applicable, that any Securities of the series shall be issuable in whole or in part
in the form of one or more Global Securities and, in such case, the respective CSK for such Global Securities, the form of any legend or legends which shall be borne by any such Global Security in addition to or in lieu of that set forth in
Section 2.04, any addition to, elimination of or other change in the circumstances set forth in Clause (2) of the penultimate paragraph of Section 3.05 in which any such Global Security may be exchanged in whole or in part for
Securities registered, and any transfer of such Global Security in whole or in part may be registered, in the name or names of Persons other than the CSK for such Global Security or a nominee thereof and any other provisions governing exchanges or
transfers of any such Global Security; 
 (q) any addition to, elimination of or other change in the Events of Default which applies to any
Securities of the series and any change in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 5.02; 

(r) any addition to, elimination of or other change in the covenants set forth in Article X which applies to Securities of the series; 

(s) any provisions necessary to permit or facilitate the issuance, payment or conversion of any Securities of the series that may be converted
into securities or other property other than Securities of the same series and of like tenor, whether in addition to, or in lieu of, any payment of principal or other amount and whether at the option of the Issuers or otherwise; 

(t) if applicable, that Persons other than those specified in Section 1.11 shall have such benefits, rights, remedies and claims with
respect to any Securities of the series or under this Indenture with respect to such Securities, as and to the extent provided for such Securities; 

(u) if applicable, a statement that it is intented that the Securities, whilst represented by one or more Global Securities, will be
recognized as eligible collateral for Eurosystem monetary policy and intra-day credit operations by the Eurosystem either upon issue, or at any or all times during their life; and 

(v) any other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture, except as permitted
by
 Section 9.01(e)). 
 All Securities of any one series shall be substantially identical except as to denomination and except
as may otherwise be provided in or pursuant to the Board Resolution referred to above and (subject to Section 3.03) set forth, or determined in the manner provided, in the Officers’ Certificate referred to above or in any such indenture
supplemental hereto. 

  
 27 

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

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

Section 3.03. Execution, Authentication, Effectuation, Delivery and Dating. 

The Securities shall be executed on behalf of the Issuers by their Chairman of the Board, President or a Vice President of the Issuers (or any
other officer of the Issuers designated in writing by or pursuant to authority of the Board of Directors and delivered to the Trustee from time to time), under its corporate seal reproduced, which may be by facsimile, thereon attested by their
Secretary or an Assistant Secretary of the Issuers. The signature of any of these officers on the Securities may be manual, by facsimile or electronic transmission. Signatures by facsimile or electronic transmission shall be of the same legal
effect, validity or enforceability as a manually executed signature in ink or the use of a paper-based recordkeeping system, as applicable, to the fullest extent and as provided for in any applicable law, including the Federal Electronic Signatures
in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, and any other similar state laws based on the Uniform Electronic Transactions Act; provided that, notwithstanding anything herein to the contrary, the
Trustee is not under any obligation to accept electronic signatures in any form or in any format unless expressly agreed to by such Trustee pursuant to procedures approved by such Trustee. In the case of NSS Securities issued hereunder in the form
of Global Securities, the NSS Securities shall be executed by manual signature of the Trustee and effectuated by the manual signature of the CSK, unless otherwise agreed by the Trustee and the CSK. 

Securities bearing the manual, facsimile or electronic signatures of individuals who were at any time the proper officers of the Issuers shall
bind the Issuers, 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 or the date the CSK
effectuates the Global Security. 
 At any time and from time to time after the execution and delivery of this Indenture, the Issuers may
deliver Securities of any series executed by the Issuers to the Trustee for authentication, together with a Issuers Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Issuers Order shall authenticate
and deliver such Securities. In the case of NSS Securities issued hereunder in the form of Global Securities, the Trustee shall initially authenticate the Securities for original issue on the date of issuance upon a written order of the Issuers and
if such written order of the Issuers so specifies, shall instruct, or cause the Paying Agent or the Authenticating Agent to instruct, the CSK to effectuate such Securities. If the form or terms of the Securities of the series have been established
by or pursuant to one or more Board Resolutions as permitted by Sections 2.01 and 3.01, in authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be
entitled to receive, and (subject to Section 6.01) shall be fully protected in relying upon, an Opinion of Counsel stating, 

  
 28 

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

(c) that such Securities, when authenticated and delivered by the Trustee (and, in the case of NSS Securities issued in the form of Global
Securities, effectuated by the CSK) and issued by the Issuers in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Issuers 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 and to general equity principles and subject to any limitation with
respect to payments in currency other than U.S. dollars. 
 If such form or terms have been so established, the Trustee shall not be
required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not
reasonably acceptable to the Trustee. 
 Notwithstanding the provisions of Section 3.01 and of the preceding paragraph, if all
Securities of a series are not to be originally issued at one time, it shall not be necessary to deliver the Officers’ Certificate otherwise required pursuant to Section 3.01 or the Issuers Order and Opinion of Counsel otherwise required
pursuant to such preceding paragraph at or prior to the authentication of each Security of such series if such documents are delivered at or prior to the authentication upon original issuance of the first Security of such series to be issued. 

The Securities shall not be valid until an authorized signatory of the Trustee (with respect to definitive Securities and the Security
Registrar with respect to Global Securities) authenticates each Security by manual, facsimile or electronic signature and, in the case of the Global Securities issued under the New Safekeeping Structure, the Trustee authenticates each Global
Security by manual signature and they are effectuated by the CSK by manual signature, unless otherwise agreed. The signature of the Trustee or the Security Registrar on each Security and, in the case of a Global Securities, evidence via facsimile
transmission, electronic means or such other evidence in writing as may be acceptable to the Security Registrar of the execution by the CSK of the certificate of effectuation on such Securities shall be conclusive evidence that such Securities have
been duly and validly authenticated, effectuated and issued under this Indenture. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Issuers, and the Issuers shall
deliver such Security to the Trustee for cancellation as provided in Section 3.09, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the
benefits of this Indenture. 

  
 29 

 The Issuers authorize and instructs the Security Registrar to (i) authenticate the
Global Securities, (ii) transmit such Global Securities electronically to the CSK and to give effectuation instructions in respect of the Global Securities following its authentication thereof and (iii) instruct the Clearing Systems to
make appropriate entries in their records to reflect the initial outstanding aggregate principal amount of the Securities. 
 Where the
Security Registrar delivers any authenticated Global Security to a CSK for effectuation using electronic means, it is authorized and instructed to destroy the Global Security retained by it following its receipt of confirmation from the CSK that the
relevant Global Security has been effectuated. 
 Each Security shall be dated the date of its authentication or, if later (in the case of a
Global Security), effectuation. 
 Section 3.04. Temporary Securities. 

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

If temporary Securities of any series are issued, the Issuers 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 Issuers 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 Issuers shall execute and the Trustee shall
authenticate and deliver in exchange therefor one or more definitive Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount. Until so exchanged, the temporary Securities of any series shall in
all respects be entitled to the same benefits under this Indenture as definitive Securities of such series and tenor. 

  
 30 

 Section 3.05. Registration, Registration of Transfer and Exchange. 

The Issuers shall cause to be kept at each office or agency of the Issuers designated as a Place of Payment pursuant to the first paragraph of
Section 10.02 a register (the register maintained in each such office or agency of the Issuers 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 Issuers shall provide for the registration of Securities and of transfers of Securities. Each such office or agency is hereby appointed “Security Registrar” for the purpose of registering
Securities and transfers of Securities as herein provided. 
 Upon surrender for registration of transfer of any Security of a series at the
office or agency of the Issuers in a Place of Payment for that series, the Issuers shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of the same series,
of any authorized denominations and of like tenor and aggregate principal amount. 
 At the option of the Holder, Securities of any series
may be exchanged for other Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so
surrendered for exchange, the Issuers shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. 

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

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

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

 If the Securities of any series (or of any series and specified tenor) are to be redeemed in whole or in part, the Issuers shall not be
required (i) to issue, register the transfer of or exchange any Securities of that series (or of that series and specified tenor, as the case may be) during a period beginning at the opening of business 15 days before the day of selection of
any such Securities for redemption under Section 11.03 and ending at the close of business on the day of such selection, 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. 

  
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 The provisions of Clauses (a), (b), (c), (d) and (e) below shall apply only to Global
Securities deposited with the CSK, as common safe-keeper for the Clearing Systems: 
 (a) Each Global Security shall (i) be registered
in the name of a nominee of the CSK for and in respect of interests held through, the Clearing Systems, (ii) be delivered to the CSK as the common safe-keeper for the Clearing Systems and (ii) bear legends as set forth in Section 2.04
hereof. 
 (b) Members of, or participants in, the Clearing Systems (“Agent Members”) shall have no rights under this Indenture
with respect to any Global Security held on their behalf by the Clearing Systems or by the CSK as common safe-keeper for the Clearing Systems or under such Global Security, and the nominee of the CSK may be treated by the Issuers, the Trustee, the
Security Registrar and any agent of the Issuers, the Trustee or the Security Registrar as the absolute owner of such Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuers, the Trustee or
any agent of the Issuers or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Clearing Systems or impair, as between the CSK, the Clearing Systems and its Agent Members, the operation of
customary practices of the Clearing Systems governing the exercise of the rights of a Holder of a beneficial interest in any Global Security. 

(c) In connection with any transfer of a portion of the beneficial interest in a Global Security to beneficial owners who are required to hold
definitive Securities, the Security Registrar and, pursuant to Section hereof, the Paying Agent shall procure that the Clearing Systems reflect in their books and records the date and a decrease in the principal amount of such Global Security in an
amount equal to the principal amount of the beneficial interest in the Global Security to be transferred, and the Issuers shall execute, and the Trustee shall authenticate and deliver, one or more definitive Securities of like tenor and amount. 

(d) In connection with the transfer of an entire Global Security to beneficial owners, such Global Security shall be deemed to be surrendered
to the Security Registrar for cancellation, and the Paying Agent will inform the CSK and procure that the relevant amendments are made in the records of the Clearing Systems and the Issuers shall execute, and the Trustee shall authenticate and
deliver, to each beneficial owner identified by the Clearing Systems in exchange for its beneficial interest in such Global Security, an equal aggregate principal amount of definitive Securities of authorized denominations. 

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

  
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 Every Person who takes or holds any beneficial interest in a Global Security agrees that:

 (a) the Issuers and the Trustee may deal with the CSK as sole owner of the Global Security and as the authorized representative of such
Person; 
 (b) such Person’s rights in the Global Security shall be exercised only through the CSK and shall be limited to those
established by law and agreement between such Person and the CSK and/or direct and indirect participants of the CSK; 
 (c) the CSK and its
participants make book-entry transfers of beneficial ownership among, and receive and transmit distributions of principal and interest on the Global Securities to, such Persons in accordance with the Applicable Procedures of the CSK; and 

(d) none of the Issuers, the Trustee nor any agent of the Issuers or the Trustee will have any responsibility or liability for any aspect of
the records relating to or payments made on account of beneficial ownership interests of a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 

Section 3.06. Mutilated, Destroyed, Lost and Wrongfully Taken Securities. 

If (a) any mutilated Security is surrendered to the Trustee or (b) both (i) there shall be delivered to the Issuers and the Trustee
(A) a claim by a Holder as to the destruction, loss or wrongful taking of any Security of such Holder and a request thereby for a new replacement Security of the same series, and (B) such indemnity bond as may be required by them to save
each of them and any agent of either of them harmless and (ii) such other reasonable requirements as may be imposed by the Issuers as permitted by Section 8-405 of the Uniform Commercial Code have been satisfied, then, in the absence of
notice to the Issuers or the Trustee that such Security has been acquired by a “protected purchaser” within the meaning of Section 8-405 of the Uniform Commercial Code, the Issuers shall execute and upon its request the Trustee shall
authenticate and deliver, in lieu of any such mutilated, destroyed, lost or wrongfully taken Security, a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously Outstanding. 

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

Every new Security of any series issued pursuant to this Section in lieu of any destroyed, lost or wrongfully taken Security shall constitute
an original additional contractual obligation of the Issuers, whether or not the destroyed, lost or wrongfully taken Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and
proportionately with any and all other Securities of that series duly issued hereunder. 

  
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 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 wrongfully taken Securities. 

Section 3.07. Payment of Interest; Interest Rights Preserved. 

Except as otherwise provided as contemplated by Section 3.01 with respect to any Securities of a series, interest on any Security which is
payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for
such interest (or, if no business is conducted by the Trustee at its Corporate Trust Office on such date, at 5:00 P.M. on the Place of Payment on such date). 

Any interest on any Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date
(herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Issuers, at their
election in each case, as provided in Clause (a) or (b) below: 
 (a) The Issuers may elect to make payment of any Defaulted Interest
payable on any Securities of a series to the Persons in whose names such Securities (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 Issuers shall notify the Trustee or, in the case of Securities issued in the form of a Global Security under the New Safekeeping Structure, the CSK, in writing of the amount of Defaulted Interest proposed to be
paid on each of such Securities and the date of the proposed payment, and at the same time the Issuers 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 Issuers 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. Upon receipt of notice from the Issuers, the Trustee, in the name and at the expense of the Issuers, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date
therefor to be given to each Holder of such Securities in the manner set forth in Section 1.06, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date
therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names such Securities (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer
be payable pursuant to the following Clause (b). 

  
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 (b) The Issuers may make payment of any Defaulted Interest on any Securities of a 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 Issuers to the Trustee of the
proposed payment pursuant to this Clause, such manner of payment shall be deemed practicable by the Trustee. 
 Except as may otherwise be
provided in this Section 3.07 or as contemplated in Section 3.01 with respect to any Securities of a series, the Person to whom interest shall be payable on any Security that first becomes payable on a day that is not an Interest Payment
Date shall be the Holder of such Security on the day such interest is paid. 
 Subject to the foregoing provisions of this Section, each
Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 

In the case of any Security which is converted after any Regular Record Date and on or prior to the next succeeding Interest Payment Date
(other than any Security whose Maturity is prior to such Interest Payment Date), interest whose Stated Maturity is on such Interest Payment Date shall be payable on such Interest Payment Date notwithstanding such conversion, and such interest
(whether or not punctually paid or duly provided for) shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on such Regular Record Date. Except as otherwise expressly
provided in the immediately preceding sentence, in the case of any Security which is converted, interest whose Stated Maturity is after the date of conversion of such Security shall not be payable. Notwithstanding the foregoing, the terms of any
Security that may be converted may provide that the provisions of this paragraph do not apply, or apply with such additions, changes or omissions as may be provided thereby, to such Security. 

Section 3.08. Persons Deemed Owners. 

Prior to due presentment of a Security for registration of transfer, the Issuers, the Trustee and any agent of the Issuers or the Trustee may
treat the Person in whose name such Security is registered as the owner of such Security for the purpose of receiving payment of principal of and any premium and (subject to Section 3.07) any interest on such Security and for all other purposes
whatsoever, whether or not such Security be overdue, and neither the Issuers, the Trustee nor any agent of the Issuers or the Trustee shall be affected by notice to the contrary. 

  
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 Section 3.09. Cancellation. 

All Securities surrendered for payment, redemption, registration of transfer or exchange or conversion or for credit against any sinking fund
payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly canceled by it. The Issuers may at any time deliver to the Trustee for cancellation any Securities previously authenticated and
delivered hereunder which the Issuers may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the
Issuers have not issued and sold, and all Securities so delivered shall be promptly canceled by the Trustee. No Securities shall be authenticated by the Trustee, and effectuated in the case of NSS Securities effectuated by the CSK, in lieu of or in
exchange for any Securities canceled as provided in this Section, except as expressly permitted by this Indenture. All canceled Securities held by the Trustee shall be disposed of as directed by a Issuers Order; provided, however, that
the Trustee shall not be required to destroy such canceled Securities. 
 Section 3.10. Computation of Interest. 

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

Section 3.11. CUSIP Numbers. 

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

ARTICLE IV 

SATISFACTION AND DISCHARGE 

Section 4.01. Satisfaction and Discharge of Indenture. 

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

(i) all such Securities theretofore authenticated and delivered (other than (A) Securities which have been destroyed, lost
or wrongfully taken and which have been replaced or paid as provided in Section 3.06 and (B) Securities for whose payment money, together with any and all other amounts due and owing under the Indenture, has theretofore been deposited in
trust or segregated and held in trust by the Issuers and thereafter repaid to the Issuers or discharged from such trust, as provided in Section 10.03) have been delivered to the Trustee for cancellation; or 

  
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 (ii) all such Securities not theretofore delivered to the Trustee for
cancellation 
 (A) have become due and payable, or 

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

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

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

Subject to the provisions of the last paragraph of Section 10.03, all money deposited with the Trustee pursuant to Section 4.01 with
respect to Securities of any series shall be held in trust and applied by it, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuers acting as their
own Paying Agents) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such money has been deposited with the Trustee. All moneys deposited with the Trustee pursuant to
Section 4.01 (and held by it or any Paying Agent) for the payment of Securities subsequently converted shall be returned to the Issuers upon Issuers Request. 

  
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 ARTICLE V 

REMEDIES 

Section 5.01. Events of Default. 

“Event of Default”, wherever used herein with respect to Securities of any series, means any one of the following events
(whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or
governmental body): 
 (a) default in the payment of any interest upon any Security of that series when it becomes due and payable, and
continuance of such default for a period of 30 days; or 
 (b) default in the payment of the principal of or any premium on any Security of
that series at its Maturity; or 
 (c) default in the deposit of any sinking fund payment, when and as due by the terms of a Security of
that series and continuance of such default for a period of 60 days; or 
 (d) default in the performance, or breach, of any covenant or
warranty of the Issuers 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 series of Securities other than that series), and continuance of such default or breach for a period of 90 days after there has been given, by registered or certified mail, to the Issuers by the Trustee or to the Issuers and the Trustee
by the Holders of at least 25% in principal amount of the Outstanding Securities of that series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default”
hereunder; or 
 (e) the entry by a court having jurisdiction in the premises of (i) a decree or order for relief in respect of the
Issuers in an involuntary case or proceeding under any applicable Netherlands or U.S. Federal or State bankruptcy, insolvency, reorganization or other similar law or (ii) a decree or order adjudging the Issuers bankrupt or insolvent, or
approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Issuers under any applicable Netherlands or U.S. Federal or State law, or appointing a custodian, receiver, liquidator,
assignee, trustee, sequestrator or other similar official of the Issuers or of any substantial part of their 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 (provided that, if any Person becomes the successor to the Issuers pursuant to Article VIII and such Person is organized and validly existing under the law of a
jurisdiction outside the Netherlands or the United States, each reference in this Clause (e) to an applicable Netherlands or U.S. Federal or State law of a particular kind shall be deemed to refer to such law or any applicable comparable law of
such non-Netherlands or non-U.S. jurisdiction, for as long as such Person is the successor to the Issuers hereunder and is so organized and existing); or 

  
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 (f) the commencement by the Issuers of a voluntary case or proceeding under any applicable
Netherlands or U.S. 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 Issuers in an involuntary case or proceeding under any applicable Netherlands or U.S. 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 Netherlands or U.S. Federal or State law, or the consent by it to the filing of such petition or to the appointment
of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Issuers or of any substantial part of their property, or the making by it of an assignment for the benefit of creditors,
or the admission by it in writing of their inability to pay their debts generally as they become due, or the taking of corporate action by the Issuers in furtherance of any such action (provided that, if any Person becomes the successor to the
Issuers pursuant to Article VIII and such Person is organized and validly existing under the law of a jurisdiction outside the Netherlands or the United States, each reference in this Clause (f) to an applicable Netherlands or U.S. Federal or
State law of a particular kind shall be deemed to refer to such law or any applicable comparable law of such non-Netherlands or non-U.S. jurisdiction, for as long as
such Person is the successor to the Issuers hereunder and is so organized and existing); or 
 (g) any other Event of Default provided with
respect to Securities of that series in accordance with Section 3.01. 
 Section 5.02. Acceleration of Maturity; Rescission and
Annulment. 
 If an Event of Default (other than an Event of Default specified in Section 5.01(e) or 5.01(f)) with respect to
Securities of any series at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of that series may declare the principal amount of
all the Securities of that series (or, in the case of any Security of that series which specifies an amount to be due and payable thereon upon acceleration of the Maturity thereof, such amount as may be specified by the terms thereof) to be due and
payable immediately, by a notice in writing to the Issuers (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) shall become immediately due and payable. If an Event of Default specified
in Section 5.01(e) or 5.01(f) with respect to Securities of any series at the time Outstanding occurs, the principal amount of all the Securities of that series (or, in the case of any Security of that series which specifies an amount to be due and
payable thereon upon acceleration of the Maturity thereof, such amount as may be specified by the terms thereof) shall automatically, and without any declaration or other action on the part of the Trustee or any Holder, become immediately due and
payable. 

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

(ii) the principal of (and premium, if any, on) any Securities of that series which have become due otherwise than by such
declaration of acceleration and any interest thereon at the rate or rates prescribed therefor in such Securities, 
 (iii) to
the extent that payment of such interest is lawful, interest upon overdue interest at the rate or rates prescribed therefor in such Securities, and 

(iv) all sums paid or advanced by the Trustee hereunder and the reasonable compensation, fees, costs, expenses, disbursements
and advances of the Trustee, its agents and counsel; and 
 (b) all Events of Default with respect to Securities of that series, other than
the non-payment of the principal of Securities of that series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 5.13. 

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

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

The Issuers covenant that if 

(a) default is made in the payment of any interest on any Security when such interest becomes due and payable and such default continues for a
period of 60 days, or 
 (b) default is made in the payment of the principal of (or premium, if any, on) any Security at the Maturity
thereof, the Issuers will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then due and payable on such Securities for principal and any premium and interest and, to the extent that payment
of such interest shall be legally enforceable, interest on any overdue principal and premium and on any overdue interest, at the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be
sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

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

Section 5.04. Trustee May File Proofs of Claim. 

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

No provision of this Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder
any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding; 

provided, however, that the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a
member of a creditors’ or other similar committee. 
 Section 5.05. Trustee May Enforce Claims Without Possession of
Securities. 
 All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee
without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of
judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such
judgment has been recovered. 

  
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 Section 5.06. Application of Money Collected. 

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

FIRST: To the payment of all amounts due the Trustee under Section 6.07, and otherwise due and owing under the Indenture; 

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: To remit the balance, if any, to the Issuers. 

Section 5.07. Limitation on Suits. 

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

(c) such Holder or Holders have offered to the Trustee indemnity and security reasonably satisfactory to it against the costs, expenses and
liabilities to be incurred in compliance with such request; 
 (d) the Trustee for 60 days after its receipt of such notice, request and
offer of indemnity has failed to institute any such proceeding; and 
 (e) no direction inconsistent with such written request has been
given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities of that series; it being understood and intended that no one or more of such
Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference
over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all of such Holders. 

  
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 Section 5.08. Unconditional Right of Holders to Receive Principal, Premium and
Interest and to Convert. 
 Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which
is absolute and unconditional, to receive payment of the principal of and any premium and (subject to Section 3.07) interest on such Security on the respective Stated Maturities expressed in such Security (or, in the case of redemption, on the
Redemption Date), and, if the terms of such Security so provide, to convert such Security in accordance with its terms, and to institute suit for the enforcement of any such payment and, if applicable, any such right to convert, and such rights
shall not be impaired without the consent of such Holder. 
 Section 5.09. Restoration of Rights and Remedies. 

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

Section 5.10. Rights and Remedies Cumulative. 

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

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

  
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 Section 5.12. Control by Holders. 

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

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

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

(c) subject to the provisions of Section 6.01, the Trustee shall have the right to decline to follow any such direction if the Trustee in
good faith shall determine that the proceeding so directed would involve the Trustee in personal liability and it shall not be provided indemnity and security satisfactory to it against any liability. 

Section 5.13. Waiver of Past Defaults. 

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

Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for
every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. A waiver of any past default and its consequences given by or on behalf of any Holder of the Securities in
connection with a purchase of, or tender or exchange offer for, such Holder’s Securities will not be rendered invalid by such purchase, tender or exchange. 

Section 5.14. Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered
or omitted by it as Trustee, a court may require any party litigant in such suit to file an undertaking to pay the costs of such suit, and may assess costs, including reasonable attorneys’ fees and expenses, against any such party litigant, in
the manner and to the extent provided in the Trust Indenture Act; provided that neither this Section nor the Trust Indenture Act shall be deemed to authorize any court to require such an undertaking or to make such an assessment in any suit
instituted by the Issuers or the Trustee or, if applicable, in any suit for the enforcement of the right to convert any Security in accordance with its terms. 

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

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

THE TRUSTEE 

Section 6.01. Certain Duties and Responsibilities. 

Except during the continuance of an Event of Default, 

(a) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and as are provided by
the Trust Indenture Act, and, except for implied covenants or obligations under the Trust Indenture Act, no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

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

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

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 
 (a) this Subsection shall not be construed to limit the effect of the first
paragraph of this Section; 

  
 45 

 (b) 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; 
 (c) the Trustee shall
not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders of a majority in principal amount of the Outstanding Securities of any series, determined as provided in
Section 5.12, 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 
 (d) 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 shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is
not reasonably assured to it. 
 Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or
affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 
 Section 6.02.
Notice of Defaults. 
 If a default occurs hereunder with respect to Securities of any series, the Trustee shall give the Holders of
Securities of such series notice of such default as and to the extent provided by the Trust Indenture Act; provided, however, that in the case of any default of the character specified in Section 5.01(d) with respect to Securities
of such series, no such notice to Holders shall be given until at least 60 days after the occurrence thereof. For the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or both would
become, an Event of Default with respect to Securities of such series. 
 Section 6.03. Certain Rights of Trustee. 

Subject to the provisions of Section 6.01: 

(a) the Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or
parties; 
 (b) any request or direction of the Issuers mentioned herein shall be sufficiently evidenced by an Issuers Request or Issuers
Order, and any resolution of the Board of Directors shall be sufficiently evidenced by a Board Resolution; 
 (c) whenever in the
administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) shall be
entitled to receive and may, in the absence of bad faith on its part, conclusively rely upon an Officers’ Certificate; 

  
 46 

 (d) the Trustee may consult with counsel of its selection 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 security or indemnity reasonably satisfactory to it against the costs, expenses and liabilities which might be incurred by it in
compliance with such request or direction; 
 (f) the Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such
further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Issuers,
personally or by agent or attorney at the sole cost of the Issuers and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation; 

(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 and shall not be responsible for the supervision of officers and employees of such
agents or attorneys; 
 (h) the Trustee may request that the Issuers deliver an Officers’ Certificate setting forth the names of
individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any person
specified as so authorized in any such certificate previously delivered and not superseded; 
 (i) 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; 

(j) the Trustee shall not be deemed to have notice of any default or Event of Default unless a Responsible Officer of the Trustee has actual
knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities and this Indenture; 

  
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 (k) None of the Trustee, the Paying Agent or the Authenticating Agent shall be liable for
any failure on the part of the CSK to effectuate any Securities issued in the form of a Global Security issued as a NSS Security hereunder or for any failure on the part of the CSK to do so in a timely manner or for any other failure on the part of
the CSK to take any other action with respect to any Security issued as a NSS Security; 
 (l) 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 and to The Bank of New York Mellon, London Branch, in its role as
Paying Agent and Authentication Agent; and 
 (m) notwithstanding anything to the contrary contained herein, the Trustee shall not be
responsible for special, indirect, consequential or punitive damages, including lost profits. 
 Section 6.04. Not Responsible for
Recitals or Issuance of Securities. 
 The recitals contained herein and in the Securities, except the Trustee’s certificates of
authentication, shall be taken as the statements of the Issuers, and the Trustee does not assume any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities.
The Trustee shall not be accountable for the use or application by the Issuers of Securities or the proceeds thereof. 
 Section 6.05.
May Hold Securities. 
 The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the
Issuers, in its individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 6.08 and 6.13, may otherwise deal with the Issuers with the same rights it would have if it were not Trustee, Authenticating
Agent, Paying Agent, Security Registrar or such other agent. 
 Section 6.06. Money Held in Trust. 

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

Section 6.07. Compensation and Reimbursement. 

The Issuers agree 
 (a) to pay to
the Trustee from time to time such compensation as the Issuers and Trustee shall agree in writing 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); 

  
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 (b) except as otherwise expressly provided herein, to reimburse the Trustee upon its request
for all reasonable expenses, disbursements, charges 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, bad faith or willful misconduct; and 
 (c) to
indemnify each of the Trustee or any predecessor Trustee and its officers, directors, agents and employees for, and to hold it harmless against, any and all losses, liabilities, damages, claims or expenses including taxes (other than taxes based
upon, measured by or determined by the earnings or income of the Trustee) incurred without negligence, bad faith or willful misconduct on its part, arising out of or in connection with the acceptance or administration of the trust or trusts
hereunder, including the costs and expenses of defending itself against any claim (whether asserted by the Issuers, a Holder or any other Person) 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 Issuers under this Section the Trustee shall have a lien prior to the
Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of (and premium, if any) or interest on Securities. 

Without limiting any rights available to the Trustee under applicable law, when the Trustee incurs expenses or renders services in connection
with an Event of Default specified in Section 5.01(e) or Section 5.01(f), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of
administration under any applicable Netherlands or U.S. Federal or State bankruptcy, insolvency or other similar law. 
 The provisions of
this Section shall survive the termination of this Indenture. 
 Section 6.08. Conflicting Interests. 

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

Section 6.09. Corporate Trustee Required; Eligibility. 

There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder
for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the
continental United States of America. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent
permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to
the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 

  
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 Section 6.10. Resignation and Removal; Appointment of Successor. 

No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the
acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 6.11. 
 The Trustee may
resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Issuers. If the instrument of acceptance by a successor Trustee required by Section 6.11 shall not have been delivered to the
Trustee within 60 days after the giving of such notice of resignation, the resigning Trustee may petition, at the expense of the Issuers, any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities
of such series. 
 The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority
in principal amount of the Outstanding Securities of such series, delivered to the Trustee and to the Issuers. If the instrument of acceptance by a successor Trustee required by Section 6.11 shall not have been delivered to the Trustee within
30 days after the giving of a notice of removal pursuant to this paragraph, the Trustee being removed may petition, at the expense of the Issuers, any court of competent jurisdiction for the appointment of a successor Trustee with respect to the
Securities of such series. 
 If at any time: 

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

  
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 If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall
occur in the office of Trustee for any cause, with respect to the Securities of one or more series, the Issuers, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it
being understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series) and
shall comply with the applicable requirements of Section 6.11. If an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days after the giving of such notice of removal, the Trustee being
removed may petition, at the expense of the Issuers, any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. If, within one year after such resignation, removal or incapability,
or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Issuers and
the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 6.11, become the successor Trustee with respect to the Securities of
such series and to that extent supersede the successor Trustee appointed by the Issuers. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the Issuers or the Holders and accepted appointment in the
manner required by Section 6.11, any Holder who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the
appointment of a successor Trustee with respect to the Securities of such series. 
 The Issuers shall give notice of each resignation and
each removal of the Trustee with respect to the Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series to all Holders of Securities of such series in the manner provided in
Section 1.06. Each notice shall include the name of the successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office. 

Section 6.11. Acceptance of Appointment by Successor. 

In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed shall
execute, acknowledge and deliver to the Issuers 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 Issuers 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. 

  
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 In case of the appointment hereunder of a successor Trustee with respect to the Securities
of one or more (but not all) series, the Issuers, 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 (i) 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, (ii) 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 (iii) 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 Issuers or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect
to the Securities of that or those series to which the appointment of such successor Trustee relates. 
 Upon request of any such successor
Trustee, the Issuers shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in the first or second preceding paragraph, as the case may
be. 
 No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and
eligible under this Article. 
 Section 6.12. Merger, Conversion, Consolidation or Succession to Business. 

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

  
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 Section 6.13. Preferential Collection of Claims Against the Issuers. 

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

Section 6.14. Appointment of Authenticating Agent. 

The Trustee may appoint an Authenticating Agent or Agents with respect to any series of Securities which shall be authorized to act on behalf
of the Trustee to authenticate the Securities of such Series issued upon original issue and upon exchange, registration of transfer, partial conversion or partial redemption or pursuant to Section 3.06, and Securities of such series 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 of such series 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 so appointed with respect to such
series and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent so appointed with respect to such series. Each Authenticating Agent shall be acceptable to the Issuers 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. If such Authenticating Agent publishes reports of condition at least annually pursuant to law or to the requirements of said supervising or examining authority, then for the
purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent
shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 

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

  
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 An Authenticating Agent may resign at any time by giving written notice thereof to the
Trustee and to the Issuers. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Issuers. Upon receiving such a notice of resignation or upon such a
termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent with respect to any series of Securities which shall
be acceptable to the Issuers and shall give notice of such appointment to all Holders of Securities of such series in the manner provided in Section 1.06. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall
become vested with all 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. 
 The Issuers agree to pay to each Authenticating Agent from time to time reasonable compensation for its services under this
Section. 
 If an appointment is made pursuant to this Section with respect to Securities of any series, the Securities of such series may
have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication in the following form: 

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

 

	
	 THE BANK OF NEW YORK MELLON
 TRUST
COMPANY, N.A.
 AS TRUSTEE

	
	 By: THE BANK OF NEW YORK
 MELLON, LONDON
BRANCH,
AS AUTHENTICATING AGENT

	
	 By:

	 Name:

	 Title:

  
 54 

 ARTICLE VII 

HOLDERS’ LISTS AND REPORTS BY TRUSTEE
AND THE ISSUERS 
 Section 7.01. Issuers to Furnish Trustee Names and Addresses of
Holders. 
 The Issuers will furnish or cause to be furnished to the Trustee 

(a) semi-annually, not later than May 15 and November 15 in each year, a list, in such form as the Trustee may reasonably require,
of the names and addresses of the Holders of Securities of each series as of the immediately preceding May 1 or November 1 as the case may be, and 

(b) at such other times as the Trustee may request in writing, within 30 days after the receipt by the Issuers 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. 

Section 7.02. Preservation of Information; Communications to Holders. 

The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent
list furnished to the Trustee as provided in Section 7.01 and the names and addresses of Holders received by the Trustee in its capacity as Security Registrar. The Trustee may destroy any list furnished to it as provided in Section 7.01
upon receipt of a new list so furnished. 
 The rights of Holders to communicate with other Holders with respect to their rights under this
Indenture or under the Securities, and the corresponding rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act. 

Every Holder of Securities, by receiving and holding the same, agrees with the Issuers and the Trustee that neither the Issuers nor the
Trustee nor any agent of either of them shall be held accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act. 

Section 7.03. Reports by Trustee. 

The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to
the Trust Indenture Act at the times and in the manner provided pursuant thereto. 
 Reports so required to be transmitted at stated
intervals of not more than 12 months shall be transmitted no later than May 15 and shall be dated as of May 1 in each calendar year, commencing in 2021. 

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

  
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 Section 7.04. Reports by Issuers. 

The Issuers shall cause their parent entity to file with the Trustee, such information, documents and other reports, and such summaries
thereof, as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant to such Act; provided that any such information, documents or reports required to be filed with the Commission pursuant to
Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee within 15 days after the same is so required to be filed with the Commission, provided that in each case the delivery of materials of the Trustee by electronic means or
filing documents pursuant to the Commission’s “EDGAR” system (or any successor filing system) shall be deemed to constitute “filing” with the Trustee for purposes of this Section 7.04. Delivery of such reports,
information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein,
including the Issuers’ compliance with any of their covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 

ARTICLE VIII 

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

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

The Issuers shall not consolidate with or merge into any other Person or sell, convey, transfer or lease all or substantially all its
properties and assets to any Person, and the Issuers shall not permit any Person to consolidate with or merge into the Issuers, unless: 

(a) in case the Issuers shall consolidate with or merge into another Person or sell, convey, transfer or lease all or substantially all its
properties and assets to any Person, the Person formed by such consolidation or into which the Issuers are merged or the Person which acquires by sale, conveyance or transfer, or which leases, all or substantially all the properties and assets of
the Issuers shall be a corporation, limited liability company, partnership or trust, shall be organized and validly existing under the laws of the Netherlands or the United States, 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 reasonably satisfactory to the Trustee, the due and punctual payment of the principal of and any premium and interest on all the Securities and the
performance or observance of every covenant of this Indenture on the part of the Issuers to be performed or observed and, for each Security that by its terms provides for conversion, shall have provided for the right to convert such Security in
accordance with its terms; 
 (b) immediately after giving effect to such transaction and treating any indebtedness which becomes an
obligation of the Issuers or any Subsidiary as a result of such transaction as having been incurred by the Issuers or such Subsidiary at the time of such transaction, no Event of Default, and no event which, after notice or lapse of time or both,
would become an Event of Default, shall have happened and be continuing; and 

  
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 (c) the Issuers have delivered to the Trustee an Officers’ Certificate and an Opinion
of Counsel, each stating that such consolidation, merger, sale, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture comply with this Article and that all
conditions precedent herein provided for relating to such transaction have been complied with. 
 Section 8.02. Successor
Substituted. 
 Upon any consolidation of the Issuers with, or merger of the Issuers into, any other Person or any sale, conveyance,
transfer or lease of all or substantially all the properties and assets of the Issuers in accordance with Section 8.01, the successor Person formed by such consolidation or into which the Issuers are merged or to which such sale, conveyance,
transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Issuers under this Indenture with the same effect as if such successor Person had been named as the Issuers herein, and thereafter,
except in the case of a lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities. 

ARTICLE IX 

SUPPLEMENTAL INDENTURES 

Section 9.01. Supplemental Indentures Without Consent of Holders. 

Without the consent of any Holders, the Issuers, when authorized by a Board Resolution, and the Trustee, at any time and from time to time, may
enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 
 (a) to
evidence the succession of another Person to the Issuers and the assumption by any such successor of the covenants of the Issuers herein and in the Securities; or 

(b) to add to the covenants of the Issuers 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 Issuers; or 

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

  
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 (d) to add to or change any of the provisions of this Indenture to such extent as shall be
necessary to permit or facilitate the issuance of Securities in bearer form, registrable or not registrable as to principal, and with or without interest coupons, or to permit or facilitate the issuance of Securities in uncertificated form; or 

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

(f) to secure the Securities; or 

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

(h) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more
series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 6.11; or 

(i) to add to or change any of the provisions of this Indenture with respect to any Securities that by their terms may be converted into
securities or other property other than Securities of the same series and of like tenor, in order to permit or facilitate the issuance, payment or conversion of such Securities; or 

(j) to cure any ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any other provision
herein, or to make any other provisions with respect to matters or questions arising under this Indenture, provided that such action pursuant to this Clause (j) shall not adversely affect the interests of the Holders of Securities of any series
in any material respect. 
 The Trustee is hereby authorized to join with the Issuers in the execution of any such supplemental indenture,
to make any further appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder, but the Trustee shall not be obligated to enter into any
such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

Section 9.02.    Supplemental Indentures With Consent of Holders. 

With the consent of the Holders of a majority in principal amount of the Outstanding Securities of all series affected by such supplemental
indenture, considered together as one class for this purpose (plus, if and as the terms applicable to any such affected series pursuant to Section 3.01 so provide, the consent of the Holders of a majority in principal amount of the Outstanding
Securities of such affected series or of any other Persons acting on behalf of such Holders), by Act of said Holders delivered to the Issuers and the Trustee, the Issuers, when authorized by a Board Resolution, and the Trustee may enter into an
indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders of Securities of such
series under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby, 

  
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 (a) change the Stated Maturity of the principal of, or any installment of principal of or
interest on, any Security, or reduce the principal amount thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or reduce the amount of the principal of an Original Issue Discount Security or any other Security
which would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.02, or permit the Issuers to redeem any Security if, absent such supplemental indenture, the Issuers would not be permitted to do
so, or change any Place of Payment where, or the coin or currency in which, any Security or any premium or interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity
thereof (or, in the case of redemption, on or after the Redemption Date), or 
 (b) if any Security provides that the Holder may require the
Issuers to repurchase or convert such Security, impair such Holder’s right to require repurchase or conversion of such Security on the terms provided therein, or 

(c) reduce the percentage in principal amount of the Outstanding Securities of any one or more series (considered separately or together as
one class, as applicable), 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 
 (d) modify any of the provisions of this Section, Section 5.13
or Section 10.06, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby;
provided, however, that this clause shall not be deemed to require the consent of any Holder with respect to changes in the references to “the Trustee” and concomitant changes in this Section and Section 10.06, or the
deletion of this proviso, in accordance with the requirements of Sections 6.11 and 9.01(h). 
 A supplemental indenture which changes or
eliminates any covenant or other provision of this Indenture which has expressly been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with
respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series. 

  
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 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 consent to any indenture supplemental hereto by or on behalf of any Holder of the Securities given in connection
with a purchase of, or tender or exchange offer for, such Holder’s Securities will not be rendered invalid by such purchase, tender or exchange. 

Section 9.03. Execution of Supplemental Indentures. 

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

Section 9.04. Effect of Supplemental Indentures. 

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

Section 9.05. Conformity with Trust Indenture Act. 

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

Section 9.06. Reference in Securities to Supplemental Indentures. 

Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall
if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Issuers shall so determine, new Securities of any series so modified as to conform, in the opinion of
the Trustee and the Issuers, to any such supplemental indenture may be prepared and executed by the Issuers and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. 

  
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 ARTICLE X 

COVENANTS 

Section 10.01. Payment of Principal, Premium and Interest. 

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

Section 10.02. Maintenance of Office or Agency. 

The Issuers will maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series may be
presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or exchange, where Securities may be surrendered for conversion and where notices and demands to or upon the Issuers in respect of
the Securities of that series and this Indenture may be served. The Issuers 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 Issuers shall fail to maintain
any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Issuers hereby appoint
the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 
 To the extent the Place of Payment for any
series of Securities is New York, New York, the Issuers hereby initially designate as such office and as Paying Agent the Trustee acting through The Bank of New York Mellon, 240 Greenwich Street, New York, NY 10286, Attention: Corporate Trust. To
the extent that the Securities issued hereunder are issued under the New Safekeeping Structure and the Place of Payment for any such series of Securities is London, United Kingdom, the Issuers hereby initially designate The Bank of New York Mellon,
London Branch as the Paying Agent, Canary Wharf, London, E14 5AL, United Kingdom. 
 The Issuers 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 Issuers of their obligation to maintain an office or agency in each Place of Payment for Securities of any series for such purposes. The Issuers 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. 
 With respect to any Global Security, and
except as otherwise may be specified for such Global Security as contemplated by Section 3.01, the Corporate Trust Office of the Trustee shall be the Place of Payment where such Global Security may be presented or surrendered for payment or for
registration of transfer or exchange, or where successor Securities may be delivered in exchange therefor, provided, however, that any such payment, presentation, surrender or delivery effected pursuant to the Applicable Procedures of
the CSK for such Global Security shall be deemed to have been effected at the Place of Payment for such Global Security in accordance with the provisions of this Indenture. 

  
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 Section 10.03. Money for Securities Payments to Be Held in Trust. 

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

Whenever the Issuers shall have one or more Paying Agents for any series of Securities, they will, on or prior to 11:00 A.M. if the Place of
Payment is New York and on the Business Day prior to 10:00 A.M. in the case of Securities issued under the New Safekeeping Structure if the Place of Payment is London, United Kingdom, on the Place of Payment, on each due date of the principal of or
any premium or interest on any Securities of that series, deposit (or, if the Issuers have deposited any trust funds with a trustee pursuant to Section 13.04(a), cause such trustee to deposit) with a Paying Agent a sum sufficient to pay such
amount and any and all other amounts due and owing to the Trustee under the Indenture, such sum to be held as provided by the Trust Indenture Act, and (unless such Paying Agent is the Trustee) the Issuers will promptly notify the Trustee of their
action or failure so to act. 
 The Issuers will cause each Paying Agent for any series of Securities other than the Trustee to execute and
deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will (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 Issuers (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. 

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

Any money deposited with the Trustee or any Paying Agent, or then held by the Issuers, in trust for the payment of the principal of or any
premium or interest on any Security of any series and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Issuers on Issuers Request, or (if then held by the Issuers) shall be
discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Issuers for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and
all liability of the Issuers as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may, at the expense of the Issuers, cause to be
published once, in a newspaper published in the English language, customarily published on each Business Day and of general circulation in The City of New York, notice that such money remains unclaimed and that, after a date specified therein, which
shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Issuers. 

  
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 The Paying Agent will inform the Clearing Systems (through the common service provider (the
“CSP”) appointed by the Clearing Systems to service the Global Securities) of the initial issue outstanding amount (“IOA”) for the Securities on or prior to the applicable closing date. 

If any event occurs that requires a mark-up or mark-down of the records that Euroclear or Clearstream
holds for its customers to reflect such customers’ interest in any Global Security, the Paying Agent will promptly provide details of the amount of such mark-up or mark-down, together with a description
of the event that requires it, to the Clearing Systems (through the CSP) to ensure that the records of the Clearing Systems reflecting the IOA of the Securities remain at all times accurate. 

The Paying Agent will at least once every month perform a reconciliation process with the Clearing Systems (through the CSP) with respect to
the IOA for the Securities and will promptly inform the Clearing Systems (through the CSP) of any discrepancies. 
 The Paying Agent will
promptly assist the Clearing Systems (through the CSP) in resolving any discrepancy identified in the records reflecting the IOA of the Securities. 

The Paying Agent will promptly provide to the Clearing Systems (through the CSP) details of all amounts paid under the Securities. 

The Paying Agent will promptly provide to the Clearing Systems (through the CSP) notice of any changes to the Securities that will affect the
amount of, or date for, any payment due under the Securities. 
 The Paying Agent will promptly provide to the Clearing Systems (through the
CSP) copies of all notices in its possession that are given by or on behalf of the Issuers to the Holders of the Securities. 
 The Paying
Agent will promptly pass on to the Issuers all communications it receives from the Clearing Systems directly or through the CSP relating to the Securities. Any such notice shall be deemed to have been conclusively given by being sent by facsimile to
the Issuers in accordance with the provisions of the Section hereof. 

  
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 The Paying Agent will promptly notify the Clearing Systems (through the CSP) of any failure
by the Issuers to make any payment or delivery due under the Securities when due. 
 Section 10.04. Corporate Existence. 

Subject to Article VIII, the Issuers will do or cause to be done all things necessary to preserve and keep in full force and effect their
corporate existence. 
 Section 10.05. Statement by Officers as to Default. 

The Issuers will deliver to the Trustee, within 120 days after the end of each fiscal year of the Issuers ending after the date hereof, an
Officers’ Certificate, stating whether or not to the best knowledge of the signers thereof the Issuers are in default in the performance and observance of any of the terms, provisions and conditions of this Indenture (without regard to any
period of grace or requirement of notice provided hereunder) and, if the Issuers shall be in default, specifying all such defaults and the nature and status thereof of which they may have knowledge. 

Section 10.06. Waiver of Certain Covenants. 

Except as otherwise specified as contemplated by Section 3.01 for Securities of a specific series, the Issuers may, with respect to the
Securities of any one or more series, omit in any particular instance to comply with any term, provision or condition set forth in Section 10.04 or in any covenant provided pursuant to Section 3.01(r), 9.01(b), 9.01(f) or 9.01(g) for the
benefit of the Holders of such series or in Article VIII if, before the time for such compliance, the Holders of a majority in principal amount of the Outstanding Securities of all series affected by such waiver, considered together as one class for
this purpose (plus, if and as the terms applicable to any such affected series pursuant to Section 3.01 so provide, the consent of the Holders of a majority in principal amount of the Outstanding Securities of such affected series or of any
other Persons acting on behalf of such Holders) shall, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such
term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Issuers and the duties of the Trustee in respect of any such term, provision or condition shall remain in
full force and effect. A waiver of compliance given by or on behalf of any Holder of the Securities in connection with a purchase of, or tender or exchange offer for, such Holder’s Securities will not be rendered invalid by such purchase,
tender or exchange. 
 ARTICLE XI 

REDEMPTION OF SECURITIES 

Section 11.01. Applicability of Article. 

Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as
otherwise specified as contemplated by Section 3.01 for such Securities) in accordance with this Article. 

  
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 Section 11.02. Election to Redeem; Notice to Trustee. 

The election of the Issuers to redeem any Securities shall be established in or pursuant to a Board Resolution or in another manner specified
as contemplated by Section 3.01 for such Securities. In case of any redemption at the election of the Issuers of less than all the Securities of any series (including any such redemption affecting only a single Security), the Issuers shall, at
least 5 Business Days prior to the Redemption Date fixed by the Issuers (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date, of the principal amount of Securities of such series to be redeemed
and, if applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of Securities (i) prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this
Indenture, or (ii) pursuant to an election of the Issuers that is subject to a condition specified in the terms of the Securities of the series to be redeemed, the Issuers shall furnish the Trustee with an Officers’ Certificate evidencing
compliance with such restriction or condition. 
 Section 11.03. Selection by Trustee of Securities to Be Redeemed. 

If less than all the Securities of any series are to be redeemed (unless all the Securities of such series and of a specified tenor are to be
redeemed or unless such redemption affects only a single Security), the particular Securities to be redeemed shall be selected not more than 40 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not
previously called for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of a portion of the principal amount of any Security of such series, provided that the unredeemed
portion of the principal amount of any Security shall be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such Security. If less than all the Securities of such series and of a specified tenor are
to be redeemed (unless such redemption affects only a single Security), the particular Securities to be redeemed shall be selected not more than 40 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series and
specified tenor not previously called for redemption in accordance with the preceding sentence. 
 If any Security selected for partial
redemption is converted in part before termination of the conversion right with respect to the portion of the Security so selected, the converted portion of such Security shall be deemed (so far as it may be) to be the portion selected for
redemption. Securities which have been converted during a selection of Securities to be redeemed shall be treated by the Trustee as Outstanding for the purpose of such selection. 

The Trustee shall promptly notify the Issuer and each Security Registrar in writing of the Securities selected for redemption as aforesaid
and, in case of any Securities selected for partial redemption as aforesaid, the principal amount thereof to be redeemed. 

  
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 The provisions of the two preceding paragraphs shall not apply with respect to any
redemption affecting only a single Security, whether such Security is to be redeemed in whole or in part. In the case of any such redemption in part, the unredeemed portion of the principal amount of the Security shall be in an authorized
denomination (which shall not be less than the minimum authorized denomination) for such Security. 
 For all purposes of this Indenture,
unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which has
been or is to be redeemed. 
 Section 11.04. Notice of Redemption. 

Notice of redemption shall be given in the manner provided in Section 1.06 not less than 30 days nor more than 60 days prior to the
Redemption Date, to each Holder of Securities to be redeemed, at his address appearing in the Security Register. 
 All notices of
redemption shall identify the Securities to be redeemed (including CUSIP numbers, if any) and shall state: 
 (a) the Redemption Date, 

(b) the Redemption Price, 
 (c)
if less than all the Outstanding Securities of any series consisting of more than a single Security are to be redeemed, the identification (and, in the case of partial redemption of any such Securities, the principal amounts) of the particular
Securities to be redeemed and, if less than all the Outstanding Securities of any series consisting of a single Security are to be redeemed, the principal amount of the particular Security to be redeemed, 

(d) that on the Redemption 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, 
 (e) the place or places where each such Security is to be surrendered
for payment of the Redemption Price, 
 (f) for any Securities that by their terms may be converted, the terms of conversion, the date on
which the right to convert the Security to be redeemed will terminate and the place or places where such Securities may be surrendered for conversion, and 

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

  
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 Notice of redemption of Securities to be redeemed at the election of the Issuers shall be
given by the Issuers or, at the Issuers’ request, by the Trustee in the name and at the expense of the Issuers. 
 Section 11.05.
Deposit of Redemption Price. 
 Prior to 11:00 A.M., New York City time, on any Redemption Date, or by 10:00 A.M. on the Business Day
prior with respect to the redemption of any NSS Securities, the Issuers shall deposit with the Trustee or with a Paying Agent (or, if the Issuers are acting as their own Paying Agents, segregate and hold in trust as provided in Section 10.03)
an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the Securities which are to be redeemed on that date, other than any Securities called for
redemption on that date which have been converted prior to the date of such deposit. 
 If any Security called for redemption is converted,
any money deposited with the Trustee or with any Paying Agent or so segregated and held in trust for the redemption of such Security shall (subject to any right of the Holder of such Security or any Predecessor Security to receive interest as
provided in the last paragraph of Section 3.07 or in the terms of such Security) be paid to the Issuers upon Issuers Request or, if then held by the Issuers, shall be discharged from such trust. 

Section 11.06. Securities Payable on Redemption Date. 

Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at
the Redemption Price therein specified, and from and after such date (unless the Issuers shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security for
redemption in accordance with said notice, such Security shall be paid by the Issuers at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, that, unless otherwise specified as contemplated
by Section 3.01, installments of interest whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the
relevant Record Dates according to their terms and the provisions of Section 3.07. 
 If any Security called for redemption shall not
be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security. 

Section 11.07. Securities Redeemed in Part. 

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

  
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 ARTICLE XII 

SINKING FUNDS 

Section 12.01. Applicability of Article. 

The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of any series except as otherwise
specified as contemplated by Section 3.01 for such Securities. 
 The minimum amount of any sinking fund payment provided for by the
terms of any Securities is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of such Securities is herein referred to as an “optional sinking fund
payment”. If provided for by the terms of any Securities, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 12.02. Each sinking fund payment shall be applied to the redemption of Securities as
provided for by the terms of such Securities. 
 Section 12.02. Satisfaction of Sinking Fund Payments with Securities. 

The Issuers (a) may deliver Outstanding Securities of a series (other than any previously called for redemption) and (b) may apply as
a credit Securities of a series which have been converted in accordance with their terms or which have been redeemed either at the election of the Issuers pursuant to the terms of such Securities or through the application of permitted optional
sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to any Securities of such series required to be made pursuant to the terms of such Securities as
and to the extent provided for by the terms of such Securities; provided that the Securities to be so credited have not been previously so credited. The Securities to be so credited shall be received and credited for such purpose by the Trustee at
the Redemption Price, as specified in the Securities so to be redeemed (or at such other prices as may be specified for such Securities as contemplated in Section 3.01), for redemption through operation of the sinking fund and the amount of
such sinking fund payment shall be reduced accordingly. 
 Section 12.03. Redemption of Securities for Sinking Fund. 

Not less than 45 days (or such shorter period as shall be satisfactory to the Trustee) prior to each sinking fund payment date for any
Securities, the Issuers will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for such Securities pursuant to the terms of such Securities, the portion thereof, if any, which is to
be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities pursuant to Section 12.02 and will also deliver to the Trustee any Securities to be so delivered. Not

  
 68 

 
less than 30 days prior to each such sinking fund payment date, the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in
Section 11.03 and cause notice of the redemption thereof to be given in the name of and at the expense of the Issuers in the manner provided in Section 11.04. Such notice having been duly given, the redemption of such Securities shall be
made upon the terms and in the manner stated in Sections 11.06 and 11.07. 
 ARTICLE XIII 

DEFEASANCE AND COVENANT DEFEASANCE 

Section 13.01. Issuers’ Option to Effect Defeasance or Covenant Defeasance. 

Unless otherwise designated pursuant to Section 3.01(o), the Securities of any series of Securities shall be subject to defeasance or
covenant defeasance pursuant to such Section 13.02 or 13.03, in accordance with any applicable requirements provided pursuant to Section 3.01 and upon compliance with the conditions set forth below in this Article. The Issuers may elect,
at their option, at any time, to have Section 13.02 or Section 13.03 applied to any Securities or any series of Securities so subject to defeasance or covenant defeasance. Any such election shall be evidenced by a Board Resolution or in
another manner specified as contemplated by Section 3.01 for such Securities. 
 Section 13.02. Defeasance and Discharge.

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

  
 69 

 Section 13.03. Covenant Defeasance. 

Upon the Issuers’ exercise of their option (if any) to have this Section applied to any Securities or any series of Securities, as the
case may be, (a) the Issuers shall be released from their obligations under Section 10.04 and any covenants provided pursuant to Section 3.01(r), 9.01(b), 9.01(f) or 9.01(g) for the benefit of the Holders of such Securities, and
(b) the occurrence of any event specified in Sections 5.01(d) (with respect to Section 10.04, and any such covenants provided pursuant to Section 3.01(r), 9.01(b), 9.01(f) or 9.01(g)) and 5.01(g) shall be deemed not to be or result in
an Event of Default, in each case with respect to such Securities as provided in this Section on and after the date the conditions set forth in Section 13.04 are satisfied (hereinafter called “Covenant Defeasance”). For this
purpose, such Covenant Defeasance means that, with respect to such Securities, the Issuers may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such specified Section (to the extent so
specified in the case of Section 5.01(d)), whether directly or indirectly by reason of any reference elsewhere herein to any such Section or by reason of any reference in any such Section to any other provision herein or in any other document,
but the remainder of this Indenture and such Securities shall be unaffected thereby. 
 Section 13.04. Conditions to Defeasance or
Covenant Defeasance. 
 The following shall be the conditions to the application of Section 13.02 or Section 13.03 to any
Securities or any series of Securities, as the case may be: 
 (a) The Issuers shall irrevocably have deposited or caused to be deposited
with the Trustee (or another trustee which satisfies the requirements contemplated by Section 6.09 and agree to comply with the provisions of this Article applicable to it) as trust funds in trust for the purpose of making the following
payments, specifically pledged as security for, and dedicated solely to, the benefits of the Holders of such Securities, (i) money in an amount, or (ii) U.S. Government Obligations which through the scheduled payment of principal and
interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, money in an amount, or (iii) such other obligations or arrangements as may be specified as contemplated by
Section 3.01 with respect to such Securities, or (iv) a combination thereof, in each case sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered
to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or any such other qualifying trustee) to pay and discharge, the principal of and any premium and interest on such Securities and all other costs, fees, expenses and
charges of the Trustee and its agents and counsel due and owing hereunder, on the respective Stated Maturities, in accordance with the terms of this Indenture and such Securities. As used herein, “U.S. Government Obligation” means
(x) any security which is (A) a direct obligation of the United States of America for the payment of which the full faith and credit of the United States of America is pledged or (B) an obligation of a Person controlled or supervised
by and acting as an agency or instrumentality of the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case (A) or (B), is not
callable or redeemable at the option of the issuer thereof, and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any U.S. Government Obligation which is
specified in Clause (x) above and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on any U.S. Government Obligation which is so specified and held,
provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation
or the specific payment of principal or interest evidenced by such depositary receipt. 

  
 70 

 (b) In the event of an election to have Section 13.02 apply to any Securities or any
series of Securities, as the case may be, the Issuers shall have delivered to the Trustee an Opinion of Counsel stating that (i) the Issuers have received from, or there has been published by, the Internal Revenue Service a ruling or
(ii) since the date of this instrument, there has been a change in the applicable Federal income tax law, in either case (i) or (ii) to the effect that, and based thereon such opinion shall confirm that, the Holders of such Securities will
not recognize gain or loss for Federal income tax purposes as a result of the deposit, Defeasance and discharge to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at
the same times as would be the case if such deposit, Defeasance and discharge were not to occur. 
 (c) In the event of an election to have
Section 13.03 apply to any Securities or any series of Securities, as the case may be, the Issuers shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Securities will not recognize gain or loss for
Federal income tax purposes as a result of the deposit and Covenant Defeasance to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case
if such deposit and Covenant Defeasance were not to occur. 
 (d) The Issuers shall have delivered to the Trustee an Officers’
Certificate to the effect that neither such Securities nor any other Securities of the same series, if then listed on any securities exchange, will be delisted as a result of such deposit. 

(e) No event which is, or after notice or lapse of time or both would become, an Event of Default with respect to such Securities or any other
Securities (other than such an event or Event of Default solely with respect to such Securities resulting from the borrowing of funds to be applied to such deposit) shall have occurred and be continuing at the time of such deposit. 

(f) Such Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, any other agreement or
instrument to which the Issuers are a party or by which it is bound. 
 (g) The Issuers shall have delivered to the Trustee an
Officers’ Certificate stating that the deposit was not made by the Issuers with the intent of preferring the Holders of such Securities over the other creditors of the Issuers or with the intent of defeating, hindering, delaying or defrauding
creditors of the Issuers. 

  
 71 

 (h) The Issuers shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that all conditions precedent with respect to such Defeasance or Covenant Defeasance have been complied with. 

Section 13.05. Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions. 

Subject to the provisions of the last paragraph of Section 13.03, all money and U.S. Government Obligations (including the proceeds
thereof) deposited with the Trustee or other qualifying trustee (solely for purposes of this Section and Section 13.06, the Trustee and any such other trustee are referred to collectively as the “Trustee”) pursuant to
Section 13.04 in respect of any Securities shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any such Paying Agent (including
the Issuers acting as their own Paying Agents) as the Trustee may determine, to the Holders of such Securities, of all sums due and to become due thereon in respect of principal and any premium and interest, but money and U.S. Government Obligations
so held in trust need not be segregated from other funds except to the extent required by law. 
 The Issuers shall pay and indemnify the
Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 13.04 or the principal and interest received in respect thereof other than any such tax, fee or other
charge which by law is for the account of the Holders of Outstanding Securities. 
 Anything in this Article to the contrary
notwithstanding, the Trustee shall deliver or pay to the Issuers from time to time upon Issuers Request any money or U.S. Government Obligations held by it as provided in Section 13.04 with respect to any Securities which, in the opinion of a
nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect the Defeasance or Covenant
Defeasance, as the case may be, with respect to such Securities. 
 Section 13.06. Reinstatement. 

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

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. 

  
 72 

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

			
	
	 BAKER HUGHES NETHERLANDS

FUNDING COMPANY B.V.

 
			
		
	By:    	 	 
		 	 Name:

		 	 Title:

  

			
	 BAKER HUGHES CO-OBLIGOR,
INC.

 
			
		
	By:    	 	 
		 	 Name:

		 	 Title:

  

			
	 THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A., AS
 TRUSTEE, REGISTRAR,
TRANSFER
 AGENT AND PAYING AGENT

 
			
		
	By:    	 	 
		 	 Name:

		 	 Title:

  

			
	THE BANK OF NEW YORK MELLON,
LONDON BRANCH, AS PAYING
AGENT AND AUTHENTICATION AGENT

 
			
		
	By:    	 	 
		 	 Name:

		 	 Title:

 Signature Page to the IndentureExhibit 10.1

 

Execution
Copy

 

POWER
PURCHASE AGREEMENT

 

between

BIG COUNTRY DATALEC LLC

(“Seller”)

 

and

 

MARATHON
PATENT GROUP, INC.

(“Purchaser”)

 

Dated: October 3, 2020

 

    	 	 	 

     

    

 

TABLE
OF CONTENTS

 

	 	Page:
	Article 1
    DEFINITIONS, INTERPRETATION	1
	Section
    1.1   Definitions	1
	Section
    1.2   Interpretation.	8
	Article 2
    TERM OF AGREEMENT	9
	Section
    2.1   Term	9
	Section
    2.2   Option to Renew	9
	Article 3
    DESIGN, DEVELOPMENT AND CONSTRUCTION; COVENANTS	9
	Section
    3.1   Purchaser’s Facilities	9
	Section
    3.2   Permits	9
	Section
    3.3   Substation Completion	9
	Section
    3.7   Land Use Arrangement	10
	Article 4
    OPERATION AND MAINTENANCE	10
	Section
    4.1   Responsibility for Operation and Maintenance.	10
	Section
    4.2   Observation Visits	10
	Article 5
    PURCHASE OF ENERGY	11
	Section
    5.1   Contract Energy	11
	Section
    5.2   Title and Risk of Loss	11
	Section
    5.3   Outages	11
	Article 6
    NOMINATION, AVAILABILITY AND DISPATCH	12
	Section
    6.1   Monthly Energy Nomination	12
	Section
    6.2   Daily Availability Notice & Update	12
	Section
    6.3   Daily Energy Nomination	13
	Section
    6.4   Dispatch	13
	Article 7
    PRICE AND ADJUSTMENTS	13
	Section
    7.1   Monthly Energy Payment	13
	Section
    7.2   Adjustment to Contract Price	13
	Article 8
    BILLING AND PAYMENT	13
	Section
    8.1   Monthly Invoices	13
	Section
    8.2   Payment of Monthly Invoice	13
	Section
    8.3   Payment Disputes	13
	Section
    8.4   Late Payments	14
	Section
    8.5   Records	14
	Section
    8.6   Contract Energy Reconciliation	14
	Article 9
    METERING EQUIPMENT	14
	Section
    10.1   Metering Equipment	14
	Section
    10.2   Purchaser Test	14
	Section
    10.3   Billing Adjustments	15
	Section
    10.4   Purchaser Meters	15

 

    	 

     

    

 

	Article 10
    FORCE MAJEURE	15
	Section
    11.1   Force Majeure	15
	Section
    11.2   Notice	15
	Section
    11.3   Scope of Suspension; Duty to Mitigate	15
	Section
    11.4   Termination Due to Force Majeure.	16
	Article 11
    EVENTS OF DEFAULT; REMEDIES; TERMINATION	16
	Section
    12.1   Events of Default	16
	Section
    12.2   Remedies	16
	Section
    12.4   Survival of Obligations	17
	Article 12
    INSURANCE; CASUALTY	17
	Section
    13.1   Purchaser Insurance Coverage	17
	Section
    13.2   Proof of Insurance	17
	Section
    13.3   Casualty Event	17
	Article 13
    CONFIDENTIALITY	17
	Section
    14.1   Confidentiality Obligations	17
	Section
    14.2   Disclosure Compelled by Law	18
	Section
    14.3   Return or Destroy Confidential Information	18
	Section
    14.4   Injunctive Relief	19
	Section
    14.5   Public Announcements	19
	Article 14
    LIABILITY AND INDEMNIFICATION	19
	Section
    15.1   Indemnification	19
	Section
    15.2   Indemnification for Fines and Penalties	20
	Section
    15.3   Indemnification Claim Process	20
	Section
    15.4   Indemnification Procedures for Non-Third Party Claims	21
	Section
    15.5   Limitations on Liability	22
	Section
    15.6   Duty to Mitigate	22
	Section
    15.7   Exclusive Remedy	22
	Section
    15.8   Subrogation	23
	Article 15
    CHANGE IN LAW	23
	Section
    16.1   Change in Law	23
	Article 16
    REPRESENTATIONS AND WARRANTIES	23
	Section
    17.1   Representations and Warranties of Seller	23
	Section
    17.2   Representations and Warranties of Purchaser	24
	Article 17
    NOTICES	24
	Section
    18.1   Notices and Other Communications	24
	Article 18
    MISCELLANEOUS	26
	Section
    19.1   Assignment	26
	Section
    19.2   Forward Contract	26
	Section
    19.3   Entirety	26
	Section
    19.4   Choice of Law and Forum	26
	Section
    19.5   Waiver of Jury Trial	26
	Section
    19.6   Non-Waiver	27
	Section
    19.7   Headings; Attachments	27
	Section
    19.8   Counterparts	27
	Section
    19.9   Partial Invalidity	27
	Section
    19.10   Other	27
	Section
    19.11   No Third Party Beneficiaries	27
	Section
    19.12   Relationship of the Parties	28

 

Exhibits:

Exhibit
A-Power Distribution Equipment

Exhibit
B-[Reserved.]

Exhibit
C-Fuel Quality Parameters

Exhibit
D-Points of Delivery

Exhibit
E-Purchaser Insurance

 

    	 	 	 

     

    

 

POWER
PURCHASE AGREEMENT

 

This Power Purchase Agreement
(this “Agreement”), dated as of October 3, 2020 (the “Effective Date”), is entered into between
Big Country Datalec LLC, a Delaware limited liability company (“Seller”), and Marathon Patent Group, Inc., a
Nevada corporation (“Purchaser”). Each of Seller and Purchaser is hereinafter referred to individually as a
“Party” and, collectively, as the “Parties.”

 

RECITALS

 

WHEREAS, Rocky Mountain
Power, LLC, a Delaware limited liability company (“RMP”) owns and operates a coal-fired power station, located
in Big Horn, Montana, known as the Hardin Generating Station, with a net capacity of approximately 105 MW (the “Plant”);
and

 

WHEREAS, Seller has entered
into, or will enter into, an arrangement with RMP whereby RMP grants Seller the exclusive right to market and sell electrical energy
generated by the Plant; and

 

WHEREAS, Purchaser intends
to finance, design, construct, own, and operate a 13.8kV distribution system consisting of a 13.8kV isophane bus, a 13.8kV main
breaker, 13.8kV feeder breakers, and 13.8kV to 480 volt transformers (as further described on Exhibit A, the “Power
Distribution Equipment”) to enable Purchaser to receive electrical energy generated by the Plant for use in the Purchaser’s
Facilities (as defined herein); and

 

WHEREAS, Seller shall procure
a land-use arrangement in the form of a lease agreement between RMP and Purchaser pursuant to which RMP shall grant Purchaser the
right, at no additional cost, to (a) construct, operate, and access the Purchaser’s Interconnection Facilities on certain
real property owned by RMP (the “RMP Premises”); and (b) apply for an electrical interconnection with NorthWestern
Energy in the event this Agreement is terminated in accordance with its terms; and

 

WHEREAS, the Purchaser
and Seller wish to contract with each other for the purchase and sale of electrical energy to be generated by the Plant consistent
with the terms and conditions set forth herein.

 

AGREEMENTS

 

NOW THEREFORE, for and
in consideration of the mutual covenants contained herein, and other good and valuable consideration, the receipt and adequacy
of which are hereby acknowledged, the Parties agree as follows:

 

    	 

     

    

 

Article 1

DEFINITIONS, INTERPRETATION

 

Section 1.1     
Definitions. For purposes of this Agreement, except where the context otherwise requires, the following capitalized terms
have the following meanings:

 

“Affiliate”
means any Person that directly or indirectly, through one or more intermediaries, controls or is controlled by or is under common
control with the Person specified. For purposes of this definition, control of a Person means the power, direct or indirect, to
direct or cause the direction of the management and policies of such Person whether by contract or otherwise, or ownership of fifty
percent (50%) or more of the voting securities or interests of another Person.

 

“Agreement”
has the meaning ascribed to such term in the Preamble.

 

“Anticipated Available
Capacity” has the meaning ascribed to such term in Section 6.2.

 

“Applicable Permits”
has the meaning ascribed to such term in Section 3.2.

 

“Availability
Factor” means, with respect to any period of time, a fraction (expressed as a percentage) (a) the numerator of which
is the sum of the Available Output and the Credited Output for such period, and (b) the denominator of which is the Period Output
for such period.

 

“Availability
Test Period” means, for the first Availability Test Period, the period from the Substation Completion Date to the first
anniversary of the Substation Completion Date, and for each subsequent Availability Test Period, the period from the applicable
anniversary of the Substation Completion Date to the immediately following anniversary of the Substation Completion Date.

 

“Available Output”
means, with respect to a period of time, the aggregate amount of electrical energy (expressed in MWh) associated with the Contract
Capacity that the Plant is capable of producing and delivering to the Points of Delivery regardless of whether the Plant has been
dispatched by Purchaser.

 

“Business Day”
means any Day other than Saturdays, Sundays and Days on which banks in Montana are required or permitted to be closed for all or
part of their customary hours of operation.

 

“Change in Law”
means the occurrence, after the Effective Date, of any enactment, adoption, promulgation, modification or repeal of any applicable
Law, or in the administration, interpretation or application thereof by any Governmental Authority.

 

“Claims Notice”
has the meaning ascribed to such term in Section 14.3(b).

 

“Confidential
Information” means all, or any part of, and originals or copies of, any information or data (in any form or media, whether
electronic, paper or oral, irrespective of the form of communication) received from Discloser or its Representatives, including
(a) all such information furnished to Recipient or its Representatives by or on behalf of Discloser (irrespective of the form of
communication and whether such information is so furnished before, on or after the date hereof), and all analyses, compilations,
data, studies, notes, translations, memoranda or other documents prepared by Recipient or its Representatives containing or based
in whole or in part on any such furnished information, and (b) any information in any form which contains, reflects or is based
upon, in whole or in part, the foregoing, but excludes: (i) information that at the time of disclosure was, or thereafter becomes,
part of the public domain (through a source other than Recipient or a Representative of the Recipient) other than as a result of
a breach of Article 13 by Recipient or its Representatives; (ii) information lawfully obtained from a third party source
other than Discloser or its Representatives that, to the knowledge of Recipient, was not under, and did not impose, an obligation
of confidentiality with respect to such information to Discloser; (iii) information that is independently developed by Recipient
without violating any of its obligations under Article 13; and (iv) information that was known by Recipient prior to
disclosure by Discloser (as reasonably evidenced by the Recipient’s records).

 

    	 

     

    

 

“Contract Capacity”
means 40 MW of electrical energy, subject to increase pursuant to Section 5.4.

 

“Contract Energy”
means the amount of electrical energy associated with the Contract Capacity expressed in MWh, as measured by the Metering Equipment,
that Seller agrees to sell and deliver, or cause to be delivered to Purchaser, and Purchaser agrees to purchase and receive from
Seller, under this Agreement, subject to the nomination and dispatch mechanics in Article 6.

 

“Contract Price”
has the meaning ascribed to such term in Section 7.1.

 

“Contract Quarter”
means, for the first Contract Quarter, the period from the Substation Completion Date to the date that is three (3) months after
the Substation Completion Date, and for each subsequent Contract Quarter, each three (3) month period thereafter.

 

“Credited Output”
means, with respect to a period of time, the aggregate amount of electrical energy (expressed in MWh) associated with the Contract
Capacity that is not available from the Plant for dispatch and receipt by Purchaser due to (a) a Force Majeure event and (b) any
Scheduled Maintenance, as determined by Seller in good faith.

 

“Day”
means a twenty-four (24) hour period commencing at 0:00:00 hours each day and ending at 23:59:59 hours on the same day, determined
by reference to prevailing Mountain time.

 

“Discloser”
has the meaning ascribed to such term in Section 13.2.

 

“Dispute”
has the meaning ascribed to such term in Section 3.3(b).

 

“Effective Date”
has the meaning ascribed to such term in the Preamble.

 

“Energy Payment”
has the meaning ascribed to such term in Section 7.1.

 

“Events of Default”
has the meaning ascribed to such term in Section 11.1.

 

“Exercise Notice”
has the meaning ascribed to such term in Section 5.4.

 

“Force Majeure”
means any event or circumstance, or combination of events or circumstances, that is beyond the reasonable control of the Party
claiming the Force Majeure and could not be prevented or overcome by the reasonable efforts and due diligence of the Party claiming
the Force Majeure, including, to the extent the foregoing conditions are met, acts of God, strikes or lockouts, acts of the public
enemy, wars, terrorism, sabotage, riots, blockades, insurrections, epidemics, pandemics (including for the avoidance of doubt impacts
of the novel coronavirus (COVID-19) outbreak, any mutations or strains of this virus, and any related outbreaks), landslides, lightning,
hurricanes, blizzards, volcanic activity, tornadoes, earthquakes, fires, floods, washouts, other severe inclement weather, and
actions or inactions by any Governmental Authority. Notwithstanding anything to the contrary, the term Force Majeure shall not
include: (a) economic hardship, (b) any changes in market conditions, (c) the ability to buy or sell Contract Energy at a higher
or more favorable price, (d) the failure of a Party to timely apply for or obtain any Applicable Permits, or (e) any Change in
Law.

 

    	 

     

    

 

“Forced Outage”
means any condition at the Plant that requires immediate removal of the Plant, or some part thereof, from service, another outage
state, or a reserve shutdown state. This type of outage results from immediate system trips and/or operator-initiated trips in
response to Plant conditions and/or alarms.

 

“Fuel”
means coal, a fossil fuel composed primarily of carbon along with assorted other elements and taking the form of a readily combustible
black or brownish-black rock extracted from the ground by mining, with the quality parameters substantially as set forth on Exhibit
C hereto.

 

“Good Industry
Practices” means the practices, methods, acts, techniques and standards as may be followed or employed during the Term,
and that (a) are generally accepted in the United States for use in the industry in connection with facilities of the same or similar
size and type as the Plant and the Purchaser’s Interconnection Facilities, as applicable; and (b) are commonly used in prudent
engineering, construction, project management, maintenance, and operations. The term Good Industry Practices is not intended to
be limited to an optimum practice or method to the exclusion of all others, but rather to be a spectrum of reasonable and prudent
practices and methods given the relevant circumstances and obligations of each of the Parties.

 

“Governmental
Authority” means any national, state or local government, any political subdivision thereof or any other governmental,
judicial, public or statutory instrumentality, authority, board, commission, department, division, body, agency, bureau or entity,
any of which has the authority to bind a Party at Law.

 

“Group”
means, with respect to Purchaser, the Purchaser Group, and, with respect to Seller, the Seller Group.

 

“Increased Capacity
Amount” has the meaning ascribed to such term in Section 5.4.

 

“Indemnified Party”
has the meaning ascribed to such term in Section 14.3(a).

 

“Indemnifying
Party” has the meaning ascribed to such term in Section 14.3(b).

 

“Independent Engineer”
has the meaning ascribed to such term in Section 3.3(b).

 

“Initial Term”
has the meaning ascribed to such term in Section 2.1.

 

“Interest Rate”
means the prime interest rate as reflected in The Wall Street Journal under “Money Rates” plus two percent (2%).

 

“kV”
means kilovolt.

 

    	 

     

    

 

“Law”
means all applicable laws and treaties, judgments, decrees, injunctions, writs and orders of any court or Governmental Authority,
and rules, regulations, orders, ordinances, licenses and permits of any Governmental Authority, including Applicable Permits.

 

“Lien”
means any mortgage, deed of trust, lien, security interest, retention of title or lease for security purposes, pledge, charge,
encumbrance, equity, attachment, claim, easement, right of way, covenant, condition or restriction, leasehold interest, purchase
right or other right of any kind, including an option, of any other Person in or with respect to any real or personal property.

 

“Losses”
means any and all claims, liabilities, losses, causes of action, damages, judgments, fines, payments (including amounts paid in
settlement), penalties, administrative proceedings, administrative investigations, costs, expenses, fees (including reasonable
attorneys’ fees), court costs and other costs of suit.

 

“Maintenance Notice
Date” has the meaning ascribed to such term in Section 5.3(a)(i).

 

“Major Maintenance”
has the meaning ascribed to such term in Section 5.3(a)(i).

 

“Metering Equipment”
has the meaning ascribed to such term in Section 9.1.

 

“Mobilization
Date” means the date on which Purchaser and/or Purchaser’s Contractor mobilize personnel at the RMP Premises in
connection with the design, development, construction, ownership, operation, and maintenance of the Purchaser’s Interconnection
Facilities.

 

“Month”
means any calendar month during the Term, or, if this Agreement commences or terminates on other than the first or last day of
a Month then all applicable calculations under this Agreement shall be made on a pro rata basis for the number of days in such
Month in which this Agreement was in effect.

 

“Monthly Energy
Nomination” has the meaning ascribed to such term in Section 6.1.

 

“Monthly Invoice”
has the meaning ascribed to such term in Section 8.1.

 

“MW”
means Megawatt.

 

“MWh”
means Megawatt hours.

 

“Operations Manual”
means the operational procedures and communication protocols for the Plant with respect to, inter alia, Technical Characteristics,
availability notices, energy nominations and dispatch, Scheduled Maintenance and Forced Outages, which shall be mutually agreed
between the Parties within ninety (90) Days after the Effective Date.

 

“Option Expiration
Date” has the meaning ascribed to such term in Section 5.4.

 

“Party”
and “Parties” have the meanings ascribed to such terms in the Preamble.

 

    	 

     

    

 

“Period Output”
means, with respect to a period of time, an amount of electrical energy (expressed in MWh) equal to the product of the Contract
Capacity and the total number of hours in such period.

 

“Periodic Maintenance”
has the meaning ascribed to such term in Section 5.3(a)(ii).

 

“Person”
means and includes an individual, a partnership, a corporation, a limited liability company, a joint stock company, an unincorporated
association, a joint venture, a trust or other entity or any Governmental Authority.

 

“Plant”
has the meaning ascribed to such term in the Recitals.

 

“Plant Casualty”
has the meaning ascribed to such term in Section 12.3(a).

 

“Points of Delivery”
means the physical points at which electrical interconnection is made between the Purchaser’s Interconnection Facilities
and the Plant and are the points at which Seller makes available and delivers the Contract Energy to Purchaser. The Points of Delivery
are specified in Exhibit D.

 

“Power Distribution
Equipment” has the meaning ascribed to such term in the Recitals.

 

“Purchaser”
has the meaning ascribed to such term in the Preamble.

 

“Purchaser Business
Claim” means any claim, demand or action arising out of or in connection with the conduct of Purchaser and/or its Affiliates’
respective business.

 

“Purchaser Group”
has the meaning ascribed to such term in Section 14.1(b).

 

“Purchaser Hourly
Nomination” has the meaning ascribed to such term in Section 6.3.

 

“Purchaser Interconnection
Equipment” has the meaning ascribed to such term in Section 3.1.

 

“Purchaser Maximum
Liability Amount” has the meaning ascribed to such term in Section 14.5(a).

 

“Purchaser’s
Casualty” has the meaning ascribed to such term in Section 12.3(a).

 

“Purchaser’s
Contractor” means, individually and collectively, any and all third-party contractors and agents Purchaser shall retain
for purposes of designing, developing, constructing, operating, or maintaining the Purchaser’s Interconnection Facilities.

 

“Purchaser’s
Facilities” means the data processing facilities to be owned and operated by Purchaser and located adjacent to the Plant
and to which the Purchaser’s Interconnection Facilities will be interconnected.

 

“Purchaser’s
Interconnection Facilities” means the Power Distribution Equipment and the Purchaser Interconnection Equipment.

 

    	 

     

    

 

“Recipient”
has the meaning ascribed to such term in Section 13.1.

 

“Renewal Term”
has the meaning ascribed to such term in Section 2.2.

 

“Representatives”
means, with respect to a Party, such Party’s directors, members, officers, Affiliates, employees, contractors, agents and
advisors (including attorneys, accountants and consultants) who receive Confidential Information.

 

“Revised Capacity”
has the meaning ascribed to such term in Section 5.4.

 

“Revised Capacity
Effective Date” has the meaning ascribed to such term in Section 5.4.

 

“RMP”
has the meaning ascribed to such term in the Recitals.

 

“RMP Premises”
has the meaning ascribed to such term in the Recitals.

 

“Scheduled Maintenance”
has the meaning ascribed to such term in Section 5.3(a) and includes both Major Maintenance and Periodic Maintenance.

 

“Seller”
has the meaning ascribed to such term in the Preamble.

 

“Seller Group”
has the meaning ascribed to such term in Section 14.1(a).

 

“Seller Maximum
Liability Amount” has the meaning ascribed to such term in Section 14.5(a).

 

“Substation Completion”
means the Purchaser’s Interconnection Facilities are capable of safely (a) operating for commercial purposes, and (b) receiving
Contract Energy for commercial use, in each case, in accordance with Good Industry Practices and applicable Law.

 

“Substation Completion
Date” has the meaning ascribed to such term in Section 3.3.

 

“Tax”
or “Taxes” means any tax or similar governmental charge, impost or levy (including income taxes, franchise taxes,
transfer taxes or fees, sales taxes, use taxes, gross receipts taxes, value added taxes, employment taxes, excise taxes, ad valorem
taxes, property taxes, withholding taxes, payroll taxes, minimum taxes or windfall profit taxes) together with any related penalties,
fines, additions to tax or interest imposed by the United States or any state, county, local or foreign government or subdivision
or agency thereof.

 

“Technical Characteristics”
means a set of technical parameters describing the technical capabilities of the Plant, including (a) minimum capacity for stable
operation, (b) ramping speed for increasing and decreasing production capacity, and (c) minimum up-time and minimum down-time.
Technical Characteristics shall be more fully described in the Operations Manual.  For the avoidance of doubt, Technical Characteristics
shall not include the Anticipated Available Capacity.

 

“Term”
has the meaning ascribed to such term in Section 2.2.

 

“Third Party”
means any Person that is not a member of a Group.

 

    	 

     

    

 

“Third Party Claim”
means (a) any claim or demand for which an Indemnifying Party may be liable to the Indemnified Party hereunder which is asserted
by any Third Party, and (b) in the case of Purchaser as an Indemnifying Party, a Purchaser Business Claim.

 

“Usage Test Period”
means, for the first Usage Test Period, the period from the Substation Completion Date to the date that is six (6) months after
the Substation Completion Date, and for each subsequent Usage Test Period, each six (6) month period thereafter.

 

Section 1.2     
Interpretation. The following rules of interpretation shall apply unless otherwise stated herein:

 

(a)
The masculine shall include the feminine and neuter.

 

(b)
References to “Articles,” “Sections,” or “Exhibits” shall be to articles, sections, or exhibits
of this Agreement.

 

(c)
The words “herein,” “hereof” and “hereunder” shall refer to this Agreement as a whole and not
to any particular article or section of this Agreement; the word “including” shall mean “including, without limitation;”
and the word “include” shall mean “include, without limitation;” the word “until” shall mean
“until, but not including;” the word “from” shall mean “from and including.”

 

(d)
The Exhibits attached hereto are incorporated in and are intended to be a part of this Agreement.

 

(e)
This Agreement was negotiated and prepared by both Parties with the advice and participation of counsel. The Parties have agreed
to the wording of this Agreement and none of the provisions hereof shall be construed against one Party on the ground that such
Party is the author of this Agreement or any part hereof.

 

(f)   
The Parties shall act reasonably and in accordance with the principles of good faith and fair dealing in the performance of this
Agreement. Unless expressly provided otherwise in this Agreement, (i) where this Agreement requires the consent, approval or similar
action by a Party, such consent, approval or similar action shall not be unreasonably withheld, conditioned or delayed, and (ii)
wherever this Agreement gives a Party a right to determine, require, specify or take similar action with respect to a matter, such
determination, requirement, specification or similar action shall be reasonable.

 

(g)
All references to a particular entity shall include such entity’s successors and permitted assigns.

 

(h)
All references herein to any contract, agreement, standard, document, policy, instrument, or Law shall be to such contract, agreement,
standard, document, policy, instrument, or Law as amended, supplemented, modified, or replaced to the date of reference.

 

(i)    
The word “or” shall not be exclusive.

 

(j)    
The singular shall include the plural and vice versa.

 

    	 

     

    

 

Article 2

TERM OF AGREEMENT

 

Section 2.1     
Term. This Agreement shall begin on the Effective Date and shall continue in effect for an initial term ending five (5)
years after the Substation Completion Date (the “Initial Term”), unless terminated earlier pursuant to the terms
of this Agreement.

 

Section 2.2     
Option to Renew. The Parties may, by mutual written agreement, elect to extend the term of this Agreement for up to five
(5) additional periods of three (3) years each (each, a “Renewal Term” and, together with the Initial Term,
the “Term”). If the Parties fail to agree to extend the Term prior to the date that is three (3) months before
the expiration of the Initial Term or Renewal Term, as applicable, this Agreement shall terminate at the end of the then-remaining
Initial Term or Renewal Term, as applicable.

 

Article 3

DESIGN, DEVELOPMENT AND CONSTRUCTION; COVENANTS

 

Section 3.1     
Purchaser’s Interconnection Facilities. Purchaser shall, at Purchaser’s sole cost and expense, design, develop,
construct, own, operate, and maintain the Power Distribution Equipment and any interconnection equipment located on Purchaser’s
side of the Points of Delivery as required for Purchaser to receive the Contract Energy (the “Purchaser Interconnection Equipment”),
each in accordance with applicable Laws and Good Industry Practices. Purchaser shall reasonably cooperate and consult with Seller
regarding the design of the Purchaser’s Interconnection Facilities and shall keep Seller reasonably informed about the construction
progress thereof.

 

Section 3.2     
Permits. Purchaser shall obtain, at Purchaser’s sole cost and expense, all applicable permits, licenses and approvals
from any Governmental Authority required under applicable Law for the construction, ownership, operation, and maintenance of Purchaser’s
Interconnection Facilities and Purchaser’s Facilities (“Applicable Permits”). Purchaser shall file for
all Applicable Permits within thirty (30) Days after the Effective Date. Seller shall have the right to inspect and obtain copies
of all Applicable Permits held by Purchaser.

 

Section 3.3     
Substation Completion.

 

(a)
Purchaser shall provide Seller notice of when it reasonably anticipates Substation Completion to occur no later than thirty (30)
Days and not earlier than forty-five (45) Days in advance of Purchaser submitting notice to Seller of achieving Substation Completion
and shall provide any completed documentation it has available so that Seller may commence its review. Purchaser shall notify Seller
when it believes that Substation Completion has been achieved, including with such notice the results of any testing performed
and all other information necessary to demonstrate achievement of Substation Completion. Upon receipt thereof, Seller may conduct
such investigations and inspections as Seller deems necessary or appropriate to determine if Substation Completion has been achieved.
Within fifteen (15) days after Seller has received notice of the achievement of Substation Completion and all required documentation,
Seller shall either (a) notify Purchaser that Substation Completion has been achieved, or (b) notify Purchaser that Substation
Completion has not been achieved, stating the reasons therefor as verified by Seller’s licensed engineer. If Seller provides
notice that Substation Completion has not been achieved, Purchaser shall immediately correct and remedy any conditions that prevent
Substation Completion in consultation and reasonable cooperation with Seller. Upon completion of such corrective and remedial actions,
Purchaser shall so notify Seller in writing and the foregoing procedures shall be repeated until the date Substation Completion
has in fact been achieved and Seller has notified Purchaser of the same (the “Substation Completion Date”).

 

    	 

     

    

 

(b)
At any time that Purchaser receives notice by Seller of need for further corrective and remedial actions to achieve Substantial
Completion, Purchaser may consult with its own licensed engineer. If Purchaser’s licensed engineer disagrees with Seller’s
determination that Substation Completion has not been achieved (a “Dispute”), either Party may submit the Dispute
to technical dispute resolution by delivering written notice to the other Party. Within ten (10) days after delivering such notice,
the licensed engineers of Purchaser and Seller shall mutually select an independent third-party engineer (the “Independent
Engineer”) and submit to such Independent Engineer information in support of their respective positions as may be relevant,
which information will simultaneously be sent to the other Party. The Independent Engineer may hold separate meetings with each
Party or call a joint meeting of the Parties, to be held near the vicinity of the Plant (or other mutually agreed location). The
Independent Engineer shall, within thirty (30) days after such request for a determination, issue a non-binding decision. Any Party
that does not wish to comply with such decision shall promptly provide notice of its intention to the other Party within five (5)
days of such decision and shall bring a claim against the other Party in accordance with Section 18.4 and Section 18.5
hereof. The Parties shall share equally the costs of the Independent Engineer.

 

Section 3.4     
Land Use Arrangement. On or prior to the Mobilization Date, Seller shall procure a land-use arrangement between RMP and
Purchaser in the form of a lease agreement pursuant to which RMP shall grant Purchaser the right, at no additional cost, to (a)
construct, operate, and access the Purchaser’s Interconnection Facilities and the Purchaser’s Facilities on the RMP
Premises; and (b) apply for an electrical interconnection with NorthWestern Energy in the event this Agreement is terminated in
accordance with its terms.

 

Article 4

OPERATION AND MAINTENANCE

 

Section 4.1     
Responsibility for Operation and Maintenance. Purchaser shall, at Purchaser’s sole risk, cost and expense, operate,
maintain, and repair the Purchaser’s Interconnection Facilities, or cause the Purchaser’s Interconnection Facilities
to be operated, maintained and repaired, in accordance with applicable Law and the requirements of this Agreement. Seller shall,
at Seller’s sole risk, cost and expense, cause the Plant to be operated, maintained and repaired, in accordance with applicable
Law, Good Industry Practices, and the requirements of this Agreement.

 

Section 4.2     
Observation Visits. Seller and its Affiliates, and its and their respective Representatives shall have the right, on a recurring
basis at reasonable intervals and upon reasonable prior notice to Purchaser, to observe the progress of the construction of the
Purchaser’s Interconnection Facilities, the testing and commissioning of the Purchaser’s Interconnection Facilities,
and the operation and maintenance of the Purchaser’s Interconnection Facilities. Purchaser shall comply with all reasonable
requests of Seller and its Representatives for, and assist in arranging, any such observation visits. All Persons attending such
observation visits on behalf of Seller shall comply with the instructions and directions of Purchaser, including all of Purchaser’s
reasonable safety and health rules and requirements provided to Seller in writing.

 

    	 

     

    

 

Article 5

PURCHASE OF ENERGY

 

Section 5.1     
Contract Energy. Under the terms and conditions specified in this Agreement, beginning on the Substation Completion Date
and for the remainder of the Term, Seller shall sell and deliver, or cause to be delivered, and Purchaser shall receive and purchase,
the Contract Energy at the Points of Delivery.

 

Section 5.2     
Title and Risk of Loss. Title to the Contract Energy and risk of loss associated with such Contract Energy shall pass to
Purchaser upon delivery of the Contract Energy to Purchaser at the Points of Delivery. Seller and its Affiliates shall be responsible
for the costs, liabilities, Taxes, losses, and charges of any kind associated with the delivery of Contract Energy up to the Points
of Delivery. Purchaser shall be responsible for all costs, liabilities, Taxes, losses, and charges of any kind at and after the
delivery of Contract Energy at the Points of Delivery.

 

Section 5.3     
Outages.

 

(a)
Scheduled Maintenance. Seller shall submit to Purchaser a copy of RMP’s non-binding schedule of planned interruptions
and/or reductions of the Plant’s generation required for inspection, preventive, corrective and other maintenance activities
at the Plant (“Scheduled Maintenance”) in accordance with the procedures set forth below.

 

(i)    
On or before October 1 and April 1 of each calendar year during the Term (each, a “Maintenance Notice Date”),
Seller shall submit to Purchaser a copy of RMP’s non-binding schedule of any proposed major maintenance at the Plant that
is anticipated to last in excess of twenty (20) Days during the six (6) Month period following such Maintenance Notice Date (“Major
Maintenance”).

 

(ii)       
For curtailments for Scheduled Maintenance that are not Major Maintenance (“Periodic Maintenance”), Seller shall
notify Purchaser at least forty-five (45) Days (or, if it would be impracticable to give such forty-five (45) Days’ notice,
such shorter period as is reasonable under the circumstances) in advance of the proposed commencement of such Periodic Maintenance.

 

(iii)     
Unless otherwise agreed to between the Parties, Seller and its Affiliates shall endeavor to cause any Scheduled Maintenance not
to exceed thirty-five (35) Days; provided, that, commencing on January 1, 2024, Seller and its Affiliates shall be entitled
to arrange one (1) Scheduled Maintenance of up to forty-five (45) Days every seven (7) calendar years during the Term.

 

(b)
Forced Outages. Seller shall, as promptly as is practicable under the circumstances following the commencement of a Forced
Outage, provide to Purchaser a report by telephone, fax, or electronic mail of such Forced Outage, which report shall include the
amount of capacity in MW affected by such Forced Outage and the expected end date and/or time of the Forced Outage, as advised
by RMP. Seller shall, in consultation with RMP, update such report as necessary to advise Purchaser of any changed circumstances
with respect to such Forced Outage.

 

    	 

     

    

 

Section 5.4     
Option to Increase Contract Capacity. At any time, and from time to time, on or prior to March 31, 2022 (the “Option
Expiration Date”), Purchaser shall have the option to increase the Contract Capacity under this Agreement to an amount
not to exceed 100 MW in the aggregate, upon the same terms and conditions as otherwise set forth herein (such increased Contract
Capacity, the “Revised Capacity” and the amount of any such increase (in MW), the “Increased Capacity
Amount”). Purchaser may exercise such option from time to time on or prior to the Option Expiration Date by delivering
written notice (each, an “Exercise Notice”) of such election to Seller which written notice shall include (a)
the proposed Increased Capacity Amount and Revised Capacity and (b) the date on which Purchaser desires to commence receipt of
Contract Energy associated with such Increased Capacity Amount, which date shall be at least 120 Days after the date of such notice
(the “Revised Capacity Effective Date”). Upon Seller’s receipt of a timely delivered Exercise Notice,
(i) the Parties shall amend this Agreement to increase the Contract Capacity to the Revised Capacity effective as of the Revised
Capacity Effective Date and (ii) the Available Output, Credited Output, and Period Output for the applicable Availability Test
Period and Usage Test Period when such Revised Capacity Effective Date occurs shall be calculated on a pro rata basis based on
the portion of such Availability Test Period or Usage Test Period, as applicable, during which the applicable Contract Capacity
immediately prior to such amendment and the applicable Revised Capacity are in effect. Except with respect to any Exercise Notice
delivered on or prior to the Option Expiration Date, such option shall terminate as of the Option Expiration Date and this Section
5.4 shall be of no further force and effect.

 

Article 6

NOMINATION, AVAILABILITY AND DISPATCH

 

Section 6.1     
Monthly Energy Nomination. At least five (5) Days prior to the Substation Completion Date, and thereafter at least five
(5) Days prior to the first (1st) Day of each Month, Purchaser shall provide Seller a written, non-binding forecast of the amount
of Contract Energy that Purchaser desires to receive and purchase from Seller for each hour in the immediately following Month
(or in the case of the first such forecast, in the Month in which the Substation Completion Date occurs) (the “Monthly
Energy Nomination”). Purchaser shall promptly notify Seller of any changes to the Monthly Energy Nomination.

 

Section 6.2     
Daily Availability Notice & Update. From and after the week immediately prior to the week in which the Substation Completion
Date occurs, Seller shall, no later than two (2) Business Days before each week, notify Purchaser of its reasonable best estimate
of (a) the anticipated available Contract Capacity in MW of the Plant for each hour (the “Anticipated Available Capacity”)
during such week, and (b) the Technical Characteristics of the Plant. From and after the Day immediately prior to the Substation
Completion Date, Seller shall, by 05:00 a.m. Mountain time each Day, provide Purchaser with a daily update of the Anticipated Available
Capacity and the Technical Characteristics for the immediately following Day. In the event that Seller does not provide the daily
update in time, the last provided Anticipated Available Capacity and the Technical Characteristics shall prevail until such update
is provided.

 

    	 

     

    

 

Section 6.3     
Daily Energy Nomination. From and after the Day immediately prior to the Substation Completion Date, Purchaser shall, by
6:00 a.m. Mountain time each Day, advise Seller of the amount of Contract Energy that Purchaser desires to receive and purchase
from Seller in each hour of the immediately following Day (the “Purchaser Hourly Nomination”). Purchaser shall
promptly notify Seller of any changes to the Purchaser Hourly Nomination.

 

Section 6.4     
Dispatch. Subject to the terms and conditions of this Agreement, and subject to Plant availability, Fuel availability, ramp
rates, control area requirements, and Good Industry Practice, Contract Energy will be dispatched to Purchaser in substantially
the amounts of the Purchaser Hourly Nomination.

 

Article 7

PRICE AND ADJUSTMENTS

 

Section 7.1     
Monthly Energy Payment. Subject to Section 7.2, commencing on the Substation Completion Date, Purchaser shall pay
Seller a Monthly payment of Two and Eight Tenths Cents ($0.028) per KWh (as adjusted, the “Contract Price”)
of Contract Energy delivered to Purchaser at the Points of Delivery, which shall be calculated by multiplying the Contract Price
by the amount of Contract Energy delivered to Purchaser at the Points of Delivery in such Month (such payment, the “Energy
Payment”).

 

Section 7.2     
Adjustment to Contract Price. Commencing on the sixth (6th) anniversary of the Substation Completion Date, and each subsequent
anniversary of the Substation Completion Date thereafter during the Term, the Contract Price will automatically increase by two
percent (2%).

 

Article 8

BILLING AND PAYMENT

 

Section 8.1     
Monthly Invoices. On or about the fifth (5th) Business Day of each Month, Seller shall submit to Purchaser an invoice for
the prior Month (the “Monthly Invoice”) setting forth (a) the Available Output in such Month, if any; (b)
the quantity of Contract Energy delivered to Purchaser in such Month, if any; (c) the Energy Payment for such Month; (d) the amount
of any additional charges assessed pursuant to this Agreement in such Month; and (e) all applicable sales or excise Taxes. The
Monthly Invoice also shall contain detailed calculations indicating the derivation of the amounts specified in (a) through (e)
above. The total amount due from Purchaser in respect of such Month shall equal the sum of the amounts specified in the Monthly
Invoice for items (c) through (e) above.

 

Section 8.2     
Payment of Monthly Invoice. Each Monthly Invoice shall, subject to Section 8.3, be due and payable on or before the
fifteenth (15th) Day after the date such Monthly Invoice was sent to Purchaser. Payment shall be made by wire transfer in immediately
available funds to a bank account specified by Seller in the Monthly Invoice.

 

Section 8.3     
Payment Disputes. If Purchaser, in good faith, disputes any amount due pursuant to a Monthly Invoice, Purchaser shall pay
the undisputed portion of such Monthly Invoice on or before the due date and notify Seller in writing in reasonable detail of the
specific basis for such dispute. Any such notice shall be provided within thirty (30) Days after the date of the statement in which
the disputed amount first appeared. The Parties shall resolve the dispute in accordance with Section 18.4. If any amount
disputed by Purchaser is determined not to have been due to Seller, such amount shall be reimbursed to Purchaser within ten (10)
Business Days after such determination or resolution, along with interest accrued at the Interest Rate from the original date due
until the date reimbursed.

 

    	 

     

    

 

Section 8.4     
Late Payments. Undisputed amounts not paid when due shall accrue interest from and including the due date, to and excluding
the date of payment, at the Interest Rate.

 

Section 8.5     
Records. Each Party shall keep and maintain all records as may be necessary or useful in performing or verifying any calculations
made pursuant to this Agreement, or in verifying such Party’s performance hereunder. All such records shall be retained by
each Party for at least three (3) calendar years (or such longer period as may be required by applicable Law) following the calendar
year in which such records were created.

 

Section 8.6     
Contract Energy Reconciliation. Upon request, each Party shall provide to the other Party statements evidencing the quantities
of Contract Energy delivered at the Points of Delivery. If any such statement is found to be inaccurate based on the Metering Equipment
(as defined in Section 9.1 below), a corrected statement shall be issued promptly and any amount due thereunder will be
paid within ten (10) Business Days and shall bear interest calculated at the Interest Rate from the date of the overpayment or
underpayment to the date of receipt of the reconciling payment. Notwithstanding the above, no adjustment shall be made with respect
to any statement or payment hereunder unless a Party asserts its challenge to the accuracy of such payment or statement within
one (1) year after the date of such statement or payment.

 

Article 9

METERING EQUIPMENT

 

Section 9.1     
Metering Equipment. Seller, at Seller’s cost and expense, shall design, construct, install, operate, calibrate, and
maintain metering devices (the “Metering Equipment”) to measure the Contract Energy delivered to Purchaser from
the Plant. From and after the Substation Completion Date, Seller shall cause the Metering Equipment to be tested and calibrated
once every twelve (12) Months during the Term, at Seller’s sole cost and expense. Seller shall notify Purchaser of the date
and time of such testing and calibration and Purchaser shall be allowed to have one (1) representative present to witness such
tests. Seller shall cause any Metering Equipment that is found upon testing to be inaccurate by more than two percent (2%) to be
repaired, adjusted, or replaced, at Seller’s cost and expense.

 

Section 9.2     
Purchaser Test. Purchaser may request a test of the Metering Equipment at any time during the Term and Purchaser shall be
allowed to have one (1) representative present to witness such test. Such representative of Purchaser shall comply with all instructions
and directions of Seller, Seller’s Affiliates and RMP personnel, including all of RMP’s applicable health and safety
rules. If a Purchaser-requested test reveals that the Metering Equipment registers accurately within two percent (2%), Purchaser
shall bear the cost and expense of such test. If a Purchaser-requested test reveals that the Metering Equipment does not register
accurately within two percent (2%), Seller shall bear the cost and expense of such test, and shall repair, adjust, or replace such
Metering Equipment to be repaired, adjusted, or replaced at Seller’s cost and expense.

 

    	 

     

    

 

Section 9.3     
Billing Adjustments. If any test conducted pursuant to this Agreement reveals that the Metering Equipment fails to register
accurately within two percent (2%), the Parties shall correct previous billings under this Agreement according the error percentage
for the actual period determined to be in error. If the actual period cannot be determined, the billing adjustment period shall
be one-half of the period since the most recent test of the Metering Equipment. Any correction in the billing resulting from such
repairs, adjustments, or replacements shall be made in the accounting rendered for the next Month, and such correction, when made,
shall constitute full resolution of any claim between the Parties arising out of such inaccuracy of the Metering Equipment.

 

Section 9.4     
Purchaser Meters. Purchaser may, at Purchaser’s sole cost and expense, install and maintain additional metering equipment
for purposes of monitoring, recording, or transmitting data relating to its purchase of Contract Energy from the Plant. Upon Purchaser’s
reasonable request, Seller shall arrange for an installation location at the Points of Delivery for such additional Purchaser metering
equipment.

 

Article 10

FORCE MAJEURE

 

Section 10.1
Force Majeure. No failure or omission to carry out or observe any of the terms, provisions, or conditions of this Agreement
shall give rise to any claim by a Party against the other Party, or be deemed to be a breach or default of this Agreement if such
failure or omission shall be caused by or arise out of an event of Force Majeure. No obligations of either Party that were required
to be performed before the occurrence of an event of Force Majeure causing the suspension of performance shall be excused as a
result of such occurrence. The obligation to pay money in a timely manner shall not be subject to the Force Majeure provisions.

 

Section 10.2
Notice. If either Party’s ability to perform its obligations under this Agreement is affected by an event of Force
Majeure, such affected Party shall, as promptly as reasonably possible, upon learning of such event and ascertaining that it will
delay its performance hereunder (but in any event within two (2) Business Days after the affected Party becomes aware of such delay),
give notice to the other Party stating the nature of the event, its anticipated duration and effect upon the performance of the
affected Party’s obligations, and any action being taken to avoid or minimize its effect.

 

Section 10.3
Scope of Suspension; Duty to Mitigate. The suspension of performance due to an event of Force Majeure shall be of no greater
scope and no longer duration than is required by such event and the effects of such event. The affected Party shall use its commercially
reasonable efforts to: (a) mitigate the duration of, and costs arising from, any suspension or delay in the performance; (b) continue
to perform its obligations hereunder to the extent unaffected by the Force Majeure event; and (c) use reasonable efforts to remedy
its inability to perform. The affected Party shall not be obliged to take any steps that would not be in accordance with Good Industry
Practices or applicable Law or that would be beyond its reasonable control. The affected Party shall resume the performance of
its obligations under this Agreement as soon as is reasonably practicable after the events of Force Majeure are remedied or cease
to exist.

 

    	 

     

    

 

Section 10.4
Termination Due to Force Majeure. If a Force Majeure event prohibits a Party from performing under this Agreement for a
consecutive period of time greater than two hundred seventy (270) Days, then the other Party, in its sole discretion, shall have
the right to terminate this Agreement without penalty, subject to Section 11.3 hereof.

 

Article 11

EVENTS OF DEFAULT; REMEDIES; TERMINATION

 

Section 11.1
Events of Default. The following events shall be “Events of Default”:

 

(a)
Failure by a Party to make any undisputed payment hereunder when due, including pursuant to Section 8.2 and Section 8.6,
and such failure continues uncured for five (5) Business Days after receipt by the defaulting Party of written notice of such failure.

 

(b)
Except to the extent constituting a separate Event of Default, failure of a Party to perform any other material obligation hereunder
and such failure continues uncured for thirty (30) Days after receipt by the defaulting Party of written notice of such failure;
provided, that so long as a defaulting Party has initiated and is diligently attempting to effect a cure, the defaulting
Party’s cure period shall extend for an additional sixty (60) Days.

 

(c)
Any representation or warranty made by a Party under this Agreement shall have been false in any material respect when made, and
has materially and adversely affected the relying Party and such falsity continues uncured for thirty (30) Days after receipt by
the defaulting Party of written notice of such falsity; provided, that so long as a defaulting Party has initiated and is
diligently attempting to effect a cure, the defaulting Party’s cure period shall extend for an additional sixty (60) Days.

 

(d)
A Party (A) makes an assignment for the benefit of creditors, (B) files a petition or otherwise commences, authorizes, or acquiesces
in the commencement of a proceeding or cause of action under any bankruptcy or similar law, (C) has a petition filed against it
under any bankruptcy or similar law and such petition is not withdrawn or dismissed for sixty (60) Days after such filing, (D)
becomes insolvent, or (E) is unable to pay its debts when due.

 

(e)
In the case of Purchaser as the defaulting Party, Purchaser fails to nominate and purchase at least seventy-five percent (75%)
of the Available Output during any Usage Test Period.

 

(f)   
In the case of Seller as the defaulting Party, Seller’s failure to maintain an Availability Factor equal to or greater than
seventy-five percent (75%) during any Availability Test Period.

 

Section 11.2
Remedies. Upon the occurrence of, and during the continuation of, any of the Events of Default, the non-defaulting Party
may, as its sole and exclusive remedy, elect to terminate this Agreement with immediate effect by notice to the defaulting Party
and this Agreement will be of no further force and effect except (a) as provided in Section 11.3 below and (b) with respect
to the rights and obligations of the Parties arising prior to the applicable termination date.

 

    	 

     

    

 

Section 11.3
Survival of Obligations. The covenants and obligations of the Parties set forth in Section 8.5, Section 8.6,
Article 13, Article 14, Article 17, Section 18.4, and Section 18.5 shall survive
the expiration or earlier termination of this Agreement until such obligations have been satisfied, or as otherwise provided in
such Sections and Articles or pursuant to any applicable statute of limitations.

 

Article 12

INSURANCE; CASUALTY

 

Section 12.1
Purchaser Insurance Coverage. During the Term, Purchaser shall secure and maintain, and shall require Purchaser’s
Contractor to secure and maintain, subject to applicable Laws, the minimum insurance or coverages as specified on Exhibit E
of this Agreement, as the same may be amended and restated from time to time by mutual agreement of the Parties.

 

Section 12.2
Proof of Insurance. Prior to the Mobilization Date, Purchaser shall provide to Seller copies of certificates of insurance
evidencing the coverages Purchaser and Purchaser’s Contractor are required to obtain under this Agreement. Seller shall have
the right to inspect any insurance policies upon five (5) Business Days’ notice, including original copies of such policies.

 

Section 12.3
Casualty Event.

 

(a)
If the Purchaser’s Interconnection Facilities, or any portion thereof, shall be damaged or destroyed by fire or other casualty
(a “Purchaser’s Casualty”), Purchaser shall, as soon as reasonably practical, at Purchaser’s sole
cost and expense, repair or reconstruct the Purchaser’s Interconnection Facilities, or such portion thereof, to a condition
that allows the Purchaser’s Interconnection Facilities to be able to safely receive Contract Energy. Purchaser shall apply
any insurance proceeds it receives or to which it is entitled relating to any Purchaser’s Casualty to the repair and, if
necessary, reconstruction of the Purchaser’s Interconnection Facilities, or any portion thereof.

 

(b)
If (i) the Plant, or any portion thereof, shall be damaged or destroyed by an insurable casualty (a “Plant Casualty”),
and (ii) RMP confirms that the aggregate cost to repair or reconstruct the Plant, or such portion thereof, as a result of such
Plant Casualty is less than One Hundred Million Dollars ($100,000,000), Seller shall cause the Plant, or such portion thereof,
to be repaired or constructed, to a condition that allows the Plant to be able to safely generate and deliver Contract Energy to
Purchaser in accordance with Good Industry Practice. If RMP confirms that the aggregate cost to repair or reconstruct the Plant,
or such portion thereof, as a result of a Plant Casualty is equal to or greater than One Hundred Million Dollars ($100,000,000),
Seller shall be entitled to terminate this Agreement upon notice to Purchaser with immediate effect, subject to Section 11.3
hereof.

 

Article 13

CONFIDENTIALITY

 

Section 13.1
Confidentiality Obligations. The Party receiving Confidential Information (“Recipient”) shall (a) use
Confidential Information only for the purpose of carrying out the transactions contemplated by this Agreement, (b) not disclose
Confidential Information to any Person (other than its Representatives, subject to (c) below) or by legal or judicial process (subject
to Section 13.2), and (c) limit dissemination of Confidential Information to its Representatives that have a “need
to know” for purposes of carrying out the transactions contemplated by this Agreement, but only to the extent necessary to
evaluate or carry out the transactions contemplated by this Agreement and only to Representatives who have been specifically instructed
to maintain the confidentiality of the Confidential Information in accordance with the provisions of this Article 13.
The Parties understand and acknowledge that Discloser does not make any representation or warranty, express or implied, as to the
accuracy or completeness of the Confidential Information. The Parties further agree that Discloser shall not have any liability
to the Recipient relating to or resulting from the use of the Confidential Information or any errors therein or omissions therefrom.

 

    	 

     

    

 

Section 13.2
Disclosure Compelled by Law. Except with regard to its Representatives, each Party agrees that, without the prior written
consent of the other Party, neither it nor any of its Representatives will disclose to any other Person (a) the terms of this Agreement,
(b) that it and/or any of its Representatives have received Confidential Information from the disclosing Party (“Discloser”)
or that Confidential Information has been made available by Discloser, or (c) any of the terms, conditions or other facts with
respect to the transactions contemplated by this Agreement, including the status thereof, except that each Party may make such
disclosure if, following consultation with counsel, such Party reasonably believes such disclosure must be made in order to comply
with applicable Law including all disclosures required to be made by Purchaser pursuant to the applicable securities laws and regulations;
provided that, to the extent legally permissible, the Party intending to make such disclosure shall provide the other Party with
notice thereof prior to making such disclosure. If Recipient or any of its Representatives becomes legally compelled (including
by deposition, interrogatory, request for documents, subpoena, civil investigative demand or similar process) to disclose any of
the Confidential Information, Recipient shall use reasonable efforts to provide Discloser with prompt prior written notice to the
extent legally permissible of such requirement so that except with respect to Purchaser’s required disclosures under the
applicable securities laws and regulations, Discloser may seek a protective order or other appropriate remedy (at Discloser’s
sole expense). If such protective order or other remedy is not obtained, Recipient and its Representatives will disclose only that
portion of the Confidential Information which such Party, following consultation with counsel, reasonably believes is legally required
to be disclosed and will take reasonable steps to preserve the confidentiality of the Confidential Information (including reasonably
cooperating with Discloser’s efforts, at Discloser’s sole cost and expense, to obtain an appropriate protective order
or other reliable assurance that confidential treatment will be accorded the Confidential Information so disclosed). Recipient
shall be responsible for any breach of this Article 13 by its Representatives and each Party will (at its own expense)
take all actions necessary to restrain its Representatives from making any unauthorized use or disclosure of any Confidential Information.
Neither Recipient nor its Representatives shall retain or use for its account at any time any trade names, trademark or other proprietary
business designation used or owned in connection with the business of Discloser. Nothing in this Article 13 shall convey
to Recipient or its Representatives any right, title, interest or license in or to any Confidential Information received from Discloser,
or any trade names, trademark or intellectual property rights of Discloser.

 

Section 13.3
Return or Destroy Confidential Information. At the request of Discloser following the expiration of the Term or earlier
termination of this Agreement, Recipient and its Representatives will promptly: (a) as elected by Recipient, either return to Discloser
or destroy all Confidential Information and all copies thereof furnished to Recipient or its Representatives by or on behalf of
Discloser pursuant hereto, (b) destroy all copies of all other Confidential Information prepared by Recipient or its Representatives,
and (c) expunge, to the extent reasonably practicable, all such Confidential Information from any computer, word processor or other
device containing such information; provided, that Recipient shall not be obligated to return, destroy or expunge (i) Confidential
Information maintained in accordance with its legal and regulatory compliance, security and/or disaster recovery procedures, or
(ii) electronic copies on back-up drives; it being understood that all such retained information will continue to be maintained
in confidence in accordance with the terms of this Article 13.

 

    	 

     

    

 

Section 13.4
Injunctive Relief. The Parties agree that the conditions in this Article 13 and the Confidential Information
disclosed pursuant to this Article 13 are of a special, unique, and extraordinary character, that Discloser may be
irreparably harmed by any disclosure of the Confidential Information in violation of this Article 13, and that the
use of the Confidential Information for the business purposes of (a) any Party other than in connection with the transactions contemplated
by this Agreement, or (b) any third party, would enable such Party or third party to compete unfairly with the Party whose Confidential
Information is disclosed. For these reasons, the Parties acknowledge and agree that money damages would not be a sufficient remedy
for any breach of any provision of this Article 13, and that in addition to any other remedies which Discloser may
have, Discloser shall be entitled to seek specific performance and injunction or other equitable relief as a remedy for any such
breach.

 

Section 13.5
Public Announcements. The Parties agree to consult with each other before issuing any press release or making any public
statement with respect to this Agreement or the transactions contemplated hereby and, except for any press releases or public announcements
the issuance or making of which is required by applicable Law, not to issue any such press release or make any such public statement
without the prior written consent of the other Party.

 

Article 14

LIABILITY AND INDEMNIFICATION

 

Section 14.1
Indemnification.

 

(a)
Purchaser. Subject to the limitations set forth herein, Purchaser shall indemnify and defend Seller and its Affiliates,
and its and their respective Representatives (collectively, “Seller Group”) against, and hold Seller Group harmless
from, at all times after the date hereof, any and all Losses incurred, suffered, sustained or required to be paid, directly or
indirectly by, or sought to be imposed upon, Seller Group, including as a result of a Third Party Claim, to the extent such Losses
arise out of or result from (i) any Purchaser Business Claim, (ii) any failure of Purchaser or its Affiliates to perform Purchaser’s
obligations under this Agreement, (iii) a breach of any representations or warranties of Purchaser under this Agreement, (iv) any
grossly negligent or willful misconduct or breach of applicable Law on the part of Purchaser or any member of the Purchaser Group
in connection with the performance of this Agreement, or (v) personal injury or death to Persons or damage to property to the extent
caused by the gross negligence or willful misconduct of any member of the Purchaser Group.

 

    	 

     

    

 

(b)
Seller. Seller shall indemnify and defend Purchaser and its Affiliates, and its and their respective Representatives (collectively,
“Purchaser Group”) against, and hold Purchaser Group harmless from, at all times after the Effective Date, any
and all Losses incurred, suffered, sustained or required to be paid, directly or indirectly by, or sought to be imposed upon, Purchaser
Group, including as a result of a Third Party Claim, to the extent such Losses arise out of or result from (i) any failure of Seller
or its Affiliates to perform Seller’s obligations under this Agreement, (ii) a breach of any representations or warranties
of Seller under this Agreement, (iii) any grossly negligent or willful misconduct or breach of applicable Law on the part of Seller
or any member of the Seller Group in connection with the performance of this Agreement, or (iv) personal injury or death to Persons
or damage to property to the extent caused by the gross negligence or willful misconduct of any member of the Seller Group.

 

Section 14.2
Indemnification for Fines and Penalties. Any fines or other penalties incurred by a Party for non-compliance with applicable
Law shall not be reimbursed by the other Party unless such other Party has breached this Agreement and such fines and penalties
would not have been imposed on the non-breaching Party but for such breach.

 

Section 14.3
Indemnification Claim Process.

 

(a)
All claims for indemnification by an indemnified party (the “Indemnified Party”) under this Article 14
shall be asserted and resolved in accordance with Section 14.3 and Section 14.4.

 

(b)
If an Indemnified Party intends to seek indemnification pursuant to this Article 14 in respect of a Third Party Claim,
the Indemnified Party shall promptly, but in no event more than thirty (30) Business Days following such Indemnified Party’s
knowledge of the basis for making a claim hereunder, notify the indemnifying Party (the “Indemnifying Party”)
in writing of such claim, describing such claim in reasonable detail and the amount or estimated amount of Losses (the “Claims
Notice”); provided that failure to give such notification on a timely basis will not affect the indemnification
provided hereunder except to the extent that such failure to give such notification results in (i) the forfeiture by the Indemnifying
Party of rights and defenses otherwise available to the Indemnifying Party with respect to such claim or (ii) prejudice to the
Indemnifying Party with respect to such claim. For avoidance of doubt, such indemnification obligations shall be reduced only by
the amount of actual prejudice to the Indemnifying Party resulting from such failure to deliver a timely Claims Notice.

 

(c)
The Indemnifying Party shall have thirty (30) Days from the date on which the Indemnifying Party received the Claims Notice to
notify the Indemnified Party that the Indemnifying Party desires to control the defense or prosecution of the Third Party Claim
and any litigation resulting therefrom with counsel of its choice at the Indemnifying Party’s sole cost and expense; provided,
however, that (i) in no event shall such control of the defense be deemed to be an admission or assumption of liability
on the part of the Indemnifying Party and (ii) the Indemnifying Party will not be entitled to control or continue the defense thereof
if the Third Party Claim (A) principally seeks any injunctive or other equitable relief, (B) relates to or arises in connection
with any criminal conduct or claims by a regulatory agency, or (C) is for a cumulative amount that exceeds the Seller Maximum Liability
Amount or the Purchaser Maximum Liability Amount, as applicable. If the Indemnifying Party is entitled to assume and assumes the
defense of such claim in accordance herewith: (x) the Indemnified Party may retain separate co-counsel at its sole cost and expense
and participate in the defense of such Third Party Claim, but the Indemnifying Party shall control the investigation, defense and
settlement thereof (provided, however, that if (A) there are legal defenses available to an Indemnified Party that
are different from or additional to those available to the Indemnifying Party or (B) there exists a conflict of interest between
the Indemnifying Party and the Indemnified Party, the Indemnifying Party shall be liable for the reasonable fees and expenses of
one (1) separate counsel to all of the applicable Indemnified Parties in addition to one local (1) counsel in each jurisdiction
that may be necessary or appropriate); (y) the Indemnified Party shall not file any papers or consent to the entry of any judgment
or enter into any settlement with respect to such Third Party Claim without the prior written consent of the Indemnifying Party;
and (z) the Indemnifying Party shall not consent to the entry of any judgment or enter into any settlement with respect to such
Third Party Claim without the prior written consent of the Indemnified Party unless the judgment or settlement provides solely
for the payment of money by the Indemnifying Party and the Indemnifying Party makes such payment and the Indemnified Party receives
an unconditional release with respect to such Third Party Claim. The Parties shall act in good faith in responding to, defending
against, settling or otherwise dealing with Third Party Claims, and cooperate in any such defense and give each other reasonable
access to all information relevant thereto. Whether or not the Indemnifying Party has assumed the defense of such Third Party Claim,
the Indemnifying Party will not be obligated to indemnify the Indemnified Party hereunder with respect to any settlement entered
into or any judgment consented to without the Indemnifying Party’s prior written consent.

 

    	 

     

    

 

(d)
If the Indemnifying Party does not or is not entitled to assume the defense of such Third Party Claim within thirty (30) Days of
receipt of the Claims Notice, the Indemnified Party will be entitled to assume such defense, at its sole cost and expense (or,
if the Indemnified Party incurs a Loss with respect to the matter in question for which the Indemnified Party is entitled to indemnification
pursuant to Article 14, at the expense of the Indemnifying Party (which expense shall be paid timely on demand)), upon
delivery of notice to such effect to the Indemnifying Party; provided, however, that the Indemnifying Party (i) shall
have the right to participate in the defense of the Third Party Claim at its sole cost and expense; and (ii) shall not be obligated
to indemnify the Indemnified Party hereunder for any settlement entered into or any judgment consented to without the Indemnifying
Party’s prior written consent.

 

(e)
From and after the Effective Date, each Party and its respective Affiliates shall provide reasonable cooperation in all aspects
of any investigation, defense, pretrial activities, trial, compromise, settlement or discharge of any claim in respect of which
an Indemnified Party is seeking indemnification pursuant to this Article 14, including by providing the Indemnifying
Party with reasonable access to books, records, employees and officers (including as witnesses) of the Indemnified Party and its
Affiliates.

 

Section 14.4
Indemnification Procedures for Non-Third Party Claims. The Indemnified Party will deliver a Claims Notice to the Indemnifying
Party promptly upon its discovery of any matter for which the Indemnifying Party may be liable to the Indemnified Party hereunder
that does not involve a Third Party Claim; provided that failure to promptly give such notification will not affect the
indemnification provided hereunder except to the extent that such failure to give such notification results in (a) the forfeiture
by the Indemnifying Party of rights and defenses otherwise available to the Indemnifying Party with respect to such claim or (b)
prejudice to the Indemnifying Party with respect to such claim. For avoidance of doubt, such indemnification obligations shall
be reduced only by the amount of actual prejudice to the Indemnifying Party resulting from such failure to deliver a timely Claims
Notice. The Indemnified Party shall reasonably cooperate and assist the Indemnifying Party in determining the validity of any claim
for indemnity by the Indemnified Party and in otherwise resolving such matters. Such assistance and cooperation shall include providing
reasonable access to and copies of information, records and documents relating to such matters.

 

    	 

     

    

 

Section 14.5
Limitations on Liability.

 

(a)
NOTWITHSTANDING ANY OTHER PROVISION TO THE CONTRARY, WHETHER AN ACTION OR CLAIM IS BASED ON WARRANTY, CONTRACT (INCLUDING BREACH,
WARRANTY, INDEMNITY), TORT (INCLUDING FAULT, NEGLIGENCE OR STRICT LIABILITY) OR OTHERWISE, UNDER NO CIRCUMSTANCE SHALL (i) SELLER’S
TOTAL AGGREGATE LIABILITY ARISING OUT OF OR RELATED TO THIS AGREEMENT, EXCEED ONE MILLION DOLLARS ($1,000,000) (THE “SELLER
MAXIMUM LIABILITY AMOUNT”) AND (ii) PURCHASER’S TOTAL AGGREGATE LIABILITY ARISING OUT OF OR RELATED TO THIS AGREEMENT,
EXCEED ONE MILLION DOLLARS ($1,000,000) (THE “PURCHASER MAXIMUM LIABILITY AMOUNT”); PROVIDED, HOWEVER,
THAT THE SELLER MAXIMUM LIABILITY AMOUNT, OR THE PURCHASER MAXIMUM LIABILITY AMOUNT, AS APPLICABLE, SHALL NOT APPLY TO, AND NO
CREDIT SHALL BE ISSUSED AGAINST SUCH LIMITATION FOR (A) AN INDEMNIFYING PARTY’S FRAUD OR WILLFUL MISCONDUCT, AND (B) AN INDEMNIFYING
PARTY’S OBLIGATIONS HEREUNDER FOR THIRD PARTY CLAIMS. FOR THE PURPOSE OF DETERMINING WHETHER THE SELLER MAXIMUM LIABILITY
AMOUNT OR THE PURCHASER MAXIMUM LIABILITY AMOUNT, AS APPLICABLE, HAS BEEN MET, INSURANCE PROCEEDS RECEIVED FROM THE INSURANCE POLICIES
REQUIRED TO BE MAINTAINED UNDER THIS AGREEMENT SHALL NOT BE INCLUDED; PROVIDED, HOWEVER, THAT EITHER PARTY WILL NOT
BE SUBJECT TO INDEMNIFICATION TO THE EXTENT AN EVENT IS OTHERWISE COVERED BY INSURANCE AND FOR WHICH THE INDEMNIFIED PARTY ACTUALLY
RECEIVED INSURANCE PROCEEDS.

 

(b)
NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY SPECIAL, CONSEQUENTIAL, INDIRECT, EXEMPLARY, SPECULATIVE, OR PUNITIVE DAMAGES,
EXCEPT TO THE EXTENT LIABILITY ARISES FROM A PARTY’S INDEMNIFICATION OBLIGATIONS HEREUNDER IN CONNECTION WITH A THIRD PARTY
CLAIM.

 

Section 14.6
Duty to Mitigate. Each Party agrees that it has a duty to mitigate damages and covenants that it will use commercially reasonable
efforts to minimize any damages that it may incur as a result of the other Party’s default or non-performance of this Agreement.

 

Section 14.7
Exclusive Remedy. Notwithstanding anything to the contrary herein, except in the case of actual and intentional fraud or
as set forth in Section 11.2, the indemnification provisions of Article 14 shall be the sole and exclusive remedy
of the Parties for any and all breaches or alleged breaches of any representations, warranties, covenants or agreements of the
Parties, or any other provision of this Agreement or the transactions contemplated hereby.

 

    	 

     

    

 

Section 14.8
Subrogation. In the event of payment by or on behalf of any Indemnifying Party to any Indemnified Party (including pursuant
to this Article 14) in connection with any claim or demand by any Person other than the Parties or their respective
Affiliates, such Indemnifying Party shall be subrogated to and shall stand in the place of such Indemnified Party as to any events
or circumstances in respect of which such Indemnified Party may have any right, defense or claim relating to such claim or demand
against any claimant or plaintiff asserting such claim or demand. Such Indemnifying Party shall cooperate with such Indemnifying
Party in a reasonable manner, and at the cost of such Indemnifying Party, in presenting any subrogated right, defense or claim.

 

Article 15

CHANGE IN LAW

 

Section 15.1
Change in Law. If there occurs one or more Changes in Law during the Term that requires Seller or RMP to incur any capital,
operating, or other costs relating to the Plant, the Parties shall bear such additional capital, operating, and other costs, as
applicable, equally until the aggregate amount of such costs exceed Two Million Five Hundred Thousand Dollars ($2,500,000). If
the aggregate amount of such costs exceed Two Million Five Hundred Thousand Dollars ($2,500,000), either Party shall be entitled
to terminate this Agreement upon notice to the other Party and this Agreement will be of no further force and effect except (a)
as provided in Section 11.3 hereof and (b) with respect to the rights and obligations of the Parties arising prior to the
applicable termination date.

 

Article 16

REPRESENTATIONS AND WARRANTIES

 

Section 16.1
Representations and Warranties of Seller. Seller represents and warrants to Purchaser that:

 

(a)
Seller is a limited liability company organized, validly existing and in good standing under the Laws of the State of Delaware
and has all requisite legal power and authority to execute this Agreement and carry out the terms, conditions and provisions hereof
and its obligations hereunder.

 

(b)
This Agreement constitutes the valid, legal and binding obligation of Seller, enforceable in accordance with its terms except as
the enforceability hereof may be limited by applicable bankruptcy, insolvency, moratorium or other similar Laws affecting creditors’
rights generally and except to the extent that the remedies of specific performance, injunctive relief and other forms of equitable
relief are subject to equitable defenses, the discretion of the court before which any proceeding therefor may be brought and the
principles of equity in general.

 

(c)
There are no actions, suits or proceedings pending or, to Seller’s knowledge, threatened against or affecting Seller before
any court or administrative body or arbitral tribunal that might materially adversely affect the ability of Seller to meet and
carry out its obligations under this Agreement.

 

    	 

     

    

 

(d)
The execution and delivery by Seller of this Agreement has been duly authorized by all requisite limited liability company action,
and will not contravene any provisions of, or constitute a default under, any other agreement or instrument to which it is a party
or by which it or its property may be bound.

 

(e)
All approvals and consents of any Governmental Authority required for Seller to perform its obligations under this Agreement have
been obtained or will be obtained on or before the Substation Completion Date.

 

Section 16.2
Representations and Warranties of Purchaser. Purchaser represents and warrants to Seller that:

 

(a)
Purchaser is a corporation duly organized and validly existing and in good standing under the Laws of the State of Nevada and has
all requisite legal power and authority to execute this Agreement and to carry out the terms, conditions and provisions hereof
and its obligations hereunder and is duly qualified to conduct business in every jurisdiction in which its activities require such
qualification.

 

(b)
This Agreement constitutes a valid, legal and binding obligation of Purchaser, enforceable in accordance with the terms hereof
except as the enforceability hereof may be limited by applicable bankruptcy, insolvency, moratorium or other similar laws affecting
creditors’ rights generally and except to the extent that the remedies of specific performance, injunctive relief and other
forms of equitable relief are subject to equitable defenses, the discretion of the court before which any proceeding therefor may
be brought, and the principles of equity in general.

 

(c)
There are no actions, suits or proceedings pending or, to Purchaser’s knowledge, threatened against or affecting Purchaser
before any court or administrative body or arbitral tribunal that might materially adversely affect the ability of Purchaser to
meet and carry out its obligations under this Agreement.

 

(d)
The execution and delivery by Purchaser of this Agreement has been duly authorized by all requisite board action, and will not
contravene any provisions of, or constitute a default under, any other agreement or instrument to which it is a party or by which
it or its property may be bound.

 

(e)
All approvals and consents of any Governmental Authority required for Purchaser to perform its obligations under this Agreement
have been obtained or will be obtained on or before the Substation Completion Date.

 

Article 17

NOTICES

 

Section 17.1
Notices and Other Communications. Any notice required or authorized to be given hereunder or any other communications between
the Parties provided for under the terms of this Agreement shall be in writing (unless otherwise provided) and shall be served
personally, by “PDF” attached to an email, or by reputable express courier service or certified or registered mail
addressed to the relevant parties at the address stated below or at any other address notified by that Party to the other as its
address for service. Any notice so given personally or by email shall be deemed to have been given, delivered, and received on
delivery or rejection. As proof of such receipt or rejection it shall be sufficient to produce a receipt showing personal service,
the tracking report of a reputable courier company, or the return request provided by the U.S. postal service. All communications,
other than routine correspondence in the ordinary course of business, between Seller and Purchaser pursuant to this Agreement shall
be sent by the same method of communication by the Party sending the communication.

 

    	 

     

    

 

If to Purchaser:

 

Marathon Patent Group, Inc.

1180 North Town Center Drive, Suite 100

Las Vegas, NV 89144

Attn: Merrick Okamoto, Chief Executive Officer

Telephone: 800-804-1690

Email: merrick@marathonpg.com

 

With a copy to:

 

Jolie Kahn, Esq.

12 E. 49th Street, 11th floor

New York, NY 10017

Telephone: 516-217-6379

Email: jolie.kahn@marathonpg.com

 

If to Seller:

 

Big Country Datalec LLC

9 Federal Street

Easton, MD 21601

Attn: Nazar M. Khan; Mr. Jordan Love

Telephone: (212) 343-8353

Email: khan@beowulfenergy.com; jordan@beowulfenergy.com

 

With a copy to:

 

Big Country Datalec LLC

9 Federal Street

Easton, MD 21601

Attn: General Counsel’s Office

Telephone: (212) 343-8353

Email: legal@beowulfenergy.com 

 

With a copy to:

 

Holland & Hart LLP

555 17th Street, Suite 3200

Denver, CO 80202

Attn: Stephanie Edinger

Email: SBEdinger@hollandhart.com

 

    	 

     

    

 

Article 18

MISCELLANEOUS

 

Section 18.1
Assignment. Except as expressly permitted herein, neither Party shall assign this Agreement or any of its rights or obligations
hereunder without the prior written consent of the other Party, such consent not to be unreasonably withheld, conditioned, or delayed.
Notwithstanding the foregoing, Seller may assign this Agreement or any of its rights hereunder without the prior written consent
of Purchaser (a) in favor of any party providing financing or other financial accommodations to or for the benefit of the Plant,
Seller, or Seller’s Affiliates, or (b) to an Affiliate of Seller. Upon Seller’s request from time to time in connection
with any such financing, Purchaser agrees to execute and promptly deliver a consent or other agreements with debt or equity financing
parties reasonably requested by such financing parties, containing customary terms and conditions, and otherwise to cooperate in
a timely manner with the due diligence efforts and other reasonable requests of such financing parties.

 

Section 18.2
Forward Contract. The Parties acknowledge and agree that this Agreement constitutes a “forward contract” within
the meaning of the United States Bankruptcy Code.

 

Section 18.3
Entirety. This Agreement and the Exhibits hereto constitute the entire agreement between the Parties and supersede any prior
or contemporaneous agreements, proposal, solicitation, terms and conditions, or representations of the Parties affecting the same
subject matter.

 

Section 18.4
Choice of Law and Forum. This Agreement shall be governed, construed and interpreted in accordance with the laws of the
State of Montana, without regard to principles of conflicts of law. All disputes arising out of this Agreement will be subject
to the exclusive jurisdiction of the United States District Court in the State of Montana, and each Party hereby expressly consents
to the personal jurisdiction of such court. Each Party hereto further hereby irrevocably and
unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of or relating
to this Agreement in such court, and hereby further irrevocably and unconditionally waives
and agrees not to plead or claim in such court that any such action, suit or proceeding brought in any such court has been
brought in any inconvenient forum.

 

Section 18.5
Waiver of Jury Trial. EACH PARTY KNOWINGLY, VOLUNTARILY, INTENTIONALLY AND IRREVOCABLY WAIVES THE RIGHT TO A TRIAL BY JURY
IN RESPECT OF ANY LITIGATION BASED ON THIS AGREEMENT, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT AND ANY AGREEMENT
EXECUTED OR CONTEMPLATED TO BE EXECUTED IN CONJUNCTION WITH THIS AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS
(WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY HERETO. THIS PROVISION IS A MATERIAL INDUCEMENT TO EACH OF THE PARTIES FOR
ENTERING HEREINTO. EACH PARTY HEREBY WAIVES ANY RIGHT TO CONSOLIDATE ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR IN
CONNECTION WITH THIS AGREEMENT OR ANY OTHER AGREEMENT EXECUTED OR CONTEMPLATED TO BE EXECUTED IN CONJUNCTION WITH THIS AGREEMENT,
OR ANY MATTER ARISING HEREUNDER OR THEREUNDER, WITH ANY PROCEEDING IN WHICH A JURY TRIAL HAS NOT OR CANNOT BE WAIVED.

 

    	 

     

    

 

Section 18.6
Non-Waiver. No consent or waiver, either expressed or implied, by any Party to or of any breach or default by any other
Party in the performance by such other Party of the obligations thereof under this Agreement shall be deemed or construed to be
a consent or waiver to or of any other breach or default in the performance by such other Party of the same or any other obligations
of such other Party under this Agreement. The failure of either Party to this Agreement to enforce or insist upon compliance with
or strict performance of any of the terms or conditions hereof, or to take advantage of any of its rights hereunder, shall not
constitute a waiver or relinquishment of any such terms, conditions or rights, but the same shall be and remain at all times in
full force and effect.

 

Section 18.7
Headings; Attachments. The headings used for the Sections and Articles herein are for convenience and reference purposes
only, and shall in no way affect the meaning or interpretation of the provisions of this Agreement. Any and all Exhibits referred
to in this Agreement are, by such reference, incorporated herein and made a part hereof for all purposes.

 

Section 18.8
Counterparts. This Agreement may be executed in several counterparts, each of which is an original and all of which constitute
one and the same instrument. A “PDF” or electronic signature to this Agreement shall be deemed an original and binding
upon the Party against whom enforcement is sought.

 

Section 18.9
Partial Invalidity. If any provision of this Agreement is found illegal or unenforceable, such provision will be deemed
restated in accordance with Law, to reflect as nearly as possible the original intention of the Parties, and the remainder of the
Agreement will continue unaffected in full force and effect.

 

Section 18.10   
Other. This Agreement (a) shall not be altered or amended except by an instrument in writing executed by authorized officers
of the Parties; (b) does not confer any rights upon any Person other than the Parties and their respective successors and permitted
assigns; and (c) may be performed by the Parties through the use of agents and subcontractors (but such use shall not relieve a
Party of any of its obligations hereunder). The Parties shall execute and deliver all documents and perform all further acts that
may be reasonably necessary to effectuate the provisions of this Agreement. This Agreement was prepared jointly by the Parties,
each Party having had access to advice of its own counsel, and not by either Party to the exclusion of the other Party, and shall
not be construed against one Party or the other as a result of the manner in which this Agreement was prepared, negotiated or executed.

 

Section 18.11   
No Third Party Beneficiaries. Nothing in this Agreement, whether expressed or implied, is intended to confer any rights
or remedies under or by reason of this Agreement on any other person other than the Parties and their respective successors and
assigns, nor is anything in this Agreement intended to relieve or discharge the obligation or liability of any third person to
either Party, nor shall any provision give any third party any right of subrogation or actions over or against either Party. This
Agreement is not intended to and does not create any third party rights.

 

Section 18.12   
Relationship of the Parties. This Agreement shall not be interpreted or construed to (a) create an association, joint venture
or partnership between the Parties or impose any partnership obligation or liability on either Party, (b) create any agency relationship
between the Parties or impose any fiduciary duty of any kind on either Party, (c) create a trust or impose any trust obligations
of any kind on either Party, or (d) constitute a lease of property of any kind. Other than as expressly set forth herein, neither
Party shall have any right, power or authority to enter into any agreement or undertaking for, or act on behalf of, or act as or
be an agent or representative of, or otherwise bind, the other Party.

 

[Signature Pages Follow.]

 

    	 

     

    

 

The Parties have executed
this Agreement as of the Effective Date.

 

SELLER:

 

BIG
COUNTRY DATALEC LLC

 

 

 

 

 

By: 

 

Name: Kerri Langlais

 

Title: Chief Financial Officer

 

    	 

     

    

 

 

 

	 
	 

PURCHASER:

 

 

 

MARATHON PATENT GROUP,
INC.

 

 

 

 

 

 

 

By: 

 

Name: 

 

Title:

 

Signature
Page to Power Purchase Agreement

 

    	 

     

    

 

 

	 
	 

EXHIBIT A

 

Power Distribution Equipment

 

 

 

Separately attached.

 

    	 

     

    

 

EXHIBIT B

 

[Reserved.]

 

    	 

     

    

  

EXHIBIT D

 

Points of Delivery

 

Separately attached.

 

    	 

     

    

 

EXHIBIT E

 

Purchaser Insurance

 

1.       
General Insurance Requirements. Purchaser shall procure on behalf
of itself and shall cause the Purchaser’s Contractor to procure at
its own expense and maintain in
full force and effect at all times on and after
the Mobilization Date (unless otherwise specified below) and
continuing throughout the Term, insurance policies with respect to the Purchaser’s
Facilities and the Purchaser’s Interconnection Facilities (including all other insurance required by
law or regulation) with (i) an A.M. Best
financial strength rating of “A-” or
better and a financial size category
of “X” or higher, or (ii)
a Standard & Poor’s financial
strength rating of “A-” or higher or (iii)
other companies acceptable to Seller and RMP, and, so long as
the Agreement shall not have been terminated
in accordance with its terms, with limits and coverage
provisions sufficient to satisfy the requirements set forth in this Exhibit
E.

 

 

 

(a)
General Liability Insurance. General liability insurance
on an occurrence or claims-made
(or other similar claims-made form) for claims filed in the United
States and occurring anywhere in the world for Purchaser’s
or any Purchaser’s Contractor’s
liability arising out of claims for personal
injury (including bodily injury and death)
and property damage with respect to the
Purchaser’s Facilities and the Purchaser’s Interconnection Facilities. Such insurance
shall provide coverage for products-completed operations, blanket contractual
liability, explosion, collapse and underground coverage, broad form property
damage, personal injury and advertising injury,
with a minimum limit of $1,000,000
per occurrence and $2,000,000 in the annual
aggregate for combined bodily injury and property damage.
The general liability policy shall also include a separation
of insureds clause with no exclusions
or limitations for cross liability. Coverage may
be maintained under combination of project
specific and/or combined policies that insure more than one project or location.
A maximum deductible or self-insured
retention of $50,000 per occurrence shall be allowed.

 

 

 

(b)
Automobile Liability Insurance. Automobile liability insurance
for the liability arising out of claims for bodily injury and property
damage covering all owned (if any), leased, non-owned and hired vehicles of
Purchaser or any Purchaser’s Contractor,
with a minimum combined single limit of $1,000,000 per
accident and containing appropriate no-fault insurance provisions wherever applicable. Coverage
may be maintained under combination
of project specific and/or combined policies that
insure more than one project or insured.
A maximum deductible or self-insured
retention of $50,000 per occurrence shall be allowed.

 

 

 

(c)
Workers’ Compensation and Employer’s Liability. Workers’
compensation insurance in compliance with
statutory requirements and employer’s
liability insurance with a limit of
not less than $1,000,000 per accident, per employee
and per disease including such other forms of insurance that Purchaser or any
Purchaser’s Contractor is required by
law to provide, an all other states endorsement
and USL&H Act and Jones Act coverage
(to the extent such coverages are applicable),
covering loss resulting from bodily injury,
sickness, disability or death of
the employees of Purchaser and Purchaser’s Contractor.
Coverage may be maintained under combination of project
specific and/or combined policies that insure more than one project
or insured. A maximum deductible
or self-insured retention of $50,000 per occurrence
shall be allowed.

 

 

    	 

     

    

 

(d)
Work Performed on Behalf of
Purchaser. Work performed by others
on behalf of Purchaser or the Purchaser’s Contractor with
respect to the Purchaser’s Facilities or the Purchaser’s Interconnection
Facilities shall not commence until a certificate
of insurance has been delivered to Purchaser
verifying that the contractors or subcontractors
have obtained insurance coverages in compliance with applicable contract, including
but not limited to general liability,
automobile liability and workers compensation and employer’s liability
(including in umbrella or excess liability
insurance that may be required) and evidencing
the applicable contract counterparty as additional
insured (with the exception of workers
compensation) and providing a waiver of subrogation
on all of the aforementioned coverages
in their favor (to the extent such provisions
are required under the applicable contract).

 

 

 

(e)
Excess Liability Insurance. Excess liability insurance
on a claims-made basis (or other similar
claims-made form) covering claims in excess of the underlying
insurance described in the foregoing subsections (a),
(b) and (c) (with respect to employer’s
liability), with minimum per occurrence and annual aggregate
limits of $20,000,000, provided that if the aggregate
limits of liability are reduced below an amount that could create a gap
in coverage between excess layers of insurance
with respect to insured claims, Purchaser shall
take immediate steps to reinstate (or cause to be
reinstated) such aggregate limits to amounts
required herein and/or amend such policies to include
a drop down provision, subject to commercial
availability. The amounts of insurance required in the foregoing
subsections (a), (b), (c) and this subsection
(e) may be satisfied by
Purchaser or the Purchaser’s Contractor purchasing coverage in the amounts specified
or by any combination of primary and
excess insurance, so long as the total
amount of insurance meets the requirements
specified above.

 

 

 

(f)   
Environmental Impairment Liability.
Environmental impairment liability coverage
covering Purchaser and the Purchaser’s Contractor for
liability arising out of property damage and bodily injury to third
parties, including the cost of cleanup
in an amount not less than $5,000,000
per occurrence and in the policy aggregate.
Claims-made coverage forms and a deductible
or self-insured retention of not more than $100,000
are acceptable. Coverage may be maintained
under combination of project specific and/or combined policies that insure more than
one project or insured.

 

 

 

(g)
Operational Property Damage Insurance.
Property damage insurance on an “all risk” basis insuring coverage
against damage or loss caused by
earth movement (including, but not limited
to, earthquake, landslide, subsidence
and volcanic eruption), flood, windstorm (named and unnamed), and machinery
and equipment breakdown in an amount
of not less than the amounts listed below. Coverage
may be maintained under combination of project
specific and/or combined policies that insure more than one project.
Losses shall be valued at their repair or
replacement cost, without deduction for
physical depreciation. If loss or damage to insured
property is not repaired or replaced
and the insured amount of the claim reverts
to an actual cash value (ACV) basis, which includes deductions for depreciation and obsolescence,
however Purchaser shall seek at
the first renewal after the Mobilization Date (to
the extent commercially available) to include
terms that limit such deductions for depreciation and obsolescence to an
amount of not greater than 30% of the replacement
cost value of the Purchaser’s Facilities
and the Purchaser’s Interconnection Facilities at the time of loss.

 

    	 

     

    

 

 

(i) Policy
Limits:

	Requirement	Purchaser’s Equipment
	Policy Limit	Replacement Cost of Non-Mining Equipment
	Machinery Breakdown	Included in Policy Limit (no sublimit)
	Earth Movement / Earthquake (aggregate permitted)	50% of Replacement Cost of Non-Mining Equipment
	Flood (aggregate permitted)	50% of Replacement Cost of Non-Mining Equipment
	Named Windstorm (aggregate permitted)	50% of Replacement Cost of Non-Mining Equipment
	 	 

To
the extent that the policies and/or coverages
noted above are combined to insure
more than one project and/or assets unrelated to Purchaser and this Agreement,
coverage shall be maintained in an amount
that is not less than the greater of:
(i) $25,000,000 per occurrence for Purchaser’s
Facilities and the Purchaser’s Interconnection Facilities;
(ii) such other amount required by Seller
and/or RMP; (iii) 150% of an amount that is supported
by an independent probable maximum
loss (“PML”) analysis for earthquake, flood and windstorm perils
and a maximum foreseeable loss (“MFL”)
analysis for fire, explosion and machinery breakdown risks
and that are in a form and substance
acceptable to Seller and RMP. Any such
PML analysis shall provide property damage
and business interruption loss estimates
on the basis of not less than
a 1 in 500-year return period. The
results of any such MFL or PML analysis
shall not serve to reduce coverage requirements
below the minimum amounts set forth above on an
individual project basis unless otherwise approved by Seller and RMP.
To the extent that aggregate limits applying
to earth movement (or earthquake), flood or named
windstorm (if any) are reduced by more
than 25% of the agreed limit, Purchaser shall
take immediate steps to restore
(or cause to be restored) coverage to the
full amount require but in no event more than
30 days from the date of such reduction
in coverage unless otherwise approved by Seller and RMP.

 

 

 

(ii)       
The property damage insurance shall also
provide coverage for (A) the buildings, structures,
machinery, equipment, facilities, supplies, electrical transmission lines within
1,000 feet of the Purchaser’s Facilities
and the Purchaser’s Interconnection Facilities
along with related equipment for which
Purchaser or any Purchaser’s Contractor has
an insurable interest and other properties constituting a part of the Purchaser’s
Facilities or the Purchaser’s Interconnection Facilities, (B) electronic data, equipment and
media, (C) inland transit and off-site storage or repair,
(D) professional fees, (E) expediting expense (F)
increased cost of construction and
loss to undamaged property as the result
of enforcement of building laws
or ordinances and (G) debris removal and such
other usual and customary risks, all of which shall be insured
in amounts are consistent with Good Industry
Practices for similar risks and acceptable to Seller and RMP.

 

 

 

    	 

     

    

 

(iii)     
The property damage policy shall include
(A) a 72-hour clause for a minimum of flood
and earth movement, (B) an unintentional
errors and omissions clause and (C) a
50/50 clause, the extent marine cargo risks
are insured, if applicable.

 

 

 

(iv)      
The property damage policy (or
policies) shall not contain any (A) coinsurance
provision, (B) exclusion for mechanical
or electrical breakdown or limitation
on business interruption coverage arising out of any loss or damage
covered under any guarantee or
warranty arising out of
an insured peril or
(C) exclusion for resultant damage caused
by faulty workmanship, design or
materials more restrictive than LEG-2
clauses.

 

 

 

(v)
The property damage policy shall
have per occurrence deductibles of not greater than $750,000 per
occurrence for all losses, or as otherwise required by Seller and RMP.

 

 

 

(h)
Business Interruption Insurance. When reasonably available and commercially
feasible, business interruption insurance shall be obtained and maintained with a per occurrence limit (and, if applicable, a corresponding
indemnity period) equal to not less than twelve months for 100% of gross revenues minus non-continuing expenses (or gross profit
plus fixed and continuing expenses), arising from loss required to be insured by the Operational
Property Damage Insurance section above.
The maximum deductible waiting period shall not be greater
than 45 days. Extra expense coverage
shall be included in an amount that is consistent
with Good Industry Practices.

 

 

 

(i)   
Contingent Business Interruption Insurance. When reasonably available
and commercially feasible, contingent business interruption
insurance shall be obtained and maintained with respect to
loss or damage to a supplier or
customer premises. Contingent business interruption insurance shall be maintained
on terms and conditions that are consistent with Good Industry Practices and acceptable
to Seller and RMP. The maximum deductible
waiting period shall be no greater than
the amounts listed above for Business Interruption Insurance.

 

 

 

(j)   
General Policy Endorsements.
All policies of property and liability insurance
required to be maintained herein
by Purchaser or the Purchaser’s Contractor
(unless otherwise specified below) shall
be endorsed as follows:

 

 

 

(i)    
each policy shall name (or include
by way of blanket endorsement) RMP and
Seller as additional insured (except workers
compensation);

 

 

 

    	 

     

    

 

(ii)
each liability policy (except workers
compensation) shall include a separation of insureds clause,
with no exclusions or limitations for cross liability, and provide that all provisions
thereof, except the limits of liability
(which shall be applicable to all insureds as a group)
shall apply as if a separate policy had
been issued to each insured;

 

 

 

(iii)     
each liability policy (except worker’s
compensation) shall provide that the insurance shall be primary
and not excess to or contributing with
any insurance or self-insurance maintained
by Seller or RMP;

 

 

 

(iv)      
each policy shall waive subrogation
against the Seller and/or RMP for any
and all loss or damage covered by
any of the insurance policies required
to be maintained herein and Purchaser and all
or any Purchaser’s Contractor hereby waive any
and all rights of subrogation against
Seller and/or RMP;

 

 

 

(v)
each such policy shall provide,
to the extent commercially available, that if any
premium or installment is not paid when due,
or if such insurance is to be cancelled for
any reason whatsoever, the insurers
will promptly notify Purchaser and the Seller, subject to a minimum of 30 days,
except 10 days for non-payment of premium. To
the extent written notice of cancellation from
Purchaser’s (or the Purchaser’s Contractor’)
insurers is not available, Purchaser shall be responsible
for providing the required notice;

 

 

 

(vi)      
any time the insurance required to be
obtained and maintained herein by Purchaser
or the Purchaser’s Contractor is materially changed, Purchaser or the Purchaser’s
Contractor shall provide prompt written notice
to Seller and RMP. For purposes of this section
“materially changed” means any change
that would cause Purchaser or any
Purchaser’s Contractor to be in non-compliance
with the insurance requirements of this Exhibit);
and

 

 

 

(vii)    
all policies covering real or personal
property or business interruption (including marine cargo insurance)
may be required to include coverage for
terrorism upon request by Seller and RMP.

 

 

	 	2.	General Insurance Conditions.

 

 

(a)
Notification of Loss.
Purchaser shall promptly notify the Seller of any single
loss or event likely to give
rise to a claim against an insurer for an amount in excess
of $1,000,000 covered by any insurance
maintained pursuant to this Exhibit E.

 

 

    	 

     

    

 

(b)
Loss Adjustment and Settlement. A loss under
any insurance required to be carried
under the Operational Property Damage
and Business Interruption sections above, shall be adjusted with the insurance
companies, including the filing in a timely manner
of appropriate proceedings, by
Purchaser, subject to the approval
of the Seller if such loss is in excess
of $1,000,000. In addition, Purchaser
may in its reasonable judgment consent
to the settlement of any loss,
provided that in the event that if the
amount of the loss exceeds $1,000,000
the terms of such settlement are concurred with
by Seller and RMP.

 

 

 

(c)
Acceptable Policy Terms and
Conditions. All policies of insurance required
to be maintained pursuant to this Exhibit
E shall be in form and contain terms and conditions reasonably acceptable
to the Seller.

 

 

 

(d)
Claims-Made Coverage. In
the event that any policy is written
on a “claims-made” basis and such
policy is not renewed or the retroactive
date of such policy is changed,
Purchaser or the Purchaser’s Contractor shall
obtain for each such policy or policies
the broadest basic and supplemental extended reporting period or “tail”
coverage available under each such policy (or
policies) and shall provide Seller with
proof that such basic and supplemental extended reporting period or “tail”
coverage has been obtained, subject to a minimum of two (2) years or any
such greater period required by
Seller or RMP.

 

 

 

3.     
Evidence of Insurance.
Prior to the Mobilization Date and on an
annual basis or otherwise in accordance with
each insurance policy anniversary, Purchaser and/or
the Purchaser’s Contractor shall furnish to the Seller,
so long as this Agreement shall
not have been terminated or discharged, with
an approved form of certification of all
required insurance held by or for
the benefit of Purchaser and the Purchaser’s
Contractor and required to be in force
by the provisions of this Exhibit E.
Such certification shall be executed
by an authorized representative
of each insurer (or Purchaser’s insurance
broker) and shall identify insurance
carriers, the type of insurance, the insurance
limits, the insurance deductibles and
the policy term and shall specifically list the special
provisions enumerated for such insurance required by this Exhibit
E. Purchaser or the Purchaser’s Contractor upon the request of Seller
will promptly furnish copies of all
insurance policies, binders and cover notes
or other evidence of such
insurance relating to the insurance required to be
maintained by Purchaser.

 

 

 

4.     
Reports. Concurrently with
the furnishing of the certification referred to in Section
3 of this Exhibit E, Purchaser or
the Purchaser’s Contractor shall furnish the Seller with a report
of an independent insurance broker, signed by
an officer of the broker, stating that
in the opinion of such broker,
the insurance then carried or to be
renewed is in accordance with
the terms of this Exhibit E and attaching evidence
of insurance in a form
that is acceptable to Seller and RMP as
required in Section 3 of
this Exhibit E. In addition,
Purchaser or the Purchaser’s Contractor will
advise the Seller in writing promptly
of any default in the payment
of any premium and of any other
act or omission on the part of Purchaser or the Purchaser’s Contractor which
may invalidate or render unenforceable, in whole
or in part, any insurance being
maintained by Purchaser or the Purchaser’s
Contractor pursuant to this Exhibit E.

 

 

 

5.     
Failure to Maintain
Insurance. In the event
Purchaser or the Purchaser’s Contractor fails to take
out or maintain the full insurance coverage
required by this Exhibit
E, the Seller, upon thirty (30) days’
prior notice (unless the aforementioned insurance
would lapse within such period, in which event notice should be given
as soon as reasonably possible) to Purchaser or
the Purchaser’s Contractor of any such failure,
may (but shall not be obligated to) take
out the required policies of insurance and
pay the premiums on the same. All
amounts so advanced thereof by Seller or
RMP shall become an additional
obligation of Purchaser to the party so advancing the funds,
and Purchaser shall forthwith pay such
amounts to the party that advanced the funds,
together with interest thereon from the date so advanced.

 

 

    	 

     

    

 

 

 

6.     
No Duty to
Verify or Review. No provision
of this Exhibit E or any provision
of this Agreement shall impose on Seller
any duty or obligation to verify the existence
or adequacy of the insurance coverage maintained
by Purchaser or the Purchaser’s Contractor,
nor shall Seller be responsible for any
representations or warranties made by
or on behalf of Purchaser or the Purchaser’s
Contractor to any insurance company or underwriter. Any
failure on the part of Seller to pursue
or obtain evidence of insurance
required by this Exhibit E
and/or failure of Seller to point out any non-compliance of such
evidence of insurance to Purchaser or the Purchaser’s Contractor shall
not constitute a waiver of any
of the insurance requirements in this Exhibit
E.

 

 

 

7.     
Other Insurance. Seller and/or RMP may
at any time with
reasonable notice amend the requirements
and approved insurance companies of this Exhibit E: (i) due to new information
not known by Seller or RMP on the Mobilization
Date or (ii) due to changed
circumstances after the Mobilization Date which in the reasonable
judgment of Seller, either renders such coverage materially inadequate
or materially reduces the financial ability
of the approved insurance companies to pay claims,
and (iii) to include such other or additional insurance
(as to risks covered, policy amounts, policy provisions or otherwise)
as, under Good Industry Practices, are from time to time insured
against for property and facilities similar in nature,
use and location to the Purchaser’s Facilities
or the Purchaser’s Interconnection Facilities, which Seller and/or RMP may
reasonably require.

 

 

    	 

     

    

 

Execution
Copy

 

Mining
Infrastructure & Equipment Sales Agreement

 

This
Mining Infrastructure & Equipment Sales Agreement (the “Agreement”) dated October 3, 2020 between:

 

Colorado
Energy Management, LLC of 2575 Park Lane, Lafayette, CO 80026; email: legal@beowulfenergy.com

 

(the
“Seller”)

 

and

 

Marathon
Patent Group, Inc. of 1180 North Town Center Drive, Las Vegas, NV 89144; email: merrick@marathonpg.com

 

(the
“Buyer”)

 

In
consideration of the covenants and provisions contained in this Sales Agreement the parties to this Agreement agree as follows:

 

1.
Sale of Mining Infrastructure & Equipment

 

The
Seller will sell and deliver to Buyer Mining Infrastructure & Equipment located at 643 Industrial Park Road, Hardin, MT (“Hardin
Location”) as delineated in Schedule I of this Agreement (the “Mining Infrastructure & Equipment”).

 

2.
Delivery and Purchase Price

 

The
Buyer will accept delivery of the Mining Infrastructure & Equipment at Hardin Location and pay the sum of seven hundred fifty
thousand dollars ($750,000) (the “Purchase Price”), payable as required in the Section 3 of this Agreement.
The Seller and the Buyer both acknowledge the sufficiency of the Purchase Price as consideration for the Mining Infrastructure
& Equipment.

 

3.
Payment

 

The
Buyer will make full payment of the Purchase Price upon execution of this Agreement via wire transfer of immediately available
funds to Seller’s bank account as follows:

 

    	1

    	 

    

 

4.
Warranties

 

THE
MINING INFRASTRUCTURE & EQUIPMENT ARE SOLD ‘AS IS’ AND SELLER EXPRESSLY DISCLAIMS ANY REPRESENTATIONS OR WARRANTIES
OF ANY KIND OR NATURE, EXPRESS OR IMPLIED, AS TO THE CONDITION, VALUE OR QUALITY OF THE MINING INFRASTRUCTURE & EQUIPMENT
AND SELLER SPECIFICALLY DISCLAIMS ANY REPRESENTATION OR WARRANTY OF MERCHANTABILITY, USAGE, SUITABILITY OR FITNESS FOR ANY PARTICULAR
PURPOSE WITH RESPECT TO SUCH MINING INFRASTRUCTURE & EQUIPMENT, OR ANY PART THEREOF, OR AS TO THE WORKMANSHIP THEREOF, OR
THE ABSENCE OF ANY DEFECTS THEREIN, WHETHER LATENT OR PATENT, OR ANY MATTER OR CIRCUMSTANCES RELATING TO ENVIRONMENTAL LAWS OR
THE ENVIRONMENTAL CONDITION OF THE MINING INFRASTRUCTURE & EQUIPMENT. EXCEPT AS EXPRESSLY PROVIDED HEREIN, NO SCHEDULE OR
ATTACHMENT TO THIS AGREEMENT, NOR ANY OTHER DOCUMENT OR INFORMATION PROVIDED BY OR COMMUNICATIONS MADE BY SELLER WILL CAUSE OR
CREATE ANY WARRANTY, EXPRESS OR IMPLIED, AS TO THE CONDITION, VALUE OR QUALITY OF SUCH MINING INFRASTRUCTURE & EQUIPMENT.
NOTWITHSTANDING THE FOREGOING, THE SELLER REPRESENTS AND WARRANTS THAT THE MINING INFRASTRUCTURE & EQUIPMENT ARE CONVEYED
FREE AND CLEAR OF ALL LIENS AND ENCUMBRANCES, EXCEPT FOR THE PURCHASE MONEY SECURITY INTEREST DESCRIBED IN PARAGRAPH 6 BELOW.
The Seller does not assume or authorize any other person to assume on behalf of the Seller, any liability in connection with the
sale of the Mining Infrastructure & Equipment.

 

The
Buyer has been given the opportunity to inspect the Mining Infrastructure & Equipment and the Buyer has accepted the Mining
Infrastructure & Equipment in their existing condition. Further, the Seller disclaims any warranty as to the condition of
the Mining Infrastructure & Equipment.

 

5.
Title

 

Title
to and risk of loss for the Mining Infrastructure & Equipment shall pass from Seller to Buyer upon Seller’s receipt
of the Purchase Price in Seller’s bank account.

 

6.
Security Interest

 

The
Seller retains a security interest in the Mining Infrastructure & Equipment until paid in full.

 

7.
Cancellation

 

The
Seller reserves the right to cancel this Agreement if the Buyer fails to pay for the Mining Infrastructure & Equipment when
due.

 

8.
Indemnity

 

Buyer
acknowledges and agrees to be legally bound hereby and to indemnify, save harmless and defend Seller, Seller’s affiliates
and subsidiaries, Seller’s agents, directors, officers, and employees, and representatives from all claims, losses, liabilities,
damages, fines, demands, actions and expenses including, but not limited to, all attorney fees arising out of bodily injury, death,
release of pollutants or contaminants, or damage to Seller’s property or the Hardin Location occurring in connection with
any act or omission (negligent or otherwise) of Buyer or its Representatives based on, or arising from or incurred as a result
of (i) a breach of this Agreement and/or (ii) Buyer’s presence at the Hardin Location, except to the extent Seller is contributorily
negligent.

 

    	2

    	 

    

 

9.
Limitation of Liability

 

In
no event, regardless of the form of the claim or cause of action (whether based in contract, infringement, negligence, strict
liability, other tort or otherwise), shall Buyer’s liability to the Seller exceed the Purchase Price giving rise to the
claim or cause of action, except in the case of Buyer’s fraud, willful misconduct or gross negligence. In no event, regardless
of the form of the claim or cause of action (whether based in contract, infringement, negligence, strict liability, other tort
or otherwise), shall Seller’s liability to Buyer exceed the amount of Seller’s applicable insurance coverage. Neither
Buyer nor Seller shall be liable to one another for special or consequential damages including, but not limited to, loss of profit
or revenue, loss of use of the Mining Infrastructure & Equipment or any associated equipment, facilities or services, downtime
cost, costs of environmental restorations, except in the case of Buyer’s or Seller’s fraud or willful misconduct.

 

10.
Relationship of the Parties

 

Buyer’s
relationship with Seller will be that of an independent contractor and nothing in this Agreement should be construed to create
a partnership, joint venture, or employer-employee relationship. Buyer is not an agent of Seller and is not authorized to make
any representation, contract, or commitment on behalf of Seller. Buyer will not be entitled to any of the benefits that Seller
may make available to its employees, such as group insurance, profit-sharing or retirement benefits. Buyer will be solely responsible
for all tax returns and payments required to be filed with or made to any federal, state or local tax authority with respect to
Buyer’s performance of the Work and receipt of payments under this Agreement. Because Buyer is an independent contractor,
Seller will not withhold or make payments for social security, make unemployment insurance or disability insurance contributions
or obtain worker’s compensation insurance on Buyer’s behalf. Buyer agrees to accept exclusive liability for complying
with all applicable state and federal laws governing independent contractors, including obligations such as payment of taxes,
social security, disability and other contributions based on fees paid to Buyer or Buyer’s agents or employees under this
Agreement. Buyer hereby agrees to indemnify and defend Seller against any and all such taxes or contributions, including penalties
and interest.

 

11.
Notices

 

Any
notice or other communication required or permitted hereunder shall be in writing and shall be delivered personally or by reputable
overnight courier, sent by electronic mail or sent by certified, registered or express mail, postage prepaid and return receipt
requested. Any such notice shall be deemed given (i) when delivered, if delivered personally or by overnight courier, (ii) when
transmitted, if sent by electronic mail (if evidenced by an email delivery receipt) or (iii) if mailed, five (5) days after the
date of deposit in the United States mail.

 

    	3

    	 

    

 

12.
General Provisions

 

Headings
are inserted for convenience only and are not to be considered when interpreting this Agreement. Words in the singular mean and
include plural and vice versa. Words in the masculine include the feminine and vice versa.

 

The
Buyer may not assign its right or delegate its performance under this Agreement without prior written consent of the Seller, which
consent may be withheld by Seller in its sole and absolute discretion. Any assignment or delegation in violation of this clause
shall be null and void.

 

This
Agreement cannot be modified in any way except in writing signed by all the parties to this Agreement.

 

The
terms of this Agreement shall be governed by and construed in accordance with the laws of the State of New York, without reference
to the conflict of laws provision thereof which would give rise to the application of the domestic substantive law of any other
jurisdiction. Each of Buyer and Seller hereby irrevocably and unconditionally consents to the exclusive jurisdiction of the federal
and state courts sitting in New York, New York for any action, suit or proceeding arising out of or related hereto. Each of Buyer
and Seller further hereby irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding
arising out of or relating to this Agreement in such courts, and hereby further irrevocably and unconditionally waives and agrees
not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in
any inconvenient forum. Each of Buyer and Seller hereby knowingly, voluntarily and intentionally waives any right (to the fullest
extent permitted by applicable law) to a trial by jury of any dispute arising out of, under or relating to, this Agreement and
agrees that any such dispute shall before a judge sitting without a jury.

 

This
Agreement will inure to the benefit of and be binding upon the Seller and Buyer and their respective successors and assigns.

 

This
Agreement constitutes the entire agreement between the parties and there are no further items or provision, either oral or otherwise.
The Buyer acknowledges that it has not relied on any representations of the Seller or any other party as to the condition of the
Mining Infrastructure & Equipment but has relied upon its own inspection and investigation of the subject matter.

 

This
Agreement may be executed in counterparts, each of which when so executed shall be deemed to be an original all of which taken
together shall constitute one and the same instrument. A signed copy of this Agreement delivered by email, PDF or other means
of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

 

[signature
page follows]

 

    	4

    	 

    

 

The
parties have executed this Agreement as of the day and year first above written as follows:

 

	SELLER:	 
	 	 
	Colorado Energy Management, LLC	 
	 	 
	By:	 	 
	Name:	Kenneth Deane	 
	Title:	Chief Financial Officer	 
	 	 	 
	BUYER:	 
	 	 
	Marathon Patent Group, Inc.	 
	 	 
	By:	 	 
	Name:	Kenneth Deane	 
	Title:	Chief Financial Officer	 

 

    	5

    	 

    

 

Execution
Copy

 

GROUND
LEASE

 

This
Ground Lease (this “Lease”), dated as of October 3, 2020 (the “Effective Date”), is entered
into between Rocky Mountain Power, LLC, known in Montana as Rocky Mountain Power – Hardin, LLC, a Delaware limited liability
company (“Landlord”), and Marathon Patent Group, Inc., a Nevada corporation (“Tenant”).

 

RECITALS

 

WHEREAS,
Landlord owns and operates a coal-fired power station, located in Big Horn, Montana, known as the Hardin Generating Station, with
a net capacity of approximately 105 MW (the “Plant”); and

 

WHEREAS,
Big Country Datalec LLC, a Delaware limited liability company (“Seller”), has entered into, or will enter into,
an arrangement with Landlord whereby Landlord grants Seller the exclusive right to market and sell electrical energy generated
by the Plant (the “Exclusive Marketing Arrangement”); and

 

WHEREAS,
Seller and Tenant entered into a Power Purchase Agreement dated as of the Effective Date (the “PPA”); and

 

WHEREAS,
Tenant intends to locate, construct, own, and operate the Purchaser’s Facilities and the Purchaser’s Interconnection
Facilities upon that portion of the Plant and in the location and dimensions described and depicted on the attached Exhibit
A (the “Premises”); and 

 

WHEREAS,
Landlord wishes to lease the Premises to Tenant to facilitate the Exclusive Marketing Arrangement and the PPA and to provide to
Tenant a location upon which to locate and operate the Purchaser’s Facilities and the Purchaser’s Interconnection
Facilities (collectively, the “Permitted Use”) on the terms and conditions contained in this Lease; and

 

WHEREAS,
the Tenant wishes to lease the Premises from the Landlord for the Permitted Use and to enable Tenant to purchase electrical power
under the PPA on the terms and conditions contained in this Lease.

 

AGREEMENTS

 

NOW
THEREFORE, for and in consideration of the mutual covenants contained herein, and other good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, the Landlord and the Tenant agree as follows:

 

1.
DEFINED TERMS

 

Initially
capitalized words or terms used in this Lease, but not defined in this Lease, will have the meanings given them in the PPA.

 

    	 

    	 

    

 

2.
DEMISE

 

Landlord
leases the Premises to Tenant and Tenant leases the Premises from Landlord.

 

3.
TERM

 

The
term of this Lease shall begin on the Effective Date and end on the date the PPA terminates (the “Term”); provided,
that if the PPA is terminated by Tenant due to the occurrence of the Event of Default in Section 11.1(f) of the PPA, Tenant may,
by written notice to Landlord delivered prior to the date the PPA terminates, elect to extend the Term for a specified period
of time that expires no later than the date that is twenty (20) years after the Effective Date. 

 

4.
RENT; REIMBURSEABLE COSTS AND EXPENSES

 

In
lieu of payments of cash rent, Tenant has entered into the PPA and will perform its obligations as “Purchaser” under
the PPA in accordance with the terms and conditions of the PPA. Tenant shall reimburse Landlord for any and all costs and expenses
attributable to, or otherwise for the account of, Tenant that are incurred and paid by Landlord. Landlord shall invoice Tenant
for any such costs and expenses and Tenant shall pay Landlord the invoiced amount by wire transfer of immediately available funds
within ten (10) Business Days after receipt of such invoice.

 

5.
TAXES AND ASSESSMENTS

 

Tenant
will pay the taxes and assessments measured by, or reasonably attributable to, the cost or value of Tenant’s equipment,
furniture, fixtures, and other personal property located on the Premises, or by the cost or value of any leasehold improvements
made in or to the Premises by or for Tenant assessed, levied, confirmed, or imposed with respect to any period during the Term.
Landlord will pay all taxes and assessments upon, measured by or attributable to the Premises.

 

6.
UTILITIES / SERVICES

 

Tenant
will pay directly for all charges for electricity, natural gas, water, and sewer service, telephone or other communication service,
cable television service, ground maintenance service and any other services or utilities used by Tenant on the Premises during
the term of this Lease. Landlord shall not be liable for the failure of any such services, unless caused by the negligence or
willful misconduct of Landlord. Tenant shall pay for all charges associated with the installation and monthly use charges, connection
charges, and monitoring charges for Tenant’s systems and services, if any.

 

7.
ACCESS

 

Tenant,
its clients, customers, suppliers, and employees shall have access to all common driveway areas for ingress and egress, and shall
be entitled to the exclusive use of the Premises, subject to rights, reservations, easements, and agreements of record, and Tenant
shall comply with all of Landlord’s site safety and security procedures with respect to the access to and use of the Premises.

 

    	2

    	 

    

 

8.
CONDITION OF PREMISES

 

Tenant
accepts the Premises in its present condition. Tenant shall have no right to assert any remedy based on a claim that Landlord
has failed to deliver possession of the Premises in acceptable condition.

 

9.
REPAIRS AND MAINTENANCE / SURRENDER 

 

	9.1	Tenant’s
    Duties.  Tenant shall at all times keep the Premises neat, clean, and in a safe and sanitary condition, and
    provide trash pickup and snow removal services at its own expense.
	 	 
	9.2	Surrender.  Tenant
    shall quit and surrender the Premises at the expiration of this Lease without notice, and leave the Premises in a neat and
    clean condition.

 

10.
LIABLITY INSURANCE

 

	10.1	Tenant’s
    Duties.  Tenant shall, at Tenant’s expense, maintain general liability insurance covering the Premises
    with an insurance company rated “A+” by Best’s Insurance Guide.  The minimum limits of said insurance
    shall be One Million Dollars ($1,000,000.00) per accident or occurrence for bodily injury or death, and One Million Dollars
    ($1,000,000.00) per accident for property damage.  In addition, Tenant shall, at Tenant’s expense, maintain
    excess liability insurance covering claims in excess of the underlying insurance described in the foregoing sentence, with
    minimum per occurrence and annual aggregate limits of Twenty Million Dollars ($20,000,000), provided that if the aggregate
    limits of liability are reduced below an amount that could create a gap in coverage between excess layers of insurance with
    respect to insured claims, Tenant shall take immediate steps to reinstate (or cause to be reinstated) such aggregate limits
    to amounts required herein and/or amend such policies to include a drop down provision, subject to commercial availability.  Tenant
    will add Landlord as an additional insured under each insurance policy Tenant is required to maintain pursuant to this Section
    10.1 (“Required Liability Insurance”).
	 	 
	10.2	Documentation.  Tenant
    shall deliver to Landlord a certificate for all Required Liability Insurance showing it to be in effect and providing that
    it will not be canceled without at least thirty days prior written notification to Landlord.

 

11.
PROPERTY AND CASUALTY INSURANCE

 

Tenant
shall, at Tenant’s expense, maintain on all Tenant’s personal property and Tenant’s leasehold improvements on
the Premises a policy of standard fire insurance, with extended coverage, in the amount of their replacement value. All proceeds
of such insurance shall be applied to the restoration of Tenant’s personal property and leasehold improvements. Any proceeds
of such insurance remaining after such restoration shall belong to Tenant.

 

    	3

    	 

    

 

12.
WAIVER OF SUBROGATION

 

	12.1	Waiver.  If
    either Landlord or Tenant experience any injury, loss or damage to themselves or their respective real or personal property,
    and if that injury, loss or damage is insured against under any or all of their respective insurance policies, including any
    extended coverage endorsements thereto, then the appropriate insurance company(ies), and not Landlord or Tenant, shall be
    solely liable to compensate the party(ies), who experienced the injury loss or damage, regardless of whether Landlord or Tenant
    was responsible for such injury, loss or damage.  Landlord and Tenant hereby waive any rights each may have against
    the other as a result of any injury, loss or damage that is then insured against by either.  This waiver is effective
    only to the extent that (i) the insurance company(ies) actually pay(s) for such injury, loss or damage, and (ii) the provisions
    of this paragraph do not invalidate any insurance coverage carried by Landlord or Tenant.
	 	 
	12.2	Documentation.  Landlord
    and Tenant shall either cause their respective insurance companies to waive any right of subrogation against the other party
    hereto, and provide proof to the other party within thirty days after the execution of this Lease that such waivers have been
    successfully obtained from their respective insurance companies, or shall notify each other that such waivers could not or
    cannot be reasonably obtained, because of the failure of their respective insurance companies to provide the same.

 

13.
MUTUAL INDEMNITIES

 

	13.1	Tenant’s
    Indemnities.  Neither Landlord, its Affiliates, or any of its or their respective Representatives (collectively,
    the “Landlord Group”) shall be liable for any injury to or death of any person, or damage to property,
    sustained or alleged to have been sustained by any member of Tenant Group as a result of any condition (including future conditions)
    in the Premises, or by any other reason, unless caused by the gross negligence or willful misconduct of Landlord Group. Tenant
    agrees to indemnify, defend and hold Landlord Group harmless from any and all damages arising from claims released by Tenant
    pursuant to this Section 13.1.
	 	 
	13.2	Landlord’s
    Indemnity.  Neither Tenant, its Affiliates, or any of its or their respective Representatives (collectively,
    the “Tenant Group”) shall be liable for any injury to or death of any person, or damage to property, sustained
    or alleged to have been sustained by any member of Landlord Group as a result of any condition (including future conditions)
    in the Premises, or by any other reason, unless caused by the gross negligence or willful misconduct of Tenant Group.  Landlord
    agrees to indemnify, defend, and hold Tenant Group harmless from any and all damages arising from claims released by Landlord
    in this Section 13.2.

 

14.
TENANT’S USE

 

The
Tenant shall use the Premises for the Permitted Use and shall not use the Premises for any uses or purposes other than the Permitted
Use unless approved in advance by Landlord in writing. Tenant shall not use Premises for illegal purposes. Tenant shall not cause,
maintain or permit any outside storage, or commit or suffer any waste, or do any act that constitutes a nuisance or disturbs the
quiet enjoyment of others, or commit acts that will increase the rate of insurance on the Premises.

 

    	4

    	 

    

 

15.
HAZARDOUS SUBSTANCES

 

	15.1	Hazardous
    Substances.  Tenant shall not place, or permit to be placed, any Hazardous Substance upon or under the Premises.
	 	 
	15.2	Landlord
    Indemnification.  Landlord shall indemnify and hold Tenant harmless from and against all costs of any remedial
    action or cleanup, suffered or incurred by Tenant arising out of or related to the presence of any Hazardous Substances on
    the Premises that were present prior to the Effective Date.
	 	 
	15.3	Tenant’s
    Indemnities.  Tenant shall indemnify and hold Landlord harmless from and against all costs of any remedial action
    or cleanup, suffered or incurred by Landlord and arising out of Tenant’s breach of Section 15.1 of this Lease.
	 	 
	15.4	Definitions.  For
    purposes of this Section 15:
	 	 
	15.4.1	Environmental
    Regulation.  “Environmental Regulation” means a Law relating to the environment and/or to
    human health or safety.
	 	 
	15.4.2	Hazardous
    Substance.  “Hazardous Substance” means any substance or material defined in or governed
    or regulated by any Environmental Regulation as a dangerous, toxic or hazardous pollutant, contaminant, chemical, waste, material
    or substance, and also expressly includes urea-formaldehyde, polychlorinated biphenyls, dioxin, radon, lead-based paint, asbestos,
    asbestos containing materials, nuclear fuel or waste, radioactive materials, explosives, carcinogens and petroleum products,
    including but not limited to crude oil or any fraction thereof, natural gas, natural gas liquids, gasoline and synthetic gas,
    and any other waste, material, substance, pollutant or contaminant the presence of which on, in, about or under the Premises
    would subject the owner or operator thereof to any damages, penalties, fines or liabilities under any applicable Environmental
    Regulation.

 

16.
LIENS AND INSOLVENCY

 

Tenant
shall keep the Premises free from any liens arising out of any work performed, materials furnished or obligations incurred by
Tenant. If a petition for relief is filed by or against Tenant under Federal bankruptcy laws, or if a receiver, assignee or other
liquidating officer is appointed for the business of Tenant, then Landlord may terminate this Lease.

 

    	5

    	 

    

 

17.
ASSIGNMENT AND SUBLEASE

 

	17.1
    	Tenant
    Assignment.  Tenant shall not directly or indirectly, voluntarily or by operation of law, sell, assign, encumber,
    pledge or otherwise transfer or hypothecate all or any portion of its interest in or rights with respect to the Premises or
    Tenant’s leasehold estate under this Lease (collectively “Assignment”) or permit all or any of the
    Premises to be occupied by anyone other than Tenant or sublet all or any portion of the Premises, or transfer a portion of
    its interest in or rights with respect to Tenant’s leasehold estate under this Lease (collectively “Sublease”)
    without Landlord’s prior written consent in each instance, which consent may be withheld in Landlord’s sole discretion.  In
    connection with any Assignment or Sublease to which Landlord has given consent, Tenant agrees to pay Landlord’s reasonable
    expenses in reviewing said request, any information accompanying said request, investigating the same and in reviewing and
    preparing any documentation regarding the same, which costs and expense shall include, but are not limited to attorney’s
    fees, accounting fees, appraiser’s fees, etc.
	 	 
	17.2	Effect
    of Landlord Consent.  No consent by Landlord to any Assignment or Sublease shall relieve Tenant of any obligation
    to be performed by Tenant under this Lease, whether arising before or after the Assignment or Sublease.  The consent
    by Landlord to any Assignment or Sublease shall not relieve Tenant from the obligation to obtain Landlord’s written
    consent to any Assignment or Sublease.  Any Assignment or Sublease that is not in compliance with this Section 17
    shall be void and, at the option of Landlord, shall constitute a material default by Tenant under this Lease.
	 	 
	17.3
    	Successor
    Liability; Tenant Liability.  Each assignee, sublessee, or other transferee, other than Landlord, shall assume
    all obligations of Tenant under this Lease, and shall be and remain liable jointly and severely with Tenant for the performance
    of all the terms, covenants, conditions, and agreements herein contained on Tenant’s part to be performed for the Term.  No
    Assignment or Sublease shall be binding on Landlord unless the assignee or subtenant shall deliver to Landlord a counterpart
    of the Assignment or Sublease and the instrument in recordable form that contains a covenant or assumption by the assignee
    or subtenant satisfactory in substance and form to Landlord, consistent with the requirements set forth in this Lease, but
    the failure or refusal of the assignee to execute such instrument of assumption shall not release or discharge the assignee
    or subtenant from its liability as set forth in this Lease.
	 	 
	17.4	Landlord
    Assignment.  Landlord’s interest in this Lease shall be freely assignable without the consent of Tenant.

 

18.
INSPECTION AND ACCESS

 

Tenant
shall allow the Landlord or Landlord’s agent access to the Premises at all reasonable times for the purpose of inspection
of the Premises. Landlord shall have the right to show the Premises to prospective tenants or purchasers upon reasonable advance
notice to Tenant. Landlord’s exercise of its rights or access herein provided shall not unreasonably interfere with Tenant’s
business upon the Premises.

 

    	6

    	 

    

 

19.
CONDEMNATION

 

	19.1	Total
    Condemnation.  If all of the Premises is taken by any public or private entity under the power of eminent domain,
    or if the Premises are deprived of access as a result of a total or partial taking of the Property, this Lease shall terminate
    as of the date possession is taken by the condemner pursuant to condemnation authority.
	 	 
	19.2	Partial
    Condemnation.  If over twenty-five percent of the Premises is taken by any public or private entity under the
    power of eminent domain and Tenant determines in good faith that it is not economically feasible to continue this Lease in
    effect, Tenant may terminate this Lease.  Termination of this Lease by Tenant shall be made by notice to the Landlord
    given no later than ten days after possession is taken by the condemner.  Termination of this Lease in accordance
    with this Section 19.2 shall be effective as of the date thirty days after notice of termination is delivered.  Notwithstanding
    the foregoing, Tenant’s duty to pay rent and other charges to Landlord shall terminate on the date the condemner takes
    possession of the Premises.
	 	 
	19.3	No
    Apportionment of Damages.  Damages awarded for the taking or damaging of all or any part of the Premises shall
    belong to and be the property of Landlord.  Nothing herein contained shall be construed as precluding Tenant from
    asserting any claim Tenant may have against the condemner for disruption or relocation of Tenant’s business on the Premises
    or the taking of any property belonging to Tenant.

 

20.
WAIVER

 

No
word, act or omission of Landlord shall be deemed to be a waiver of any default or noncompliance by Tenant under the terms of
this Lease or of any right of Landlord under this Lease or of any notice given by Landlord under this Lease unless Landlord so
advises Tenant in writing. No waiver by Landlord of any default or noncompliance under this Lease by Tenant shall be construed
to be or act as a waiver of any subsequent default or noncompliance by Tenant.

 

21.
NOTICES AND OTHER COMMUNICATIONS

 

Any
notice required or authorized to be given hereunder or any other communications between the Landlord and the Tenant provided for
under the terms of this Lease shall be in writing and shall be served personally, by “PDF” attached to an email, or
by reputable express courier service or certified or registered mail addressed to the relevant parties at the address stated below
or at any other address notified by that Party to the other as its address for service. Any notice so given personally or by email
shall be deemed to have been given, delivered, and received on delivery or rejection. As proof of such receipt or rejection it
shall be sufficient to produce a receipt showing personal service, the tracking report of a reputable courier company, or the
return request provided by the U.S. postal service. All communications, other than routine correspondence in the ordinary course
of business, between Landlord and Tenant pursuant to this Lease shall be sent by the same method of communication by the party
sending the communication.

 

	Landlord:	Rocky
    Mountain Power, LLC
	 	9
    Federal Street 
	 	Easton,
    MD 21601
	 	Attn:
    Nazar M. Khan; Mr. Jordan Love
	 	Telephone:
    (212) 343-8353
	 	Email: khan@beowulfenergy.com;

                                                         jordan@beowulfenergy.com

 

    	7

    	 

    

 

With
a copy to:

 

Rocky
Mountain Power, LLC

9
Federal Street

Easton,
MD 21601

Attn:
General Counsel’s Office

Telephone:
(212) 343-8353

Email:
legal@beowulfenergy.com 

 

With
a copy to:

 

Holland
& Hart LLP

555
17th Street, Suite 3200

Denver,
CO 80202

Attn:
Stephanie Edinger

Email:
SBEdinger@hollandhart.com 

 

	Tenant:	Marathon
Patent Group, Inc.

1180
North Town Center Drive, Suite 100

Las
Vegas, NV 89144

Attn:
Merrick Okamoto, Chief Executive Officer

Telephone:
800-804-1690

Email:
merrick@marathonpg.com

 

With
a copy to:

 

Jolie
Kahn, Esq.

12
E. 49th Street, 11th floor

New
York, NY 10017

Telephone:
516-217-6379

Email:
jolie.kahn@marathonpg.com

 

22.
ALTERNATIONS AND IMPROVEMENTS

 

	22.1	Tenant
    may undertake the construction and site work described and depicted on Exhibit B to this Lease (the “Construction
    and Site Work”) without Landlord’s prior written consent, but subject to the terms and conditions of this
    Section 22.  Except
    for the Construction and Site Work, Tenant shall not undertake any construction, alterations, additions or improvements to
    the Premises without the prior written consent of Landlord, which shall not be unreasonably withheld or delayed.    All
    construction, alterations, additions and improvements shall be made at the sole cost and expense of Tenant.  If
    Tenant shall perform, or cause to be performed, the Construction and Site Work or any other work with the consent of Landlord,
    as foresaid, Tenant shall comply with all applicable laws, ordinances, rules and regulations of any authorized public authority
    and the requirements of the development then in existence.  Tenant further agrees to save and hold Landlord harmless
    from any damage, loss or expense arising out of such work (including, but not limited to, the Construction and Site Work).  Tenant
    shall give Landlord at least sixty days notice in writing of Tenant’s intent to begin such construction, alteration
    or improvement, providing Landlord with a set of construction plans setting forth the nature and extent of the work, including
    a listing of all subcontractors and suppliers that Tenant proposes to use for the work.

 

    	8

    	 

    

 

	22.2	The
    Purchaser’s Interconnection Facilities shall remain the property of Tenant upon expiration or sooner termination of
    this Lease.  Subject to the immediately succeeding sentence, Tenant may remove the Purchaser’s Interconnection
    Facilities from the Premises.  The Purchaser’s Interconnection Facilities shall become the property of Landlord,
    without compensation to Tenant, and shall remain on the Premises unless Landlord requires Tenant to remove the same as determined
    solely by Landlord, if Tenant fails to remove the Purchaser’s Interconnection Facilities on or before the date that
    is twenty (20) days following the expiration or termination of this Lease.
	 	 
	22.3	Any
    computer equipment and other data processing equipment and personal property comprising any part of the Purchaser’s
    Facilities that may be removed from the Premises or any structure or building placed on the Premises without damaging the
    Premises or any structure or building placed on the Premises (collectively, “Movable Equipment”) may be
    removed by Tenant upon the expiration or sooner termination of this Lease.  Any Movable Equipment that remains on
    the Premises on the date that is twenty (20) days following the expiration or sooner termination of this Lease and any of
    the other Purchaser’s Facilities (collectively, the “Remaining Facilities”) shall become the property
    of Landlord, without compensation to Tenant, and shall remain on the Premises unless Landlord requires Tenant to remove the
    same as determined solely by Landlord.

 

23.
SIGNAGE

 

Tenant
may install, at Tenant’s sole expense, a sign with Tenant’s name and/or corporate logo, if desired, on the Premises,
upon receipt of prior approval from Landlord as to size, design and construction. Signage and address signage shall comply with
all state, county, city, and local laws, regulations, ordinances and restrictions. 

 

24.
POSTAL DELIVERY SERVICE

 

Tenant
shall be responsible for contacting the US Postal Service to make arrangements for mail delivery services, at Tenant’s expense,
if Tenant desires mail delivery service to the Premises.

 

    	9

    	 

    

 

25.
DEFAULT/LATE CHARGES/REENTRY

 

	25.1
    	Events
    of Default.  The failure by Tenant to perform or comply with any term, condition or covenant of this Lease within
    thirty days (except with respect to any payment default hereunder for which the cure period shall be five days) following
    written notice from Landlord to Tenant specifying the nature of Tenant’s failure to perform or comply or any default
    of Tenant under the PPA shall be events of default under this Lease; further, Tenant shall be in default if Tenant, or an
    agent of Tenant, shall become bankrupt or insolvent, or file any debtor proceeding or take or have taken against Tenant a
    petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee of all or a portion
    of Tenant’s property, or if Tenant makes an assignment for the benefit of creditors, or petitions for or enters into
    agreement, or abandons the Premises, or suffers this Lease to be taken under execution; provided further, however, Landlord
    agrees that in the event the default is of such nature that it cannot reasonably be corrected in thirty days following written
    notice thereof it shall be sufficient if Tenant shall have commenced to cure the default within the stated time limit and
    shall continue thereafter with all due diligence to correct the default, provided, however, any such default shall be corrected
    within ninety days following written notice thereof and a default for failure to make timely payment hereunder shall not be
    considered to be of such a nature.
	 	 
	25.2	Remedies
    for Default.  In the event of default, Landlord shall have the following remedies, which shall be in addition
    to and shall not exclude any other remedy available to Landlord under applicable law:
	 	 
	25.2.1	Termination.  Landlord
    may elect to terminate this Lease by notice in writing to Tenant.
	 	 
	25.2.2	Re-Entry.  If
    Landlord elects to terminate this Lease, the rights and obligations of the parties with respect to possession of the Premises
    shall be as follows:  

 

	 	(a)	Tenant
    shall vacate the Premises immediately, remove any property of Tenant including fixtures which Tenant is required to remove
    at the end of the Term and perform cleanup, alterations or other work required to leave the Premises on the condition required
    at the end of the Term; and
	 	 	 
	 	(b)	Landlord
    may re-enter, take possession of the Premises and remove any persons or personal property by legal action or by self-help
    with the use of reasonable force and without liability for damages.  Any such property removed may be stored in a public
    warehouse or elsewhere at the cost of and for the account of Tenant.

 

26.
COSTS AND ATTORNEY’S FEES

 

If
by reason of any default by one party to this Lease it becomes necessary for the other party to employ an attorney, the defaulting
party shall pay the other party’s reasonable attorney’s fees and costs, including but not limited to giving notice
of default. 

 

27.
HEIRS, SUCCESSORS, AGENTS, AND EMPLOYEES

 

Subject
to the provisions of this Lease pertaining to assignment and subletting, the covenants and agreements of this Lease shall be binding
upon the heirs, legal representatives, successors and assigns of the Landlord and Tenant. The terms “Landlord” and
“Tenant” shall include their respective agents and employees.

 

28.
HOLD-OVER

 

If
Tenant, with Landlord’s consent, remains in possession of the Premises or any part thereof after the expiration of the Term,
such occupancy shall be a tenancy from month to month upon all the provisions of this Lease except as to the length of the Term,
and either party may terminate such month-to-month tenancy by giving the other party thirty days prior notice.

 

    	10

    	 

    

 

29.
SUBORDINATION

 

This
Lease shall be subordinate to future mortgages, deeds of trust and other encumbrances placed on the Premises by Landlord, provided
that the beneficiaries of such encumbrances shall execute a non-disturbance agreement reasonably acceptable to Tenant.

 

30.
TENANT’S CERTIFICATE

 

	30.1	Tenant
    shall at any time and from time to time without charge, and within ten days after Tenant’s receipt of written request
    therefore by Landlord, complete, execute and deliver to Landlord a written statement concerning the terms of this Lease, whether
    it is in full force and effect, and whether there exists any uncured default of either Landlord or Tenant.
	 	 
	30.2	If
    Landlord desires to finance, refinance, or sell the Premises or any part of the Premises, Tenant shall deliver to any potential
    lender or purchaser designated by Landlord such financial statements of Tenant as may be reasonably required by such lender
    or purchaser, including but not limited to Tenant’s financial statements for the past three years.  All such
    financial statements shall be received by Landlord and such lender or purchaser in confidence and shall be used only for the
    purposes herein set forth.

 

31.
PARTIAL INVALIDITY

 

If
any provision of this Lease is found illegal or unenforceable, such provision will be deemed restated in accordance with Law,
to reflect as nearly as possible the original intention of the Landlord and Tenant, and the remainder of this Lease will continue
unaffected in full force and effect.

 

32.
QUIET POSSESSION

 

Landlord
represents and warrants that it is the owner of the Premises and has full right to lease the Premises to Tenant in accordance
with the terms of this Lease. So long as Tenant is not in default under this Lease, Tenant shall have quiet possession of the
Premises, subject to the terms and provisions of this Lease.

 

33.
CONSTRUCTION

 

This
Lease was prepared jointly by the Landlord and the Tenant, each having had access to advice of its own counsel, and not by either
the Landlord or the Tenant to the exclusion of the other, and shall not be construed against one party or the other as a result
of the manner in which this Lease was prepared, negotiated or executed.

 

    	11

    	 

    

 

34.
ENTIRETY AND AMENDMENT

 

This
Lease and the Exhibits to this Lease constitute the entire agreement between the parties and supersede any prior or contemporaneous
agreements, proposal, solicitation, terms and conditions, or representations of the parties affecting the same subject matter.
No modification or amendment of this Lease shall be valid or effective unless evidenced by an agreement in writing signed by party
to be bound.

 

35.
CHOICE OF LAW AND FORUM

 

This
Lease shall be governed, construed and interpreted in accordance with the laws of the State of Montana, without regard to principles
of conflicts of law. All disputes arising out of this Lease will be subject to the exclusive jurisdiction of the United States
District Court in the State of Montana, and each party hereby expressly consents to the personal jurisdiction of such court. If
the United States District Court in the State of Montana lacks jurisdiction over any disputes arising out of this Lease, then
such dispute will be subject to the exclusive jurisdiction of the Montana State District Court sitting in Yellowstone County,
Montana, and each party hereby expressly consents to the personal jurisdiction of such court. Each party hereto further hereby
irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of or
relating to this Lease in those courts described in this Section 35, and hereby further irrevocably and unconditionally waives
and agrees not to plead or claim in such court that any such action, suit or proceeding brought in any such court has been brought
in any inconvenient forum.

 

36.
WAIVER OF JURY TRIAL

 

EACH
PARTY KNOWINGLY, VOLUNTARILY, INTENTIONALLY AND IRREVOCABLY WAIVES THE RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED
ON THIS LEASE, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS LEASE AND ANY AGREEMENT EXECUTED OR CONTEMPLATED TO BE EXECUTED
IN CONJUNCTION WITH THIS LEASE, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS
OF ANY PARTY HERETO. THIS PROVISION IS A MATERIAL INDUCEMENT TO EACH OF THE PARTIES FOR ENTERING HEREINTO. EACH PARTY HEREBY WAIVES
ANY RIGHT TO CONSOLIDATE ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR IN CONNECTION WITH THIS LEASE OR ANY OTHER AGREEMENT
EXECUTED OR CONTEMPLATED TO BE EXECUTED IN CONJUNCTION WITH THIS LEASE, OR ANY MATTER ARISING HEREUNDER OR THEREUNDER, WITH ANY
PROCEEDING IN WHICH A JURY TRIAL HAS NOT OR CANNOT BE WAIVED.

 

    	12

    	 

    

 

37.
SURVIVAL OF INDEMNITIES

 

All
obligations of Landlord and Tenant to indemnify the other, as set forth in this Lease, shall survive the expiration or sooner
termination of this Lease.

 

38.
EXHIBITS

 

The
following exhibits are attached hereto and incorporated herein by reference:

 

EXHIBIT
A – Premises

 

EXHIBIT
B – Construction and Site Work

 

[Signatures
follow on next page.]

 

    	13

    	 

    

 

The
Landlord and the Tenant have executed this Lease as of the Effective Date.

 

	 	LANDLORD:
	 	 
	 	ROCKY
    MOUNTAIN POWER, LLC, known in Montana as Rocky Mountain Power – Hardin, LLC
	 	 	 
	 	By:	 
	 	Name:
    	Kerri
    Langlais
	 	Title:
     	Chief
    Financial Officer

 

Signature
Page to Ground Lease

 

    	 

    	 

    

 

	 	TENANT:
	 	 
	 	MARATHON
    PATENT GROUP, INC.
	 	 	 
	 	By:
    	 
	 	Name:
    	 
	 	Title:
    	 

 

Signature
Page to Ground Lease

 

    	 

    	 

    

 

EXHIBIT
A

PREMISES

 

Separately
attached.

 

    	 

    	 

    

 

EXHIBIT
B

CONSTRUCTION
AND SITE WORK

 

Separately
attached.

 

    	 

    	 

    

 

Execution
Copy

 

 

DATA
FACILITY SERVICES AGREEMENT

 

AMONG

 

LIEFERN
LLC 

 

AND

 

TWO
POINT ONE, LLC

 

(“OPERATORS”)

 

AND

 

MARATHON
PATENT GROUP, INC.

 

    	 

     

    

 

TABLE
OF CONTENTS

 

	 	Page
	ARTICLE
    1 THE AGREEMENT	1
	 	 
	1.1   Purpose	1
	1.2   Contract
    Documents	1
	1.3   Timely
    Approval	1
	 	 
	ARTICLE 2 ENGAGEMENT
    OF OPERATOR	1
	 	 
	2.1   Engagement
    of Operators	1
	2.2   Beowulf
    OPCO Agency	2
	2.3   Limitations
    on Authority	2
	2.4   Retention
    of Control by Marathon	3
	2.5   General
    Operational Goals	3
	2.6   Standards
    for Performance of Services	3
	2.7   Services	3
	2.8   General
    Operation Services	4
	2.9   Asset
    Management Services	6
	2.10   Project
    Planning, Implementation and Post-Implementation Services.	7
	 	 
	ARTICLE 3 MARATHON’S
    DUTIES	8
	 	 
	3.1   General
    Responsibilities	8
	3.2   Marathon
    to Provide	8
	3.3   Marathon’s
    Insurance	9
	3.4   Permits	9
	3.5   Compliance
    with Applicable Laws	9
	 	 
	ARTICLE 4 PRICE, PAYMENT
    TERMS AND INVOICES	9
	 	 
	4.1   Compensation
    and Payment Terms	9
	4.2   Billing	10
	 	 
	ARTICLE 5 TERM AND
    TERMINATION	10
	 	 
	5.1   Term
    of Agreement	10
	5.2   Automatic
    Renew	10
	 	 
	ARTICLE 6 REPRESENTATION
    AND WARRANTIES OF OPERATORS	10
	 	 
	6.1   General
    Representation	10
	 	 
	ARTICLE 7 REPRESENTATION
    AND WARRANTIES OF MARATHON	11
	 	 
	7.1   General
    Representation	11

 

    	 	i	 

     

    

 

	ARTICLE
    8 INDEMNIFICATION	12
	 	 
	8.1   Covered
    Events	12
	8.2   Limitation
    on Indemnification	12
	8.3   Procedure
    for Indemnification	12
	8.4   No
    Consequential or Insured Damages	13
	8.5   [Special
    Hazardous Materials Indemnification	14
	 	 
	ARTICLE 9 EVENTS OF
    DEFAULT; REMEDIES	14
	 	 
	9.1   Operator’s
    Events of Default	14
	9.2   Marathon’s
    Remedies	15
	9.3   Duties
    of Operators Upon Termination	15
	9.4   Marathon’s
    Event of Default	15
	9.5   Operator’s
    Remedies	16
	 	 
	ARTICLE 10 LIMITATION
    ON LIABILITY	17
	 	 
	10.1   Maximum
    Liability of Operator	17
	10.2   Maximum
    Liability of Marathon	18
	 	 
	ARTICLE 11 INSURANCE	18
	 	 
	11.1   Operators
    Insurance Coverage	18
	11.2   Additional
    Insureds	18
	11.3   Subcontractors’
    Insurance	18
	11.4   Other
    Requirements	19
	11.5   Marathon’s
    Insurance Coverage	19
	11.6   Proof
    of Insurance	20
	11.7   Form
    and Content of Insurance	20
	11.8   Additional
    Requirements	20
	 	 
	ARTICLE 12 FORCE MAJEURE	21
	 	 
	12.1   Events
    Constituting Force Majeure	21
	12.2   Notice	21
	12.3   Reasonable
    Efforts	21
	 	 
	ARTICLE 13 DISPUTES	22
	 	 
	13.1   Dispute
    Resolution	22
	13.2   Senior
    Executives	22
	13.3   Litigation	22
	 	 
	ARTICLE 14 ASSIGNMENT	23
	 	 
	14.1   Assignment	23
	 	 
	ARTICLE 15 MISCELLANEOUS	23
	 	 
	15.1   Notices	23
	15.2   Independent
    Contractor	24
	15.3   Subcontractors	24
	15.4   Entire
    Agreement	24
	15.5   No
    Waiver	24
	15.6   Severability	24
	15.7   Governing
    Law; Jurisdiction of Courts	24
	15.8   Further
    Assurances	24
	15.9   Limitation	24
	15.10   Survival
    of Representations and Warranties	25
	15.11   Captions	25
	15.12   Conflicting
    Provisions	25
	15.13   Counterparts	25
	15.14   Confidential
    and Proprietary Information.	25
	15.15   Effective
    Date	25

 

    	 	ii	 

     

    

 

DATA FACILITY SERVICES AGREEMENT

 

This
Data Facility Services Agreement (the “Agreement”) dated as of October 3, 2020 (the “Effective
Date”) is made and entered into by and Marathon Patent Group, Inc., a Nevada corporation (“Marathon”), Liefern
LLC, a Delaware limited liability company (“Beowulf OPCO”) and TWO POINT ONE, LLC, a Delaware limited liability company
(“2P1” and, together with Beowulf OPCO, “Operators” and each, a “Operator”) and Marathon Patent
Group, Inc., a Nevada corporation (“Marathon”). Each of Marathon and each Operator may be hereinafter referred to
individually as a “Party,” and collectively, as the “Parties.”

 

WITNESSETH:

 

WHEREAS,
Marathon is having developed for it and will own a data center facility of up to 100-megawatts at the Hardin Generating Station
in Hardin, MT (the “Facility”);

 

AND
WHEREAS, beginning on the Effective Date Marathon desires Operators to provide
operating and maintenance services for Marathon’s Facility, in accordance with the terms and conditions of this Agreement,
and Operators desire to provide to Marathon such Services.

 

NOW
THEREFORE, in consideration of the mutual covenants set forth herein, the Parties agree as follows:

 

ARTICLE
1

THE AGREEMENT

 

1.1
    Purpose. The purpose
of this Agreement is to define the terms under which Operators shall operate and maintain the Facility for Marathon.

 

1.2
Contract Documents. The following Appendices are either attached to or incorporated into this Agreement by reference:

 

Appendix
A Definitions

 

Appendix
B Site

 

1.3
Timely Approval. If upon due notice from Operators, Marathon shall fail to timely approve or disapprove of matters requiring
Approval, Operators shall continue to operate the Facility in accordance with Section 2.2, resolving such matters requiring
Approval in a manner consistent with Prudent Engineering and Operating Practices until receiving written instructions from Marathon
to the contrary.

ARTICLE
2

ENGAGEMENT OF OPERATOR

 

2.1
  Engagement of Operators. Marathon
hereby engages Operators and Operators accept such engagement to provide or make available operation and maintenance services
and to perform or cause to be performed the Services (as hereinafter defined), all on the terms and conditions and as more fully
described in this Agreement.

 

    	 	1 	 

     

    

 

2.2
  Beowulf OPCO Agency. Under the
terms and subject to the conditions and limitations on authority set forth in this Agreement, Marathon hereby appoints Beowulf
OPCO as agent for Marathon, with effect from and after the Effective Date and continuing until the expiration or termination of
this Agreement, and Beowulf OPCO accepts such appointment. Beowulf OPCO shall have such authority as may be necessary for it to
perform the Services under and pursuant to this Agreement, including without limitation the authority to take actions and execute
documents in the name (and as agent on behalf) of Marathon, subject, in all instances, to the limitations on Marathon’s
authority set forth in this Agreement and the specific written instructions of Marathon from time to time. In the event it is
necessary for Beowulf OPCO to communicate with any counterparty to any of the material agreements between Marathon and certain
counterparties in relation to the Facility in connection with provision of the Services, Marathon will notify such counterparty
that, as of the Effective Date, Beowulf OPCO is, and will be until the expiration or termination of this Agreement, acting as
agent of Marathon under and in connection with such agreements, and not in Beowulf OPCO’s individual capacity. Beowulf OPCO
may, if it reasonably deems it to be necessary to determine whether an action required by Beowulf OPCO falls within its specific
authority, request written instructions from Marathon within a reasonable period, but not less than five (5) business days before
the need to take such action and may defer action pending the receipt of such written instructions. Actions taken by Beowulf OPCO,
its officers, employees and representatives in accordance with any such written instructions of Marathon, or failure to act pending
the receipt of such written instructions, shall be deemed to be conducted within the scope of Beowulf OPCO’s authority under
this Agreement.

 

2.3
  Limitations on Authority. The authority
granted to Beowulf OPCO in Section 2.2 is expressly limited by the provisions of this Section 2.3 and Section 2.4. In furtherance
of the foregoing, each of Beowulf OPCO, as agent for Marathon or otherwise and 2P1 shall not and shall cause their respective
Affiliates, agents, employees, representatives and contractors not to, without the prior written approval of Marathon, take any
of the following actions with respect to the Facility:

 

(i)
Disposition of Assets. Sell, lease, pledge, mortgage, convey, license, exchange or otherwise transfer or dispose of any property
or assets;

 

(ii)
Contracts. Make, enter, execute, amend, modify or supplement any Material Project Agreement or any other contract or agreement
on behalf of or in the name of Marathon or any Affiliate thereof;

 

(iii)
Expenditures. Make, incur or commit to any expenditure greater than $30,000, except as the result of the Parties’ respective
obligations hereunder in the event of Emergency or Force Majeure undertaken in compliance with Section 2.8.2.3 or Article 12,
as applicable;

 

(iv)
Borrowing. Borrow any money; utilize any property or assets as security for any loans; obligate Marathon or any Affiliate thereof
as guarantor, endorser, surety or accommodation party; or otherwise pledge the credit of Marathon or any Affiliate thereof in
any way;

 

(v)
Loans. Lend any money, or extend any credit;

 

(vi)
Exercising Discretionary Rights under Agreements. Take any material discretionary actions under any material agreement to which
Marathon is a party related to the Facility, including (i) exercise or waiver of any remedy or taking of any non-routine action,
(ii) amend, modify, terminate, renew, extend or supersede any such agreement, (iii) assess or settle any claim for liquidated
damages or other damages under any such agreement, or (iv) assert or make any claim for indemnification or insurance coverage
under any such agreement;

 

(vii)
Change Orders. Execute any change orders (or other similar documents or requests) under any material agreement to which Marathon
is a party related to the Facility;

 

    	 	2 	 

     

    

 

(viii)
Lawsuits and Settlements. Settle, compromise, assign, pledge, transfer, release or consent to do the same, with respect to any
claim, suit, debt, demand or judgment against, or due from or by, Marathon or any Affiliate thereof, or submit any such claim,
dispute or controversy to arbitration or judicial process, or stipulation thereof to a judgment, or a consent to do the same;
or

 

(ix)
Violations of Agreements and Laws. Take any action or fail to take any action that would constitute a violation, default or breach
under or in connection with any material agreement to which Marathon is a party related to the Facility or any Applicable Laws.

 

2.4
  Retention of Control by Marathon.
Notwithstanding anything in this Agreement to the contrary, Marathon and each Operator expressly acknowledge and agree that Marathon
retains ultimate decision-making authority relating to the operation of the Facility, which authority may be exercised by Marathon
in its discretion and by specific written direction to Operators or either Operator; provided, however, that the foregoing provisions
of this Section 2.4 shall not, in the absence of any such specific direction, be deemed to affect any actions taken or not taken
by Operators in the performance of the Services otherwise in compliance with the terms hereof and subject to the limitations set
forth herein.

 

2.5
General Operational Goals. Subject to
Section 2.3, Operators shall perform the Services or cause the Services to be performed in such manner so as to (a) maximize
the Facility’s Income, (b) minimize Facility downtime and disruption, (c) comply with the requirements of Applicable
Laws, and (d) minimize expenses and liabilities. If
from time to time in connection with the provision of Services Operators determines there to be any material conflict in
achieving the goals set forth in this Section 2.5, Operators shall notify Marathon thereof and proceed to perform such Services
or cause such Services to be performed as reasonably directed by Marathon. Except as provided in Section 1.3, absent sufficient
time to notify Marathon in cases of an Emergency, or absent timely directions from Marathon after notification of Marathon, Operators
shall resolve all such conflicts or cause all such conflicts to be resolved in a manner consistent with Prudent Engineering and
Operating Practices and the provisions of this Section 2.5.

 

2.6
  Standards for Performance of Services.
Throughout the Term of this Agreement, Operators shall perform its obligations in accordance with Prudent Engineering and Operating
Practices.

 

2.7
Services.
Operators shall provide or cause to be provided to Marathon Services during the Term in accordance with the terms of this Agreement.
It is expected that Operators will perform all work or cause all work to be performed, obtain all Permits, licenses and certifications
or cause all Permits, licenses and certifications to be obtained as are necessary for Operators to perform the Services or cause
the Services to be performed and provide or cause to be provided reasonable support and assistance (including the provision of
information) for Marathon to perform its obligations hereunder.

 

    	 	3 	 

     

    

 

2.8
General Operation Services. Operators
shall perform or cause to be performed the following services during the Term as set forth in this Section 2.8. Operators
shall operate and maintain the Facility or cause the Facility to be operated and maintained in accordance with Prudent Engineering
and Operating Practices, the general operating goals set out in Section 2.5, and the provisions of this Agreement and the
annexes thereto. Operators shall, in fulfilling their operation and maintenance obligations hereunder, perform and supervise or
cause to be performed and supervised any and all operation, maintenance, and repair Services (including, without limitation, the
Services in this Section 2.8) necessary and prudent in order to safely, dependably and efficiently operate, maintain and
repair the Facility consistent with Prudent Engineering and Operating Practices, the provisions
of Article 2 hereof and any other provisions of this Agreement.

 

2.8.1
Administrative Services. Throughout the Term, Operators shall be responsible for the administration of all activities required
to carry out the Services except for those activities stated in Article 3 as Marathon’s duties. Operators’ responsibilities
include, but are not limited to, the following:

 

2.8.1.1
Personnel. Operators shall provide and make available all such labor, and professional,
supervisory, and managerial personnel as are required to perform the Services, except for such labor, professional, supervisory
and managerial personnel to be provided by Marathon pursuant to Section 3.2.1 hereof, which personnel Operators shall supervise.

 

2.8.1.2
Licenses and Permits. Operators shall assist Marathon in securing and maintaining Permits required to be obtained by Marathon
for the ownership or operation of the Facility. Operators shall comply with all Permits required for the operation or maintenance
of the Facility. Copies of all such applicable Permits, licenses and other governmental approvals
shall be retained by Operators at the Facility with the originals being forwarded to Marathon. Operators shall secure and
maintain all Permits necessary for Operators to perform the Services.

 

2.8.1.3
 Reporting. Operators shall submit after
the Effective Date, monthly reports on the status, operation, and maintenance of the Facility (each, a “Monthly Report”).
The format of each report shall be as heretofore agreed upon by and Marathon. The Monthly Report shall be provided to Marathon
ten (10) Business Days after the end of each month covered by the Monthly Report.

 

2.8.2
Operation. Operators shall operate the Facility or cause the Facility to be operated in accordance with Prudent Engineering
and Operating Practices, and in accordance with the provisions of this Agreement. Operators
acknowledge that certain limitations on operations are imposed by the Permits for the Facility, and Operators shall operate or
cause the operation of the Facility at all times in compliance therewith, and the
other provisions of this Agreement. 

 

2.8.2.1
Training. Operators shall be responsible for training or overseeing the training of
all personnel employed by Operators pursuant to 2.8.1.1. and Marathon pursuant to Section 3.2.1 to operate the Facility in accordance
with Prudent Engineering and Operating Practices and this Agreement. Such training shall be performed in accordance with
Operator’s regular training procedures and shall be sufficient to enable any new personnel to operate the Facility in accordance
with Prudent Engineering and Operating Practices and as required by Permits and Applicable Laws.

 

    	 	4 	 

     

    

 

2.8.2.2
Safety and Security. Operators shall implement appropriate safety and security procedures
for the Facility and ensure that such procedures are followed at all times consistent
with Prudent Engineering and Operating Practices and shall conduct operations at
the Facility in such a manner as to minimize the risk of bodily harm to persons or damage to property.
Without limiting the generality of the foregoing, Operators shall throughout the Term:

 

 

		a)	Meet
                                         all laws, rules, regulations and Permit requirements, including, without limitation,
                                         all Environmental Laws, pertaining to Hazardous Materials,
                                         including, without limitation, posting, manifesting,
                                         labeling, handling, storing, treating, disposal, transportation and notifications
                                         of Hazardous Materials;

		b)	Maintain
                                         or supervise the maintenance of a visitors’ log at the Facility; and

		c)	Establish
                                         and maintain reasonable security precautions and programs to protect the Facility against
                                         vandalism, theft, arson, or other similar actions; provided that, except in the case
                                         of an Emergency, all such precautions and programs
                                         shall be subject to Marathon’s prior Approval.

2.8.2.3
Emergencies. In the event of any Emergency involving the Facility endangering life or property, Operators shall take such
action or cause such action to be taken as may be reasonable and necessary to prevent, avoid,
or mitigate injury, damage, or loss, or to comply with Applicable Laws and shall, as soon as practicable, report any such incident,
including Operators’ response thereto, to Marathon and to the appropriate Government
Authority to the extent required under any Applicable Laws.

 

2.8.2.4
Access and Inspection. Operators shall
ensure that all areas of the Facility will be open to Marathon and its subsidiaries during normal business hours for inspection
and review of operations and maintenance practices upon reasonable prior notice during normal
business hours. Any such access or inspection shall be carried out in the presence of the Facility Manager or his designee and
shall be conducted so as not to materially interfere with Operators’ activities
at the Facility.

 

2.8.2.5
Applicable Laws. Operators shall perform
its obligations and duties under this Agreement and shall operate and maintain the Facility or cause the Facility to be operated
and maintained in compliance with all Applicable Laws. Operators must make available and shall post in the Facility any Operator’s
licenses held by Facility personnel and any permit provided to or by Operators or Marathon.

 

    	 	5 	 

     

    

 

2.8.2.6
Warranties. Operators shall obtain or
cause to be obtained from Subcontractors and vendors all normal and customary warranties given by such Subcontractors and vendors
and shall include in its contractual arrangements with its Subcontractors and vendors provisions that such warranties are for
the benefit of Marathon as well as Operators and are directly enforceable by Marathon and its assignees. Operators shall administer
or cause to be administered any warranties provided by the original equipment manufacturers and Subcontractors, to the extent
still in effect, and shall enforce all such warranties for the benefit of Marathon and as Marathon’s agent for this limited
purpose.

 

2.8.2.7
  Contracts;
Terms and Conditions; Purchase Orders. Notwithstanding
anything to the contrary in this Agreement, Marathon and Operators agree that from time to time Marathon or Marathon’s subsidiaries
may directly enter into contracts, agreements, purchase orders or general terms and conditions with third parties relating to
the Facility. In such cases, Operators will schedule and oversee such activities on behalf of Marathon but will not itself
undertake or be responsible for the maintenance or work performed by the third-party. Operators shall administer and shall
enforce the provisions of all contracts, agreements, purchase orders or general terms and conditions entered into by Marathon,
Marathon’s subsidiaries or Operators with respect to the operation and management of the Facility.

 

2.8.2.8
Premises, Roads and Easements. Operators shall maintain the Premises or cause the
Premises to be maintained in a clean and presentable manner, including all grounds and landscaping.

 

2.8.2.9
Books and Records. Books and records (including all data, information and documents) relating to the Facility shall be
maintained or caused to be maintained by Operators and will be available for inspection, copying and audit by Marathon (or its
representatives or designees) during normal business hours. Operators will cause books and records relating to the Facility to
be maintained in accordance with the requirements of all material agreements related to the Facility and, with respect to financial
records, in accordance with United States generally accepted accounting principles. Operators will retain such records in a place
reasonably believed to be safe and secure and in a proper manner in accordance with Marathon’s record retention policy.
All such books and records relating to the Facility shall be the exclusive property of Marathon.

 

2.9
Asset Management Services. Beowulf OPCO
shall provide or make available, directly or through one or more of its Affiliates, asset management services to Marathon as shall
reasonably be required from time to time, including the following:

 

(i)
   General day-to-day oversight;

 

(ii)
General accounting services;

 

(iii)
     Financial reporting and external audit facilitation;

 

(iv)
      Assistance with negotiation and procurement of insurance respecting the Facility; and

 

(v)
Financial budgeting.

 

    	 	6 	 

     

    

 

2.10
   Project Planning, Implementation and Post-Implementation Services.

 

2.10.1.1
Operators shall perform the following Services during Marathon’s planning for development of the Facility:

 

(i)
   2P1 will provide estimation and forecasting services for miner operations and expert analysis of cooling systems;
and

 

(ii)
Beowulf OPCO will provide design support for site layout and power delivery; design support for containers, facilities, and storage;
and networking and cable management review.

 

2.10.1.2
Operators shall perform the following Services during Marathon’s implementation of development the Facility:

 

(i)
   2P1 will provide:

 

		a)	Support
                                         during prototype container development;

		b)	Consulting
                                         during initial miner configurations;

		c)	Testing
                                         and evaluation of mining networking;

		d)	Pool
                                         setup and worker configuration;

		e)	Wallet
                                         setup and testing; and

		f)	Design
                                         monitoring dashboards and data collection system.

 

(ii)
Beowulf OPCO will provide:

 

		a)	On
                                         site project support for deployment events (Phased rollouts, network configurations,
                                         monitoring systems); and

		b)	Firmware
                                         / authentication software support.

    	 	7 	 

     

    

 

 

2.10.1.3
Operators shall perform the following Services after the Facility is operational:

 

(i)
   2P1 will provide:

 

		a)	Configuration
                                         tuning / remote management;

		b)	Miner
                                         alert management (downtime, temperature issues, errors, communication issues)

		c)	Pool
                                         tuning, miner reconfigurations, worker management; and

		d)	Wallet
                                         rotations and security.

(ii)
Beowulf OPCO will provide:

 

		a)	Network
                                         monitoring support;

		b)	Consulting
                                         for support and maintenance of equipment;

		c)	Sourcing
                                         and strategic relationships;

		d)	Site
                                         reliability support; and

		e)	Site
                                         security.

ARTICLE
3

MARATHON’S DUTIES

 

3.1
  General Responsibilities. Marathon’s
responsibilities shall be as set forth throughout this Agreement and shall be met in a timely and complete manner.

 

3.2
Marathon to Provide. Marathon shall furnish
to Operators the information, services, materials, certain Facility personnel and other items described below. All such items
shall be made available at such times and in such manner as may be required for the expeditious
and orderly performance of Services by Operators. Marathon makes no warranty as to the fitness of material prepared by
others or as to its accuracy. Nothing in this Section 3.2 shall be deemed to apply to or dilute in any manner any warranties
provided or to be provided by any vendor or manufacturer of equipment, materials or services relating to the Facility.

 

3.2.1
Personnel. Marathon shall provide and make available, under the supervision of the Operators, all labor, and professional,
supervisory, and managerial personnel employed by Marathon or its subsidiaries for the Facility.

 

3.2.2
     Facility. The
Facility include all work and materials that are existing at the Effective Date and all applicable manufacturers’ contracts
with such additions and deletions as have been made thereto as of the Effective Date.

 

3.2.3
  Transfer of Custody. During the
Term of this Agreement, Marathon shall provide Operators access to the Facility and any appurtenances thereto, together with the
rights of ingress and egress thereto as necessary for Operators to perform the Services hereunder.

 

3.2.4
Marathon’s Approval. Marathon shall designate a single individual from whom
Operators will receive directions on behalf of Marathon and to whom requests requiring Marathon Approval will be directed.
Such individual may be replaced temporarily or permanently upon written notice from Marathon.

 

    	 	8 	 

     

    

 

3.3
  Marathon’s Insurance. Marathon
shall, by the Effective Date, obtain and maintain the insurance required to be obtained and maintained by Marathon pursuant to
Article 11.

 

3.4
Permits. Marathon shall be responsible
for obtaining, maintaining and renewing all Permits necessary for: (i) it to do business in the jurisdictions in which the
Facility and Site are located and (ii) it to own, operate and maintain the Facility and the Premises. Such Permits shall
not be deemed to include those Permits required to be obtained and maintained by Operators in order to perform the Services hereunder.

 

3.5
Compliance with Applicable Laws. Marathon shall comply with Applicable Laws in fulfilling its obligations under this Agreement.

 

ARTICLE
4

PRICE, PAYMENT TERMS AND INVOICES

 

4.1
Compensation and Payment Terms. Compensation to paid by Marathon to the Operators shall be as follows:

 

		(a)	Simultaneously
                                         with the execution of this Agreement, Marathon will issue 3,000,000 shares of common
                                         stock of Marathon to each of Beowulf OPCO, or its designee, and 2P1, or its designee
                                         (collectively, the “Initial Management Fee”).

		(b)	Once
                                         the Facility has utilized 30MW of load, Beowulf OPCO will receive 150,000 shares of common
                                         stock of Marathon; once the Facility has utilized 60MW of load, Beowulf OPCO will receive
                                         150,000 shares of common stock of Marathon; and once the Facility has utilized 100MW
                                         of load, Beowulf OPCO will receive 200,000 shares of common stock of Marathon (each,
                                         an “Incremental Management Fee”, and collectively, the “Incremental
                                         Management Fees”, and together with the Initial Management Fee, the “Management
                                         Fees”).

		(c)	Marathon
                                         shall pay Beowulf OPCO a monthly payment of at $0.006 per kwH of Contract Energy (as
                                         defined in the PPA), as adjusted, (the “Services Price”), which shall be
                                         calculated by multiplying the Services Price by the amount of Contract Energy delivered
                                         to Purchaser at the Points of Delivery in such Month under the PPA (such payment, the
                                         “Services Payment”). Commencing on the date which is five (5) years after
                                         the Effective Date, and each subsequent anniversary of the Effective Date thereafter
                                         during the Term, the Services Price will automatically increase by two percent (2%).

    	 	9 	 

     

    

 

4.2
Billing .

 

		(a)	On
                                         or about the fifth (5th) Business Day of each Month, Beowulf OPCO shall submit to Marathon
                                         an invoice for the prior Month (the “Monthly Invoice”) setting forth (a)
                                         the quantity of Contract Energy delivered to Marathon in such Month under the PPA, if
                                         any and (b) the Services Payment for such Month.

		(b)	Each
                                         Monthly Invoice shall, subject to Section 4.2(b), be due and payable on or before the
                                         fifteenth (15th) Day after the date such Monthly Invoice was sent to Marathon. Payment
                                         shall be made by wire transfer in immediately available funds to a bank account specified
                                         by Seller in the Monthly Invoice.

		(c)	If
                                         Marathon, in good faith, disputes any amount due pursuant to a Monthly Invoice, Marathon
                                         shall pay the undisputed portion of such Monthly Invoice on or before the due date and
                                         notify Beowulf OPCO in writing in reasonable detail of the specific basis for such dispute.
                                         Any such notice shall be provided within thirty (30) Days after the date of the statement
                                         in which the disputed amount first appeared. The Parties shall resolve the dispute in
                                         accordance with Article 13. If any amount disputed by Marathon is determined not to have
                                         been due to Beowulf OPCO, such amount shall be reimbursed to Marathon within ten (10)
                                         Business Days after such determination or resolution, along with interest accrued at
                                         the Interest Rate from the original date due until the date reimbursed.

		(d)	Undisputed
                                         amounts not paid when due shall accrue interest from and including the due date, to and
                                         excluding the date of payment, at the Interest Rate.

 

ARTICLE
5

TERM AND TERMINATION

 

5.1
   Term of Agreement Subject
to the provisions of this Article, this Agreement shall begin on the Effective Date and shall continue in effect until the fifth
anniversary of the Effective Date, or September 30, 2025, subject to renewal pursuant to Section 5.3 below (the “Term”).

 

5.2
Automatic Renewal; Renewal Option. The Term of this Agreement will be automatically extended under the same terms and conditions
set forth in this Agreement for successive additional periods of one (1) year each, unless, at least one
hundred and eighty (180) days prior to the end of the then current Term’s expiration, either Party notifies the other
Party in writing that it elects to terminate this Agreement; provided however that the Term of this Agreement shall not extend
beyond the term of the PPA.

 

ARTICLE
6

REPRESENTATION AND WARRANTIES OF OPERATORS

 

6.1
General Representation. Each Operator represents and warrants to Marathon that on the Effective Date:

 

6.1.1
     Existence.
Operator is a limited liability company duly organized, validly existing
and in good standing under the laws of Delaware. Operator has the corporate power to carry
on its business as now conducted, is duly qualified to conduct business in every jurisdiction in which its activities require
such qualification, including Montana, and has the requisite legal power and authority to
execute and deliver this Agreement and to consummate the transactions contemplated hereby.

 

    	 	10 	 

     

    

 

6.1.2
  No Conflict. The execution and
delivery of this Agreement by Operator and the consummation of the transactions contemplated hereby will not conflict with or
result in a breach of or constitute a default under any of the terms, conditions or provisions of the certificate of formation
or operating agreement of Operator, or any statute, judgment, order, injunction, decree, regulation or ruling of any court or
Governmental Authority to which Operator is subject or of any agreement, contract or commitment to which Operator is a party or
requires the consent or approval of any Person.

 

6.1.3
     Violation of Law.
To the knowledge of Operator, Operator is not in violation of any Applicable Law, statute, order, rule or regulation promulgated
or judgment entered by any federal, state, local or Governmental Authority which violations,
individually or in the aggregate, would materially and adversely affect Operator’s performance of its obligations
under this Agreement.

 

6.1.4
  Suits. Operator is not a party
to any legal, administrative, arbitration, or other proceeding, or, to Operator’s knowledge, is such a proceeding threatened,
which, if decided adversely to Operator, would materially and adversely affect Operator’s ability to perform under this
Agreement.

 

6.1.5
  Authorization. The execution, delivery
and performance of this Agreement by Operator has been duly and validly authorized by Operator.

 

6.1.6
  Experience. Operator is experienced
and competent to undertake the responsibilities herein and is in the business of operating and maintaining data center facilities
similar to the Facility.

 

ARTICLE
7

REPRESENTATION AND WARRANTIES OF MARATHON

 

7.1
General Representation. Marathon represents and warrants to Operators that on the Effective Date:

 

7.1.1
     Existence. Marathon
is a corporation company duly incorporated and validly existing under the laws of the State of Delaware and has the necessary
power to carry on its business as now conducted and to execute and deliver this Agreement
and to consummate the transactions contemplated hereby.

 

7.1.2
  No Conflict.
The execution and delivery of this Agreement by Marathon and the
consummation of the transactions contemplated hereby will not conflict with or result in a breach of or constitute a default under
any of the terms, conditions or provision of the certificate of formation or limited liability agreement of Marathon, or any statute,
judgment, order, injunction, decree, regulation or ruling of any court or Governmental Authority
to which Marathon is subject or of any agreement, contract or commitment to which Marathon is a party or require the consent
or approval of any Person.

 

7.1.3
  Violation of
Law. To the knowledge of Marathon, Marathon is not in violation of any
Applicable Law, statute, order, rule or regulation promulgated or judgment entered by any federal,
state, local or Governmental Authority which violations, individually or in the aggregate, would materially and adversely
affect Marathon’s performance of its obligations under this Agreement.

 

    	 	11 	 

     

    

 

7.1.4
  Suits. Marathon is not a party
to any legal, administrative, arbitration, or other proceeding, or, to Marathon’s knowledge, is such a proceeding threatened,
which, if decided adversely to Marathon, would materially and adversely affect Marathon’s
ability to perform under this Agreement.

 

7.1.5
  Authorization. The execution, delivery
and performance of this Agreement by Marathon has been duly and validly authorized by Marathon.

 

ARTICLE
8

INDEMNIFICATION

 

8.1
Covered Events.

 

8.1.1
     Indemnity by Operators.
Subject to the provisions of this Article 8, each Operators agrees, severally, not jointly, to indemnify, defend, save and hold
harmless Marathon, its Affiliates, and their respective officers and directors from and against all loss, cost or expense, liabilities,
penalties, damages, including reasonable attorney’s fees, arising from (i) any
untruth of any representation or warranty of Operators herein, (ii) with respect to claims by third parties relating
to the Facility, arising from any negligent acts or omissions of Operator, (iii) willful misconduct of Operator, (iv) bad
faith of Operator, (v) any negligent acts or omissions of any Subcontractor or employee of
Operator, or (vi) any breach by Operators of the terms and conditions of this Agreement.

 

8.1.2
Indemnity by Marathon. Subject to the provisions of this Article 8, Marathon agrees
to indemnify, defend, save and hold harmless each Operator, its Affiliates, and their respective officers and directors
from all loss, cost or expense, liabilities, penalties, damages, including reasonable attorney’s fees, arising from (i) any
untruth of any representation or warranty of Marathon herein, (ii) with respect to claims by third parties relating to the
Facility, arising from negligent acts or omissions of Marathon, (iii) willful misconduct
of Marathon; (iv) bad faith of Marathon; (v) any negligent acts or omissions
of any subcontractor or employee of Marathon, or (vi) or breach by Marathon of the terms and conditions of this Agreement.

 

8.2
Limitation on Indemnification.

 

8.2.1
  Marathon Concurrence. In no event
shall any Operators be required to indemnify Marathon with respect to acts taken or not taken by Operators at the direction of
Marathon provided that any such action by such Operators be carried out in a manner not involving negligence, willful misconduct,
or bad faith.

 

8.2.2
  No Third Party Beneficiary. The
indemnification provided for in this Article 8 is solely for the benefit of Operators, Marathon and their respective Affiliates
and may be enforced only by Operators, Marathon and such Affiliates or its permitted assignees.

 

8.2.3
     No
Subrogation. Operators and Marathon each agrees to cause its insurance carrier
to waive their rights of subrogation with respect to any indemnity claim otherwise available hereunder except with respect to
workers’ compensation and employer’s liability policies.

 

8.2.4
  Operators Limitation of Indemnification
for Amounts in Excess of Insurance Proceeds. Operators’ indemnification obligations hereunder, to the extent of amounts
exceeding the amount of any applicable insurance proceeds, shall not exceed one hundred thousand
dollars ($100,000).

 

8.3
Procedure for Indemnification. The obligations of a Party seeking indemnification under this Article 8 shall be subject
to the following conditions:

 

8.3.1
     If any third person
asserts a claim against a Party (the “Indemnified Party”) entitled to indemnification under Section 8.1 of such a
nature for which the Indemnified Party will expect indemnification from the other Party hereunder (the “Indemnifying Party”),
or if a Party desires to assert a claim against another Party for which it will expect indemnification hereunder, the Indemnified
Party shall give prompt written notice thereof to the Indemnifying Party;

 

8.3.2
  Any claim in respect of which indemnification
hereunder is sought must be in writing (i) as to claims made by an Indemnified Party for its own account, within one hundred
twenty (120) days from the date such Indemnified Party has or should have had knowledge that
an indemnifiable event has occurred, and (ii) as to claims made by third persons against
an Indemnified Party for which an Indemnifying Party is asserted to be liable under the provisions hereof, within the lesser
of (i) thirty (30) days from the date such third party claim is first made and (ii) one
half of the applicable time limit for within which a response to such claim must be filed or served;

 

8.3.3
  In the event that the Indemnifying Party
accepts the Indemnified Party’s claim for indemnification, with respect to third parties
the Indemnifying Party shall have control of the defense thereof, the right to select counsel, and the right to settle
the claim; except for situations where there is a conflict of interest between the Indemnifying Party and the Indemnified
Party, in which case the Indemnifying Party shall have the right to participate in the defense
of the claim through independent counsel and the matter shall not be settled in a manner adversely affecting the interest of the
Indemnifying Party without the Indemnifying Party’s prior written consent.

 

    	 	12 	 

     

    

 

8.3.4
  In the event that the Indemnifying Party
disputes the Indemnified Party’s right to indemnity or accepts the Indemnified Party’s right to indemnity only in
part, the Indemnifying Party shall have the right to participate in the defense of the claim and, with respect to that portion
of the claim for which the Indemnifying Party has accepted its indemnification obligations hereunder, the matter shall not be
settled in a manner adversely affecting the interest of the Indemnifying Party without the Indemnifying Party’s prior written
consent.

 

8.4
No Consequential or Insured Damages. Notwithstanding
any provision contained in this Agreement to the contrary, neither Party nor its shareholders, officers, directors, principals,
agents, contractors, subcontractors, vendors, employees or related or affiliated entities shall be liable to the other
hereunder for any punitive, consequential, special, incidental loss or damage, including cost of capital, loss of goodwill, loss
of revenue, increased operating costs or for damages reimbursed to the Indemnified Party by insurance. The Parties further agree
that the waivers and the disclaimers of liability, indemnities, releases from liability and
limitations on liability expressed in this Agreement shall survive the termination or expiration and shall apply (whether
in contract, equity, tort, statute or otherwise) even in the event of the fault, negligence (including the sole negligence), strict
liability or breach of warranty of the Party indemnified, released or whose liabilities are limited, and shall extend
to the officers, directors, principals, agents, contractors, subcontractors, vendors, employees or related or affiliated
entities of such Party. The Parties hereto have agreed that liability for damages or loss of tangible property of Marathon or
Operators shall be limited to amounts in excess of available insurance proceeds.

 

    	 	13 	 

     

    

 

8.5
Special Hazardous Materials Indemnification.

 

8.5.1
     Marathon shall indemnify,
defend and hold harmless Operators, its Affiliates, and each of their respective officers, directors, shareholders and employees
for, from and against any and all claims, demands, actions, causes of action, fines, penalties, suits, liability, losses, costs
(including reasonable attorneys’ fees and expenses) and damages arising from or relating to the presence of Hazardous
Material other than Hazardous Materials brought by Operators into the Facility or onto the Premises including Hazardous Materials
furnished, used, applied or stored in a Facility or at the Premises by Operators or any Subcontractor or emanating from a Facility
or the Premises as a result of the performance of the Services.

 

8.5.2
  Operators shall
indemnify, defend and hold harmless, severally, not jointly, Marathon, its Affiliates, and
each of their respective officers, directors, shareholders and employees for, from and against any and all claims, demands, actions,
fines, penalties, suits, liability, losses, costs (including reasonable attorneys’ fees and expenses) and damages arising
from or relating to the presence of any Hazardous Materials in a Facility or on the Premises, to the extent such claims, demands,
actions, causes of action, fines, penalties, suits, liabilities, losses, costs and damages are attributable to Hazardous Materials
brought by such Operator in the Facility or onto the Premises including Hazardous Materials
furnished, used, applied or stored in a Facility or at the Premises by such Operator or any Subcontractors or emanating
from a Facility or the Premises as a result of the performance of the Services.

 

8.5.3
  The foregoing shall not be construed to
limit either Party’s right to bring a cause of action against the other Party for breach of any provision of the Agreement.

 

ARTICLE
9

EVENTS OF DEFAULT; REMEDIES

 

9.1
Operator’s Events of Default. An “Operator’s Event of Default” shall mean:

 

9.1.1
Breach. Failure in the due observance or performance of any of the material
obligations, covenants or agreements of such Operator set forth in this Agreement which failure
is not cured within thirty (30) days after written notice thereof by Marathon to
such Operator or, if the nature of the failure is such that the same cannot be cured within thirty (30) days or such Operator
contests the same in good faith in accordance with Article 13, such Operator has commenced
and is diligently pursuing such cure or contest and, in the case of cure, completes such cure within ninety (90) days after
said written notice; or

 

    	 	14 	 

     

    

 

9.1.2
Insolvency Event. An Insolvency Event occurs in relation to such Operator. “Insolvency Event” means any of
the following:

 

(i)
   any meeting of creditors of such Person being held or any arrangement or composition with or for the benefit of its
creditors being proposed or entered by or in relation to such Person; or

 

(ii)
a supervisor, receiver, administrator, administrative receiver or other encumbrance taking possession of or being appointed over
any distress, execution or other process being levied or enforced and not being discharged within thirty days upon the whole or
any substantial part of the assets of such Person; or

 

(iii)
     such Person’s ceasing or threatening to cease to carry on business or being or becoming unable
to pay its debts within as they fall due;

 

(iv)
      or a petition being presented or a meeting being convened by such Person for the purpose of considering
a resolution for the making of an administration order, the winding up, or dissolution of such Person; or

 

(v)
any event analogous to any of the foregoing occurring in any jurisdiction.

 

9.2
Marathon’s Remedies. Upon the occurrence of an Operator’s Event of Default, Marathon shall have the right (without
prejudice to any other right Marathon may have) to exercise all or any of the following powers:

 

9.2.1
     Remedies at Law or
Equity. Pursue, concurrently or separately, all remedies available at law, at equity,
in bankruptcy or in other appropriate proceedings, including bringing an action or actions from time to time for recovery
of amounts due and unpaid by the defaulting Party, and/or for damages and expenses resulting from Operator’s Event of Default,
which shall include all costs and expenses reasonably incurred in the exercise of its remedy (including reasonable attorney’s
fees); and

 

9.2.2
  Termination.
Marathon may terminate this Agreement by notice in writing to Operators
on or at any time after the occurrence of an Operator’s Event of Default which has not otherwise been cured as provided
for under this Agreement.

 

9.3
Duties of Operators Upon Termination. Upon termination of this Agreement by Marathon pursuant to this Article 9:

 

9.3.1
     Continuity of Operation.
Operators shall, if required by Marathon, continue to perform its obligations under this Agreement for a period specified by Marathon
(but not exceeding one-hundred eighty (180) days from the effective date of the termination) while the successor to Operator(s)
is being installed. During any such period, Operators shall continue to act in all respects in accordance with this Agreement
as if the same had not been terminated.

 

9.3.2
     Contract Extension.
In the event this Agreement shall be continued pursuant to subsection 9.3.1, this Agreement shall continue in full force and effect
until the first to occur of (a) the date upon which a new Operator agreeable to Marathon shall have been engaged and
trained, or (b) one hundred eighty (180) days from the effective date of the termination of the Agreement as referenced
in the termination notice in subsection 9.2.2.

 

9.3.3
     Facility
Records and Property to Marathon. Operators
shall transfer, assign or otherwise make available to Marathon all property, drawings, files, warranties, subcontracts, and all
Facility records, including personnel records related to the Facility or related to the Services provided hereunder. All Facility
records and documents related in any way to the operations of the Facility, at all times during the term of the Agreement and
after its termination, shall be the property of Marathon.

 

9.3.4
  Cooperate
with Marathon. Operators will cooperate with Marathon, in the event of Marathon
termination hereunder, to assist Marathon in hiring employees of Operators assigned to work at the Facility on a full-time basis.

 

9.4
Marathon’s Event of Default. “Marathon’s Event of Default” shall mean:

 

9.4.1
     Failure to Pay.
Failure to pay any sum when due under this Agreement which failure has not been cured within
thirty (30) Days after written notice thereof by Operators to Marathon;

 

9.4.2
  Other Breach. Failure (other than
that described in subsection 9.4.1) in the due observance or performance of any of the material obligations, covenants or agreements
of Marathon set forth in this Agreement which failure is not cured within thirty (30) days
after written notice thereof by Operators to Marathon, or, if the nature of the failure is such that the same cannot
be cured within thirty (30) days, or Marathon contests the same in good faith, Marathon has commenced and is diligently
pursuing such cure or contest and, in the case of cure, completes such cure within six (6) months after said written notice; or

 

    	 	15 	 

     

    

 

9.4.3
Insolvency Event. An Insolvency Event occurs in relation to Marathon. “Insolvency Event” means any of the following:

 

(i)
   any meeting of creditors of such Person being held or any arrangement or composition with or for the benefit of its
creditors being proposed or entered into by or in relation to such Person; or

 

(ii)
a supervisor, receiver, administrator, administrative receiver or other encumbrance taking possession of or being appointed over
any distress, execution or other process being levied or enforced and not being discharged within thirty days upon the whole or
any substantial part of the assets of such Person; or

 

(iii)
     such Person’s ceasing or threatening to cease to carry on business or being or becoming unable
to pay its debts within as they fall due; or

 

(iv)
      a petition being presented or a meeting being convened by such Person for the purpose of considering
a resolution for the making of an administration order, the winding up, or dissolution of such Person; or

 

(v)
any event analogous to any of the foregoing occurring in any jurisdiction.

 

9.5
Operator’s Remedies. Upon the occurrence of Marathon’s Event of Default, Operators shall have the right (without
prejudice to any other right Operators may have) to exercise all or any of the following powers:

 

    	 	16 	 

     

    

 

9.5.1
Remedies at Law or Equity. Pursue, concurrently or separately, all remedies available
at law, at equity, in bankruptcy or in other appropriate proceedings, including bringing an action or actions from time
to time for recovery of amounts due and unpaid by the defaulting Party and/or for damages and expenses resulting from Marathon’s
Event of Default which shall include all costs and expenses reasonably incurred in the exercise of its remedy (including reasonable
attorney’s fees); and

 

9.5.2
  Cease Work. Upon written notice
to Marathon of the occurrence of an uncured Marathon Event of Default under Section 9.4.1 for which prior notice has been given,
cease all or a part of the performance of the Services under this Agreement provided that the same is done in a manner as not
to endanger people or property, including the Facility, or the environment.

 

9.5.3
     Termination.
Terminate this Agreement by delivery of a notice to Marathon declaring termination, provided, however, that if Marathon’s
Event of Default is limited to failure to pay money when due, this Agreement shall not terminate
for thirty (30) days after the expiry of such notice and then only if the failure to pay money when due has not been cured.

 

9.5.4
  Transfer of Operator’s Responsibilities.
Immediately before the date on which termination of this Agreement becomes effective, whether pursuant to Section 9.2.2 or Section
9.5.3:

 

(i)
   Operators shall provide its reasonable assistance to Marathon and the successor of Operator to transfer the operation
and maintenance of the Facility to the successor of Operators in order to prevent, limit or mitigate any harm or disruption to
the normal operation and maintenance of the Facility and the business of Marathon;

 

(ii)
Operators shall further use its reasonable efforts to transfer to the successor of Operator, effective as of the date on which
termination of this Agreement becomes effective pursuant to Section 9.2.2 or Section 9.5.3,
its rights as Operator under all contracts entered into in the performance of its obligations under this Agreement; and

 

(iii)
     Pending such transfer and in relation to all other contracts relating
to the operation and maintenance of the Facility, the Operators shall hold their rights and interest thereunder on trust
for and to the order of the successor of Operator.

 

ARTICLE
10

LIMITATION ON LIABILITY

 

10.1
   Maximum Liability of Operator. Except as otherwise provided in this Section 10.1, Operator’s total liability
to Marathon during any one year under this Agreement (whether based in indemnity, tort, negligence, strict liability, warranty
or otherwise, unless due to intentional torts, fraud, or bad faith) shall not exceed in the aggregate the amount of one hundred
thousand dollars ($100,000). The following matters shall not be subject to the limit of liability in this Section 10.1: indemnity
obligations of Operators under Section 8.1.1(ii) with respect to claims of third parties only, obligations of Operators under
Section 8.1.1 (iii) and obligations of Operators under Section 8.1.1(iv).

 

    	 	17 	 

     

    

 

10.2
   Maximum Liability of Marathon. Except for amounts payable to Operators
pursuant to Article 4, Marathon’s total liability to Operators for losses incurred by Operators during any one
year under this Agreement, unless due to intentional torts, fraud, or bad faith, shall not exceed one hundred thousand dollars
($100,000).

 

ARTICLE
11

INSURANCE

 

11.1
   Operators Insurance Coverage. During the Term and any Renewal Term, Operators shall secure and maintain, at
its sole cost, (except to the extent that a waiver is obtained from Marathon), and subject to Applicable Law (including any additional
cover or increased limits required by Applicable Law), the following minimum insurance:

 

11.1.1
     Workers’ Compensation
Insurance. In an amount and upon terms and conditions to comply with the Workers’ Compensation and occupational disease
laws and regulations of the United States. Notwithstanding any provisions provided in this Agreement to the contrary, Operators
shall be liable and shall pay for all costs and expenses, including, without limitation,
the amounts of any premiums or deductibles, relating to Workers’ Compensation insurance.

 

11.1.2     
Employer’s Liability. Insurance
with a limit of liability of not less than US $1,000,000 for each occurrence.

 

11.1.3   
Commercial General Liability Insurance. Liability insurance for Bodily Injury (including mental injury/mental anguish)
and property damage with minimum limits of US $1,000,000 each occurrence and $2,000,000 in the annual aggregate.

 

11.1.4    
Automobile Liability Insurance. Motor
vehicle liability insurance covering all owned, hired, leased, rented or non-owned vehicles for both bodily injury and property
damage, with combined single limit each occurrence: US $1,000,000 or amount required by Applicable Law, whichever is greater.
Policy shall provide for loading and unloading coverage and shall contain appropriate
no fault insurance provisions or other endorsements as are required under Applicable Laws and Permits. For Operator’s
Subcontractors’ motor vehicles, such insurance may be effected by the Subcontractor, however, Operators shall be responsible
for compliance with this Section 11.1.4.

 

11.1.5     
Umbrella/Excess Liability Insurance. Coverage
in excess of the limits of and in accordance with the other terms in Sections 11.1.2, 11.1.3 and 11.1.4 above, with a combined
single limit for bodily injury and property damage of at least US $2,000,000 for each occurrence.

 

 

11.2
  Additional Insureds. All insurance
required by Section 11.1 (exclusive of Workers’ Compensation) shall name Marathon
and others as required by contract or agreement as additional insureds. All such liability insurance shall be written as
primary policies, not contributing with and not in excess of coverage which Marathon may carry.

 

11.3
  Subcontractors’ Insurance.
Operators shall require all Subcontractors and suppliers to obtain, maintain and keep in force, prior to entry on the Premises
and during the time in which they are engaged in performing work or Services, insurance
coverage complying with United States (including New York) legal requirements and pursuant to Operators’ normal practice
and shall provide Marathon with certificates of insurance evidencing such coverage. Operators shall: (i) obtain a Waiver
of Subrogation which shall be provided to Marathon and all other parties as required by contract or agreement, and (ii) (except
for Workers’ Compensation) name Marathon and all other parties as required by contract or agreement as additional insured
on such polices. Marathon shall have no responsibility for payment of premiums and claims
with respect to such insurance.

 

    	 	18 	 

     

    

 

11.4
  Other Requirements.
All policies of Operators insurance provided for herein shall be issued
by carriers with a Best rating of not less than A+ and a finance rating of not less than Class X or such other carriers as Marathon
shall Approve (such Approval not to be unreasonably withheld), and the terms of coverage shall be as evidenced by certificates
to be furnished to Marathon. Such certificates shall provide that sixty (60) days written
notice shall be given to Marathon prior to cancellation or material alteration of
any policy, and indicate the waiver of subrogation and additional insured requirements as per this Agreement.

 

11.5
   Marathon’s Insurance Coverage. During the Term and Renewal
Term, Marathon shall secure and maintain, at its own expense, and subject to Applicable Laws and with terms, conditions, limits,
self-insured retentions and deductibles, the following insurance:

 

		(a)	Workers’
                                         Compensation covering all of Marathon’s employees;

		(b)	Employer’s
                                         Liability, covering all of Marathon’s employees;

		(c)	Property
                                         All Risk Insurance and Machinery Breakdown coverage (excluding
                                         equipment owned/rented/leased by Operators or Subcontractors);

		(d)	Commercial
                                         General Liability Insurance. Liability insurance for Bodily Injury (including mental
                                         injury/mental anguish) and property damage with minimum limits of US $1,000,000 each
                                         occurrence and $2,000,000 in the annual aggregate; 

		(e)	Automobile
                                         Liability Insurance. Motor vehicle liability insurance covering all owned, hired, leased,
                                         rented or non-owned vehicles for both bodily injury and property damage, with combined
                                         single limit each occurrence: US $1,000,000 or amount required by Applicable Law, whichever
                                         is greater. Policy shall provide for loading and unloading coverage and shall contain
                                         appropriate no fault insurance provisions or other endorsements as are required under
                                         Applicable Laws and Permits; and

		(f)	Umbrella/Excess
                                         Liability Insurance. Coverage in excess of the limits of and in accordance with the other
                                         terms in Section 11.5(b), 11.5 (d) and 11.5(e) above, with a combined single limit for
                                         bodily injury and property damage of at least US $2,000,000 for each occurrence.

    	 	19 	 

     

    

 

In
connection with Services to be performed pursuant to this Agreement only, it is intended
that Marathon will provide, through its insurance under 11.5(c) above, for claims relating to the physical damage of the
Facility (excluding equipment owned/rented/leased by Operators or Subcontractors) and that
Operators shall not be required to carry any such insurance with respect to events covered under Marathon’s insurance.

 

The
required insurance under Section 11.5(c) shall name Operators and their employees, agents, and contractors. Subcontractors
and directors as “Additional Insureds” as their interests may appear and Marathon as “Named Insureds”
in connection with only claims arising out of or relating to Operators’ presence on the Premises and the Services to be
performed pursuant to this Agreement only.

 

11.6
  Proof of Insurance.
Within thirty (30) days after execution of this Agreement, Marathon and Operators shall each provide the other with evidence (including
certificates of insurance) that their respective coverage required to be carried under this Article 11 is in full force and effect,
together with proof of payment of premiums therefor. As soon as possible, updated certificates shall be provided on an annual
or, if applicable, more frequent basis, showing proof that coverage required under this Agreement is continual.

 

11.7
  Form and Content of Insurance.
All policies with respect to insurance provided pursuant to this Article 11 shall be as follows:

 

		(a)	Non-Recourse.
                                         All insurance shall provide that there will be no recourse against
                                         the Additional Insureds for the payment of premiums or commissions or (if such policies
                                         provide for the payment thereof) additional premiums or assessments.

		(b)	Waiver
                                         of Subrogation. All insurance required to be maintained by Operators
                                         and Marathon hereunder shall provide for the waiver of any right of subrogation
                                         by the insurers thereunder against Marathon, Operators (as respects
                                         only claims arising out of or relating to Operator’s presence on the Premises
                                         and Services to be performed pursuant to this Agreement only) and the officers, directors
                                         and employees, agents and representatives of each of them, and any right of the insurers
                                         to any set off or counterclaim or any other deduction, whether by attachment or otherwise,
                                         in respect of any liability of any such person insured under such policy,

		(c)	Notice
                                         of Cancellation. All insurance shall provide that it may not be canceled or materially
                                         changed without giving Marathon and Operators forty five
                                         (45) days prior written notification thereof, except in cases of nonpayment
                                         of premium for which ten (10) Days prior written notice shall be provided (unless a longer
                                         notice period for non-payment is agreed to by the relevant insurer).

    	 	20 	 

     

    

 

11.8
   Additional Requirements.

 

		(a)	Compliance
                                         and Notification. Operators shall comply with terms and conditions of the said policies
                                         of insurance and all reasonable requirements of
                                         Marathon or the insurers in connection with the settlement of claims, the recovery
                                         of losses and the prevention of accidents. Operators agree to advise Marathon as soon
                                         as practicable in writing of any notice of claim to which insurance pursuant to this
                                         Article 11 applies. Any payments by the insurers under the policies referred to in Section
                                         11.5 shall, unless directed to the contrary by Marathon, be made in the first instance
                                         to Marathon. Marathon reserves the right (i) to immediately step in and assume full
                                         control at any time of any claim settlements and/or (ii) to directly make claims
                                         for loss or damage to the insurers.

 

The
proceeds of claims payments made to Marathon as a result of the application of this sub-section shall be used to repair, reinstate
or replace the subject matter to which the claim payment refers. Marathon shall use best efforts to process any claim expeditiously
and assert to the fullest extent the joint insured rights under the policy in question.

 

Subject
to Marathon’s step-in rights under this sub-Section 11.8(a) and upon written approval by Marathon, Operators shall be allowed
to communicate and deal directly with the brokers, insurers, claims adjusters or other parties
on behalf of all the named insureds under the policies. Operators shall keep Marathon
informed on a timely basis regarding all reports and claims.

 

(b)
The provisions of Article 11 do not modify or
change or abrogate any responsibility of Operators or Subcontractor stated elsewhere in this Agreement.

 

(c)
Failure to Maintain
Insurance. If either Party fails to maintain any insurance that it is
required to maintain hereunder, then the other Party (and without prejudice to any other right or remedy)
may at its sole option obtain such insurance and, in such event, the Party failing to maintain
such insurance shall reimburse the other Party upon demand for the cost thereof.

 

ARTICLE
12

FORCE MAJEURE

 

12.1
   Events Constituting Force Majeure.
An event of Force Majeure as used herein is any event that (a) restricts or prevents performance under this Agreement (b) is
not reasonably within the control of the Party affected or caused by the default or negligence of the affected Party and (c) cannot
be overcome or avoided by the exercise of due care and shall include: acts of God, acts of the public enemy, terrorism or threat
of terrorism, acts of a court or a Governmental Authority, hurricanes, tornadoes, earthquakes, floods, riots, rebellion, sabotage,
defective design of equipment or the either Facility, latent defects in equipment, lack of
fuel arising from Marathon’s failure to supply same as required herein, vandalism, epidemic, pandemic or spread of contagious
disease including COVID-19 (also known as coronavirus disease), as designated by the World Health Organization; or other similar
events beyond the reasonable control of the Party claiming Force Majeure. Strikes of Operators’ employees or Subcontractors
are specifically excluded from conditions of Force Majeure if those strikes are within the
control of Operators, provided that no strike shall be deemed to be within Operator’s control merely because Operators
could end such strike by agreeing to terms that Operator, in its sole discretion, determines to be unfavorable and Operators shall
not be entitled to claim as Force Majeure hereunder any event or circumstance that is beyond the reasonable control of Marathon.

 

12.2
  Notice. In the event that either
Party is rendered unable, wholly or in part, by an event of Force Majeure, to perform any obligation it has under this Agreement,
the claiming Party shall give notice and state the particulars of the event of Force Majeure
which it claims to the other Party, as soon thereafter as practicable. The obligations
of the Party claiming Force Majeure, so far as they are affected by such event of Force Majeure, shall be suspended during
the continuance of any inability or incapacity so caused, but for no longer. Neither Party shall be relieved from any obligation
to make payment to the other for expenses or liabilities already incurred.

 

12.3
   Reasonable Efforts. The Parties
will use their reasonable efforts to remedy and mitigate the effects of any Force Majeure and diligently pursue such efforts.
The Party claiming a Force Majeure shall have the burden of establishing the existence of such event to a preponderance
of the evidence. The Party claiming Force Majeure shall report in writing weekly to the other Party providing detailed
information of the steps being taken to overcome the Force Majeure and the estimated time such Force Majeure is expected to continue.
An event of Force Majeure which continues for one hundred eighty (180) days shall be deemed to be a permanent closing of the affected
Facility or Facility and shall be treated as provided for under Section 5.2.

 

    	 	21 	 

     

    

 

ARTICLE
13

DISPUTES

 

13.1
   Dispute Resolution. It is the express intention of the Parties to this Agreement to make a good faith effort
to resolve, without resorting to litigation, any dispute arising under or related to this Agreement according to the procedure
set forth in this Article; provided, however, that nothing in this Article 13 shall limit the rights or remedies of the Parties
set forth in Article 9.

 

13.2
  Senior Executives. In the event
of a dispute relating to any provision of this Agreement which cannot be resolved promptly by negotiations between the representatives
involved directly in the dispute, each Party shall immediately designate a senior executive with authority to resolve the dispute.
The designated senior executives shall promptly begin discussions in an effort to agree upon a resolution.

 

13.3
  Litigation. If said executives
do not agree upon a resolution within thirty (30) days of the referral to them then each Party may resort to litigation in order
to resolve any claim, dispute and other matter in question arising between the Parties hereto
arising out of, or relating to, this Agreement or the interpretation or breach thereof. Each Party hereby irrevocably and
unconditionally consents to the exclusive jurisdiction of the federal and state courts sitting in New York, New York for any action,
suit or proceeding arising out of or related hereto. Each Party hereto further hereby irrevocably and unconditionally waives any
objection to the laying of venue of any action, suit or proceeding arising out of or relating to this Agreement in such courts,
and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action,
suit or proceeding brought in any such court has been brought in any inconvenient forum. Each Party hereby knowingly, voluntarily
and intentionally waives any right (to the fullest extent permitted by applicable law) to a trial by jury of any dispute arising
out of, under or relating to, this Agreement and agrees that any such dispute shall be tried before a judge sitting without a
jury.

 

    	 	22 	 

     

    

 

ARTICLE
14

ASSIGNMENT

 

14.1
   Assignment. This Agreement
may not be assigned by either Party without the prior written consent of the other, such consent to not be unreasonably withheld,
conditioned or delayed. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective
successors and assigns to the extent that assignment is permitted hereunder.

 

ARTICLE
15

MISCELLANEOUS

 

15.1
   Notices. Any notice required or permitted to be delivered hereunder shall be deemed to be delivered when deposited
in the mail, postage prepaid, registered or certified mail, or sent via email, provided, however, that a follow-up hard copy is
either hand delivered or couriered, return receipt requested, or by telecopier or courier, addressed to the Parties at the following
addresses:

 

	If
                                         to Marathon:

         
	 
	Marathon
                                         Patent Group, Inc.

        1180
        North Town Center Drive, Suite 100

        Las
        Vegas, NV 89144

        Attn:
        Merrick Okamoto, Chief Executive Officer

        Telephone:
        800-804-1690

        Email:
        merrick@marathonpg.com

         

        With
        a copy to:

         

        Jolie
        Kahn, Esq.

        12
        E. 49th Street, 11th floor

        New
        York, NY 10017

        Telephone:
        516-217-6379

        Email:
        jolie.kahn@marathonpg.com
	 
	 

        If
        to Operators:

         
	 
	Liefern
                                         LLC

        9
        Federal Street

        Easton,
        MD 21601

        Attn.:
        General Counsel

        Telephone:
        (410) 770-9500

        Fax: (410) 770-9949

        Email:
        legal@beowulfenergy.com

         

        and

         

        TWO
        POINT ONE, LLC

        300
        SE 2nd St, Suite 600

        Fort
        Lauderdale, FL 33301

        Attn.:
        Chris Ensey

        Telephone:
        (410) 274-1257

        Email:
        chris@2p1.com
	 

 

    	 	23 	 

     

    

 

 

or
in each case to such other address as either Party may from time to time designate in writing. All notices given by personal delivery
or mail shall be effective on the date of actual receipt at the appropriate address. Notice given by telecopier shall be effective
upon actual receipt if received during recipient’s normal business hours or at the beginning of the next regular business
day of the recipient if received after the recipient’s normal business hours.

 

15.2
Independent Contractor. Each Operator
is an independent contractor and nothing in this Agreement shall be construed as creating a partnership or other relationship
between either Operator and Marathon. Operators will not hold themselves out as an agent or representative of Marathon. Operators,
in their capacity as Operators, have no authority to bind or create any obligation on behalf of Marathon.

 

15.3
  Subcontractors. Operators’
Services may be performed by Operators acting in its own name, or by Operators’ subcontracting portions of such Services
to Subcontractors or other suppliers.

 

		(a)	For
                                         its Services, Operators shall assume the responsibility for negotiating with, and performance
                                         by, their Subcontractors.

		(b)	Operators
                                         shall have authority and control over the Subcontractors’ work, including
                                         overtime and, any special methods required, in the judgment of Operator,
                                         to complete the Subcontractors’ work in a correct and timely manner.

		(c)	All
                                         subcontracts shall be consistent with the terms and conditions of this Agreement.

		(d)	Subcontractors
                                         are not intended to be, shall not be deemed to be, and are not third-party beneficiaries
                                         of this Agreement.

15.4
Entire Agreement. This Agreement is the
entire agreement among the Parties with respect to the subject matter hereof and supersedes all prior agreements with respect
thereto as of the date of the execution of this Agreement, and no amendment, alteration, modification or interpretation of this
Agreement shall be binding unless in writing and signed by all Parties.

 

15.5
No Waiver. No
failure by any Party to insist upon the strict performance of any term,
covenant or condition of this Agreement, or to exercise any right or remedy upon breach of any provision hereof, and no acceptance
of payment or performance during the continuation of any such breach, shall constitute a waiver of any term, covenant or condition
herein or waiver of any subsequent breach or default in the performance of any terms, covenant,
or condition herein.

 

15.6
Severability.
If any provision of this Agreement or its application to any Party or circumstances
shall be determined by any court of competent jurisdiction to be invalid and/or unenforceable to any extent, the remainder of
this Agreement or the application of such provision to such Party or circumstances, other
than those determined invalid or unenforceable, shall not be affected thereby, and each provision hereof shall be valid
and shall be enforced to the fullest extent permitted by law. In the event a provision of this Agreement is found to be invalid
or unenforceable, the Parties will negotiate in good faith to agree on a lawful provision having as near the same economic effect
as the unenforceable provision.

 

15.7
  Governing Law; Jurisdiction of Courts.
This Agreement shall be governed by, and construed, interpreted and applied in accordance with, the laws of the State of New York,
without regard to the conflict of laws provisions thereof that would apply the laws of a jurisdiction other than the State of
New York.

 

15.8
Further Assurances. Marathon and Operators
agrees to execute and deliver such other documents and papers and to do such other acts and things as may be reasonably necessary
more fully to effect the intent and purposes of this Agreement. Each Party agrees to exercise its rights and perform its obligations
hereunder in good faith.

 

15.9
  Limitation. Operators agrees that
it will look only to assets of Marathon for all amounts due to Operators hereunder.

 

    	 	24 	 

     

    

 

15.10
Survival of Representations and Warranties.
The representations and warranties made pursuant to Articles 6 and 7 shall survive execution of this Agreement for the Term.

 

15.11
Captions. All headings or captions appearing
herein are for convenience only, shall not be considered a part of this Agreement, for any purpose or as, in any way interpreting,
construing, varying, altering, or modifying this Agreement or any of the provisions hereof.

 

15.12
Conflicting Provisions. In the event of
any conflict between this document and any Appendix hereto, the terms and provisions of this document, as amended from time to
time, shall control. In the event of any conflict among the Appendices, the Appendix of the latest date shall control.

 

15.13
Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which together
shall constitute one and the same agreement.

 

15.14
Confidential and Proprietary Information.

 

15.14.1
   The Parties agree (i) to treat all information furnished or disclosed between
themselves as confidential and proprietary, (ii) to restrict the use of such information to matters relating to the
performance of the Agreement and (iii) to restrict access to such information to such officers, directors and employees of
Marathon and Operators and each of their respective agents whose access is necessary in the implementation of the Agreement. Confidential
information will not be reproduced without the disclosing Party’s prior written consent, and all copies of written information
will be returned to the disclosing Party upon request except to the extent that such information is to be retained pursuant to
the Agreement.

 

15.14.2
   The foregoing restrictions do not apply to information which: (i) is contained in a printed publication which
was released to the public prior to the date of the Agreement; (ii) is, or becomes,
publicly known otherwise than through a wrongful act of a Party hereto or their respective employees, or agents; (iii) is
in possession of a Party hereto or its employees, or agents prior to receipt from the disclosing Party, provided that the person
or persons providing the same have not had access to the information from the disclosing Party; (iv) is furnished to others
by the disclosing Party without restrictions similar to those herein on the right of the
receiving Party to use or disclose; or (v) is required to be disclosed by Applicable Law or order of a Governmental
Authority or (vi) is approved in writing by the disclosing Party for disclosure by
a receiving Party or its agents or employees to a third party.

 

15.15
Effective Date. This Agreement shall be
effective on the Effective Date.

  

[Signatures
follow on next page.]

 

    	 	25 	 

     

    

 

IN
WITNESS WHEREOF, the Parties have executed this Agreement on the dates set forth below, to be effective as of the Effective Date.

 

MARATHON
PATENT GROUP, INC.

By:
______________________________

Name:

Title:

 

LIEFERN
LLC

By:
_______________________________

Name: Mila Barrett

Title: Secretary

 

TWO
POINT ONE, LLC

By:
_______________________________

Name:

Title:

 

    	 

     

    

 

APPENDIX
A

DEFINITIONS

 

As
used in this Agreement, the terms set forth below shall have the following meanings:

 

“2P1”
means Two Point One, LLC.

 

“Affiliate”
means any person that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common
control with the Person specified.

 

“Agreement”
means this Data Facility Services Agreement and the attached Appendices, as amended from time to time.

 

“Applicable
Laws” means all federal, state or local laws, statutes, treaties, ordinances, judgments, decrees, injunctions, writs and
orders of any court, arbitrator or Governmental Authority or instrumentality and rules, regulations,
orders, interpretations and Permits relating to the operations and maintenance of the Facility, the performance of the
Services or the sale of electric energy from the Facility of any Governmental Authority, court or other body having jurisdiction
over the operation of the Facility, the performance of the Services or the sale of electric energy from the Facility, as
may be in effect from time to time. Applicable Laws include, without limitation, all Environmental Laws.

 

“Approval”
means that the approving Party has given prior consent in writing before action is taken based on such approval and “Approve”
and “Approved” shall have correlative meanings.

 

“Beowulf
OPCO” means Liefern LLC.

 

“Business
Day” means any day on which businesses are normally open for business in New York.

 

“Contract
Energy” has the meaning ascribed to such term in the PPA.

 

“Effective
Date” has the meaning set forth in the opening paragraph of this Agreement.

 

“Emergency”
means an event occurring at a Facility which poses actual or imminent risk of serious personal injury, physical damage, or environmental
contamination requiring immediate preventative or remedial action or notification of a Governmental Authority by Operators under
any Environmental Laws, and for which advance approval by Marathon otherwise required under the Agreement would be impossible
or impractical.

 

“Environmental
Laws” means all Applicable Laws and Permits relating to (i) the control of any
potential Hazardous Materials, (ii) the protection of human health or the environment, including air, water or land, (iii) the
generation, handling, treatment, storage, disposal, transportation or reporting of Hazardous Materials or other waste materials,
including any discharge or release thereof, (iv) the regulation of or exposure to hazardous, toxic or other substances alleged
to be harmful to human health or the environment, and (v) other environmental and industrial
or occupational health and safety matters. The term “Environmental Laws” includes all judicial and administrative
decisions, orders, notices, directives, and decrees issued by a Governmental Authority pursuant to the foregoing.

 

“Facility”
has the meaning ascribed to such term in the Recitals.

 

“Facility
Manager” shall be that Person designated as such by Marathon with respect to the Facility. The initial Facility Manager
for the Facility shall be [Merrick Okamoto].

 

“Governmental
Authority” means any federal, state, or local governmental body, department, division, office, instrumentality, agency,
board, council, or commission having jurisdiction over a Party or any portion of the Services.

 

“Hazardous
Materials” means (i) any chemical, material or substance defined as or included in the definition of “hazardous
substances”, “hazardous wastes”, “hazardous materials”, “extremely hazardous waste”,
“extremely hazardous substances”, “restricted hazardous waste”, “hazardous chemicals”, “toxic
wastes”, “pollutant”, “pollution”, “contaminant”,
“toxic substances”, or words of similar import under any applicable Environmental Laws; (ii) any other materials
or pollutants that pose a hazard to the Facility or the Premises or any part thereof or to persons, flora or fauna on or
about the Facility site or the Premises or to any other property that may be affected by the release of such materials or pollutants
from the Facility or the Premises or any part thereof or to persons, flora or fauna on or
about such other property and would cause such property or such other property to be in violation of any Environmental
Law or to become the subject of any site investigation, response, remediation or notification
requirement under any applicable Environmental Law; (iii) petroleum and petroleum by-products and any fraction thereof,
including crude oil, fuel oil, other refined oils, natural gas, natural gas liquids, or liquefied natural gas, and (iv) asbestos,
including asbestos containing material and asbestos contaminated soil urea formaldehyde foam insulation, toluene, polychlorinated
biphenyls and any electrical equipment which contains any oil or dielectric fluid containing levels of polychlorinated biphenyls
in excess of applicable Environmental Laws.

 

“Incremental
Management Fee” has the meaning ascribed to such term in Section 4.1(b).

 

“Indemnified
Party” has the meaning ascribed to such term in Section 8.3.1.

 

“Indemnifying
Party” has the meaning ascribed to such term in Section 8.3.1.

 

“Insolvency
Event” has the meaning ascribed to such term in Section 9.1.3 or 10.4.3, as applicable.

 

“Initial
Management Fee” has the meaning ascribed to such term in Section 4.1(a).

 

“Interest
Rate” means the prime interest rate as reflected in The Wall Street Journal under “Money Rates” plus two percent
(2%). 

 

“Management
Fee(s)” has the meaning ascribed to such term in Section 4.1 (b).

 

“Marathon”
means Marathon Patent Group, Inc.

 

“Marathon’s
Event of Default” has the meaning ascribed to such term in Section 9.4.

 

“Monthly
Invoice” has the meaning ascribed to such term in Section 4.2(a).

 

“Monthly
Report” has the meaning ascribed to such term in Section 2.8.1.3.

 

“Operator”
means each of Beowulf OPCO and 2P1.

 

    	 	A-1	 

     

    

 

“Operators’
Event of Default” has the meaning ascribed to such term in Section 9.1.

 

“Permits”
means all permits, licenses, or other approval of any Governmental Authority required for the operation of the Facility including,
without limitation, those required under or to ensure compliance with any Environmental Laws.

 

“Person”
means any individual, corporation, partnership, limited liability company, a joint stock company, an unincorporated association,
a joint venture, a trust or other legal entity.

 

“PPA”
means that certain Power Purchase Agreement dated as of September 30, 2020 between Big Country Datalec LLC and Marathon.

 

“Premises”
means those lands described on Exhibit A, including,
without limitation, the lands included within the description of the Sites.

 

“Prudent
Engineering and Operating Practices” means the standards, practices, methods, procedures and acts which (i) conform
with such degree of skill, diligence, prudence and foresight as
would reasonably be expected from a skillful and experienced operator of a data center of similar type to the Facility with a
view to profit-making therefrom and (ii) which would reasonably be expected to be applied by such person exercising reasonable
judgment in light of the facts known known at the time a decision was made to accomplish
the desired result in an efficient and workman-like manner consistent with Applicable Law, reliability, safety,
environmental protection, the Permits and Marathon’s commitments.

 

“Review”
means that the reviewing Party shall be made aware of and have a right to comment upon the matter involved

but
that such comments may be accepted or rejected by the other Party.

 

“Services”
means all services of Operators or any Subcontractors to be provided to Marathon pursuant
to this Agreement.

 

“Services
Payment” has the meaning ascribed to such term in Section 4.1(c).

 

“Services
Price” has the meaning ascribed to such term in Section 4.1(c).

 

“Site”
means the real property on which the Facility is located as more fully described in Appendix
B.

 

“Subcontractors”
means those Persons or entities who have a contractor arrangement with Operator, whether directly or by assignment, or with any
subcontractors or vendors of Operators of any tier, for the performance of any work with respect to the Facility.

 

“Term”
means the term of this Agreement as determined pursuant to Section 5.1.

 

“Year”
means a calendar Year commencing on January 1 and ending on December 31 and references to month or months shall be construed
accordingly.

 

    	 	A-2	 

     

    

 

APPENDIX
B

SITE

 

See
Exhibit A separately attached.

 

    	 	B-1

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