Document:

Exhibit 4.2

 

SIXTH SUPPLEMENTAL INDENTURE

 

SIXTH SUPPLEMENTAL INDENTURE (the “Sixth
Supplemental Indenture”), dated as of December 31, 2017, to the Indenture (defined below) by and among Arconic Inc.,
a Pennsylvania corporation (the “Company”), Arconic Inc., a Delaware corporation (“New Arconic”),
and The Bank of New York Mellon Trust Company, N.A., a national banking association, as Trustee under the Indenture (the “Trustee”).

 

WITNESSETH

 

WHEREAS, the Company and the Trustee are party
to an indenture, dated as of December 14, 2010 (the “Base Indenture”), providing for the issuance from time
to time of its Securities (as defined in the Base Indenture) to be issued in one or more series as therein provided;

 

WHEREAS, the Base Indenture has been amended
and supplemented by a Third Supplemental Indenture, dated as of April 17, 2013 (the “Third Supplemental Indenture”),
a Fourth Supplemental Indenture, dated as of July 23, 2015, and a Fifth Supplemental Indenture, dated as of November 30, 2017 (the
“Fifth Supplemental Indenture” and the Base Indenture, as so amended and supplemented , the “Indenture”),
and a series of the Company’s Securities known as its 1.625% Convertible Senior Notes due 2019 (the “Notes”)
have been issued and are outstanding pursuant to the Indenture;

 

WHEREAS, the Company entered into the Agreement
and Plan of Merger, dated as of October 12, 2017 (the “Merger Agreement”), by and among the Company and New
Arconic, a direct wholly owned subsidiary of the Company, pursuant to which, concurrently with the execution of this Sixth Supplemental
Indenture, the Company is being merged with and into New Arconic, with New Arconic being the surviving corporation in such merger
(the “Merger”);

 

WHEREAS, pursuant to the Merger Agreement
and subject to the terms and conditions therein, at the effective time of the Merger, each share of common stock, par value $1.00
per share, of the Company (the “Shares”) issued and outstanding immediately prior to the effective time of the
Merger is being converted into the right to receive one share of New Arconic common stock, par value $1.00 per share (each share
of such stock, “Reference Property”);

 

WHEREAS, the Merger constitutes a Merger Event
with respect to the Notes under Section 8.07 of the Third Supplemental Indenture;

 

WHEREAS, pursuant to Section 11.01(a) of the
Indenture and Section 8.07 of the Third Supplemental Indenture, at the effective time of the Merger (the “Effective Time”),
the Company is required to execute with the Trustee and New Arconic a supplemental indenture providing for (i) New Arconic to assume
all the obligations of the Company under the Notes and the Indenture, and (ii) the change in the right to convert each series of
Notes resulting from the Merger Event;

 

     

     

    

 

WHEREAS, pursuant to Sections 10.01, 10.03
and 11.01(a) of the Indenture and Section 8.07(b) of the Third Supplemental Indenture, in connection with such supplemental indenture,
the Company is required to deliver to the Trustee an Officer’s Certificate and an Opinion of Counsel; and

 

WHEREAS, the Trustee has received such Officer’s
Certificate and Opinion of Counsel;

 

NOW, THEREFORE, in consideration of the foregoing
and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company, New Arconic, and the Trustee
hereby agree as follows:

 

1.     
Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the
applicable Indenture.

 

2.     
Agreement of Parties. (a)Effective as of the Effective Time, New Arconic hereby (i) represents and warrants that
it is a corporation organized and validly existing under the laws of the state of Delaware, and (ii) expressly and unconditionally
assumes all obligations of the Company under the Notes and the Indenture, including without limitation the due and punctual payment
of the principal of, premium, if any, and interest on the Notes and the due and punctual performance of all of the covenants and
conditions of the Indenture or established with respect to the Notes pursuant to the Indenture to be performed by the Company with
respect to the Notes. From and after the Effective Time, New Arconic shall succeed to and be substituted for and may exercise every
right and power of the Company under the Indenture with the same effect as if New Arconic had been named as the Company therein.

 

(b)       In
accordance with Section 8.07 of the Third Supplemental Indenture, at and after the Effective Time, the right to convert each $1,000
principal amount of Notes shall be changed to a right to convert such principal amount of Notes into the amount of Reference Property
that a holder of a number of Shares equal to the Conversion Rate (as defined in the Third Supplemental Indenture) immediately prior
to the Merger would have owned or been entitled to receive upon the consummation of the Merger. The provisions of the Indenture,
as modified herein, including without limitation, (i) all references and provisions respecting the terms “Common Stock,”
“Conversion Price” and “Conversion Rate” and (ii) the provisions of Section 8.01(b) of the Third Supplemental
Indenture respecting when a Holder of Notes may surrender its Notes for conversion, shall continue to apply, mutatis mutandis,
to the Holders’ right to convert each Note into the Reference Property. New Arconic hereby agrees to furnish Reference Property,
if any, deliverable upon conversion of the Notes and be bound by the conversion provisions of Article 8 of the Third Supplemental
Indenture. As and to the extent required by Section 8.07(a) of the Third Supplemental Indenture, the Conversion Rate (as defined
in the Third Supplemental Indenture) shall be adjusted as a result of events occurring subsequent to the date hereof with respect
to the Reference Property as nearly equivalent as possible to the adjustments provided for in Article 8 of the Third Supplemental
Indenture, with respect to the Common Stock.

 

3.     
Indenture Remains in Full Force and Effect. Except as supplemented hereby, all provisions of the Indenture shall
remain in full force and effect.

 

     

     

    

 

4.     
GOVERNING LAW. THIS SIXTH SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK. EACH OF THE COMPANY, NEW ARCONIC, AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SIXTH SUPPLEMENTAL
INDENTURE OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

5.     
Multiple Counterparts. The parties may sign multiple counterparts of this Sixth Supplemental Indenture. Each signed
counterpart shall be deemed an original, but all of them together represent the same agreement.

 

6.     
Effect of Headings. The Section headings herein are for convenience of reference only, are not to be considered a
part hereof, and shall in no way modify or restrict any of the terms or provisions hereof.

 

7.     
Trustee. The Trustee accepts the amendment of the Indenture effected by this Sixth Supplemental Indenture and agrees
to execute the trust created by the Indenture as hereby amended, but only upon the terms and conditions set forth in the Indenture,
including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee, which terms and provisions
shall in like manner define and limit its liabilities and responsibilities in the performance of the trust created by the Indenture
as hereby amended. Without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner whatsoever
for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely
by the Company and New Arconic, or for or with respect to (i) the validity, efficacy, or sufficiency of this Sixth Supplemental
Indenture or any of the terms or provisions hereof, (ii) the proper authorization hereof by the Company or New Arconic, as applicable,
by corporate action or otherwise, or (iii) the due execution hereof by the Company or New Arconic, as applicable, and the Trustee
makes no representation with respect to any such matters.

 

[Signature Pages Follow]

 

     

     

    

 

IN WITNESS WHEREOF, the parties hereto have
caused this Sixth Supplemental Indenture to be duly executed, all as of the date first above written.

  

	 	ARCONIC INC., a Pennsylvania corporation
	 	 	 
	 	By:	/s/ Peter Hong
	 	Name:	Peter Hong
	 	Title:	Vice President and Treasurer

  

 

[Signature Page – Arconic Convertible
Notes - Sixth Supplemental Indenture]

 

     

     

    

 

	 	ARCONIC INC., a Delaware corporation
	 	 	 
	 	By:	/s/ Peter Hong
	 	Name:	Peter Hong
	 	Title:	Vice President and Treasurer

 

 

[Signature Page – Arconic Convertible
Notes - Sixth Supplemental Indenture]

 

     

     

    

  

	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
	 	 	 
	 	By:	/s/ Karen Yu
	 	Name:	Karen Yu
	 	Title:	Vice President

  

 

[Signature Page – Arconic Convertible
Notes - Sixth Supplemental Indenture]Exhibit 4.3

 

 

FOURTH SUPPLEMENTAL INDENTURE, dated
as of December 31, 2017 (the “Fourth Supplemental Indenture”), between ARCONIC INC. (f/k/a Alcoa Inc.), a Pennsylvania
corporation (the “Company”), ARCONIC INC., a Delaware corporation (“New Arconic”), and THE
BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as successor trustee (herein called the “Trustee”).

 

RECITALS OF THE COMPANY

 

The Company and the Trustee are parties
to an Indenture dated as of September 30, 1993 (the “Base Indenture” and as supplemented by the First Supplemental
Indenture dated as of January 25, 2007 and the Second Supplemental Indenture dated as of July 15, 2008, the “Indenture”),
relating to the issuance from time to time by the Company of its Securities. Capitalized terms used herein, not otherwise defined,
shall have the same meanings given them in the Indenture.

 

Section 901(1) of the Base Indenture provides
that a supplemental indenture may be entered into by the Company and the Trustee, without the consent of any Holders, to evidence
the succession of another Person to the Company and the assumption by any such successor of the covenants of the Company in the
Indenture and in the Securities.

 

In connection with that certain Agreement
and Plan of Merger, dated as of October 12, 2017, by and among the Company and New Arconic, a direct wholly owned subsidiary of
the Company, pursuant to which, concurrently with the execution of this Fourth Supplemental Indenture, the Company is being merged
with and into New Arconic, with New Arconic being the surviving corporation in such merger (the “Merger”), the
Company has requested the Trustee to join with it in the execution and delivery of this Fourth Supplemental Indenture in order
to evidence the succession of New Arconic to the Company and the assumption by New Arconic of the covenants of the Company in the
Indenture and in the Securities.

 

The Company has determined that this Fourth
Supplemental Indenture complies with said Section 901 and does not require the consent of any Holders.

 

NOW, THEREFORE, THIS FOURTH SUPPLEMENTAL
INDENTURE WITNESSETH:

 

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

 

I.       ASSUMPTION

 

A. Effective as of the effective time of
the Merger (the “Effective Time”), New Arconic hereby assumes the due and punctual payment of the principal
of (and premium, if any) and interest (including all amounts, if any, payable pursuant to Section 1004 of the Base Indenture) on
all the Securities and performance of every covenant of the Indenture on the part of the Company to be performed or observed.

 

     

     

    

 

B. New Arconic represents and warrants that
it is a corporation organized and validly existing under the laws of Delaware.

 

C. From and after the Effective Time, New
Arconic shall succeed to and be substituted for and may exercise every right and power of the Company under the Indenture with
the same effect as if New Arconic had been named as the Company therein.

 

II.       GENERAL PROVISIONS

 

A. The recitals contained herein shall be
taken as the statements of the Company and New Arconic, and the Trustee assumes no responsibility for the correctness of same.
The Trustee makes no representation as to the validity of this Fourth Supplemental Indenture. The Indenture, as supplemented and
amended by this Fourth Supplemental Indenture, is in all respects hereby adopted, ratified and confirmed.

 

B. 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.

 

C. The Company hereby certifies that this
Fourth Supplemental Indenture conforms to the current requirements of the Trust indenture Act.

 

D. This Fourth Supplemental Indenture shall
be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania.

 

E. Henceforth, all references in the Indenture
and the Securities to the “Company” shall be deemed to be references to new Arconic. The Indenture is otherwise ratified
in full.

  

 

[Signature Pages Follow]

 

    	 	- 2 -	 

     

    

  

	 	ARCONIC INC., a Pennsylvania corporation
	 	 	 
	 	By:	/s/ Peter Hong
	 	Name:	Peter Hong
	 	Title:	Vice President and Treasurer
	 	 	 
	 	 	 
	 	ARCONIC INC., a Delaware corporation
	 	 	 
	 	By:	/s/ Peter Hong
	 	Name:	Peter Hong
	 	Title:  	Vice President and Treasurer

 

 

[Fourth Supplemental Indenture (Arconic
Bonds)]

 

    	 	 	 

     

    

 

 

	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
	 	 	 
	 	By:	/s/ Karen Yu
	 	Name:	Karen Yu
	 	Title:	Vice President

 

 

[Fourth Supplemental Indenture (Arconic
Bonds)]

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